Author: Leon Woods

ATM Bitcoin Near Me – How To Find It

Should you use Bitcoin ATMs? In 2020, there are over 6,080 of these machines. Where can you find them, and should you even consider them?

It’s a matter of time Bitcoin ATMs spread around the world. Many people like the idea of turning Bitcoin right into cash.

Depending on your financial decisions, it can either turn into a gold mine or a money pit. First, let’s see where you can find one.

Bitcoin ATMs In Over 75 Countries

Over 60% of the ATMs located in the US and 25% are in Europe. Yet, this technology is unequally dispersed. Some states have over 200 ATMs; others have less than five. The business activity may influence this trend after all.

You can find them anywhere in mainstream cities. NYC, San Francisco, London, Melbourne, Paris, Tokyo, or Hong Kong.

For most of the investors, unfortunately, ATM locations may be too far from them. It’s not that simple for habitual investors.

Do We Really Need Bitcoin ATMs?

Bitcoin has been growing like crazy this 2020. You may wonder: “why doesn’t it keep expanding locations?”

Obviously, more and more people are joining the crypto market. But ATMs have disadvantages that online platforms don’t have.

  • If you need to buy or sell as soon as possible, location is a limitation. However, this issue will quickly solve as Bitcoin grows in the future.
  • ATM takes 5% to 10% of your amount. It doesn’t become a problem until you want to cash out larger sums. If ATMs are your only way to get Bitcoins out, it will be very hard to make profits. At least, you need to beat the market by 10% only to break even.
  • to get your information and clear the account. Did we mention blockchain transactions are impossible to undo?

Thankfully, Bitcoin is setting multiple verification measures: mobile Pins, code authenticators, or wallet encryption.

Convert Bitcoins And USD In ATMs

With the advanced models, you can both buy and sell Bitcoins, assuming you still have money left after fees.

In order to make money with ATMs, Bitcoin needs to skyrocket. Mind that each location has a different percentage fee. Plus, ATMs are convenient when you have no connection to exchange online.

If you need money right away and have no trading peers, ATMs are also a good choice, if not the only one. You should only use them as your last resource.

Once service fees reduce, you can expect ATMs to get to more locations.

Although Bitcoin ATMs are far from efficient, it helps the crypto-currency to become accessible and grow the market. Not even mentioning the many global companies accepting Bitcoin already. It’s 2020 and you can fund your Microsoft account, pay mobile bills or buy a Bitcoin shirt.

Even a 6% fee makes no difference for low amounts. After all, people spend cash for small daily expenses, not large purchases. And if you need to cash out anyway, peer-to-peer trades are far more efficient than ATMs.

When using large numbers, avoid fees at all costs. People should still use online exchange sites more often than ATMs.

Bitcoin stock price: what’s really behind it?

The bitcoin price is known for its sudden, massive moves and sometimes unpredictable behavior. Many people don’t understand how bitcoin can be so volatile, and are scared about its price. What’s the matter? What factors lie behind it? Let’s shed some light on why this happens

Whale activity

The bitcoin world has a notion of so called “whales”, very big holders. These are people (or entities) who possess absolutely massive numbers of bitcoin and are adept at manipulating the price. Whales can potentially orchestrate a sell-out, triggering other market participants. This, of course, causes bitcoin stock prices to go down substantially. However, the effect is usually not permanent: the price tends to recover after a certain time has elapsed. Whales can also cause a massive, rapid upswing, or an upward move. It’s not uncommon for bitcoin to reverse its direction out of a sudden. What do whales really pursue? Often, they simply hunt so called margin traders. Bitcoin margin trading, a highly risky activity, became increasingly popular. Margin traders usually have a certain price trigger after which they buy or sell at a loss. This is precisely what many whales are after.

Greed and fear

Bitcoin stock prices are largely driven by retail interest, meaning regular people with regular jobs and interests. Of course, such people are affected by mass psychology. When the price is on the rise, they become greedy and desperate not to miss out. When whales cause it to drop, they’re overwhelmed with fear. Another important factor is news: new announcements by the SEC can cause mass panic, while more positive news bring the opposite.

The China factor

China and bitcoin are traditionally intertwined. Bitcoin is produced by so called miners, server farms with specialized equipment (mining rigs). China is home to the biggest mining companies because of its cheap electricity prices. Chinese miners produce most of new bitcoins, which means they can manipulate the price as well. They’re very big holders and are able to influence the charts. On top of that, Chinese cryptocurrency regulations also come into play. When the Chinese government announced restrictions on bitcoin trading, it affected bitcoin stock prices severely. Nonetheless, Chinese users still remain very active users of bitcoin, and China-based exchanges make up a substantial share of all exchanges, including such prominent ones as Huobi.

Future expectations

Because of the so called “stock-to-flow” factor, the bitcoin price is expected to go up in the long term (even though it still can be subject to rapid downfalls). Stock-to-flow means how much of a certain asset we need to produce to reach its current supply, based on its current production quota. In case of bitcoin, this number is surprisingly high. Meaning, only a very small number of new bitcoins is produced every year, while the total supply remains very huge. Indeed, the basic rule of economics tells us about supply and demand. Fewer of new bitcoins means that the supply becomes narrower, while the demand coming from users remains the same. In the end, this is great for the price.

Information About Bitcoin Mining Calculations

Bitcoin Mining Calculations

Bitcoin mining calculations can help you to predict the profit you will make according to different factors which influence the operation of mining. This works with the help of the simple principles.

To take the input values of the mining hardware to feed into Bitcoin Mining Algorithm, do the calculations and also predicts the revenue or profit. You can also know the number of bitcoin profitability and generated at the same time. Here is how the bitcoin mining calculation is done.

Basically, you are required to consider the Hash rate of the miner, which means when the hash rate is high, the mining of bitcoin will be faster. You can measure Hash Rate in GigaHashes per Second (GH/s).

Another thing you are required to do is to enter the power in Watts, which the mining device consumes. Once you have done that, the power price is considered which you get electricity.

When the price of electricity is lower, the operation of bitcoin mining is profitable. Also, poor fee percentage is considered as many pools for the bitcoin mining charge small fee. After you have deducted the percentage of the fees, you are sure of getting the clearer, having better picture of the mining profitability.

Difficulties in mining is also a factor which is considered. Since the time bitcoin network went on live, difficulties in mining have constantly been increasing where when the difficulty is high, miners who are mining bitcoin are harder.

Block reward becomes the crucial factor basically on the numbers of the bitcoins being released upon solving the block where this number keep reducing with 50% after 4 years.

The existing block reward is about 12.5 BTC in every block that can reduce to about 5.25 BTC in every block in the month of 2020. Likewise, bitcoin price takes into account when for bitcoin mining calculations. This has a major impact on the profits of bitcoin mining.

Need for the bitcoin mining calculations

Mining is more than something you may do to gain in bitcoin. This is the proper investment which requires detailed through the process. No investment can be made without considering profitability because bitcoin mining calculations helps in determining the profitability of the mining operations.

Considering this in the field of cryptocurrency, all things are dynamic where you are required to track the progress and also how profitability the mining operation work.

Sometimes these change of dynamic can be internal like increasing difficulty in mining or drop in a block reward. Nevertheless, external changes are there like change in poll fees percentage or cost of electricity.

When you keep these factors in your mind, they are very important, and any change to these factors can change the mining operations’ profitability. The crucial factor, on the other hand, continues being the operation of bitcoin mining. once the bitcoin price goes high, the more profit becomes in the mining operation.

If there is a lower fall in the price of bitcoin, the profits will fall this giving the idea of how bitcoin mining calculation is done.

The 3 best sites to buy Bitcoin with debit card

Buying Bitcoin with debit card wasn’t that easy a few years ago, but now, thanks to companies like the ones we’re going to recommend below, the process is simple and very fast.

In this article we will show you the 3 best exchanges that you can use to buy bitcoins with a debit card, and we will briefly mention their advantages and disadvantages, so that you can choose the one that best suits your needs.

That said, we suggest you use one of the services we recommend here or do your own research before buying from a different place. There are many untrustworthy sites that just want to steal your debit card details, and unfortunately in this type of market scams are very common.

So read on to find out about the best places to buy bitcoins with a debit card!

Bit2Me

Bit2Me is the largest Spanish cryptocurrency exchange. It has been operating since 2015 and was the first company in the world to allow bitcoins to be converted to euros in cash using traditional ATMs. As advantages, we can mention that its customer service is very efficient and is in 2 languages, Spanish and English. The delivery of the bitcoins is made in less than an hour, and it is possible to make purchases from 30 euros. The commissions are lower than average, and although some countries cannot work with this exchange, they accept transactions from most countries in the world. Unfortunately, the exchange rate is not one of the most favourable on the market, so you may be able to find a better deal elsewhere.

Coinmama

Coinmama is a broker specialized in the sale of bitcoins through debit and credit cards, which makes it ideal for this type of transaction. Its service is fast, efficient and secure, and probably you will receive the bitcoins in your wallet almost instantly once the purchase process is completed. Unfortunately, since this is their biggest strength, the commission they charge when buying bitcoins with a devit card is relatively high, at least compared to similar services. However, it is possible to purchase a very high amount of bitcoins, which is not the case on all sites of this type. Coinmama accepts transactions from almost every country in the world.

Coinbase

Coinbase is the world’s largest criptocurrency broker. It has over 20 million clients in 33 countries, and has an excellent reputation. Both the wallet offered by this platform and the possibility of acquiring various crypto currencies make it one of the best sites for those just entering the world of bitcoin. Coinbase’s debit card purchase fee is 3.99%, which is one of the lowest in the industry. However, buying bitcoins with debit card is only available to select countries, so you’ll need to make sure you can do this from the country you’re in.

As you can see, it’s difficult to know which is the best option when buying bitcoins with debit card as the options are almost endless. That’s why it’s always best to try several of the sites we mentioned, with small amounts at first, and once you know how they work and feel comfortable you can start buying larger amounts in the one you like best.

We hope this article has cleared up any doubts about buying bitcoins with a debit card.

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