Bitcoin Forum

So you know how they say that everything's priced in, and everyone expects BTC to skyrocket on the 27th? So I guess it's already priced in, and everyone's just waiting to "sell the news"?
What's your bet?

I don't expect a big up or down. On average the price wil be stable, unless the whales try to manipulate the price again.

Let's hope I am right people.

I think everything is happening as usual. I don't expect price actions specifically for that matter. It will be 310-340$ range. (I keep it large for errors)

That's what I think. No matter how many buyers buy extra Bitcoins to spend on Black Friday, the shops will most likely sell those Bitcoins almost immediately which will result in a stable price. The exchanges will get increased volume, but that won't increase or decrease the price, which hasn't changed much in the last week.

dude its really like a flat line if anything lol.

honestly how many of us are going to go spend our bitcoin on something this holiday? or the black friday.. I think majority are just holding then spending.. lol.

and if you do spend, its probably on a credit card.

Why would anyone expect a pump on black friday? Its not like people will wait till the day of shopping to buy their bitcoin...

The only way price would move on that day would be manipulation. Not market demand.

People want to spend their btc so price will go up, if many people buy bitcoin from the exchanges (supply vs demand).

The it goes back to original price again.

I can't see the price drastically changing on Friday, there might be a slight increase in transactions but unless people go crazy I don't think we'll see much movement.

Might have a few dollars effect (might be up or down) but nah, I expect the price to remain stable. My reasoning is that Black Friday is an event that can be foreseen (duh) so I doubt it'll have a sudden effect on value of crypto. Same thing regarding upcoming block halving, but that's another topic ...

I don't think that the price will skyrocket in this period maybe 330-340$? I doubt that the price will pass the 350$ barrier on November anyway..

I mean yeah, they already do it by buying giftcards using gyft.'

Which Imma assume if they really do want to take advantage thats what they would do, but you should see the prices already climbing and I dont see any of that lol.

Again, assuming people are doing the black friday prior to friday which most do.

LOL, who is feeding your this information.

Unless you have some inside information offcourse.

The usual step is they will be trades and the bitcoin will remain as it is.

I will use bitcoin to buy a gift this christmas ::)
It's been a long time since i buy myself a nice gift ;D
And im pretty sure im not the only one here :P

I don't think we can call it as a big dump of Bitcoins this Friday or Monday for no reason at all. If there will be a lot of spending this Friday or Monday that is because there are a lot of good opportunities to buy low priced items and I believe everyone here want's to buy an item on a discounted price.

Why skyrocket?

Unless the exchanges do black friday promotions for those who buy BTC, there will be no reason for the price to increase,

People will spend money, not invest

Make sure to buy that bitcoin back right away. Exchanges need Christmas too u kno :)

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If we spend a lot of bitcoin to buy goods and do not buy back the coins we spend, there is a chance of price drop.

Does anyone have a solid data on btc price movement around past Black Fridays?

Don't really expect it to go rocket high.That's not how really the market works.Even if the prices will go substantially high we can see it going up by units from today itself.But since it haven't I don't think its going to get affected so much in the next two days .Also if it happens it will be a great time for all the bitcoin owners to buy stuff which will have slightly expensive transaction fees than our regular trades.

Have not yet seen large premises to it. Although still subject to change but time is running out.

Crazy shopping may increase the demand but this will not pull the outside money as new people fear to buy bitcoin only to get discounted purchase on shopping. So i don't think much more will happen to bitcoin price on black friday.

i dont think that there will be any dumps in contrast i believe that people will start buying bitcoins what will result in the price growth as everyone will be interested in buyinng cheap stuff from the shops

If there will be any dumping then it is mostly due to the Bitcoins getting converted to fiat. That might be a reason for the price to go down. But I think not much will happen.

Merchants will dump, consumer will buy, so in the end the price would be the same.

I don't anticipate on a big hectic price change this black friday/cyber monday event.

I share the same opinion with you! I think that we need to chill out with our expectations that Bitcoin will go up whenever we expect it should go up and it will go down when we expect so.

I don't see anything special about this Black Friday honestly! Moreover, we had one last year as well and the Bitcoin price hasn't nudge up or down!

Speculating is nice, but the occasion should be good.

Last year nothing happened with black friday/ cyber monday. So what are the signals something will happen this year?

Because we have momentum?

We had a fluctuation of 32 $

There probably is more hope for a christmas rally than on black friday. But time passes, more and rally and did not think to come...

Who cares what the price will do.  I want to see how aggressive these merchants get with discounts.  Will show how serious they are.  If all we see is free shipping or 10% off I will be very disappointed.

You can't be sure, but I guess the price of btc will increase a bit, but not skyrocket...

It does look like it is pumping up a bit now from what it was 12 hours ago. Almost $20 more then when I checked this morning. So what else could be the cause of this.
I think it is in anticipation of the upcoming of the spending on Black Friday.  ;D

A lot of buying or stacking of Bitcoins perhaps? Is there really a lot of site's or merchants out there that will participate in this Black Friday event or this is just a hype.

If there are massive discounts, people who holds bitcoin will spend and merchant will dump. Those who do not have bitcoin will not buy bitcoin to spend because of extra discounts. It's too complicated for newbies to learn in a few days. I think bitcoin price may drop slightly but no major concern.

I usually eat an excessive amount on Thanksgiving Day so I will likely be taking a massive dump at some point on Black Friday. I imagine others like me will have big dumps as well.

As far as bitcoin is concerned, I don't see why there would be a big dump. If there is, that would be just a good a day as any for a big dump. Sure, why not. If there is a big dump, I'll be ready to buy if the price looks good.

Not a big fan of my people, I see. 

This certainly happened last November. Around this time last year, Bitcoin was around $350. After the holidays were over it plunged to $167.

This time, after we spend the bitcoin, we will have to buy it back to support the price. Otherwise, the price will drop.

yeah ,even I'm quite surprised to see its fluctuating since then.Went up and hopefully will hit the rocket high on the black friday .Anyhow I have saved some good number of coins to spend on the day!

The main difference right now is the block halving. We didn't had any one thinking about it as it was still far away back then. It will definitely not go sub $200 anymore, unless a flash crash is happening or several large exchanges get hacked and a lose a lot coins as result. If that doesn't happen, then we'll be heading up like a boss.

There price has increased from $320 to $350. If the same pattern continue's until black friday we might be an increase in the price.

Yeap!! Its going up right now and with regular intervals it will show some chances of hitting $500++.I really wish it does go high beyond $700+.Looks like the Black Friday Myth is coming true! Yay!

It's seems a good pump. Hope does not end after tomorrow  ::)

maybe we will see price more than $350 because affect black friday but i dont think we can touch $400 maybe in around $380-390

If breack 400$ and stay over there for at least a week, it could be really a good bullish signal.

I didn't expect a big movement for black friday, but it seems that today bitcoin price is increasing fast, could be possible a bump for black friday.

well before we have seen it go upto 1000 near black friday, im not sure if black friday was the reason it happened or just a coincidence.

personally i don't expect the price to go down after black fridays over. if people bought coins to spend em online, i doubt they would just say fuck it im selling the coins back.

Probably there will be some dumps but not big as you think, personally I will sell some of my bitcoins on black friday cuz I dont wanna miss the sales here on our local mall :D I can only see some minor movements on the price

I think the end result will be that we have new floor set, which will be nice to see us having an uptrend versus a downtrend of course.

Last year, the price started falling after Black Friday, and didn't stop until $166 :(

I got my hopes set for that, that doesn't happen this year, hopefully. I do expect it to fall a bit but it has also risen today for a bit. The day is not over yet so I'm expecting that if it does fall down that we can take a hit.

IMO, I would buy some extra bitcoins today not to miss some of the great bitcoin black friday deals.

It all depends on the mood of the players. If it is not spoiled bad news we may see a good rise on Black Friday ;)

Dumping of fiat? Yes.

Current price $355 is this normal or blackfriday has something to get price highs a bit

The price movement is quite odd, I would assume that most people who have fiat would be putting that to buying christmas gifts. Dumping btc etc.

Yep there is so many shopping site offers discounts and promotions to celebrate blackfriday, so there is no way theyll buy btc instead gadgets or any physical items

Well, black friday is here, I'm ready to see what happens.

Ever since I got out of bed today it went up by a couple of dollars.

Saturday is here and the price seems to be holding.
That is good for us.  :)

It seems to have stabilized, not too bad at a $350. We'll just have to see what happens next week.

the price doesnt seem to fall a lot right now lets hope there wont be any dumps

About 30k more transactions yesterday then a typical weekday too.

Congrats to those who believed that rate will again increase during the black friday event and buy BTC at $320 rate, you guys just earned and extra $30 per BTC. As for me I decided to be an observer only.

I know right?  Check out the rebound of the price from below $200s and now up over 50% from the lows.  Still up over 3 Million Percent since inception too.  This rebound is still in effect and the extent of the bounce will likely go much higher than most could have imagined

Lol this exactly, I've said it last week that I wouldn't expect much and would just wait out and see what would happen. Nothing much has happened so far.

Let's hope some action happen soon

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That's the best right. We came from 200. Got a lot of support @ 300.

Now the goal is set on 400 dollar. Let's see where we will be end of this year.

The black friday dump did not happen so the future is bright.

We are not out of the woods as of yet. The price has stabilised at around $350, but that does not mean we won't revisit low $300 in what remains of the year.
For now, there are no fundamental reasons, neither bitcoin positive news to fuel the next speculative leg up.

If we actually went below $200 again, it would take all of 5 minutes for it to bounce back over $300.  Bottom is in.  So sowwy to bears

OKCoin wants this party to keep going it seems, any dump will be gobbled up quickly.

Maybe it'll all just even out.
I bet the things most people spent there black Friday BTC on are made in china. China gets there profits from all the american sheep that buy chineese crap and then they buy BTC with it..

If a major dump happens even OKPay cannot gobble up the losses easily even Mt.Gox cannot do it if there where still in business.

Doesn't make much sense for a dump right now

Why not? Most of the merchants who sold goods/Digital Goods for bitcoins on black friday will want to cash out into fiat.

Black Friday is mostly for the US I suppose. Since a huge chunk of volume comes from China, even if US merchants cashed out into fiat Chinese traders will still cover for them. Overall I think we won't see an effect.

and why? they can hold like any other human, and speculate, or simply use those bitcoin to buy thing that they needed, without dumping each time

remember that the final point of bitcoin, is to be used without the need of fiat

With the market globalisation, and Bitcoin being also one part of it, I think that we may see some non-negligible effect on the price of Bitcoin. Nevertheless, the range of such movement is small, as there no further Bitcoin-important events happening. Halving is still far away ahead, and recently we didn't hear any thing either very positive or very negative to significantly move the price. That is why such a secondary (in Bitcoin terms) event as Black Friday may have some little impact on price. 

So far there doesn't seem to be much effect on the Bitcoin price. Here in Europe where I live, black friday is quite calm, not much action here as we are more interested in the Christmas time. That's when the people here go nuts on buying stuff.

Black Friday is more about the Thanksgiving Day is being celebrated in the US. This event is more Celebrated and observed in the US than Christmas season. Is there a Thanksgiving Day as well celebrated in Europe at same date?

Black friday is long over and the bitcoin price is still stable. I don't think we will see a dump after this.

Merchants dump right away, they don't wait.  Hopefully they didn't dump.  Price is up 2% from Friday.

this does not matter much as long as there is a constant demand and the for every new buyers the demand increase by few point percentage

also no one said that the merchants will dump at market price, they can sell at a slightly higher market price to take a good profit out of it if they are intelligent enough

this in the long term will increase the value

Surprise surprise, there was no big pump n sump from bitcoin black Friday.

Volume was just way too low to make a significant impact.

As far as I know, I don't think so. Black friday here in Europe is just a day for sales, they kinda copied that from the US. But there's not special holiday around this time.

Black friday give good impact on bitcoin price and price get increase a little, i don't think trader will dump price again

Big Dumps? I think that it was a little pump which is of course better that way that bitcoin was going, i see that the price has been increased and not crashed.

Where are the dumps, I still haven't seen any?! :) Me as well, all I see is a steady rise for days now!

May be bitcoin spent during black friday wasn't enough to cause the merchant dump to have much impact on the price.

Ofcourse it wasn't enough. Look at the daily volumes, do you really think so many was spent shopping using bitcoins?

Speculators were very wrong this time.

The Black Friday is just in America. The bitcoin transaction happens mainly in China. So the BF effect is very small.

not it is celebrated in other region, i see that some website were offering some huge discount in that day, so maybe this is true for china also

Yeah, Black Friday seems to be catching on in Britain - a few years ago it was usually marked by news reports about "those wacky Americans", now it's a chance to grab bargains on amazon.co.uk etc. I think there may even have been fatalities (or at least injuries...) at a British shopping mall.

The event doesn't necessarily indicate any effect on Bitcoins, as it is just limited to a single country, and BTC is possessed by many users from different countries, mainly from China...
Even if people from USA start selling their BTC just to buy something, that won't affect the price much...
Come on guys, we are in 2016 and we are still talking "dumps"???
Why not anyone see the stability of BTC???

When was black friday? What the day is today?

27 november the day after thanksgiving

We are talking on something which has already passed...
How this question relates to the price nowadays???

That was my point black friday was on November 27 and today is january, why this topic bumped up this month in spite?

Black Friday will  not has huge impact on btc price,maybe little up and down,for sure will be not sell  of after