Price increase because of steam ? | Bitcointalksearch.org

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Quote from: newcoins1978 on July 10, 2016, 12:14:12 AM

No there never been a price increase due to steam, steam never been a huge factor and the most indeed do not even know they can pay on steam with the bitcoin.
I think it almost or even had zero influence on the bitcoin market honestly.

I bought twice on Steam with Bitcoin, first time was a surprise see BTC as payment.

Price usually slightly higher, but for those who have to pay taxes on international payments or don't have an international credit cards, or would have to sell Bitcoins to buy games, it is an advantage. Plus the buy is instant, with other forms of payment you would have to wait hours or even days to get your games delivered.

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Quote from: newcoins1978 on July 10, 2016, 12:14:12 AM

No there never been a price increase due to steam, steam never been a huge factor and the most indeed do not even know they can pay on steam with the bitcoin.
I think it almost or even had zero influence on the bitcoin market honestly.

you are right. since steam accept bitcoin, I never felt the change. I think very little steam players who use bitcoin, and it does not provide a clear effect on the price of bitcoin. I think the thing that makes the price change is due to halving bitcoin. and people selling bitcoinnya with a very high price, thus making bitcoin prices rise

newcoins1978

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No there never been a price increase due to steam, steam never been a huge factor and the most indeed do not even know they can pay on steam with the bitcoin.
I think it almost or even had zero influence on the bitcoin market honestly.

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Quote from: OmegaStarScream on June 25, 2016, 07:20:40 AM

Quote from: Slark on June 25, 2016, 07:10:20 AM

Speaking of Steam - Summer Steam Sale is officially on; rejoice!

But to the point - I lot of you are saying that Steam is really popular and bitcoin payments are really great etc. But how many of you actually buy something from Steam directly with BTC?
How many people you know - people who use steam on daily basis even look at new Bitcoin payment method? I guess not many.

The problem is Bitcoin acceptance was not advertised anywhere! Most people don't know about it! In hindsight - I can tell that price rise because of Steam wasn't as significant as I expected.

Now both G2A.com and Steam are accepting Bitcoin so it's a little bit hard for Steam to compete with the cheap prices. But when it comes to Summer sales and Halloween sales Steam always wins.
So, I personally think a lot of people use BTC at the moment for steam. (hopefully Bitpay or Steam will give us numbers at the end of the year)

It would be better for Steam to offer some discount to Bitcoin users to encourage the bitcoin payment.

OmegaStarScream

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Quote from: Slark on June 25, 2016, 07:10:20 AM

Speaking of Steam - Summer Steam Sale is officially on; rejoice!

But to the point - I lot of you are saying that Steam is really popular and bitcoin payments are really great etc. But how many of you actually buy something from Steam directly with BTC?
How many people you know - people who use steam on daily basis even look at new Bitcoin payment method? I guess not many.

The problem is Bitcoin acceptance was not advertised anywhere! Most people don't know about it! In hindsight - I can tell that price rise because of Steam wasn't as significant as I expected.

Now both G2A.com and Steam are accepting Bitcoin so it's a little bit hard for Steam to compete with the cheap prices. But when it comes to Summer sales and Halloween sales Steam always wins.
So, I personally think a lot of people use BTC at the moment for steam. (hopefully Bitpay or Steam will give us numbers at the end of the year)

Slark

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Speaking of Steam - Summer Steam Sale is officially on; rejoice!

But to the point - I lot of you are saying that Steam is really popular and bitcoin payments are really great etc. But how many of you actually buy something from Steam directly with BTC?
How many people you know - people who use steam on daily basis even look at new Bitcoin payment method? I guess not many.

The problem is Bitcoin acceptance was not advertised anywhere! Most people don't know about it! In hindsight - I can tell that price rise because of Steam wasn't as significant as I expected.

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Quote from: crairezx20 on June 16, 2016, 02:33:46 PM

Quote from: Bitcoinbro on June 16, 2016, 02:00:28 PM

No there is no price increase because of steam its just that steam is not so popular with bitcoin right now.
A lot of people do not even know it so that is already saying enough in my eyes.

I think it helps a lot why bitcoin is increasing when they announce that they are accepting bitcoin the price of bitcoin boost and increase and now if you are relaying for the price right now this is not in steam its because of chinese trading exchange bitcoins is in demand there thats why the price is increase fast..

If 10% of the Steam users are converted to bitcoin users, that could double the bitcoin price. But it will take some time.

crairezx20

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Quote from: Bitcoinbro on June 16, 2016, 02:00:28 PM

No there is no price increase because of steam its just that steam is not so popular with bitcoin right now.
A lot of people do not even know it so that is already saying enough in my eyes.

I think it helps a lot why bitcoin is increasing when they announce that they are accepting bitcoin the price of bitcoin boost and increase and now if you are relaying for the price right now this is not in steam its because of chinese trading exchange bitcoins is in demand there thats why the price is increase fast..

lister storm

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Quote from: Bitcoinbro on June 16, 2016, 02:00:28 PM

No there is no price increase because of steam its just that steam is not so popular with bitcoin right now.
A lot of people do not even know it so that is already saying enough in my eyes.

in my opinion steam is really popular with bitcoins as there are ways of getting your bitcoins for free in my opinion as there are people who dont have any credit cards or something like that

i think it might be impacted by the steam starting accepting bitcoins as the payment method, though it might also be just a price bubble that is going to burst pretty soon

Bitcoinbro

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No there is no price increase because of steam its just that steam is not so popular with bitcoin right now.
A lot of people do not even know it so that is already saying enough in my eyes.

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Quote from: BlueStackz on June 16, 2016, 12:55:16 PM

Quote from: Saidmod on June 16, 2016, 04:47:21 AM

Quote from: Flademago on June 08, 2016, 02:20:31 PM

Quote from: crairezx20 on May 28, 2016, 02:52:25 PM

Quote from: bitlancr on May 28, 2016, 02:48:57 PM

No I do not think the price increase is because of steam to be honest, I really do not know how the price increase has come these days.
I hope it will stay around the 500 dollar.

I think because of incoming block halving and i think the price increase because of more investors from lisk and ethereum are converting there altcoin back to bitcoin..

I agree with the first argument about the block reward halving. The Etheruem price is also an all time high.

Both bitcoin and Ethereum are competing to see who has the highest rise, so far, bitcoin is winning the race.

Yes this is the time to hold both bitcoin and Ethereum and see both are rising.
This rise is off course not due to the steam adoption but due to the halving process on the way IMHO!

Steam have very little to do, with what is going on here... but I figure people would buy more games, if they made more profits from the currency value going up. If you bought at $200 a year ago,

and you sold now at $700+ ... you could buy a couple of games as a reward for your efforts. Grin

....Come to think of it, I still have to buy some birthday gifts and some games from Steam would just

be the thing to do while the price is high. Grin

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Quote from: Saidmod on June 16, 2016, 04:47:21 AM

Quote from: Flademago on June 08, 2016, 02:20:31 PM

Quote from: crairezx20 on May 28, 2016, 02:52:25 PM

Quote from: bitlancr on May 28, 2016, 02:48:57 PM

No I do not think the price increase is because of steam to be honest, I really do not know how the price increase has come these days.
I hope it will stay around the 500 dollar.

I think because of incoming block halving and i think the price increase because of more investors from lisk and ethereum are converting there altcoin back to bitcoin..

I agree with the first argument about the block reward halving. The Etheruem price is also an all time high.

Both bitcoin and Ethereum are competing to see who has the highest rise, so far, bitcoin is winning the race.

Yes this is the time to hold both bitcoin and Ethereum and see both are rising.
This rise is off course not due to the steam adoption but due to the halving process on the way IMHO!

Saidmod

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Quote from: Flademago on June 08, 2016, 02:20:31 PM

Quote from: crairezx20 on May 28, 2016, 02:52:25 PM

Quote from: bitlancr on May 28, 2016, 02:48:57 PM

No I do not think the price increase is because of steam to be honest, I really do not know how the price increase has come these days.
I hope it will stay around the 500 dollar.

I think because of incoming block halving and i think the price increase because of more investors from lisk and ethereum are converting there altcoin back to bitcoin..

I agree with the first argument about the block reward halving. The Etheruem price is also an all time high.

Both bitcoin and Ethereum are competing to see who has the highest rise, so far, bitcoin is winning the race.

Flademago

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Quote from: crairezx20 on May 28, 2016, 02:52:25 PM

Quote from: bitlancr on May 28, 2016, 02:48:57 PM

No I do not think the price increase is because of steam to be honest, I really do not know how the price increase has come these days.
I hope it will stay around the 500 dollar.

I think because of incoming block halving and i think the price increase because of more investors from lisk and ethereum are converting there altcoin back to bitcoin..

I agree with the first argument about the block reward halving. The Etheruem price is also an all time high.

crairezx20

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Quote from: bitlancr on May 28, 2016, 02:48:57 PM

No I do not think the price increase is because of steam to be honest, I really do not know how the price increase has come these days.
I hope it will stay around the 500 dollar.

I think because of incoming block halving and i think the price increase because of more investors from lisk and ethereum are converting there altcoin back to bitcoin..

bitlancr

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No I do not think the price increase is because of steam to be honest, I really do not know how the price increase has come these days.
I hope it will stay around the 500 dollar.

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Quote from: OmegaStarScream on April 26, 2016, 02:10:26 PM

I was watching this video : https://youtu.be/Nvz4o10fGFI then I went to check preev and I found the price 466$~ so is the recent price increase have something to do with Steam accepting Bitcoin "officially" ? or it's because of something else.

no i don't think that recent price rise was because of steam, actually i think that this price rise was because of people started to buy lots of bitcoins, probably they want to sell them after price rise

not many bitcoin users use steam so they can't have impact on bitcoin price, but more people know about halving, so they buy bitcoins now and they will try to sell them after halving

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Quote from: rekinthis on May 23, 2016, 12:19:40 PM

Quote from: OmegaStarScream on April 26, 2016, 02:10:26 PM

I was watching this video : https://youtu.be/Nvz4o10fGFI then I went to check preev and I found the price 466$~ so is the recent price increase have something to do with Steam accepting Bitcoin "officially" ? or it's because of something else.

i also don't think that it directly affected bitcoin price, because there are not many people that use steam and bitcoins at the same time so it couldn't affect it directly

but maybe bitcoin is more popular now because people will see bitcoin name more so maybe they will look about it in internet and maybe will start to use them so it is good for bitcoin

I dont think it affect also because stacm acceptance is just newly happen and bitcoin by that time is continously rising i think the main reason why bitcoin price is rising up is due to people are starting buying and bagging some btc now because halving eventnis nearly coming and panic buying for today has great help to bitcoin to rise up slowly little by little and we can see more price rising up daily because many people are still buying more btc and waiting for this historical event nearly happen.

Ostonian

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The price has risen to $498 already. That is not the effect of Steam. I think SegWit will come out soon.

Topic: Price increase because of steam ? (Read 3410 times)