Quote from: NeuroticFish on August 21, 2019, 06:53:31 PM

Quote from: gentlemand on August 21, 2019, 06:19:02 PM

Bakkt has been too drawn out for there to be much price effect. Most people don't understand what it is anyway. There've been plenty of similar scenarios in the past like the launch of LedgerX 2-3-4 years ago. Lots of people thought that was going to be world changing. Then nothing happened. There was no pump. There was no crash either.

I agree. Bakkt news seem to have rather random effect: sometimes the price rises (at least shortly) after Bakkt news, sometimes it falls and sometimes it doesn't react at all.
This actually means that we may just try to correlate market movements to something that doesn't cause them at all.

Somehow I start to believe that somebody tries to trigger certain expectations on Bitcoin price, unrealistically quick and unrealistically high. Maybe to trigger a FOMO, maybe to simply dump. I don't know...

Whatever is happening, be it FOMO or reality do happen because we see things different and people invest based on their perceptions of the market. As a trader there are some news that I will heard even if it is true or false I must have to take decisions either to buy or sell my holding and I do that not because I did not understand the news but how other traders and investors are going to react may change the directions of the trends. What matter is trying to predict what other are doing based on the prevailing news in the market and the major news we have now is bakkt!