Bitcoin ATMs doubled every year since 2014 - page 4.

goaldigger

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Quote from: linzerdshaffen on February 13, 2019, 11:20:44 PM

According to some sources, Bitcoin ATMs are the rage thing now. They have doubled in number every year since 2015, and the trend has continued. There have been reports of even one of these being installed in Venezuela, and it seems that people is using them, even with the disastrous fees that they are collecting. what do you guys think of Bitcoin ATMs? are they a viable source of onboarding normal people into cryptocurrencies?
Source: https://www.btcnn.com/news/bitcoin-atms-have-doubled-for-the-past-four-years/

People are already noticing what bitcoin ATM can bring. Ots convinience is something we can look forward to. You can see that it doubled because people who are investing in bitcoin are multiplying to and the demand of that ATM is increasing. Its a good sign that crypto is still healthy.

Indamuck

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I read some sources that amoun tof bitcoin ATMs was lowered last year. Its difficult to get an accurate measure and the sources I read may have been wrong.

There are still not any Bitcoin ATMs located in my local area, there just seems to be better investments than ATM machines. Real investors can easily transfer money to an exchange themselves.

Artemis3

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Quote from: aoluain on February 14, 2019, 06:32:21 AM

That's a great statistic, as posted above it certainly introduces
now people to Bitcoin and Crypto, it also makes it accessable
and easier to purchase although im sure there is a premium.

I know if I had access to an ATM in my local town I would use it
every week after my wage landed.

Would anyone here use one if they got the chance?

No because doing the same with localbitcoins or some other exchange would be much cheaper (fees). Also my country's garbage fiat would fill the poor thing safe box before i could even manage to buy 0.01 BTC. 36 USD would need 216 banknotes of 500 VES, which are rare btw, more likely 5x that using 1080 banknotes of 100 VES. Next month is probably double that...

The irony is, the poorest the country's fiat is, the less useful an ATM becomes. Only those countries with a "strong" fiat money, where a single banknote can buy plenty of satoshis, an ATM makes sense. But in those countries there is little incentive to do so.

Just like electric cars where the gasoline costs nearly nothing.

kingcolex

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Quote from: Reid on February 14, 2019, 08:39:57 AM

It is the first step but on the end this should only be for deposit or buying bitcoin and not the other way around.

If we just keep on selling our bitcoin for fiat then what is the use of having a crypto currency?
It should just circulate online and not be used back to withdrawal into fiat.
That way we are just making the fiat system strong again instead of the crypro currencies being promoted more into online transactions.

I am against it but for now it could be one of the more good reasons to shed some light to people who do not have any clue about it.

Umm someone has to sell it for it to be exchanged. They have to get their supply some how, people trade Fiats to Fiats to I wouldn't expect people to ever stop buying and selling with fiat.

Reid

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It is the first step but on the end this should only be for deposit or buying bitcoin and not the other way around.

If we just keep on selling our bitcoin for fiat then what is the use of having a crypto currency?
It should just circulate online and not be used back to withdrawal into fiat.
That way we are just making the fiat system strong again instead of the crypro currencies being promoted more into online transactions.

I am against it but for now it could be one of the more good reasons to shed some light to people who do not have any clue about it.

eternalgloom

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While this is great news for the increased amount of exposure that Bitcoin's getting, I wonder how much volume those ATM's are getting combined.
I've tried searching for any sort of statistics regarding the trading volume of these ATMs and can't seem to find anything.

If anyone has any numbers on that, please do share.

sunsilk

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It only means that adoption is increasing, those fudsters should read this kind of news and tell us on where bitcoin or crypto is heading. Companies won't waste their budget for having this kind of operation through Bitcoin ATM's.

It is one good industry that has few in the competition and just like the ICO days, this industry is still on the early days. But few years from now, it will be crowded and competition will be tough for these companies.

aoluain

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That's a great statistic, as posted above it certainly introduces
now people to Bitcoin and Crypto, it also makes it accessable
and easier to purchase although im sure there is a premium.

I know if I had access to an ATM in my local town I would use it
every week after my wage landed.

Would anyone here use one if they got the chance?

1993jochico

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Activity: 364

Merit: 46

Quote from: linzerdshaffen on February 13, 2019, 11:20:44 PM

are they a viable source of onboarding normal people into cryptocurrencies?

There's a huge possibility that it will attract more people to get in to cryptocurrency especially if most of them heard many good news from bitcoin.

Most of the time I suggest my friend's to invest in cryptocurrency but they are too busy to listen on my explanations and didnt focus on me.

romero121

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On the whole the bitcoin atm into usage might have increased, but in some localities ATMs have taken back as it hasn't got increased usage and wouldn't yield an earning. The usage of bitcoin atm decreased because of the increased withdrawal fee compared to the transaction fee levied on an exchange for cashing out.

KingScorpio

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Quote from: linzerdshaffen on February 13, 2019, 11:20:44 PM

According to some sources, Bitcoin ATMs are the rage thing now. They have doubled in number every year since 2015, and the trend has continued. There have been reports of even one of these being installed in Venezuela, and it seems that people is using them, even with the disastrous fees that they are collecting. what do you guys think of Bitcoin ATMs? are they a viable source of onboarding normal people into cryptocurrencies?
Source: https://www.btcnn.com/news/bitcoin-atms-have-doubled-for-the-past-four-years/

cryptoatms are being installed by they are not exclusive Bitcoin ATMs Anymore, they are more and more flexible ATMs

regards

linzerdshaffen

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According to some sources, Bitcoin ATMs are the rage thing now. They have doubled in number every year since 2015, and the trend has continued. There have been reports of even one of these being installed in Venezuela, and it seems that people is using them, even with the disastrous fees that they are collecting. what do you guys think of Bitcoin ATMs? are they a viable source of onboarding normal people into cryptocurrencies?
Source: https://www.btcnn.com/news/bitcoin-atms-have-doubled-for-the-past-four-years/

Topic: Bitcoin ATMs doubled every year since 2014 - page 4. (Read 3502 times)