I really thought this time last year that we would have a lot more
bitcoin ATM machines. There is so many people on localbitcoin especailly
in certain areas. I just really thought I would see more in heavily populated
areas. Why do you guys think there isn't many out there still? I know the one
I saw in California had ridiculous fee's but I think people still used it a lot.
Because people don't really need bitcoin atms when they can trade bitcoins more anonymously and quickly with sites like localbitcoins and paxful. With bitcoin atms you have to provide ID.
They are probably running low of volume as well, which decreases the profitability of these ATMs. That's why there are no new ones right now.