The Bitcoin value bubble continues to make headlines; I tend to watch the speculation from the sidelines knowing that there are three things that noticeably drive investments; fear, anticipation, and the herd mentality. Bitcoin–as an investment–is incredibly risky in the traditional sense because there is no regulation, no central control, and the market is rife with volatility.
Yet, Bitcoin persists. A January 12, 2021 Business Insider (BI) article reminds that this cryptocurrency has managed to weather not one, not two, but THREE of what BI refers to as a “peak-to-trough drawdown” of more than “80% in less than 10 years”.
Are you looking for places to buy games using Bitcoin? Depending on when you started searching you might have some false starts–all the way back in 2017 the Steam platform ditched its support of cryptocurrency after having accepted it as payment. And that might discourage some (especially Steam loyalists who are also into Bitcoin) but there are other options to consider.
As always, what follows in this space should not be construed as financial advice, investment advice, or tax advice. This is for informational purposes only and invest in cryptocurrency at your own risk.
Where To Buy Games Using Bitcoin
So if a big and influential platform such as Steam won’t deal in cryptocurrency, who will? Third-party sites such as Green Man Gaming have in the past offered Bitcoin support for game purchases; other third party sites such as Bitrefill take a different approach. These sites don’t offer games for direct purchase but rather have (in the past) offered gift cards for the platform you want to play on. Steam doesn’t accept Bitcoin? Buy a Steam gift card through a third party using Bitcoin instead. Read More
Is Bitcoin experiencing a bubble? That is a stupid question in the minds of some, but consider the newcomer to the cryptocurrency market who may or may not even have basic trading experience; what are these people supposed to make of an investment opportunity that started 2020 in the $6k range according to a CoinDesk Bitcoin price tracker, and ends 2020 pushing into the $20K price range?
New To Investing?
Newcomers, if you aren’t familiar with the basics of investing, know that the combination of this massive increase in value combined with a lack of the sort of stability legal tender has by comparison and it’s clear that while some investors are likely going to make a killing, there is a definite risk of a market correction. And where “altcoins” are concerned? Their futures may look rosier with a Bitcoin price adjustment.
How to gift Bitcoin for Christmas? There are a few good rules of thumb for gifting any cryptocurrency (Bitcoin is obviously only one option), starting with one of the most obvious gift-giving hints applicable for ANY holiday gift of Christmas present–make sure the recipient actually WANTS your Bitcoin gift.
If you’re tempted to give cryptocurrency as a gift to someone who is barely computer literate, chances are good you’re wasting your time and money. You may as well buy them a Star Wars: The Mandalorian costume while you’re at it because chances are good it will have the same reaction. If it’s unwanted, your gift is a dud.
But for those who DO want or would be happy to receive cryptocurrency as a gift, here are some practical tips on how to do it.
Why did Bitcoin price drop by approximately $1k in December 2020? When I read the news on Yahoo!Finance, Coindesk, and other platforms, I found headlines announcing Bitcoin prices dropped “$1,000 In Worst Sell-Off in a Week” on December 8, 2020, and while traditional markets were comparatively stable, it wasn’t a good time for cryptocurrency in general; Ether and Litecoin are reported to have dropped as much as nine percent in one case over a 24-hour period and sources report that “all 17 free-floating cryptocurrencies besides bitcoin in the CoinDesk 20 have dropped between 6% and 12% in the past day.”