Price increase because of steam ? - page 2.

rekinthis

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Quote from: OmegaStarScream on April 26, 2016, 01:10:26 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

bitcoinhopper

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Bravity is beautiful.

I dont think so because you see also that the value is rising slowly so that is nice but the halving is also coming towards to us and that is perfect for the people.
But it is nice also of course that Bitcoin is now more acceptable on Steam so it can also earn more money.

maudevang

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Quote from: Icathia on May 23, 2016, 04:03:56 AM

Because of the fact that Steam allows you to use Bitcoins lets people spend mroe Bitcoins then usual. Because of this the value of the Bitcoin is going up and people are not holding on to there coins as much.

That is a huge factor because Steam now allows you to use bitcoins to buy games. Some people now spend there coins on Steam instead of holding them for the future this way the value of the Bitcoin is going up.

Icathia

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Because of the fact that Steam allows you to use Bitcoins lets people spend mroe Bitcoins then usual. Because of this the value of the Bitcoin is going up and people are not holding on to there coins as much.

Xenophoto

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Initially Steam users would be one of the factors why did the bitcoin's price has increased. It's really possible that BTC price will pump up because there's a lot of wealthy people playing Steam Games. Now that Steam is accepting bitcoins, some of them might prefer bitcoin because the transaction is fast.

Batmanvsduecare

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No real impact has come from the introduction of bitcoin on steam, sure it's a big platform for gamers, but the population of gamers is not a big impact on bitcoin adoption and surely many of them were already on cryptocoins as they are tech savy.
Now if Paypal, ebay or Amazon adopts bitcoin, that's a whole other story as the user base will expand greatly to affect the price of bitcoin.

arwin100

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Quote from: richardsNY on May 21, 2016, 08:23:33 PM

Quote from: zimmah on May 21, 2016, 06:29:44 PM

I dont think steam has a large impact on the price by itself.

It is of course a factor, and it will probably help with the adoption of bitcoin as more people will use it and see the use for it.

Merchant acceptance will not have a positive impact on the price as there is really no reason for it to do so. It doesn't add anything beside them accepting Bitcoin through services such as BitPay etc. That's why it doesn't and shouldn't have a positive impact on the price.

It really doesnt effect because the only thing can do about it is it will make bitcoin user larger, and also it can open up the awareness to other business shops that bitcoin is existing and accepted by steam maybe it can affect and they accept it to but somehow as you can see the price now its terribly decreasing dont know why maybe theirs lot of people selling their coins for their own good but really the main factor that bitcoin can go up to higher price is the more people buying, the bigger the demand the highee price will go up.

richardsNY

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Quote from: zimmah on May 21, 2016, 06:29:44 PM

I dont think steam has a large impact on the price by itself.

It is of course a factor, and it will probably help with the adoption of bitcoin as more people will use it and see the use for it.

Merchant acceptance will not have a positive impact on the price as there is really no reason for it to do so. It doesn't add anything beside them accepting Bitcoin through services such as BitPay etc. That's why it doesn't and shouldn't have a positive impact on the price.

zimmah

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I dont think steam has a large impact on the price by itself.

It is of course a factor, and it will probably help with the adoption of bitcoin as more people will use it and see the use for it.

lissandra

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Quote from: Saidmod on May 21, 2016, 02:12:05 PM

Quote from: dumbfbrankings on May 21, 2016, 12:50:27 AM

Price will increase strong because of steam. Halvening come soon to, so well hodl, and then sodl at higher prices.

The bitcoin price dropped from $460 to $430, is that also because of Steam? I think it is nothing to do with a single company.

No, it just means old buyers are backing out of bitcoin a bit.

And probably riding the ETH hype that people are dabbling with cause they can see a form of profit.

If you havent noticed its getting face more then any altcoin has in the past - which I can understand since coinbase is adopting it as well.

Saidmod

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Quote from: dumbfbrankings on May 21, 2016, 12:50:27 AM

Price will increase strong because of steam. Halvening come soon to, so well hodl, and then sodl at higher prices.

The bitcoin price dropped from $460 to $430, is that also because of Steam? I think it is nothing to do with a single company.

techgeek

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Quote from: Amph on April 27, 2016, 01:44:14 AM

3 things, seg wit, steam and halving, are doing something to increase the hype, they are generating a small hype and thus this will be reflected into the price

steam alone won't do much, because buing videogame with btc is not something entirely new...

Thats pretty huge actually.

3 things esp Steam, when the core audience is young teens who are aware of bitcoin.

So I can only imagine more steam and bitcoin for skins and keys for CS alone, and other games.

Cyaren

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It could be because of steam, after all, gamers are likely to adopt bitcoin.

But still, most of the bitcoin prices are caused by large traders trading on a leverage. While there is a chance that this price increase is caused by people using steam, but it is most likely to do with the big players.

dumbfbrankings

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Price will increase strong because of steam. Halvening come soon to, so well hodl, and then sodl at higher prices.

Herbert2020

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the effect of steam on bitcoin price will be a long term effect which also would be slow. just the other day i was checking the forum and i saw a couple of people who have just found out about this after 1.5 month! so that means that others who are not in bitcoin world yet would take longer to find out about the feature and start buying/using bitcoin.

xht

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hey you, yeah you, fuck you!!!

Will see still not long time steam accept bitcoin, so i think to make affect with bitcoin price we need more time. i hope it will goes fast so price increase much before halving.

Ostonian

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It will take many years to convert the Steam users to bitcoin users. In fact, the bitcoin price just dropped today.

Etaren

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Quote from: target on April 28, 2016, 01:46:24 AM

Quote from: OmegaStarScream on April 28, 2016, 01:20:26 AM

It decreased by like 25$ since I made this topic , I withdraw what I said ... It's probably not because of steam but it's definitely some manipulation from exchange or big holders.

ye take it back. someone just dump thier btc.

its good that they now use btc on steam though. I do play online games from time to time and so I should be able to spread the word to my fellow gamers.
I probably can let my friends register on coinbase under my ref link lol

No it is now rising because it was already stable for a long time and you also know that the halving is coming slowly towards to us so that is perfect for the most people.
But if it will be acceptable on Steam than it would be also perfect because now more people can also spend it so that is nice.

wildan88

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very possible considering steam users very much, and almost every day there is always a transaction, and bitcoin makes them easier transactions. so many buy bitcoin for steam.

OrangeII

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I guess it's true. most people in the steam are gamers and they require fast transactions to equip a good buy. so maybe they are using bitcoin transactions

Topic: Price increase because of steam ? - page 2. (Read 3462 times)