BAKKT The Pump To November

[NathanJB]

So looks like we're still BAKKT up guys and I zoom out the charts and check this shit out .... This may push the pump back until November!

BAKKT The Pump To November:
https://www.youtube.com/watch?v=MLT3tCMoXpU&t=150s

Are we still holding on to Bakkt until now? Bakkt is good for the longer term. That is the better way of looking at it. There is no need to push yourself believing that Bakkt will cause a sudden pump to the price days after the launching. We can see that Bakkt trading did not turn out the way the hype built around it makes it appear. Instead of a pump, the Bakkt launching day was characterized by a drop on the contrary.

[clickerz]

Bakkt effect is supposed to be slow and steady and may have not happened yet, since Bakkt may still "use" Bitcoins bought before its launch.
So I'd say that for now the "Bakkt effect" is only mentioned here and there for speculation.

It should be, it doesn't mean that when Bakkt is approved means that it will moon immediately. Its another avenue where investors can obtain bitcoin and trade. It should be a slow rise, though unexpected, the  price is now is below $10,000. Bakkt approval is a good sign, it adds bitcoin popularity and legitimacy.

[TGD]

We must not put too high expectation again in Bakkt if it will give us chance for pump to November then let it be, sometimes we exercise too much excitement that gives us heartaches and guilt in plans we wanted to do. Let us give itime and Bakkt be developed fully and so do our own ways of earning, trading , and etc. We already put hope in Bakkt before but it only turnouts differ when it release maybe when it is fully functional it can make it jobs well.

[bitgolden]

To be honest, I am too tired hearing about BAKKT. BAKKT will do this, will do that, blah blah blah. I doubt even 10 % of people talking about BAKKT know jack shit about what it is, let alone how it affects the price of BTC. Everyone was like woohoo now with BAKKT btc will pump, yet it dumped. Geniouses.

The price pumping was much expected based on the launch of Bakkt. To the expectation all that happened in the opposite manner. Now the wave based on the Bakkt have got to an end and people have stopped talking about the same. Probably this will surely make a change in the the market long term.

People like to hype things unnecessarily as if they are very sure of it, when this news of bakkt came up, I asked some of my cryptocurrency friends to actually help me analyses how the bakkt could make changes to bitcoin world, but they could not really say much, all they know is that there is a believe that bakkt release will have effect on bitcoin, and I left them for them to really see for themselves.

If bakkt is going to have an effect on bitcoin, it would not be now but in future, they will really have to get more people that have need for their service to use their platform. Many of us have been singing praises of bakkt, but if you ask the majority of people here in this forum of how many of them have even visited the platform before, you will see that the percentage will be very low, so I don’t just follow people when they say things without analyzing it myself.

[spadormie]

Saw this image also in bakkt.com. And for me as a crypto trader, I don't know anything about this Bakkt but, with simple apprehension or grasp on the chart, I can say that BAKKT played a big role on September's dump.

[MFahad]

Saw this image also in bakkt.com. And for me as a crypto trader, I don't know anything about this Bakkt but, with simple apprehension or grasp on the chart, I can say that BAKKT played a big role on September's dump.

Bakkt is not responsible for this bitcoin dump. It is the whales which created the hype and then dump right before the start of the launch. This is the old tactics of whales to make the money and rest of the traders like us to lose the money and hope.

I am not forecasting or anticipating any pump in November but i do hope that bitcoin make a strong support level at 10,000$ and remain stable above 10K for some time and the gradually move up.

Sudden pumps are never long lasting !!!

[spadormie]

Bakkt is not responsible for this bitcoin dump. It is the whales which created the hype and then dump right before the start of the launch. This is the old tactics of whales to make the money and rest of the traders like us to lose the money and hope.

I can clearly see your point regarding BAKKT. Thank you for this information. I just forgot whales being part of cryptocurrency. I know these people are just opportunists that will make money while stepping on others. Well, not blaming them for this but they are also traders just like us with different views. Although this could be a reason why people are leaving cryptocurrency with this 'whale trap.'

[MURONDI]

So looks like we're still BAKKT up guys and I zoom out the charts and check this shit out .... This may push the pump back until November!

BAKKT The Pump To November:
https://www.youtube.com/watch?v=MLT3tCMoXpU&t=150s

I think BAKKT will have a positive impact on the value of bitcoin, moreover Bakkt is a subsidiary of the Intercontinental Exchange, which is undoubtedly his success in the world of finance. although at this time we have not felt the effect, many say that bitcoin will go towards $20K, 

[cryptoblazter]

So looks like we're still BAKKT up guys and I zoom out the charts and check this shit out .... This may push the pump back until November!

BAKKT The Pump To November:
https://www.youtube.com/watch?v=MLT3tCMoXpU&t=150s

As I have observed on this, that still a lot of BAKKT supporters are more expecting in it to make its price be increase. This might be the reason why just yesterday bitcoin price begun to increased again little by little in the market. But not so sure if this is because of BAKKT pump this November. I'm still watching the movement of price up to now to see what is going to the price of bitcoin.

[Willitivity]

BAKKT launch didn't create the pump everyone was eagerly waiting for. With soany delays and postponements, people gradually lost interest in it, that was why no sure succes as regards to Bitcoin price has been recorded from it. But on the other hand, I feel like it's going to be a slow and steady kind of pump. Let's see what the coming days will bring.

[ChrisPop]

To be quite frankly the volume on Bakkt is not at all convincing, but anyway it is good that we have the infrastructure set in place for the institutional investors to pour their money into the markets in a regulated framework. From another point of view we are at a very important pivot in the market right now so depending if we break this level to the upside or not will set the trend for the next few months in my opinion

Hopefully Bitcoin has the power to break upside and give us all a nice Christmas! 

[adzino]

Never heard of BAKKT until today. Kinda sounds like you are just trying to create a hype and nothing else. Just like those news articles I came across when googling BAKKT.
What if it doesn't get "pumped" to November? What you going to say then? BAKKT - the pump to December?
Just looking at graph and saying that the price is going to get pumped or is getting pumped isn't correct. You will need solid facts to support your claim.

[Oasisman]

Never heard of BAKKT until today. Kinda sounds like you are just trying to create a hype and nothing else. Just like those news articles I came across when googling BAKKT.
What if it doesn't get "pumped" to November? What you going to say then? BAKKT - the pump to December?
Just looking at graph and saying that the price is going to get pumped or is getting pumped isn't correct. You will need solid facts to support your claim.

Probably this post is for another Bakkt hype. Since there are number of people here who was speculating about the long term effect on Bakkt.

I think someone is making another reason for the people to be enthusiastic in accumulating Bitcoin again deliberately, because they are riding the current pump of the price today.

[Beparanf]

Probably this post is for another Bakkt hype. Since there are number of people here who was speculating about the long term effect on Bakkt.

I think someone is making another reason for the people to be enthusiastic in accumulating Bitcoin again deliberately, because they are riding the current pump of the price today.

I've been a believer of Bakkt too, whenever I read news about Bakkt before it really felt that it can be a way to make BTC pump again but it did not when it is released, It may only be another hype but we will know in November. I will not be too excited regarding this since if it will give an impact it should happened already days before or after the released.

[BitHodler]

I think someone is making another reason for the people to be enthusiastic in accumulating Bitcoin again deliberately, because they are riding the current pump of the price today.

That has always been the case here. I can't remember a time where people on this forum or elsewhere with a bunch of coins in their portfolio to recommend people to not touch Bitcoin for a while.

I can understand that there is an incentive for people holding Bitcoin to keep shilling it during a bearish market, but recommending people to buy every single dip is just retarded in my opinion. One shouldn't tell anyone to do so.

I rather explain people that it might be better to wait for the price to bottom out first than to say go ahead and buy as many coins as you can. Shillers tend to do so by pointing at +$100k price points to tempt them to buy.

[bitcoworld]

So looks like we're still BAKKT up guys and I zoom out the charts and check this shit out .... This may push the pump back until November!

BAKKT The Pump To November:
https://www.youtube.com/watch?v=MLT3tCMoXpU&t=150s

Well, I am still a non-believer kinda until I see on my own that I was wrong. I understand the potential of Bakkt and liked it all the way but since they launched their Volume was just disappointing which also shows me somehow the conservative art of thinking institutional investors have. I really hope this changes and Bakkt Volume explodes!

[CryptoBry]

So looks like we're still BAKKT up guys and I zoom out the charts and check this shit out .... This may push the pump back until November!

BAKKT The Pump To November:
https://www.youtube.com/watch?v=MLT3tCMoXpU&t=150s

Well, I am still a non-believer kinda until I see on my own that I was wrong. I understand the potential of Bakkt and liked it all the way but since they launched their Volume was just disappointing which also shows me somehow the conservative art of thinking institutional investors have. I really hope this changes and Bakkt Volume explodes!

I do believe that Bakkt is a good platform offering a good way for institutional investors to get into the Bitcoin thing as easy as they can but there's  seem to be some objection with its Bitcoin-settled feature especially with those who do not want to deal with Bitcoin directly. But then again, it is not yet one month since its introduction so let's give this platform some time to prove itself. Maybe by 2020 we can already see how things are going and whether Bakkt can be able to survive the realities of the marketplace. We are now moving past Bakkt anyway and looking forward to the 2020 halving so hypes will soon be building on for that so much so that the recent ETF rejection was just muted and gone unnoticed.

[danherbias07]

Look like the hype will never stop.
Until there are people who are spreading the news then we will be seeing more pumps from this new coin.

It may have been affecting bitcoin for a little bit since some people are selling their bitcoin in exchange for Bakkt but will that be enough to see a large pump this November.
Half of them are also predicting bitcoin to go large before the end of the year.

[Jating]

And half are predicting that bitcoin will go on the $6k-$7k levels? So what does this mean? We can never really tell if Bakkt is going to really pump the market in November or it will push the price even more.

It may have been affecting bitcoin for a little bit since some people are selling their bitcoin in exchange for Bakkt but will that be enough to see a large pump this November.
Half of them are also predicting bitcoin to go large before the end of the year.

For sake of transparency though, and for those who wanted to hear some positive news about Bakkt:

https://twitter.com/Bakkt/status/1182299015142133762

As we continue to build the Bakkt Bitcoin Futures contract, we reached a new trading record of 212 contracts traded yesterday.

So according to them, they have established a new trading record in about what two or more weeks? So there could be some good news to come by in the future.

[Yaunfitda]

^^ At least there's something to cheer about, LOL.

But it is still far cry from what everyone is expecting, like by this time hundreds if not thousands should be trading along that line right?

Or institutional and casual investors are not pulling their trigger after the much hype bakkt offerings up to this time? If yes what are there reasons? It is because they are afraid of manipulation?