Cigar shops, new bitcoin ATM target, whale hunting, and the three tiers of ATM grading.

 I have begun to target cigar shops, they kind of cycled in my rotation when I was placing for smoke shops. I was hesitant at first, but I noticed a few things about Cigar shops which changed my mind.


1. Centralized locations. Cigar shops, are; as you can imagine, mostly downtown which put them smack dab in the middle of a huge percentage of traffic.

2. Long operational hours. It's not what you think, I know...These baby's actually operate crazy long hours, like 10am-11pm which allows more bitcoin purchase/sales.

3. Rich and older male clientele. As more wallets integrate bitcoin purchases within the wallets directly, we have to look at targeting older clientele. Seniors are less trusting about wallet purchases, and prefer to buy in the flesh.


This leads perfectly into my next topic, whale hunting.


Are we saturating parts of our market, and therefore missing out on opportunities? More ATM operators are only going for 24h gas stations, They are completely foregoing wealthy zip codes, or just trying to float as many ATMs as possible to try to see if whale customers buy en masse. 


Next I want to get in to the three ways I grade bitcoin ATMS (grading here refers to how rugged a machine is to operate in a variety of scenarios)


Soft grade: These are ATMs which require direct oversight, by say a store cashier.

Medium grade: These are ATMs which do not require direct oversight, but need passers by to report abuse or robbery. We may find these ATMs inside indoor train or bus terminals.

Heavy grade: This horizon has yet to be crossed by any bitcoin ATM company. These are analogous to drive through bank style ATMs. They are resistant to outdoor elements and abuse.

Thank you all.

-Andrew

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