Bitcoin ATMs normalizing Cryptocurrency - page 2.

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Quote from: DreamStage on January 03, 2020, 04:09:10 AM

The number of active Bitcoin ATMs around the world grew by an impressive 56 percent over the last 12 months. Although the spread of the real-world Bitcoin trading locations doesn’t necessarily suggest increased rates of adoption, it will help to further normalize Bitcoin in the eyes of the public.

There are now 6,387 Bitcoin ATMs around the world. This time last year, according to figures taken from CoinATMRadar, the number was just 4,102.

Full Source here

Such good movement so that more people joins Bitcoin market and potential investors enters the trend.

This is probabily a good way for advertising Bitcoin and say to people it's the most important cryptocurrency coin and it's going to become even bigger in the future.

It's something happening right now people, join the Hype Train Wink

What more positive signs you think this brings to our Community and your friends, family members?

although if we look at the current bitcoin ATM continues to grow rapidly in every country, but I don't think that this is a sign that mass adopters will arrive soon because the bitcoin ATM machine still has many shortcomings to be used by the crypto community, such as higher payment fees when compared to using the web exchange market and problems with the availability of cash from this machine, there is no refund for every transaction we make.

leea-1334

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I do not know how true this is. I saw a lot of Bitcoin stickers for a long time now and the public still normalizes it as a scam or pyramid scheme just because of the way those stickers were put up. And now with ATMs, they get installed, collect dust and nobody uses them it could be a bad impression.

Maybe that is not the case in USA but here Bitcoin ATMs still do not have a good reception.

X-ray

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Quote from: Blitzboy on January 04, 2020, 08:35:23 AM

In my country, there have been several bitcoin ATMs, but recently, when the law changed, Bitcoin was banned in commercial transactions, they were removed. I really regret it. If Bitcoin had not had an outbreak 2 years ago, I think they would not be banned

it's usually the government that hinder the growth of technology because of fear their economic being torn apart by "alien" entity like crypto although in rather developed countries they are more welcoming to a new technology because most of them have education and the government ups have bigger brain.

smyslov

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Quote from: DreamStage on January 03, 2020, 04:09:10 AM

The number of active Bitcoin ATMs around the world grew by an impressive 56 percent over the last 12 months. Although the spread of the real-world Bitcoin trading locations doesn’t necessarily suggest increased rates of adoption, it will help to further normalize Bitcoin in the eyes of the public.

There are now 6,387 Bitcoin ATMs around the world. This time last year, according to figures taken from CoinATMRadar, the number was just 4,102.

Full Source here

Such good movement so that more people joins Bitcoin market and potential investors enters the trend.

This is probabily a good way for advertising Bitcoin and say to people it's the most important cryptocurrency coin and it's going to become even bigger in the future.

It's something happening right now people, join the Hype Train Wink

What more positive signs you think this brings to our Community and your friends, family members?

That's a good sign actually, people still think that Bitcoin is a Ponzi scheme, when it's not and the presence of the ATM will have them think otherwise, I believe it's part of the adoption, and an important part of adoption, we expect that the number of ATM double within a three year period, by then the coming halving will now have an effect in the industry.

Blitzboy

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In my country, there have been several bitcoin ATMs, but recently, when the law changed, Bitcoin was banned in commercial transactions, they were removed. I really regret it. If Bitcoin had not had an outbreak 2 years ago, I think they would not be banned

Asmonist

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Definitely it indicates a good feedback for bitcoin. It signifies that bitcoin is slowly being accesible and acceptable to everyone. Its really a good sign that it will be going out more soon. We know that if there are bitcoin ATM we can access our crypto funds on the most nearest atm we can get.

pushups44

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Quote from: SummerBliss on January 04, 2020, 04:50:07 AM

I agree to the point that it won't increase the adoption but could help in normalizing it among the public.
People are not using cryptos as a payment option. The utility factor has not been explored that much. Cryptos are more being preferred as the alternative investment option and for that these ATMs are of little or no use.
The increase in the number of btc ATM is indeed a good sign but it won't change much.

The exponential rise in bitcoin ATMs won't change much? I don't understand. The growth of bitcoin ATMs is a sign of increasing usage, even if people are hoarding it. It just seems like basic finance to me that by increasing access to financial tools, you thereby increase their actual usage.

I agree that we have a long way to go before bitcoin goes mainstream, but this is a sign of growing interest and usage. Arguably, we are in the early stages of a financial revolution.

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Quote from: DreamStage on January 03, 2020, 04:09:10 AM

This is probably a good way for advertising Bitcoin and say to people it's the most important cryptocurrency coin and it's going to become even bigger in the future. It's something happening right now people, join the Hype Train Wink

What more positive signs you think this brings to our Community and your friends, family members?

Certainly, Bitcoin ATMs all around the world is not just a machine where people can be converting their Bitcoin into cash but also a good way to spread more consciousness on this top cryptocurrency. In our modern world, brand visibility is always a very important equation in marketing. Since Bitcoin has no special department handling branding and marketing of its name, maybe these ATMs can do the job. However, more than these ATMs, what we also need are more merchants accepting Bitcoin into their daily business and equally more and more people using Bitcoin for daily transactions.

SummerBliss

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I agree to the point that it won't increase the adoption but could help in normalizing it among the public.
People are not using cryptos as a payment option. The utility factor has not been explored that much. Cryptos are more being preferred as the alternative investment option and for that these ATMs are of little or no use.
The increase in the number of btc ATM is indeed a good sign but it won't change much.

sovie

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Quote from: aoluain on January 04, 2020, 02:42:03 AM

Yes the oresence of Bitcoin ATM's can help normalise Crypto particularly Crypto.

Its exposure along with the introduction of Bitcoin wallets pre installed on new
mobile devices which let people know its ok, normal and not a negative thing
to own or play with Bitcoin.

https://www.google.com/amp/s/www.theverge.com/platform/amp/2019/2/25/18233131/samsung-galaxy-s10-bitcoin-cryptocurrency-wallet-features

While the transaction rates are quite high by using the ATM's im not sure how
much usage they get but they can offer a certain level of anonymity.

They have high fees that's why they are not preferred. Secondly these ATMs have cameras and finger print system installed so visiting these ATMs will be like giving your ID to atm operator.

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They will be useful only then they will have normal fees

aoluain

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Yes the oresence of Bitcoin ATM's can help normalise Crypto particularly Crypto.

Its exposure along with the introduction of Bitcoin wallets pre installed on new
mobile devices which let people know its ok, normal and not a negative thing
to own or play with Bitcoin.

https://www.google.com/amp/s/www.theverge.com/platform/amp/2019/2/25/18233131/samsung-galaxy-s10-bitcoin-cryptocurrency-wallet-features

While the transaction rates are quite high by using the ATM's im not sure how
much usage they get but they can offer a certain level of anonymity.

pushups44

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Yes, I think the growth of bitcoin ATMs is a sign of healthy adoption of the cryptocurrency, so we should monitor it from time to time. ATMs can only grow in number with an increase in actual demand. Also, as the number of ATMs grows, perceptions regarding the liquidity and legitimacy of bitcoin improve. Another healthy sign for bitcoin is that we are seeing its increased use and integration among mainstream financial institutions and investors.

Here is another useful source on the growth of bitcoin ATMs:

https://cointelegraph.com/news/bitcoin-atms-worldwide-hit-new-milestone-surpassing-6-000

DreamStage

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The number of active Bitcoin ATMs around the world grew by an impressive 56 percent over the last 12 months. Although the spread of the real-world Bitcoin trading locations doesn’t necessarily suggest increased rates of adoption, it will help to further normalize Bitcoin in the eyes of the public.

There are now 6,387 Bitcoin ATMs around the world. This time last year, according to figures taken from CoinATMRadar, the number was just 4,102.

Full Source here

Such good movement so that more people joins Bitcoin market and potential investors enters the trend.

This is probabily a good way for advertising Bitcoin and say to people it's the most important cryptocurrency coin and it's going to become even bigger in the future.

It's something happening right now people, join the Hype Train Wink

What more positive signs you think this brings to our Community and your friends, family members?

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