if only you knew

[Anonymous No.14902167]

[Anonymous No.14902207]

>>14902167
this will make me rich. thank you bakkt.

[Anonymous No.14902240]

>>14902167
...how bakkt things really are

[Anonymous No.14902257]

>>14902167
the unknowns are: (a) do they already own all their coins (i would assume yes), (b) how much new inflows will happen and thus what positive pressure will be exerted.

[Anonymous No.14902315]

>>14902167

[Anonymous No.14902335]

>>14902315
this

[Anonymous No.14902352]

>>14902315
Paper trading ≠ physically settled
Fuck the CME, though

[Anonymous No.14902358]

>>14902352
> implying traders will only go long

[Anonymous No.14902359]

>>14902352
this. bakkt is bitcoin settled.

[Anonymous No.14902370]

>>14902358
Who implied that retard

[Anonymous No.14902378]

>>14902358
> implying traders will only go long
how do shorts cover in physically settled market?

[Anonymous No.14902381]

>>14902352
BTC goes up 300% right before new future trading platform open
gee I wonder where it's going next

not even mentioning tether and bitmex investigations

[Anonymous No.14902420]

>>14902370
If traders can either go short/long why would the price essentially go up just because it's physically backed?

[Anonymous No.14902424]

>>14902420
How do traders go short in physical market....?

[Anonymous No.14902432]

>>14902420
>Why would an institution like ICE bring in more traders?
This is you

[Anonymous No.14902435]

>>14902424
They borrow BTC from Bakkt to sell on the market and expect to buy at a lower price in the future

[Anonymous No.14902446]

>>14902435
>borrow BTC from Bakkt
Absolutely correct....now what happens to those BTC? Are transferred to buyer?
How does Bakkt now replenish their supply to make more loans?

its like feeding a baby bird....

[Anonymous No.14902455]

>>14902446
Bakkt already bought their BTC holdings from OTC market which was priced in

[Anonymous No.14902476]

>>14902455
>Bakkt already bought their BTC holdings
Yes, you are ignoring that once someone borrows / shorts those holdings are gone...

physically settled markets are naturally biased 'long' over the long-term...you are either buying to hold or buying to short...there is still positive pressure on price.

The confusion comes in becomes 99% of all modern markets settle in paper, thus removes the inherent positive pressure that physically settled markets have.

[Anonymous No.14902600]

>>14902476
so you are bearish over at reddit?

[Anonymous No.14902609]

>>14902600
i'm not on reddit...but why would you ask?

[Anonymous No.14902638]

>>14902609
your reddit spacing is showing

[Anonymous No.14902705]

>>14902638
Hmm, the jew cries out as he strikes you >>14902381

[Anonymous No.14902723]

>>14902705
can you slow down with the antisemitism?

[Anonymous No.14902746]

>>14902723
You have to go bakkt

[Anonymous No.14902747]

NEETs do not understand the Bakkt will launch futures? More manipulation in the market that will avoid another bitcoin bullrun

[Anonymous No.14902758]

NEETs do not understand that Bakkt will launch futures? More manipulation in the market that will avoid another bitcoin bullrun

[Anonymous No.14902777]

>>14902638
This meme is cringe.


Nobody called it reddit spacing till relatively recently. In times past nobody cared.

[Anonymous No.14902778]

>>14902758
bitcoin has a public ledger. how do you manipulate the market? it only works in precious metal markets because you can't observe transactions.

[Anonymous No.14902783]

>>14902420
cause limited float you retard

[Anonymous No.14902793]

>>14902778
Current market is already manipulated with Bitmex and CME.

[Anonymous No.14902811]

Imagine just for a moment that i am an enormous brainlet - i don't understand any of this and would it be possible for someone to break it down?

[Anonymous No.14902818]

>>14902793
all markets are manipulated you nigger. it's only a problem when people are trading something for nothing. bitmex is 100% physical bitcoin backed. CME is unknown, but it is verifiable on blockchain.

[Anonymous No.14902828]

>>14902818
You will see.

[Anonymous No.14902843]

>>14902778
>how do you manipulate the market?
are you fucking retarded ?
by selling or buying large amount of coins you can pretty much do whatever you want, especially in ill-liquid market like crypto, for god sake someone with 10k btc could wipe the bid side all the way to 3k market selling on coinbase

[Anonymous No.14902847]

>>14902778
let's say you trust me
we're gonna trade bitcoins between eachother, why would we put it in the ledger if we trust eachother, we'll just update it when we part ways?
this is how a financial platform works, exchange, futures, margin, etc

>>14902811
big dick global exchange operator ICE is dropping something to trade bitcoin futures contracts on
what does it mean for the price? it means sit the fuck down, grab some popcorn, and observe, since nobody knows.

[Anonymous No.14902852]

>>14902847
So basically bitmex but with much bigger money?

[Anonymous No.14902871]

>>14902852
It's ICE son, name bigger money

[Anonymous No.14902889]

>>14902871
The BOG standard

[Anonymous No.14903018]

So this launches tomorrow?

[Anonymous No.14903038]

>>14903018
TONIGHT

[Anonymous No.14903067]

>>14903038
STRAP IN

[Anonymous No.14903073]

>>14903067
BOYS

[Anonymous No.14903091]

>>14903038
TESTING starts tommorow brainlet, not the full launch.

[Anonymous No.14903159]

DELAYED

[Anonymous No.14903177]

>>14903159

[Anonymous No.14903457]

>>14902843
that's called free market faggot, everyone can sell or buy how much they want, keep crying you loser

[Anonymous No.14903866]

>>14903457
>called free market faggot
One of the great successes of modern education is its trains them to think "if a whale sells and numbers go down = market manipulation"
Its one of the reasons why genetically we need btc to succeed...we can forceably prevent them to setting foot into the citadels

[Anonymous No.14903896]

bakkt will push bitcoin over 500k usd

[Anonymous No.14903943]

>>14903896
> He think that Bakkt come to in crypto by the hodl meme.

[Anonymous No.14903948]

>>14902847
>we're gonna trade bitcoins between eachother, why would we put it in the ledger if we trust eachother, we'll just update it when we part ways?
but you still haven't explained why this would cause manipulation....if its physically settled the ledger will be updated once the buyer and seller part.

[Anonymous No.14903962]

>>14903896
> He think that Bakkt come to crypto by the hodl meme.

[Anonymous No.14903988]

>>14903962
So lets go thru this for the tenth time. how do manipulate in a physically settled market? I have a bushel of corn and you want to buy....how does this create manipulation when you get the corn?

[Anonymous No.14904316]

>>14903948
I would imagine "Physically settled" just means the number of bitcoins on your dashboard changes, not actual bitcoins going into your own address.

>https://medium.com/bakkt-blog/bitcoin-futures-custody-bakkts-differentiated-approach-59b88d6984b5
>5. For physical delivery and secure storage of bitcoin, an integrated custody service will be fulfilled by Bakkt’s qualified custodian, subject to regulatory approval. Safekeeping will be supported by insurance, cybersecurity, and comprehensive compliance, including an anti-money-laundering program and blockchain analytics.

[Anonymous No.14904429]

also dont forget ErisX. people will be able to trade bitcoin from their brokerage accounts. no need to send money to crypto exchanges anymore.

[Anonymous No.14904547]

>>14902378
a theoretical situation exists in which they would have to get real actual bitcoins in order to be able to do that