The BTC liquidated is then bought by someone.
You can't convert out to fiat without a buyer on the other end.
In a big way you can already buy stuff from amazon with bitcoin.
In fact this has been going on for quite a while, and Amazon knows it (and makes it possible). All you need to do is go to gyft and get an amazon giftcard, semi-instantly and you buy whatever you want from amazon.
So in reality, amazon accepts bitcoin.
I've bought a ton of things from amazon already.
Topic: Would Amazon Adoption Make the Bitcoin Price Go Down? - page 2. (Read 1973 times)
Stop worrying about week to week or month to month price changes and your life will be much happier.
But some people ie the speculators or day traders live for this.
Stop worrying about week to week or month to month price changes and your life will be much happier.
Amazon isn't a thousand times bigger. And you cant link the price lowering to Dell. It's not as simple as that.
high sellers always search for a bump of sells ... in Europe, it's a vacancy period.
customers ask less ... if bitcoin community can "moderate" the hole of vacancy, it's good.
and it's good for all bitcoin holder... when the september month will raise (with crash of the gov budget).
customers ask less ... if bitcoin community can "moderate" the hole of vacancy, it's good.
and it's good for all bitcoin holder... when the september month will raise (with crash of the gov budget).
The promotion itself would be amazing for Bitcoin, so I think in the long run it would be a good thing.
But the short-term effects (similar to Dell/Etherium accepting Bitcoin payments seems to have dropped the price recently) wouldn't Amazon's acceptance of Bitcoin result in a HUGE amount of Bitcoin being converted to Fiat by Amazon's Bitcoint payment processor? Amazon is about a thousand times bigger than Dell, so the short term negative bitcoin price effects could be quite huge?
They of course would not hold Bitcoin, so any sales would be effectively liquidating bitcoin for fiat.
But the short-term effects (similar to Dell/Etherium accepting Bitcoin payments seems to have dropped the price recently) wouldn't Amazon's acceptance of Bitcoin result in a HUGE amount of Bitcoin being converted to Fiat by Amazon's Bitcoint payment processor? Amazon is about a thousand times bigger than Dell, so the short term negative bitcoin price effects could be quite huge?
They of course would not hold Bitcoin, so any sales would be effectively liquidating bitcoin for fiat.
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