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Hello,
I am not sure where to invest my money and I would like to talk with people who have experience in gambling businesses.
I want to build a new sports book with some great features.
I have a 6 figure budget (100k USD or more) for the bankroll and development of the site.
How much money do you say a sportsbook can bring monthly to the owner? I am looking to get at least 10k USD per month or equivalent in BTC.
How do actual sportsbook manage live games odds and odds pre-match?
What are the costs involved?
Any thoughts?
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Hi!
I would like to know if it's possible to make a living betting in a sports e.g: a sports I manage and have knowledge about.
I have around 100k fiat in BTC to get as my bankroll.
What ROI can i expect yearly?
Any bankroll management tips?
Thanks
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you can make living trading bitcoin/usd you must use much high capital,
but you living trading altcoin you can use low capital
$100k is enough for BTC/USD? |
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If you have a starting capital of $100,000 in BTC, you should do fine, but you need to be smart about it all!!! If you are looking for some investment strategies and such, please PM me. I do not make a living on here, but everything I have on here is because I have earned it online. I did not invest nothing into it at all.
Oh my dear god, if I had that amount of money there's no way in hell I'd be trading altcoins. For one thing, the markets are generally too thin to do any trading with size. And the other thing, most importantly, volatility is waaaay too high for me. You can easily lose 90% of your stake within seconds if the coin is shitty enough--and most of them are. Trading stocks, bonds, pork bellies, and shitcoins is super risky. Even experienced traders have trouble making a living at it. Try it OP, get back to us. I wouldn't trade low volume alt coins. I usually like the BTC/USD more |
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Thanks for the responses. Waiting for more feedback  |
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You need to have a huge amount of bitcoin that you're trading to make a living at it. You also have to be very good at timing the ups and downs of the bitcoin market.
What would you say a huge amount is to make a living? You don't necessarily need a *huge* amount, although having a large initial capital will allow you to take low-risk investments/trades and still profit a respectable amount from it. Amounts that you should be looking for varies on what your style of trading is; are you a risky player, or a low-risk, low-reward kind of guy? Also, I'm not sure if you are comfortable and have experience in trading, but if you're not, I would recommend for you to take a small amount of money and start getting yourself familiar with it; that way, you can learn from your mistakes and not lose much at all. TL;DR: amount varies on how you trade, and best of luck with trades. Hey there, to be honest, my plan is to move to a low-cost of living country and make around 10k per month to spend + more to add to my capital. 20k would be ideal, but that is 25% on my capital which I'm not sure its possible so probably a 10% monthly would be a better aim. I would like to have mid-risk trades and low-risk trades. My starting capital could be 100k or a little bit more depending on potential. Do you think it's possible to make that amount per month with that money? |
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You need to have a huge amount of bitcoin that you're trading to make a living at it. You also have to be very good at timing the ups and downs of the bitcoin market.
What would you say a huge amount is to make a living? |
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Hi!
What do you people think about making a living by trading BTC/USD or BTC with other ALT Coins?
Do you think it's possible to make a living with an excellent starting capital? ($100k ~)
I am looking to get at least $5000 per month profit with this capital
Can we have this kind of income as a "sustainable income."
Is anyone making a living trading? What kind of strategy do you like more.
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Hi,
It's hard since mortar businesses need banks for Loans and also to get payments from clients or companies. Everyone or a significant percentage of people should adopt Bitcoin if we want to replace them for mainstream financial instruments.
The problem is: Non-tech people don't understand how it works, and they have fear. The only way to make Bitcoin mainstream is to have big companies promote them through ATM's. Bitcoin should be like VISA, and It should be accepted anywhere where there is a POS for a credit card.
After some years, it could replace VISA/MASTERCARD, but it needs to be easy to use, safe and legit in many countries. We know governments want money, and they need to avoid Money Laundering and Tax Evasion, and I think Bitcoin makes this point hard.
So basically every business should have a POS for Bitcoin and a way to convert those to Fiat asap like Bitpay.
I don't think Bitcoin can replace USD/GBP/EUR or any currency. It can be an excellent payment method.
Why it can't convert into a major currency?
Becuase it's very volatile right now, and businesses don't want to have this type of issue about knowing how many BTC their USD will be today or tomorrow, they just want a stable currency.
I love Bitcoin and the technology it has behind it. I hope bitcoin converts into a mainstream payment method so we can use it every day, until then...I just stick to USD fiat for my daily expenses.
Another thing we need to be aware is about security: We need safe and easy wallets for people who aren't tech enough to get a hardware wallet or even a cold storage. We need a solution for this, and it should be easy and free to put into practice.
Let me know your thoughts,
Bizster.
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Hey,
Why don't you just go to Localbitcoin and do it there?
I am sure you can find some serious people there, and you won't get scammed.
Just deposit your 8.5 BTC in your Localbitcoin account and they will act as an escrow until you get the funds in PayPal. There are many reputable sellers with thousands of operations in LB, so your risk of chargeback is almost none.
I wouldn't make a PayPal trade here in the forum at least I knew the person and their reputation. Be careful, many scammers in the jungle.
Another good idea is to try Xapo.com or Wirexapp for a debit card. You can add that to PayPal later. I am not sure it's the best moneywise trade, but it's safe.
All the best,
Bizster.
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Hi, I have a lot of experience in consultancy for land-based/online casino's, and I can tell you there is no way to beat the house (Long term) The house always win since the edge is always against the player. Gambling was made for entertainment and not for making a living. People like to gamble because of many reasons:
1st Reason: Making fast money without needing to work. 2nd Reason: Instant Gratification. 3rd Reason: The ability to convert $1 into $100 in minutes. 4rd Reason: Laziness to work in a Business There are much more reasons too I think the best type of gambler, is the one that knows when it's time to stop or has the money to do it. I don't believe that playing your total monthly salary in the casino is a profitable idea, at least: Long term. All the best, Bizster. |
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Hi, Why didn't you invest in your business if you were doing well? I think it's going to be hard to get back to those 300 BTC in such short amount of time  The best idea is to talk with your parents about this issue and try to solve it before it's to late. All the best, Bizster. |
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