Bitcoin Forum
July 23, 2019, 01:52:12 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Why do you believe that Bakkt can influence BTC and alts' values too much?  (Read 296 times)
coolcoinz
Hero Member
*****
Offline Offline

Activity: 1064
Merit: 632



View Profile
January 06, 2019, 06:39:10 PM
 #21

Couldn't everything prove negative just the way it did when we expected something different through Bitmex and CBOE futures but a lot more different things happened and we're here at sub-4k?

As a matter of fact we are not sub 4k because of futures. Futures influenced the fall but they also influenced the rise right before it. When the hype around futures begun we were somewhere around 5k dollars and before that the rise could be the reason of Japanese and Korean market adoption. Do you remember the news about large shopping centres in Korea and Japan accepting Bitcoin? It was there, before 5k USD. We fell below it due to panic and not futures or whale manipulation, but such is life. When you push a 500kg boulder of a cliff it won't stop exactly where you want it and it won't roll down bouncing like a rubber ball but embed itself in the ground down below. That's how the market is reacting. It should and could stay at around 6k, but went into depression.



Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!