Bakkt postponed to january 2019

[OgNasty]

I belive it was one of the triggers that caused this dump.

Highly unlikely. The trigger for this “dump” was the unsustainable run up to $20,000. We’ll find market equilibrium soon and will begin to grow again.

[arpon11]

I read this news on twitter and it seems we have to wait till that January before bitcoin and others cryptocurrencies can recover from it current deep.  I have not see any reason why bitcoin should recover now and that is the most important analysis to me.  I will hold what I have and invest when it gets to $3000 before January but I will hold till December next year as I am expecting another bump that time.  This year should be looked as opposite of last year and since we all benefits from the last year pump we should also have patience with this year dump.

[hubballi]

As everyone said it is correct that their is no relation between the market correction and Bakkt postponed. Even market did not got bulish when the Bakkt news came. This correction of market was due to BCH hardfork due to which their is war between miners as some miners have turned it to BCH market.

[minersday]

I belive it was one of the triggers that caused this dump.

If it happened during this year, or the next one, it was gonna be exactly the same for ethereum. So i do not think that it affected it that much.

Remember that not only ethereum was dumped, the same happened to Bitcoin, Litecoin, Stellar, and all the other coins on the market

[Renaldi blackspadeteam]

it seems like this delay is useful for those who want to buy a bitcoin at the lowest price,
but for those who are HODL and still losing in this downtrend, they may have to increase patience or if they want to continue to get profits, they may have to stop HODL and choose cutloss and resume trading.

[sclmte]

since I joined here as a bounty hunter in that time I received a reward following me in their anouncement for lasting at that time always saying by this year the volume price of bitcoin increases. but until now it is still very low, It is said that this year is increasing but after all they said postpond by next year and hopefully it will happen that because many people are waiting for increasing the volume rate in bitcoin and now it's here still patient and perseverance for the future.

[sinkfish]

I read this news on twitter and it seems we have to wait till that January before bitcoin and others cryptocurrencies can recover from it current deep.  I have not see any reason why bitcoin should recover now and that is the most important analysis to me.  I will hold what I have and invest when it gets to $3000 before January but I will hold till December next year as I am expecting another bump that time.  This year should be looked as opposite of last year and since we all benefits from the last year pump we should also have patience with this year dump.

i too looking forward to it.

[el kaka22]

since I joined here as a bounty hunter in that time I received a reward following me in their anouncement for lasting at that time always saying by this year the volume price of bitcoin increases. but until now it is still very low, It is said that this year is increasing but after all they said postpond by next year and hopefully it will happen that because many people are waiting for increasing the volume rate in bitcoin and now it's here still patient and perseverance for the future.

Of course, it is a lot useful. A lot of us have said it quite a few times that this market will rally this way till the end of the year and then probably sometimes is 2019 after a long consolidation; we might just get to see the uptrend back again. Recovery is imminent as far as I am concerned, and corrections like this are healthy as they are just corrections and nothing else.

Those who know it's a general thing to see happen in a market, and the extent of it is based on the maturity and volatility of the market, they will understand the need to be seeing great advantages now. Bakkt being postponed to January is not a challenge; the major challenge would be for people who do not see the merit in this downtrend.

[Robertqueen2]

Postponing Bakkt's bitcoin futures hasn't been the main factor that has caused the last dumps of the market. This decision may be a wise one as this gives more time for customers so that bulk of interest and adoption can be increased.

[Arthurian60]

A lot of traders and Bitcoin holders thought for q certainty that Bakkt announcement will help Bitcoin to bounce from this current slump. Since November 15 , Bitcoin has gone -80% in terms of value. The bakkt announcement was suppose to lift up the mood of most investors but postponing the announcement is for the good of everyone.

[QueenW]

As far as I know, the launch of the platform was postponed due to the large influx of investors. And this cannot be bad news. Until January 24, it remains quite a bit to wait. I hope that they will not postpone the deadline anymore.

[Kemarit]

As far as I know, the launch of the platform was postponed due to the large influx of investors. And this cannot be bad news. Until January 24, it remains quite a bit to wait. I hope that they will not postpone the deadline anymore.

LOL. That's not the main reason for the postponement. They decided to wait it out because (1) they need regulatory approvals for their customers (2) they are working closely with CFTC as they needed a conduct their thorough review of the offering and their warehouses. If you wanted to get the latest update, here's their official medium blog: (https://medium.com/bakkt-blog/launch-and-faqs-e1a3f7691d7b)

Also remember that this is not the first time they postponed it so it may have impacted us again this time but I'm sure when everything settles down, everyone can't do anything but be ready on the said date.

[LongerBitcoin]

it seems like this delay is useful for those who want to buy a bitcoin at the lowest price,
but for those who are HODL and still losing in this downtrend, they may have to increase patience or if they want to continue to get profits, they may have to stop HODL and choose cutloss and resume trading.

People got greedy at some point last year, and that was what triggered this. Basically, the whales will do everything in their power and resources to make sure that those greedy ones lose hope and get tapped out eventually. The main reason we keep getting some questions right now on this forum when it comes to what is happening to the market, is because a lot of people do not understand how a market is fashioned and then since they became a victim of buying at the peak based on FOMO, they are counting their losses in dollars instead of just realizing their mistakes and making simple amendments by trying to see a good time to get in lower, but instead looking for something triggering the dumps in the market.

[Cryptomilz]

While Bakkt was very vital in triggering a bull run, not sure it was the reason for the current depressed state of the market. The Bitcoin Cash war played a very big role in further causing a drop in the market as it forced a lot of sell offs

[Leonard2016]

Postponing Bakkt was a good sign in my view , It means they want to investigate more bout it and if they wanted to reject it why would they need more time to search about it ?
Market acts emotionally , I don't think this dump is logical , It would get back soon .

[Gibreil]

This was announced a couple of hours ago only. Also, It's only postponed and not canceled so I don't see why and how this would trigger the dump.

this could have been a trigger for the dump because with the delay, some or even most people would choose to save FIAT or transfer their assets in other forms, yes, nothing else but to take profits in other forms, they thought the HOLD in undetermined time was more or less like just wasting time

Due to the delays of BAKKT, it cause the dumped of bitcoin recently. Many investor turned their BTC into fiat. Some people holds but others won't because they think it will never stop in bleeding. Holding is the best thing to do today but it is not assurance that if we hold, we get lot of profits.

[Huskarls]

This was announced a couple of hours ago only. Also, It's only postponed and not canceled so I don't see why and how this would trigger the dump.

what is later feared is that this kind of event will always be postponed until sometime it will be held, so the party in charge is not actually the year of the original implementation schedule, they postponed it only to calm the market

[bravehearth0319]

I belive it was one of the triggers that caused this dump.

I just want to add something about what you just said bro. There are two altcoins why bitcoin got dumped so badly first it is because BCH
then followed by Bakkt where it went down more after BCH. But even is like that, the situation became more favorable to those have more capital to buy more altcoins that also dumped their price value in my perceptions.

[Dirk2017]

I belive it was one of the triggers that caused this dump.

If there is no market dump reaction during the latest rejection this year then how much more if it was just postponed? I believed that there is still no dump reaction even it will be rejected again but i want to see the market reaction if it will be accepted by the SEC that it might trigger the bullish run.

[wuvdoll]

It could be about the SEC decision on 29th. SEC has to either accept or decline the Bakkt or generally any ETF at this point until 29th December and if Bakkt doesn't wait for them and just does it anyway they will be in big danger. First of all if it gets accepted they are fine afterwards but promising people ETF sales without actually having the right to do so will cause them a small amount of trouble even if its just 2 weeks.

However, if it got rejected than Bakkt would have been in huge trouble giving people option to invest their money into something that basically doesn't really exists or legally exists. Hence they had to postpone it until the 29th in order to wait for the SEC to decide and according to what happens they will move with it. However if Nasdaq and Nyse is in this already, it means SEC will accept it for sure.