How will the bakkt influence the price of Bitcoin

in #blockchain • 6 years ago

The price of bitcoin fell almost 500 dollars in one days. It needs ten days for bitcoin to rise 500 dollars but it only needs one day to fall. At this time, the price is about 3600 dollar.

The bakkt is coming, but the price is not rise to a higher place as we expected. I think two situations may happen: 1. The bakkt can not be pass. 2. There are not enough people want to play Bitcoin in bakkt just at this period of time.

Here I would like to say one thing: do not buy or sell cryptocurrency according to the news. The news is released on purpose to buy low and sell high. Image if good news can make the price rise, why did EOS fall a lot when its main net launches at June.

I know bakkt is not only good news, but it can make the market demand for bitcoin rise, but the demand really rises when bakkt is passed and more and more people come to trade, the demand cannot rise just because the message. It is still on time to buy bitcoin at that time.

In this condition, I think it is better to sell part bitcoin. If all your assets are bitcoin, the price falls, the loss will be big. If the bakkt makes bitcoin rise, it is not late to buy at that time. You can not make all the money, but you can lose all your money.
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#cryptocurrency #bitcoin #bakket #investment
6 years ago in #blockchain by
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