Topic: BAKKT launching tomorrow but BTC price falls? - page 2. (Read 862 times)
For me, these all dump seems a corporate coordination by some big whales of institutional investors. Whenever I see a big and a quick dump like this, I just smile becuase it may just almost double again. Only the heart remains unshaken.
Its clearly a wrong timing so hopefully that they have postponed the launching as the market is really not in good shape right now making more holders to become panic selling and making the new comers to become more afraid to invest in crypto currency environment.
I don't think it's wrong timing, remember that Bakkt was supposed to go live in 2018, and people have been waiting for this because it's supposedly push the price of bitcoin. However, the opposite happen, and what make it worst though is that the flash crash and others attributed it to the bakkt launching. But we can't really say what really happen or if it really has something to do with whales manipulating the price again.
Maybe it's not the Bakkt's fault but those investors who panic sell because of the current issue of hashrate? Because we all know that Bakkt is good news to us all. Although it's not making the price up now, it will gradually help with the adoption of Bitcoin as it helps more people to join cryptocurrency. We just need to be patient and you'll see those greens again.
There's a lot of patience that is needed from how the situations are showing the entire market, the launch of bakkt project seems to have some excitement from the whales and they are really playing smart shaking every weak holders emotions. The downfall can be an artificial which created by bigger holders who wanted to hold more from the cheap value currently showing around.
When the price will go low, whales will accumulate. Due to this accumulation, price will then increase. In current circumstances and at current levels, 5k does not seem probable. I am not some expert though.
Usually price goes to the opposite direction compared to what people think.
Usually price goes to the opposite direction compared to what people think.
I think some investors want to buy bitcoin cheaper than $10k. This won't last long like last year. Once they accumulate enough amount it will rise again. There will be a halving next year so anyone is filling their bags full. Every halving the price of bitcoins gets expensive.
If the mainstream investors and the Wall Street giants enter the cryptocurrency market, then they will try to manipulate the exchange rates for their own benefit. During the past two weeks, the prices have crashed by more than $2,000 per coin (~20%), without any solid reason. The only explanation I can think about is market manipulation by the whales.
More than $50 billion was wiped out from the cryptocurrency market capitalization as a result of this crash, with some of the altcoins going down even more than Bitcoin (especially Ethereum and Litecoin). The impact from Bakkt is very difficult to measure, but given the low volumes I assume that it didn't played a very large role in the market correction.
Maybe it's not the Bakkt's fault but those investors who panic sell because of the current issue of hashrate? Because we all know that Bakkt is good news to us all. Although it's not making the price up now, it will gradually help with the adoption of Bitcoin as it helps more people to join cryptocurrency. We just need to be patient and you'll see those greens again.
Why isn’t the official launch of BAKkT driving btc prices up but instead it’s going the opposite way?
Are investors afraid of a massive dump coming up or what are the possible reasons there isn’t any traction for BTC price ?
Same question in my mind mate BAKKT supposed to bring fortune for Bitcoin but now it seems that falling to lowest is what bitcoin gotAre investors afraid of a massive dump coming up or what are the possible reasons there isn’t any traction for BTC price ?
Anyway I am also thinking that Whales sabotaged the prices as the capitalization falls high from 270$ billion and now drop to $220 billion and looking for more less because there’s a speculation that the fall will stop the floor at $6,000 level
It's funny because people are expecting a rise of BTC, analysts, people in general were sure that the price was going to the moon, but again BTC do it's own terms
As I've been saying, it's time to realize that the price os 10k USD is very good until the end of the year, the 20k USD or 50k USD people are saying, it's far away
As I've been saying, it's time to realize that the price os 10k USD is very good until the end of the year, the 20k USD or 50k USD people are saying, it's far away
Until now, in the information space a lot has been expressed about expectations regarding the trading of Bitcoin futures. Many analysts predicted an active increase not only in Bitcoin prices, but also in the entire cryptocurrency market. Perhaps what is happening on the market today is primarily the manipulation of speculators and big whales to correct their mistakes before a bull run.
Apparently Bakkt was not as attractive as we expected. Investors have sluggishly shown interest in bitcoin futures, or maybe they are only studying how it works and whether it has a profit. But we have a fact bitcoin has fallen and we are on the verge of a bear market
I think the price movement won't just start now or even this week. Sentiment also contribute to how orders are made. The sentiment has been that price drop is eminent, so maybe that might play out first.
Do you think that there will be a rise in Bitcoin? Although if you think about it, the price is too attractive to buy coins at a 'wholesale price' and make money on Bitcoin futures
Why isn’t the official launch of BAKkT driving btc prices up but instead it’s going the opposite way?
Are investors afraid of a massive dump coming up or what are the possible reasons there isn’t any traction for BTC price ?
Are investors afraid of a massive dump coming up or what are the possible reasons there isn’t any traction for BTC price ?
Apparently the opinions of people and major players diverged. We hoped for Bitcoin growth, and as a result, the launch of Bakkt led to a bear market. Sad
Why isn’t the official launch of BAKkT driving btc prices up but instead it’s going the opposite way?
Are investors afraid of a massive dump coming up or what are the possible reasons there isn’t any traction for BTC price ?
Are investors afraid of a massive dump coming up or what are the possible reasons there isn’t any traction for BTC price ?
The fall of Bitcoin by 15% per night was a big surprise. I can not find an excuse for this, because it was extremely unexpected after the launch of Bakkt. Looks like this is the beginning of a bear market.
Perhaps, this is just another adjusted of the price that always happens before the price can increase so high. Usually, if the price is down too deep, the price will be running to a higher rate. So we can expect and hope that the price will be on another bull run that could happen in anytime so if we can use this time to buy bitcoin, we will see a bigger profit later. You don't have to buy bitcoin again if you think that the price will go down deeper than now because that will depends on how we analyze the price and the trends. But I guess that people will still buy bitcoin at now because they see that now, they see an opportunity to get bitcoin at a low price.
Unexpectedly, many people thought that with the launch of BAKKT, the price of Bitcoin would increase dramatically, but the opposite happened, the price of Bitcoin plunged freely, I also think that this is just a price correction for the next price increase where I am sure the price of Bitcoin will reach $ 15,000 by the end of this year. So keep calm. Why isn’t the official launch of BAKkT driving btc prices up but instead it’s going the opposite way?
Are investors afraid of a massive dump coming up or what are the possible reasons there isn’t any traction for BTC price ?
Are investors afraid of a massive dump coming up or what are the possible reasons there isn’t any traction for BTC price ?
Many expected Bitcoin price growth after the launch of Bakkt. Perhaps investors are exploring how Bitcoin futures work and are waiting for an attractive BTC price to buy a lot and than go Bakkt platform, who knows
Nothing new here, just whales manipulating the market again using the fear over bakkt 
the final target is getting more btc cheaper.
Be prepared for some BTC discounts
If you are about to sell any BTC atm.. do it and exit.. otherwise buy or hodl.
the final target is getting more btc cheaper.Be prepared for some BTC discounts
If you are about to sell any BTC atm.. do it and exit.. otherwise buy or hodl.
I don't think that price fall has anything to do with Bakkt, I would say it's pure coincidence.
Although many expected just the opposite, that Bakkt will bring price rise. However there is no need to be worried or to panic, it's nothing unusual about this price correction, it's just part of volatility so don't look for conspiracy theories.
Although many expected just the opposite, that Bakkt will bring price rise. However there is no need to be worried or to panic, it's nothing unusual about this price correction, it's just part of volatility so don't look for conspiracy theories.
Bakkt was launched but it didn't effect the Bitcoin price in a good way yet. The fall of the price still continues and it is making me curious about when it will stop. I was expecting the opposite reaction from Bitcoin after this news.
Get used to it mate, not all good news inside the crypto sphere makes the price soar high. Actually, the sad truth is that FUDs are stronger market influencers compare to good news/adaptation like this 
. Besides, the news about Bakkt is no longer fresh. It already lose its hype after its postponement beforw and maybe that is the reason why people seems not interested to it anymore. 
If bitcoin has taught me anything is that good news don't necessarily correlate with price increase.
"Buy the rumor, sell the news".
"Buy the rumor, sell the news".
Well said!
Also people tend to forget that Bakkt news were used (or attempted) for pumping the price, almost nobody seems to be impressed anymore.
Bakkt is quite overrated honestly. Not surprised it went this way.
Why suddenly judge? price fall, that's normal, we've seen this big fall even before Bakkt so we can't blame that to Bakkt launch.
The thing is, most of the investors always think of the short term, that's why they easily panic without realizing the norms in the market that it's volatile and pump and dump are happening, so calm down and relax, price will again correct and we will be seeing it again at $10K.
Week ago when there is drop in price, it was predicted if the resistance level of $9500 gets broken we'll see the price falling low to $8000. By that time the price reached $9500 and bounced back reaching $10200 in a short time. This time that prediction has come true, the price first dropped to $9500, further it has fallen to $8500 very soon.
Perhaps, this is just another adjusted of the price that always happens before the price can increase so high. Usually, if the price is down too deep, the price will be running to a higher rate. So we can expect and hope that the price will be on another bull run that could happen in anytime so if we can use this time to buy bitcoin, we will see a bigger profit later. You don't have to buy bitcoin again if you think that the price will go down deeper than now because that will depends on how we analyze the price and the trends. But I guess that people will still buy bitcoin at now because they see that now, they see an opportunity to get bitcoin at a low price.
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