The recent bitcoin price volatility is extremely low and I don't know what to expect.
Bakkt won't bring any major change on the cryptocurrency markets.The institutional investors will continue to stay away from bitcoin.There's bitcoin futures trading on CME.With or without physical btc settlement,I don't think it really influences the bitcoin price that much.
Topic: Bakkt is coming: will this be biggest crypto week ever and set off bull run? - page 3. (Read 758 times)
September 19, 2019, 06:19:44 AM
September 19, 2019, 06:10:00 AM
Bakkt!? Do you think they should be trusted?
They are making a change to the entire bitcoin network through the service offered. From the information gathered about Bakkt I believe there is more chances for people have more trust upon bitcoin. Bakkt is going to serve as the trusted platform to serve the common people who have been hesitant to invest on bitcoin considering its volatility.We will know what can be the effects of this after being launched. After that, we will be able to have our own assessment concluding whether it's served its purpose, helping crypto to be accepted and adopted.
September 19, 2019, 05:52:46 AM
Bakkt!? Do you think they should be trusted?
They are making a change to the entire bitcoin network through the service offered. From the information gathered about Bakkt I believe there is more chances for people have more trust upon bitcoin. Bakkt is going to serve as the trusted platform to serve the common people who have been hesitant to invest on bitcoin considering its volatility. September 19, 2019, 05:51:01 AM
You see the good thing about hodling Bitcoin on a gain is the best time to participate in any speculation now. I know that a lot of people are turning their attention to news related to the launch of BAKKT so this is the best time for them to speculate right now because the risk involved is mitigated by the margin of safety we have. Even if we still don't know how the market will react with this news I know that it is still considered a win win for us. We don't depend on any news but wait for the actual price movement to happen
September 19, 2019, 05:42:46 AM
Bakkt!? Do you think they should be trusted?
September 19, 2019, 03:56:10 AM
I believe that Bakkt will have a significant impact on bitcoin price in the long term because now institutional investors can trade bitcoin on "regularized"/professional exchange. But in the short term I don't think it will have major impact on the market price. 
September 19, 2019, 03:46:36 AM
Anyone notice that dump today? Is this a preparation for the launch on the 26th? Do we really need to relived the pressure at $10k? Although this is supposed to be "physically back up", but I don't see any drastic effect, if that is what average joe's wanted to see in the next coming weeks after a successful launch. Everyone should understand that investors are getting wise by the minute so I don't see anything spectacular going to happen in the market and personally not expecting bull run here.
September 19, 2019, 03:40:22 AM
This writer said Bakkt has been closely-watched by bitcoin and cryptocurrency
traders and investors, with many hoping it will usher in a bitcoin bull run
to rival the epic 2017 surge.
Bitcoin, Ethereum, Ripple’s XRP, And Litecoin Could Be Heading Into Their Biggest Week Ever.
Bakkt, is an Intercontinental Exchange-backed bitcoin platform. It was
announced last year and partners include Microsoft and Starbucks.
Here is link to article:
https://www.forbes.com/sites/billybambrough/2019/09/15/bitcoin-ethereum-ripples-xrp-and-litecoin-could-be-heading-into-their-biggest-week-ever/#5292f52f60be
Do you agree with these happy thoughts or is this just smoke in the air?
Like what happened after April Fools Day and the announcement of Facebook’s Libra Coin, I think it’s possible. However, I wouldn’t fully count on that though.
Right now, we are experiencing a pullback from $10.2k to $9.9k of BTCs price. Ethereum and others are also having a slight pullback.
I just don’t know if this is actually another accumulation strategy of the bear whales in preparation for Bakkt’s arrival. I could be wrong or right, but time will tell.
We will see that in more days to come. Cheers!
September 19, 2019, 03:27:01 AM
So, after all the hype ..is the Bakkt pump ....Rekt? 
Yeah, I suck at puns.
I have the same feeling as I watch the prices once or twice a day, even the current move I feel it's more like something that had to happen so we won't forget there are actual trades going on.
Stopped for a few months to check the prices on a regular base, and I don't see this changing too soon, I have a feeling nothing that important would happen. And even if it does...
- price goes up, don't plan to sell
- price goes down, don't have that much $ laying around to make a notable difference..
So, I'm just browsing around enjoying the impatience of some posters here
Yeah, I suck at puns.
Nah. Nothing of note of will happen.
If the existing market is bored shitless, why would the sentiment be any different via a new channel?
If the existing market is bored shitless, why would the sentiment be any different via a new channel?
I have the same feeling as I watch the prices once or twice a day, even the current move I feel it's more like something that had to happen so we won't forget there are actual trades going on.
Stopped for a few months to check the prices on a regular base, and I don't see this changing too soon, I have a feeling nothing that important would happen. And even if it does...
- price goes up, don't plan to sell
- price goes down, don't have that much $ laying around to make a notable difference..
So, I'm just browsing around enjoying the impatience of some posters here
September 17, 2019, 01:42:47 AM
Bitcoin does not depend on bakkt or else, and bitcoin will increase at the right time, which all people don't know when. That is great if there is any approval for the other, but I don't think that it will push the price to increase or rally after it's release. But if after it's launch the price can increase so high, and even the price can start the rally, then it will be good for us because we see the next of bull run that will happen after the approval. But still, we need to be patient until the time for the bull run comes.
September 17, 2019, 01:16:17 AM
Do not expect to see fireworks. Bakkt already bought the bitcoins for the warehouse to support the physical coins that is needed to support this physically settled bitcoin futures contracts. So you are not going to see a sudden spike in the price, because Bakkt is not going to buy millions of dollars worth of coins now. 
This is just hype:
https://siliconangle.com/2019/09/15/analysts-predict-bitcoin-boom-times-ahead-bakkt-futures-launch/
Also, https://cointelegraph.com/news/bitcoin-deposited-in-bakkt-warehouse-protected-by-125m-insurance - The price of Bitcoin will not even see a major boost with only 125 million dollars worth of Bitcoin being bought and sold on exchanges. These bitcoins that are traded on the Bakkt platform are not reflected on the exchanges that determine the Bitcoin price. 
This is just hype:
https://siliconangle.com/2019/09/15/analysts-predict-bitcoin-boom-times-ahead-bakkt-futures-launch/
Also, https://cointelegraph.com/news/bitcoin-deposited-in-bakkt-warehouse-protected-by-125m-insurance - The price of Bitcoin will not even see a major boost with only 125 million dollars worth of Bitcoin being bought and sold on exchanges.
These bitcoins that are traded on the Bakkt platform are not reflected on the exchanges that determine the Bitcoin price. 
September 17, 2019, 01:13:22 AM
Nah. Nothing of note of will happen.
If the existing market is bored shitless, why would the sentiment be any different via a new channel? If there was insane bullishness it would perhaps magnify it. It certainly won't create it from thin air.
If the existing market is bored shitless, why would the sentiment be any different via a new channel? If there was insane bullishness it would perhaps magnify it. It certainly won't create it from thin air.
On the contrary I have a different thought! I remember similar kind of discussions happening during the launch of CME's bitcoin future and I have seen a lot of people were optimistic about it without knowing the ground reality, that CME wasn't offering physical bitcoin settlement.
So in the case of Bakkt, it is way different because Bakkt is aiming to offer physically settled bitcoin futures contracts. This actually will help to increase the demand of bitcoin in the market, which wasn't the case of CME!
I don't see anything created from thin air in Bakkt! It's robust plan to offer institutional and accredited investors a physically settled bitcoin contract can impact the market very positively! Probably it will provide the necessary stimulus that the crypto market is looking for!
September 17, 2019, 12:15:20 AM
i don't see a price rise recently, instead, it fluctruates with amplitude shrinking. i don't anticipate a short term rise but it's definitely a good thing in a long time to come. i guess the bullish market in early months this year is encouraged more or less by such news. so the real coming of Bakkt might not be a good thing. let's see.
September 16, 2019, 10:18:23 PM
Comparing it to the "the epic 2017 surge" is absolutely exaggerated. No single launching will double the price of Bitcoin unless it is the United Nations that will launch it as its official currency, which will not happen.
The news about Bakkt has already sold out when it came out to the press much earlier. And after several postponements, the excitement has died down a lot. Less than a week before its debut, Bakkt is heard very seldom and the price of BTC is in red.
We better be crossing our fingers for this venture to be successful. This will still be beneficial in the longer term.
The news about Bakkt has already sold out when it came out to the press much earlier. And after several postponements, the excitement has died down a lot. Less than a week before its debut, Bakkt is heard very seldom and the price of BTC is in red.
We better be crossing our fingers for this venture to be successful. This will still be beneficial in the longer term.
September 16, 2019, 10:11:40 PM
I think Bakkt is the only thing that would move the price upward this year. I mean, it would give way to other investors and common people to have Bitcoin so more users are able to join in.
Although Bakkt is good news to us, I don't think that Bakkt would suddenly make Bitcoins price pump. That author is I think exaggerating it to produce more hype for the project.
Although Bakkt is good news to us, I don't think that Bakkt would suddenly make Bitcoins price pump. That author is I think exaggerating it to produce more hype for the project.
September 16, 2019, 08:42:48 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 16, 2019, 09:46:53 PM
This writer said Bakkt has been closely-watched by bitcoin and cryptocurrency
traders and investors, with many hoping it will usher in a bitcoin bull run
to rival the epic 2017 surge.
Bitcoin, Ethereum, Ripple’s XRP, And Litecoin Could Be Heading Into Their Biggest Week Ever.
traders and investors, with many hoping it will usher in a bitcoin bull run
to rival the epic 2017 surge.
Bitcoin, Ethereum, Ripple’s XRP, And Litecoin Could Be Heading Into Their Biggest Week Ever.
sounds to me that the "writer" has been bag holding a bunch of shitcoins and he wishes to recover from the 90% loss in total that he has experienced because of his bag holding. otherwise Bakkt has nothing to do with any of these shitcoins that were mentioned here. if anything it will lead to a bitcoin price rise and that rise can trigger another wave of altcoin dumps as investors migrate from altcoins back to bitcoin again, like they always do during bitcoin price rises...
September 16, 2019, 06:36:50 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.
September 16, 2019, 04:34:29 PM
There’s a small progress on the right now and maybe this is a good sign that BAKKT can bring the price up but we can’t really know until it happen. Bitcoin price should recover and 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.
September 16, 2019, 04:24:20 PM
Probably we can see a boost, but not that bull run that we all have been waiting for. There could be new money coming in the ecosystem, but I don't see that it will be enough. Bakkt made noise last year, unfortunately it took a while before they got the approval, and the hype has died down already. So don't expect a similar scenario like 2017 here, so that you won't get disappointed in the end.
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