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grumpy619
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January 09, 2014, 01:05:17 AM
 #21

Sorry for the loss. What I was trying to say is know the code of what ever country you go to. I love Mexico but would never go there with out a close friend that spoke Spanish. I know for a fact the the safest places in Mexico is the strip clubs. The cartels don't want their money messed with. I've been down there many time and never encountered any problems and I'm 15 min from the border. People don't notice u there unless you make your self noticed.

 To digress so it would be $1000000 + to make it happen pluses licenses. The way I see it bit coins are like casino chips that don't have a set value so why can't u sell it just like that?



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AmericanBit
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January 09, 2014, 01:17:01 AM
 #22

Sorry for the loss. What I was trying to say is know the code of what ever country you go to. I love Mexico but would never go there with out a close friend that spoke Spanish. I know for a fact the the safest places in Mexico is the strip clubs. The cartels don't want their money messed with. I've been down there many time and never encountered any problems and I'm 15 min from the border. People don't notice u there unless you make your self noticed.

 To digress so it would be $1000000 + to make it happen pluses licenses. The way I see it bit coins are like casino chips that don't have a set value so why can't u sell it just like that?

Oh thanks just dont go on the beaches after sundown...they are serious...the point is, its just not safe for Americans anymore unless youre in a resort town. But digression...you cant send casino chips to other countries and get money for them. Its all about laundering and the USA keeping track of all money transactions
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January 09, 2014, 01:28:39 AM
 #23

And how are you planning on bringing that suitcase filled with money across the border each time the ATM is full? Suddenly getting a revenue stream from Mexico via bank would also bring unwanted attention your way...

And what you gonna do if some druglords want 120% cut from your activities in their turf?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

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grumpy619
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January 09, 2014, 02:12:21 AM
 #24

Sorry for the loss. What I was trying to say is know the code of what ever country you go to. I love Mexico but would never go there with out a close friend that spoke Spanish. I know for a fact the the safest places in Mexico is the strip clubs. The cartels don't want their money messed with. I've been down there many time and never encountered any problems and I'm 15 min from the border. People don't notice u there unless you make your self noticed.

 To digress so it would be $1000000 + to make it happen pluses licenses. The way I see it bit coins are like casino chips that don't have a set value so why can't u sell it just like that?

Oh thanks just dont go on the beaches after sundown...they are serious...the point is, its just not safe for Americans anymore unless youre in a resort town. But digression...you cant send casino chips to other countries and get money for them. Its all about laundering and the USA keeping track of all money transactions

So I the end the government just wants to keep track of the transaction and needs to make sure they get there cut. The volitility of BITCOIN is what they don't trust?



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────────   Powered by the ICNQ Token


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▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂
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AmericanBit
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January 10, 2014, 11:41:11 AM
 #25

Sorry for the loss. What I was trying to say is know the code of what ever country you go to. I love Mexico but would never go there with out a close friend that spoke Spanish. I know for a fact the the safest places in Mexico is the strip clubs. The cartels don't want their money messed with. I've been down there many time and never encountered any problems and I'm 15 min from the border. People don't notice u there unless you make your self noticed.

 To digress so it would be $1000000 + to make it happen pluses licenses. The way I see it bit coins are like casino chips that don't have a set value so why can't u sell it just like that?

Oh thanks just dont go on the beaches after sundown...they are serious...the point is, its just not safe for Americans anymore unless youre in a resort town. But digression...you cant send casino chips to other countries and get money for them. Its all about laundering and the USA keeping track of all money transactions

So I the end the government just wants to keep track of the transaction and needs to make sure they get there cut. The volitility of BITCOIN is what they don't trust?


They just want their cut, and yes they like to keep track of all money spent and moved...thats why an transaction over 10k has to be reported no matter what.
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June 30, 2014, 07:11:17 PM
 #26

Best Bitcoin ATM  in Canada...
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June 30, 2014, 09:11:53 PM
 #27

So I am slightly confused on how they work.  Are you able to purchase bitcoins through these and sell them depending on what the rate is?  I mean couldn't you just keep buying/selling when it raises/lowers? 

Anyone got a good basic article about these or quick answers?
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June 30, 2014, 11:53:52 PM
 #28

Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice. 

California is a good idea because Governor Jerry Brown just signed a low that makes bitcoin and other cryptocurrencies legal! There are a few bitcoin ATMs in Los Angeles, California but it's a big state.

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July 01, 2014, 05:00:05 AM
 #29

Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice. 

There are HUGE regulation hurtles in the US...not really worth it unless you have a few hundred thousand lying around. As you need a license for each state and they are all different. about 1.5-2 million for all 48 states
IMO regulations in the US are vastly slowing the pace of bitcoin adoption then we would otherwise have

This spot for rent.
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July 01, 2014, 07:59:10 AM
 #30

Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice. 

There are HUGE regulation hurtles in the US...not really worth it unless you have a few hundred thousand lying around. As you need a license for each state and they are all different. about 1.5-2 million for all 48 states
IMO regulations in the US are vastly slowing the pace of bitcoin adoption then we would otherwise have

Not just slowing down bitcoin adaption. Innovation is leaving US and going elsewhere.
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July 01, 2014, 08:12:38 AM
Last edit: July 01, 2014, 09:29:29 AM by tinof
 #31

Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice.  

There are HUGE regulation hurtles in the US...not really worth it unless you have a few hundred thousand lying around. As you need a license for each state and they are all different. about 1.5-2 million for all 48 states
IMO regulations in the US are vastly slowing the pace of bitcoin adoption then we would otherwise have

Not just slowing down bitcoin adaption. Innovation is leaving US and going elsewhere.

Sad to see even high tech semi conductor manufacturing is done elsewhere now. Just a matter of time before the rest of the world catch up with drone and military application.




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July 01, 2014, 08:34:52 AM
 #32

I heard of it before, and I'm looking forward to using it.
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July 01, 2014, 08:27:07 PM
 #33

HTC atms usually charge steep fees and require fingerprints/photo ID. I don't see why people would want to use them unless you urgently need to sell BTC. Most of them are only for buying BTC though.

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July 02, 2014, 04:24:51 AM
 #34

HTC atms usually charge steep fees and require fingerprints/photo ID. I don't see why people would want to use them unless you urgently need to sell BTC. Most of them are only for buying BTC though.

These ATM usually target 1st time buyer. And there are still a lot of potential 1st time buyer in many cities.

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July 02, 2014, 05:39:22 AM
 #35

Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice. 

There are HUGE regulation hurtles in the US...not really worth it unless you have a few hundred thousand lying around. As you need a license for each state and they are all different. about 1.5-2 million for all 48 states
IMO regulations in the US are vastly slowing the pace of bitcoin adoption then we would otherwise have

Not just slowing down bitcoin adaption. Innovation is leaving US and going elsewhere.
As long as overall worldwide bitcoin adoption goes up I do not have a problem with this.

This is however a concern on an US economic and national security level

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July 02, 2014, 07:07:54 AM
 #36

Vancouver ATM has been the outlier in volume. Massive success combo being first, media hype, huge chinese community, etc.

Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.

I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.
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July 02, 2014, 07:55:40 AM
 #37

Vancouver ATM has been the outlier in volume. Massive success combo being first, media hype, huge chinese community, etc.

Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.

I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.

Didn't know they have a Chinese community in Vancouver. Why are the Chinese paying premium to buy bitcoin?
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July 02, 2014, 08:52:13 AM
 #38

Vancouver ATM has been the outlier in volume. Massive success combo being first, media hype, huge chinese community, etc.

Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.

I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.

Didn't know they have a Chinese community in Vancouver. Why are the Chinese paying premium to buy bitcoin?

Capital controls back in mainland China make it difficult to get money out. Well know that many wealthy chinese buy 2nd houses (often sending wife and children) in Vancouver so that if shit hits the fan (gov decides to confiscate their assets) they flee. If you look at run up last november much of the volume was coming from China after state TV ran a special on bitcoin.
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July 03, 2014, 01:06:01 AM
 #39

we need atleast 1 bitcoin atm in every state in the united states!
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July 03, 2014, 02:26:44 AM
 #40

Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice. 

If you can get through state wide regulations it would be a good idea to get them spread around
Try a bitaccess or skyhook perhaps if your looking for a model lamassu are great as well and they have good support.

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