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Author Topic: NEW BAKKT game  (Read 19702 times)
micgoossens
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January 20, 2019, 10:22:00 PM
 #401

via Imgflip Meme Generator

https://twitter.com/coindesk/status/1087073564338126848?s=21

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January 21, 2019, 12:00:52 AM
 #402

Meh,
Thats just the worst case scenario for this thread......

I dont know, if we are talking the bulk of bets on a higher price.   I thought that would require a far longer cooking time to really be feasible.    We can spike up of course always but I figured also the higher guesses would require Bitcoin to develop some, mull over the BAKKT potential development, the price possibly builds a little and also less selling as we reach exhaustion on that overhang from 2017.    Then Ontop of that you get the spike up, then I believe any of the guesses above 8 or 10k are actually reasonable.     My 6k guess was a just a compromise, maybe I should have aimed higher, dreamed bigger




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January 21, 2019, 09:55:39 AM
 #403

^
i'm still curious when BAKKT will launch, cause sometimes the announcements and delays are more and more looking @ some kind of game playing Roll Eyes

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January 21, 2019, 10:10:18 AM
 #404

^
i'm still curious when BAKKT will launch, cause sometimes the announcements and delays are more and more looking @ some kind of game playing Roll Eyes

1) They wont launch on 24th as they still dont have an aproval
2) Even if they launch - this wont affect price 

BAKKT is severelly over rated!

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January 21, 2019, 10:13:16 AM
 #405

Approval could give rise to a sentiment change

Buy the dip and the celery
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January 21, 2019, 10:34:35 AM
 #406

Approval could give rise to a sentiment change

To me approval could just be the one drop that would maybe make it change.

Right now we would need more than a single drop. More like a waterfall I reckon. But I have patience, if the upward movement comes in 2020 or 2021 it is fine by me too.
I will still be alive and available to have fun on it!

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January 21, 2019, 10:53:42 AM
 #407

^
i'm still curious when BAKKT will launch, cause sometimes the announcements and delays are more and more looking @ some kind of game playing Roll Eyes

1) They wont launch on 24th as they still dont have an aproval
2) Even if they launch - this wont affect price 

BAKKT is severelly over rated!

I think so too. It might cause a little bounce or short squeeze, but I don't see it as a catalyst for ending the bear market.

U.S. government shutdown still in effect. Almost the entire CFTC staff isn't working, so I'm sure the application is just gathering dust. My guess for launch date: sometime in March.

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January 21, 2019, 11:18:32 AM
 #408

i'm still curious when BAKKT will launch
Let's make a prediction contest Cheesy Considering the various delays, and the powerful forces that have big interests in stopping it, I wouldn't be surprised if it doesn't happen this year at all.
With a large error margin, and considering summer happiness, I choose July 22 of this year. Let's hope they make it Cheesy

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January 21, 2019, 11:24:44 AM
 #409

i'm still curious when BAKKT will launch
Let's make a prediction contest Cheesy Considering the various delays, and the powerful forces that have big interests in stopping it, I wouldn't be surprised if it doesn't happen this year at all.
With a large error margin, and considering summer happiness, I choose July 22 of this year. Let's hope they make it Cheesy

the later the better for your price TO reach its ATH
if their is a belief, price could reach around 30k before december 31 of this year

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January 21, 2019, 07:46:31 PM
 #410

Maybe something like this will finally make me lose my spot:

https://news.bitcoin.com/us-government-shutdown-bitcoin-etf-approval/

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January 21, 2019, 08:24:11 PM
 #411

^
i'm still curious when BAKKT will launch, cause sometimes the announcements and delays are more and more looking @ some kind of game playing Roll Eyes

1) They wont launch on 24th as they still dont have an aproval
2) Even if they launch - this wont affect price 

BAKKT is severelly over rated!

Starting to think BAKKT will do the same to the price as GEMINI did - Nothing!
I remember waiting & desperately hoping for GEMINI launching to send us to the moon & it basically did nothing.

Bitcoin will moon but I think it’s more likely to be as a result of diminishing supply after the halvening.





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January 21, 2019, 08:35:22 PM
 #412

Bitcoin will moon but I think it’s more likely to be as a result of diminishing supply after the halvening.

Block reward is going to be halved. The halving is about the rewards not the supply which remains unchanged.

Edit: Pretty sure you know this and this is just about semantics Wink

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January 21, 2019, 08:44:58 PM
Merited by LFC_Bitcoin (1)
 #413

Bitcoin will moon but I think it’s more likely to be as a result of diminishing supply after the halvening.

Block reward is going to be halved. The halving is about the rewards not the supply which remains unchanged.

Edit: Pretty sure you know this and this is just about semantics Wink

That is a fair clarification, even though surely LFC has been around the bitcoin block a sufficient number of times to know that the upcoming halvening (as well as other BTC havenings) is about reductions ("diminishing") in the amounts of new supply rather than affecting existing supply.

Further, even when BTC's supply schedule is known out to 2140 and beyond (absent some kind of consensus to change the supply), the halvenings have "hard effects" that folks can claim are "priced in", yet the reality of the diminished quantities of new supply have tended (and not likely to change) to force hard effects in BTC's price to rise, whether the powers that be or traditional financial players want such hard effects.

Put BTC here: 35EVP8EePt8dyvKHaB7bXaRmKLm22YgRCA

How much alt coin diversification is necessary? if you are investing in Bitcoin, then perhaps 0%?
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January 21, 2019, 09:01:53 PM
 #414

Bitcoin will moon but I think it’s more likely to be as a result of diminishing supply after the halvening.

Block reward is going to be halved. The halving is about the rewards not the supply which remains unchanged.

Edit: Pretty sure you know this and this is just about semantics Wink

That is a fair clarification, even though surely LFC has been around the bitcoin block a sufficient number of times to know that the upcoming halvening (as well as other BTC havenings) is about reductions ("diminishing") in the amounts of new supply rather than affecting existing supply.

Further, even when BTC's supply schedule is known out to 2140 and beyond (absent some kind of consensus to change the supply), the halvenings have "hard effects" that folks can claim are "priced in", yet the reality of the diminished quantities of new supply have tended (and not likely to change) to force hard effects in BTC's price to rise, whether the powers that be or traditional financial players want such hard effects.

Bitcoin’s become more rare after every halving.

Miners get less coins per block mined. Miners sell bitcoin’s for profit & obviously to cover costs. I could be wrong as there are lots of factors that decide how many people are selling how many coins at specific times (namely price).

I always think though that after every halving there are less coins available on exchanges. Miners have less to sell naturally.

Supply & demand.

There’s a reason why the price usually soars 6-12 months after each halving.




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January 21, 2019, 09:09:13 PM
Merited by LFC_Bitcoin (1)
 #415

Yes but this is linked to liquidity. The supply is linked to how many there are in circulation. This number keeps increasing.
The liquidity is how much is actually available to trade because people are willing to exchange them.

And yes I believe that mining cost is a floor price for Bitcoin. Being so close to that actual bottom I agree with you that the halving will increase the mining cost and also increase the price on the secondary market so to say.

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January 21, 2019, 09:21:41 PM
 #416

Yes but this is linked to liquidity. The supply is linked to how many there are in circulation. This number keeps increasing.
The liquidity is how much is actually available to trade because people are willing to exchange them.

And yes I believe that mining cost is a floor price for Bitcoin. Being so close to that actual bottom I agree with you that the halving will increase the mining cost and also increase the price on the secondary market so to say.

Haven’t seen you around before. You seem a good poster, really clued up. Sent you 1 Merit any way Smiley




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January 21, 2019, 09:23:46 PM
 #417


Haven’t seen you around before. You seem a good poster, really clued up. Sent you 1 Merit any way Smiley

I'm fairly new Smiley

I'll invite you to my halving party. Promise  Cool

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January 21, 2019, 09:26:22 PM
 #418


Haven’t seen you around before. You seem a good poster, really clued up. Sent you 1 Merit any way Smiley

I'm fairly new Smiley

I'll invite you to my halving party. Promise  Cool

Haha yes brother Smiley
You should post in the Wall Observer thread in Speculation. It’s agreed there will be a big meet up when/if we reach $100,000 per BTC.




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micgoossens
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Activity: 728
Merit: 2169


We Vegeta !!!!


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January 21, 2019, 10:35:35 PM
 #419


Haven’t seen you around before. You seem a good poster, really clued up. Sent you 1 Merit any way Smiley

I'm fairly new Smiley

I'll invite you to my halving party. Promise  Cool

Haha yes brother Smiley
You should post in the Wall Observer thread in Speculation. It’s agreed there will be a big meet up when/if we reach $100,000 per BTC.

INDEED.... btw comrade XhomerX could make you a fine HAT of that avatar Grin

XhomerX10 designed my nice avatar HATs!!!!!  Thanks Bro
JayJuanGee
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How much alt coin diversification is needed? 0%?


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January 21, 2019, 11:05:47 PM
 #420

Yes but this is linked to liquidity. The supply is linked to how many there are in circulation. This number keeps increasing.
The liquidity is how much is actually available to trade because people are willing to exchange them.

And yes I believe that mining cost is a floor price for Bitcoin. Being so close to that actual bottom I agree with you that the halving will increase the mining cost and also increase the price on the secondary market so to say.


I doubt that any of us really disagree about a variety of these points, and even though supply and liquidity are two different concepts, they are linked, as well. 

By the way, I doubt that any of us, including you, have meaningful data to back up or quantify the extent to which:  "this number keeps increasing."  Yes, with the mining of bitcoins, every 10 minutes there are more bitcoins that are in circulation; however, there are all kinds of folks (and institutions) trying to measure the extent to which more bitcoins are being removed from circulation, merely because a certain number of folks would prefer to completely remove them from circulation by a method endearingly named as cold "HODLing." 

I doubt that any of us are going to put it past BIG finance and even exchanges to attempt to rehypothicate or fractional reserve BTC to the extent that they are able to get away with it - nonetheless, it also seems that some of the January 3 celebration to promote the removal of coins from exchanges was to attempt to inbred a kind of bitcoin consiousness that distinguishes bitcoin from any previous asset (or money) that has been known to man (to date) and that is to claim possession of your coins, which can also become a very powerful tool to put any third party into check in the event that the extent of their rehypothication or fractional reserves is drawn into question.

I think that in sum, I am still saying, here, that HODLers of bitcoin still do not have great bitcoin auditing tools beyond just claiming your bitcoins and putting them into a private wallet.  Furthermore, I don't think we have great tools to measure the extent to which a variety of people are exercising those cold HODLing practices in order to either safeguard their coins or to take a long term speculative bet that their bitcoins will be worth much more in the future, and there is some value in really removing them from circulation.

Put BTC here: 35EVP8EePt8dyvKHaB7bXaRmKLm22YgRCA

How much alt coin diversification is necessary? if you are investing in Bitcoin, then perhaps 0%?
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