Topic: Bakkt postponed to january 2019 (Read 1020 times)
With the government shutdown in the U.S, Bakkt will be affected, there is no indefinite delay. At this point, If anyone is expecting it, you should expect the worst.
As i see we are starting in january 2019 and no huge price of coins that pumping right now but in this past days ethereum get pumping looking forward from it and maybe it will pump again after fork.
Is a heavenly invested project they may have to both shoulders before going in because at the end of the day the inevitable dump will most likely happen buy some people looking to make quick cash out of it The good thing they can do is to avoid DEX and then find a very good exchange and possibly buy-back
Bakkt is not responsible for the drop in the price of bitcoin, bitcoin abinitio has been falling before the news. However, bitcoin market is still bearish and hopefully, there will be reversal and uptrend in the coming months!
Before long all these puzzles will fall into place and the true picture of how things stand will emerge. In all of this I strongly believe that no matter what bitcoin has come to stay and it isn't going anywhere, whether Bakkt or ETF fails or not. 
January 24th is just 3 weeks away, we will see if they will postpone again or not, if they do postpone again we can say it had nothing to do with investment but if they do not postpone than we can assume it was for the investment.
I do definitely agree with this line. 3 weeks isnt too far as of this moment and all we need is to wait and for those who wait up for this event will eventually see on what lies ahead on that particular date.Postpone or not then it would be known later on.
Bakkt raised about 182 million dollars before they started out now.
Maybe that's what they were waiting for ? They were expecting some sort of investment and before that investment began they didn't want to start the ETF ?
If that is the case I could totally understand why they would delay it couple of times until the deal was struck, they do not want to start with their money and move on with others, they want the other money to partner up on the potential risks as well, who would want to prove that everything works and than get investment afterwards when they can share the risks ?
January 24th is just 3 weeks away, we will see if they will postpone again or not, if they do postpone again we can say it had nothing to do with investment but if they do not postpone than we can assume it was for the investment.
Maybe that's what they were waiting for ? They were expecting some sort of investment and before that investment began they didn't want to start the ETF ?
If that is the case I could totally understand why they would delay it couple of times until the deal was struck, they do not want to start with their money and move on with others, they want the other money to partner up on the potential risks as well, who would want to prove that everything works and than get investment afterwards when they can share the risks ?
January 24th is just 3 weeks away, we will see if they will postpone again or not, if they do postpone again we can say it had nothing to do with investment but if they do not postpone than we can assume it was for the investment.
As i see we are starting in january 2019 and no huge price of coins that pumping right now but in this past days ethereum get pumping looking forward from it.
Don't know if it was mentioned here or not but its because it was post-poned again. They basically announced good news and bad news.
Bad news is that its getting post-poned to early 2019 which can be pretty much anytime until the Summer, no specific date like before.
However good news is that they raised almost $200 million dollars which is pretty impressive in a bear-market. Hence this is very bullish developement in my opinion.
In the end this news are just news, bakkt like etf are just organizations that can boost popularization of crypto or not, I don`t think they can affect the price a lot. We were here long before all that ideas started, just news about it are good for bitcoin, more people will see that, some people will want to know more and they will come here. Bitcoin will be bigger than those organization we seek approval right now, its logical, bitcoin was very small, now its big enough to be mentioned by big players, soon it will be bigger than all of them. Just give it a time.
Bakkt is not responsible for the drop in the price of bitcoin, bitcoin abinitio has been falling before the news. However, bitcoin market is still bearish and hopefully, there will be reversal and uptrend in the coming months!
As i see we are starting in january 2019 and no huge price of coins that pumping right now but in this past days ethereum get pumping looking forward from it.
Don't know if it was mentioned here or not but its because it was post-poned again. They basically announced good news and bad news.
Bad news is that its getting post-poned to early 2019 which can be pretty much anytime until the Summer, no specific date like before.
However good news is that they raised almost $200 million dollars which is pretty impressive in a bear-market. Hence this is very bullish developement in my opinion.
it seems like this delay is useful for those who want to buy a bitcoin at the lowest price,
but for those who are HODL and still losing in this downtrend, they may have to increase patience or if they want to continue to get profits, they may have to stop HODL and choose cutloss and resume trading.
People got greedy at some point last year, and that was what triggered this. Basically, the whales will do everything in their power and resources to make sure that those greedy ones lose hope and get tapped out eventually. The main reason we keep getting some questions right now on this forum when it comes to what is happening to the market, is because a lot of people do not understand how a market is fashioned and then since they became a victim of buying at the peak based on FOMO, they are counting their losses in dollars instead of just realizing their mistakes and making simple amendments by trying to see a good time to get in lower, but instead looking for something triggering the dumps in the market.but for those who are HODL and still losing in this downtrend, they may have to increase patience or if they want to continue to get profits, they may have to stop HODL and choose cutloss and resume trading.
it is true that there are still people out there who are greedy, and yet we cannot take them out of here so easily due to this is business and a kind of investment scheme in online thru trading in bitcoin. And sounds good to hear were Bitcoin will become 100k$ but hard to believe for now, and because of the whale investors who manipulated the market or controlled it the things we can do for now is to become a bullish and I think also that BAKKT has a big impact once it has been release in the market in my opinion.
People tend to relate one thing to another thing at the same time.
Maybe it's coincidence, or not.
Maybe it's coincidence, or not.
it seems like this delay is useful for those who want to buy a bitcoin at the lowest price,
but for those who are HODL and still losing in this downtrend, they may have to increase patience or if they want to continue to get profits, they may have to stop HODL and choose cutloss and resume trading.
People got greedy at some point last year, and that was what triggered this. Basically, the whales will do everything in their power and resources to make sure that those greedy ones lose hope and get tapped out eventually. The main reason we keep getting some questions right now on this forum when it comes to what is happening to the market, is because a lot of people do not understand how a market is fashioned and then since they became a victim of buying at the peak based on FOMO, they are counting their losses in dollars instead of just realizing their mistakes and making simple amendments by trying to see a good time to get in lower, but instead looking for something triggering the dumps in the market.but for those who are HODL and still losing in this downtrend, they may have to increase patience or if they want to continue to get profits, they may have to stop HODL and choose cutloss and resume trading.
I belive it was one of the triggers that caused this dump.
If there is no market dump reaction during the latest rejection this year then how much more if it was just postponed? I believed that there is still no dump reaction even it will be rejected again but i want to see the market reaction if it will be accepted by the SEC that it might trigger the bullish run.
It could be about the SEC decision on 29th. SEC has to either accept or decline the Bakkt or generally any ETF at this point until 29th December and if Bakkt doesn't wait for them and just does it anyway they will be in big danger. First of all if it gets accepted they are fine afterwards but promising people ETF sales without actually having the right to do so will cause them a small amount of trouble even if its just 2 weeks.
However, if it got rejected than Bakkt would have been in huge trouble giving people option to invest their money into something that basically doesn't really exists or legally exists. Hence they had to postpone it until the 29th in order to wait for the SEC to decide and according to what happens they will move with it. However if Nasdaq and Nyse is in this already, it means SEC will accept it for sure.
However, if it got rejected than Bakkt would have been in huge trouble giving people option to invest their money into something that basically doesn't really exists or legally exists. Hence they had to postpone it until the 29th in order to wait for the SEC to decide and according to what happens they will move with it. However if Nasdaq and Nyse is in this already, it means SEC will accept it for sure.
I belive it was one of the triggers that caused this dump.
If there is no market dump reaction during the latest rejection this year then how much more if it was just postponed? I believed that there is still no dump reaction even it will be rejected again but i want to see the market reaction if it will be accepted by the SEC that it might trigger the bullish run.
I belive it was one of the triggers that caused this dump.
I just want to add something about what you just said bro. There are two altcoins why bitcoin got dumped so badly first it is because BCH
then followed by Bakkt where it went down more after BCH. But even is like that, the situation became more favorable to those have more capital to buy more altcoins that also dumped their price value in my perceptions.
This was announced a couple of hours ago only. Also, It's only postponed and not canceled so I don't see why and how this would trigger the dump.
what is later feared is that this kind of event will always be postponed until sometime it will be held, so the party in charge is not actually the year of the original implementation schedule, they postponed it only to calm the market
This was announced a couple of hours ago only. Also, It's only postponed and not canceled so I don't see why and how this would trigger the dump.
this could have been a trigger for the dump because with the delay, some or even most people would choose to save FIAT or transfer their assets in other forms, yes, nothing else but to take profits in other forms, they thought the HOLD in undetermined time was more or less like just wasting time
Postponing Bakkt was a good sign in my view , It means they want to investigate more bout it and if they wanted to reject it why would they need more time to search about it ?
Market acts emotionally , I don't think this dump is logical , It would get back soon .
Market acts emotionally , I don't think this dump is logical , It would get back soon .
While Bakkt was very vital in triggering a bull run, not sure it was the reason for the current depressed state of the market. The Bitcoin Cash war played a very big role in further causing a drop in the market as it forced a lot of sell offs
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