I was just thinking of making a post about this but I like yours! Fingers crossed, just bought some more bitcoin. I give it a low probability that tomorrow will be the day they start accepting it but if it is the day I wonder how bitcoin price will react! Amazon is also my biggest holding as far as stocks... I'm excited 🤣🤣🤣
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Bitcoin would sell off. Amazon isn't excepting bitcoin if this is true they would instantly sell it for local currency this driving price lower
And then they also have the additional risk of losing value(If BTC were to drop).
Perhaps but this would bring large amounts of credibility and publicity to bitcoin increasing the amount of new buyers...
I'm no expert though
It would bring attention
But bitcoin is already being pumped all day everyday on CNBC
A lot of big money is already in that's why we are up 800% in last year, Amazon will never expect bitcoin. They won't risk there government subsidies just to please a few thousand customers. If they did they wouldn't expect bitcoin they would be paid in government currency and sell the bitcoin through bitpay. This won't help bitcoin long term in anyway.
Being able to use bitcoin in more practical ways won't help it long term? Again im kind of a newbie to this space so I've got a lot to learn.
Now I know this is probably a stupid sounding question but can you explain to me why the government would cut subsidies to amazon if they accepted bitcoin?
Not financial advice but sell your stocks and buy steem. Remember me when you are rich.
I love steem but i still think its future is still too unknown to do something like that. Thanks for your thoughts