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Title: I want to invest $200K to set up an exchange and I need your help Post by: arnold35 on July 06, 2017, 08:08:29 PM Hi,
I’ve bought some bitcoins when they were worth $300 but I was not active in this industry and that is why I will need your help. I have a budget of $200,000 monthly to invest so I thought to myself “let’s open an exchange”. You might think that there are so many exchanges now that the market does not need another one. Maybe you a right. On the other hand that is what I’ve been doing for the last 10 years, creating businesses in fast growing industries where there are already many companies on the market. Currently, I am hiring 70 people, mostly software engineers. As a company we are running an exchange in a smaller industry so we want to move to bitcoins now. Most of you are much longer in the industry than me so I have a couple questions. 1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing? 2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ? 3. What are the things you think are missing in the current exchanges? At least from your personal view 4. Do you think we can use our budget($200K monthly) better than creating an exchange? 5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor? 6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should earn extra 2%. Am I missing something? To easy to be true. Anyone want to help us? Do you have any specific knowledge that might be helpful? Maybe you have worked in an exchange, you know margin trading better than others or you use API from exchanges to gain profit? Wanna talk more? Send me your skype login in a private message. First 10 people with activity above 100 who will answer those questions I am happy to send $50 in BTC as a “thank you” for your time so please add your BTC address Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Deathwing on July 06, 2017, 08:14:42 PM It's not an easy thing to open and manage an exchange, but I got some spare time to answer your questions.
1 - Traders, miners, people who just found out what an altcoin is and looking to profit. 2 - Per question 1, I myself use for trading and mining. So Both, an exchange should be focused on various types of trade. 3 - Speed. 4 - Investing. 5 - Yes and no, fluctuations occur very rapidly. 6 - Arbitrage? Speed is an important factor, verification will be required, fees etc. Not really "profitable" in long term. Well, those are some of the things that came to my mind. Feel free to ask if you have any questions. My Bitcoin address is 1DeathyY8eDGjxoqpXHeSPUrPZfT772EKB feel free to tip anytime you want :) Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: adzino on July 06, 2017, 08:37:58 PM 1 Poloniex has been here for a long time. Most of them i guess are traders looking to make profit and invest on other alt coins.
2 I use both bittrex and poloniex, but i prefer poloniex over bittrex. Polo has a better looking interface. Use it mainly for trading. 3 A good customer support. 4 Currently there are lots of exchanges, so competition is high. If you think you can offer something better and unique you could try. Else better off investing on something else. 5 Depends on what coin you are mining. 6 You forgot to consider the "FEE" you will be spending which will eat up your profit. And also speed matters. You might end up making loss. A very risky thing to try. You might also not be able to sell at the price shown, since no sell order might be open. My address if you wish to tip :) 1EsbjqNqCWLckzFBNHkDMFhR3SwG6YsKKV Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: arnold35 on July 06, 2017, 08:39:11 PM @Deathwing
Thanks for your reply. I ve sent BTC, hope they will be with you shortly 1. By traders you mean people doing arbitrage or traders who are doing something else? 6. Why do you think it will not be profitable in the long term? Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: adzino on July 06, 2017, 08:41:04 PM @Deathwing Did a little bit of googling, you can find you answer here https://99bitcoins.com/bitcoin-arbitrage/Thanks for your reply. I ve sent BTC, hope they will be with you shortly 6. Why do you think it will not be profitable in the long term? They explained it well! Read "Barriers to Bitcoin Arbitrage" if you don't want to read the whole article. They sum up everything really good. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Deathwing on July 06, 2017, 08:41:51 PM @Deathwing Thanks for your reply. I ve sent BTC, hope they will be with you shortly 1. By traders you mean people doing arbitrage or traders who are doing something else? 6. Why do you think it will not be profitable in the long term? 1 - Altcoin traders, people who only focus on trading all kinds of coins whether if it's popular or just nothing but a shitcoin. 6 - Mainly fees, and the time you spend transferring the coins between the sites will hurt the amount you earn. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: cakir on July 06, 2017, 08:49:19 PM 1. Easy to use, High volume trade and it's not scammed us yet (yeah it has problems but they resolve them eventually).
2. Bittrex, (I'm 70% trader and 30% miner (cloud like miner, I don't buy contracts, I hire hash power) ). 3. Decentralization, We've seen lots of exit scams, mt.gox, craptsy, cryptorush.in, mintpal etc. 4. Well, if you have more money to invest in the exchange then 200k is a good start. But it wants lots of efforts and "really trusted people", Just remember Shapeshift hack (insider one). 5. If you find cheap energy and gpu's then yes, ethereum, ethereum classic, zcash etc mining is still profitable. 6. It's called arbitrage, you can do it, but if you transfer "cash" it'll take lots of time, so I suggest you to hold your money as this: 50k cash on btc-e, 50k cash on cex 50k btc on btc-e, 50k btc on cex. when you see this arbitrage, just buy & sell 50k worth bitcoins & cash, then transfer those amounts like in the first place. (you can tip me here if you like: 1JuMNQcRZGXp7wJj1DMciaMerfs95X2Nqa ) Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Hydrogen on July 06, 2017, 08:59:31 PM 1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing? It is possible to trade a wide assortment of crypto on poloniex. Some exchanges like btc-e are very limited and only offer trading for a very small number of alts. Poloniex having so many trading options for many different coins is probably one of the main advantages it has over other exchanges.
2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ? I have a btc-e account but haven't used it in years. I used to try to come up with arbitrage trade strategies but nothing I ever came up with could ever compete buying and holding long term. So I gave up on it. Arb could be me a better strategy now years later that volatility is higher than around 1% per day (price movement) I haven't checked. 3. What are the things you think are missing in the current exchanges? At least from your personal view In past times many exchanges had no option for short trading. That could be one drawback although to be honest I can't claim to have looked into whether short trading would be profitable for exchanges and an option they would benefit from having. Leverage could also be a drawback although to be honest given the lack of escrow, collateral, etc its not difficult to see how leverage would be difficult to implement on a crypto platform. 4. Do you think we can use our budget($200K monthly) better than creating an exchange? That's a really tough question. Most say its good to play to your strengths, I'm not certain what your strengths/background are. 5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor? I don't think there is money in mining unless a person has access to free electricity. Even then it may not be a good business strategy due to ASICs and GPUs being much more difficult to find & obtain. If only as it can be difficult to find people selling GPUs/ASICs these days. 6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should earn extra 2%. Am I missing something? To easy to be true. In addition to the trade commission percentage there is a withdrawal percentage. I think some exchanges charge a 5% withdrawal fee which makes inter-exchange arbitrage difficult across platforms. Anyone want to help us? One key point could be which country an exchange operates out of & how crypto friendly its laws and regulations are. That could help determine whether an exchange is viable. 1G15u8zAxkGMR6KKXLFoRkBh37W2gsTWTD Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: 2Pac on July 06, 2017, 09:03:16 PM 1. Poloniex is the biggest Bitcoin/Altcoin exchange market in he industry. Biggest volume and most number of users.
2. I'm using Bittrex and Liqui because I play with low marketcap coins and I don't trust Poloniex. 3. We need more volume as whole industry. After we get more value we can have more markets. For example ETH/WAVES etc. 4. I think this budget is not enough to run a big exchange. You could be smaller one like Tidex. 5. Mining is like a lottery or gambling right now. 6. Arbitrage is hard to do because of hidden fees. 1z5AZuV899c2jCnSSSGSqDqZttoXQKqBP Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: arnold35 on July 06, 2017, 09:03:50 PM @adzino
thank you for the Googling. I ve read it and watched it. BTC sent. @cakir Can you tell me why Bittrex, not poloniex? What do you mean by "I'm 70% trader"? Are you buying smaller alt coins or predicting BTC if it will go up or down? BTC sent Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: cakir on July 06, 2017, 09:06:28 PM @adzino I'm using Poloniex for higher volume trades, I'm also using bittrex as 2nd choice, because some of the altcoins are not listed on Polo. thank you for the Googling. I ve read it and watched it. BTC sent. @cakir Can you tell me why Bittrex, not poloniex? What do you mean by "I'm 70% trader"? Are you buying smaller alt coins or predicting BTC if it will go up or down? BTC sent I mean My bitcoin investments are based on 70% on Altcoin/Bitcoin trading, and 30% Mining (I rent hash on nicehash, miningrigrentals etc and mine altcoins which are profitable for me). For instance I hold 0.7 btc worth altcoins and hire 0.3 btc worth hash power. thanks for the tip! Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: ralle14 on July 06, 2017, 09:24:24 PM Here are my Answers
- People are using poloniex it's because they've watched a video about a famous user using it or bitcoin users started recommending it to them. Some of them could be miners and traders since they are on the top 3 exchange with the highest volume. Right now it's not looking good with poloniex as I see a scam accusation about them. - I only use my local exchange which is coins.ph I like their service because it's easy to buy bitcoins and cash them out. Also they offer promotions to their users which is nice. -With the current exchanges I think more customer support is needed as I see a lot of complaints from different exchanges. -Maybe, a gambling site is better but could be difficult as there are tons of gambling sites opening up. -If you have an alternative source for electricity then the answer is yes there is good money to be made with mining. -Sounds risky as prices moves fast unless you have the bitcoins sitting on both exchanges. Also like what the other user pointed out theres a small fee that will be deducted. Btc address: 1RaLk3SNWLjjrD6VNGCNzLM4N7JjhHwhp Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: arnold35 on July 06, 2017, 09:26:12 PM @BitMarshall
Why do you think it is the most shady? Any sources I can read about them and why they are not a trustworthy exchange? BTC sent Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: boldar on July 06, 2017, 09:28:06 PM 1. People use Poloniex because everyone else uses it. Most coins have 50%+ volume traded on poloniex.
2. Bittrex - no stupid limits, good volume, and trustworthy 3. A good community, and good support 4. An exchange is a great idea! 5. If you mine alt-coins yeah! 6. Nope! You can arbitrage and make money. Not just with BTC, but with alt-coins. If you can buy it for 0.01 on one exchange, and sell for 0.011 on another, do it! Sometimes whales who dump or buy big amounts create gaps - take advantage Thanks - 1FA94FCb4waB9o6rcUNLxtzztTqu5M3yPM Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Odd Thomas on July 06, 2017, 09:50:32 PM Hello
Although i sent you a pm, i d like to send a new message with answers. 1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing? As you know we are in altcoin bubble. Altcoin prices went up, eth went 10x just in months. People want to try their lucks by buying altcoins. So poloniex is one of the best places to buy altcoins. Moreover miners anf margin traders use here but most of users are altcoin investors. Bitfinex is more popular place for margin trade, you can find also bitmex for margin trade(100x margin) 2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ? I am day trader, so i use both bittrex and poloniex for altcoin tradings. 3. What are the things you think are missing in the current exchanges? At least from your personal view These exchanges should become more proffessional. For example poloniex has troubles now and you cant reach their support. My etc deposit still not showed up on balance since 3 weeks. Even they are earm and gsin so much öoney from fees, they dont invest to themselves to operate better. 4. Do you think we can use our budget($200K monthly) better than creating an exchange? I think you can invest your budget to icos. Such as tezos or eos. We have already so many exchanges, it is hard to compete with them. 5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor? Mining is running by chinese almost. It is hard to make good money from mining even consider the electricity fees. 6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should ear You should consider that you ll pay fees in both exchanges and bitcoin miners, and prices could be change just şn minutes. So it is easy to lose money just minutes. This not looks good. 1HM6TsUHH9nNqpX37PKsShrFHorxACkD47 here is my btc address for tipping. I hope my experience could help you. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: buwaytress on July 06, 2017, 09:55:15 PM @OP Good answers you'll learn from here. Here is my take as a nine-month "eternal newbie".
1. Why Poloniex? Yes, high volume, competitive rates, and a no-fuss withdrawal limit of USD 2,500 daily. This requires verification but is automated (ID and phone), nearly instant and satisfies the limits most people like myself need. Something else not mentioned here about Polonies: I also keep a balance there that is constantly lending to margin traders, at interest rates I set and from periods as short as 2 days. Their "proof of solvency" system means this loans won't disappear if the borrowers default. So there are multiple earning streams there trading and lending interest. 2. I only use Poloniex and Localbitcoins. The latter actually gets me the best rates for selling BTC. 3. There are a number of attempts, ongoing and in development, for decentralised exchanges. The main weaknesses of the current major players is that all users have to trust that the exchange won't disappear with their funds. As mentioned here, a lot of people are crying foul over Poloniex now due to increasing delays in withdrawals - typically the behaviour of exchanges when they are about to exit scam. I personally think it's just their volume and the lack of support staff to process requests. There are currently no major exchanges, in my opinion, that have good customer support. LBC comes close but if you want to differentiate yourself? Then your support must scale with growth. 4. It depends on what your financial plan is. Do you intend to make profit rightaway? Do you invest to create a brand or reputation? Do you want to see a new useful tech succeed? This isn't simple to say, but 200k monthly is more than a lot of small businesses. I ran a small private exchange pre-Bitcoin on a tenth of that a year in turnover! 5. You'll be better off looking in the Mining section of this forum and getting to know the miners there. A lot of starting miners share their setups. It is still profitable with your kind of outlay. 6. As mentioned by others, Bitcoin arbitrage is possible, and you have the capital for the necessary volume. If you widen your geographical horizon, you will easily find local exchanges in some countries trading even above 10% of the major exchanges. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: slaman29 on July 06, 2017, 10:07:27 PM 1. Poloniex is one of the easiest to sign up with so it attracts a lot of newbies. Also, it is popular with social media crypto Steemit.
2. I am a very small time trader, not using BTC. I have a few altcoins which I traded on small exchanges like nova and yobit. 3. Anonymity. This is crypto, and we all got in because it was anonymous. But now at exchangers, you have to be searched and asked for verification WORSE than banks! Also more local language support. I speak English but I know a lot of people in my countries who don't. 4. If you create an exchange that is different yes. If not, use it for other ventures. 5. Of course, but look at promising altcoins. Even a lot of people made money when they switched to mining ETH from last year after it dropped to $6. They were easily making a lot of cheap ETHs for many months. 6. It is true but all these exchanges need days to process withdrawals so you are gambling with volatility. Unless you find BTC/ALT differences. Thank you:) 1Pr7SHPQ565RoDxuy33kQ7AwsKYzR9C5Fs Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: arnold35 on July 06, 2017, 10:13:36 PM I ve sent $50 tip to first 10 people who have replied. Thanks everyone for your help.
If anyone else wants to give some advice you are welcome however I am out of the budget for this post Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: gentlemand on July 06, 2017, 10:19:52 PM Are you talking an alt only exchange or something involving fiat as well?
If it's fiat you'll find you'll need a few extra million for compliance depending on where you are. If it's alt only you may well be hit with millions in compliance somewhere down the line. On top of that there's the avalanche of customer support and endless hacking attempts. There's money to be made but there are also huge setup costs and ongoing costs. I don't think it's something that can be done properly any more without some very serious money to burn at the beginning. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: BitMaxz on July 06, 2017, 10:46:43 PM I think there is someone are selling premade exchange site with admin panel. are you actually looking for a crypto trading site script?
There are someone offering before but the post was made 2015 you can check it here maybe it you can be still contact him https://bitcointalk.org/index.php?topic=1067842.0 And look at the other old thread maybe it can help they added the open source here https://bitcointalk.org/index.php?topic=870716.0 Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: SportbetMaster on July 06, 2017, 10:47:36 PM 1- Trusted exchange, Great opportunity for day trading with a lot of alt coins and large volume.
2- bittrex, a big exchange with a large daily volume where I can trade some coin that are not listed in poloniex and btc-e For usd withdrawal. 3- It is the most important point if you want your future exchange to be a success; Be always close to users, Fast and convincing support. 4- exchange is one time investment if successful so you can keep your company and extend it withe the new exchange. 5- no idea :-[ 6- Bad idea, because to withdraw your btc-e money the fees are small but from c-cex the withdrawal made by a third party and the costs will be higher then the 4% of profit between the two exchange, This could be beneficial if the two exchanges have the same withdrawal service or else another alt coin with a margin of -2 / -3% than the first exchange, but in the case presented all the alt coins in c-cex are in + 4 5% compared to other exchange. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Hydrogen on July 07, 2017, 12:06:11 AM 3. What are the things you think are missing in the current exchanges? At least from your personal view These exchanges should become more proffessional. For example poloniex has troubles now and you cant reach their support. My etc deposit still not showed up on balance since 3 weeks. Even they are earm and gsin so much öoney from fees, they dont invest to themselves to operate better. There is one key thing that should be mentioned on the bolded portion above. I can't speak for poloniex but it is possible those troubles he cited above stem from the exchange being based in the united states and thus being subject to US regulations and laws. AFAIK many US based exchanges and crypto operations, like coinbase for example, have similar issues with transactions and basic functions due to the IRS and state making a stronger effort to invest themselves into crypto based operations. That's not a fault of poloniex its the "regulation" taking effect. The same type of transaction freeze happens with paypal and other payment processors to satisfy the "anti terrorism" countermeasures. Some countries are definitely more crypto friendly than others in terms of regulation/laws. Upcoming "senate Bill 1241" which some are labeling an "anti bitcoin" piece of legislature is an interesting topic related to this. Also thx for the tip. If you ever get the impression I might be able to help you with anything, feel free to ask. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Victorycoin on July 07, 2017, 12:29:08 AM With regards to 6. arbitrage opportunities shows up every now and then across the exchanges - not just BTC-e and Poloniex, but speed, fees and time lag for transfers, mostly take the wind out of the sail. However with your $200k and team of software engineers you can circumvent the need to always transfer from one exchange to another by splitting your money as Cakir suggested - cash at exchange with lower rate and BTC at exchange with high rate. Buy say 50 BTC here, sell 50 BTC there, transfer with calm while balance is used to start another leg. Your engineers would have to create or adapt a custom bot for efficiency and to seamlessly follow the markets around the clock.
Going by some of the questions you asked, I think you need to take sometime out to understudy the operations of exchanges, paying special attention to the rise and fall of Mt.Gox and Cryptsy. In between mining and arbitrage trading could be holding sway for you. Mining is still profitable because you must not mine Bitcoin to end up with Bitcoin. Btw, it matters that Poloniex is an America company, if you site your company in some island, that would be the first red flag up! Best of luck!! Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: ASHLIUSZ on July 07, 2017, 10:50:04 AM When looked from outside it looks like exchnages were making good profit and if we have investment we too can create our own exchnage. This has got lots of risk in it, specifically the price drop and increase need to be precise as well there should not be any flaws in the transaction happening during the buying and selling process.
Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: azguard on July 08, 2017, 11:20:39 AM 1. I use less polo but more bittrex now, cuz it having some issues so for now i will stay away for some time
2. Trading most of the time, small time investing 3. transaction speed 4. This is more personal opinion if not this the if you can invest in some coin or build mining farm 5. This is more on which coin you think on mining 6. This can be bad idea cuz if you sending money from one to another then it will take days maybe weeks, many thing can happen in that time, but on btc base this is something completely different Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Yanisumin on July 10, 2017, 08:58:24 AM Hi, I’ve bought some bitcoins when they were worth $300 but I was not active in this industry and that is why I will need your help. I have a budget of $200,000 monthly to invest so I thought to myself “let’s open an exchange”. You might think that there are so many exchanges now that the market does not need another one. Maybe you a right. On the other hand that is what I’ve been doing for the last 10 years, creating businesses in fast growing industries where there are already many companies on the market. Currently, I am hiring 70 people, mostly software engineers. As a company we are running an exchange in a smaller industry so we want to move to bitcoins now. Most of you are much longer in the industry than me so I have a couple questions. 1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing? 2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ? 3. What are the things you think are missing in the current exchanges? At least from your personal view 4. Do you think we can use our budget($200K monthly) better than creating an exchange? 5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor? 6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should earn extra 2%. Am I missing something? To easy to be true. Anyone want to help us? Do you have any specific knowledge that might be helpful? Maybe you have worked in an exchange, you know margin trading better than others or you use API from exchanges to gain profit? Wanna talk more? Send me your skype login in a private message. First 10 people with activity above 100 who will answer those questions I am happy to send $50 in BTC as a “thank you” for your time so please add your BTC address 200000$ is a very big price and I'm astonished that you have that kind of amount monthly, you must be very rich and a businessman. At number one, I'm using bittrex as an exchange that poloniex now. Secondly, I'm not quite a trader but I'm observing how cryptocurrencies in the trading industry run on fumes and when I see some opportunity, buy a good alternative and invest then wait for the result. Third, security, measuring of credit risks and transparency is missing in the industry nowadays. Invest in some good ICo or go to mining industry I think, there are so much to develop there. Fourth, I still don't know the mining industry. Fifth, I don't trust cex, they have so many issues down there and fees are quite high not mentioning the waiting time. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: DaMut on July 10, 2017, 09:48:16 AM Hi, I’ve bought some bitcoins when they were worth $300 but I was not active in this industry and that is why I will need your help. I have a budget of $200,000 monthly to invest so I thought to myself “let’s open an exchange”. You might think that there are so many exchanges now that the market does not need another one. Maybe you a right. On the other hand that is what I’ve been doing for the last 10 years, creating businesses in fast growing industries where there are already many companies on the market. Currently, I am hiring 70 people, mostly software engineers. As a company we are running an exchange in a smaller industry so we want to move to bitcoins now. Most of you are much longer in the industry than me so I have a couple questions. 1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing? 2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ? 3. What are the things you think are missing in the current exchanges? At least from your personal view 4. Do you think we can use our budget($200K monthly) better than creating an exchange? 5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor? 6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should earn extra 2%. Am I missing something? To easy to be true. Anyone want to help us? Do you have any specific knowledge that might be helpful? Maybe you have worked in an exchange, you know margin trading better than others or you use API from exchanges to gain profit? Wanna talk more? Send me your skype login in a private message. First 10 people with activity above 100 who will answer those questions I am happy to send $50 in BTC as a “thank you” for your time so please add your BTC address 200000$ is a very big price and I'm astonished that you have that kind of amount monthly, you must be very rich and a businessman. At number one, I'm using bittrex as an exchange that poloniex now. Secondly, I'm not quite a trader but I'm observing how cryptocurrencies in the trading industry run on fumes and when I see some opportunity, buy a good alternative and invest then wait for the result. Third, security, measuring of credit risks and transparency is missing in the industry nowadays. Invest in some good ICo or go to mining industry I think, there are so much to develop there. Fourth, I still don't know the mining industry. Fifth, I don't trust cex, they have so many issues down there and fees are quite high not mentioning the waiting time. You should know 200k$ is not a big sum for exchanger at all,if you ever calculated profit they (poloniex) got every day you will see 200k$ is nothing but a dust.and if you want to open an exchanger you should consider it carefully,visit every exchanger and use it a bit to feel it surely you will understand it. In my opinion every exchanger have their advantage, for example : Bittrex : it was a very simple exchanger and easy to use,fast and light Poloniex : Many people using it because in this exchanger we can use our bitcoin or other altcoin as collateral to get 2,5x Loan and trollbox (removed now),because they have a lot function in their website many people had a problem when they're trading such as lagging and spiking. So consider it carefully and think it again twice,trice and frice ( lol ) Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Hydrogen on July 10, 2017, 07:14:06 PM 5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor? Here's an interesting article which says mining is much more profitable than it used to be due to the latest series of big price movements upward. Quote Bitcoin's Price Surge is Making Hobby Mining Profitable Again Jul 9, 2017 at 12:30 by Bailey Reutzel Roque Solis never imagined the bitcoin mining equipment he bought in February would have already paid for itself. And on top of that, made him money. Solis is the president of SoliSYSTEMS Corp, a company that developed an EMV smart card for electronic benefit transfer for the federal assistance program, Women, Infants, and Children (WIC). While attending several conferences last year, Solis was unable to ignore bitcoin. So, he decided to experiment with the technology via mining to get a better handle on whether the technology could be used within his company. Solis bought a Bitmain Antminer S9 on eBay for $2,400. As of this weekend, Solis has mined 1.01 BTC, worth a little more than $2,584 in his bitcoin wallet. Solis said: "When I bought the miner, the price per bitcoin was around $1,200. I thought I’d break even in one year, but actually it’s been about five months." These gains, though, are particularly interesting in that, even last year, individual hobby mining wasn't profitable anymore. Individuals with just one or two miners couldn't compete with the companies mining bitcoin using large warehouses full of servers dedicated to the task (and seeing lucrative returns as the price rose). But that was with the price below $600, which, with electricity costs and mining pool fees, would take a person more than 500 days to break even on their bitcoin miner investment. With an increased awareness and usage of mining pools, and the price now far higher, hobby miners – as Solis' experience shows – can break even in several months. According to Solis, the amount of money he’s making per day with the miner jumped from $7 to $16 recently, as the price shot up. Price matters And to bitcoin's enthusiasts this is evidence that the increase really does benefit the network more broadly. According to Sean Walsh, a partner at Redwood City Ventures, a bitcoin and blockchain consulting and investment firm. Walsh said, the rising bitcoin price has done more than reinvigorate investors, it's also led to increased interest in bitcoin mining, a key process that supports the network by securing its ledger. Walsh told CoinDesk: "There are a lot of metrics that actually matter, like the number of people that own at least one bitcoin, but nobody cares about that. It's just price. It's the one score that wakes people up, and when The Wall Street Journal and other financial publications write about bitcoin." And the Google Trends for "bitcoin" and "bitcoin mining" tell a similar story. Many of the peaks in the chart for both terms coincide with spikes in price. Yet, it's not only the price per bitcoin that's luring in new bitcoin mining hobbyists. According to Walsh, while bitcoin transaction fees were relatively stable for a long time, in the past couple years, those fees have seen an uptick. "This has to do with the block size debate, because the network is a bit congested, and people are having to pay more to get their transactions confirmed," he said. Whereas only a few years ago, around 100 bitcoins per day was paid in transaction fees, in the past couple months, transaction fees have equaled around 350 bitcoins a day, Walsh said, pointing to stats on bitcoin data website Blockchain.info. And with 1,800 bitcoins produced daily, 350 bitcoins is close to 20% of that. This is in stark contrast to a year ago when only 60 bitcoins were paid in transaction fees and 3,600 bitcoins were being produced daily (before the halving), making the percentage paid in fees around 1.6%. "That's a huge boost," Walsh said. He continued: "I don't know that [increasing transaction fees] are affecting people's interest in getting into mining. People may not realize why it's more lucrative to mine bitcoins now, but when they run the numbers, the payback period looks better than it used to." New blood But those who have been in the cryptocurrency space for a while know this story, and would likely caution against Solis and others thinking that the upward momentum will continue. Warning of future corrections, Walsh said: "It’s very important for people entering bitcoin mining that they really understand how to calculate their revenue and expenses. They need to make sure their cost basis and operating costs are very low." For example, if new miners overspend on hosting servers, when there's a correction, they're over-leveraged. And that's a cardinal sin in any investment, said Walsh. Bitcoin was down about 20% over the last couple weeks of June. Walsh called the downswings just "normal respiration of an asset class," yet others not so versed in investing might be unaware of these fluctuations and get themselves in trouble. For Solis, though, it's all about learning through experience. The Antminer S9 is running in SoliSYSTEM’s server room in the company’s office in Allen, Texas. Solis isn't able to identify just how much electricity the miner is using, though, since there’s clusters of servers there already. "It is noisy, though," Solis said. "Compared to the other servers, it’s very noisy." And that's because it's a machine with two specialized ASIC boards, crunching numbers with a fan that rotates at 5,400–7,000 revolutions per minute, he said. Solis isn't only interested in bitcoin. Having been introduced to ethereum's ether token and the network's smart contract architecture, he had one of his employees buy some immediately via an online exchange several weeks ago. And he plans to start mining ether soon. He's also researching Hyperledger and other private blockchain systems. All this, so he can better envision the use cases for his company. According to Solis, the company is looking into how blockchain could underpin a mobile, closed-loop electronic benefits transfer system. http://www.coindesk.com/bitcoins-price-surge-is-making-hobby-mining-profitable-again/ That's nice to hear. It could contribute towards crypto becoming more decentralized in terms of mining not being completely ruled by large conglomerates who are united. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: bohr on July 13, 2017, 08:48:08 PM This seems doubtful, a newbie account, asking for advice about how to open an exchange and that has 200000 every month to spare, it is too good to be true and when that happens most likely it is.
Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: warden on July 15, 2017, 07:16:14 PM well personally i trade for profit ! buy cheap/sell high.
i use yobit they have a nice user interface and easy to use so everything is clear but the support there is a miss they rarely answer and they take a hell of time too but that's fine for me cause i never had any problem to send a support ticket though so i think what exchanges really need now is a nice support team who can answer tickets quickly. i think the world does need another altcoin exchange platform so the competition rise in this area and the exchanges owners will try to provide the best services for the users Thank you Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: xskl0 on July 17, 2017, 07:52:47 PM Hi, 1.- The people that I met whose are using Poloniex are investing in new altcoinsI’ve bought some bitcoins when they were worth $300 but I was not active in this industry and that is why I will need your help. I have a budget of $200,000 monthly to invest so I thought to myself “let’s open an exchange”. You might think that there are so many exchanges now that the market does not need another one. Maybe you a right. On the other hand that is what I’ve been doing for the last 10 years, creating businesses in fast growing industries where there are already many companies on the market. Currently, I am hiring 70 people, mostly software engineers. As a company we are running an exchange in a smaller industry so we want to move to bitcoins now. Most of you are much longer in the industry than me so I have a couple questions. 1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing? 2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ? 3. What are the things you think are missing in the current exchanges? At least from your personal view 4. Do you think we can use our budget($200K monthly) better than creating an exchange? 5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor? 6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should earn extra 2%. Am I missing something? To easy to be true. Anyone want to help us? Do you have any specific knowledge that might be helpful? Maybe you have worked in an exchange, you know margin trading better than others or you use API from exchanges to gain profit? Wanna talk more? Send me your skype login in a private message. First 10 people with activity above 100 who will answer those questions I am happy to send $50 in BTC as a “thank you” for your time so please add your BTC address 2.- I use Bittrex for trading, I used HitBTC in the past but I changed because they didn't had the option of invest in Ripple 3.- The option of send private message between users like a social network 4.- I think create an exchane is a good idea and very exciting 5.- I have no idea. 6.- Don't do it yet, you can sell your bitcoins in any other website in any moment My bitcoin adress is: 15x9zsJWyheWRFCbuBJG8fXVmcr9kztsSw ;) Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: btccashacc on July 17, 2017, 11:22:31 PM 1. Poloniex, it's a trusted and old exchanger in this industry, the reason why are so many people using it i think due to its popularity.
2. i'm a trader, i'm trading on many exchanges let's say bittrex, polniex, c-cex, yobit, bleutrade, and even the one which turned to scam cryptsy, why am i trading on those sites? first of all i'm looking for the trusted company, secondly i think faster service, sometimes some coins are not listed that's why we're using many exchanges, another factor is the fee. 3. Better and faster support, as you can see a lot of threads in this forum are complaining about why their tickets are not getting replied by their support, i don't know maybe there are too many tickets that they have to handle or something, if yes then they should hiring more people as their costumer service. 4. You might spend much on promotion since so many competitors out there. 5. i'm not sure, i'm not a miner. 6. As people said above, speed is the major factor in arbitrage, verification is needed especially for huge balance so it might affect your trading activity. The fee also is the problem. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: layoutph on July 22, 2017, 01:29:19 PM Nice to hear from a Bitcoin investor since $300USD. Your budget is huge, I think its enough to compete with leading trading sites. Okay I'll try my best to answer your questions one by one.
1. In my own opinion, aside from Security and tenure-ship in the crypto industry of Poloniex. People are trading there because Poloniex can handle huge money. It has a large volume of coins. Theres no fear of making huge sell and buy orders as Polo has lots of active users. New coins? No! Its so hard for a new coin to get listed at Poloniex. They screen and constantly removing dead coins. 2. They said do not put all your eggs in one basket. Thats what I am doing. For security reasons I do not invest in just one or two trading site. I have always a fear of Polo might get hacked. So what ever happened I still have bitcoins from other exchange sites. Heres the list of my trading sites, and reason why I trade there: Poloniex - Security, can handle huge amount, Offers margin trading and lending Bittrex - Security, can handle fair amount of bitcoin, always fresh with good new coins Liqui - Security, decentralized exchange, has tons of good NEW coins. Cryptopia - Just investing from some shit coins Etherdelta - Open source, lots of good ETH ER20 coins. 3. I think the missing part of ALL exchange now is being user friendly to newbies. As all trading sites now by default looks very boring. How about making an exchange that is very friendly to first timers without any knowledge in trading? Providing videos, and step by step tutorials. It took me 4months to figureout how to trade and read charts, I lose huge money from bad trades. thanks to Youtube. Margin trading is also a feature missing from some exchange site. Another cool thing missing from other exchange site but present from LIQUI.IO is having a pair of $USDT/<coin here> to all of its coin. So lets say I trade SONM with BTC, if SONM is about to dump, I just sell it to USDT/SONM. 4. As I mentioned above, your budget is huge. You can use it to promote about your exchange site. Please create a good one, please defeat Bittrex and Poloniex. We will invest with you. 5. Mining is another option, but I guess mining bitcoin now is not that profitable due to large number of miners. Better mine newly hatched GOOD coins as the coin might multiply to 10X in just few months. Then trade it to Bitcoin and enjoy the profit. 6. Arbitrage sometimes is not that profitable due to Bitcoin delay. Thanks sir, if you want to treat me with a beer: 1GgXzTv8MdsHwSvCTvvh1czKqpTVcDXPjb Thanks ;) Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Qartersa on July 22, 2017, 06:13:28 PM Hi, I’ve bought some bitcoins when they were worth $300 but I was not active in this industry and that is why I will need your help. I have a budget of $200,000 monthly to invest so I thought to myself “let’s open an exchange”. You might think that there are so many exchanges now that the market does not need another one. Maybe you a right. On the other hand that is what I’ve been doing for the last 10 years, creating businesses in fast growing industries where there are already many companies on the market. Currently, I am hiring 70 people, mostly software engineers. As a company we are running an exchange in a smaller industry so we want to move to bitcoins now. Most of you are much longer in the industry than me so I have a couple questions. 1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing? 2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ? 3. What are the things you think are missing in the current exchanges? At least from your personal view 4. Do you think we can use our budget($200K monthly) better than creating an exchange? 5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor? 6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should earn extra 2%. Am I missing something? To easy to be true. Anyone want to help us? Do you have any specific knowledge that might be helpful? Maybe you have worked in an exchange, you know margin trading better than others or you use API from exchanges to gain profit? Wanna talk more? Send me your skype login in a private message. First 10 people with activity above 100 who will answer those questions I am happy to send $50 in BTC as a “thank you” for your time so please add your BTC address 1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing? People trust poloniex for all of what you said. But the best thing about it is that it is the most trusted one of all the exchanges now because of a lot of things like security, ease of use, quick turn around, choice of alt coins, and big volumes. 2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ? I am a trader and I use Poloniex, for the above stated reason. I love how they chose altcoins that don't really die, like how it is in yobit, where every altcoin can be accepted. 3. What are the things you think are missing in the current exchanges? At least from your personal view I guess, easier way of depositing money. Usually they only accept bitcoins and other complicated ways of depositing like SEPA on other exchanges. Poloniex accept altcoins they have in their exchange for deposits and also USDT which is expensive to use too. I wish it could be easier and cheaper. Though the problem is that this is global. You need to address multiple ways of deposits and set it up in each country. 4. Do you think we can use our budget($200K monthly) better than creating an exchange? Yeah, buy more bitcoins right now. Likely you will profit more than go against the exchanges right now. Though since you have a terribly big budget, why not? I don't think it would even cost $200k to create one. 5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor? Yes there is, if you would be willing to build it in cold places (not freezing) and has cheap electricity. 6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should earn extra 2%. Am I missing something? To easy to be true. That may be true, this is called arbitrage btw, but that is only for small trades that would not affect the prices of each exchange. If you buy so much from BTC-E then that would pump their price and then if you sold everything on CEX.IO you would dump the price. As a whale, arbitrage is not an option. I hope my comments did help you. Here's my address if you think it did help, 1HMMkZhWZmE7UYjKeWQ4yXcNDoPTHAQDEZ Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Victorycoin on July 22, 2017, 09:57:31 PM This seems doubtful, a newbie account, asking for advice about how to open an exchange and that has 200000 every month to spare, it is too good to be true and when that happens most likely it is. A newbie only signifies a newly created account, it does not tell anything about one's experiences and exposures as you can equally see a number of newbies making meaning contributions in their posts, while couple of high ranking member drift off tangentially from topic on hand. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: bitcub on July 23, 2017, 02:17:58 PM I'll be following your account MR. OP. Please make the best exchange site for us. We are so much tired of Poloniex! So tired of waiting to their customer service response delays and website bugs.
Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: bohr on July 23, 2017, 06:57:17 PM This seems doubtful, a newbie account, asking for advice about how to open an exchange and that has 200000 every month to spare, it is too good to be true and when that happens most likely it is. A newbie only signifies a newly created account, it does not tell anything about one's experiences and exposures as you can equally see a number of newbies making meaning contributions in their posts, while couple of high ranking member drift off tangentially from topic on hand. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: leopoldfeef on July 24, 2017, 12:37:05 AM This seems doubtful, a newbie account, asking for advice about how to open an exchange and that has 200000 every month to spare, it is too good to be true and when that happens most likely it is. A newbie only signifies a newly created account, it does not tell anything about one's experiences and exposures as you can equally see a number of newbies making meaning contributions in their posts, while couple of high ranking member drift off tangentially from topic on hand. Because spending $500 to get a feeling from a large community is so much money /sarcasm Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: k@suy on July 24, 2017, 12:43:02 AM @Deathwing Thanks for your reply. I ve sent BTC, hope they will be with you shortly 1. By traders you mean people doing arbitrage or traders who are doing something else? 6. Why do you think it will not be profitable in the long term? 1 - Altcoin traders, people who only focus on trading all kinds of coins whether if it's popular or just nothing but a shitcoin. 6 - Mainly fees, and the time you spend transferring the coins between the sites will hurt the amount you earn. Correct for number 6. I did experience it that when my coins arrived on the other exchanges the price already drops down because of too much time in confirmations that it takes almost half a day.Though there are many factors affecting it, sped is really important. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: mundang on July 24, 2017, 02:38:15 PM If i were you i will use half of it to open a business in real world, and half of it in cryptoworld maybe i will do trading cause i dont have any knowlegde in investing on hyip.
Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Bunsomjelican on October 10, 2017, 09:42:51 AM I ve sent $50 tip to first 10 people who have replied. Thanks everyone for your help. If anyone else wants to give some advice you are welcome however I am out of the budget for this post So generous of you dude :) Well, even I'm late for giving advise to your concerns. Establishing your own exchange site platform was not that easy to do, it needs a big idea about it and you must create team for this matter. even you have a big capital if you have no team that will help you for this it will be hard for you to manage it alone. And it will be useless whatever good plan and idea you have. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: daserpent on October 10, 2017, 12:21:22 PM Oh great, another "Newbie" claiming to have $200k to start an exchange. I will give you a tip - people in the cryptoworld don't trust newbies. Either back your claims with proof or be prepared to be trolled.
Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: jonatuzc on October 11, 2017, 02:38:40 PM Oh great, another "Newbie" claiming to have $200k to start an exchange. I will give you a tip - people in the cryptoworld don't trust newbies. Either back your claims with proof or be prepared to be trolled. It is time to enjoy the people who are having the bitcoin and they are investing in the bitcoin. The price of the bitcoin will be high in the future and the users will continue to invest in the bitcoin for the long term.200k is a very high amount of the money so they are very lucky to have that much high amount of the money and investment for your future.Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: DragonSlayer on October 12, 2017, 10:04:52 AM Oh great, another "Newbie" claiming to have $200k to start an exchange. I will give you a tip - people in the cryptoworld don't trust newbies. Either back your claims with proof or be prepared to be trolled. It is time to enjoy the people who are having the bitcoin and they are investing in the bitcoin. The price of the bitcoin will be high in the future and the users will continue to invest in the bitcoin for the long term.200k is a very high amount of the money so they are very lucky to have that much high amount of the money and investment for your future.A high amount really for spending on some other things but for making an exchanger? I think 200k$ is not so enough since marketing it will cost millions and the other maintenance cost can possibly more expensive to take. So better we shouldn't set some budget and its better that we have stretchable balance so that we can give an excellent quality service to the traders, Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Jovovich on October 12, 2017, 10:30:46 AM Oh great, another "Newbie" claiming to have $200k to start an exchange. I will give you a tip - people in the cryptoworld don't trust newbies. Either back your claims with proof or be prepared to be trolled. It is time to enjoy the people who are having the bitcoin and they are investing in the bitcoin. The price of the bitcoin will be high in the future and the users will continue to invest in the bitcoin for the long term.200k is a very high amount of the money so they are very lucky to have that much high amount of the money and investment for your future.A high amount really for spending on some other things but for making an exchanger? I think 200k$ is not so enough since marketing it will cost millions and the other maintenance cost can possibly more expensive to take. So better we shouldn't set some budget and its better that we have stretchable balance so that we can give an excellent quality service to the traders, I think with that kind of money, he/she should already know the risks and dont just ask anybody to make transaction. Can ask and find out more on the suggestion but dont really make others do transaction for you. Try experimenting 1st before going in. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: liuqi on October 12, 2017, 11:38:02 AM Oh great, another "Newbie" claiming to have $200k to start an exchange. I will give you a tip - people in the cryptoworld don't trust newbies. Either back your claims with proof or be prepared to be trolled. It is time to enjoy the people who are having the bitcoin and they are investing in the bitcoin. The price of the bitcoin will be high in the future and the users will continue to invest in the bitcoin for the long term.200k is a very high amount of the money so they are very lucky to have that much high amount of the money and investment for your future.A high amount really for spending on some other things but for making an exchanger? I think 200k$ is not so enough since marketing it will cost millions and the other maintenance cost can possibly more expensive to take. So better we shouldn't set some budget and its better that we have stretchable balance so that we can give an excellent quality service to the traders, Please check investment for web development platform cycle that will not cost this much create site and maintain with the dashboard level monitering team also. I don't know in which aspects you have said it without proper knowledge about the creation. Traders will fndcyour site start trading additionally that and all your profit. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: adwike on October 12, 2017, 12:45:50 PM It is a great idea I am also have this idea and I want to run my own exchange platform if you want to be my partner you are welcome I have all knowlege to run an exchange platform please PM Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: mostkey on October 12, 2017, 02:36:44 PM This is a good stage when you start trying with bitcoin investments, with huge capital in every nine that grows. namin it would be better if you try to join and invest with ico, now many ico in circulation, and I am sure with the investment budget of $ 200k / month.
this will give you a lot of benefits, I will give you a recommendation https://bitcointalk.org/index.php?topic=2212650.0 Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: coinplus on October 13, 2017, 08:06:51 PM Oh great, another "Newbie" claiming to have $200k to start an exchange. I will give you a tip - people in the cryptoworld don't trust newbies. Either back your claims with proof or be prepared to be trolled. Lol I was about saying the same thing, and someone already said so. You want to know why people are into Poloniex ? That’s simple– it’s just because Poloniex is an old exchange and has been there for a long time offering reliable services. So if you think the people will leave a trusted site for a new site, you are just wasting time.Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Barbut on October 15, 2017, 11:50:26 AM Oh great, another "Newbie" claiming to have $200k to start an exchange. I will give you a tip - people in the cryptoworld don't trust newbies. Either back your claims with proof or be prepared to be trolled. Lol I was about saying the same thing, and someone already said so. You want to know why people are into Poloniex ? That’s simple– it’s just because Poloniex is an old exchange and has been there for a long time offering reliable services. So if you think the people will leave a trusted site for a new site, you are just wasting time.200.000$ and he comes here to ask for help, that is a joke. He needs to be trolled and criticized, and not just OP, others that are "trying to help him" for 50$ if they are in first 10 comments. One more newbie that claims to have a lot of money, I can't count how many similar topics I saw in all my time spent here, and non of all of them come back ever again here after creating topic. This is one more joke thread, and I don't know what this people who create this profiles just to post this think. Why are they doing this? Collecting free ideas, testing what community thinks about something? What is the point? Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: tailwate07 on October 26, 2017, 03:20:44 PM Oh great, another "Newbie" claiming to have $200k to start an exchange. I will give you a tip - people in the cryptoworld don't trust newbies. Either back your claims with proof or be prepared to be trolled. Lol I was about saying the same thing, and someone already said so. You want to know why people are into Poloniex ? That’s simple– it’s just because Poloniex is an old exchange and has been there for a long time offering reliable services. So if you think the people will leave a trusted site for a new site, you are just wasting time.200.000$ and he comes here to ask for help, that is a joke. He needs to be trolled and criticized, and not just OP, others that are "trying to help him" for 50$ if they are in first 10 comments. One more newbie that claims to have a lot of money, I can't count how many similar topics I saw in all my time spent here, and non of all of them come back ever again here after creating topic. This is one more joke thread, and I don't know what this people who create this profiles just to post this think. Why are they doing this? Collecting free ideas, testing what community thinks about something? What is the point? Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: Irdina on October 27, 2017, 12:28:36 PM Bittrex is a good place to trade.Go there and invest there,
But be careful in trading, if you can not, then your money will run out in an instant.Find the cheapest price and invest there. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: dunfida on October 27, 2017, 01:10:06 PM Oh great, another "Newbie" claiming to have $200k to start an exchange. I will give you a tip - people in the cryptoworld don't trust newbies. Either back your claims with proof or be prepared to be trolled. Lol I was about saying the same thing, and someone already said so. You want to know why people are into Poloniex ? That’s simple– it’s just because Poloniex is an old exchange and has been there for a long time offering reliable services. So if you think the people will leave a trusted site for a new site, you are just wasting time.200.000$ and he comes here to ask for help, that is a joke. He needs to be trolled and criticized, and not just OP, others that are "trying to help him" for 50$ if they are in first 10 comments. One more newbie that claims to have a lot of money, I can't count how many similar topics I saw in all my time spent here, and non of all of them come back ever again here after creating topic. This is one more joke thread, and I don't know what this people who create this profiles just to post this think. Why are they doing this? Collecting free ideas, testing what community thinks about something? What is the point? Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: kevpantof on October 27, 2017, 04:27:27 PM Oh great, another "Newbie" claiming to have $200k to start an exchange. I will give you a tip - people in the cryptoworld don't trust newbies. Either back your claims with proof or be prepared to be trolled. Lol I was about saying the same thing, and someone already said so. You want to know why people are into Poloniex ? That’s simple– it’s just because Poloniex is an old exchange and has been there for a long time offering reliable services. So if you think the people will leave a trusted site for a new site, you are just wasting time.200.000$ and he comes here to ask for help, that is a joke. He needs to be trolled and criticized, and not just OP, others that are "trying to help him" for 50$ if they are in first 10 comments. One more newbie that claims to have a lot of money, I can't count how many similar topics I saw in all my time spent here, and non of all of them come back ever again here after creating topic. This is one more joke thread, and I don't know what this people who create this profiles just to post this think. Why are they doing this? Collecting free ideas, testing what community thinks about something? What is the point? Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: malikusama on October 30, 2017, 06:19:56 AM This doesn't make sense that a person who can afford to invest $200,000 monthly and going to set up an exchange is asking for help from random users here on this forum.
BTW Poloniex have many altcoins on their platform to trade, so mostly altcoins trader prefer using it. I am using Bittrex from the start and i prefer it over poloniex because of the variety of altcoins, many other exchanges lacks famous profitable altcoins on their platform. Title: Re: I want to invest $200K to set up an exchange and I need your help Post by: el kaka22 on October 31, 2017, 05:55:19 PM This doesn't make sense that a person who can afford to invest $200,000 monthly and going to set up an exchange is asking for help from random users here on this forum. It is not a bad thing to want to get a random idea from people.BTW Poloniex have many altcoins on their platform to trade, so mostly altcoins trader prefer using it. I am using Bittrex from the start and i prefer it over poloniex because of the variety of altcoins, many other exchanges lacks famous profitable altcoins on their platform. As far as I am concerned, they always help. The fact that the OP had $200,000 does not mean he could find this forum as an interesting place to get knowledgeable ideas on how to kick start his project and does not mean he has sourced for ideas somewhere else. After all, he even gave $50 to the first few people who answered his question, would you have been that generous? ;D |