Bitcoin has made me do my research, has made me more passionate in doing so, & has also helped me to stay ahead of the curve. I can go on and on, but I realized that I haven't really posted in a little while, and so I wanted to see what all of your thoughts are towards this.
Have a great rest of your Sunday everyone
Cheers,
TREAD
firstly, out of interest
Bitcoin for me has opened up an incredible amount of business opportunities since I service many of the Bitcoin ATM operators though a telecom company and provide internet services (at least up until recently & its not to a complete halt but there is less demand since the drop) .
as a boots-on-the-ground bitcoin operator. you have experience of seeing the whims of sentiment of many people.
is your ATM just a bitcoin exit (btc->fiat only) or is it a two way ATM (fiat->btc->fiat)
i understand when price goes down everyone goes into hard mode instead of sell mode. but if your ATMS are two way, have you seen any increase in fiat->btc "buys"
dont worry about answering if its just a btc exiter atm system
..
anyways
ive been into bitcoin over 10 years.
in the good old days bitcoin was fun open and free. those days were before it was mainstream deemed as currency so was free from regulations of money laws. thus it allowed alot more freedom and openness to try new things.
in recent years the money elitists have snared their grubby paws on the edges of crypto and changed it, although made it more popular, they also brought with that the regulations that caged bitcoin at the edges(money service businesses)
i personally enjoy having my wealth secured in a sort of 'off shore' system but without the need of middle men bank mangers or lawyers needing to organise my wealth. i can just set up an address and hey, presto. its secure.
i can spend it, i can pass it on to relatives without needing to concern self with taxes, inheritance laws. because while still in crypto no one needs to know anything about who owns what, bitcoin transactions never asks for identity info(ill worry about taxes whe its time to retire in a few decades)
over the years i have seen, helped, and aided many people do many things. and also seen the shady more malicious greedy side of certain people.
but in any community there is good and bad. and bitcoin is better fiat
there are indeed many business opportunities where people can set up a business without the headaches of fiat pains.. EG in fiat you need a business plan just to qualify to open a business account, which also requires a tax office registration, and a business headquarter address just to register a business before you can even get started running.(headache)
where as you can buy and sell products/services in btc and keep value in btc. and then if and when you want to go go through the fiat pains, your already one step ahead and getting the fiat stuff registered then becomes easier and affordable as you have value coming in to cover those costs. thus bitcoin is great for startups to actually start up