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Author Topic: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold  (Read 1117 times)
Ripdon007
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February 22, 2014, 03:31:01 AM
 #1

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  Cool Cool

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

I mine my bitcoins at https://www.directpool.net ### I get my bitcoin news fix at https://coinreport.net
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SirWilliam
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February 22, 2014, 09:40:06 AM
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Oh, he is the man! Knows what he is talking about...
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February 22, 2014, 10:12:58 AM
 #3

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  Cool Cool

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

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TrailingComet
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February 22, 2014, 10:26:45 AM
 #4

The ecosystem needs evangelists in high places like him. Great to see.

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February 22, 2014, 01:47:54 PM
 #5

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.

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February 22, 2014, 01:57:18 PM
 #6

I knew it.
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February 22, 2014, 02:00:43 PM
 #7

Yeah now all the whales hoping for another 1000% profit over the year , i am afraid that will never happen again.

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February 22, 2014, 07:40:12 PM
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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  Wink

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February 22, 2014, 07:48:02 PM
 #9

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  Wink

+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.
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February 22, 2014, 07:48:57 PM
 #10

Great news Smiley
We can use people like him in such hard times for bitcoin.

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February 22, 2014, 10:43:47 PM
 #11

Wow  Shocked

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  Cheesy

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

He's smarter than I gave him credit for  Cheesy 

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

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February 23, 2014, 12:48:55 AM
 #12

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February 23, 2014, 04:35:44 AM
 #13

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.

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February 23, 2014, 01:14:42 PM
 #14

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,
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February 23, 2014, 01:18:36 PM
 #15

This is good news.  Smiley
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February 23, 2014, 02:45:38 PM
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CEO Patrick really knows about the economy. I think he will have great success.
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February 23, 2014, 03:21:30 PM
 #17

And now that bitcoin is rising again... it will be an awesome decision  Cheesy

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