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This trading makes a lot of sense. They have yet to make the warrants exercisable. I think next week they will....in which the price of the stock will likely drop. So, including some people dont want to hold over the weekend, it makes perfect sense to sell the news.
Also, they arent forward facing.... they have an app that interacts with users. So I challenge your assumption of it's a "back-end company". If they were backend, there would be no need for an app. This is more like Robinhood, Coinbase, and paypal but with less crypto offerings and the inability to trade stocks with it (referring to robinhoods ability to trade stocks and crypto).
Doesnt Coinbase have a Visa debit card...crypto.com... Visa debit card....paypal... visa debit card... robinhood Mastercard debit card..
If you think they are the only ones with backend capabilities...you're wrong. I stand by the statement that just having bitcoin and now ethereum to trade/exchange...isnt competitive.
I also stand by my thoughts on this stock dropping near term till they can be a real contender...
And comparing them to the NYSE is a mistake...1. If you are going to say it works like an exchange...other companies do that for crypto already with a larger variety of crypto. The logic here is you believing that somehow BAKKT will be a major player with 2 crypto to offer. Not exactly the best selling point.
I will say, browsing the app...the only thing I like that differentiates is the reward system....
To me...they arent providing them yet...I believe there is a lot of potential here...but as I said....I believe short term there is downside into December.
I mean actual users...like you and me..
Not deals with companies.
Maybe I'll feel like putting more in when they actually show revs...or a contract....or deliveries.
It's worth throwing a bit of money at....but definitely not holding 1M shares worth of risk...at least for me...50k shares is worth it.
Looks about to RIP up
For me, $1000 to see what happens is a good bet
The fact that the warrants are still $10 off of the stock price only indicates that the warrants are not yet exercisable...the stock will go down accordingly.
I'm about making profits...I made some. Long term I see this as a good stock. Maybe in a year. Short term...end of year...i see it dropping...until i see something different from the company i wont put more money in...just keeping house money in.
Sure....which will help them in the future if they can only get advertising, users. But, they are so far behind others in terms of user acquisition. This could be in part because they only offer BTC. I almost scoffed and deleted the app.
It would be awesome news....if that wasnt the standard. They are so far behind Coinbase, robinhood, binance, paypal, venmo, basically everyone in the crypto exchange space
Can you really only buy Bitcoin on BKKT?!?!? Its so behind its competitors.
Personally...I wish this company well...it could be positioned to be one of the best mining plays...but without the transparency...I think itll go back to $0.20 before the end of the year...hope I'm wrong...but I'm not buying more till I see more from the company.
Feels highly intertwined with congress passing the infrastructure bill
Is there ever going to be an update....are they ever going Nasdaq? If not, this will flounder
Probably not as they've been silent
This will likely shoot up
If only that ended with a $10 price tag
Keeps bouncing....hopefully a breakout soon
This will now move more in line with BTC for now
Big disconnect between warrants and the stock.
Only way this goes up...is if they make good on their word about making a BTC fund
Nice!! Congrats!!
I'm lucky I bought some warrants at 1.6 this morning...
That deserves a follow
What's ant?
This will reach Coinbase one day
0....they said they'll start a fund in march....never did
People trying to connect dots that arent there....saying that they will create a TRUMP NFT....are wishing upon a star..trying to pump..
This is the next GME type play
This is the next GME
Imagine if electric cars have unlimited charging
This will hit Mara amd Riot
Nah....that's not the reason...just look up the company...you'll see why. Its recent news
That would be interesting
Looks like it
Could be a big pharma one day
10k shares...let's see what happens