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Today’s Black Friday brought many promotions, but most of them did not make investors happy.
While it was foreseeable that some people today would exchange their cryptocurrencies for Fiats to raise funds for purchases related to Black Friday promotions, it was difficult to predict that the sales would coincide with the announcement of the next virus variant.
Investors panic over a new strain of the virus
Once again, the news related to the virus has influenced various segments of the financial market. Traditional exchanges today recorded a decline of several percent (the WIG20 index fell by 3.87%), and many popular cryptocurrencies lost around 10%.
In the last 24 hours, BTC fell by 8.3%, ETH by 9.9% and SOL by 9.3%. In such situations, it is worth recalling the article Market collapse, the beginning of a bear market, or maybe the end of cryptocurrencies? and consider whether it really makes sense to sell cryptocurrencies rashly (which also applies to stocks).
You should also carefully verify the information, especially since you can easily come across fake news in the case of both a virus and cryptocurrencies. September is an example sudden increase in the LTC rate due to false information.
Promotional prices encourage exit from cryptocurrencies
Although in Poland Black Friday is usually associated with far-fetched promotions (raising prices before the introduction of Black Friday cuts, offering literally a few items of the product at a lower price), US residents can easily find products discounted by up to several dozen percent.
Thus, some people decided to at least temporarily leave cryptocurrencies to buy, for example, a new TV or Christmas gifts, which can be found at lower prices that day.
Black Friday cryptocurrency deals
Fortunately, you can also find interesting promotions in Poland and you do not have to leave cryptocurrencies to be able to pay for the order. Both investors and hodlers should be of interest Black Friday 2021’s best deal: Ledger hardware wallet. The promotion lasts until November 29, and thanks to it you can buy the Ledger Nano S for PLN 189.99.
What do you think about today’s promotions? Did you find any interesting offers related to crypto?
From the editorial office
This article, neither in whole nor in part, constitutes a “recommendation” within the meaning of the provisions of the Act of July 29, 2005 on trading in financial instruments or the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of April 16, 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directives 2003/124 / EC, 2003/125 / EC and 2004/72 / EC and Commission Delegated Regulations (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65 / EU of the European Parliament and of the Council with regard to organizational requirements and operating conditions for investment firms and defined terms for the purposes of this directive. The content contained on the website does not meet the requirements for recommendations within the meaning of the above-mentioned act, incl. do not contain a specific valuation of any financial instrument, do not rely on any valuation method, and do not identify investment risk.
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