Trump's Bitcoin advisor David Bailey to execute $1B Bitcoin buy tomorrow

[BTCETFInvestor]

What exactly is the point of these threads? No one in their right mind trusts what the clown Trump and his puppet administration say or do regarding cryptocurrencies like BTC etc and the market price movement(No Reaction) has pretty much proven that.

There is nothing interesting about these sort of moves which is why it's all pointless speculation.

That sounds like something an ignorant person from Dhaka, Bangladesh might say!


That clown as you refer to him is the most powerful human on planet Earth!

[Dareo]

It is a big buy for Nakamoto Holdings Inc, as they are working on the final details of their merger with KindlyMD, correct me if i am wrong but i believe this purchase will happen after the merger is complete.

However, reading the vision and ideas of Nakamoto Holdings, it is obvious that it is going to have a good impact on BTC, especially in the long run. Some of these visions are accumulating BTC as a reserve asset, going public and as such giving investors exposure to BTC through stocks, etc

You are right the purchase will presumably occur after merger will be concluded. According to what I read regarding Nakamoto Holdings and their intentions it appears that they have a long-term plan, which can be deployed towards the adoption and image of Bitcoin in the market place. Building up BTC as reserves on the balance sheet only further lends credibility to Bitcoin as a store of value and once they go public this will allow traditional investors a less strenuous route to gain exposure without having to buy Bitcoin directly. Such a move is also likely to get the attention of the media and this increases awareness. Provided they are done right it might impact the price of the Bitcoin and the confidence in the market favorably in the future years.

[avp2306]

Be it 1 bill or 763k of $, the effect would remain the same for the people that follow headlines rather than technicals or BTC overall, don't you think?  

~2 days later and the market has not shown any kind of reaction to this news considering price movement is the same as before. This means regardless of its size, this article is as meaningless as the exaggerated title OP chose

Are you surprised about that? Od course you won't be surprised as we all know that the US don't buy bitcoins, for all the bitcoins in their custody has been those they seized as a result of some relations with alleged criminal connections to the coins. If this news were coming from countries like El Salvador or Pakistan we would have seen price taken some uptrend move because they are countries that actually buys and stack BTC.

It's wonderful that you've earned four merits for not understanding anything, just like almost everyone else who has commented on the thread, starting with the OP. The fact that Bailey is making a purchase for the Nakamoto company, and that he has a relationship with Trump, has nothing to do with the US buying or not buying bitcoin, but you and the others continue to do your thing. I foresee a multipage thread with multiple comments following mine criticizing how the alleged (and false) US purchase has not affected the market.

They are been mislead and  Trump doesn't have any involvement in this purchase. The person is a crypto advisor of Trump and maybe some people are just been hype then think about the involvement of President this decision.

But the fact that this purchase is for Nakamoto Inc. I think the accumulation is the same with other did on which they create a Bitcoin Strategic reserve for their company.

They better read the article they are showing, so that they could understand the content and other context of their planned Bitcoin accumulation.

[Son Of Blockchain (SOB)]

It's wonderful that you've earned four merits for not understanding anything, just like almost everyone else who has commented on the thread, starting with the OP. The fact that Bailey is making a purchase for the Nakamoto company, and that he has a relationship with Trump, has nothing to do with the US buying or not buying bitcoin, but you and the others continue to do your thing. I foresee a multipage thread with multiple comments following mine criticizing how the alleged (and false) US purchase has not affected the market.

The US have not officially come out to say they're buying yet, I know same people would think the executed $1b is indirectly the US buying the reserve but they forget that Trump was already a business man before he held position of the Presidency and can decide to invest from his own pocket into the Nakamoto company like you said.
 Also there's no way that US would buy the reserve that the market won't be affected in a positive way it's not possible, that alone should've helped them understand what played out,El Salvador and Pakistan are smaller economies once the big boys come out in public to say they want to act like El Salvador the market would definitely be moved.

[aylabadia05]

<snip>

Are you surprised about that? Od course you won't be surprised as we all know that the US don't buy bitcoins, for all the bitcoins in their custody has been those they seized as a result of some relations with alleged criminal connections to the coins.

Not many people understand how Bitcoin news is perceived in that country, including where their current Bitcoin comes from.
Of course, those of us here won't be surprised by Bitcoin news in America.

If this news were coming from countries like El Salvador or Pakistan we would have seen price taken some uptrend move because they are countries that actually buys and stack BTC.

It doesn't necessarily impact prices when such news comes from a country other than the United States. This is because market reaction depends on investors' level of confidence in using their money.
Even during wars, the negative impact on market prices is not significant.

[Odohu]

Be it 1 bill or 763k of $, the effect would remain the same for the people that follow headlines rather than technicals or BTC overall, don't you think?  

~2 days later and the market has not shown any kind of reaction to this news considering price movement is the same as before. This means regardless of its size, this article is as meaningless as the exaggerated title OP chose

Are you surprised about that? Od course you won't be surprised as we all know that the US don't buy bitcoins, for all the bitcoins in their custody has been those they seized as a result of some relations with alleged criminal connections to the coins. If this news were coming from countries like El Salvador or Pakistan we would have seen price taken some uptrend move because they are countries that actually buys and stack BTC.

Indeed the US does not buy Bitcoin because even the much talk about Bitcoin strategic reserve by the orange man been big talks all along, no real action. By now I was thinking that the US would have acquired a lot of Bitcoin given those exaggerated talks. From what I have seen so far, the US have no plans of directly purchasing Bitcoin as a government. 

[BTCETFInvestor]

Be it 1 bill or 763k of $, the effect would remain the same for the people that follow headlines rather than technicals or BTC overall, don't you think?  

~2 days later and the market has not shown any kind of reaction to this news considering price movement is the same as before. This means regardless of its size, this article is as meaningless as the exaggerated title OP chose

Are you surprised about that? Od course you won't be surprised as we all know that the US don't buy bitcoins, for all the bitcoins in their custody has been those they seized as a result of some relations with alleged criminal connections to the coins. If this news were coming from countries like El Salvador or Pakistan we would have seen price taken some uptrend move because they are countries that actually buys and stack BTC.

Indeed the US does not buy Bitcoin because even the much talk about Bitcoin strategic reserve by the orange man been big talks all along, no real action. By now I was thinking that the US would have acquired a lot of Bitcoin given those exaggerated talks. From what I have seen so far, the US have no plans of directly purchasing Bitcoin as a government.

That orange man as you call him is the most powerful human on planet Earth! 

He has directed the Director of US Treasury, Scott Bessent, take care of the US Bitcoin Strategic Reserve. It will be done in due time. It was never expected to already happen!   

[Wakate]

This will be interesting!

Trump's Bitcoin advisor David Bailey to execute $1B Bitcoin buy tomorrow, Tuesday, August 12th!

► https://cryptobriefing.com/trump-bitcoin-advisor-smash-buy/

Were you part of the propaganda to shift the amount from low level to higher high lol.
The United States through Donald Trump like to manipulate the market just to see more profits hit their initial investment. We are not gullible and people really know the actual amount but I won't be surprised to see that the true amount has been inflated.
Since this is meant to pump the price of Bitcoin, perhaps I would not ponder much I've seen the media like creating unnecessary fake news or will I call it hype or something unnecessary. So if we don't really know about this, the news would have made us keep pondering whether to accumulate or to relax a little.

[coolcoinz]

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.

[BTCETFInvestor]

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...

[tabas]

That clown as you refer to him is the most powerful human on planet Earth!

No doubt that Trump is very influential, but not maybe the most powerful human on this planet, or could be one of them.

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.

That sure is a strange logic in there. Every time that there's an announcement and headlines are exaggerating their plans, it is obvious that they want people to get excited over it and try to manipulate the price. And it seems effective as the bitcoin's price starts to increase more but this isn't just all about this purchase but could have been one of the triggers. But more likely, the price motion now is due to CPI.

[bullbandit9]

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?  

[BTCETFInvestor]

Ignorance is very apparent with some people here! 

[bullbandit9]

Ignorance is very apparent with some people here! 

It can't be that this whole article is stupid, can it? Everyone else is wrong, you are right. Stuck at the level of development of a 5 year old child. Or you are just mad that your merit farm attempt failed. One of those two. 

[BTCETFInvestor]

Ignorance is very apparent with some people here!  

It can't be that this whole article is stupid, can it? Everyone else is wrong, you are right. Stuck at the level of development of a 5 year old child. Or you are just mad that your merit farm attempt failed. One of those two.  

Very immature of you little fella! Run get you diaper changed.     Where you are, probably some poor ass country that doesn't have diapers.  

[Maslate]

Be it 1 bill or 763k of $, the effect would remain the same for the people that follow headlines rather than technicals or BTC overall, don't you think? 

~2 days later and the market has not shown any kind of reaction to this news considering price movement is the same as before. This means regardless of its size, this article is as meaningless as the exaggerated title OP chose

It seems like the reaction came a bit late since Bitcoin had already started its run. Current ATH is around $123k (rounded off). That news probably moved the market, but the reaction still came after the fact. Better late than never, I guess.

Even without the exaggeration in the news from the OP, the price probably would’ve moved in that direction anyway.

[tread93]

So $763 million magically turned into “$1 billion” just for the headline? Yeah, I guess rounding up by a couple hundred million makes it sound fancier.

It’s still a huge buy, no doubt, but come on… just say the real number. No need to dress it up like it’s some record-breaking move.

Trump’s crypto adviser to ‘smash buy’ $762M of Bitcoin this week

Headlines love to hyperbolize stuff.

 

But when it gets to the point of misleading people, that’s a problem. This kind of news is huge, it’s basically a green light for people to start buying. And you know how it is in crypto… the moment they hear big money is coming in, trust levels go up and everyone piles in.

Today was an insane purchase date for crypto investors! Witnessing history with a fresh new ATH was so much fun to see that as well. I feel like bitcoin is about to just shoot up like crazy and we are headed for some epic gains!

[Negotiation]

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.

That sure is a strange logic in there. Every time that there's an announcement and headlines are exaggerating their plans, it is obvious that they want people to get excited over it and try to manipulate the price. And it seems effective as the bitcoin's price starts to increase more but this isn't just all about this purchase but could have been one of the triggers. But more likely, the price motion now is due to CPI.

This type of news confuses people a lot price fluctuations do not depend on a single factor it is the combined result of many factors. Just as a large purchase announcement can act as a trigger for a price increase so if the CPI report comes out as expected, and at the same time someone announces that he will buy a large amount of bitcoin then it becomes difficult to understand who is the real driver behind that excitement in the market.

[pooya87]

Be it 1 bill or 763k of $, the effect would remain the same for the people that follow headlines rather than technicals or BTC overall, don't you think? 

~2 days later and the market has not shown any kind of reaction to this news considering price movement is the same as before. This means regardless of its size, this article is as meaningless as the exaggerated title OP chose

It seems like the reaction came a bit late since Bitcoin had already started its run. Current ATH is around $123k (rounded off). That news probably moved the market, but the reaction still came after the fact. Better late than never, I guess.

Even without the exaggeration in the news from the OP, the price probably would’ve moved in that direction anyway.

Exactly, the price would have moved in that direction, definitely.

That is clearly not a reaction to this news (again it doesn't matter if the news is correct or not). We have had this sideways trend with tiny rises for a while now. Price reaches a new ATH or breaks some major resistance, then it comes down in a "correction". After a while, it starts rising back up again to "retry" breaking more resistances and fails a couple of times until it breaks it and sets a new ATH.

Something roughly like what I drew on this daily chart:


If the market were to actually react to this news (or any kind of news like it) the price should have moved up (or down for negative news) significantly. Meaning for example in this case price should have reached at least $130k+ territory on the same exact day it was spread on the internet.

That orange man as you call him is the most powerful human on planet Earth! 

Now that's comedy gold

[betswift]

Today was an insane purchase date for crypto investors! Witnessing history with a fresh new ATH was so much fun to see that as well. I feel like bitcoin is about to just shoot up like crazy and we are headed for some epic gains!

More to come.

This rally brings more and more to the table, and it isn't stopping till we are high enough..And I am ready to hodl through it.