Quote from: BTCETFInvestor on Today at 07:40:23 PM

Quote from: coolcoinz on Today at 07:26:39 PM

This will most likely be an OTC buy because otherwise it would make us go to ATH, unless this is a slow process where they try to only buy out large sellers, to avoid triggering a big move. We are close to a new ATH though. Makes me wonder how much of it is a FOMO rally of people who read the article and how much the real buy order from Nakamoto.

According to the article "He plans to use VWAP trading to minimize market impact." What does it mean? It's honestly the first time I hear of this term and a quick search tells me that it's an average price indicator. So it's like they're telling the world they don't want to pump the price, but they announce how much they're going to buy, which surely is going to pump it? Strange logic.

Clearly buying $1 Billion Bitcoin is going to take some lengthy period of time...

VWAP trading refers to using the 'Volume Weighted Average Price' (VWAP) as a tool to guide trading decisions, particularly in intraday trading. VWAP represents the average price of a security over a specific period of time, weighted by the trading volume. Even so, that should push BTC's price up...

What they mean to say with this is that despite the announcement they have not bought this amount of Bitcoin and for all we know it could take them weeks or months to complete it. So what exactly is news here? I announce today that I will buy up $500 trillion worth of Bitcoin, I don't know how much time it will take me. I will start with $1 per day. Can someone write an article about me too? Cheesy

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