Bakkt - page 8. | Bitcointalksearch.org

Lucius

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Quote from: Gohs on September 07, 2019, 11:50:46 PM

I'm not surprised that BTC dumped after the news. It's just like back in 2017, when CBOE and CME launched BTC started falling all through 2018.
I won't be totally surprised if history repeats itself.

That news had nothing to do with that dump, do you and some others can start reading that almost identical things have been going on for months. You also mix BTC futures back in 2017, their effect was enormous and it pump price to $20k, with huge media FOMO of course. But it was time after halving, now we are in pre-halving time, and Bakkt can only help to boost price.

History repeats itself, there are some patterns that we can follow through Bitcoin history, but 2020 does not fit that pattern. After long crypto winter and recovery, we are now moving towards a new achievements, price should go up, not down.

Gohs

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I'm not surprised that BTC dumped after the news. It's just like back in 2017, when CBOE and CME launched BTC started falling all through 2018.
I won't be totally surprised if history repeats itself.

pooya87

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Quote from: exstasie on September 06, 2019, 02:29:27 PM

Quote from: Slow death on September 06, 2019, 01:19:42 PM

they fulfilled the first thing:

Bakkt Warehouse Launches Deposits and Withdrawals as Planned

The market dumped ($10,950 to $10,250) right after this news came out. "Buy the rumor, sell the news" strikes again! Granted, I think the reasons were more technical.....the mode around $10,800 and this trend line. But the timing was so sweet, I had to mention it. Tongue

lol, yeah it was funny and coincidental to see price go down a little after this news instead of shooting up. but there was no connection though. it was just another indication of the panic mode being ON these days since the price didn't break into $11k range some panic began and the price took a dive but since it was panic it recovered back up to $10.5 again.

btc_angela

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Quote from: exstasie on September 06, 2019, 02:29:27 PM

Quote from: Slow death on September 06, 2019, 01:19:42 PM

they fulfilled the first thing:

Bakkt Warehouse Launches Deposits and Withdrawals as Planned

The market dumped ($10,950 to $10,250) right after this news came out. "Buy the rumor, sell the news" strikes again! Granted, I think the reasons were more technical.....the mode around $10,800 and this trend line. But the timing was so sweet, I had to mention it. Tongue

But at least we're glad to hear that it was more of a technical rather that pure manipulation from those so called "whales". So we can still cling and hoping that this good news will boost the price in the next coming days. We are still in the second week of the month, more things will certainly come in the ecosystem. So let see how it will pan out.

Febo

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https://twitter.com/jimbtc/status/940076411817041922

This will happen when BAKKT bring Bitcoin on Wall street. They have no ideas what they put themselves into.

exstasie

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Quote from: Slow death on September 06, 2019, 01:19:42 PM

they fulfilled the first thing:

Bakkt Warehouse Launches Deposits and Withdrawals as Planned

The market dumped ($10,950 to $10,250) right after this news came out. "Buy the rumor, sell the news" strikes again! Granted, I think the reasons were more technical.....the mode around $10,800 and this trend line. But the timing was so sweet, I had to mention it. Tongue

Slow death

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Quote from: seradj0 on September 06, 2019, 09:05:48 AM

If there is something to happens it should already start
not sure if it is the case !!! your thought ?

they fulfilled the first thing:

Bakkt Warehouse Launches Deposits and Withdrawals as Planned

and the price rose to $10900, but didn't have much strength to break the $11000 and fell to $1029.

let's wait and see how the price will react after September 23

seradj0

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If there is something to happens it should already start
not sure if it is the case !!! your thought ?

sana54210

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Quote from: 1Referee on September 02, 2019, 03:31:11 PM

Quote from: Torque on September 01, 2019, 10:34:04 AM

BAAKT will be exactly how the richy-rich whales, very discretely and very quietly, drain the float on every major exchange.

It may take some time.

But then after that, watch out.

Richy-rich whales are smart. The small fishes that are willing to sell to these whales are not. In that regard, the concentration of wealth in Bitcoin will be extremely high amongst whales, and probably much worse than the already existing inequality in the legacy world. They will not get any of my satoshis.

But then again, this has been happening for years now. Whales continuously see their Bitcoin stack increase, while the rest continuously see their Bitcoin stack decrease because they cash out some of their holdings each time the price appreciates in value.

We are still the ones gathering this wealth to the whales, we give them power a lot when we sell to them which majority of us have even done unknowingly. I am glad that you are a string investor and you already understand the game plan of the whales to get most of the bitcoin and then use it against the poor people still.

We really need to stop putting our welt into their hands, even if they are richer than us, but they are not wiser than us except we prove otherwise, no matter their riches, if we cannot get our coins into their hands, there is no way they would be able to manipulate us easily or manipulate the market generally as they have been doing in the time past. September is already here, let’s wait and see the impact of the bakkt on the market.

1Referee

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Quote from: Torque on September 01, 2019, 10:34:04 AM

BAAKT will be exactly how the richy-rich whales, very discretely and very quietly, drain the float on every major exchange.

It may take some time.

But then after that, watch out.

Richy-rich whales are smart. The small fishes that are willing to sell to these whales are not. In that regard, the concentration of wealth in Bitcoin will be extremely high amongst whales, and probably much worse than the already existing inequality in the legacy world. They will not get any of my satoshis.

But then again, this has been happening for years now. Whales continuously see their Bitcoin stack increase, while the rest continuously see their Bitcoin stack decrease because they cash out some of their holdings each time the price appreciates in value.

gentlemand

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Quote from: The Sceptical Chymist on September 02, 2019, 11:28:18 AM

If they end up dwarfing an exchange (or a combination of them) like Binance, Coinbase, or Poloniex, it certainly could be possible.

If I were professional money the idea of going to Binance would be laughable. Poloniex are getting more amateurish and weedy by the day. Coinbase make the most sense but they're still nobody minnows compared to the people behind Bakkt.

But it's BTC and most of the money floating around out there only wants more USD. I'll be very interested to see what the take up is. It may all stay with CME dollars.

The Sceptical Chymist

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Quote from: gentlemand on August 31, 2019, 04:28:01 PM

When it's bubbly it'll magnify that bubbliness. When it's beary it'll do the same the other way.

I'm wondering how bitcoin's price is going to be determined in the future--right now people look at preev or the price on a specific exchange. I think it's quite possible that a futures exchange could actually make the price that gets quoted, much like how a stock's price is determined by its trading on a specific stock exchange or how the price of gold comes from the trading of "paper gold".

I think that would depend on how much volume Bakkt does. If they end up dwarfing an exchange (or a combination of them) like Binance, Coinbase, or Poloniex, it certainly could be possible.

Anyway, I don't think the effect will be zero if Bakkt launches. I'm pretty sure there's a lot of institutional money just waiting to get into crypto, money that can't right now because of the relatively small market caps of bitcoin and the bigger altcoins. I honestly don't have a clue how the markets are going to react, but it'll be damn interesting to see what happens.

cryptokwuk

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Expect a big fat dump on the market.
They are opening up early for bitcoin deposits.
So when it opens for trading later this month, all that is available on that market is hundreds of thousands of BTC and little fiat.

exstasie

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Quote from: adaseb on September 01, 2019, 02:09:10 AM

Hopefully it won't be like the Futures launch back in 2017, which in hindsight was nothing more than a "Buy the rumor..sell the news" and made $20K be the biggest bull trap ever.

Doubtful. The timing is very different now. We're in the early stages of a bull market, not the parabolic/late stages like in late 2017.

Plus, I doubt anybody bought the rumor this time. The "buy the rumor" stage was like a year ago, when Bakkt first announced they were launching. Those buyers already got washed out of the market during last year's crash. Nobody cares about Bakkt anymore, not until they launch for real anyway.

el kaka22

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It depends on the situation we are in when it launches. If we are in a bear movement then it will not stop it because its not big enough to make a difference in a bear market when everyone is selling. However, if we are in a bull situation then it will definitely help because even a single dollar helps during bull, if it is on a bull run then it will just have a little bit more help with the buys and long futures and money coming into the market.

So, at the end of the day we have to be ready for it when it comes out, if we are not ready and in panic sell mode at the same day then we can't take advantage of something this valuable, in order to take advantage of it we need to push for some bull run and make sure people are not selling too much that day and Bakkt has to do whatever it takes to help us as well.

Wilhelm

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Quote from: Torque on September 01, 2019, 10:34:04 AM

BAAKT will be exactly how the richy-rich whales, very discretely and very quietly, drain the float on every major exchange.

It may take some time.

But then after that, watch out.

Drain the float? Is this good for us?

Torque

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BAAKT will be exactly how the richy-rich whales, very discretely and very quietly, drain the float on every major exchange.

It may take some time.

But then after that, watch out.

leowonderful

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I really don't find the launch of Bakkt to be extremely bullish either; it's been known for quite some time, and whatever effect it might have on the price of BTC is potentially already priced in. Still buying through DCA and I've got orders stacked at 8k and below in case we ever get that low though. Any break from this sideways movement we've been having recently would be good

.

Lucius

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Bakkt is something that has been dragging on for too long, people don't take this too seriously because of all the delays, and who can say there won't be another delay?

There is generally nothing negative in Bakkt, it's just a question of whether the whales seize this opportunity to launch some major pump, the truth is that they have accumulated large amounts of coins, and that possible launch of Bakkt may be something that will run things upward.

Some things will be much clearer in about 3 weeks, but for those who are buying, now is the right opportunity, perhaps the best by the end of this year. Unless you trust some members who are saying that price is going down to $8k in next 4-5 days.

Red-Apple

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Quote from: seradj0 on August 31, 2019, 04:13:51 PM

what impact can we expect from this !!!?? bullish or bearish Huh

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why would it be bearish?! everything about this is bullish or worst case scenario is that the market will be indifferent about this news!
besides, with bitcoin getting ready to have a big rise soon, this news can only act as the fuel to that upcoming rise. so the coincidence alone makes it a big bullish move. so we probably will see $20k get closer this year.

Topic: Bakkt - page 8. (Read 5599 times)