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Topic: 2013-11-23 OnBitcoin - Newegg Hints at Accepting Bitcoin - page 2. (Read 2078 times)

legendary
Activity: 1400
Merit: 1013
What if consumer electronics manufacturers in SE Asia are quietly telling their import partners they want bitcoins instead of dollars?
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
Here is a thought.  The more major merchants that accept bitcoin the wilder the exchange rate will be.  Merchants especially large one won't keep the coins they have to convert right away so that means large dumps on exchanges that might not get bought.  Or I could be wrong.

Planning to buy a billion dollar TV?
I'm not but people generally shop at predictable times of day.  Newegg isn't worldwide and no merchants that currently are announcing that they are accepting bitcoin actually are planning to keep the bitcoins.  So either it's just publicity which is more likely because otherwise newegg would have to cash out a large amounts of coins on an exchange.  Maybe there are bids to buy them all and maybe not.  It adds to volatility. All these companies getting interested is great for bitcoin exposure but they aren't interested in keeping bitcoins as far as I have seen.
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
I would definitely pounce on this.  Go Newegg Go!!!
sr. member
Activity: 336
Merit: 250
Dunno what they're waiting for...
sr. member
Activity: 462
Merit: 250
Here is a thought.  The more major merchants that accept bitcoin the wilder the exchange rate will be.  Merchants especially large one won't keep the coins they have to convert right away so that means large dumps on exchanges that might not get bought.  Or I could be wrong.

LOL at "could be wrong"

Wait..... where do ppl get btc from again? ..... buying or mining ....

What you're implying is ..... no buying..... so mining then?

Ok then miners are spending their coins..... wooohoo..... wait whats the different if they sell btc and spend fiat?


oh... could you be ... more wrong?
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Here is a thought.  The more major merchants that accept bitcoin the wilder the exchange rate will be.  Merchants especially large one won't keep the coins they have to convert right away so that means large dumps on exchanges that might not get bought.  Or I could be wrong.

Planning to buy a billion dollar TV?
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
Here is a thought.  The more major merchants that accept bitcoin the wilder the exchange rate will be.  Merchants especially large one won't keep the coins they have to convert right away so that means large dumps on exchanges that might not get bought.  Or I could be wrong.
hero member
Activity: 798
Merit: 1000
In a tweet, consumer electronics powerhouse Newegg hinted that it is exploring the option of accepting Bitcoin.

https://twitter.com/Newegg/statuses/404299166261981184

Quote
It's a possibility, #staytuned Smiley RT @thedatascape: @Newegg Do you have any plans to add Bitcoin as one of your payment methods?

http://onbitcoin.com/2013/11/23/newegg-hints-accepting-bitcoin-consumer-electronics/

Bring it Smiley
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