Price increase because of steam ? - page 4.

Pitchblackroom

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Quote from: pooya87 on April 26, 2016, 11:11:59 PM

i think steam accepting bitcoin has been effective but it is too soon to think the effect was that big. it was a good news about a big company accepting bitcoin it will affect the price even of none of the gamers use bitcoin.
on the other hand i don't think the effect was this big, the current rise is because of many other stuff like segwit, halving, ...

Yeah there are a lot of omitted variables to your thought of Steam being the reason of price increases. We will just have to see over time if Bitcoin will continue to increase or if this is just another price pump by the whales. Then again, there hasn't been any crazy FUD this month either.

pooya87

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i think steam accepting bitcoin has been effective but it is too soon to think the effect was that big. it was a good news about a big company accepting bitcoin it will affect the price even of none of the gamers use bitcoin.
on the other hand i don't think the effect was this big, the current rise is because of many other stuff like segwit, halving, ...

talks_cheep

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Let's not forget when a major company adopts bitcoin as a payment, btc price actually went DOWN. It's a common fallacy to assume that btc price will go up because a major company adopts bitcoin, history has shown to be just the opposite.

So, if it weren't for steam accepting bitcoin, we'd see 500 already.

bigfryguy

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

1Referee

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Quote from: zimmah on April 26, 2016, 08:49:01 PM

it's more because of segwit and the upcoming halving than anything else.

Most likely this, yes. Merchant acceptance doesn't make any impact on the price anymore like it used to do back in 2013 and even 2014. Which makes any impact of Steam on the price highly unlikely.

zimmah

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steam has little to do with it

it's more because of segwit and the upcoming halving than anything else.

mskryxz

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I think it may have had a small effect but I think it's mainly because we are getting closer towards the halving.

LarryHocks

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Maybe there is a chance that the bitcoin will increase in its price by steam but I honestly doubt about it.
The bitcoin is pretty stable nowadays and I think there is not gonna be a rise because of steam, if there will be a rise it will just be a couple dollars in my eyes.

sishendaoye

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No I do not think that if steam will step in the bitcoin will rise because I also did not see this at other big company's that has stepped in.
I honestly think that it will not rise to be honest.

spazzdla

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Bitflix just got a license to work in the Eu as well.

Probably a triple threat those two items and the count down to the halvening is getting closer to 0.

That steam announcement is awesome sauce though.

OmegaStarScream

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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.

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