Oddbean new post about login | logout #Germany could have sold all its #Bitcoin OTC without influencing the market price and making significantly higher profits for taxpayers. But these idiots sold directly into the market like an emotionally driven brainless trader who needs to finance his crack addiction.
No man may be smaller than his money. Ayn Rand
It applies even more on burreaucrats acting with money that is not theirs, see Mises.
I know him very well.
I am sure You do.
All to crash Price, they’re so dumb they think it’s an attack most likely.
I don't get it. OTCs could have bought on the market so that the market price would not have been influenced. Anyway, I would guess that the seller uses Kraken, Coinbase and the like in order to avoid/transfer risk of violation of (inter-)state rules like AML, KYC etc.
Maybe they are doing it precisely to affect the market negatively
Can’t fix stupid!