[2015-08-07] TigerDirect Reports Fantastic Experience and Continued Growth

[LiteCoinGuy]

TigerDirect Reports Fantastic Experience and Continued Growth

TigerDirect, an online retailer of computers and consumer electronics has been accepting bitcoin for 18 months through BitPay, beginning in January of 2014.

https://bitcoinmagazine.com/21516/18-months-adopting-bitcoin-tigerdirect-reports-fantastic-experience-continued-growth/

[Kprawn]

Fuck yea! .... Cannot say it any differently than that. I have been waiting for some kind of positive response from these guys for months. Now we only need Dell to give us some

good news too.

" The company also told Bitcoin Magazine that the average order placed with bitcoin is 30 percent larger than the average order. "

The Overstock sales figures was not that great, but it's still promising and Patrick is still sticking it to the Bitcoin haters. Luv'in every second of it!!!!

It seems as though the Bitcoin traders are the people who are the biggest consumers at these sites... playing the volatility and spending the rewards on valuable items. 

[bryant.coleman]

The problem with Overstock was that they kept a large part of their revenues from Bitcoin transactions in crypto, rather than converting them to fiat. They were hoping that the exchange rates will go to the roof, thereby making huge profits for the company. Unfortunately, the opposite happened and they lost money. Also, their decision to invest in some of the shitcoins backfired on them. TigerDirect never kept a large part of their revenues in BTC.

[jdebunt]

The problem with Overstock was that they kept a large part of their revenues from Bitcoin transactions in crypto, rather than converting them to fiat. They were hoping that the exchange rates will go to the roof, thereby making huge profits for the company. Unfortunately, the opposite happened and they lost money. Also, their decision to invest in some of the shitcoins backfired on them. TigerDirect never kept a large part of their revenues in BTC.

Especially the part about altcoins is a valid point. Why try to invest in pump and dump schemes to begin with? Quick profit, sure, but most of the time, quick losses.