Quote from: The Pharmacist on October 03, 2019, 01:45:55 PM

Quote from: pereira4 on October 02, 2019, 05:41:14 PM

1) General public has been demolished and demoralized. Everyone that is still hasn't realized altcoins are dead are about to.

Altcoins aren't dead, just taking a break like they've done many times in the past. If you think they're dead, you're missing a buying opportunity IMO.

Quote from: pereira4 on October 02, 2019, 05:41:14 PM

4) OTC options like Bakkt are ready for boomers and computer illiterates which want exposure to Bitcoin but have no resources to keep their own

Bakkt is for the big-money players if I'm not mistaken, not for the populations you described. I'm fairly computer illiterate but you don't need an extensive technical understanding to own bitcoin, just like you can drive a car without being a mechanic. In fact, this 4th point you brought up perplexes me a bit. A trader who doesn't have "resources to keep their own" bitcoin probably won't be using Bakkt at all.

Quote from: pereira4 on October 02, 2019, 05:41:14 PM

How much are you buying monthly?

Monthly? Not much. I'm more than happy to be just a bystander, watching the market swings without having a lot of bitcoin. But nor am I selling.

I do agree with the title of the thread, but I figured the re-accumulation phase was in effect when bitcoin was at or above $10k, so who knows.

You can participate in Maddof schemes for a number of times until you get burnt. This is the equivalent of "im buying the dip because altcoins are low, and altcoins always come back". Eventually, altcoins will not be comming back, and the tide will finally shift towards natural state of things (total BTC domination), then altcoin bagholders will have their last cry on reddit about how they became scammed by this and that token.

As far as Bakkt goes, noobs expected a massive instapump, and they got dumped on the news. Bakkt is about planning ahead, getting the infrastructure ready for when the moment comes. And when it comes to securing Bitcoin, you would be surprised how dumb and inexpert people in Wall Street are when it comes to computers, and im taking TOP money managers in elite trust funds. They don't have any idea in how to do the whole package of things that come with securing Bitcoin. It's an entirely different skill than being great with money.

The way I see it is that Bakkt is for money managers/brookers, to get clients and manage portfolios and put BTC exposure throught it. They can make a call and get everything done for them through Bakkt, they dont even need to do it themselves. It's part of the service.