If Amazon were to announce Bitcoin support on Feb 2nd....

[Davehad]

If Amazon were to announce Bitcoin support on Feb 2nd which currencies would you think would be best to be holding?

[Red-Apple]

If Amazon were to announce Bitcoin support on Feb 2nd which currencies would you think would be best to be holding?

it is hypothetical but isn't the answer obvious already?

the answer is bitcoin! think about it and look at some price history. each time bitcoin has a big rally, altcoins mostly drop. some of them drop even harder than others.
even if any of them rose, their rises wouldn't be as big which means having your money elsewhere is loss-of-opportunity.

[preshpr1nce]

This would be amazing for crypto exposure, not sure if bitcoin in it's current state makes a good payment currency (I wouldn't ever use BTC to buy on amazon) but the exposure alone is worth it's weight.

Once you have microsoft and amazon accepting crypto, this whole idea of "they hate it and want to kill it" goes out the window in my eyes!
Just take a look at some of the worlds biggest finance names, you'll see both Bill Gates and Jeff Bezos are very friendly with these people.

[jossiel]

If Amazon were to announce Bitcoin support on Feb 2nd which currencies would you think would be best to be holding?

You mentioned bitcoin already so that's an obvious answer.

You should modify your title from "If Amazon were to announce Bitcoin support on Feb 2nd...." --> " If Amazon were to announce Bitcoin crypto support on Feb 2nd...."

This would be amazing for crypto exposure,

This has been discussed since last year and I'm not so sure if there are sources that on Feb 2 something like this will come out.

[cynical]

Personally I dont think this is going to happen and im not sure it would be good or bad for Bitcoin.
We need more adoption but from the likes of a global online goods seller im not sure.
While the price at the moment is kind of stable,
it could start a run like 2017 and become out of control which would not be good for traders of goods.
Bitcoin and other coins like Litecoin are perfect for Peer-to-Peer payments, cutting out any middle ground.

[leea-1334]

If Amazon were to announce Bitcoin support on Feb 2nd which currencies would you think would be best to be holding?

it is hypothetical but isn't the answer obvious already?

the answer is bitcoin! think about it and look at some price history. each time bitcoin has a big rally, altcoins mostly drop. some of them drop even harder than others.
even if any of them rose, their rises wouldn't be as big which means having your money elsewhere is loss-of-opportunity.

Actually I am beginning to doubt that these types of merchants will have any real effect on Bitcoin. Anyone who buys things online will have heard about Bitcoin by now. Anyone who is using Amazon would probably not switch to Bitcoin. But yes, people who have been waiting for Amazon to reach their countries might now be able to start accessing it, but at the same time, this will not push adoption. Because these will be people who already use Bitcoin. What will make a person start using Bitcoin? Not the things Amazon does I am sure.

[kevin987]

if I recall correctly, amazon has 1500 transactions a second/ #or minute?.

Guess with this bitcoin, it wont be bitcoin. The crypto has to be able to process such a huge amount of transactions

[findgreenland]

If Amazon were to announce Bitcoin support on Feb 2nd which currencies would you think would be best to be holding?

That will be a great news for all of us.
And to the altcoins right now, Eth/Ripple/ARDR can be a great choice for all of us.

[al1n]

It shouldn't / cannot be bitcoin due to the current network limitations (speed, fee).
I would say eth, ltc or xrp (or a combo).

[redwhite037]

I think not. Bitcoin deals very slowly. can not meet for amazon. I think eth or ripple will be accepted by amazon. Because the speed of transaction is fast

[celtic99]

A lot of online vendors actually stopped accepting bitcoin because of high transaction fees and it can be slow.  That being said, bitcoin is still a great store of value.

[alyssa85]

If Amazon were to announce Bitcoin support on Feb 2nd which currencies would you think would be best to be holding?

They won't do it. They might promote their own coin though:

https://futurism.com/could-amazon-be-launching-its-own-cryptocurrency/

Domain Name Wire (DNW) reports that three domains were registered this week that are related to blockchain technology and cryptocurrencies: amazoncryptocurrencies.com, amazoncryptocurrency.com and amazonethereum.com. Initially, one may think the retailer is preparing to reveal something related to Ethereum and Ether tokens, or that it’s about to launch its own crytocurrency.

They've either bought these domains so no-one else can squat on them. Or they are going to launch their own cryptocurrency.

[bearex]

A lot of online vendors actually stopped accepting bitcoin because of high transaction fees and it can be slow.  That being said, bitcoin is still a great store of value.

It makes no sense. The vendor doesnt even pay the fee, the buyer does. And if they are worried about the fee when exchanging BTC, they could always just use BitPay or some other payment processor which allows crypto payments.

[Poink]

If Amazon were to announce Bitcoin support on Feb 2nd which currencies would you think would be best to be holding?

Given your parameters.. Bitcoin/BTC (and what ever else they will accept)

It doesn't mean BTC will be used by many to pay but it will have a huge impact on BTC/crypto acceptance worldwide.  It may cause a surge on BTC price that may cause alts to plunge but that should be temporary and will eventually correct.  All in all, it should be a positive news for crypto in the long run.

I hope it happens and we need more businesses to do this!!!

[Alanin]

If Amazon were to announce Bitcoin support on Feb 2nd which currencies would you think would be best to be holding?

it is hypothetical but isn't the answer obvious already?

Best reason of the day to donate merit

[bocyaj]

If Amazon were to announce Bitcoin support on Feb 2nd which currencies would you think would be best to be holding?

it is hypothetical but isn't the answer obvious already?

the answer is bitcoin! think about it and look at some price history. each time bitcoin has a big rally, altcoins mostly drop. some of them drop even harder than others.
even if any of them rose, their rises wouldn't be as big which means having your money elsewhere is loss-of-opportunity.

Yes their is a big rally to became a top one of the Crypto currency.Bitcoin is already on the top,the competition was between the altcoin to replace the bitcoin.Ethereum,litecoin,Bitcoin cash,Waves and Monero having good potential and they in the rally.Bitcoin is king of Cryptocurrency.

[Dtrucksguitarfan]

If Amazon were to announce Bitcoin support on Feb 2nd which currencies would you think would be best to be holding?

it is hypothetical but isn't the answer obvious already?

the answer is bitcoin! think about it and look at some price history. each time bitcoin has a big rally, altcoins mostly drop. some of them drop even harder than others.
even if any of them rose, their rises wouldn't be as big which means having your money elsewhere is loss-of-opportunity.

Yes their is a big rally to became a top one of the Crypto currency.Bitcoin is already on the top,the competition was between the altcoin to replace the bitcoin.Ethereum,litecoin,Bitcoin cash,Waves and Monero having good potential and they in the rally.Bitcoin is king of Cryptocurrency.

I agree 100%.  Bitcoin will NEVER be in wide use for point of sale in a brick and mortar store or internet sales at high volume retailers.  The transaction time and the fees have removed that option from the table.  There are other coins which are much more capable of doing this.  Etherium and Litecoin would be my two picks that would do well in this market. 

[bucciarati]

another year another story, i have already heard of amazon accepting bitcoin in late 2017 but this is pure speculation right?
so only for the pleasure of speculation obviously it will be big, not for real use because apart for very big whales i think noody is going to buy things with bitcoin (but things will change in future) but sure under it will be a great form of marketing

[patrik58]

the answer is clear… but it is 'if'

[pr3m0nition]

obviously it would be best to hold bitcoin exclusively, But the fees and transactional latency will not allow this to happen. customers would spend so much on fees for the majority of items.