We have 1 of these crypto ATM in 1 of the largest malls in Western Canada right beside the extremely busy food fair. I always walk by it on Friday and Saturday when the mall is PACKED. Over the course of 2 years, I've not seen 1 as in ONE person ever use it..... It's great for collecting dust....
😂 Freaking awesome dude. Thanks for sharing that 👍 It's gonna be the same like the electric vehicle movement...all these car dealerships with a bunch of electric vehicles in stock, and nobody buys them, because they're to expensive and there isn't enough charging stations
@@samsonbreed6049 I'm not too sure about the electric car situation. The same mall I mentioned, the EV are becoming more and more prevalent. I would say before COVID, I hardly saw EVs, now I would say at least 10% and increasing. On my street, it's the same thing. I'm strongly leaning towards my next car will be EV and many of my friends and families are thinking the same. I'm sick and tired of being at the mercy of the oil companies and the geopolitical blowback of getting oil from less than friendly countries fueling wars, funding geopolitical ambitions, etc ...... Russia, Iran, Saudi Arabia, etc ...... I don't think charging stations are a big problem as people mention, all my neighbor who have EVs just plugs in when they get home and gets fully charged when they wake up to go to work. 1 full charge can probably last them over 1 week. Just my observations
Anybody that knows anything about BTC would never use that machine. (12+ percent charge) Anyone that wants to learn about BTC and buy BTC.... knows somebody that knows somebody they can ask.
Simple, some guy out there had some really beautifully made PPTs convinced a couple VC's to give them a few tens of millions of dollars as investment money. They setup a shell company to be "sub-contracted" to build those bitcoin "ATMs" at a very inflated cost. And then send them all over the nation to show "growth" to the investors. Doesn't matter if this scheme works or not, the "founders" already made their money building those machines.
Hilarious. I live in a city about half a million. There is only a few bitcoin ATMs in the city...They are always empty when I visit those gas stations/markets. Nobody goes to them. I asked the owners and they said that they rarely sees anyone there. They are still trying to sell the idea...but it has gotten no traction.
Cause people don't buy/sell BTC or cyrptos via these machines with their outrageous fees. It's all done through centralized exchanges (like Binance, Coinbase, etc...) or decentralized exchanges (like Uniswap, Pancakeswap, etc...). And there's lots and lots of traction, especially by the big institutional players like Microstrategy, Greyscale, Blackrock, etc...
Biggest lesson i learnt in 2022 in the Bitcoin market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
My advisor is Camille Alicia Garcia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
You are a little late on this story , about a year ago Bitcoin ATMs were installed in my area and over the last couple of months they have been removed .
I began investing at the age of 34, primarily utilizing my hard work and dedication. Now at the age of 42, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this, are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s your financial advisor or coach, do you mind hooking me up?
I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?
@roejogan5104no it won’t, crypto is not efficient and high risk. It’s a speculative investment that you can make a lot of money off if you’re lucky. Electronic payments like venmo or Zelle have caught up and are fast enough and cheap enough. Very few people are sending huge sums of money that they need instantly, and these peer to peer payments are instant now for a small fee. I don’t see mass Adoption happening
@roejogan5104 Not sure if the masses will use crypto. I certainly won't. Storing transactions in a blockchain is a privacy nightmare and cryptos just have a value because people hope that someone else will pay even more for them. That is a typical ponzi scheme. In the end someone has to lose. A big problem is governments coming with their own cryptos. They can easily make bitcoins illegal. They can't stop the ownership, but they can prevent banks and businesses from doing any transactions in bitcoins. At that point bitcoins would become pretty much worthless. Technically in most countries it is already illegal to print your own currency. So creating digital currencies could also be outlawed.
I think the Bitcoin ATMS are mainly in businesses owned by immigrant retailers. Immigrants use the machine, I don't know how. You gotta feed the machine USD to transfer to Bitcoin. Makes no sense.
all you mention are all good but I’ll advise you venture into fx first because it will help you grow your portfolio very fast and it require not so much to start
Going into crypto doesn't mean you buy that much (it all depends on the Roi you want) You can start with little, invest it and watch it grow to generate profits that's how I have grown my net worth.
Bitcoin is the future...Cryptocurrency will be used in many sectors like banking, gaming, metaverse, real estate, hotels, transport,wallets, online purchases,flight bookings and many more
Yup. Many people, especially the older generation, doesn't understand this and you can see it from many comments here. They are stuck and still going to where the puck is instead of where the puck is going to be. Like Gretzky said, go to where the puck is going to be, not where it is at.
Currently, Bitcoin is like a time bomb getting ready to explode. Next year is Bitcoin halving and it pains me I still can't trade profitably. Please how do I trade to make good profits in 2024?
I am already on my way to success, it wasn't easy but i love the growth. Trading has been the main source of income, although I hardly do it myself. I just started trading Bitcoin weeks ago, I have already made over $12,500. I wish I knew this sooner, I would have been a millionaire.
There is no magic in trading. The main secret of trading is to have a very strong and reliable strategy, but that's not for a novice, which is why I work with an advisor, Derrick Alan Sands. He's a successful trader.
He is obviously the best. With a capital of $5000, I made a profit of $13,500 trading with him last week. I was really skeptical initially but decided to give him a try and He really proved himself. He has made bitcoin trading easier than I think.
It isn't. It's actually much more problematic to use BTC and or other non-privacy cyptos for crime than it is to use fiat cash. These reports don't really ever do any deep dive retail research and just parrots what the unknowledegable would say. BTC is very transparent so you can track where exactly your BTC went even if it's 10 years later. Thing is though, if it's like a very small amount of worth in BTC, it's not worth the effort and money to try and get it back. If it was a lot of money's worth in BTC, then governments (such as the US government) can easily track it and get it back (like they have on numerous occasions). In fact, anybody can track down the BTC a person sent... even if it was years later.
We have a unique perspective on things since we do both compliance for BTM operators as well as forensic investigations for victims. There will always be fraud in any industry, but because this technology is still new, there's a lot of room for exploitation with populations that aren't educated on its fundamentals. Compliance, when done right, is actually quite good at routing out money laundering and scams. But there isn't a warning screen bright enough to deter a victim when they have their mind set to send the money. It's certainly a growing pain for adoption, but awareness, education, and smart legislation will keep users safe and innovation on the up.
Most ppl use direct deposit to and from their accounts.If you don't have a bank account then it's a good way to deposit your money into the wallet and operate without the fees of banking while letting your money grow in the best performing asset on the planet. Problem, most ppl don't understand the technology and are easily scammed.
@@skyak4493 Well at the end of the day both cash and BTC are used by bad people so which is perfect because it's the people that use it for bad things that are to blame not the asset itself crypto and cash can be used for good or bad by humans.
The people buying bitcoin right now are already losers, they missed 110% of gains in this new bull market. Should have bought in 2022 when people said it was “dead.”
I've never seen one and using crypto for criminal activities is the dumbest method of moving money around when EVERYONE can see you do it in real time, where you moved it from and where you moved it to.
For bitcoin this is true and people who say that about bitcoin are morons. Some shitcoins out there have strong privacy such as monero, but they are irrelevant for the most part as far as I'm concerned. Bitcoin only is the way to peace and prosperity.
3:21 this is nonsense, this can be said about any and every industry. there are bad players in the real estate market, in the bond market, in the gold and silver market, there are criminals who the vast majority of the time choose to do their crime with US dollars and US dollars alone, the fact that there would even be a percentage of people who use BTMs to "do criminal activities" is trivial compared to the real world crime being done with paper currencies every single day.
A lot of folks have been going on about a October rally and said stocks that would be experiencing significant growth these late year season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
And pumps again. It will dump and pump like a lot of other assets, but the potential is there. It's a cycle and BTC has more potential than gold, silver, most stocks, etc...
only reason I have know of someone using it was a woman I know that got scammed out or her life savings of 10K dollars. She is an American Christian missionary in Ecuador
Maybe just add a disclosure or warning before a customer is able to deposit or withdraw from a Bitcoin ATM but stupid people will always be stupid. Smart people should not get penalized for their lack of cautiousness. Also, most money laundering I believe are still facilitated by big banks in dollars...
That's so funny, because it was, and it's still in the news as a headline news story more than 10 years later and people still can't see that it's not going anywhere, it replaced the dollar.
@@AaronEbrahim Bitcoin killed itself the moment the headlines were about how quickly its value was rising. The large majority of bitcoin buyers did it as a speculative purchase they intended to convert back into dollars rather than a investment they intended to use as purchasing power directly. If Bitcoin ever wants a chance to replace currency, people need to stop holding onto their bitcoin and start encourage spending. But that is never going to happen. How can you say it has replaced the dollar when the dollar is still one of the most valuable currencies in the world? Bitcoin have always been about converting itself back into a more useful currency, a.k.a dollars.
@@Lewtable BTC is worth more now than ever (well, minus a couple of weeks ago) so how exactly did BTC killed itself? It's very likely going to catch the market cap of gold and surpass it. But, please keep telling others how dead BTC is as it helps keep the price of BTC down... for now.
It is a good time to lnvest in bitcoin right? Hate that i feel like it's too late for me to buy bitcoin or enter the entire crypto space at this point. I find it to be far too complex to comprehend. Lost about $63k within a few months buying and trading myself since i subscribed to a trading channel.
Yes, Now is actually the best time to buy. I'd advice you either find a financiaI advser who can tell you when to buy and sell the shares or ETF that you want to concentrate on, or read some excellent books about investing and finance.
I assumed I had a hang of the market at first. Gained $46k one year and I was super elated. But when I worked with a portfoIio-advser whom now guides me since the market's been in sham after the pandemic. I've surprisingly nettd a whooping $520K during this dip. Made it clear there's more to the market that we avg joes don't know
@gatesbev I'm guided by HEATHER LEE LARIONI. An experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.
Is it a good idea to buy cryptocurrencies right now? Will there be a decline in the price of bitcoin this year despite frequent assertions that the market is active? How quickly will coins return completely? Let's say i spread $100k across, i have a ton of questions to be honest
predicting short-term market movements is extremely difficult in reality. It also essentially requires the investor to be right twice: they must perfectly time both their entrance to and exit from the market.
Just dollar cost avg in, buy consistently and take profits along the way. Make sure you have a hardware wallet and learn how to transfer the funds back and forth
@@scottshorten9962 The term "halving" as it relates to Bitcoin concerns how many tokens are rewarded. This acts as a way to simulate diminishing returns, theoretically intended to raise demand. There’s only 21 million Bitcoin and 80% has already been mined 2140 will be the last minable Bitcoin
Not just people, but institutions and governments. BTC is worth a lot more now than it was 9 months ago when you posted it. People also laughed at those who invested in Apple stocks too, but you don't hear anyone laughing now. Kevin O'Leary was calling everyone a moron for investing in Bitcoin (while he was secretly investing in it himself). These BTC machines are stupid though cause no one uses them as the fees are outrageous. Everyone uses centralized or decentralized exchanges through their phones (and or computers/mobile devices) to invest in bitcoin.
People were scamming way before there were these machines. Most ppl don't understand new technology and the benefits of it. Scammers do understand it and usually earlier that the general public.
Why would scammers want BTC when they risk exposing their identities and locations when BTC is used. Small time scammers might want BTC as governments won't care if someone loses a few hundred bucks. The name of BTC is used in many scams, but actual BTC is rarely used in scams because BTC is very trackable (even by an average person).
You always find a way of shading Crypto as only used for money laundering! Tell me, how much BTC is involved in the recent Singapore Moneylaundering saga?
Does Gary Gensler own a dress length mirror? That tie is FAR too long, it should finish around your belt line. The suit jacket straight up doesn't fit. Have some self respect, you silly millionaire.
To massively overpay for cryptocurrency in order to avoid having to give your personal information to an online exchange who will cooperate with the government if you are found to be engaging in illegal activity.
The percentages of criminals that use the BTM is highly negligible those things have more cameras than other ATMs. Anyone that's going to do anything elicit is going to use CASH!!!
Exactly, I already knew they were gonna use the BS money laundering excuse 😒 almost all money laundering is done with fiat currency. Maybe a dumb petty criminal might use BTC to launder money.
Crime and money laundering are the PRIMARY USES of BTC! Cross border remissions are one of the few legal uses -and even this breaks laws for reporting payments.
Often, it is the unwitting victim of a scam, such as a romance scam, that is using the Bitcoin ATM to pay the oversea scammer. It is very common to hear of victims of catfish romance scams being convinced to go to a bitcoin ATM to pay the scammer.
an exchange that fast is going to function more like traditional finance than the decentralized paradigm that bitcoin is known for. the bad actors are in the exchanges e.g. sam bankman-fried
These Crypto transactions have their utility for sending Remmitances towards Home Countries - say the Phillipines or Guatemala... Without moneygram and huge fees
@skyak4493 over here in 🇧🇬 Bulgaria many people work abroad - 🇩🇪, 🇮🇹 🇪🇸 - and send home 🏡 Money 💰 via Moneygram and simular for 9% 12 %...but cash 💸 in ✋️ 🤚 is what buts 🍞 🥪 🥖 🥐 ☕️ 🚬 on the table and 🪵 in the 🔥 during the winter
Fees aren't bad but the premium above spot is pretty rough. Bitcoin was at about 28K a few weeks ago and a tried one of these ATM's for the first time, just to try it out. I paid about 33K for the sats I got. That's pretty steep IMO. I'm hoping in time this idea will get cheaper to interact with.
Ponzi schemes only happen with the plague of centralization. Your comment is so ignorant, and trust me, you’ll wish you had some ETH or Bitcoin 10 years from now. 😂 Ever seen an innovation adoption bell/normal distribution curve? Sounds like your on the right hand side of the chart, but you’ll get there eventually.
Haha. They're hoping you won't. Those who do, will be rich, you'll be left behind. No form of money has more corruption and criminal activity than cash, the dollar. There's actual blood and actual drugs all over physical money, not crypto.
@ZanDatsu Where you get your statistics? That's a hilarious lie people use usd religiously Bitcoins use is incomparable and not many have it as much as use it to buy anything but illegal things on the black market as well as fund terrorism. So it's been a bad investment for the last 13 years realistically.
makes me laugh how they say crypto scams when cash is the biggest scam, just keep printing and devaluing our wages and drug dealers want dollas not bitcoin as crypto all tracked on the chain
cash has been around for a couple thousand years, and will be around long after you're gone. keep kidding yourself into thinking your magic beans will replace dollars though.
@@perfectallycromulent at what point did i say crypto will replace cash, look at how much the dolla has devalued overtime, punks like you where saying the same thing when bitcoin was under a dolla it's now at 35k. what do you think will happen when the cost of transactions go to 0 saving the banks billions... no trillions in the process. cash has been around and ever fiat currency always goes back to 0 because the fed can just print and print. we don't trust the government but trust the money they print. lol fool
@@perfectallycromulent Tell it black rock, van eck and vanguard, why has the biggest asset manager on the planet filed for a spot bitcoin etf... yall just keep getting left behind.
@@Thedystopianman what are their bitcoin holdings compared to traditional securities? how much of their business revolves around this? a trivial amount.
I saw one at a gas station recently. I asked the attendant if anyone has used it. He said “not yet”.
We have 1 of these crypto ATM in 1 of the largest malls in Western Canada right beside the extremely busy food fair. I always walk by it on Friday and Saturday when the mall is PACKED. Over the course of 2 years, I've not seen 1 as in ONE person ever use it..... It's great for collecting dust....
😂 Freaking awesome dude. Thanks for sharing that 👍
It's gonna be the same like the electric vehicle movement...all these car dealerships with a bunch of electric vehicles in stock, and nobody buys them, because they're to expensive and there isn't enough charging stations
@@samsonbreed6049 I'm not too sure about the electric car situation. The same mall I mentioned, the EV are becoming more and more prevalent. I would say before COVID, I hardly saw EVs, now I would say at least 10% and increasing. On my street, it's the same thing. I'm strongly leaning towards my next car will be EV and many of my friends and families are thinking the same. I'm sick and tired of being at the mercy of the oil companies and the geopolitical blowback of getting oil from less than friendly countries fueling wars, funding geopolitical ambitions, etc ...... Russia, Iran, Saudi Arabia, etc ...... I don't think charging stations are a big problem as people mention, all my neighbor who have EVs just plugs in when they get home and gets fully charged when they wake up to go to work. 1 full charge can probably last them over 1 week. Just my observations
@@samsonbreed6049electric vehicles are taking over. Don’t know what you’re on about.
what is bro blabbering on about, electric cars are taking over@@samsonbreed6049
Anybody that knows anything about BTC would never use that machine. (12+ percent charge) Anyone that wants to learn about BTC and buy BTC.... knows somebody that knows somebody they can ask.
Simple, some guy out there had some really beautifully made PPTs convinced a couple VC's to give them a few tens of millions of dollars as investment money. They setup a shell company to be "sub-contracted" to build those bitcoin "ATMs" at a very inflated cost. And then send them all over the nation to show "growth" to the investors. Doesn't matter if this scheme works or not, the "founders" already made their money building those machines.
Hilarious. I live in a city about half a million. There is only a few bitcoin ATMs in the city...They are always empty when I visit those gas stations/markets. Nobody goes to them. I asked the owners and they said that they rarely sees anyone there. They are still trying to sell the idea...but it has gotten no traction.
Cause people don't buy/sell BTC or cyrptos via these machines with their outrageous fees. It's all done through centralized exchanges (like Binance, Coinbase, etc...) or decentralized exchanges (like Uniswap, Pancakeswap, etc...). And there's lots and lots of traction, especially by the big institutional players like Microstrategy, Greyscale, Blackrock, etc...
Biggest lesson i learnt in 2022 in the Bitcoin market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
@@TomD226 Can you leave in details about your investment advisor here? I’m in dire need for one.
My advisor is Camille Alicia Garcia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@TomD226
You are a little late on this story , about a year ago Bitcoin ATMs were installed in my area and over the last couple of months they have been removed .
Fees are way too high
They are stealing from you.....
I began investing at the age of 34, primarily utilizing my hard work and dedication. Now at the age of 42, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this, are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s your financial advisor or coach, do you mind hooking me up?
I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?
"One user per day" does not seem like a success.
@roejogan5104no it won’t, crypto is not efficient and high risk. It’s a speculative investment that you can make a lot of money off if you’re lucky. Electronic payments like venmo or Zelle have caught up and are fast enough and cheap enough. Very few people are sending huge sums of money that they need instantly, and these peer to peer payments are instant now for a small fee. I don’t see mass Adoption happening
@roejogan5104 Not sure if the masses will use crypto. I certainly won't. Storing transactions in a blockchain is a privacy nightmare and cryptos just have a value because people hope that someone else will pay even more for them. That is a typical ponzi scheme. In the end someone has to lose.
A big problem is governments coming with their own cryptos. They can easily make bitcoins illegal. They can't stop the ownership, but they can prevent banks and businesses from doing any transactions in bitcoins. At that point bitcoins would become pretty much worthless.
Technically in most countries it is already illegal to print your own currency. So creating digital currencies could also be outlawed.
Will when they getting scams there like putting like 20 thousand dollars in that machine
A vending machine for bitcoin that charges cash fees. End game seems to usually be fiat currencies.
I think the Bitcoin ATMS are mainly in businesses owned by immigrant retailers. Immigrants use the machine, I don't know how. You gotta feed the machine USD to transfer to Bitcoin. Makes no sense.
@@Chicago48 well most scam networks are driven by overseas criminal groups and they use immigrants as cash mules
@@Chicago48 your USD is failing...thats why thinking people consider bitcoin a viable alternative...
You heard of gold before? Commodities? Lol
@@donquixoteupinhere u heard its 2023?
.I believe I can achieve all I want it's just matter of time. I invest more, spend less now I have a networth of $3.6m.
Crypto Investment should on every wise individuals bucket list. You will be ecstatic of the decision you made today.
I really need a nice investment to venture into I'm thinking of Crypto assets, stock or Real estate
all you mention are all good but I’ll advise you venture into fx first because it will help you grow your portfolio very fast and it require not so much to start
Will it require up to $100k for startup ?
Going into crypto doesn't mean you buy that much (it all depends on the Roi you want) You can start with little, invest it and watch it grow to generate profits that's how I have grown my net worth.
Bitcoin is the future...Cryptocurrency will be used in many sectors like banking, gaming, metaverse, real estate, hotels, transport,wallets, online purchases,flight bookings and many more
Yup. Many people, especially the older generation, doesn't understand this and you can see it from many comments here. They are stuck and still going to where the puck is instead of where the puck is going to be. Like Gretzky said, go to where the puck is going to be, not where it is at.
Currently, Bitcoin is like a time bomb getting ready to explode. Next year is Bitcoin halving and it pains me I still can't trade profitably. Please how do I trade to make good profits in 2024?
I am already on my way to success, it wasn't easy but i love the growth. Trading has been the main source of income, although I hardly do it myself.
I just started trading Bitcoin weeks ago, I have already made over $12,500. I wish I knew this sooner, I would have been a millionaire.
Good to hear.. Trading has been a difficult thing for me, how did you manage to scale through?
There is no magic in trading. The main secret of trading is to have a very strong and reliable strategy, but that's not for a novice, which is why I work with an advisor, Derrick Alan Sands. He's a successful trader.
Thanks for the information. Are you saying he is good?
He is obviously the best. With a capital of $5000, I made a profit of $13,500 trading with him last week. I was really skeptical initially but decided to give him a try and He really proved himself. He has made bitcoin trading easier than I think.
Why would bitcoin be more problematic for crime than normal cash?
It isn't. It's actually much more problematic to use BTC and or other non-privacy cyptos for crime than it is to use fiat cash. These reports don't really ever do any deep dive retail research and just parrots what the unknowledegable would say.
BTC is very transparent so you can track where exactly your BTC went even if it's 10 years later. Thing is though, if it's like a very small amount of worth in BTC, it's not worth the effort and money to try and get it back. If it was a lot of money's worth in BTC, then governments (such as the US government) can easily track it and get it back (like they have on numerous occasions). In fact, anybody can track down the BTC a person sent... even if it was years later.
Like bad guys don't use the dollar
Good information. Thank you for sharing!
All over Europe as well.
Money laundering is done through the USD mostly.
It’s just a scare tactic they use to make crypto seem bad along with scams those also happen all the time in usd cad and euro
We have a unique perspective on things since we do both compliance for BTM operators as well as forensic investigations for victims. There will always be fraud in any industry, but because this technology is still new, there's a lot of room for exploitation with populations that aren't educated on its fundamentals. Compliance, when done right, is actually quite good at routing out money laundering and scams. But there isn't a warning screen bright enough to deter a victim when they have their mind set to send the money. It's certainly a growing pain for adoption, but awareness, education, and smart legislation will keep users safe and innovation on the up.
The last thing we need in new finance is a BTM. In fact we will no longer need any ATMs. Fruitless move!
Most ppl use direct deposit to and from their accounts.If you don't have a bank account then it's a good way to deposit your money into the wallet and operate without the fees of banking while letting your money grow in the best performing asset on the planet. Problem, most ppl don't understand the technology and are easily scammed.
The biggest money laundering and scams are done by cash, not BTC
BTC overtook cash scams years ago!!! Get a clue grandpa! BTC is so big in scams it has its own PR and lobbyists.
@@skyak4493who invented Bitcoin?
SAID THE GOLD MAFIA
@@skyak4493 where is your evidence?
@@skyak4493 Well at the end of the day both cash and BTC are used by bad people so which is perfect because it's the people that use it for bad things that are to blame not the asset itself crypto and cash can be used for good or bad by humans.
1 user a day? Wow, what a wise investment! 🙄
Anything taking over malls will lose.
What can you actually purchase with Bitcoin?
More than your comment implies
@@Swanseaguy1979 like what??
The people buying bitcoin right now are already losers, they missed 110% of gains in this new bull market. Should have bought in 2022 when people said it was “dead.”
My father almost got scammed into withdrawing cash from his bank acct and buying crypto at an ATM. - I presume for the scammers account.
When. If this was a year ago he would have doubled his money.
I've never seen one and using crypto for criminal activities is the dumbest method of moving money around when EVERYONE can see you do it in real time, where you moved it from and where you moved it to.
For bitcoin this is true and people who say that about bitcoin are morons. Some shitcoins out there have strong privacy such as monero, but they are irrelevant for the most part as far as I'm concerned. Bitcoin only is the way to peace and prosperity.
True, but unlike a Bank account you can have a Crypto Wallet that is not connected to your name and address.
3:21 this is nonsense, this can be said about any and every industry. there are bad players in the real estate market, in the bond market, in the gold and silver market, there are criminals who the vast majority of the time choose to do their crime with US dollars and US dollars alone, the fact that there would even be a percentage of people who use BTMs to "do criminal activities" is trivial compared to the real world crime being done with paper currencies every single day.
Really? I live in a big city and visit huge malls. Here are some Atms Bitcoin. However it seems no one cares of acting with it...
Why would anyone use Bitcoin. It costs like over $5 to make a transaction. It would add up so fast.
A lot of folks have been going on about a October rally and said stocks that would be experiencing significant
growth these late year season, any idea which stocks this may be? I just sold my home in the Boca Grande area
and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to
buy or no?
More hype and bitcoin price pumps...then later on dumps.
And pumps again. It will dump and pump like a lot of other assets, but the potential is there. It's a cycle and BTC has more potential than gold, silver, most stocks, etc...
Don't worry the USD is still preferred amongst gangsters and warlords.
Becuz gov don't print bitcoins each night (unlike dollars).
only reason I have know of someone using it was a woman I know that got scammed out or her life savings of 10K dollars. She is an American Christian missionary in Ecuador
As an upcoming Bitcoin trader I to tally understand the gravity of the knowledge you are trying to pass across, thanks for the info
Maybe just add a disclosure or warning before a customer is able to deposit or withdraw from a Bitcoin ATM but stupid people will always be stupid. Smart people should not get penalized for their lack of cautiousness. Also, most money laundering I believe are still facilitated by big banks in dollars...
Maybe because bitcoin ATM is not fast enough for money launderers to launder any ill-gotten money 😂😂
Scammers & criminals gotta withdrawal somewhere, of course we gotta think about them
Chase jp Morgan right
The federal government (SEC) acting like fascists, sued and clamped down on crypto trading companies
Never use these machines to buy crypto if you want to buy it
Why not?
No, instead use any choice of app and link your bank account 🙄
@@k.k.c8670 Can buy them on centralized or decentralized exchanges, without the outrageous fees from these machines.
I have never seen a single person use these things.
Nobody with common sense would use a Bitcoin ATM when there’s Exchanges and Decentralized exchanges
#bitcoinatm #only #forever
20% is a bargain for drug dealers to launder money. What's the AML policy for someone depositing cash into a Bitcoin machine?
A crypto bank is such an oxymoron😂.
The american greed has a ravenous appetite.
SAID THE ARABS
Self custody and Lightening is the way, anything else is a subpar, period.
Scammers and money launderers are the ones that would sponsor and support these machines.
Yep. The manufacturers of these ATMs are not people I would not trust
I want a job maintaining bitcoin machines
As long as bitcoin is unregulated it will be a haven for scammers and other criminals.
What would be the regulations for cryptocurrency, and who would enforce it?
It’s always going to be wallets don’t have identities attached to them
Sure.
Good thing there are no scammers and criminals in regulated fiat money sector.
We are safe.
😂
The scammers are the Central Bank Mafia Cartel.
Ok bootlicker
THIS WAS SUPPOSED TO BE A THING IN 2014.
That's so funny, because it was, and it's still in the news as a headline news story more than 10 years later and people still can't see that it's not going anywhere, it replaced the dollar.
@@AaronEbrahim Bitcoin killed itself the moment the headlines were about how quickly its value was rising. The large majority of bitcoin buyers did it as a speculative purchase they intended to convert back into dollars rather than a investment they intended to use as purchasing power directly. If Bitcoin ever wants a chance to replace currency, people need to stop holding onto their bitcoin and start encourage spending. But that is never going to happen. How can you say it has replaced the dollar when the dollar is still one of the most valuable currencies in the world? Bitcoin have always been about converting itself back into a more useful currency, a.k.a dollars.
@@Lewtable BTC is worth more now than ever (well, minus a couple of weeks ago) so how exactly did BTC killed itself? It's very likely going to catch the market cap of gold and surpass it. But, please keep telling others how dead BTC is as it helps keep the price of BTC down... for now.
they make money on the exchange rate
It is a good time to lnvest in bitcoin right? Hate that i feel like it's too late for me to buy bitcoin or enter the entire crypto space at this point. I find it to be far too complex to comprehend. Lost about $63k within a few months buying and trading myself since i subscribed to a trading channel.
Yes, Now is actually the best time to buy. I'd advice you either find a financiaI advser who can tell you when to buy and sell the shares or ETF that you want to concentrate on, or read some excellent books about investing and finance.
I assumed I had a hang of the market at first. Gained $46k one year and I was super elated. But when I worked with a portfoIio-advser whom now guides me since the market's been in sham after the pandemic. I've surprisingly nettd a whooping $520K during this dip. Made it clear there's more to the market that we avg joes don't know
@marvishaN That's impressive!, I could really use the expertise of this advisor, my portfolio has been down bad. Please who’s the person guiding you?
@gatesbev I'm guided by HEATHER LEE LARIONI. An experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.
@marvishaN She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Bitcoin ATMs are here to stay!
It's ALL here to stay. There's no putting the toothpaste back in the tube as much as the owners/managaers of the dollar wish they could.
unlike your sorry existence...
Period
Stock market is the real scam
ask why people who start crypto currency business build atms when it's scam
Not only in USA, but also here in Poland.
People go to malls?
Yes
Apparently. I haven't been to the mall in years.
Lol oh god yes. Are there no nice malls in your state?
NOT EVERYTHING HAS TO BE CRYPTO
Is it a good idea to buy cryptocurrencies right now? Will there be a decline in the price of bitcoin this year despite frequent assertions that the market is active? How quickly will coins return completely? Let's say i spread $100k across, i have a ton of questions to be honest
predicting short-term market movements is extremely difficult in reality. It also essentially requires the investor to be right twice: they must perfectly time both their entrance to and exit from the market.
Just dollar cost avg in, buy consistently and take profits along the way. Make sure you have a hardware wallet and learn how to transfer the funds back and forth
I travel all the time for work I’ve never seen one of these
BTC halving is in 5.5 months. Block 840 000
what does that mean ?
@@scottshorten9962 The term "halving" as it relates to Bitcoin concerns how many tokens are rewarded. This acts as a way to simulate diminishing returns, theoretically intended to raise demand. There’s only 21 million Bitcoin and 80% has already been mined 2140 will be the last minable Bitcoin
@@scottshorten9962 bitcoin supply is reduced every 4 yrs approx...
Lol. The fud is unreal
Crypto going to the 🌝!!!!!😮
This can be convenient and cost effective to sending or receiving money overseas.
People still invest in Bitcoin? 😂
Not just people, but institutions and governments. BTC is worth a lot more now than it was 9 months ago when you posted it. People also laughed at those who invested in Apple stocks too, but you don't hear anyone laughing now. Kevin O'Leary was calling everyone a moron for investing in Bitcoin (while he was secretly investing in it himself).
These BTC machines are stupid though cause no one uses them as the fees are outrageous. Everyone uses centralized or decentralized exchanges through their phones (and or computers/mobile devices) to invest in bitcoin.
This report is a rug pull. 😂
Gary gensler is the last guy i would take scam advice for ftx literally went over his head
So they make 700.000 k from 600 users. Doing transactions. Yeah. Makes total sense
The facts are beyond your comprehension lol
Because you need a way to fraud normal people in making them paying their scammers in BTC!
People were scamming way before there were these machines. Most ppl don't understand new technology and the benefits of it. Scammers do understand it and usually earlier that the general public.
Why would scammers want BTC when they risk exposing their identities and locations when BTC is used. Small time scammers might want BTC as governments won't care if someone loses a few hundred bucks.
The name of BTC is used in many scams, but actual BTC is rarely used in scams because BTC is very trackable (even by an average person).
That's great news.
Seriously you're uploading 10 min commercials now?? Disliked
Currency is temporary
Saying "ATM Machine" is eternal lolol
You always find a way of shading Crypto as only used for money laundering! Tell me, how much BTC is involved in the recent Singapore Moneylaundering saga?
Bitcoin is Gold 2.0!
What Is Bitcoin?
Does Gary Gensler own a dress length mirror? That tie is FAR too long, it should finish around your belt line. The suit jacket straight up doesn't fit. Have some self respect, you silly millionaire.
So what is the point of the bitcoin ATM?
You need an ATM or an online site to buy or sell bitcoin. You cannot simply buy or sell bitcoin, unless you know very well the seller/buyer.
Stealing real money.
ENERGY SCAM
To massively overpay for cryptocurrency in order to avoid having to give your personal information to an online exchange who will cooperate with the government if you are found to be engaging in illegal activity.
@@nerdstrangler4804 I see... still a very strange business. I have seen these ATM around town. However, I have never seen a person use the machine.
Is there an unalter article on this topic
The percentages of criminals that use the BTM is highly negligible those things have more cameras than other ATMs. Anyone that's going to do anything elicit is going to use CASH!!!
Exactly, I already knew they were gonna use the BS money laundering excuse 😒 almost all money laundering is done with fiat currency. Maybe a dumb petty criminal might use BTC to launder money.
Cash isn’t as liquid though or safe I😮
@@airhabairhab you are correct cash is not as liquid but criminals do not care about safe.
Crime and money laundering are the PRIMARY USES of BTC! Cross border remissions are one of the few legal uses -and even this breaks laws for reporting payments.
Often, it is the unwitting victim of a scam, such as a romance scam, that is using the Bitcoin ATM to pay the oversea scammer. It is very common to hear of victims of catfish romance scams being convinced to go to a bitcoin ATM to pay the scammer.
ICP is a game changer all-rounder WEB3 and will make climate protection, Solana, BTC BIG Monney , gaming, transfers infinitely fast and scale up!
an exchange that fast is going to function more like traditional finance than the decentralized paradigm that bitcoin is known for. the bad actors are in the exchanges e.g. sam bankman-fried
One hacked Bitcoin ATM means all your millions and millions of dollars in bitcoin goes pooooof! Not your keys, not your wallet
I’m pretty sure Bitcoin ATMs will transfer BTC to your wallet when you buy and scan your QR code…
@@TheGamingCanadianyeah the Bitcoin ATM’s aren’t extanges. Where you transfer it after you buy it is up to you.
These Crypto transactions have their utility for sending Remmitances towards Home Countries - say the Phillipines or Guatemala... Without moneygram and huge fees
Yeh, they only need to deal with transaction fee, and take on the enormous risk of volatility and storage.
20% is a huge fee!!!!
@skyak4493 over here in 🇧🇬 Bulgaria many people work abroad - 🇩🇪, 🇮🇹 🇪🇸 - and send home 🏡 Money 💰 via Moneygram and simular for 9% 12 %...but cash 💸 in ✋️ 🤚 is what buts 🍞 🥪 🥖 🥐 ☕️ 🚬 on the table and 🪵 in the 🔥 during the winter
@@skyak4493 CASH HEIST
Without huge fees. LOL. 🤣🤣🤣
ATMs are taking over now? ha, where have you been guys past years.
Because people are greed easy money , another way to Landry dirty money from criminals , honest hard working people won’t take chance in hipes
Digital Nightmare
No thanks. I love the look and feel of Cash 💵😁
Look what happen to FTX.
These "atms" are scams in and of themselves. Why dont i see these in affluent areas or stores? Why do i only see them in "poor" areas or stores?
Probably extremely high fees on those machines
Fees aren't bad but the premium above spot is pretty rough. Bitcoin was at about 28K a few weeks ago and a tried one of these ATM's for the first time, just to try it out. I paid about 33K for the sats I got. That's pretty steep IMO. I'm hoping in time this idea will get cheaper to interact with.
Yea but in the world of crypto the price changes so if it rises the person will earn back the fees.
Biggest Ponzi scheme ever
Ponzi schemes only happen with the plague of centralization. Your comment is so ignorant, and trust me, you’ll wish you had some ETH or Bitcoin 10 years from now. 😂 Ever seen an innovation adoption bell/normal distribution curve? Sounds like your on the right hand side of the chart, but you’ll get there eventually.
I've never seen one in person, but I've read enough about crypto that I would never, ever, use it.
So...do you believe in the USD?
Haha. They're hoping you won't. Those who do, will be rich, you'll be left behind. No form of money has more corruption and criminal activity than cash, the dollar. There's actual blood and actual drugs all over physical money, not crypto.
That's not true, purchasing power has decreased, but not 99.9% as you say.@@ZanDatsu
enjoy your $20 Big Mac combos and $100k "American" made vehicles
@ZanDatsu Where you get your statistics? That's a hilarious lie people use usd religiously Bitcoins use is incomparable and not many have it as much as use it to buy anything but illegal things on the black market as well as fund terrorism. So it's been a bad investment for the last 13 years realistically.
The only people who use these are very old ladies in distress.
Top signal?
I havent seen one though
the scams continue
You never answered the question in the title
Pass
Bitcoin is safer than collapsing banks.
makes me laugh how they say crypto scams when cash is the biggest scam, just keep printing and devaluing our wages and drug dealers want dollas not bitcoin as crypto all tracked on the chain
cash has been around for a couple thousand years, and will be around long after you're gone. keep kidding yourself into thinking your magic beans will replace dollars though.
@@perfectallycromulent at what point did i say crypto will replace cash, look at how much the dolla has devalued overtime, punks like you where saying the same thing when bitcoin was under a dolla it's now at 35k. what do you think will happen when the cost of transactions go to 0 saving the banks billions... no trillions in the process. cash has been around and ever fiat currency always goes back to 0 because the fed can just print and print. we don't trust the government but trust the money they print. lol fool
@@perfectallycromulent Tell it black rock, van eck and vanguard, why has the biggest asset manager on the planet filed for a spot bitcoin etf... yall just keep getting left behind.
@@Thedystopianman WEAPONS DEALERS HOW CIA
@@Thedystopianman what are their bitcoin holdings compared to traditional securities? how much of their business revolves around this? a trivial amount.