Has Anyone Ever Tried Selling Bitcoin on a Market Stall? - page 2.

Pettuh4

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Quote from: Imaginary Entity on March 04, 2017, 03:49:33 AM

I just wondered if anyone here had set up at a market and tried to sell Bitcoin to the public/tourists?

I think it's be a bit of advertising for Bitcoin for people that walk past and people may buy as novelty gift etc. (if done as fancy paper wallet).

I'm considering trying this in London, what do you guys think?

Not practical because all those that will buy or sell to you at the end of the day will need a computer to load them into the blockchain somehow and the bad people can come up with fake paper keys that they will be selling that can create a bad name for Bitcoin.

Soul Reaper

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It seems that you have interest in bitcoins.
But don't let this interest turn to madness.
Selling bitcoins on stalls is not at all a good idea.
Firstly bitcoin is a currency so you should not sell it .
You should distribute it.
Bitcoin is not a physical currency ( it's not a coin)
Unlike physical currencies it is not so easy to distribute to a huge number of people.
Some of my transactions have taken even 10 hours to complete.
Also the government of your country might not allow you to do so!

AngryDwarf

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Quote from: jtipt on March 04, 2017, 08:02:56 AM

The thing is even if you do this it highly unlikely there would be a bitcoin user among the tourists and that too who wants to buy BTC for you. Also If i was visiting London and i see someone selling BTC like this, I probably would care thinking someone is trying to scam as we all know BTC community is full of scammers.

Yes. Plus if someone is selling a paper wallet, can't they simply keep a copy and have access to the private key?

jtipt

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The thing is even if you do this it highly unlikely there would be a bitcoin user among the tourists and that too who wants to buy BTC for you. Also If i was visiting London and i see someone selling BTC like this, I probably would care thinking someone is trying to scam as we all know BTC community is full of scammers.

AngryDwarf

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Any legal issues aside, I think the biggest problem selling to the uneducated masses in this way is that they are going to require a lot of support to understand what they should do with a paper wallet. And I don't think bitcoin is ready for these people yet.

AjithBtc

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I haven't tried to sell bitcoin in a market stall. It is not that common to be sold in a market stall. In future, situations might prevail to give us such an opportunity to sell bitcoin.

maydna

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Quote from: Imaginary Entity on March 04, 2017, 03:49:33 AM

I just wondered if anyone here had set up at a market and tried to sell Bitcoin to the public/tourists?

I think it's be a bit of advertising for Bitcoin for people that walk past and people may buy as novelty gift etc. (if done as fancy paper wallet).

I'm considering trying this in London, what do you guys think?

i am not yet trying to do like what OP asked because i think it is not enough information for public/tourist about bitcoin and also there is many problem that i could face like, i should explain first what my purpose is, maybe i should explain the basic of bitcoin. i think ordinary people is too scared for new thing that they don't have much of informations so i think we need a time before we can sell bitcoin into public/tourists but i am sure we can see that in future. but if you are in london, maybe in your city, you can trying to sell your bitcoin into public because i think london is a big city with many people that will accept new thing especially in technology aspect so maybe you can start your own market.

googlebtc

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at least you will also launch a campaign, I think in london probably not many people know bitcoin, if indeed it is a pretty good idea would facilitate people london buy bitcoin, my advice you also need to provide an explanation of about bitcoin

Velkro

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Quote from: Juggy777 on March 04, 2017, 04:28:33 AM

Do not do this kind of stuff, I understand you are enthusiastic about Bitcoins but this idea is not good at all. Firstly do you realize transactions take lots of time to happen. Secondly Bitcoin is not a good that you can sell on a stall, it's a currency. Bitcoins is supposed to be done anonymously not publicly, and it will have you in serious trouble as Bitcoin is not a recognised currency, secondly you do not have the licence or permission to indulge in this kind of activity. If you want to sell, you can do here but considering your Rank you will have to use a escrow. Or try out localbitoins, you could set up a stall to give knowledge on Bitcoins that's fine but definitely not what you trying to do.

Sadly agree, too many complications in such endevour.
Hoewever, someone will probably try and then he could tell us how it went Tongue

That will be interesting stuff to read.
Good luck to whoever will try.

bitjoin

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Quote from: Imaginary Entity on March 04, 2017, 03:49:33 AM

I just wondered if anyone here had set up at a market and tried to sell Bitcoin to the public/tourists?

I think it's be a bit of advertising for Bitcoin for people that walk past and people may buy as novelty gift etc. (if done as fancy paper wallet).

I'm considering trying this in London, what do you guys think?

I'd always be worried about being targetted. It only takes 1 nutter to follow you home after and mug you. I reckon it works better if you can own a shop with an ATM, even if you are funding the ATM trades.

Jet Cash

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I tried to do it using a McDonalds, well actually I was trying to buy rather than sell.

Didn't have any luck though.

Juggy777

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Do not do this kind of stuff, I understand you are enthusiastic about Bitcoins but this idea is not good at all. Firstly do you realize transactions take lots of time to happen. Secondly Bitcoin is not a good that you can sell on a stall, it's a currency. Bitcoins is supposed to be done anonymously not publicly, and it will have you in serious trouble as Bitcoin is not a recognised currency, secondly you do not have the licence or permission to indulge in this kind of activity. If you want to sell, you can do here but considering your Rank you will have to use a escrow. Or try out localbitoins, you could set up a stall to give knowledge on Bitcoins that's fine but definitely not what you trying to do.

Imaginary Entity

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I just wondered if anyone here had set up at a market and tried to sell Bitcoin to the public/tourists?

I think it's be a bit of advertising for Bitcoin for people that walk past and people may buy as novelty gift etc. (if done as fancy paper wallet).

I'm considering trying this in London, what do you guys think?

Topic: Has Anyone Ever Tried Selling Bitcoin on a Market Stall? - page 2. (Read 1055 times)