Bakkt - page 9. | Bitcointalksearch.org

seradj0

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since news are not moving the market these days, it is a good sign
hope the market growth the point where hip doesn't appear again, and we see solid growth

I'm not sure if Bakkt has done all the buying of Bitcoin already like 1Referee said here

Quote from: 1Referee on August 31, 2019, 06:12:56 PM

Speculation wise, people are over Bakkt already. They want to see it go live and turn over some impressive amounts.

Bakkt has done all the buying of Bitcoin already, so people shouldn't expect them to influence the price in any shape or form. Only if there turns out to be so much demand, and for that reason have to start buying Bitcoin again, it might have some impact on the OTC market, but then again, with how liquid that market is I doubt it will reflect on the spot market at all.

It's funny how Bakkt on the same day of the correction from over $10,000 to $9300 they Tweeted that they will start offering secure storage of customer's Bitcoin to prepare for the launch on September 23. They for some reason always make announcements just before/after a significant price movement. Roll Eyes

gentlemand

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Welt Am Draht

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. I remember watching the CME (not CBOE) futures go live and I remember seeing lots of trades take place at the $20K and assumed this would hit $25K in no time. And what happened? The exact opposite.

The bubble was looking for a reason to pop by that point. It settled on the futures launch as the nearest and most convenient hook. I don't really see how the ICO stupidity could've been drawn out any longer but it would be interesting to know how things would have looked without the futures launch.

adaseb

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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. I remember watching the CME (not CBOE) futures go live and I remember seeing lots of trades take place at the $20K and assumed this would hit $25K in no time. And what happened? The exact opposite.

Bakkt might be different since we already have a futures market and we have been waiting for almost a year for it to launch. However unless we get massive volume trading those futures, I don't think it will have much of an effect.

Either way Sept/Oct should be interesting because the markets are usually trading sideways in the Summer. August seems like a very low volume month, so hopefully September is more active and bullish.

arpon11

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Quote from: ololajulo on August 31, 2019, 04:36:25 PM

I wont be surprised if there are no reaction in the market, the big launch kicks off with sept 6 warehouse deposit, It is enough to cause pump in the market some years back but nothing seem to be happening. we are wondering where the rise will come from this time, maybe not with news and festive season.

News are not moving the market these days and bakkt may not make much difference! Unlike in 2017 when future trade affect the market much. I think bitcoin is now finding reasons why it should take the next direction outside bakkt’s news and other information. The market has been moving in a range and it has been a bit stable for the past three days now.

1Referee

legendary

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Speculation wise, people are over Bakkt already. They want to see it go live and turn over some impressive amounts.

Bakkt has done all the buying of Bitcoin already, so people shouldn't expect them to influence the price in any shape or form. Only if there turns out to be so much demand, and for that reason have to start buying Bitcoin again, it might have some impact on the OTC market, but then again, with how liquid that market is I doubt it will reflect on the spot market at all.

It's funny how Bakkt on the same day of the correction from over $10,000 to $9300 they Tweeted that they will start offering secure storage of customer's Bitcoin to prepare for the launch on September 23. They for some reason always make announcements just before/after a significant price movement. Roll Eyes

Kemarit

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Quote from: ololajulo on August 31, 2019, 04:36:25 PM

I wont be surprised if there are no reaction in the market, the big launch kicks off with sept 6 warehouse deposit, It is enough to cause pump in the market some years back but nothing seem to be happening. we are wondering where the rise will come from this time, maybe not with news and festive season.

So we still have to wait on September 6 before we can say that it won't do any good in the market. And perhaps with the current price (cheap, below 5 digit), this could somewhat re ignite and could be the boost to see the price going around $13,000 again so it's too early speculate. Usually, investors buy the news so there is a chance than in the next 5 days we could see a pump because of the Bakkt anticipation. Yes we grew tired hearing about it, but this is the time now, let those institutional money flow into the ecosystem.

ololajulo

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SOL.BIOKRIPT.COM

I wont be surprised if there are no reaction in the market, the big launch kicks off with sept 6 warehouse deposit, It is enough to cause pump in the market some years back but nothing seem to be happening. we are wondering where the rise will come from this time, maybe not with news and festive season.

gentlemand

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Welt Am Draht

I think nothing will happen. It won't create a pump. These things never do. Buyers are either bored or worried right now. One single service launching does not magically turn sentiment around.

A service like Bakkt should enhance the expression of the prevailing sentiment. It sure as shit doesn't create it.

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

exstasie

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

Hey there,

I guess every one hear about Bakkt launch
it will launch two physically delivered bitcoin futures contracts (daily and monthly futures)
what impact can we expect from this !!!?? bullish or bearish Huh

It's hard to see the launch being a bearish catalyst. After all, it's a new platform that allows for institutional investment......how could that be perceived by the market as bearish? Plus, the launch will be around the 3-month mark since this bearish correction began. By then, I believe time will be running out for this downtrend.

Bakkt seems really confident they are launching for real this time. So given the timing, it could act as a bullish catalyst. It's probably either that or a total nothingburger.

seradj0

full member

Activity: 192

Merit: 100

Hey there,

I guess every one hear about Bakkt launch
it will launch two physically delivered bitcoin futures contracts (daily and monthly futures)
what impact can we expect from this !!!?? bullish or bearish Huh

Topic: Bakkt - page 9. (Read 5599 times)