Topic: Bakkt postponed to january 2019 - page 3. (Read 940 times)

A delay for what? But i think OP was right it might be the cause that triggers to caused the massive dump. Look what they did to ETF when they deny the approval of ETF the market starts to decline most coins. Though you might be right, we couldn't avoid such things to happen.

Might be the cause or not but this is just a delay just take a look on what happened on ETF decisions too where it do have those delays.We cant really avoid on having those
thoughts that this might be the reason or not but behind that no one knows if it did actually trigger something into the market.

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.

Yes I can. See my explanation below:

1º - There are Financial players getting in now. They are manipulative players, professionals manipulators.

2º - Bakkt and SEC are just kind of sectors of financial, Its composed by financial players (people that has knowledge and experience in financial markets)

3º - For Now, it is not forbidden yet insidertrading on criptos

4º - The falls from 6000 to 5500/5000 was caused by the broke support (Traders stopping and investors getting out). It could be because of BCH fight or tecno stocks falls, I dont know, but its happens and stop falling at 5000, starting a wickoff acumulation.

5º - But it was not a acumulation, its change to a re-distribution. Why?

6º - Thats why: Short Sellers. You may study the Exchanges and find out that the ones wich shorts sells allowed had pushed the price down. Just look your self.

They knew the market was tranding down, without demand, High suply... and.. Insidernews that Bakkt wouldnt start at the date promissed. So It was very easy to knock down a bit more. And when the news of Bakkt postponed would cause de suply necessary they need to cover the short.

Lets recapitulate:

Distribution (highs lowers then last highs) -> Price moves above 6000 -> Stops from 6000 to 5500 -> Oversellers from 5500 to 5000 -> Range market -> No demand, high suply -> Shortsellers (insiders positionig 1) forcing a Re-distribution -> Stops from 5000 to 4500 -> Acumulation form 4000 to 4500 -> High Bullish activity price moves to 4750 quickly and stop -> start a distribution top (Here are the insidersellers positioning 2) at 4750 to 4600-> BAKKT POSTPONED NEWS Price goes from 4600 to 4000 -> Cover short position from 4000 to 4300.

Now the market is free to go up, Short sellers are not confidence anymore and There are buyers, buying slowly but consistently... Smart money getting in


So YES, financial players manipulated it

It's obvious Bakkt had nothing to do with the dump and it almost had no further impact on the dump because it didn't orchestrate it in the first place.You therefore can't attribute it to the dump, insidertrader or not

Many project postponed this time, specially after hard fork. Developer team need hard work to get solution to face market condition, very difficult for everyone. Postponed it doesn't mean fail but this is sign we need to careful and not replace our trust, I'm not stop you but please think again. I lost many value asset this time and mostly because postponed project, after list the price is so low, nightmare for me.

Well, sorry for being an outsider trader, but we all are anyway, moreover, this is an unregulated space, so insider trading is not really an offence until maybe we get to see some regulations in place.

However, it should also be noted that this whole thing about Bakkt was just announced long after the market has gone below $5k, so how can this be attributed to the Bakkt launch postponement. It just seems people tend to derive pleasure a lot with trying to attribute everything to a dip. The bears saw a chance and they took it, so get over it.

This was the cause of the Drop that Happens 4 hours ago. Its coincides time and move.

If I was an insidertrader I would dump the market with shorts sellers just like days before and then, when the news comes out, I would use the panic to Buy all back.

But I am an Outsidertrader  

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

Yes, I think one attempt to avoid a dump. I hope the market recovery will happen quickly. The market looks bloody for the past few days.

This was only supposed to be relied on for a major pump so to say. It has never been a catalyst for any dump. Again, it's just a postponement. I guess it doesn't pay them to buy at the current prices either

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.

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