Predict the Date: When will Amazon accept Bitcoin ?

[cgriswold]

Saw this item on Amazon  http://www.amazon.com/999-Fine-Copper-Bitcoin-Commemorative/dp/B00DEY7JYO/ref=sr_1_4?ie=UTF8&qid=1388288211&sr=8-4&keywords=bitcoin   It is a commemorative Bitcoin.  Purchases now possible only with cash or credit.  My guess is I will be able to buy this item on Amazon using Bitcoin for next year's Christmas season.  I am interested in other estimates on when this will happen. 

[Bono]

Saw this item on Amazon  http://www.amazon.com/999-Fine-Copper-Bitcoin-Commemorative/dp/B00DEY7JYO/ref=sr_1_4?ie=UTF8&qid=1388288211&sr=8-4&keywords=bitcoin   It is a commemorative Bitcoin.  Purchases now possible only with cash or credit.  My guess is I will be able to buy this item on Amazon using Bitcoin for next year's Christmas season.  I am interested in other estimates on when this will happen.  

Amazon won't accept it unless everyone else has first. They have their own redeemable "coins".

If it gets truly big, and truly global, Amazon won't have a choice though. They would need to do it because they completely rely on quick shipments, quick payments, and high volume.

They won't ignore the new wealthy elite.




If I had to pick a date it would be at least 2 years down the road.

[cgriswold]

Some further info on acceptance; take a look at this article from Bloomberg Businessweek; http://www.businessweek.com/articles/2013-12-27/does-it-make-any-sense-for-overstock-dot-com-to-accept-bitcoin  The CEO of Overstock.com says by mid 2014 they will accept Bitcoin.  This was also listed by NY Times http://bits.blogs.nytimes.com/2013/12/26/overstock-to-embrace-bitcoin-giving-the-currency-a-lift/?_r=0   Black Monday for 2014 online purchases will most likely have many merchants accepting bitcoin, and if this occurs, how much will this drive up the value of the Bitcoin?  Is $2,000 likely if this happens? 

[JuAnAuJ69]

As Long as the BitCoin has a quick USD sale, anybody and any company can get into it without risking much. The real challenge would be for it to stand as a real currency (not linked so much to dollars)

[Bono]

Some further info on acceptance; take a look at this article from Bloomberg Businessweek; http://www.businessweek.com/articles/2013-12-27/does-it-make-any-sense-for-overstock-dot-com-to-accept-bitcoin  The CEO of Overstock.com says by mid 2014 they will accept Bitcoin.  This was also listed by NY Times http://bits.blogs.nytimes.com/2013/12/26/overstock-to-embrace-bitcoin-giving-the-currency-a-lift/?_r=0   Black Monday for 2014 online purchases will most likely have many merchants accepting bitcoin, and if this occurs, how much will this drive up the value of the Bitcoin?  Is $2,000 likely if this happens? 

If Overstock pushes other big online retailers into accepting BTC as well, I could see it.

Then again it won't need much help as I think it'll be well over $1200 by next winter.

[Dapk1nmasta]

IMO, Amazon will never accept Bitcoin because it's too shady of a currency and the value changes too much. Amazon sells too many items at too various of prices and they have too many sales for it to be worth adding.

The only reason Amazon would add BTC is if everyone with plastic currencies dropped dead.

[The 4ner]

IMO, Amazon will never accept Bitcoin because it's too shady of a currency and the value changes too much. Amazon sells too many items at too various of prices and they have too many sales for it to be worth adding.

The only reason Amazon would add BTC is if everyone with plastic currencies dropped dead.

Hate to say it, but it's true. I agree 100%.

[beetcoin]

i agree with that too, but then again i/we could be wrong. jeff bezos is a libertarian after all. but it would need to make sense for them to do it as a company first.

[hoewer4what]

Not anytime soon, Bitcoin has to adopt more + make buying Bitcoins much easier

[cerleo]

It's hard to say something like this,maybe it will happen or not at all.I suppose it won't be any soon.

[hilariousandco]

Amazon may accept BTC in the future, but it wont be for a while yet. I think if the currency gains more mainstream traction with other merchants getting on board, then I think Amazon will too, but they wont be the first big retailer to adopt it.

i agree with that too, but then again i/we could be wrong. jeff bezos is a libertarian after all.

Is he? He seems just like another greedy tax-avoiding capitalist to me.

[infinitybo]

@Cgriswold Actually that isn't possible to pay something with Bitcoin on Amazon however you can still found some independent seller.

[jeliman]

the acceptance might come, but first, BTC has to stabilise itself and I dont see this coming in the near future. Right now, it is more of an amazing volitile digital commodity with some payment options.

[yatsey87]

the acceptance might come, but first, BTC has to stabilise itself and I dont see this coming in the near future. Right now, it is more of an amazing volitile digital commodity with some payment options.

Depends how you define 'near future'. I reckon it will stabilise eventually, but it will take time.

[Eliezer]

More likely that Amazon will come out with its own currency.

[yatsey87]

More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

[Bono]

More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

Reason #1

Because it's fricking Amazon.

[shorena]

More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

Reason #1

Because it's fricking Amazon.

Reason #0
They allready have their own currency http://www.amazon.com/gp/feature.html?docId=1001166401
Thats also the reason why I think they will never accept bitcoin.

[yatsey87]

More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

Reason #1

Because it's fricking Amazon.

So people will buy into amazon's currency so they can spend it on Amazon? Might as well just vouchers. And any company can create their own money, but it wont be cryptocurrency.

[hilariousandco]

More likely that Amazon will come out with its own currency.

They can try, but I don't see why people would adopt it.

Reason #1

Because it's fricking Amazon.

So people will buy into amazon's currency so they can spend it on Amazon? Might as well just vouchers. And any company can create their own money, but it wont be cryptocurrency.

If they did would it be 100% pre-mined?