this is great and all but bitcoin sales here seem to have slowed significantly since the first few days
Agreed, mostly because of the mt gox fiasco
Topic: Overstock getting close $1million sales in bitcoin - page 3. (Read 4443 times)
Agreed, mostly because of the mt gox fiasco
But bitcoin have droped almost 20% in this month
Since they exchange immediately for fiat, it doesn't scare them that much..
But bitcoin have droped almost 20% in this month
You must be new here.
I didn't know they are holding some of their acquired Bitcoins. That is even bigger news. Any gain (i.e. difference between value of BTC at time of sale and time of report) is reported separately. Since they are a publicly traded company they will have to report it. That would be a first. If it becomes large enough it might even become its own line item in the quarterly and annual reports.
That's the best start ever of major retailers adoption. Many were waiting for this great example, many will follow.
this is great and all but bitcoin sales here seem to have slowed significantly since the first few days
But bitcoin have droped almost 20% in this month
So? They'll probably rise over 20% soon.
This is fairly impressive. A million in a month I think is around 0.8-1.2% of their monthly revenues. The true test is the sustainability of sales in BTC.
Nonetheless, this is good news and could likely pave the way for more major businesses to begin accepting BTC.
Nonetheless, this is good news and could likely pave the way for more major businesses to begin accepting BTC.
I wish so much that they could expand their product offerings.
I now go there instead of Amazon.com for everything first. 50% of the time they don't have what I need so I end up buying at Amazon.com, but I am glad I can at least get some of my stuff now through Overstock.
If they had more, Amazon would be history for me.
I encourage everyone who shops amazon to start checking Overstock for the item first, and buying with Bitcoin.
-B-
I now go there instead of Amazon.com for everything first. 50% of the time they don't have what I need so I end up buying at Amazon.com, but I am glad I can at least get some of my stuff now through Overstock.
If they had more, Amazon would be history for me.
I encourage everyone who shops amazon to start checking Overstock for the item first, and buying with Bitcoin.
-B-
But bitcoin have droped almost 20% in this month
And this is just one website, they just started accepting bitcoin a month ago. Now multiply that for all the websites that accept bitcoin!
People cry on the back of a bit of bad news, but the more merchants keep accepting it the price will gradually grow. I'm sure we'll see many more merchants adopt BTC over the course of the year.
And this is just one website, they just started accepting bitcoin a month ago. Now multiply that for all the websites that accept bitcoin!
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Agreed. A million more in sales per month is no small potatoes.
Jeeze, it seems much longer than a month. Time really does move fast in cryptoworld.
They're happy to take your dollars but not your bitcoins.
This is a great news!
Agreed. A million more in sales per month is no small potatoes.
This is good for bitcoin and overstock.
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This is exactly what merchants need to do to drum up bitcoin business. Like I've said before, there is no incentive to shop with BTC if you don't already have some. No one is going to go thru the hassle of obtaining BTC just to shop with them, unless there is some benefit to using them, such as a discount, free shipping, or a rewards program like overstock is doing. Good job Overstock!!
Yeah, the CEO of Overstock is such a renegade. There's a great article on him over in the Press section. I hope him/them accepting/dealing with BTC really pays off for them.
That's great!
Good for Overstock!
Good for Overstock!
This is exactly what merchants need to do to drum up bitcoin business. Like I've said before, there is no incentive to shop with BTC if you don't already have some. No one is going to go thru the hassle of obtaining BTC just to shop with them, unless there is some benefit to using them, such as a discount, free shipping, or a rewards program like overstock is doing. Good job Overstock!!
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