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How sure is this news eh? Anyway, if this will be realized then I will probably become a millionaire by 2018. I wonder if those people will really adapt bitcoins in the first place. Some of my friends who live in California doesn't even have a clue about what I'm saying. I hope the New Yorkers are otherwise.
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The Business model I was proposing would be of vertical integration.
The POOL could sell at a discount daily but also they would gain in profits from the machines too.
I would buy the machines and they supply the BITCOIN. I do the leg work and we can work on the details.
I don't want to take it in the shorts on a downturn so the suppliers would have to be willing to lose some if BTC tanks.
That said they would profit more in upturns as they would share in the ATM profits.
Also the fast cash out to USD on the two ways but be set at limits that would help suppress any of those losses.
I agree about setting up one and running it first. That is the plan. That said I want to scale fast. Not to big just multiple machines.
Then reassess.
I have a BBA / Accounting Degree.
I still have a lot to learn but this seems like a very good opportunity for vertical integration for miners or pools to work with BITCOIN ATM providers. I think we can discuss the pitfalls for each side. Make sure we all have some skin in the game and work out the details but this is a very attainable business model to set up.
I will post some profit models tomorrow if anybody is interested.
The location is very important and staying there long term is too.
GREAT location ROI in 1 month
GOOD locations ROI in 3 months
AVG location ROI 12 months.
I need to find some TRULY PRIME SPOTS too.
Oh well, why don't you just create a website or an application that will serve as a tool for payments for credit cards, shopping, and the users can cashout via Western Union using bitcoins. At least you won't have to deal with ATMs (less maintenance costs for you). If you have some time, visit coins.ph and see if their concept will work for you in your country. I am telling you, man - maintaining physical ATMs are not so damn easy. I planned to put a bitcoin ATM in a mall nearby but I just realized that my target users will prefer cashing in/out via coins.ph over my ATMs. |
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What the hell is this? ha ha. Why don't you just put your bitcoins in lending wallet and let it grow for some time. At least you won't be wasting it's potential while HODLing it. Try lending your bitcoins in Poloniex and tell us how much bitcoins you earned in 2 months.
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for sure that will be a good hit because today almost 80% of the population now are using bitcoin as a form of payment method and this will be verry convenient for us because we can now withdraw our coins easily when we do shopping and malling. you should be making about hundreds and thousands of them and distribute it worldwide because we are always wanted to have a bitcoin atm.
Where did you get that statistics, dude? I doubt that 80% are using bitcoins, we are still far away from that mark especially in your country, nobody accepts bitcoin as payment. Anyway, bitcoin ATMs are kind of illusive but I am sure once it hits hard, that man will get millions. |
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I am using a hardware ledger dude... I bought it over Amazon for .1 bitcoins back in April. It supports every fork, it offers firmware updates via windows 10. I've been using it for my BTC cash and Gold. try it dude.
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i am really interesting what is your portfolio . Which alts do you hodl ? or all in bitcoin ? for me i have around 80% bitcoin and 20% eth . But i think i should buy some IOTA i really like the idea of tangle... and i am not sure if i should buy some NEO . What do you think about NEO guys ?
A piece of advice from a bloody trader, if you cannot perform full time in trading then please do your self a favor and just go ALL BTC. This month had made me realize that BTC is king, for real... I bought bags of altcoins last April worth approximately .5 BTCs and most of them weren't able to recover. I cut some losses last September and went ALL IN with Bitcoins. Man, so far so good. BTC is king! Forget about ETH (hell yeah, haters gonna hate) |
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There is a thread somewhere in this website which discusses how the Gunbot's algorithm and calculation works. Please feel free to read it because it had helped me a lot on understanding how to guess a buy-time and a sell-time based on the EMAs and other charts.
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I doubt it, because Japan has never been like-minded to China. Japanese thinks very differently among these Asian countries, and with them accepting bitcoins as payment for merchandises, I doubt if they will attempt to ban ICOs. Keep in mind that ICOs attract new bitcoin adapters. Japan is a BTC friendly nation, I assume.  |
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Hey, how many of you have tried mining/minting 808 coin?
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Well, what else can we say? The big boys are riding the waves and please expect for more big adapters to come in very shortly. If I were you, do yourself a favor and buy as many bitcoins as possible right now. You'll be sorry if you don't, and bitcoin reaches over $20,000. Be brave NOW or forget about it. |
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It's currently estimated about 3 million people own some amount of Bitcoin.
That's about 0.3% of the population of Europe and North America.
If Bitcoin becomes mainstream, and say 50% of people in Europe and NA own Bitcoin, how much would it be worth?
Amount of people that own it does not matter. Demand matters. If lets say 50% of the people want to own Bitcoin but don't have it that would drive the price insane. Exactly! Even though every people from the UNITED STATES owns bitcoin but its only them and nobody else wants to have some, the price will not go up very much I guess. In contrast, even though only 3 people owns every bitcoin all across the globe, but the entire human race wants a piece of it, expect bitcoin to be more expensive than your life. |
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Apologies for being so basic, but what is a reputable site to purchase bitcoin?
Secondly, has anyone had a good experience with Etherium? Thanks.
Use bittrex and swipe your credit card dude. Ethereum is good especially if you were able to buy at $35. Personally, I buy bitcoins at coins.ph because that is the only spot where I can score bitcoins straight with my paper trash money. Good luck to you, noobie. |
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Seriously? I don't get the great news honestly.Does this mean that I will get a fee everytime I receive bitcoins?
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Hi,
I would need advice on the best way to profit from Segwit2x (if there is a way). At the moment, I have some bitcoin at 3 different exchanges, but I have read that not all of them will list a possible new chain and that I should keep funds cold stored for the occassion.
Is it possible to get coins in both chains? Does that mean that you get "free" BC2 or whatever the name they choose? If so, how can I make sure I am in?
Thanks!
Don't you have a hardware wallet? you should have researched on which exchange you should put your bitcoins so it will mint new blockchains for your dividends. Anyway, I have received an email from coins.ph that they will support the blockchain split, you may try to use them. But you know, i strongly suggest that you buy a hardware wallet so your bitcoins are always safe. expect more forks. |
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forks only mean that bitcoin is gaining popularity - or should i say bitcoin is very popular now... noobs have different opinions about forks, i had actually have this conversation with a bitcoin noob and confidently told me that he had received bitcoin cash because of his loyalty to bitcoins.  anyway, i'm always looking forward to forks and just keep the coins in my hard wallet, so in the future whichever becomes the most expensive among those bitcoins i have the same amount in my wallet. |
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Hi guys, as you all know that hard fork date is coming near which will divide the Bitcoin in 2 parts Bitcoin and Bitcoin gold , what you think it will crash the btc and it will go to how much price
Actually, i didn't get the question. Are you asking if btc gold would crash the bitcoin and how much price will it go? What's the point though? Btc Gold is now over $100 a piece and I don't think it affects bitcoin. I don't know if my answer makes any sense, but I honestly don't find any sense in your question either |
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I read on twitter that Satoshi owns approximately 8 billion USD as of the moment. Man, whoever he is, he is the man! Ha ha... I wonder what Zuckerberg thinks about Satoshi.
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So, what do you think of this news? Do you have the impression that Japan and South Korea have something to do with Bitcoin rising price now? This post was a month ago but honestly those two countries are my hope everytime that there are FUD from huge countries like China and Russia. I have faith in Korea and Japan that no matter what happen, they will continue patronizing bitcoins, and as long as there is somebody who utilizes bitcoins, there is value in it. |
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A source close to the Indian regulators disclosed that India may have a complete ban on encrypted currency transactions and implement similar regulatory measures with China.
I don't think so, my friend. I will not wonder if one of these days there would be a fud like that, because bitcoin is soaring and somebody will obviously try to manipulate a little bit so they can reenter after selling and taking profits. I guess you are that somebody ha ha ha! |
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I assume it came from the new adapters. The bitcoin is gaining more and more popularity and it attracts investors even more because of its price. Anyway, noobs will be noobs so expect more people to buy at high prices... those are the ones who were skeptic when bitcoin was at $1000 |
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