Bakkt disappointment - page 3. | Bitcointalksearch.org

Oyarebu

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Quote from: Bitfling on September 27, 2019, 02:39:39 AM

Quote from: Winscosinally on September 27, 2019, 01:48:41 AM

How many of you guys feel disappointed about how bakkt did nothing to crypto market price but shrink it down to where it is today? i am one of those who think bakkt will have huge impact on crypto market since 2018 so here we are today and things went sideways

I also used to think that BAKKT would have a positive impact on the price of Bitcoin but the reality was not as expected. The small number of transactions at BAKKT has disappointed investors and maybe this has caused the price of bitcoin to fall by more than 20%.

Never expect much from Bakkt exchange because it has it own potentials to boost the world of cryptocurrency. Not seeing anything now after the launched doesn't give me a serious thought. This Bakkt just helped the industry with the possibility of having more higher numbers of institutional investors into cryptocurrency in the nearest future, so, why worry when the future is bright buddy.

Sebas.tian

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Quote from: Winscosinally on September 27, 2019, 01:48:41 AM

How many of you guys feel disappointed about how bakkt did nothing to crypto market price but shrink it down to where it is today? i am one of those who think bakkt will have huge impact on crypto market since 2018 so here we are today and things went sideways

On the contrary I haven't seen what you saw as disappointment as Bakkt launched their platform. Although the impact is not yet felt doesn't mean there will not be a positive impact for the entire market of cryptocurrency. Looking at the first time they announced their launch back in 2018, the market actually experienced positive impact, so, this made many to think: that it has not affected the price like it does in the past. Without iota of doubt, the impact will come but we have to wait for it to happen. We should remember that; they bought some qualities of bitcoin after their first announcement in 2018 and that actually affected the price, but now ready for business.

Questat

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Quote from: Winscosinally on September 27, 2019, 01:48:41 AM

How many of you guys feel disappointed about how bakkt did nothing to crypto market price but shrink it down to where it is today? i am one of those who think bakkt will have huge impact on crypto market since 2018 so here we are today and things went sideways

That is really disappointing cause most of us are expecting for pumps rather than to see the market drops. I believe there is no market manipulation around but this, it looks like there is something behind (whales). For how many weeks that we've been in the stable at the range of $10k-$11k but suddenly it crashed which nobody is expecting to happen cause we are looking for the bull run this year and we are almost started the 4th quarter with carrying positive hope. But somehow, all the expectation and speculations we looked for had vanished in just a week.

Twinkledoe

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Quote from: bigcash2011 on September 27, 2019, 04:51:44 PM

I think things like bakkt cannot have instant effect on the market they are more of longterm projects as they will introduce their platform and services to more and more people and institutions more and more will buy btc through them so we can say it will have slow and steady effect, regarding the recent crash i think that techniclly it was on the cards and bakkt disappointment just added to it which helped market collapse quickly but im optimistic that market will recover in coming weeks.

We should not really expect a big miracle jump that will happen because of bakkt. If they will have an impact, it might be slow and steady effect as bigcash2011 said. Bitcoin has been so long here already that I doubt it will not recover its value. It is better to have a slow increase later on with good reasons rather than sudden jump but can't sustain the price level. It is not only the BAKKT situation that might have the effect on this week's price. There's more than meets the eye here.

pcfli

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The recent market crash is not happened due to the BAKKT news, the speculations are strong for the next move of the Bitcoin price. I am disappointed too but there is nothing left to do. The market volume decreased a lot since the middle months of 2018 and the speculations are stronger than ever due to the halving expectations for the next year in my humble opinion.

bigcash2011

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I think things like bakkt cannot have instant effect on the market they are more of longterm projects as they will introduce their platform and services to more and more people and institutions more and more will buy btc through them so we can say it will have slow and steady effect, regarding the recent crash i think that techniclly it was on the cards and bakkt disappointment just added to it which helped market collapse quickly but im optimistic that market will recover in coming weeks.

dataispower

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I don't blame the market crash to BAKKT, crypto enthusiasts put so much hope on its launch which isn't supposed to be that way. There are different assumptions to the cause of the current market crash, not only about BAKKT. Oh yes, I actually thought BAKKT's launch will cause a market uptrend due to the hype, but we shouldn't always put blames.

pant-79

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Quote from: emreunsal10 on September 27, 2019, 03:43:21 PM

Quote from: NeuroticFish on September 27, 2019, 03:13:53 PM

Disappointment is related to unrealistic expectations. Bakkt effect on the market will be visible slowly, on long term.

Right now CME, BitMex and probably others too are the strong players. We don't know exactly why the price has fallen this much, hence we don't know how the price will move in the near future. However, don't count much on Bakkt to "save" the price. Not yet.

And also keep in mind that some months ago the price was 3-4k, so the current 8k clearly should not be seen as a disappointment.

Exactly this is my point.

Don't expect any "big" influence from any exchange or news. Whales and other ones are and will always manipulate the price as they want. So don't see this as a disappointment, i will surely make impact on price eventually, but slower is healthier. Cool

Even before the Bakkt launch and the porported 1m btc move, I had an open mind knowing its all about the whales game. Once things settle down a bit, prices will pick up and we are back to where we should with gradual progress made towards adoption as usual

emreunsal10

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Quote from: NeuroticFish on September 27, 2019, 03:13:53 PM

Disappointment is related to unrealistic expectations. Bakkt effect on the market will be visible slowly, on long term.

Right now CME, BitMex and probably others too are the strong players. We don't know exactly why the price has fallen this much, hence we don't know how the price will move in the near future. However, don't count much on Bakkt to "save" the price. Not yet.

And also keep in mind that some months ago the price was 3-4k, so the current 8k clearly should not be seen as a disappointment.

Exactly this is my point.

Don't expect any "big" influence from any exchange or news. Whales and other ones are and will always manipulate the price as they want. So don't see this as a disappointment, i will surely make impact on price eventually, but slower is healthier. Cool

NeuroticFish

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Disappointment is related to unrealistic expectations. Bakkt effect on the market will be visible slowly, on long term.

Right now CME, BitMex and probably others too are the strong players. We don't know exactly why the price has fallen this much, hence we don't know how the price will move in the near future. However, don't count much on Bakkt to "save" the price. Not yet.

And also keep in mind that some months ago the price was 3-4k, so the current 8k clearly should not be seen as a disappointment.

seleme

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I am not feeling disappointed, the rumors were bought back when the news spread in the market. The speculators blame the other speculators for the market manipulation, so ironic. Bakkt event was expected a months ago but it was delayed several times intentionally. Crypto whales just bought the cheap BTC while other traders were selling their buy positions to whale's market orders. So many speculations are going around the crypto markets and the biggest disadvantage of the decentralization is the lack of regulation in such situations.

vladimirhf

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Quote from: Winscosinally on September 27, 2019, 01:48:41 AM

How many of you guys feel disappointed about how bakkt did nothing to crypto market price but shrink it down to where it is today? i am one of those who think bakkt will have huge impact on crypto market since 2018 so here we are today and things went sideways

No reason for that. If many people are expecting the same thing probably the big investors will do a different move. People should stop expecting swings from the news and stick to fundamentals. FOMO/FUD patterns will just lead you to bankruptcy Tongue

Devawnm367

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This is a good thing. When it comes to investing you are suppose to buy the rumors, sell the news. When any news comes out about crypto the price always drops. The whales force the market down to fill their bags even more. Then after the crash the prices always skyrocket even higher then they were before the crash.

Take block reward halvings for instance, I will use LTC as an example. When the latest LTC halving happened, The price of one LTC dropped almost $30. It is perfectly normal and is actually a quite good thing. You would think because the block reward is only half the price would go up and it will all in due time. Just because the reward halves doesn't mean the coin will double.

Right now you can buy 1BTC for roughly $2500 cheaper then you could 1 week ago. Fill your bags, Who knows if you will ever see Bitcoin below 10k ever again. A pump is coming and it is coming quick. They are dragging the market down because everyone thinks its going to go up then when it crashes 2k everyone panic sales which causes the market to crash more. Just hold long term. Find another hobby, Check back in a month or 2 then you will see what the launching of Bakkt really did to the market!

lolgato1

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That is the resulf of big expectation. We thought that smart money will save us and bring to the moon.
Reality? Smart money are not yet interested into cryptocurrencies, they need regulations and the feeling confident.

pooh95

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Quote from: ganeshramk on September 27, 2019, 03:04:43 AM

Bakkt is just a beginning. Why people are already concluding this as disappointment? people take sometime for think and do the adaptations. patience is key here. We just have to wait and watch.

Yes, the market decline coincided with the opening of Bakkt trading, but it is too early to draw conclusions, market growth is still observed if you look from the beginning of the year.

sabine80

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Everyone was waiting, hoping for some kind of significant push for the market.

yes, many people have hoped that bakkt pushes up the prices, but the opposite has happened.
there you see again, the market reacts as he wants, no matter if good or bad news.

dearbesz1219

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And what did you expect? I expected it because institutional investors are already in the market thanks to CBOE and CME futures and Coinbase Pro. Also there are many other similiar big funds like Bakkt for these investors.

lionheart78

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Quote from: Winscosinally on September 27, 2019, 01:48:41 AM

How many of you guys feel disappointed about how bakkt did nothing to crypto market price but shrink it down to where it is today? i am one of those who think bakkt will have huge impact on crypto market since 2018 so here we are today and things went sideways

I am not disappointed in Bakkt instead I am quite happy that Bakkt had launched and this unnnecessary rumors and speculation about bitcoin is a scam thing somehow got cleared. I am also one of those who think that Bakkt will have a positive effect on the market but it seems it is not enough to counter the negative effect of the current sell-off. Though I will not lose hope that easily, it is not that Bakkt will buy lots of Bitcoin on the market on its launch since I believe they had been accumulating months before their opening, the thing is the possible institutions that they will get on their operations.

Davian144

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I tried to find out about the bakkt in coinmarketcap, it turns out their data is not yet displayed there, and I also found information there, if the launch will be done in September 2019, but until now the bakkt exchange has not been clearly seen on coinmarketcap, even though the month September is about to end.

Emilyp

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If we can detach cryptocurrency and its survival from events and news's, the price will be more stable. If value can be placed on cryptocurrency as it should be not everything is defined by news we've let the world think cryptocurrency is a joke as a result of news and events actions.

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