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Can be of interest:

Amazon is looking to accept Bitcoin payments ‘by the end of the year’, and is investigating its own token for 2022, says an insider:

https://www.cityam.com/amazon-definitely-lining-up-bitcoin-payments-and-token-confirms-insider/

I don't trust anything that big tech, Bezos or Amazon are saying, and they always have some hidden motives behind everything they do.
They hired some blockchain people few months ago, and there are some rumors they are working on creating their own token to be used instead of Bitcoin.
You can imagine that they will control supply and everything else related with potential amazon token including some kyc verification, and for Bitcoin they can always have some stupid excuse like high fees, etc.

Good news if this is really true.

And probably this will be going a similar hype to tesla months ago, just not sure if it will be the same as tesla who reverses their decision later on, but I have guess it will be the same having their own reasons, and maybe before selling their holdings.

While Tesla changing it's decision to accept bitcoin again. It's good that this giant companies trying to start adopting bitcoin but not unitl they start manipulating the market.

Is that website known for being a reliable source?

Let's say that it's for real and they're really going to accept payments through bitcoin. They can do that easily as they will have no problems converting bitcoin payments directly into fiat as soon as they've received it.

There will no longer need to convert into gift cards if you're paying in bitcoin and as they investigate for their own token. It's normal to see as a big tech company to have their own just as FB.

Thats entirely possible because amazon is one of the largest marketplace in the Globe. They are in every corner of the world and with that needs exclusive marketing strategies to be build so that they can keep the customers engaged.

Amazon is the only e-commerce place where highest affiliate fees and highest discounts or combo's available. This means both advertiser, publisher and buyer can enjoy the royalty of earning and paying in the form of Bitcoin.

Lets forget about the KYC for sometime here, people will always choose amazon for it's newly launched payment system as it is the trusted marketplace with quality service.

I saw the story but the source isn’t very reliable, is it? I really hope it is true but I would air caution with basing any trades on what is essentially a rumour.

This seems suspicious, not all big companies are knowledgeable about crypto and willing to engage on it.

But if this is true then this can also influence the market movement of bitcoin and people will make a move to make it profitable and make it spread more.

Adoption is what we need to make more big companies join crypto world and that is what most of us want.

Can vouch for the source, but it is not just a random blog: https://en.wikipedia.org/wiki/City_A.M.

"Anonymous insider" without any verifications by the journalists, the site itself is very obscure, it's obvious that this is a very untrustworthy rumor. It could be true, but I wouldn't get your hopes high. And the timing could be suggesting that it's just an attempt to pump Bitcoin while it has some momentum.

I think it's unlikely for Amazon to accept Bitcoin until the problem with fees is fully solved, it one thing to pay $10-40 fee for buying a Tesla, and completely other thing to deal with fees and delays for small consumer payments.

Read this news earlier and wasn't blown away or anything since history has taught us that this sort of news shouldn't be taken too seriously until there is sufficient evidence to prove that these rumors are legitimate.

Mainstream adoption of LN seems to be the only viable option currently for BTC as a payment method.

I do believe the part about Amazon creating their own token which is the trend these days just like other big companies such as FB etc. They are also probably primarily interested in the blockchain technology behind BTC.

Don't know if this is good or bad news, especially since it is now known that very strict regulations are coming out in Q3-Q4 2021. Considering the timing, if the rumors are true it mamy be a cooperation between Bezos and the governments. Since Amazon has so many customers, it's much easier to link crypto stuff to identities and trace down certain info.. espesically for loyal Amazon customers and for those who don't use Bitcoin with some privacy-focused wallets or so.

Amazon's gonna accept Bitcoin. Yeah right.

In my opinion, the source is really not trustworthy, but even if we assume that it will happen, have you ever consider Bezos entering the market? Oh boy, it'll not leave it easy with his pumps and dumps. Even if it'll probably increase its market value by adding that “Pay with Bitcoin” option, I have my doubts that we should be happy for having another “richest man” in the game.

Hey Jeff, about the token thing:  Don't.

Even if that happens, Amazon issuing their own centralized shitcoin, I see them as an useful idiot; sooner or later portion of Amazon users will want to get the real thing, and we know what they are going to get.

Bitcoin started revolution, and it would be naive not to expect these top companies trying it out with their own versions of cryptocurrencies.

Already Amazon is much known for its technology dependent service on cloud data. So, these people entering the cryptomarket isn't a big surprise. Amazon will primarily accept Bitcoin and incorporate into all its services, later might move to its own token. At the present market people won't go into Amazon token leaving bitcoin.

I still take this news with a grain of salt, we have somewhat heard this kind of news since the last bull run we have in 2017 and yet it didn't materialised. So I will not get excited about it, and as you can see they are really planning to have their own token. And it may backfire on them, similar to what Facebook/Libra, lots of hailstorm coming from regulatory bodies around the globe. If they accept BTC then good for the market, otherwise, fingers crossed.

I think that accepting bitcoin as a payment method could have a huge benefit for a big company. No big company really does it besides PayPal, and it may even increase their client base to do so.

I am not sure of creating their own token will be so much beneficial
 Regulation problems, lots of investments in the infrastructure and after all it may be ignore and not adopted at all
Facebook gave up for some time  afaik

If true AND if they do it themselves instead of through Coinbase Commerce or the like its going to be a fascinating look into how BTC can really integrate.
Will they hold or just sell as it comes in?
Will they sell it to the best fiat at the time or in the local one where it was used?

Could be really interesting in terms of how it's done if they really do it.


-Dave

Another source: Amazon won't stop with Bitcoin. After integrating the biggest cryptocurrency, they will add Ethereum, Cardano
https://u.today/amazon-readying-to-accept-bitcoin-ethereum-cardano-and-bitcoin-cash-according-to-insider
In addition to accepting Bitcoin payments, Amazon is reportedly exploring the creation of its own cryptocurrency, possibly released in 2022.

After the setback we received from Elon Musk, I don't really trust these people. They just want to maximize their profits. And for that purpose, Bitcoin is not very suitable. Elon is now planning to roll out his own shitcoin with a near 90% premine, and this may be the same route used by Amazon as well. These guys benefit more from a cryptocurrency which they can control and manipulate, when compared to the case with Bitcoin which can never be controlled by a single central entity. Anyway, for now, let's enjoy the market rally.

Its One of the Top news after Elon Show.
One more Big News and we will see full Bulish trend.
It's possible now that Bitcoin be in the 60s or 70ish. While we wait for the bull run to begin, it's best to acquire additional BTC and altcoins that you believe will moon. For myself, I purchased a large number of cryptocurrencies like as ETH, BLOCK, AGI, and others that I believe have the potential for long-term development and stability. It's a waiting game for us, and if we don't sell, we won't lose anything.

That would be a great news for the bull run in the end of this year

Many users had already speculated Amazon to accept Bitcoin in the past. The possibility is there because of the ad they posted. What could the reason be for looking for a blockchain developer. But Amazon to develop their own token is also possible. Amazon is a big business and if they want full control of the finances and survey the users in their database, it's having their own token will probably be a priority.

I think big business is figuring out that if they support Bitcoin, then Bitcoiners might suddenly have a lot of money to spend on their products. What businesses would take in more money from Bitcoiners having a ton of extra money suddenly than Amazon and Tesla? Not to mention once Elon got billions in Bitcoin, Bezos couldn’t risk being left behind. It’s really only a matter of time before all billionaires and tech companies put BTC on their balance sheet as so not to lose a competitive edge.

Apple is one of the largest cash-holding companies in the United States. With over $195.57 billion in its coffers, a $2.5 billion investment in bitcoin would represent a 1.28% allocation.
The biggest holders of Bitcoin microstrategy (105,085 BTC worth $3.3 billion), followed by Tesla (42,902BTC worth $1.3 billion).
If apple buys Bitcoin, it would be the second-biggest public holder. The firm would immediately gain market share and disrupt the industry, This would send even more users to 'Apple Exchange, and bitcoin's widescale acceptance might just become a reality. Apple’s install base is 1.5 billion, and even if we assume only 200 million users would transact, this is 6.66x larger than Square. Therefore, the potential revenue opportunity would be in excess of $40 billion a year (15% incremental top-line opportunity).

Good news to see Bezos is going to accept Bitcoin and people can buy stuff from Amazon without using any third-party person as a proxy exchanger. However, I won't forget that we have the same story for Tesla, they accepted bitcoin payments, and the price was rising and then they stopped supporting bitcoin payments to fall down the price and that's how many newbies lost their money. We should pay attention to what happened before and avoid making the same mistake again. However, again I would say, soon, all the power companies will do the same thing.

I just saw this yesterday before I sleep and I expect for Bitcoin to rise hours after this was published online.
I thought also that I dreamt of Bitcoin surging too just because of one news. Kinda weird but its true :P.

Well it really happened as Amazon is "looking" to accept Bitcoin payments. Remember the word "looking" meaning they are just eyeing it for now still no intentions of adding it whatsoever. Either way, the market reacted positively with this news and Bitcoin rises near $40,000 (sadly it didn't pass went through that price). On the other hand though, Bezos is like Musk too. A businessman and he might do what Elon Sh*t did months ago. Releasing some good crypto related news and then will release some bad ones in the future. Either way, I don't trust this businessmen at all. Add crypto in their system if they really want to support it. As for me, I'm just happy that I converted some of my Bitcoins and got some good short term profits today.

It should be emphasized that these are just rumors, nothing has been officially announced yet. In addition, it should not be forgotten that the option to pay in BTC does not automatically mean that people will use it en masse, because most still see cryptocurrencies as a store of value, or a long-term investment. Plus, even if the news is true - Amazon obviously doesn’t consider BTC a good enough solution given that it’s working on creating its own token.

Until the official announcement, I advise caution, the market has obviously reacted strongly - but the trend can be reversed very quickly if the news is officially denied by Amazon.

This would be huge if it were true and set new records for the price of Bitcoin.

It's amazing that you could buy groceries and other things that are not possible now that amazon are selling of course people would use it I would use it.

This reminds me what happened with paypal because before they added bitcoin to their wallet functionalities 6 months prior we had a few rumors around it. I'm not saying it's the same with amazon but seeing how the market reacted that must be some small truth behind the news.

Oh crap, my perfect week start has just been ruined!
Please tell me the jump is not because of those rumors and the news and the pump are not timed, I never trusted "insiders" and especially when it comes to Amazon, we've been hearing those for the last 2-3 years constantly, enough to make everyone suspicious of clickbait invented articles.

That aside, why is everyone still talking about Bezos? He retired! :D

 

the market will react just because of the rumors it does not mean that they know what is going on inside of Amazon.

I would love if amazon opened up to more of the world now,,, at the moment if you are from certain countries you will not get it available to you. Accepting Bitcoin means nothing if they do not open up the restrictions. Same if they have Amazon coin,,, what is the use if you cannot even access the service?

Amazon to create their own Crypto tokens? well that is already expected because Amazon is always hesitant in trusting bitcoin so if ever they will surely enter this market they will provide their own.

I can't really tell if this news is great if it's true. We all know the personalities behind the big companies such as Amazon. It'sjust a little bit suspiscious to know that suddenly, these giants are interested about cryptocurrency. I can't help but to think that there is some hidden agenda in their plan to enter the world of cryptocurrency. Although I really do hope my gut feeling is wrong.

Nonetheless, if ever this will really happen regardless they have evil intentions, it will still benefit the cryptocurrency community because a big investor will enter. Surely, the market will be affected in a nice way. Growth and price value may happen. I just really hope Bezos won't be another Elon in the making.

i take it this recent pump in price was as a result of the Amazon news or ^{unconfirmed news} for the sake of market recovery i hope this will turned out to be true and not some rumor flying around  ;D, it is long overdue, Amazon should already be thinking towards accepting btc as part of payment option, they have nothing to loss rather to gain instead.

I always doubt when they say they "gonna do smth" instead of actually doing it. is it happens - cool. If not - why the hell did you say that then?

Don't worry, even if this turns out to be incorrect, some new positive news will appear - because this is the ideal time for such news, people are a bit relaxed and don't check too much if something is true or not ;)


True, he resigned as CEO, but he still remained executive chairman. Yet he is someone that people most identify with Amazon, it is unlikely to disappear overnight. Besides, Bezos sounds a little better than Jassy :)

People choose to stay anonymous and use Bitcoin for purchases. And some of them will use anonymous payment system to order goods on Amazon to their home address. L - Logic.
I wonder how many bad guys gonna be deanonymized when police will match bitcoin address in their records with deliver addresses for Amazon purchases.

if true amazon wants to accept bitcoin payments by the end of the year, this can be said to be very interesting news, just like tesla last year accepted bitcoin in payments, maybe next year more big companies will accept bitcoin in their payments. will happen next year..

We have been waiting for this, it's bigger than Tesla accepting bitcoin, so hopefully, the information is true so it will bring a positive impact to the price of bitcoin in the future. We saw some sudden pump, for sure it's the result of this news but if it's not confirmed, it will only remain as a speculation. we need a statement from amazon themselves to confirm the news.

Even I read this news today on Cointelegraph and was quite surprised to read that Amazon is planning to use bitcoin.
Amazon is a giant and bitcoin being accepted as a payment by such a giant will surely be a huge benefit for the bitcoin community.
May be this is why we can see a sudden pump in bitcoin's price today. The price has spiked up from $34k to $38k.
At the same time I think this is just a rumour since Amazon hasn't officially announced anything regarding this.
If this rumour becomes true then we can see a further increase in bitcoin's price.

Another clear picture on how much bitcoin is already progressing. Little by little or inch by inch, bitcoin is starting to be able to become publicized through different means and in no time, we will definitely see it becoming one of the primary currency the whole world will be using. Amazon is a huge company that is in line with the other huge companies like Microsoft, Google, Apple and Facebook. It would surely make a huge impact to bitcoin's price as well as its influence so let us hope it would work out well as it becomes a form of payment for Amazon.

so far this is just a rumor there is nothing confirmed and unfortunately as this is a manipulated pump and dump market someone spread this rumor to make a profit with this pump and dump market and as most people in this market are greedy people they didn't need take any minute to investigate whether the news was true or not, people immediately rushed to buy bitcoin and the price is at $39,000, the problem will be:

how will the price hold up at $39,000 if amazon doesn't accept bitcoin as a means of payment in the next few weeks? That's what people aren't thinking about and the unlucky one who buys high will be the one who reaps the losses

Let us say that we are hearing the same news for the past 7 years and yet Amazon did not accept Bitcoin as a payment and i am not sure how we could trust again and whenever there is a rally we hear this speculation that Amazon is planning to accept Bitcoin, let us hear from them officially and then we can talk about it because if they wanted they would have accepted Bitcoin already.

A few years ago amazon did plan to accept bitcoin, but that plan didn't happen and there was a lot of speculation about why amazon still didn't accept bitcoin.
But this time Amazon seems serious about accepting Bitcoin, as a new report from City AM comes after internet users saw interesting job openings on amazon over the weekend, including job openings for the "Digital Currency and Blockchain Product Leader" section.
https://www.amazon.jobs/en/jobs/1644513/digital-currency-and-blockchain-product-lead (https://www.amazon.jobs/en/jobs/1644513/digital-currency-and-blockchain-product-lead)

It proves that amazon is really serious about accepting bitcoin as a payment option and of course Amazon will develop its own crypto currency.

Anything involving Amazon is definitely going to move a market as they are the most profitable online retailer in the world, so it is possible there could be more upside once they make some sort of official announcement on the subject. They would probably prefer to keep it low key so it feels like a bit of a slip-up for them to disclose the information in such a way. I have a feeling that they will build up an enclosed ecosystem like we've seen at Paypal, where people can pre-purchase and store Bitcoin internally within their systems. After that they can profit from internal transactions that are essentially free compared to paying a small cut to payment networks like Visa or Mastercard.

We should still not forget that Bitcoin has transaction capacity issues. If Amazon were to accept only Bitcoin and no other payment method at all, we would be screwed. Their revenue is so high and their transaction volume insane, we would quickly be running into a deadlock as Bitcoin couldn't scale quickly enough. It is good news on the one hand, but it would be even better if we knew that Bitcoin could live up to the challenge technically.

Ethereum, Cardano and Bitcoin Cash will be as well in the line for acceptance after Bitcoin as they say. But in my opinion it is still on the level of talks and rumours. Closer to the real deal we will see what it will be. Sometimes such kind of news are just the way to make popularity higher or make some manipulations and that is all.

I can imagine now that they have been quiet for so long regarding cryptocurrencies and accepting Bitcoin as a means of payment in specific, it is possible that they loaded their bags for years now and are indeed going to make a huge announcement that they accept Bitcoin. Maybe they even come up with additional technology to support Bitcoin. That would make them immediately rich just by selling their bag I guess (if they have one).

Don't know whether it's a good thing or not. It would be a good thing if Bitcoin wasn't so volatile and speculative but it's so easily speculated right now, especially how Elon Musk used the coin in every way that I am not happy with something like this. It may increase crypto adoption but I believe it will be used for other personal gains. One word and it can 50% increase or decrease the price. That's an insane and easy profit, that's the loophole that the richest people found and I am afraid that they'll use it for personal purposes and will test their powers that won't benefit the crypto community.

There's a flash report that Amazon denied the rumors that they're going to accept bitcoin payments at the end of this year. Well, that escalated so quick and never expected that they'll deny it. But that's better than to hope for a false rumor.

News: Amazon Allegedly Denies Bitcoin Acceptance Rumors (https://www.thestreet.com/crypto/news/amazon-denies-crypto-acceptance-rumor)

I think that there has been clarification from Amazon about this news.
Amazon denies report of accepting bitcoin as payment (https://www.reuters.com/business/retail-consumer/amazon-denies-report-accepting-bitcoin-payment-2021-07-26/)
We can see clear information from a spokesperson from Amazon.
from the statement, they focus on something others do right now.

But hopefully, this can be one of the other focuses later by Amazon to accept BTC as one of the payment methods. hopefully, and who knows the future  ;D

But, we must be happy enough with the news yesterday although it is not true because at least, we can get the price little bit higher, although for a while only.  ;D

Exactly this pissed me off today!
I hate rumors, bad or good, I hate them. China bans bitcoin mining, show me proof, it did happen, ok, it was true let's deal with it when it's fact! European bank bans anonymous wallets, screw that again, it's a rumor based on somebody not understanding English, and it's a damn project, if it even happens it will happen years from now!

But!!!! We had tons of goods news, checked news, confirmed news, from Microstrategy buying, from Salvador legal tender to German banks allowed to service crypto, confirmed positive news, yet the market was going down. And now we have a rumor from a "sauce and suddenly we're 16% up, seriously, what the hell? I know it's going to sound bad but now I do understand the people saying that this is a damn manipulated market case what happened in the last month makes really no sense compared to the way the price has moved.

Let's see if it will come true or just an issue. Or it will last for a very short time as Tesla ever did. I am not really optimistic anymore about the news of a big company adopting Bitcoin. What I saw, many of them just take advantage of it and ignore it after getting people's attention. In my opinion, most of the scenario isn't too much different with Tesla. But it is still my perception, I hope Amazon is really serious to accept Bitcoin.

There's no official confirmation yet that Amazon did it but I hope so they really did it but for now this is just a speculation/rumor and someone who spread this might actually be gaining some profit since it looks like a market manipulation again. If it's a price manipulation we will see this price won't last for a week or so and we will come back to the level of $32k to $34k again.

I don't know if we were just lucky this time but this is not believable that Amazon did this ww should wait for their confirmation.

Apparently, the news that Amazon will accept Bitcoin payments "by the end of the year" turned out to be fake. I just looked at the Cityam where this rumor was posted. The website does not look trustworthy. It even uses a free SSL certificate that will expire in two weeks.

In any case, as they say, there is no smoke without a fire. Perhaps Amazon is preparing to enter the cryptocurrency market in 2022, but representatives do not want to publish reports of their intentions too early.

Yeah, and with this denial, no wonder the price goes from $39k back to $37k as of this writing.

In any case though, it was a good run from $29k-$39k and for sure, speculators have made big profits from this jump. And so we are back to trading sideways again and let's hope that Amazon will "change" their mind at the end of this year and start to consider bitcoin as payment method in 2022.

Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year, Amazon's payments team is looking to hire a digital currency and blockchain expert, according to a recent job posting.The posting signals that Amazon may be taking a more serious look at cryptocurrencies, such as bitcoin.

They might as well introduce their own token. I am not so sure whether this article right. This is not the first time I am seeing a news like this, but it has never happened. But it wouldn’t be bad to believe that they are working on something like that, that’s if they really hired Blockchain experts as some has said. When the time is right we are going to know what they are really working on, whether they are trying to implement Bitcoin as a method of payment on their platform or they are just trying to create their own token and use it instead of Bitcoin?

There is a Poll happening now in this thread https://bitcointalk.org/index.php?topic=5351319.0 in which looks like Many forum members are positive on will amazon accept bitcoin this year.

But i doubt that they will open their cash for conversion in this market. instead they will only accumulate bitcoins.

We have been looking for this since years ago and Paypal does it first before Amazon but this will Bring best result for the market once happen because for sure the use of bitcoin will circulate more as Amazon is one of the largest company that may accept online payments and best use of crypto of course.
so basically this will made crypto market on the top again.

huh? really? maybe i will do my first amazon order. but i saw something offline that they actually won't or won't accept btc, but they will work with stable coins? well, twitter is a shady place to find news

Again,,, this kind of news is meaningless. Having more places to spend Bitcoin does not mean more people will spend it. Having Bitcoin as an option does not encourage people to buy Bitcoin to pay with it.

But if Amazon does allow people previously restricted to now also use Amazon and pay instead with Bitcoin? This will bring more people to Amazon, and more people to buy BTC.

I have to quote myself and say I was right when I advised caution - and I would add that I don't think everyone has yet realized that the information was false - which means the price could go down even more in the next 24-48 hours.

---

The good news is not always good in the sense that people perceive it that way - because if MicroStrategy invests $100 million in BTC tomorrow, it probably won't affect the market because the average user has never heard of the company, it means nothing to them. But if you serve them a story about Amazon, Tesla or Apple, it's something else because everyone knows about them and the effect, as we've seen, is always explosive.

And as for manipulation, it would be crazy to believe that it does not exist in the crypto market which is ideal for pump&dump, because where else can you earn 16% in less than 24 hours if you made the right move?

There's been too much fuss about the news (rumor). Today the market already reacted to that being either fake or not confirmed. I mean we didn't slide to the previous lows but that's not a great sign. I don't like when the market is so focused on these crappy rumors rather on real developments.

Ok, but if it was really fake, how the heck did those fake news move the market so massively? Or do you think that it was not because of those news that Bitcoin jumped 20%? The way these news spread out all over the place probably had an impact on the price or someone used the momentum to pump the market?

Even though this Amazon rumour turned to be fake (no wonder lol), there is a good thing about it - it has acted as a trampoline and bitcoin jumper over 33-35k levels, as well as pulled all other crypto.
Strange to admit, that people believe, that such giant as Amazon would integrate a new payment option in just 4 months till the end of the year. For me, that looks impossible.

Because PayPal let you sell PayPal bitcoins for PayPal dollars. That's the only reason it was able to introduce bitcoin in its service without criticism from pundits. Amazon, Google, Apple and co can't do this without controversy about liquidation because these are not financial services, they sell products instead which severely get affected by price flux.

Amazon Denied this rumour. We Hearing this News for 2 years. One day this dream will be true. Amazon and all big company will accept bitcoin. Bitcoin price down yo 36k when news come that Accepting News is just rumor. May be later oit happen.

- The Amazon group seems to have released an article about this information and immediately confirmed this ridiculous rumor, they also don't add projects that collaborate with blockchain experts or announce a token of their own, it's all a zero and I also don't expect people to continue to weave this story and about the future of Amazon or any corporation. It only takes a few days to listen to rumors and a few more days to get official confirmation, suspicion and reversal, the combination is enough to cause dumping and burning of investors' houses.

According to the insider, Amazon hopes to accept Bitcoin payments by the end of the year.Accepting Bitcoin payments on Amazon is a big deal in itself. Moreover, it may push other big retailers to embrace cryptocurrency. But there are also a lot of other factors at play. As such, right now, it's too early to tell how this will all play out.

I don't know from where CityAM got the news. This is the issue when you solely rely on "anonymous" sources. Obviously Amazon has "some" interest in cryptocurrency (similar to the case with Facebook and Tesla), but it is too early to say whether they want to stick with Bitcoin, or come up with their own coin/token. Institutions and corporations know that cryptocurrency is the next big thing in technology and they don't want to lose out. But the big question is which approach they would like to take while dealing with cryptocurrency.

https://bitcointalk.org/index.php?topic=5351420.0

Possibly could be their strategy on why they're adapting cryptocurrency as transactions and for payments, and this statement clearly tells why it could be sus, they can make excuses and use Bitcoin's volatility, but then again, this is another step forward towards the future, let's just hope it doesn't suck.

Lots of people have been waiting for this event to happen because it will surely have a positive impact on Bitcoin. Events and adoptions like this are important in the growth and development of Bitcoin as a currency. I just hope that the Amazon would really make it possible by the end of the year because it has been announced months ago.

I don't think that we have to trust this insider, you know that pump and dump schemes can happen because of this rumors plus we don't know if that insider is just riling up the market because he/she has a portfolio that he/she wants to grow by an exponential amount in a matter of months. Be careful with rumors because they will be a cause for your losses.

Check the previous posts. Amazon has issued clarification, saying that the news is fake. They stated that they have an interest in cryptocurrency, but most of the article is far from the truth. And that is the reason why the exchange rates fell by more than 10% in the last 24 hours. But personally, I am not that disappointed. The cryptocurrency journey is full of ups and downs and we don't need to bother about temporary setbacks. If PayPal has accepted Bitcoin, then it is just a matter of time before others such as Amazon and Microsoft does the same.

Currently there are many different news, currently there is no one answer that is the same, there is news that they do not accept BTC for payment and vice versa I am very confused now that what is the correct answer? real.

Let's just lean on that possibility despite the denial that they've made about cityam's article. The article have overwhelmed the market but we're having the same feeling that Amazon is going to be here soon.

It's only a matter of time until they're the ones that will announce it publicly that they're already accepting bitcoin payments. But for now, there's not that much expectation anymore about this clarification.

those companies that sell products may just instantly exchange their BTC for USD if the volatility is a problem for them. Bitcoin has more than enough volume in any big exchange to do so. A partnership with a big exchange would solve that "problem"

Maybe it might take some time before amazon accept bitcoin as a payment. But for now, let's not get disappointed with this fake news because things like these become normal in crypto and this is the reason why we don't have to believe easily particularly when the news are not reliable though.

Once the government will start supporting bitcoin in the near future, i know good things will follow easily. So don't rush things to happen. For now, let's enjoy what we have with the current market. Things might be good for the incoming bull run and everyone is hoping to make huge profits when that time finally comes.

This would be a great one if the news would really be true that Amazon will be open for accepting Bitcoin as a payment option on their platform. But it seems that the news article is kinda not true and reliable to be stated which is a sad thing but, if this will be implemented to be a true one, then it should be a great thing to make happen that another big name will be opening its vicinity towards Bitcoin acceptance.

The Amazon news was confirmed to be a rumor so far. The prices of Bitcoin should fall back down in 2 weeks time. Then buying opportunity around $30k Bitcoin.

Just see the last post in my post history, this turned out to be fake news. Now the magic that this rumor caused to the market has been fully disenchanted. Luckily though whatever effect it caused on the market, that effect seems to hold more or less for now. Still around healthy $40k, which is a positive outcome of all of this! :D

Are you sure?
Even if it is still a rumor, but it can be true someday. I am confident that Amazon to accept Bitcoin after considering many parties are already involved in Bitcoin. Also, we can see that some big companies already take a part in having Bitcoin. This can be a good reason to allow Bitcoin for payment purposes.

No guarantee of this. Sure, there should be a decline after a pump yesterday and today. But we don't know how far the Bitcoin price will drop. However, I am optimistic that the price of Bitcoin will survive above $30k in the near future.

Yes it seems it has been confirmed to be a wrong rumor. I also think that only because Amazon doesn't accept Bitcoin today or this year doesn't mean that it is totally off their agenda. They certainly have plans to get involved at some point. Look, Bezos is one one of those guys who is shooting rockets into space. I would be surprised if he were to totally ignore an innovation of Bitcoin's level.

Yes they didn't confirm it and see this article https://www.google.com/amp/s/www.bbc.com/news/technology-57971451.amp but maybe your right in future we can see bitcoin accepted as payment option to them but for now since the news is not confirm maybe we should  not take the hype to much as manipulators really want tl see the news spread as they can get a benefit on it if bitcoin price soar high the same as what happen these days.

Amazon has to speed up the process of adding payments in cryptocurrencies because there are others who are ahead.

I have seen a tweet from "Shopping" that is a platform for crypto ecommerce. I have not checked it yet but the platform allows you to buy items on Amazon, Walmart and Ebay with 100 different cryptocurrencies.
Shopping has mentioned other benefits such as buying through Binance Pay and discounts to all holders of its $SPI token.

I also found that Amazon has a job position like:
Digital Currency and Blockchain Product Lead

It will be such a good news if it really happen. I think it is a good sign if a huge name like Amazon accept Bitcoin as a payment by the end of the year. I think people will be more common with bitcoin and also bitcoin will be more famous and I hope it will give a good impact to the price.

Everyone always talks about a buying opportunity once the price drops but most never actually buy but talking about how that price will continue to fall. However, it is not certain that the price of Bitcoin will fall back down to $30k because Amazon confirmed that the rumor was not right but we can see that the Bitcoin price is still holding around $40k current trading @ $39k+ as am writing this. Let's see how everything goes in the next few months. 

Obviously some people do buy the dips or otherwise we wouldn't see those strong resistance levels hold. If Bitcoin drops 20% I think that is when real opportunities arise. 10% up or down is neither a threat nor a great opportunity, but if it loses 20% that's where you can slowly expect a bounce back in price. Even though Amazon now denied the rumors Bitcoin is still holding strong. That is a very positive sign!

No question, I too believe that some investors buy the dip even though @nicerypto was right about people always talking about price dips and end up missing because they were still hoping on some more downtrend.
True that Bitcoin is still Hodling good in the upper $30+ks despite the Amazon rejection of them accepting Bitcoin by EOY which shows that, Bitcoin seems to be doing good and I have seen some charts from some Analyst indicating that Bitcoin seems to be recovering when compare to past weeks/months price chart.
 

Haha ya,,, but I honestly thought it was true, just not what people were thinking it meant (as in yes they were thinking of taking Bitcoin but no this did not mean millions of new users at all).

Are you sure we should be giving them credit for trampolining the market though? I think this is actually just a natural moment for the bulls to consolidate the actions of the past months.

Yeah, that's been shot down already. This is just rumours and none is true. Though at least for now, there might be a not too distant future where BTC payment will be accepted by Amazon but considering this rumour perhaps it will be wise to wait for the official announcement.

The reply from Amazon was very vague. They denied the rumors, but at the same time they reiterated that they have an interest in cryptocurrency. The rumor first appeared in CityAM, which is a very unreliable source. So it was surprising to see many of the cryptocurrency users taking it seriously. But the plus point is that the denial from Amazon team was not very strong. And that is the reason why the prices recovered to ~40K levels shortly after the announcement/clarification from Amazon.

well:

https://i.imgur.com/g8gcuYv.png

it seems that there are still many people who do not know that this news is false, the price keeps going up a lot, I wonder what it will be like in days when all people realize that this news is false I was very surprised that a false news has managed to do the price increase at this level in just hours


if they admitted then they would be part of market manipulation and also he should be looking at the legal issues before making a formal announcement

maybe this is the cause of bitcoin prices rising these days.
I think there will be more good news about bitcoin so with positive news about bitcoin this will cause the price of bitcoin to rise again, hopefully it's a good journey for bitcoin towards $70,000 by the end of this year.

No this already turned out to be a rumor. See some other topic where it is explained why this rumor is not true.

$70,000 is a long way to go from here and I am not sure we are going to see $70,000 this year. I would be happy if we can get at least a little bit closer to the ATH.

This news was the reason for the growth of BTC the other day. But as I heard the founder of Amazon, Jeff Bezos, denied this fact, surprisingly, the price is still near 40 000$. Maybe, it is a real new bull run now, isn’t it? Or the price wasn’t pumped just by this news?
Anyway, I hope that Amazon, as well as Tesla, and other big companies will start using BTC. It will be a trigger for a huge growth.

Amazon and Jeff Bezos are known for constant innovations. It makes sense to at least try making a move with cryptocurrencies. They might lose market cap against a competitor who could decide to accept only cryptocurrencies in its business model. Who knows..

Nevertheless, this could have a big impact on the market especially if Bezos also decides to join "arms" with Musk and start stacking bitcoins as well.  ;D

If small and middle tech companies accept cryptocurrency more popularly, Big Techs will participate in the trend. They can not stay outside the trend because if they do so, small or medium companies will beat them, and take over their Big Tech positions.

In technology, things change very fastly. Apple, Sony, Toshiba, Kodak are good examples on how fast a big company can fall to bankruptcy.

Amazon will not want to end like that. They will reconsider about cryptocurrency or it is already in their plans.

I'm not sure about the validity of this news, amazon has said it's just an untrue issue...

but we don't know if Amazon will accept Bitcoin in 2022, maybe they will change their mind. Bitcoin adoption can't be denied, sooner or later they have to do it.

Of course, those who have closed their doors for bitcoin might eventually change their minds and will soon to accept bitcoin in the long run. Bitcoin adoption is inevitable and that big or small companies will soon to be accepting bitcoin so they can cope up with this fast changing world of big technologies.

For now, we may feel upset if amazon will not yet accept bitcoin as a payment method but sooner or later, bigger companies will open doors for bitcoin and will surely create huge impact on the market.

The good thing about it is we knew earlier that this news was only a rumor but on the other hand it would be a beneficial thing for the general cryptocurrency especially bitcoin if Amazon will going to accept bitcoin as a payments by the end of the year. This will lead for a flight to the moon of the bitcoin price, however, bitcoin will probably going moon soon even without this big news but as I've said earlier it would be a great additional to the flight of btc price at the end of the year.

Amazon denies report of accepting bitcoin as payment (https://www.reuters.com/business/retail-consumer/amazon-denies-report-accepting-bitcoin-payment-2021-07-26/)


I'm not anymore sure what's the reason why bitcoin is still bullish, if there's another big news that not related to amazon, I'd like to know here.

I asked myself exactly that question. If the Amazon rumor got Bitcoin moving towards $40k, why didn't Bitcoin retreat massively when it turned out that the rumor was in fact bullshit? There must be something else going on or it is a kind of snowball effect that Amazon got the ball rolling and now there is some momentum in the market. Or maybe some institutions know a little more and do actually know that Amazon might not be planning it for 2021, but for 2022.

I don't think so. Recently most of us know that amazon will accept tow altcoin in the year 2021 and then 2022 they will accept more coins for thir payment method. Actually i don't believe such type of news until they officially published. I think this would be the news of gambler for their interest. We have to stay away from such rumors.

even rumors would be an important turning point when it actually made news. We can't really be sure until there is an official announcement from Amazon, but the important thing we have to understand is that if this adoption really happens, it will increase people's trust even more. Technological developments provide many choices for people to choose a payment system according to their needs.

I am planning to buy Trezor wallet before the year ends on Amazon, and I'm planning to wait until Bitcoin payments are finally live and running in their e-commerce platform. Amazon Affiliates would also be happy about it as crypto and blockchain enthusiasts are gonna shop more on Amazon because of it's acceptance of Bitcoin.

However, the concerns that we are having nowadays if Bitcoin will be used as mode of payment are transaction fees, volatility and the duration of it's confirmation (unless they use lightning network).

These rumors started in late 2013 or 2014 if i remember correctly that Amazon is going to accept BTCitcoin when Overstock, Wordpress, Namecheap started accepted payments in BTCitcoin we started hearing the rumor of Amazon planning to accept BTCitcoin and we never saw that 7 years down the line, anyone who is in the market during that period will remember the same rumor with Paypal as well accepting BTCitcoin during late 2013 and it took 6 years for them to start accepting them and like that we might see Amazon accepting them as well in the future.

I really hope it deosnt end like that of Tesla. Also, I sometimes become insecure when I see news like this. It seem like an attack even though they might have geniune intentions. But the way they'll impact the market is something I fear for because what can do you good can also do you bad. Like Tesla!

I agree with you that many irresponsible parties create rumors that are not true, this is what causes the market price to collapse I am very worried about the rumors circulating in the end the price of all coins fell as you said yesterday's experience was like Tesla.

But I also dislike most of the talk surrounding charts. All those charts can't capture some of the most important events anyway. Let it be political decisions or any other events that are not in favor of crypto. Charts can catch trends and given all the uncertainty that Bitcoin is dealing with all the time, I just stopped listening to those chart gurus and paid way more attention to what is happening in the political and regulatory environment and of course also what is happening on the tech development side of things. How would a chart tell me if in 5 months from now there will be a breakthrough announced by Ethereum developers that elevates its tx capacity by a significant jump?

I think this was already rumored to not happen, Amazon already confirmed that it doesn't have any intentions so, it seems that your aspirations is going down the dumps. Yes they will impact the problem is that they're not going in, yet. This kind of thing takes time but if we bide our time correct, we will be able to be just fine.

Irresponsible parties? Irresponsible to whom? To those who don't use the rumors to make cash? I mean whoever put that rumor out into the world certainly made some people happy. They could have gone long with leverage and make a lot of money once such a rumor actually is working out successfully. Those rumors definitely serve a purpose, at least in most of the cases.

Amazon has already announced that they will soon be offering Bitcoin payments.Going to receive. After their announcement, the bitcoin market is growing a bit more than before. It is expected that they will approve Bitcoin by the end of this year.

It doesn't work that way. Don't forget we're in the open world space, where you cannot trust anything or anyone. Just because they gave a guarranty doesn't mean they'll stick with it. But, don't get me wrong. I'm not saying that they'll mess up. I'm just saying that we shouldn't really carry it in our minds. Amazon can choose to do anything; we do not and can not control them.

I didn't read it yet, could you show me the source?
I assume you mislead in reading the news, no team members of Amazon stated an exact time to accept Bitcoin. So, how can you say "soon"?
I know it is very glad if Amazon accepts Bitcoin, but we must know it is still a rumor. I am worried if you all guys be very unsatisfied once Amazon officially rejected the Bitcoin payment idea.

90% of the news posted here is fake, and in case you want to know what Amazon said about Bitcoin, you need to refer to the official statement made by them. And here is what they said:

https://www.aljazeera.com/economy/2021/7/27/amazons-denial-on-accepting-bitcoin-sends-it-tumbling


The statement is a bit tricky. It indicates that Amazon has some interest in Bitcoin. And similar to the case with PayPal, we will get to know about it only after they actually implements it in their system.

Where's the article or proof that Amazon announced it because there's a news around that this was all just a rumor that was already debunked by Amazon themselves. I really hope that it's true but I don't think that we're going to see them by the end of the year accepting bitcoin or crypto payments.

I believe Amazon dropped a bait to see how the reaction of their public regards the possibility of adopting bitcoin would be. Or maybe they just wanted to see how influent they can be in crypto universe, so they can launch their own crypto currency and let bitcoin aside (considering how much bitcoin rised after these rumors were spreaded, about 15% during the day, they are quite influent).
That is actually the dream of many big techs. They have zero interest for bitcoin, they just want to replace it with their own currency.

Yep, that's why I ask him for the source. I suspected he spread the wrong news, so I want all members here to not easily believe it.
I already read that news, it became a hot topic for discussion in this forum and some social media several days ago. Unfortunately, we still didn't hear an update after that statement.

It is true, they are trying to make a statement wisely but still show to people their interest in Bitcoin. If we learn the statement, they are still considering adopting Bitcoin but they need some time to ensure it. They probably want to know people's interest to use Bitcoin in Amazon firstly. In addition, they are thinking about the good and bad impacts of adopting it.

I'm tired of this news kept raging over the internet, then now Op stated about their so called plans on accepting btc as their payment. So be it, let's see what really the outcome for this plans and if ever there's no evidence for any legitimacy of a specific statements from provided link; then it's considered as hoax.
Reliable source is really important, not just a paid adds will make all things possible but we need the truth behind all good words that we're about to hear.

There is a stock that holds the btc for me. so if I need fiat, I just sell the stock on teh stockmarket. its called Cypherpunk (HODL).

That is a very real possibility, and even if they didn't drop the bait they still didn't close their eyes and missed that the market went for a quick bull modus only because some media published an unverified article about rumors Amazon accepting, just accepting Bitcoin. We are not even talking about further plans Amazon could have, but just by accepting Bitcoin the market turned green big time. They will draw their conclusions.

today bitcoin price has started to rise is this the influence of the news amazon wants to accept bitcoin I hope it's true there is a possibility at the end of this year bitcoin prices are getting bullish.

It is difficult to identify in detail what makes Bitcoin price increased today, but good news related to Amazon is probably one of the reasons. Since a rumor of Amazon wants to accept Bitcoin, Bitcoin price tends to increase gradually. I think with the rumor, people have a big motivation to have Bitcoin anymore. They must realize the possibility of a big pump in Bitcoin price if Amazon officially announces they accept Bitcoin payment tools.

Amazon denied accepting bitcoin as a payment method and it was all fake news, and that caused in bitcoin going up a bit, but after Amazon denied the price went a little bit down, it is crazy how small things can affect the crypto market, just some words from random people online, but to be honest, if Amazon adds bitcoin as a payment method, it's going to be bad with the high fees of it, i won't even use it.

As long as there is good news, it will likely have an impact, of course there will be and we hope that, hopefully there will be more good news that will strengthen.

whatever happens we must be grateful that the good news can certainly have a significant impact on bitcoin after the bad news that has always been seen so far. although it may not guarantee that the news will be true but as long as there are no problems for improvement and we hope that such news will continue to appear to provide encouragement for investors and institutions to be more confident again. there will always be hope from the crisis that has been experienced in the past, hopefully it will continue to have a good impact until the end of the year.

It will affect the price of Bitcoin and Bitcoin was manipulated by Elon Musk a couple of weeks ago. Bitcoin is not immune to manipulations just like fiat is not. Bitcoin is more prone to being abused by rich people because it is a new currency Bitcoin is a little over 10 years old while fiat currencies have been around for much longer and still get manipulated and abused by the rich.

Don't expect it to repeat again and again. The cryptocurrency sector was entirely unprepared for the manipulation by Elon, and on top of that there were several other contributing factors, such as the mining ban in China. Elon initially supported Bitcoin and then suddenly changed his stance. And this caused a rout in the market. But now everyone is prepared and I don't think that similar manipulation will ever be repeated. I am curious about Amazon. I want to know which route they want to take. Are they going to create their own crypto, similar to the earlier plans by FB? Or are they going to manipulate the market, like Tesla? Or can we expect them to adopt a mutually beneficial approach, similar to PayPal?

What is the point of your discussion? Just dreaming? It was already proved that this announcement of Amazon is fake. If Amazon really starts to accept Bitcoin, that wont change situation a lot. Because usually regular people order goods there, but crypto geeks prefer to stay anonymous and dot give their delivery address when paying with Bitcoin, or will simply hold, instead of spend their Bitcoin.

I dont care at all.... amazon is fine, but my crypto is not going to be used on spending. it's my personal store of value

The more adoption of bitcoin increases, the more it's encouraging to hold as the value will increase more due to the increase in demand. There's no confirmation yet as to when they will accept bitcoin and crypto, these are just all rumors but as what the development we are seeing now, it will not take time before they ride with the popularity of bitcoin.