Bitcoin Forum

wanna know if the bitcoin black Friday could help to improve the economy of bitcoin.
i am not sure if bitcoin can get popular this way, since this event is worldwide rather than just those countries like US, UK, Canada, etc.
no idea? gotta guess.  ::)

i guess it would increase around 5%
not gonna debate, going objective.

i believe there will be a growth but not too big as people wont use too much of bitcoins

If you are referring to merchant expansion and adoption caused by black friday, that's something that can show impact on the price only after certain amount
of time, most certainly not right away. imho, anyone expecting a huge boost will end up disappointed.

Black Friday didn't have much of an impact last year. The price briefly went up a little afterwards, then crashed heavily down. Perhaps this year will be different. Past performance is not a reliable indicator of future performance. Nevertheless I don't think it will affect the price heavily.

http://s7.postimg.org/4f5lequob/blackfriday.jpg

There won't be much of an impact on the price imo. Maybe a 10 USD swing either way but nothing too much.

Maybe a little dump if people decide to use BTC to buy things, but no long term effect. If any effect

It might raise more awareness as some deals are only possible if you pay with Bitcoin. People will need to buy Bitcoin in order to benefit from that specific black friday deal. Other than that I can't see much action in the price beside it possibly go down a few bucks.

It sure does have a impact of its own, on the BTCitcoin price however due to sudden demand, there might be sudden dumping as well right after the event, so the prices will go a bit high and then decrease to where it belongs now and I don't think it will go further down than it is now so overall it would stay the same

I voted for no change

I don't believe that it will have a great impact on bitcoin

Black Friday isn't a significant thing to Bitcoin, not enough merchants accept Bitcoin.
Might be a very short tiny spike, but the merchants selling it right back off will kill any jump from folks buying it to USE it on Black Friday.

 The "tighten regulations" news out of the EU will be a bigger price driver.

I vote for no change as well. Although, with the current campaign pushing bitcoin black friday, it might end up being different than last years.

It is just a day of shopping. May just as well speculate that christmas will pump the price.

We keep hoping for the price to go up at black friday and Christmas, but I also can't see the price being much affected. The only thing that will greatly affect the price is the block halving a lot people are waiting for.

I thought Black Friday is normal for in store shopping? If that is the case, the there is little impact. Bitcoin is good for on line shopping.

does chinese care about this festivity? they have something similar? since they are the one that move the market basically, if they do not care i don't think there will be any impact

also it's to near the last pump

I don't really see any significant impact on price because of retail sales. Maybe next year, not this year. If it does happen to change in any direction it will prolly be because of something else. More likely the whales will use Black Friday as another opportunity to disguise another pump and dump.

i doubt that there will be any decent impact on the price, well it might grow about 5 per cent but its possible without the black friday either

I think it will only impact on bitcoin awareness if it is properly done! I hope to see some tv commercial !

I can't understand this hype around black friday, last year nothing happen, so why would this year happen something...?

People will spent it, merchants will convert it and people will buy btc to buy more so they can spend it..

i dont really expect much of a change, just like last year it didnt much of an effect might the same this year too.

IMO, there'll not be occur a special pump or dump during blackfriday. Instead, might occur more transactions than the ordinary day.

I think this event is way bigger than last year, so we should see an impact on the price ::)
But it should be a temporary one, after the event is done, the price should go back to the way it was before :P
But i hope i can make a pretty good profit in the temporary price surge ;)

Maybe you care to elaborate it. How could this increase the value of bitcoin.

The bitcoins that people buy (price increase) will be sold by the merchants (price decrease) so it will be balanced?

We'll probably see some selling pressure but this year's bitcoin black Friday will probably be the smallest of the tradition whilst trading is still seeing stable volumes. It's likely that that this year's impact on the price will be less significant that 2013/14

i'm sure that its black friday its good for bitcoin economy, with big offers, some users would make its first shoppings with bitcoins. But i don't expect that this affect bitcoin price.

The more webshops have promotions, the more people will buy btc and spend it.

It would be a perfect oppertunity to test the network. Let's aim for a great succes with millions of transactions.

We could end this great btc year with a price rise and the succes of black friday & christmas shopping.

black friday and christmas make btc goes down of course its simple you need fiat for chrismas you dump the coin and the terror of crime connected to btc=isis makes coin goes low too

Quite likely such a scenario but still would like to hope that a Christmas rally will not escape us and will give us a little happiness ;D

That is true. If people use bitcoins for online shopping then their will be a some demand for bitcoins and it may impact slightly on prices but may not be much because as of now not many major online shops accepts bitcoins as a payment method. So I think because of black friday sales there will be very slight impact on btc prices.

Small change that is absorbed within the next few days
People buy Bitcoin to prepare for BBF and the price rises in the short term, after products are purchased the merchants convert the Bitcoin into cash less a percentage they may decide to keep holding and the price will drop.