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1  Other / Beginners & Help / Re: Bitcoin Business Ideas - Brainstorming & Skill Session on: December 01, 2013, 03:06:03 PM
You are asking for other people's skills but you haven't mentioned yours  Roll Eyes

my skills are:

-Engineering Knowledge

-Engineering skill set

-Business background

-Entrepreneurial spirit

-Python/C++ Programming Knowledge

-Enthusiasm for bitcoin BTC
2  Other / Beginners & Help / Re: Bitcoin Business Ideas - Brainstorming & Skill Session on: December 01, 2013, 12:00:42 AM
That's some interesting brainstorming!

I've also been wondering about potential business models around Bitcoin. I'm a programmer and interested in start-ups, and I'm surprised there's not more apps out there surrounding Bitcoin (only drug/gambling places and faucet sites).

Right now, it sounds like businesses that allow people simply to purchase Bitcoin are in need, but that's difficult for regulatory reasons. Coinbase and Bitstamp are good but slow, then BTC-e and Mt. Gox all sound like they're on shaky ground. Add in all sites that have been hacked or scams and it's a huge opportunity for the first reputable business to sweep in!

Tributary, would you be willing to collaborate on a bitcoin project? How much time do you have to devote to BTC projects?
3  Other / Beginners & Help / Re: We're here to sell our services! on: November 30, 2013, 10:26:02 PM
what are some of your services?
4  Other / Beginners & Help / Bitcoin Business Ideas - Brainstorming & Skill Session on: November 30, 2013, 10:14:47 PM
What are some of your ideas for new businesses in the bitcoin industry? I am hoping to build a business with like-minded individuals that will help spread the usage of bitcoin worldwide.

A few of my ideas for potential Bitcoin Businesses:

-A real Bitcoin Wallet made out of leather with QR Codes on top and secret QR code inside. Can also store paper bitcoin money & coins.

-Bitcoin Vacations (Vacation in an area where bitcoins are accepted, shops, restaurants, housing, etc)

-Bitcoin Insurance agency, bitcoin life insurance agency

-Bitcoin financial products

-Bitcoin No lose lottery (promote savings & value in Bitcoin) http://en.wikipedia.org/wiki/Prize-Linked_Savings_Account

-Bitcoin Casino (Or more altruisticly adopted to be a 'No Lose Casino')

-Bitcoin financial derivatives exchange marketplace (Buy/Sell Calls/Puts, will help remove some volatility in Bitcoin price)

What are some of your skills, and which projects are you interested in working?
5  Other / Beginners & Help / Re: Creation of CryptoCurrencies Index Fund crowdfunded by Bitcoin on: November 21, 2013, 07:02:10 AM
OleOle --

Thank you very much for your response and the links you have provided. I will be checking them out.
6  Other / Beginners & Help / Re: Creation of CryptoCurrencies Index Fund crowdfunded by Bitcoin on: November 21, 2013, 06:39:30 AM
There are fluctuations in Bitcoin price (compared to US dollar) and fluctuations in Litecoin price (in US Dollar), but there is also a fluctuation between the price of BTC/LTC. As Bitcoin increases, other cryptocurrencies will gain investment due to the low barrier of entry and high potential pay off, which will become a virtuous circle as more and more investors and business accept different cryptocurrencies, beginning with Bitcoin.
7  Other / Beginners & Help / Re: Selling appartment for bitcoins on: November 21, 2013, 05:59:21 AM
Cool Idea, good luck!
8  Other / Beginners & Help / Re: Creation of CryptoCurrencies Index Fund crowdfunded by Bitcoin on: November 21, 2013, 05:52:14 AM
You will notice that the price of Litecoins has decreased significantly in relation to Bitcoins. This rise is attributable to the recent spike in the price of Bitcoin, so if you are looking to invest in an underpriced asset, Litecoin will be a great way to go, because as Bitcoin gets larger and more media attention, naturally other cryptocurrencies will start to receive attention as well. I look forward to sharing my ideas and learning more about the community at Bitcointalk.org.

So if you believe that litecoin price only follows bitcoin why do you want to invest in litecoins and not go straight for bitcoins?

I believe that even if bitcoin stays at the same price it is right now, litecoin will have to increase 3-4x to reach proper valuation in relation to Bitcoin, which means that if bitcoin doubles then litecoin increase in value will value 6-8x relative to the Dollar.
9  Other / Beginners & Help / Creation of CryptoCurrencies Index Fund crowdfunded by Bitcoin on: November 21, 2013, 05:24:15 AM
Hello All,

I am a newbie here. I have read about bitcoin and been a follower for many years but recently really started reading more about it and getting interested in applying typical financial practices with Bitcoin and other Cryptocurrencies such as Feathercoin & Litecoin.

What will help the growth and adoption of Bitcoin, is a diverse selection of cryptocurrencies. Rather than competing against one another (for the almighty dollar valuation), cryptocurrency diversity will bring a stability to all cryptocurrencies, and a different set of basic ideals which may be suitable for one community or another.

One possible way to promote diversity is to create an index fund, funded by bitcoin, which purchases Feathercoin, Litecoins, and other alt-cryptocurrencies. How much interest would there be in creating something like this? In a few days I will put .1 BTC into the wallet

1KRVrLokLvVaKgFZuVo5VBxN4TwWXQdHkZ

and all funds will be used to diversify in other cryptocurrencies.

For Example, if you look at the chart of LTC/BTC:

http://www.cryptocoincharts.info/period-charts.php?period=1-year&resolution=day&pair=ltc-btc&market=btc-e

You will notice that the price of Litecoins has decreased significantly in relation to Bitcoins. This rise is attributable to the recent spike in the price of Bitcoin, so if you are looking to invest in an underpriced asset, Litecoin will be a great way to go, because as Bitcoin gets larger and more media attention, naturally other cryptocurrencies will start to receive attention as well. I look forward to sharing my ideas and learning more about the community at Bitcointalk.org.
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