Warning - The price will drop more on Black Friday! DO NOT Panic. - page 2.

shinharu10282016

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Quote from: Pattart on November 24, 2018, 10:05:24 PM

Quote from: farosa on November 24, 2018, 04:48:10 PM

Maybe Black Friday's effect is still influencing the price. Because, the price drop was not felt so much at the same day, but now if you check the price of Bitcoin, you can see the price is below 4k. As though Black day didn't leave much impact on the price.

As they said, at this time the price of bitcoin is weakening again, really extreme changes, very likely to go back down because panic selling still seems to occur. so I hope you are careful when you want to take advantage of the current conditions..

Or maybe the whales are in it to affect the price. Same thing happened last year and it blew. 10x profit for some of the alts. That's is how they do it but apparently we won't be seeing much of that since I believe this will be a very bad year for bitcoin and the other cryptocurrency.

Yaunfitda

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Quote from: Pattart on November 24, 2018, 10:05:24 PM

Quote from: farosa on November 24, 2018, 04:48:10 PM

Maybe Black Friday's effect is still influencing the price. Because, the price drop was not felt so much at the same day, but now if you check the price of Bitcoin, you can see the price is below 4k. As though Black day didn't leave much impact on the price.

As they said, at this time the price of bitcoin is weakening again, really extreme changes, very likely to go back down because panic selling still seems to occur. so I hope you are careful when you want to take advantage of the current conditions..

Yes, this is like the complete opposite of what we have witnessed last year. In any case, I would take this opportunity to bag more coins in my wallet.

As for the case of the slump again, I can only speculate that people are losing faith and would rather wait it out this the market goes on a reversal before purchasing again, but I don't like that strategy.

Pattart

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Quote from: farosa on November 24, 2018, 04:48:10 PM

Maybe Black Friday's effect is still influencing the price. Because, the price drop was not felt so much at the same day, but now if you check the price of Bitcoin, you can see the price is below 4k. As though Black day didn't leave much impact on the price.

As they said, at this time the price of bitcoin is weakening again, really extreme changes, very likely to go back down because panic selling still seems to occur. so I hope you are careful when you want to take advantage of the current conditions..

potivech

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It's worth remembering that $3000 is the cost to mine a Bitcoin in China (where the vast majority of Bitcoin are mined), so anything down to that level would be absolutely fine and actually quite positive for crypto

netto7

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someone will say bitcoin is dead.

but they dont know Bitcoin has died 323 times

From Bitcoin obituary stats | 99 Bitcoins
https://99bitcoins.com/obituary-stats/

Pab

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Never panic it doesn't change nothing
Price is price .Look what is going on stocks
Apple stock lost over 50% last month
Nividia the same it is one big sell off
More posts bitcoin is going to die faster and higher rebound will be

gabbie2010

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I hope the price rally back as soon as possible from want I am seeing black Friday had imparted significantly to already crashed price of bitcoin as the market conditions is getting worse, while investors are waiting for the much awaited recovery Christmas is also around the corner there is the tendency of price drop as a result of Christmas shopping.

erikoy

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Quote from: mazdafunsun on November 23, 2018, 12:46:20 PM

I dont thin kthat this is a valid reason why btc price should go down , the crypto market regarding vendors who accept this asset, is too small to have a real impact on the price.
The price is dropping because we are stil in extremely bearsih market.

However, it came to the point that the market price for bitcoin has really drop and recorded the lowest market price for bitcoin in 2018. There could be more possibilities that it will drop and bitcoin will come to an end as what other users speculated where people will going to leave after a bad market condition for bitcoin.

netto7

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ahhhhhh......right now black friday have effect to Crypto.

in 1 hour price drop 11% and BTC below 3900

Matthewmorris4

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Quote from: Kakmakr on November 23, 2018, 01:52:57 AM

Just a little reminder for the Bitcoin price watchers! The price will drop slightly today, because a lot of people will be buying some goods and services with some of their bitcoins. These bitcoins will increase the supply of bitcoins on exchanges and we might see a little drop in the price as a direct result of that.

So DO NOT panic, if this happens today.

We hope that people will be motivated by merchants to buy at a reduced price, if they use bitcoins as the payment option. This will balance out the over supply of bitcoins, when there is a increase in the demand for coins.

So Bitcoin merchants, offer some of those large discounts to people who only use Bitcoin as a payment option and see how the price will increase. Roll Eyes

Hope this makes some sense. Tongue

the impact of Black Friday on bitcoin is indeed felt, especially if our assets are above 1 BTC. some HOLDERS who are mentally ill can even panic, and choose to sell now, then later they hope to buy at the lowest price at this time. On the other hand, losses are received by miners and ICO projects

farosa

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1 & 0 😏

Maybe Black Friday's effect is still influencing the price. Because, the price drop was not felt so much at the same day, but now if you check the price of Bitcoin, you can see the price is below 4k. As though Black day didn't leave much impact on the price.

netto7

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Quote from: BrewMaster on November 24, 2018, 12:48:17 PM

Quote from: Kakmakr on November 24, 2018, 10:58:52 AM

Looking at the Bitcoin price now, Black Friday seems to have very little impact on the price.

for as long as i can remember some people have been expecting these kinds of drops, black Friday, Christmas, Chinese new year,.... and a lot of others. and each time their expectations doesn't come true.
i believe it is because you forget that price is set on exchanges and by investors/traders and these people don't liquidate their investment and their positions just because it is some occasion!

it drop around 1.6% so little.

why everyone panic?

BrewMaster

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Quote from: Kakmakr on November 24, 2018, 10:58:52 AM

Looking at the Bitcoin price now, Black Friday seems to have very little impact on the price.

for as long as i can remember some people have been expecting these kinds of drops, black Friday, Christmas, Chinese new year,.... and a lot of others. and each time their expectations doesn't come true.
i believe it is because you forget that price is set on exchanges and by investors/traders and these people don't liquidate their investment and their positions just because it is some occasion!

Sirait

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I don't think Black Friday will affect the price of cryptocurrencies either. Cryptocurrency is not like an item that can be at a large discount. I've seen the market and I don't think there's anything to think about Grin

kaisa

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I read the news today that trade observers are about speculation on bitcoin prices by Michael Moro, CEO of Genesis Trading. Check out the link here:

At this time, bitcoin has not reached the base price, it is possible to drop below $ 4000 and it has nothing to do with Black Friday.

tomahawk9

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So not much happened on Black Friday, regarding the btc price, just some normal fluctuation. I expect some bigger movements on December when people will be looking to buy christmas gifts and whatnot, we could also see a recovery in prices next month meaning that people would be more eager to sell due to a higher price. So, yeah, we should expect bigger prices swings during the holidays.

Kakmakr

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Looking at the Bitcoin price now, Black Friday seems to have very little impact on the price. Grin

I think one contributing factor for this was that people were hesitant to spend Bitcoin when the price is this low.

The drop in the price might have stopped people from buying a bunch of cheap consumer appliances and actually saved us money in the process. Last year this time, people were buying a bunch of stuff, because the price skyrocketed and they were rewarding themselves with the profits for Xmas. Roll Eyes

flyingcat

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I often care about Christmas only but Black Friday, maybe it's my big mistake ever. I don't ever think Black Friday can affect to price of crypto market that much. Before Black Friday happened, new bottom of crypto market created and I think effect of Black Friday to crypto market price is great Sad

. Lesson learnt Sad

.

Dimon8

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I think that "black friday" did not affect the price of bitcoin. Those who are engaged in cryptography are mostly smart people, and shopping is not interesting for smart people.

Lalafell

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Even we see a falling price on black friday there is nothing to panic and just remain calm. Do not panic is a special reminder to all people who will sell their bitcoin because of this black friday and just be patient and just believe that the price of bitcoin will not down even there will be a black friday.

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