Bakkt disappointment

[senne]

People were expecting that Bakkt will give institutional investors a safer platform to come to crypto. Anyone who was thinking that safety was the reason something was keeping institutional investors away from crypto, then sorry that was a bizarre assumption . Institutional investors are involved in all kinds of OTC trades and illegal trading activities. They don't require such platforms, they create their own. Thus, such underwhelming response was more than expected. But retail investors thought otherwise and that brought a slump. This will correct itself in a few days.

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[watergold]

coincided with the start of the bakkt it turned out that the price of crypto plunged far. I just thought whether this moment was right when we were waiting for the opening moment that it turned out that actually the price of crypto had decreased quite sharply. even the good news had no effect. Is that true 

[Convery]

Give them time, institutional investors need to be informed about this opportunity and the market sentiment is not positive for any new investments.

[emreunsal10]

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

BAKKT - this is only a deception, he was like a flag for ordinary people that with the advent Bakkt we fly to the moon. That did not happen, because it could not be, large investors have to crypto market and the arrival of new does not depend on the discovery of some Bakkt.

I think you're wrong. The launch of this cryptocurrency exchange will bring results. it’s just that they don’t want to show it to all people now. just wait

This is my perspective too, institutional investors will need time from my view. Like someone said, they have already impacted the price when BAKKT first showed up on last year. Now it is open so.. patience and hype will be created among them.

[ashmodeus]

disappointment because what ?
because no people using it ?
oh come on bro, it's even opened a few days ago.
Physically settled Bitcoin futures may be fundamentally more useful than cash-settled contracts to key market participants.
experienced investors certainly know that.
aslo, bad situation 1 day before bakkt launched make some fear on market.

[mickey_miner]

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 did not hope for Bakt because I noticed that when everyone is waiting for something it does not happen and it becomes only worse. This time everyone was waiting for a big increase in prices, and in the end, the price collapsed.

[nelson4lov]

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 did not hope for Bakt because I noticed that when everyone is waiting for something it does not happen and it becomes only worse. This time everyone was waiting for a big increase in prices, and in the end, the price collapsed.

I think what happened was that BAKKT was way overhyped. I could remember some people were predicting $30K to $50ak prices for Bitcoin. The first disappointment came after It was initially delayed. I have a feeling that if it was released at that time – Without the delay, The results would be enough to write home about it. But all hope isn't lost. Let's take a chill pill and give them time. Most times, Good things don't come easy.

[jcarlo]

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

Maybe many of us are disappointed after BAKKT is far below expectations but in my opinion BAKKT is not the reason for the price of bitcoin to fall. Maybe in the beginning BAKKT was disappointing but it could be that in the next few months BAKKT could boost bitcoin transactions and make the price of bitcoin rise again

[traderethereum]

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

Maybe many of us are disappointed after BAKKT is far below expectations but in my opinion BAKKT is not the reason for the price of bitcoin to fall. Maybe in the beginning BAKKT was disappointing but it could be that in the next few months BAKKT could boost bitcoin transactions and make the price of bitcoin rise again

That was because, after BAKKT launch, people are not predicting and doesn't ready to see the price is down even down to the lower price.
But if they prepare for the worst thing, I think they will not disappointing too long and will realize that is what happens in the market.
We cannot depend on BAKKT to boost the price, and we still have time to see the price will increases.
There is no point to feel disappointed about something too long because that will waste our time and we cannot get the benefits from the situations.

[Murat]

I'm not going to discuss the fail or success of Bakkt, It's not the right time to judge them because they haven't got enough time to prove themselves, it requires time I think, Bakkt has some tremendous ideas in order to build a future digital asset infrastructure especially Bitcoin and cryptocurrency. It will enable the security of the storage which is very essential for the crypto market, this platform is going to launch a new standard in digital asset custody by leveraging the cybersecurity tools on which leading global exchanges, also Bakkt has a plan to create a partnership with some heavyweight exchange where people can get access to secure payment system for both Marchant and Consumer. Not only that but also Bakkt is going to build up a platform where Bitcoin will be used as a payment system, I mean Bitcoin will get a large platform as conventional money. so let's talk about their success after a couple of Months about Bakkt's success or failure.

[voltesbit777]

As I see many here on the forum they still look positively on BAKKT after its release even though the price of bitcoin has soared that it is also the cause of the collapse of potential altcoins in the market. But even so many are glad that the collapse of the market has been a good opportunity for them to buy potential coins that they could not buy in huge quantities before now that they can afford to hold onto what they are sure I am.

[Questat]

As I see many here on the forum they still look positively on BAKKT after its release even though the price of bitcoin has soared that it is also the cause of the collapse of potential altcoins in the market. But even so many are glad that the collapse of the market has been a good opportunity for them to buy potential coins that they could not buy in huge quantities before now that they can afford to hold onto what they are sure I am.

Because they know that there is no big reason why BTC should collapse, Bakkt launch is a great achievement this year, therefore we should see some uptrend. Think that this price downtrend is just temporary, BTC were able to hold to $8k before it starts to dump now and only trading at $7800, but like I said this is just temporary as I've seen this kind of situation many times before, and I always see how BTC recovers.

[Hamzaal24]

I believe Bakkt will be good addition to crypto-market. The news are not that goods. But we should not get disappointed lets wait for sometime might market get recover.

[XCANA]

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

Since BAKKT theme has been repeated for a long time, it has lost ability to influence. Personally I was expecting such an outcome and it was.
On the other hand BAKKT was created, but they did not meet what was expected. I think that was what they wanted to do in advance because the price increase would disturb elders.

Never like that; Bakkt first announcement on their launch influence the entire market and we all saw the positive movement of crypto prices, before they postponed their launch. At this junction they bought some good handful digital currency but now, they are ready for the real business of trading and not to hype prices.
Let just wait a  little because things will change systemically in our favor. Few weeks from now will probably show the difference, let wait.

[DaMut]

I believe Bakkt will be good addition to crypto-market. The news are not that goods. But we should not get disappointed lets wait for sometime might market get recover.

In cryptocurrency, we are closing our position after we are hearing news and creating our position once we hear a rumor. This method works fine even until now,
just look at Bakkt. The first time we were hearing it, the market surged and after Bitcoin future listed there, the price has plummeted.
do not hope too much the price will recover, because it is very clear that we are going to see the dip soon.
unless we hear something new and it is comparable to Bakkt. Or else we are just going straight to the bottom just like CME listing before.

[Neo.op]

I think we've been fooling ourselves for a long time.The price of bitcoin has always risen at the most unexpected moments.There were a lot of fuds before.(sec, China inhibitions, jp morgan)but bitcoin was not affected by them.Likewise, well-known developments do not affect the price of bitcoin...(BAKKT).All we have to do is use bitcoin as a currency and trust it.

[Ss4sukE]

not only you but I also have the same feelings and even other crypto communities. we think Bakkt is one way to recover the current situation of the cryptoqurrency market, but the fact is not what we expected. I have been waiting from 2018 about the latest Bakkt news but in the year I was disappointed with their bullshit.

[trauchot]

Of course, I was very disappointed when I saw trading volume in bakkt, because we had been waiting for bakkt to open for a very long time and believed that with the opening of bakkt, the cryptocurrency market could give at least some growth, but nothing good happened with the cryptocurrency market and it only got worse, so the opening of bakkt was simply in vain, so we should wait for the growth of the cryptocurrency market and maybe then more investors will work with bakkt.

[surgical_duude]

BTc will soon overcome the mistakes it has made.  Actually Bakkt has caused heavy market volatility but this is only the beginning of it.  Bakkt will return in the near future in the hope that it will make a major contribution to the market.

[Bitcoin Seller]

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

Everything will be changed. Bakkt is new, and even the fact of its launch is a revolution already. With its help, Bitcoin will become more popular, and as a result, the price for the main cryptocurrency will start growing again. All we can do not is not to blame Bakkt and the team but wait for the first positive results of its work. BTC soon will be more popular than gold with Bakkt.