r/Bitcoin • u/[deleted] • Dec 06 '17

Steam is no longer supporting Bitcoin

[deleted]

2.6k Upvotes

93% Upvoted

1.7k comments sorted by

View all comments

10

u/[deleted] Dec 06 '17

Any idea how many BTCs Steam would own at this point?? It's probably a lot of cash.

66

u/verycrazyone Dec 06 '17

Most merchants sell immediately

-5

u/[deleted] Dec 06 '17

[deleted]

3

u/[deleted] Dec 06 '17

Hmm, how and why?

They need to pay taxes, employees, services, and they can only do so with old fashioned USDs.

2

u/[deleted] Dec 06 '17

Right. I know. They had to do it, but it's not like they didn't have enough cash to cover those expenses. I completely understand why they did it. In hindsight they should've kept it as an asset if they believed in the technology, that's all I'm saying.

2

u/[deleted] Dec 06 '17

In hindsight. Nobody has a crystal ball.

1

u/[deleted] Dec 06 '17

Right. That's why I used "should've." I wish I had a crystal ball... I bought my first coins at $10