I'm honestly confused by people getting so excited about merchant acceptance.
it is Amazon, it is not just some random small merchant
I don't think it's realistic for a company of Amazon's scale to accept Bitcoin at this point.
and why exactly is that not realistic
And if they did, they would need to hedge most or all of the fiat value -- meaning the more that bitcoiners "support" Amazon by spending BTC there, the more immediate downward pressure there is on the price. Spending BTC in this context is equal to selling it.
you think Amazon will sign up on bitstamp or poloniex or coinbase to sell the coins each day
because price is determined on those exchanges not the way merchants receive the money. and you seem to not know about how BitPay works by automatically converting bitcoin back to fiat.
also you seem to forget that for every buy there is a sell. someone buys bitcoin to spend so the merchant sell. there will be a balance.
If people really want the price to go up, they should preach hoarding, not spending.
price will go up with more adoption, more adoption happens with more people coming in, more people should be coming in to use bitcoin as a currency not just bag hold it to dump for more profit, and that will only happen with more merchants accepting bitcoin, and they will only accept it if people are spending bitcoin.
growth doesn't just happen on its own. there is a limit to how many speculators invest and how much price can go up because of them.