NEW BAKKT game

[JayJuanGee]

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

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.

I even missed the gemini launch. When was it?

Mid to late 2015.

[asche]

Looks like JPMorgan looks forward to use Bakkt:

https://abacusjournal.com/jp-morgan-chatter-bakkt-infrastructure-jp-morgan-eyes-bakkt-and-ice-infrastructure-%E2%80%8Bas-easy-on-ramp%E2%80%8B-for-crypto-exposure/

“Bakkt is the only place we’d approach Bitcoin and the crypto space. Any and all other ‘set ups’ just don’t rise to the legal standard that is acceptable risk for us. Bakkt is the only place that passes that test. Whether we are there as soon as the door opens, or window shop for a few months, it is the only name we are considering in terms of client funds finding their way into crypto.”

[El duderino_]

Didn’t saw any BAKKT news anymore..... when should it launch?

[exstasie]

Didn’t saw any BAKKT news anymore..... when should it launch?

I don't expect anything until after Congress passes an appropriations bill. The government shutdown pushed things back by 35 days, and it's only reopening for 3 weeks. I'm sure the CFTC has more pressing matters than this.

I'm guessing they pass a bill by early to mid February. Then CFTC hopefully opens up the public comment period by end of February, approval by early April.

Launch by end of April?

[JayJuanGee]

Didn’t saw any BAKKT news anymore..... when should it launch?

I don't expect anything until after Congress passes an appropriations bill. The government shutdown pushed things back by 35 days, and it's only reopening for 3 weeks. I'm sure the CFTC has more pressing matters than this.

I'm guessing they pass a bill by early to mid February. Then CFTC hopefully opens up the public comment period by end of February, approval by early April.

Launch by end of April?

In other words, more government shutdown drama in 3 weeks... .. which will likely put off any BAKKT submissions and decisions.  For how long?  Your guess is as good as mine, but I would be surprised to see any possible meaningful BAKKT or anything like that in the next 6 months, yet maybe I am just a bit too much of a pessimist based on our recent stagnated (and even seemingly negative) ongoing BTC price performance.

[asche]

In other words, more government shutdown drama in 3 weeks... .. which will likely put off any BAKKT submissions and decisions.  For how long?  Your guess is as good as mine, but I would be surprised to see any possible meaningful BAKKT or anything like that in the next 6 months, yet maybe I am just a bit too much of a pessimist based on our recent stagnated (and even seemingly negative) ongoing BTC price performance.

Unfortunately I totally agree with you.

It was sure from the beginning it would get delayed like anything seems to be in the crypto world today, but I didn't expect it to be that challenging. Let's hope for end of 2Q '19

[El duderino_]

^
end Q2 WoW

[KingZee]

In other words, more government shutdown drama in 3 weeks... .. which will likely put off any BAKKT submissions and decisions.  For how long?  Your guess is as good as mine, but I would be surprised to see any possible meaningful BAKKT or anything like that in the next 6 months, yet maybe I am just a bit too much of a pessimist based on our recent stagnated (and even seemingly negative) ongoing BTC price performance.

Unfortunately I totally agree with you.

It was sure from the beginning it would get delayed like anything seems to be in the crypto world today, but I didn't expect it to be that challenging. Let's hope for end of 2Q '19

Regardless of how crazy this ended up to be (out of all events that could have delayed bakkt the gvt shutdown is probably the last thing they expected), we still have a long way before this competition ends.

As long as bakkt is definitelh launching this year, most picks around the 6-10k range are the most likely to win.

[JayJuanGee]

In other words, more government shutdown drama in 3 weeks... .. which will likely put off any BAKKT submissions and decisions.  For how long?  Your guess is as good as mine, but I would be surprised to see any possible meaningful BAKKT or anything like that in the next 6 months, yet maybe I am just a bit too much of a pessimist based on our recent stagnated (and even seemingly negative) ongoing BTC price performance.

Unfortunately I totally agree with you.

It was sure from the beginning it would get delayed like anything seems to be in the crypto world today, but I didn't expect it to be that challenging. Let's hope for end of 2Q '19

Regardless of how crazy this ended up to be (out of all events that could have delayed bakkt the gvt shutdown is probably the last thing they expected), we still have a long way before this competition ends.

As long as bakkt is definitelh launching this year, most picks around the 6-10k range are the most likely to win.

Likely the government shutdown is merely an excuse, and if they are going to launch, they would rather launch in a more hype-filled climate.

[KingZee]

Regardless of how crazy this ended up to be (out of all events that could have delayed bakkt the gvt shutdown is probably the last thing they expected), we still have a long way before this competition ends.

As long as bakkt is definitelh launching this year, most picks around the 6-10k range are the most likely to win.

Likely the government shutdown is merely an excuse, and if they are going to launch, they would rather launch in a more hype-filled climate.

That makes sense too. The main market share of bakkt would be US investors and institutions, and those are probably one of the closest people to be affected by the shutdown. Hopefully this gets solved soon.

[exstasie]

^
end Q2 WoW

Looks like Fidelity will be launching its custody service before Bakkt. They'll be the first Wall Street firm to bring these services to market: https://www.bloomberg.com/news/articles/2019-01-29/fidelity-is-said-to-plan-march-launch-of-bitcoin-custody-service

It's probably just a matter of time before they're offering OTC brokerage services too. That would be the natural progression.

[STT]

Not proceeding while within the gov shutdown worries is a smart move seems like, makes me more bullish about the whole deal and smart management of its progress.   No need to take an umbrella out in a thunderstorm and hope for the best, smarter to fight another day with better weather.  Also that Fidelty news presuming its a successful move and seen to be one.    Also just more time helps anyone who predicted a higher price by thousands then where we are now, I think that continues to help the correction by time dynamic to occur and allow for a higher eventual price on Bakkt launch
Also as time goes on I think theres a better chance of dollar index lower [Im looking for a lower high to form, putting that in on the charts can change minds] which is good for BTC, especially if it becomes a noted trend thats helping the case for lots of venture type capital prices

[Phil_S]

Just for fun, I'd like to make an additional prediction: Jan 8 for the date of the highest price.

I'm going to pretend I meant "date of the highest price in January", haha.

[El duderino_]

Just for fun, I'd like to make an additional prediction: Jan 8 for the date of the highest price.

I'm going to pretend I meant "date of the highest price in January", haha.

F*** boring every game I make ends up in delays and sh*t..... end of Q1 can’t be delayed

Already having itches to not release the Q2 predictions

Boys make you’re graph’s and get yourselfs updated cause Q2 game Will come for sure......

[El duderino_]

so BAKKT is for end this year?

[rdbase]

so BAKKT is for end this year?

Just insert bakkt instead of ico.

Same difference.

[LFC_Bitcoin]

so BAKKT is for end this year?

I don’t even know, they keep bullshitting & making up delays. It’s not a very good sign for them as a business is it.

[KingZee]

Either way, regardless if they launch or not, it doesnt make a lot of difference does it? From here onto the end of 2019, btc just needs any kind of reason to go back up. Bakkt or shmakkt matters very little in the long run..

[DeathAngel]

Either way, regardless if they launch or not, it doesnt make a lot of difference does it? From here onto the end of 2019, btc just needs any kind of reason to go back up. Bakkt or shmakkt matters very little in the long run..

Fair point, it’s likely the next bullrun will start slowly as we approach the next halving. It’s unlikely to be triggered by any single event. Those hoping for the SEC to approve an ETF will be disappointed too.

Patience is required.

[El duderino_]

so BAKKT is for end this year?

I don’t even know, they keep bullshitting & making up delays. It’s not a very good sign for them as a business is it.

I also think as a business its not good how they handle things
For the late prices on the list ... the further delay till the end of this year the better I guess