I don't speak German, and my English is bad too, sorry.
(I know there is a little delay, sorry about that too).
More info:
FAQ: 

Q: Where is 1:51 from?
A: 1:51 is from Movie 6, Baron Omatsuri and the secret island.

Q: Is there an english version of this song?
A: No, its like 99% there is no english version of this song.

Q: Why is the english lyrics translation so bad?
A: I don't know, I googled it.

Lyrics below:

Music:
One Piece - Die Legende (One Piece OST Collection) (also One Piece German Opening 1)
Groove Addicts- Exhale (outro)

German lyrics: http://www.magistrix.de/lyrics/One%20Piece/Die-Legende-104771.html

English lyrics translated by XxXTheRemixXx

Always follow the clouds
A legend on the track
Your path leads you across the sea

You've selected the team,
To find track down the secret
You know you can count on everyone
When you lead them
Your friends will accompany you on this journey

Ohhhh One Piece!
Na-na na na, na na na na na na
One Piece!
Na-na na na, na na na na na na
One Piece! pursue your dreams
One Piece! The wind drives you out to sea


English lyrics i found on the internet:

Cloudy blue skies always above
A legend is forming as we sail
We turn and face the sea ahead

Only true dreamers board this ship
Fighting together with one goal
United and leaning on our friends
We're leading each other to the gold
You look behind, you'll see the smiles, everyone has been waiting

Ohhhhhhh One Piece, nanananananananananananana
One Piece, nanananananananananananana
One Piece, pursue that dream you hold within
One Piece, go out to sea, follow the wind

Chasing the treasure of the seas
We struggled and sought to reach this goal
Pushing each other through the pain
Together you led us to the gold
You look behind, you'll see the smiles, everyone has been waiting

Ohhhhhhh One Piece, nanananananananananananana
One Piece, nanananananananananananana
One Piece, pursue that dream you hold within
One Piece, go out to sea, follow the wind
One Piece, pushing each other through the pain
One Piece, chasing the treasure and the fame

Ohhhhhhh One Piece, nanananananananananananana
One Piece, nanananananananananananana
One Piece, pursue that dream you hold within
One Piece, go out to sea, follow the wind
One Piece, pushing each other through the pain
One Piece, chasing the treasure and the fame

Ohhhhhhh One Piece
 
Watch in HD.

Sorry for delays, and bad quality.

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