Topic: How does bitcoin ATM going to affect bitcoin? (Read 1497 times)
If there's more bitcoin ATM around us, it will be increase awareness and popularity of bitcoin. People who don't know about bitcoin yet will might curious with the ATM and looking what it's use for. Therefore, they will know what bitcoin is, and perhaps they'll interested to use bitcoin.
I think it could only be a good thing to have more bitcoin atm's around, more visibility for bitcoin will get more people talking about it.
People will soon realise that there are cheaper ways to get coins but at least it will get them talking.
People will soon realise that there are cheaper ways to get coins but at least it will get them talking.
Atms can't help or affect too much, their primary objective is to make things simple and easier to use. It can attract people, when they see bitcoin atms on every corner they will have positive opinion about it, they will see how easy can be to use bitcoins.
Atm is just a simple machine that is connected, I didn't investigate who is behind this bitcoin atm machines, that company will affect bitcoin, atms are probably just one of things they do.
Atm is just a simple machine that is connected, I didn't investigate who is behind this bitcoin atm machines, that company will affect bitcoin, atms are probably just one of things they do.
well, maybe with the appearance of bitcoin atm, then the bitcoin users can freely use her wherever they are, maybe it will make people interested in using it, especially if bitcoin is very easy to use with a transaction that fairly quickly. many people were interested, would have been very many of those who convert their funds into bitcoin, and it is obviously going to affect bitcoin, whether it be from the price or from other angles
I am wondering if there are a lot of bitcoin ATM spread around in your country, how will it affect to bitcoin, will it attract more user, will it boost bitcoin reputation, or will it provoke the government for banned the coin? because as we know bitcoin also give freedom to money laundry, and other illegal transaction
Well there are no bitcoins ATM on my country, and there are no too many comunity who use bitcoins for real transaction on their life, i don't think my government will ban usage of bitcoins, because it be considered commodity by my government and not be considered as money, at least for right now bitcoin is still safe on my country (Indonesia).
I believe having bitcoin atms on a certain country will lead to mass adoptation. And im pretty sure a lot of merchants will consider accepting bitcoins as mode of payments rather than focusing only on fiats. With this atms, people will be encourage to use bitcoins for transactions are fast and easy. But we have to consider also that the government may impose a lot of regulations for this new system.
I am wondering if there are a lot of bitcoin ATM spread around in your country, how will it affect to bitcoin, will it attract more user, will it boost bitcoin reputation, or will it provoke the government for banned the coin? because as we know bitcoin also give freedom to money laundry, and other illegal transaction
It can probably be the reason of raising awareness among people for bitcoin but as you said it can also provoke government if they are a lot and people are getting attracted towards bitcoin more than banks etc, in such a case government can permanently ban them and that wont be a good news.
Bitcoin ATM are just like other visa/mastercard ATM so bitcoin may get popular if people start to see bitcoin ATM just next to their usual ATMs and they may try to use it atleast once which is good for better adoption as well as this can easily promote bitcoin to people living near by, so more new money will flow into bitcoin good for price.
Yeah it can affect also the people trust about bitcoin that they will know that bitcoin is real and it is not scam.. because of this it can increase the value and more banks trust this currency.. that can affect the price of bitcoin..
Bitcoin ATM are just like other visa/mastercard ATM so bitcoin may get popular if people start to see bitcoin ATM just next to their usual ATMs and they may try to use it atleast once which is good for better adoption as well as this can easily promote bitcoin to people living near by, so more new money will flow into bitcoin good for price.
Hi,
Bitcoin ATMs are modified versions of traditional ATMs. These machines can convert fiat currency to bitcoin and vice-versa. However, it should be noted that some Bitcoin ATMs are only “one-way,” meaning that they can only be used to buy or sell bitcoin, and not both. Other machines are “two-way,” and are capable of both purchasing and selling bitcoin. Bitcoin ATMs are currently not very widespread.
Coming to BTC ATM availability affecting bitcoins, yes, it is true that ATMs availability will definitely impact the usage. Suppose, a shopping mall offers a lot of discounts for BTC users and you are not having Bitcoins in a wallet, you can just go to the ATM and exchange the currency to make a purchase.
If the ATM machines are not available, then people will drop the plan of buying goods and services in Bitcoin currency and will go for fiat currency. If the usage and demand drop, BTC will become more expensive in your region.
Bitcoin ATMs are modified versions of traditional ATMs. These machines can convert fiat currency to bitcoin and vice-versa. However, it should be noted that some Bitcoin ATMs are only “one-way,” meaning that they can only be used to buy or sell bitcoin, and not both. Other machines are “two-way,” and are capable of both purchasing and selling bitcoin. Bitcoin ATMs are currently not very widespread.
Coming to BTC ATM availability affecting bitcoins, yes, it is true that ATMs availability will definitely impact the usage. Suppose, a shopping mall offers a lot of discounts for BTC users and you are not having Bitcoins in a wallet, you can just go to the ATM and exchange the currency to make a purchase.
If the ATM machines are not available, then people will drop the plan of buying goods and services in Bitcoin currency and will go for fiat currency. If the usage and demand drop, BTC will become more expensive in your region.
IMO it will give some good advertising to Bitcoin in the first place, the logo will be noticable by just about everyone and it will give people a sense that it's legitimate, instead of just some obscure internet currency.
And it will be very handy for us existing users to be able to buy Bitcoins at a local gasstation or supermarket.
And it will be very handy for us existing users to be able to buy Bitcoins at a local gasstation or supermarket.
Actually bitcoin atm will bring a positive change in its status because many unknown people will come to know about bitcoin when they will see bitcoin atm in road side or in city. If bitcoin just relay on gadgets like smartphone and laptop then it wouldn't get that much popularity because it remains hidden
I am wondering if there are a lot of bitcoin ATM spread around in your country, how will it affect to bitcoin, will it attract more user, will it boost bitcoin reputation, or will it provoke the government for banned the coin? because as we know bitcoin also give freedom to money laundry, and other illegal transaction
Just few of them on my country, that's not really affect to bitcoin but it's little bit increased bitcoin user on my country, the government is not say much although the regulations is still grey.
I am wondering if there are a lot of bitcoin ATM spread around in your country, how will it affect to bitcoin, will it attract more user, will it boost bitcoin reputation, or will it provoke the government for banned the coin? because as we know bitcoin also give freedom to money laundry, and other illegal transaction
There are many possible things that might happen and that depends on the view of a certain country into bitcoin especially to its government. IF they let bitcoin atms would operate in their place then for sure they are already aware on the capability of bitcoin because government wont decide or let this things to be placed if its against on their interest and rules. Bitcoin ATM would surely increase its adoption when people do have or put their interest on these machines.
I am wondering if there are a lot of bitcoin ATM spread around in your country, how will it affect to bitcoin, will it attract more user, will it boost bitcoin reputation, or will it provoke the government for banned the coin? because as we know bitcoin also give freedom to money laundry, and other illegal transaction
It could be a provocation because bitcoin is pseudo anonymous but i think that it would be better for bitcoin as more people will have more transaction and those that maintain the atm will have a good salary based on these fees.
I dont think that it will make bitcoin bad because on these ATMs ther ewill be cameras
I know of one bitcoin ATM the next few hundred miles, and that has already closed again.
Bitcoin ATMs do not seem to be profitable around here.
Personally I have never used one, but in a few threads here it was claimed that they take relatively high fees.
In that case I do not think that ATMs will have any influence on bitcoin at all.
Bitcoin ATMs do not seem to be profitable around here.
Personally I have never used one, but in a few threads here it was claimed that they take relatively high fees.
In that case I do not think that ATMs will have any influence on bitcoin at all.
If we take a look at this map http://www.coindesk.com/bitcoin-atm-map/ you will see that there isn't much so governments wouldn't take Bitcoin as a threat (at least not yet). (Africa only have 1 ATM and Russia have none)
So for the moment , I guess It's safe to say that they could boost Bitcoin reputation but with time , It could provoke the government and make them ban it.
So for the moment , I guess It's safe to say that they could boost Bitcoin reputation but with time , It could provoke the government and make them ban it.
Africa is a continent not a country and they habe much more then one. South Africa alone has about 3 possibly more. I am pretty sure Egypt habe some too.
Also I have heard from many people that the fee they charge negates even using the ATM as its ridiculously high like 7% of something stupid.
If you look at the maps of many places, you can see that there are very little Bitcoin ATMs in the world at the moment. I guess it could be used as a marketing factor to advertise Bitcoin, but it wouldn’t attract many new Bitcoin members as, like I said, there a very few Bitcoin ATMs in the world today.
I am wondering if there are a lot of bitcoin ATM spread around in your country, how will it affect to bitcoin, will it attract more user, will it boost bitcoin reputation, or will it provoke the government for banned the coin? because as we know bitcoin also give freedom to money laundry, and other illegal transaction
I think the ATM have something to identify the user, because the ATM is from an exchange, so probably you need to have a register or something like that... If not, you will pay a lot of taxes and there's a lot of easy ways to laundry money...
Atm machines would be nice in bitcoin.Because of its many user it will have a positive effect and bitcoin will be more useful
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