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A comment on Overstock.com Will Start Taking Bitcoin Next Year. Parent comment

Re:Overstock.com Will Start Taking Bitcoin Next Year by Avalaxy on Thursday December 19, 2013 @05:34PM (#6938439)
Well, the CEO seems pretty convinced that bitcoin is awesome and worth trying. And he's right; why not? If you convert it to dollars with bitpay, there isn't much risk, and there's a PR bonus.
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Re:Overstock.com Will Start Taking Bitcoin Next Year by yapcguy on Thursday December 19, 2013 @06:08PM (#6938646)
It would be terrible cash management for Overstock to hold onto Bitcoins given the volatile swings. Better to let Bitpay shoulder the burden.
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Re:Overstock.com Will Start Taking Bitcoin Next Year by hmsimha on Thursday December 19, 2013 @06:11PM (#6938668)
I doubt Bitpay is shouldering the burden, more likely they're just pumping the bitcoin they receive back into one of the exchanges.
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Re:Overstock.com Will Start Taking Bitcoin Next Year by aianus on Thursday December 19, 2013 @06:51PM (#6938874)
They're shouldering the burden between the time the invoice is issued until it's paid. They eat the price change in that (potentially up to 15 minute) window.
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