Amazon Puts Down Bitcoin Use Rumor

[btc78]

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?

Now it is clearly mentioned that every thing that has been shared recently are rumors and nothing to happen? or Amazon says this will not happen this year end but what about next year ? early 2022 or until the halving next?
just like the saying if there is a smoke surely there is a fire.

It's just a rumors and as you can see there's no impact in the market, in fact these issue isn't new and it's been weeks probably when i saw this kind of news around the internet, at first i have doubts market will make a correction but see the growth rate and the performance still steady.. So this is definitely a scam.. Lol  never ever fell on this kind of false information mate..

wrong , there is impact look how much bitcoin climbs and the capitalization after this rumor comes out.

but there might be another reason but for now it is this news that i see who made the market hype back.

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[so98nn]

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.

Crazy, why would Apple buy bitcoin anyway? The company is so powerful that they can create their own assets and turn the whole market upside down. However, they don't need such steps because that's simply not their agenda.

But anyway, both the news that is Amazon and Apple making bitcoin one of their payment portal had driven market at some point which we can call it as "Negative Marketing". I mean it's now negative since it's fake but it did the job. 

[EvieLannister]

Although Bitcoin will not rely on company development, sooner or later Bitcoin will be used by companies. Bitcoin is still unstable. Many companies feel that there is still a risk, and many whales also want to push up the price of Bitcoin to make profits. Maybe many companies make plans because of the value of Bitcoin. If one company takes the lead in using Bitcoin, other companies will follow suit when they see it. We can only wait patiently and wait quietly for the development of Bitcoin.

[leea-1334]

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.

Yes, but as I said nothing to do with the Amazon news. This is totally something different and is an evidence for Bitcoin that the market has always changed direction when the time has come,,, not because of some big news. The news helps the direction but it does not determine it.

The underlying factor like circulating supply, usage factors,,, all of these are doing their time slowly.

[skybot13x]

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.

Yes, but as I said nothing to do with the Amazon news. This is totally something different and is an evidence for Bitcoin that the market has always changed direction when the time has come,,, not because of some big news. The news helps the direction but it does not determine it.

The underlying factor like circulating supply, usage factors,,, all of these are doing their time slowly.

It could be possible that the alleged Amazon news sparked some excitement, but the interesting fact is that even when Amazon denied the rumors to be true, Bitcoin kept its gains and even went up further. I think that is again a sign of strength and resilience. But what would happen if Amazon now confirmed Bitcoin as a means of payment, will it have an impact?

[Kong Hey Pakboy]

Although Bitcoin will not rely on company development, sooner or later Bitcoin will be used by companies. Bitcoin is still unstable. Many companies feel that there is still a risk, and many whales also want to push up the price of Bitcoin to make profits. Maybe many companies make plans because of the value of Bitcoin. If one company takes the lead in using Bitcoin, other companies will follow suit when they see it. We can only wait patiently and wait quietly for the development of Bitcoin.

Of course it's unstable and volatile but it didn't stop other companies from adopting bitcoin since they still made a lot of big money out of it despite the prices not being volatile, I think the reason why some companies don't want to get in bitcoin is because they still can't find an opportunity that their interest will benefit the most.

[Woodie]

Although Bitcoin will not rely on company development, sooner or later Bitcoin will be used by companies. Bitcoin is still unstable. Many companies feel that there is still a risk, and many whales also want to push up the price of Bitcoin to make profits. Maybe many companies make plans because of the value of Bitcoin. If one company takes the lead in using Bitcoin, other companies will follow suit when they see it. We can only wait patiently and wait quietly for the development of Bitcoin.

Of course it's unstable and volatile but it didn't stop other companies from adopting bitcoin since they still made a lot of big money out of it despite the prices not being volatile, I think the reason why some companies don't want to get in bitcoin is because they still can't find an opportunity that their interest will benefit the most.

I guess most companies will hold back if bitcoin doesn't protect their interests.


Amazon should have left the media still speculating over its future with cryptocurrencies, they should have tested the waters to see if they do work in their favor or not.

Did anyone take note of the reaction of the Amazon price reaction on the stock market after they put out the smoke of potential use of bitcoin on its platform.

[Golftech]

Although Bitcoin will not rely on company development, sooner or later Bitcoin will be used by companies. Bitcoin is still unstable. Many companies feel that there is still a risk, and many whales also want to push up the price of Bitcoin to make profits. Maybe many companies make plans because of the value of Bitcoin. If one company takes the lead in using Bitcoin, other companies will follow suit when they see it. We can only wait patiently and wait quietly for the development of Bitcoin.

Of course it's unstable and volatile but it didn't stop other companies from adopting bitcoin since they still made a lot of big money out of it despite the prices not being volatile, I think the reason why some companies don't want to get in bitcoin is because they still can't find an opportunity that their interest will benefit the most.

Knowing the mindsets of those business man, they will take their time understanding the possible benefits that they've got

if ever they start to adopt and embrace this new system, they don't want to have any hassles while using the system. And most

of it, they wanted to make sure that it will favor them and earned out from the adoptions that they going to take.

[Dhaniii]

Although Bitcoin will not rely on company development, sooner or later Bitcoin will be used by companies. Bitcoin is still unstable. Many companies feel that there is still a risk, and many whales also want to push up the price of Bitcoin to make profits. Maybe many companies make plans because of the value of Bitcoin. If one company takes the lead in using Bitcoin, other companies will follow suit when they see it. We can only wait patiently and wait quietly for the development of Bitcoin.

Of course it's unstable and volatile but it didn't stop other companies from adopting bitcoin since they still made a lot of big money out of it despite the prices not being volatile, I think the reason why some companies don't want to get in bitcoin is because they still can't find an opportunity that their interest will benefit the most.

I think companies are still afraid to adopt bitcoin, because they still can't predict the movement of bitcoin. Digital currencies are high risk, so getting into cryptocurrencies takes time to study carefully and is easy to decide quickly. their decisions determine the future of the company.

[dothebeats]

Only those naive people would actually believe that Amazon will ever integrate bitcoin in their systems. They clearly don't want anything to do with crypto in the mean time, and the job posting itself doesn't mean that they are working on the integration of crypto on the platform. Amazon is likely just exploring new tech and create something similar for their own platform, and not use any crypto that is already out in the market for quite some time now.

Good thing they shut things down before it makes yet another mess in the market.

[mrongoz22]

This matter has a good effect on both Bitcoin and Amazon. However, even if Amazon does not use Bitcoin, it has no effect on Bitcoin. Bitcoin does not rely on these companies to live. Now the market is slowly calming down. This is a good phenomenon. After waiting for a while, I will look at Amazon's plans. If they deny it, it will not have any negative impact on Bitcoin. If Amazon agrees to use Bitcoin, then both will become better together.

it's true as you said buddy, if amazon accepts bitcoin, it can be said to be beneficial for both parties, but even if amazon doesn't want to work with bitcoin, bitcoin will still be fine, because bitcoin doesn't need support from anyone to continue to grow, but on the other hand, other companies that have to get closer to bitcoin, to boost their company to be more widely known..

[randegibran]

I don't think it's interesting for us with the many rumors that have been echoed by several companies including amazon, but we are not at all affected by this because we as investors have very often faced situations like this, such as the ban on bitcoin such as what is happening in several countries in the world, and I am very sure that it is only a discourse that is echoed by the amazon company not to adopt bitcoin in their company

[Sweetbtc]

We don't care of amazon where it accept bitcoin or not. Bitcoin price reached 60k+ without any rumours and will touch soon 100k$+. Amazon need Bitcoin to devolp their Goods.

[Rengga Jati]

It's just a rumors and as you can see there's no impact in the market, in fact these issue isn't new and it's been weeks probably when i saw this kind of news around the internet, at first i have doubts market will make a correction but see the growth rate and the performance still steady.. So this is definitely a scam.. Lol  never ever fell on this kind of false information mate..

About the rumour, yes, it is only a rumour and Amazon has clarified this rumour that they don't.
But about the impact on the market, we actually can see the price of Bitcoin rising significantly on that day.
So, although it is still a rumour at that time, this news can really attract many people and make the Bitcoin market rise up significantly.

[DoublerHunter]

It's just a rumors and as you can see there's no impact in the market, in fact these issue isn't new and it's been weeks probably when i saw this kind of news around the internet, at first i have doubts market will make a correction but see the growth rate and the performance still steady.. So this is definitely a scam.. Lol  never ever fell on this kind of false information mate..

About the rumour, yes, it is only a rumour and Amazon has clarified this rumour that they don't.
But about the impact on the market, we actually can see the price of Bitcoin rising significantly on that day.
So, although it is still a rumour at that time, this news can really attract many people and make the Bitcoin market rise up significantly.

^ I thought the rumor is true because until now the BTC price was keep growing up. But good thing admit earlier about their sentiments towards BTC.
Why people attract to BTC when there is a big company invested in too, is they don't have their own research first before using such a gambling site. BTC will always be positioned upward and it will continue until the next new ATH will come. I hope someday this big company will realize how the importance of BTC.