Bakkt disappointment

[Golftech]

Whales will goes against the majority,when you think the prices will go up then it may go down.

Now you got feel that prices will stay here or fall more the whales will move the prices up.

Whales perfectly knows how to work against the market anticipation. There's no perfect timing for them as they are always benefiting from wherever they place their money. Bakkt expectations coming from many people might be played by those bag holders, shaking the market to fall and lead weak investors to sell everything that they've got, and afterwards buying cheap coins and hype it back to earn even more. This is how wise the whales played against the majority who expects certain trend.

[slaman29]

How many of you guys feel disappointed about how bakkt did nothing to crypto market price but shrink it down to where it is today? i am one of those who think bakkt will have huge impact on crypto market since 2018 so here we are today and things went sideways

Why would I be disappointed? I'm not an institutional investor and I never believed that they could be responsible for bringing the price of BTC up. I think it's the fault of speculators listening to people like Tom Lee who said big money is coming into crypto just because of Bakkt. It's so silly, and no one should ever have believed in it.

[indika]

How many of you guys feel disappointed about how bakkt did nothing to crypto market price but shrink it down to where it is today? i am one of those who think bakkt will have huge impact on crypto market since 2018 so here we are today and things went sideways

I'm not disappointed at all. Actually I wasn't expecting anything at all from bakkt launch. So, Bitcoin price went down, It'll go back up, Nothing to be worried about. This is a great chance to load more BTC before It's moons, Halving is not far away!

i also thinking why btc dump after bakki start its operations.i search many article for find reason for this hard dump.but i newer get clear ides why this dump happened so i think some social impact on this dump like china usa trade war and some whale activity or some fack news

[ven7net]

Many waited for the launch of the Bakkt platform and believed that the launch of this platform would launch the crypto market to the moon, but you saw the opposite. Based on the current situation, we can conclude that good news now does not play a role and does not positively affect the market. But still, I believe that this is a common market manipulation, and someone decided to buy a little more.

[babysweetTiger0401]

How many of you guys feel disappointed about how bakkt did nothing to crypto market price but shrink it down to where it is today? i am one of those who think bakkt will have huge impact on crypto market since 2018 so here we are today and things went sideways

to tell you frankly, I am not disappoint for what happened after the launched of Bakkt because I did not expect anything from. Maybe most of the member or community in crypto business they expect big from it. But we don't know behind the reason  why all of these happens. Just all I know now is that this the very good timing for us to buy those dumped potential coins in the market then hold, hold, hold. Because I knew there's a good will happen in the future.

[Emilyp]

If we can detach cryptocurrency and its survival from events and news's, the price will be more stable. If value can be placed on cryptocurrency as it should be not everything is defined by news we've let the world think cryptocurrency is a joke as a result of news and events actions.

[Davian144]

I tried to find out about the bakkt in coinmarketcap, it turns out their data is not yet displayed there, and I also found information there, if the launch will be done in September 2019, but until now the bakkt exchange has not been clearly seen on coinmarketcap, even though the month September is about to end.

[lionheart78]

How many of you guys feel disappointed about how bakkt did nothing to crypto market price but shrink it down to where it is today? i am one of those who think bakkt will have huge impact on crypto market since 2018 so here we are today and things went sideways

I am not disappointed in Bakkt instead I am quite happy that Bakkt had launched and this unnnecessary rumors and speculation about bitcoin is a scam thing somehow got cleared.  I am also one of those who think that Bakkt will have a positive effect on the market but it seems it is not enough to counter the negative effect of the current sell-off.  Though I will not lose hope that easily, it is not that Bakkt will buy lots of Bitcoin on the market on its launch since I believe they had been accumulating months before their opening, the thing is the possible institutions that they will get on their operations. 

[dearbesz1219]

And what did you expect? I expected it because institutional investors are already in the market thanks to CBOE and CME futures and Coinbase Pro. Also there are many other similiar big funds like Bakkt for these investors. 

[sabine80]

Everyone was waiting, hoping for some kind of significant push for the market.

yes, many people have hoped that bakkt pushes up the prices, but the opposite has happened.
there you see again, the market reacts as he wants, no matter if good or bad news.

[pooh95]

Bakkt is just a beginning. Why people are already concluding this as disappointment? people take sometime for think and do the adaptations. patience is key here. We just have to wait and watch.

Yes, the market decline coincided with the opening of Bakkt trading, but it is too early to draw conclusions, market growth is still observed if you look from the beginning of the year.

[lolgato1]

That is the resulf of big expectation. We thought that smart money will save us and bring to the moon.
Reality? Smart money are not yet interested into cryptocurrencies, they need regulations and the feeling confident.

[Devawnm367]

This is a good thing. When it comes to investing you are suppose to buy the rumors, sell the news.  When any news comes out about crypto the price always drops. The whales force the market down to fill their bags even more. Then after the crash the prices always skyrocket even higher then they were before the crash.

Take block reward halvings for instance, I will use LTC as an example. When the latest LTC halving happened, The price of one LTC dropped almost $30. It is perfectly normal and is actually a quite good thing. You would think because the block reward is only half the price would go up and it will all in due time. Just because the reward halves doesn't mean the coin will double.

Right now you can buy 1BTC for roughly $2500 cheaper then you could 1 week ago. Fill your bags, Who knows if you will ever see Bitcoin below 10k ever again. A pump is coming and it is coming quick. They are dragging the market down because everyone thinks its going to go up then when it crashes 2k everyone panic sales which causes the market to crash more. Just hold long term. Find another hobby, Check back in a month or 2 then you will see what the launching of Bakkt really did to the market!

[vladimirhf]

How many of you guys feel disappointed about how bakkt did nothing to crypto market price but shrink it down to where it is today? i am one of those who think bakkt will have huge impact on crypto market since 2018 so here we are today and things went sideways

No reason for that. If many people are expecting the same thing probably the big investors will do a different move. People should stop expecting swings from the news and stick to fundamentals. FOMO/FUD patterns will just lead you to bankruptcy 

[seleme]

I am not feeling disappointed, the rumors were bought back when the news spread in the market. The speculators blame the other speculators for the market manipulation, so ironic. Bakkt event was expected a months ago but it was delayed several times intentionally.  Crypto whales just bought the cheap BTC while other traders were selling their buy positions to whale's market orders. So many speculations are going around the crypto markets and the biggest disadvantage of the decentralization is the lack of regulation in such situations.

[NeuroticFish]

Disappointment is related to unrealistic expectations. Bakkt effect on the market will be visible slowly, on long term.

Right now CME, BitMex and probably others too are the strong players. We don't know exactly why the price has fallen this much, hence we don't know how the price will move in the near future. However, don't count much on Bakkt to "save" the price. Not yet.

And also keep in mind that some months ago the price was 3-4k, so the current 8k clearly should not be seen as a disappointment.

[emreunsal10]

Disappointment is related to unrealistic expectations. Bakkt effect on the market will be visible slowly, on long term.

Right now CME, BitMex and probably others too are the strong players. We don't know exactly why the price has fallen this much, hence we don't know how the price will move in the near future. However, don't count much on Bakkt to "save" the price. Not yet.

And also keep in mind that some months ago the price was 3-4k, so the current 8k clearly should not be seen as a disappointment.

Exactly this is my point. 

Don't expect any "big" influence from any exchange or news. Whales and other ones are and will always manipulate the price as they want. So don't see this as a disappointment, i will surely make impact on price eventually, but slower is healthier.   

[pant-79]

Disappointment is related to unrealistic expectations. Bakkt effect on the market will be visible slowly, on long term.

Right now CME, BitMex and probably others too are the strong players. We don't know exactly why the price has fallen this much, hence we don't know how the price will move in the near future. However, don't count much on Bakkt to "save" the price. Not yet.

And also keep in mind that some months ago the price was 3-4k, so the current 8k clearly should not be seen as a disappointment.

Exactly this is my point. 

Don't expect any "big" influence from any exchange or news. Whales and other ones are and will always manipulate the price as they want. So don't see this as a disappointment, i will surely make impact on price eventually, but slower is healthier.   

Even before the Bakkt launch and the porported 1m btc move, I had an open mind knowing its all about the whales game. Once things settle down a bit, prices will pick up and we are back to where we should with gradual progress made towards adoption as usual

[dataispower]

I don't blame the market crash to BAKKT, crypto enthusiasts put so much hope on its launch which isn't supposed to be that way. There are different assumptions to the cause of the current market crash, not only about BAKKT.  Oh yes, I actually thought BAKKT's launch will cause a market uptrend due to the hype, but we shouldn't always put blames.

[bigcash2011]

I think things like bakkt cannot have instant effect on the market they are more of longterm projects as they will introduce their platform and services to more and more people and institutions more and more will buy btc through them so we can say it will have slow and steady effect, regarding the recent crash i think that techniclly it was on the cards and bakkt disappointment just added to it which helped market collapse quickly but im optimistic that market will recover in coming weeks.