Looking at the Bitcoin price trend this year, we might not have such a good Black Friday this year.
Last year around Black Friday, we had a Bitcoin price around $8000+ and we could stock up on the Xmas gifts, but this year is a whole other story.
So what are your plans for Black Friday?
1. Will you be hoarding?
2. Will you buy goods at a discount price, at a lower Bitcoin price?
3. Doing business as usual?
4. Offering Black Friday discounts as a retailer/merchant, even if the Bitcoin price is lower than last year?
I have not seen any big announcements or planning for some major Bitcoin Black Friday specials, so I presume everyone just assume that the Bitcoin owners will be hoarding their coins.
Let's share some thought.
Oh well, I will do the business as usual because I keep on buying bitcoin right now this is my habit now I think. Black Friday may boost the price of bitcoin, since its discounted but I think the price will not last on that level because bitcoin will grow high again slowly. Yes, there is no strong news to push the market up and hodlers are doing their best to keep their bitcoin safe on their wallet.
I would spend any bitcoins at these prices, it's way too low. A better option is to keep accumulating and then spend during the january sales
That's the best thing that we cane do right now aside from holding. Don't just hold, buy more, Accumulate more!
Green days is coming, let's have a wonderful holidays this year. keep your faith burning with bitcoin.