German Government completely sells off all its bitcoins.

[passwordnow]

Finally, the FUD about them that keeps on dumping the Bitcoins that they're holding will now have its final saga and ending.

Fortunately - this will play into the hands of us who practice DCA and Buy-the-dip.

Most likely that it went to the institutions that have been thirsty of accumulating more. But you're right, they're also one of those that practices DCA and will always want to buy during the dip. So, they have to thank Germany for that. What's next? the Mt GOX FUD and Germany sell off probably can't break Bitcoin's resistance now.

[tux1975]

the German government is selling the Bitcoins because they need money to fix their mistakes ....
At the moment we have the stupidest criminally corrupt government since World War II in Germany 

[rodskee]

I see some people reporting that on Twitter but is it considered as sold simply because the funds are no longer in their cold wallet which is what the Arkham intelligence page is checking from my understanding? I mean the bitcoin could simply be sitting on whatever exchange they sent the funds to, and still have not been sold yet. Right?

yup that is true but the move alone made everyone think that they indeed have the intention of selling and Germany having that much bitcoin to sell scared people off and started taking out their bitcoins in fear that it will go down once Germany finally sells all their bitcoin

selling that much btc all at once might have some significant effect to the market but I doubt they will sell it all off

[Iranus]

If its the case that the German government have indeed sold off their Bitcoin I
celebrate it with gusto. I mean its a distraction and sends some people crazy with
panic, the same with MtGox coins. The sooner the better all is resolved IMO.

Unfortunately - there will be many more government seized coins sold off in the
future which will have effects on the markets.

Fortunately - this will play into the hands of us who practice DCA and Buy-the-dip.

There are actually many organizations that hold large amounts of bitcoin and they can also sell bitcoin to the market at any time, you don't need to wait for the government to confiscate and sell. And those who feel scared every time a large amount of bitcoin is sold on the market will always have to live in fear because it is part of this market, Fud will always appear whether we are in a bear market or a bull market.

Most of us say we are long-term investors but what I see is that people are concerned about the German government or Mt.gox selling bitcoin and worse, they are panicking about it. Meanwhile, if we are truly long-term investors, we need to take advantage of this opportunity to buy rather than panic.

[Ultegra134]

yup that is true but the move alone made everyone think that they indeed have the intention of selling and Germany having that much bitcoin to sell scared people off and started taking out their bitcoins in fear that it will go down once Germany finally sells all their bitcoin

selling that much btc all at once might have some significant effect to the market but I doubt they will sell it all off

That is possible, but to be honest, I doubt that the sale of $3 billion worth of bitcoin is going to have any significant effect on the market. Yes, as the OP noted, Bitcoin suffered a loss of over 12% within a short time frame, but that doesn't necessarily mean it was caused by the sale itself; the FUD from the incident likely caused more. On top of that, this minor market crash didn't last long enough to become a worrisome issue; it's currently at $58,500 as we speak and rising. I'm not sure if we can confirm whether or not the German government has been selling their coins, but despite what's the case, I doubt it's something to worry about.

[avp2306]

Finally, the FUD about them that keeps on dumping the Bitcoins that they're holding will now have its final saga and ending.

Fortunately - this will play into the hands of us who practice DCA and Buy-the-dip.

Most likely that it went to the institutions that have been thirsty of accumulating more. But you're right, they're also one of those that practices DCA and will always want to buy during the dip. So, they have to thank Germany for that. What's next? the Mt GOX FUD and Germany sell off probably can't break Bitcoin's resistance now.

That fud didn't get much bigger effect since people realize that its just a small picture to get afraid off. For sure what El Salvador announced that they keep accumulating no matter what situation happen make people realize that bitcoin still doing a good thing. So now hopefully many people realize that those news about Germany actions to dump bitcoin is just been used to spread fud then scare people. So I guess what's next thing to use is that Mt Gox fud since for sure that they will take advantage about those possible refund that might happen in future then scare a lot of people that there would be a huge dump will happen especially if lots of people will get their refunds.

People need to be prepared on next possible attempt so there's no other disturbance towards their investment plans or created strategy on bitcoin.

[buwaytress]

So that's it? No crazy price dump? No mass exodus of Bitcoin from others? No gnashing of teeth and tearing out of hair? The rumourmongers were pointing scary faces at this + Mt Gox. Where massive crash?

And no, the current flailing can't have much to do with Germany -- Bitcoin's copycatting the stockmarkets is all, normal behaviour.

[Vickysagar]

the German government is selling the Bitcoins because they need money to fix their mistakes ....
At the moment we have the stupidest criminally corrupt government since World War II in Germany 

They sold it because they had to. All that BTC was seized from criminals.

[Kelward]

I see some people reporting that on Twitter but is it considered as sold simply because the funds are no longer in their cold wallet which is what the Arkham intelligence page is checking from my understanding? I mean the bitcoin could simply be sitting on whatever exchange they sent the funds to, and still have not been sold yet. Right?

Two things are involved: either it was completely sold or it was moved to another wallet. Whatever be the case, it generated negative market sentiment and the market responded accordingly. If the coins were deliberately moved to another wallet, the purpose will not be far from market manipulation like many people suggested when this whole thing started. They did not dump outright, instead, they were selling and also buying. Nevertheless, with empty wallet at this point, there are high chances they sold off.

It's true that whether the German government sold their Bitcoin off or they perhaps deposited them on exchanges, it has generated a negative impact in the market. This goes to show that news is one major factor that affects Bitcoin demand and supply, hodlers reacts to these news either to panic and sale or FOMO and buy. I tend to agree with the members who are of the opinion that it's most probable that they sold off all their Bitcoin. Whether it's whales that are offloading their bags, institutions or governments, it's effect on Bitcoin price will only be for the short term, so I'll just hodl and wait for bull run.

[Darker45]

I am seeing $60,000 very soon. $3 billion worth of Bitcoin dumped to the market within a considerably short period of time and it didn't really shake the market. There was of course an expected dip but I don't think that was solely caused by the Germans. I'm sure the news of Mt. Gox refund has also contributed a lot. And then there must also be weak hands and newbies who have been carried away by the red charts and sold out of fear, anticipating a much worse correction.

The rebound is already starting.

[GbitG]

Actually I don't care about the news of Germany selling all its bitcoins, the German government has the right to do that, which is clear don't panic bitcoin will still return to a high price.

As after the German government sent all bitcoin to the exchange I did not see any selling pressure, maybe from this decline it has been affected in the last few weeks, some say the sale of German bitcoin to OTC so it will not affect the price.

Hold tight! Although there will be FUD news later, don't panic too much, that's all.

Hmm, yep mate !
Your points are absolutely right that's why we don't have to panic. We just need HODL !
 
And in fact, if we do a deep dig, your point fits perfectly that the price will surge. These people, that is, the German Government, have no certainty that they will definitely sell their Bitcoin. I think it could be a short trap for those people that the German Government transferred their Bitcoin Exchanges to make people believe. That is, people will think that the market will dump now, when instead of selling, they will try to buy Bitcoin with weak hands.

Therefore, I think that your words need to be adopted, that is, it should not be pani. just HODL! It would be better to do it because it can also be a trap.

[mirakal]

Be it German government has sold their coins or not, we have seen situations worse than this in the past but bitcoin remain an appreciating asset.

Germany should do whatever they like to the coins but bitcoin is here to stay and increase in price again.

We are all capable what to do with our own bitcoin, and that's what German government is doing right now. Their coins, their decision to sell off everything, and we don't have control on that. What we can only hold is our own coins. But nevertheless, bitcoin will always be bitcoin, it will dump but it will eventually pump again, so there's nothing to worry with it. Just buy and hold more in instances like this, but never resort to selling as you will certainly at a loss.

[As-Soon-As]

I see some people reporting that on Twitter but is it considered as sold simply because the funds are no longer in their cold wallet which is what the Arkham intelligence page is checking from my understanding? I mean the bitcoin could simply be sitting on whatever exchange they sent the funds to, and still have not been sold yet. Right?

Yes I believe your comment because there is still no real news if the German government is selling bitcoins. But they sent all from it to the exchange wallet but the sale reflection is still not available. But the news of them sending bitcoins in a few steps spread on social media.  But now bitcoin is being dumped at present, and there may be other reasons behind this dumping. 
But naturally I think the German government is to blame for the present moment.

[Solosanz]

I mean the bitcoin could simply be sitting on whatever exchange they sent the funds to, and still have not been sold yet. Right?

There's no point to send the coins to centralized exchange when they have no intention to sell, if they think centralized exchange is a safe place, they would have moved the coins to CEX before.

So that's it? No crazy price dump? No mass exodus of Bitcoin from others? No gnashing of teeth and tearing out of hair? The rumourmongers were pointing scary faces at this + Mt Gox. Where massive crash?

And no, the current flailing can't have much to do with Germany -- Bitcoin's copycatting the stockmarkets is all, normal behaviour.

The actual effect from German Government to sell their coins is really small, but the effect from the medias and other people who pointing out German Government are selling their coins is really huge, because there are so many people invest in Bitcoin by relying on so called best financial advisor, best Bitcoin investor etc.

[YUriy1991]

the German government is selling the Bitcoins because they need money to fix their mistakes ....
At the moment we have the stupidest criminally corrupt government since World War II in Germany 

Maybe yes. but I think it's probably only a small scale. take a good look at Germany, they are included in the top 5 countries with the largest gold supplies in the world to date. If they want, just release a few percent to the problem caver and why should BTC be released in the near future by them.

[CageMabok]

Maybe yes. but I think it's probably only a small scale. take a good look at Germany, they are included in the top 5 countries with the largest gold supplies in the world to date. If they want, just release a few percent to the problem caver and why should BTC be released in the near future by them.

If you ask why the German government had to release this amount of Bitcoin, of course there are many answers to that because I also read news about the sale of Bitcoin being the result of a confiscation carried out by the German government itself. Apart from that, there is also other news which says that the German government is also ready to buy back Bitcoin under $60K for them to hold, although it is not stated how long they will hold it. You can read in two different articles that I will share here with you

• https://www.liputan6.com/crypto/read/5635347/
• https://www.binance.com/id/square/post/10739343273938

[arwin100]

Be it German government has sold their coins or not, we have seen situations worse than this in the past but bitcoin remain an appreciating asset.

Germany should do whatever they like to the coins but bitcoin is here to stay and increase in price again.

We are all capable what to do with our own bitcoin, and that's what German government is doing right now. Their coins, their decision to sell off everything, and we don't have control on that. What we can only hold is our own coins. But nevertheless, bitcoin will always be bitcoin, it will dump but it will eventually pump again, so there's nothing to worry with it. Just buy and hold more in instances like this, but never resort to selling as you will certainly at a loss.

Maybe they are just securing there profit since they are already happy with currently what they get for now. But since they already tested out to acquire bitcoin as part of investment in their country then provably that they still have a chance to accumulate again in future.

But for now lets stick to the fact that even if that case happen the  fud spread by some articles didn't work out and we see bitcoin rising at $60k price level. That indicates that people need to chill out on some news they are reading especially if the intention is to spread fear since what they think will not happen if lots of people will just think that what those people do is just normal scene happening in crypto.

[MarjorieZimmermanGinger]

My take on this; is that around $3B worth of bitcoins were sold and it just dumped the price by nearly -12%. i don’t even think it’s the sell pressure that took bitcoin to this level i think it was the fud from it and the whole Mt.Gox sell.

This is to tell you that bitcoin can’t just be manipulated like other Altcoins. This is more than enough bullish news to hold on to bitcoin and don’t be chicken out by FUDs

I don't have any data to convey and maybe the bitcoin was moved and not completely sold. Who knows? But the part that stands out the most and I love that bitcoin can't be manipulated like altcoins and that makes things even more exciting doesn't it? The level has dropped in the last few days and I don't think anything of it. But to be honest I would have liked a sharper drop to be able to take a much bigger buying opportunity.

It's just about selfishness and hope due to having spare money from previous sales. More precisely, hold on and don't think about anything when Bitcoin experiences a decline. The most important thing is not to get involved in panic because there is always a way for Bitcoin to recover.

[MinoRaiola]

Now it getting funny, German Government (BKA) receives BTC donations. The wallet now holds 289.25$. On twitter you can read how people makes jokes about it. One transaction has the message "HFSP". Meaning Have Fun Stay Poor . The media have publicized the sale of the 50,000 BTC and there are many who have noticed. And just as many may have noticed that there are now jokes about it. One good thing about it: the coins are now owned by hodler, not an authority.

Wallet overview: https://platform.arkhamintelligence.com/explorer/entity/germany


https://twitter.com/BTC_Archive/status/1812086942349041719

[fuguebtc]

My take on this; is that around $3B worth of bitcoins were sold and it just dumped the price by nearly -12%. i don’t even think it’s the sell pressure that took bitcoin to this level i think it was the fud from it and the whole Mt.Gox sell.

This is to tell you that bitcoin can’t just be manipulated like other Altcoins. This is more than enough bullish news to hold on to bitcoin and don’t be chicken out by FUDs

I don't have any data to convey and maybe the bitcoin was moved and not completely sold. Who knows? But the part that stands out the most and I love that bitcoin can't be manipulated like altcoins and that makes things even more exciting doesn't it? The level has dropped in the last few days and I don't think anything of it. But to be honest I would have liked a sharper drop to be able to take a much bigger buying opportunity.

It's just about selfishness and hope due to having spare money from previous sales. More precisely, hold on and don't think about anything when Bitcoin experiences a decline. The most important thing is not to get involved in panic because there is always a way for Bitcoin to recover.

Indeed, the data ARKM provided only tells us that they have transferred all bitcoin to exchanges. We have no evidence that the German government actually sold those bitcoins or that they just stored them on centralized exchanges. Even about Mt.gox, no one knows what's going on, have they distributed bitcoins or is everything still just a plan on paper?
These news negatively impacted the market but the market quickly absorbed the news and recovered. So it can be said that someone tried to manipulate the market but they did not succeed.

Bitcoin has dropped to 52k$ in this correction and compared to the highest ATH it has dropped more than 20%, if you haven't bought it yet, at what price will you buy bitcoin? I think $52k isn't a bad price to buy, but things have passed and if you don't buy, you're missing out.