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Author Topic: Bakkt delayed the launch date!Coincidence or arrangement?  (Read 194 times)
Snowflower11
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November 21, 2018, 01:12:26 PM
Merited by tyz (1), JayJuanGee (1), Pmalek (1)
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There are two big factors that we are waiting for that can help bitcoin prices and the whole market grows again, these are: Bitcoin ETF and Bakkt.But if we look at the current situation, these two factors are becoming very fragile.

1. Bitcoin ETF: We are still awaiting a ruling from the SEC, but there are no signs that the SEC will approve the proposal, at least for now. Bitcoin has kept prices steady for nearly two months, it is a good factor for Bitcoin ETF to be accepted,but in just two days bitcoin's prices and the whole market fluctuate dramatically, bitcoin plummeting to $ 4300, it shows that the market is still very unstable. This makes the Bitcoin ETF's chances of being accepted as fragile, because the manipulation of prices and amplitude of fluctuations are the SEC's concern about this market, in addition to other factors such as fraud, money laundering ...

2. The launch of Bakkt: This is the news I think has the biggest impact on the market at the moment, it shows that big companies have started to enter this market. But it has delayed the launch date, what do you think about this?

Do you think the delay of Bakkt is related to the bloodshed of the market?  I do not think this is a coincidence, I think it is very likely that the arrangement! My personal opinion is that there is probably a scenario where both Bitcoin ETF and Bakkt will come at the same time and push up the market price again.

Latest information about Bakkt: https://medium.com/bakkt-blog/launch-and-faqs-e1a3f7691d7b
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November 21, 2018, 01:20:41 PM
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Do you think the delay of Bakkt is related to the bloodshed of the market?  I do not think this is a coincidence, I think it is very likely that the arrangement! My personal opinion is that there is probably a scenario where both Bitcoin ETF and Bakkt will come at the same time and again push up the market price again.

Whether or not the reason is just a coincidence or if it was an arrangement, I don't think there's anything we can do anyway as I think it's quite unlikely for us to have enough proof for the theories in the first place. Even if they actually did delay it due to whatever reasons, it's their platform to begin with.

I say lets just accept that it got delayed, and we should just simply continue to build; to actually give value to bitcoin or cryptocurrencies in general. I think it's quite bad that majority of the people in the cryptocurrency space are too focused on the prices (and getting rich).

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November 21, 2018, 02:30:55 PM
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Just an uneventful happenstance, I guess. Bakkt operators may have faced some hurdles along the way or are just adding some features that could help their platform generate more interest after launch. They are certainly not the first long-awaited platform to postpone their launch date, though they are being anticipated by a lot of people for some time now, that's for sure. End of January seem to be a slow time for prices to catch up, but then again they are trying to ensure that everything works well so I guess we can't blame them for that reason.

As for the ETF, nahhh I have gave up my hopes on an ETF approval a long time ago.  Cheesy

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November 21, 2018, 02:49:03 PM
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isn't Bakkt supposed to be a place where people can buy and sell bitcoin? if so then what you call "bloodshed" is their bread and butter! in other words if anything they should have pulled the release forward instead of postponing it.

as for ETFs, they are old news now. nobody cares about SEC and their decisions anymore...

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May 20, 2019, 02:38:19 PM
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recently, both there seems Bakkt and BTC-ETF is finally on the move.
Bakkt get permission test products by CFTC and plan to start User test in July.
i think perhaps Bakkt may being active toward 2019 year ends

...While i have less expection about FTF, because, in BTC market,
there are high volatility as it is and this quite concern SEC.

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