Bitcoin Forum
May 26, 2024, 05:46:48 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: [1]
  Print  
Author Topic: How much capital do you need to start your own altcoins trading platform  (Read 229 times)
|Admiral| (OP)
Sr. Member
****
Offline Offline

Activity: 448
Merit: 258


View Profile
September 20, 2017, 05:23:52 PM
 #1

Question as mentioned in the title.
I think the capital requirements is not much as the trades will happen from one people will buy and other will sell..so no need for huge bankroll?? Am I right?
I am particularly noon in this discussion so explain me if you are a veteran member.

Also how much it would cost me to get my own altcoins trading platform like Poloniex or yobit to be made?
How start the approach...etc..etc
ngacengan
Full Member
***
Offline Offline

Activity: 504
Merit: 100



View Profile
September 21, 2017, 09:20:33 AM
 #2

Question as mentioned in the title.
I think the capital requirements is not much as the trades will happen from one people will buy and other will sell..so no need for huge bankroll?? Am I right?
I am particularly noon in this discussion so explain me if you are a veteran member.

Also how much it would cost me to get my own altcoins trading platform like Poloniex or yobit to be made?
How start the approach...etc..etc

my capital to play altcoin as much as 1 BTC, i do not just play 1 altcoin only, i take example in altcoin poloniex, altcoin in poloniex very much i take 30 altcoin list example so i divide 1 bitcoin i to buy 30 kinds altcoin, so 1btc / 30 = 0.03 BTC for 30 altcoins in poloniex, then I just enjoy the profit from the profit sharing of such assets. do you understand what I mean?
legendbtc
Hero Member
*****
Offline Offline

Activity: 1120
Merit: 502


Leading Crypto Sports Betting & Casino Platform


View Profile
September 21, 2017, 09:46:57 AM
 #3

It depends upon the capital you have and it should damage your day needs because within a day it is not possible to earn in cryptos. Sometimes it may take more than 2 months or 3 months to get profit on your investment. So it does not harm you day needs and your JOB in this way you can start investing according to your convenience.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
DanielRR1997
Member
**
Offline Offline

Activity: 196
Merit: 14


View Profile
January 08, 2018, 07:11:24 PM
 #4

Whatever the amount of your capital, I recommend dividing them into five equal trading lots. So, if your capital equals one bitcoin, you will divide them into five equal trading lots; 0.2 bitcoin each. My strategy is to use 4 lots to buy 4 different coins and leave the fifth lot to use whenever good trade entry points emerge in the future. For example, a capital of 0.5 BTC would be divided into five 0.1 trading lots as follows:

a. 0.1 BTC for buying ethereum ETH

b. 0.1 BTC for buying monero XMR

c. 0.1 BTC for buying gamecredits GAME

d. 0.1 BTC for buying ripple XPR

e. 0.1 BTC trading lot left for good trade entry points in the future.
Fearless13
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
January 08, 2018, 07:53:27 PM
 #5

I think you are all missing the OP's point.
He wants to start an exchange.
I think an exchange is way out of his league as you need many employees writing code and stuff.
Just to pay salaries for a year off hand I'd guess $500,000 minimum.
Rent, insurance, hardware, servers, advertising, legal, etc. add another $500,000 
Funding the platform in Cryptocurrency  I have no clue about.
Looks like way over one million USD to me.
Drnice
Sr. Member
****
Offline Offline

Activity: 588
Merit: 251


View Profile
January 08, 2018, 08:02:12 PM
 #6

The capital always depends on what is available at hand to start up. In trading, what ever capital you start with, it should be enough to buy 5-10 different altcoins, and wait for rise in price. Or, if you don't have enough capital to start up altcoins trading, then go into the bounty section of the forum, and get some new coins.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!