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Topic: What about the idea of a bitcoin shop in big cities? - page 5. (Read 29063 times)

sr. member
Activity: 406
Merit: 250
It is a unique and interesting idea, I am wanting to know who you are, what you do and why you ask about it. The problem here is that you can not predict the situation, and if you do business with bitcoin, you will have to accept big changes from it, you can get rich in just a few days, but you can also Losing a large amount of money just after a few hours. Bitcoin is a world currency, and its value is always changing. This is why poor people can not use bitcoin.
legendary
Activity: 1106
Merit: 1005
Hey Guys,

what would be your opinion if there would been Bitcoin shops in big cities like London, Berlin or Paris (also smaller cities).
So you could go inside the shop and buy or sell Bitcoin for a good price.

I think it would be an good (and an advantage) idea because more people would use Bitcoin so the price would rise up and the people who are owning Bitcoins at the moment would have more money in Bitcoins. Wink

Best regards,

Patrick Smiley

I think it's a little wasteful to have an entire building dedicated to this as you can just place a few ATMs instead.

Although a physical store that accepts bitcoin, while also having some ATMs could be nice.

But first we'd need to get a bit more stability in bitcoin because right now the fundamentals are made of sand.
sr. member
Activity: 756
Merit: 257
Freshdice.com
Hey Guys,

what would be your opinion if there would been Bitcoin shops in big cities like London, Berlin or Paris (also smaller cities).
So you could go inside the shop and buy or sell Bitcoin for a good price.

I think it would be an good (and an advantage) idea because more people would use Bitcoin so the price would rise up and the people who are owning Bitcoins at the moment would have more money in Bitcoins. Wink

Best regards,

Patrick Smiley
It would be better to widespread the market of bitcoin and give advantage to people in order for them to get the advatages from bitcoin. Decentralization of a coin can help in order to lessen the charged being charged by exchanger. Through this, the market movement of bitcoin would not be unoncisistent then, hence there would be no volitality.
newbie
Activity: 14
Merit: 0
 :)what's this like a money exchanger for btc? not a bad idea mate, the intention is when you are not in your country and you only have computer and you can just go your web wallet and you can get your money to be use on that particular big cities i like that mate personally. good luck.
sr. member
Activity: 378
Merit: 250
It's good to have shops in big cities that accept bitcoins. But I guess it's not a big deal anymore as it can be use only for making bitcoin as another option. And store owners aren't going to risk their businesses for a 'bitcoin only' shop. It could be good for us if they are going to do that and it's a good way of advertising bitcoin too.
yes i agree with you that  in big cities as the users of bitcoin will be more as compare to small and backward cities, but i think big cities are more expensive to start a new business, so you need to analyze your investment and then take a right decision
legendary
Activity: 3234
Merit: 2112
I stand with Ukraine.
I don't think it is a better idea than the Bitcoin ATM right now which is in operation in different locations in Canada. Having a shop dedicated for buying and selling Bitcoin is not an appropriate business because you will need a bigger space compared to the Bitcoin ATM machines we have right now.  You have a good idea but we have something right now which is in operation is better.

I agree. Why persuade every shop owner to accept Bitcoins, which is not easy to do as we all know, if it's possible to install a Bitcoin ATM in a shopping center and thus solve many problems at once.

So I think Bitcoin ATM is a better option for now. And in the future, I'm sure, we'll see a lot of announcements like "We accept Bitcoin" on shops, but this will take time to come.
hero member
Activity: 2968
Merit: 600
Eloncoin.org - Mars, here we come!
It's good to have shops in big cities that accept bitcoins. But I guess it's not a big deal anymore as it can be use only for making bitcoin as another option. And store owners aren't going to risk their businesses for a 'bitcoin only' shop. It could be good for us if they are going to do that and it's a good way of advertising bitcoin too.
hero member
Activity: 1806
Merit: 671
I don't think it is a better idea than the Bitcoin ATM right now which is in operation in different locations in Canada. Having a shop dedicated for buying and selling Bitcoin is not an appropriate business because you will need a bigger space compared to the Bitcoin ATM machines we have right now.  You have a good idea but we have something right now which is in operation is better.
hero member
Activity: 648
Merit: 502
Bitcoin usage in big cities would gradually increase when every merchant till the manufacturer accepts Bitcoin, because as the value is volatile, the end seller will fear of accepting Bitcoins.

Fear is already around us when we step into this field, risk doubts, and even some of us is thinking of backing out. But I think the volatility will somehow become stable when Bitcoin is implemented in big cities. New York ? London ? Big cities means big infrastructures and companies. It would be a dream when that time comes. Big shops and restaurants is what were talking about here. Imagine if they accepts Bitcoin as a payment, that stability will increase because of the demand and the popularity will grow because it is in the big cities and the fear will decrease to both end sellers and users.
hero member
Activity: 994
Merit: 544
Hey Guys,

what would be your opinion if there would been Bitcoin shops in big cities like London, Berlin or Paris (also smaller cities).
So you could go inside the shop and buy or sell Bitcoin for a good price.

I think it would be an good (and an advantage) idea because more people would use Bitcoin so the price would rise up and the people who are owning Bitcoins at the moment would have more money in Bitcoins. Wink

Best regards,

Patrick Smiley
Are you asking about Shopping like supermarket which is accepted bitcoin as payment? Well, if that's the case situation that would be great idea, more people will become familiar with it. Only my wish was if that happened in all countries I guess the internet must have a strong data connection in to that shops.

Big shops and supermarkets have their eyes on bitcoin already but the reason why they are not biting it is due to the slow confirmation of transaction and high miner fees. They have seen a huge disadvantage in using bitcoin due to those aspects and they believe that bitcoin could only be suitable for online transactions and not for actual shopping.
sr. member
Activity: 406
Merit: 250
The dea to open shop in some of the cities is almost impossible in this moment but it should be ggod. I think this simply cause that shop will not have enough customers to make any profit. After some time that shop will be just one big failure.
And online shop is probably cheaper to run, you can run it basically from home, you don't need to pay for rent for space, and other taxes and expenses that have running the shop. More chances is that some of the shops start to accept bitcoins, that can help some shop to attract buyers from that area.

I do not think so as well, as long as the store also accepts payment by fiat and receive payment in the form of bitcoin. Because if the store only accepts payment in the form of bitcoin I think it would be less profitable, because bitcoin users seldom want to shop in person by coming to the store. It's better if we can buy them online as well, because I am as bitcoin users prefer to use online without having to leave the house. Thank you
sr. member
Activity: 322
Merit: 250
The dea to open shop in some of the cities is almost impossible in this moment but it should be ggod. I think this simply cause that shop will not have enough customers to make any profit. After some time that shop will be just one big failure.
And online shop is probably cheaper to run, you can run it basically from home, you don't need to pay for rent for space, and other taxes and expenses that have running the shop. More chances is that some of the shops start to accept bitcoins, that can help some shop to attract buyers from that area.
hero member
Activity: 490
Merit: 500
I don't get it, how can you expect to earn a profit if you are not willing to risk your money?
The question of course is interesting, but the fact is that there are a lot of opportunities to invest your money with minimal risk. But only if a person wants to receive more than profits, then there is no risk not to do. And if, for example, invest in real estate and receive from a lease, then there is almost no risk.
i thin bit cities are more expensive as compare to small town.therefore i think it is good idea but it i think if you can afford to keep a new shop on rent, because you have to pay high rent in big cities.
yes that is very right that in big cities it is not an easy job to start a business as the expenses in big cities are more but i think there the opportunities o make more and more money from trading.
sr. member
Activity: 329
Merit: 254
I don't get it, how can you expect to earn a profit if you are not willing to risk your money?
The question of course is interesting, but the fact is that there are a lot of opportunities to invest your money with minimal risk. But only if a person wants to receive more than profits, then there is no risk not to do. And if, for example, invest in real estate and receive from a lease, then there is almost no risk.
i thin bit cities are more expensive as compare to small town.therefore i think it is good idea but it i think if you can afford to keep a new shop on rent, because you have to pay high rent in big cities.
sr. member
Activity: 261
Merit: 250
I don't get it, how can you expect to earn a profit if you are not willing to risk your money?
The question of course is interesting, but the fact is that there are a lot of opportunities to invest your money with minimal risk. But only if a person wants to receive more than profits, then there is no risk not to do. And if, for example, invest in real estate and receive from a lease, then there is almost no risk.
hero member
Activity: 655
Merit: 500
Hey Guys,

what would be your opinion if there would been Bitcoin shops in big cities like London, Berlin or Paris (also smaller cities).
So you could go inside the shop and buy or sell Bitcoin for a good price.

I think it would be an good (and an advantage) idea because more people would use Bitcoin so the price would rise up and the people who are owning Bitcoins at the moment would have more money in Bitcoins. Wink

Best regards,

Patrick Smiley
Are you asking about Shopping like supermarket which is accepted bitcoin as payment? Well, if that's the case situation that would be great idea, more people will become familiar with it. Only my wish was if that happened in all countries I guess the internet must have a strong data connection in to that shops.
i think yes. but in fact i do not think that it is so easy to start a supermarket in big cities because in big houses you have to pay more and more which a new person cannot afford, therefore i will like to say that it is really a good idea but still i think it is one of the most difficult idea also  to be completed.
sr. member
Activity: 619
Merit: 250
Hey Guys,

what would be your opinion if there would been Bitcoin shops in big cities like London, Berlin or Paris (also smaller cities).
So you could go inside the shop and buy or sell Bitcoin for a good price.

I think it would be an good (and an advantage) idea because more people would use Bitcoin so the price would rise up and the people who are owning Bitcoins at the moment would have more money in Bitcoins. Wink

Best regards,

Patrick Smiley
For buying and selling bitcoins, there is already localbitcoins.But ,as per your idea,if we have bitcoin shops,it would attract more people towards bitcoin and it would even create curiosity among new people who dont even know about bitcoins.Hope,it would come sooner in big cities.
Local Bitcoin takes more time to receive and send Bitcoin. Trading platform is much more better. You can try the Poloniex. It has the usd/bitcoin trading and you can easily convert Bitcoin into dollar and dollar into Bitcoin
hero member
Activity: 490
Merit: 500
Hey Guys,

what would be your opinion if there would been Bitcoin shops in big cities like London, Berlin or Paris (also smaller cities).
So you could go inside the shop and buy or sell Bitcoin for a good price.

I think it would be an good (and an advantage) idea because more people would use Bitcoin so the price would rise up and the people who are owning Bitcoins at the moment would have more money in Bitcoins. Wink

Best regards,

Patrick Smiley
For buying and selling bitcoins, there is already localbitcoins.But ,as per your idea,if we have bitcoin shops,it would attract more people towards bitcoin and it would even create curiosity among new people who dont even know about bitcoins.Hope,it would come sooner in big cities.
newbie
Activity: 5
Merit: 0
I don't get it, how can you expect to earn a profit if you are not willing to risk your money?
sr. member
Activity: 440
Merit: 250
Hey Guys,

what would be your opinion if there would been Bitcoin shops in big cities like London, Berlin or Paris (also smaller cities).
So you could go inside the shop and buy or sell Bitcoin for a good price.

I think it would be an good (and an advantage) idea because more people would use Bitcoin so the price would rise up and the people who are owning Bitcoins at the moment would have more money in Bitcoins. Wink

Best regards,

Patrick Smiley
Are you asking about Shopping like supermarket which is accepted bitcoin as payment? Well, if that's the case situation that would be great idea, more people will become familiar with it. Only my wish was if that happened in all countries I guess the internet must have a strong data connection in to that shops.
but i think in very few places the shopkeepers will be accepting bitcoin as legal currency, while in most of the place and specially in backward countries people are not taking interested and that is the reason that bitcoin is still the shopkeepers are not interested to accept bitcoin as legal currency.
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