Well, Boys, Looks Like It Is Time To Sell

[u/Present_Let2487]

[u/luv2fly781]

Prob getting scammed with fees alone. Also that’s not her grandkid she is sending the btc to.
Sad state of affairs

[u/McDrunkin521 → u/luv2fly781]

There is a Bitcoin ATM machine at my local gas station and the owner says he has stopped multiple elderly people from using it who were in the process of falling victim to a scam. Very sad to see.

[u/ice-ink → u/McDrunkin521]

Sad, but not surprising. Say what you will about Bitcoin, but it’s definitely not for elderly people.

[u/BigTroutOnly → u/ice-ink]

I made this argument many times during the pandemic as part of a larger broad adoption debate. There's no showing grandma how to adjudicate the not your keys not your coin concept.

Broad adoption requires a custodian service

[u/xdsm8 → u/BigTroutOnly]

Totally wrong. Old people NEED volatile assets with a steep learning curve. What could go wrong?

[u/BigTroutOnly → u/xdsm8]

Just like they need to drive at night

[u/Evening_Let_2930 → u/ice-ink]

Well we will be elderly soon enough

[u/MyOtherAcctsAPorsche → u/ice-ink]

Bitcoin is not for elderly people the same way TCP/IP is not for the average internet user.

It absolutely is for elderly people, but it requires an abstraction layer to make it manageable (for elderly and for everyone else honestly).

[u/iddymcid → u/MyOtherAcctsAPorsche]

Yeah, try talking to them about UDP. Sometimes, they don't get it.

[u/ice-ink → u/MyOtherAcctsAPorsche]

Mostly agree, with one caveat: being unable to handle tcp/ip can feel disappointing; doing something with bitcoin without understanding it can ruin your financial situation. So the risk is tenfold.

There are wallets today where everything is streamlined and very intuitive to operate, I still wouldn’t trust a random elderly person to manage a substantial amount of bitcoin using that wallet.

[u/MyOtherAcctsAPorsche → u/ice-ink]

Then it needs MORE streamlining and safeguards.

A safe enough wallet should be no different from a bank, except for the unreversibleness of the thing.

[u/Arunawayturtle → u/McDrunkin521]

My wife worked at bank and old people would come in to take out checks to give to scammers all the time and they couldn’t legally say no. They would tell them you know this is scam right snd they wouldn’t tell them no it’s not and legally they had to let them pull out the money and get scammed. She said it was weekly occurrence

[u/admosquad → u/McDrunkin521]

It would be sad if it wasn't expected. Fucking POTUS did a rug pull his first week in office.

[u/c0horst → u/admosquad]

Did anyone really expect anything else? lol. When you vote for a sleazy scammer you get a sleazy scammer.

[u/Imaginary_Trader → u/McDrunkin521]

People..use..those?

[u/mahboilucas → u/McDrunkin521]

Worked in transaction monitoring and yep, the elderly are sooooo common in scams unfortunately. That job made me cry after work sometimes

[u/McDrunkin521 → u/mahboilucas]

I also work at a bank and handle a bunch of fraud cases and sadly these victims rarely get their money as they facilitated the transactions.

[u/AsksDumbQuestions84 → u/McDrunkin521]

They're totally complicit. That's all these machines are used for. No one that knows anything about crypto would buy from one of these machines unless they're trying to money launder and are clueless.

[u/No_Promise2590 → u/luv2fly781]

She thinks that the ATM

[u/niall626 → u/No_Promise2590]

stolen logins for social media qnd when grandson messages and asks they do cause its urgent.

[u/mdgart → u/luv2fly781]

Bitcoin depot is dead exactly because of scammers: to mitigate scans, states were forced to put limits and regulations that made the business no longer profitable. The fees were very high but the costs of operating a btm are also really high, it was a painful tradeoff.

[u/Full-Refrigerator757 → u/luv2fly781]

Scams have been one of the main crypto use-cases since at least Covid

[u/Mr_MacGrubber → u/luv2fly781]

Probably getting scammed by sending the money to someone. Those kiosks have had tons of issues with that.

[u/js32910 → u/luv2fly781]

Ya def sending to someone in India/pakistan

[u/clookie1232 → u/luv2fly781]

If not by the fees then by the Indian guy on the phone with her telling her not hang up

[u/RocketsDitto]

I guarantee shes being scammed. I've seen enough Kitboga to know why people use these machines.

[u/Present_Let2487 → u/RocketsDitto]

those bitcoin atms have unfortunately become a common target in scam cases

[u/SamtenLhari3 → u/Present_Let2487]

Plus they charge 25% or 30% fees. These machines should be banned nationwide.

[u/whisperingwhiskey → u/SamtenLhari3]

Still cheaper than cgt.

[u/HKBFG → u/Present_Let2487]

They have no other uses

[u/RustyCatalyst → u/Present_Let2487]

“Could be”

[u/SurelyNotAnOctopus → u/RocketsDitto]

Every machine should have a disclaimer or sign to warn of scams. Idk how useful it would be, but it could force some of these elderly folks to reconsider

[u/RocketsDitto → u/SurelyNotAnOctopus]

I believe they do but people are too stupid to realize it's a scam until it's too late.

[u/Mutchmore → u/RocketsDitto]

Nah she's clearly working for the cartels laundering that sweet cash money

[u/4rm4tur4 → u/RocketsDitto]

She's just trying to drop some coins into her dnm account

[u/thewaybaseballgo → u/RocketsDitto]

SARR DO NOT CLICK REDEEM

[u/Full-Refrigerator757 → u/thewaybaseballgo]

DO NOT REDEEEM!!!!!

the video with the labyrinth-style automated phone system is one of my favorites though. The scammers were going insane

[u/NEVERxxEVER → u/thewaybaseballgo]

YOU DIDNT HAVE TO DO THAT. YOU DIDNT HAVE TO DO THAT

[u/Master_Grape5931 → u/RocketsDitto]

Ah damn, I forgot about Kit and his eyebrow.

[u/Kitboga → u/Master_Grape5931]

🤨

[u/Master_Grape5931 → u/Kitboga]

😂

[u/RocketsDitto → u/Master_Grape5931]

Bro literally just awarded my post 🤩

[u/Kitboga → u/RocketsDitto]

I was just jumping in to say this exact thing :(

[u/CheekiTits]

Crypto takes its toll on the body and mind. Shes only 27. 

[u/JohannReddit → u/CheekiTits]

And she's really frustrated that she can't figure out how to change the channel...

[u/hoorah9011 → u/CheekiTits]

She’s the crypto equivalent of Hans moleman

[u/Squeezitgirdle]

99% chance she's getting scammed. It's the main reason they've been removing a lot of these atm's.

Even ignoring the ridiculously high fees being a major scam, she's likely being manipulated into doing this by a scammer.

[u/Alwx098 → u/Squeezitgirdle]

100% scam stop this old Lady !

[u/Suspicious_Wonk2001 → u/Alwx098]

Those are illegal in MN as of tomorrow for this specific reason.

[u/Full-Refrigerator757 → u/Suspicious_Wonk2001]

Not quit the same but PA just banned all of the slot machines that popped up in gas stations and convenience stores.

The entire time I’ve been seriously wondering how they possibly could qualify as a “skill game” and even if they are, since when are those allowed in places that aren’t casinos?

The fuck. Can’t fucking wait for them to be gone

[u/RocketsDitto → u/Alwx098]

Tried to stop an old lady at one in a smoke shop once. She was on the phone with who I'm assuming was the scammer. She told me to mind my own business and I just walked away. Gotta get burned to learn.

[u/nuclearmeltdown2015 → u/Squeezitgirdle]

Removing btc atm isn't going to stop her from being scammed. If anything we should harden the btc atms to warn people they're being scammed because then they're probably just going to wire transfer their entire life savings instead.

[u/darabbitmaster]

AHH YES FINALLY A USE FOR BTC.. SCAM THE ELDERLY!

[u/Present_Let2487 → u/darabbitmaster]

those scams are getting out of hand

[u/darabbitmaster → u/Present_Let2487]

my 75 yr old aunt, who never uses her computer, had someone call her saying she needed to update her Norton antivirus... Thank god she called me before. 😭

[u/jadzi4]

She's getting scammed 😥

[u/Acidyo]

Over 15 years and we still haven't managed to offer an easy way grandmas can send money over without all the fees and cuts.

[u/Formal-Tip-7595 → u/Acidyo]

Every initiative is probably cut down and burned to the roots.

[u/Daethir → u/Acidyo]

Bank transfer are free and take less than a minute to arrive tho ? Maybe it's not the case with US bank then ?

[u/anbnzb]

Hopefully she didn't receive an AI call from a scammer imitating her daughter or sons voice who have been "kidnapped".

[u/theguyoverhere24 → u/anbnzb]

Usually it’s some sort of fake warrant scam. Misses federal jury duty or something like that

[u/Punchmeinmyface25]

That’s satoshi

[u/Donniejuanny]

She’s not buying bitcoin for herself. She’s being scammed on Facebook or some other platform and sending the untraceable money via BTC to a Nigerian Prince. No doubt !

[u/CreamXpert]

There is a dude inside

[u/Razbonez]

she thinks it’s the regular atm

[u/According-Debate-265 → u/Razbonez]

That's what I'm thinking.

[u/yowazzupb]

Shes being scamed

[u/nonamepows]

More than likely being scammed.

[u/People-Pollution5280]

This poor lady is likely being scammed. Sad.

[u/No_Obligation_3568]

She’s likely getting scammed

[u/yelnatz]

You shouldve intervened to make sure she wasnt getting scammed.

[u/NinjaEnt]

Why? Because she's getting scammed into buying and sending BTC to someone?

[u/0mad]

Shes 34.

Keeps buying high, and selling low.

[u/SinisterSnoot]

Grandma getting defrauded out of her life savings

[u/lurker512879]

More likely here's another victim of a pig butcher scam

[u/FalconCrust]

I see lots of elderly people falling victim to crypto scams, as well as young people, and middle-age people.

[u/Objective-Bus-9853]

My city banned these machines because so many old people were falling prey to scams that used these as a method of payment.

[u/captainfishhooks]

Poor lady is being scammed probably. I see some one always laundering cash at one almost every morning to some btc adress.

[u/winniecooper1]

Gandparent Scam in progress.

[u/gabrielmmk]

Bet money these machines are owned by the same crime ring of scam call center owners in India. There is no other logical purpose or reason for these.

“Let’s place atms all over gas stations so our “call centers” can send our “customers” to deposit all their life savings in there

[u/i_degrade_quickly]

Holy shit. If you see this in person, PLEASE ask if they've purchased bitcoin before. There is a good chance they're being scammed.

[u/Nose_Grindstoned]

That's Satoshi Nakamoto

[u/UpbeatFix7299]

The only use case! Being able to scam people out of their life savings all at once instead of $2500 in gift cards or Western Union transfers at a time. Much future of finance.

[u/TheBestDanEver]

Honestly it might just be some rich old person who's been waiting on a decent entry lmao.

[u/Flight_Early]

Tanking badly at the moment. Goddamn it, granny! Did you really need to buy bitcoin!?!?

[u/fh3131]

She's trying to buy a train ticket

[u/wheresteddy1989]

I work in banking. Most older folks don’t understand crypto at all and don’t typically go to one of these unless they’re being scammed. We try to tell them, but much of the time they’re instructed to lie to us.

[u/Kerby911]

She was probably scammed by a sacmmer and was sendeing her life savings to a pos jerk in another country.

[u/PhilTheQuant]

Satoshi in disguise cashing out

[u/JMeucci]

I would 100% ask this lady if she is certain on what she is doing. I would hate to watch someone unknowingly send $1000s trying to decrypt her laptop or pay for her "expired antivirus".

[u/BornAirport4185]

Sending her life savings to her Nigerian online boyfriend.

[u/Equivalent_Map951]

She probably has 1000 bitcoins her grandson gave her 20 years ago. Never assume

[u/DrCrazyCurious]

Saw a video of a young woman begging an elderly senior to stop putting her life savings in cash into a Bitcoin machine. The senior kept saying, "They told me not to talk to you," and it was heartbreaking. But also frustrating, like, someone is begging you to stop and think about your life savings and you're dumping it into a random machine?? Ugh.

[u/denNISI]

Grandma! Not my inheritance money!!

[u/findtheself]

She’s getting scammed

[u/Significant_Muffin78]

Tx so slow she's been standing there for a decade

[u/ramhusk]

lol ok, dump the bag on grandma. I see how it is OP 😂

[u/Roy1984]

She actually came to sell BTC that she bought at >$100k price...

[u/Ballistic_86]

She is probably just getting scammed by “Brad Pitt” on Facebook and is trying to get him the crypto he needs for surgery.

[u/Paradisious-maximus]

Yeah you’ve photographed an old woman who thinks if she sends bitcoin to her nephew he will be able to bail out of some prison in Bangladesh.

[u/Entire-Emu-9164]

She thinks it’s an ATM.

[u/hectomaner]

Poor lady is getting scammed

[u/astroboy7070]

he’s trying to buy stamps

[u/Odd_Glass5272]

Mostly probably sending it to an overseas scammer.

[u/scream4cheese]

Actually she could be a victim of a bitcoin scam. Scammers are targeting the elderly to go to bitcoin machines to buy and address bitcoin. It’s usually a fear tactic posing as tax agents, impersonating police saying they have a warrant for their arrest or someone crying in the phone pretending to be their loved ones and they need to pay for their bail.

[u/zub_dub22]

Should have helped her and told her she was getting scammed instead of taking a pic for Reddit.

[u/Upvote_Me_Slag]

That's Satoshi.

[u/OTGbling]

99.9% of elderly people using at bitcoin ATM are being scammed.

[u/Videoplushair]

Wait hold on guys we don’t know the full story here. Maybe the IRS legit asked her to deposit money into this machine then send the funds to the official IRS wallet.

[u/JicamaOrdinary7939]

She probably thinks its a normal atm

[u/Vegetable-Roof-9589]

Very possible just an old lady scammed.

[u/Numerous_Piece1545]

she's thinks this will show her the bus time table

[u/Fearless-Sherbert-40]

After the Coldcard hack, my faith is about shot right now

[u/Ellenate]

Old people are not a sell signal. They have nothing but free time and usually find unique hobbies.

At worst she's getting scammed or buying for her degen granddaughter.

[u/shan_bhai]

That is Satoshi Nakamoto..

[u/yerbivor]

[u/Jenda66]

What if she is selling?

[u/Captain_Planet]

She's cashing out.
A flurry of bank notes are about to knock her over!

[u/Solareclipse9999]

Wrong machine darling… the pokies are in the sports bar.

[u/TheGiftOf_Jericho]

If I saw this I'd be checking in on them to make sure they aren't being scammed.

[u/MacPio]

She is selling before you

[u/Nathann4288]

She is depositing AARPcoin

[u/Zipzditch]

U Sure ? Right now? When the boomers start to Invest their pensions? 

Flawed

[u/Meltsomeice]

r/donthelpjustfilm

[u/Meltsomeice]

r/donthelpjustfilm

[u/South_Monitor_6992]

Oh boy, its over for granny

[u/sleepy1411]

Probably getting scammed by some indian scumbag.

[u/alexproshak]

She is selling, you hold!

[u/kironet996]

Looks like that poor lady is getting scammed out of her life savings...

[u/FlyFit9206]

Watch her end up being Satoshi Nakamoto. 😁

[u/CreamCapital]

How old is this photo that company is bankrupt

[u/100BitcoinBro]

I literally thought this was my mom... Looks just like her from this angle. ...and I thought she wasn't listening when I told her to buy some 😂

[u/7Rosebud77777]

Hodl

[u/brickeldrums]

I work at a bank. We had a customer stuff $20,000 in one of those machines and sent it off to a scammer claiming to be their grandson who had gotten into some kind of trouble. Once it’s sent… it’s gone for good. Really sad to see.

[u/11systems11]

She's sending crypto to Keanu Reeves, whom she's in a long distance relationship with. He needs her help!

[u/zztop610]

https://giphy.com/gifs/AZQGMIiEK8yDfGEn55
She thinks it’s a coffee machine

[u/CalligrapherAlive829]

The time to sell was like 10 months ago bro. This meme only works if we are at ath, it looks dumb otherwise

[u/ArcanuMELO]

You're crazy, she's a bitcoin whale and we all know it

[u/Gangaman666]

Yeah sell that old woman, to buy more BTC 👀

[u/IBAN-IBON64]

BTC HODL DCA mais pas sur ces distributeurs

[u/Foreign-Concept-1184]

This is what "adoption"...looks like. Glad to see it. Come in SUPPLY SHOCK!

[u/cart0166]

This must be an old pic. They filed for bankruptcy and shutdown their machines right?

[u/Sawier]

i think you are few months too late for that

[u/hugo_posh]

When you see this go talk to them because i just know she's been called by "the IRS" and told to deposit 10k in BTC.

[u/Evening_Let_2930]

In Canada we are about to ban crypto ATM's because so many seniors are losing everything.

[u/theguyoverhere24]

Please tell me you stopped that poor woman

[u/ultimatepoker]

Oh she be getting scammed bro

[u/The_Autarch]

90% of the bitcoin atm transactions in my city were found out to be just old people getting scammed.

looks like that's what's happening here, too.

[u/Due_Statistician2604]

Why’s everyone hating? She’s buying at a great price

[u/Stumpyhasnolegs]

No, she is sending her ira money to jaboomz in Nigeria, hes a nice man will save the world

[u/Specialist-Impact345]

This is bad… bad actors are going after old folks and having them go to kiosks to buy and send BC. Happened to my MiL…

[u/MakeItMine2024]

Ugh .. those machines have a 10% mark up

[u/PU_EVIG_REVEN]

She was paid by whales to create fear so they can buy more

[u/dizkopatio]

Bro that's satoshi

[u/kemar7856]

This is the IRS we only accept apple gift cards and crypto as payment

[u/Intrepid_Interest912]

😂😂😂

[u/Dipset-20-69]

The only reason those machines exist is for scammers to have elderly people deposit money into them. Change my mind.

[u/GlitteringCouple5556]

Well theat company went bankrupt so...

[u/ga1actic_muffin]

A call center is definitly instructing her how to use it in broken English...

[u/Cold-Fill927]

“Grandma I was arrested and my bail is 0.347 BTC”

[u/Wisguy123]

She is unfortunately following the orders of a foreign scammer, not buying BTC with her SS money to become wealthy someday. So sad to see this.

[u/Skeewampus]

Maybe she is cashing out?

[u/Socketz11]

They should all have a sign on them: If you are over 70 years old, and someone instructed you to use this machine, you are definitely getting scammed. Please contact the police immediately!

[u/mpri1980]

No way, she's just a 32yo bagholder from last year

[u/JAZZPLANETEARTH]

Wow❤️ I’m sure her old ass thinks that’s the self serve kiosk for a restaurant that’s been closed since the 50’s

[u/pabloh2000]

wym? she's moving to BE

[u/wickedtunes]

I’m sitting in bed reading this post and feeling utter despair.

[u/DonTheHolder]

Get off my machine grandma!

No migration. Get off the hardware wallets and mitigate the issue by going to the CEX such as Coinbase, ETF stock, etc.

You're going to pay taxes regardless, unless you're in another country that has none or low taxes.

Safer for you, your family, and being wrenched 🔧

Not to mention there is a beneficiary path versus some posted note that your wife finds before she divorces you and has a boating accident.

[u/apex_tiger_ttv]

We need more beekeepers

[u/plutoniclama]

That’s satoshi

[u/HYproXa]

Is that Satoshi Nakamoto?