Bitcoin Depot ATM

Bitcoin ATM Market Dynamics November 2019

In November the price of Bitcoin decreased. The month started with a price of $9,147 and continued to fall approaching the end of the month when it experienced a brief rise. November ended with the price of $7,657 which is a 16.3% decrease compared to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate, unlike the change in price of Bitcoin.

Period Start: 5814, Period End: 6061
Opened: 345, Closed: 98, Net Growth: + 247 (4.2%)

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Bitcoin ATM’s Profits and Cost Breakdown

In this video, you will hear Adam from BC Systems talking about what profits you can expect, as well as the cost options and operating your very own Bitcoin ATM Company.

He divided his presentation into four parts: Location, Cost, Marketing and Fees.

Location

Location is probably the most important part of the planning and operating your Bitcoin ATM Company. Of course, there are different variables when it comes to choosing a location like foot traffic, competition, and potential fees. In his experience shopping malls are the most successful locations for a couple of reasons.

First of all their working hours. They are usually open from 8 A.M. to 9 P.M. and they also tend to work on holidays, so the overall availability of the machines is going to be excellent.

Secondly, shopping malls present a safe place for people. When they go to a public place, where there is a lot of crowd, they feel like they are going somewhere reputable and feel much safer than going to let’s say a liquor store or a smoke shop where there aren’t usually a lot of other people around. This is especially true for guys who are making large transactions, they always want to feel safe and comfortable carrying their money.

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Bitcoin ATM Market Dynamics October 2019

The price of Bitcoin at the beginning of October was $8,361 and experienced small fluctuations until the end of the month when firstly it decreased to $7,453 which was followed by a noticeable increase that resulted in a $9,180 price at the end of the month. This is a 9.8% increase compared to the beginning of October.

The number of new machines continued to grow at a relatively stable rate, following the price of Bitcoin.

Period Start: 5714, Period End: 5876
Opened: 348, Closed: 186, Net Growth: + 162 (2.8%)

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Interview with Daniel Polotsky, CEO of Coinflip Bitcoin ATM’s

In this interview you will hear Daniel Polotsky, the CEO of Coinflip Bitcoin ATM’s, talking about his introduction to the crypto and Bitcoin space, as well as regulations and finance.

At first, he tells an interesting story about how he got the idea to get into the crypto ATMs. Considering that in the beginning, crypto ATMs were not at all user-friendly, he had to turn to a website called LocalBitcoins and organize meetings with people so they could trade Bitcoin in person, for cash. On one of those meetings, he started talking with the person he met and after realizing that, as they put it: “if you meet too many people in a Starbucks you’re probably eventually gonna get killed“, they decided that there is no better way to trade in crypto than ATMs, and so they went for it.

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Perfect case for bitcoin ATM’s – accompany cannabis vending machines

During the recent years there was natural growth in two industries — bitcoin ATM installations reached almost 6000 as of end 2019 and cannabis industry legalization was happening steadily over time in various US states. In this article we check how the two industries fit together and factors that can be beneficial for both sides from synergy.

Bitcoin ATM for Cannabis Industry
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Bitcoin ATM Market Dynamics September 2019

September started with the price tag of $9,622 and experienced a rise in first 2 days, after which the steady decline started that culminated nearing the end of the month. September ended with the price set at $8,068 which is a 16.2% decrease when compared to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate, unlike the price of Bitcoin.

Period Start: 5490, Period End: 5705
Opened: 334, Closed: 119, Net Growth: +215 (3.9%)

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Bitcoin ATMs – Everything You Always Wanted to Know (*But Were Afraid to Ask)

In this interview Cory Capaldi, the CEO of TheCoinBros will discuss many frequently asked questions and even teach you how to avoid the most common Bitcoin ATM scams.

In the beginning, Cory is talking about how it all started and how he was the first one to introduce the Bitcoin ATM in San Joaquin County. He also talks about the plans they have for financing education as a philanthropic way to get back to the community. He also mentions some super-secret plans for the future, but he couldn’t say too much about it… we’ll see if they turn out as they planned.

Later on, when asked what are things that most people don’t know about Bitcoin ATMs, he emphasized two points. First of all, they don’t know how they work, and secondly, they don’t know why do they exist.

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Bitcoin ATM Market Dynamics August 2019

In August the price of Bitcoin continued to fluctuate. The price at the beginning of the month was $10,089 and continued to rise for a short period until it hit the &11,817. After that, it started to fall again. The month ended with a price of $9,592 which is a 4.9% decrease in comparison to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate, unlike the price of Bitcoin.

Period Start: 5336, Period End: 5469
Opened: 273, Closed: 140, Net Growth: +133(2.5%)

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Charlie Shrem and Lennart Lopin on Bitcoin ATM’s

In the following interviews, Charlie Shrem is talking with Lennart Lopin, a representative of Byte Federal, about Bitcoin ATMs.

At the beginning the guys are talking about the early Bitcoin, mentioning how in the past there was no real way to buy Bitcoin. Interestingly they say that we can look at it as a bridge connecting one piece of land with another, old piece of land. Where the old piece of land is the traditional banking system, and the new land is Bitcoin. That way we were having to rent other bridges and pay a very high toll in order to get into cryptocurrency.

Further on, they are talking about how nowadays it’s normal to go anywhere in the USA and find Bitcoin ATMs, and rely on them. As opposed to the beginnings in 2014, when the market wasn’t ready yet.

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Bitcoin ATM Market Dynamics July 2019

In July the price of Bitcoin experienced fluctuation. Starting price was $10,691 and continued to rise in the first third of the month, getting up to $12,669. After, it started to fall and continued until the end of the month. July ended with the price of $9,874 which is a 7.6% fall when compared to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate, following the rise of the Bitcoin price.

Period Start: 5048, Period End: 5335
Opened: 360, Closed: 73, Net Growth: +287(5.7%)

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