Bakkt postponed to january 2019

[youdacapt]

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.

the important impact of delays is short-term market uncertainty, speculators don't dare to raise sentiments and continue to play safe, procrastination is a bad strategy and far less clear in determining things that fluctuate, especially in a short period of time. prices will continue to fall if this continues in the same decision.

[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.

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.

yeah right, I saw a lot of greedy people at that time and they didn't realize there were whales who were ready to drop everything, they bought at the top because they believed prices would rise to $ 100,000 and that made them regret having trusted FOMO news in the media.

[rubythebest888]

People tend to relate one thing to another thing at the same time.
Maybe it's coincidence, or not.

[kidoseagle0312]

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.

yeah right, I saw a lot of greedy people at that time and they didn't realize there were whales who were ready to drop everything, they bought at the top because they believed prices would rise to $ 100,000 and that made them regret having trusted FOMO news in the media.

it is true that there are still people out there who are greedy, and yet we cannot take them out of here so easily due to this is business and a kind of investment scheme in online thru trading in bitcoin. And sounds good to hear were Bitcoin will become 100k$ but hard to believe for now, and because of the whale investors who manipulated the market or controlled it the things we can do for now is to become a bullish and I think also that BAKKT has a big impact once it has been release in the market in my opinion.

[adaseb]

As i see we are starting in january 2019 and no huge price of coins that pumping right now but in this past days ethereum get pumping looking forward from it.

Don't know if it was mentioned here or not but its because it was post-poned again.  They basically announced good news and bad news.

Bad news is that its getting post-poned to early 2019 which can be pretty much anytime until the Summer, no specific date like before.

However good news is that they raised almost $200 million dollars which is pretty impressive in a bear-market. Hence this is very bullish developement in my opinion.

[otundebis]

Bakkt  is not responsible for the drop in the price of bitcoin,  bitcoin abinitio has been falling before the news. However,  bitcoin market is still bearish and hopefully,  there will be reversal and uptrend in the coming months!

[iv4n]

As i see we are starting in january 2019 and no huge price of coins that pumping right now but in this past days ethereum get pumping looking forward from it.

Don't know if it was mentioned here or not but its because it was post-poned again.  They basically announced good news and bad news.

Bad news is that its getting post-poned to early 2019 which can be pretty much anytime until the Summer, no specific date like before.

However good news is that they raised almost $200 million dollars which is pretty impressive in a bear-market. Hence this is very bullish developement in my opinion.

In the end this news are just news, bakkt like etf are just organizations that can boost popularization of crypto or not, I don`t think they can affect the price a lot. We were here long before all that ideas started, just news about it are good for bitcoin, more people will see that, some people will want to know more and they will come here. Bitcoin will be bigger than those organization we seek approval right now, its logical, bitcoin was very small, now its big enough to be mentioned by big players, soon it will be bigger than all of them. Just give it a time.

[GregH37]

Bakkt raised about 182 million dollars before they started out now.

Maybe that's what they were waiting for ? They were expecting some sort of investment and before that investment began they didn't want to start the ETF ?

If that is the case I could totally understand why they would delay it couple of times until the deal was struck, they do not want to start with their money and move on with others, they want the other money to partner up on the potential risks as well, who would want to prove that everything works and than get investment afterwards when they can share the risks ?

January 24th is just 3 weeks away, we will see if they will postpone again or not, if they do postpone again we can say it had nothing to do with investment but if they do not postpone than we can assume it was for the investment.

[milewilda]

January 24th is just 3 weeks away, we will see if they will postpone again or not, if they do postpone again we can say it had nothing to do with investment but if they do not postpone than we can assume it was for the investment.

I do definitely agree with this line. 3 weeks isnt too far as of this moment and all we need is to wait and for those who wait up for this event will eventually see on what lies ahead on that particular date.
Postpone or not then it would be known later on.

[Mpamaegbu]

Bakkt  is not responsible for the drop in the price of bitcoin,  bitcoin abinitio has been falling before the news. However,  bitcoin market is still bearish and hopefully,  there will be reversal and uptrend in the coming months!

Before long all these puzzles will fall into place and the true picture of how things stand will emerge. In all of this I strongly believe that no matter what bitcoin has come to stay and it isn't going anywhere, whether Bakkt or ETF fails or not.

[SlimShadyMmp]

Is a heavenly invested project they may have to both shoulders before going in because at the end of the day the inevitable dump will most likely happen buy some people looking to make quick cash out of it The good thing they can do is to avoid DEX and then find a very good exchange and possibly buy-back

[Malamok101]

As i see we are starting in january 2019 and no huge price of coins that pumping right now but in this past days ethereum get pumping looking forward from it and maybe it will pump again after fork.

[OmegaStarScream]

With the government shutdown in the U.S, Bakkt will be affected, there is no indefinite delay. At this point, If anyone is expecting it, you should expect the worst.