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Doms
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September 28, 2016, 07:18:32 AM
 #21

Even if these e-commerce giants start to accept bitcoin as form of payment, I doubt if that would bring the price up to unexpected heights. It is not as if those sites are exclusive to bitcoin. But that would certainly help in better circulation of bitcoin, and that is a win-win situation for both the buyer and seller.
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September 28, 2016, 07:23:28 AM
 #22

One of the bigger eCommerce sites starts to accept Bitcoin directly? Let's take Amazon as a example : According to Amazon, there are now over 2 million sellers worldwide, which account for over 40% of the total units sold on Amazon. {Jan 5, 2015} < I know Bitcoiners can buy from them via Purse.io, but for this debate, we want to know what the impact on the price would be, if they can buy directly with Bitcoin >

Amazon accepts Bitcoin directly ==> Price will go up to $1500 ?

In the second quarter of 2016, eBay reached 164 million active users. Most of these stats are a bit sketchy, but for this argument, let's just say it is true. < http://expandedramblings.com/index.php/ebay-stats/ >

eBay accepts Bitcoin directly ==> Price will go up with another $1000 ?

Bitcoin could easily go up to $10 000 per Bitcoin if most of these eCommerce sites starts accepting it directly.

What is your estimate on the impact of mainstream eCommerce Bitcoin acceptance?

If the price of the bitcoin will drop that low i dont think there are  lot of bitcoin users left becuase they dont want to spent time on something that has crashed that much.
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September 28, 2016, 07:39:25 AM
 #23

I don`t know for price, I know that this scenario will mean a lot to bitcoin. This is for people who doubt in bitcoin, recognition of bitcoin, when they see that ebay and amazon accepted it, people will know that they can have trust in bitcoin.
Maybe that can`t inflict on price in same moment when it`s happen, but for sure this will mean a lot for bitcoin on a long run. Bitcoin needs big companies behind it, ebay and amazon are internet services, its logical to think about them as first bitcoin companies that will accept bitcoin as payment method, and who knows one day to give salaries to their workers in bitcoins.


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September 28, 2016, 01:25:45 PM
 #24

all these ifs and buts will never get us anywhere with bitcoin, i mean it is good and fun to speculate about these things but we have to start doing something ourselves too.

lets think about the following two questions for a while:
how many of you people on this topic are even using Amazon and Ebay?
no how many of you has contacted Amazon and Ebay and asked them to add bitcoin payment?

it is a simple thing. these sites are only going to add bitcoin payment if there is enough request for it and if they can get over the legal issues. and as long as we are only talking about it in topics like this they will never add it.

   

 
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Denker
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September 28, 2016, 01:29:13 PM
 #25

Even if these e-commerce giants start to accept bitcoin as form of payment, I doubt if that would bring the price up to unexpected heights. It is not as if those sites are exclusive to bitcoin. But that would certainly help in better circulation of bitcoin, and that is a win-win situation for both the buyer and seller.


I believe you are right.
A Bitcoin adoption by one of the ecommerce giants wouldn't mean a significant higher price.Maybe a slight one.
That would depend if these companies would immediately convert back to fiat or not.If that would be the case there could be an enormous selling pressure.
On the other hand it would bring a lot of mainstream awareness to Bitcoin, in a positive light, what shouldn't be underestimated.
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September 28, 2016, 01:52:35 PM
 #26

I doubt they will ever gonna add bitcoin in their supported payment methods in near future however i don't think this is impossible. If ebay and amazon like well known ecommerce site start accepting bitcoin price may rise slowly to well above $1000 or may be it will touch new ATH price.

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