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Author Topic: Amazon loss widen  (Read 2450 times)
CryptoCurrencyInc.com (OP)
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July 25, 2014, 11:53:49 AM
Last edit: July 26, 2014, 08:16:25 AM by CryptoCurrencyInc.com
 #1

I think the reason Amazon loss widen is:

Their customers are spending money to buy bitcoins and spending at other online stores to support the currency revolution.
http://www.bloomberg.com/news/2014-07-25/amazon-loss-widens-as-ceo-alarms-investors-with-spending.html



related thread:
List of big companies accepting Bitcoin
https://bitcointalk.org/index.php?topic=673127.msg7622099#msg7622099

                                                                               
                 
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July 25, 2014, 11:55:12 AM
 #2

Amazon lost millions to Bitcoin. Their customers are spending money to buy bitcoins and spending at other online stores to support the currency revolution.
http://www.bloomberg.com/news/2014-07-25/amazon-loss-widens-as-ceo-alarms-investors-with-spending.html


The article doesn't even mention cryptocurrencies. What are you on about?

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July 25, 2014, 11:56:58 AM
 #3

No proof that its due to Bitcoin it could be just because people can't afford to purchase as much now and also tat other competitors are getting more business stop speculating and take a look at the facts.

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July 25, 2014, 11:58:44 AM
 #4

.

the title misleads into thinking, Amazon decided to try bitcoin but lost lot of money in testing itself...

please change title
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July 25, 2014, 11:58:59 AM
 #5

First I thought: "Good news everyone" but after I read the article I realized, it's like in Futurama. No good news for Bitcoins in here.
Please don't spread misinformation.

https://forum.bitcoin.com/
New censorship-free forum by Roger Ver. Try it out.
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July 25, 2014, 12:04:31 PM
 #6

Yup, this headline is pure bs. It's like the opposite of FUD. Is there a word for that? Regardless I don't think amazon is at the point where it's losing money by not accepting bitcoin, nor do I think many people are buying coins just to spend them to support crypto.
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July 25, 2014, 12:05:52 PM
 #7

Yup, this headline is pure bs. It's like the opposite of FUD. Is there a word for that? Regardless I don't think amazon is at the point where it's losing money by not accepting bitcoin, nor do I think many people are buying coins just to spend them to support crypto.
The opposite of FUD would be DUF.

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July 25, 2014, 12:33:46 PM
 #8

The title of this made me read it but after reading it I have determined that the it was a complete waste of my time. There is no proof that Bitcoin had anything to do with this and likely didn't.

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July 25, 2014, 12:51:59 PM
 #9

Yup, this headline is pure bs. It's like the opposite of FUD. Is there a word for that? Regardless I don't think amazon is at the point where it's losing money by not accepting bitcoin, nor do I think many people are buying coins just to spend them to support crypto.
The opposite of FUD would be DUF.

That made me chuckle  Cheesy.

The title of this made me read it but after reading it I have determined that the it was a complete waste of my time. There is no proof that Bitcoin had anything to do with this and likely didn't.

Same. It's just click bait. I guess the op just likes trolling as he knows everyone here is waiting for Amazon to announce theyre going to accept btc.

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July 25, 2014, 12:53:27 PM
 #10

Too many drone deliveries and not enough Bitcoin buyers.  Wink

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July 25, 2014, 12:54:33 PM
 #11

This article is note even related to bitcoins

How can you blame Amazon
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July 25, 2014, 12:54:42 PM
 #12

The loses are related to technology, but not to bitcoin. Its their IT sector doing bad things:

Quote
Amazon remains one of the most highly valued companies in the U.S., yet the business is losing some of its sheen as profits are dragged down by investments that Bezos, the co-founder and chief executive officer, is making in cloud computing, warehouses and gadgets such as the new Fire smartphone. While shareholders have been patient, they’re increasingly seeking signs that the long-term strategy will work.



I think people want Amazon accept bitcoin in their online store, not to buy IT services.
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July 25, 2014, 12:57:53 PM
 #13

Amazon might join soon because of this article.
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July 25, 2014, 01:05:08 PM
 #14

How did you get that it is related to Bitcoin from that article. I don't see it. If you could point it out it would help.

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July 25, 2014, 01:43:10 PM
 #15

Amazon might join soon because of this article.

I doubt it. Can't see why this would entice them.

How did you get that it is related to Bitcoin from that article. I don't see it. If you could point it out it would help.

He's obviously just trolling.
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July 25, 2014, 01:47:20 PM
 #16

Total troll job.  If not troll it's a total stretch to make it sounds like Amazon lost money and it was because they would not accept Bitcoin. 
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July 25, 2014, 01:51:57 PM
 #17

Amazon's "loss" is due to future investments in their company.

This thread is the equivalent of saying you bought a shit ton of solar panels for your home and had a huge loss this year due to construction costs.
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July 25, 2014, 02:20:01 PM
 #18

try these stories too

Facebook lost billions to bitcoin

yeah when bitcoin goes to moon with million dollars per coin and Facebook potentially missing that all..
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July 25, 2014, 02:22:42 PM
 #19

Utter poppycock.

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July 25, 2014, 02:24:39 PM
 #20

Yeah rubbish and misleading thread, though I think amazon is probably looking closely at bitcoin.
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July 25, 2014, 02:46:09 PM
 #21

Misleading titles belong on YouTube videos, not forum posts. Change the title.

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July 25, 2014, 02:54:45 PM
 #22

Yeah rubbish and misleading thread, though I think amazon is probably looking closely at bitcoin.

Yeah, either that, or OP actualy believes that Amazon loses are directly connected to bitcoin, which i doubt.
I believe that bitcoin merchants will start to loose interest in bitcoin with time, and that that expansion wil fail, simply because there are limited customers that will actualy spend bitcoins there.
All this merchants accepting bitcoin will push the price to moon is nonsense.
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July 25, 2014, 07:56:33 PM
 #23

Yup, this headline is pure bs. It's like the opposite of FUD. Is there a word for that? Regardless I don't think amazon is at the point where it's losing money by not accepting bitcoin, nor do I think many people are buying coins just to spend them to support crypto.
The opposite of FUD would be DUF.

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July 25, 2014, 08:25:46 PM
 #24

Amazon doesn't care about 'millions'. If adding a Bitcoin payment option is only going to puzzle the customers (if there's only the slightest chance it will - in their perception) they will just drop the idea.

I should have gotten into Bitcoin back in 1992...
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July 25, 2014, 08:38:23 PM
 #25

I don't think they 'loss' in the literal sense of the word. It is just just somewhat missed opportunity. And judging by their recent actions they will adopt BTC maybe even in this year.


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July 26, 2014, 12:35:29 AM
 #26

what a waste of space.. looks like OP is generating his own news.
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July 26, 2014, 02:34:37 AM
 #27

wow interested biggest webs like amazon still got hacked .i think they have a proffesional security and need a long time or hard for hacker can break they wallet. its mean hacker can do anything they want right . rich as fast . without care anything.
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July 26, 2014, 02:37:55 AM
 #28

Misleading title. Thread should be edited/deleted.

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July 26, 2014, 02:41:39 AM
 #29

Amazon lost millions to Bitcoin. Their customers are spending money to buy bitcoins and spending at other online stores to support the currency revolution.
http://www.bloomberg.com/news/2014-07-25/amazon-loss-widens-as-ceo-alarms-investors-with-spending.html
I don't think this has anything to do with bitcoin

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July 26, 2014, 07:57:39 AM
 #30

Amazon lost millions to Bitcoin. Their customers are spending money to buy bitcoins and spending at other online stores to support the currency revolution.
http://www.bloomberg.com/news/2014-07-25/amazon-loss-widens-as-ceo-alarms-investors-with-spending.html



Perhaps you should add "IMO" to your thread title or you'll be suspected of intentionally misleading people with nonsense.
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July 26, 2014, 08:02:41 AM
 #31

Amazon was one of the first places you could purchase goods with bitcoins...
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July 26, 2014, 08:07:05 AM
 #32

When amazon will start accepting BTC the price will go down!


Every time there is a good news about BTC people sell and the price goes down Smiley

Space for rent if its still trending
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July 26, 2014, 10:14:00 AM
 #33

When amazon will start accepting BTC the price will go down!


Every time there is a good news about BTC people sell and the price goes down Smiley

It's not that good news causes the market price of Bitcoin to go down, just that it is keeping it afloat, or simply having little to no effect.

New money (myself included) came to Bitcoin towards the back-end of 2013 having been absorbed by the bubble. The price rocketed due to new money and interest as an investment opportunity. That time will likely come again, when or how far it will go is anybody's guess.

Big news would play a part, but I feel that it would have to be significant.

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July 26, 2014, 10:44:33 AM
 #34

When amazon will start accepting BTC the price will go down!


Every time there is a good news about BTC people sell and the price goes down Smiley

It's not that good news causes the market price of Bitcoin to go down, just that it is keeping it afloat, or simply having little to no effect.

New money (myself included) came to Bitcoin towards the back-end of 2013 having been absorbed by the bubble. The price rocketed due to new money and interest as an investment opportunity. That time will likely come again, when or how far it will go is anybody's guess.

Big news would play a part, but I feel that it would have to be significant.

But good news attract the interest of the media. And if the media starts writing about Bitcoin in a large manner, a lot of new people will start investing in it. Also many people are still too careful and have their doubts. When large companies like Dish, Dell, or maybe Amazon start accepting it, they gain trust in it.

I should have gotten into Bitcoin back in 1992...
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July 26, 2014, 10:59:45 AM
 #35

While it's true that there is interest and credibility gained by seeing the likes of Dell accepting Bitcoin, it doesn't address the other concerns that Bitcoin's market price has essentially halved from its peak and there are always stories of people losing their coins due to somebody compromising their wallet.

Sure, we've seen Bitcoin's price rise through the roof before, come down and then rise back up again, but now the stakes are even higher.

It would be great to see more companies like Dell integrating Bitcoin in some commercial capacity. It's likely just a matter of time.

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July 26, 2014, 11:01:47 AM
 #36

While it's true that there is interest and credibility gained by seeing the likes of Dell accepting Bitcoin, it doesn't address the other concerns that Bitcoin's market price has essentially halved from its peak and there are always stories of people losing their coins due to somebody compromising their wallet.

Sure, we've seen Bitcoin's price rise through the roof before, come down and then rise back up again, but now the stakes are even higher.

It would be great to see more companies like Dell integrating Bitcoin in some commercial capacity. It's likely just a matter of time.

Yeah, but what you're saying holds true for every prior bubble Smiley We've seen this about 5 times now. And people keep on saying 'woah, we've seen the top, now it'll go down', or 'this price isn't sustainable' And suddenly, whoops... 10-fold increase.

I should have gotten into Bitcoin back in 1992...
yayayo
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July 26, 2014, 01:49:45 PM
 #37

The article has nothing to do with bitcoin and the conclusion of the thread starter is totally stupid.

The loss of Amazon widens because the company's CEO follows a maximize sales first - earn money later strategy. That can be very dangerous if you loose the confidence of your creditors. The market cap of Amazon is extremely high compared to earnings. If investors continue to question the ability of the business to earn money in future, stock price will likely collapse.

ya.ya.yo!

.
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TrailingComet
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July 26, 2014, 02:18:36 PM
 #38

Think the public market's starting to tire of Bezo's eternal investment mode story
His star might finally be fading a little
Too many pies

adoni
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July 26, 2014, 03:08:08 PM
 #39

Actually for over a decade BOZO, I mean Bezos has been telling investors look we need infrastructure, we must ACQUIRE TECHNOLOGY I'm building the FIELD OF DREAMS believe me if I BUILD IT THEY WILL COME

So children investors entertained by the clown bozo keep buying into bozo's ponzi scam

GIVE ME MORE MONEY TO ACQUIRE TECHNOLOGY

I KNOW IN THE END THERE CAN ONLY BE ONE COMPANY

haha

bezo is a clown, I remember trying to explain ebooks to amazon long time ago, OH WE DO NOT SELL EBOOKS

ok, they're coming bozo

oh bezos caught on kindle

we have our 50 buck ebooks on Amazon with a blurb due to amazon ripping us off 65% in commissions since our ebooks are worth more than the 9.99 the nutter bezos wants to limit all epublishers to, we must price our book at 150 bozo dollars but if you look around the net you will see it really sells for 50 bucks

so people find our books on amazon and BUY ON OUR NETWORK

haha

Muah jeff

I told you EBOOKS BABY

EBOOKS

minerpumpkin
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July 26, 2014, 03:13:18 PM
 #40

Actually for over a decade BOZO, I mean Bezos has been telling investors look we need infrastructure, we must ACQUIRE TECHNOLOGY I'm building the FIELD OF DREAMS believe me if I BUILD IT THEY WILL COME

So children investors entertained by the clown bozo keep buying into bozo's ponzi scam

GIVE ME MORE MONEY TO ACQUIRE TECHNOLOGY

I KNOW IN THE END THERE CAN ONLY BE ONE COMPANY

haha

bezo is a clown, I remember trying to explain ebooks to amazon long time ago, OH WE DO NOT SELL EBOOKS

ok, they're coming bozo

oh bezos caught on kindle

we have our 50 buck ebooks on Amazon with a blurb due to amazon ripping us off 65% in commissions since our ebooks are worth more than the 9.99 the nutter bezos wants to limit all epublishers to, we must price our book at 150 bozo dollars but if you look around the net you will see it really sells for 50 bucks

so people find our books on amazon and BUY ON OUR NETWORK

haha

Muah jeff

I told you EBOOKS BABY

EBOOKS



I don't exactly get what you're trying to say. Could you clarify? Are you complaining about the commission Amazon takes? Yeah, they do, but offer an incredibly successful platform and you receive unprecedented exposure for your product!

I should have gotten into Bitcoin back in 1992...
BitcoinMillionaire
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July 26, 2014, 03:49:42 PM
 #41

Think the public market's starting to tire of Bezo's eternal investment mode story
His star might finally be fading a little
Too many pies

That guy is AWESOME! He's a self-made millionare!! (Only in FIAT, though, which isn't as awesome as Bitcoin!) But he knows what it takes to be a successful player in the Game of life!

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PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
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michaelwang33
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July 26, 2014, 04:09:15 PM
 #42

The article has nothing to do with bitcoin and the conclusion of the thread starter is totally stupid.

The loss of Amazon widens because the company's CEO follows a maximize sales first - earn money later strategy. That can be very dangerous if you loose the confidence of your creditors. The market cap of Amazon is extremely high compared to earnings. If investors continue to question the ability of the business to earn money in future, stock price will likely collapse.

ya.ya.yo!
You are right this is a very risky strategy and at this point probably a bad one. Amazon is at a point now where it is not going to be able to grow very much from where it is now so it should start to try to maximize profits.

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