Bitcoin Forum
May 20, 2024, 11:30:54 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: If it is more convenient for people to buy Bitcoin, will Bitcoin be more popular  (Read 520 times)
Tim-BTC (OP)
Member
**
Offline Offline

Activity: 84
Merit: 18


View Profile
August 02, 2021, 06:56:18 AM
 #61

~
If it is more convenient for people to buy Bitcoin, will Bitcoin be more popular?
If you don’t know Bitcoin, and you see this ATM when you go to buy bread, do you buy Bitcoin with change?
If you didn't buy it this time, when you saw these ATMs elsewhere, would you be curious to buy some?
If it is convenient then people will be using ATM, i am in the cryptocurrency market for a very long time and i will not go to an ATM to get my coins because the charges are crazy high and there are much cheaper alternatives to get the coins and if you have those alternatives why would you step out spend more money when i can get the same amount of coins using exchanges.

Suppose i am trying to purchase Bitcoin through ATM for the first time and once you see the charges you will not think about getting them again either.

I am like you who think that ATMs provide quite high transaction fees, so I prefer to use exchanges. After all, buying Bitcoin through exchanges is
easier for me, because I can do it on a smartphone that I use often. Meanwhile, if we want to use an ATM we need to step out of the house or even
the location of the ATM is far from where we live. So for me it is most convenient and effective to make Bitcoin transactions on exchanges compared
to using ATMs.

Now more is the role of advertising. Anyway, I think this is a good way of publicity.
bakasabo
Legendary
*
Offline Offline

Activity: 2324
Merit: 1183



View Profile
August 02, 2021, 07:04:38 AM
 #62

I dont think that convenience is the main factor why people buy Bitcoin, how ever, it is on rather high positions. It is convenient to buy Bitcoin using ATMs or with a single tap from mobile app, however, people still think 2-3 times before they buy.

I think that the only factor that makes Bitcoin popular is "quick and easy" profit. Because people still see only this behind the word Bitcoin, but they dont care about the technology or possibilities it provides.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT
  CRYPTO   
FUTURES
 1,000x 
LEVERAGE
COMPETITIVE
    FEES    
 INSTANT 
EXECUTION
.
   TRADE NOW   
raisajahan
Jr. Member
*
Offline Offline

Activity: 152
Merit: 1


View Profile
August 02, 2021, 07:15:27 AM
 #63

Crypto currency is one of the best and new innovation in the world. Bitcoin is the pioneer of this invention so people who have the knowledge about crypto currency market i think they have the better knowledge about bitcoin. There are more people are involving day by day in the crypto currency world so who have the money for hold they are trying to buy and hold bitcoin. So i think if it is more convenient to buy bitcoin then people will be mostly attracted to buy bitcoin then price of bitcoin will grow and will be more popular.

─────     RangersProtocol.com     ─────
████  ███  ██  █          VIRTUAL WORLDS BLOCKCHAIN INFRASTRUCTURE          █  ██  ███  ████
jinneas
Member
**
Offline Offline

Activity: 116
Merit: 23


View Profile
August 02, 2021, 09:20:45 AM
 #64

If it is convenient and allowed to buy Bitcoin, the transaction fee is low and the transaction is fast, it will be very popular. As more and more people enter the crypto market, buying cryptocurrencies such as Bitcoin will make it very easy for the crypto world to grow so fast.
It is the legal currency transfer and withdrawal of cash that need to go to the ATM for operation, and Bitcoin can be traded through the network, which is very convenient and safe. As people's consensus strengthens and demand increases, and Bitcoin usage increases, it will become more and more popular.

Vishnu.Reang
Sr. Member
****
Offline Offline

Activity: 1974
Merit: 453



View Profile WWW
August 02, 2021, 09:41:30 AM
 #65

When I purchased Bitcoin for the first time (January 2017), it was extremely difficult to do that. None of the mainstream exchanges would accept fiat deposits from my country. After a few days searching about it, I was finally able to purchase BTC using one of the P2P platforms. But times have changed. Now there are multiple cryptocurrency exchanges that are based in my country and it is quite easy to link the bank accounts and make direct purchases. And even in P2P platforms, the number of traders have increased by a lot.
7788bitcoin
Legendary
*
Offline Offline

Activity: 2282
Merit: 1023


View Profile
August 02, 2021, 09:48:12 AM
 #66

I dont think that convenience is the main factor why people buy Bitcoin, how ever, it is on rather high positions. It is convenient to buy Bitcoin using ATMs or with a single tap from mobile app, however, people still think 2-3 times before they buy.
No one who is already in the cryptocurrency market will use an ATM unless you want to safe guard your privacy while holding the coin as you can purchase the coin without any KYC for a limited amount and you can do that process multiple times but the fees are higher while using them than using a regular exchange.

I think that the only factor that makes Bitcoin popular is "quick and easy" profit. Because people still see only this behind the word Bitcoin, but they dont care about the technology or possibilities it provides.
Majority are here to make profits in a short period of time hoarding the coins rather than using it as a payment method, i still use them to purchase anything online because i am not confident to use my credit card to purchase online and hence Bitcoin is a good alternative.
goldade
Full Member
***
Offline Offline

Activity: 896
Merit: 104


The Standard Protocol - Solving Inflation


View Profile
August 02, 2021, 09:58:10 AM
 #67


Cryptocurrency ATM company Bitcoin Depot has announced a long-term partnership with Circle K, a convenience store chain in the United States and Canada.
 Bitcoin Depot plans to install ATMs in "thousands" of Circle K convenience stores. Bitcoin Depot stated that its ATM machines enable users to exchange cash for cryptocurrency, allowing simple face-to-face transactions, giving users immediate access to Bitcoin and more than 30 other cryptocurrencies.
Bitcoin Depot has installed more than 700 Bitcoin ATMs in 30 states in the United States and Canada.

If it is more convenient for people to buy Bitcoin, will Bitcoin be more popular?
If you don’t know Bitcoin, and you see this ATM when you go to buy bread, do you buy Bitcoin with change?
If you didn't buy it this time, when you saw these ATMs elsewhere, would you be curious to buy some?

source

Yes, I strongly believe that if it is made more convenient for people to buy bitcoin, it will greatly affect the adoption the bitcoin in the mainstream world and ultimately affects the price.
One of the ways for this to happen would be that transaction fees are made low and super affordable.  Another way would be that one can buy bitcoin at almost anywhere which is why I greatly anticipate the move by Germany to make banks use and sell bitcoin. It would make adoption of bitcoin skyrocket in the mainstream world.

bakasabo
Legendary
*
Offline Offline

Activity: 2324
Merit: 1183



View Profile
August 03, 2021, 06:34:20 AM
 #68

I dont think that convenience is the main factor why people buy Bitcoin, how ever, it is on rather high positions. It is convenient to buy Bitcoin using ATMs or with a single tap from mobile app, however, people still think 2-3 times before they buy.
No one who is already in the cryptocurrency market will use an ATM unless you want to safe guard your privacy while holding the coin as you can purchase the coin without any KYC for a limited amount and you can do that process multiple times but the fees are higher while using them than using a regular exchange.

Not all ATMs allow to make purchases without KYC. There are some that ask to enter your mobile number, and then a code that you will get as an sms. Such ATM owners have user data bases and can easily match a buyer with a mobile operator. And then it is a piece of cake to find a person in IRL.

But you are right about high fees. They kill or the necessity to use ATM. For me Bitcoin ATMs are like expensive billboards with an option to buy the product immediately.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT
  CRYPTO   
FUTURES
 1,000x 
LEVERAGE
COMPETITIVE
    FEES    
 INSTANT 
EXECUTION
.
   TRADE NOW   
ivankoh
Full Member
***
Offline Offline

Activity: 1428
Merit: 120


Sugars.zone | DatingFi - Earn for Posting


View Profile
August 03, 2021, 02:24:33 PM
 #69

If it is more convenient for people to buy Bitcoin, will Bitcoin be more popular?
If you don’t know Bitcoin, and you see this ATM when you go to buy bread, do you buy Bitcoin with change?
If you didn't buy it this time, when you saw these ATMs elsewhere, would you be curious to buy some?
I'm sure if ATMs were allowed to be used in public areas, gas stations, airports, etc., it would become more common.  Like billboards, bitcoin ATMs will create curiosity, learn and start trying to use, buy and sell bitcoin through those stations. 
Although, not every country is licensed and accepted to do that.  The US remains the largest provider of bitcoin ATMs.  If my country has ATM support for bitcoin, I will definitely try a small sample.  Lol

pealr12
Hero Member
*****
Offline Offline

Activity: 1946
Merit: 502


View Profile
August 03, 2021, 03:23:37 PM
 #70

I believe it would have, imagine being able to buy btc in any online or offline store or buy items with btc in every offline store and other service places, btc will be more popular than it already has, even right now with all the many limitations and restrictons btc still manage to strive hard, became popular in the midst of all odds, manage to attract the interest of many people, btc will definately be more popular.
mrongoz22
Sr. Member
****
Offline Offline

Activity: 518
Merit: 250


LIVECASINO


View Profile
August 03, 2021, 03:43:51 PM
 #71

if people are more comfortable buying bitcoin, is bitcoin more popular,,, most likely yes, because basically bitcoin is difficult to get, the government also forbids us to use bitcoin, in fact until now our movement is limited by the government, the government makes it difficult for us, to invest in bitcoin..

LIVECASINO
Macadonian
Sr. Member
****
Offline Offline

Activity: 467
Merit: 578


View Profile
August 03, 2021, 03:50:34 PM
 #72

100% yes Bitcoin is difficult to purchase because at the moment you are required to give KYC which stops people from buying because people do not want to give their personal information to use Bitcoin and with Bitcoin not being anonymous but pseudonymous in the future governments could ask the exchanges to release the KYC and identify every address on the blockchain that has been used with a exchange. 
Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!