I've purchased something I need but there's no need to sell a portion of my bitcoin holdings. That's the one mistake other Bitcoin holder's make, they put all their money in Bitcoin hoping they could earn money everyday to sustain their daily needs, which for me is not a very good kind of plan.
It's always better to find another source of income, for your holding to remain in your wallet for the next bull run, and not selling it little by little just to survive in everyday lives. It's better to hold it for the long run, and not just short investment.
Topic: Black Friday deals and your plan to hold bitcoins. - page 2. (Read 452 times)
Well, if you have a separate budget for every purchase/investment forms then you shouldn't have a problem with buying yourself something on a great discount - that's how I organize my finances. If you don't, then you have to be at least disciplined not to go overboard with spending money you could've used to invest (of course, spending Bitcoin directly is not wanted at all).
It all depends on how organized are you personally, it will reflect on the investments you make.
As for Black Friday, I've seen some good deals and I have made some purchases but only on stuff I already intended buying and I knew the price before so I made sure it's really a discount and not a marketing trick.
You can genuinely find some good discounts but there are also many fake discounts you should watch out for. My strategy is following the price of my wishlist items so I know if a discount is real.
It all depends on how organized are you personally, it will reflect on the investments you make.
As for Black Friday, I've seen some good deals and I have made some purchases but only on stuff I already intended buying and I knew the price before so I made sure it's really a discount and not a marketing trick.
You can genuinely find some good discounts but there are also many fake discounts you should watch out for. My strategy is following the price of my wishlist items so I know if a discount is real.
The black Friday Market of Jumia has always been a good market that have help people to afford the the things in a cheaper amount but people don't need to be carried away because of the low price of things and buy what they do not really want. It is very common when people go to a market where things are cheap they would want to buy things that are not really important to them just because the things are very cheap. I will advice people not to be carried away with the market of jumia and spend money on things which it can be invested to bring more money.
Although Black Friday is commonly associated with sellers offering huge discounts to customers, is this really true?
Black Friday is an excellent time to buy only what you need, not what you want. The event's psychology is to give consumers greater purchasing power and encourage unnecessary spending.
For example, a lot of individuals or bitcoin holders may sell significant amounts of their cryptocurrency during this time because they wish to purchase items that will affect their investments. Black Friday deals can affect your plan to hold bitcoins, and as an investor, you have to be careful and be disciplined enough to control yourself.
Have you purchased any item during this time?, was it a need or a want?
Did you have to use some or a significant amount of your bitcoins?
During black Friday I don't see any serious discount given we are just been manipulated not more than that and it is a business strategy that they use to get more consumers, marketers are smart and they have just doing all this for more sales since Christmas is already around the corner, and people holding for a long term should not start touching their holdings just because of black Friday and some of the serious holders won't touch no matter what the event will be, and they have jobs of business so their is money in their account, so things like this, and certainly they would have made a plan for Christmas because you holding and you don't have funds then the holder is just wasting is time holding. and investors need to be careful because there are a lot of beautiful stocks that you will want to spend your money on so this period it will be good to embrace wisdom. I purchased an item not even any platform involved in black Friday because I know it is all deceit I go to the market to get my kind of stuff. Black Friday is an excellent time to buy only what you need, not what you want. The event's psychology is to give consumers greater purchasing power and encourage unnecessary spending.
For example, a lot of individuals or bitcoin holders may sell significant amounts of their cryptocurrency during this time because they wish to purchase items that will affect their investments. Black Friday deals can affect your plan to hold bitcoins, and as an investor, you have to be careful and be disciplined enough to control yourself.
Have you purchased any item during this time?, was it a need or a want?
Did you have to use some or a significant amount of your bitcoins?
Have you purchased any item during this time?, was it a need or a want?
Did you have to use some or a significant amount of your bitcoins?
Absolutely, I've been there too! I once bought stuff that I haven't even used till now. It was like throwing money away, falling for those tempting shopping deals. Some useless things I got on discount are proof that I easily get lured by sales without really knowing what I actually need.Did you have to use some or a significant amount of your bitcoins?
But, I've been trying to change this habit slowly. I've stopped paying too much attention to discounts. Now, when I need something, I usually make a wishlist first and buy it when the discount period comes around. This way, it's more effective because I don't get distracted by other things outside my wishlist.
Then, do I use my Bitcoin for spending? Nope. I never touch my Bitcoin for everyday purchases. I keep it as BTC savings to resist the urge to spend it. It's quite different from when I save in fiat... that's way too easy to spend because I always underestimate the value of my savings.
Black friday sales are usually only awesome in countries like the US and Canada. Personally, I am a big fan of black friday and cyber monday which is why I save up and buy whatever I require during these days.
Purchased a Quest 3 this year during the BF-CM week using some of my crypto though I didn't really get a discount since it launched very recently, but I did get a free game and Quest+.
Purchased a Quest 3 this year during the BF-CM week using some of my crypto though I didn't really get a discount since it launched very recently, but I did get a free game and Quest+.
Although Black Friday is commonly associated with sellers offering huge discounts to customers, is this really true?
Black Friday is an excellent time to buy only what you need, not what you want. The event's psychology is to give consumers greater purchasing power and encourage unnecessary spending.
From a seller's perspective, this is an opportunity to increase sales quickly, and usually Q4 consumption statistics reach a number many times larger than the whole year's journey.Black Friday is an excellent time to buy only what you need, not what you want. The event's psychology is to give consumers greater purchasing power and encourage unnecessary spending.
I'm not sure about everyone's shopping behavior, but for me, even if it's not Black Friday, I will still buy what I need. And I honestly don't need anything new right now so I'm just watching people buy everything.
For example, a lot of individuals or bitcoin holders may sell significant amounts of their cryptocurrency during this time because they wish to purchase items that will affect their investments. Black Friday deals can affect your plan to hold bitcoins, and as an investor, you have to be careful and be disciplined enough to control yourself.
I've only heard a lot about plans to hold and accumulate more when prices drop, but I'm not too worried about price manipulation in this market. And this is an investment market, not a consumption market, so don't get too caught up in things that everyone labels themselves as discounted.
This thread is another of several around the forum that is based on a false premise which has already been dismantled:
Most people are not going to rush to liquidate their bitcoins because they already have a bank account balance which they can use to take advantage of Black Friday deals and buy stuff.
Within the total percentage of holders I do not deny that some may do this, but they will be a minority who do not act very intelligently with their investments, to say the least.
For example, a lot of individuals or bitcoin holders may sell significant amounts of their cryptocurrency during this time because they wish to purchase items that will affect their investments. Black Friday deals can affect your plan to hold bitcoins, and as an investor, you have to be careful and be disciplined enough to control yourself.
Most people are not going to rush to liquidate their bitcoins because they already have a bank account balance which they can use to take advantage of Black Friday deals and buy stuff.
It is very unlikely that this would be the case.
Within the total percentage of holders I do not deny that some may do this, but they will be a minority who do not act very intelligently with their investments, to say the least.
I spent other monies to get stuff , I actually spent under 100 for black friday and cybermonday combined.
I purchased a silver 1 oz btc coin using my credit card.
I purchased a silver 1 oz btc coin using my credit card.
Black Friday is a good time to buy what you need, even what you want. But it isn't a good time to just buy whatever it is that is on sale. Many of us have needs and wants that we put off buying because we want to buy them at a much cheaper price. Black Friday may be that buying day as most goods are offered on discounted prices.
Trezor is offering up to 40% off of their products. Ledger is giving away gift cards which contain up to $50 of Bitcoin. These are stuff that you either need or want. And Black Friday is a good time to buy them. But, again, it isn't a good time to just browse what's on sale and shop. That's impulsive shopping. And with big discounts, you might end up buying a lot of useless stuff.
Me, I haven't joined this Black Friday sale.
Trezor is offering up to 40% off of their products. Ledger is giving away gift cards which contain up to $50 of Bitcoin. These are stuff that you either need or want. And Black Friday is a good time to buy them. But, again, it isn't a good time to just browse what's on sale and shop. That's impulsive shopping. And with big discounts, you might end up buying a lot of useless stuff.
Me, I haven't joined this Black Friday sale.
Have you purchased any item during this time?, was it a need or a want?
Did you have to use some or a significant amount of your bitcoins?
I only focus on how much i have in wallet and also how much is the value of the coin I am investing.
Bitcoin is one of the most of my purchase in crypto and this is why I am investing with better choice and never as an option .
Although Black Friday is commonly associated with sellers offering huge discounts to customers, is this really true?
This is a popular notion that have been promoted by vendors and merchants to a point that, it’s been accepted to be relatively true. With regards to inflation, I can’t in all wholesomeness agree with this notion as, these guys might just take that for a time to sell at a previous profit oriented price rather than make actual deductions on products.It’s also a time to offload only stocks whose market value have dropped.
Have you purchased any item during this time?, was it a need or a want?
Did you have to use some or a significant amount of your bitcoins?
Having to wait out for Black Fridays before making a purchase, that’s not something I would do or like to do. I don’t subscribe to the idea as, you don’t wait out a need. A need is a can’t do without but wants on the other hand can be scheduled for a time.Did you have to use some or a significant amount of your bitcoins?
Still, I wouldn’t sell my Bitcoin just to archive a Black Friday fantasy, it’s just not worth it.
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For example, a lot of individuals or bitcoin holders may sell significant amounts of their cryptocurrency during this time because they wish to purchase items that will affect their investments. Black Friday deals can affect your plan to hold bitcoins, and as an investor, you have to be careful and be disciplined enough to control yourself.
Every investor will do what ever they please with their Bitcoin investment, I believe they are already aware of what they decided to spend their money on and what not to. During the black Friday as the name imply, some store might decide to give a huge discount on the price of a particular item that use to be very much expensive and this become an opportunity for those people who need for that particular item but because it was so expensive in the time past, they could not afford it. Holding Bitcoin is very good, but if you have some need to spend on and you feel like using some fractions from your holding, then it's not bad.
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Have you purchased any item during this time?, was it a need or a want?
Did you have to use some or a significant amount of your bitcoins?
Did you have to use some or a significant amount of your bitcoins?
I have bought some stuffs during some store's black Friday sale, but the item I bought did not actually give me the quality I was expecting from that item and it made me to believe that stuffs that are sold during black Fridays (with heavy discount) are things that the quality have dropped, so, those store are just trying to push it off their store on a discount rate, so that they can receive fresh products
Have you purchased any item during this time?, was it a need or a want?
Nope, none.Did you have to use some or a significant amount of your bitcoins?
No.If the time that I'll be using to sell some of my Bitcoins for things, it won't just be a want but most likely a need. Like a real estate, computers for other tasks that I might do.
You know stuff that we need to do that will make us productive and as in we need only and not a want. That's what I am going to spend those Bitcoins for.
I don’t spend my Bitcoin on consumer goods & neither should you. Nothing Black Friday offers should persuade you to part with your Bitcoin. If you sell some Bitcoin it should be to make your life better like buying a home or diversifying into something else. Don’t use Bitcoin to make dumb purchases on Black Friday.
In the long run, selling Bitcoin for Black Friday deals seems nonsensical. My hodler mantra is to stay calm during storms and peaks. Bitcoin is an investment in the future, not a piggy bank for today's splurges. From my experience, I've avoided Black Friday shopping. My focus? Hodling strictly. Not only fighting temptation, but strategic financial positioning. Deep in crypto, every move must be calculated. Chess, not checkers.
Isn't Black Friday's 'discount' narrative intriguing? We're told we're saving, but aren't we merely buying stuff we wouldn't? A smart psychological trick. I follow the hodl philosophy. Bitcoin is simply one part of our holistic personal financial approach. I save Bitcoin and my financial future by avoiding hasty purchases, especially on Black Friday. Separating immediate enjoyment from long-term advantages is tricky. The key? Concentrate, be disciplined, and remember that patience is a strategy in investing.
Isn't Black Friday's 'discount' narrative intriguing? We're told we're saving, but aren't we merely buying stuff we wouldn't? A smart psychological trick. I follow the hodl philosophy. Bitcoin is simply one part of our holistic personal financial approach. I save Bitcoin and my financial future by avoiding hasty purchases, especially on Black Friday. Separating immediate enjoyment from long-term advantages is tricky. The key? Concentrate, be disciplined, and remember that patience is a strategy in investing.
I don't buy a lot with my Bitcoin on Black Friday. My shopping list is to renew the domains I own and buy a VPN or VPS with some gift cards within a maximum of $500.In some stores there are discounts, such as purchasing some equipment and sports equipment, or gym subscriptions and clothes, but it is not the season for discounts, as the prices for many products are cheaper at the end of the year and after the Christmas holidays, when many people begin to stop spending and try to spend the vacation.
Since everyone is shopping at the same time, many products are treated as if they are on sale when in fact they are not. We should consume consciously and shop according to our needs. The discount mentioned on social media is not the same as the discount we actually encounter. This does not apply to every product because there have been very good discounts on some products.
There are frequent discounts and I think it would be unnecessary to sell Bitcoin investment for shopping. There are also great opportunities when you go shopping during the periods you mentioned. Following certain periods for shopping allows us to buy the things we need at affordable prices.
I don't buy a lot with my Bitcoin on Black Friday. My shopping list is to renew the domains I own and buy a VPN or VPS with some gift cards within a maximum of $500.In some stores there are discounts, such as purchasing some equipment and sports equipment, or gym subscriptions and clothes, but it is not the season for discounts, as the prices for many products are cheaper at the end of the year and after the Christmas holidays, when many people begin to stop spending and try to spend the vacation.
Although Black Friday is commonly associated with sellers offering huge discounts to customers, is this really true?
Black Friday is an excellent time to buy only what you need, not what you want. The event's psychology is to give consumers greater purchasing power and encourage unnecessary spending.
For example, a lot of individuals or bitcoin holders may sell significant amounts of their cryptocurrency during this time because they wish to purchase items that will affect their investments. Black Friday deals can affect your plan to hold bitcoins, and as an investor, you have to be careful and be disciplined enough to control yourself.
Have you purchased any item during this time?, was it a need or a want?
Did you have to use some or a significant amount of your bitcoins?
Black Friday is an excellent time to buy only what you need, not what you want. The event's psychology is to give consumers greater purchasing power and encourage unnecessary spending.
For example, a lot of individuals or bitcoin holders may sell significant amounts of their cryptocurrency during this time because they wish to purchase items that will affect their investments. Black Friday deals can affect your plan to hold bitcoins, and as an investor, you have to be careful and be disciplined enough to control yourself.
Have you purchased any item during this time?, was it a need or a want?
Did you have to use some or a significant amount of your bitcoins?
Like many things in life, the original purpose has changed and been manipulated over time. At the beginning, when this craze first took off I remember actually finding great bargains for the first few years but you had to know what you were looking to get out of it. Now it is so hard to distinguish what is a good deal, that it's not worth even bothering with this day. I saw a lot fewer people and advertisements for it this year, as people are starting to wise up to the scam it's become and maybe it'll start to die out. It came out of nowhere and I doubt many people would miss it if it were to disappear again, there are already enough consumer holidays around that retailers can use to discount goods and services.
We all know that the worst time to sell bitcoin is in the bottom of a bear market and the second worst time is before the halving.
There are things I need and buy on Black Friday, but these aren't big purchases, so I don't need to sell bitcoin. This year I bought myself some car parts, like wipers and winter floor mats because the discounts were nice and I needed that anyway. Nothing too expensive. I also bought Christmas gifts for my wife and daughter, all paid using fiat money.
What would you want to buy that is expensive enough to warrant selling bitcoin for? The average person will have some income and some fiat savings, so if they want a new washing machine, or a computer they can afford it and many stores allow you to get an instant loan, or pay in installments. To be forced to sell my bitcoin I'd have to be buying land, a house, or a car and these things rarely come in black friday 30% off deals.
There are things I need and buy on Black Friday, but these aren't big purchases, so I don't need to sell bitcoin. This year I bought myself some car parts, like wipers and winter floor mats because the discounts were nice and I needed that anyway. Nothing too expensive. I also bought Christmas gifts for my wife and daughter, all paid using fiat money.
What would you want to buy that is expensive enough to warrant selling bitcoin for? The average person will have some income and some fiat savings, so if they want a new washing machine, or a computer they can afford it and many stores allow you to get an instant loan, or pay in installments. To be forced to sell my bitcoin I'd have to be buying land, a house, or a car and these things rarely come in black friday 30% off deals.
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