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Author Topic: If it is more convenient for people to buy Bitcoin, will Bitcoin be more popular  (Read 561 times)
just_Alice
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July 24, 2021, 06:06:09 PM
 #41

Imo ATMs are something last century. Why use them with high fees, while everything can be done online with a PC or mobile phone? Faster and cheaper.

Also, attacks on people trying to withdraw from ATMs are not uncommon, and it is known that many criminals have this association that people who own cryptocurrency are rich, so separate crypto ATMs will be like a special label for them.

And the last but not least, ATMs all have built-in cameras, so that kind of spoils the whole anonymity feature.
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July 31, 2021, 07:17:21 AM
 #42

If transaction fees are low, no more data is needed, and the process is fast and smooth, more people will choose to buy Bitcoin.
When people realize that holding Bitcoin is more valuable than cash, and people are more willing to buy and use Bitcoin, it definitely gives us freedom in all areas and can bring us profits.
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July 31, 2021, 07:36:34 AM
 #43


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 so but for me, I don't know how these Bitcoin ATMs work so say for someone that doesn't have Bitcoin before and wants to buy from one of these Bitcoin ATMs, would they automatically have a Bitcoin wallet created for them with their password or Keys? all those things that are linked to your Crypto wallets? or you must have had a wallet that your Bitcoin can be sent to after Purchase?
I believe that it is a good way of creating the necessary awareness for Bitcoin and agree with @Liamttw on this
If transaction fees are low, no more data is needed, and the process is fast and smooth, more people will choose to buy Bitcoin.
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July 31, 2021, 08:05:04 AM
 #44

It should be very popular, but I am still not used to paying with Bitcoin. To be honest, because Bitcoin is valuable, I still choose to continue to hold Bitcoin. If it is a daily payment, I think fiat currency is fine. It is more convenient to use Bitcoin for large transactions.
But in fact, what I want to ask is, if people buy bitcoin with fiat currency and then use bitcoin to buy things, why not buy things directly with fiat currency? Is there any discount?
Kong Hey Pakboy
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July 31, 2021, 11:30:59 AM
 #45

Of course there's more people that will buy and use bitcoin if it's more convenient than what it currently is, it's not like everyone has the technical knowledge to access and use bitcoin as it is because we always have to assume that our clients are much dumber than average.

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July 31, 2021, 01:11:23 PM
 #46


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

If bitcoin will be opened publicly, there's no ways for us to be curious in the first place because it eventually became the norm elsewhere. Once people find it more convenient to buy and own bitcoin as their most precious gem, then popularity kepts getting higher everyday. Talking about ATM machines that uses bitcoin withdrawal transaction, I guess it slowly providing awareness to every person who's still need education about virtual currency.

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Dhoe
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July 31, 2021, 01:34:58 PM
 #47

if people are comfortable buying bitcoin, will bitcoin be more popular?? maybe it can be said to be more popular, because all people can hold bitcoin, but if bitcoin is easy to trade, most likely the price will decrease, because it is easy to get anywhere, but it would be nice for now we make bitcoin as an asset, and big transaction, if fiat currency is very good we use it to spend our money everyday..
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July 31, 2021, 02:35:06 PM
 #48

ATMs aren't necessarily more convenient than online exchanges. For one, they have high fees which, from what I've heard, can exceed 10%. Moreover, it means dealing with money on the street, so there's a risk of being robbed. Plus, if an ATM asks for some info you don't want to give, it will be harder to stop in the middle of the process of your card might be "chewed" by it. As for the more general question of convenience making it more popular, I think it's true. So its good when more options are available, it's just that I'm not sure ATMs are what we need.

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August 01, 2021, 10:10:17 AM
 #49

The access for buying and selling at present is quite user friendly, but the same looks like a hard thing for people who doesn't have much knowledge using a computer. With the increase in the usage of smartphones, people have gained knowledge about the usage of wallets. This jas made a small group of people use cryptocurrencies with ease.

If bitcoin had access to be felt same as the paper money then bitcoin might be more popular than the present.

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August 01, 2021, 01:21:14 PM
 #50

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.

Most of the countries don't require KYC, if the amount involved is small, like $100 or $200. A lot of Bitcoin ATMs operate in countries such as US and Canada, and they never ask for KYC information unless the amount involved is higher than a certain threshold. Even the mainstream exchanges don't ask for detailed KYC, if your daily volumes are low. I don't have an account with Binance, but they will only ask for Basic Account Verification, if your daily withdrawal volume is less than $2,000 (please correct me if I am wrong).
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August 01, 2021, 01:33:46 PM
 #51

yes maybe with the circle that more and more people are buying bitcoin this will actually make it very easy for the crypto world to be growing so rapidly and we really understand if many people will buy as many bitcoins as possible this will become more popular for the bitcoin world for the future. will come

I believe that since the pandemic, bitcoin has become more popular than it was a few years ago because people are more interested in making money now because of the pandemic, and the bitcoin price is also massive, making anyone wealthy, so people are curious about how to obtain one. We will greatly benefit from this, especially as the price rises. I'm just amazed at how popular Bitcoin has become these days; most people are now transistioning to the internet, and many people are familiar with cryptocurrency.
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August 01, 2021, 04:27:38 PM
 #52

it's true as you said comrade, if only bitcoin was easy to use like fiat banknotes, most likely bitcoin would be more popular than now, even though bitcoin is still difficult for us to learn but now it can be said that there are many people who play in bitcoin, in when the pandemic hit the world, most people lost their jobs, that's where people started to turn to bitcoin, and try to learn bitcoin, and try to make money by playing in bitcoin.. although it's difficult but many people are familiar with bitcoin,

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August 01, 2021, 09:59:03 PM
 #53

Convenience definitely plays a huge role in the opinion of people towards bitcoin. A huge number of the populace are well aware of bitcoin's existence courtesy of social media and various news outlets that give out updates regarding said cryptocurrency, but only a small handful are able to invest because of the fact that not everyone is knowledgeable in the manner of bitcoin acquisition, while some just don't think that bitcoin isn't just worth the extensive, and expensive process of acquiring it. Still, in the following years we expect bitcoin to become more accessible to the common Joe, so we could see a greater increase in the volume of investors and supporters.
it's true as you said comrade, if only bitcoin was easy to use like fiat banknotes, most likely bitcoin would be more popular than now, even though bitcoin is still difficult for us to learn but now it can be said that there are many people who play in bitcoin, in when the pandemic hit the world, most people lost their jobs, that's where people started to turn to bitcoin, and try to learn bitcoin, and try to make money by playing in bitcoin.. although it's difficult but many people are familiar with bitcoin,
Fiat banknote literally took hundreds of years to become adopted, as technology and the human intelligence progresses, we may not need to wait that long to see bitcoin taking over the monetary scene. Just needs a catalyst that will spark people's interest towards bitcoin, and a much more accessible manner of acquisition for bitcoin.

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August 01, 2021, 10:12:34 PM
 #54

If it is more convenient for people to buy Bitcoin, will Bitcoin be more popular?
Bitcoin has been popular in the world.
If this is so, of course, it will be more and more popular, not only popular but also more trusted and used by many more people in the world.

If you don’t know Bitcoin, and you see this ATM when you go to buy bread, do you buy Bitcoin with change?
I will only buy what I know. If at that time I don't know about Bitcoin,I will not buy it for change except the only way buying is only by Bitcoin. However, if there is such an ATM, I will be curious and learn at first about what is Bitcoin.

If you didn't buy it this time, when you saw these ATMs elsewhere, would you be curious to buy some?
Never force to buy something that you don't know yet. It is better to be curious and then learn it first.

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August 01, 2021, 10:16:40 PM
 #55

Currently the development of btc is indeed good. Many people are interested in it but they haven't dared to enter into it for some reason. Some of the reasons that I catch from people who have not dared to join is that they are afraid of losing, because apart from hearing about the benefits of BTC, they also hear that many people have suffered losses due to several things. I mean, investing in btc is an option and it takes awareness and maturity to invest in it. If you are not sure and in doubt then it will only eliminate our assets. That is why btc investment is not an arbitrary investment that can be done anywhere and anytime by ordinary people because not everyone knows about it and not everyone has a mature thought except for people who are already familiar with the crypto world.

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August 01, 2021, 10:42:27 PM
 #56

Currently the development of btc is indeed good. Many people are interested in it but they haven't dared to enter into it for some reason. Some of the reasons that I catch from people who have not dared to join is that they are afraid of losing, because apart from hearing about the benefits of BTC, they also hear that many people have suffered losses due to several things. I mean, investing in btc is an option and it takes awareness and maturity to invest in it. If you are not sure and in doubt then it will only eliminate our assets. That is why btc investment is not an arbitrary investment that can be done anywhere and anytime by ordinary people because not everyone knows about it and not everyone has a mature thought except for people who are already familiar with the crypto world.
If they will just listen to the negative hearsays made by social media influencers and badly consider this as true happenings inside, definitely, they will also think negatively and have no interest in Bitcoin. But if you are just an open-minded person and to set aside that negativity but rather to know more about Bitcoin, there is a chance to understand clearly what this is really about and what is the truth.

However, even we have this slow market adoption, I'm still believing that Bitcoin will continue to grow and the mindset of the people around will change. In fact, the market growth of Bitcoin and its popularity is increasing and this is an indication that it certainly be growing.

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August 01, 2021, 11:23:01 PM
Merited by Tim-BTC (1)
 #57

~
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.
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August 01, 2021, 11:59:22 PM
 #58

~
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.

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August 02, 2021, 01:24:34 AM
 #59

if you are comfortable buying bitcoin, it is certain that bitcoin will be more popular, because if it is easy to buy and sell it is certain that more and more people will hold bitcoin, but we often see it, when it is popular, the price will go down, if bitcoin like now is still a commodity rare, certainly bitcoin still has a high value..

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August 02, 2021, 06:25:34 AM
Merited by Tim-BTC (1)
 #60

If it is convenient to use Bitcoin, I will use Bitcoin (the transaction fee is relatively low and there will be no congestion). However, the popularity of Bitcoin is far from enough. There are still many people who don’t know Bitcoin or how to use Bitcoin. And many places do not allow Bitcoin to be used.
If Bitcoin becomes a global daily payment method, there are still many problems that need to be overcome.
If the usage rate of Bitcoin increases, then Bitcoin will become more and more popular. If it is easy for people to hold and spend Bitcoin, then the price of Bitcoin will also become lower and lower.
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