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.

[cryptosize]

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.

It's a more efficient form of DCA if you buy the local bottoms and sell at local highs.

[Franctoshi]

Why would I be worried about 50k Bitcoin dump by the German government If we can recall what happened during the China dump that the market would later be absorbed the whole sell pressure afterwards, But I still believe it matter of time the whole noise that is currently in the market will be a thing of past.

[Fivestar4everMVP]

I would like to know your opinion on this issue:

• 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?

I have previously seen this topic on the other forum, and my comment here is going to be inline or the same thing as I have said on the other forum.
And one of the things I remember mentioning or saying in that comment was that it makes completely no sense when we allow ourselves to worry over something we have absolutely no control over, worrying that the German government is selling whatever amount of bitcoin they held won't make them change their minds, in fact, the government actually dont know that you and I exists here in our individual parts of the world.

So, for me, I think finding peace of mind in this market is learning to accept whatever comes, as reality, rather than worry over it, especially when there I nothing I can do to change It aside the fact I could decide to use such sell off times as time to accumulate more bitcoins at cheaper price.
I hope this makes any sense to you though.

[FinneysTrueVision]

The German government has now ran out of Bitcoin to sell. This is probably why the price of Bitcoin has started to recover. Some people want to credit Trump for the rally but that’s nonsense in my opinion. Trump had already been gaining momentum since the debate and this didn’t affect price in a positive way.

There are still billions of dollars worth of BTC that Mt. Gox has yet to distribute so this could bring a lot of volatility in the coming weeks and months.

[mindrust]

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.

It's a more efficient form of DCA if you buy the local bottoms and sell at local highs.

That’s not DCA’ing though. That’s called timing the markets, a.k.a trading.

DCA’ing doesn’t care anything about the market movements. Timing the markets is always more profitable but that’s the thing, not everyone can time the markets and that’s why people do DCA.

Local tops and bottoms form all the time. Which local bottom on which chart are we talking about? 1 month chart? 12 months chart? Daily? One can find bottoms and tops in all these charts. When you start examining charts, you ain’t DCA’ing anymore.

[Luzin]

The German government has now ran out of Bitcoin to sell. This is probably why the price of Bitcoin has started to recover. Some people want to credit Trump for the rally but that’s nonsense in my opinion. Trump had already been gaining momentum since the debate and this didn’t affect price in a positive way.

There are still billions of dollars worth of BTC that Mt. Gox has yet to distribute so this could bring a lot of volatility in the coming weeks and months.

Indeed, I am a little confused about the correlation with Trump being shot. I haven't found any clear news yet. But I understand Trump is a user even an NFT creator which means he supports crypto, even he opens donations through crypto. Regarding Germany, I am not so worried that there is always bad news to affect the fluctuations of Bitcoin. But Bitcoin can always come back again. Hopefully that doesn't change.

Then regarding Mt Gox, yes I think the market will still be tested when the distribution of Mt Gox for large owners has been divided. But I always feel confident that Bitcoin will always come back to be even better. The current BTC condition has increased quite a lot, I am not sure purely about Trump but the market condition seems to have been oversold so there is a reversal movement.

[fuguebtc]

The German government has now ran out of Bitcoin to sell. This is probably why the price of Bitcoin has started to recover. Some people want to credit Trump for the rally but that’s nonsense in my opinion. Trump had already been gaining momentum since the debate and this didn’t affect price in a positive way.

There are still billions of dollars worth of BTC that Mt. Gox has yet to distribute so this could bring a lot of volatility in the coming weeks and months.

Indeed, I am a little confused about the correlation with Trump being shot. I haven't found any clear news yet. But I understand Trump is a user even an NFT creator which means he supports crypto, even he opens donations through crypto. 

I can't guarantee whether there is a connection between the bitcoin rally and Trump, but my opinion is that there is. Mr. Trump's assassination unintentionally increased his support rate as well as his election win rate significantly. Meanwhile, we all know that Mr. Trump openly supports bitcoin, so it is no surprise that the market reacted positively to his increasing odds of victory.

From what I see on Twitter, most people hope that Mr. Trump will win the election and they believe that it will be a strong catalyst for us to have a great bull season as well as a major turning point for the cryptocurrency industry. So that's why I think there's a connection between Mr. Trump and today's bitcoin price increase.

[Fivestar4everMVP]

The German government has now ran out of Bitcoin to sell. This is probably why the price of Bitcoin has started to recover. Some people want to credit Trump for the rally but that’s nonsense in my opinion. Trump had already been gaining momentum since the debate and this didn’t affect price in a positive way.

You are absolutely right, from my personally point of view, what ever is going on with the US elections, as well as the attack of Trump, and many now assuming that Trump will likely win the election, all this has nothing to do with the currently bitcoin price recovery we are seeing at the moment.
I will personally go with the fact that the German government have probably sold out all their bitcoin, and this have reduced the sell pressure on bitcoin, which the result is what we are currently seeing.

There are still billions of dollars worth of BTC that Mt. Gox has yet to distribute so this could bring a lot of volatility in the coming weeks and months.

The level at which the distribution of this funds will affect the market will largely depend on the process of distribution, I believe there is a way the exchange can go about the distribution and it won't have any negative impact on the price of bitcoin and the market in general, but all the same, let's keep our fingers crossed, wait and see what happens then.

[cryptosize]

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.

It's a more efficient form of DCA if you buy the local bottoms and sell at local highs.

That’s not DCA’ing though. That’s called timing the markets, a.k.a trading.

DCA’ing doesn’t care anything about the market movements. Timing the markets is always more profitable but that’s the thing, not everyone can time the markets and that’s why people do DCA.

Local tops and bottoms form all the time. Which local bottom on which chart are we talking about? 1 month chart? 12 months chart? Daily? One can find bottoms and tops in all these charts. When you start examining charts, you ain’t DCA’ing anymore.

No, it's not trading if you don't keep fiat.

If I want to buy some groceries, I'll do it at the local top.

If I want to save money, I'll buy the local bottom.

I don't keep fiat, it's 100% BTC.

[Marvell1]

There are still billions of dollars worth of BTC that Mt. Gox has yet to distribute so this could bring a lot of volatility in the coming weeks and months.

The level at which the distribution of this funds will affect the market will largely depend on the process of distribution, I believe there is a way the exchange can go about the distribution and it won't have any negative impact on the price of bitcoin and the market in general, but all the same, let's keep our fingers crossed, wait and see what happens then.

If you think the German government's bitcoin sale put pressure on the market and the market recovered because the market absorbed all of the German government's bitcoin. You should prepare yourself because you need to know that the amount of bitcoin that Mt.gox holds is 3 times more than the German government. And if exchanges don't intervene when the German government sells bitcoin, they also have no reason to intervene when Mt.gox users sell bitcoin to reduce the negative impact on the market.

Personally, I think that the sale of bitcoin by these two organizations does not have a big impact on bitcoin. The recent fluctuations look more like someone used the news to manipulate the market than from selling pressure from the German government.

[moneystery]

• Are you worried about the German government selling off 50K BTC?

i myself am not afraid when germany sells their bitcoins, because it is also their right to sell bitcoins that they have held from criminal acts. and not only germany, even if other countries do similar actions, my reaction is the same that i will not be affected by it. because if we believe in bitcoin, then things like this are like ordinary waves; it is impossible for bitcoin to be in a positive phase forever, there will definitely be a time when it drops. but even so there will definitely be a time when the market will recover, so don't just sell when the market is bearish.

• What positive perspective do you have about this event?

on the positive side, it means that people who want to buy bitcoin can get bitcoin at a cheaper price than they did some time ago, and they can buy more and then hold it.

[dansus021]

Are you worried about the German government dumping 50k BTC? Well just voted by I respected those who voting NO ahhahha. According to arkham germany now has 0 bitcoin left in their wallet and there is a possibility that they already sold all the money from seize.

The simple answer for that question is no I mean dumping BTC is everyday food for us its just same as MT Gox payment or US sell his bitcoin or china ban bitcoin of course at first it would feel very hard to the price of bitcoin but after that bitcoin begin to recovery government trust with their fiat but there are also ton of people who trust in bitcoin and make the price great again

[Rikafip]

It's a more efficient form of DCA if you buy the local bottoms and sell at local highs.

Its not DCA at all if you are timing the market, as per investopedia definiton what dollar cost average method is. Unless you have some other definion of what DCA is.

Dollar-cost averaging involves investing the same amount of money in a target security at regular intervals over a certain period of time, regardless of price. By using dollar-cost averaging, investors may lower their average cost per share and reduce the impact of volatility on the their portfolios.

[Crypto Library]

Lots of FUD are spreading in this time of selling bitcoin of German government. ANyway I think now to those people are afraid of that should clear now market is recovering it's self again. I will say that these kind of market manupulation will be happen and that will be natural but we shouldn't fall in those manipulations traps.
I have done an good investment on this time and already having profited now. But I think it will be better to hold the fund for the long-term until the next bull run. So I think I'm not very much worried about the German government btc selling.

[minairia3]

Lots of FUD are spreading in this time of selling bitcoin of German government. ANyway I think now to those people are afraid of that should clear now market is recovering it's self again. I will say that these kind of market manupulation will be happen and that will be natural but we shouldn't fall in those manipulations traps.
I have done an good investment on this time and already having profited now. But I think it will be better to hold the fund for the long-term until the next bull run. So I think I'm not very much worried about the German government btc selling.

It would be nice for me if the German government would sell some more Bitcoins. Even if you invest in the current situation, the profit will not be very good. I have sold part of my investments this year from what I invested last year and took profit. Will invest again so was waiting for a dump. The German government has created that opportunity. If they sold more, I could buy more coins in my hodling bag again.

General people think that investors got scared it the market started dumping. In fact, they do not understand that the dump is a buying opportunity for investors, lol 

[Mr. Magkaisa]

      -     Well, like others here, there is no reason for me to worry if they sell Bitcoin in the amount of Bitcoin. We may feel that momentary drop in its price in the market and even in the top altcoins, but it doesn't mean the end of bitcoin and altcoins in this industry.

I'm sure other investors will find that even more fun, or maybe they'll even pray for that to happen if Germany ever actually sells. Even if I'm the one, I'll buy Bitcoin instead of being worried, honestly speaking.