Bitcoin Forum

Bitcoin => Press => Topic started by: Ripdon007 on February 22, 2014, 03:31:01 AM



Title: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: Ripdon007 on February 22, 2014, 03:31:01 AM
This guy Patrick continues to surprise me.. at first i thought he was just doing a publicity stunt but turns out he's serious about bitcoin which is really cool  8) 8)

https://coinreport.net/overstock-ceo-holds-bitcoin-like-gold/


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: SirWilliam on February 22, 2014, 09:40:06 AM
Oh, he is the man! Knows what he is talking about...


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: hilariousandco on February 22, 2014, 10:12:58 AM
This guy Patrick continues to surprise me.. at first i thought he was just doing a publicity stunt but turns out he's serious about bitcoin which is really cool  8) 8)

https://coinreport.net/overstock-ceo-holds-bitcoin-like-gold/

Same, but he really seems like a smart guy and is a bit of a renegade. Read this great article for a bit more insight on him: https://bitcointalk.org/index.php?topic=459203.0


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: TrailingComet on February 22, 2014, 10:26:45 AM
The ecosystem needs evangelists in high places like him. Great to see.


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: LiteCoinGuy on February 22, 2014, 01:47:54 PM
he is really a pro BTC guy and has alot power to bring btc into mainstream. thanks!

"In addition to Bitcoin, Byrne also wants to accept other cryptocurrencies such as Litecoin"

nice.


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: samson on February 22, 2014, 01:57:18 PM
I knew it.


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: MICRO on February 22, 2014, 02:00:43 PM
Yeah now all the whales hoping for another 1000% profit over the year , i am afraid that will never happen again.


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: LiteCoinGuy on February 22, 2014, 07:40:12 PM
Yeah now all the whales hoping for another 1000% profit over the year , i am afraid that will never happen again.

i think it will  ;)


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: cr1776 on February 22, 2014, 07:48:02 PM
Yeah now all the whales hoping for another 1000% profit over the year , i am afraid that will never happen again.

i think it will  ;)

+1.  QFT.

If the "market cap" remains around $10 billion, bitcoin will not have succeeded. Back when the "market cap" was "only" in the tens of millions, people were saying the same thing.  Thinking it could go to $100 million seemed like a fantasy.  :-)

Either bitcoin will continue to grow tremendously from here or it will fail.


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: rmines on February 22, 2014, 07:48:57 PM
Great news :)
We can use people like him in such hard times for bitcoin.


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: Unacceptable on February 22, 2014, 10:43:47 PM
Wow  :o

He said this:

“I don’t think we ever got out of the recession. We’ve been reinflating the bubble and calling it recovery.”

I've been thinking that since about 2010  :D

Never heard anyone say this in a public forum!!!!!

He's smarter than I gave him credit for  :D 

We do need more folks like him...not just in Bitcoin,but in politics!!!!!!!  8) 


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: BitDreams on February 23, 2014, 12:48:55 AM
https://i.imgur.com/yAkpOpU.png


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: Bit_Happy on February 23, 2014, 04:35:44 AM
If Overstock decides to sell their Overstock of BTC, then we have a problem.
Glad to see he is sold on keeping BTC as a long-term investment.


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: bitcool on February 23, 2014, 01:14:42 PM
If Overstock decides to sell their Overstock of BTC, then we have a problem.
Glad to see he is sold on keeping BTC as a long-term investment.

Overstock is not holding BTC, he personally does. Someone selling a few million dollars worth of BTC does not mean "we have a problem".

Quote
The company has to pay Coinbase an undisclosed fee to convert the Bitcoin they get from sales to U.S dollars, but it’s lower than what credit card companies usually charge. Byrne says,


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: sergio on February 23, 2014, 02:45:38 PM
CEO Patrick really knows about the economy. I think he will have great success.


Title: Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold
Post by: Gabi on February 23, 2014, 03:21:30 PM
And now that bitcoin is rising again... it will be an awesome decision  :D