Will you cash out your bitcoins for Black Friday? - page 3.

Baby Dragon

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Quote from: Kprawn on November 14, 2018, 10:00:24 AM

I see a slight drop in the price in the last couple of days and that made me think, why this might happen now. Huh

My best

guess is that a lot of people might be converting bitcoins to fiat to enable them to buy cheap goods at retailers that are not

offering Bitcoin payments. Will you also cash out some bitcoins to shop at Walmart or Amazon or whatever retailer you shop

at, that are giving these massive discounts? This will surely explain the drop in the price, a week before Black Friday

starts. Huh

I see no other major announcement that would explain the recent drop in the price. Angry

I would rather to hold it than to sell it out or convert into fiat. I think the biggest explanation about dropping price of bitcoin is the hard fork of BCH and I think it is the reason. I think the people who already convert their bitcoin now will really have big mistake in the future.

boyptc

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Quote from: dreamhouse on November 20, 2018, 02:34:23 AM

what a spectacular drop of bitcoin price... I wish it goes lower, I am ready to get more...

Mindset of someone that has a lot of belief to the market.

I see that it went low quickly to $4,277 and it can go lower than that. Patience people, patience. I'm not going to sell no matter what.

Quote from: coinwizard_ on November 19, 2018, 02:58:56 AM

No announcements that would dump the price?

We will never get an announcement that the market will dump but there's someone that hinted it before the fork.

tiktak89

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Of course I'm not selling my coins right now. Bitcoin has fallen to a critically low price, and selling it in this situation is absolutely not profitable.

ballexplorer

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Basically, I do not think that Black Friday is the reason for the strong losses in the crypt world. Some people will also sell BTC to make so-called bargains, but it does not have the potential for this sharp decline.
Why in the last 2 days this cash out is done has other reasons.

dreamhouse

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what a spectacular drop of bitcoin price... I wish it goes lower, I am ready to get more...

legenduim

full member

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Quote from: bloodyvio on November 17, 2018, 05:04:38 PM

i will not cash my bitcoin
but when black Friday prices will definitely fall
so everyone doesn't need to panic
people will sell their bitcoin to buy cheap goods when black friday

First of all, I will tell you that Black Friday is the greatest fraud in the world. It only seems that you win something and buy the cheapest stuff. In reality, you leave all the money in the stores and buy unnecessary things.

coinwizard_

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No announcements that would dump the price? I guess the OP isn't following crypto news with all of the bitcoin cash battles. I wouldn't cash out now, it's crazy when the market is this low

mrcash02

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Is Black Friday the explanation behind the mistery? Well, I'm not sure about it, anyway I'm not going to cash out my money because of this particular event. And I believe if people want to spend some extra cash with Black Friday they won't sacrifice a lot of money from their BTC investment to do this... That would be insane.

hatshepsut93

legendary

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Merit: 2162

No, I won't, and I don't believe in this theory that Bitcoin slightly falls on holidays because people cash out to buy stuff - it's probably more of a coincidence and the usual attempt to find explanation for Bitcoin price changes. The reason why I think it's wrong is because few people hold 100% of their saving in crypto, so there's actually no need for them to cash out their coins, because they have enough fiat. And the price is influenced by traders rather than users, so again, I doubt that traders need to cash out to buy presents. Perhaps traders are selling because they won't be trading on holidays so they don't want to risk losing money if a price drop happens during that time.

messito

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I personally plan to withdraw some amount from cryptocurrency and purchase goods at good discounts

Pinkris128

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Quote from: 1Referee on November 18, 2018, 05:59:29 AM

Quote from: Caesar-Giulius on November 18, 2018, 02:18:44 AM

No man, I am not cashing out Bitcoin just to shop on Black Friday. The discounts are good, but I will just use fiat which is not as valuable as my Bitcoin. It doesn’t make sense to sell my Bitcoin at such low price.

Perfectly understandable, but know that you don't have to use your own coins for that. In some cases there are deals that only apply to Bitcoin, which actually are pretty decent mostly, so what you do is buy Bitcoin with fiat (probably better to do in advance? not sure how easy it is for you to buy Bitcoin), then buy whatever you need/want with these Bitcoins. I already bought the coins I plan to spend. Burn fiat. Support Bitcoin.

Yes, there might be some volatility in the runup to black friday, but we're likely in a tight range similar to $6000-$6500 that we've been in all year.

Actually we dont need to spend money on black friday, that is not mandatory and we must always budget our money or manage it well, because if we spend more to nonsense things and when emergency comes. It will be a big problem. Instead why not spend only few depending on what is you really needed in your life and save the other money.

coolcoinz

legendary

Activity: 2814

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I'm not planning to spend my coins at such low price. I have my limits. I used to be undecided when we were at 6k USD, but now... Now we're at the lowest point for over a year. We went back to prices from early November 2017, but now we're closer to the end of the month than to the beginning and we haven't jumped back up. Selling and losing opportunity for a rocket to the moon in December would make me sad.
Speaking of Black Friday discounts, Bitcoin is at -80% at the moment. That's what I call a great buy!

Marbelli

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stupid to cash out cryptocurrency at such a low price. it seems to me that investors will not do it

kotajikikox

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Quote from: mk4 on November 14, 2018, 10:09:46 AM

Bitcoin is volatile, and can easily rise and crash without good/bad news. We can think of reasons and speculate on why prices move such directions, but there's really no way to know for sure.

As a Legendary member that has been here since 2014, you should probably know this by now.

That's truely and correct mate we all should knows bitcoin is high volatile cryptocurrency, the up and down without notice to the public every seconds or minutes bitcoin price have a chance to goes up or dump their m
Value at coinmarketcap.

No need to scary for this scenario last couple of day and until now bitcoin are in the lower prices people still hoping and waiting for the stabilization.

Mr.Zug

brand new

Activity: 0

Merit: 0

Hello altogether,

no I dont think that a huge amount of Bitcoin hodler are selling their Bitcoin for Fiat in order buy cheap electronics on Black Friday.
Besides that it would not have an huge influence on the Price.

In my mind this drop is attributed to the Bitcoin Cash Fork.

Thanks

Aponkye1

member

Activity: 336

Merit: 10

Not at all because the price of bitcoin has gone down. I would rather purchase items with any available fiat currency that i may have in my possession and wait for the price of bitcoin to increase to about $7k US. I don't see the reason why people would want to cash their bitcoins into fiat currency to make transactions at this current price of bitcoin.

worldofcoins

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No, I don't see why would anyone sell out their coins for Black Friday, it's just stupid, first because you shouldn't invest what you can't afford second Black Friday is not that big of a deal to me anyways.

Shreek

full member

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for now no, now is the best moment not to buy anything on black Friday, and now is the time to buy as much BTC as possible to face this bull run that will take place at the end of 2018
BTC movement will be very crucial in the next few weeks, because everyone bet their money for BTC and profit

leetcoiner

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Activity: 1056

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Quote from: Kprawn on November 14, 2018, 10:00:24 AM

I see a slight drop in the price in the last couple of days and that made me think, why this might happen now. Huh

My best

guess is that a lot of people might be converting bitcoins to fiat to enable them to buy cheap goods at retailers that are not

offering Bitcoin payments. Will you also cash out some bitcoins to shop at Walmart or Amazon or whatever retailer you shop

at, that are giving these massive discounts? This will surely explain the drop in the price, a week before Black Friday

starts. Huh

I see no other major announcement that would explain the recent drop in the price. Angry

I don't think the drop in bitcoin has anything to do with black Friday. The vast majority of stores that support this global action do not accept bitcoin as payment, and therefore the flow of bitcoin as a means of payment remains at the same level as it was. The fall is due to completely different reasons.

mohammedmattar

member

Activity: 448

Merit: 20

Quote from: Kprawn on November 14, 2018, 10:00:24 AM

I see a slight drop in the price in the last couple of days and that made me think, why this might happen now. Huh

My best

guess is that a lot of people might be converting bitcoins to fiat to enable them to buy cheap goods at retailers that are not

offering Bitcoin payments. Will you also cash out some bitcoins to shop at Walmart or Amazon or whatever retailer you shop

at, that are giving these massive discounts? This will surely explain the drop in the price, a week before Black Friday

starts. Huh

I see no other major announcement that would explain the recent drop in the price. Angry

another Try to explain what is happening؟
I think your explanation is incorrect for many reasons mentioned by some young people
I think a hard fork for bch one of reasons
Some whales also practice their hobby in catching the Sell panic.

Topic: Will you cash out your bitcoins for Black Friday? - page 3. (Read 1029 times)