Post
Topic
Board Bitcoin Discussion
Re: Bitcoin moved by the US government
by
Catenaccio
on 15/08/2024, 10:12:05 UTC
One thing is for sure about these sort of transactions:

It does make the news for a time, afterwards, it dies out. It’s strange however, government having to make these deals with CEX.
Either they sell or not, it always doesn’t matter, the market is sure to absorb all of it and bounce back. A mare BTC10,000 that I don’t own wouldn’t be enough to cause a market crash.
News change from old bitcoins to bitcoins under control of governments. They are nearly the same, as transactions can be done for wallet switches or preparation for sales later.

Do governments want to do this, move their Bitcoin transactions, to fud and manipulate the market?

Only governments know intention of their activities but we only can know when they already sold their coins. At times of transactions, we are uncertain about next movements of these entities but to be sure, if those coins will be sold, market can survive and move next into the future. No need to feel panic when someone, some entities sell their bitcoins if we know and believe that Bitcoin will exist for a long time. I don't know how long but it won't die soon or die by any sales from governments.