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Author Topic: What about the idea of a bitcoin shop in big cities?  (Read 29067 times)
blackmachinegun
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August 01, 2016, 01:45:49 AM
 #61

it will be too good for bitcoin users if we get bitcoin shop mean bitcoin currency exchange shop in everywhere then bitcoin will be get more popularity and bitcoin will be get more stronger .
yeah it would be helpful to the user's own bitcoin. of course people will be more likely to spend their bitcoin. because they have easy access to shopping with their bitcoin. there are many benefits that can be obtained for bitcoin when there is a store that accepts bitcoin. of course it will create demand and of course this is a passive ads

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August 01, 2016, 02:10:45 AM
 #62

it will be too good for bitcoin users if we get bitcoin shop mean bitcoin currency exchange shop in everywhere then bitcoin will be get more popularity and bitcoin will be get more stronger .
yeah it would be helpful to the user's own bitcoin. of course people will be more likely to spend their bitcoin. because they have easy access to shopping with their bitcoin. there are many benefits that can be obtained for bitcoin when there is a store that accepts bitcoin. of course it will create demand and of course this is a passive ads


It is good and also i think the charge of exchanging bitcoin is too low if there is stores or shop accepting bitcoin exchange in every cities in our country and it also help to increase the supply and demand of bitcoin.
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August 01, 2016, 02:20:05 AM
 #63

Thats a great Idea thou you can create your own Bitcoin Store where you can buy things and also you can also sell things. Like buy and sell store. But most importantly is you are using Bitcoin in transacting. This is good thou because you are implementing the Bitcoin currency in the world. But the most problem nowadays is only few people are only using bitcoin. So thats a big problem these days
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August 01, 2016, 02:27:08 AM
 #64

it will be too good for bitcoin users if we get bitcoin shop mean bitcoin currency exchange shop in everywhere then bitcoin will be get more popularity and bitcoin will be get more stronger .
yeah it would be helpful to the user's own bitcoin. of course people will be more likely to spend their bitcoin. because they have easy access to shopping with their bitcoin. there are many benefits that can be obtained for bitcoin when there is a store that accepts bitcoin. of course it will create demand and of course this is a passive ads


It is good and also i think the charge of exchanging bitcoin is too low if there is stores or shop accepting bitcoin exchange in every cities in our country and it also help to increase the supply and demand of bitcoin.
It's not bad, but the thing is in a big city costs are high and thus you'll need a lot of demand initially just to keep the business alive during the early stages. It might be a good thing over the long term, but you will need people to start to take an interest and it'll have to get either a few people with a lot of money or a lot of people with a bit of money in order to stay afloat. And these numbers could be big; probably at least total sales of 1 and 1/2 Bitcoin each day (or roughly $900-$1000 daily, for a small shop). That's also ignoring wages. Real numbers would have to be people buying upwards of 4 to 5 Bitcoins per day, to pay for rent, wages (assuming roughly $20k-$30k a year) and utilities. And that's assuming that it is a full sell from the company, and they get the full amount of whatever the Bitcoin is worth. So we're talking about revenues of $3000 per day, assuming that it is based off of fees alone.
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August 01, 2016, 05:49:45 AM
 #65

I just love the idea of a hallmark shop dedicated to Bitcoin sales and services. A one-stop solution and franchise just for Bitcoin customers. They must sell stock at reduced prices to attract attention from people who do not use Bitcoin and they should have BTM's installed for them to acquire Bitcoin, if they do not have any to pay with. This is a very cool idea indeed. ^smile^

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August 01, 2016, 06:02:18 AM
 #66

Bricks n Mortar stores r slowly decaying

Replaced by food courts and Entertainment.

Leaving ur Bricks n Mortar store open is like

saying im a drug dealer i have to keep this

store open to hide my money in a legit

business.

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August 01, 2016, 06:09:58 AM
 #67

Nah.  Overhead would drive the price higher than any bitcoin atm you could think of.  It'd be nice to actually be able to buy stuff in a physical store for bitcoin.  That's a realistic goal.
yeah I thought the store that is present in every city in a country where the store accept bitcoin will greatly benefit our users and for bitcoin itself. in addition to providing convenience for users in that each city could use bitcoin and shopping. it also can make people join the bitcoin. as surely they will be interested in bitcoin
entrepmind23
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August 01, 2016, 06:43:41 AM
 #68

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 you mean like bitcoin exchange where you can buy and sell bitcoin easily. I think it would be a good idea so that bitcoin will be more known to the public. If people will see something new especially if its money related then they will be interested and can help the bitcoin industry a lot. If they put like this in big cities then many shops will offer bitcoin as payment option making the rise of prices and profit for those who hold bitcoin earlier.

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August 01, 2016, 06:54:00 AM
 #69

So basically, it is an exchange right? A physical exchange, integrated to a shop. It is a cool idea but I don't think many people would support the use of it due to some protecting their identity. If a physical bitcoin store would exist, it might be a hit, but an exchange? I don't think so.
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August 01, 2016, 07:09:48 AM
 #70

I believe that in the next decade it will be something common.
Besides Bitcoin, certainly they will also accept other good and fast cryptocurrencies.
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August 01, 2016, 07:26:25 AM
 #71

Actually I thought about this idea myself, and I don't think I am the only one as this is genius.
I am dreaming about Bitcoin shops where you can enter and buy bitcoin directly in a matter of minute or two, like you buy vegetables in grocery shop everyday.

The only problem I see is budget needed to start - it is very costly to rent a place, get employees and promotion. So for now opening a shop focused only on BTC trade will be very risky.
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August 01, 2016, 07:31:12 AM
 #72

sell bitcoin without going through the exchanger services, i think that's a good idea.
in Bali is already available, now u can buy and sell Bitcoin directly. yes i know bali it's not big city like paris and others.

-snip-


Well the gold stores had sucess and opened several in several places, i believe with bitcoin being the buy and sell the only service you will need to profit, but sure would be great to go to a store and sell my bitcoins and get the cash in hands, i believe it may work is you dont have to rent a space.
yeah it is a very good thing for the development of bitcoin. exchange that is in offline and physically will give interest to new users until she wants to join with bitcoin. and also the physical exchange will help the bitcoin users, especially in the city. I would be very happy if this offline exchange can exist in every city across the country? is it possible
This would have the need of government approval, wouldn't it?
If you do not have any problems with that then you are absolutely good to go! Not only that this is a good publicity for bitcoins but also an opportunity for nearby bitcoin users to buy bitcoins without having to worry about online scam transactions.

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August 01, 2016, 07:32:01 AM
 #73

In my opinion, we should not think on small level as bitcoin is a global currency we should focus on a sustainable growth instead of small hypes. Instead of opening 1 new shop, we can build awareness about bitcoin and can give support to 10 existing shops to accept bitcoin as payment method. Bitcoin is not different than fiat when it comes to the values so we should cultivate this new technology where fiat is currently active (i.e – everywhere) so I think we don’t require something new in hardware (i.e – existence economic system) but we should upgrade the software (i.e – the way we transact).
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August 01, 2016, 07:33:02 AM
 #74

Possibly, it could function. However, I don't know if it would continue in the long-term. You need to tell passer-bys about BTC. Otherwise they won't buy it for no reason.

But it could be a successful idea. Smiley
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August 01, 2016, 07:42:42 AM
 #75

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

Yes, that's a great idea and I absolutely support it. There is no doubt already that Bitcoin is a real currency but somehow most people still don't realize it. Bitcoin will be accepted in stores globally, it's just the matter of time.

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August 01, 2016, 08:18:40 AM
 #76

Thats a great Idea thou you can create your own Bitcoin Store where you can buy things and also you can also sell things. Like buy and sell store. But most importantly is you are using Bitcoin in transacting. This is good thou because you are implementing the Bitcoin currency in the world. But the most problem nowadays is only few people are only using bitcoin. So thats a big problem these days

Yes few people are dealing with bitcoins and contrary to your idea putting up a bitcoin store in big cities will have a large impact on bitcoins. Many people will notice that bitcoin has a value and has a power to purchase something. Then later bitcoin will be used by many and a large mall or a big bitcoin store will pave the way for people to engage in bitcoins.
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August 02, 2016, 09:06:36 AM
 #77

I think this is a good idea because it exposes people to bitcoin that would otherwise not know about it. It also gives a different way to buy and sell. They could also sell bitcoin merchandise and things like mining computers.
yeah agreed this could be an ad indirectly for bitcoin. because the people around would have to wonder what it is bitcoin? so there is no exchange or store for this currency? then some people will find out and probably will join in bitcoin. yeah I think this will give a nice effect to the adoption of bitcoin. and do not forget to add some discounts so that people will be interested
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August 02, 2016, 01:37:00 PM
 #78

It is good idea, but due to BTC transaction time, which can be more than even 24 hours, it is not possible. BTC buyer/seller will not wait in the shop more than 5 - 10 minutes. Plus shop expenses in large cities, like London, Rome, New York etc. can be too high per month for BTC buy/sell shop.  Wink
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August 02, 2016, 03:00:11 PM
 #79

That is a good idea but make sure that bitcoin is legal in that particular country before you start opening such shops. Otherwise the enforcement agencies will hunt you down within a week.

It is always better to do such business online using a VPN. You will be hard to track.

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August 09, 2016, 01:52:51 AM
 #80

I think It wouldn't be a bad thing if bitcoins were used in big cities. It would be fun to have the opportunity to use bitcoins to pay at retail stores.

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