Are you worried about the US Government moving BTC?

[Fundamentals Of]

I don't feel happy whenever the price falls down. I guess that's normal for everyone of us here. So when the US government decides to dump their coins, that would make me a little sad because that would mean the price would be affected. But since I know that the correction would be temporary and that the demand would eventually erase the selling pressure, I think I generally don't care. Especially at this point when the global demand is rising so fast, the US government selling won't really be a game-changer.

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[pinggoki]

If you say that we shouldn't be worried then we shouldn't be worried  , I think that it's a really crazy thing that US got the highest number of bitcoin and they don't even accumulate their bitcoins, they just seize those bitcoin that was made from illicit activities and now they've got a really huge amount of money sitting there, just waiting to be used I guess, what they're going to do with the money is still mystery to me though like why are moving those amounts somewhere? Needing another source of money for military budget?

I don't feel happy whenever the price falls down. I guess that's normal for everyone of us here. So when the US government decides to dump their coins, that would make me a little sad because that would mean the price would be affected. But since I know that the correction would be temporary and that the demand would eventually erase the selling pressure, I think I generally don't care. Especially at this point when the global demand is rising so fast, the US government selling won't really be a game-changer.

We're opposite because I'm a long-term hodler so I almost always want bitcoin to go down in prices when it comes to me buying some bitcoin, I want to make sure that I'm getting a huge value whenever I buy and that's what I always wait for whenever I have a huge payday with my job and other side hustles. There's also the fact that I believe in bitcoin and it's inevitability to be able to go back up again whenever the prices are dumping and everyday is another new low for it, it will eventually recover which have been done many times before.

[Poker Player]

I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:

• Do you think the US government is about to sell 15,085 BTC?
• Will this event have a negative impact on BTC and the entire crypto market?
• Are you worried and changed your investment strategy because of this event?

1. I don't give a damn.
2. I put a lot of emphasis on the difference between the short term and the long term. For investments, for gambling and life in general. In this case it may affect the market downward at one point in time but it doesn't change the long term perspective I have.
3. Of course not because I invest for the long term.

[peter0425]

I voted for DCA and Keep Holding so that clears my stand that I care nothing about if the US government selling or now because one way or another someone (in the whales will do the same) so why should i really care?
When I decided to trust bitcoin that comes with the ups and down of the value so I will stick to that.

[davis196]

The US government has the right to sell all confiscated BTC, which was seized from criminals. Why would anyone be worried about this?
This might create a short term price drop, but the serious crypto traders shouldn't be worried about this. Of course the crypto newbs will panic and start panic selling again, but this is yet another opportunity to get BTC at a lower price. "Weak hands" always lose on the market.
I'm sure that the US government wouldn't sell all the BTC at once. This would lead to a lower BTC price, so the overall revenue from the sales will be lower.

[naira]

I really feel that concern considering how the US government's feedback on Bitcoin is quite negative. It is possible that at a certain time or indeed it has been done little by little they sell it and see the decline that occurs which is quite significant and has an impact on the market. With the large number of Bitcoin holdings and the attitude of the US government, this depends on whether, after the ETF is running, it can immediately respond when Bitcoin from the US government is sold. The point is that there are strong hands ready to buy. Regarding the profit-taking strategy, it is certain and the US government will make many of the Bitcoin community angry if it sells at the same time. This year is getting closer to the Halving, so the government's transfer of Bitcoin is something to be wary of.

[Vincom]

The US government has the right to sell all confiscated BTC, which was seized from criminals. Why would anyone be worried about this?
This might create a short term price drop, but the serious crypto traders shouldn't be worried about this. Of course the crypto newbs will panic and start panic selling again, but this is yet another opportunity to get BTC at a lower price. "Weak hands" always lose on the market.
I'm sure that the US government wouldn't sell all the BTC at once. This would lead to a lower BTC price, so the overall revenue from the sales will be lower.

I agree with this: the US government can sell BTC within their budget, and I believe they will not sell hastily and cause the BTC price to be too negatively impacted. Every seller wants the asset price to remain stable or continuously increase to get the maximum amount of money.

BTC price is currently moving sideways and the trend cannot be decided even though it just touched 70K USD. I think this comes from the selling pressure of Genesis and the US government. Anyway, the selling pressure from them is insignificant compared to the buying pressure from those who are FOMO. This could be an opportunity for many Altcoins to receive cash flow from BTC and grow strongly.

[bluebit25]

• Do you think the US government is about to sell 15,085 BTC?
• Will this event have a negative impact on BTC and the entire crypto market?
• Are you worried and changed your investment strategy because of this event?

- I don't think they, like us, understand that bitcoin will increase in price over time, like cryptographic assets, and will gradually sell them to the market.
- let it happen to see, because in the current context as I mentioned before, the pressure on the case is not too great, it will just be like normal news in the space. And if they are willing, there are always contractors who will pay to keep those bitcoins if they need to sell them all.
- Surely this is not an event that concerns me much, because we have bigger stories that confuse the weak minded (the Mt. Gox story).

[YUriy1991]

No worried.

I think they will do it and the proceeds will go into US treasuries... As for the impact, of course after the sale of BTC by the government there will be volatility, but only in the short term. This is also a repurchase opportunity for anyone who wants to increase their BTC holdings. In my view, the more BTC that leaves its owners, the more people will buy in and this will increase the level of confidence in BTC's long-term prospects in the future.

Regarding personal investment strategies and if you are used to market volatility as you said in the vote above, I choose I don't care, just DCA and hold BTC and that is also not a reason to panic so we have to throw away our BTC for no reason. clear.

[Bobrox]

On the one hand, the United States government has fairly bad viewed of bitcoin drastically difference opinion on other side  very aggressive in freezing bitcoin assets from several criminal cases and storing them in their wallets. So far the number of bitcoins confiscated to date has reached more than 207,189 and is the only wallet with quite a large number of bitcoin holders. It doesn't seem fair what the United States government is doing with the amount of bitcoin they confiscated that is currently not being returned to investors or consumers who are victims of crime.

Its still not possible to speculate on the amount of bitcoin transferred by the United States government at this time whether it will remain as collateral or confiscated by the state and there is a possibility that it will be sold before the halving and the price of bitcoin has reached almost $70k.

[jrrsparkles]

Here is the thing even if US government managed to accumulate 1 million bitcoins all it can do is price manipulation which is completely different from controlling the bitcoin and for the record, the esmtination of lost bitcoin is around 4 million bitcoins so the lost assets exceeds what someone have that makes the price of asset to go higher due to reduced supply and to answer I am not worried and US government is not going to control in this way in my opinion, they are trying to squeeze the crypto platforms by hammering them with regulations and lawsuits.

[0t3p0t]

1. Do you think the US government is about to sell 15,085 BTC?
2. Will this event have a negative impact on BTC and the entire crypto market?
3. Are you worried and changed your investment strategy because of this event?

1. The US government knew the potential of Bitcoin to gain profit so maybe they will if it reach another all time high soon.
2. Moving huge amount of Bitcoins is undoubtedly can cause the price move a little back down but we all know it will then bounce back and that is just natural here in this industry just look at the chart and you will see up and down trends on bullish and bearish season.
3. Nah, I am not worried about that what is important is I keep on accumulating until I reach my goal.

[DanWalker]

I really feel that concern considering how the US government's feedback on Bitcoin is quite negative. It is possible that at a certain time or indeed it has been done little by little they sell it and see the decline that occurs which is quite significant and has an impact on the market. With the large number of Bitcoin holdings and the attitude of the US government, this depends on whether, after the ETF is running, it can immediately respond when Bitcoin from the US government is sold. The point is that there are strong hands ready to buy. Regarding the profit-taking strategy, it is certain and the US government will make many of the Bitcoin community angry if it sells at the same time. This year is getting closer to the Halving, so the government's transfer of Bitcoin is something to be wary of.

The US government has bitcoin, which means they are bitcoin investors like the rest of us, they sell bitcoin for profit just like many other whales and institutions do. Why is the bitcoin community angry about this? If it were me, I would be even more excited because I don't like governments holding a lot of bitcoin, I want bitcoin to belong to the community more. So if they sell them all at once, it will be like killing two birds with one stone, those Bitcoins will no longer be owned by the government and this is also an opportunity to buy cheap. Looking in the long run, that's good for the market.

[Uhwuchukwu53]

1. Maybe, maybe not. Doesn't matter to me.
2. If they sell, sure, simply because it's sell pressure.
3. No. If the price drops, then it's a better opportunity to buy bitcoin for cheaper.

Seriously, after being here for 7+ years, you wouldn't care much about the price. Even if bitcoin drops 20-40% it'll be nothing out of the ordinary.

I think what you said is totally correct though my experience may not be that much, but see it will even crave more room for the less privilege to dive in and utilize opportunity of buying and holding BTC, as  it's even more difficult for them to afford currently.

[Plaguedeath]

Who cares with someone moving their own BTC, if you own Bitcoin and want to move it, I don't care too. Why should I need to care with someone else financial decision? Bitcoin is just a currency, similar to fiat.

If your friends use their own money to gamble, will you intervene him and say it's not good to gamble because you only lose your money, you can use the money to give other unfortunate people instead? mind your own business.

[Maus0728]

Not ever, I've seen companies flood the bitcoin market back then and try to manipulate bitcoin price back then, US government isn't any better than those whales and institutional investors, they're nothing to us retail investors and long-term hodlers, they're not going to be a problem even if they move their bitcoins or sell of it. I'm more worried from the fact that I'm not getting paid enough in my work so I can invest more in bitcoin and still be able to pay the bills and some leeway to indulge myself.

I find it funny that people are always like this when whales or big money is involved in bitcoin, no matter what it does to the market, it's going to be just fine, no need to worry because if the price of bitcoin goes down because of them then it's good for you because that's an opportunity to buy cheaper bitcoins, get more bang for your buck.

[Ale88]

I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:

• Do you think the US government is about to sell 15,085 BTC?
• Will this event have a negative impact on BTC and the entire crypto market?
• Are you worried and changed your investment strategy because of this event?

I really couldn't care less about the US government owning and/or selling some bitcoins. If someone is even slightly worried about this then maybe he should look somewhere else. There will be no impact on the market, every day thousands and thousands of bitcoins are bought and sold, 15k more is not a big difference, there are whales who own even more than that.

[Crypto Library]

Actually, I had also no headache about that matter what and who ever govt doing to bitcoin. And the cause is known that js is only because bitcoin has the decentralized peer to peer eco system and no one and no government can control it about by self. I was also have some fear in my mind before because United states of America is moving to bitcoin and that because they are always in work for controlling this ecosystem. But now I think we don't have to be so worried about that because even if they can have some effect on bitcoin that will for few time but for the large scale not will not be possible.

[348Judah]

I don't feel happy whenever the price falls down. I guess that's normal for everyone of us here. So when the US government decides to dump their coins, that would make me a little sad because that would mean the price would be affected.

Should they now also keep holding the peoples asset down without releasing it to the network and other people investing to benefit from it, releasing it to the market stream doesn't not inflate anything in the market price neither does it reduce anything, they are also holding down those financial assets seized in an illegal way, indirectly we can say that the US government too are investors and holders of bitcoin peradventure the seized coins are sold out amidst themselves and they decided to hold the remaining left with them.

[EarnOnVictor]

-snip-

• Do you think the US government is about to sell 15,085 BTC?
• Will this event have a negative impact on BTC and the entire crypto market?
• Are you worried and changed your investment strategy because of this event?

1. I think it is the US government that can accurately answer that. They, of course, have their plans but these plans will only be known to the insiders who are privy to the immediate and the future plans. So, it's better we take our minds off it and continue to enjoy Bitcoin as it is.

2. Not at all, it can't have a lasting negative effect on Bitcoin. The 15,085 BTC is nothing compared to the almost 19.7 million Bitcoin already in circulation. And as it is now, it is not respectful in any way that Bitcoin would be clamped down upon by the US government yet, so it is business as usual.

3. There is nothing to worry about here, Bitcoin is in its bearish season, and this doesn't stop demand and supply from happening. Many Bitcoins have been dumped even today and many have been bought this same day, so a mere few thousand of Bitcoin dumps can never be of significance to the market.

Just continue to be more speculative and enjoy while the bullish trend lasts.