|
Title: How much capital do you need to start your own altcoins trading platform Post by: |Admiral| on September 20, 2017, 05:23:52 PM Question as mentioned in the title.
I think the capital requirements is not much as the trades will happen from one people will buy and other will sell..so no need for huge bankroll?? Am I right? I am particularly noon in this discussion so explain me if you are a veteran member. Also how much it would cost me to get my own altcoins trading platform like Poloniex or yobit to be made? How start the approach...etc..etc Title: Re: How much capital do you need to start your own altcoins trading platform Post by: ngacengan on September 21, 2017, 09:20:33 AM Question as mentioned in the title. I think the capital requirements is not much as the trades will happen from one people will buy and other will sell..so no need for huge bankroll?? Am I right? I am particularly noon in this discussion so explain me if you are a veteran member. Also how much it would cost me to get my own altcoins trading platform like Poloniex or yobit to be made? How start the approach...etc..etc my capital to play altcoin as much as 1 BTC, i do not just play 1 altcoin only, i take example in altcoin poloniex, altcoin in poloniex very much i take 30 altcoin list example so i divide 1 bitcoin i to buy 30 kinds altcoin, so 1btc / 30 = 0.03 BTC for 30 altcoins in poloniex, then I just enjoy the profit from the profit sharing of such assets. do you understand what I mean? Title: Re: How much capital do you need to start your own altcoins trading platform Post by: legendbtc on September 21, 2017, 09:46:57 AM It depends upon the capital you have and it should damage your day needs because within a day it is not possible to earn in cryptos. Sometimes it may take more than 2 months or 3 months to get profit on your investment. So it does not harm you day needs and your JOB in this way you can start investing according to your convenience.
Title: Re: How much capital do you need to start your own altcoins trading platform Post by: DanielRR1997 on January 08, 2018, 07:11:24 PM Whatever the amount of your capital, I recommend dividing them into five equal trading lots. So, if your capital equals one bitcoin, you will divide them into five equal trading lots; 0.2 bitcoin each. My strategy is to use 4 lots to buy 4 different coins and leave the fifth lot to use whenever good trade entry points emerge in the future. For example, a capital of 0.5 BTC would be divided into five 0.1 trading lots as follows:
a. 0.1 BTC for buying ethereum ETH b. 0.1 BTC for buying monero XMR c. 0.1 BTC for buying gamecredits GAME d. 0.1 BTC for buying ripple XPR e. 0.1 BTC trading lot left for good trade entry points in the future. Title: Re: How much capital do you need to start your own altcoins trading platform Post by: Fearless13 on January 08, 2018, 07:53:27 PM I think you are all missing the OP's point.
He wants to start an exchange. I think an exchange is way out of his league as you need many employees writing code and stuff. Just to pay salaries for a year off hand I'd guess $500,000 minimum. Rent, insurance, hardware, servers, advertising, legal, etc. add another $500,000 Funding the platform in Cryptocurrency I have no clue about. Looks like way over one million USD to me. Title: Re: How much capital do you need to start your own altcoins trading platform Post by: Drnice on January 08, 2018, 08:02:12 PM The capital always depends on what is available at hand to start up. In trading, what ever capital you start with, it should be enough to buy 5-10 different altcoins, and wait for rise in price. Or, if you don't have enough capital to start up altcoins trading, then go into the bounty section of the forum, and get some new coins.
|