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Author Topic: [2014-01-09] Overstock.com Is Now Accepting Bitcoins  (Read 1413 times)
bitcoincostarica
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January 09, 2014, 08:26:23 PM
 #1

http://www.wired.com/business/2014/01/overstock-bitcoin-live/

http://www.overstock.com/bitcoin
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January 09, 2014, 08:51:44 PM
 #2

So tell me again doomsters, you can't actually spend Bitcoin on anything?

Just listen to the silence.   Cheesy

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January 09, 2014, 09:05:08 PM
 #3

This was much needed.. Now just sit and wait as other merchants follow..
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January 09, 2014, 09:15:32 PM
 #4

I am actually excited about this.  I would think other retailers will wait and see how Overstock does.  How will Overstock convert it into fiat though?  I thought exchanges needed to be regulated and there weren't any in US?

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January 09, 2014, 09:20:43 PM
 #5

Now it's time to ask for Shipito.com for the Bitcoin acception!

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bitcoincostarica
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January 09, 2014, 09:23:14 PM
 #6

I am actually excited about this.  I would think other retailers will wait and see how Overstock does.  How will Overstock convert it into fiat though?  I thought exchanges needed to be regulated and there weren't any in US?

Correct me if I am wrong here but they partnered with Coinbase.com I assume that's how.

Cheers
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January 09, 2014, 09:36:57 PM
 #7

Overstock.com sell cars. A wide selection, from what I'm seeing.

Big news.

Vires in numeris
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January 09, 2014, 10:36:10 PM
 #8

Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.

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January 09, 2014, 10:37:06 PM
 #9

Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.

Bitcoin Payment option is US only  Angry (at least that's the issue for me)

All previous versions of currency will no longer be supported as of this update
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January 09, 2014, 11:19:49 PM
 #10

great news. i would love to buy something but i guess from europe its impossible?

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January 09, 2014, 11:20:42 PM
 #11

Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.

Bitcoin Payment option is US only  Angry (at least that's the issue for me)

https://twitter.com/Overstock/status/421388627462324224
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January 09, 2014, 11:29:59 PM
 #12

Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.

Bitcoin Payment option is US only  Angry (at least that's the issue for me)

https://twitter.com/Overstock/status/421388627462324224

thx

bitcoincostarica
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January 09, 2014, 11:48:02 PM
 #13

Is it me or has the market been pretty calm after this announcement.  What do you guys think?

I wonder if thats it!  Huh
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January 10, 2014, 12:44:18 AM
 #14

The best product on Overstock:
http://www.overstock.com/Books-Movies-Music-Games/Bitcoin-User-Guide-Mine-and-Spend-Bitcoins-Paperback/8336449/product.html?searchidx=0 Grin

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January 10, 2014, 06:58:14 AM
 #15

No Bitcoin option in the UK...
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January 10, 2014, 08:25:18 AM
 #16

It's now time to spend some bitcoins to show them that was a good idea Cheesy
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January 10, 2014, 03:10:56 PM
 #17

I am actually excited about this.  I would think other retailers will wait and see how Overstock does.  How will Overstock convert it into fiat though?  I thought exchanges needed to be regulated and there weren't any in US?

Correct me if I am wrong here but they partnered with Coinbase.com I assume that's how.

Cheers

Yep, this will certainly hurt Bitpay a smudge, but I'm guessing it'll ultimately help more than hurt.

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
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PM me with any questions on these sites!  Happy to help!
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January 10, 2014, 03:51:52 PM
 #18

Quote
"I'm a big fan of Bitcoin … Regulation of money supply needs to be depoliticized. "
 
-Al Gore, Former US Vice President and
Winner of Nobel Peace Prize

I have nothing against this, none what so ever...just.. doesn't Al Gore have an issue about Co2 and ye ol' climate? lol.

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January 10, 2014, 04:24:46 PM
 #19

Is it me or has the market been pretty calm after this announcement.  What do you guys think?

I wonder if thats it!  Huh

I think there's a fair bit of growth built into the market if you're talking about the price of bitcoin...

So I wouldn't expect a pop after this.  We'll see if there's a sell off, but I'd assume the market has been expecting this for a while.

I think the next mark will be when Overtsock releases how much it has improved their bottom line, perhaps on their earnings call.

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bitbouillion
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January 10, 2014, 05:56:51 PM
 #20

Yep, this will certainly hurt Bitpay a smudge, but I'm guessing it'll ultimately help more than hurt.

Competition is good, and isn't that a motto of Bitcoiners?

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