Bitcoin Forum

Sales are everywhere. Sale on shoes, bags, shirts, gadgets and everything. Malls and shops use this technique to attract buyers, but you know what?  Do you think you've been discounted a higher price than ordinary? No. Instead of saving 20%, you spend 80% on things you dont really need. This is not economical and most of us are easily lured to it. This is what i hate about people. When there's useless trending items on sale, they buy immediately even on credit cards but if bitcoin drops, they talk negative about it. Normal mindset wants to get temporary attention. Not permanent comfort.

So it only means we should buy "what we need and not what we what". But those offering huge discounts are really playing mind games to all of us, consumers. So what I do is when I go to a mall, I just buy the things that I really wanted and then immediately get out so that I won't be tempted to get those so called "sale" items that will just sit on cabinet for a long time.

Regarding Bitcoin though, it's already a given fact, when price drops, there will be a lot of FUD's around. ;D

Thanks for the advise, I can relate to that and you help me reflect for awhile.  ;D
When you have money you will be tempted easily, it's just a way of rewarding ourselves, I also buy but maybe I'll just limit this kind.

Luckily, I don't have a credit card, if I would, I might be tempted to max out my limit, I already learn in the past that I rely on credit
and it ended me up fully max out my credit card and I was not able to pay the amount due, eventually it was settled but it's a learning experience to me.

Instead of buying things, I think it's better to think of investing, like putting our extra money on bitcoin.

I totally agree, that is the normal mindset of people they wanted to take advantage of the sale regardless of whether they need it or not. Even me before I was lured in taking advantage of the so called sale but then I learned my lesson the hard way, was able to purchase shoes at a discounted price per say I took advantage of it then when I checked it at home remove the sticker tag and found another price tag which is cheaper from what I paid for and also a friend of mine has a friend told her that sometimes items on sale are not really on sale they just put higher price tag to look like it on sale but in reality it's not on sale and they even have profits from the sale price.

Most of the discount is a "soft scam." Here is why:
- Sellers raised the price before applying the discount;
- Sellers sell obsolete or out of date products;
- Only marketing gimmicks, e.g., limited time, limited supply, misleading terms and conditions, etc.

Sales are just a way for producers and merchants to still get back the initial cost of their produce and removing the mark-up price they imposed on the said items. Normally, people would be enticed to buy things that are on sale but in reality they are just paying for the production cost of the item, nothing more. It has been instilled on the minds of people that buying during a sale saves them money, but if they don't need it and it's just another want, they basically just spent money into something still, and that's different from saving.

discount sales, I think it's a trap to spend money on items that we don't really need. discount sales prices are not entirely honest, some raise their prices first and then sell at a discounted price impresed the item it cheap. there is also a discount on goods that close to expiration date.
it's better to buy goods when you really need them. price problems can be chosen based on sort by lowest price.

Totally agree with you dude but still people are patronizing the word "sales" that why people need to understand the need and wants.
Dont fall on this kind of gimmicks or else you have a lot of money to spend on any sales but for a poor people like me I'm staying away from any sales I see in the mall or every where to avoid apending too much moneyits better to safe your fund that wasting for anything.

I am a marketer and usually shops are doing all they can to attract more patrons and sales. Here in my country, we have the Midnight Sales which usually attracted throng of people who are buying things they don't need all because they wanted to save money. Since I am aware of the danger of letting myself indulge with those sales without regard as to my real need, I shy away from those marketing tactics but sadly many people can easily be swayed by the message broadcasted into them by all means available including social media. There is nothing wrong with looking for ways to save money but we should always logic in doing so. Otherwise this can reflect on our economic position. Now, instead of wasting money on products we don't really need, investing some into stocks, gold, T-bills and yes of course cryptocurrency can help a lot for our economic survival and prosperity.

Yes, a lot of those store sales are fake.  What they do is raise the regular price and pretend like it is %50 off or something.  There is a funny part from the movie, You Don't Mess with the Zohan where the electronics store has a "going out of business" sign because it brings in more customers fooling them into thinking their prices are really cheap.

Sometimes the discounted goods that you buy despite not in need of them are more expensive than when you go to regular sales places. Those are market strategy, of course you could see high powered light and illumination everywhere, air conditioned atmosphere  ;D

The desire to buy varies from one to another and may turn out to be a disease for many people. You can not blame them. Many people always try to get everything. It's not about saving offers, but about the incentives your brain gives you when you buy.
The best solution is to stimulate your brain to interact with the free stuff (sports, learning, family activities) so you do not look for unneeded stuff.

Well,I wouldn't compare a digital financial asset like bitcoin with a pair of shoes. ;D
Discounts are a pretty common marketing trick and many people are addicted to shopping.They get dopamine in their brains when it purchase stuff(even if they don't need that stuff).
Buying bitcoin is completely different.It's a long term investment decision.

to be honest Lazada shop was an idiot marketplace, first time i use Lazada i found so many items with discount around 20-30% but the funny things the price more expensive 20-30% than other marketplaces. So basically they make a discount offer but the price just the same as other marketplaces without discount, if you want to buy some item sale better to compare first each marketplace or store before making a purchase just do a survey price first.

Most of the products with the following criteria will get discount sale.

-When a product get very old and it will be replaced by a new product by the same manufacturer,so the discount will be given from the manufacture side.
-For clothing they sale for the original ppice at the discounted sale means they lied about the previous price.

Most product not have real discount, only some of them have, but i agree we only should buy what we need and not every thing we see on "discount", because only maybe on this way we will have real discount.

You've got this 100% correct IMO, and I think when I read Warren Buffett's biography I remember something being said exactly like this.  If a good-quality laptop drops in price 20%, everybody buys it until they're all gone.  But if a stock with good prospects and a nice dividend drops 20% in price, everyone runs away from it. 

It's the bizarre logic of investing, but this is why you have to buy low and sell high.  The part I bolded is the toughest thing to do for people, because we tend to think if an investment has dropped a significant amount, it's going to keep on dropping--but it rarely does. 

Your post makes no sense and misses the point of the OP anyway. 

Of course because tangible and intangible products are different things. People immediately buy trending and tangible items because they saw and sure to that items unlike in bitcoin which is digital and intagible that they can't touch or even see in real products or items. They have fear and doubt in bitcoin because of volatility but they didn't know that they can make profit's from it than buying those trending sale items.

I totally agree with you. Most of the time, we're like blindfolded with the truth because we're deceived by the trend. We focus on what's in and sometimes don't do our own research and just listen to what other people are buying. Sometimes, the trend could confuse us. Even with crypto, negative things and fake news could mislead us so we should not follow the trend because it will just confuse us.

Majority of the people are fooled with this promotional/marketing strategy the businessmen do. It is because people buy with emotions and justify their logic. It doesn't matter if it's on the sale and there is no point to panic-buying it. It's just that the people were raised to become attracted to it.

This is the simple logic to break this mindset. Imagine an iPhone with a 20% discount. 20% discount is big enough to consider. However, it is very simple that you will be spending your money over a phone that you don't necessarily need. You have to make sure to manage your financial expenses so you won't end up with your disappointments and regrets.

You may find products with a good price, but considering the marketing campaign behind every sale, mostly is manipulation of the customer.

This is the reality of life which always we will see daily when discounts prize announce on shopping malls or on online shops then people will starting to buy the items which actually not will always be usefull for them because usually people will realize the things were their buys useless after bought it at home and this marketing strategies always be working well and everybody knows about that

I know how you feel but i would like to ask you.Do all people aware on bitcoins existence? No theyre not and besides its their money after all.
It might look dumb for you but you dont have the right to stop people on buying things they do like but you do have actually the point when it comes to those
sale thing.Its attractive but those arent really giving you out the advantage.They are still selling it on profit.

Personally, i am really interested in buying the things which on sale- i buy the things on sale like a maniac! . However, rarely do i make negative talk on bitcoin or any other cryptocurrencies when it have a falling. Honestly, it depends on each person inherent mindset, i mean that it's not really a person who buy on sale will both talk negatively on bitcoin drop, but it's up to every one thinking as well as their mindset. I think buying something on a discount price helps me a lot, because actually i buy what is in need quickly and on my control of money, it simultaneously bring me and both seller benefit. If one grow negative emotion on bitcoin, no matter what he does, he may still lead bad emotion as well as bad talk on it; till he himselt can get rid of these negative thinking.

You hit the right spot.

It is cheap so we buy it. But actually that is the real price of it. They are just overpricing everyday for the market to not fell.
This happens mostly to those items that are in stock for like years. They want to at least recover ROI and of course they will have it. Only those with bad colors which will be left there.
But still they will get the money that they want.

Why is it that one of the most important discovery (bitcoin) is being stomped to the ground? Why dont we ask our governments.  ;D
Oh, also add the banks.

Just a lil bit of typo error here -  "what we need and not what we want"  ;)

This is also the reason why I seldom roam around the mall, because if I see sale I will be tempted to buy something. And also, most of the time those we bought ended up being used maybe one or twice a year, so it is really not worth buying unnecessary things.

This is what the financial coach I've been following said as well, 'if there's a sale you are never discounted'. This is so true,

It's a sales strategy that buyers are attracted because we believe that it's discounted. I'm that kind of person that isn't even bothering to rush when there's a sale in the nearby mall. But you can't hate people because they are like that, it's their hard earned money so they can do whatever they want with that. Go on sale, spend it recklessly and realize later that they don't even need that product.

They give a discount after they increase the price so they will get more profit from the product.
I've seen that in every malls and shop in here and sometimes I don't want to buy at that discount, sometimes I  bought when the discount is not too big so I can see the real discount.
I don't think that buy something using a credit card will be good because I am worried about the fee inside the card and I prefer to use fiat than a credit card.

We buy it even though we don't need it to treat our self,
We work hard to earn money don't can't we at least deserve to treat our selve's?
To enjoy what we have done to enjoy what we get from work.
And it is true mostly those discounted item aren't really discounted because even if they put up a discount on it they are still getting profit.

Well, people have their different perspective in terms of reward for doing the hard work. What OP trying to say is that if you really don't need it please do not buy it because it will just gonna stay untouched in your room or something. You just bought it because you see a discount but it has nothing to do with you too.

So for me, i don't really buy those things that don't have a use in me because it will gonna stay in the room for a while. I'd rather buy those things that i really wanted immediately than those things that don't have any use to me.

We are panic buying whenever we see some sale items. We unexpectedly buying things that we don't really need in everyday life. Just like with bitcoin, we tend to panic buy when there is small dumps and never realized that there will be another big dump coming. Anyway, I appreciate your advice to us here who are struggling buying unnecessary things for living.

  Too much attaching by buying bitcoin on a quick dump is just a trap and could lead repent decision that everyone could make when we are eager and desperate to earn quickly. In this scenario, we have to be wise and peruse every content of how does the market phase explode and to evade from loses and repentances.

A very valid point! In MBA education, this particular consumer behavior is linked to a lot of things. One of these things is, pleasure principle. If you have taken a marketing class, you may be aware of it. Using discounts is a way of creating a sense of urgency in the consumer's mind. That's why people end up buying useless things!

But the same doesn't apply on bitcoin or any other decentralized assets because there is authorised party available who would market bitcoin in a similar way! For cryptos, it comes from knowledge and peer interaction. Can't reall compare these two!

Indeed like that, in fact, we buy things that we don't really need, especially if we have more money, I've read things like this in some self control management books. And one of the precautions is that you must have money planning, whether for investment or some things that we really need for the future. Some books that I read about psychology where humans tend to have more adrenaline when discussing the negative side and fear of losing attention.

if you need to book your expenses each month, at first it is difficult to control, but with bookkeeping expenses, we can sort the items needed with goods that only comply with the wishes

It will get to a time where bitcoin will have attained a high degree of trust from the community and they will have no choice then to accept it as the only currency with an unstable value and having it own unique value which is base on a volatile technique. I agree that in most times we buy what we don't really need bit we complains on things we can't control.

I regret all the things that I bought last year and the year before. Gadgets, like apple that priced so high and yet it isn't what I needed, but it happened already. Now all the things that comes up of my mind are the things what I needed most. I am thinking of buying our own house if I had the money and soon a car for us to go everywhere we want. I limited my spend with shoes already, and instead I buy crypto currencies mainly Bitcoin. Lessons have been learned.

There are two kinds of people here,rich and poor and both have different mindset which decide their economical status as of now.We need to have more assets than our liabilities and that is the only way we can afford to buy anythings at later period of our life.

LOL, this is called marketing strategy, the sales price is the actual price the retailer wishes to sell the product and whatever they add as it as extra is just a figure picked at random and not part of what makes up the price.

You know we are dealing with humans and for you to get attention of humans sometimes is quite stressful and really tasking, so one have to device lots of strategies. This is why we see that some exchanges too do inflate their volume in order to gain attention. This also happen in the ICO too. All those bonuses they give, all those hardcap and softcap quoted, aren’t they inflated?

Good point and I agree with you in most part, but when is Bitcoin on sale for example, for most people it seems to them that they lose Dollar value because of holding Bitcoin, people do not like to lose. But that sale on Bitcoin would not be permanently, and their value will rise again, which will cause FOMO in these same people.

That is right, we just have to walk to any mall with the intention of buying what we need and not based on sales or promo because that is still the price we will get them anytime the need arise. It is not only mall that plays mind game with us.

This game is virtually played everywhere, this is what they use in deceiving people also buying these expensive cars and houses making them believe that the material used is one in a million that has something so spectacular which makes it over expensive. That is the world we leave in, we just have to learn how to be smart in the way we spend.

Dont mind about the negative thing that people said, you can't stop people's mouth, when the price go high they will say that bitcoin ia too expensive when its cheap then they will say bitcoin is cheap things, and the funny part a lot of people buy bitcoin when its high, when it's cheap people will wait and wait for another dip

That is the normal thing when there was a sales, like recent mall sales here in my country their parking slots are full for the 20% discount. Most of the time people are focused on what can make them happy and sustain their wants and not the need.

lol ;D, indeed that is human nature where they are often difficult to control themselves and so am me personally. In my opinion, this is because their trust in Bitcoin is still gray and only goes with the flow and does not have a real mindset that is in accordance with what they get from the results they seek information and knowledge about bitcoin.

I don't really look at these sales by malls and known store around because you think they are cheap but they are even selling less quality products. Many people who patronize them do so because of class. They want you to see and believe they have arrived in the society.

True! I'm also not a fan of sale. I discovered it before in a nearby mall when I happened to passed by a boutique. I saw a very good sandals. The day after that day was on sale so I said on self that I'll wait until tomorrow to buy that stuff. But instead of marking down, it's price even got higher. Sales are just bluff and trap. They are riding the mentality of many people that even if they do not need, as long as it's on sale, they'll surely buy it. Buy only what you need, not what is just on sale, otherwise you'll end up selling it soon.

For me not interested in discounted items, what else in malls and supermarkets, discounted goods do not guarantee their authenticity, instead make people who are not used when buying it, I am more interested in new authenticity, like shoes etc.

True it wouldn't be a discount for yourself if you don't really need to spend for it on the first place,
This is why poor people stays poor because we couldn't control our self on spending on something that we don't really need.
While other are spending their money wisely and only buy what they need they don't over spend I am not talking about those crazy super rich person but those person who have nothing that become rich because of they could control their self.

I do not know how about other countries, but in my country discounts are never so easily justified. I can always try and find the same thing elsewhere without a discount at the same price. In my opinion, discounts are only a marketing ploy. Yes, I understand that there are seasonal discounts, but anyway it is always a manipulation.

Do not generalize as if everyone is breaking their back to buy on Mall sales. There are some who are financially wise. And I see more and more of them. They may not be investing in bitcoin but they have investments on other things. You cannot force your idea to invest in bitcoin on anyone, even if bitcoin price is low.

fully we must have strong self-confidence to be able to decide when to buy and resell. if we are affected by negative things from other people, until whenever we will not get what we expect because we cannot take advantage of the opportunity

Another approach is have you ever checked prices on stuff that are on "sale" before the sale happened? I have previously seen a big amount of "black Friday" prices that have been put on some database and they compared the prices when the black Friday happens and you get to see that whenever they say discounts were like 50%+ it was mostly like 10% or 20% at best.

I have ever seen one where the price was higher than previously stated but they claimed 25% discount. So, you see even if you think you are buying something you do not need because of the sale, the worst part is you are not even paying that much lower than advertised neither, they are just lying to you about discount while not putting that much discount on it at all. This goes way deeper than it seems on the surface.

   I am so habituated for sales. Sales are every where, they became as something usual already.
   Everyday a shop or supermarket has something with discount and I make my shopping list to save as much as I can. I even delay to buy furniture I like to buy it on sale.
   Honestly I'm tired to live such life. Hope crypto currencies will help me one day just go to shopping and take everything I want without paying attention on its price.

You are only looking on a tree not the whole forest. Totally looking on a one side.

Clearly in your example, you didn't see that "sales" at some point are true and helpful. It's just that you didn't noticed it and began to take the whole in general. If you are the one who managed spendings in your household, you will actually compared what are those things who put on sh*t sale or not. I even got lots of useful products in a cheap price during sale as I know the average retail price on those.

Now pointing to bitcoin, I don't see how it was related. The comparison is not making sense.

You can't just push people to buy bitcoin if it's out of their interest.

Actually the discount price is a marketing strategy that has become common knowledge in the community and many people know that the actual price is open like that even more than the discount price but there are still many who are tempted by this, but this is the right of the seller itself and  Unlike Bitcoin, Bitcoin is not like that because Bitcoin is embracing a blockchain site that is not the same as an ordinary marketing system

I strongly agree with subtle deception with discounts everywhere because most people talk about the secrets of playable prices and discounted words to deceive someone into what is happening, so there is nothing wrong with how smart we are at managing expenses so you don't buy what you really don't need for a long time, all stores have their own strategies.

discounts are made to attract the attention of customers. with attractive discounts, it can change the psychology of a person who had no intention of buying, so he thought of buying it, even though the item was not needed yet, this strategy was very much found like today in the month of Ramadan

Indeed, many discount promotions on a large scale but it turns out they raise the price first and then they give a discount as if the price is cheap from the previous price, but actually it is a normal price manipulated to attract consumers' attention, this is where the community starts consumptive because buying goods is indeed not a priority for actual needs.

It's a marketing strategy, it attracts customer when it said that the product were on sale. Sometimes it's mention to be in sale but it's really the price and does still give profit for the owner. Buy when you need it and seems you can have profit after while.

There is no problem when buying goods if there is a sale as long as it does not compromise the expenses you needed daily. Anyways, how does this issue connect to cryptocurrency?

This is "manipulations of the mind" we are all guilty of this as business men and women. I have worked in a boutique were this type of increasing price before " discount sales" happened. Some time my boss will double the  price of the goods before sending massage to people on sales.
Bitcoin discounting is quite different from the goods discounting and when bitcoin is discounting it is a transparent process unlike our normal sales.

I am happy we are in economics section and virtually all of us here have idea about economics which is why an economist will tell you that Human wants are insatiable, and this is what drives us to doing lots of things we do in order to get comfort.

People will always have their own opinion and different view of things, we have our own separate life and we should not be watching what people say to live our life, we should just do the things we do just because it makes us happy, if the price of bitcoin is comfortable for us, we buy and if it is too expensive, we leave it, our decision should be based on what our mind tells us and not what people say.

It takes self discipline to tame one's emotion and to avoid  buying liabilities which in the long run could lead to ruining one's financial stability and realized we have left important matters for useless trending stuffs that have no real value in the long run.

Sales are their strategies to earn or sell the things that are not that popular with its normal price. It is true though that there are some items on the sale that is much higher than it's normal price but not all of the stores are doing such a thing. For example, I've set my eyes on an item for months in a store and I thought that it will be bought quickly since for me it is a great painting. But while time passes, it is not been taken by anyone so I consider myself lucky and at that time, they start to put a discount on it, so lucky indeed.

I think everyone has their own way of thinking and a way of life. we are people who strive to make money and they are fashion lovers. We cannot compare with them.
But anyway, we still act for a good future, we will deserve a good future. Those who waste money will not have a rich future. ;D

Only economically wise have their own mindset regarding with this statement. As an educator, I always say to my student that being a rich did not see in a clothe or gadgets you have. Because, all of that are just a liability and not a true asset. What we need to do is to save and invest money for future use. A society is dynamic, we should not settle ourselves with the trend but we need to cope to our mind that investment is our future.

right. But there are a lot of people who are ignorant of the market and they think they have bought a great item at a cheap price.
Electronic sales websites have a lot of discount types like that and it really makes me feel uncomfortable.
They are inadvertently pushing the price of the product up at very high prices.

if you lose a lot of money because you're tempted by a "discount item" it's your fault. you are tempted because of the many bonuses from purchasing tokens that you have even though they are worthless and the bonuses or discounts you get are not useful.

Discount will be their secret weapons to attract more buyer to come and buy their product. Realize or not, our life is full with discount and sometimes, that make us confuse to choose the product that has a good discount. And related to the market, if we are in the bear market, then we get so big discount because every coin has to get down and we can buy at a low price.

That's right, sometimes discounts or discounts will only result in waste of funds just for unnecessary things, and so in the crypto world like some ICOs that offer big bonuses but lead to fraud.

Same experience yet i previously worked on a shop where making some sales out of manipulated original price which lured up people to buy if they do saw those % sales off.
This is indeed manipulation of the mind and for those people who arent aware with these things will most likely end up on purchasing things which arent really needed.

I think it's pretty normal:
When goods prices go down people will like it, as they can buy more with less;
When btc price goes down they will complain, as their btcs (money) will buy less things.

The only people who like cheap bitcoin are those who didn't enter the market yet, or that are ready to invest more.

I agree with you. I used to be fooled by sales before but I have learned my lesson. I have found out that their sale items have the same value as its original price. Since then, I never believed in sales anymore. Better buy with current and original price than to be fooled and deceived.

sellers will do anything to make what they sell sold out, I know that and I never really believe what they say, even if I go to the mall I only buy the items I need, and I leave the others, right now there are lots of people who sell by doing various kinds of methods like ICO, STO, and IEO, don't be tempted by what they say because it will only make us confused, we only need to buy good and real products.

Many are doing that strategy. Yet many people are still deceive by this marketing strategy. Though there are really good deals that you can find. But, it is always better to buy what you need and not what you want. We will just waste our money for items that will clutter our home.

it's true that such a mindset isn't good, buying things that we don't need only makes the whole house full

I see this strategy targeting many housewives, such as walking to the mall and seeing big discounts, so they will be interested, and forget about the main destination to the mall. so that finally it seems as if you are buying less needed items

LOL. I think it is still in one way or the other elated if we connect it to ICO. I know the post doesn’t have much relation with crypto but I think in this regard, we can relate It to presale. Presale is just similar to what most malls do here too.

They reduce price making investors believe that they are buying at discounted rate meanwhile they are not, whatever discount they initially give to the investors is the original value the ICO would have had, so we should not get lost in this presale of a thing because eventually in the long run, many people still end up buying at a price cheaper than what was sold at presale when it hit an exchange.

i personally have never been interested in sales that have a discount, how much the discount given is just a manipulation or game for those who in essence the item does not really have a low selling value and it is just a charm for consumers. the manipulation or game sales system in any market has become normal and i just don't want to be a FOMO

Nice analogy! 
 You made a good point.  I think why people behave differently with bitcoin is due to  uncertainty. If bitcoin price volatility is predictable, I am sure most people will buy whenever the price goes down

I think the discount that is on the sales system is just a formality to attract consumers, it is only a trick for the seller to make a profit on items that may not sell well

I don't think anyone knows where the price will be on the market. let alone bitcoin, we know that forex is volatile smaller, but it's still hard to guess, especially bitcoin. but that is the main attraction actually

They always use a discount to attract more customers, and I am sure that they make a lot of profit by doing that. We cannot know how much their profit but one thing that we know that people will always interest with the name of a discount and they will try to get the product. But if we talk related to bitcoin, then the discount will only apply when the price is down deeper than the price now and reach the bottom price for a while.

I'm not really the kind of person that is interested in discounts or whatsoever, they don't attract me when I see stores offering a discount. I only go for what I need and if luckily for me that they are also offering a discount for what I need, then that's good.

For me to be attracted by discount sale, then it has to be something I think would be worth it, maybe cause I believe I'm going to need in the near future and the price is down, then nice I would go for it. When I go to malls sometimes I see people rushing products that are discount, I can't even do that sh#t, fighting over stuffs that I can buy even without a discount, nah I wouldn't be interested.

I know we have lots of companies that plays this mindset game with consumers which is I see as if they are just basically cheating them and falsifying the real value of the product but at the same time, we cannot completely over look sales, it depends of the time of sales it is.

We have some products that they will genuinely slash the price because it has stayed too long in the market. So instead of tying the products down there and being rigid about the price, they will force it down to be able to take it off the market for them to use the fund to invest in another high demand product.

Take for example, fashion now, we know that fashion do go out of stock, and if you don’t sell a design finish while the trend is still on, you may end of not being able to sell it again which will make it call for sales In other to dispose it off the market.

Stores have gotten customer spending down to a science.  They even analyze what music to play in the store to make you spend more.  Every item placed in the store is meticulously planned out for maximum profit.  Most of the junk you buy from department stores is way overpriced anyways.

I think it might be human nature, when people hear discounts everywhere they buy things that are not necessary ... and should when BTC drops or hears bad news don't easily panic and be provoked

I think sale could be used for your own good as well. My dad is kind of person who follows each and every sale everywhere, not because he will buy something useless because of the discount but because he already has something in his mind to buy but only buys it when its on sale. There are people like that who follow on discounts all the time, my father wants to buy a new shoe? Does he have any style or brand in his mind?

Well, he checks out the websites (or local shop if its possible) and usually selects 3-5 shoes that interests him but doesn't buy until they are out of fashion or no longer brand new on the window and goes back of the shop and gets discounts and all that and buys it afterwards. This works on all products hell even foods too, he usually buys wholesale on food to get a discount, your rice will not go bad so why not buy insane amount of rice when its on sale? It will always be profitable.

If bitcoin fells, I think that is a good opportunity to invest again. We should not be negative and look at another angle of that certain change. Dump is not always negative, it depends on how you will be able to make that dump an advantage to you and your investments.

If that is happening to BTC, then I am sure that many people will start to buy bitcoin at a low price because they will never see the opportunity in the future. As long as they can buy at a low price, they will be smiling to see bitcoin price increases today so they can sell some amount of bitcoin to take their profit and take their money back. But it will be good if they still hold until the price can increase more than $8500.

absolutely right, dump are not always negative at least when prices go down in time to buy and wait for the return to rise

I don't usually believe in sales because it's just a low-key scam. Some of the prices are just higher than the original price of an item. This kind of scam was probably implemented in shopping malls where we can buy luxuries. Sales are not usually implemented on necessities because we need it in our daily life but it's very effective to have sales in luxury items.


Yes, dump is not always a bad thing, it can be a good thing when it's the highest peak value.

Don't get lured easily sale is everywhere but we should know what our needs and wants and must know how to determine the difference.
I always find time to relax especially by roaming in the mall and I can see lots of sale but I am no interested anymore.
When I started investing in crypto, it help me change my mentality, which is to save more and spend less, and with more savings, investing in possible.

No, it's not, it is just that most shopaholic if saw a discounted price would rather buy everything that they don't want just because they saw the discounted price. If you are really a risk taker then you wouldn't be spending money on the things that you won't need but rather invest it to actually gain a profit. And that's how businessmen do.

That's true discounts on shopping malls about t-shirts, gadgets etc are great way to scam people to buy their products in more expensive price but low quality. People need to learn this thing and be careful on how they spend their hard earn money with their day job or in crypto.

We should manage our fund based on our need. So we only buy something because we need it and not based the cheap price of it. It eill be good for us if we make priority scale before buy something. We also can apply priority scale in bitcoun investment. For example, we have enough fund to invest in various cryptocurrency but we realize that people attention now is on bitcoin because the price is rise and most of altcoin price is decrease or stable. so we can buy bitcoin as much as we can then sell it at hogher ptice then we can buy altcoin as we want. This is wise strategy.

Actually not all of the time, most of the products that tend to use a real discounts are those have expiry date that are less than 1 month so it's applicable to perishable goods but those non-perishable goods are always doing this kind of thing if their specific items are not selling enough so they choose to give it a big discount, SALE is deceiving if you don't know what you are buying but still you can believe on it if you know the real prices of goods on sale.

Most of this sales discount are not really discount if u take good look at ot from an economic point of view.  Most of these companies usually sell at a high price by the time price is slashed down by some percentage it becomes the real price of the goods they claim to have discount on it

Right mate .  +1 for this  .  
That is also what i think of  . they put discount and put slash on the price to make it more appealing to the buyers/investors but its actually thier marketing strategy .

But i think some sales are legit . they want to sell it for a lower cost so that that they can still earn some profit or the product will expire if not consume if ever they wont sell it  .

I think you are right in 99% of cases, but sometimes, and this applies primarily to the most expensive shops such as Dolce & Gabbana and Gucci, you can buy there a piece of clothes there with 90% discount, and it will cost you the same or even less than your regular shirt, but the quality of fabric will be so much better, you can't even imagine. I'm intentionally talking about fabric because I don't buy that "great design" shit and all, rich people so passionate about. And I'm not fantasizing either. My family, being far from a rich one, literally survived for some years because of such discounts in expensive shops. I mean, it's easier to find a job when you come on interview in Gucci or D&G, you know.

Sometimes the stores selling those products might stick a promo design but sell with the same prices as before and even I have experienced this at many supermarkets for even groceries.So this is just a tactic to make us to buy that thing.

You can see the same strategies for many products on amazon.

Mostly  we see shops offers 50% discounts on clothes , shoes or other items which in fact is about only 10 to 20% discounts. Shops tends to increase the prices by 20 to 30% and then lower them making them look it is a big 50% discount but in reality it is not.
Secondly most sale items are old fashioned which is hard to sale and shops/companies put them on sale to get rid of them in slightly less profits.

could not agree more dont know how many times i spend money on games on the steam sales just becuse they are so cheap, and never actually playing them have a bunch of games in my libary. Wish i spend those money on sale items on btc on all the dips instead, atleast they would have been used for something good that way.

We are indeed mocked by discounted products so that without control we can afford to buy them. But we must be able to choose needs that we really need to be able to avoid waste, such as choosing coins. Coins that have quality and potential are worthy of us. That must be wise with what we need and ignore good discounts for needs that we don't need.

purchases when prices go down are indeed more profitable, but indeed we must be able to find potential coins. will be an item that is not useful if the goods we buy cannot develop, resulting in a loss of funds and loss of time

Discount is bad if we are a consumers, but if we are a reseller or suppliers then discount is much valuable thing. It's same with trading cryptocurrency, if you don't know what it is for and decide to buy it then you will be just wasting money but if you know the price will be high after you get discount you can make profit from it (by selling what you have bought).

This is the method that most producers use to attract consumers, from the wholesale price to retail price. The wholesale price is the actual price of the product while the retail price is just a number that is being created through their imagination, but this practices is really what we can’t stop, sales happens everywhere to attract customer but the good thing about sales is that they are not imposing it on anyone, it is left for the person who saw the sales to fall for It or not.

For bitcoin, I sometimes love it when people panic because that is my own sales point, once the price drops, I take advantage of it to trade, so I don’t encourage people not to panic sell.

I've noticed that in many cases the products they are selling on sale are of very bad quality. No one should buy those products at any price, discount or not. Also many stores cheat you with numbers. They attach a price tag with, say, $20, on an item that should actually cost $9, and then trying to sell it to you for $10 saying it's 50% discount. Be wary of that cheating technique.

But there are positive sides of sales, about which I said in my post above. Read it, I hope it can be helpful for you too since it has been helpful for me for years.

This is actually the concept of sales but you should trust human being, people have turned that concept now into making end users get attracted and buy products that are not even worth being on sales.

I know sales use to work for products that are overstock and the type you mentioned, which usually companies just do that to get their capital back and let go off the profit, but this is not the case for most sales we have now. Well, I am too knowledgeable about this to be deceived, that is why I even prefer to go to market where I can price the item I am buying and not a mall that has fixed prices already.

sometimes we trapped with discount given from market.many investors attracted by huge discount in private sale or seed round.if we conscious it has negative effect in market.contributor will dumped their bonus in market and it could make other investors that get low discount panic.

That is the art of marketing mate. I've been an employee at a fashion shop, they sell at the same price but with the tag line "sale" or "discount" it will surely attracts more buyers and buyers will buy more. thats will hypnotized people get cheaper prices for items they don't need

When we always see a Sale on malls, stores or any products we can't prevent to have an urge to try it or at least to take a glance on it. But let's dont be deceive it at all times because businessmen are wise. We might say we get a discount from it but bare in mind that the price is not free. Let say for an instance, if you buy 1pair of shoes at 80 dollars and you will have a free pair of shoes. If you're going to buy it in ordinary days it will cost 50 dollars. One pair may be enough for us but think how the word sale manipulated our selves. Well, we are humans.

I believe discount is a way of marketing to attract buyers so i do think there is no problem in it. Well talking about bitcoin i do think word of mouth is really have a big impact on the price and how people think about bitcoin.

some people sometimes talk about bitcoin not only from the good side, but sometimes they talk about the bad side of bitcoin and make bitcoin become not trusted anymore, there are even people who use bitcoin as a crime to others.

everyone will be tempted to see a discount of 50-80% because this is humane ... after 1 week has passed, the price is lower :v

I never consider dump of price as negative because for me this is a chance to buy some coins at the lowest price, it is only because of volatility which give us more chances to the same coins at low price. So I use it as my strategy that I buy at cheap price and make sure to sell it on higher price at green market, now is the best time to buy some coins from market at cheap price.

The sale is only another marketing strategy known by everybody. It is true that in countries like U.K. sales are serious business (for a forged price you may lose the store) but this is not available for the rest of the world.

Discount is another trick to gain more customer to buy at the low price, but it is not in the low price because they increase the price for a little and they cut off the price and says that is a discount. That will be a marketing way to reach more profit from the customer. And yes, that is applied in every mall we see in our city, and people are like to buy a product which uses the word "discount".

The world of things actually consists of 99 percent of what we do not need. Even the essentials that many of us regularly buy - loy of him  are not necessary. The world has long gone mad in the sense that it has an inclination to buy without any measure what it does not need.

Someone told me that anything on sale that you don't need is expensive which actually made me think yeah it is because your paying for something you don't really need. Besides, sale items are not really on sale they just increase the price to look like it on sale but in reality it is not, you know business. For me, instead of spending on things that aren't really needed why not save it or invest on something else like bitcoin.

I think while still young like me, it would be better to save to prepare for the future. by having assets and financial freedom later, we will feel like we are lucky people. and I think a discount like that is just one small obstacle

I actually blame it on the rate of poverty in some countries, they are just simply t advantage of people’s predicament to exploit them, because people that really have money does not go after sales, but they go after the quality.

If you see where people are rushing those bad products, you will be surprised, there are some shoes and fashion products that I see on sales sometimes and I will say to myself that I can’t even buy this shoe for my security man and not to talk of using them myself. The sales price is just a camouflage while the real worth of the product is the actual sales price. I prefer to just go for what I want not because of sales, but because I need it and because it’s quality.

Sales might not be the same as you think but not all of us can buy things without these sales. Not all people can spend money as you can maybe. There might be some facts about what you've said but I don't think that is just that. My father is a vendor in the past and he usually told me that when a big money out of the products they sell,  he makes a special discount for people that buy his products for a long time now, like if you buy at him for 2 years, he will be  giving you a discount and  that is the reason why people wants to buy more and also invites more customers. You might not believe in it but is a marketing strategy being used.

Sale is a part of marketing to encourage consumers to buy such product. However, it will just be a limited time to avail, that is why it will not be permanent in the market. We benefit from it in some time and of course the businesses. It became unbelievable if we see it as if it doesn't exist.

You have to get it when have right time to profit. Left it half for preparing to future

Sales are always been a part of a marketing strategy where the company mostly showing a limited offers for a much cheaper value, those people who did not observed correctly will surely be encouraged and buy those stuff unknowingly that it's just a part of promotions where the company still gains benefits out from those sold products.

You can`t blame people though, people can get easily brainwashed by this marketing strategy which is SALE which really have no discount in at all. People who don`t have enough knowledge on bitcoin would easily believe many FUDs, and I`m afraid most people are.

I am the last person on earth that any company can use sales to deceive because I am also guilty of this too as I also have a mall and I know that we usually just add the figure on top of it just to lure the investors because of the mentality they have on sales. Meanwhile the original price of the product is what we still sell to them as sales price while the other one is just an inflated value and not the real value. That is why in cryptocurrency, I don’t invest because of hype because I know hype is not the real function of the project, hype is just to play with mindset of people to invest, I look deep into what the project has to offer.

it has become a common strategy used in sales and we also know that no one wants and wants the sale to suffer losses and maybe that is a strategy used by sellers

Good comparison but having a mall or store business is typically different from crypto investment but somehow they can really be differentiated.
I'm already ware with these sale modus where prices are set too high and even on sale they are still selling it on the same profit.Just take even a look
on e-commerce sites sale too which this thing is also present.

I agree.A lot of consumers are mostly lured by the word SALE and so they end up buying those things that they don't need the most.And overspend their money more than from the budget that they have set already.With bitcoin,there are numerous fuds around and if you easily believe on this without doing proper research first,you might end up losing in the end.

Not to mention that they'd sometimes raise the price just right before the sale. Sounds devious but many people fall for it, like the .99 added to the price of items.

Now let's say that the item is genuinely marked down. Just because it's on sale don't automatically mean you have to buy it. If you've already planned to buy the item anyway, then maybe you can buy it but going into sales just for the sake of bargain-hunting usually just results to unnecessary purchases. That's how women end up with multiples of a bag in different colors, etc.

Yes, sales are just tempting and luring people to buy things not really important and needed. No doubt that when we hear the word "SALE", the first thing comes in our mind is that will get a discount and buy that thing cheaper than its usual price were in fact, we're not. This "sale" thing is just one of the strategies used by the seller to tempt us to buy their products which in fact are not that needed in our life. If we got lured by these things, we tend to overspend and worse, we'll lose our money/budget for a month. Same things go in investing in bitcoin. If you keep believing in FUDs being spread here, then you'll eventually miss the chance to invest in a good time to purchase it, which we do not want to happen.

In all sales occurs the same, this is because they obey the Law of Supply-Demand, that is, if there is much demand, the price rises, when the demand lowers the supply, and obviously the news is negative, but you have to give them the true sense to this, because what not everyone knows, is that at the moment of having this news in a stage of accumulation, it is normal, because the whales take advantage of buying cheap due to the panic that is created. In these cases there may be some type of manipulation.

Sounds too common but people do still fail and easily hooked up with sales even the things or items aren't already irrelevant into their living they do still

decide to purchase it up until they do realize in the end that its completely useless or non beneficial at all.Mistakes are experiences which sooner or later
you would able to spot out your mistakes.

When I see malls posting "sale up to 50% off" my first thought is what are they up to now. One strategy that I noticed with Malls going on sale here in the Philippines is before they announce the sale, they will jack up the price to up to 30% and put a price tag on it, then a week later they will announce the sale and put a yellow tag with a discounted price. Also, if its a food that is on sale and in bulk, try to look at the expiration date.

I really think that there are no shopping malls that will give us big discounts leaving their own company suffer from small profits. Of course before they will place discounts on the items, they will surely adjust the regular amount first so that when customers check the regular price, they will be lured on how the items have drop its price and definitely buy it. Sale is not helping us to save and be economical, instead it will make us overspend our money.

You are absolutely right. People began to live better than it was about 50 years ago, when they bought what was necessary. Now, many of us are buying what they really do not need just because it is fashionable and others have it. Recently on instagram I saw a photo of a rich girl showing off a $ 20,000 bag made from some kind of rag. With such usually go homeless and collect things in them. Everyone wants to seem better and more successful than it actually is.

The producer of the bag just inflated the cost unnecessarily, these are the companies that later comes up with sales and probably slash the price of the bag from that $20k to $7k in the name of sales and people still fall for it, meanwhile the real value of the bag is not more than $5k dollars.

There is nothing we can do as long as human being remains gullible. That is why I leave my life without minding people and I don’t get pressurized by things they flaunt on social media because the value will eventually become useless in future. I only go for whatever I feel I need and quality, not the price, not the brand and not for the sales.

Actually its all about the lacking about the technology and digital currency .You were saying about shoes ,goods ,Mall etc but it all are the useful thing of real life .I think it would be perfect to say people ignoring to invest on crypto .However the lacking of the knowledge behind the crypto make lagging to them invest on this field  .I think it is the main fact them to pull back .But gradually the using of crypto as a investment are increasing and people are getting benefited from the crypto platform .

To be able to earn in crypto we must buy at sale, those days that the price drops. But still have idea or knowledge on the reason why the price drop suddenly or why it is being on sale. Some news affect the price so better know if you'll need to grab it for potential income unlike in goods and material things sales will be no meaning for such it will only cost you more to spend when invested in goods that depreciate in time.

Hehee...you nailed it buddy. Humans are one very complex "creatures" to understand. Moreover, this doesn't even end at sales alone, people actually use their money to invest in a whole lot of "useless" things and they see someone investing in Bitcoin or any other crypto as a "lunatic." Actually, I've grown to understand how to ignore all such people. Thanks for your advice anyways. It is always a good behaviour to start saving more than one spends

Sales are just lowkey scams that steal your money without knowing.
In every store, when there's a sale, they always make the price in favor of the mall so they can earn more than the usual. That's why I hate impulsive buying, they're trying to buy a lot of things on sale but they didn't know that it's overpricing. People get affected by some sale post in social media and then easily rush in to buy that thing even though it's not useful in their life. They're just retarded people for me who waste money on sales.

We cannot compare sales with bitcoin on this matter. you are comparing these two items incorrectly. In the end this is also about the needs of the moment.
And not everyone (even those who already know about crypto) knows how to enter trading. How could we judge people or force them to pick a side when they have more important needs than investing ?

In the country  where I live in, Mall-wide SALE is as constant as the rising and setting of the sun. When there is payday, malls here offer 50-70% discount on selected items. Consumers not knowing that the really did not saved at all because they were fooled into thinking that these sale items are the items that they need when actually they are not--these tings will just pile up in their homes, take up spaces in the end losing its value for nothing.

This calls for market analysis. Crypto investors must be led by market analysis based on accurate facts and figures before deciding on which coin or project to invest, when to buy, how long to hold and when to sell to make profits. There are good times to buy Bitcoin especially when  the price drops. There are also times to join new projects because a thorough research will reveal how some of these projects present great potentials and capabilities of turning out to become something huge in the future.

Sales on items and bitcoin is really different. Bitcoin is a digital currency that can be used to buy things or trade to earn profit. While items that go on sale are consumed by people.

There are two people that talks negative about bitcoin. One to spread fud so they will benefit from it. And the other one who don't know how it functions at all and the potential of blockchain tech.

I don't see anything wrong about sales. It's just people decision if they will spend compulsively during those season. If you have extra budget and a wise spender, you can buy more items during sale than a regular price.

Sales are sometimes destructive to our budgetary line. A lot of people specially ladies are amazed when their is a sale on mall. They do not think rationalize because they think that they are clever than the mall. Well, that is just like as cryptocurrency. We buy coins because we see that it is trending but when we ride already, we do not know how and when we will exit. In result, we lose a lot if the price drops. So, before using our money, think thousand times.

Often times I've seen stores raise the current price and than mark a percentage off to make it look like it is a better deal than what it really is.  Retailers can't be trusted (everything is always on sale) which is just a gimmick to get people to buy more useless junk.

Well its a human nature to be tempted to buy the things that is not necessary everytime the items are on sale because they take advantage the opportunity to buy at cheaper price.

But bitcoin is different compared on these things, because not all people are aware of bitcoin uses and what it can do to their lives once they engage themselves

That's why many people are still hesistant or ignoring bitcoin even the value is declining and a good timing to buy.

Bitcoin is different to the fact that it's an asset, a growing asset that has a hue potential in the future.
When it's on sale it doesn't mean the value in general has drop down, a sale could be because of price manipulation as well, pump and dump, and a panic.


If they will use their emotion, it will be hard for them to buy even if the price is very cheap, but if they will use their mind and make a research, for sure they will see the opportunity of the current price when on sale and that would lead to big profit when time comes it will recover.

Due to "LACK OF KNOWLEDGE" this is why they are hesitant on buying btc due to that fact unlike on buying traditional wants which are on sale
would be really be on first priority.Sale isnt actually sale but there are still lots of people who are being blinded with this basic deceiving techniques of business owners.Most of the time people got really attracted to sale at first but after i realized the whole truth behind it,i do already lost my interest.

Found this on the first page of Economics and laughed... my bank has been sending me messages since yesterday about another sale in one of their malls.  ;D

I don't see anything wrong with sales (assuming it is a true sale, not one where they mark up and then mark down goods) provided you know how you will pay for it later. Unfortunately people with low levels of discipline end up accumulating debt as they hover from one sale to another.

If there's something you NEED that is now affordable due to the sale buy it IF you have the money to pay for it now. Not tomorrow but NOW. It should be in your wallet or in your bank account if you're gonna use a card.

If you want a real sale find someone that needs to desperately sell something on craigslist because they need the cash today.  That is how you truly find things at a steep discount without getting ripped off by big box stores.

Life now is far different from 50 years before, now people live in prestige and are competing to show off what they have. Well I'm not surprised because we now live in the era of 4.0, where everyone starts to have the principle of modern life.

Discounts are indeed a common strategy that is carried out when selling, in fact they only increase the actual price and then make a reason that there is a discount. It's the same as ICO sales that provide discounts on private sales and crowd sales.

I think it's wrong to compare some products with Bitcoin.  If the price of shoes or clothing falls, then this is done in order to sell an already outdated product.  But if the price of Bitcoin has fallen, then something is wrong on the cryptocurrency market.  It seems to me that these are two different things that need to be very carefully separated.I think it's wrong to compare some products with Bitcoin.  If the price of shoes or clothing falls, then this is done in order to sell an already outdated product.  But if the price of Bitcoin has fallen, then something is wrong on the cryptocurrency market.  It seems to me that these are two different things that need to be very carefully separated.

Not really any dscount on the prices,they just create big stickers and says discounts on most of the occasions and when something is real it happened due to the fall of the raw material of that product so the decrease the prices temporarily.

Sale is a marketing technique and I have never at all believed. I have worked in a shoe store and the way we attract buyers is to do SALE (Discount), ranging from 20% to 70%... our trick is to increase the price of the item by as much as 50% then give it a 70% discount, so actually, we only give discounts of as much as 20%. the point is sale is a marketing trick.

Indeed its a marketing trick to attract consumers to bite the offer especially for the expensive items then suddenly on sale, for some of us its an opportunity to take advantage. Like in malls everytime they are announcing having sales for the particular days people are eager to go shopping. On the other side, this is opposite for bitcoin because even the price is cheap only few people are buying because they dont understand the benefits of investing and involving themselves in crypto.