Reminder Remind yourself that it's better to secure a reaso | Puke on Binance Square

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Reminder Remind yourself that it's better to secure a reasonable profit than to chase bigger gains and risk losing it all
#remmember #reminder #satoshi #TipCreator #TricksOfTrade 

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.1. What impact could the DOJ's decision to sell the seized Bitcoin have on the cryptocurrency market, particularly Bitcoin's price and investor sentiment? #DOJBTCAuction The DOJ's decision to sell a substantial amount of seized Bitcoin could significantly impact the cryptocurrency market. A large sale of Bitcoin, especially when publicly announced, often leads to market volatility. Investors may perceive it as an oversupply, causing short-term downward pressure on Bitcoin's price. Additionally, market sentiment might shift as traders anticipate further sales or view the auction as a signal of increasing government involvement in the crypto space. However, the sale could also boost confidence in institutional-level handling of cryptocurrencies, reinforcing their legitimacy as an asset class. Long-term effects would depend on the method, timing, and frequency of the liquidation process. $BTC

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#DOJBTCAuction ... The U.S. Department of Justice (DOJ) has received court approval to liquidate approximately 69,370 Bitcoin, valued at around $6.5 billion, seized from the Silk Road darknet marketplace. This decision concludes a prolonged legal battle, notably involving Battle Born Investments, which sought to delay the sale and uncover the identity of "Individual X," the person who surrendered the Bitcoin; their efforts were unsuccessful. The DOJ argued that the inherent volatility of Bitcoin necessitated a prompt sale to preserve value. Market reactions have been swift, with Bitcoin's price experiencing a brief dip from approximately $95,000 to $93,800 following the announcement. The U.S. Marshals Service is expected to oversee the liquidation process, though specific details regarding the sale's timing and method have not been publicly disclosed. This event marks one of the largest sales of seized cryptocurrency to date, potentially influencing future government policies on digital asset management. .... $BTC

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