Re: Bakkt has traded only 7 BTC so far

Quote from: partysaurus on October 06, 2019, 12:51:09 PM

Quote from: ChrisPop on October 06, 2019, 07:40:15 AM

Today's Bakkt volume is around 7X times what it was when this thread was posted. You can obviously notice that the investors interest/participation is gradually increasing. Of course that 46 BTC is only around $400,000 which is nothing compared to the Bitmex 1.5 billion USD daily volume. But it's good to see it increasing. Maybe institutional are still a little bit afraid or maybe waiting for something Roll Eyes

Anyway I'm very bullish on it even if daddy Bakkt hasn't shown his powers yet.

thats a good sign of whats to come.
maybe give bakkt 1 year to really see the impact it has on the market, crypto market is in such a rush all the time,everything has to happen so fast or its a failure.

I don't know, it still seems like a failure. Even if the interest will increase over time, it is not increasing remotely good enough to become a big thing. And I guess we can blame Bakkt for what's happened with Bitcoin's price. Maybe it's a good thing that Bakkt is failing, though. I really don't see how futures contracts can be good for Bitcoin. They are the very opposite of the free market. Futures mean that people agree about the buy/sell prices on a certain day in the future regardless of what the prices will actually be like. If people perceive Bitcoin through futures, they miss one of the most important things about Bitcoin.