Market demand for bitcoin in UK?

[Inedible]

Hi folks,

I'm trying to find out if it would be pretty easy to sell 100-ish Bitcoins to the UK market (only interested in GBP) quite easily.

Does anyone have any figures for market demand or even anyone that would be willing to buy Bitcoin in the UK?

[Fortify]

Do you mean physical bitcoins? If so, the market will be very small. They were a good idea when bitcoin was below $10. Bitcoin looks too volatile to invest in such a massive amount nowadays..

[vm1990]

There's good demand as long as your willing to sell in small chunks.

[Inedible]

I mean just Bitcoins themselves but to UK buyers (or people willing to deposit Sterling into a bank account).

What would be considered a small volume? 20? 200? 400?

[vm1990]

normally less tan 10btc but im sure theres a few traders around willing to buy alot of btc for the right price. the hard part for you will be trust. youll have to use escrow

[newjobsonline]

I would say that you can start offering the BTC in newspapers and personal publicity ( ground floor )

then when ppl starts asking you would know how much would it cost...

If you dont want to do the research we are willing to do it for you

=)

[deepestfear]

I have seen pretty lar.ge volume requests in gbp on the forum here on occasion. My guess is that you will get them away without a problem.

[Inedible]

Thanks for the input guys.

I will start selling in small volumes to begin with and see how that works out.

I guess trust needs to be built somehow.

[Bitcoin Magnet]

Does anyone have any figures for market demand or even anyone that would be willing to buy Bitcoin in the UK?

We (www.bitcoinmagnet.co.uk) are actively buying bitcoins for UK bank transfer. Visit the site or PM me for more info  

[nieninja53]

I think the features are great the demand is great the market rate is so attractive but the quantity is limited, all these are the main reasons which increase the demand day by day and create a huge demand and 6th position in the world,

[godfredmanu]

Uk is a bitcoin friendly nation and the demand for it is always high. That is why localbitcoins have a huge supply of bitcoins for uk pounds. The demand for it is increasing each day.

[bob3772]

Why not sell on a much bigger market such as in USD and then convert the USD to GBP? It's at least worth considering because you'll likely get a much better price that way. 100 BTC is a large amount and is therefore liable to make a small dent in the market price at the time of selling. OTC is better for this but trust becomes an issue and you'll also likely have to take a price lower than the current market price.

[Haoque89]

According to sources I have just read, "After the expansion of service in Europe in early 2017, Bitcoin's payroll service provider announced its official eye in the UK on Monday. 3.7.2017. " It tells us that the bitcoin market demand is very high

[Maricurijohn]

Uk is a bitcoin friendly nation and the demand for it is always high. That is why localbitcoins have a huge supply of bitcoins for uk pounds. The demand for it is increasing each day.

If all countries accept the MOF will be one of the factors boosting the Crypto market in the future, in my opinion, countries should consider and open the door to the BTC, thus helping the economy They develop more and more people will be richer.

[kent47400]

I will start selling in small volumes to begin with and see how that works out.

That's right, do things from the smallest because the Big one also starts from the Small.

we can appreciate the Big thing if we can appreciate the Small, do it trade with a little Sterling because when we lose it won't hurt too much.

[orarider]

The bitcoin market in the UK is very developed. Many places accept bitcoin payments. It is also a country with a strong economic and financial development. A reputable London-based "Gold" agent accepts Bitcoin payments. Bitcoin claims are acceptable in many parts of the UK.

[rayk]

OTC market is bigger and UK is probably easy country for you to sell 100 btc or even more. But I recommend selling them on a exchange.

[AirFlame]

I think the features are great the demand is great the market rate is so attractive but the quantity is limited, all these are the main reasons which increase the demand day by day and create a huge demand and 6th position in the world,

Because of the increasing number of bitcoin investors I think that the demand of bitcoin will continue increasing and which will surely cause the increasing in bitcoin price. I think that very soon people will even try to buy bitcoin above 20000$, which will be consider as the best and cheap price for bitcoin.

[SirLancelot]

Hi folks,

I'm trying to find out if it would be pretty easy to sell 100-ish Bitcoins to the UK market (only interested in GBP) quite easily.

Does anyone have any figures for market demand or even anyone that would be willing to buy Bitcoin in the UK?

I just came across this topic now and I feel like someone would give me such an opportunity to buy Bitcoin at such a lower price as in 2014  but now you will never find anyone who is willing to sell at such rate, this time around everyone is calling thousands of dollars and you can’t even buy up to ten with the rate it is now lol… but here is someone talking about selling 100 BTC… $20,000 is enough to buy all of them, but last year you can only buy one Bitcoin for close to that amount ($20,000).