[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 64 KB, 1000x667, 2849120419924.jpg [View same] [iqdb] [saucenao] [google]
15514350 No.15514350 [Reply] [Original]

How will BAKKT effect the market?

>> No.15514360

>>15514350
BAKKT will DUMPT

>> No.15514369

>>15514360
dump to 4k

>> No.15514382

The market is going to collapse like you have never seen. 1600 eoy.

>> No.15514419
File: 68 KB, 997x1024, 1535038900169.jpg [View same] [iqdb] [saucenao] [google]
15514419

Baakt is the first institutional futures platform where Bitcoin has to have actual custodity. (They need to buy Bitcoin to short it)
Cboe and cme could short and buy made up Bitcoin with pure cash.

So it is going to pump the living shit out of everything and the volume will dwarf current exchanges , even the made up chink ones.

Then it is going to epically dump because that is what the market will be waiting for.

>> No.15514621

>>15514419
You are fucking delusional if you think this is going to pump bitcoin. The only thing people will be doing is shorting and selling. Bitcoin is dead.

>> No.15514762
File: 188 KB, 1567x1253, 1521012163760.png [View same] [iqdb] [saucenao] [google]
15514762

>>15514621
Yeah and you have read nothing about this platform , in order to get funding for shorts people will need to buy the Bitcoin as collateral on loan.
You need to do more than a 2 minute 30000 foot up overview of an entire futures market.
It might surprise you to learn that you have absolutely zero knowledge about any of these financial instruments and you make gut calls about your investments based on lagging indicators.

Also fuck you faggot , your low effort street diarrhea tier response reflects the rest of your life.

>> No.15514773

>>15514762
so how do you explain this $800 dump shortly after bakkt warehouse opened. They are planning triple or even double digits

>> No.15514808
File: 2.16 MB, 480x270, 1519909021901.gif [View same] [iqdb] [saucenao] [google]
15514808

>>15514773
Futures don't even launch for 2 more weeks. Our trading desks are getting a hard line into this shit for the first time ever.
I literally have a client list a mile long that has been asking about crypto for years now and I always had to deflect because we were not approved .
We pay spot for these and ice handles all the custody, it is fucking perfect. My fish get their certificates of authenticity and I get way fatter commissions on this shit than the blue chips.

You will never understand these markets and are just throwing darts at a board at this point .

>> No.15514815
File: 29 KB, 696x365, Is-the-Bitcoin-crash-repeating-itself.jpg [View same] [iqdb] [saucenao] [google]
15514815

It will dump

>> No.15514904

>>15514808
The only clients you have exist in your head. All the dumb money thinks that bakkt is going to pump the market to the moon, they are so wrong they are going to lose everything. Institutions hate crypto and bakkt is going to be their tool to destroy it. You have been warned, but I am sure you are too stupid to heed it.

>> No.15514912

>>15514350
Dumping right into the breakdown of a 3 month descending triangle pattern. 2019 newfags really thought (((they))) were going to pump their bags, eh?

>> No.15514916

Bakkt already accumulated through 2018. There is no way they will need more coins.

>> No.15514928

>>15514350
>effect

>> No.15514943
File: 129 KB, 800x1024, 7242C04E-EB2F-462C-A1DA-38628479DBF8.jpg [View same] [iqdb] [saucenao] [google]
15514943

I tink that bakkt will make a real big poo poo pee pee for the market

>> No.15514958

>hey everybody bakkt is coming to bitcoin and pumping it, so we can all be rich but not them!
if you're not stupid you should sell your bags now

>> No.15514977

Final dump.

>> No.15515078

>>15514977
This is the beginning of the dumb. The bear market rally is over. I will enjoy your tears at 1k.

>> No.15515101

>>15514904
My shop also has ice access and we also are planning on selling Bitcoin. Doesn't matter what direction it moves for me, my lead list is not for people looking to short though.

>> No.15515105

>>15514350
Its shit

>> No.15515152
File: 13 KB, 324x291, 1567630234072.jpg [View same] [iqdb] [saucenao] [google]
15515152

>>15514762
this

>> No.15515196

literally everyone in this thread thinks its gonna dump, since biz is full of brainlets it means its gonna pump

>> No.15515213

>>15515101
You are not very good at the larping game. Just because you are some cumstain bulltard that convinced yourself of your delusions does it make them true, or even likely.

>> No.15515252

SOOOOOOOO many BRAINLETS in this thread.

It is not rocket science. The halvening is still months away. They will pump this shit to the moon before an epic dump sometime after halvening. Anyone who thinks bitcoin will dump here after Baakt and.because of Baakt please just EXIT crypto to go back to wage slaving. Baakt been accumulating in 2018...time to send it to the moon retards.

>> No.15515789

>>15515252
The only retards are the moon babies who think this is going to go anywhere but down. Bakkt is basically the worst think that could happen to bitcoin right now.

>> No.15515824
File: 41 KB, 396x382, 1546859315554.jpg [View same] [iqdb] [saucenao] [google]
15515824

>>15515789
>moon babies
You also must be so confident in your prediction if 50% of the posts in this thread are yours.

>> No.15515843

>>15514621
>Bitcoin is dead.

It is 10k, retard.

https://99bitcoins.com/bitcoin-obituaries/

>> No.15515848

>>15514621
this retard clearly lost everything and is suffering from a throbbing cornhole

>> No.15515959

>>15514621
unlike CME which is cash settled, bakkt is bitcoin settled you twat

>> No.15516244

Based on all the comments here who say it will dump, I think it will pump. The majority in crypto is wrong almost everytime. They will need to buy bitcoin which will affect the price heavily. And then when all retards fomo they get rekkt once again.

>> No.15516284
File: 128 KB, 831x639, 1488662495471.jpg [View same] [iqdb] [saucenao] [google]
15516284

>>15514762
>>15514808

This anon is the real deal. Pay attention to his posts.

>> No.15516339

>>15515196
This

>> No.15516475

>>15514419
>>15514762
>>15514808

This wagecuck thinks he will make it on commusions. He think he special.

You are nothing more then a seller. The lowest of the low.

Just kys

>> No.15517227

>>15514350
>new exchange
it won't

>> No.15517248

>>15515078
yes, the beginning of the dumb
and by dumb it means you, bsvishnu

>> No.15517260

The fact biz bears think they are smart by using terms like moonbois is hillarious. Bitcoin aboit to go on a huge run...halvening is getting closer and closer. Zoom out on bitcoins chart brainlets.

>> No.15517280

It'll crab

>> No.15517295
File: 84 KB, 450x254, rippledor.png [View same] [iqdb] [saucenao] [google]
15517295

bakkt will give crypto more legitimacy for boomers, exposing them to "bluechip" altcoins. ie. LTC, XRP, ETH

Expect an altcoin run then massacre around feb 2020

>> No.15517317

>>15514350
It won't. It's priced in for nearly a year already.

>> No.15517403

>>15515252
Reminds me of CME futures
Every one was calling futures launch would bring Bitcoin from 20k to 100k

>> No.15517495
File: 29 KB, 1072x514, top.png [View same] [iqdb] [saucenao] [google]
15517495

>>15514419
>>15514762
>>15514808
KEK that fucking brainlet thinking the Wall Street guys would buy the top.
They'll not put a single cent on it now. Not until it dumps below 3k. And it'll certainly happen. There are too many delusional holders expecting a massive pump thanks to BAKKT money, and when they start realizing it'll not happen, they'll start to sell. The price will fall below 5k, other bagholders will start to panic sell, and we'll see sub 3k again. That's when we'll see the Wall Street money coming into the game. They'll buy low from the desperate brainlets who will sell low.

>> No.15517784
File: 1.88 MB, 300x296, 1540406484800.gif [View same] [iqdb] [saucenao] [google]
15517784

>>15515213
Your boomer dad is gonna beg me to buy 6 figures of Bitcoin.
I cannot wait to lose your inheritance on this shit while making 15%.
The commissions on these futures is insane.

>> No.15518199

>>15517784
I will be the one buying your bags at 1600 you fagtard.

>> No.15518284

/biz/ isn't smart and has never been collectively right about anything so that seals it for me that it won't dump.

>> No.15518376

>>15517495
"We" aren't buying shit . My clients are buying it.
You understand so little about working a trading desk that you think we take positions on shit before having a buyer lined up?
It is not the 80s Gorden Gecko , trades are instant now and there are no middle men between me and ICE.

>> No.15518639

>>15518376
How high are we going?

>> No.15518670

>>15518376
This, plus people here don’t seem to realize the top 1% of btc holders have 50% of the bitcoins. That leaves 11.5 million for over 7 billion people and most people with money are too afraid to buy without a financial advisor letting them

>> No.15518684

>>15514621
Bitcoin is the only thing with a trajectory of having a future whereas everything else is either living in its shadow or barely getting by lmao

>> No.15518853

>>15518376
>MUH I understand better than you
>MUH my clients
KEK
You're a fucking LARPer
Get the fuck out of here, "your clients" will never buy the top.

>> No.15518864

>they think baakt will pump it