Everyone have been looking for big retail companies to come on board, with digital currency.
Thing is, the Bitcoin community is not supporting this.
It was reported that on the 9th January 2014, when Overstock became the first major retailer in the world to start accepting Bitcoin, they made sales worth US$126,000 in Bitcoin.
As of 13 March 2014, Overstock Bitcoin income had shrunk to under 1% of their normal daily cash intake.
Source "
http://en.wikipedia.org/wiki/Overstock.com"
My question is this. Why not support these ground breaking companies?, to proof to the rest of the retailers, that bitcoin has huge potential income.
Or are we hoarding coins for potential investment returns?
Usually companies are going to see a surge in bitcoin sales when they start to offer it as a payment option. In order for that number to keep growing bitcoin is going to have to be adopted as an alternative payment system by more and more average people who would otherwise use PayPal or their credit cards to purchase things online.
Maybe bitcoin is growing in that regard but the price isn't a great indicator of consumer adoption. I would like to see some good evidence showing that more and more people are starting to choose bitcoin over other alternative payment systems. I guess keeping an eye on bitpay is one good way to watch that.
