Your BLACK FRIDAY deal on Bitcoin: 45% OFF until December

[NotATether]

Whereas people get all giddy and excited when they see prices for their favorite products getting slashed during the Black Friday days, people panic and worry when the Bitcoin price goes similarly down.

For what?

Well, they say FTX is about to bite the dust which caused the already smashed Bitcoin price of $18K to shatter to $16.5K.

This is a 45% discount from its normal price, assuming the normal price is $30K.

So, why the need to panic? First of all, whereas with other products you will only save X%, by buying Bitcoin at this time, you will actually earn X% in profits when the Bitcoin price and the crypto world surrounding it gets back to normal. That is honestly the best deal I've ever seen.

Besides, who cares if FTX bites the dust at this point? FTX traders, maybe. Well hopefully, you escape with your money, but the point being that there are so many other exchanges which are perfectly fine. It's not like Mt. Gox in 2014. FTX isn't even the primary exchange like Gox was - that title belongs to Coinbase.

[1715318272]

1715318272

[1715318272]

1715318272

[1715318272]

1715318272

[1715318272]

1715318272

[stompix]

Yeah, I don't know about those Black Friday deals.
It feels like every time I get to buy something at a "discount" next year that damn thing will be 3 times cheaper at the normal price. 

Black Friday sale is now done with Bitcoin. Bitcoin at $53,000 was really a steal. Good job for those who were able to take the opportunity and bought at that highly discounted price. Today, Bitcoin is showing some green candles. The price has even breached $58,000. Right now, it has fallen a little and stayed at $57,700

[hugeblack]

The reason for not taking the deal may be the lack of cash, I am now sad because I am almost 100% Bitcoin, I do not have enough cash to buy more, and economic changes make getting more cash to invest difficult (or at least not as easy as 2020)
So the cuts are good, but the time isn't right.

[so98nn]

This is definitely most positive thing that I am experiencing. Bitcoin is going to the prices that we always wished to buy at. The more down it goes the more it feels like to invest into it. I am also on the same note as hugeblack, I am short of cash too. I am not willing to purchase directly because our government has deployed their devil strategy of flat 30% taxes and 1% TDS for all the bitcoin tradings.

I think once I get the cash I might need to go p2p and buy few chunks.

You know it’s like, hands and mind are shaking how should I manage the cash without Government scans. 

[Haunebu]

45% off? Lol. I wouldn't go that far, but I would definitely say that BTC is available for purchase at a bargain price at the moment and whoever purchased it when it slid below 16 grand are the lucky ones. Why?

Because I am confident that it will bounce back closer to 20 grand before the year ends which implies that they stand to receive close to 25% profits if they can HODL their stash till then.

It could take even longer to rise back closer to 20 grand, but it will happen eventually in my opinion.

[davis196]

This is a 45% discount from its normal price, assuming the normal price is $30K.

How did you come up with this 30K "normal price"? Every price level at any given moment is the "normal" price level, because the supply and demand are getting in a temporary balance. A 60K Bitcoin price is as normal as a 10K Bitcoin price. Of course, our interpretation of what is normal on the market can be quite subjective. Some traders say that price bubbles are something normal for the markets, while others say that the price bubbles are what deviates the market from it's normal state.
This "Black Friday Deal" joke about Bitcoin isn't funny anymore. Bitcoin will stay in the lower price range for the next 2 years. There will be way more opportunities to buy cheap Bitcoin than the "Black Friday".

[NotATether]

How did you come up with this 30K "normal price"?

I simply estimated the average price of BTC over the last two years i.e. since the November 2020 bill run. No algorithms were used, I just eyeballed it. But $30K isn't too far from what most people are going to be seeing over the next two years (assuming we stay in a prolonged bear market the average will drop lower to $25K or so).

It's like saying the average price of bitcoin was $6K between 2017 and 2020 - not far from the truth, even during the $3K crash of early 2018.

[dimonstration]

The problem is not simply about the crush of FTX but the underlying shit that Sam did on all the users fund. Probably all the crypto project that exposed to SBF will be gonna crash down like what happened when Luna crash and burn many DeFi and VC connected on it.

Buying right now is really a discount because the price is already dump with a high percentage for a short time period but there’s a possibility that the price will dip further once all the affected project already announced in the public to create more FUD.

[Lucius]

How did you come up with this 30K "normal price"? .

I also think that after the inevitable correction, the price would have been around $30k if the unstable Kwon had not happened and brought down the price to around $20k, and now another hypocrite has done something similar - in other words, the price was formed by two unstable idiots with their idiotic moves.

Many called for at least $15k to fill their bags and I guess they are now satisfied, although there are also those who want $13k or even lower - but let them be careful what they wish for, because some are just waiting for the right moment of weakness to launch some new dirty games and bring down the price to levels from which it will not recover for a long time.

The discount is good, but in the global picture this looks very bad because it scares the average investor, and even more encourages the authorities to increase regulations under the pretext of only protecting people.

[NotATether]

How did you come up with this 30K "normal price"? .

I also think that after the inevitable correction, the price would have been around $30k if the unstable Kwon had not happened and brought down the price to around $20k, and now another hypocrite has done something similar - in other words, the price was formed by two unstable idiots with their idiotic moves.

Do Kwon triggered almost the entire meltdown on his own but I think the FTX liquidity crunch was brought upon by themselves. Ever wondered why the FTX Token is banned from their US subsidiary? Precisely because it could cause events like this to happen.

[cozytrade]

The reason for not taking the deal may be the lack of cash, I am now sad because I am almost 100% Bitcoin, I do not have enough cash to buy more, and economic changes make getting more cash to invest difficult (or at least not as easy as 2020)
So the cuts are good, but the time isn't right.

Most people don't have any cash to invest. Those who have already invested or fear to invest because of current market development. FTX caused many people to become financially broke overnight. Also, current CPI data releases and interest rate hikes also cause confusion among many investors about taking any action. When people do not have money, they tend to sell their assets. So expecting more downward.

[goaldigger]

The market has been experiencing a cheaper value since the start of the year, and there’s no need to wait for the black Friday before you buy, you should already see this as an opportunity to make more money in the next bull market. FTX might not be a good idea to accumulate in Black Firday, having Bitcoin as your option are more ideal. We might not know what’s the real bottom price yet, but I see its current price as attractive, grab some now.

[stomachgrowls]

The reason for not taking the deal may be the lack of cash, I am now sad because I am almost 100% Bitcoin, I do not have enough cash to buy more, and economic changes make getting more cash to invest difficult (or at least not as easy as 2020)
So the cuts are good, but the time isn't right.

Most people don't have any cash to invest. Those who have already invested or fear to invest because of current market development. FTX caused many people to become financially broke overnight. Also, current CPI data releases and interest rate hikes also cause confusion among many investors about taking any action. When people do not have money, they tend to sell their assets. So expecting more downward.

There's always that domino effect which is really something that very common on a market where economic conditions do really give out effect into each other which would cause further more declines.

It cant really be avoided that confidence and trust into the market will really be majorly be affected but we know that if there are people who are really that into fear which there are people whom do really sees

these kind of opportunity which doesnt really come often and these declines could really be considered as a sale where we might not be able to see these numbers once again
on the time that the price would be skyrocketing in upcoming years to come.

[Lucius]

Do Kwon triggered almost the entire meltdown on his own but I think the FTX liquidity crunch was brought upon by themselves. Ever wondered why the FTX Token is banned from their US subsidiary? Precisely because it could cause events like this to happen.

It is more than clear that both of them are guilty because they behaved very irresponsibly and arrogantly in what they did, but it is also a fact that all those who trusted them bear great responsibility for all that happened. I wonder what is in the minds of all those people who invested in these tokens or so-called stablecoins, which were completely worthless to me personally from the very beginning.

I can still somehow understand those young and naive people who are easily sold all kinds of stories, but all those companies and famous individuals who knowingly exposed themselves to such a risk are not at all clear to me.

All in all, maybe everything won't be so dark if Bitcoin manages to recover before some new scandal surfaces, otherwise I wouldn't be surprised if it sinks below $10k.

[Frankolala]

45% discount is indeed a good offer for a slash in Bitcoin price, inflation has made fiat money vulnerable in the sense that it is lost its value and short in circulation because of the present Russia and Ukraine ongoing war. So many people will love to buy Bitcoin but they don't have enough funds for the purchase of it.

Bitcoin price has gone dip because of the challenge the world economy is facing it would have been an opportunity for so many people to buy Bitcoin at this time with a low price if they will not be scared of buying due to the present dip.

[crzy]

This is more than just a discount for me but a real opportunity to accumulate and get Bitcoin at a cheaper price. Many wants to take this opportunity to buy more and that includes me because knowing how Bitcoin works, the recovery can happen in just a short period of time so if you are able to catch this bear market, the tendency to make higher returns are very high. I wont suggest to deal with FTX, they will die soon as they file for bankruptcy, I don’t think it can help them.