Bakkt delays their launch - page 2. | Bitcointalksearch.org

Koadharber

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Quote from: pooya87 on November 20, 2018, 10:13:54 PM

or maybe the dump was the reason for the delay? Cheesy

they may be aware of the hype they have created and want to see the price rise. if something like that is released during a downtrend it can not change anything but if it is released during a rise or when the market is getting ready for the rise (like when it was stable at $6k+) release of it can lead to a rally...

That might be also the reversed thing where they do make delay because of the sudden dump or current market condition.
They moved out on first month of 2019 and we wont even be sure if that would be the real launch or it would move out on other schedule if the wont see any significant
changes on the market condition. Grin

el kaka22

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I doubt it was about this bitcoin price deals going on, I am sure they are definitely happy that they delayed their launch after seeing this but you should know that these type of huge companies and huge deals usually decide these kinds of things very early on and they talk about it in their meetings and so forth before they let the public know. So, this was probably already decided when the price dropped significantly, it wasn't because of it but definitely did helped them out a lot.

I think the main reason for all of this is that they didn't expected this much attention and this much workload so when they got all this customers and workload they realized they can't meet a deadline and when you miss something out and do something wrong in finance world the penalties are really high so they decided to postpone it until they feel like they are fully ready for it.

bbc.reporter

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Quote from: pooya87 on November 20, 2018, 10:13:54 PM

or maybe the dump was the reason for the delay? Cheesy

they may be aware of the hype they have created and want to see the price rise. if something like that is released during a downtrend it can not change anything but if it is released during a rise or when the market is getting ready for the rise (like when it was stable at $6k+) release of it can lead to a rally...

Agreed hehehe. That might also be the reason, however it appears that Bakkt's people also know that their announcement, when made today will not help pump bitcoin to $6000

They might be waiting for a more stable market condition, which might have also caused traders who are closely following Bakkt's moves to dump.

sorrysteve1

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Quote from: pooya87 on November 20, 2018, 10:13:54 PM

or maybe the dump was the reason for the delay? Cheesy

they may be aware of the hype they have created and want to see the price rise. if something like that is released during a downtrend it can not change anything but if it is released during a rise or when the market is getting ready for the rise (like when it was stable at $6k+) release of it can lead to a rally...

This seems more likely, they're smart people over there. They understand that in the current market there will be little demand for their services but if they can wait a few extra months they might hit a more positive market. Of course the additional time to prepare will come in handy also.

Slow death

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Quote from: bbc.reporter on November 20, 2018, 09:13:30 PM

Might Bakkt's delay also responsible for the dump?

I believe that they are do not responsible for the dump. But bitcoin cash war can be responsible, another factor being the lack of demand and the lack of good news. when I speak of good news I mean concrete news. If we notice, this year the news is always rumored or something that still depends on regulation. For example last year, when futures were announced, they said the day they would be released and exactly that day we saw the future being launched. But this year things are different, we've seen a lot of things being said and when the promised day comes, they back off or postpone it... it made people stop believing in the good news.

Quote from: bbc.reporter on November 20, 2018, 09:13:30 PM

This is very dubious timing hehehe. The whales begun dumping 1 week before Bakkt's announcement of the delay.

That's why I believe the reason for this dump being caused by the bitcoin cash war. Some people insist on spreading news that Bitcoin Cash SV is closer to the original BTC, but the original bitcoin is BTC we are using. But for people who are not research properly they prefer to leave cryptos because they are not understanding anything. Imagine a guy who calls himself satoshi nakamoto and starts making lots of accusations that bitcoin is not bitcoin and say that his recent altcoin is bitcoin and making threats on twitter, it scares people

Quote from: bbc.reporter on November 20, 2018, 09:13:30 PM

I speculate Bakkt might have further delays than their new January target.

may be possible because they are still waiting for regulatory approval

davis196

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Every big and complex project get's into delays and issues.Bakkt is no different than any other big project.
Anyway,if the Bakkt dev team is serious enough,they would lauch the project in a bearish market.This would show the people,that they are confident enough and don't care about price fluctuations.

exstasie

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Quote from: pooya87 on November 20, 2018, 10:13:54 PM

or maybe the dump was the reason for the delay? Cheesy

I believe so. If they launch into a bear market like this, they're going to see low interest and low volumes at launch.

Either that, or they're running into regulatory hurdles. This isn't a self-certification like the cash-settled stuff last year. Maybe the CFTC is making things difficult.

pooya87

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or maybe the dump was the reason for the delay? Cheesy

they may be aware of the hype they have created and want to see the price rise. if something like that is released during a downtrend it can not change anything but if it is released during a rise or when the market is getting ready for the rise (like when it was stable at $6k+) release of it can lead to a rally...

bbc.reporter

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Might Bakkt's delay also responsible for the dump? This is very dubious timing hehehe. The whales begun dumping 1 week before Bakkt's announcement of the delay.

I speculate Bakkt might have further delays than their new January target.

Given the volume of interest in Bakkt and work required to get all of the pieces in place, we will now be targeting January 24, 2019 for our launch to ensure that our participants are ready to trade on Day 1. As is often true with product launches, there are new processes, risks and mitigants to test and re-test, and in the case of crypto, a new asset class to which these resources are being applied. So it makes sense to adjust our timeline as we work with the industry toward launch.”

“Second, as we collaborate to help develop this asset class, we are taking opportunities in our start-up phase to expand our offering. We’ll share more about some of these new features in the coming weeks but as a start, I’m pleased to announce that we have insurance for bitcoin in cold storage and are in the process of securing insurance for the warm wallet within the Bakkt Warehouse architecture. We are focused on every aspect of delivering an institutional grade crypto warehouse solution and believe this is a significant step in building confidence in this asset class.

Read in fullhttps://abacusjournal.com/breaking-bakkt-moves-back-bakkt-announces-delayed-launch-january-24th-2019-targeted/

Topic: Bakkt delays their launch - page 2. (Read 533 times)