Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: CryptoKri on December 07, 2020, 03:47:05 PM
-
Bitcoin, the grandfather of all digital assets has had one of the biggest years. From a $9,500 low at the beginning of the year, the cryptocurrency has increased more than 200% in value this year alone. Given the political and economic trouble, many countries have found themselves in this year, it makes sense that a currency that’s not being issued or regulated by any one country should be the winner.
Bitcoin and Black Friday discounts
The biggest story in the cryptocurrency world over the weekend was how it performed. During the Black Friday weekend, Bitcoin’s prices fell to $16,300, which was the lowest it had been for several weeks. However, in the days following, the digital currency jumped to $17,000, beginning the climb that has gotten to $19,000 as of December 4th.
An opportunity for investors
This year has been one of the most favorable for cryptocurrency and blockchain technology as a whole. Although Bitcoin’s prices have steadily risen, it’s still volatile enough to make money for investors. This year, institutional money, hedge funds, and financial managers are all backing up the altcoin.
Developments
Many analysts say that although we have seen a lot of movement in cryptocurrencies over the last couple of weeks, there is a long way to go. When Grayscale, Square, and PayPal decided to get in on the fun, prices shot up because of the renewed commitment it brought to the industry.
Interesting article, read more about it in: https://crypto.co/technology/bitcoin-black-friday-sale-what-it-was-all-about/ (https://crypto.co/technology/bitcoin-black-friday-sale-what-it-was-all-about/)
-
In fact, Bitcoin Black Friday is a special day for Bitcoin. Bitcoin was given in all exchanges and in all cases on this day. Joined in the morning and grabbed some payments. We missed a lot and hopefully everyone will join again in the next day
-
In fact, Bitcoin Black Friday is a special day for Bitcoin. Bitcoin was given in all exchanges and in all cases on this day. Joined in the morning and grabbed some payments. We missed a lot and hopefully everyone will join again in the next day
-
when i saw the topic heading i thought there was a real black Friday event for btc like a traditional thing not knowing it was just about the drop in price, lets assume the drop did not occur on Friday but any other week days, would have attached a meaning to it? anyways, am sure the drop gave an opportunity for those who wants to get in to buy.
-
That was an interesting read, thank you.
-
I think this Bitcoin is not affected by Black Friday because it is only affected by bad news for the decline in price.
Black Friday only applies to the real world who likes real assets as well such as grocery trades, household appliances, etc.
Bitcoin is not a real asset but a digital asset and the proof is that Black Friday has passed and Bitcoin is still as it used to always change in price.
-
There is no such thing as a Black Friday for Bitcoin. Bitcoin is much more popular all over the world. So the price of Bitcoin fluctuates. Many users benefit, those who can hold on for the long term benefit. However, those who cannot hold the coins in the long run are the losers.
-
-
I agree with you, Bitcoin is not linked in any way, including the calculation of days.
Bitcoin is still the same Bitcoin when it was first created by Satoshi Nakamoto since 2009.
Maybe Black Friday is only used today and back then Bitcoin did not recognize Black Friday.
-
Bitcoin movement becomes strong since Black Friday and till now it's in a good price position. Bitcoin is currently on the $38k+ and is continuously pumping up towards the $50k target.
-
In my opinion, the greatness of bitcoin is currently not being offered. Every day many people make big transactions. So it's not too much if friday black sale is seen every day
-
Bitcoin movement becomes strong since Black Friday and till now it's in a good price position. Bitcoin is currently on the $38k+ and is continuously pumping up towards the $50k target.
The analysis that you say can be true according to your estimates and all natural things can analyze from yourself and from others that we might think is true.
but for me what is the direct relationship between black friday and bitcoin because there is no direct correlation between the two.
It is clear that the increase in bitcoin is greatly influenced by the current halving. Demands for bitcoin but limited supply so prices are certainly high, obviously this is the law of economics happening.
-
I wonder whether the same thing will happen next year. I guess we'll have to wait and see.
-
Bitcoin circulation has become stronger since Black Friday and what is still rising in price. Bitcoin prices are currently moving in the right direction. Bitcoin's current price is above $34600. However, I think the price of Bitcoin will continue to rise to $50,000. In 2021, Bitcoin will go ahead with its target.
-
I think that soon we will be able to see another Black Friday, on which there will be a sale of bitcoins for about $ 30,000
-
You have created a very beautiful and valuable topic because I had no idea about it but after reading this valuable post of yours I got a lot of ideas. I hope the members like me will get a lot of ideas. Thank you so much for posting. To give you an idea of how Bitcoin goes on sale on Black Friday.