If it is more convenient for people to buy Bitcoin, will Bitcoin be more popular

[Tim-BTC]

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?

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[kxwhalexk]

1.Bitcoin or ETH Dapp is accepted by some major countries, and uses Bitcoin as legal currency.Just as the Internet took decades to create killer applications, so will blockchain applications.

2.There are more convenient channels for investors to influx，Whether it is a complex exchange or a cumbersome private key storage, these are obviously not easy for novices to enter the encryption field.

3.People lose trust in traditional investments，Just like the previous robinhood, it disappointed the players of traditional finance.

4.Bitcoin's next halving

I thought about how to reach another ATH.

One point I considered before is that if the way to trade Bitcoin is more convenient and easier to be accepted by ordinary people, then the price of Bitcoin will reach new heights.

[hugeblack]

It will be appropriate if the fees are low, no more data is required and fast & smooth process.
I expect that more people will buy Bitcoin because social media and TV channels are talking positively about this technology instead of linking it to the dark internet and drug dealers.

In general, the situation will not be so bad, with high inflation and low levels of interest. Many people may not prefer to keep cash.

[Tim-BTC]

1.Bitcoin or ETH Dapp is accepted by some major countries, and uses Bitcoin as legal currency.Just as the Internet took decades to create killer applications, so will blockchain applications.

2.There are more convenient channels for investors to influx，Whether it is a complex exchange or a cumbersome private key storage, these are obviously not easy for novices to enter the encryption field.

3.People lose trust in traditional investments，Just like the previous robinhood, it disappointed the players of traditional finance.

4.Bitcoin's next halving

I thought about how to reach another ATH.

One point I considered before is that if the way to trade Bitcoin is more convenient and easier to be accepted by ordinary people, then the price of Bitcoin will reach new heights.

It will take a long time for people to generally accept Bitcoin.
If you don't accumulate steps, you can't reach a thousand miles.

[Kimberl2020]

It will be appropriate if the fees are low, no more data is required and fast & smooth process.
I expect that more people will buy Bitcoin because social media and TV channels are talking positively about this technology instead of linking it to the dark internet and drug dealers.

In general, the situation will not be so bad, with high inflation and low levels of interest. Many people may not prefer to keep cash.

Glad you shared your views. I agree with you. The problems of transaction congestion and high handling fees need to be resolved as much as possible.

In addition, if people realize that holding Bitcoin is more valuable than cash, that would be a big improvement.The problem is that people haven't realized it yet.

[Slow death]

If it is more convenient for people to buy Bitcoin, will Bitcoin be more popular?

days ago i took $200 from my bank account to buy bitcoin, unbelievable that after i went through a long process to buy i finally bought bitcoin and guess how much bitcoin i got? I received the equivalent of $155 in bitcoin, it is not easy to buy bitcoin when you live in a country where the official currency is not US dollars and these hidden fees are a big headache, I was counting on at least I could have it. $180 in bitcoin, but I was only able to receive $155 in bitcoin

It will be appropriate if the fees are low, no more data is required and fast & smooth process.

I wonder if there will ever be a day when rates will be low, maybe that day won't come, the trend Is fees will be high

[NeuroticFish]

If you didn't buy it this time, when you saw these ATMs elsewhere, would you be curious to buy some?

This question doesn't really make sense on a bitcoin forum, isn't it?

If it is more convenient for people to buy Bitcoin, will Bitcoin be more popular?

Maybe, but not much.
There's a problem with lack of legislation in many countries for bitcoin.
There's a problem with banks and central banks being wary and issuing warnings about bitcoin (or even ban it in certain countries).
There's a problem with influential people telling that bitcoin is bad.
There's a problem with the big variations in bitcoin price, making it not suitable for everybody to invest.

If you don’t know Bitcoin, and you see this ATM when you go to buy bread, do you buy Bitcoin with change?

You can't do that with your change. Exchange fees, withdrawal fees, ... they're too big and you will end up with nothing. So this use case is not feasible.

[Tim-BTC]

days ago i took $200 from my bank account to buy bitcoin, unbelievable that after i went through a long process to buy i finally bought bitcoin and guess how much bitcoin i got? I received the equivalent of $155 in bitcoin, it is not easy to buy bitcoin when you live in a country where the official currency is not US dollars and these hidden fees are a big headache, I was counting on at least I could have it. $180 in bitcoin, but I was only able to receive $155 in bitcoin

The reasons may be as follows:
1.Exchange losses.You convert your fiat currency into usdt, and then convert it into Bitcoin. There will be a loss due to the exchange rate in the middle.
2.Order price vs transaction price.The transaction price will be slightly higher than your transaction price.
3.When you buy, the price of Bitcoin drops.

[Darker45]

If it is more convenient for people to buy Bitcoin, will Bitcoin be more popular?

Yes, I think so. One of the most common questions I've encountered from people who have yet to buy Bitcoin is where could it be bought. They have heard about Bitcoin, understood a little of what it is, but failed to get access to it. If only there were accessible ATMs and other more convenient options to buy, they would have already bought.

If you don’t know Bitcoin, and you see this ATM when you go to buy bread, do you buy Bitcoin with change?

No, I won't. Why would I buy something I don't even know?

If you didn't buy it this time, when you saw these ATMs elsewhere, would you be curious to buy some?

I probably won't, but I would surely be curious as to what is being sold in there.

[rikybrosh]

I think any regulations or business model that ease people to buy bitcoin then it will make bitcoin more popular. In marketing make sure that the product is available in the market is important thing. Not only Cryptocurrency ATM but if there are department stores, restaurants, gas stations, stores,  and etc which provide bitcoin payment option for their customers then it will boost the growth of  adoption, and if it's even provide cryptocureency top up service for their customers then those companies will get more profit not only from their product but also profit from top up fee.

[mk4]

Bitcoin is already really really convenient for most people. I'd even go far as saying that downloading an app and buying bitcoin through it is significantly more convenient than going to a bitcoin ATM; at least for most people besides the older demographic.

A lot of people shunning out bitcoin is mostly due to ignorance and fear of volatility than the convenience of it.

[noorman0]

It might be popular, but it doesn't mean it will add users. Bitcoin still has problems with scalability and efficiency as a retail store payment method. So, even though Bitcoin ATMs will be scattered everywhere, do not guarantee it will be widely used. What's more, the ATM is not a personal engine. I have never used it, but I keep the worries of solid traffic suddenly when using it. You can imagine if a long queue.

[ranochigo]

The convenience isn't the most important factor. Most Bitcoin ATMs charge a premium of at least 10%, at least in my area. That is likely going to turn away any potential Bitcoin buyers, and you're subjected to KYC anyways. If you are serious about purchasing Bitcoin, you'll more likely be interested in using a proper exchange that doesn't levy such high fees. Buying a tiny amount of Bitcoins (ie. a few dollars) is practically useless given the fees.

I never really got the point of ATM, after the surge in TX fees and the price. People looking to use Bitcoin for the long term just don't use ATMs at all.

[Obito]

The convenience isn't the most important factor. Most Bitcoin ATMs charge a premium of at least 10%, at least in my area. That is likely going to turn away any potential Bitcoin buyers, and you're subjected to KYC anyways. If you are serious about purchasing Bitcoin, you'll more likely be interested in using a proper exchange that doesn't levy such high fees. Buying a tiny amount of Bitcoins (ie. a few dollars) is practically useless given the fees.

I never really got the point of ATM, after the surge in TX fees and the price. People looking to use Bitcoin for the long term just don't use ATMs at all.

Well, I think that removing or having less charge is going to be under the convenience umbrella so I think that if it's convenient to buy bitcoin, it would be more popular. I mean there's an app in my country where you can directly buy bitcoin with fiat through their apps and so far no complaints about the fees.

[pooya87]

Obviously it would help if the problems with the banking system and all the KYC nonsense went away but I don't think it would help the adoption that much. The reasons why the adoption is growing this slowly is because:
1. The FUD and misinformation about bitcoin that has misled people for many years and can not be fixed overnight.
2. The fact that bitcoin is different from traditional currency and user has to handle everything including securing their money (private keys), handling transactions and fees, etc.
3. The volatile price specifically the sudden unreasonable big drops.

[ranochigo]

Well, I think that removing or having less charge is going to be under the convenience umbrella so I think that if it's convenient to buy bitcoin, it would be more popular. I mean there's an app in my country where you can directly buy bitcoin with fiat through their apps and so far no complaints about the fees.

People won't just buy Bitcoins for $10, or anything below $100. The fees takes at least 10% of that, and transaction fees when sending to the address and from the address basically takes almost half of the Bitcoins that you've bought. Handling large amount of Bitcoins wouldn't be advisable for a Bitcoin ATM and using an actual bank account would be better. It would be fine if the ATM allows for LN or if the user absolutely needs privacy and they don't enforce KYC.

[Ararbermas]

If bitcoin become legal all over the world and can be use in different ways of withdrawal and become available as well as payment methods perhaps it will become more convenient for all people to buy bitcoin as it has big advantages to the real fiat. But unfortunately people nowadays don't see the real difference when it comes such thing because of being lack of knowledge. But surely it will happen in the future because bitcoin adaption is increasing gradually everytime it makes ATH, and in fact some countries were using it as a legal tender, so i know it will become the key to make these thing convenient to use in the future.

[aysg76]

Buying Bitcoin is not at all difficult if you wish to do so and According to me it's quite popular and becoming top most investment preference for many investors as exchanges have witnessed huge rush in transaction volume and user base.But who still think it's bad choice due to all these stupid FUD and all the manipulation find it difficult and stay away from it.But yes implanting Bitcoin ATM's at each corner would give boost to adoption but you should always take into consideration the fees and KYC because they can be a barrier to your investment.

[KaliLinux]

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

Yeah, I believe that somehow it would. People would now naturally be seeing easy access to purchasing Bitcoin around them and the fact that they just have to be able to do this just by going for groceries at the store and having access is big in my opinion even though I don't suppose that big transaction will be going on through this ATMs. Even those that don't know what it is still would be curious to know, so again for me, it is also more of Bitcoin exposure to more people that's a plus with the ATMs.     

[davis196]

How can an ATM machine allow "face-to-face transactions"?
What about KYC policies?I don't think that the authorities would allow people to purchase Bitcoin thru ATM machines without ID verification.
The Bitcoin price would've been way higher,if Bitcoin purchases were easy and convenient.There's no doubt about that.The problem is that Bitcoin purchases will never be easy,cheap and convenient.