German government having second thoughts.

[Webetcoins]

What is the point in reviving a 2 year old thread? You realise that the last post was in 2024, right?

The Bitcoin that Germany had was not even an investment. The German government was not selling Bitcoin because it had invested in it. It was selling Bitcoin that had been seized from criminals. Prosecutors do not speculate on asset prices by trying to time the market. They were required to operate within the legal framework and did not have the discretion to "hodl" that Bitcoin.

Although I do agree that they should buy Bitcoin now before they miss out on this second chance to get in at such a cheap price.

Basically to show that even governments can make mistakes I am guessing. This was such a big mistake that they made a loss from this, and even right now they could be in profit if they sold now after bitcoin dropped less than half of what it used to be. So they could have made even more if they sold at peak.

Governments need to be educated on bitcoin, places like USA for example do not buy bitcoin, but they also do not sell the ones they seize from criminals, that's what Germany should have done and this is a reviving of "told you" type of thing. I guess at least, no t sure because I did not revive it lol.

[Iranus]

Basically to show that even governments can make mistakes I am guessing. This was such a big mistake that they made a loss from this, and even right now they could be in profit if they sold now after bitcoin dropped less than half of what it used to be. So they could have made even more if they sold at peak.

Governments need to be educated on bitcoin, places like USA for example do not buy bitcoin, but they also do not sell the ones they seize from criminals, that's what Germany should have done and this is a reviving of "told you" type of thing. I guess at least, no t sure because I did not revive it lol.

Governments are also human, and the market is beyond their control. So it is normal for them to make mistakes.

But I do not think the German government made a mistake or suffered a loss, because it did not spend a single USD to acquire those Bitcoin. No matter what price they sell at, they always make a profit.

They also do not need to be educated about bitcoin because that is not their concern. The role of the government is to focus on governing the country, not on speculation for small profits.

[philipma1957]

Somewhere in Germany there is a government official saying they were right to dump all the BTC before the great rally of 2025. Funny that we are back to these levels where selling right before the price doubled is now considered a smart move. Congrats Germany. Now buy back your stack before you are left in the dust again.

What is the point in reviving a 2 year old thread? You realise that the last post was in 2024, right?

The Bitcoin that Germany had was not even an investment. The German government was not selling Bitcoin because it had invested in it. It was selling Bitcoin that had been seized from criminals. Prosecutors do not speculate on asset prices by trying to time the market. They were required to operate within the legal framework and did not have the discretion to "hodl" that Bitcoin.

Although I do agree that they should buy Bitcoin now before they miss out on this second chance to get in at such a cheap price.

I would guess he wants Germany to change the moron law that forced them to dump the coins.

Here we are two years later and they have shit laws unchanged .

Btw if they steal a shit ton coins from some one like Saylor their unchanged shit laws would make a dump.

No country on earth should be allowed to steal coins and dump them the way Germany did.

I could tell you tons of government laws all over the world where they say you are a criminal and steal the coins with out a trial for the coins being taken.


Fuck Germany and kudos to og for complaining that they did not alter their garbage laws.

[coolcoinz]

It's funny that what they're doing is not considered market manipulation.

Say you have a low liquidity market, like an altcoin that trades maybe 2% of the total market cap. There's a firm holding a significant % of the coin, for instance a miner. They know the market is illiquid, mine the coin but hold most of the profits, selling a small % to cover the bills and be profitable, but they know how to put fresh coins on sale without influencing the price too much.

The government decides mining or the coin are illegal, or consider the CEO persona non grata (like they do with Russians), steals the coins and dump them on the market crashing the price.
Now everybody sees the coin dumping 50% in a day, so they panic sell thinking there's a rug pull going on, everybody loses money, the coin devs go bankrupt and so on.

Another example of the fact that one who creates the law is above the law.

[Odohu]

Somewhere in Germany there is a government official saying they were right to dump all the BTC before the great rally of 2025. Funny that we are back to these levels where selling right before the price doubled is now considered a smart move. Congrats Germany. Now buy back your stack before you are left in the dust again.

You asking them to buy back at this dip now again, to me is like saying to them, confiscate another Bitcoins again now that price has dumped. Watch and see, they will rather confiscate than directly buying.

While I believe that the German government are not going to buy back those Bitcoin, I think they might have regretted at some point while those sold those coins when they did. They sold those Bitcoin at an average price of $57,900 and the following year the price doubled which means they might regret selling and not waiting. I think OG is saying that the German government now have the opportunity of correcting that mistake of selling by replenishing those Bitcoin. Like I said before, I don't believe they will do that because they never bought those coins before.

[goldkingcoiner]

Somewhere in Germany there is a government official saying they were right to dump all the BTC before the great rally of 2025. Funny that we are back to these levels where selling right before the price doubled is now considered a smart move. Congrats Germany. Now buy back your stack before you are left in the dust again.

What is the point in reviving a 2 year old thread? You realise that the last post was in 2024, right?

The Bitcoin that Germany had was not even an investment. The German government was not selling Bitcoin because it had invested in it. It was selling Bitcoin that had been seized from criminals. Prosecutors do not speculate on asset prices by trying to time the market. They were required to operate within the legal framework and did not have the discretion to "hodl" that Bitcoin.

Although I do agree that they should buy Bitcoin now before they miss out on this second chance to get in at such a cheap price.

I would guess he wants Germany to change the moron law that forced them to dump the coins.

Here we are two years later and they have shit laws unchanged .

Btw if they steal a shit ton coins from some one like Saylor their unchanged shit laws would make a dump.

No country on earth should be allowed to steal coins and dump them the way Germany did.

I could tell you tons of government laws all over the world where they say you are a criminal and steal the coins with out a trial for the coins being taken.


Fuck Germany and kudos to og for complaining that they did not alter their garbage laws.

I think it would have been rotten of them to keep the coins and dump later, at higher prices.

The state isn't supposed to act as a hedge fund (with investments that didn't belong to them in the first place) and speculate on behalf of taxpayers (who will be the ones losing out, in case the speculation does not pan out).

Speculating with confiscated property sets a bad precident. What kind of image is that for a country? Confiscating is one thing, trying to maximize profit off of confiscated coins (at the expense of the people who hodl Bitcoin) is another.

I am glad they dumped the coins. Thank you Germany for the dump and the cheap coins.  

[henmark]

They wouldn't care to buy even should the price falls to $20k because it's not in their agenda to buy bitcoin.
How many of the big countries are buying bitcoin, even the US with many promoters of bitcoin yet, what the government have in holding are ceased bitcoins.

The reality is that the government is not really interested in bitcoin, and that time is probably yet to come.

All the noise around a strategic bitcoin reserve is mostly speculation and market expectations rather than a clearly defined policy.

The US was the country that initiated and pioneered this idea, but look at this. They are only using seized Bitcoin to build the reserve and have no plan to actively buy more. Worse still, it was just an executive order. This means that once Trump's term ends, the strategic bitcoin reserve fund could also be abolished if the new administration is no longer interested in it.

I disagree, there are already half a dozen governments around the world who have decided not to sell their seized bitcoins. They keep getting criminals, get their crypto, and put it in one place. They do not even let it be where it is, they take it, and basically put it in treasury of some sorts, controlled by the government, their "wallet" so to speak.

And some even do not sell alts, they keep literally everything. So that is going to benefit everyone who does that, means more profit, less inflation, less taxes (or at least not more) and less money printing one day. And Germany probably already regrets not doing that, but they are Germany, and for them, it's to going to mean much, because they are already doing better than almost everyone in the world.

[Rabata]

Basically to show that even governments can make mistakes I am guessing. This was such a big mistake that they made a loss from this, and even right now they could be in profit if they sold now after bitcoin dropped less than half of what it used to be. So they could have made even more if they sold at peak.

Governments need to be educated on bitcoin, places like USA for example do not buy bitcoin, but they also do not sell the ones they seize from criminals, that's what Germany should have done and this is a reviving of "told you" type of thing. I guess at least, no t sure because I did not revive it lol.

Governments are also human, and the market is beyond their control. So it is normal for them to make mistakes.

But I do not think the German government made a mistake or suffered a loss, because it did not spend a single USD to acquire those Bitcoin. No matter what price they sell at, they always make a profit.

They also do not need to be educated about bitcoin because that is not their concern. The role of the government is to focus on governing the country, not on speculation for small profits.

Anyone has the right to sell the Bitcoins under their control. The German government has taken a profit by selling them in the market according to its convenience. In this case, I think it is not wrong. If someone sells Bitcoin at a lower price, that is their freedom. Someone makes a mistake by selling and regrets it after  the mistake. Maybe the German government will also realize its mistake. The main thing is that if someone makes a profit, they will sell, there is no problem in it. The price of Bitcoin may be temporarily affected, but it will reach new heights again. It is natural for everyone to move forward with Bitcoin according to their own strategy. The German government may be regretting their decision that has not been made public.

[Franctoshi]

Selling That very amount of Bitcoin will definitely cause little more panic selling after the news broke which we saw exactly happened, but the devastating effect wasn't much felt because we didn't break further away from $58k.
If the those Bitcoin were being but up, you wouldn't be seeing Bitcoin still sit around $60k, The price would have goneway up as the market immediately absorvb the sell pressure.