/biz/ - Business & Finance

>>15724346
There’s no volume wtf

>>15724346
>iNsTiTuTiOnAL MoNeY

what the fuck is bakkt? cant you just buy bitcoins from coinbase?

Lmao the big boi bankers don't know how to trade it because it's not something they're used to having 100% control over and so they're not sure how to manipulate it to the same extent as their precious fiat

>>15724346
literal who

Institutional money they said.
Accept it. You burnt the normans in 2017. There's no greater fool left to buy your bags.

IT'S OCTOBER ALREADY?

I don't understand who this is for or why it cost $700 Million to make. If it's strictly institutions then shouldn't they have been on boarding them before launching?

>>15724346
Reminder that this is 2 years of hype + gathering potential institutional investors.

>We have a lot of interested buyers waiting in line
>Wall Street will use Bakkt instead of OTC/Coinbase, because it is easier for them
>Excited for the launch
...they said

>>15724416
Welcome to crypto, newfag

So can someone explain to me what is different about bakkt that is supposed to bring normies and institutional money in?

>>15724455
Salty too much? I'm here since the gox days you little twink.

>>15724461
settled in bitcoin. so basically you have to have bitcoin to buy the contracts.. so in theory bitcoin would up.

only problem is that institutions are only interested in creating profit in REAL money, not funny munny.

>>15724346
no, there are news articles claiming the low volumn of such a highly anticipated service was what helped crash bitcoin early this week. not only is bakkt such a shit product that its been almost unused its first week open but it almost destroyed the crypto market as a whole. unironically the ET video game of the crypto world:
https://en.wikipedia.org/wiki/E.T._the_Extra-Terrestrial_(video_game)
"The final release was critically panned, with nearly every aspect of the game facing heavy criticism. E.T. is often cited as one of the worst video games of all time and one of the biggest commercial failures in video game history. It is cited as a major contributing factor to the video game industry crash of 1983, and has been frequently referenced and mocked in popular culture as a cautionary tale about the dangers of rushed game development and studio interference."

>>15724402
They could ask the current crypto exchanges for tips. They appear pretty fucking adept at manipulation to me

>they dont even know the CEO of Bakkt is a woman

not even the juice who set this scam up take it serious or want it to succeed.

>>15724579
Reminds me of another hyped up project with virtually no adoption.

>bakkt will be bullish they said

>>15724625
nono, they meant bullshit, not bullish

>>15724395
Lol. Very true. I wouldnt even buy a chewing gum from a place with such a weird name. Bakkt ? Lol wtf

>>15724718
sounds like a shitty pajeet scam company

Bakkt that ass up

>>15724579
>>15724614
Don’t forget pic related

>>15724482
>only problem is that institutions are only interested in creating profit in REAL money
Define institutions

>>15724951
>Define institutions
I would like to know that. Can anyone give me one fucking example of wtf an institution entering crypto is?

>>15724346
Redpill: Institutional investors were already loaded.

>>15725057
Mental institutions

Institutions are not interested in shitcoins like BTC.