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Question: Will rise or fall?
Rise - 5 (83.3%)
Fall - 1 (16.7%)
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Author Topic: Bitcoin on Black Friday  (Read 688 times)
debsin
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November 23, 2017, 04:07:43 PM
 #1

Bitcoin crashed from $1000 to $300 on black Friday four years ago
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November 23, 2017, 04:14:54 PM
 #2

Different times. At this rate it will probably float around and go up some. What we need to worry about is a crash that can hurt alts a ton.

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November 25, 2017, 11:17:02 AM
 #3

Bitcoin crashed from $1000 to $300 on black Friday four years ago

Yes,the bitcoin price crashed,but it wasn`t because of Black Fiday,it was due to the Mt.Gox hack.
Such price crash won`t happen again.
I was wondering about major merchants allowing  bitcoin purchases with big discounts around this black Friday,but i couldn`t find i single one.Unfortunately bitcoin is not a shopper-friendly digital currency.It is more like an "investor-friendly" asset. Grin  



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November 25, 2017, 11:26:15 AM
 #4

Bitcoin crashed from $1000 to $300 on black Friday four years ago

Yes,the bitcoin price crashed,but it wasn`t because of Black Fiday,it was due to the Mt.Gox hack.
Such price crash won`t happen again.
I was wondering about major merchants allowing  bitcoin purchases with big discounts around this black Friday,but i couldn`t find i single one.Unfortunately bitcoin is not a shopper-friendly digital currency.It is more like an "investor-friendly" asset. Grin  

I think that is the real tragedy. Bitcoin needs to be first and foremost a currency and then an asset for investment. It seems to me that if the situation does not change that bitcoin will turn into a bubble. It will be very sad. We got our hands the chance to be truly free. But human greed can destroy the chance.

.

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hase0278
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November 25, 2017, 11:59:33 AM
 #5

Bitcoin crashed from $1000 to $300 on black Friday four years ago
That crash has not been caused by black Friday but by other factor like what posters above said. I think a crash similar to it is possible because of operation dragonslayer but not now, bitcoin itself is not too shopper in friendly but it is investor wise. It does not choose the time of it's pump and dump, it occurs in random. Still, bitcoin needs to have cheap fees again for it to go back being shopper friendly even if it dumps now as a late sale for black Friday.

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November 25, 2017, 12:02:38 PM
 #6

Bitcoin crashed from $1000 to $300 on black Friday four years ago
Four years ago, Bitcoin is unheard of for many shoppers out there and I believe there's only a handful of merchants accepting Bitcoins as pay option unlike today, there are debit cards powered by Cryptos and merchants accepting Bitcoins. But, I doubt there will be an effect in todays Black Friday and Cyber Monday in Bitcoins price.

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November 25, 2017, 12:10:27 PM
 #7

Bitcoin crashed from $1000 to $300 on black Friday four years ago
That is four years ago, the price now reaches another all time high. It was on $8,400 and looks like unstoppable. And four years ago, bitcoin isn't still recognized by different countries and users so that made a very tiny amount on that black friday. But now, it's on the mainstream and even broadcasting together with the other currencies so this makes bitcoin totally and farther from before.


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November 25, 2017, 12:11:09 PM
 #8

four years ago the price dumped from $1000 to $300 just like you said,
but what is going on afterward ? 2 years ago the price pumped to around $400 right ?
after that what is going on with it a year ago ? the price moved to around $700.
which mean everyday and everytime the demand increasing and with the price keep increasing too.
the reason why Bitcoin dumped so hard a few years ago due to overhype and exit scam caused by Mt.Gox.
back then Bitcoin reach $1000 while the demand itself did not show any significant level,that mean also it's totally manipulated in order to get a tons of profit.
unlike now,Bitcoin already show it's usability and have a better technology and improvement compared to it a while ago.
plus the demand significantly increasing this past years,
so i believe there will be an upward movement that will lead us to another bullrun.

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November 25, 2017, 12:56:22 PM
 #9

Bitcoin crashed from $1000 to $300 on black Friday four years ago
That is four years ago, the price now reaches another all time high. It was on $8,400 and looks like unstoppable. And four years ago, bitcoin isn't still recognized by different countries and users so that made a very tiny amount on that black friday. But now, it's on the mainstream and even broadcasting together with the other currencies so this makes bitcoin totally and farther from before.
It seems to me that from the point of view of logic of the price drop of bitcoin Black Friday with good reason. On this day, many people making many expensive purchases and those who do not have enough Fiat may sell their bitcoins in order to take out a Bank loan. Perhaps, there are very few bitcoin users from the United States. In the future this may well happen.

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November 25, 2017, 01:07:33 PM
 #10

I've voted that the price will rise but that's because there was no option for the price to remain at this range.

Different times, larger market and wider acceptance. Bitcoin price will hardly ever again, if ever again at all, drop for so much in such a short time. Yes, it may drop for $1-$2k but still that leaves us with the $6k+ price. Also from my view, the price will be on the rise at almost all the times or remaining stable.


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November 25, 2017, 01:32:57 PM
 #11

I've voted that the price will rise but that's because there was no option for the price to remain at this range.

Different times, larger market and wider acceptance. Bitcoin price will hardly ever again, if ever again at all, drop for so much in such a short time. Yes, it may drop for $1-$2k but still that leaves us with the $6k+ price. Also from my view, the price will be on the rise at almost all the times or remaining stable.
As the price of bitcoin will increase, the vibration amplitude will increase. You say that for you, no matter the price difference of $ 2000. It's more money. This is only the beginning. When the price of bitcoin will be $ 20K we can deal with the fact that bitcoin will lose and purchased at the price of 1000 dollars each day. It will be a serious test for our psyche.

.

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November 25, 2017, 06:02:19 PM
 #12

Bitcoin crashed from $1000 to $300 on black Friday four years ago
That was four years ago mate when less than 1% people were using bitcoin and few were aware of it, don't compare it with today when bitcoin community is massive and growing more day by day. Check the price chart of last three days and compare it with the past, you will realize the difference and increased reliability of bitcoin today.



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1NV3ST0NM3
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November 25, 2017, 06:06:40 PM
 #13

I was surprised by the trend bitcoin showed up yesterday. Its been a long time we haven't seen a major correction in the price of bitcoin. Infact its reaching its new all time high everyday. Just after the black Friday its value has upsurged to $8500. Seems like a lot of people couldn't buy the things they wanted to.  Tongue

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November 25, 2017, 07:01:39 PM
 #14

Bitcoin crashed from $1000 to $300 on black Friday four years ago
It surely didnt crashed because of black Friday. Probably it crashed because that was the time when banks of China noticed that people started to use bitcoin and they were claiming bitcoin was "not a currency in the real meaning of the word". Thats why it crashed at the end  of 2013. Back then the things were different.

Bitcoin is not used often to buy things online so black friday is not going to offer any boost to its price. Maybe in future when bitcoin will be ready for low fees and fast transaction people will start using it to buy different things online and the price will increase more.
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November 25, 2017, 07:31:31 PM
 #15

Bitcoin crashed from $1000 to $300 on black Friday four years ago

There is a big difference between last four years and now, cause there has been lots of investors and now, bitcoin is a precious coin that cannot be thrown away for no just course. There is a rise in the price of bitcoin in this black Friday.

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November 25, 2017, 07:34:45 PM
 #16

It doesnt apply to the actual price, because probably that price had only a few billions on their total marketcap, and all the bitcoins were distributed only in a few part of the world.

Now a lot of people have bitcoins, and there are better big whales than before, and this is the reason of why it can not make more than 70% of retracement, in fact, this is impossible and would not happen again.

And why the black friday? it does not affect bitcoin because you can not purchase anything with bitcoin on eBay, amazon, because they are the only eshops that have a lot of offers during the blackfriday.


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November 25, 2017, 07:50:38 PM
 #17

Bitcoin crashed from $1000 to $300 on black Friday four years ago
no,
but
Bitcoin will explode from $8000 to $10000 on Christmas in the four weeks next

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November 25, 2017, 08:01:40 PM
 #18

Maybe fall happened some time before but this friday wasn't black for Bitcoin, just the opposite. The price is way over 8000$ and it could happen easily that it will reach 9000$.
But maybe some users enjoyed the black friday spending their Bitcoins in shoping.

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November 25, 2017, 08:23:52 PM
 #19

The price is probably going to be over $9000 by Monday, take my word, i have placed a buy order at $8550 each bitcoin and i will keep waiting for some time until the price reaches more than 10000.

I am still thinking about create a Long position with some leverage on bitfinex, i can make a lot of money if i have a nice trade. But it is difficult because bitfinex is having a lot of troubles at the moment, so it is very risky to put money in there.

But no, it is not going to fall because there are no ways to see bitcoin falling again, we are only going to see it going up for the next days.

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November 25, 2017, 08:41:46 PM
 #20

Bitcoin crashed from $1000 to $300 on black Friday four years ago
After four years on the same black Friday bitcoin has make significant progress and most importantly become strong. What happened in four years ago may not happen again as many big investors are started to have interest in bitcoin and others cryptocurrency. The clashed in four years ago give opportunities for others to buy bitcoin at cheap price. We hope the price keeps going up as most of the resistance level has been broken.


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