Bakkt - page 6. | Bitcointalksearch.org

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: ePesoInitiative on September 25, 2019, 11:02:57 AM

Bakkt is a failed exchange launch - regulated means nothing for the Bitcoin price. And currently Bitcoin is still crashing at the moment to $8,200 after weeks of consolidation. It will probably stop around $7,700.

Anything launching around now will be a 'fail' if you judge it on the first few days or weeks. No one entity can turn around sentiment or force a pump. Even if it could it wouldn't sustain.

Things like Bakkt will count when the whole scene has a whiff of proper bullishness. Until then they need to keep the lights on and make sure it can cope when that happens. There's a weirdly high number of supposedly professional places that did flake out before they got the chance to make some money. Hopefully this bunch have a bit more of a strategic view.

Harlot

hero member

Activity: 1806

Merit: 672

Quote from: ePesoInitiative on September 25, 2019, 11:02:57 AM

Bakkt is a failed exchange launch - regulated means nothing for the Bitcoin price. And currently Bitcoin is still crashing at the moment to $8,200 after weeks of consolidation. It will probably stop around $7,700.

It's not BAKKT's fault on why Bitcoin suddey went down its our fault on believing at the hype that on its launch BTC will skyrocket up, its our fault that we believed on news sources that this could signify the next bull run for the market, its our fault on believing the news and not on the charts. BAKKT definitely has nothing to do with this and really hype is the one to blame why we believe that BAKKT is the game changer here. I hope you get the bigger picture that not all price action happens because of the news we are seeing.

ePesoInitiative

sr. member

Activity: 924

Merit: 260

Bakkt is a failed exchange launch - regulated means nothing for the Bitcoin price. And currently Bitcoin is still crashing at the moment to $8,200 after weeks of consolidation. It will probably stop around $7,700.

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Those physical ones are not going out like sold out tickets, its really not a big deal right now and not getting the attention bakkt thought it would. Of course its still better to have it than not having it but I think this will not be as big of a deal as we made out to be for years now.

I don't know how long it has been since the first time we heard about bakkt but in the end we are not seeing any sort of traction to it. We can try to promote it ourselves even if we do not use it, that way we can get more advertisement to it but I doubt we have enough power to pull that through, maybe we can increase a bit more awareness for it but that's about it. Of course, it is up to Bakkt to make their own marketing and get their own awareness up, if they can do it than maybe we will see more attention.

seradj0

full member

Activity: 192

Merit: 100

I guess bakkt already have enough btc for now, if not a pump will be expected after 23 ( $1000 at least )
the market also learned from the previous pump and take the choice of wait and see untill now

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: btc_angela on September 18, 2019, 12:28:41 AM

Quote from: Lucius on September 14, 2019, 08:29:05 AM

It's pretty clear that Bakkt will not have same effect as CBOE&CME, even if Bakkt will offer "physical bitcoin futures contracts", which was not the case before. But from my point of view problem is in timing, first BTC futures are launched 1+ year after halving, and Bakkt is coming just under a year before halving.

It is also an indisputable fact that media is not creating any FOMO this time, and that people are now more and better informed. However if big pump happens most will give credit for that to Bakkt, because what else could be the reason Roll Eyes

Hah, if that happens then Bakkt is now the saviour of the market, Lol. A total 360 turn around from the "we don't need institutional money" and "we are tired of this news". Grin

. In any case, and if the pump happens, everyone is going to be happy, but the question is how long that pump can be. Win-win situation for us? or total disaster in the long run?

I am wondering which one will be the first one to make a bitmex type of difference. Right now, bitmex longs and shorts are making so much difference in the market that people literally look at how much each is bought and sold to realize what the market trend is.

So, we are talking about just one market literally used for market prediction, that is why we really need something like Bakkt (doesn't have to be bakkt but something similar) to exist and be bigger than bitmex, not just one though, because than that would be the market prediction, we need like 10+ of them so that we could have different results and people will stop using them because they won't understand which one to look at. Its really a sensitive subject and I hope if its done, it will be done properly.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

btc_angela, we can say that we do not need institutional money, but we can do nothing to prevent that money to enter in crypto market. Based on Bitcoin history after every big pump we see the correction, this will probably happen next time too. We can say that it is realistic to expect history to repeat itself, and the only difference is that this time the numbers will be different.

Jating, a week or just a day doesn't make much difference, if they buy Bitcoin in last few months, then they have good amount of coins to work with, no need to buy more now. At this point, Bakkt does not look like something that could affect price in short-term.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: Lucius on September 14, 2019, 08:29:05 AM

Quote from: Jating on September 14, 2019, 08:03:47 AM

Yes, this is long overdue, but I have a feeling that majority still thinks that it could have the same affect as CME and CBoE last 2017.

It's pretty clear that Bakkt will not have same effect as CBOE&CME, even if Bakkt will offer "physical bitcoin futures contracts", which was not the case before. But from my point of view problem is in timing, first BTC futures are launched 1+ year after halving, and Bakkt is coming just under a year before halving.

Yes, the much touted "physical bitcoin futures contracts" could have made the difference if we say that bakkt is launched in 2017-2018. But today, it doesn't makes any difference at all. Timing could be one factor as well, eight months prior to the block halving, and we all know that crypto enthusiast are waiting for this event not the bakkt launched.

Quote from: Lucius on September 14, 2019, 08:29:05 AM

It is also an indisputable fact that media is not creating any FOMO this time, and that people are now more and better informed. However if big pump happens most will give credit for that to Bakkt, because what else could be the reason Roll Eyes

And exactly a week before they launch, the price of bitcoin goes down, Grin

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: Lucius on September 14, 2019, 08:29:05 AM

It's pretty clear that Bakkt will not have same effect as CBOE&CME, even if Bakkt will offer "physical bitcoin futures contracts", which was not the case before. But from my point of view problem is in timing, first BTC futures are launched 1+ year after halving, and Bakkt is coming just under a year before halving.

It is also an indisputable fact that media is not creating any FOMO this time, and that people are now more and better informed. However if big pump happens most will give credit for that to Bakkt, because what else could be the reason Roll Eyes

Hah, if that happens then Bakkt is now the saviour of the market, Lol. A total 360 turn around from the "we don't need institutional money" and "we are tired of this news". Grin

. In any case, and if the pump happens, everyone is going to be happy, but the question is how long that pump can be. Win-win situation for us? or total disaster in the long run?

RealMalatesta

legendary

Activity: 2338

Merit: 1124

If they already have the money then you are right they may not actually affect the prices of bitcoin right away, however I think they probably don't have THAT much bitcoin at their hands right now, they probably have some bought up because they knew what they were suppose to do but Bakkt is not after making profits by selling their bitcoins neither, they are after profits from trading fees and selling packages etc etc, if they wanted to profit from buying at 3k and selling at 10k, then they could have simply just sell their coins at some exchange like binance without disturbing the market and they would have profited.

No, I think that is not the case, surely they have some but they are not gonna be buying all of it up front for profit since there could have been some risks involved.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: Jating on September 14, 2019, 08:03:47 AM

Yes, this is long overdue, but I have a feeling that majority still thinks that it could have the same affect as CME and CBoE last 2017.

It's pretty clear that Bakkt will not have same effect as CBOE&CME, even if Bakkt will offer "physical bitcoin futures contracts", which was not the case before. But from my point of view problem is in timing, first BTC futures are launched 1+ year after halving, and Bakkt is coming just under a year before halving.

It is also an indisputable fact that media is not creating any FOMO this time, and that people are now more and better informed. However if big pump happens most will give credit for that to Bakkt, because what else could be the reason Roll Eyes

Jating

hero member

Activity: 2842

Merit: 772

Quote from: adaseb on September 11, 2019, 11:48:07 PM

I did some reading on the Bakkt futures finally since its launching in a few weeks. Here is where I am confused.

These futures differ from the CME futures because they are physically settled instead of cash settled. So basically if someone holds the future contract till expiry they are entitled to an actual BTC instead of just the cash difference from the CME futures.

The BTC is delivered to the receipiant and HELD at the Bakkt Custody Service Warehouse. So it doesn't really leave Bakkt. I haven't been able to find out if the buyer will actually be able to withdraw from the warehouse and use the BTC for spending. This is where I am confused.

Because most futures if you exercise them, you are able to buy the underlying product. This is very common with agriculture futures. Anyone got more information?

I was under the impression that ICE will take care of the exchange service. So buyer will probably go to ICE first, but I do agree that it is very confusing.

@Lucius, good question, all we can really do is to hope that it will really have a good impact in the price. But if the people have slowly accumulated overtime, we might not see that boost as everyone is expecting. Yes, this is long overdue, but I have a feeling that majority still thinks that it could have the same affect as CME and CBoE last 2017.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: mindrust on September 14, 2019, 12:49:50 AM

It is not $100's from the average Joe's. This money, belongs to BAKKT and it is already here.

The money had to come from somewhere, and Bakkt can be a very good reason for what was happening from April 2019 when price is start to go up. They start to buy probably at the bottom close to $3000, but part of the money pumped in BTC is come from ordinary people who got caught in FOMO same as always.

If Bakkt already has coins they need, we should not expect that launch on September 23 can directly affect the market. Maybe when they empty their bags and start to buying again, but it is a matter of time and the results they will achieve. Bakkt looks good and promising on paper, but how it will look in practice?

mindrust

legendary

Activity: 3276

Merit: 2442

BAKKT already bought their bags. The coins they are going to credit their investors, they already have them. It is around 100k btc if I remember right. Maybe that 100k btc pumped the price from $6k to $14k, I don't know. But the real price action will come with the halvening probably.

BTC normally was moving with the shitcoins in the last 2-3 years but somehow we are now acting independently. The only reason which makes sense for that is, there is new money entering Bitcoin. It is not $100's from the average Joe's. This money, belongs to BAKKT and it is already here.

I hope I am wrong and we'll moon after the BAKKT launch. TA is getting very tight too. It'll explode in one direction soon.

thirdlight

sr. member

Activity: 445

Merit: 250

I believe that the price of Bitcoin has already been incorporated in the functioning of the Bakkt platform. I think that after the opening of the torains according to Bitcoin, the price may fall within a month by 1000-2000 dollars.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: barbara44 on September 12, 2019, 12:04:37 AM

THIS BAKKT, I am still trying to see what impact it will really make in bitcoin, because I have been in some situation where I relied in some certain thing that came out then to make impact, but instead of making impact, it either went against the system or it does not make any impact.

I lost the trust on some of this thing when I expected the halving of Litecoin then to have effect on the price of Litecoin, but till date, there has not been any impact.

Of course there was. It just wasn't the impact people expected.

Everyone thought Litecoin would pump In July and early August right into the halving. Instead, the market started to front-run those expectations, with LTC significantly outperforming BTC up to April. After that, smart money started exiting back to BTC. This is the same dynamic as "buy the rumor, sell the news."

Quote from: thirdlight on September 13, 2019, 11:02:38 AM

I believe that the price of Bitcoin has already been incorporated in the functioning of the Bakkt platform.

If Bakkt launches with huge volume and a notable premium over spot prices, you better believe it's not "priced in" yet. I'm not expecting that to happen though.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: barbara44 on September 12, 2019, 12:04:37 AM

I lost the trust on some of this thing when I expected the halving of Litecoin then to have effect on the price of Litecoin, but till date, there has not been any impact. I have learnt not to be concluding on come certain things having an effect until it does and I see that it was really the effect of it. September is here already for the launch, we can easily know very soon, and could you please remind me of the date that the bakkt promise to launch their project.

Do not rush for concluding like that. If you are entitled for real bitcoins that is actually better than digital (not actual) for all of us who are afraid of whales. I mean if it was like bitmex where people could basically play digitally they could make up money from thin air from leverage that normally would have been difficult (well it is not from thin air but you get it) that is why I think doing it physically is actually a slower method and not good for the people who will use BAKKT but in the end it is better for the market.

Not gonna lie I would prefer to use the bitmex version if I was a customer but having this would mean some more volume that wouldn't exist normally, maybe it is good this way that we are getting new money pouring into bitcoin and having people hold bitcoin instead of just numbers on their bakkt account without actually having bitcoin.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: adaseb on September 11, 2019, 11:48:07 PM

I did some reading on the Bakkt futures finally since its launching in a few weeks. Here is where I am confused.

These futures differ from the CME futures because they are physically settled instead of cash settled. So basically if someone holds the future contract till expiry they are entitled to an actual BTC instead of just the cash difference from the CME futures.

The BTC is delivered to the receipiant and HELD at the Bakkt Custody Service Warehouse. So it doesn't really leave Bakkt. I haven't been able to find out if the buyer will actually be able to withdraw from the warehouse and use the BTC for spending. This is where I am confused.

Because most futures if you exercise them, you are able to buy the underlying product. This is very common with agriculture futures. Anyone got more information?

it's not specified in the basic contract specs, but i'm sure that investors can withdraw bitcoins from the warehouse. it wouldn't be a physically deliverable contract otherwise. the press reports indicate they've opened both deposits and withdrawals: Bakkt Warehouse Launches Deposits and Withdrawals as Planned

barbara44

hero member

Activity: 2548

Merit: 605

THIS BAKKT, I am still trying to see what impact it will really make in bitcoin, because I have been in some situation where I relied in some certain thing that came out then to make impact, but instead of making impact, it either went against the system or it does not make any impact.

I lost the trust on some of this thing when I expected the halving of Litecoin then to have effect on the price of Litecoin, but till date, there has not been any impact. I have learnt not to be concluding on come certain things having an effect until it does and I see that it was really the effect of it. September is here already for the launch, we can easily know very soon, and could you please remind me of the date that the bakkt promise to launch their project.

adaseb

legendary

Activity: 3808

Merit: 1723

I did some reading on the Bakkt futures finally since its launching in a few weeks. Here is where I am confused.

These futures differ from the CME futures because they are physically settled instead of cash settled. So basically if someone holds the future contract till expiry they are entitled to an actual BTC instead of just the cash difference from the CME futures.

The BTC is delivered to the receipiant and HELD at the Bakkt Custody Service Warehouse. So it doesn't really leave Bakkt. I haven't been able to find out if the buyer will actually be able to withdraw from the warehouse and use the BTC for spending. This is where I am confused.

Because most futures if you exercise them, you are able to buy the underlying product. This is very common with agriculture futures. Anyone got more information?

Topic: Bakkt - page 6. (Read 5599 times)