Post
Topic
Board Bitcoin Discussion
Re: Bitcoin ATM/ 2 Way
by
jklaw
on 06/11/2017, 04:14:06 UTC
Curious about your proposed business model; why do you think a pool is going to want (be willing) to sell you bitcoin at a discount?Huh  They can sell easily at full price.   All day every day.

You can buy from exchanges too, even just buying the dips, to stock your machines and you are absolutely correct, if the price crashes you are taking it in the shorts.  The bright side is the machines near me charge outrageous amounts so you can make a quite a bit in short order and you can also spread your buys out as time passes to ensure your buy price is close to current.   You could buy daily if you needed to.

Instead of thinking about multiple ATMs and not being able to afford BTC, you are probably better off thinking about one ATM and a supply of btc.   If you want less hassle you can also do a one way/ buy only atm and cut down on your responsibility.    There can be significant cost with setting up a certified money business too.    Most of the research I've seen indicates a $10-30k per month buy from ATMs at really good locations, so a few BTC will go a long way at most locations.