Bitcoin future launched :

[bitman007]

As we must know that long-awaited Bakkt Bitcoin futures contracts has been positively launched , however, has not reacted and has dropped back below $10,000 price mark again this morning.

Do you guyes think  Bakkt will  boost bitcoin prices in the long term? Will you trade on it ? 

[DERCRAFT]

The price of Bitcoin is unlikely to rise to 40 thousand dollars by the end of 2019. This conclusion was reached by investor Trace Meyer. Judging by the behavior of the asset over the past few months, its value will reach a historical maximum by December. Fans of crypto protection can expect a price increase of up to 21 thousand dollars, while in such a short time Bitcoin is unlikely to reach high heights. Today, cryptocurrency is trading at $ 10,876. Over the past day, its value increased by 1.7 percent. Recall, the previously well-known trader Peter Brandt said that in this bullish cycle, bitcoin could grow to 100 thousand dollars in the foreseeable future.
Tuzemun borders on Meyer's forecast based on the metric of the same name - the Meyer multiplier. This indicator is calculated by dividing the current market price of Bitcoin by the moving average value of 200 SMA on a one-day chart scale. Now the multiplier is 2.09, which can be interpreted as a low probability of an asset growing too fast.
Recall that earlier the co-founder of the Gemini exchange Tyler Winklevoss said that after overcoming the level of 10 thousand dollars, bitcoin without problems will grow to 15 thousand dollars. Please note that this level is the nearest important mark for bears. This is where a new deep Bitcoin correction may begin. The Meyer factor suggests that the bulk of the BTC price movement on this bullran will happen next year. Exactly one year later, cryptocurrency will reach 30 thousand dollars. This year has become very significant. After the high-tech growth of bitcoins in 2017 and a rapid fall in 2018, 2019 showed that the first cryptocurrency is able to survive such a “swing” and recover like a phoenix from the ashes. The industry is entering a new round of its development: this is not the same insincere toy that can be obtained on the processor of your home PC. Bitcoin is the real product that is being used. Yes, mainly in the black market, but this is only the beginning. Giants have entered the game, and around the cryptocurrency infrastructure, exchanges and various services are growing, like mushrooms after the rain. At the same time, do not forget that to create any service you need money, not small ones. For example, how much does it cost to create Twins or Coinbase? Millions of dollars. And people who have money are ready to invest these millions in cryptocurrency related services. Even after the fall of 2018. Bitmain goes IPO, Facebook launches its cryptocurrency, the US State Department and other countries consider cryptocurrency as a new tool in the securities market. Does that sound like death? I doubt. Rather, cryptocurrencies are entering a new stage: big uncles are interested in them, and now they will create real work products. Will there be growth? I hope not. 20 thousand dollars by the end of the year is the maximum that I would like to see with a successful news background. It should be understood that the same ban on cryptocurrencies in India or another country can bring down the course in a matter of days. Better a good apartment with clogging with new services than a sharp increase, which will necessarily lead to a sale. Marks such as 10, 15 and 20 thousand dollars are triggers for the sale, it will be very difficult to overcome them. People did not receive bitcoin evenly: those who had previously learned about this and could mine on a home processor now have huge reserves of coins. These people will go to these levels because they have enough money for the rest of their lives. The industry will have to accept these kickbacks and move on - and this already causes global interest in cryptocurrencies. I hope that huge companies like Facebook provide cryptocurrency information to billions of people. And in a good way.

[schturman]

On 9/23/2019 at 11:36 AM, bitman007 said:

As we must know that long-awaited Bakkt Bitcoin futures contracts has been positively launched , however, has not reacted and has dropped back below $10,000 price mark again this morning.

Do you guyes think  Bakkt will  boost bitcoin prices in the long term? Will you trade on it ? 

Exactly the day after the launch of bitcoin futures on the Bakkt exchange, Bitcoin went to the third most tragic dump this year, down 20% in a couple of days. Everyone believed that the news with the launch of bitcoin futures would be positive for the first currency, but it turned out exactly the opposite. I already doubt that this news will raise the cost of bitcoin in the future. There is a purely speculative game on the cryptocurrency market, but the New Year rally is not canceled.