Bitcoin Forum

Tomorrow is Thanksgiving in the United States, and the following day, "Black Friday", one of the biggest shopping days of the year.
Economists are busy trying to predict how much people will spend in stores and online (including "Cyber Monday" the following week- a huge online shopping day)
https://en.wikipedia.org/wiki/Black_Friday_(shopping)

"If consumers follow up Thanksgiving by spending a lot of money on Black Friday – and retailers show strong numbers – then investors might have their first indication that it is shaping up to be a particularly profitable shopping season. This confidence is reflected in the stock market. In this manner, Black Friday could be considered a leading indicator for the markets."

"Shoppers told us they plan to spend 10% more this holiday season; an average of $1,121 each."
http://www.pwc.com/us/en/retail-consumer/assets/pwc-2016-holiday-report-interactive.pdf

So, how does a strong US economy- as shown with the recent rise in the US stock market, bode for the price of Bitcoin in the coming months?

I doubt Black Friday will have much affect on the price of Bitcoin. I don't recall it ever being credited with having any significant/notable affect in past years Black Fridays even with the trend now of retailers starting their Black Friday sales earlier and online.

Last years Black Friday falls on November 27 2015 and rate at that time was $349.53 USD but a day before that it was $334.25, so that's a $15.28 USD difference however November 05 2015 rate is $425.10 so a $15 difference is not really a big deal since price dropped actually before Black Friday happened last year if we are going to base it historically.

i don't think many people are going to need money that much so that they liquidate their bitcoin to have the money to be able to purchase what they want on black Friday, so the drop part is highly unlikely.

on the other hand if there were some sort of bitcoin related black Friday meaning people could do their purchases with bitcoin and "with a big discount" that would have been a big deal for bitcoin price and it could go up big time. although i don't know if such thing exists!

I do not think that the effect on bitcoin will be big.
The stuff people buy comes usually from larger companies like amazon. And those do not have bitcoin as a payment option in most cases.
Maybe black friday will have even a small declining effect on bitcoin price.
People buy things they don't really plan to buy because they are cheap. Then there is less money available to them they can put into bitcoin.

I don't think bitcoin will effect the bitcoin price for good, as we can see from the charts the bitcoin price has been dropped a bit and I think people will spend more cash rather than buying bitcoin.

It will.  Price will drop.

Black friday is the start of the christmas shopping season in the US right?
After turkey grub on thursday, known as Thanksgiving, the people flood the shopping malls the day after to spend their money for the first christmas presents.
How many of that people may have some investment in Bitcoin and may liquidate that to buy some stuff?! Not so much I would say.Therefore I doubt it will have any significant influence on the price.

this is more just a word now i also dont think we will see price goes up for black friday maybe this just for 15$ like last two year and maybe we wont see this increase either we might just see as it is

expect to see price as it is and even for this cyber Monday is the same if some price increase comes dont expect to see it before xmas

now the fall was from $750 to $735

same thing again?

Not many merchants accept bitcoin by now so even there will be high shopping during black friday with discount i don't think there will be any impact on bitcoin price. However i am looking to grab some black friday offers from namecheap tomorrow as they also accept bitcoin.

https://www.namecheap.com/domain-hosting-ssl-deals/black-friday.aspx

On other side, 63% of Americans don't want buy on Black Friday this year ...
Why ?

Because Amazon offer -20% and reducted delivery cost at this week.  ;D

Black Friday has been spread much by Microsoft this time. Possibly by the coming year Microsoft might come with a plan to get the attention of bitcoin users who wish to buy using bitcoin. Right now only few stores accept bitcoin and amazon in collaboration with purse had developed some unique buying possibility of required products.

Yes, personally I'm not looking to spend much this year,
but that is because I already bought a new laptop I needed for work some months ago,
and I'm saving money to buy a new watch.
(I also try to save more money in general these days.)

I never really understood the appeal of sleeping outside a store to get 25% off a TV anyways.

It could alter the price a little but not a considerable drop, because most people who will buy things in this periods in fact aren't Bitcoin users and the sales and tradings aren't affected. It will be nice that this black friday has some miners with 50% of discount. This way, Btc price would be affect (at least that).

yeah. a whole new wave of users will abandon bitcoin when none of their txs are confirmed and the fees turn out to cost more than what they want to buy.

as for using bitcoin for buying stuff = dumping for fiat so expect a drop, i'd love someone to produce some evidence. i've never seen any.

I bet the price of bitcoin will surge like mad and miners will work overtime to keep up.

Note: Traders keep your coins for Black Friday!

Depends on whether companies like Overstock do special black friday deals for those who pay with bitcoin. That might pique the interest of those who have never used BTC.

I wont expect a big spike happening because the blackfriday madness. Or btc will be spent or exchanged.

I don't see a reason for Black Friday to have any affect on the price of Bitcoin. I don't think it would be connected to the retail market of the US.

It's thanks giving in united states right? i think this won't affect in price of bitcoin because thanks giving is not really connected to bitcoin or don't related on bitcoin and i don't see anyreason for black friday to affect bitcoin if black friday connected to bitcoin then theres some changes i think.

Unless most of those people who will go shopping will use bitcoin as means of payment, then I don't think it will really push the price. Most of the shoppers use credit and debit cards to shop because of the quick transactions. If even a few of the merchants that will participate in the sale would accept bitcoin as payment, we are not sure if the shoppers would even consider paying with it, especially the ones who are not too familiar with bitcoin.

Black Friday doesn't have something to do for the fluctuation of bitcoins price. But still I can see that it can contribute to the price of bitcoin if:


This is the possible way for Black Friday to have some effect for the bitcoins price.

Now the Black Friday has come, so let see what is happening in this day, But i think it doesn't matter for bitcoin that black Friday has come, still i see bitcoin price have no changing, also in many countries are no celebrate this event. But if we are talking about bitcoin. So i am confusing about it.

I was wondering about it too, blackfriday, xmas and dates like that...

On one side people trade altcoins for bitcoins to buy goods, on the other side they trade bitcoins for fiat to buy goods, so, where the price will go?

If there is a massive conversion of bitcoin to fiat money, well the price will definitely go down.  Unless there is an equivalent buy demmand to those sells then we can notice no change in price at all.  I see a drop in altcoin price and at the same time a drop in bitcoin price due to the massive selling of bitcoin.

I do not think it will have any effect on the price of bitcoin because buyers will spend using their credit cards or fiat money not bitcoin. A whale wanting to pump bitcoin so he could dump it at a higher price is the only reason I think that will cause the price to move.

I totally agree with you as traders selling some coins won't have any effect on the price.

I kinda see the effect. It goes down hill on Black Friday -.-" $730 ? man...

No effect at all, I guess. The correction is due any time soon anyway, but I wouldn't attribute it to black Friday. Simply the price went to high without any fundamentals.
We also happen to paint a double top formation on the chart for this year. What is even more scary is the lower second peak, which makes it very bearish in the interpretation.

i do understand that some people always be trying to connecting bitcoin price movement with the things that will happening such as Black Friday or something else but if those things only happened at particular countries i'm pretty sure that wouldn't have any good effect or bad effect for bitcoin and i don't think American people will shopping on Black Friday using bitcoin and seems they really do not care about that and the recent proof now that there is no big pump or big dump today

i think it will give some effect for the bitcoin price but i don't will it be down or up, but if i take a look on november until december last year, the price of bitcoin is getting down for first but after january, the price is going up. so for this year, i am not sure what will happen with Black Friday, Christmas, and new year. i hope that the price will be increase.

From $740 USD yesterday November 24 down to $735 USD November 25 and now is Black Friday in the US so I guess this confirms that there is no effect in BTC price if its Black Friday. If there is a popular product/item that will be launched on a Black Friday and can be bought exclusively using Bitcoins then there will be people buying Bitcoins and maybe that will be enough reason for BTC price to increase.

I don't think so. People go crazy about Black Friday trying to buy as much stuff as possible but I can't see how could that influence the Bitcoin price. Maybe if many, many people would exchange their Bitcoins for fiat to do the shopping. Or maybe massive buying with Bitcoins but there are no so many stores that accept Bitcoins.

I remember lat year we had sn initiative called Bitcoin Black Friday or something like that.
I don't remember much but it was service created to gather every bitcoin retailer willing to participate in Black Friday Sales.
Does anyone know if that project was successful? I guess they had no luck, because we don't see anything like it this year.

Obviously there is no correlation.

I am not sure if it was a real success, but I do remember that there was a Bitcoin black friday scam site operating where a certain amount of coins were stolen. Probably a reason of why it's not being advertised as much as was the case last year. If you do a bit research on certain Bitcoin related black friday deals, then it's a bit disappointing to be honest. No outstanding deals at all. But if I had to choose a certain site to make some black friday purchases, then I would go for purse.io as they offer a 15% discount currently.

As of now, there are no significant sign of effects of black friday. Its very stable. There are no big crash or rise of price. Right now its $730+ a piece. Nothing really happen. Maybe there are some promos big sales. But i dont see changes. I thought theres a possitive effects of black friday.

Weren't this a topic last year and the year before that?  Black Friday doesn't have any sorta effect on bitcoin, not now not ever.  There ain't no reason to.  People isn't buying stuff with bitcoin so there isn't a reason why the price should be fluctuatin'.  Is there?

Black Fridays won't make much impact upon the price of bitcoin. Possibly bitcoin as a potential currency gets more circulation among the users in US as well in the darknet marketplaces. Minor Price variation happens, but it sustain long.

actually i don't know if it will have an affect on the price of bitcoin. if it will affect the price of bitcoin im hoping it will go rise than depleting the price of the bitcoin itself hahaha. if the users of bitcoin all cashout well that's the reason the price of bitcoin will drop out . we all know the more investorrs the more bitcoin will grow.