Are Robocoin ATM machines a good investment?

[nemoscakes]

I looking at importing a Robocoin machine. Then several more if the first is successful.  Do you guys think it is a viable technology? Or destine to fail? With all the smaller machines acting like POS credit card machines becoming cheaper do you think they could soon become obsolete?  Also does the fact you have to have i.d. completely take out the attraction for anonymous users? I mean in the end people prefer to be able to hold the money in there hand, and with this machine it seems almost like the ATM is generating the Bitcoins with your money right there, which would take away a lot of the perceptions of giving your money to a dodgy third party.

My key questions is there some new technology on the verge of making these Robocoin machines completely obsolete?

I looking for any answers, good, bad and ugly. I've been looking all over the internet for someone to help me with this so any answer is appreciated.

Cheers

Nemo

[nemoscakes]

70% of robocoin customers are new users and they wouldnt nessacarily be aware of the pitfalls of the hardware. In a way its a advertising and excitement that the machine itself creates that brings in the customers would you not agree?

I suppose it comes down to the longevity of the Bitcoin itself in regards to the longevity of the Robocoin.

[atcx]

First thing you should probably look at is whether people will use your Robocoin. Do you have a place to put it where you can imagine lots of traffic coming to it?

[guybrushthreepwood]

First thing you should probably look at is whether people will use your Robocoin. Do you have a place to put it where you can imagine lots of traffic coming to it?

That's a good point. If you have your own bar or shop, it could be a big draw/attraction.

Can you set your own commission? I think it'd take quite a while to recoup your money.

[hilariousandco]

I think these ATMs will probably start to pop up all over the place in 2014, so they might not be such a niche item quite quickly.

[infinitybo]

@Nemoscakes It's a good idea furthermore ATM machines seems to be a good investment.

[SantaMuerte]

Thinking of buying a Lamassu, but how much is a RoboCoin?

[bitconnect]

Thinking of buying a Lamassu, but how much is a RoboCoin?

21,000

[Sauzer00]

I would like to understeand how it works.
I can set up my fee, and they get the exchange rate from Bitstamp and that's ok ..
Then i need a wallet with BTC and cash to the in/out operation but with the actual volatility u can loose a lot of money.
when u gonna try to sell the BTC they just sold or buy BTC that u bough higher earlyer
Let's say i buy 10 BTC into my wallet at 800 and then when they buy them the price will be down to 500 i am gonna loose money.
I mean it's risky since the price can move a lot since the moment that u buy to the moment that u actually sell them.

And is it legal do put on of those ATM everywhere in the world ?