Bakkt postponed to january 2019 - page 2.

LongerBitcoin

newbie

Activity: 55

Merit: 0

Quote from: Renaldi blackspadeteam on November 26, 2018, 07:36:01 PM

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.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: QueenW on November 29, 2018, 06:19:53 PM

As far as I know, the launch of the platform was postponed due to the large influx of investors. And this cannot be bad news. Until January 24, it remains quite a bit to wait. I hope that they will not postpone the deadline anymore.

LOL. That's not the main reason for the postponement. They decided to wait it out because (1) they need regulatory approvals for their customers (2) they are working closely with CFTC as they needed a conduct their thorough review of the offering and their warehouses. If you wanted to get the latest update, here's their official medium blog: (https://medium.com/bakkt-blog/launch-and-faqs-e1a3f7691d7b)

Also remember that this is not the first time they postponed it so it may have impacted us again this time but I'm sure when everything settles down, everyone can't do anything but be ready on the said date.

QueenW

hero member

Activity: 952

Merit: 500

As far as I know, the launch of the platform was postponed due to the large influx of investors. And this cannot be bad news. Until January 24, it remains quite a bit to wait. I hope that they will not postpone the deadline anymore.

Arthurian60

newbie

Activity: 234

Merit: 0

A lot of traders and Bitcoin holders thought for q certainty that Bakkt announcement will help Bitcoin to bounce from this current slump. Since November 15 , Bitcoin has gone -80% in terms of value. The bakkt announcement was suppose to lift up the mood of most investors but postponing the announcement is for the good of everyone.

Robertqueen2

hero member

Activity: 826

Merit: 523

Postponing Bakkt's bitcoin futures hasn't been the main factor that has caused the last dumps of the market. This decision may be a wise one as this gives more time for customers so that bulk of interest and adoption can be increased.

el kaka22

legendary

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www.Crypto.Games: Multiple coins, multiple games

Quote from: sclmte on November 27, 2018, 02:08:48 AM

since I joined here as a bounty hunter in that time I received a reward following me in their anouncement for lasting at that time always saying by this year the volume price of bitcoin increases. but until now it is still very low, It is said that this year is increasing but after all they said postpond by next year and hopefully it will happen that because many people are waiting for increasing the volume rate in bitcoin and now it's here still patient and perseverance for the future.

Of course, it is a lot useful. A lot of us have said it quite a few times that this market will rally this way till the end of the year and then probably sometimes is 2019 after a long consolidation; we might just get to see the uptrend back again. Recovery is imminent as far as I am concerned, and corrections like this are healthy as they are just corrections and nothing else.

Those who know it's a general thing to see happen in a market, and the extent of it is based on the maturity and volatility of the market, they will understand the need to be seeing great advantages now. Bakkt being postponed to January is not a challenge; the major challenge would be for people who do not see the merit in this downtrend.

sinkfish

jr. member

Activity: 252

Merit: 1

Quote from: arpon11 on November 23, 2018, 01:45:06 PM

I read this news on twitter and it seems we have to wait till that January before bitcoin and others cryptocurrencies can recover from it current deep. I have not see any reason why bitcoin should recover now and that is the most important analysis to me. I will hold what I have and invest when it gets to $3000 before January but I will hold till December next year as I am expecting another bump that time. This year should be looked as opposite of last year and since we all benefits from the last year pump we should also have patience with this year dump.

i too looking forward to it.

sclmte

member

Activity: 434

Merit: 10

since I joined here as a bounty hunter in that time I received a reward following me in their anouncement for lasting at that time always saying by this year the volume price of bitcoin increases. but until now it is still very low, It is said that this year is increasing but after all they said postpond by next year and hopefully it will happen that because many people are waiting for increasing the volume rate in bitcoin and now it's here still patient and perseverance for the future.

Renaldi blackspadeteam

full member

Activity: 504

Merit: 100

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.

minersday

hero member

Activity: 1484

Merit: 535

Quote from: 13bitcoins on November 20, 2018, 02:37:02 PM

I belive it was one of the triggers that caused this dump.

If it happened during this year, or the next one, it was gonna be exactly the same for ethereum. So i do not think that it affected it that much.

Remember that not only ethereum was dumped, the same happened to Bitcoin, Litecoin, Stellar, and all the other coins on the market

hubballi

sr. member

Activity: 882

Merit: 297

As everyone said it is correct that their is no relation between the market correction and Bakkt postponed. Even market did not got bulish when the Bakkt news came. This correction of market was due to BCH hardfork due to which their is war between miners as some miners have turned it to BCH market.

arpon11

sr. member

Activity: 882

Merit: 282

I read this news on twitter and it seems we have to wait till that January before bitcoin and others cryptocurrencies can recover from it current deep. I have not see any reason why bitcoin should recover now and that is the most important analysis to me. I will hold what I have and invest when it gets to $3000 before January but I will hold till December next year as I am expecting another bump that time. This year should be looked as opposite of last year and since we all benefits from the last year pump we should also have patience with this year dump.

OgNasty

donator

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Leading Crypto Sports Betting & Casino Platform

Quote from: 13bitcoins on November 20, 2018, 02:37:02 PM

I belive it was one of the triggers that caused this dump.

Highly unlikely. The trigger for this “dump” was the unsustainable run up to $20,000. We’ll find market equilibrium soon and will begin to grow again.

aervin11

full member

Activity: 602

Merit: 103

Quote from: 13bitcoins on November 20, 2018, 02:37:02 PM

I belive it was one of the triggers that caused this dump.

I think it is more of the BCH war going on and the Sharkpool. Bakkt and SolidX ETF was just postponed and would still be continued after a while so short terms traders are only bothered by that while that Sharkpool emptying blocks is cumbersome (TwitterProfile), and that Craig Wright bitcoin dump he always tell (Preference). Bear market still continues and all of that bad news might also be a factor why this "dump" is happening and still happen to continue, one thing I am sure is all of this would be part of history, sit back relax and enjoy LOL

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Babyrica0226 on November 22, 2018, 11:10:53 AM

Quote from: 13bitcoins on November 20, 2018, 02:37:02 PM

I belive it was one of the triggers that caused this dump.

I though BAKKT will be done in the midst of December 2018 and now has been adjusted or extended on January 2019.
however, Bakkt is could be one of the reason for what is happening now in the value of bitcoin, why it dumped into below 5k$ which is very painful or hurt to anyone who became panic because of this matter anyway. But for sure, after this bakkt bull run is next.

I guess you need to understand that everything is business and those scheduled are not etched in stone. If I remember correctly, I'm not sure if its CBoE or CME last Bitcoin future offerings was adjusted a week earlier. Well, it could have triggered this another dumping, but then again, its only a postponement, I don't know why there's a big fuss about it. It could be manipulation from behind, or it could be the Bitcoin Cash war is not over yet. But there's no point in selling off today, unless you are new to the market and doesn't want your investment to grow overtime.

minairia3

sr. member

Activity: 1498

Merit: 326

Vave.com - Crypto Casino

Quote from: 13bitcoins on November 20, 2018, 02:37:02 PM

I belive it was one of the triggers that caused this dump.

They delayed this for the main thing, to bag more BTCs before their launch to accumulate more. It's a nice cover up IMO. It's well staged as per the drama in the BCH forks. But this is one of the anticipated catalyst to reverse the trend so why not.

TomArayaSlaya

member

Activity: 812

Merit: 10

https://hovr.site/

Nothing to do with dumping is just an announcement maybe market dip is the cause but which dump on something that is not even released yet

1Referee

legendary

Activity: 2170

Merit: 1427

Bakkt before the selling started; Who cares? It won't do shit.

Bakkt during the panic selling; Once it launches, the market will recover again because it allows money to enter the market.

Bakkt after their announcement to postone their futures market; This is manipulation, there is no other way.

Seriously? The market tanked because whoever it was, that entity triggered stop loss orders by peeing on the yearly support level. What happens after yearly support breaks? Full panic.

Olatunjex

full member

Activity: 1064

Merit: 102

Bakkt postponement has contributed to decline in market, bakkt involvement would have been helpful to some extent, since it isn't seems realistic in December, the fearful holder seems hopeless and dumped.

Slow death

legendary

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Quote from: 13bitcoins on November 20, 2018, 02:37:02 PM

I belive it was one of the triggers that caused this dump.

you have already created many threads with very strange predictions and theories and now you have created this thread with yet another strange theory. as I said in another thread, why do not you consider the hypothesis that the price has been stagnating for a long time and people will become impatient and start selling? another hypothesis would be that people entered panic because of the war of bitcoin cash, another hypothesis would be the lack of demand. These my hypotheses are more likely to be certain than your theories. no offense.

Topic: Bakkt postponed to january 2019 - page 2. (Read 992 times)