BAKKT The Pump To November

[BitHodler]

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?

Didn't we have a sell the Bakkt launch event? Even if the dump we witnessed wasn't related to Bakkt, the market has turned bearish a month or so before. It automatically translates into less demand.

Bitcoin and the broader crypto market only appeals to retail money when the prices go goes up. If the prices move sideways, or go down, money is more likely to be withdrawn from this market. It's largely fomo driven.

Look at the issuance of new stablecoins.... it has stagnated, which perfectly seems to confirm how retailers treat this market. Imagine what would happen when crypto stagnated for a full 12-24 month period. It will lose its shine.

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[Baofeng]

^^ 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?

It didn't happened because crypto investors are unwilling up to this time. Although there are some trading volumes going on as per report, it doesn't mean that we will suddenly see a drastic change, everything here is volatile.

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?

We really don't know what's the reasoning behind, we are still speculating that institutional money has been flowing in the ecosystem for many years now prior to the Bakkt launch, so there could be manipulation behind as you have pointed out, but I think they are not that confident though with regards to the market conditions. It does look like bearish to me.

[Murat]

Who knows what will happen in November, I don't think like this, I think Bakkt has to go a long way to bring any impact on this platform, I think Bakkt has some very useful features and vision towards Bitcoin and its market but you need to prove first then you could get a chance to do anything, It's not too easy to make an impact on the price of Bitcoin, So far I know Bakkt has not done anything yet, But this Bakkt is doing with various platform for more promotional and acceptance of Bitcoin, I think it will take time to do implement anything regarding this issue. but don't expect too much from this platform at an early age. it may bring negative aspects also.

[gabbie2010]

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.

This news about BAKKT launching was hyped last year too before it was eventually postponed the same same scenario is playing out again when all sorts of media hype about it launching is taking over the crypto world I wouldn't be surprised if its postponed again the dust raised by it upcoming launching would settle down quickly bitcoin hodlers are primarily consigned with how its price gonna pump and nothing else.

[Jating]

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.

This news about BAKKT launching was hyped last year too before it was eventually postponed the same same scenario is playing out again when all sorts of media hype about it launching is taking over the crypto world I wouldn't be surprised if its postponed again the dust raised by it upcoming launching would settle down quickly bitcoin hodlers are primarily consigned with how its price gonna pump and nothing else.

There are no more hype about bakkt, media already forgot about it and crypto traders has moved since since the opening of their offering. Which means that nothing big is going to happen next month. If bitcoin did make a run next month, I don't think it is because of bakkt, there could be other significant news that will come along the way that will influence the price next month. I thought that it can boost the price, sadly, that's not what we've seen.

There is no volume up to now or at least that's not what everyone is expecting., and investors are no longer interested with it.

[BitHodler]

There is no volume up to now or at least that's not what everyone is expecting., and investors are no longer interested with it.

No one should be interested in it anymore as there has not been any growth at all during the days that they were fully operational.... isn't that the definition of a flop? Why not just call it a failure instead of hoping that it will pick up later?

Bakkt for today has generated 6 whole Bitcoins in volume, and that after the decent price action we had yesterday.... one would expect that it motivates traders to speculate for or against it, but nope, Bakkt is still doing absolutely nothing.

[Reid]

Ain't this the same to what happened with Waves.
Too much hyped and then a sudden fall.
It is not bad to be excited with something like this specially with decentralized tokens but bad things could happen in the long run.
I would rather make profits with this than stay and be invested for a long time.
Sooner or later they will be back with Bitcoin, Ethereum and stable coins. 

[Finestream]

I am not sure we will see some pump that time, everyone can make an speculation about Bakkt but when the moment it was launch, we never saw some pump which prior to the launch, there are some hype about the launch. This market now is getting more unpredictable, if any good things will happen then good but what the current situation presents us is the opportunity to buy at a very cheap price as whether its because or bakkt or something, bitcoin will soon pump whether this year or next year.

[atjiat]

Very often, the media said that the launch of Bitcoin futures trading will improve the situation in the cryptocurrency market and the price of Bitcoin will definitely go up.  But now I suspect and perhaps understand that this news was most likely a manipulation, because when Bakkt was launched, Bitcoin prices fell sharply.  Perhaps this was another trap for those who would like to invest before the bull run.  And this was done in order to try to capitalize on price fluctuations thanks to information in the news.

[pamsugas]

I don't think Bakkt's presence has any effect on Bitcoin at all. see we will not be launched even if nothing happens, even the trade volume of bakkt is very small, even though before a lot of media said that when bakkt was launched bitcoin would go up high.

[maydna]

I don't think Bakkt's presence has any effect on Bitcoin at all. see we will not be launched even if nothing happens, even the trade volume of bakkt is very small, even though before a lot of media said that when bakkt was launched bitcoin would go up high.

We don't know yet, and everything can happen in the crypto. And if bakkt can give more reaction to people, then I think bitcoin will have a chance to go up high. With the situation now, bitcoin still waiting for a good moment to increase, and even though the price is up and down every day, we will see bitcoin price will break the highest price. We have at least 8 days to go to the next month, and who knows, at the end of this month, bitcoin can slowly increase and break every high price. And in November, the price can have a real increase, and that will trigger the bull market to comes.

[nelson4lov]

I don't think Bakkt's presence has any effect on Bitcoin at all. see we will not be launched even if nothing happens, even the trade volume of bakkt is very small, even though before a lot of media said that when bakkt was launched bitcoin would go up high.

Bakkt is relevant. What happened was that people exaggerated their launch and overhyped it. Often times, When things are overhyped, They don't always live up to these hypes. But one thing I know for sure is that Bakkt would have its time and that it would be one of the big players for Bitcoin in the near future. Don't forget Bakkt was initially delayed. Many people got disappointed and I think that contributed to its first impressions. I'm keeping an eye on it. Great things ahead!

[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

I don't know if this will help to boost the price value of bitcoin, if after the pump this November suddenly
change the price in the market, it means BAKKT is one of the reason for bitcoin price, but if not it means BAKKT
is useless to make bitcoin boost its price.

[Fredomago]

I don't think Bakkt's presence has any effect on Bitcoin at all. see we will not be launched even if nothing happens, even the trade volume of bakkt is very small, even though before a lot of media said that when bakkt was launched bitcoin would go up high.

Bakkt is relevant. What happened was that people exaggerated their launch and overhyped it. Often times, When things are overhyped, They don't always live up to these hypes. But one thing I know for sure is that Bakkt would have its time and that it would be one of the big players for Bitcoin in the near future. Don't forget Bakkt was initially delayed. Many people got disappointed and I think that contributed to its first impressions. I'm keeping an eye on it. Great things ahead!

The hypes are everywhere and expectations come from the whole market is very high, since we do understand that whales are everywhere, this BAKKT thing attract many investors which is the perfect timing for whales to play with, chances that it will take some time before we will see the actual impact of BAKKT inside the market as whales still working on it for the best of their interest but who knows what would be the real impact of BAKKT after some months of existence. 

[glendall]

With current market conditions positive news about BAKKT is indeed quite interesting to the attention of many people, many of whom assume the fate of bitcoin depends on this BAKKT,
but I don't care about BAKKT, however the price of Bitcoin is determined by the chart, and I believe BAKKT is not the only reason for Bitcoin to be bullish.

[bassbity]

With current market conditions positive news about BAKKT is indeed quite interesting to the attention of many people, many of whom assume the fate of bitcoin depends on this BAKKT,
but I don't care about BAKKT, however the price of Bitcoin is determined by the chart, and I believe BAKKT is not the only reason for Bitcoin to be bullish.

True BAKKT will not affect the price of bitcoin, BAKKT is only an exchange that is full of controversy so the price of bitcoin will still follow the trend prices and market conditions, I predict bitcoin will rise in the next 4 weeks without the influence of BAKKT.

[GreenStox]

I think you are one of the people who want to make the price of bitcoin go up by spreading information like this, hopefully the information you provide is really valid because right now I'm preparing the bitcoin that I have for me to sell and making a withdrawal when the price goes up.