Okay, they want to develop additional tools for futures trading, but tell me why bakkt release did not contribute to Bitcoin bullish? Everyone hoped that the market would cheer up and the rate would rise sharply, but expectations were not met. Manipulation again?
For a young exchange, high trading volumes would rather be strange. They obviously do not work for mass demand and advertising must be individual in order to attract VIP customers. However, it was said yesterday that there was a growth of contracts. But I do not know if this can be considered true or a desire to stimulate fomo.
Topic: BAKKT: Road to $100,000+ starts in november? (Read 1291 times)
Okay, they want to develop additional tools for futures trading, but tell me why bakkt release did not contribute to Bitcoin bullish? Everyone hoped that the market would cheer up and the rate would rise sharply, but expectations were not met. Manipulation again?
For a young exchange, high trading volumes would rather be strange. They obviously do not work for mass demand and advertising must be individual in order to attract VIP customers. However, it was said yesterday that there was a growth of contracts. But I do not know if this can be considered true or a desire to stimulate fomo.Okay, they want to develop additional tools for futures trading, but tell me why bakkt release did not contribute to Bitcoin bullish? Everyone hoped that the market would cheer up and the rate would rise sharply, but expectations were not met. Manipulation again?
For a young exchange, high trading volumes would rather be strange. They obviously do not work for mass demand and advertising must be individual in order to attract VIP customers. However, it was said yesterday that there was a growth of contracts. But I do not know if this can be considered true or a desire to stimulate fomo.Okay, they want to develop additional tools for futures trading, but tell me why bakkt release did not contribute to Bitcoin bullish? Everyone hoped that the market would cheer up and the rate would rise sharply, but expectations were not met. Manipulation again?
For a young exchange, high trading volumes would rather be strange. They obviously do not work for mass demand and advertising must be individual in order to attract VIP customers. However, it was said yesterday that there was a growth of contracts. But I do not know if this can be considered true or a desire to stimulate fomo. 
Derivatives are always a bad idea for the price of anything. If you decide to buy a futures contract of Bitcoin instead, you are not actually buying a single BTC, you are just betting on the price going up or down without actually buying it. It doesn’t take a genius to figure out what that does to the price of the underlying asset.
Derivatives are a 100% inevitability in any market worth bothering with. A market without them won't be taken seriously. If there was nothing in place by this stage of crypto's life it would a signal of something properly weird going on.
And since Bakkt is settling in BTC real Bitcoin certainly is on the line and changing hands.
https://www.coindesk.com/launch-of-bakkt-bitcoin-futures-market-may-get-postponed-again
More possible postponement. I thought they could do some sort of self certification very near the launch so didn't need the CTFC to do anything. If custody is a sticking point that could remain very extremely sticky.
More possible postponement. I thought they could do some sort of self certification very near the launch so didn't need the CTFC to do anything. If custody is a sticking point that could remain very extremely sticky.
Self-certification was never an option, but there's been a commonly made assumption that CFTC approval is much easier to attain than SEC approval. There's some precedent for that: the CFTC already approved LedgerX as a registered derivatives clearing organization and swap execution facility, and I believe the approval came on the first try.
It also sounds like the delays are procedural (required commenting period and vacation for federal commissioners) and not signs of an incoming rejection. I read that a January 30th launch is still possible.
https://www.coindesk.com/launch-of-bakkt-bitcoin-futures-market-may-get-postponed-again
More possible postponement. I thought they could do some sort of self certification very near the launch so didn't need the CTFC to do anything. If custody is a sticking point that could remain very extremely sticky.
More possible postponement. I thought they could do some sort of self certification very near the launch so didn't need the CTFC to do anything. If custody is a sticking point that could remain very extremely sticky.
https://mobile.twitter.com/coindesk/status/1064928505136336902
The launch of the ICE futures listing has been pushed back to January 24th. Guess the road is going to take a while longer to be built. I wonder if this is directly related to the current bonkersdom. What happens if it doesn't let up?
The launch of the ICE futures listing has been pushed back to January 24th. Guess the road is going to take a while longer to be built. I wonder if this is directly related to the current bonkersdom. What happens if it doesn't let up?
It may be related to the current price thing but most likely it's irrelevant and it's just internal bureaucracy making them push the date further. I wasn't counting on this. In any case my prediction would still be correct if we actually bottom within the next 10 years.
I would speculate that we will keep going lower before the road to $100k starts. $3k and $1.3k are the next resistance points. If it gets that insanely cheap it will be fun seeing all the idiots that don't buy fucktons in two years because most likely they are the same that didn't buy after all the previous crashes.
https://mobile.twitter.com/coindesk/status/1064928505136336902
The launch of the ICE futures listing has been pushed back to January 24th. Guess the road is going to take a while longer to be built. I wonder if this is directly related to the current bonkersdom. What happens if it doesn't let up?
The launch of the ICE futures listing has been pushed back to January 24th. Guess the road is going to take a while longer to be built. I wonder if this is directly related to the current bonkersdom. What happens if it doesn't let up?
Bakkt's news release is just a hype to attract more investors and a road to 100,000 USD is quitely impossible to achieve for a short period of time but it is a good indicator that the bitcoin would start to recover but the BAKKT involvement seems has lesser impact since majority of their investors are still not convince about the potential of bitcoin.
Lightning Network, Bakkt, ETF (approved or not it's creating a buzz that starts other things like Bakkt) the Halving, Bitcoin is celebrating 10 years this year and did very good in this time. Very good ROI and no hack! Some people want to invest long time or at least 10 years and this gives confidence. BTC ATM's popping on every corner, exchanges also. Like people say it's just about patience and accumulating.
We hope this happened as many traders and investors are expecting another bull run. I believe that bakkt is actually the next reason why bitcoin and altcoins market to get pump again. Strongly believe that we would see the strong effect of bakkt by next year and events that will push bitcoin to $100,000 will come along.
already appointment @ANFIELD
LFC-MAN U
better no LFC-hospital that weekend
LFC-MAN U
better no LFC-hospital that weekend
road to 100k cause BAKKT is taking a slow start 
Patience micG, patience !!!!!!
yeah micG you F***tard...!!...... rome wasn't build in one day, even the fiat money SCAM wasn't there after one day.....
mmm yeah good keeps me thinking
Liverpool FC hospitality when we hit $100,000
road to 100k cause BAKKT is taking a slow start
Patience micG, patience !!!!!!
yeah micG you F***tard...!!...... rome wasn't build in one day, even the fiat money SCAM wasn't there after one day.....
mmm yeah good keeps me thinking
road to 100k cause BAKKT is taking a slow start
Patience micG, patience !!!!!!
road to 100k cause BAKKT is taking a slow start
Check out this video by FUD TV where he talks about how Bakkt exchange launch could affect Bitcoin price and the crypto market as a whole:
https://coincodex.tv/videos/313/will-bakkt-trigger-a-bull-run-bitcoin-cash-clash-tron-bittorrent-and-more
https://coincodex.tv/videos/313/will-bakkt-trigger-a-bull-run-bitcoin-cash-clash-tron-bittorrent-and-more
Road to 100k+ never starts. Have you calculate how much the marketcap would be if it becomes 100k+ ?
Why do you think the market cap matters? When people consider the price of BTC, you think they're calculating the market cap and judging how reasonable it is?
I've been around since 2013 and I've never once thought about the market cap before.
Bakkt needs to buy bitcoin to settle the contracts, so this is not phantom derivative bullshit like CBOE futures.
It's still a derivative, so it's still possible for its market to diverge from spot. But yeah, unlike cash-settlement, it's a real avenue for investors to accumulate BTC and a real avenue for sellers to liquidate BTC. It could therefore potentially lead spot prices if the volume and liquidity grow large enough.
For me it's very simple: it's either bitcoin-settled or not. That's as good as it gets. And we want it to be regulated and audited. With fiat involved you want regulation and so on, it's how it goes.
The rest of exchanges specially those that deliver big leveraged position, you also really don't know if they have the btc and fiat deposits ready to not fail on the guy on the other end when he wants to withdraw. Bakkt is as serious as it gets thus far in this regard. I think the platform could lead price discovery in the field.
Road to 100k+ never starts. Have you calculate how much the marketcap would be if it becomes 100k+ ?
Why do you think the market cap matters? When people consider the price of BTC, you think they're calculating the market cap and judging how reasonable it is?
I've been around since 2013 and I've never once thought about the market cap before.
Bakkt needs to buy bitcoin to settle the contracts, so this is not phantom derivative bullshit like CBOE futures.
It's still a derivative, so it's still possible for its market to diverge from spot. But yeah, unlike cash-settlement, it's a real avenue for investors to accumulate BTC and a real avenue for sellers to liquidate BTC. It could therefore potentially lead spot prices if the volume and liquidity grow large enough.
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