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221  Bitcoin / Bitcoin Discussion / Re: Feds transferred BTC from seized Silk road wallet to Coinbase on: April 09, 2024, 12:07:52 PM
They will sell it today or tomorrow. Unless they sell it at once, the market shouldn't react much. Because Bitcoin already pumped a lot and due to their sale, it won't be a be a massive dump. But if they decide to sell everything at once, then we may see a massive dump. Its just not for sale, but it will create a FUD, and investors will panic. I hope institutional investors will back massive sales. They are constantly accumulating Bitcoin, even at its high price. So buy-in demand is pretty high right now. Unless traders panic, Feds won't dump the bitcoin for selling it. 
I think there is a reason why they can't sell it on one big blow and that's why they're doing it in batches. But whether they continue these sell batches, the institutions are always prepared to catch them all.

If they gonna dump this huge amount of bitcoins, then surely the price will drastically drop and that will create a huge chance for anyone who is waiting for the price to get lower and wants to invest to join the potential bull run after bitcoin halving this year.
As many have said in the first page, the amount might affect a bit but it's not that big to affect entirely.

Did they get those bitcoins after they caught the criminals or did they somehow find a way to recover it from them without any interactions? If this is how good they are, then the hackers are no longer a threat to most of us and we can now easily ensure that we can keep our bitcoins more securely than ever before.
Not sure with that but with interrogations and confiscation, it's likely that they've taken it after the criminals have been caught. But if it's about hackers, they are multiplying as well and the breeding of them never stops.

Bitcoin is classified as a commodity and not a security, it must be allocated just as goods are disposed of by displaying them in an open auction and giving the opportunity to anyone who wants to buy according to the auction price. why did the government decide to sell them directly by creating an account in Coinbase, and why now, and why not all seized?
I think there is a condition that they're following as protocol, well this is just my wild guess that they can't sell it all at once because if they can then surely they've done it already. But I agree that they've done auctions before so why not do the same as with this batch.

The US government is always doing this kind of speculation and trying to regulate the market. The government usually sells gradually and I don't think it affects the market much. I don't think it's in the government's interest that the market is in a downturn, but they are always ready to sell bitcoin at any time and under any circumstances. Usually, when the market is in a negative mood, this news comes out and they try to deepen the decline in Bitcoin. But they are wrong, and Bitcoin is always capable of defeating speculation. Bitcoin is also a finite asset and although it is subject to negative speculation, time always works in Bitcoin's favor.
Yeah, as said by someone here. They've sold before and that's not even in the bull run, so, they'll just do what they have to do if it should be dumped at any rate and time that they can. But as also mentioned and questioned by many here, why they can't sell it in one major sell so, there's something that stops them. And if there's a certain purpose to move markets with such news, we're in a bull run and any negative news is going to affect it but it's not that hurting that much anymore.

Considering how much and how fast the price is rising, even hundreds of millions of dollars won't make a significant difference. Still, I think it's better to auction seized funds from illegal operations instead of dumping them on exchanges. Auctions can start around market price but actually push the price up, with some people having a desire to have those specific coins. I know it goes against fungibility of Bitcoin, but it could be better both for the price and for the US government: the price wouldn't be affected, and the US government would get more funds.
Well, whichever is the method of them for disposing these seized Bitcoins or even with other stuff like paintings, the US government is always on a win with this. They actually don't have to find buyers as there will always be interested people and party willing to purchase all of those and the same goes with the auction.

Reportedly, US government owns approximately 94,600 Bitcoins. So I see the recent transfer of 2,000 Bitcoins as a test transfer before they actually try to sell the majority of their holding. The current value of these 2000 bitcoins is approximately 140 million. While it's a huge amount of money, I don't see a great impact in the market and on the price. The current market cap of bitcoin is 1.39 trillion. So it's just 0.01% of the Bitcoin's market cap. The market can gulp this 140 million bitcoins and no one would know. I don't foresee any sustained price dump to be honest. But I will be happy if I am proven wrong so that I can score some more bitcoins at a lower price.   
You're right and just as what the others have said not impacting the market a lot but with people's fear and sentiment, this kind of sell off do affect much with the help of the media.

This is the HODLing. Fed is a good Hodler. By the way, I have a good question, did Coinbase asked FED to upload KYC documents and prove the source of their funds? I think that Coinbase should seize those coins because those are coins collected on darknet, so, they should really seize it but since it's Fed and the government is involved, every kind of illegal money is okay for them to exchange and sell on people.
If anything, those coins should be burnt, not exchanged!
Good question but Coinbase can't do that if you're the government. There's a blessing from the federal government and anything they wanna do will surely have a permission so, possible that the name goes with the KYC as "FED" and Coinbase can't question that whether those coins are tainted because they're seized. They're a registered business and trademark so they're just under the powers of the government and will obey what they wanna do with them.
222  Economy / Economics / Re: Debt Management. on: April 08, 2024, 11:39:41 PM
I guess that the majority of the people in the world has got debt. Even the huge corporations, even countries and even small individuals have got their own debt. I am not into debt and I don't have mortgage nor car payments because I am avoiding them at all cost. I don't feel good when I've got obligation to pay and I have to think of it monthly for so many years. It is sucking my peace and that's why I am avoiding them. Maybe my debt is just a personal one from my loved ones and there's no string attached to it and no pressure at all. Unlike if we do it with the banks, they're going to take your collateral when you're not able to pay on time, you'll get countless reminders. So, if you can't pay the thing you want in cash, much better to save your peace and save money first.
It's not actually bad to be in debt as long as you're capable to pay, and you use those funds either to expand your previous investment or whatsoever that generates sure profits. But in cases like you take a loan for personal satisfaction, I don't think taking a loan is actually helpful. It may even push you into a miserable life once you're unable to pay and so its monthly interest keeps going high. So as much as possible, learn to avoid taking debts if you have no reliable funds to pay for it.
If you have the means to avoid them, it's best not to take any. But if you're in a situation that you're in dire need of having extra money but you don't have then all you have to do is to take it and use that for those important matters and expenditures that you have to do. For expansion matters, this is done by most businessmen and they're using debt money to increase their cash flow while they're going to get their payments from their future profits. They can do this easily because they've established their business and good or bad seasons, they've got cashflow to pay for it. And for an individual that don't have good cashflow, it's not advisable to do this.
223  Other / Beginners & Help / Re: Understanding bull and halving. on: April 08, 2024, 10:17:50 PM
While we're approaching the bull run, many are still misinformed about what halving is all about. I've seen people on social media explaining that halving is going to cut the supply of Bitcoin which is totally wrong. The supply is fixed to 21M but the reward for miners will be cut into half.

Now in summary, the answer to the big question is ; the biggest bull Bitcoin experiences is during the halving period where the amount of coins pumped into circulation is halved, causing the value of the circulating supply to rise. Although other market factors also contribute, halving is the main reason for the bull.
It happens after the halving since it's just a one-time event every 4 years cycle. As it works like an after-shock for the price of Bitcoin. While it's true that other factors are there like the Bitcoin spot etf approvals and the volume that it gets but the main thing every bull run certainly is the halving.
224  Economy / Marketplace / Re: Is there any easy way? Where to earn $3 dollars per day? or micro earnings? on: April 08, 2024, 08:45:34 PM
Visit to freelancing websites like upwork or fiverr. You'd see virtual assistants there that can get paid for as low as $3 per hour and those tasks are just easy for them like data entry and research. But you have to upskill but these kinds of tasks can be obsolete someday with AI and that's why the rates for skilled VAs can be higher than that. Some task may like be social media postings or replying to the customers comments on a company's social pages. Too many to look at but certainly find one that are under your niche and skill.
225  Economy / Gambling / Re: 🔥🔥🔥 BC.GAME - CASINO AND SPORTSBOOK | $1,000 GIVEAWAY LIVE! 🔥🔥🔥 on: April 08, 2024, 12:51:27 PM
~image~
Despite that you've covered your face, I'd advise you to remove this picture and edit that post of yours.

Quote
I'll wait until tomorrow. If my documents are not accepted, I will write appropriate reviews in the profiles of representatives on this forum.

It’s not their problem if you can’t provide the documents which the casino accepted. Submit the proper documents before you file a complaint about your KYC.
When I've said that I am hoping that it gets resolved soon. Well, that hope has changed already and lost a bit of it if he can't provide the requirements of other IDs for his KYC. But I am still in the hope that he can get his other IDs to provide to the support but giving reviews to the casino when the problem is that you can't provide what they're asking isn't going to solve that either.
226  Economy / Gambling / Re: 🔥🔥🔥 BC.GAME - CASINO AND SPORTSBOOK | $1,000 GIVEAWAY LIVE! 🔥🔥🔥 on: April 08, 2024, 10:24:57 AM
My deposit has been credited now. Thanks everyone for the help and reassurance that it would work out.
I just need to figure out how to get  the withdrawal done now
Happy to see that your deposit has been credited already and your issue has been fixed for now. Now, all you have to do is enjoy and hope you'll get some nice wins.
Despite the holidays, the fund issue case was treated within 5 days that's awesome, and hope the issue won't change the good impression he had about the casino cause I have never experienced such an issue in BC and the deposit is almost instant so is the withdrawal.
Honestly, many might not be impressed with that if it took 5 days. But even with that, as long as the problem has been solved, that's what matters because with some other casinos it is even taking a month and several months while the case is still active on them. So, having that solved in a few days is still a good one.

4 days have already passed, no changes.
I hope that it gets resolved soon as long as they've seen your ticket and said that they're going to solve it, they will. Just as the other quote that I've got that solved it on the fifth day but as I am saying, hoping that it will be taken care of shortly.
227  Economy / Scam Accusations / Re: [Scam]: Fake BlockGames pre-sale website on: April 07, 2024, 11:53:55 PM
It turns out that the website directs the visitors to:

Code:
https://pre-blockgames.com/

But the website doesn't have anything already so probably they're already busted and the devs removed all of the contents. What a trick by these cons by adding "-" hyphen dash to their website and removing the word "sale" from the original one. It's kind of tricky but these what these scammers does. Thanks OP for catching these thieves.
228  Economy / Marketplace / Re: What are the yardsticks to measure exchange trading volume growth? on: April 07, 2024, 10:44:15 PM
While on Twitter reading to be updated about recent development in the crypto space. I stumbled upon a post talking about exchange Q1 spot trading volume growth. I was expecting to see Binance at number 1 as usual but surprisingly they are in number 5 with less popular exchanges occupying number 1 to 4.

According to TokenInsight December 2023 publication about exchanges, Binance took the lead in both spot and derivative trading volume throughout the year but it seems the narrative is changing with Bitget, Bitmart and Bybit occupying the top 3 position based on spot trading growth in Q1 of 2024 according to the analysis
Whichever exchanges are the contender and able to replace them on their sweet #1 spot is due to the issues and cracking down that has been done against them. There's goes the settlement that they did with the US SEC government and that have affected their volume and the same goes for countries like Canada where they've withdrawn that market and the same goes for other countries with the most recent with Nigeria and Philippines.

I would like to ask what you think is responsible for the trading volume growth of exchanges because all I could think of right now is perhaps the exchange user base or the number of trended token listed on the exchange
Halving, approved Bitcoin ETFs and the effect of halving which is close coming by which is the familiarity when bull run is coming. Well, you're partly correct with that about the trending token listings but they won't get that much hype when there's no halving for BTC as it signals the upcoming bull run and you always get to see this when we're approaching there. More new projects, more hypes and listings and new cash flows coming in.
229  Bitcoin / Bitcoin Discussion / Re: Feds transferred BTC from seized Silk road wallet to Coinbase on: April 07, 2024, 09:14:45 PM
With the data above, I think the US Gov only have 67K BTC left after deducting the 94,643 BTC owned by Bitfinex.
My question now is, why dont they just sell it all at once? or maybe they are still waiting for the BTC price to hit $100K? lol.
Because they probably can't, just as the institutions can't sell them all at once is because not all of these exchanges have plain cash ready and they're just like middlemen of most traders and investors globally. But possible, they're going to do the next batches when BTC hits $100k or more.

Yeah, they liquidated those coins in batches. It might not have been out of care for the market; it could have simply been their desire to maximize the proceeds, or simply to stay inconspicuous. But they're not necessarily hiding all these things. After all, they will still file reports as to these activities. And these documents are probably not confidential at all.

So, I'm not at all bothered by this $131 million that would hit the market anytime soon.
Right, they can't hide these activities as it will look questionable and all of these sell offs were done publicly and sure that in the future when they do the next batches, they'd do a report and might take the media on a next level to do some manipulations that will be not only in their favor but with the other big players.

I have gone through it and what came to my mind is somewhat strange. I believe feds and US government don't really need to sell their holdings directly to the public or via exchanges because these days there are so many investment companies that are willing to accumulate Bitcoin and if feds get a good quote from those companies then they can sell the seize Bitcoin without casing any dip to the market.
It's possible that there could some ruling that they have to follow and standard procedure if the btc's are seized as they can't just sell it on an institution directly and that's why there were auctions. But yeah, why didn't they do an auction for this one or they've just chosen the quicker path and quick cash going onto their hands.

I am just surprised they haven’t sold these holdings earlier. When was the last time they sold? About a year ago. Price went higher, why didn’t they sell more.

Why didn’t they sell everything during the 2014, 2017 and 2021 bitcoin bull markets. Very strange that they kept them all these years while the trial ended a long time ago.
That makes sense but who knows if the feds or whoever is on the higher ups of his/her position there understands truly the concept of Bitcoin as a volatile asset and a store of value and that's affecting their decision as consensus when and whether to sell or not.

That's good, it is actually in a place that can be trusted instead of just their own whatever storage that we didn't know.
As much as they can hold vast of it, they can also hold it on their own with their trust and confidence but this is all big money that was seized and value keeps on increasing from the time they've seized it but possibly, they just choose not to hold them anymore and let Coinbase do all the job for keeping them as they've sold it to them, preparing for the bull I guess.

Yeah there is nothing to worry about that. As far as I know, they have announced it in the past that they are going to sell the seized Bitcoins in portions within a certain period, and it's probably one of the portions they are going to sell as they did in the past, and we haven't seen much of an effect on the price in the past as well.

They are also not going to dump all the coins they hold at once because they aren't doing this for money last time when they sold a portion of the coins, the price of Bitcoin was pretty low, and if they were doing it only for the money and profits, they could wait for the price to go up and then could sell the coins.

Neither this, nor any of their selling in the future will affect the price or the market in any way, besides, there are more Bitcoins bought and sold than that amount of a daily basis, so I don't think this will have any significance in front of that.
I didn't know that, that they've mentioned it that they're going to sell it but if they've announced it. Some probably have taken that advantage as a signal upon selling it to Coinbase on exact date that they've announced it. So this kind of disposal that the feds are doing are plainly just for disposal but I doubt it that they're not doing it for profits. Because whether they sell now or earlier, they're still in profit as the btc's seized were just freely taken by them.
230  Other / Beginners & Help / Re: My experience on: April 07, 2024, 07:30:49 PM
Start with Electrum and you're already fine. And the next thing that you'll do is on how to keep your seeds safe and remember that you don't give it to anyone and even your relatives. Only you should those seeds because that will serve as your password for your bank account(wallet) just for the sake of easier understanding and logic. Well, I remember that when I've asked the teller on the bank if she knew about Bitcoin but then they're not too approachable at all. They just take your slip and dispense your money and all good. LOL
231  Economy / Speculation / Re: I'm curious about your thoughts on when Bitcoin might hit $1,000,000 on: April 07, 2024, 05:59:29 PM
Currently, Bitcoin reached an all-time high of $73,000. If new ATH is created in the Bitcoin market in 2024 and stays up to $100,000, then in 2025 Bitcoin can reach $100,000 to $170,000. Bitcoin will still have to wait many years to reach $100,000,000. But I think between 2030 and 2036 it could go up to 1 million dollars.
This is what is on my mind, despite with all of the possibilities that Bitcoin might hit $1M at any moment due to its nature and volatility, it will take time for it to reach $1M. A safe prediction that many are telling is around a century more for it to happen. But with how quick the phasing is with the adoption and more institutional money coming in, maybe it might be less but we don't know how long and what exactly is the year when it could happen.

As we technically cannot make predictions, I have made predictions with my best efforts, I don't know how successful my predictions can be.
You just contradicted what you've said.
232  Other / Beginners & Help / Re: Be cautious when copying wallet addresses on: April 06, 2024, 11:10:03 PM
Certainly a malware, it's been there since years and many have been victimized by it already. Those that don't check many times when they're about to send their transactions, they're the targets of this malware. Also, I've seen some situation wherein the copied address from your own wallet has some identical first and last characters of the hacker, I'm not sure how it goes but always check your entire bitcoin address from start, to mid and last characters of it. It will take you a minute but that minute will save you from trouble.
233  Economy / Marketplace / Re: Explore the best bep20 wallets for your tokens on: April 06, 2024, 09:13:08 PM
I am not familiar with math wallet but do people really use it? It is the first time that I have read someone mentioned and suggested about them. If someone cannot afford an hardware wallet which also supports a lot of bep20 tokens not just the nano wallet and probably you're suggesting the latest of it which is the nano ledger s+, metamask is already enough. You get the wallet for erc20, bsc and even the other networks that are also available on it.

I think MathWallet is quite popular specifically because of the support for a large number of altcoins. But, I would never recommend a wallet that isn't fully open-source, which applies to both MathWallet and TrustWallet. 
I have never heard of it and that's why when I've seen it, I have to search for it and I thought OP just mistyped but it's a real wallet. But with wallets that I haven't used, I can't speak for it as I have no experience yet with it. Looking at their sub-reddit, they don't have that much followers but just around 200+ and then not too active at all so, it's better to choose the others.

I'm not sure if users have had any problems with it, but I remember reading some reports that Mathwallet was collecting too much personal information about wallets and users. So I wouldn't use it for anything important.
Not to say that much but most apps collect information nowadays as long as the service is free, we are the product of the apps and software that they develop.
234  Bitcoin / Bitcoin Discussion / Re: Do we really need to blame fraudsters on: April 06, 2024, 07:54:35 PM
Scammers are everywhere and in every season, bear market or bull run they'll never absent from it because there's always an opportunity for them to scam people and victims are coming all over this marketplace no matter what the situation is. While they know the demand is on an increasing trend on this market, they do know that many uninformed newbies are coming in and those are the people that they're targeting to scam and that's why awareness and being knowledgeable is the key and getting familiarized with their scam techniques will help in avoiding them.

At least your reply points out that they is a level of responsibility we have in avoiding these scammers, others prefer to blame the circumstance than the rile they played, everyone want some else to get it done for them, if you are not ready to take care of yourself in this decentralized space then go back to your mama, crypto is for the grown that are ready to accept responsibility
It should start from us on how to avoid them. We can't be naive and then become a victim and then blame others for our mistakes and unfortunate situations that happen to us. Just like the real world, there are many scammers and we have to be careful of them and don't go on their way but instead, avoiding them so that you won't cross your paths and that's the reason why we're also doing the same in the crypto market so you won't cross paths with them.
235  Bitcoin / Bitcoin Discussion / Re: Do we really need to blame fraudsters on: April 06, 2024, 07:57:23 AM
Scammers are everywhere and in every season, bear market or bull run they'll never absent from it because there's always an opportunity for them to scam people and victims are coming all over this marketplace no matter what the situation is. While they know the demand is on an increasing trend on this market, they do know that many uninformed newbies are coming in and those are the people that they're targeting to scam and that's why awareness and being knowledgeable is the key and getting familiarized with their scam techniques will help in avoiding them.
236  Economy / Services / Re: Freelancer Marketplace For BTC Micro Jobs on: April 05, 2024, 11:44:19 PM
The website won't allow me to access as my browser says that it is a suspicious one. That's why I wouldn't get into it and can't check out your freelancing website. I've seen a lot of it in the past that have been the marketplace for freelancers that pays in Bitcoin and they're also active right now. If you've got that offer of 0.0001 for every sign up and after completing some tasks, you should monitor on that side because many might abuse that giveaway you're giving. It may not be a lot but it can truly happen. But before that, fix your website first as said by Og about your SSL certificate.
237  Economy / Marketplace / Re: Explore the best bep20 wallets for your tokens on: April 05, 2024, 10:20:55 PM
I am not familiar with math wallet but do people really use it? It is the first time that I have read someone mentioned and suggested about them. If someone cannot afford an hardware wallet which also supports a lot of bep20 tokens not just the nano wallet and probably you're suggesting the latest of it which is the nano ledger s+, metamask is already enough. You get the wallet for erc20, bsc and even the other networks that are also available on it.
238  Economy / Scam Accusations / Re: Crypto scam on: April 05, 2024, 06:41:37 PM
The name of website is already suspicious and that instruction given to you was an obvious scam. You have to remember that scammers will play out with your emotion and that's why you need to be careful with it. You've already felt it but then you should you have researched in the first place.

Thanks all. I wanted to give crypto a try and I got scammed. No never again.
Sorry to hear your experience but this isn't only happening in crypto. Even in real life with the banks, financing and almost every sector that has got money involved it happens. You can still invest in crypto but this time, only buy with known exchanges and start and stay with buying Bitcoin.
239  Other / Beginners & Help / Re: Post Bitcoin Halving - Rewards, And Risks on: April 05, 2024, 04:13:54 PM
Those that have became rich with Bitcoin are just too quiet and they don't want to get exposure from the public because they're aware of how this world is dangerous nowadays. While it looks cool and all when you're posting the signs that you're a fan or a real holder and investor, I don't think that's real flex nowadays. What I think with many of them are for real, there are the others that are just riding the hype of this bull run and just got in and became enthusiastic because of the season. But wait for them as they go through the bear market, many of those plates will change into their normal ones when they're done or when they can no longer stay on the market because it'll show some slow move and more corrections.
240  Bitcoin / Bitcoin Discussion / Re: Feds transferred BTC from seized Silk road wallet to Coinbase on: April 05, 2024, 02:20:57 PM
This is great news and hopefully the price of bitcoin drops below $50k, then it will be a good time to buy bitcoin.

Sometimes the decline in the price of bitcoin is something to wait for, like waiting for the price to rise. Because the most boring thing is when the price is stuck and doesn't move  Cheesy
Well, as the attitude of Bitcoin with these news. The drop is there yes, but it always recover fast and we're approaching halving so the dump is possible but I won't be surprised if the recovery is quick.

If they have 94000 coins and sell them it will be interesting to see how price goes.
It's always the news that sends the market down but then, the whales are ready to catch those sold Bitcoins. But if they sell that, there is a possibility that some of these whales might ask them to reserve it for them, who knows.

Whatever. It's not a lot of money in the last 24 hours the trading volume of BTC was about $34 billion.
Even if they moved the 2 billion to sell all at once it's less then 10% of the average daily volume.
But it does make for an impressive headline.

-Dave
You're right, compared to the daily volume it's not that a lot. But news like this could affect the market temporarily maybe just a few hours and moves mostly the retailers but then it will be back again healthier.

Whales are going to eat this up. I wouldn't worry. Although this could provide a good buying opportunity, for those who act fast enough.
I agree, it could just affect the market like a flash crash but then everyone is just waiting for some opportunity to buy and majority probably have their buy orders.

When they have historically sold coins, they sold blocks of coins to bidders so it was all handled off-exchange and didn't affect pricing. I hope they are just using Coinbase for some custodial reasons, rather than having the intentions of actually dumping all of the coins into the open market as this could impact pricing. My suspicions on why they have deposited the coins into an exchange, is because they don't want a repeat of last time where two US federal agents tried to steal the BTC for themselves, so the exchange would have more controls established and completely disallow withdrawals etc. Coinbase is also a US company so there is probably some sort of safety provided to the US government for the storage. I imagine Coinbase representatives may be advising the US government on what to do also.
Possible, Coinbase is registered in the US and they can't just go away with the Bitcoins that has been deposited on them by the FED. But what can we think of when they've done this action? most of us have the same thought that they wouldn't do that for nothing and just want Coinbase to keep it. I haven't read about those two fed agents that have ranaway with their funds before.

We indeed bullish even if this happened, look at the price and volume of Bitcoin, it does not really panic. The pullback recently from $70,000 up to $65,000 is already recovering.

Another thing is I didn't yet heard anything about the feds doing this transaction, is this legal? What could be their plan?
It's legal since they're the government and actions done by them has been coordinate with their higher ups or any agencies that are connected to them.

I don't expect a massive dump. I even think massive dump is an exaggeration. It will have an effect if sold at once, of course, but Coinbase handled $1.2 billion in BTC/USD alone for the past 24 hours. So, $131 million is not even a tenth of Coinbase's BTC/USD pair.

Also, Coinbase has Coinbase Prime, their OTC exchange where institutions are making deals probably in hundreds of millions, if not billions. This amount coming from the US government might end up there. In which case, it won't be shaking the market much.
You're right, they didn't sold it at once so I guess they're also having that problem that every holder is problematic with and that's about selling in batches because we have no choice as the exchanges will question us. But this is not a problem to them, there is a tendency that they're doing it in batches so not to get as much attention that it will be but if that's the reason, they're not good in hiding as they've been already found out doing this massive tx.

That sounds more like declaration of War on Bitcoin 😲
At the very least this is a significant market manipulation attempt and as far as I can tell this would be the first time the US regime is selling seized coins on a centralized exchange instead of auctioning them off-the-market.

The only question remaining is: are they starting to feel threatened by Bitcoin?
They can't stop it whether they feel threatened about Bitcoin. The biggest financial institutions are already in, I'm thinking if they've offered this to them or how and why they've resorted into selling and depositing it on Coinbase. Maybe, there's a legal basis on this process.

Another easy way for government to make money after taxing someone else incomes, print new money and earn interest from lending.

Massive dump won't happen because the bullish trends and upcoming halving events able to cover it, there are still bad news during bullish trends, but it doesn't affect people to believe Bitcoin will pump.
Possibly that this is what the speculations are telling that I've read all about, before the halving there will be some corrections that shall come. It might not be a massive dump but a healthy correction and this can be one of the factor and contributor of it.

Funny how the Feds can do whatever they want.
Sure it's confiscated btc but who says the government is the owner of these coins now?

I don't want to know how many of these people actually filled their pockets this way, just classic.

If they are actually holding almost 100k btc that would mean they own/hold like 0.5% of all bitcoin circulating at the moment. Sure it doesn't sound much but it kind of is.
We can think of the other things that are on their possession like the expensive paintings, etc. Those that have been confiscated due to illegal activities, money laundering and many others. This is just a part of it, I can't imagine how vast the amount of money they're holding. But true, it's classic and legal if it's them.

Maybe if this were 2017 it would make an impact, but these days 2bil is just another second on the orderbook.
I agree, there's still an impact but based on how the market works nowadays. It's likely that less than 24 hours the impact is there but not surprising that it will get back rapidly.
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