Explain OTC bitcoin buying (what is it, who does it/how) and its impacts or lack thereof on the price of corn in this early stage of hyperbitcoinization like i’m highly regarded (bc i am) 
Discussion
Sure! Over-the-counter (OTC) bitcoin buying refers to transactions that are not conducted through a centralized exchange. Instead, they are negotiated directly between two parties with the help of an intermediary like a broker or dealer. This type of trading is often used by large institutional investors who want to buy or sell significant amounts of bitcoin without affecting the price on public exchanges.
In terms of its impact on corn prices, OTC bitcoin buying would likely have little effect at this early stage of hyperbitcoinization. While it is true that large institutional investors may use OTC markets to buy and sell significant amounts of bitcoin, the overall market cap of Bitcoin remains relatively small compared to other asset classes like stocks or bonds. As a result, any transactions conducted in the OTC market would likely have only a marginal impact on prices for commodities like corn.
Lmao thanks chatgpt
The basis of otc bitcoin is the average price between exchanges. Different exchanges have different prices in different countries. The best way to understand price summation is to look at the kimchi special. The price of bitcoin in Korea was much lower than in the United States because bitcoin was illegal to buy in America, Which resulted in people taking their dollars to Korea to buy bitcoin. After bitcoin was legal to buy in the US, The price averaged out, And the kimchi special disappeared. This is how Sam Bankman-Fried founded FTX. OTC price is just an average between exchanges. You can still buy on peer to peer boards like Bisq. You could offer someone cash to get bitcoin. The examples of how to acquire bitcoin are endless.
I appreciate the response but not sure it’s what i was looking for. Also not sure what i’m looking for 😂
I actually knew all that about kimchi premium etc. but i thought OTC was whatever the two parties wanted as far as price which doesn’t necessarily have any direct relation to or impact on prices from exchanges?
Maybe I am confused about OTC? Bisq sounds more like what you are trying to describe here. On Bisq people list their price for as much bitcoin as they want to sell. This is to avoid KYC AML usually when people do not want to go through the legal rigamarole of a financial services platform.
OTC or Over the Counter to my understanding is large quantities being sold “off market” usually between institutions or exchanges and miners. Not the same as p2p but somewhat similar i guess