Bitcoin Forum

So how does it look like the regular day?

If bull run Will start?  The Price Will just going up like 2017 it was?

I remember 2017 btc Price just went up like grazy daily growth!



Are we going to see same thing soon?
When btc Price just growing and growing




And what about Bakkt?  Why no news anymore about Bakkt?   


Are they do Open trading or they are OTC?

Market going sideways?


We can't tell what will happen if the bull run starts, but if the FOMO kicks in during bull run, then we can see new records of ATH


Not soon I guess, since the market sentiment is turned to bearish.   Probably when  near the time of Bitcoin halving.


Well Bakkt hype had been buried by the sudden crash of the market and you can check this (https://www.theice.com/products/72035483/Bakkt-Bitcoin-USD-Daily-Futures-Contract/specs) for bakkt specification.  I believe it is an OTC if I am not mistaken.

An unstoppable, 'no one knows' for all of those questions that you have asked and also for what awaits if ever that will happen.

There's still news about them, you can follow their website for those updates that you want to have. Not all the time the news media will follow it, if they find something new to cover, they'll eventually leave it after following.

https://www.bakkt.com/index

And now bull run is equated with what happened in 2017. Actually there were bull runs before and after that.

Bull runs are different in scales and degrees. There are moderate bull runs as there are very aggressive ones. What happened in 2017 was a mixture of positive news, bullish outlook among investors especially institutional ones, great development, and even FOMO. That actually resulted in a state of overbuying. No wonder why the correction after that was also as aggressive as the bull run itself.

What happened this year was also a bull run, when the price of BTC finally broke free from the $3,000 level and went on to make a 2019 ATH at around $14,000.

The regular day starts with a new spirit ;D

The bull run will start soon. If you ask when then I don't know ;D

The price will be going up like 2017, and even more, it will reach the highest price that we ever have seen. Perhaps, it's not the same thing as before because the situations are different now. We don't know when bitcoin price growing, but it will increase at the right time. You need to be patient for that.

And for Bakkt, I don't know because I don't follow the news again, but I am sure that it will give an impact to the price. Well, let's wait and see.

I hope bullrun will happen soon, but the situation is not like 2017 a lot of factors that influence especially margin trading with large volumes such as bitmex, many whales  play with the price or exchange themselves

Definitely we cannot experience a  huge bull run for this year since there are lot of issue scare's people a lot and these new the bakkt issue almost wreck the money of the holders, But if halving season comes I surely believe we will gonna experience the same on year 2017 where almost all of us earn more money for the price surge.

I will focus only for halving come. This year maybe i will only earn bitcoin as much as i can and hold it. Not means buy it because i usually trade although sometime get profit and lose, and do bounty campaign. With all of that and do my real job, i think i can hold for 2020 halving. Just stay calm and see to where bitcoin and altcoin price go. Hope altcoin can follow bitcoin price and pumped when bitcoin get pumped.

I like that kind of news but I understand that just because Bitcoin always followed patterns before doesn't mean it will follow patterns again. In fact, we keep learning this about Bitcoin but we still insist because of our emotions, that we will be proven wrong and Bitcoin will rise up against logic.

It WILL happen, I'm sure. But when? I don't think we can realistically think this year or even next year at this rate.

BAKKT is old now in terms of the news you are looking for.
There are also a lot of rumours about the manipulation of Bitcoin using the TETHER (USDT) with some involvement of different big crypto exchanges right now, that issue also could be the reason also for what happened in a parabolic bull run last 2017.

Try also to look at this chart:
If some people are rooting for BAKKT futures, what IF, this BAKKT futures will be the reason why we will experience the very huge lost recently, from around $19,000 and then drop below $4,000 last year.
So, possibly that we can see another scene like what happened when the CME Futures launched around December 2017 ?
https://i.imgur.com/a2dnUgq.png

The answer is we don't know, big players always dectate the price and we can't do anything about it. I dont expect much about futures trading and ETF's, the market is always unstable even with positive news the impact could be negative. 

No news about Bakkt? They've just been all over the news a day or two ago. I even remember the articles poking fun about how only 7 BTC was traded in it's opening day compared to the 5000+ BTC traded when CME futures was first launched. Unfortunately, it's hard to expect a certain entity or company appear in the news everyday.

I don't see how u can invest online from their website so you may have to get in touch with them, probably OTC.

Yes I do feel it this way, Bakkt launched their futures last week and until now they are only $5.8 Million in total for this week.
it is extremely low and it might trigger the price down again, compared to CME last year was around $460 Million this Bakkt is completely a disappointment.
I would not be surprised to see Bitcoin reach $6000 again in next week, the price has started moving down right now.

With the way things are at the moment, considering the market movement. Next bull run won't be same as 2017 where we witnessed an exponential growth in a short period of time. This time, it will gradually build up with positive price movement. By the time people will start saying that bull run has started, it would have already gone a long way in.

On the issue of BAKKT, I don't see any much contribution from that front.  BAKKT can't possibly create the impact CME futures did in 2017.

23 September 2019 Bakkt futures exchange has officially opened in the United States and has been active for trading on the Intercontinental Exchange (ICE). I think they do open trading. But until now, there has not been seen any significant trading volume in Bakkt or it can be said that it is still quiet.

Why its quiet? Big  Investors waiting When btc drops Lower?  Or what is the Reason investors dont Invest?  Is bakkt is just hoax?  



I Thought the btc Price Will Jump to 20k during the bakkt release!


Bakkt owners should be awared about fact that Cryptocurrency traders are not happy about them at all!!  

The bakkt purpose was to invest USA dollars in Bitcoin and make the price to move up!!


They have not done what we was expecting!

I have only seen a dump of the price of Bitcoin after the launch of Bakkt. Maybe it is some manipulation to buy coins at a cheap price?
I don't really know if the current price is the bottom price or not. I hope it is.

no one knows for sure, but if you look from the  chart beforehand maybe it will happen around 4-5 years from 2017, so maybe it will happen in 2020/2021 or maybe longer / faster it's just a possibility, it could happen or not. And don't expect it to much,just enjoy what happens naturally.

Any Price that goes heavenly up in just a day then is probably FUD or FOMO kicking in man Whales can make some heavy strike on the market so lets say Bullish or bearish is just followed by certain activities of the coin you are holding I think most times after a certain event start successfully bullish start to make way and for bearish is maybe when the event doesnt make an impact

I hope it won't last just a day but to see it keeps moving by then. FUDs are always out there but people had already learned this making such thing that investors are not affected into it.
And talking about the upcoming Bakkt event, it may be we have to forget it and I don't see any positive impact for this. Bakkt will just be consider as a usual event in crypto, nothing to see the importance of this thing.

I think when the price of bitcoin has gone down a lot like the current condition of the price of bitcoin then this should be the right time to buy as much bitcoin as you can because you should be able to take advantage of the moment when coin prices are cheap.

Regular day for me it's like a normal progress in the market. wherein good only for short term, because soon or later when it makes a small pump.  The value will fluctuate again back where is the current bottom.


nope that not how it works mate.  Because there are some factors that keep pulling back the growth rate.  however if it's totally a bull run season ,well in my opinion it take time as well before the price constantly growing wherein probably month or two. Depends if there's no bad news occur within the bump.

as of now we haveno idea.  And like what i just said above there are some factors that keep pulling bitcoin after the pump of price. So it's very unpredictable.  .in fact since bitcoin drastically fall back to the current resistance it start to struggling to come back and until now even experts can't predict when it will make a good performance again like what just happened in year 2017.

If you take a step backward and look at the larger picture, the good thing is in the long term, not in the short term. The short term could be bad as the fluctuations are constant, like the recent big drop, but eventually the picture will get better as longer spans of time pass by. The overall chart of Bitcoin at least tells us that. 


After a price pump, it is rather predictable what happens next because there will always be corrections or retracements that follow. Of course we do not know the tip of the pump but once it reaches that, it is expected that it will correct and the prices will fall down. How hard the fall is going to be, we cannot tell, although there are supports that can be seen.

The price will not be the same as 2017 as of now, we see so many new altcoins release and get listed on all exchanges. There will be a shocking moment that we will get in the future if the bull run comes. That will happen because we are in the downtrend for a long time. Many new people come to the cryptocurrency because they think that they can follow the early people who already join in the crypto sphere.

The Bakkt itself will give a positive reaction to bitcoin so the price can increase in the future. But we cannot expect the price can grow in a short time because it will need time to increase slowly but if there are a big demand happens in the market, that will give a chance for the price to jump to the higher price in a short time.

I would not expect markets to be as volatile as they were back in 2017. These days are over, in my opinion.

Sure, there could be some days where gains are in the double digits in terms of percentage, but those are going to be rare. With the injection of institutional money and the overall bigger market cap, it'll be increasingly difficult to move the market either way with the same amount of funds.

It's not even apparent right now when the real bull market will start. I'd be careful of bull traps rn.

This is another buy the rumour, sell the news. I can't really say i am surprise about the price action after Bakkt launch, the excitement is no more there, the launch has been postponed several times but in general it is good for the space, because this is another gateway for big investors to enter into Crypto space

Bull will start soon? I think we need to rest a bit more before bull run at BTC. The market conditions at 2017 was completely different from 2019.
There was lack of information at 2017, people invested on BTC even do not know BTC means Bitcoin.
There were dreams at 2017, many people invested on for being rich quickly.

Many people bought BTC without looking its price 1 week ago.
I believe that bull run will come to BTC sooner or later. By the wat I do not believe that we can catch the momentum of 2017.
We talked about BAKKT more than a year. And it did no effect to price.

BTC no need BAKKT or anything else. The price will go up when more people understand the value of it.

Are you expecting a similar bull run of 2017 to happen? given the current market conditions, I don't think it's a good idea. we need to be realistic, although bitcoin has increased by 10% and other alts have similar growth, remember that before September 24, Bitcoin's price was $ 10k and now it is only $ 8k3 !
The market needs time to recover, we need more bigger sharks to push the marketcap higher.

The bakkt even just give us a learning, don't expect too much about something although it is a good news. Yeah, I bet it is a good thus far who come in to bitcoin, because we has been waiting for a long time to the service being launched, but what was happened when its service being launched? Most of the price crypto just slumped down, and I don't have any idea to find the reason why the majority price went down drastically.

Whilst, many people out there who believe that the launched th service will give a comfortable feeling and a convince for those who still doubt to invest in bitcoin especially. Because when I read in the service side, bakkt has give a more convince for their investor. So, the learning that must be take is if you have an idea to choose long term investment that you don't any apprehensive to face this kind of situation but when you choose short term investment you can devide your capital first and see what happen next.

Because Bakkt has failed and everyone rushed to sell their Bitcoins. This "big" event pushed the market back and now nobody can predict the further movement. We can go up or we can face another fall to 6k for BTC.

I know that the recent drop of bitcoin that coincided with when bakkt was released will definitely have effect on the platform as the expectation of people was so high that the release of the coin will have very good effect on bitcoin, but with the little time it was released, people’s investment ended up crumbling, but this is not to say that it was the fault of bakkt. Once bitcoin recovers again, I am sure that people will pick up from where they left it.

I don’t think that this time bull run will take turn like the way it did in 2017, there is entirely different factor that is controlling the market right now, I mean there might have been some additions and there might have been some subtraction, but with what I have seen I think the new ATH will slowly and gradually be reached unlike the way it speedily reached in 2017.

On my own view, we cant see the same movement that happened on year 2017 where pumps or price increase rally is too fast.I do rather prefer on having
this bumpy road of high and lows rather than on a spike.

About Bakkt? You can read up some good info on here https://www.coindesk.com/its-too-soon-to-write-off-bakkt-wall-street-analyst-tells-ice-investors

Fast spike is usually not very good for nay coin, because that will only attract the bears on time and at the same time. We have the presence of bears in the market which we cannot dispute and they will always be here, but if the price of any coin grows gradually, the bears will only be coming and exiting one after the other which will always give chance for prices to level up, but when there is a sharp increase, all bears would want to quickly exit the market and this will lead to terrible drop in price of any coin.

I normally would prefer a coin that is growing slowly and steady than a coin that will pump so fast which will eventually be a victim of dump. The way bitcoin is growing now is a little bit healthier for us than that 2017 when there was a high spike which made it drop on time.

There is no single coin whose price moves at a consistent pace. That will only be possible if there are no external influences that could affect its price. Otherwise, there will always be small and big spikes every now and then. There will be sliding down as well as soaring really high. There are times when it looks like it is just hovering over a certain price and there will also be very sudden price drops. What I mean is that factors such as news and development updates as well as their timing could change everything in a matter of seconds.

Oddly enough, but I expected a completely different reaction of the cryptocurrency market to the start of Bitcoin futures sales.  In any case, many cryptocurrency users and reputable traders predict very positive impacts on the cryptocurrency market from Bakkt.  It is very difficult to explain what is happening today and it is quite possible that everything is happening due to the fault of speculators who reduced prices for the purpose of shopping at low prices before a large-scale event, which will result in a bull run.  But this can only be my guess.

We all hope that Bakkt can be a way to makes 2017 ATH happens again, but it turnout to be different. We might need a stronger idea where it can attract more investors like it did 2 years ago. Bakkt is still operating and having news and updates. In time when it's fully developed, it may reached the users and crypto experts expectations.