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2) I'm not discovering as many new games that interest me as I use to. The sales lose their impact when you have a smaller selection you want deals on.
3) Newer games don't get discounted as much. So it's either get them when any discount is on them or wait for until they are less new and get a better deal. The sales lose their impact when all the games you don't have yet get less of a discount.
Frankly I've never been too sure that it was a good idea to discount that deeply as was the norm back then. It did in fact devalue games for me and maybe it shouldn't. I.e., Steam I don't really care about, but if I were a small indie developer I'm not so sure I'd appreciate seeing the game I poured sweat and tears into for a few years go for literal pennies into voids of never played bit-collections -- probably even IF it'd end up making me more money overall.
Anycase. Be that as it may, yes, sales are not as overall deep anymore as back in 2014/2015.
The Crypto and AI (aka stolen info/assets) "boom" also made things more expensive, both for devs and gamers alike.
Plus also being older, more jaded, etc.
I own about 1/4 of what you own (which is still a lot) and I'm fine.