Topic: Bakkt released September 23 Is it going to pump or dump the price? - page 4. (Read 662 times)
September 23, 2019, 01:15:04 AM
It will definitely cause a pump but not this late. The news is not new anymore. The news released a couple of months ago was already recycled so to speak. The news of Bakkt offering Bitcoin futures has already been talked about more than a year ago. That has already affected the price of Bitcoin. Right now, it would either be selling time or just the status quo, no large spikes happening. But since this is Bakkt, owned by the owner of NYSE, the largest stock exchange in the world, this will certainly do good rather than bad, albeit in the longer term.
September 22, 2019, 05:28:53 PM
Having this on every crypto minded individual since release of the news broke a couple of months ago I am wondering when it is launched on monday will it pump up the price or drive it down?
https://bravenewcoin.com/insights/bitcoin-price-analysis-network-stats-hit-new-highs-with-bakkt-on-the
https://bravenewcoin.com/insights/bitcoin-price-analysis-network-stats-hit-new-highs-with-bakkt-on-the
Consider the theory "buy the rumor, sell the news." When Bakkt announced the launch date in mid-August, we bounced about $1,500. People bought the rumor. Will they also sell the news?
On the higher time frames (weekly and monthly) the market is coiling for an upside breakout. In that sense, the Bakkt launch could act as a catalyst. I sort of doubt it though. Based on the current price action and indicators, I think we'll have to wait another week or more before bulls start retaking control.
September 22, 2019, 04:35:31 PM
I expect the price to react positively in the short term as we can see its real impact in several months.
All the global markets are experiencing uncertainty, so this news will spread quickly and will work to inflate the hopes, which makes a lot of people buying/selling based on the rise of the market.
In short, what will happen would be an amplification of gains or price stability at $ 9700.
All the global markets are experiencing uncertainty, so this news will spread quickly and will work to inflate the hopes, which makes a lot of people buying/selling based on the rise of the market.
In short, what will happen would be an amplification of gains or price stability at $ 9700.
September 22, 2019, 07:40:46 AM
I think a repeated story like this wouldn't have a significant effect on the price movement. BAKKT news came since what? Last year? So it has already priced in.
To have a new bull run episode, fundamental must change, something like lightning network upgrades, so that setting up a node is more manageable, more secure, etc. It doesn't have to be BTC, just like in 2017, ETH triggered the crypto bull run.
To have a new bull run episode, fundamental must change, something like lightning network upgrades, so that setting up a node is more manageable, more secure, etc. It doesn't have to be BTC, just like in 2017, ETH triggered the crypto bull run.
September 22, 2019, 07:28:51 AM
Just like when you go into a movie but get out feeling disappointed from what you expected it to be due to it being overhyped.
I certainly believe that Bakkt is overhyped. But, doesn't mean this will automatically make dump party started. When VanEck canceled their ETF submission a few weeks ago, the market didn't reach that much. Either the majority of the traders no longer consider VanEck as essential, or the sell volume from plebs did not move the price. Based on the movement these past days, it seems like a lot of users are doing the usual buy the rumor sell the news. I expect we'll see some downside movement tomorrow, and hopefully not for long.
It does look as if this bitcoin market is fueled by rumors and hype and to me this is overinflated like a balloon that is ready to pop after the excitement is over. But that's just me and not necessarily going to happen. Lets hope for the best!
People are attributed various factors with this decrease in price so am pretty sure that you don't actually need to be that serious about it .
Some people are saying it's because of 75$ million being printed
Some are saying that it's because of Saudi Arabia .
The fact is ..we cannot actually point out why it's because of .
With the price halving I think it will be a pump soon..
Once again yeah it is based on the news and this is what people are basing their opinions on when buy and selling their bags. But your right the halving is something solid we can base our opinions on and not just a form of platform for corporations to invest more into bitcoin which in essence can be heavily manipulated in favor of those already crypto rich.Some people are saying it's because of 75$ million being printed
Some are saying that it's because of Saudi Arabia .
The fact is ..we cannot actually point out why it's because of .
With the price halving I think it will be a pump soon..
Bakt might be overhyped to others but there are valid reasons why it should be a hype.
Big whales will surely not just buying the rumors but Bakt is not just a typical exchange. They will be involved here.
It will pump the price but don't expect that rise within overnight. Look at long-term.
There was some talk earlier about how we will see a major swing in the price for the better due to all three exchanges opening at 6am New York local time. But we'll know within the next 24 hours won't we?Big whales will surely not just buying the rumors but Bakt is not just a typical exchange. They will be involved here.
It will pump the price but don't expect that rise within overnight. Look at long-term.
Here are some threads in speculation on how they think the price will be going either up or down
https://bitcointalksearch.org/topic/new-bakkt-game-5083242 ~ Price prediction in a few months after bakkt launches correct prediction wins a prize of btc.
https://bitcointalksearch.org/topic/bakkt-is-coming-will-this-be-biggest-crypto-week-ever-and-set-off-bull-run-5185177 ~ Optimistic views on how it will play out and one say it will surge the price to $15k.
September 22, 2019, 04:22:39 AM
Bakt might be overhyped to others but there are valid reasons why it should be a hype.
Big whales will surely not just buying the rumors but Bakt is not just a typical exchange. They will be involved here.
It will pump the price but don't expect that rise within overnight. Look at long-term.
September 22, 2019, 03:52:20 AM
People are attributed various factors with this decrease in price so am pretty sure that you don't actually need to be that serious about it .
Some people are saying it's because of 75$ million being printed
Some are saying that it's because of Saudi Arabia .
The fact is ..we cannot actually point out why it's because of .
With the price halving I think it will be a pump soon..
Some people are saying it's because of 75$ million being printed
Some are saying that it's because of Saudi Arabia .
The fact is ..we cannot actually point out why it's because of .
With the price halving I think it will be a pump soon..
September 22, 2019, 01:25:26 AM
Just like when you go into a movie but get out feeling disappointed from what you expected it to be due to it being overhyped.
I certainly believe that Bakkt is overhyped. But, doesn't mean this will automatically make dump party started. When VanEck canceled their ETF submission a few weeks ago, the market didn't reach that much. Either the majority of the traders no longer consider VanEck as essential, or the sell volume from plebs did not move the price.
Based on the movement these past days, it seems like a lot of users are doing the usual buy the rumor sell the news. I expect we'll see some downside movement tomorrow, and hopefully not for long.
September 21, 2019, 09:33:46 PM
Having this on every crypto minded individual since release of the news broke a couple of months ago I am wondering when it is launched on monday will it pump up the price or drive it down?
https://bravenewcoin.com/insights/bitcoin-price-analysis-network-stats-hit-new-highs-with-bakkt-on-the
The price has decreased about $400 from yesterday so by monday when it officially launches will it have it soar past what it was just 48 hours ago?
I have a feeling it will have a flat effect on the price and might possibly dip lower due to high expectations being dashed out.
Just like when you go into a movie but get out feeling disappointed from what you expected it to be due to it being overhyped.
This can also happen in crypto too with the ICO and IEO have shown us.
The hype up and then the sell off of those coins driving the price down, down , down.
upload
https://bravenewcoin.com/insights/bitcoin-price-analysis-network-stats-hit-new-highs-with-bakkt-on-the
The price has decreased about $400 from yesterday so by monday when it officially launches will it have it soar past what it was just 48 hours ago?
I have a feeling it will have a flat effect on the price and might possibly dip lower due to high expectations being dashed out.
Just like when you go into a movie but get out feeling disappointed from what you expected it to be due to it being overhyped.
This can also happen in crypto too with the ICO and IEO have shown us.
The hype up and then the sell off of those coins driving the price down, down , down.
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