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My own prediction is that bitcoin will be trading at $20,000 by ending of 2019/early 2020.
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If BTC is scam, i believe everything is scam, GOLD, USD, all currency.
The value of USD back years and what it can purchase back years is nothing to compare this era. Everyday, all currency depreciate and things goes higher than expected and more money required to purchase stuff. Everything is scam.
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I think this is old news not recent.
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Since I joined crypto world 2016, my dream is to own an exchange where people worldwide will trade cryptos.
I have made several research on how to own an exchange, but the stress, programming, management, time and finance involved in getting and running a good exchange is damn too high.
Am just a HTML programmer and no idea on blockchain programming.
Finance is number one issue, many good exchange script seller out there cost nothing less than $30k + setup fee including API key functionality.
I have contacted some friends to invest but non interested as they all have no clue about cryptocurrency.
Am saving some cash but it might take 2-3 years to have the fund raised.
Now, if eventually am able to get the fund to start an exchange in the next 2-3 years, will it be profitable or i should forget it?
Some will say why i want to own an exchange? Anyway, i see it as a cool business, listening and trading fee are the attractiveness i see in it.
The first thing that you need to do is to study the competition, there are people here who are more knowledgeable than you and those who already have a working team, and those just got funded from ICO, that cannot deal with competition. Just check out Lbx, Becent Bitmillex, Weidex TronX these exchanged based ICO have funds to set up a good exchange but the competition is making them hard to progress, you are up against multi-million dollar companies. I do not discourage you to set up one or give up your dream, but you need to study the competition first, assemble a good team that is capable of making your dream a reality and find something or unique concept that can attract traders and investors, there's a huge money to be made in the exchange business, but the first step to get in is very hard. True talk, competition is the major problem faced by exchange. Setup is easy on one hand, advertising and competition another one to face. Thank you. |
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So far we already have 233 exchanges in the market and still counting, many more are coming https://coinmarketcap.com/rankings/exchanges/3Cryptocurrency Exchange is such a huge business, some of these exchanges have prior experiences from setting or running an exchange from other industry like Forex, I don't discourage you but unless you can assemble a great team and you have huge funds to spend, don't set up yet. Thank you for your comment, me while, how do i get good team and beside will they contribute financially or looking for what they will put in their pocket? |
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Never give up on your dream, it's a good one, but make sure your country permits, then look for some crypto enthusiast to partner with you, but before then, keep learn how to be successful as an Exchange owner, know all what it takes.
Yes, off course before opening the exchange, i have to apply for licence. thank you. |
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The first thing you have to underline is, you must have permission for all countries in the world to access the exchange that you are going to make. if it is successful and all countries can access and trade crypto in your exchange, your job is to make security and protect your exchange so that fraud and hackers do not occur as has happened in some new exchanges, moreover your target is to cover all countries.
at bolded, really? have permission for all countries? do you mean i have to consult each country for permission? i don't get it. |
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Since I joined crypto world 2016, my dream is to own an exchange where people worldwide will trade cryptos.
I have made several research on how to own an exchange, but the stress, programming, management, time and finance involved in getting and running a good exchange is damn too high.
Am just a HTML programmer and no idea on blockchain programming.
Finance is number one issue, many good exchange script seller out there cost nothing less than $30k + setup fee including API key functionality.
I have contacted some friends to invest but non interested as they all have no clue about cryptocurrency.
Am saving some cash but it might take 2-3 years to have the fund raised.
Now, if eventually am able to get the fund to start an exchange in the next 2-3 years, will it be profitable or i should forget it?
Some will say why i want to own an exchange? Anyway, i see it as a cool business, listening and trading fee are the attractiveness i see in it.
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2017 = bull run
2018 = great deep
2019 = balance diet
2020/2021 = another bull run
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i wish we could go back to previous when some coins were very cheap
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is it the facebook doing presale on icobench?
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ETH of course, ETH bull run is coming close, they have real project not clone of BTC. BCC is another clone shitcoin like BTG, and the rest
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Lol, that's reminds me of my past experienced with Yobit exchange when i started trading around 2016, i started with $250, i was following pump and dump coins and never new how trade works. when i bought at high price when coins pumping, in a few seconds the coins dump so hard. my $250 became $40, lol. I had to call trading a scam game. that got me off in trading throughout 2016, and i would just open the exchange and keep watching all the activities going on till i began to understand the tricks. i found out that patience is the key. i ventured in again in 2017. then i began to make profits.
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IEO is way to go, fake projects has killed ICO
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many people are still scared to btc
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two things involved... either suicide or disagreement
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When you invest in something and it perform very good to your expectation, then you have every right to praise that thing. Crypto is indeed great to some people who understand how it works and have patience. Not those who want quick rich over night.
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very inspiring sir, i learnt alot from your story, is good to let your children or loved once know about your asset you kept. am happy your children are tech savvy. You kept your bitcoins in a safe place for future price, wow, you must have trust in bitcoin.
I use this medium to pray for you sir, may God heal you from any disease you are suffering from right now and regain your life back and join back the bitcoin world with your codes. AMEN.
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The earlier miners and hodlers takes the bigger profits, anyone who have 0.5btc - 1 above in the next 5 years will be wealthier.
next halving will reduce the block to 6 btc, this will increase the difficulties.
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12.6 is waste of time, no increase performance, rather decrease of hashrates and crashes.
12.5 still the best
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