Bitcoin Forum
July 24, 2019, 09:35:12 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: [2017-9-22] BREAKING: Amazon Will Accept Bitcoin By October  (Read 874 times)
Franky00
Full Member
***
Offline Offline

Activity: 364
Merit: 105



View Profile
September 25, 2017, 08:07:36 PM
 #21

Even if the news isn't accurate, other retailers will surely take notice and you can bet that Bitcoin will be mentioned in more than a few boardrooms this week as a result.

This makes bitcoin popular, and therefore expensive) But still I want it to be true. This will be an excellent reason for a sharp rise in the price of bitcoin in a short time

1563960912
Hero Member
*
Offline Offline

Posts: 1563960912

View Profile Personal Message (Offline)

Ignore
1563960912
Reply with quote  #2

1563960912
Report to moderator
1563960912
Hero Member
*
Offline Offline

Posts: 1563960912

View Profile Personal Message (Offline)

Ignore
1563960912
Reply with quote  #2

1563960912
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
btcton
Legendary
*
Offline Offline

Activity: 1190
Merit: 1007

Professional SysAdmin / Hobbyist Developer


View Profile
September 25, 2017, 08:36:25 PM
 #22

It's decent news, but people shouldn't expect the price to react on this -- merchant adoption is no longer a price driver. I am not an Amazon user at all, but there is no way anyone can deny their large market share and dominance. At the end of the day, even though they might be accepting Bitcoin, everything will get dumped on the market by their third party payment processor. Only when merchants are going to hold a certain percentage of their Bitcoin sales, the Bitcoin price might end up reacting positively.

I disagree. Merchant adoption is a pretty big price driver when it comes to big merchants such as Amazon, which is the most popular online retailer in the west. The actual fact that they accept Bitcoin is not in and of itself a good cause for Bitcoin value to go up, since as you said, they would most likely be converting the bitcoin as soon as they get it, but the fact that it can become an option increases the popularity of the Bitcoin name which may interest more people and inherently give more value to the currency, since the general demand for it would go up. The actual price delta is arguable, but the effect would be very real regardless simply because of the promotion of its existence.

Nothing to say.
vit05
Hero Member
*****
Offline Offline

Activity: 672
Merit: 524



View Profile
September 26, 2017, 01:00:33 AM
 #23

This has already been refuted.
wilhb81
Full Member
***
Offline Offline

Activity: 224
Merit: 100


Any store can buy, sell, and accept Crypto


View Profile
September 26, 2017, 07:53:24 AM
 #24

When I first heard about this news, I was very excited. However, cointelegraph has been stated that it's only "an unverified rumor"...  Sad

________Any Store Can Buy, Sell and Accept Cryptocurrency________
█████████ ██ ███ ██      PUNDI X      ██ ███ ██ █████████
Whitepaper      Twitter      Facebook      Telegram      Medium      Youtube
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!