|
Title: Overstock CEO reveals he holds millions in Bitcoin Post by: seleme on February 01, 2014, 03:32:00 AM 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. Title: Re: Overstock CEO reveals he holds millions in Bitcoin Post by: Holliday on February 01, 2014, 03:33:59 AM 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. Title: Re: Overstock CEO reveals he holds millions in Bitcoin Post by: chessnut on February 01, 2014, 04:08:33 AM 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? Title: Re: Overstock CEO reveals he holds millions in Bitcoin Post by: notig on February 01, 2014, 04:12:56 AM 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.
Title: Re: Overstock CEO reveals he holds millions in Bitcoin Post by: Peter R on February 01, 2014, 04:17:49 AM 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. Title: Re: Overstock CEO reveals he holds millions in Bitcoin Post by: JimboToronto on February 01, 2014, 06:45:20 AM 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. Title: Re: Overstock CEO reveals he holds millions in Bitcoin Post by: calian on February 01, 2014, 07:53:46 AM Shareholders selling to buy coins...
Title: Re: Overstock CEO reveals he holds millions in Bitcoin Post by: Lethn on February 01, 2014, 08:04:57 AM Shareholders selling to buy coins... Maybe that's why the markets have been tanking lately? LOL! :P Title: Re: Overstock CEO reveals he holds millions in Bitcoin Post by: jballs on February 01, 2014, 08:12:21 AM 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 Title: Re: Overstock CEO reveals he holds millions in Bitcoin Post by: BitChick on February 02, 2014, 04:37:08 AM 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. Title: Re: Overstock CEO reveals he holds millions in Bitcoin Post by: h3rlihy on February 02, 2014, 04:40:50 AM Sounds like he is "bitminted" as my mate would say
Title: Re: Overstock CEO reveals he holds millions in Bitcoin Post by: GigaCoin on February 02, 2014, 09:04:06 AM 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. Title: Re: Overstock CEO reveals he holds millions in Bitcoin Post by: seleme on February 02, 2014, 06:58:02 PM 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. |