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 ...)

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

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.

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

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.


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

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

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.

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 

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.

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.