NEW BAKKT game

[STT]

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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[El duderino_]

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

[BiteMyShinyMetalAss]

^
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!

[Globb0]

Approval could give rise to a sentiment change

[asche]

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!

[exstasie]

^
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!

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.

[LoyceV]

i'm still curious when BAKKT will launch

Let's make a prediction contest 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

[El duderino_]

i'm still curious when BAKKT will launch

Let's make a prediction contest 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

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

LOYCE on this game you have my full support and I guess the whole forums support (excluded the TROLLS)

[asche]

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

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

[LFC_Bitcoin]

^
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.

[asche]

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

[JayJuanGee]

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

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.

[LFC_Bitcoin]

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

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.

[asche]

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.

[LFC_Bitcoin]

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

[asche]

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

I'm fairly new

I'll invite you to my halving party. Promise 

[LFC_Bitcoin]

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

I'm fairly new

I'll invite you to my halving party. Promise 

Haha yes brother
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.

[El duderino_]

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

I'm fairly new

I'll invite you to my halving party. Promise 

Haha yes brother
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

[JayJuanGee]

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.

[BiteMyShinyMetalAss]

^
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?