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/biz/ - Business & Finance

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4046302 No.4046302 [Reply] [Original]

>In an article Tuesday, Die Welt reported that fintech sources in Silicon Valley were echoing previous hints from investor James Altucher that the global giant could soon integrate Bitcoin as a payment option.
>Altucher made the comments in a report last month, citing Thursday’s conference call as a D-Day moment for Amazon and Bitcoin.
>Ahead of the call, which anyone can listen to, momentum that the rumors actually hold substance are mounting.
>“Even if the Oct. 26 date is not set in stone, Bitcoin introduction should probably be expected soon,” Die Welt writes.
>Upon questioning Amazon, a spokesman replied to the publication in a predictably generic fashion.
>“(Amazon) opts to include new products or services only when these are useful for our customers - until that point, we do not engage in rough speculation.”
>The company has faced years of lobbying and rumors of various descriptions regarding its Bitcoin relationship since competitor Overstock became a pioneering virtual currency adherent in 2013.

You know what to do with a rumor, it's not even a hour old.

>> No.4046310

>>4046302
Forgot the source
https://cointelegraph.com/news/more-rumors-amazon-could-accept-bitcoin-as-all-eyes-on-conference-call

>> No.4046314

Imma need a source senpai

>> No.4046323

>>4046310
Oh there’s the source senpai

>> No.4046344

>>4046302
> Altucher
Another Jewish scam artist. Avoid at all costs.

>> No.4046377

>muh rumours
jack shit is going to happen

>> No.4046396

How hard will Bitcoin moon if this is true? Can we actually expect $10k?

>> No.4046431

this is never happening

>> No.4046433

>>4046302
You're right, it's not an hour old, it's a day old.

>> No.4046443

>>4046396
Probably more like 8k considering the current marketcap.

>>4046377
BTC is oversold right now anyway, doesn't hurt to buy.

>> No.4046462

>>4046433
It's a day old in Krautistan, not reported elsewhere in the anglosphere.

>> No.4046465

>>4046396

Why would bitcoin rocket?

How many people will buy on amazon with bitcoin you think?

Are you buying with bitcoin on amazon?

>> No.4046466

Bigly if non-fiction

>> No.4046469

>>4046302
Nobody is using BTC to pay for shit, therefore this news is worth nothing. Even if true, the price will not move

>> No.4046470

jews........... i see that bitcoin is falling now.............. i will not fall for your pump scams

>> No.4046502

https://www.welt.de/wirtschaft/article170017560/Steckt-Amazon-hinter-dem-Bitcoin-Boom.html

>> No.4046512

Can someone explain to me why a major company like Amazon would accept bitcoin now considering it still has a tendency to be quite volatile compared to fiat currencies?

>> No.4046542

>>4046465
Is anyone buying anything with bitcoin?

I mean sure, a couple small purchases here and there but it is entirely speculative at this point. Which makes the price nonsensical at really any valuation.

BUUUUUUUUUT, the idea is huge and will probably be a game changer in 15 years..

>> No.4046581

>>4046465
>a currency can now be used in the biggest retailer in the world
>whiy would it pump?

Is your post ironic?

>>4046465
I don't know how many people would use it but I know it would have an impact on its credibility, most normies still think Bitcoin is either a ponzi or something to buy drugs on internet.

>> No.4046601

>>4046302
Paying for items with bitcoin would be a terrible idea. It's a long term investment vehicle at this point -- not a day-to-day currency.

>> No.4046603

Bezos will be the first gazzilionaire

>> No.4046614

>>4046512
>
cause the global trend for bitcoin and crypto is UP and fiat always DOWN.
fucking retard.

>> No.4046620

BTC is just too slow and expensive to be used by big boys like Amazon. ETH has far more chance than BTC desu.

>> No.4046629

>>4046601
this is exactly why Amazon might want to accept Bitcoin though

>> No.4046641

>>4046614
And why would Amazon have reason to believe that would continue into the future? More to the point what fungability would it have for them if they're the major holder/retailer of Bitcoin?

What are they going to do, sell it back to bitcoin markets so they can use Fiat to buy more bitcoin to buy more shit off Amazon?

>> No.4046677

>>4046641
The amount of people who'll be buying in crypto will be minimal. They're basically automating their own crypto hedge fund

>> No.4046688

doesn't anyone see the actual problem?
That amazon would factually, by accepting bitcoin, contribute to money laundering and steal hundreds of millions of tax money.

>> No.4046720

>>4046641
It doesn't hurt them in any case, the number of BTC wallets is less than 20 millions.

>> No.4046731

>>4046688
>steal hundreds of millions of tax money.

That's what they already do with tax evasion.

>> No.4046741

>>4046731
No, people who tax evade only prevent states from stealing their money.

>> No.4046776

>>4046688
It's literally impossible to 'steal' something that belongs to you.

>> No.4046787

>>4046688
doesn't anyone see the actual problem?
That amazon would factually, by accepting US dollars, contribute to money laundering and steal hundreds of millions of tax money.

>> No.4046791

>>4046629
This. Amazon wants a trip to the moon so they can afford better developers to ditch pajeet.

>> No.4046807

>>4046465
If I could spend my bitcoin in amazon nothing would stop me from putting almost my full salary into bitcoin the moment I get it.

60% of the money I spend could be spent on Amazon.

>> No.4046836

>>4046787
>>4046776

I see that burgers have woken up - discussions not further possible

>> No.4046873

Amazon will use REQ as a payment gateway. You have been warned anon. Wait for news.

>> No.4046902

>>4046807
This. I wouldn't be able to resist.

>> No.4046910

>>4046512
Because they could put a surcharge on it and increase gross margins.

If Bitcoin was usable on Amazon, you could literally buy most things with it with ease. It would be revolutionary.

>> No.4046920

>>4046677
This. Super obvious if they accept Satoshis.

>> No.4046924

>>4046601
You get your 4000$ salary, you buy 4000$ worth of bitcoins with it, you spend 2000 of those bitcoins during the month, but during the month bitcoin has appreciated, so instead of saving 2000 you saved 2500.

Or the current scenario:

You get your salary, you spend 2000$ and once the month ends you saved 2000$, which you put into bitcoin.

The result? Because you don't put your money straight away into bitcoin you're a victim of inflation for a month.

If big retailers accept bitcoin, nothing would stop you from putting your salary right into bitcoin the moment you get it.

>> No.4046939

BUY THE RUMOUR
SELL THE NEWS

THIS SHIT IS GOING TO PUMP TODAY

BUY BUY BUY BUY

>> No.4046957

If it's true tomorrow, trading platforms gonna explode, literally.

>> No.4046986

>>4046302
its going to be bitcoin cash idiots not BITCOIN
they are doing what overstock did

screnn cap this

>> No.4046990

>>4046873
>being this desesperate to shill your bag of REQ like that

I feel sad for you anon.

>> No.4046997

>>4046512
Because bitcoin payment processors like Bitpay has an option to convert the BTC to fiat at the cost of a small rate.

>> No.4047014

>>4046997
Amazon has already enough FIAT to buy Belgium.
No if they do that it's to invest.

>> No.4047104

>>4046302
True if huge.

>> No.4047149

>>4046720
really? Well I'll be damned, they can probably absorb a bitcoin crash then

>>4046910
>surcharge
good point, they could charge ridiculous overheads

>>4046997
I don't see how that helps Amazon...

>> No.4047411

>>4046990
he wants to get reqqed

>> No.4047546

>>4046688
>Muh money laundering
>Muh tax money
Good goy

>> No.4047605
File: 3 KB, 125x105, 1504794621693s.jpg [View same] [iqdb] [saucenao] [google]
4047605

GUYS GUYS GUYS

what if...


you could BUY bitcoin on Amazon. One fell swoop, they could take over the global bitcoin exchange market and become the largest bitcoin holder in the world easily.

>> No.4047613
File: 687 KB, 909x608, SmartSelectImage_2017-10-14-14-18-34.png [View same] [iqdb] [saucenao] [google]
4047613

bittrex when? sounds legit senpai I'm in

>> No.4047676

>>4046807
Same here.

>want to buy a book on amazon
>logon to bittrex, make a small 1% trade
>use profits to make a purchase

>> No.4047769

>>4047676
>buying books
What is this, 1960?

>> No.4047874

>>4046396

Actually, this wouldn’t make bitcoin moon at all. The price of bitcoin keeps going up because they speculate and hope it will continue to rise. Amazon accepting BTC as payments would STABILIZE the price possibly lower than it is now. For bitcoin to be used as an everyday currency it HAS to be stable otherwise it would be too much of a liability (which is why it isn’t and most likely won’t be used by Amazon).

>> No.4047940

>>4047605

who is selling it to them? by taking fiat (which can be rolled back by credit cards) for crypto (which cannot be rolled back at all), Amazon would be by and large taking all the liability, putting themselves at risk of fraudulent activity and would require a lot more security to ensure someone doesn't buy 100 grand worth of btc on stolen credit card and fake IDs, rolling it back, and leaving the country. It's why exchanges require multiple forms of ID. hardly anywhere will let you buy with cash or even PayPal for that reason

>> No.4047982

>>4047940
I am saying they will just buy up and operate or re-implement the existing exchange model with full KYC/bank transfers etc. that are already in place. Amazon just bought Whole Foods, they could easily buy out and operate Gemini or Coinbase for example

>> No.4047988

>>4047874
Yeah, millions of people putting their wages into bitcoin because now they don't need that much fiat to go by, will totally tank the price.

Where do these brainlets come from?

>For bitcoin to be used as an everyday currency it HAS to be stable

Why do you think pnd only happens on low volume shitcoins? Because Bitcoin is way too stable already. With more acceptation volatility will go down as whales become more irrelevant in the scope of the market.

Stability is not a requirement of everyday currencies in digital markets that change the prices automatically in a matter of seconds.

>> No.4048146

The best part about this isn't Amazon.. it's if they will implement it with Whole Foods which people religiously buy from.


WFM stock went from $30 to $42 when Amazon bought them.

AMZ stock went from $800 to $1000 when they bought Whole Foods.

Bitcoin would jump $1000-$2000 in price if Amazon & Whole Foods implemented them.

>> No.4048916

> Die Welt reported that fintech sources in Silicon Valley were echoing previous hints from investor James Altucher

So, Source A reports that Source B heard from Source C

Sounds like most /biz/ rumors here

>> No.4048962

>>4048146
Amazon stock didn't go from $800 to $1000 after whole foods deal fag, where are you getting your numbers? There stock is actually slightly lower now

>> No.4049004 [DELETED] 
File: 108 KB, 960x604, bitcoin.jpg [View same] [iqdb] [saucenao] [google]
4049004

https://www.amazon.com/REAL-WAYS-MAKE-MONEY-ONLINE/dp/1549985086/ref=sr_1_1?s=books&ie=UTF8&qid=1508955874&sr=1-1&keywords=markaizarl