Re: Overstock.com accepting bitcoin

Amazon is next.

If Amazon is next, there will be a BIG BANG within the BTC network! Value will skyrocket imo~

Which leads to an interesting question, if by places accepting bitcoin causes the value to skyrocket, why would be inclined to spend their bitcoins instead of holding onto them to make a nice profit. If companies start accepting bitcoin but no one uses it, what effect would that have on merchants wanting to stick with bitcoin.

Not trying to sound negative, just trying to look at all things related bitcoin and try to predict the type of impact it could have.

why there is always only one option? i can spent and save coins at the same time.

true you can do both especially if something is coming up in value quite a bit. i still think though that it's a very valid arguement that when something is going up in value people don't want to let it go. it's like people who go gamble and start winning and can rarely ever seem to walk away when their ahead.

anyway, it's great to see a large retailer getting behind bitcoin. i suspect it's going to be a growing trend in the coming months/years. super excited about that!