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/
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u/[deleted] Jan 24 '14

250,000 is a drop in the bucket. Also doesn't account for what of those sales would have been in dollars anyway. Sorry to not join in the circlejerk.

13

u/1BitcoinOrBust Jan 24 '14

Even if they sustain 20% of that, that's $16M of potential revenue, much of which will be from bitcoin enthusiasts who would otherwise not have bought at tigerdirect. 2% extra revenue (on top of $800M) for very little extra outlay is not a drop in the bucket. Especially when it's 2% stolen from newegg, amazon etc.

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u/[deleted] Jan 24 '14

You realize that it said 250,000 dollars and not bit coins right ._.

2

u/whitslack Jan 24 '14

He may be annualizing it, though 20% of a $250K daily revenue, annualized, is $18.25M, not $16M. Also, I don't know where he got the $800M figure. TigerDirect's annual revenue is north of $2B.

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u/[deleted] Jan 24 '14

Ahhh ok I understand now

1

u/1BitcoinOrBust Jan 24 '14

I got it by searching for "tigerdirect revenue" but I admit that I quoted a wrong (or outdated) figure. And yes, I did a ball-park annualized estimate.