Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?
A friend of mine was in that business in Singapore but they relocated to Canada last year, from our conversations it was doing well but left it after the halving last year when he sold all his Bitcoins for fiat and relocated. I also have a friend who worked on this. He is still in this business, because it is profitable. Only such a business need a large start-up capital For providing the money to make your users can get money for instantly. But this business very worth on the eastern countries. many of my friends were opening that service and really profitable. They are take 0.5 percent for the every transaction. |
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I have not seen anything like that yet in my country,if you want pay in leasing you must exchange you have bitcoin to fiat money.
Never' you'll never see anything about the motorcycle showroom that accept bitcoin. because because bitcoin is still unfamiliar for the people around the world and i think we will never see it anywhere. and just waiting for the future will come in our hand to see it to be real. |
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Some do say when they have invest early enough they've made a profit as little as they maybe before the ponzi closes it's doors and shuts down for the cycle.
but there are also many hyip or MLM scam in a short time so that even if you joined in the beginning even though you will still lose because not get the ROI. all of it depends on luck Nope, even there are some MLM site was closing the site for directly after some of the people are already tried to send their money to the site. and I think to get on the MLM site is very risky. because anytime the site can be shutdown. |
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WeTrust has a very good team and good backers (including Bo Shen and Vitalik). I will trust them.
I hate the coin just use the big name to backed his project and sell that name to gain more hype and demands. This so sucks in my mind. |
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I read that practical quantum computers will be available in 5 years. Blockchain will not be secure anymore, so I think coins based on DAG are gonna survive.
The current wallet already has a quantum resistance. Currently all of the bitcoin wallet were generating from SHA256 and I think it's have the quantum resistence. But NSA has given an awareness about SHA 256 is not safe again to use. I don't think if it is true. Quantum is really hard to get a real. Rimped and SHA 512. It looks good for the next generation of the wallet. With SHA 2 family will be broken and I think SHA 512 it's next generation. SHA 256, SHA 384 both are having 128bit security > NSA recomend SHA 384 with better quantum resistance but i don't believe it > because quantum still an experimental in my opinion. |
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In my opinion the halving is very good .as because of halving the price of bitcoins would go high up as the demand of bitcoin would increase.it is also done to make the price of bitcoin make more stable and i dont think it was any bad intentions.
Nope, Halving is not pure "good" effects on bitcoin because in the other side, Halving can be a risky event for bitcoin because it halves the block reward which will make the miners to earn less than they earn before and also if the prices dump after halving then it will be a hype for the other bitcoin users to sell their bitcoins too. Not all the times, the prices go up because it is always up to the investors,miners and hodlers. So assuming if a miner can get 10 BTC with the price $1000 but after halving he will only get 5 BTC with the price of bitcoin $1500. I don't see a lot of different both of the case. You must read more about how it works. |
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Guess 1BTC will cost minimum 2000$ after ETF this spring
It's very unrealistic, How many the total of the money will flow to the bitcoin and i guess it's not more than a billion. and It will not push the price of bitcoin with instantly. I guess $1400 is more realistic speculation. |
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if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
No way, its not because I don't trust you. But because we are bank already of our own bitcoin. That's why were the only one who knows the private keys and passwords. So I think it wouldn't work if you insist to build your own bank. Of course keeping our bitcoin on our own is like banking on our own way, we do not need third party to entrust our money and our information. If it's the same set up as fiat banking, I doubt if people will who have already tried the benefits of using bitcoin will shift to that old system. For me, I would not bother to take our my deposits and transferred to that specific kind of bank, I'm safe here and will be safer in the future to come. Banks are a must to have a standard procedure in all needs. Due to anonymous transaction crime increases, this can be avoided by having a track to know the users and help with transaction. In this case only banks can operate successfully. Bitcoin bank = Never gets implemented. Bank based the blockchain system = You will see some of them on 2018. |
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Investing is a risky business. Mostly we don't know all the information about the company you are going to invest and it turns out like casinos. Maybe you'll get lucky, maybe not. I think it's better to make a Deposit in a Bank and store money there.
Nope, You're a fool if try to invest your money without any knowledge about the project. because the legit project was offering something new in our community. If it looks like a gamble still depend on the developer's performance. |
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I don't believe in Fiat. I will believing in Crypto-Currency because crypto-currency has more potential to earn than the fiat. Why? Because if Crypto-Currency will success my money will double or triple by just waiting it few years or few months only. In Fiat you will earn but not too much because Fiat price is stable.
No one objects to that.  But to be honest, I would still believe in fiat today and until the day that our future in bitcoin is not yet secure, as long as we can't live with bitcoin alone as a currency, I will still doubt bitcoin and I will always be after the safety of my future. i believe fiat and i believe with bitcoin too but for now, i am prefer using fiat in my real life and in the future if there is any place that i can use my bitcoin, i will use it to buy something. but for now, i am happy that i can use my bitcoin although i only could use my bitcoin just in internet but at least i can spend my bitcoin to buy something. I use fiat in real life, because i can't spend some hours of my time just waiting for the single confirmation for the bitcoin transaction. We are need fiat to keep our lives in real life but we are need bitcoin in our digital life. If the bitcoin gets a lot of improvement and every block can contain over thousand transaction and i will always use bitcoin.  |
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It caused by those people are trying to buy the rumour about the ETF decision. So, i guess this bullish trend can be turning into the Bull-trap anytime and every time. I need more speculation and analyzation about it. it seems like we are above the weak floor.
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Not more than $2000. And i think the ETF decision will not give a lot for the price of bitcoin. According to the current trend of the bitcoin. We will have a new ATH in the next week. and get ready to sell your btc if the bull trap will be coming as soon as possible. Keep your eyes on the latest news update of bitcoin.
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I guess don't be panic about the ETF decision. but approve or not bitcoin still on the right way. the bullish trend will always be appearing every time. I've heard a lot of the financial institutions are trying to adopt the blockchain system. Although it will not give the direct effect to bitcoin but it seems like the future of the automation. I just understand a little word of your sentence.
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We have many people working with btc in these days, and this price, give a fucking support, only a BIG FUD coming from a big market like china can manipulate this market in this days
Nope, you will not see the Chinese FUD again. PBOC has restricted it. so we will see the price of bitcoin will always increase everytime. fake volume of the Chinese exchange already got audit. I think Chinese is nothing right now. |
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The halvings gives Bitcoin value and makes it lucrative for more investors so I think it should be maintained for us to keep profiting from our investment. If we don't half and we keep more BTC with less value what's the point rather than have less with more value.
from the previous halving was my first experience so i can say that halving is good. as in previous halving the price of bitcoin increased so high and that is the reason that we can expect from the coming halving also. Economic 101 " less supply and more value" so the decrease reward for the miners give a best opportunity for the price of bitcoin. and it will have increased in the future and i think the halving is the key every 4 years. the price of bitcoin will have doubled. Halving = big hype. |
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It's better to invest than save. I think right now, the market is open for any investment available. Wait for bitcoin to stabilize it self on the current market and put your money in cryptocurrency. Saving is a dumb way to make money off of interest rate, banks will always make more.
investing will give you the advantage. will be good also if you want to combine with the store as well. certainly it will give you a good impact. because you can save the profits that can be collected It depends on what type of investment you are going to enter. Not all the time investing will give you an advantage, sometimes it will give you an headache if you don't know how to handle it. But I'm always neutral with this type of things. Both things are good to do, just keep on saving and later on you have something to invest. Investing in something you don't know will just a waste of money, saving it is really much more better to do. Both can also be bad if its too much. Investing all your money will be a big risk if most of your investment will be not successful. Saving all your money is also bad because your money won't grow and can be easily spend when you retired. It is good to balance your money so whatever happens in the future you and your family will be secure. but saving mean decreasing the value of your money. if you will invest your money in bitcoin or in alt coin then you will really increase the value of your investment. so i can say that investment is more better than saving. Your word are non-sense, why saving our money will make its money will be decreasing? Saving and invest have a different definition. and i think you should be correcting it again. investing our money with low-risk level is better than saving our money. but i will say no for the high risk investment. |
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I personally don't even feel that the Bitcoin ETF is going to be approved based on the pure fact of how volatile and risky Bitcoin is and how easy it would be, based on past history of bitcoin volatility, for an investor to lose all their earnings very quickly.
I'm not saying this risk isn't present when it comes to trading stocks, but everyone here knows bitcoin is much more risky then stocks. In the off-chance for approval, I don't think the Bitcoin price will be affected in a major way due to it, maybe it'll jump a bit then fall a bit.
In this bull run, all that matters is what people's perceptions are. If people think that there is a good chance of the ETF getting approved, the price will increase like crazy. In the end, if it doesn't get approved, we will have a huge crash. It is true, if the ETF is disapproved, the once bull charge will be a bull trap. Bulls will be burn by their own charge and price will definitely go down. I can see whales taking advantage of the news to crash the market and buy Bitcoin at the lowest possible price. Yeah bull trap that's why i've planted to sell my bitcoin before 11 march. i just try to prevent for my to get the bull trap. and i can get some profit again. I've ready for the dump after the news of 11 march will have released. |
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The matter of time. We will see the decision on 11 march. we will pass february right now. and i think a lot of the bitcoin supporters are feeling optimism if SEC will approve bitcoin. And i hope so... I can be patience for that. |
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Glad to see the ethereum manufacturer has used by a lot of the platform to building an innovation. EDCON has shown how the ethereum community is growing. |
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