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Topic: What u think will happen if Amazon would accept BTC? - page 2. (Read 2505 times)

legendary
Activity: 1666
Merit: 1001
Amazon is a big company, if bitcoin is accepted it will make our transaction become easier and people don't need to be afraid of credit card fraud, it will be good for both, Amazon will get more selling and bitcoin will get more popularity, if big company like Amazon or other big e-commerce company adapting bitcoin we will see another big rising for bitcoin
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
If Amazon accepts bitcoin then it will be a big news because Amazon and Bitcoin is a very big names in the industry of economy and there is already a lot of people in Amazon that keep using their service so those people could possibly use bitcoin also if their company accepted bitcoin as another type of payment method because they will find out that bitcoin has a lot of potentials.
sr. member
Activity: 448
Merit: 252
What other companies would have a effect on BTC if they accept it?
legendary
Activity: 2492
Merit: 1018
If they accept BTC, they will soon be accepting other coins as well. I'd like to think ETHereum will also be there and so are the ones that will caught Amazon's interest. It always feel like the next years are going to be good for early adopters like us who are holding btcs and some other coins. If Microsoft accepts ETH, they will probably do too.
sr. member
Activity: 1246
Merit: 255
If amazon should accept bitcoin, that will be fine, as it will be a direct exchange/transaction online. and i think it will soon be.  
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos

What would this do to the market? What do you expect?
This will happen soon , Because I think it will introduce the world with the bitcoin , here I am not saying to introduce with us , but here in the world many numbers of people don't know bitcoin , so it may be possible that more and more people enter in the bitcoin and make the bitcoin much more powerful and more increase in the price .
So here overall we will get profit through multiply our bitcoin by increase the rate in the internet market .
And also it should be taken into care that 21 millions of bitcoin are very less amount in the world to use , so here it is really easy for use that how much we can make profit with video .
hero member
Activity: 686
Merit: 521
Amazon is a megastore and if it were to accept bitcoin it would certainly force other competitors like ebay,aliexpress and many others to follow
as this would be a huge step to make more sales and also increase their customer base and we would see demand for bitcoin also increase
hero member
Activity: 518
Merit: 500
If the Amazon would accept bitcoin for payment method on there, there are some will happen with this,
first bitcoin will be more famous than righ now, second price of bitcoin will be increasing because of
there are many people use bitcoin for payment method on Amazon
and the Amazon will get costumers around the world especially from comunity of bitcoin.
legendary
Activity: 938
Merit: 1002

What would this do to the market? What do you expect?
I do strongly believe one day Amazon will start accepting bitcoin payments, it will create some hype in bitcoin market but I do not think no chances for drastic changes as people are already using bitcoins for Amazon shopping through gift cards. So there are markets for this, but official acceptance will trigger more market share for this, hence we can expect some up surge of bitcoin prices once Amazon make an announcement.
hero member
Activity: 1022
Merit: 500

What would this do to the market? What do you expect?
if amazon should adopt bitcoin as a mode of payment, I will expect the bitcoin price and value to have a very high jump and others big site like google, yahoo, ebay and aliexpress will follow in adoption. After this I will expect government from both developed countries and developing countries to legalize it and at this point I will expect bitcoin price to be above $10,000.
Isn't the Amazon.com is already accepted bitcoin as an online shopping. And I knew this online shopping type will give help into bitcoin to increase the value of it. Moreover, there are other country who is already accepted bitcoin as their legal currency like in Japan, China, though its not 100% totally, but almost getting close to it.
legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
As I've said many times, I don't think companies like this are going to be the ones that go ahead and move to accepting Crypto based on the fact that you're going to be using them either way if you want to buy something from their site. It's sad that they wouldn't want to innovate, but why would they spend the time and money associated with it when they don't need to in the least.

But going on the tangent of if they would accept BTC, I think it would start to stabilize the price of bitcoin based on the fact that a lot more people would be using it and it would be in demand for the price to be stable.

This option is unlikely due to the fact that bitcoin is not regulated by anyone. But if they could do this, then the crypto currency would be much more popular and its price would rise significantly.

Price would need to stabilize, people don't want to be using a currency this is worth x amount one day and 9/10th of that the next day. This is why people don't want to put their savings accounts into bitcoin too.
sr. member
Activity: 504
Merit: 250
As i have expected before reading this thread, was that there will be people here who are going to predict that if Amazon will adopt bitcoin payments, then its price will go up straight to the moon.

I think that it will influence the bitcoin/usd rate slighlty, but the biggest difference will be in that the BTC will be more attractive for people who dont see any usage, except buy goods with it.

That will make things easier for many newbies, also it will create a big market for selling goods online.
hero member
Activity: 770
Merit: 500
Bazinga!
Amazon accepting bitcoin is a great thing, but only for those of us who already know bitcoin and have bitcoin in our wallets to spend.

for other people who don't have any bitcoin it would just be additional fees. because if you don't already have it you have to buy it. that means depositing fiat to an exchange or transferring money to someone who sells bitcoin which means 1 fiat transfer fee and then buy bitcoin at a bit higer price depending on which method you choose and spend at a little bit lower price (market rate) and that is another percentage lost.
hero member
Activity: 546
Merit: 500
Paying with Bitcoin on Amazon is super easy.  Various sites sell you gift cards for it, and you can even pay pretty much directly on services like Purse.io.

The only effect that Amazon accepting Bitcoin would have on the price is that some people look at it and see it as a cool little gimmick, don't appreciate Bitcoin really but buy a little and spend it on Amazon.  If that happened though, the transaction volume would increase resulting in transaction fees rising too high for people to keep doing it so it would be a sort of self-regulating system in which only a small amount more people actually use it.

The only reason why the price could possibly rise is because of speculation from people who think Amazon would bring more users.  In reality, it's always mostly just random people who don't stick around for long, and in the end not a lot would be bought on there with Bitcoin anyway.
hero member
Activity: 644
Merit: 500

What would this do to the market? What do you expect?

I think is amazing if amazon accepted payment use bitcoin
is very incraese trusted about bitcoin, incraese bitcoin user and then volume transaction bitcoin incraese too, last effect bitcoin price can incraese very high
legendary
Activity: 1876
Merit: 1308
Get your game girl

What would this do to the market? What do you expect?
Nothing.Amazon will give free shipping and no transaction fees for all the orders above 0.30 btc.Also amazon prime will give super discounts on your daily amazon bitcoin wallet.They'd also sell their physical bitcoin wallet just to make sure your bitcoins are safe with them.
legendary
Activity: 3052
Merit: 1273
If Amazon ever allows Bitcoin to be used as a mode of payment at their site, this will open doors for Bitcoin to be accepted at some more reputed shopping websites too like Walmart, FlipKart, etc. which would definitely add up too much value to the prestige of bitcoins, and possibly an unbelievable and incredible rise in the price of Bitcoins will be seen.
sr. member
Activity: 1232
Merit: 250
It would definitely a plus point for Shoppers who are indulged with BTC. But it is kind of uncertain and unlikely that Amazon will start selling goods by accepting BTC, because the value is volatile. Moreover, still many country has hanging views against BTC, neither its banned nor legal, so there is a fear of sudden government acts which can create issues with their business.
hero member
Activity: 1218
Merit: 557
Well I think people who looking to shop around with btc and if amazon accepts it then certainly such people will buy all the products required for their daily will buy from amazon and certainly this will make their sale a more higher as their is another payment mode available to users.
full member
Activity: 120
Merit: 100

What would this do to the market? What do you expect?
if amazon should adopt bitcoin as a mode of payment, I will expect the bitcoin price and value to have a very high jump and others big site like google, yahoo, ebay and aliexpress will follow in adoption. After this I will expect government from both developed countries and developing countries to legalize it and at this point I will expect bitcoin price to be above $10,000.

That's highly unlikely to happen. Amazon, Google or any big company will think a thousand times before taking such a step because nobody knows the price of a Bitcoin tomorrow. If it increases then the people will not be using it to buy things and if it decreases then companies will be in a huge loss.
They can't accept a decentralized currency as payment gateway.

Yes, this is a risky step. In the event of a significant drop in bitcoin, large companies may remain in a huge loss. So far this prospect is not expected.
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