Bitcoin Forum

Told you so, OverStock.com accepting Bitcoin pushed price of Bitcoin over $1000

now you have Zynga accpeting Bitcoin.
http://www.businessweek.com/news/2014-01-05/bitcoin-tops-1-000-again-on-adoption-by-zynga-amid-wider-usage

Very soon, Facebook, Google Pay Per click, ect...

It was Zynga not Overstock that pushed it over $1000, and it's the fickle people that push the price up.

Did overstock add BTC's already? because the last I saw was a topic regarding them considering adding it later. The recent jump was due to zynga adding it.

Overstock will be pushing it very soon, don't you worry.

I don't think it was just either of those...  There was also speculation that netflix.com may be starting to accept bitcoin.   Also there is talk of that Chinese exchange that is doing over 60% of the world's volume.   Since China clamped down on some of their laws, this guy is supposedly backing the whole thing with his personal bank account...

I could see them backing out and just riding the free publicity they got.

Overstock backing out wouldn't really surprise me, but it would be silly of them to do. Lose credibility with an entire network of potential customers? Nah, they will just wait a year or two to make sure they can't lose money on it.

Keep spreading the news  ;)

For some reason I dont think overstock news is going to make bitcoin jump 20%

It's all speculation

They can always back out for business reasons.I think they've also got a board to please, haven't they?

They wasn't planned to start next summer ?
The value of Bitcoin is just skyrocketing.

Are people going to spend their bitcoins on shopping when their value continues to rise?

It doesn't always rise; sometimes it crashes. If you bought Bitcoins early then maybe it's a good idea to get some physical goods for next to nothing.

Will Overstock accept Bitcoin for all purchases, or only low-value ones? That's a big difference...

Overstock.com will most likely accept Bitcoin for all products.
It doesn't make sense to accept Bitcoin for low price items only.

Well, price is going up. So tell me, when its going to be $10000 per one?

There was also speculation that netflix.com may be starting to accept bitcoin

I hope we see more and more retailers start accepting bitcoin in 2014

If we can see one or 2 of the altcoins take off I think it will really cement cryptocurrency's in the mainstream.

No more centralisation of money and hopefully a few of us make some money ;)

Not quite. It's the day after they started accepting it and now the price is  $836.03.

The markets are very fickle. Doesn't take much to push and then pull the price right back down.