Bitcoin Forum

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

I see no other major announcement that would explain the recent drop in the price.  >:(

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.

Expenses are inevitable and most times imperative and when the need calls you would have to meet up.

That said, lots of factors affect the price movements. And the market has been more or less the same as it has been the majority of this year.
Also I am not aware of any Black Friday offers as yet, the market is maybe not as active as it was at this time last year.

Yea, I have been a member since 2014 and a Bitcoiner way before that, but the price behaviour has changed a lot in the last

couple of months. We have seen a stable price for months now and now suddenly we are seeing slight volatility again. We

also saw volatility linked to "news" that was published in social media, but this time there are not something that was

announced that might cause a dip in the price.  ??? ??? ??? (Apart from the upcoming Bitcoin Trash fork)

$300 isn’t much of a drop these days, it’s just normal price movement. I will start to panic a little if we crash much below $6000 though.

The bitcoin markets have only existed more or less just a decade. And yes, there are some things that might be weird because we haven't seen something similar in the past. But guess what? I'm pretty sure we haven't seen nothing yet. Long term, I'm 100% sure we're bound to see rise and drops in price multiple times as massive compared to what we have seen last December. Buckle up your seatbelts and enjoy the volatility ride. :P

Most users may be driven into panic selling for black Friday shopping,but I do not think it's actually a wise idea..
As every bitcoiner is aware of the market situation,and it's unpredictable state, backing out at this point in time could be unnecessary and could come back to bite

Bitcoin price (https://coincodex.com/crypto/bitcoin/) just dropped by $300 :OO

No, I don't think so.
It's not good time to sell bitcoin now, specially if you had to pay more for bitcoin than what is their current value.
Hold is much better strategy than sell with loses.
Black friday s just one day and it will come again.
If you sell your bitcoin it's the end.

I.would rather hold on to my Bitcoin than sell at the current price. Few of my friends are eager to sell at the moment and wouldn't listen to voice of Reasoning. I've left them to their decision afterall the decision is theirs to make

Take a lot at what everyone is doing, and do the opposite. Usually the best advice when it comes to making (and saving) money.

Definitely, i will cash out some of my Bitcoin wallet for Black Friday because of the free giveaway and discounted price be given during Black Friday. Man must meet the needs of the family, however things are likely to be on a higher price during Xmas and New year, so, in line with this, cash out Bitcoin will be inevitable.

There is a possibility that I might do that, not necessarily on a Black Friday but in any day that a particular store offers massive discounts. It is always good to stock up some supplies while price is cheap.  ;D

He did know but what he is trying to do is get opinion and trying to rationalise by giving reasons as to why a new downward trend is being witnessed at this time which coincide with black Friday sickness.


I won't want to believe that someone who probably bought at an higher price would now sell because of Amazon price slash when you know that when the market recovers even if the price of that particular good should double, you can afford it conveniently. The  like reason is because of the volatility happening in the market and every explanation would only work as a result of timing alignment.

Maybe a little bit for buing a new car for mi wife)). But that is sad situation today.

Are you panicking now? ;D

Probably time to log-off for today. Every board is being spammed with countless new topics about bitcoin crashing, panic selling, crypto is dead, etc. It gets pretty boring after a while. If you honestly believe crypto is dead, then just sell everything and leave the forum. You don't need to spam the place on your way out.

I'll continue to do what I've done all year - largely ignore the price, and continue to use bitcoin as a currency as and when I can.

This drop can't be explained by black friday. I understand that everybody is trying to find an explanation for this sudden drop. ıt seems that price behaviour of bitcoin has changed a lot. We have seen a stable price for months and  suddenly slight drop occured while people wait for a bull market. People must evaluate this new period seriously and necessary measures must be taken.

I will not casho out any of my bitcoin a this stage.
I will just keep holding for it and wait until the market is good.
I am on the track now where i will sell my BTC at 15,000 USD and buy back at 12K.
then sell again at 22K usd, this is my track which i know will be good iun the future!

I very much doubt that the price of Bitcoin fell down due to the Black Friday. I think that there was a completely different manipulation.

Black Friday is a big deal and im sure a lot of people are going to use bitcoin in
one way or the other to take advantage of available deals. It may be a factor
in the current market movement along with other factors i dont think its tho
sole reason.

If there's a stuff that's been sitting on my wishlist going on a big discount, then I'll probably do it. Otherwise, I won't. It's not really a good habit to buy anything just because that thing is on a discount. Moreover, in this case, it involves spending out my Bitcoin. Even with fiat, I will always think twice to spend my money on an 80%-90% discounted stuff.

Why would you cash out? Just buy enough coin to make your purchases.

for this year, of course we have to use our assets to enjoy, rather than having to sink into the situation and the falling market, it is better to cash out and spend on black Friday events or other needs.

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

Personally I'm not going to buy anything with bitcoin, I'm waiting for the boom to end at the end of the year and withdraw it. The market repeats itself same graphics fallen.

Even if someone did as you wrote, it is still unlikely to affect the price of bitcoin. To manipulate the price of such a coin requires more serious news.

For me that is not a reason why it would affect the market? The price of every coin is not depending on every shopping discount, it was depending on how many people sell or buy a coin if they panic the price will continue to drop down because many people would sell their coin and it was obvious that they can't handle any pressure it might be.

Well what if people want to give out bitcoins for christmas? The holiday season may actually cause the demand for bitcoin to increase.  You don't want to be left behind on the boat when the prices are rising.  The historic charts show that bitcoin always rises a lot towards the end of the year.

no, that in my opinion is a very stupid thing
I consider bitcoin to be my biggest asset, my future investment asset and only because black Friday I sell a loss.
I'm sure people here must have savings in the bank that they can spend on blackfriday

When I use bitcoins as a payment option, I usually just buy the amount of coins I need from the money that I would have used via Fiat and I pay with Bitcoin. I do not lose any coins in the process, because I do not use coins from my hoard.

Sometimes I replace the coins after I purchased something with bitcoins from my hoard and this price drop is ideal for that, because I am buying coins at a much lower price. <extra discount>  ;D

I will not cash out, but I will use some bitcoins, because it is safe to use for eCommerce.  ;D

that doesn't make any sense!
if you want to purchase something then do it with bitcoin, there is no reason to convert bitcoin back to fiat then using that fiat to buy stuff. and if you want to purchase with fiat then i am sure that everyone owns fiat, it is not like people invest every single dime they have in bitcoin to have to sell it to get some fiat back!!!
not to mention that with the current bitcoin discount that is going on you should be buying bitcoin instead of selling it :D

To be honest, I am a believer in the sustainable crypto ecosystem so if I am purchasing something and if I see Bitcoin as a payment option then it would be my first preference of payment method. However, cashing out the funds and spending it in fiat or any other form of currency is not romantic as a crypto lover. I would spend my crypto funds directly instead of cashing out.

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.

The exact opposite. Actually hoping there is a black Friday swan of Bitcoin items. Namely purchasing a CASA lightning node.

I usualy use Bitcoins in everyday life to make a purchase. But I don't exchange it for fiat, I have Bitcoin debit card and that makes shoping much more easier.
To exchange Bitcoin just for shoping with diacount maybe is not the most clever idea but I'm sure there will be some people who will do it.
On the other hand I always say that true value of Bitcoin is possibility to use in real life for real stuff so why not to use that.

Holders of Bitcoin have several options to use their assets. It is very possible that some have changed theirs to shop, but Black Friday is becoming more frequent these days. It is most probably FUD that could result in withdrawals.

I don't think the black friday would effect the bitcoin price in negative ways. The price has dropped already and the market showed its strenght and it seems that the price got stabilised for now. I am not sure that howmany crypto users would exchange their coins for shopping.. I believe that this is common in USA not for the other countries in the world. So the price wouldn't drop anymore i guess..

I don't think that I will cash out my bitcoin on black Friday, why? because i still believe in the end of this year the price of bitcoin will increase sharply until the beginning of 2019

Like you mate,i was thinking how a legendary member that has been in the community for more than 4 years asking this kind of question,isn’t it funny that this guy don’t know whats the capacity of  bitcoin to grow and bring profit to the investors
But to answer the question ,well i am not going to cash out just because of black friday as for me theres no reason why i should do that

What is the connection of black friday to the fall of bitcoin? Is it a superstitious belief in this industry? Well, it is nothing in my part because even there is a black friday, I would not cash out my bitcoin. I will support this coin forever specially that it gave me money during the time I need. Bitcoin will never gone because there are many people that are ready to support with it.

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.

I bought ALOT of Bitcoin at about $250 each several years ago and then got a bunch of free BitCoin Cash.  The current value is still a massive increase over what I paid for it.

The answer is to HODL.  HODL.  HODL.  Go ahead and panic sell if you want but this is not the way to go if you want to see your life stance changed if/when Bitcoin again shoots high.

How do you know that the BTC price will rise to 15,000 USD and when you expect this will happen?

Do you have reliable sources for this information?

While these debit cards are quite handy because of their much wider level of adoption, and you don't have to cash out coins to fiat yourself, you aren't actually spending your Bitcoins, but still fiat, which is important to know.

In the background the debit card provider converts your coins to fiat, then settles the payment in fiat. The only thing you see happen is that they deduct Bitcoin from your balance every time you conduct a payment.

As far as OP goes, it makes no sense to cash out anything at this stage. I mean, if you really need the funds, then do it, but the real black friday deal is the current Bitcoin price, so use fiat to buy Bitcoin instead of stuff you don't need.

I will not cash out bitcoin for black friday because this is not the right time for me to cash out all i will do now is to hold till when the price is ok for me

Yes we needbti hold bitcoin today because of its price i also did not cash out bitcoin for bleach Friday. Our patience today is needed because we need to wait for the bull run or the rising of its price. Bitcoin will soon rise and it can be more profitable if we do hold it on this dip because if we are going to cash it out we cannot benefit on it when time comes that the price will rise.

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.

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.

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

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.

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.

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.

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

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!

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.

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

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.

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.

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

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.

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

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.

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.

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.

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

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.

selling now will only give regret when the market rises again.
so it's better to wait for the market to rise first rather than selling it at a loss. I invest not for defeat but for profit.

That should be the case, the panic sellers and those who are worried about the decline in bitcoin prices are someone who is new to cryptocurrency. They make other people aware of staying patient and staying on hold when prices decline even though their hearts have deep concerns about the ongoing price decline. Because if they understand about bitcoin or cryptocurrency in a comprehensive manner then the price reduction is not an event to be lamented, but most of them will be grateful for being able to buy bitcoin at a low price.

If I haven't changed it since the beginning of the year, I doubt very much that I will change it now, I will wait until December to see what happens with the market, if conditions are favorable, probably change a little at the end of the year to do Christmas shopping, and the rest I will seek to invest again or do hodl.

No i am not going to cash out ant my funds right now, i still keep in my wallet. May be i can add some bags at Black Friday discounts:)

Some of us may cash it out but some may not due to they cannot afford to look how much it cost today to convert their bitcoin into fiat money. I would rather hodl than convert it into cash. It is not the right time to convert our bitcoin instead we should have to hold rather than cashing it out.

I don't really celebrate christmas so I won't be participating in any of these sales.  Christmas has become all about presents and material goods.  It really lost all of it's meaning because of corporate brainwashing. 

Some people think that black friday caused another bitcoin dump but I doubt this had any real effect on the price.

I have no reason to cash out just to go with the big sales from many various company ,as i have been set for long term holding,I prefer to use cash than withdrawing my precious cryptocurrency just to spend for this special season.
I can buy anything i want with cold cash so for me,theres no need to

I bought some small items during the week directly with as BTC there were some
Black Friday deals for items I was watching for a while. I like to HOLD ir HODL
Bitcoin but I also believe in its role as a currency or payment system. I most
certainly did not "Cash Out" before Black Friday.

i think that the xpenses are inevitable and most times imperative and when the need calls you would have to meet up. It means that lots of factors affect the price movements. And the market has been more or less the same as it has been the majority of this year. Also I am not aware of any Black Friday offers as yet, the market is maybe not as active as it was at this time last year.

I do not think that the fall of bitcoin is associated with this event. Why someone to sell it now to buy some goods. It's illogical. The price of bitcoin fell for another reason.

It is very stupid to spend your bitcoins to buy various goods at a discount. There's Fiat money for that. Now bitcoin should be kept, it is necessary to invest in it. It is not necessary to spend crypto without special need.

black friday does not affect the price of bitcoin to such an extent, if indeed people pursue black friday by exchanging crypto to fiat and shopping, then there should be more people who do not participate in the black friday moment to buy BTC at a cheaper price , that means the price balance will remain, even though there is black Friday this week

for sure the price drops not because of black Friday

I won't do that, may be a hard thing that I have to do now is holding. Even it is absolutely hearted.
But i am stull thankful because before black friday happen, i have sold some of my bitcoin.
It is just little coins left.
I know this situation is worried buy i still believe taht bitcoin still the best coin ever.
Even i regret for some cases of it.

The reason why bitcoin has gone through this circumstances is dependent on how people remain open to all possible aspect that price will soar or not. Don't be too excited for whatever signs it might show to us, only focus on how to save your coins needed to grow for longer terms.

I don't see the reason why i should out some bitcoins just to purchase items on Black Friday. Anyway how much discount are they offering that is so enticing that you think most people are cashing out to purchase items. the recent drop in price is as a result of the FUD that is being spread out there that bitcoin is going to collapse. This has generated a whole lot of panic and most investors are scared hence they are selling cheap to cut down their losses in case it collapses but bitcoin will not collapse.

Of course I will sell only a portion of bitcoin for me to sell as Fiat money, because my main target is to sell Bitcoin next year. But I realized when BlackFriday came I needed money to buy my life needs, especially because the price of goods sold would be very cheap when Black Friday.

My answer is no, I will keep my bitcoin and will not cash out it for black friday. The time is not good enough for me to cash out now.

Why will I do that, black friday is going to come and go. Meanwhile black friday is just for some time and lot's of good happenings might even happen during this black Friday on the crypto market even the market is not saying good this time around but still yet, bull can't be still be over ruled.

for now I will still try to hold my bitcoin assets, maybe even until the end of 2019, because I am sure that in 2019 bitcoin will experience major changes.

no it is not economical and practical. if you consider crypto assets as an investment and hoping that it will grow, then it is not right to withdraw and buy on sale stuff on black friday.

Friday, Monday or whenever you want I am not going to sell my bitcoins. No way. I prefer to wait 6 or 12 months and wait. It's so crazy to sell right now. Better to leave the market once for good

Of course, I really like the discounts and the tradition of total price reduction on Black Friday. But I still won't sell my bitcoins for this event. I have much bigger plans for him.

some investors may have the same purpose in investing but for others it might be for the happiness of his life later and I think if indeed this event is something valuable in his life then it must sell a loss for happiness which is his goal

I thinks theres nothing wrong to cash out our bitcoin on black friday as long as we can gain good profit theres nothing to worry about it,otherwise these happen of price drops of bitcoin and why people are panic now and change some of there crypto coins into fiat money,because they thinks the market is bad .

how can we earn a profit if the value's of all the cryptos are always down ?  that simply means that cashing out is a verry bad idea even if its not a black friday or whatever holiday it is  .


if you trully like the concept of this black friday but you dont like to sell your btc for fiats  , then why cant you just buy items directly online using your btc's ?  in that way , you can save some even better discounts .

if I will never withdraw the bitcoin that I have. because the price has dropped sharply. so I will lose a lot. whereas I invest just to save assets for the long term ..

Yes, this is the first year I saw this event so much larger than in previous years, and have not seen how many components will withdraw, how many calls. Withdrawing money can be quite a lot but I think there will be no impact :D.

no way! that ain't going to happen. black fridays come and go but the price of bitcoin is not as definite as black friday. if i decide to empty my bitcoin for black friday and then the price of bitcoin then gets a bullrun, who do i blame and then the black friday purchases can never be matched with teh percentage appreciation of the bullrun.

I divide some parts, because as smart people we have to be able to do financial management well. Never be tempted by a situation, look at the current situation. good management will make us feel comfortable and we will also get closer to success. Never do anything stupid and keep the investment that we have in the crypto world.

I 'm pretty sure people who bought BTC at a rate of above $12,000 will also agree with you on this ? I mean, why would Someone cash out of an investment that would result in relatively high amount of loss just to buy some items of 10-50% discount, and moreover, considering the discount wouldn't even amount to 20% of investment loss.

I agree with you, you can use cash for purchasing on Black Friday discount is big help for one shopper but using bitcoin in this occasion is not better, cause bitcoin is more value than cash.

jika melihat situasi harga pasar bitcoin hari ini, mungkin saya tertarik untuk mengambil bitcoin dan membelanjakannya pada saat black friday. setidaknya saya sedikit bahagia dengan mendapatkan barang diskon, walaupun mengalami kerugian nila aset yang cukup besar haha.

With the market situation it is not applicable to cash out your BTC.
It is more comfortable to buy more at this rate and wait for the comeback.
BTC is kindly dead for now as the market fall a lot and huge.
if you will buy now you can earn more in the near future!

Same here, it's not advisable to cash out your BTC specially for having this type of situition. It will not help the market and you might regret for it.

No need to withdraw Bitcoin to make Black Friday purchases, because the condition of the bitcoin price is not normal. In my opinion, in one or two months the price of bitcoin rises, maybe it doesn't rise dramatically. Signal increase will increase the passion of bitcoin trading, therefore hold bitcoin to wait for the increase.

If you need to sell bitcoins to buy everyday stuff (or Christmas gifts) I'd say you've put way too much money on crypto.
Much more than you can afford.
You need to be able to endure a bear market otherwise you might become completely broke

Not to mention that simply buying things with bitcoin is usually cheaper than buying them with USD, and plenty of bitcoin-accepted sites had amazing deals.
I personally bought a hardware wallet at a huge discount. And paid in BTC.
Very happy with the purchase.