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Author Topic: If Amazon were to announce Bitcoin support on Feb 2nd....  (Read 438 times)
Vaerros
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January 25, 2018, 05:39:42 PM
 #21

the more large companies support crypto, the higher it goes. Visa seems not to support it
AlienWithBTC
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January 25, 2018, 06:45:46 PM
 #22

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

IF that would happen then it would seem obvious to me that bitcoin would skyrocket, as that would be the one being supported by amazon?
Pickle-Rick
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January 25, 2018, 07:06:29 PM
 #23

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

I also cannot see it until they get the lightning network working properly. Currently the fees are too high and things are too slow. Until that is fixed I cannot see them accepting it. Maybe around 2019/2020 would be my guess.
go4crypto
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January 25, 2018, 07:34:10 PM
 #24

Amazon registered some crypto domain names last year e.g. amazonbitcoin.com.
Also have seen rumors of Amazon adding Litepay (Litecoin) or starting their own
crypto exchange. I think it is just a matter of time for some crypto related positive
news from Amazon.
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January 25, 2018, 07:35:17 PM
 #25

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

I also cannot see it until they get the lightning network working properly. Currently the fees are too high and things are too slow. Until that is fixed I cannot see them accepting it. Maybe around 2019/2020 would be my guess.
Yes, mostly of those big companies name got involved in accepting Bitcoin are starting to remove Bitcoin on their pay list choices because of the transaction fees problem but if the Lightning Network would work or the transaction fees will be starting to lower there might be a possibility that they will going to accept Bitcoin again. For now the only source to make a transaction with low cost fee is the Lightning Network but it is not working properly yet and it is currently under development.

3996
burdeN
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January 25, 2018, 07:48:30 PM
 #26

That would be awesome, that one of the top e-commerce sites started to support bitcoin or even some other cryptocurrency, for example, litecoin. That would cause a wave of accepting crypto in other e-commerce projects. Unfortunately, this won't happen in nearest future I think. Bitcoin is not the best decision to pay with if we are talking about mass e-commerce market
andrei56
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January 26, 2018, 06:00:45 AM
 #27

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
There has been speculation of amazon accepting bitcoin for a long time and it has not happened yet and I do not see a reason why it should happen right now, so the best thing to do is to concentrate in other things instead of wasting our time in something that is not going to happen anytime soon.
AmazingDynamo
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January 26, 2018, 06:14:05 AM
 #28

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

The bitcoin itself , since you told that amazon will be supporting bitcoin that is obvious that we should hold bitcoin , and hope to happen and i guess that the price will hit its past all time high.
andrei56
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February 01, 2018, 01:37:16 AM
 #29

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

I also cannot see it until they get the lightning network working properly. Currently the fees are too high and things are too slow. Until that is fixed I cannot see them accepting it. Maybe around 2019/2020 would be my guess.
Even with that I have my doubts about the acceptance of bitcoin from amazon, many people here in the forum want to just use their bitcoin without having to go through any kind of KYC policy and that is not going to be possible with amazon which is an American company, so even if Amazon accepted bitcoin how many people here will use it? Not many I guess.
TimtheYoutuber
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February 01, 2018, 02:06:00 AM
 #30

IF they did then of course the currency that they accept will moon. However you would see smaller increases in the other top coins as it will bring more awareness to cryptocurrency.

Positivebetting
Dragonrage201
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February 01, 2018, 02:15:23 AM
 #31

Such news whenever it happens will surely cause a big spike in bitcoin price
and jumpstart its next rally.
OriginTrain
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February 01, 2018, 02:23:43 AM
 #32

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.

I don't think so. Bitcoin was widely accepted but then discontinued by many websites due to the high transaction fees. I highly doubt bitcoin will be adopted by any mainstream site until this is fixed. Other cryptocurrencies may be used however.
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February 01, 2018, 02:24:49 AM
 #33

I don't believe it's still suitable for retailers to trade using bitcoin. Technology is not the best for small transactions and customers won't be using BTC to pay unless fees change.
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February 01, 2018, 02:27:40 AM
 #34

Bitcoin will be the only pick, else I find ways that Amazon might be coming with its own token for the purpose of transaction. Already more firms have initiated the same plan using their own tokens. One such is the online market gift for wholesale needs alibaba.com
nascrypto
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February 01, 2018, 03:55:45 AM
 #35

Had been hearing this rumor in different forums. But not really sure whether amazon has any plan to incorporate crypto or not. Still the crypto market is much more volatile. It needs some time to settle down.
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February 01, 2018, 11:02:41 AM
 #36

They will announce it this has been teased for a really long time and i think the network is also a bit stable now it can be the right time. This will help bitcoin recover from the current state it dying , altcoins are killing this can be the last hope for bitcoin to grow again
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February 01, 2018, 12:08:11 PM
 #37

Bitcoin is still king and will remain in that position for at least the whole 2018. I do hope that lightning will be adopted throughout the year, because this is a big game changer. All the merchants that stopped accepting it would jump straight back in.

Branko
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February 01, 2018, 12:37:50 PM
 #38

https://www.litepay.us/


How about this for Amazon?
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