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Topic: Black friday was a JOKE! (Read 3661 times)

legendary
Activity: 2744
Merit: 1288
December 04, 2014, 08:31:45 AM
#26
Last year was $ 6 Millions on Black Friday.
If this year is $ 22 Million it is not bad (366%).
It is no bad if people remind the BTC exchange rate is 1/3 of a year ago at the same time.
People underwater with their bitcoins exchange rate would not be willing to spend them and would prefer spend their always and forever depreciating paper.

How much was 2 years ago?
It shows where Bitcoin currently is. 3-5 years more needed.
sr. member
Activity: 280
Merit: 250
December 03, 2014, 02:51:32 PM
#25
Price goes down, people say "See?  Bitcoin is being used as a currency!" .. price goes up "See?  Bitcoin is being bought!" .. price remains constant "See?  Bitcoin is stable!" ..
sr. member
Activity: 252
Merit: 251
Knowledge its everything
December 03, 2014, 02:29:11 AM
#24
Black friday ?
Lots people discount their item with BTC
And gambling site give some promotion

Last year was $ 6 Millions on Black Friday.
If this year is $ 22 Million it is not bad (366%).
It is no bad if people remind the BTC exchange rate is 1/3 of a year ago at the same time.
People underwater with their bitcoins exchange rate would not be willing to spend them and would prefer spend their always and forever depreciating paper.

This prove black friday increase  bitcoin activity
sr. member
Activity: 658
Merit: 250
December 03, 2014, 02:17:52 AM
#23
22m volume
haha

Like most people, they are not going to spend their BTC to buy things in fact they are going to buy it with fiat, that's what I did. They realized that BTC too valuable to buy things with right now

Why didn't you buy things with BTC then immediately replace the BTC that you had just spent? The USD value of BTC is very stable at the moment, so there is no risk in the short window of time involved.

The reason is that there is no utility in using BTC at the moment. We have tiny volumes of BTC transactions at the very peak of the online spending calendar, just before Christmas. Perhaps BTC will be useful to consumers in the future, but clearly it has no value at all to them at the moment. Not even for the most ardent believers in Bitcoin, such as you, 'bitcoinbelieve'.


I invested large portion of my saving into bitcoin and I don't regret it all b/c I realized that there is more upside than downside. In my opinion, I value bitcoin more than the fiat due to fact that it (value) WILL go up in the future as to fiat where the inflation is going to eat away the purchasing power.

I'm not sure if you are miner or not but it takes  me at least a month accumulate 1 btc (running 24*7), the reason why I brought this up is that I'm not going to buy items with bitcoin  b/c it will be stupid. It is cost effective to buy stuff with fiat than btc (currently).

"Why didn't you buy things with BTC then immediately replace the BTC that you had just spent".....That doesn't make sense, why would I incur fees when I could avoid it in the first place. To those who don't know, there is small fee you have to pay when you deposit or withdraw  btc to fiat or vice versa.

Bitcoin is well undervalued for various reason but main contribution factor I believe is lack of  infrastructure and also lack of mass adoption.
full member
Activity: 215
Merit: 100
December 02, 2014, 10:27:46 AM
#22
22m volume
haha

Like most people, they are not going to spend their BTC to buy things in fact they are going to buy it with fiat, that's what I did. They realized that BTC too valuable to buy things with right now

Why didn't you buy things with BTC then immediately replace the BTC that you had just spent? The USD value of BTC is very stable at the moment, so there is no risk in the short window of time involved.

The reason is that there is no utility in using BTC at the moment. We have tiny volumes of BTC transactions at the very peak of the online spending calendar, just before Christmas. Perhaps BTC will be useful to consumers in the future, but clearly it has no value at all to them at the moment. Not even for the most ardent believers in Bitcoin, such as you, 'bitcoinbelieve'.
sr. member
Activity: 658
Merit: 250
December 02, 2014, 10:16:39 AM
#21
Like most people, they are not going to spend their BTC to buy things in fact they are going to buy it with fiat, that's what I did. They realized that BTC too valuable to buy things with right now

However, if you/we do not buy with BTC in the future, it is worthless.

I don't think the BTC would ever become worthless in fact I think it will become more valuable than a gold in near future.
sr. member
Activity: 406
Merit: 250
December 02, 2014, 09:20:53 AM
#20
Like most people, they are not going to spend their BTC to buy things in fact they are going to buy it with fiat, that's what I did. They realized that BTC too valuable to buy things with right now

However, if you/we do not buy with BTC in the future, it is worthless.
sr. member
Activity: 658
Merit: 250
December 02, 2014, 06:24:52 AM
#19
22m volume
haha

Like most people, they are not going to spend their BTC to buy things in fact they are going to buy it with fiat, that's what I did. They realized that BTC too valuable to buy things with right now
hero member
Activity: 490
Merit: 500
December 01, 2014, 02:33:48 AM
#18
let's see how does the joke ended
legendary
Activity: 1106
Merit: 1000
November 30, 2014, 01:51:41 AM
#17
Somebody is unhappy that the price did not go down as expected due to Black Friday.
sr. member
Activity: 286
Merit: 250
November 29, 2014, 11:24:02 PM
#16
22m volume
haha

Everybody busy shopping.. Smiley who cares about bitcoin.
hero member
Activity: 924
Merit: 509
November 29, 2014, 10:42:20 PM
#15
This is now an anti-semitic thread
Saying Jews are smarter than everyone else doesn't seem anti-Semitic to me.
newbie
Activity: 40
Merit: 0
November 29, 2014, 02:41:10 PM
#14
22m volume
haha

It's Saturday now and the volume is only $ 18.5m. Black Friday's 3.5m extra volume is not too bad.
hero member
Activity: 674
Merit: 500
November 29, 2014, 09:48:40 AM
#13
Most people who own bitcoins aren't braindead consumerist zombies

Only the merchant profits

Stop buying shit you don't need

legendary
Activity: 1176
Merit: 1000
November 29, 2014, 08:49:29 AM
#12
Last year was $ 6 Millions on Black Friday.
If this year is $ 22 Million it is not bad (366%).
It is no bad if people remind the BTC exchange rate is 1/3 of a year ago at the same time.
People underwater with their bitcoins exchange rate would not be willing to spend them and would prefer spend their always and forever depreciating paper.

Well precisely. Hence my firm response to the little tinker.
sr. member
Activity: 453
Merit: 254
November 29, 2014, 07:56:38 AM
#11
Last year was $ 6 Millions on Black Friday.
If this year is $ 22 Million it is not bad (366%).
It is no bad if people remind the BTC exchange rate is 1/3 of a year ago at the same time.
People underwater with their bitcoins exchange rate would not be willing to spend them and would prefer spend their always and forever depreciating paper.
legendary
Activity: 1316
Merit: 1000
November 29, 2014, 03:25:28 AM
#10

I dunno i sold a ton of stuff on ebay which were not at any discount thanks to black friday, never really understood it though.
legendary
Activity: 924
Merit: 1001
November 29, 2014, 03:15:36 AM
#9
oh dear, you mean the currency is under developed? tough times being such early adopters.
hero member
Activity: 675
Merit: 500
November 29, 2014, 01:48:44 AM
#8
It is increasing every year. With the bitcoin community growing, black Friday's importance will increase too.
full member
Activity: 154
Merit: 100
November 28, 2014, 08:40:40 PM
#7
o kno i couldnt find any btc related things on black friday Sad
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