Amazon Puts Down Bitcoin Use Rumor

[BrianH]

Amazon denies it will use Bitcoin and other major cryptocurrencies by year end:
https://www.forbes.com/sites/billybambrough/2021/07/27/bitcoin-suddenly-gives-up-its-price-gains-after-amazon-shock-sending-ethereum-bnb-cardano-xrp-and-dogecoin-sharply-lower/

Also, the "new" job posting Amazon posted for a crypto expert is old news, by at least a month and a half:
https://www.financialnewsherald.com/2021/06/08/amazon-is-looking-for-a-head-of-product-in-blockchain/

It looks like there is some manipulation going on in the crypto space... Elites pulling the strings? Thoughts?

[mk4]

It looks like think there is some manipulation going on in the crypto space... Elites pulling the strings? Thoughts?

Nope. It's mostly just really naive retail "investors"(a.k.a. fomo boys) believing everything they see on Twitter. The same thing happened with a rumour about Apple buying bitcoin like less than a month ago.

[hd49728]

Nope. It's mostly just really naive retail "investors"(a.k.a. fomo boys) believing everything they see on Twitter. The same thing happened with a rumour about Apple buying bitcoin like less than a month ago.

Rumors come out before something real will happen. I don't believe in rumors but the fact is the growth of blockchain industry will put big corporations under the unavoidable changes. They will have to develop their blockchains, upgrade their systems to serve future demands on blockchain-based merchants, etc from their customers.

They will open their gates for Bitcoin and cryptocurrency. It is matter of time and I expect to see it before the next halving of Bitcoin, in 2024.

[DOH!]

It looks like there is some manipulation going on in the crypto space... Elites pulling the strings? Thoughts?

I don't think it's really an act of pulling strings by overthinking.  Information about Amazon is not unfamiliar to this market.  That is not the impact for this rally, the retailer has increased very quickly in the past 3 days, the volume of buying and selling is consensus.  Bull markets are just a matter of time and patience.

[Silberman]

It looks like think there is some manipulation going on in the crypto space... Elites pulling the strings? Thoughts?

Nope. It's mostly just really naive retail "investors"(a.k.a. fomo boys) believing everything they see on Twitter. The same thing happened with a rumour about Apple buying bitcoin like less than a month ago.

Correct, people believe whatever they are told especially if it is something that benefits them, so someone just created this by either misreading information or just saying what he wanted to happen and people began to misinterpret it and then all of this happened, however people also do this not only out of ignorance, there is an old proverb that says ‘buy the rumor sell the news’ and this is exactly what those retail traders are doing.

[mckinleeanael07]

Currently, the fact of accepting BTC as payment for goods in the amazon store has not been confirmed as true, because currently I have not seen the option to pay in BTC, so the news has not been confirmed to be true the truth.

[jossiel]

Okay then case closed.

The market has already stabilized with that news so everything we see right now is natural again. There's no more FOMO happening with this clarification and that's a better news than that rumor.

[20kevin20]

Great then. The less corporations coming in the Bitcoin world before it becoming mainstream, the better. No need for corps to join us, Bitcoin does a tremendous job all by itself.

[hatshepsut93]

It looks like think there is some manipulation going on in the crypto space... Elites pulling the strings? Thoughts?

Nope. It's mostly just really naive retail "investors"(a.k.a. fomo boys) believing everything they see on Twitter. The same thing happened with a rumour about Apple buying bitcoin like less than a month ago.

I was chucking yesterday at people calling this unverified rumor "great news that will bring Bitcoin to new heights". It's very sad to see so many people in Bitcoin community being blindly led by their emotions. "Don't trust, verify" is one of the principles of Bitcoin, but people always trust and believe in anything that could mean that their coins will go up, ignoring all critical thinking.

[Fortify]

Amazon denies it will use Bitcoin and other major cryptocurrencies by year end:
https://www.forbes.com/sites/billybambrough/2021/07/27/bitcoin-suddenly-gives-up-its-price-gains-after-amazon-shock-sending-ethereum-bnb-cardano-xrp-and-dogecoin-sharply-lower/

Also, the "new" job posting Amazon posted for a crypto expert is old news, by at least a month and a half:
https://www.financialnewsherald.com/2021/06/08/amazon-is-looking-for-a-head-of-product-in-blockchain/

It looks like there is some manipulation going on in the crypto space... Elites pulling the strings? Thoughts?

If Amazon really does want to get in the Bitcoin game, probably something along the lines of the Paypal operation, then they might be looking to suppress the bitcoin price in the short term so they can stock up at a lower price. If that is their hidden strategy then it is very possible that some higher ups got very angry when such a leak was announced. There may even be other reasons for Amazon to be advertising such a position - maybe they'll use Bitcoin or another cryptocurrency to move their funds across borders, being able to avoid banking fees that they have no control over. Alternatively they might be interested in the blockchain technology only as a means for tracking inventory integrity or some other purpose.

[fiulpro]

Amazon denies it will use Bitcoin and other major cryptocurrencies by year end:
https://www.forbes.com/sites/billybambrough/2021/07/27/bitcoin-suddenly-gives-up-its-price-gains-after-amazon-shock-sending-ethereum-bnb-cardano-xrp-and-dogecoin-sharply-lower/

Also, the "new" job posting Amazon posted for a crypto expert is old news, by at least a month and a half:
https://www.financialnewsherald.com/2021/06/08/amazon-is-looking-for-a-head-of-product-in-blockchain/

It looks like there is some manipulation going on in the crypto space... Elites pulling the strings? Thoughts?

Even if they denied the fact that they might be using bitcoins and other cryptocurrencies, why is this a big deal? They are private companies working forward and involving themselves with new technology, they have to do what's more beneficial for them at the moment. The price of Bitcoins have been really volatile for the time being therefore at the end of the day, companies will try and be distant from a volatile variant..

The reason why Amazon might have hired someone who had a strong background in cryptocurrencies is not actually only because they needed a crypto expert but they might be hoping to integrate, maybe not now but later on and had to see how the implementation will go. It's a big step and if they do it like how Tesla did, using polls on Twitter, it's bound to fail.

Let them take their time.
If they are denying maybe they have different plans.

[Smartvirus]

You know that's what the crypto space has been about since the days of Elon Musk and Tesla as much as I know it. The times have changed, it's now a time of FUD, FOMO and the whales pulling any strings they've got just the turn the Mar in a direction and then, they make a few buxks and again tune it back. It's so said that, experienced crypto users play into this sort of tricks, even with the knowledge that, this could be the sort of thing at play, we still play along. We'll, playing along isn't bad if you could make a few bucks in the process. Where the loses often comes is on the part of those who are selling.

[Imran232]

When amazon says that they will approve bitcoin as a payment method it was just a rumor. Then people made it a sensional news now the soo called news portal comes again to made another fud and say they denies to approve bitcoin. In both case we misunderstood everything. They didn't say they approve bitcoin then how they denied it. They actually denies those news they didn't denied bitcoin and they mention one more thing they are studying about bitcoin. Well they want to announc something like they will made a decentralized method for payment but that should be their own. It should be like types of points, coins and it needs to be buy from there store too. And that might be a decentralized.  But because of Fud news they postponed  that idea too. Now they say they are looking into it.

[romero121]

There is nothing official about the usage of bitcoin by Amazon. People are much into the usage of bitcoin and the same is being used as a source by the news agency making connection to Amazon. We can see more such news floating over different social media platforms. A coffee Shop accepting bitcoin can be believed when a news article display it. A firm like Amazon getting into bitcoin can't be believed the same way.

[Renampun]

...

I've guessed that some people exaggerate this invalid information...

We should be aware that the statements that are not issued by the official speaker of the company should not be taken for granted, but the good thing is that we saw the price of BTC jump to almost $40k in just a few hours.

[avikz]

Amazon denies it will use Bitcoin and other major cryptocurrencies by year end:
https://www.forbes.com/sites/billybambrough/2021/07/27/bitcoin-suddenly-gives-up-its-price-gains-after-amazon-shock-sending-ethereum-bnb-cardano-xrp-and-dogecoin-sharply-lower/

Also, the "new" job posting Amazon posted for a crypto expert is old news, by at least a month and a half:
https://www.financialnewsherald.com/2021/06/08/amazon-is-looking-for-a-head-of-product-in-blockchain/

It looks like there is some manipulation going on in the crypto space... Elites pulling the strings? Thoughts?

Well, that sums up! It's a big business decision for a company like Amazon to actually use a hyper volatile currency system like bitcoin. They could make huge amount of losses if the market goes down. And the kind of volume Amazon handles on a daily basis, that could become a huge amount and it may very well be possible that Amazon will end up paying suppliers out of their pocket. It's a huge business risk and it's extremely difficult to provide business justification to the board members. So that's exactly what I had expected - a rumor!

[bL4nkcode]

Guess what, still many buys the rumor and probably one of the reasons or the main reason why bitcoin rose from 30k~ish to 40k. Though they just announce about the denial, yet it barely affects the price.

Though it might be good for traders/holders now, yet this does not change that fomo/fud came from rumors still have huge impact to the price of bitcoin or cryptocurrency, be true or fake news.

[carlfebz2]

Amazon denies it will use Bitcoin and other major cryptocurrencies by year end:
https://www.forbes.com/sites/billybambrough/2021/07/27/bitcoin-suddenly-gives-up-its-price-gains-after-amazon-shock-sending-ethereum-bnb-cardano-xrp-and-dogecoin-sharply-lower/

Also, the "new" job posting Amazon posted for a crypto expert is old news, by at least a month and a half:
https://www.financialnewsherald.com/2021/06/08/amazon-is-looking-for-a-head-of-product-in-blockchain/

It looks like there is some manipulation going on in the crypto space... Elites pulling the strings? Thoughts?

Doesnt matter on what are those words do comes out to their mouth neither those rumors become true or would simply be denied.It isnt surprising and we have seen those denials on how many times.

We know on how big Amazon is but we dont actually know if they are really tending to accept or integrate bitcoin. Well then? we dont really care at all because market could continue

without having these things.They might be a good add up to overall adoption but doesnt mean that rejection or denial is something we should mind of.

[NeuroticFish]

Amazon denies it will use Bitcoin and other major cryptocurrencies by year end

No biggie. It's interesting though that they came to deny such a rumor. (Do they have interest in having low prices for crypto?!)

It looks like there is some manipulation going on in the crypto space

Some degree of manipulation is always present on the crypto space. And since the price didn't react to quite a list of real good news, even though it's summer hence slower period, some may have gotten bored and wanted to liven up the things a little.

[AniviaBtc]

It is hard to assume immediately especially that rumors are just rumors and you have nothing to do with it.

Amazon is a huge company and people are really make some issue with it because they know that it can greatly impact the market.

We should wait for the adoption of bitcoin itself and not push a certain company to adopt it because it can somehow bring give feedback on bitcoin instead of good.