Amazon is next.
If Amazon is next, there will be a BIG BANG within the BTC network! Value will skyrocket imo~
Which leads to an interesting question, if by places accepting bitcoin causes the value to skyrocket, why would be inclined to spend their bitcoins instead of holding onto them to make a nice profit. If companies start accepting bitcoin but no one uses it, what effect would that have on merchants wanting to stick with bitcoin.
Not trying to sound negative, just trying to look at all things related bitcoin and try to predict the type of impact it could have.
6$ is still 6$, whether its in USD or BTC. so even if you spend some there is no reason why you cant top up your balance every so often while still enjoying the rising value.
Correct but if you have $6 you can use on a debit card or $6 in bitcoin that you think will be worth $12 next week. Very few people outside of some bitcoin enthusiasts would probably want to spend $6 that they expect to go up in value. If you can top up than that means you already have the cash to do so so why not just spend that cash instead of converting it to bitcoin only to do the same thing with it.
I think it is a very valid arguement and most people I've talked to about bitcoin tend to say the same things when I say they should use bitcoin , they typically say 1) why buy something with cash so i can buy and item when i can already buy that item direct with the cash 2) why spend something i expect to go up in value .
I for one am a huge fan of bitcoin and the potential it has for international transactions, control over your own money without heavy fees, and microtransactions along with some of the benefits of remaining somewhat anonymous. So for me personally I will be buying some bitcoins specifically to use at overstock.com to support them and support the community. Just like I try to do at any place that choses to accept bitcoin recently, so long as they have some items or services I like or want.
I agree with everything you said, except I wont be spending my coins on anything any time soon, but I'm glad they're are people like you who are willing to spend their coins. We need transactions and goods to be purchased to keep the momentum going.