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The Black Friday is back, my friends. You all must be thinking, what this Black Friday has to do with the Cryptocurrency and Bitcoin. Well, if you are thinking the same, then there is a surprise in store for you this Black Friday sale. This year, more than 300 retailer merchants and non-profit organizations are offering Crypto sales. While spending your Bitcoin, you can earn Bitcoin in the form of rewards.
Introduction
According to John Riggins, Head of the operation team at BTC, this is a way for the retail market to attract audiences looking for chances and are willing to spend their Bitcoins buying stuff.
Several Crypto firms are also offering their services. www.bitcoin-up.live is one of the platforms that can be used as a gateway to spend your Bitcoin assets into buying things this Black Friday.
Due to technological improvement over the last years, Bitcoin transactions have become more secure than ever. If we combine the recent price hike of the Bitcoin and the Black Friday event, we can consider the 2020 black Friday event one of the best.
Bitcoin Black Friday Deals
Black Friday sales are like an open market for the tech audience. Here you get exuberant sals offers on technological gadgets. Some of the renowned companies that become part of these sales are Trezor, Foundation devices, and Nodl.
This year, several companies are taking part in the sales and are offering some of the best offers you can get in the market. For instance, Ledger, a secure wallet provider, offers audiences 40% discounts on its services.
Shoppers can also browse through the deals to find the best defender in the market. You can get offers on several tech products, services, and webinars. Also, some non-profit organizations are holding free training webinars as well.
This part of the year is very crucial for the Crypto traders as this is the best time to use your Crypto debit card. The best part of this deal is that while you spend your Bitcoins, you will have a chance to win rewards in the form of Bitcoins.
This Might Be The Special Year For Both Bitcoin And Black Friday sales
Bitcoin Black Friday Sales was founded in2012 by a group of vendors to use the new market trend, Bitcoin, to boost sales. The 2012 sales saw skyrocketing results. The success led to more than 600 retailers offering their products and services in 2013 Black Friday sales.
According to Riggins, through the sale was meant to highlight the use of the Bitcoin, 20156 was the last year when the Bitcoin was the center of sales. After that, Black Friday sales become technological sales.
However, after the successful rally of the Bitcoin 2017, improved transaction network, and integrated advanced security features, Bitcoin has become an important component of the Black Friday sales.
We have seen how COVID 19 has forced people to do online shopping. Hence, COVID 19 might play an important role in the sale success. Companies like Token metric, who are celebrating their first successful year, are offering their services at 40% discounts.
HODL Or Spend
With Bitcoin’s prices recently approaching it’s an all-time high in the last three years, investors are getting inclined to invest in them as a long term plan. However, there are groups of people in the industry who are skeptical about Bitcoin’s performance this year. For instance, BitPay predicts that the value of Bitcoin will not increase during the Thanksgiving week.
History has shown us that whenever the price of Bitcoin has increased, people have felt good about it and seek ways to spend their new earned income. This is because investors have a price point in their minds. When that price point is reached, they intend to sell their Crypto asset to make a profit.
Closing Thoughts
In 2019, Americans spent more than $7 billion on the Balck Friday sales. That is a massive amount if you ask me. Just think of converting a fraction of those amounts into your business? This will certainly change your business for good. By offering deals from all around the world, the Crypto trading community ids try to converse these numbers in their favor.
