I agree 100%.

This is seized bitcoin, meaning it's a fake sell pressure. If you had someone who bought it and is now selling with a loss just to get rid of it, that would be worse.
It's very easy to sell something below it's value if you haven't paid for it, which is why people often dump inheritance and similar stuff, not knowing its real value.
The only problem I see with Germany is that they're manipulating the market by pulling back from exchanges and sending it back again the next day.

As for the fear and greed, it's just a delayed sentiment indicator that relies on price, but also other stuff like social media. IMO it's worthless. It shows you something you're already aware of.
Bitcoin goes up for a few consecutive days and over 50% you're going to be in extreme greed again.
Also, the funniest shit about fear and greed is that it often was in extremes for weeks, if not months. For instance, check how it hit extreme fear of 14th in May 2021 and on 20th July it was still below 20. So it stayed in the lows of extreme fear for 2.5 months! What does it mean that we're in fear now? We could be in greed next week, or still in fear next month. Why do people even check this?

Why would I be worried? I held bitcoin when it fell to 3k in 2020, I held it at 16k in 2022. What's the worst that can happen now? It all crashes to new lows of $49k?
It's going to by at a new ATH by the end of the year, worst case in early 2025. Worth the wait if you ask me.
Think of what you have to lose right now vs what you can gain. If you bought at 60k you will never be down more than 30% because that's already way below the mining cost and 200 WMA.
In 6 months the 200WMA is going to be at 40k.
What's the best that can happen short term? Bitcoin will 2x in the next run up, reaching over $100k per coin. You have to decide if this is OK with your plans or not.

No, I am not worried about the German government selling off 50k BTC because the Bitcoin market has the ability to rebound and even record new ATH when it rallies coming from a dip.  The Bitcoin history shows how Bitcoin recovers when it gets dumped.


The positive perspective i have in mind in this event is that people is given a chance to accumulate.  Those who had sold their BTC at the higher price can re-enter the market adding more support to the demand.  The current market drop is also a good time to DCA.


Who in the right mind will sell when he knows that the incoming Bitcoin rally to a new height is coming?  Besides, it is not all negative news in the past several months in fact this March BTC recorded its new ATH and was hovering above $60k before this current dump.

Actually, I'm thankful they've caused this price drop. I never thought we would see Bitcoin below $60k again. How could I have expected a nation to suddenly dump $3 billion worth of Bitcoin into the market? The Bitcoin price is predictably unpredictable, as always. 

I will never understand why anyone would sell the most precious thing on Earth for a piece of paper that can be printed out of thin air. (And is being printed like that, already.)

The recovery has started and we will see Bitcoin breaching its new ATH in some months. This is a phase that everyone knows Bitcoin goes through after creating a new ATH. It might be new for those who have recently started where as it is a fact that Bitcoin price always reacts in the same manner whenever it comes up after halving. This year would be the first when Bitcoin created a new high it is still hovering around $50K price. A lot of money if coming in the form of ETFs & I am convinced that it will continue as the rich have got the opportunity to control Bitcoin with ETFs.

I personally no worried about the current market conditions and in fact more and more people are entering. This is just a mental battle, if you get used to it, I think this is a normal condition and only a market correction afterwards BTC previously rose high and of course it is not forbidden to sell our holdings if we already have it. However, I believe that the government there has a further plan for what has been done to realize their Economic Policy as well as what has been planned before although some of them have also suggested not to sell all their BTC shares for a while and keep them as reserve assets.

I welcome with open hands every Black Friday sale.

Especially when no-coiners (and even Bitcoin newcomers) start pestering me about "why does Bitcoin drop?".

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)
Green = sell (DCA out)

I agree that they probably already had processes in place for how to handle seized funds and this wasn’t some decision someone made because they were speculating about price and future events. Sure, it’s a huge mistake and they’ll regret it, but I also wouldn’t doubt if they begin accumulating BTC according to their rules at some point as well.

No? Why would I? It is their loss if they still want to sell from these prices and as you probably see, we are already recovering from the recent dump so It looks like the German gov bamboozled themselves. The coins are always moving from the weak hands to strong hands. The German gov sold, it means there is 1 less weak hand in the markets and many more strong hands. Lots of people bought them cheap coins thanks to the German gov. Their sacrifice will not be forgotten.

I'm not worried about the temporary price effect of selling bitcoins held by someone. I don't think the whole bitcoin market will collapse if they sell bitcoins. If there are buyers for Bitcoin there is no chance for the price to drop at any stage. There has already been an assumption that Bitcoin will fall in recent times, and it is not unusual for a small price drop to occur during long bullish periods, and any event during that time is responsible for a major fall in the crypto market. But in reality such decline was normal. That is, if the market is bullish, there will be price correction. Can't say dump for any other reason. Also, there is a huge supply of bitcoins in the entire world and I would never see it hard for the German government to sell some bitcoins.