|
Title: -- Post by: Peter Lambert on October 13, 2011, 04:38:45 PM Deleted
Title: Re: [LIF] How much do you need to start your bitcoin business? Post by: ovidiusoft on October 13, 2011, 08:08:17 PM 1). In order to keep the barier of entry low enough, I would suggest no more than 1 BTC/share. I would buy some just for fun. I would buy a few hundred if I believe in the managed projects.
2). I might be wrong, but personally I laugh when I hear of "business plans" under 5K USD. So let's say a minimum of 1000 BTC initial investment and maybe another 500-1000 (of more smaller batches) at certain milestones. Title: Re: [LIF] How much do you need to start your bitcoin business? Post by: deslok on October 13, 2011, 09:17:50 PM "how much" is going to vary widely on the business, some of the equipment i've looked at for my printing business is over ten thousand, others under five hundred. I can imagine such a range is a special case but some child be looking at tens of thousands even once they're off the ground.
Title: Re: [LIF] How much do you need to start your bitcoin business? Post by: c0ffer on October 16, 2011, 07:23:31 PM I think the amounts would correlate to the level of Bitcoin spending going on. If people are only spending small amounts of coins then I doubt people are going to invest large amounts of Bitcoin.
People are still hesitant about Bitcoin for many reasons so we aren't seeing spending in the equivalents of hundreds or thousands of dollars regularly. If people are that hesitant to transact at that level it is less likely that they will invest at a higher level, at this point anyway. With this being the case there are not very many businesses that can get started for dozens of Bitcoins. There maybe small ways for business to expand, but even those choices would be limited. I would like to try an experiment in this area but I am not sure if the support level would be there. |