Re: Price if Amazon Accepts Bitcoin

It might not affect the price at all as the price is mostly controlled by an accumulation/distribution cycle of whales.

Would you be willing to place a 0.5 BTC bet?

If the price goes up during the 24 hour period after Amazon announces they are accepting bitcoin, you give me 0.5 BTC.

If the price goes down or remains exactly unchanged during the 24 hour period after Amazon announces they are accepting bitcoin, I give you 0.5 BTC.

If Amazon never accepts bitcoin, the bet is void.

No. My post starts off with "it might", meaning it's not something I'm betting on as a certainty. In addition, the terms of your bet are ridiculous in betting that the price wouldn't increase at all during the day - bitcoin price is very volatile and could rise a little due toe the volatility or due to the rally that is currently going on without neccessarily being the effect of Amazon news.

This bet is no less ridiculous than your bearish stance on Amazon accepting bitcoin

How is it a bearish stance? I did not say that prices would decline. My stance is simply that news does not always have an immediate cause and effect relationship with price.