Amazon Puts Down Bitcoin Use Rumor

[Baofeng]

Amazon wouldn't benefit from the said rumour. Just the speculators who pounces on this news, takes advantage of it, pump the price and then sold off. Surprisingly, even after Amazon put down the rumour, the price is still pumping, going back to $38k now after falling from $40k->$36k.

So it's open for interpretation, no news but the price is going up, natural or artificial pump? Your guess is as good as mine.

[cabron]

Rumor to be true or not, it's going up. They wouldn't want to spread the word and be the reason for Bitcoin's resurfacing up the resistance so yep it's hard to stop the smoke from coming up when the fire is already burnings fresh leaves. Even if they say is not true today, there will still be people believing it's true. There is nowhere else for Bitcoin to go but to be adopted by everyone including Amazon stores.

[sheenshane]

I almost believed the rumor that I have heard yesterday and now the fact was revealed.

IMO, we don't need them, they are also a big threat to the Bitcoin price heavily volatile, once one of those big institutions will sell their Bitcoin asset, it will always have an effect on the market price.  Bitcoin will grow by itself and we are already in the mainstream for sure the adoption by individuals or big institutions will always be there.

The news was probably a manipulation on Bitcoin price and as we saw, this didn't have an effect on price movement, besides Bitcoin price at this moment almost reach again $40k which is good to see that the Bitcoin price has surged back so fast.

[skybot13x]

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?

Ok this puts the nail in the coffin. There are now a couple of threads here on the forum full of enthusiasm, but to be honest it's not only this forum. The whole market freaked out as it seems just for fake news. It's crazy how easy it is to spread such a rumor that turns out to be fake news. Whoever that was, I wonder if that person or group of people knew the market would respond like that. Congratulations then on their leveraged long position that they probably by now sold.

[Darker45]

Well, not today, not even tomorrow, but one of these days. Maybe not soon but definitely later. After all, it's just a matter of time before these giant businesses would see the potential, maybe not in Bitcoin itself but in making more money by accepting Bitcoin.

Anyway, accordingly, the price suddenly spiked along with the rumor, but then fell down as quickly upon the denial of the unfounded reports. However, just as quickly as it rose and fell, the price is now trying to conquer $40,000 once again. Whether the rumor was true or not doesn't matter.

[mrongos]

amazon rejects rumors of using bitcoin,, a lot of news now is confusing, who knows who is behind all this who issued news like this inaccurate news, who plays in bitcoin, maybe for now amazon has not confirmed themselves accepting bitcoin, please don't load news that isn't not.. the truth isn't sure yet..

[Roy Asher]

Amazon's purpose is the same as Tesla's. It is to expose the unjoined public to Bitcoin and cryptocurrencies. Amazon, the world's largest retailer, once again flirted, not only accepting crypto, but also creating their own is a big news. We should be honest to affect its price. Bitcoin is incredibly resilient, but not from these huge events, at least not yet.

[mk4]

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.

I mean, no one is really saying that Amazon will never accept bitcoin payments; because we think it's inevitable and it's just a matter of 'when'. But if you actually read the linked article, the speculation was concerning Amazon definitely accepting bitcoin payments specifically this year.

[LogitechMouse]

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?

Kinda funny but hey... there are people including me who got some profit because of this rumor .
Because of this, price of Bitcoin surged a few days ago and I know for sure that many took some short term profits.

No manipulation involved here I think. Its just that there is a stupid popular twitter account out there who just spread this rumor and many fell to this too including some news article websites . Now the question is will they "really" accept Bitcoin or any other crypto in the future. I'm not expecting them to accept it at least this year but as soon as crypto gain its popularity and many will use it then its possible that they will eye on adding it. Not that optimistic though that they really add it.

[Liamttw]

The use of blockchain technology goes far beyond accepting Bitcoin payments. They deny that they will accept Bitcoin at the end of this year, but they do not deny that they have an active interest in blockchain technology. They are looking for an experienced product leader to develop Amazon's digital currency and blockchain strategy and product route picture. The crypto market is definitely something Amazon will explore, and they may also develop their own project tokens in the future.

[lightning0]

What's interesting is that this news caused Bitcoin to break through 38,000 U.S. dollars, and now the price of Bitcoin has exceeded 40,000 U.S. dollars. Operation without institutions and giant whales is impossible.

The news came too suddenly, making people believe that Bitcoin is ushering in spring again. The trading account is active. This has to make me a little scared. For me, the Bitcoin price of $40,000 is a good thing. If a good market has not really arrived, will there be a drop in prices?

[marine4u]

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?

We will not know the calculations of Amazon, they are constantly responsive and interested in bitcoin but deny buying and hoarding bitcoin and other digital assets.  That is doubtful.  I think if they do, we could see their numbers reported by the end of this year, or early 2022. It's like Tesla announcing bitcoin ownership and I'm waiting for Amazon to do the same.  The market is moving and needs a strong enough impact to break the bears at 40k, it is a signal that the bullrun starts.

[leea-1334]

Haha,,, I said so yesterday it did not mean anything even if it was true,,, but look at prices today just back at abovr $40k for a temporary while just an hour ago and now still looking good and strong.

Definitely not about the Amazon stuff, stupid mainstream media for picking up on that.

[yazher]

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?

Oh! it reaches them too quickly huh, we've been talking about this thing just the other day that this will not happen at least with the time period they given. Now the Amazon has confirmed it and there is no such thing to happen in the future. Looks like rumor has some speed buff to spread quickly than good news, the dude who spread it might think he can manipulate the market with mere rumors. Well, it doesn't work like that buddy, you need to be an influencer too.

[cabron]

Haha,,, I said so yesterday it did not mean anything even if it was true,,, but look at prices today just back at abovr $40k for a temporary while just an hour ago and now still looking good and strong.

Definitely not about the Amazon stuff, stupid mainstream media for picking up on that.

It's still going up after they denied telling they'd be accepting BTC like it's going to hurt their business.

Probably binance limiting futures and withdrawal limit I guess are making users who aren't verified yet sending out their BTC before the date of implementation. Prices go up for the limited circulating supply, this is my assumption though. Still, there is no clear information for the reason for price to spike.

[Henrobakkara]

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?

There is always something manipulating about crypto 😃 that is what all the FUDs are all about. Sometimes people might create news just to either bring down the price of the cryptocurrency market or try to use the news to pump the price which is the whole essence of manipulation. With Amazon coming out quickly to address the rumour means, it wasn't from Amazon in the first place and a purposeful act by someone or people.

[AliMan]

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?

Let me take a good ride after this so called manipulation, we aren't sure yet that this will be in hype sooner. Bear market still possible to happen unexpectedly, so let better be careful while there's already a fear. Just keep holding and bracing your belts now, before we see another bounce for btc will soon be trend in different trading sites.

[macson]

snip

Amazon will definitely accept Bitcoin in the future, they just aren't ready with the business model rules yet.  Big companies like Amazon and Apple will surely make the Bitcoin price go up high, they are in the technology business and certainly won't be able to resist the existence of Bitcoin in the future when mass adoption occurs.

[zanezane]

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.

I don't think that we will see less corpo in the coming years, even if it's not Amazon, there's still million other corpo that is interested in investing in bitcoin so I don't think that it's going to be it's a good news that Amazon isn't going for crypto right now.

[ven7net]

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?

I believe that this is 100% manipulation and it is already happening openly. As for Amazon, I think they will not tell the truth, because if it really turns out that they will use cryptocurrencies until the end of 2021, then now everyone will run to buy BTC, and their plans include the task of buying BTC themselves, but then, when there will be another round of growth in prices for cryptocurrencies, then there will be another news that it turns out that Amazon has started to use cryptocurrencies. So all this news is all pure manipulation. All that remains is to be more attentive and try not to fall for the tricks of the big players.