Bakkt disappointment

[Winscosinally]

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

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[metallica101]

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 think that people made a mistake of expecting Bakkt to be the savior of crypto space, the raiser of prices, the mother of dragons, and what not. It is just a futures exchange that will maybe, MAYBE, attract institutional investors. However, it will take time for them to become comfortable with crypto, even through Bakkt. None of it will happen at once, and Bakkt is just a small step in the right direction. People overhyped it and when nothing happened, the disappointment knocked the prices down. That doesn't make Bakkt bad. Things will calm down, just give it some more time.

[rosezionjohn]

Wasn't it the bakkt news back early this year that caused the rally from $3K to more than $12K? That's I'm getting from other people's feedback. I guess you can call what happened here as "selling the news". When people like you are expecting are holding and expecting for a pump, experienced traders are getting to ready to capitalize and dump.

[passwordnow]

I am expecting positive outcome about Bakkt but all we've seen is all against to what we have thought of. But don't make a conclusion that it's really Bakkt that made this dump. There are other factors that made this bloody days again.
Start doing something to counter this situation through making yourself a favor by buying at discounted prices whether it's for bitcoin and few known altcoins.

[Danslip]

The most uncomplicated answer to similar questions is the market trading law from the experienced traders: Buy the rumors and sell the news! The market participants decided how to accept the welcome party for the institutional money and the majority of the crypto traders decided to sell the news before the new experienced institutional traders attempt to do it. The institutional money never leaves the market unless there are other good opportunities on other financial markets, remembering this factor will clear the other questions from our mind while thinking about the cause of the last price downfall from $10500 to the $7800.

[Bitfling]

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 also used to think that BAKKT would have a positive impact on the price of Bitcoin but the reality was not as expected. The small number of transactions at BAKKT has disappointed investors and maybe this has caused the price of bitcoin to fall by more than 20%.

[ganeshramk]

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.

[Orrechorre]

Its too early to blame bakkt and think they have not done anything, we have all forgotten in a hurry that some exchanges were hacked and Cryptos were stolen, that alone is a big set back when they dump it.

[Samayuki]

Don't fall it, some people are in the shadows pulling the strings, whales are the ones manipulating the market presently,  many will rush to sell off their bitcoin and when that is done whales will drive the price back up again, you will end up losing

[terrorJR]

So Bakkt's arrival in the crypto world only became the price of bitcoin and altcoin fell. honestly I do not understand what Bakkt is.

[Yaunfitda]

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 agree, it just a disappointment that the supposedly event that will bring the market and push the price, the opposite happened.

But on the bright side, why don't we just take this opportunity to get more BTC's? The price is really cheap at the moment and maybe we won't see this price in the future.

So stop making excuses and blame bakkt today, maybe in the coming days we can see some semblance of a recovery, but at this point, better stack up our wallet with cheap coins.

[coaprotet]

Bakkt was a huge hope for me and I thought if accredited investors would finally get access to Bitcoin, trading volumes will exceed all expectations, but 20 BTC in total represent the weakness of crypto industry at the moment.

[OasisDre]

I never expected anything from bakkt at all, its a shame that too many people believed that bakkt is the answer to crypto adoption well i am not saying this is impossible its just that the hype for bakkt is way overestimated, if bakkt is going to have impact on crypto its something that can't  be rushed

[akirasendo17]

You got it wrong bakkt function in crypto is to open its door to the people who have not know digital assets
they help in promoting crypto currency to the world, the reason why the market goes down is not bakkt fault
its really what the whales are doing to get a better price to gain more profit , if you have not heard the news
a anonymous holder sold one billion worth of bitcoin to an exchange, what happen? the people have panic
because the price goes down, this is what they want panic and fear to everyone , so others will follow selling
all of their bitcoins , now the price is down during that time they already bought back in the lower price
and then i think they will do some manipulation and the price will go up again, its happening over and over again
you see they are playing people in their hands ,
in 2017 when the price goes to 20k usd, they sold again a lot of bitcoin the price goes down to $3K but lots of us bought
$20k the scenario is happening again, its not bakkt fault

[JeffBrad12]

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

Me too, i have been getting a big surprise after seen the fact if bakkt of bitcoin gets around 7 bitcoin as a daily trade volume. Those are pumping bitcoin hoping a lot to see a huge volume that can represent the demand for bitcoin. It looks like the majority of them are also feeling the same and it's very sad to see some people have bought bitcoin when it was more than 10k.
But this is the risk that we must take it.
Crypto is not always about to be accepted easily by other communities.

[Morguk]

Last time a futures market opened BTC got rekt, so why do you think it would be any different with Bakkt?

[LuckyBtc]

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!

[elewton]

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!

This is a great opportunity for you to buy BTC cheaply because the current market is in a correction phase and will definitely be good for investing if you invest right now. I have good faith in this market and will consider investing in top coins because those investments will be of great help to me in the near future. Currently BTC price is maintained at $8000 but by the end of this year things will be different and this coin will return $10,000 again.

[akirasendo17]

So Bakkt's arrival in the crypto world only became the price of bitcoin and altcoin fell. honestly I do not understand what Bakkt is.

Bakkt is also an exchange , since bitcoin is not widely known to the world ,
they want to attract investors and people to use it and maybe in the future will be legally using it as money
although some is already using it but its not legal in some countries and needs to be legalized by the government

[asradoni]

One thing was expected from bakkt, this is the price to the moon. But some traders also earn on the fall, so it was beneficial to create a hype around bakkt to earn but not everyone ...