Bitcoin business idea

[chesatochi]

I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment?

I know the typical business type on the market are :

• Exchange
  
• Blog
  
• Lending
  
• Trading
  
• Selling stuff in bitcoin
  
• Freelance job in bitcoin
  

[1715157136]

1715157136

[~Bitcoin~]

• Exchange
  
• -----
  
• Lending
  
• Trading
  
• ------
  
• -----
  

If you have limited amount of bitcoin than idea of bitcoin exchange platform can give you good profit if you can provide altcoin exchange platform like shapeshift.

And if you have relatively high seed money you can think about starting altcoin trading platform with margin lending/trading feature which is quite popular this days and also there are not many alternatives which are as good as poloniex and bittrex.

[TDutch]

Teaching how to trade bitcoin and altcoins. How to read candle sticks and how to make fundamental and technical analysis.

[aso118]

I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment?

I know the typical business type on the market are :

• Exchange
  
• Blog
  
• Lending
  
• Trading
  
• Selling stuff in bitcoin
  
• Freelance job in bitcoin
  

Payment processors are a good bet. I would work to educate people about bitcoin, while helping them convert bitcoin into fiat.
As merchants become familiar with Bitcoin, they would start accepting and using bitcoins.

[Kprawn]

Well, I would dump some money into this business idea I had a while ago : https://bitcointalk.org/index.php?topic=1664534.0 If you do this

properly, and you dump some money into advertisements on multiple platforms, it might just go viral. The other attempt at doing something similar

was poorly funded and the timing was wrong. This will work with the right funding.  

[Juggy777]

If you could start a huge level exchange that would be nice. Or open a bank in your local area and get permission to trade in Bitcoin that will be a revolution for you and everyone. Try and look the law and see if a bank idea is possible for you. Else there to much competition. Or the usual Ptc site, and give Bitcoin. 

[BitcoinHodler]

• Exchange
  
• Blog
  
• Lending
  
• Trading
  
• Selling stuff in bitcoin
  
• Freelance job in bitcoin
  

i will choose Exchange because i think it is the most profitable thing out there and it can be successful if you offer some local fiat transfer in a country that doesn't have any service like this but has many bitcoin users.

Blog: is not a business but more of a tiny side thing that you do.
Lending: is too small and risky
Trading: is also what i do and prefer with smaller amount
Selling stuff: it is a bit hard specially with physical goods
Freelance: is good as long as the pay is good but it usually is not.

[bitbunnny]

Maybe to invest in some local start up idea? There are lot of inovative young people with good business ideas but with lack of money. So you can search some of these and invest in them, it's win-win situation for everyone.
Or if there is no Bitcoin ATM in your area you can place one.

[amacar2]

I think if you can have enough fund as well as if you can gather good dev team, blockchain based probably fair bitcoin game can be profitable if you can have really nice game idea. Also have a look at bustabit.com they are quite popular and the game they have is really interesting and unique (but not blockchain based).

[eddie13]

I think just about any business I would think of starting I would accept BTC..

[Shenzou]

I Think an online platform for shopping that you can buy with bitcoin is a very good idea , online shopping websites like amazon eBay and others only accept master cards and real money transfer and it will be a very successful busnies if you make an online shopping websites that accept bitcoin

[DimensionZ]

Dude if someone had a successful business idea involving Bitcoin they wouldn't tell other people about it and sure as hell they wouldn't divulge it on a public forum 
The best way to avoid the saturated market is to find a niche and think outside of the box. Come up with something unique and the money will start rolling in.

[franky1]

I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment?

I know the typical business type on the market are :

• Exchange
  
• Blog
  
• Lending
  
• Trading
  
• Selling stuff in bitcoin
  
• Freelance job in bitcoin
  

the ones i made red are because of cost of set up, legal frictions with regulators and low chance of income/returns unless alot is invested in time and funds to set them up right

to add, for a low upfront cost but getting the ball rolling faster and more chance of healthy headache free returns
bitcoin meetup, conferences, conventions
bitcoin consulting services EG setting businesses up to accept bitcoin
bitcoin learning centres, colleges, hackathons

[Senor.Bla]

I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment?

I know the typical business type on the market are :

• Exchange
  
• Blog
  
• Lending
  
• Trading
  
• Selling stuff in bitcoin
  
• Freelance job in bitcoin
  

the ones i made red are because of cost of set up, legal frictions with regulators and low chance of income/returns unless alot is invested in time and funds to set them up right

to add, for a low upfront cost but getting the ball rolling faster and more chance of healthy headache free returns
bitcoin meetup, conferences, conventions
bitcoin consulting services EG setting businesses up to accept bitcoin
bitcoin learning centres, colleges, hackathons

just wanted to say this, but franky beat me to it. anyway i still can add some knowledge. not only the type of business matters and a lot of the success depends on the how you run a business. it is hard work and long hours. you need the right people around you and make a good job, do not half ass it.

[xuan87]

I really like the idea of opening a freelance bitcoin job, if i had huge amount of money i will open a huge scale of online shop like amazon or ebay, i am sure if it is advertise correctly it can become larger than ebay and with bitcoin as payment the customer no need to be afraid of credit card information theft

[muhcoins]

dude.. bitcoin is a currency..
you can have bitcoin in anything that needs payment

[gufpmvgw3334]

I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment?

I know the typical business type on the market are :

• Exchange
  
• Blog
  
• Lending
  
• Trading
  
• Selling stuff in bitcoin
  
• Freelance job in bitcoin
  

Now, the best way is buy coin in exchange.you can buy some good altcoins and wait it up to some high price  then you sell it and made profit!

[ethereumhunter]

I really like the idea of opening a freelance bitcoin job, if i had huge amount of money i will open a huge scale of online shop like amazon or ebay, i am sure if it is advertise correctly it can become larger than ebay and with bitcoin as payment the customer no need to be afraid of credit card information theft

i think you can start for a small site first like offer a services for making debit card, paypal vcc, selling the product or anything else. you can start to sell in around your city and online, and from time to time, if you have experience to handles the order, then you are ready to open a huge scale of online shop. you can see on aliexpress or alibaba, they start from small in little scope range and now, they become a giants in the internet.

[ranochigo]

Lending is an extremely risky activity, especially with Bitcoin. It is hard to charge good interest rates if the borrower has a collateral and it is risky if the borrower has none.

Starting an online retail store is decent, you have to be creative and find out what the community here needs. A huge demand is ideal, for example a plastic VISA debit card.

Exchange requires a lot of web designing and regulations. It is hard to attract customers unless you are extremely trustable and offers good rates. You also have to deal with AML/KYC procedures.

[crwth]

There a lot of businesses you can do in the real world it's just a mode of payment. So it's okay to say it's a bitcoin business idea if it revolves on bitcoins like exchanges, lending of bitcoins, trading fiat to bitcoin or alts other than that, it's different. You could try graphic designing, spa business, restaurant, consultancy, etc. You can try anything that you think can work.