Author

Topic: Overstock CEO reveals he holds millions in Bitcoin (Read 1489 times)

legendary
Activity: 2772
Merit: 1028
Duelbits.com
Quote
Bitcoin sales, which the company began processing after 31st December, were not factored into the report. It’s big first-day earnings will not be reflected until the end of first quarter 2014.

from the link in OP.
sr. member
Activity: 308
Merit: 251
Giga
But why is the stock crashing? maybe investors consider holding bitcoins too risky. << I like this.
or is it just general economic conditions?

Amazon and other retailers fell pretty hard too.  I think bitcoin has been positive for Overstock. 

http://news.medill.northwestern.edu/chicago/news.aspx?id=227363

I read somewhere that the quarter results did not include the Bitcoin sales yet.  This quarter should be much better.

I'm pretty sure that's the case since they started accepting Bitcoin in January.
sr. member
Activity: 356
Merit: 250
Sounds like he is "bitminted" as my mate would say
legendary
Activity: 1148
Merit: 1001
But why is the stock crashing? maybe investors consider holding bitcoins too risky. << I like this.
or is it just general economic conditions?

Amazon and other retailers fell pretty hard too.  I think bitcoin has been positive for Overstock. 

http://news.medill.northwestern.edu/chicago/news.aspx?id=227363

I read somewhere that the quarter results did not include the Bitcoin sales yet.  This quarter should be much better.
member
Activity: 182
Merit: 10
But why is the stock crashing? maybe investors consider holding bitcoins too risky. << I like this.
or is it just general economic conditions?

Amazon and other retailers fell pretty hard too.  I think bitcoin has been positive for Overstock. 

http://news.medill.northwestern.edu/chicago/news.aspx?id=227363
legendary
Activity: 1540
Merit: 1000
Shareholders selling to buy coins...

Maybe that's why the markets have been tanking lately? LOL! Tongue
sr. member
Activity: 354
Merit: 250
Shareholders selling to buy coins...
legendary
Activity: 3990
Merit: 4460
You're never too old to think young.
But why is the stock crashing? maybe investors consider holding bitcoins too risky. << I like this.
or is it just general economic conditions?

Amazon and other retailers fell pretty hard too. 

Better to hold coins than shares at this time, for sure.
legendary
Activity: 1162
Merit: 1007
But why is the stock crashing? maybe investors consider holding bitcoins too risky. << I like this.
or is it just general economic conditions?

Amazon and other retailers fell pretty hard too.  I think bitcoin has been positive for Overstock. 
sr. member
Activity: 294
Merit: 250
As time goes on more "wealthy" people will buy bitcoin and when they do they won't really need to liquidate it for personal financial reasons. I think they are more likely to hold on until the moon than your average person.
legendary
Activity: 924
Merit: 1001
He canceled instruction that company itself can't hold Bitcoin too...

http://www.coindesk.com/overstock-ceo-holds-millions-bitcoin/

Imagine how many of these big guys we don't know about we already have on the ship. They were buying as crazy last summer, and they still do.

Excellent! I knew they would! there is no better way to accumulate a load of bitcoins. forget a market order. just put out your hand and catch them as they fall.
But why is the stock crashing? maybe investors consider holding bitcoins too risky. << I like this.
or is it just general economic conditions?
legendary
Activity: 1120
Merit: 1009
He canceled instruction that company itself can't hold Bitcoin too...

http://www.coindesk.com/overstock-ceo-holds-millions-bitcoin/

Imagine how many of these big guys we don't know about we already have on the ship. They were buying as crazy last summer, and they still do.

Interesting.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
He canceled instruction that company itself can't hold Bitcoin too...

http://www.coindesk.com/overstock-ceo-holds-millions-bitcoin/

Imagine how many of these big guys we don't know about we already have on the ship. They were buying as crazy last summer, and they still do.
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