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Title: The Bitcoin ATM Boom can spark a HUGE Rally! Post by: Bit_Happy on May 06, 2014, 08:47:35 AM The supply of BTC is extremely limited, and there are over 7.046 billion people in the world.
The Bitcoin ATM Boom can spark a HUGE Rally! How soon? How high? (no one knows) Will the Bitcoin ATM Boom be a primary cause of (or excuse for) the next Bull phase? Title: Re: The Bitcoin ATM Boom can spark a HUGE Rally! Post by: TERA on May 06, 2014, 09:02:26 AM The supply of BTC is extremely limited, and there are over 7.046 billion people in the world. ATMs have been getting launched for nearly a year now, but they're not catching on because the fees are way too high and they have some issues I believe. Also, the average person looks at one and wonders why they would need such a thing. They'll probably be more useful once a rally has already started, it's all over the news, and people are in an urgency to hop on the train.The Bitcoin ATM Boom can spark a HUGE Rally! How soon? How high? (no one knows) Will the Bitcoin ATM Boom be a primary cause of (or excuse for) the next Bull phase? Title: Re: The Bitcoin ATM Boom can spark a HUGE Rally! Post by: likesbtc on May 06, 2014, 09:03:04 AM yes ... atm provide the brick and mortar to the concept of bitcoin.
Title: Re: The Bitcoin ATM Boom can spark a HUGE Rally! Post by: Malin Keshar on May 06, 2014, 09:14:55 AM no. People demanding more and more bitcoins will spark the next rally, and i can't see ATM's causing more demand of bicoin, alone. Plus very high taxes, as already stated.
Title: Re: The Bitcoin ATM Boom can spark a HUGE Rally! Post by: Siegfried on May 06, 2014, 09:18:02 AM The supply of BTC is extremely limited, and there are over 7.046 billion people in the world. ATMs have been getting launched for nearly a year now, but they're not catching on because the fees are way too high and they have some issues I believe. Also, the average person looks at one and wonders why they would need such a thing. They'll probably be more useful once a rally has already started, it's all over the news, and people are in an urgency to hop on the train.The Bitcoin ATM Boom can spark a HUGE Rally! How soon? How high? (no one knows) Will the Bitcoin ATM Boom be a primary cause of (or excuse for) the next Bull phase? I agree. Fuel to the fire. Title: Re: The Bitcoin ATM Boom can spark a HUGE Rally! Post by: p0peji on May 06, 2014, 09:35:06 AM The supply of BTC is extremely limited, and there are over 7.046 billion people in the world. The Bitcoin ATM Boom can spark a HUGE Rally! How soon? How high? (no one knows) Will the Bitcoin ATM Boom be a primary cause of (or excuse for) the next Bull phase? Sometimes I really wonder what the fuck is wrong with people like you? Title: Re: The Bitcoin ATM Boom can spark a HUGE Rally! Post by: Elwar on May 06, 2014, 09:57:19 AM Bitcoin acceptance requires ease of fiat to bitcoin and uses for the bitcoin.
The ATMs help with the first part. Bitcoin accepting websites and places like gyft help with the second part. Title: Re: The Bitcoin ATM Boom can spark a HUGE Rally! Post by: dreamspark on May 06, 2014, 10:18:13 AM The issue with atms though its that it defeats the purpose of Bitcoin for a lot of people. Even if your not actively hiding anything you still want to be quasi anonymous when getting into BTC. Having to give retina scans, fingerprints answering proof of fund questions etc just doesnt make it an attractive proposition at all.
Title: Re: The Bitcoin ATM Boom can spark a HUGE Rally! Post by: lumierre on May 06, 2014, 10:23:28 AM The issue with atms though its that it defeats the purpose of Bitcoin for a lot of people. Even if your not actively hiding anything you still want to be quasi anonymous when getting into BTC. Having to give retina scans, fingerprints answering proof of fund questions etc just doesnt make it an attractive proposition at all. Not all ATMs require biometrics.I don't think Bitcoin ATMs will be the one to cause the bull market but they would certainly accelerate the momentum of a new upward trend. They will be relevant when the panic buy sentiment sets in. |