Bitcoin Forum

Economy => Service Discussion => Topic started by: rockyshala on November 14, 2017, 10:25:35 PM



Title: Will Overstock focus more on its Blockchain investments?
Post by: rockyshala on November 14, 2017, 10:25:35 PM
There is little doubt that Overstock has had a fabulous 2017 to date. As of 10th November 2017, the American internet retailer has seen its stock price rise almost 200% compared to the start of the year. This is pretty special however you look at it, but especially since it actually reported pre-tax losses of $6.5 million for Quarter 3 of the year.

So why does the market view Overstock so optimistically when it has recently reported figures like these?

Find out more: https://cryptodaily.co.uk/2017/11/will-overstock-focus-blockchain-investments/


Title: Re: Will Overstock focus more on its Blockchain investments?
Post by: The Pharmacist on November 14, 2017, 10:35:47 PM
I don't know jack about blockchain investments, but Overstock is starting to look very smart for not only taking bitcoin but actually keeping it instead of just using a payment processor that converts crypto--->fiat.  At least that's what I heard they were doing.  And not only bitcoin, but they were in possession of a ton of dogecoin and ltc if I'm not mistaken.  Smart, but this could easily have gone the other way and bitcoin could have tanked.  Then their stock price would be swirling around the crapper.

Never bought anything from them, but I admire their pioneer spirit.  This is what is going to move bitcoin and other cryptos forward.