Price increase because of steam ? - page 3.

Flademago

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Pesobit, Simple Yet Useful Coin

Quote from: richardsNY on May 08, 2016, 04:22:11 PM

Quote from: Flademago on April 28, 2016, 02:28:06 PM

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...

that is true. Steam is the mass adoption. This will increase the price fundamentally. SegWit will increase the block size.

Steam will only make Bitcoin a bit more popular between gamers and that's it. It will not impact the price in any way. In order to get the price to increase on a large scale we need high level wealthy investors and not gamers.

That is right. But the wealthy investors' money is controlled by fund managers. They are not so smart.

richardsNY

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Quote from: Flademago on April 28, 2016, 02:28:06 PM

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...

that is true. Steam is the mass adoption. This will increase the price fundamentally. SegWit will increase the block size.

Steam will only make Bitcoin a bit more popular between gamers and that's it. It will not impact the price in any way. In order to get the price to increase on a large scale we need high level wealthy investors and not gamers.

Saidmod

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The bitcoin price is just trading in a small range from $440 to $470. There is no news to drive it either way.

Flademago

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Pesobit, Simple Yet Useful Coin

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...

that is true. Steam is the mass adoption. This will increase the price fundamentally. SegWit will increase the block size.

The Arcitect

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Too much movement today to make a marker of this.
Come back in May to make back your losses. Cheesy

upsidedown75

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I too believe the Steam announcement made a hype and many players were exposed to bitcoins and started using them.Yes, Steam did quite a bump on the price of bitcoin but I don't think it is the only reason why the value increased.
As many users said, the halving is also highly affecting the price of bitcoin.

safari88

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Quote from: Amph on April 28, 2016, 01:34:23 AM

it's again under 450, nothing happen, was just someone buying because of those good news, in the hope that he would instigate a panic buying, but it did not happened

and it seems we are going back stabilized at a price of $430, just waiting for the price increase when approached halving.

target

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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

Amph

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it's again under 450, nothing happened, was just someone buying because of those good news, in the hope that he would instigate a panic buying, but it did not happened

Mervyn_Pumpkinhead

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The price increase was because of the halving hype. Now BTC->STEAM->$ is choking it.

OmegaStarScream

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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.

dothebeats

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Cashback 15%

Probably added to the price increase lately, seeing that gamers will only take a couple of minutes to buy in-game items and/or currency from Steam. It's great that more and more good news are pouring lately and contributing to the price increase plus positive reaction from the masses. This is exciting, given that we do have less than 3 months until the halving.

Red-Apple

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well, steam accepting bitcoin is a huge news not only for us bitcoin users but also for all the gamers on steam who will be exposed to bitcoin which will increase the popularity of bitcoin and lead to adoption but i think it is too soon for steam to cause this much price rise, this rise is just because of halving and segwit news.

The Arcitect

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It is swinging down again. Cut by $11 since yesterday's price increase.

thejaytiesto

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It's going to be available all over the world. Soon people that had massive problems trying to buy stuff in steam will be quickly buying games, so of course this made Bitcoin more valuable, but Steam adoption is only another part. The bones of price rise is Core team delivering a great update and the rest of good news. Steam and halving just help to make the fundamentals even more positive.

spazzdla

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Quote from: bigfryguy on April 26, 2016, 09:07:12 PM

dont forget the yuan beginning its move to decouple from the USD by becoming a gold pegged currency.

WHAT?>!?!?!?!?!

airezx20

sr. member

Activity: 350

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I think it helps a little bit but not at all maybe in the future if players know about bitcoin they convert to buy bitcoin and use it to buy a credit in steam..
And i think thats why the price is increasing fast day by day its because of block halving.. and they are start buying more bitcoins right now because they dont see for price decrease so better to start buying it right now then you can make a profit sooner... but its better to sell it when the price reach 900 so that you can make more profit..

Amph

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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...

arseaboy

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Quote from: btcltccoins on April 27, 2016, 12:40:21 AM

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.

thats all your opinions, but in my view, halving is coming, so when will halving come than automatically the price of bitcoin is increasing, you can see when the last halving came, the same reason was here, the price is increasing day to day.

yes indeed it is because of halving why bitcoin keep rising up, but we also need to consider that every new company traders or any thing that has been added to transaction using bitcoin is also a factor of price increase is just so happen that the timing of Steam was perfect. let see when halving was ended.

btcltccoins

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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.

thats all your opinions, but in my view, halving is coming, so when will halving come than automatically the price of bitcoin is increasing, you can see when the last halving came, the same reason was here, the price is increasing day to day.

Topic: Price increase because of steam ? - page 3. (Read 3462 times)