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Topic: "Dell is now the world's largest ecommerce business to accept #bitcoin" - page 3. (Read 5808 times)

legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
This is huge. They will also be offering a discount for bitcoin purchases. 10%+ discounts for using BTC is what's going to drive consumer adoption.

Revenue numbers from Wikipedia: US$ 56.94 billion (2013)[3]

That's... Easily more than Overstock and NewEgg and Flowers.com and every other Bitcoin business put together. And then some.

Awesome. A company that has a yearly revenue that of several multiples of the market cap of Bitcoin.

Close to 7 times bigger than Bitcoin's market cap.

Can anyone say...."cho0 cho0"?

 Grin Grin Grin
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Big news. How much longer can the price continue to ignore these developments?

Honestly I don't think it will be much longer the market can only stay slumbering so long before it will get jolted back
Starting to consider moving a larger position back into bitcoins again those altcoins (the good ones) are tempting things
legendary
Activity: 896
Merit: 1000
Just some simple math... Two thousand early adopters spend 50 BTC each on Dell hardware.
Result: 100k extra BTC sold on exchanges, triggering a healthy capitulation.  Cheesy

is this a joke and I'm just being dumb? why would someone spend 30 grand on dell computers?

I dont think he was joking, unfortunately.
sr. member
Activity: 462
Merit: 250
And why do you think they had wait until dell accepts it to buy hardware? Lol, they spent what they wanted to spend long ago
sr. member
Activity: 336
Merit: 250
Just some simple math... Two thousand early adopters spend 50 BTC each on Dell hardware.
Result: 100k extra BTC sold on exchanges, triggering a healthy capitulation.  Cheesy

is this a joke and I'm just being dumb? why would someone spend 30 grand on dell computers?
hero member
Activity: 618
Merit: 500
a clockwork miner
I think that the following graph is pretty self-explanatory about the impact of this news:



Graph taken from http://www.coindesk.com/computer-giant-dell-now-accepts-bitcoin/
hero member
Activity: 798
Merit: 1000
Who's there?
At last. It's the first company I actually heard of before they started taking bitcoins.   Grin

You've never heard of Expedia?  What country do you live in?
Never heard of them. By the name I would guess that these guys are doing door-to-door encyclopedia selling. "Ex" suggests that the encyclopedias are second-hand Smiley
Yes, I live far away from civilization. Smiley
legendary
Activity: 1027
Merit: 1005
At last. It's the first company I actually heard of before they started taking bitcoins.   Grin

You've never heard of Expedia?  What country do you live in?

TigerDirect or Newegg either? You must not mine!  Tongue

But yeah, most of the companies I had never heard of or never dealt with personally.
hero member
Activity: 1022
Merit: 500
At last. It's the first company I actually heard of before they started taking bitcoins.   Grin

Haha exactly

Hopefully many more known companies will come, we are still growing strong
sr. member
Activity: 378
Merit: 255

Interesting to  see if this payment method will be adopted for Dells corporate users, could just be the nudge some business need for adopting Bitcoin  payments.


This is what I'm most interested in...  Next time Overstock needs to upgrade servers.. are they going to go to Dell, and can they use BTC to pay?   If this is a Yes & Yes, we will finally start seeing companies holding on to BTC instead of insta-converting immediately at time of sale.

Sigg

Overstock already holds 10% of their bitcoin sales in bitcoin.
sr. member
Activity: 378
Merit: 255
At last. It's the first company I actually heard of before they started taking bitcoins.   Grin

You've never heard of Expedia?  What country do you live in?
hero member
Activity: 798
Merit: 1000
Who's there?
At last. It's the first company I actually heard of before they started taking bitcoins.   Grin
hero member
Activity: 728
Merit: 500

Interesting to  see if this payment method will be adopted for Dells corporate users, could just be the nudge some business need for adopting Bitcoin  payments.


This is what I'm most interested in...  Next time Overstock needs to upgrade servers.. are they going to go to Dell, and can they use BTC to pay?   If this is a Yes & Yes, we will finally start seeing companies holding on to BTC instead of insta-converting immediately at time of sale.

Sigg

My guess is that if they are willing to give big % discounts to customers who use BTC, they would be just as likely to encourage use to corporate customers as well.

Of course the significant discounts could just be a way to try and get current BTC enthusiasts to buy along with the announcement... we will see.  Exciting times regardless!
sr. member
Activity: 381
Merit: 250

Interesting to  see if this payment method will be adopted for Dells corporate users, could just be the nudge some business need for adopting Bitcoin  payments.


This is what I'm most interested in...  Next time Overstock needs to upgrade servers.. are they going to go to Dell, and can they use BTC to pay?   If this is a Yes & Yes, we will finally start seeing companies holding on to BTC instead of insta-converting immediately at time of sale.

Sigg
member
Activity: 62
Merit: 10
Great news and Well done Dell hope this also applies to Dell Uk if so sons getting a new XPS for Uni.

Interesting to  see if this payment method will be adopted for Dells corporate users, could just be the nudge some business need for adopting Bitcoin  payments.
hero member
Activity: 743
Merit: 500
legendary
Activity: 1036
Merit: 1000
This is huge. They will also be offering a discount for bitcoin purchases. 10%+ discounts for using BTC is what's going to drive consumer adoption.

Amazing.  Just to clarify, it looks as though the 10% discount is only good for the purchase of an Alienware complete system.  They aren't giving a 10% discount for all bitcoin purchases.  But this is definitely major.

Haha! They probably figure that if there's one market segment that can actually afford Alienware computers, it would be (Bitcoin) early adopters. Grin

Yup, I think they understand the dishoard-spending theory, wherein most bitcoin purchases are made when the price rises,* simply because people start to feel like they have too many bitcoins and not enough traditional assets. Instead of selling some coins on exchange, wiring to bank, paying with credit card, then paying off the credit card with a check, they can just use the coins directly. It saves on fees, counterparty risk, time, and hassle.

Now since they know people are spending bitcoins primarily because their Bitcoin holdings just got to be "big money" from the holder's perspective, of course relatively luxury items are going to be on the table. Smart discount strategy.

*Deflation causes spending, completely in the face of all Keynesian wisdom. P.S., this also invalidates the concerns that "spending bitcoins with merchants will depress the price" - nope, they were going to be sold on exchange anyway.
hero member
Activity: 504
Merit: 500
Man, it must be embarrassing being a tech company and having Dell beating you to the punch. How many are scrambling right now?

Should be fun to see more large companies starting to accept BTC. Probably a good time to buy right now, cause price could start jumping up soon!
hero member
Activity: 686
Merit: 500
The news is barely out an hour or two.

Give it time to disseminate. Then give it time to sink in. It is pretty big.

And why the day after the Bitlicence announcement? It's not by coincidence. More news coming shortly unless I'm mistaken.

Well, notice after Huobi hit the .5 retrace, the news hit and for the last 2 hours rebounded quite strongly. Might have something to do with it. Or maybe just coincidence.
legendary
Activity: 896
Merit: 1001
Man, it must be embarrassing being a tech company and having Dell beating you to the punch. How many are scrambling right now?
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