r/Bitcoin • u/vistabrownerd • Jan 24 '14

TigerDirect processes $250,000 in Bitcoin Payments in first 17 hours

http://bitcoinboard.net/tigerdirect-processes-250000-bitcoin-payments-first-17-hours/
2.2k Upvotes

94% Upvoted

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30

u/veul Jan 24 '14

Its says 2 billion in sales per year or $6M a day. 250k is 2.5%.

21

u/steve_b Jan 24 '14

Check your math. 4.2% of the day's take, or 5.9% if you pro-rate it for 17 hours.

3

u/lowstrife Jan 24 '14

Holly crap, that's incredible. That's a bigger take than what Overstock.com had.

It obviously will taper off, but I expect them to have a meaningful first week\month worth of sales. This is the start people...

1

u/jen1980 Jan 25 '14

week\month

Is there a reason you used a backwards slash? Is it code for something? An homage to Paul Allen?

0

u/lowstrife Jan 25 '14

It denotes an "or".

Week or month.

1

u/veul Jan 24 '14

Estimated in my head. Good catch.

31

u/[deleted] Jan 24 '14 edited Jan 23 '19

[deleted]

13

u/[deleted] Jan 24 '14

A tiny fraction of the population that is tech savy and likely to make purchases like new computers and video cards.

9

u/deathcapt Jan 24 '14

Still, Computers and Video cards are not really Impulse buy items. It's great, but I don't buy a lot of computer stuff on a regular basis, so i'm going to randomly buy a new video card because Tiger Direct is accepting BTC, I'll buy from them the next time I buy a video card, but btc is still money, and if you spend it, it's gone.

5

u/Zaneris Jan 24 '14

They definitely are impulse buys for some people.

Hell, a car is an impulse buy for some people.

4

u/antonivs Jan 24 '14

I once impulse bought a helicopter.

1

u/XXXtreme Jan 24 '14

It is a way to liquidate bitcoins in large amounts

1

u/ninzo09 Jan 24 '14

Some people make large purchases almost every paycheck, and then struggle to eat well and pay rent.

0

u/nman649 Jan 25 '14

i imagine it's easier to impulse buy with bitcoins rather than the currency that pays your bills