Bitcoin Forum

I personally plan on spending some coins there, I think it will be awesome to be able to buy such a huge variety of things.  We all know the theory of a strong economy depends on spending.  Will you spend if there's a big availability to make purchases, or are you hoarding for future value?

I ^^

EDIT : I will see how it will cost me in BTC first.

I need a new desk chair myself.

ill buy some things on there just to support a large merchant accepting bitcoin

from what I understand it will be dynamic pricing, as in the price is set against the current USD exchange rate.

Patrick Bryne is great though.

My thoughts too, hopefully it will help spur adoption :)

i guess they deliever to europe? probably i will do that yes  :)

Yes I will.

If they have equivalent or better prices, for sure. 

I probably will.

If they have anything good that I can buy with some matured BTC then yes.

I mean... If I spent $600 on a BTC in November and they are worth $1200 when I'm shopping on Overstock. Spending 1 BTC on a $1200 item would be like getting it for $600. And it would spur the adoption movement, making my other coins worth more.

It's almost unfair how easy it is.

I have shopped with overstock.com several times before and will be glad to do it with Bitcoins!  I want Bitcoins to take over the electronic payment world and more!

Mtnminer

I make a point of shopping with and supporting any business that accepts Bitcoin as payment, even if I don't need the product in question or if it costs slightly more than buying the same product through a fiat-only store. Overstock will be no different. I'll find something there to buy! Recently placed an order with lollyphile.com for some lollipops, and I don't even have a sweet tooth. But %#&@ it, they accept Bitcoin, so they got $50ish worth of my business(or 0.08BTC). :D

I feel it is important to let merchants know they that expand their client-base when they accept BTC.

If they ship to UK I will buy something just to support their choice.
It was a though one for such a large business and I like Patrick Bryne from what I have seen
No more alpaca socks :P

Definitely. We need Overstock to show other retailers bitcoins are worth taking.

I've already purchased a number of things from overstock.com.  They will get more of my business in the future.

Whether they have "equivalent prices" or not we should all be shopping there for obvious reasons.

Lose the silly hangups and remember the big picture.

-B-

Everybody get ready to reward this company with business!

That said, how are the prices?

They carry most things I'd otherwise order off Amazon. Never shopped there before. I'm definitely open to paying a little extra there for the convenience (lets me go longer without needing to buy USD).

I used to use BitSpend for all of my online shopping. Hopefully Overstock.com will allow me to purchase more things online with bitcoins.

They aren't launching till June unfortunately. Hopefully some other major online (or offline) retailer will be taking bitcoins by June.

Most definitely. As soon as they accept BTC, I'll spend some big bucks there!

I will probably spend a few mBTC to support them and to demonstrate that there is a new market to cover
Can't wait for more merchants to follow overclock

lol. That's the spirit ;)

(though I do understand)

im looking for a quality used workstation since I cannibalized all of my other machines mining over the past year. I would love to find a good one at overstock once they start accepting btc.

I've never used them before, but they seem to have quite a large stock where a lot of stuff I would normally get from Amazon. But, if it allows Bitcoin purchases which are not insanely priced this could be a great alternative.

I can't wait! :-)  ;D

I'll buy more bitcoins, just to spend them on overstock and support them.

Seems Overstock is going to be scraping in a lot of profit just for accepting Bitcoin. Now, why don't other companies see this and jump on it? Overstock accepting Bitcoin is going to be one of their key moments to a successful company.

I will go out of my way to buy something when they accept Bitcoin as payment, even if I wouldn't have bought it otherwise.

I think the credit card fees for businesses selling stuff is more like 2 to 3%, plus additional hefty chargeback fees when the merchant is scammed by customers, which happens more often than you may think.

This customer fraud is, of course, passed on to the honest customers via higher prices necessary to cover the fraud and stay in business.

So bitcoin can eventually cause prices to drop while keeping profits at the same level.  A win-win for everyone and a great boon to the economy, jobs, etc.  Maybe not so much of a boon to dishonest customers who have learned to game the current system and certainly not a boon to the predatory credit card industry.

Once a few of the big retailers are accepting bitcoin for payment, many others may of necessity follow their lead.

I think we really should all do our best to shop at Overstock with BTC as soon as they accept it so they see it was a good idea and then other retailers will follow suit.

edit: has Overstock said what they will do with the BTC?  Will they sell it on an exchange?

I don't think they have announced what they will be doing with the Bitcoin. I'm assuming they will be exchanging it or if they want to try and be smart they will try and sell at a higher price.

They'll probably do the smart thing, exchange part of it to keep some fiat cash flow, and hold a portion of it for future value, or for spending.  If they're able to spend the BTC in kind that will make the overall economy much healthier.

don't know if i will shop with them, but i'll make an effort to.

this is good, its nice to see more sites like overstock start to accept  btc, it will only expand bitcoin and the price will rise,

hopefully more stores start accept bitcoin so i can have more options on to spend my bits! Great move

it's inevitable, but the more merchants that begin to accept bitcoin.. the more the government will monitor it. once it gets so big, big brother might change his mind and decide to regulate BTC a lot more than it currently is. it's inevitable though, so i'm not against it. it will have to happen if bitcoin wants to expand.

Yes, this is a very important step for BTC!  Let's all chip in a little bit and send a message that online retailers can really benefit for accepting BTC.  I'll certainly be shopping a bit. 

Pretty sure Overstock said they'd be cashing out BTC every night, to minimize risk. 

Definitely at least once, I don't shop at Overstock normally.

IMO overstock.com should be called overpriced.com

I will buy some stuff for sure :)

They already said they will be using derivatives to hedge against changes in bitcoin prices.