Steam is no longer supporting BTC.

[jtipt]

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?

[d5000]

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

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 ...)

[Iranus]

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.

[SuperD007]

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

[SyGambler]

the same discussion was opened early today , check it out
https://bitcointalk.org/index.php?topic=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

[USScrypto]

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.

[Rubick99]

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

[brott]

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

[Luis34]

Steam Stops Accepting Bitcoin Payments Citing Extreme Volatility

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

[shursight]

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.

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

[gjtnwls1]

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.

[CryptoTamer]

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

[blozo]

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  )

[JohnHero]

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.

[Mike Mayor]

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

It is reasonable to a point where is the fees are so high you forced to buy quite a few games but they should plan something to take it over like bch or bcg or eth or something. Taking crypto currency off completely is just ridiculous. I really needed btc because I use to use btc to buy games now I'm not sure what I'm going to do. These fees are crazy high I don't think bitcoin was meant to be worth this much.  Sure hope bitpay doesn't do the same thing.

[crustez00]

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

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 ...)

Yeah kinda agree with your opinion that bitcoin slowly changed/ already changed became quick tool that could make you rich through its coin pump and dump phase. Kinda sad to hear that kind of sad news 

[angaper]

Although this is not the best news, I think we are all aware that bitcoin has ceased to be a viable option to cover our daily expenses and today is only a useful tool as a store of value. That's not all bad, because there are many other altcoins that can perfectly be useful to buy cigarettes or burgers.

Fortunately the news clarifies that the company does not close the door to bitcoin, but that in the near future it could reconsider the possibility of accepting it again. A good decision in these moments of great volatility.

[Tszunami98]

Well, it is understandable given the actual situation. I personally struggle with this high transaction fees and volatility...basically i am forced to be a hodler
Steem has gained some power in the last period and could soon atempt to pass the all time high. I think everything will come to normal after the water clears a little bit.

[rudox]

The high cost of transfer fees and delay in confirmation is one of the reason that the fork of 16 December 2017 is eminent. After the exercise the fees will drop and confirmation will be comes faster.   

[TTITA]

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?

This is news from the right source. Sadly, I like steam to play games and also have been using bitcoin to do some purchase transaction items there. Steam must have serious consideration. Steam has become one of large merchant who receives bitcoin as his payment ways. Hopefully this step is not followed by other merchants, since price bitcoins was raising so fast, causing huge costs for each transaction this could be worse exactly.