I really dont think the reason why it fell was due to Amazon denying this news. This news never had a concrete source to begin with. Its like the rumor that Apple, Facebook and Alibaba bought billions of $. Everybody knows its nothing but a rumor until it has concrete sources which it never has.
This news was no different. I think the reason it dropped so hard was because it was New York lunch and many of the European and American traders took their profits. And its just a coincidence that it happened at around that time of the tweet. Most likely it would of dipped anyways.
Amazon has been rumored for years to accept BTC. This is nothing new.
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Manipulation, people have been falling for it. It is one of the stupidest rumors we have. It originated from a random website, and then larger websites began to appear. The answer to the interview was meaningless, like a joke. Everything is interconnected, and people have feelings about what companies and banks do as part of the financial system and what affects other assets.
While Amazon accepting bitcoin isn't impossible, the rumour about Amazon accepting bitcoin payments was dumb and didn't have any proof besides "insider reports" in the first place. It's just classic retail investors being dumb and believing everything they read on Twitter.
Amazon is actually hiring cryptocurrency-related developers though. So there's somewhat of a silver lining. https://www.amazon.jobs/en/jobs/1644513/digital-currency-and-blockchain-product-lead
Amazon is actually hiring cryptocurrency-related developers though. So there's somewhat of a silver lining. https://www.amazon.jobs/en/jobs/1644513/digital-currency-and-blockchain-product-lead
Hamsters are being cut promptly, in connection with the latest news.
Hamsters or lemmings?
I mean some jump from cliffs others just end up at 9G in a spinning wheel
Anyhow, that's why I don't trade, and this is one of the reasons I don't go betting large sums on events, because I always put the money on things that I want to happen and not on the things I believe will happen, most times I end up betting on some horse just because I think the damn donkey should win, and now even bothering looking at other things like surface or others.
Same in trading, I would have probably ended up penniless after going long for a month on all good news and totally miss this opportunity because I didn't believe the rumors, so I would have stayed on the side because of my thinking on what the price should be rather than thinking on how the markets (or the hamsters) would react. Same for shorting, now normally I would say a 35k would be absolutely normal, but I have a feeling it's not going to be like that and we're going to flip and flop a lot. So, better safe than sorry.
Does anyone else doubt that the sequence of these events is not an accident?
I would take any bet on the fact that the article was paid to be published! Too bad we will never probably find out.
Its natural process, nobody is forcing people to jump the gun but they do it every time. Even taken at best the rumor is that some point in future Amazon will implement in some shape or form and sure it'd be useful and likely bullish for BTC but global companies like this can take years, half a decade to fully implement anything. This latest refusal by Amazon doesn't end the idea for me, it says we dont want to discuss it publicly and yep I can guess that because BTC is not without its controversy in tax terms & all sorts.
The chart had a setup for a rise anyway, thats all that can be taken seriously. It had passed a downtrend, we had compromised support but its reversed back above like when you push an empty bottle under the water and it bounces back up its natural.
The chart had a setup for a rise anyway, thats all that can be taken seriously. It had passed a downtrend, we had compromised support but its reversed back above like when you push an empty bottle under the water and it bounces back up its natural.
Yeah it sort of and the news about it circulate now on social medias so I think this is another manipulation for certain whales who want to manipulate the market although this is totally good especially ghost month is coming but we need to be careful since other people might get FOMO if those manipulators could successfully start to move up the price and left behind when they want to abandon the ship, so better secure and watch the market closely to avoid being a bag holder.
If it makes it into any mainstream news though, that's all people are going to care about. Bitcoin jumps $5000/$10000 in a day is quite the news article if it does get pushed or somewhere is having a slow news day...
If this is what happens even if amazon of another large company don't accept bitcoin, what happens if one does? What is steam offers to facilitate it again at some point (or anyone else that big).
If this is what happens even if amazon of another large company don't accept bitcoin, what happens if one does? What is steam offers to facilitate it again at some point (or anyone else that big).
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