Topic: Bakkt disappointment - page 5. (Read 717 times)
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.
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%.
The most uncomplicated answer to similar questions is the market trading law from the experienced traders: Buy the rumors and sell the news! The market participants decided how to accept the welcome party for the institutional money and the majority of the crypto traders decided to sell the news before the new experienced institutional traders attempt to do it. The institutional money never leaves the market unless there are other good opportunities on other financial markets, remembering this factor will clear the other questions from our mind while thinking about the cause of the last price downfall from $10500 to the $7800.
I am expecting positive outcome about Bakkt but all we've seen is all against to what we have thought of. But don't make a conclusion that it's really Bakkt that made this dump. There are other factors that made this bloody days again.
Start doing something to counter this situation through making yourself a favor by buying at discounted prices whether it's for bitcoin and few known altcoins.
Start doing something to counter this situation through making yourself a favor by buying at discounted prices whether it's for bitcoin and few known altcoins.
Wasn't it the bakkt news back early this year that caused the rally from $3K to more than $12K? That's I'm getting from other people's feedback. I guess you can call what happened here as "selling the news". When people like you are expecting are holding and expecting for a pump, experienced traders are getting to ready to capitalize and dump.
Whales will goes against the majority,when you think the prices will go up then it may go down.
Now you got feel that prices will stay here or fall more the whales will move the prices up.
Now you got feel that prices will stay here or fall more the whales will move the prices up.
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 think that people made a mistake of expecting Bakkt to be the savior of crypto space, the raiser of prices, the mother of dragons, and what not. It is just a futures exchange that will maybe, MAYBE, attract institutional investors. However, it will take time for them to become comfortable with crypto, even through Bakkt. None of it will happen at once, and Bakkt is just a small step in the right direction. People overhyped it and when nothing happened, the disappointment knocked the prices down. That doesn't make Bakkt bad. Things will calm down, just give it some more time.
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
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