Steam is no longer supporting BTC. - page 2.

JohnHero

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Quote from: jtipt on December 07, 2017, 11:07:20 AM

Steam was one of the biggest merchant that accepted bitcoin, now it has officially stopped supporting it because of high fees and high volatility.
You can read it here, http://steamcommunity.com/games/593110/announcements/detail/1464096684955433613

What is your thoughts on this, do you think steam should start accepting some other crypto maybe BCH or ETH?

I think this is the snow ball. Sooner other big companies will follow. I heard MC Donald's is gonna accept Bitcoin in 2018, and they will soon regret due volatility, as it happened with Steam.

blozo

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It's a reasonable decision, BTC is becoming a store of value not suitable for small payments due to the big fees...

They should accept other cryptocurrencies with smaller fees and faster transactions (before crypotokitties ETH would have been a good solution

)

CryptoTamer

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Quote from: jtipt on December 07, 2017, 11:07:20 AM

Steam was one of the biggest merchant that accepted bitcoin, now it has officially stopped supporting it because of high fees and high volatility.
You can read it here, http://steamcommunity.com/games/593110/announcements/detail/1464096684955433613

What is your thoughts on this, do you think steam should start accepting some other crypto maybe BCH or ETH?

I think this is a reasonable decision for the company and I can understand the problems experienced by the company so decided to stop accepting Bitcoin as payment but I hope Steam does not stop supporting cryptocurrency , it would be interesting if Steam accepts Litecoin

gjtnwls1

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that was expected. i wonder why they haven't done it earlier. sending bitcoins cost higher than an average game on steam, and there's no near-term solution. it is sad, but i don't think any merchant is happy to use bitcoin as a payment method wit these high fees.

shursight

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And who decided that? You? far as i know bitcoin is an speculative asset, but a lot of people are using bitcoin in their normal life.

Quote

Unfortunately, Bitcoin has decided to be a simple speculative asset. A tool to get rich quick.

If you are worried about the fees and the high cost of them, just order a bitcoin debit card, they are super fast, and if you are smart you will choose the cheapest card with the lower fees.

That is how it works, you are going to pay with bitcoins, with no more than 0.5% of fees over every transaction that you make.

Steam decided to take bitcoin out of there because of the fees, six dollars just for a single deposit was not worth it for their customers

Luis34

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Steam Stops Accepting Bitcoin Payments Citing Extreme Volatility

More Information here:
https://cointelegraph.com/news/steam-stops-accepting-bitcoin-payments-citing-extreme-volatility-fees

brott

newbie

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yes now the problem is the fee of its transacation, because the btc price is so high
and could be a purchased item is cheaper than the transaction fees are so high

Rubick99

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I think steam should change payment with another cryptocurrency, maybe change bitcoin with litecoin, bitcoincash, ethereum, etc

USScrypto

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I think its right decision for Steam, high fees will make very big trouble for bitcoin and this volatilty. I think for purcashe Tether will be right decision for companies also customers with fixed price.

SyGambler

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guess who's back

the same discussion was opened early today , check it out
https://bitcointalksearch.org/topic/news-steam-valve-stops-accepting-bitcoin-2539384

I hope that steam will add other alts , or even create their own alt cause I only care about funding the wallet no matter how

gift cards aren't available in my country , so now I have to find some sellers here in the forums who sell steam gift cards

SuperD007

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Treat People How You Would Like To Be Treated.

Wow, I have to admit I failed to consider the repercussions the drastic price increase would have on the actual usage.

Iranus

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Quote from: d5000 on December 07, 2017, 11:26:25 AM

So the next Gox is only a matter of time ...

Well, Bitfinex's trading volume has increased massively over the past week or so, and since they promised an audit which wasn't delivered and USDT has been created en masse over the last couple of weeks, it's perfectly possible that they are the next Gox.

BTC's adoption has largely been during bear markets or moderate bull markets (2014-2015).

The price increasing like this is doing nothing good for BTC's use, and if anything is impeding legitimate discussions (and yes, criticisms) of BTC.

d5000

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Unfortunately, Bitcoin has decided to be a simple speculative asset. A tool to get rich quick.

There will be more of these kinds of bad news (BitPay and similar services very likely are having a bad time, too) until we correct and deflate the speculative bubble - and everybody thinks that "Bitcoin is dead" again Wink

The world revolution has to wait a bit.

(And the saddest thing is that most of these get-rich-quick noobs do very likely not even own Bitcoins. They own a Bitcoin IOU on an exchange. So the next Gox is only a matter of time ...)

jtipt

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Steam was one of the biggest merchant that accepted bitcoin, now it has officially stopped supporting it because of high fees and high volatility.
You can read it here, http://steamcommunity.com/games/593110/announcements/detail/1464096684955433613

What is your thoughts on this, do you think steam should start accepting some other crypto maybe BCH or ETH?

Topic: Steam is no longer supporting BTC. - page 2. (Read 394 times)