My first bitcoin startup

[TheBitcoinBoy]

My first post in this forum, and it is right on the target. I want to start my first bitcoin project. I have good information about the bitcoin and got couple of ideas in my mind. But now have to make a decision which one should i go for it.

#1 - A trading site

A website that attached with other exchangers using API like ShapeShift or CEX. Giving you more details of your trades in charts. Showing the point of buy/sell, current profit/loss and growing markets. A small fee will be charged as my income.

#2 - A lending website

Where lenders and borrowers meet at the same place. We can also add a 3rd person as well in it.

#3 - A custom t-shirt website

Where people customize design and submit it..people votes on them and then one T-shirt gets selected. Now if that T-shirt gets funding from atleast 20 peoples. It will be manufactured and then shipped to all supporters. This is the idea which i am thinking is most profitable. Plus the designer of that T-shirt will get extra bitcoins as it designed got succeeded

What do you think?

[1715391872]

1715391872

[eye4bd]

My first post in this forum, and it is right on the target. I want to start my first bitcoin project. I have good information about the bitcoin and got couple of ideas in my mind. But now have to make a decision which one should i go for it.

#1 - A trading site

A website that attached with other exchangers using API like ShapeShift or CEX. Giving you more details of your trades in charts. Showing the point of buy/sell, current profit/loss and growing markets. A small fee will be charged as my income.

#2 - A lending website

Where lenders and borrowers meet at the same place. We can also add a 3rd person as well in it.

#3 - A custom t-shirt website

Where people customize design and submit it..people votes on them and then one T-shirt gets selected. Now if that T-shirt gets funding from atleast 20 peoples. It will be manufactured and then shipped to all supporters. This is the idea which i am thinking is most profitable. Plus the designer of that T-shirt will get extra bitcoins as it designed got succeeded

What do you think?

Hi
Welcome in most popular and famous cryptocurrency community of the world namely_ BTCTALK |
Nice to meet you! 

Personally I'm in favor of your 3rd idea. And strongly believe with proper implemention of that inital thinking could leads you in to big success!
From my knowledge, in crypto world that kind of service isn't available right now. But in centrelized world that's already make debuts and achieve big noise.

Thanks!

[n691309]

I don't know if the first idea has any potential to make money (for your income), about the second one there are already sites like that, poloniex has it too. About the third one I like the idea, it's pretty same like the KickStarter and it has the potential to make money.

[eye4bd]

I don't know if the first idea has any potential to make money (for your income), about the second one there are already sites like that, poloniex has it too. About the third one I like the idea, it's pretty same like the KickStarter and it has the potential to make money.

Hi
Yes, I also do believe that! First of 2 haven't anything special to offer the bigger mass audience.
But the last one is much more prominent. And could become very much influencial over bigger community!

Thanks!

 

[~Bitcoin~]

I think your third idea could be success and may also not require a lot of seed money to start with, both ideas of opening trading site, lending site will require a big team as well as huge seed money. And also don't forget the headache you have to keep about security and market competition/promotion.

[Pro Gamers]

i also agree with the 3rd one the first 2 are both hard to manage in fact even companies getting troubles with the 2. the 3rd option is more nearest to reality, you just need to have a good strategy to make it.

[babo]

custom tshirt or stickers logos is good idea because many guys like to use for fun.. egsample i like to use stickers on my laptop

[rico666]

The picture you see in my Avatar is me wearing a T-Shirt I got from https://www.shirtinator.de/
I think they have a very nice and professional process where you can design your T-shirt and get one if you wish so.

I do not see in any of the 3 ideas anything new or special. Of course, you can enter any business at any time if you think you can provide the same service/product at a better price or a better service/product at the same price as established business.

Often this means you have to work against the resources the established business has put - and continues to put - into their business. Which means you will probably not succeed if you try to perform the lone wolf stunt.

You also write you have some understanding of bitcoin and ideas. My question (as an investor to you as well as an entrepreneur to myself) would be: What skills do you have?

Rico

[rphk]

I voted for customized T shirt  , people like T-shirts very much , so there is more sales on that , it may be less amount  ,but user and customer base becomes large  once the customer base is  increased  you can start on more products and hence profit will be more.

[Patatas]

My first post in this forum, and it is right on the target. I want to start my first bitcoin project. I have good information about the bitcoin and got couple of ideas in my mind. But now have to make a decision which one should i go for it.

Welcome to Bitcointalk!

#1 - A trading site

A website that attached with other exchangers using API like ShapeShift or CEX. Giving you more details of your trades in charts. Showing the point of buy/sell, current profit/loss and growing markets. A small fee will be charged as my income.

That is not a bad option.As you know there are a lot of exchanges coming up recently making the niche a bit saturated.However,if you think you have sufficient investment for development and marketing,you should totally execute this idea.

#2 - A lending website

Where lenders and borrowers meet at the same place. We can also add a 3rd person as well in it.

DON'T!Have a friend who runs the exact same website and he isn't doing all that well.The site will be filled with scammers and drug addicts who'd never pay back any loans and degrade the quality of the website.

#3 - A custom t-shirt website

Where people customize design and submit it..people votes on them and then one T-shirt gets selected. Now if that T-shirt gets funding from atleast 20 peoples. It will be manufactured and then shipped to all supporters. This is the idea which i am thinking is most profitable. Plus the designer of that T-shirt will get extra bitcoins as it designed got succeeded

Again,Saturated.A lot of freelance money makers are doing the same with free online T-shirt designers.The concept is applied everywhere but not in the bitcoin industry at the moment.The problem is ,not a lot of good designers sell theirs for free..

[babo]

I voted for customized T shirt  , people like T-shirts very much , so there is more sales on that , it may be less amount  ,but user and customer base becomes large  once the customer base is  increased  you can start on more products and hence profit will be more.

yes is true, i bought many tshirt like "heisemberg" from breaking bad, or cat of schroedinger and similar

[bitcapitalist]

Good luck with your startup.

[btc-mike]

None of the above

[KenR]

None of the above

While I stay on the same opinion,I'd like to elaborate.If you open something which is already famous and exists in 4-5 forms,the chances are you are never going to make it big plus a new company in the same domain everyday will be a challenge to be dealt with.Instead,look for a idea which is not implemented before and excel in it.

[NyeFe]

Trading website:

1) There's just too much competition for bitcoin trading websites. They're easy to build, and costs almost nothing to run. Building-up trust within the community is another challenge.

2) The purpose of cryptocurrency, is to mask users identity. With that said, there's a gap in the market for this sort of business, but the risks (not paying back, fraud ...) is also very Very VERY High.

3) Bitcoin T-shirt company? - I've seen some guys doing that. It's great. Again, you'd be in a niched-out market of people willing to wear geeky t-shirts about Bitcoin. With that said, if you're going into this market, you should create a large portfolio of products such as:


T-shirts
Hats
Cups
Wallets (physical)
belts
watches
bags
perfume
CryptoNotes
vaporizers
phone/laptop cases
room wallpapers
calendars
scarfs
suit cases
books
pens
domain names


--
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Good Luck

[tyz]

I voted for a loan website. There are some loan websites already but I tried most of them and they did not convinced me.
It would be great if you choose a different way to implement such an service, for example by granting automatic loans up to a particular amount for users with good reputation.

[ilhamsudekis]

i like third idea
most people like to design something like T-shirt
i can tell my friend who love to draw if your project is done

[Hazir]

i like third idea
most people like to design something like T-shirt
i can tell my friend who love to draw if your project is done

Not really viable niche. Why focus on bitcoin related designs and limit your business?
There are a lot services or eBay traders which will allow you to design your own T-shirt by picking any image from the internet.

Bitcoin t-shirts are niche market of already saturated 'design your shirt' field.

[examplens]

I agree with most members. First and second ideas are so much more options and websites, and there you have a lot of work to build trust
Still not enough websites where you can buy physical goods for bitcoin, and I expect to expand in this niche

[Emerge]

I can also help design t shirts if you need any designers, we can build a business together