I’ve said this in a previous topic. When people are panic selling, the big boys are waiting until the best possible low price to buy. They are just waiting for this kind of situation.
This is why panicking is not good because whales are just waiting at the bottom and if they did that, the easy pump will happen again. We have to think like them, buy when its cheap and don’t sold while your bitcoin is at loss. The potential pump with bitcoin is still here, it can’t be stop so have patience because the good news will come again. Its pretty huge volume, its good that BAKKT slowly gaining the trust of the public. 
Topic: Bitcoin price drop but institutional investors on Bakkt are buying like crazy! - page 2. (Read 299 times)
November 23, 2019, 06:44:39 PM
November 23, 2019, 06:38:10 PM
The speculations say Bakkt bought about 100,000 Bitcoins (which was supposedly the reason for the pump to $14k), is there any public information on how much has been spent so far?
Unfunded speculation. Similarly, there is a lot of unfunded speculation about Bakkt not having any coins in storage. I seriously wonder if anyone has tried to actually withdraw the "physically" delivered Bitcoins.If Bakkt actually bought 100k BTC they wouldn't do that through exchanges but through private OTC deals (which they had a full year in time for), and these deals don't have an impact on the price. I'm still not impressed by Bakkt.
November 23, 2019, 05:47:15 PM
Why is it bad, exactly?
It's bad because it reduces the demand for spot Bitcoin. Pretty self explanatory, right?CME (or Bitmex) can't be used to push prices around so it doesn't matter how many shorts or longs pile on. There is no mechanism to make the spot markets follow them; they won't. However, large traders can take positions on CME or Bitmex and then pump/dump on spot exchanges, and I'm sure that's exactly what is happening.
There have been plenty of instances where bots do replicate the movements of CME and Bitmex. Perhaps not to the exact dollar, but close enough is close enough. It makes sense as well because those trading at CME are most likely institutional players (which is where most of the demand came from this year), and the volumes are well above that what spot exchanges generate. November 23, 2019, 05:26:49 PM
I would not jump to your conclusions solely looking at the graphs, because volume at a derivatives exchange can be almost nothing in terms of indicating the positions that they are taking out, and whether or not they have long term vested interest.
Besides, the increase in volume is almost negligible still when compared to major exchanges which have billions in turnover each day.
But I actually wouldn't be surprised if institutional investors are loading up right now, just because of the fact that halving is not far away and prices are undervalued significantly. DCA is the way to go for individual investors too.
Besides, the increase in volume is almost negligible still when compared to major exchanges which have billions in turnover each day.
But I actually wouldn't be surprised if institutional investors are loading up right now, just because of the fact that halving is not far away and prices are undervalued significantly. DCA is the way to go for individual investors too.
November 23, 2019, 04:18:31 PM
The advantage of bakkt over cme is that you can't short more than the number of coins bakkt has in its reserves. At cme the only limit is what you can afford to pay for a short. Very bad.
Why is it bad, exactly?
Cash settlement means the market operates like any CFD instrument, so CME shorts are limited by bid side liquidity. They can't short more than buyers are willing to long. It's functionally no different than the Bitmex perpetual swap in that way.
CME (or Bitmex) can't be used to push prices around so it doesn't matter how many shorts or longs pile on. There is no mechanism to make the spot markets follow them; they won't. However, large traders can take positions on CME or Bitmex and then pump/dump on spot exchanges, and I'm sure that's exactly what is happening.
November 23, 2019, 11:57:00 AM
I’ve said this in a previous topic. When people are panic selling, the big boys are waiting until the best possible low price to buy. They are just waiting for this kind of situation.
November 23, 2019, 11:47:54 AM
This is the time to buy my friends and if you already own some bitcoins to hoard them. Do not fall for the Chinese fud that are being spread in the
mass media and on social media platforms, because it is just smoke & mirrors.
Have been already enlightened with the Chinese way of FUD. Announcement of bans have been ongoing for a long time now and yet nothing has happened as of yet. Although the timing of the news and the drop are quite scary, it is possibly in the end FUD that is coordinated by the Chinese. Plus, without BTC even reaching the lowest it could go possible, investing in BTC is still quite worthwhile and would last as long as it could possibly go for. mass media and on social media platforms, because it is just smoke & mirrors.
November 23, 2019, 10:26:44 AM
If you want to make a profit, you should buy on a decreased market and sell on an increased market. If the market keeps on decreasing, you should buy more to decrease your average cost. Bitcoin is at one of the lowest price in last 3 months and we can easily predict the price would jump up. Whales investors could easily profit on short price fluctuations.
November 23, 2019, 10:16:36 AM
Although some believe that things happen by accident, when it comes to profit and big money nothing happens by accident. Those on the top use all available methods to profit, and as we can see, they are doing very well.
Panic sale of weak hands, people acting like the end of the world has come, new accounts spreading FUD, Bitcoin has been declared dead once again, the bubble has burst... In the meantime, those who are aware of the opportunity are buying cheaply and there is no doubt that they will sell at a much higher price when the time comes.
The speculations say Bakkt bought about 100,000 Bitcoins (which was supposedly the reason for the pump to $14k), is there any public information on how much has been spent so far?
Panic sale of weak hands, people acting like the end of the world has come, new accounts spreading FUD, Bitcoin has been declared dead once again, the bubble has burst... In the meantime, those who are aware of the opportunity are buying cheaply and there is no doubt that they will sell at a much higher price when the time comes.
The speculations say Bakkt bought about 100,000 Bitcoins (which was supposedly the reason for the pump to $14k), is there any public information on how much has been spent so far?
November 23, 2019, 09:59:03 AM
The volume reported by bakkt consists of both longs and shorts. I however do not know what the exact ratio is between the two since they do not publish it publicly (this very likely requires you to have an institutional account at ICE). Considering that institutions are technical buyers/sellers, it's safe to say that there are more shorts than longs right now with how ugly the charts look.
The advantage of bakkt over cme is that you can't short more than the number of coins bakkt has in its reserves. At cme the only limit is what you can afford to pay for a short. Very bad.
The advantage of bakkt over cme is that you can't short more than the number of coins bakkt has in its reserves. At cme the only limit is what you can afford to pay for a short. Very bad.
November 23, 2019, 04:48:51 AM
Source : https://www.reddit.com/r/Bitcoin/comments/e0f545/new_alltimehigh_ath_on_bakkt_2728_contracts_2030m/
So you think this is really a massive Bitcoin dump going on? Guess again, the big boys are running in the opposite direction.
We panic so quickly,but we also forget very quickly where we were in January 2019. ($3000)
This is the time to buy my friends and if you already own some bitcoins to hoard them. Do not fall for the Chinese fud that are being spread in the
mass media and on social media platforms, because it is just smoke & mirrors.
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