Category Archives: Bitcoin investment

Bitcoin Depot ATM

Dollar Cost Averaging Investment in Bitcoin

Since launch of Bitcoin in 2009 cryptocurrencies gain more and more traction every year. Many people hear and research cryptocurrencies when next boom happens and price grows rapidly. Significant number of people already hold cryptocurrencies, even more plan to hold in the future.

Disclaimer: This article is not a financial advice to invest in cryptocurrencies. Reader needs to conduct own research before purchasing any amount of cryptocurrencies and understand the risks associated with it.

Dutch Bank ING conducted a survey in March-Arpil 2018 (~15K respondents) and provided interesting statistics (click to enlarge):

ING research cryptocurrency traction
ING International Survey Mobile Banking — Cryptocurrency / June 2018

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Investing in bitcoin via bitcoin machines (part 2)

In the previous post we discussed why bitcoin ATMs might be useful for investing in bitcoin and also what are the characteristics of bitcoin that make it valuable. In this post we look at potential reasons why bitcoin price might increase in the future and also what kind of investing strategy can be chosen.

Bitcoin investment strategy

Why bitcoin price might increase

There are many factors why bitcoin price is undervalued today:

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How to invest in bitcoin using ATMs (part 1)

With quick expansion of bitcoin machines locations, they become more and more available to general public. One of the bitcoin ATM use-cases is investing in bitcoin.

George Osborne uses bitcoin ATM
George Osborne uses bitcoin ATM when the BTC price was about $580 (Aug 2014)

In this part we discuss advantages of bitcoin ATMs and also reasons why bitcoin has value and worth investment.

Advantages of bitcoin machines

The clear advantage of using a bitcoin ATM vs. online exchanges is verification time (exchanges usually take longer, when you register for the first time). Another advantage of bitcoin machines is ability to purchase BTC much more easily and quickly as you deal with cash exchanged to bitcoins (immediately), comparing to sending a wire transfer to exchange first and then waiting for it to get received and credited to your exchange account before you can trade.

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