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The beauty of Bitcoin’s base chain is that it’s very simple. Sure, people can do Ethereum-like smart contracts if they want via sidechains and layer-2s, but having them on the base chain removes the beauty of Bitcoin’s simplicity.
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No matter how highly saturated(in terms of number of projects popping up) a certain niche is, there will always be winners — you just have to choose the correct ones. And knowing how permissionless crypto is, it’s expected that the projects would be very high in numbers in the first place.
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Obviously. Bigyan mo na ng 10% in exchange for no criminal charges(pag nahuli) kesa naman potentially na mawala ung 100% kasi wala namang kasiguraduhan na mahuhuli ung tao. Maybe hinde nalang ito tungkol sa pera, well nakakatawa pero grabe ren kase ang mga hacker baka pati personal details ng mga may ari ay nakuha nya.
DeFi protocol(Curve) ang nahack, hindi centralized exchange; as per ung linked Bitcointalk thread. |
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The smart choice here would be to just take the 10% and live freely. I know highly-technical crypto users can evade traceability by doing things correctly, but it only takes one mistake mistake to get yourself in handcuffs. Having more money isn’t worth it if you’ll be on-the-run(virtually) forever.
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Satoshi’s intent with Bitcoin is pretty clear, so on the top of my head, I’ll probably ask him his thoughts on smart contract platforms like Ethereum and Solana. Bitcoin maximalists are very against these(there are both valid and crappy takes), so I’d like to hear what the man himself has to say.
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The process is quite straightforward. First, create your crypto design and utilize platforms like Etsy, Shopify, and others to sell your goods. You can use Printify or Printful for print-on-demand services. Alternatively, you can search for lesser-known but more affordable and superior options and connect them to Etsy or Shopify. While it may seem challenging at first, you'll quickly adapt and be able to sell your products.
Next, conducting keyword research is crucial. There are numerous tools available to help you optimize your SEO, making it easier for people to find your product.
If you prefer a simpler approach, consider using Spreadshirt. This platform allows you to directly place your design on a multitude of different products for sale. They handle everything, from production to shipping, and you get paid every 15th of the month. All you need to do is specify how much you want to earn from each product.
However, there are a few drawbacks. For instance, it takes at least a month to receive your first payment. In my experience, Etsy withheld 75% of my first payout, which I hadn't factored into my calculations.
That sucked horseballs for me. But I´m used to it. Have been in this kind of situations so many times. A lot of ups and a lot of downs.
But I think you have a good niche, I did some reseacrh and if you want to I can help a bit.
Unless we're completely misunderstanding each other and talking about two different things. That happens to me here sometimes.
This method is technically still possible to do, but it’s such a saturated method that it’s likely to not work. It’s not like back then when you can just post mockups(not actual photos) and get sales, but today you’d have to up the marketing — take actual real and great photos of your apparel. At that point you might just as well print the actual shirts yourself for more quality control, more media control, and higher profit margins. |
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You’re likely to end up with a loss if you leave your money to copytraders in longer periods of time. Yes, some copytraders manage to get trading rotations/cycles right (hence why some copytraders have like 200% annual profit or even higher), but let them trade for more than 4+ years, then they’ll end up likely messing up. Their annual profit always looks good because it’s mostly under the span of 2 years.
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Mike Novogratz, as in the Mike Novogratz that was so bullish on Terra/Luna that he got a tattoo of it? Lol. Not saying he’s dumb or something, but he should have less popularity now after all that terra/luna fiasco.
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According to the current market on apparels, it is said to have the following All segments in the Apparel market are expected to grow similarly. The CAGR between 2022-2027 for the Women's segment is 5.01% and for the Children's segment is 4.4%. Maybe you could focus on those part of the market in the women's and children's segment in order to take advantage of the market. I can't seem to find yet a suitable source for crypto related merchandise but I think you would be able to gauge a niche market in your place first. That’s good data, but let’s not forget that women and children(obviously) are far less likely to be interested in bitcoin and other highly-volatile assets; so the data might not be that relevant for this case. Wouldn’t hurt to try though, as Bitcoiner dads might buy Bitcoin-related shirts for their children(obviously a dumb idea due to security reasons). |
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Bitcoin is a tool, and a tool can be used both for good purposes and bad purposes. Just like how a hammer can be used to repair stuff, but at the same time it can be used to bash someone’s head in; and just like how physical cash can be used to pay wages and buy groceries, but at the same time can be used to pay hired killers and to receive payments from kidnappings.
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I get that this is just theoretical, but situation #1 is very unrealistic because bitcoin wouldn’t even get traction or even get off the ground in the first place if it’s as badly centralized as you described.
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Both are good — in the end it will just depend on which kinds of business you can start from scratch and which kinds of businesses you can potentially buy. There’s simply no one-or-the-other answer here.
Personally I prefer starting businesses on my own simply because I had zero opportunity to buy a business(that’s not in the stock market).
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Now I'm thinking that I'm gonna make these kinds of merchandise and sell these platforms. But don't know about the market potential. Is the people of crypto ecosystem are really interest to buy crypto merchandise stuff?
It’ll really depend on your country/state/city. Some places are more crypto-friendly than others, and vice versa. You can use things like Google. Trends to check on your country/city/state’s crypto-related Google searches. |
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You can say that Bitcoin is kind of like it's still in beta but if you think about it its existence then it's been around for years so that's make it less likely to be in beta for real that's why it's still an experimental as the others have said. The reason why I said it's like the same as beta as because it is still in experimental but if I am wrong then that's because the information you have seen is outdated and the one who posted it or publish it didn't update the status or the information.
It’s not really the age of existence that decides if a certain software is in beta phase or not — it’s mostly more of how production-ready a certain software is, and this is mostly decided by the developer/s. Obviously bitcoin is open-source so there’s no one central authority that decides on this. |
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What? They are the worst for DCA. Don’t know if you remember but they got a very good average buying at the $10K mark before the large bull market.
Their issue was they kept buying as it was rallying. They were lucky with many of their buys but they started to buy the top pretty much. Instead of buying less they were buying more and more and their average price of $11K became like $35K very quickly and they were at a loss. They had a horrible DCA strategy.
The point of DCA is to actually continue buying regardless of what the price is. Their strategy just comes of as “worst” simply because we already saw what happened with BTC’s price from the time they bought, to today. Hindsight is 20:20. And I don’t even think they’re actually doing actual DCA — they seem to be just buying when they have enough cash. |
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What do you mean stop trading? They’re actually rumoured to implement trading on their platform as Elon Musk’s goal is likely have X to be a “super app” of some sorts. Elon seems to be a sort of “freedom” type of guy — with him being more lax with Twitter’s policies; this is evident with having the likes of Andrew Tate and Donald Trump unbanned.
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According to the post made by achow101 (who is one of bitcoin core developers), it's no longer a beta software, however it's still an experimental software.
I quite agree with this take. The Bitcoin Core software has been around for quite enough time already to probably exit the “beta” phase, but Bitcoin’s current age is still quite young to exit the “experimental” phase knowing how ambitious of an experiment Bitcoin is. |
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Good for them! Now, if only they can actually increase their annual cashflow instead of just being a de-facto bitcoin ETF stock. Is MicroStrategy success with Bitcoin a sign that more companies will invest in cryptocurrency?
Doesn’t work that way. I doubt all these companies would be like “ omg MSTR is now profitable on their bitcoin holdings, we should buy some too!” |
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This is actually quite bullish and quite surprising — RFK, Suarez, and DeSantis are quite pro (or at least fairly neutral) on Bitcoin; not unlike Biden. Bitcoiners might have a hard time deciding on this one, though they’re mostly learning towards RFK as far as I know.
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