Although Black Friday is commonly associated with sellers offering huge discounts to customers, is this really true?
Black Friday is an excellent time to buy only what you need, not what you want. The event's psychology is to give consumers greater purchasing power and encourage unnecessary spending.
I don't think too much about about black Fridays but I'm confidence that they dont increase the purchasing power but people just love it the way it was back because of the culture. Some people are doing black Fridays because they think others are doing it. Black Friday is like discount sales for the public for the people to buy whatever thing they want to buy without going to.think about it twice.
It's that discount amount they gave that makes a lot of people to have the confidence to buy what they want, even sometimes they don't have interest of buying. It's this that encourage them to use the market.
For example, a lot of individuals or bitcoin holders may sell significant amounts of their cryptocurrency during this time because they wish to purchase items that will affect their investments. Black Friday deals can affect your plan to hold bitcoins, and as an investor, you have to be careful and be disciplined enough to control yourself.
Have you purchased any item during this time?, was it a need or a want?
Did you have to use some or a significant amount of your bitcoins?
Even if you hold plenty of bitcoin and there is nothing good around to buy bitcoin, I don't think it's a great idea to use it to buy anything. Using your bitcoin that is supposed to be used for holding for long term but you decide to convert everything to what you like is one of the dullest thing a bitcoin holder will ever they because it will not worth and no matter what no try to explain it to people will not be justified.
