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Topic: Bitcoin ATM's are popping up - page 4. (Read 1126 times)

member
Activity: 153
Merit: 11
February 04, 2019, 10:53:57 AM
#72
There are 4 bitcoin atms that launched in our city last year, many more people in my community are becoming interested to bitcoin and that's why they are using bitcoin atm to acquire bitcoins. Users say it is safer to use than to buy online because you can ensure that your money is safe and secured by using bitcoin atm.

What city? And where are they putting them, are they in commercial areas that can be easily accessed by a lot of people?
member
Activity: 616
Merit: 30
February 04, 2019, 08:00:22 AM
#71
Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
Bitcoin ATM spreads all over the world,here in the Philippines there are two active bitcoin atm machines installed in the heart of big cities so no wonder in new York where the lifestyle circling with gamblers and casinos so machines must be there
There are 4 bitcoin atms that launched in our city last year, many more people in my community are becoming interested to bitcoin and that's why they are using bitcoin atm to acquire bitcoins. Users say it is safer to use than to buy online because you can ensure that your money is safe and secured by using bitcoin atm.
Where is this city?seems like thats alot of machines to he put in single city,your place i guess is one good place for cryptonians specially bitcoiner
full member
Activity: 658
Merit: 103
February 04, 2019, 07:42:29 AM
#70
There are 4 bitcoin atms that launched in our city last year, many more people in my community are becoming interested to bitcoin and that's why they are using bitcoin atm to acquire bitcoins. Users say it is safer to use than to buy online because you can ensure that your money is safe and secured by using bitcoin atm.
hero member
Activity: 1148
Merit: 504
February 04, 2019, 07:28:53 AM
#69
Now these topics are very relevant. I have already met a lot of posts on the forum, which said that in some place open or already working bitcoin ATMs. I am very pleased, because it is really convenient and, importantly, also reinforces the interest in crypto in other people. After all, we are aimed at expanding our cryptocommunity.
It might be convenient but you must be sure that it is place on the right and safe place or else your money will be taken away by a greedy people. Good to see more bitcoin machines, this is a step closer for a great adoption of every government and of course the ordinary people
For developed countries like United States, the development of bitcoin ATM will be very fertile, because there are many developers there, technology is also growing rapidly in that country, the number of bitcoin ATMs is directly proportional to the country's technological development, it would be a good idea if the developer invades several small countries, to make a bitcoin ATM in every major city in the world, it will accelerate adoption of course and make convenient to use bitcoin
hero member
Activity: 1316
Merit: 379
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February 04, 2019, 05:32:49 AM
#68
Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
Never mind the dip in the market, underground mass adoption is ongoing. It is not only in Las Vegas that Bitcoin ATM is springing up. Japan leads the way when it comes to Bitcoin ATM.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
February 04, 2019, 05:26:19 AM
#67
It is important to notice that more countries have kept them engaged into the process of regulating cryptocurrencies. This is a good news for bitcoin. Along with the same CBOE have once again got into the ETF approval submission. These factors indicate the growth of cryptocurrency all around the world. When the growth progress automatically, more ATMs gets popping up supporting the community.

It is really good news because the more people see those ATM's and the "We accept Bitcoin" sticker with merchants the more real it will start to look for the goal that is mass adoption one day.

I mean, even in Venezuela they are planning to start with one soon. So you can imagine how big this will be.

Exactly, it will really helpful in increasing the demand for bitcoins. When people will see Bitcoin ATM they will ask more about bitcoins and many people after getting knowledge of bitcoins will be interested to buy the bitcoins. This will increase the popularity of bitcoins and this will bring a massive new investments in bitcoins.
full member
Activity: 714
Merit: 114
February 03, 2019, 05:20:35 PM
#66
I honestly though that these Bitcoin ATM's wouldn't live very long and that they wouldn't be half as popular. I doubted that anyone would use them since it isn't profitable to anyone except the person who owns the ATM.

Quote
I honestly though that these Bitcoin ATM's wouldn't live very long and that they wouldn't be half as popular

Huh ? How can you say that things ? bitcoin thesedays are now kinda bit popular . almost  all of us do owns it   and  every btc hodler are always looking for bitcoin atm's to try if they can really withdrew and deposit btc using those machines .  this may not really popular to you but soon as other recognize it , they will also follow the trend  .

Quote
I doubted that anyone would use them since it isn't profitable to anyone except the person who owns the ATM

bitcoin is still profitable and will always be .  the market may be down these times but this isnt forever .  soon the price can rise and it can attract again investors  .
hero member
Activity: 1042
Merit: 538
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February 03, 2019, 12:25:16 PM
#65
I honestly though that these Bitcoin ATM's wouldn't live very long and that they wouldn't be half as popular. I doubted that anyone would use them since it isn't profitable to anyone except the person who owns the ATM. Surprisingly, the ATM's are adopted very largely, they are present even in the poorer countries and even in big cities of the world. It contributes great to the whole Bitcoin community.
hero member
Activity: 1078
Merit: 501
February 03, 2019, 11:46:08 AM
#64
Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
We have here in our country a bank that can encash or automatically converted our bitcoin into fiat, we can instantly withdraw our bitcoin through that ATM machine with that bank after we transact in online for encashment. It is only one bank that has a cardless transaction, but if we have an account to other banks we can also transfer our bitcoin to our account and will also automatically converted into fiat.
jr. member
Activity: 196
Merit: 1
February 03, 2019, 10:43:09 AM
#63
Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=

Opening ATM machines is great and it can be very useful if implemented properly because when placing an ATM machine to do bitcoin transactions such companies should consider many things such as the type of people live in that area, There knowledge about technology, average age (because younger generation is attracted to digital currencies that older people), Government view regarding bitcoin and many more and if implement bitcoin ATM project by considering such facts I think the effective rate is much higher
full member
Activity: 2128
Merit: 180
February 02, 2019, 06:58:26 PM
#62
Now these topics are very relevant. I have already met a lot of posts on the forum, which said that in some place open or already working bitcoin ATMs. I am very pleased, because it is really convenient and, importantly, also reinforces the interest in crypto in other people. After all, we are aimed at expanding our cryptocommunity.
It might be convenient but you must be sure that it is place on the right and safe place or else your money will be taken away by a greedy people. Good to see more bitcoin machines, this is a step closer for a great adoption of every government and of course the ordinary people
member
Activity: 596
Merit: 10
February 02, 2019, 04:54:07 PM
#61
Now these topics are very relevant. I have already met a lot of posts on the forum, which said that in some place open or already working bitcoin ATMs. I am very pleased, because it is really convenient and, importantly, also reinforces the interest in crypto in other people. After all, we are aimed at expanding our cryptocommunity.
member
Activity: 434
Merit: 38
February 02, 2019, 03:35:49 PM
#60
It is important to notice that more countries have kept them engaged into the process of regulating cryptocurrencies. This is a good news for bitcoin. Along with the same CBOE have once again got into the ETF approval submission. These factors indicate the growth of cryptocurrency all around the world. When the growth progress automatically, more ATMs gets popping up supporting the community.

It is really good news because the more people see those ATM's and the "We accept Bitcoin" sticker with merchants the more real it will start to look for the goal that is mass adoption one day.

I mean, even in Venezuela they are planning to start with one soon. So you can imagine how big this will be.

These are all signs that, despite the bearish market that we have been experiencing for over a year, the cryptocurrency industry is continuing and developing.

Sooner or later the prices of the main cryptos will begin to rise again ...
full member
Activity: 618
Merit: 100
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February 02, 2019, 03:34:57 PM
#59
Actually, that's not new at all. There are already a lot of Bitcoin ATM's are in place but anyway, this is still a piece good of news for everyone, gamblers and traders alike. Imagine having Bitcoin as a legal currency around the world, that would be awesome.
- Well, exactly as you say, this is not a new thing because some countries have allowed Bitcoin ATM to appear, that seems to be a sign of support for bitcoin users, helping bitcoin penetrate deeper into the lives of many people, this is really great. However, I can see the number of people using bitcoin ATM is quite small because people who hold bitcoins mostly use cash for everyday life, even for gambling, cash is still the top priority, rarely use bitcoin, BItcoin ATM is probably not as effective as expected
This can also be considered as a way to promote Bitcoin to everyone so that more people know it at present. People are always curious about new things, and they will learn it when they are curious about it. This can consider as a special way of promoting Bitcoin to get closer to other users.
full member
Activity: 574
Merit: 102
February 02, 2019, 09:54:19 AM
#58
Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
At the moment there are about 30 different types of crypto banking. The most popular species that cover almost 90% of the world:

Genesis1 machine by Genesis Coin
Satoshi1 or Satoshi2 machine by Genesis Coin
Lamassu
General Bytes BATMTwo (one-way)
General Bytes BATMThree (two-way)
BitAccess
Skyhook
Robocoin
member
Activity: 322
Merit: 20
Donating 10% to charity
February 02, 2019, 09:44:47 AM
#57
It is important to notice that more countries have kept them engaged into the process of regulating cryptocurrencies. This is a good news for bitcoin. Along with the same CBOE have once again got into the ETF approval submission. These factors indicate the growth of cryptocurrency all around the world. When the growth progress automatically, more ATMs gets popping up supporting the community.

It is really good news because the more people see those ATM's and the "We accept Bitcoin" sticker with merchants the more real it will start to look for the goal that is mass adoption one day.

I mean, even in Venezuela they are planning to start with one soon. So you can imagine how big this will be.
hero member
Activity: 1302
Merit: 503
February 02, 2019, 09:42:13 AM
#56
Actually, that's not new at all. There are already a lot of Bitcoin ATM's are in place but anyway, this is still a piece good of news for everyone, gamblers and traders alike. Imagine having Bitcoin as a legal currency around the world, that would be awesome.
- Well, exactly as you say, this is not a new thing because some countries have allowed Bitcoin ATM to appear, that seems to be a sign of support for bitcoin users, helping bitcoin penetrate deeper into the lives of many people, this is really great. However, I can see the number of people using bitcoin ATM is quite small because people who hold bitcoins mostly use cash for everyday life, even for gambling, cash is still the top priority, rarely use bitcoin, BItcoin ATM is probably not as effective as expected
jr. member
Activity: 205
Merit: 1
February 02, 2019, 08:55:05 AM
#55
As a start this is a great project and because the community is still growing and placing machines in attractive and well known places like Las Vegas are much better to make a big difference. This will show the world that Bitcoin is usable in every where without any barriers and this can collect more cash flow into Bitcoin from local communities because with this more people will start to use Bitcoin so more will have to purchase it and eventually Bitcoin demand will rise
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
February 02, 2019, 08:41:02 AM
#54
Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=

Opening Bitcoin ATM's worldwide is a great concept to make Bitcoin more closer to people and to make Bitcoin more usable to anyone in the world easily. and in the future we would see many like in Las Vegas including developing and non developed countries spread in every city in most countries and hope this is just the start and keep increasing around the world


One of the benefit of Bitcoin ATM is that with this people will become aware of bitcoins. Since Bitcoin ATM will be placed in a public place and those who do not know about bitcoin will try to figure out what is this and this will increase the usability and awareness of bitcoins and many new people will come and invest in bitcoins.
This bear market needs new money and we need to think of steps like these to make people aware and invest in bitcoins.
legendary
Activity: 3010
Merit: 3724
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February 02, 2019, 04:06:29 AM
#53
Even though in our country the government has not legalized Bitcoin but there are about 3 places available for Bitcoin ATM machines. The location is in Bali Indonesia. But the ATM machine only provides Purchase only.

Ah, but Bali's more tourist than locals... and makes me wonder why it's only for purchase. This day and age 2-way atms are the way to go. Real strange though, I'd be interested to know what kind of volumes it does. Bali accepts dollars and euros as easily as they do rupiah, least that was true on my last visit 10 years ago. Any BTC accepting merchs there?

Malaysia had at least 2 ATMs installed years ago. Hip and trendy places too (just outside Kuala Lumpur in those so-called satellite cities, Bangsar being one). They just fell into disrepair.

Was as high as 5 ATMs daily globally, now barely 4. Still a lot I guess. I still don't see how people would ever buy/sell with such high rates. I suppose the high limits before KYC triggers is still some incentive for anonymity. But then you gotta deposit that cash anyway and where I live, depositing cash makes the bank very suspicious. Fact, my bank's even started to charge from this month for cash depos.
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