Price increase because of steam ?

[OmegaStarScream]

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.

[spazzdla]

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.

[sishendaoye]

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.

[LarryHocks]

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.

[mskryxz]

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

[zimmah]

steam has little to do with it

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

[1Referee]

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.

[bigfryguy]

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

[talks_cheep]

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.

[pooya87]

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, ...

[Pitchblackroom]

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.

[btcltccoins]

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.

[arseaboy]

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.

[Amph]

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...

[airezx20]

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..

[spazzdla]

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

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

[thejaytiesto]

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.

[The Arcitect]

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

[Red-Apple]

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.

[dothebeats]

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.