only this time around in crypto.
Topic: Bakkt is coming: will this be biggest crypto week ever and set off bull run? - page 2. (Read 749 times)
September 21, 2019, 06:21:02 PM
I dont believe it will mean much to the price. It is mostly for the large corporate investors to make their move with the swing of the price. Nothing more but making the rich get richer..
only this time around in crypto.
only this time around in crypto.
September 21, 2019, 04:58:11 PM
I am only looking forward to the upcoming halving that will happen next year, I feel like that's when the next bull run will take place.
We have no concrete evidence to back that up. I know we are counting on that upcoming halving, but it's possible that nothing will happen. Look at Litecoin's last halving event, nothing happened.Litecoin got its halving pump, just not when everyone expected it. Look at LTCBTC's performance from last December to April. It nearly tripled in price during a time when most altcoins were bleeding against BTC. There was even an attempt on the highs again in mid-June.
Sellers front ran the halving cycle by a couple months and sold into the hype. Smart money being smart!
September 21, 2019, 04:11:01 PM
I don't think it will have much of an effect because we knew BAKKT was coming since last Summer. And most people these days probably won't actually use it.
I think the CME and CBOE futures had a bigger effect on the market its because aside from Crypto exchanges it would be the first place where certain retail and institutionals could trade bitcoin. So thats why it created a huge price surge.
The next event that can cause another surge like that is maybe some ETF actually getting approved. However even if that happens its years away and most likely when news comes out of a ETF approval, it will be another "buy the rumor, sell the news" type of event.
Either way, lets see what happens on Monday.
I think the CME and CBOE futures had a bigger effect on the market its because aside from Crypto exchanges it would be the first place where certain retail and institutionals could trade bitcoin. So thats why it created a huge price surge.
The next event that can cause another surge like that is maybe some ETF actually getting approved. However even if that happens its years away and most likely when news comes out of a ETF approval, it will be another "buy the rumor, sell the news" type of event.
Either way, lets see what happens on Monday.
September 21, 2019, 03:59:31 PM
Bakkt may not possibly push up bitcoin price short term but the main point here is bitcoin's potential to become mainstream. Bakkt launching means bitcoin is already legit and acceptable with open arms especially in the US where SEC being always adamant.
I have the same opinion as you, while lot of people are waiting for a bull run at any moment to close the year at higher levels than 10k USD, I belive that the most important benefit will the potential to BTC become more popular and people lose the fear of investing in BTC
The price in a short term is not the most important
September 21, 2019, 03:34:19 PM
Bakkt is coming: will this be biggest crypto week ever and set off bull run?
Whole 2013, 2014 and most of 2015 Gemini was praised to change everything. Winklevoss twins that invented facebook will make a magic exchange that will bring Bitcoin to everyone. Wall street, banks, corporations. Everywhere. Long three years of hype. And what happened at end? Nothing in 2015. Nothing in 2016. Nothing in 2017. Nothing in 2018. and you guessed right nothing in 2019.
September 21, 2019, 03:12:57 PM
What if BAKKT comes and then nothing happens?
I believe there will be almost no effect or if there is an effect it would be price manipulation in conjunction with some big news blasts about it, hyping it up so much that everyone believes it was because of Bakkt. I think Bakkt is a big deal, but manipulation of the entire crypto market is much, much bigger.I am only looking forward to the upcoming halving that will happen next year, I feel like that's when the next bull run will take place.
We have no concrete evidence to back that up. I know we are counting on that upcoming halving, but it's possible that nothing will happen. Look at Litecoin's last halving event, nothing happened. Also look at previous Bitcoin halving events when price spiked outrageously. Those previous halving events were possibly manipulated in a big, big way. 
September 21, 2019, 02:45:27 PM
Bakkt will definetely bring something good to the Bitcoin market. Will it also increase the price it's yet to see. To my opinion that is possible but only on short term. It will not be the long term bull run.
Although I don't think Bakkt is a revolution, maybe just a step forward towards better Bitcoin acceptance and regulation.
Although I don't think Bakkt is a revolution, maybe just a step forward towards better Bitcoin acceptance and regulation.
September 21, 2019, 01:55:31 PM
What if BAKKT comes and then nothing happens? I am only looking forward to the upcoming halving that will happen next year, I feel like that's when the next bull run will take place. This internationally backed exchanges or whatever it is, is getting too much hype and at the end it might still disappoint. As much as I can remember, the last bull run was triggered after we had the BCH fork. The price of bitcoin went down and within a short time it started going up and from there it went for a bull run and reached a high price around December. I'm thinking it might be the same thing. BAKKT might get launched and things will still be normal as it is. Unless it's truly going to attract huge institutional money like some experts have said. If it happens that way, then the price will move up and will keep going up until maybe the next fork takes place?. Well, whatever it is that will make the price to go up, I am just ready for it. We have been waiting for a long time for the bull and I have been saving my assets all these while for it.
September 19, 2019, 08:36:25 PM
Although the increase is very low, however, this is a good sign for us. This short-term increase seems to be a signal for a strong revolution in the near future. Please be patient.
September 19, 2019, 07:33:52 PM
Bakkt may not possibly push up bitcoin price short term but the main point here is bitcoin's potential to become mainstream. Bakkt launching means bitcoin is already legit and acceptable with open arms especially in the US where SEC being always adamant.
September 19, 2019, 07:21:23 PM
bakkt launch on September 23,and september 27 is future quarterly settlement date.i think that was a interesting moment.
September 19, 2019, 01:27:02 PM
There could be new money coming in the ecosystem, but I don't see that it will be enough.
I am with you. I won't expect too much on Bakkt issue. Bakkt may bring something good but it should be temporary impacts.
~snip~ a progress like BAKKT is what we need for that to happen, no more delays and no more cancelation that’s what investors is waiting for.
In fact, it is not like all investors expect. There is always a delay after delays. And finally, they are bored with Bakkt. Then, the hype has already gone.
Yes, the hype lasted only last year because everyone of us needed it just to see the market recovering back again. But it was very clear that we did not even have to depend on the Baakt operation to have a bullrun of btc which happened on the 2nd quarter of this year. Baakt is a good inclusion but I don't think that it will be very beneficial like it will trigger an altseason or some sort of things like that.
September 19, 2019, 11:58:13 AM
This topic is all hype. Certainly Bakkt is going to be pretty big and everything but this topic contains too much hype.
September 19, 2019, 11:19:45 AM
Such news are spreading in the community just because the year end is near and it's time for FUD and FOMO to spread and create a bull trap.
Stay awake! Be aware!
Don't fall for something that you would regret later.
Stay awake! Be aware!
Don't fall for something that you would regret later.
September 19, 2019, 10:30:42 AM
Well, if a bull run is on its way, it had better hurry up, since BTC has just dropped below $9.900, alongside the altcoins this time.
right now , there is no solid evidence yet that this bakkt thing can cause the price to rise .It is because probably they already collected/bought the needed Bitcoin for BAKKT initial operation. But the following day would be crucial since there might be some group of whales to ride the timing of Bakkt being launch and pump the price of Bitcoin. We all know that Bitcoin market always surprise us.
right now what we are only seeing is a pure speculation but happy thoughts can lead to one user to invest in order to prepare so this thing can sill contribute on the price somehow but you can still continue to invest on btc and altcoins with or without these events because you said that thier prices are now decreasing so you should not miss that great oppurtunity .
True that, all are only speculation. We really do not know what will happen, saying something before the day happens is a mere guess or personal opinion.
September 19, 2019, 09:30:53 AM
Bakkt launch will definitely be the best event in crypot many financial institutions are coming to the market and they are planning to trade cyypto in big way we can see btc pump to 15k in this month
Wanna bet on that?
If on my first day in the job at Institutional Inc I walked into my boss's office and said 'sir, the crypto market is looking awful quiet. Shall we start a massive pump,?' the response is unlikely to be 'y' know what? That's a great idea. Call the pump department right now and here's a raise for you.'
It's a tad more nuanced overall.
September 19, 2019, 09:02:08 AM
Bakkt launch will definitely be the best event in crypot many financial institutions are coming to the market and they are planning to trade cyypto in big way we can see btc pump to 15k in this month
September 19, 2019, 08:15:54 AM
Well, if a bull run is on its way, it had better hurry up, since BTC has just dropped below $9.900, alongside the altcoins this time.
right now , there is no solid evidence yet that this bakkt thing can cause the price to rise .right now what we are only seeing is a pure speculation but happy thoughts can lead to one user to invest in order to prepare so this thing can sill contribute on the price somehow but you can still continue to invest on btc and altcoins with or without these events because you said that thier prices are now decreasing so you should not miss that great oppurtunity .
September 19, 2019, 07:04:38 AM
There are too many hype around bakkt but i believe that this release can really pump the market
September 19, 2019, 06:59:20 AM
Well, if a bull run is on its way, it had better hurry up, since BTC has just dropped below $9.900, alongside the altcoins this time. Also, it doesn't count if the prices simply sink and then return to original levels. Bitcoin was unnaturally stable recently, which made it only a matter of time before it went either up or down. Even so, drops often tend to come before large surges, so you might be up to something. It will definitely be interesting to see whether or not BTC will react to Bakkt launch, and how. Although, to be honest, it doesn't seem like a lot of people are expecting much to happen.
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