BAKKT The Pump To November - page 3.

Pearls Before Swine

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Activity: 1190

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Quote from: NeuroticFish on October 04, 2019, 02:05:33 AM

Bakkt effect is supposed to be slow and steady and may have not happened yet, since Bakkt may still "use" Bitcoins bought before its launch.

If there's going to be any effect, it certainly is a slow going one. And what does it matter if Bakkt is using coins purchased before the launch? I cant see how that matters but maybe it does.

I think there will be a rally next year and not in 2019. No doubt there will be some selling motivated by big traders looking for a tax deduction on losses. Small traders won't do this but those using Bakkt will, just like the stock market. And next year is not too far away. I just hope bitcoin doesn't break through $7000 before its all over.

GreatArkansas

legendary

Activity: 2338

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This is the volume of Bitcoin since the month of September.

What I can see for the "BAKKT' things is still impossible, remember when BAKKT started their operation? From $10,000 dumps through below $9,000 and now look, we are struggeling if we will stay above or under $8,000.
I don't we can do some PUMP on November, but what I am looking forward is pump before november and possible some price corrections on November.

btc_angela

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Activity: 2660

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Quote from: milewilda on October 07, 2019, 08:10:12 AM

Quote from: BeeKeyyy on October 04, 2019, 01:02:34 AM

So looks like we're still BAKKT up guys and I zoom out the charts and check this shit out .... This may push the pump back until November!

BAKKT The Pump To November:
https://www.youtube.com/watch?v=MLT3tCMoXpU&t=150s

Not really fan on posting into some speculative threads specially if there are sentiments being tied up.I dont expect any pump's anytime soon and if theres one
then it wont really behave just like a spike rise but rather a gradual or slow pace if ever these a price increase.Dont hoping too much on what Bakkt would affect
the entire market condition but at least we've known that its there but for people shouldnt really hope too much.

I agree, I would rather see a gradual and organic rise because of Bakkt instead of a. sudden spike that will cause another excitement for traders but it the end it's just another pump and dump. For experience traders, we all know that it will really hurt the market in the long run. Of course I wanted too see the price goes up again, but I don't expect something big to happen because of Bakkt. We have seen its effect and it's really disappointing to say the least.

milewilda

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Activity: 3094

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Quote from: BeeKeyyy on October 04, 2019, 01:02:34 AM

So looks like we're still BAKKT up guys and I zoom out the charts and check this shit out .... This may push the pump back until November!

BAKKT The Pump To November:
https://www.youtube.com/watch?v=MLT3tCMoXpU&t=150s

Not really fan on posting into some speculative threads specially if there are sentiments being tied up.I dont expect any pump's anytime soon and if theres one
then it wont really behave just like a spike rise but rather a gradual or slow pace if ever these a price increase.Dont hoping too much on what Bakkt would affect
the entire market condition but at least we've known that its there but for people shouldnt really hope too much.

ecnalubma

sr. member

Activity: 1540

Merit: 420

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Bakkt magic is not over yet, market moves independently and sometimes don’t reflect on news easily. In this kind of speculative market anything can happen, most investors are disappointed due to its negative effect after announcement. I don’t expect that much, Its better to focus on market analysis than relying on hyped news.

romero121

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Quote from: trumpman on October 07, 2019, 04:14:54 AM

To be honest, I am too tired hearing about BAKKT. BAKKT will do this, will do that, blah blah blah. I doubt even 10 % of people talking about BAKKT know jack shit about what it is, let alone how it affects the price of BTC. Everyone was like woohoo now with BAKKT btc will pump, yet it dumped. Geniouses.

The price pumping was much expected based on the launch of Bakkt. To the expectation all that happened in the opposite manner. Now the wave based on the Bakkt have got to an end and people have stopped talking about the same. Probably this will surely make a change in the the market long term.

trumpman

sr. member

Activity: 914

Merit: 299

To be honest, I am too tired hearing about BAKKT. BAKKT will do this, will do that, blah blah blah. I doubt even 10 % of people talking about BAKKT know jack shit about what it is, let alone how it affects the price of BTC. Everyone was like woohoo now with BAKKT btc will pump, yet it dumped. Geniouses.

jostorres

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Activity: 2464

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Quote from: BeeKeyyy on October 04, 2019, 01:02:34 AM

So looks like we're still BAKKT up guys and I zoom out the charts and check this shit out .... This may push the pump back until November!

BAKKT The Pump To November:
https://www.youtube.com/watch?v=MLT3tCMoXpU&t=150s

I don't know how much the trade on bakkt is now, but I think the last time I checked, btc traded had risen to 23 btc which is still quite very low to cause any major development for the price of bitcoin in the market. It is too early actually to expect anything from bakkt, they were just launched and I think the era of hype is over now, many people thought the price of bitcoin will shoot up because of bakkt hype, but I guess hype is no longer that effective, what will do the job right now is real use case and time.

With time, the value of bitcoin will increase as the bakkt platform gets more people to trade on their platform, though bakkt cannot do this alone, there are still many other things or factors that we need to wish for, for bitcoin to really go on high rally again.

adroitful_one

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I think BAKKT's effect on the market is way overhyped. If you remember a couple of years ago when Bitcoin futures came out, it actually caused the price of Bitcoin to drop and all you heard during that time was Bitcoin to $100k. Keep in mind, people can also make money off of futures contracts if the price drops. It doesn't have to go up for everyone involved to make any money.

Strongkored

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Every time news is new about Bitcoin it will be a matte4 of lenghty discussion and debate.

Until now BAKKT has not given good or bad sentiments, everything is still running at normal limits, but for some time in the future.

unsoindovo

legendary

Activity: 1932

Merit: 1042

https://locktrip.com/?refId=40964

I don't know if Bakkt has had an impact on the bitcoin dump, at the end of September...
For sure you can check the volume of traded bakkt contract on ICE.
And the traded contract number really poor!
This is due to the market conditions?
Maybe yes.

https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures-Contract/data?marketId=6137541&span=1

audaciousbeing

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Activity: 1330

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I am still trying to understand the impact of BAKKT on the market because as loud as the noise that surrounds its laughing, as quiet as its effect on price and even gotten to the point of looking at whether if it has not been launched, maybe price wouldn't have taken the dip. I am equally looking forward to that time that some credit would be given to BAKKT so that the promoters can have something to brag about on bring revolution to the crypto market.

jmigdlc99

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Activity: 784

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Bakkt off. I see otherwise and believe so many people were disappointed with Bakkt's initial debut and I doubt if it's ever going to be a source of a price increase. As far as i know, the only thing we have going for at the moment is the upcoming halvening and historical charts.

Sad to say but it seems Bakkt is a failure, until proven otherwise.

Jating

hero member

Activity: 2842

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Didn't click on that video but my take is that people are really being enthusiastic about Bakkt, we have seen it effects on the market early on and it's not good.

However, let's give it some time though, maybe it can bring more money this November - December and we can see some actions along the way. If no price boost in the next two to three months then we can call Bakkt the "bust of the year", Lol.

NeuroticFish

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Bakkt effect is supposed to be slow and steady and may have not happened yet, since Bakkt may still "use" Bitcoins bought before its launch.
So I'd say that for now the "Bakkt effect" is only mentioned here and there for speculation.

Upgrade00

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Most enthusiasts are still uncertain about the effect Bakkt, would have on the market, initially and also on the long run. If the timing is right it could ride the waves of a pump and take the value higher.
The Bitcoin halving is also coming up in a couple of months. This would also have an effect on the market value.

BeeKeyyy

newbie

Activity: 37

Merit: 0

So looks like we're still BAKKT up guys and I zoom out the charts and check this shit out .... This may push the pump back until November!

BAKKT The Pump To November:
https://www.youtube.com/watch?v=MLT3tCMoXpU&t=150s

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