Bakkt is coming: will this be biggest crypto week ever and set off bull run?

[Harlot]

You see the good thing about hodling Bitcoin on a gain is the best time to participate in any speculation now. I know that a lot of people are turning their attention to news related to the launch of BAKKT so this is the best time for them to speculate right now because the risk involved is mitigated by the margin of safety we have. Even if we still don't know how the market will react with this news I know that it is still considered a win win for us. We don't depend on any news but wait for the actual price movement to happen

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[Ayiranorea]

Bakkt!? Do you think they should be trusted?

They are making a change to the entire bitcoin network through the service offered. From the information gathered about Bakkt I believe there is more chances for people have more trust upon bitcoin. Bakkt is going to serve as the trusted platform to serve the common people who have been hesitant to invest on bitcoin considering its volatility.

[Golftech]

Bakkt!? Do you think they should be trusted?

They are making a change to the entire bitcoin network through the service offered. From the information gathered about Bakkt I believe there is more chances for people have more trust upon bitcoin. Bakkt is going to serve as the trusted platform to serve the common people who have been hesitant to invest on bitcoin considering its volatility.

They will serve as a good channel between common people and those who already have a good knowledge with this industry. If they will perform very well and attract more people to trust this chain, many investors will be guided on how Bitcoin works and how it will be consumed properly, not only as an asset for investment but also serve as a real currency that can be used when doing payment transactions.

We will know what can be the effects of this after being launched. After that, we will be able to have our own assessment concluding whether it's served its purpose, helping crypto to be accepted and adopted.

[davis196]

The recent bitcoin price volatility is extremely low and I don't know what to expect.
Bakkt won't bring any major change on the cryptocurrency markets.The institutional investors will continue to stay away from bitcoin.There's bitcoin futures trading on CME.With or without physical btc settlement,I don't think it really influences the bitcoin price that much.

[metallica101]

Well, if a bull run is on its way, it had better hurry up, since BTC has just dropped below $9.900, alongside the altcoins this time. Also, it doesn't count if the prices simply sink and then return to original levels. Bitcoin was unnaturally stable recently, which made it only a matter of time before it went either up or down. Even so, drops often tend to come before large surges, so you might be up to something. It will definitely be interesting to see whether or not BTC will react to Bakkt launch, and how. Although, to be honest, it doesn't seem like a lot of people are expecting much to happen.

[fenixosup]

There are too many hype around bakkt but i believe that this release can really pump the market

[shoreno]

Well, if a bull run is on its way, it had better hurry up, since BTC has just dropped below $9.900, alongside the altcoins this time.

right now , there is no solid evidence yet that this bakkt thing can cause the price to rise  .

right now what we are only seeing is a pure speculation but happy thoughts can lead to one user to invest in order to prepare so this thing can sill contribute on the price somehow  but you can still continue to invest on btc and altcoins with or without these events because you said that thier prices are now decreasing so you should not miss that great oppurtunity   .

[bitcoinposts]

Bakkt launch will definitely be the best event in crypot many financial institutions are coming to the market and they are planning to trade cyypto in big way we can see btc pump to 15k in this month

[gentlemand]

Bakkt launch will definitely be the best event in crypot many financial institutions are coming to the market and they are planning to trade cyypto in big way we can see btc pump to 15k in this month

Wanna bet on that?

If on my first day in the job at Institutional Inc I walked into my boss's office and said 'sir, the crypto market is looking awful quiet. Shall we start a massive pump,?' the response is unlikely to be 'y' know what? That's a great idea. Call the pump department right now and here's a raise for you.'

It's a tad more nuanced overall.

[serjent05]

Well, if a bull run is on its way, it had better hurry up, since BTC has just dropped below $9.900, alongside the altcoins this time.

right now , there is no solid evidence yet that this bakkt thing can cause the price to rise  .

It is because probably they already collected/bought the needed Bitcoin for BAKKT initial operation.  But the following day would be crucial since there might be some group of whales to ride the timing of Bakkt being launch and pump the price of Bitcoin.  We all know that Bitcoin market always surprise us.

right now what we are only seeing is a pure speculation but happy thoughts can lead to one user to invest in order to prepare so this thing can sill contribute on the price somehow  but you can still continue to invest on btc and altcoins with or without these events because you said that thier prices are now decreasing so you should not miss that great oppurtunity   .

True that, all are only speculation.  We really do not know what will happen, saying something before the day happens is a mere guess or personal opinion.

[pawanjain]

Such news are spreading in the community just because the year end is near and it's time for FUD and FOMO to spread and create a bull trap.
Stay awake! Be aware!
Don't fall for something that you would regret later.

[Pipdips]

This topic is all hype.  Certainly Bakkt is going to be pretty big and everything but this topic contains too much hype.

[kryptqnick]

There could be new money coming in the ecosystem, but I don't see that it will be enough.

I am with you. I won't expect too much on Bakkt issue. Bakkt may bring something good but it should be temporary impacts.

~snip~ a progress like BAKKT is what we need for that to happen, no more delays and no more cancelation that’s what investors is waiting for.

In fact, it is not like all investors expect. There is always a delay after delays. And finally, they are bored with Bakkt. Then, the hype has already gone.

Yes, the hype lasted only last year because everyone of us needed it just to see the market recovering back again. But it was very clear that we did not even have to depend on the Baakt operation to have a bullrun of btc which happened on the 2nd quarter of this year. Baakt is a good inclusion but I don't think that it will be very  beneficial like it will trigger an altseason or some sort of things like that.

Agreed! I also think that initially, people were interested in Bakkt mainly in terms of its potential to push the market recovery forward. From other standpoints, this project was not that exciting. And since Bakkt already disappointed some people, because the launch date was postponed significantly, there's even less interest to it. Not to mention that the market is doing fine without it. I'd say a 15% temporary increase is what we can get but something more than that - unlikely. There are only 4 days left until the futures contracts are available, so we'll see how it goes.

[bitbenzhong]

bakkt launch on September 23,and september 27 is future quarterly settlement date.i think that was a interesting moment.

[inthelongrun]

Bakkt may not possibly push up bitcoin price short term but the main point here is bitcoin's potential to become mainstream. Bakkt launching means bitcoin is already legit and acceptable with open arms especially in the US where SEC being always adamant.

[whtchocla7e]

Although the increase is very low, however, this is a good sign for us. This short-term increase seems to be a signal for a strong revolution in the near future. Please be patient.

[redsun114]

What if BAKKT comes and then nothing happens? I am only looking forward to the upcoming halving that will happen next year, I feel like that's when the next bull run will take place. This internationally backed exchanges or whatever it is, is getting too much hype and at the end it might still disappoint. As much as I can remember, the last bull run was triggered after we had the BCH fork. The price of bitcoin went down and within a short time it started going up and from there it went for a bull run and reached a high price around December. I'm thinking it might be the same thing. BAKKT might get launched and things will still be normal as it is. Unless it's truly going to attract huge institutional money like some experts have said. If it happens that way, then the price will move up and will keep going up until maybe the next fork takes place?. Well, whatever it is that will make the price to go up, I am just ready for it. We have been waiting for a long time for the bull and I have been saving my assets all these while for it.

[bitbunnny]

Bakkt will definetely bring something good to the Bitcoin market. Will it also increase the price it's yet to see. To my opinion that is possible but only on short term. It will not be the long term bull run.
Although I don't think Bakkt is a revolution, maybe just a step forward towards better Bitcoin acceptance and regulation.

[Pipdips]

What if BAKKT comes and then nothing happens?

I believe there will be almost no effect or if there is an effect it would be price manipulation in conjunction with some big news blasts about it, hyping it up so much that everyone believes it was because of Bakkt.  I think Bakkt is a big deal, but manipulation of the entire crypto market is much, much bigger.

I am only looking forward to the upcoming halving that will happen next year, I feel like that's when the next bull run will take place.

We have no concrete evidence to back that up.  I know we are counting on that upcoming halving, but it's possible that nothing will happen.  Look at Litecoin's last halving event, nothing happened.  Also look at previous Bitcoin halving events when price spiked outrageously.  Those previous halving events were possibly manipulated in a big, big way.

[Febo]

Bakkt is coming: will this be biggest crypto week ever and set off bull run?

Whole 2013, 2014 and most of 2015 Gemini was praised to change everything. Winklevoss  twins that invented facebook will make a magic exchange that will bring Bitcoin to everyone. Wall street, banks, corporations. Everywhere.   Long three years of hype. And what happened at end? Nothing in 2015. Nothing in 2016. Nothing in 2017. Nothing in 2018. and you guessed right nothing in 2019.