JimboToronto
Legendary
 Offline
Activity: 4004
Merit: 4482
You're never too old to think young.
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May 14, 2015, 04:45:01 PM |
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isnt there a huge fee for buying with an ATM?
Out of curiosity, what's the premium on those things?
They recently raised the rate from 5% to 7.5% so it's getting less affordable. I always justified the 5% by saving the hassle and expense of transferring money from my bank to the exchange, the (albeit small) exchange fees, and the time wasted on hassling with the banking and transfer process. Often the money saved by not waiting a week for an exchange deposit more than pays the fee. ATMs are fast, easy and very suitable for small (less than 3 coins) purchases. I still will use an exchange for larger buys. I also treat part of the fee as an insurance premium against having to leave money (Bitcoin or fiat) on an exchange, exposed to the internet. I lost 50 bitcoins at MtGox. Once bitten, twice shy. Offline paper wallets FTW. An added bonus is that the ATM coins are anonymous (or should I say pseudonymous?) at least until you crack the paper wallets and expose the coins to the 'net. This is probably worth a few points to many people. |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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May 14, 2015, 04:49:57 PM |
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who cares about ATM? those are for noobs.
gentlemen, stay on topic. and the topic is impending sub 200 dump.
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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May 14, 2015, 04:52:21 PM |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 14, 2015, 04:57:45 PM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 14, 2015, 05:02:49 PM |
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isnt there a huge fee for buying with an ATM?
Out of curiosity, what's the premium on those things?
They recently raised the rate from 5% to 7.5% so it's getting less affordable. I always justified the 5% by saving the hassle and expense of transferring money from my bank to the exchange, the (albeit small) exchange fees, and the time wasted on hassling with the banking and transfer process. Often the money saved by not waiting a week for an exchange deposit more than pays the fee. ATMs are fast, easy and very suitable for small (less than 3 coins) purchases. I still will use an exchange for larger buys. I also treat part of the fee as an insurance premium against having to leave money (Bitcoin or fiat) on an exchange, exposed to the internet. I lost 50 bitcoins at MtGox. Once bitten, twice shy. Offline paper wallets FTW. An added bonus is that the ATM coins are anonymous (or should I say pseudonymous?) at least until you crack the paper wallets and expose the coins to the 'net. This is probably worth a few points to many people. I guess its not a half bad deal. |
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4482
You're never too old to think young.
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May 14, 2015, 05:04:31 PM |
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who cares about ATM? those are for noobs.
gentlemen, stay on topic. and the topic is impending sub 200 dump.
Who cares about permatard sub-$200 fantasies? The topic is amassing as many coins as possible, as cheaply and easily as possible. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 14, 2015, 05:05:57 PM |
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permatards  |
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Natalia_AnatolioPAMM
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May 14, 2015, 05:11:08 PM |
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Usually BTC ATMs have 10% fees.
No joke.
so non sensible |
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Wings1987
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May 14, 2015, 05:14:14 PM |
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Interesting little dump. Seems to be bouncing back pretty quick.
In other news.....GBTC volume way up compared to yesterday.
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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May 14, 2015, 05:14:31 PM |
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who cares about ATM? those are for noobs.
gentlemen, stay on topic. and the topic is impending sub 200 dump.
Who cares about permatard sub-$200 fantasies? The topic is amassing as many coins as possible, as cheaply and easily as possible. boy, can't wait to see your face and feel the taste of your morning coffee the day we go double digit! |
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jerk
Newbie
Offline
Activity: 57
Merit: 0
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May 14, 2015, 05:18:28 PM |
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who cares about ATM? those are for noobs.
gentlemen, stay on topic. and the topic is impending sub 200 dump.
Who cares about permatard sub-$200 fantasies? The topic is amassing as many coins as possible, as cheaply and easily as possible. boy, can't wait to see your face and feel the taste of your morning coffee the day we go double digit! boy, can't wait for you to be banned again... |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 14, 2015, 05:21:31 PM |
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4482
You're never too old to think young.
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May 14, 2015, 05:22:55 PM |
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...the day we go double digit!
Feeling nostalgic for the good old double-digit days? Why not single digits or sub-$1 coins? 10k for a pizza? Keep dreaming. |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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May 14, 2015, 05:26:26 PM |
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isnt there a huge fee for buying with an ATM?
Out of curiosity, what's the premium on those things?
They recently raised the rate from 5% to 7.5% so it's getting less affordable. I always justified the 5% by saving the hassle and expense of transferring money from my bank to the exchange, the (albeit small) exchange fees, and the time wasted on hassling with the banking and transfer process. Often the money saved by not waiting a week for an exchange deposit more than pays the fee. ATMs are fast, easy and very suitable for small (less than 3 coins) purchases. I still will use an exchange for larger buys. I also treat part of the fee as an insurance premium against having to leave money (Bitcoin or fiat) on an exchange, exposed to the internet. I lost 50 bitcoins at MtGox. Once bitten, twice shy. Offline paper wallets FTW. An added bonus is that the ATM coins are anonymous (or should I say pseudonymous?) at least until you crack the paper wallets and expose the coins to the 'net. This is probably worth a few points to many people. Personally, I think it's hard to beat buying instantly through Quadriga via debit card for just 1.5% - I never have to leave any money there, just send fiat and withdraw bitcoin. The first transfer I made was delayed 24 hours for some security reason, but every time since then it's instant. Very nice service. |
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Dump3er
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May 14, 2015, 05:37:18 PM |
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who cares about ATM? those are for noobs.
gentlemen, stay on topic. and the topic is impending sub 200 dump.
Who cares about permatard sub-$200 fantasies? The topic is amassing as many coins as possible, as cheaply and easily as possible. boy, can't wait to see your face and feel the taste of your morning coffee the day we go double digit! I'll ask him about the taste of his fucking morning coffee when we reach double digits! Let's see who's the permatard here... |
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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May 14, 2015, 05:39:42 PM |
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Interesting little dump. Seems to be bouncing back pretty quick.
In other news.....GBTC volume way up compared to yesterday.
Will it dip below 40 a share before closing? |
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Dump3er
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May 14, 2015, 05:42:56 PM |
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who cares about ATM? those are for noobs.
gentlemen, stay on topic. and the topic is impending sub 200 dump.
Who cares about permatard sub-$200 fantasies? The topic is amassing as many coins as possible, as cheaply and easily as possible. boy, can't wait to see your face and feel the taste of your morning coffee the day we go double digit! boy, can't wait for you to be banned again... Are you crying little bull? You suffer the big, bad bears and need help from the mods? |
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ejinte
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May 14, 2015, 05:44:48 PM |
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and bitfinex is down
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