Bitcoin Black Friday - Episode 4: A New Hope

[Amph]

i don't remember the last bitcoin black friday, there was a price increase? i think not, so why this time is so special?

in 2013 there was a huge rally but i'm sure it was not for this day

[1715022465]

1715022465

[Alley]

I would recommend people buy their coins for spending on Friday now.  Price is likely to be 1-2% higher on Friday.

[bitcoinstarter]

2 days until Black Friday hits!

Can't wait! looking forward to this.

[jaberwock]

I would recommend people buy their coins for spending on Friday now.  Price is likely to be 1-2% higher on Friday.

It is happening already, from 320 to around 330.

But I think it is just coincidence or manipulation.

Might be people without credit cards buying BTC so they can buy things or people buying abroad and trying to avoid taxes, but I doubt.

One way or another, I would expect some dump after the Friday day

[jt byte]

i don't remember the last bitcoin black friday, there was a price increase? i think not, so why this time is so special?

in 2013 there was a huge rally but i'm sure it was not for this day

Isn't this is how it is every holiday season? They raise prices and say it is a sale when in fact it is not.
But buying with BTC does have it's perks as someone mentioned about shopping abroad and not paying taxes. Which I don't do of course.

[Kakmakr]

The net affect of Black Friday on the price of Bitcoin will be this :

The hoarders will release some coins to buy some of these items and the merchants will dump it via payment processors on exchanges to convert it to fiat. The supply of Bitcoin will increase and the need will be the same. This will push the price downwards.

After Black Friday, we will see a significant price drop. My guess would be at least $50 - $80.

We've never really seen a price drop due to increased sales.

Some merchants hold onto the BTC, some sell the next day, some sell instantly.

The volume out tends to be spread out pretty evenly, plus a lot of people buy straight BTC to give as presents/gifts!

That is just the thing, we never know what these merchants will do. I saw in another thread that over 150 merchants will be taking part in this and possibly even new retailers like Wallmart. If this happens, you would see a massive coin dump and these new companies would not hold on to their coins. They will convert everything to fiat and the price will drop. ^hmf^

[btckold24]

I actually have some BTC to spend this year if there is any great deals.  I know walmart was advertising a bundle ps4 with unchartered for 299$ which is a pretty good deal

[ivanst776]

Will keep watching this topic, already went to the website and put my email for remind me, i hope i can spend correctly my last <1 bitcoin in real goods by this Friday.

[RealPhotoshoper]

- More focus on advertising to the Bitcoin community. This year we're going to triple our efforts to get the word out about Bitcoin Black Friday to Bitcoin consumers. Hopefully the price bump will get people ready to spend some BTC and support our merchants.
this one of update for this year,i can support this one,interesting to make more advertising about bitcoin,and i wish this all will have a straigh way. and finally can reach the year of bitcoin in 2016.

[Patatas]

Stoked to witness this event ! This is my first year of the event and quite surprised we actually have more than 2k merchants. I would like to know it there are any country specific restrictions or the shipping is provided by merchants all over the world ? Hoping the servers won't crash 

[NorrisK]

If this price increase is really due to bitcoin black friday, which I doubt, than I expect a massive drop back again after friday.

I just dont see a reason why black friday would pump bitcoin, but that might be me.

[ivanst776]

If this price increase is really due to bitcoin black friday, which I doubt, than I expect a massive drop back again after friday.

I just dont see a reason why black friday would pump bitcoin, but that might be me.

I think that most people use their fiat money/cash to buy things for this black friday, after that there are the holidays at the end of the year which i doubt people will spend their bitcoins, i am saying this because the price is not good as we want to see (at least $400-$500)

[Patatas]

If this price increase is really due to bitcoin black friday, which I doubt, than I expect a massive drop back again after friday.

I just dont see a reason why black friday would pump bitcoin, but that might be me.

If the prices were really going to get affected we would have seen some instability in the prices from today .Either going up or falling down so to expect anything could happen on the Black Friday .But since we are not seeing any possible changes don't think its going to affect the prices on Friday .

[crazyivan]

What I really hate is that most of this BF lists become available on Black Friday. People don't have enough time to prepare their strategies. I like to think about my purchases or investment decisions.

[EternalWingsofGod]

What I really hate is that most of this BF lists become available on Black Friday. People don't have enough time to prepare their strategies. I like to think about my purchases or investment decisions.

Ditto, there are some stores that are doing pre-black friday deals and seem to be skipping black friday in the US according to the news, but I guess in order to be fair in Bitcoin everyone is starting off on the same start with the same list and the same limited quanties.

[Alley]

Hopefully the bitcoin black Friday sites have the merchant list and deals very well organized.  I don't want to just see a list of 2,000 merchants.  I will only have about 2 hours to spend shopping online.

[Kprawn]

What I really hate is that most of this BF lists become available on Black Friday. People don't have enough time to prepare their strategies. I like to think about my purchases or investment decisions.

I think you hit the nail on the head  with this statement... I also plan and budget way in advance before I make a big purchase decision and I shop around for the cheapest deals.

I sometimes wonder if they do this on purpose to force people to make impulsive decisions. This is one of the reasons why the USA has such a debt crisis. People are being

bombarded with aggressive marketing strategies and they buy unnecessary things on impulse. If you had time to compare prices, you could make the best decisions and you

would isolate the real deals and bargains.  

[JonHolmquist]

What I really hate is that most of this BF lists become available on Black Friday. People don't have enough time to prepare their strategies. I like to think about my purchases or investment decisions.

I think you hit the nail on the head  with this statement... I also plan and budget way in advance before I make a big purchase decision and I shop around for the cheapest deals.

I sometimes wonder if they do this on purpose to force people to make impulsive decisions. This is one of the reasons why the USA has such a debt crisis. People are being

bombarded with aggressive marketing strategies and they buy unnecessary things on impulse. If you had time to compare prices, you could make the best decisions and you

would isolate the real deals and bargains.  

The reason you see a lot of conventional Black Friday deals marketed the entire week before hand is that they need to get people physically into the stores.

A lot of the cybermonday deals aren't pre-announced.

The first year I started this event I decided it was more worthwhile to announce all the deals on the day of. It provides more of an 'event' and is much easier to promote to the mainstream media.

Anyways, that's been the number one complaint I've heard this year, so next year we'll change it up a bit.

[JonHolmquist]

>quite surprised we actually have more than 2k merchants.

There aren't 2k merchants.

.info has been spewing that number with no basis in fact.

Last year we approached something like 3-6k merchants. We had access to most of Bitpay's merchant list and contact information, we had help from *every* payment processor to reach out to merchants.

We started months before .info even registered their knockoff website.

We got 600. Total. Less than that once you got rid of the scam sites.

I'm also guessing a majority of their 'deals' this year aren't even Bitcoin exclusive.

[Patatas]

>quite surprised we actually have more than 2k merchants.

There aren't 2k merchants.

.info has been spewing that number with no basis in fact.

Last year we approached something like 3-6k merchants. We had access to most of Bitpay's merchant list and contact information, we had help from *every* payment processor to reach out to merchants.

We started months before .info even registered their knockoff website.

We got 600. Total. Less than that once you got rid of the scam sites.

I'm also guessing a majority of their 'deals' this year aren't even Bitcoin exclusive.

I just gave the number i saw on their website .The more the merchants the better chances of us getting the deals so its a good thing for us buyers.