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Author Topic: Does Bitcoin really need an ATM?  (Read 6249 times)
mharz
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June 12, 2017, 08:59:20 AM
 #61

Yes, I think so because if that bitcoin have a own ATM it was easy to the users to exchange their bitcoin into the cash. However, it's better to study first if how many person use bitcoin in 1 community because if they can't think that big lost were happen into bitcoin community.
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SimmonenY
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June 12, 2017, 09:16:10 AM
 #62

In some countries there is no way to pay with bitcoin so people nee cash.
CarnagexD
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June 12, 2017, 09:47:54 AM
 #63

A lot of people need cash for various reasons. If they can get cash for bitcoin easily they'll hold more coin and be more likely to be willing to work or sell for it.
Yes it is more interesting if we can get cash for bitcoin easily. If this happen i will work hard to earn more bitcoin so that I will have many cash to be used whenever I want.

bitcoin31
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June 12, 2017, 09:57:17 AM
 #64

I think no because they have exchanges site to buy and sell your bitcoin and its very easy to use. And you cannot go to place where the bitcoin atm. I think more people wants to by and sell to the routine .

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June 12, 2017, 10:56:49 AM
 #65

I've never used or needed to use a bitcoin ATM so for me personally, no I don't think bitcoin needs ATM's. The issue is for people who live in countries with restrictive or poor internet connection/availability, they will need ATM's.

mamaya
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June 12, 2017, 11:00:00 AM
 #66

It doesn't need an atm but it is a matter of convenience. The fees are terrible but its no different than buying with a visa card on an exchange using their 10% fees.

When you want something easy and fast its just convenient.
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June 12, 2017, 11:07:24 AM
 #67

I like the idea of Bitcoin ATMS, it is inviting especially for Newbies who want to get their first taste of Bitcoin without having to run around online to buy it. Many older people as well who are not that tech savvy or internet friendly, can benefit greatly from Bitcoin ATM machines that's for sure.


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June 12, 2017, 11:11:25 AM
 #68

Having ATMs for bitcoin sure sounds like a good idea, it would make buying/making transactions more accessible worldwide.
I'm not sure how feasible is that, and if it would be a wise thing to do as of now
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June 12, 2017, 11:14:49 AM
 #69

Having ATMs for bitcoin sure sounds like a good idea, it would make buying/making transactions more accessible worldwide.
I'm not sure how feasible is that, and if it would be a wise thing to do as of now
Bitcoin not have a physical money that we can withdraw at the moment, i think atm is not yet ideal for now. Much better to make a wallet which we can buy and withdraw bitcoin with low fees., But i heard that here in my country has installed atm but i do not try that machine and i do not know where it is installed.
Gens09
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June 12, 2017, 11:17:25 AM
 #70

A lot of people need cash for various reasons. If they can get cash for bitcoin easily they'll hold more coin and be more likely to be willing to work or sell for it.
I guess yes today we cant use bitcoin as a currency even it is a cryptoccurrency but it is not fully accepted in the community you cant buy things and food using bitcoin today but maybe there are some store who started accepting it but not in all but cash or a physical money is accepted so we really need a bitcoin atm today because we need cash to exchange bitcoin but i guess when bitcoin is accepted everywhere we dont need bitcoin atm anymore.
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June 12, 2017, 11:21:54 AM
 #71

Having ATMs for bitcoin sure sounds like a good idea, it would make buying/making transactions more accessible worldwide.
I'm not sure how feasible is that, and if it would be a wise thing to do as of now

These ATM machines are like an advertisement to bitcoin, we can introduce them to bitcoin and make them use it. It may be not that much but we can just tell them it is a great asset. But with these, we can have an access to bitcoin no matter where we go with these ATMs, though in our country, we still don't have one.

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sotoshihero
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June 12, 2017, 11:31:22 AM
 #72

IMHO not really, but due to the absence of more outlet accepting bitcoin, it is necessary to have ATM where we can withdraw in fiat and use to transact on traditional store. I am seeing in the future that  there are more bitcoin terminal sprouting anywhere where we can use our mobile phone to pay with bitcoin.

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bitbob82
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June 12, 2017, 12:48:44 PM
 #73

I like the idea of Bitcoin ATMS, it is inviting especially for Newbies who want to get their first taste of Bitcoin without having to run around online to buy it. Many older people as well who are not that tech savvy or internet friendly, can benefit greatly from Bitcoin ATM machines that's for sure.
but i am not in favour of bitcoin ATM, for bitcoin ATM you have to visit some selected place and proceed your money there. i think the online wallet system is the best and i think we need to make it more secure and convenient to use it from anywhere and any time.
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June 12, 2017, 01:47:27 PM
 #74

No bitcoin does not really need an ATM, because bitcoin is an electronic money and like ATM bitcoin is electronic. But if there would be opportunities for bitcoin to have a card it is better fro the fast transaction of bitcoin, but it is not so needed but if necessary it can be. Bitcoin is such a money that is similar to ATM money.
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June 12, 2017, 01:51:21 PM
 #75

Having ATMs for bitcoin sure sounds like a good idea, it would make buying/making transactions more accessible worldwide.
I'm not sure how feasible is that, and if it would be a wise thing to do as of now

These ATM machines are like an advertisement to bitcoin, we can introduce them to bitcoin and make them use it. It may be not that much but we can just tell them it is a great asset. But with these, we can have an access to bitcoin no matter where we go with these ATMs, though in our country, we still don't have one.
But still, you won't be able to withdraw directly. That's why I don't really see it happening soon, would work just like an advertisement for the currency
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June 12, 2017, 02:33:07 PM
 #76

Having ATMs for bitcoin sure sounds like a good idea, it would make buying/making transactions more accessible worldwide.
I'm not sure how feasible is that, and if it would be a wise thing to do as of now

These ATM machines are like an advertisement to bitcoin, we can introduce them to bitcoin and make them use it. It may be not that much but we can just tell them it is a great asset. But with these, we can have an access to bitcoin no matter where we go with these ATMs, though in our country, we still don't have one.
But still, you won't be able to withdraw directly. That's why I don't really see it happening soon, would work just like an advertisement for the currency
what do you mean? why atm will be created if you won't withdraw directly? i'm not sure but i think there's already an open thread regarding to this atm machine not sure when and where the machine started but I'm positive that you can withdraw directly using it because what would be the purpose if not?

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June 12, 2017, 02:57:38 PM
 #77

For me yes. Bitcoin ATM will make people interest about bitcoin because they never know about it before and also bitcoin ATM is really important when bitcoin become popular someday. So they can easily cash it out or even buy bitcoin from that bitcoin ATM. There are many benefit though for bitcoin if many place have bitcoin ATM.

If bitcoin become what is supposed to do why use an ATM?
Why even bother using fiat at that point.
I like the idea of Bitcoin ATMS, it is inviting especially for Newbies who want to get their first taste of Bitcoin without having to run around online to buy it. Many older people as well who are not that tech savvy or internet friendly, can benefit greatly from Bitcoin ATM machines that's for sure.


Yeah  they will get a first taste at a 10% fee from some greedy bastards.
Nice way to get into bitcoin , getting ripped right at the start.

In some countries there is no way to pay with bitcoin so people nee cash.

And BTCatms don't solve the problem just add another intermediary to the problem increasing the costs.



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June 12, 2017, 03:05:10 PM
 #78

In my opinion Bitcoin does not need an ATM, we can already cash out Bitcoin anytime so what is the use of ATM. We can transfer Bitcoin to any remittance center or to your bank account. Also if ever there will be a Bitcoin ATM it will be another expense to avail it.
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June 12, 2017, 03:05:46 PM
 #79

Having ATMs for bitcoin sure sounds like a good idea, it would make buying/making transactions more accessible worldwide.
I'm not sure how feasible is that, and if it would be a wise thing to do as of now

Yes, it really is a good idea, however, it still can not perform, it really is not feasible with the current bitcoin situation. For ATM, it is known as a device that performs transactions in several wires, whereas bitcoin trading takes about 15 minutes to complete the transaction.
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June 12, 2017, 03:09:14 PM
 #80

If Bitcoin users just cared about BTC and not about other currencies, there was no need of an ATM. Too bad most Bitcoin users seem to prefer old fiat money...
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