Are you worried about the German government dumping 50k BTC?

[SamReomo]

I'm not sure about others but I'm thankful that they dumped their 50k Bitcoin and because of that dump I was able to accumulate some Bitcoin at cheap rates and also accumulated some very good altcoins at unbelievable values.

Many weak hand got worried after hearing about German government's Bitcoin dumping and about Mt. Gox's Bitcoin crediting but I actually found those as opportunity to accumulate more Bitcoin and some altcoins. Some people were so worried that they started believing that this bull run is over.

[Z-tight]

• Are you worried about the German government selling off 50K BTC?
• What positive perspective do you have about this event?
• Are you holding BTC despite the negative news that has been going on in the market for the past several months?

This is surely not the most terrible news we have seen on the network, so there is no need to be too worried about this, i don't even think the price dumped too much, and it is already back up to $58k. Selling your coins because a centralized government is selling theirs is stupid, except you are a short term buyer, who only plans to make profit from short term movements. The market is going to settle, especially after the Mt. Gox's repayments, then we can probably see BTC start rising very fast.

[Rikafip]

I had told them it wasn't a good idea to buy at 70k and above (but it was a good idea to sell some satoshis for daily expenses).
Red = buy (DCA in)

How is that DCA if you are trying to time the market? I mean, the main advantage of it is that you don't have to obsess yourself about the price and constantly track it and instead just invest in regular intervals no matter the price.

I wonder whether they will buy Bitcoin again in the future.

How do you mean "buy bitcoin again"? Germany was selling seized bitcoin, they didn't buy it in the past and now selling for a profit.

[Ryu_Ar1]

At the moment I still consider myself as a new person when talking about bitcoin because I have only been here for a few years, but when saying that worrying about what Germany is doing can make the price of bitcoin decline again I don't think so. Because after all, even though I am still new, I feel how the previous decline occurred for bitcoin and feel the extraordinary increase again until now. So instead of being worried I think it can be a good momentum to increase my load again if bitcoin has decreased due to Germany selling their assets.

Not intending to be naive so as not to panic but indeed with a further goal, I feel that something like this should be used as an opportunity for us to make purchases especially with market sentiment that can be very fast especially if we still remain in a zone that is very good for bitcoin then worrying will only make us forget our real goals.