No KYC?  Wow, you're lucky.  I just tried using a bitcoin ATM yesterday (which malfunctioned, of course) and it asked me for a scan of my ID and phone number for an SMS verification. 

And hey, go Philippines for the win.  Based on how large the community is on bitcointalk, I'm fairly sure bitcoin is very popular there and this is yet another step toward mass adoption.  We've got 7-11 stores in my country but they're not partnering with any bitcoin-related businesses (yet).  I'd love to see that sort of thing happen in the US, but I have a feeling it won't.

I wouldn't expect it to.  But with bitcoin under $9k right now, think of it as a buying opportunity that you might not see again.

Yeah, but I would have been way too old for her even if I was her type (not possible). 

I should have spent more time looking at the ATM, but I was sweaty (bicycle ride) and frustrated.  But I did see that the price they were going to charge me per bitcoin was well over $10k, but this was before our little flash-crash here.  When I arrived at the ATM I think bitcoin was still going for $9500 or thereabouts. 

That would not have mattered, though.  I wanted to buy bitcoins from an ATM just so I could say I did it--and this is the only bitcoin ATM in my town.  When I looked at the ATM map, you have no idea how surprised I was to see there actually was one around me.  I don't live in a big city and when I'd looked at that map a couple of years ago, there wasn't one anywhere around me.  I have a feeling the liquor store manager is going to get rid of the machine.  I forgot to ask him or the cute girl whether anyone else had used the machine or why he had it in there.  Maybe I'll go back in a few days.

I don't know about the mining farm quitting, but I suppose it's possible that could influence the price somewhat.  One thing I'm definitely seeing is a slowing down of confirmations on the blockchain.  I just bought a small amount of btc and those confirmations are taking far longer than they have been.

As for the second thing, I think it's obvious there's been a lot of selling in the past couple of days.  Since there hasn't been any bearish news that I know of, the only thing driving bitcoin's price is buying and selling, i.e., market forces.  Right now there are more sellers than buyers (though I've no idea why).  Maybe people bought bitcoin in advance of Bakkt's launch and it isn't turning out to be the big thing they thought it would....who knows.  I'm not one for price movement explanations, since it's usually just blind guesswork that doesn't really matter anyway.

Probably not, but I haven't read any details about what exactly happened.  Was there a government law passed somewhere?  I can't imagine mining suddenly became unprofitable.

Yeah, this is quite a dip--and I'm pretty much used to bitcoin's volatility.  On the other hand, I still think the overall sentiment is bullish and that we'll rebound eventually.  There was always a question in my mind whether bitcoin would break out of the $10k-ish range to the upside or downward.  I figured it would be up, but I got that one wrong.

But hey, I see it as a buying opportunity, as in "bitcoin is on SALE!!".  I must admit, that Google quantum computing thing had me spooked, although I don't pretend to understand it.  Something like that (or a worldwide governmental ban) is the only thing that could make bitcoin plunge to $0.  It's nowhere near $0 right now, though.  In fact it's much higher than it was for most of last year, so I'm not complaining.

Update:  after making my previous post in this thread, I took a ride to the one and only bitcoin ATM in my city--and the closest one within about 20 miles.  It's located in the back of a liquor store.  I went there with some $20 bills, ready to purchase some bitcoin, even though they were asking over $10k/BTC.  I did the SMS verification thing and then tried to scan my ID.  The first time the photo was blurry so I tried to cancel it:

NETWORK ERROR

I started the entire process all over again, with the SMS and the photo scan.  I managed to get a reasonably decent shot of my ID, but when after it asked for a scan of the back side of the ID:

NETWORK ERROR

Again, I tried it.  Got to the backside of the ID and:

NETWORK ERROR

A cute girl who worked there came over and looked at what I was doing and mentioned to her boss that I was having trouble.  I heard him say "Yeah, there's supposed to be a 1-800 number or something.  I'm about to unplug that fucking thing."

So this was my one and only experience so far with a bitcoin ATM, and the goddamn thing didn't even work properly.  So OP, if there are problems like this with the machines there's no way people are going to get enthusiastic about buying bitcoin through them.  I don't like having to do all the verification either, but there was a message that said it was required in the US.  I'm not surprised.

I should have taken photos of me and the manager pissing on the machine.  At least it would have been useful for laughs had I posted them here.

I know it sounds discriminatory, but I think it's a pretty fair statement--obviously different countries have different laws, and in some of them those laws seem to be quite lax.  It's probably why Yobit has gotten away with so much crap in all the years they've been operating.

I've never used any of the exchanges you listed, OP.  I don't know how much you plan to trade or if you're going to be using fiat currency, but you might want to try some of the more legitimate exchanges like Binance, KuCoin, Poloniex, and the like.  I think they service people globally, and you can probably get away with no KYC if you're not trading with fiat.

I think I tried to register on Upbit because they were the only ones who had a coin I was interested in, but they wanted all my dox and I didn't think it was worth it.  I don't think they're a scam exchange, but I couldn't say for sure.  You're not a newbie (unless your account is purchased), so just remember to never keep your funds on any exchange for any length of time.

That really isn't a lot.  It wouldn't even be a lot if they were all located in the US, which they're not.  I'll have to search for a map of where they all are--I think such a thing exists, because I think someone linked to a map once.  There isn't a bitcoin ATM anywhere near me as far as I know, and I don't exactly live out in the woods.

I'd agree with that, though I'm not sure if that anonymity is worth the markups I've heard about with ATMs.  But I'll tell you, if there was one near me I'd probably use it if the fees weren't outrageous.  Beats doing PayPal deals or doing KYC on an exchange.

It doesn't, and I don't mean to be negative about OP's assertion.  I think it's great that bitcoin ATMs exist and I think there ought to be more of them--but my guess is that the reason there aren't is because the demand for them isn't there.  If they were being used extensively, they'd be all over the place.  

Edit:  Holy crap!  I just checked coinatmradar.com, and there is one right near me.  I'm definitely going to check it out--very cool!

I don't think institutional investors need any introduction to bitcoin, and I've been reading a lot of similar comments.  Those guys know what they're doing, and I'm pretty sure they've been learning about and watching bitcoin for years.

Does anybody know if Bakkt allows investors to sell bitcoin short?  I can't say I fully understand how it all works, but I'd be surprised if that wasn't an option on their platform.  If so, that could explain the price drop--but I'm just speculating.

I don't know about that.  The drop from $10,500 to $9500 coincided pretty well with Bakkt's launch.  That could just be coincidence, but I just have a feeling it's not.  And man, if I had any spare money to invest I'd be buying bitcoin right now.  I don't think it's going to stay under $10k for long.

Bitcoin was in somewhat of a bubble when it hit $20k, I agree with that.  But you have to realize that even after a bubble pops, it's quite possible that the asset that was in the bubble can and will recover.  The NASDAQ bubble popped in April 2000, and though it took many years it did bounce back to where it was--and it's even higher now than it was back then.  Same thing with bitcoin, only the recovery appears to be happening faster. 

As to the second statement, I think it's absurd to predict it's going to take 22 years for bitcoin to reach its previous ATH.  I certainly could be wrong about that, but I think you're being far too pessimistic based on bitcoin's price dropping a few hundred dollars.  I mean please, it's still at $9500.  It was stuck around $3500 for months before that, so keep some perspective on it.

Lol, that's exactly what it sounds like here. 

OP, is your other business plan still in effect or what?  You'd suggested some kind of block-long internet cafe type thing in Manhattan if I'm not mistaken.

As far as this proposal goes, check out the documentary E-Dreams.  There was a company about 20 years ago, right at the tail end of the internet stock boom.  They were called kozmo.com and they started in NYC offering delivery service for pretty much anything--Starbucks coffee, soda, and all sorts of grocery items, and they had bicycle messengers doing the deliveries.  The doc doesn't really go into how much of a demand there was for their service, but they ended up going bust because they expanded way too fast and burned up all of their investors' money (and never made a profit).

So I'm not sure how hot an idea it is for a line-waiting service, and I think there's another kozmo business operating in the city nowadays, though I could be wrong.  Anyway, I admire your big ideas.  If you ever get anything going like the first one, the internet cafe, I'd definitely make the trip to the city to check it out.

Yeah, it is.  I don't know how many times I've heard the "posting for pennies" thing from people when they're raging against shitposters, but it's not true--especially when bitcoin is above $10k.  It's not a small amount in some cases.

Anyway, great data collection suchmoon.  I really don't keep track of who's been banned and was actually surprised to see cellard, zazarb, and a couple of other members on that list.  I think I remember seeing a few members being kicked out of the Chipmixer campaign but I don't exactly remember why.  Very interesting stuff here. 

If you're being paid to post, there's an incentive--and I don't think there's anything inherently wrong with that.  If you know how to write and can make your posts even the least bit interesting, it's OK to post more than you usually would if you weren't getting paid.  It keeps the discussion flowing and obviously benefits the member who's in the campaign.  The problem is and always has been the idiots who have to post outside their local boards in a language they can't write AND about something they likely have no interest in (crypto).  I don't think most of the people on the list here fit that description, btw. 

First of all, I'm glad this thread got moved to Meta.  I reported it as appropriate to either B&H or Meta, not Bitcoin Discussion as OP originally had it.

Now, as far as grammar is concerned: it's been my experience that members here who write English with very poor grammar are usually (but not always) shitposters.  If the grammar is bad enough, their posts just don't make sense and I've found that they end up repeating the same shit over and over in a post, probably to pad its length.  So if someone comes across one of these grammatically-challenged gems and reports it as a low-value post, the mods are likely to agree with the report.  

What you ought to know is that there are members here whose command of English isn't great, but they're very helpful to the community.  I think whether posts are deleted or not depends on how constructive the post is and probably which section it's posted in.  Different mods cover different sections.  So the answer to the question in the title is basically it depends.

Edit:

Funny how OP was already on my ignore list for being a shitposter.  I doubt he's talking about a friend here, and if he is it's probably a fellow sig spammer.

Nope, can't say I totally understand it myself.  I thought it was basically a futures/options market for bitcoin which would allow investors with a lot of money to gain some exposure to crypto without actually having to own it outright--much like how precious metals are traded on Wall Street.  Those commodity traders don't actually want to own a bunch of gold bars; they just want to speculate on the price for hedging reasons or whatever. 

28BTC as of a few hours ago?  That's low, and that's putting it nicely.

And 51 now?  Still pretty low.  Way more than I'll ever see, but this is supposed to be for the big dawgs, eh?  Sheee-it.

Didn't Bakkt launch last night at 8pm EST?  That's what I read in the Forbes article that was linked to in some other thread.  I had preev pulled up in a tab to check the price after it went live, and it didn't really do much of anything--and as I write this, bitcoin has dropped (marginally) to $9862.

The above quote was only written a couple of hours ago, and yeah I'd have to agree that this isn't a huge amount.  Anybody know if this is actual bitcoin that changed hands or if it was some sort of derivative?  Anyway, I would have expected a much bigger amount for the first day of a new platform that's supposed to be for big-money players.  I'll definitely keep my eye on this.

I guess that's true....but as with any market, there's always a lot of buying and selling going on regardless of the price.  You'll always get someone who'll want to buy something in a free market.

I would imagine, and the first thing I thought is that this dude doesn't need a flag--he needs to get banned if he's sending phishing links via PM.  That would at the very least fall under the rule of no spam PMs being allowed. 

Anytime a member receives a suspicious PM, whether it's a scam attempt or spam or whatever, they should report it.  Not all unsolicited PMs, of course--I get a lot of those--but it's annoying to get them and obviously people can get scammed if they don't know any better.  These idiots want to pull their crap within the relative secrecy of PMs, and it's not cool.

TryNinja's post is probably going to be the most helpful here, but I'd like to add that the merit system was probably the biggest thing to come along since you've been away (I assume you've been away).  The garbage posting due to signature campaign shitposters was getting so out of hand that Theymos felt he had to implement it.  

Because of it, it's much much harder to rank up nowadays, and this kills at least two birds with one beautiful stone:  new members can no longer expect to earn much in campaigns, and it's almost impossible to be an account farmer who creates a bunch of accounts and ranks them all up in order to sell them.  It's an elegantly-designed system and one which I'm grateful we now have.

The DT system has gotten kind of weird lately, and I haven't even been following the list anymore.  There's been a ton of drama since at least December of last year about certain folks being on it, and I think Theymos felt he also had to act on that.  And then the flag system....not sure if it's an improvement or not, but that's one of the most recent changes.

Hey--two years gone, and I bet when you came back you were expecting the new forum software to be up and running, right?  Right?  lol

Edit:

I do like the SMF software, though!  As far as the donations and what you call bounty, that's not for me to question since it doesn't represent any of my money and I don't have a clue what the forum does with that money.  There's got to be something in development, eh?

Yeah, events, rumors, and news are usually already priced in by the time they happen, but Bakkt is going to allow big-money traders to get into bitcoin--so I don't think that sort of thing can be priced in ahead of time.  What I'm not sure of either is how much Wall Street (and other deep pockets) are going to trade and how that's going to affect the price of bitcoin.  I don't know if bitcoin is actually going to change hands or if it's all going to be done through derivatives.

I did not realize tomorrow was the launch, since all the news about Bakkt I've heard has come from this forum, and I don't remember anyone mentioning a date.  Should be very interesting to see what happens.

Meh, it's been flat for a while now.  There's been no movement with any momentum behind it, and the ups and downs we've seen are just normal market fluctuations.

If I remember correctly (haven't used Mycelium in a while), it has you write down a seed phrase when you create the wallet.  As long as you have that, your coins are safe.  It sounds like some sort of glitch, though I don't pretend to know anything else about it.  I think I had similar problems when I was using Mycelium as one of my main wallets, but it eventually just resolved itself.

OP, if you find a fix please update this thread, as it might help someone else getting a similar error.

Edit:

Ah, you beat me to it!

As stated in the title, I need 0.0075BTC at preev 1:1. We can use whatever preev is at, at the time we finalize the deal.

I will not send first unless you have significant green trust or if I've done business with you before.

This will be a neutral feedback transaction.

Send me a PM if you're willing to help me out, as I might miss seeing this thread if you post here.

Local rule:  Please do not post here unless you're interested in doing this deal.  PayPal is very risky because of the chance of chargebacks, but I have never done this and won't ever.  Also, I won't deal with anyone under Full Member unless they're willing to send first.

Thanks.

Edit:  Deal done.  Locking thread now.

Can you actually buy bitcoin anonymously at any of these ATMs?  How is that possible aside from feeding the machine cash?  I didn't think any of these things operated that way, but then again I've never used one.  I don't even know where the nearest one is to me.

Also, what does "top up successful" mean?  Does that mean that your address received the coins?  The only time I've ever heard the phrase "top up" is with regard to minutes on a cell phone and the like.  Maybe it's a phrase that's not used in my country.

I definitely see your point, although I think I'd use them anyway.  Hell, I used to buy bitcoin (and doge) from wesellcrypto.com, which had quite the markup--and the sad part is that had I kept all the bitcoin I'd bought from them, I'd have made incredible profits.  That was some time ago.  ATMs are very convenient, and if I had one in my neighborhood I'm sure I'd use it.  What I'm not sure of is whether anyone who isn't already into crypto would.

By the way, how do you buy bitcoin from the Vietnam machine pictured in the OP?  Do you put cash into it like a soda vending machine or do you have to use a credit/debit card?