Quote from: Cryptmuster on July 09, 2024, 08:28:41 AM

Quote from: btc78 on July 09, 2024, 06:12:02 AM

Mt. Gox has started repayments in Bitcoin and Bitcoin Cash. It is not specified just exactly how much have been distributed and how much there is left however the decline of price of Bitcoin these previous days can be attributed back to this.

Additionally, Germany have also sold a huge chunk of their seized bitcoin in an operation against a piracy site last active almost over a decade ago. The exact reason why is unclear however many suspects that Germany is trying to liquidate the Bitcoins they hold to stabilize their economy. Despite a huge sell out, Germany still holds almost 30,000 bitcoins.

These two events contribute to the decline of bitcoin's price. Frantic investors have all sold their bitcoin in fear but if you know better, you know this is the right time to buy and accumulate as much bitcoin as you can.

Where did you get the information that Germany sold its bitcoins?

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A “German Government (BKA)” labeled cryptocurrency wallet has sold another $900 million worth of Bitcoin, sparking fears that the related selling pressure will push the BTC price lower.

This is among many news I have read the past day. This one is from this article.

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If I'm not mistaken, they just moved a small amount of them to several exchanges, but hasn't sold them yet.

It has been reported that Germany still has many bitcoin that they hold and they will continue to transfer them out of their holdings and into exchanges. Even though some of it has not been sold yet it feels inevitable at this point as it is clear that selling these bitcoin is their intention after all.

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The same goes for Mt Gox, are you sure they have started paying out?

Indeed we don't know that for sure as I have not yet heard anyone of receiving repayment unless someone else did. Regardless, I think it definitely has some impact on the market no matter how miniscule.