Bakkt has traded only 7 BTC so far | Bitcointalksearch.org

gentlemand

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Quote from: josephdd1 on November 04, 2019, 08:30:35 AM

Looks like physically delivered bitcoin isn't such a failure after all.

And this is while things are pretty much dead, apart from the occasional spurt. Just goes to show how incapable many people are of conceiving anything beyond the next five minutes.

It will make for a very dramatic spectacle at the height of a bubble, and maybe even more so when it pops.

AniviaBtc

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Quote from: josephdd1 on November 04, 2019, 08:30:35 AM

Looks like Bakkt has come a huge way since only trading 7 BTC worth of futures in the first day.

Nowadays the estimation bot predicts that Bakkt will sell at least 200 BTC worth of contracts in a day, while some estimates are over 1,000 BTC in a day.

Looks like physically delivered bitcoin isn't such a failure after all.

Bakkt already hit its All Time High after it traded 450 bitcoin futures contract. Last October it already traded 441 bitcoin futures contracts for this month and already trading to the month of december. Bakkt is really something we should watch though it is a bit off when it was launched. 1,000 bitcoin contracts in a day is not impossible for Bakkt but quite hard to reach in 1 to 2 months.

josephdd1

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Looks like Bakkt has come a huge way since only trading 7 BTC worth of futures in the first day.

Nowadays the estimation bot predicts that Bakkt will sell at least 200 BTC worth of contracts in a day, while some estimates are over 1,000 BTC in a day.

Looks like physically delivered bitcoin isn't such a failure after all.

Baofeng

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Quote from: AGroose on October 30, 2019, 03:20:23 AM

The fact that now the trading volume of Bakkt is low is normal because this platform was created for the long term. Over time, its volume will increase, because the institutional will come via Bakkt, but this cannot happen quickly.

Did you really check the post above you? It says that Bakkt volume is slowly increasing day by day.

I understand that it might take a hard grind here, but the problem is that so many people specially from last year, thought that Bakkt could reignite investors enthusiasm to bitcoin and could push the price again. So I guess that is not the case and it could take months or even year to finally see the positive impact on Bakkt in the ecosystem.

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Quote from: Astvile on October 23, 2019, 06:34:39 AM

Low volume from early days of its release is pretty normal bro. Yes I get it that you're maybe confused on why only 7 btc is traded in bakkt after all those hype. Lets give it a little bit more time so we can see the full potential of it.
The hype bakkt had created didn't give any big fruits on its first day but I think as time goes by bakkt will grow bigger and more volumes will be expected.

I am even sure that the traded volume would have even increased by now, people are not really just following up much on them again because of the impression that some manipulators created in the mind of people, investors and users that would have gone on the platform, they made it look like this bakkt was a curse because it was the time that they were released bitcoin crashed to $8000, but as you said, I think that we need to give them more time to really prove themselves and redeem their image back because I know that what happened then really had nothing to do with the fall of bitcoin, it must have just been some coincidence, or a game purposely played by those who understand the goal of bakkt and would not want to see it stand.

Juggy777

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Quote from: Yaunfitda on October 30, 2019, 03:00:09 AM

Lol, are you following Bakkt now?

Quote

Bakkt Volume Bot
‏ @BakktBot
3h3 hours ago

∙ Today's volume so far: 628 BTC
∙ Last traded price: $9,375.00
∙ Trading day progress: 86%

https://twitter.com/BakktBot/status/1189383874838704129

the 7 BTC traded that the OP was mentioning was since their launch, I know it's gonna disappointing, but it looks like they have rebounded in the last week or two, even reaching all-time-high in their trading volume.

And they Bakkt bitcoin options on futures to launch December 9: an industry first. So obviously, everything is looking bright right now with regards to Bakkt trading. Everyone has been hyping or least waiting for Bakkt to be the next catalyst, so let's see how it pan out.

@Yaunfitda there’s no doubt that Bakkt has disappointed everyone post it’s launch, but these trades are encouraging and could impact bitcoins prices in the future. In the past year yes we all were considering Bakkt to be the catalyst for bitcoin prices, but it got delayed so many times that we lost interest in it. However I’m hoping that we can see some positive impact from the December 9th event i.e. launch of Bakkts bitcoin futures.

AGroose

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The fact that now the trading volume of Bakkt is low is normal because this platform was created for the long term. Over time, its volume will increase, because the institutional will come via Bakkt, but this cannot happen quickly.

Yaunfitda

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Lol, are you following Bakkt now?

Quote

Bakkt Volume Bot
‏ @BakktBot
3h3 hours ago

∙ Today's volume so far: 628 BTC
∙ Last traded price: $9,375.00
∙ Trading day progress: 86%

https://twitter.com/BakktBot/status/1189383874838704129

the 7 BTC traded that the OP was mentioning was since their launch, I know it's gonna disappointing, but it looks like they have rebounded in the last week or two, even reaching all-time-high in their trading volume.

And they Bakkt bitcoin options on futures to launch December 9: an industry first. So obviously, everything is looking bright right now with regards to Bakkt trading. Everyone has been hyping or least waiting for Bakkt to be the next catalyst, so let's see how it pan out.

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Quote from: Astvile on October 23, 2019, 06:34:39 AM

Low volume from early days of its release is pretty normal bro. Yes I get it that you're maybe confused on why only 7 btc is traded in bakkt after all those hype. Lets give it a little bit more time so we can see the full potential of it.
The hype bakkt had created didn't give any big fruits on its first day but I think as time goes by bakkt will grow bigger and more volumes will be expected.

Today i read an article about the app of bakkt to make payments. This will allow tons of users to pay with bitcoins and in this point we should see a bigger volume. Because 7 BTC is a really low amount for a big size company as bakkt.

I think the problem with bakkat is the trust the coin, people know how bitcoin represents a big risk, and they are afraid of that. Only people who like big risks will flip the coin.

DatKing

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It seems Bakkt has potential for the future. It failed to satisfy when it was first launched. But Bakkt has started to pull itself together and gives green light to the future. I hope it will come to a way better levels than now and we will be happy about Bakkt.

jets567

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Quote from: Astvile on October 23, 2019, 06:34:39 AM

Low volume from early days of its release is pretty normal bro. Yes I get it that you're maybe confused on why only 7 btc is traded in bakkt after all those hype. Lets give it a little bit more time so we can see the full potential of it.
The hype bakkt had created didn't give any big fruits on its first day but I think as time goes by bakkt will grow bigger and more volumes will be expected.

Totally! Bakkt is still on early stage so don't expect too much, I don't get it why some people giving a lot of negative views with Bakkt knowing that it could provide a good impact in crypto-space in the long run. We should give Bakkt a little space and maybe after a few year we will see its full potential.

Astvile

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Low volume from early days of its release is pretty normal bro. Yes I get it that you're maybe confused on why only 7 btc is traded in bakkt after all those hype. Lets give it a little bit more time so we can see the full potential of it.
The hype bakkt had created didn't give any big fruits on its first day but I think as time goes by bakkt will grow bigger and more volumes will be expected.

ivakar

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something goes wrong here(
the expectations were really high in the beginning and we have what we have
I've just googled some more recent data about BAKKT trades, but not much info I found, but quite a lot of posts/news how excited people were before and after the launch of BAKKT..
sadly now there are no excited posts... but maybe it will work out?

cryptoknightt

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it's really terrible if only using a little trading capital like that won't be able to move the place of exchange and I think it's just a joke that can be used to try to entertain traders and hopefully it's only untrue news because if it really happens then BAKT doesn't can have a good impact on the price of bitcoin.

peter0425

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Quote from: undertheradar47 on September 22, 2019, 10:42:54 PM

This was always the "moonshot bet" of the NYSE ownership, looks like an underwhelming start to Bakkt trading with only 7 BTC traded.

How will Wall Street react to Bitcoin-settled futures?

https://www.instagram.com/p/B2vLp43pI2A/

Everything starts in small trades ,the problem with BAKKT is the over expectations that’s why people are very disappointed with the outcome after release but eventually it will be understand and gain investors as I believe that this is one good for our future preferences

Quote from: Mandoy on October 16, 2019, 10:28:05 PM

In the link you have given on Instagram there was no mention of 7 btc being traded. The only thing mentioned is this:

" At 8:02pm EST, the first Bitcoin futures contract was traded at a price of $10,115 per BTC.
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
How will Wall Street react to the launch of Bakkt’s Bitcoin futures exchange and ICE’s ‘moonshot bet’?"

https://www.instagram.com/p/B2vLp43pI2A/

I hope you can place the link where you derived the figure which is 7 btc. At the moment I guess Wall Street will not really mind since Bakkts's bitcoin futures exchange volume has just started. But if the volume will increase and the number of users/investors at Bakkt then that will be the time when wall street will be threatened and possibly will launch its own bitcoin futures.

Sometimes exaggeration is really the problem in this market when people reacting too much for things they don’t really understand

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Quote from: noormcs5 on October 06, 2019, 02:06:53 AM

Quote from: bitbunnny on September 23, 2019, 06:09:17 AM

I have the feeling that users have to high expectations from Bakkt but at the end they might get disappointed.
It's only the begininig but and it takes some time to see the effects but I don't think that will influence Bitcoin significantly. Still I wouldn't like to make conclusions at the moment, let's wait a while.

Bakkt platform will have an impact on the bitcoin but this is not going to happen in days or weeks. In the coming months the Bitcoin will be more stable only because of bakkt.
One thing more which I would like to add here is that Bitcoin would have dump to 6000$ again but maybe it is because of the bakkt investments it is not dumping and stable at $8000. We cannot ignore the bakkt factor.

Same as what I understand,the problem about BAKKT is being expected to bring Fortune to everyone in which resulted to mass expectations.
This is the reason why it brings nothing but failure,some take advantage of the situation and added more negative effect

But if will look at this in the long run?we can find the true value why BAKKT is created and just like everything in this market all starts from zero ,even bitcoin took years before being supported so let’s just wait and don’t rus about matter

metallica101

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Quote from: undertheradar47 on September 22, 2019, 10:42:54 PM

This was always the "moonshot bet" of the NYSE ownership, looks like an underwhelming start to Bakkt trading with only 7 BTC traded.

How will Wall Street react to Bitcoin-settled futures?

https://www.instagram.com/p/B2vLp43pI2A/

See, that's the problem with hype — everyone expects that the new thing will magically solve all of the problems or be a major success right off the bat. It took BTC 9 years to reach 20k, it didn't do it within a month. Similarly, just because Bakkt got launched, it doesn't mean that institutions would just rush over and start throwing their money into crypto space. The fact that any trading has been done so early on is a pretty good start. There were no incidents, which is also good. Now, let the hype die down, and let institutions slowly tra to experiment with the exchange, one $ at a time if need be.

Kyraishi

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Quote from: undertheradar47 on September 22, 2019, 10:42:54 PM

This was always the "moonshot bet" of the NYSE ownership, looks like an underwhelming start to Bakkt trading with only 7 BTC traded.

How will Wall Street react to Bitcoin-settled futures?

https://www.instagram.com/p/B2vLp43pI2A/

This doesn't really showcase proof of how much has been traded, and it's Wall Street so who would really be so fast to get some BTC. Let's have some patience.

It's died down for sure though, over the last month it seems like no one just really cares about Bakkt anymore, and no one in wall street really enjoys speculating into BTC.

Mandoy

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In the link you have given on Instagram there was no mention of 7 btc being traded. The only thing mentioned is this:

" At 8:02pm EST, the first Bitcoin futures contract was traded at a price of $10,115 per BTC.
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
How will Wall Street react to the launch of Bakkt’s Bitcoin futures exchange and ICE’s ‘moonshot bet’?"

https://www.instagram.com/p/B2vLp43pI2A/

I hope you can place the link where you derived the figure which is 7 btc. At the moment I guess Wall Street will not really mind since Bakkts's bitcoin futures exchange volume has just started. But if the volume will increase and the number of users/investors at Bakkt then that will be the time when wall street will be threatened and possibly will launch its own bitcoin futures.

Wintersoldier

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Quote from: be.open on September 23, 2019, 02:44:01 AM

Quote from: undertheradar47 on September 22, 2019, 10:42:54 PM

This was always the "moonshot bet" of the NYSE ownership, looks like an underwhelming start to Bakkt trading with only 7 BTC traded.

How will Wall Street react to Bitcoin-settled futures?

https://www.instagram.com/p/B2vLp43pI2A/

Easy, man, this is not the time to draw hasty conclusions after several hours from the start of the Bakkt service. And yes - there is no rush demand.

in fact, almost every project in cryptospace is considerably sufferring in the beginning. There's no project that booms after it is just get released. Even bitcoin which started all of it suffered way back 2011, hopefully, a good marketing strategy and platforms yields its success. Let this be an inspiration and a standard in viewing projects holistically. A success will be achieve slowly, but surely.

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