Post
Topic
Board Bitcoin Discussion
Re: BAKKT launching tomorrow but BTC price falls?
by
The Pharmacist
on 22/09/2019, 18:42:04 UTC
As you know in crypto, the prices rises on the basis of the news and more often dump on the actual event day.
Yeah, events, rumors, and news are usually already priced in by the time they happen, but Bakkt is going to allow big-money traders to get into bitcoin--so I don't think that sort of thing can be priced in ahead of time.  What I'm not sure of either is how much Wall Street (and other deep pockets) are going to trade and how that's going to affect the price of bitcoin.  I don't know if bitcoin is actually going to change hands or if it's all going to be done through derivatives.

I did not realize tomorrow was the launch, since all the news about Bakkt I've heard has come from this forum, and I don't remember anyone mentioning a date.  Should be very interesting to see what happens.

Here's the graphical movement of bitcoin this past few days. Bitcoin was already going down but after many days, it will rise up again.
Meh, it's been flat for a while now.  There's been no movement with any momentum behind it, and the ups and downs we've seen are just normal market fluctuations.