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Author Topic: Has Anyone Ever Tried Selling Bitcoin on a Market Stall?  (Read 955 times)
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March 04, 2017, 05:30:16 PM
 #21

If you want to sell bitcoin on a stall because you are an enthusiast and this will be your way to promote cryptocurrency then it is perfectly fine.
But if you want to profit from this activity you need to test the waters first, and don't expect to raise substantial revenues. At least you don't need much money to 'build' a street stand.
The problem is that this might be potentially illegal, as you will be dealing with 'foreign' form of currency as working as unregistered currency exchange.


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March 04, 2017, 05:59:13 PM
 #22

This sounds crazy, it won't sell so just abandon the idea. Just attempting to sell something intangible on the stalls of a store? wow! Then you must as well attempt to sell electricity on those stalls.



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March 04, 2017, 06:00:37 PM
 #23

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.

Yeah right? It would take a lot of explanation for you to persuade them to buy your bitcoin, and the worst thing that could happen in the end is that, they will not buy after you have introduced it to them, because their excuses are they would still prefer Fiat because bitcoin seems complicated for them, that is why, it is not a good idea right now, especially if you are going to sell it in a Market Stall.

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March 04, 2017, 06:08:14 PM
 #24

I hadn't try something like that. I live in a small town where people heard about bitcoin only from my words and don't get the idea of bitcoin completely. I think I would just look wired selling bitcoin to people/tourists  directly.
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March 04, 2017, 07:04:19 PM
 #25

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.

I doubt its a trend that would grow tbh.  Bitcoin is a digital product its most likely people access it online with ease from their banks/paypal whatever.

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March 04, 2017, 08:35:07 PM
 #26

I had a friend who opened and ran a shop selling "Top Trumps" type card when we'd just left school, I think they might have been Pokemon cards or something like that. He made quite a bit of money (for a 16 year old) for a while.

I would view a 'Bitcoin market stall' as something akin to this - Something of a novelty, collectable, a gift. Obviously not for real investors but for the person who has seen Bitcoin in the news and feels like they can spare a Tenner or so 'just for fun'.

I thought the best way to implement is to create varying size of fancy looking paper wallets of small denominations (with fairly high mark-up so price fluctuations don't affect the value of the paper wallet too much).


Of course aftercare for the customer would be a major part of it if they are asking further questions but then of course then maybe they will become return customers?

People like physical, people like tangible and people are more likely to buy something that is right in front of their face on a Saturday morning rather than a bank-transfer and 3 days wait away.

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March 04, 2017, 08:59:53 PM
 #27

you'd spend your whole time answering incredibly dumb questions from people who don't understand anything, then you'd get stabbed and robbed by someone who does. it could be a fun experiment until then.

there was a physical store in london that sold bitcoin for a while. it seemed to be a short lived thing.

Is that the Azteco shop? Is it closed now then?
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March 04, 2017, 10:22:59 PM
 #28

Interesting idea.

I think it might work if bitcoins were sold at a 1:1 ratio (or at a discount) with some effort made to educate people on what btc & crypto is.

But if someone tried to sell btc with a price markup, say 1 btc @ 120% of cost.

I don't know if that would work.

Also there is a chance stall sellers could be raided by police and have their btc/money confiscated.


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March 04, 2017, 10:58:07 PM
 #29

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?

If you want to promote and make suer people adopt BTC, you need to give away 2-5$'s of BTC to a few people of keep an open market contest where they can win real money which would be paid out in BTC. These could be a good way of letting people know about BTC. I dont think in an open market, just selling BTC would work very well. People might notice it but they will just go past it and it wont be eye catching enough.

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March 05, 2017, 03:33:34 PM
 #30

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.
Why bother trying to sell bitcoin in public for people that does not know anything about it and they don’t know its true value and its potential, you could easily sell bitcoin online for people that actually use it and know its value for a high price, you could find many people who would do so in localbitcoins.
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March 05, 2017, 07:47:19 PM
 #31

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 t 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 don't like the idea that you are planning with, why don't you try to make something which explain what is bitcoin to them. Well, I guess if you do that people might get be happy once you do it.

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March 05, 2017, 08:05:20 PM
 #32

I like how enthusiastic you are about bitcoin. Unfortunately, this all seem complicated, if not risky to me. Let's forget about the possible legal issues for now. How are you going to get them to understand it? It's not a good and people would be skeptical in receiving this digital stuff. I doubt even handing out paper wallets would be enough. They'll probably just scratch their heads wondering how it could be money. Also if you're going to sell them bitcoins for the current value in fiat they could just say "why bother converting my money for a paper token?". Point is you'd be taking a lot of time explaining per customer. That's not a good business model. You want them in and our as quickly as possible, with their money in your hand if possible.
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March 05, 2017, 08:29:00 PM
 #33

I like how enthusiastic you are about bitcoin. Unfortunately, this all seem complicated, if not risky to me. Let's forget about the possible legal issues for now. How are you going to get them to understand it? It's not a good and people would be skeptical in receiving this digital stuff. I doubt even handing out paper wallets would be enough. They'll probably just scratch their heads wondering how it could be money. Also if you're going to sell them bitcoins for the current value in fiat they could just say "why bother converting my money for a paper token?". Point is you'd be taking a lot of time explaining per customer. That's not a good business model. You want them in and our as quickly as possible, with their money in your hand if possible.
If you open up a shop the people who are interested in buying the coin can approach and you can educate them if they show any interest and you do not need to be skeptical about that.It is quite possible and bitcoin is a major news everywhere and most of the people are aware and heard about bitcoin ,they might not be using it but they could have heard about it,at least the younger generation could understand what it is.
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