Topic: Can more ATM's increase adoption for Bitcoin? - page 8. (Read 2097 times)
Without bitcoin being accepted in stores and perhaps offers on bitcoin buy's it wouldn't do that much of a difference, unless ofcourse it attracts people.
Personally, I would use an ATM only in the case of withdrawal of bitcoin in fiat.I can buy bitcoin without leaving home.
I have never used a Bitcoin ATM to buy coins. I know there is a more inflated BTC price than on the exchange. However, for regions like Venezuela, Argentina, Africa, this is a necessary way to buy BTC.
An ATM is useless here, and as i found online, the only one exists in a border city, perhaps using foreign currency. My country leading Localbitcoin transactions isn't a coincidence, even their commission fee is a bit too high for daily use (ie. under 1 USD purchases), but the typical rates used by ATMs are unacceptable.
AND, it is physically unfeasible, as a single transaction would either empty or fill the ATM's safebox. Banknotes become paperweight in hyperinflation and you'd need a box of those to buy a simple thing, not even purchasing an appliance but perhaps a meal in a restaurant, or drinks in a bar...
Yes, i like how they project the BTC logo to the masses, but perhaps a sign would be cheaper and more effective (ie. with the shop qrcode of the owner's Bitcoin address).
Or they could do more sponsoring sports team thing.
Better payment options and services is still needed if bitcoin is going to see better adoption rate, more ATM machines won't make a difference, i believe that if bitcoin can get into paypal business them it will be better but with time we will see how far bitcoin can go
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
In the 2019 nobody is using cash. More merchants thats agree to work with crypto or more visa/mc crypto cards will help with mass adoption
Sure.will be great to have double way bitcoin ATM.There is very few of them in my country
But people are not using them much because cameras are registering his faces and transactions
So it is not so much anonymous that way
But people are not using them much because cameras are registering his faces and transactions
So it is not so much anonymous that way
I don't think these kind of idea is making sense since the bitcoin is volatile there will be more or less of fee every time the price of bitcoin moves. And it's hard for banks to regulate this kind of cryptocurrency where speculation is the core therefore the price isn't controlled unless there will be some policy that limits the bitcoin transaction per day. Hence for me this wasn't a good idea.
ATM for bitcoin was only applicable to those Bitcoin fanatic or enthusiast, the people might get curious only if they find out that someone is withdrawing money through bitcoin using their atm account I guess. But it cannot help to increase the mass adoption for bitcoin, it can't give any help at all in the end.
It will help as we are showing to the public about bitcoin ATM, that will create awareness for them.
In our country, bitcoin ATM is only limited in numbers but I'm hoping it will increase in the long run, also, we have our local exchange that has a lot of bank partners so we can easily convert our BTC to fiat and withdraw it in any fiat ATM.
I think this bitcoin ATM would be more helpful to those travelers from different countries.
In our country, bitcoin ATM is only limited in numbers but I'm hoping it will increase in the long run, also, we have our local exchange that has a lot of bank partners so we can easily convert our BTC to fiat and withdraw it in any fiat ATM.
I think this bitcoin ATM would be more helpful to those travelers from different countries.
Randomly offering a bitcoin ATM is a bad idea. It has to start with a country-wide (if possible) announcement, preferably "the government". Not all citizens of a certain country are familiar with Bitcoin or the Blockchain itself. So, informing the citizens is going to be the most important step in order for a country to fully realize and utilize this unfamiliar platform.
But at the current situation right now, I think this seems to be impossible to certain countries. They're more focused on growing their own economy rather than adopting another form of transaction to play in their economy.
I have bitcoin only in investment qualities and I am holder so bitcoin ATM would not be my priority. However it will help the growth of bitcoin very much when people find it easy to use bitcoin ATM at a very close location
Bitcoin ATMs were primarily made for bitcoin users, to make it easier and convenient for them to make transactions and not for increasing the adoption of bitcoin. The appearance are just like the traditional one so some people might not notice their difference. But I'm not erasing the fact that it can help in adoption. It would be better to place it somewhere a lot of people can see.
I will never buy bitcoin at the ATM machine because I can always get it cheaper in Peer-Peer exchanges and save cost. It should be reserved for them that don't know their way around other means of buying and selling bitcoin with fiat. Bitcoin ATM will enhance inclusive participation in bitcoin investment by the public, because of ease of conversion.
Let's just look at the convenience of an ATM to our lives? In just one tap you can then claim money and with ease, it can slightly just help increase the price of bitcoin on one point but it, in my opinion, it can decrease the price as well, In my opinion it can be a two-edged sword, we can say that it will depend on the situation and the needs of people, If the curiosity strikes people then a critic can turn to an enthusiast when seeing ATM's like these and it can at one point decrease the price because it is convenient, And now newbie would think of Bitcoin and other cryptocurrencies as just fiat money and might always try to get money on the Bitcoin ATM, then Bitcoin ATM's would instantly convert Bitcoin to fiat then a dump has been made imagine many people would do this and in a holiday season.
I will never buy bitcoin at the ATM machine because I can always get it cheaper in Peer-Peer exchanges and save cost. It should be reserved for them that don't know their way around other means of buying and selling bitcoin with fiat. Bitcoin ATM will enhance inclusive participation in bitcoin investment by the public, because of ease of conversion.
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
For me, yes more ATM's will and can increase adoption for bitcoin. When some ppl see this kind of ATM, they will be curious what this ATM will do so that they will research about bitcoin and some basics stuff about bitcoin. Curiosity will push them to know what is a cryptocurrency, and there was a probability that they will become a user of bitcoin.
It will help as we are showing to the public about bitcoin ATM, that will create awareness for them.
In our country, bitcoin ATM is only limited in numbers but I'm hoping it will increase in the long run, also, we have our local exchange that has a lot of bank partners so we can easily convert our BTC to fiat and withdraw it in any fiat ATM.
I think this bitcoin ATM would be more helpful to those travelers from different countries.
In our country, bitcoin ATM is only limited in numbers but I'm hoping it will increase in the long run, also, we have our local exchange that has a lot of bank partners so we can easily convert our BTC to fiat and withdraw it in any fiat ATM.
I think this bitcoin ATM would be more helpful to those travelers from different countries.
I think that more BTC ATM's could increase the adoption, due to the simple presence. If people see a BTC ATM they get automatically in contact with BTC. They don't have to buy BTC now, but they will wonder about what it is and do maybe some research and it's an easy way to buy BTC for beginners. Furthermore, it's similar to fiat ATM's and people are used to use fiat ATM's. The new, unusual thing "BTC" combined with something usual could decrease the fear of buying BTC which beginners often have.
Can more ATM's increase adoption for Bitcoin?
Of course not, adoption bitcoin relating to the legalization of bitcoin. ATM's Bitcoin is the result of adopting bitcoinWe know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
Once again i said no. In my country ATM Bitcoin very far. because of this I have never buy Bitcoin (even used) in Bitcoin ATM 
For sure it will be helpful for the people to identify what is bitcoin but it is not the most convenient way to buy bitcoin when you are in need of huge amount of bitcoin or having fiat of other country.
Not a convenient and safest way to buy bitcoin but it is still a good way to discover bitcoin. If there’s a lot of ATM on a safe place and treated legally by the government or any individuals for sure it can affect the adoption and the market can rise again. In my place, ATM’s are growing and many banks shows their support for cryptocurrency. 
[im g]https://i.ibb.co/WBgt52n/bitcoin-atm-vietnam.jpg[/img]
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
All those ATM will be useless if we don’t have people to use them, and the way it can get people to use them is through adoption which I don’t think the installation of this machine will have any big impact on cryptocurrency adoption, the only way that I see it having little effect is just to retain the present adopters, because for any bitcoin ATM to have been installed in a location, it is sending signal already that there is an approval for it and whatever have gotten an approval from authority, surely must have been of interest to them, which this is enough to hold that the government of that particular country or state where bitcoin ATM is being installed is supportive of bitcoin, but when it comes to adoption, I don’t really think that the creation of this machine is enough o create awareness for adoption. We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
Jump to: