Can we please stop saying overstock and tigerdirect accepting bitcoins drags the price down
Firstly, the lets assume overstock and tiger direct immediately sells their coins. Let's also assume overstock sold $500,000 worth and tigerdirect sold 1million dollars for a total of 1.5mill/$800= 1875 coins. By saying acceptance drags the market down assumes 1875 coins can influence the market. 1875 coins over a month (or even two weeks) is not going to cause too much significant downtrend. The daily volume from 2-3 exchanges over a week exceeds 10x that. If anything, the news alone has gotten traders and investors to buy more than 2000 coins. Unless I am missing something, acceptance is unlikely to drag the price down but instead increase. Edit: 3600 coins are mined everyday!
Edit: NAO LIVE! Edit #2: To our friends up north (Canada), you may use the US site and ship to Canada! Enjoy. :D Edit #3: We're working on a few kinks with the Canada delivery option. This is not an option. Apologies and stay tuned! We're working on TigerDirect.ca. Edit #4: We're now officially accepting bitcoin in CANADA!
Should you purchase from overstock.com in light of recent news?
They have begun accepting BTC for US customers as of today. However, I have noticed that much of what I wish to purchase is not the lowest price. As a profit-maximizing individual, should I still buy from them? Furthermore, there's this story about how they made up competitor prices for price comparisons on their website. I'd consider that a form of fraud. Should you support a company with these shady business practices? OTOH, I think I saw somewhere that Newegg was itching to accept bitcoin as soon as another major retailer would. Do you forsee them or tigerdirect accepting Bitcoin soon because of Overstock? I would definitely use Bitcoin for Newegg as I've had nothing but positive experiences there.
Since TigerDirect started accepting BitCoin, that's kind of a deal maker to me. NewEgg and Amazon, you are losing my business to TD.
I have a pretty regular need for decent hardware and components, and I usually shop NewEgg, Monoprice, and Amazon. However, since TigerDirect started accepting Bitcoin, there is really nothing compelling at other hardware mail order retailers for me. I've switched 100% over. Upvote if you agree? I don't expect this gap to last long, to be honest. Once TigerDirect and Overstock started accepting, I kind of feel like 2014 is the year of more mainstream Bitcoin. Watch out, Paypal....
DISH Network announces it will start accepting Bitcoin for subscription payments, joining Overstock.com, TigerDirect, Zynga and others. Is it time to start taking Bitcoin seriously as an investment opportunity?
PSA about TigerDirect and one Bitcoin users experience using their platform to buy goods with bitcoins. The take-aways are that although it's good that TigerDirect now accepts bitcoins, their service model makes it worse than purchasing with FIAT.
[Economy] How does TigerDirect/Overstock accepting bitcoin, stimulate the economy?
Ok, so I feel like perhaps I'm overlooking something major. If Overstock or TigerDirect were directly accepting/holding Bitcoin, I could see how it would help the economy overall. But with them just taking them and cashing out immediately, how does that really help the Bitcoin economy? Is someone really going to say "Hrmm, TigerDirect offers me the ability to pay with Bitcoin, Coinbase here I come!", or will they just whip out their debit/credit card, and buy it directly, no delay? There are no benefits to the end user who doesn't have Bitcoin, and to blindly feel that folks will buy Bitcoin just because TigerDirect now accepts it, well, I just don't see it. So, /bitcoin, please enlighten me, how does them accepting Bitcoin, ultimately strengthen our (Bitcoin's) economy, when they are just selling them immediately.
Should I spend some of my BTC to buy a couple high-end GPUs and mine altcoins? Would the profit margin be worth it? Or should I just hold on to my BTC and hoard it like everyone else? I know ASICs are generally frowned upon but would those be an option once TigerDirect starts selling BFL equipment?
US retailer TigerDirect accepts Bitcoin payments. The retailer of electronics and computing products gives the digital currency a bit more legitimacy and utility. TigerDirect.com has announced that it has chosen to accept Bitcoin payments. When I see this news, I immediately think of the miners that are TigerDirect accepts Bitcoin. By admin on January 23, 2014 in. TigerDirect.com has announced that it has chosen to accept Bitcoin payments. When I see this news, I immediately think of the miners that are supporting lower difficulty cryptocoins or Scrypt based coins. Now they will be able to upgrade their gear with Bitcoins. This is also great news for those who build their own computers or buy ... TigerDirect today announced it has started accepting Bitcoin as a method of payment on over 200,000 products via both its desktop and mobile websites. The company claimed it is the first major US ... — TigerDirect (@TigerDirect) November 29, 2013 It was duly retweeted nearly 800 times. On Christmas Day, a company representative replied to a user’s bitcoin request on Facebook with another ...
The Bitcoin Group #11 (Live) - Gas Station Accepts Bitcoin -- Miners not Transmitters - India Bitco
This video is unavailable. Watch Queue Queue. Watch Queue Queue Start Mining Now - http://bit.ly/1aQolyz We now accept BitCoin currency through the use of BitPay and carry the products to help you or keep you mining bitcoins. Episode 36: The Bitcoin economy and infrastructure is mature enough that you can go unbanked — or rather, be your own bank — without changing your lifestyle. Get discounts AND starve the war ... Dell now accepts bitcoin in the United States for online purchases of its products. Overstock.com and online technology marketplace TigerDirect also accept the crypto currency. The price of ... This video is unavailable. Watch Queue Queue. Watch Queue Queue