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Author Topic: how i start a bussines with BTC  (Read 5631 times)
wolfracer
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May 06, 2017, 06:06:08 PM
 #61

Yes , thats right. When you have an enough value of bitcoins you are now able to do and create any kind of bussiness you want. You may also try to invest it to produce more bitcoin. Or you may also try other  but be sure you are doing right things at right bussiness. Thats the thing most needed in bitcoins. Having a capital to start.
I agree with what you have said. Me, im a newbie and im still learning how i can manage this bitcoins. I wanted to learn how to earn more bitcoins so i can invest it and earn more or try to create business with using it. A friend of mine keeps reminding and guiding me to on things i should be aware about dealing with bitcoins. I really practice and still in progress in learning suchs for bitcoins so i can earn that capital needed for business purposes.
Yeah, i think if you have many bitcoins or me too that if i have many bitcoins. I will create my lending service here and create altcoins that will succesfully launced like others ICO here that succesfully launced. But hoping that i rather have many bitcoins to achieve all my plans
I wish to know exactly how many Bitcoins one need to start that lendind service you are talking about? i mean with the cryptocurrenci always changing you will need the bitcoin with a big value to sell it and have capital for your service.
[/quote
well i think ei a bit amount of money, i mean im making calculations of my capital and i dont think i had enought to start my bussines Sad i guess i will gain BTC till make that dream happens

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May 06, 2017, 06:45:36 PM
 #62

To start business with bitcoin, you need some preparations of course:
- collect bitcoin from various sources such as faucets or buy bitcoin from another person, etc.
- your idea to create a business, what kind of business? And how to maintain it.
- gather some friends whom​ have skills to help you start the business.

 
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May 06, 2017, 07:40:40 PM
 #63

A business plan is the most important thing to begin with. You need to survey the market and evaluate if starting a business is worth the time and investing money.
Usually in a spot where a normal business would have succeeded a Bitcoin business will too. So, if you are a painter and know people, who would buy your paintings, start offering them for Bitcoins and boom, you have a Bitcoin business.

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May 06, 2017, 08:17:44 PM
 #64

To start business with bitcoin, you need some preparations of course:
- collect bitcoin from various sources such as faucets or buy bitcoin from another person, etc.
- your idea to create a business, what kind of business? And how to maintain it.
- gather some friends whom​ have skills to help you start the business.
Yes, we of course need enough bitcoin for starting any business but for that stating example of faucet as a source for collecting, must be highly ridiculous and you must be kidding. A business from faucet earning ? only in dreams.

Any business which are based on bitcoin will definitely attract different group of customer in your local against your business competitor also when adding some more innovative ideas will ensure your success rate more quickly. Maintenance must be part of business plan, it has nothing to do adoption of bitcoin payments.

Friends or strangers only skilled people alone required for development and success of any business. Need to be more careful on this too.
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May 06, 2017, 11:22:45 PM
 #65

A business plan is the most important thing to begin with. You need to survey the market and evaluate if starting a business is worth the time and investing money.
Usually in a spot where a normal business would have succeeded a Bitcoin business will too. So, if you are a painter and know people, who would buy your paintings, start offering them for Bitcoins and boom, you have a Bitcoin business.
yes no doubt that business plan is too much important but i think that additional with that you need to have some good experience and skill in trading if you do not have such experience in trading then you cannot show good result in trading.
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May 07, 2017, 06:38:47 AM
 #66

A business plan is the most important thing to begin with. You need to survey the market and evaluate if starting a business is worth the time and investing money.
Usually in a spot where a normal business would have succeeded a Bitcoin business will too. So, if you are a painter and know people, who would buy your paintings, start offering them for Bitcoins and boom, you have a Bitcoin business.
Planning is one of the most important thing to think before doing anything because a work without plan is planned to fail so it is better to set things up before executing any action. Plan the products first and what is your passion so you will not be worry about the products that you will sell when you start a business.
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May 07, 2017, 06:44:45 AM
 #67

A business plan is the most important thing to begin with. You need to survey the market and evaluate if starting a business is worth the time and investing money.
Usually in a spot where a normal business would have succeeded a Bitcoin business will too. So, if you are a painter and know people, who would buy your paintings, start offering them for Bitcoins and boom, you have a Bitcoin business.
yes no doubt that business plan is too much important but i think that additional with that you need to have some good experience and skill in trading if you do not have such experience in trading then you cannot show good result in trading.
Who said OP is going to make a trade? he wants to start a business and bitcoin-based, probably he'll more likely to implement bitcoin in his business, if you're assuming that by mentioning business with BTC is the same as trading, you've gone wrong.
I couldn't agree more that planning is a really necessary thing but also you may aware of other factors which more likely to make your business success. Think about how your business could help people and providing people such services which make their life easier, and they'll come.

 
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May 07, 2017, 06:56:39 AM
 #68

Using bitcoins for your business is cool but really not that good. I wouldn't start anything only based on bitcoins, It's still very unstable and most people are not using bitcoins. The only business that really benefits from bitcoins are online business and still I wouldn't use just bitcoins. Bitcoin should just be another form of payment for your business. 99% of people still use paypal, credit card etc...

That being said there are business here that are using only bitcoins and are making an insane amount of money with very little risk if any, casinos. The only issue is that you need a big amount of money to start out and good security for your site, other than that it's pretty much a guaranteed profit.




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May 07, 2017, 08:18:39 AM
 #69

In my mind, making a business with bitcoin, just started by exchanging bitcoin into fiat form, then building a business place, like a cafe, or a shop. It can give you a lot of results, even you can accept bitcoin as a means of transactions.


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May 07, 2017, 11:57:49 AM
 #70

You can try lending  with bitcoins I can see many business  today using android app for lending purposes if you have good enough of bitcoins you can try it..You're only problem is how to make sure you will be paid in return especially  with no collateral..

 
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May 07, 2017, 12:37:38 PM
 #71

You can try lending  with bitcoins I can see many business  today using android app for lending purposes if you have good enough of bitcoins you can try it..You're only problem is how to make sure you will be paid in return especially  with no collateral..
I think it's a bad business because when we start the business there will be a lot of people with false identities to get lending,it's very hard to find a way to get them to pay back the lending when we just first run the business.

 
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May 07, 2017, 02:10:53 PM
 #72

I started a bitcoin business with the one I made from the basics so I knew what to do early in the business
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May 07, 2017, 04:04:16 PM
 #73

You can try lending  with bitcoins I can see many business  today using android app for lending purposes if you have good enough of bitcoins you can try it..You're only problem is how to make sure you will be paid in return especially  with no collateral..
I think it's a bad business because when we start the business there will be a lot of people with false identities to get lending,it's very hard to find a way to get them to pay back the lending when we just first run the business.
You're right, lending bitcoin is very risky. With fiat you have accounts connected to real IDs, and it's easy to track someone if he defaults. What will you do if a bitcoiner does?
You'd need collateral, but then it's more like starting a pawn shop than a lending business.
There's no way to check a person's banking or a loan history, due to most transactions being anonymous. I doubt bitcoin lending will ever become a big thing, cryptos weren't invented with that in mind.

 
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May 07, 2017, 08:27:03 PM
 #74

If you don't have much money or resources, one way is to start teaching people about it, joining crypto teams, engage new non btc people and share the good things about btc and crypto in general, from there you will have plenty of resources, connections and with the experience you gain you'll be in the next level to make better decisions

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May 07, 2017, 11:09:53 PM
 #75

If you don't have much money or resources, one way is to start teaching people about it, joining crypto teams, engage new non btc people and share the good things about btc and crypto in general, from there you will have plenty of resources, connections and with the experience you gain you'll be in the next level to make better decisions
Its a good idea to that thanks! if im able to teach some future partners about btc and assamble crypto teams i can expand and gain a lot of experience thanks for the advise Smiley

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May 08, 2017, 03:02:28 AM
 #76

What do you exactly want to start you can't basically say you are going to start a business with bitcoin. And also i would suggest you that you start a business which has connection with bitcoin. If you are planning to start a international business like selling of electronics online it would be fine. If you plan to sell grocery stuffs in your country then best of luck.

i think that if your going to start a business in any currency, especially true for bitcoin, you'll need to work hard( extremely hard) to make sure customer satisfaction is guaranteed. Even if you have the best product in the world, if you have 1 or 2 customers who are unsatisfied out of your first 10 customers you'll be very fortunate to continue with your business and not losing money. Great businesses, run on great customer service, if you have a crack head for your service rep for example and you get 5 out of the first 10 customers you receive needing customer service and calling to get customer service, there going to call "jack the crack addict" and maybe the first three are satisfied but the last 2 of those customers had a horrible experience things won't go well. customer 1-5 dont need customer support and had an amazing experience, customers 6-8 need customer support and get the best attitude "jack the crack addict" can give yay they had a wonderful experience. Now customers 9 and 10 need customer service and "jack the crack addict" decides to tell them he does not have the ability to help them and they have a horrible experience. customers 1-8 are extremely satisfied but don't( and wont on there own initiative) take the time to write a review because all they wanted has been fulfilled. customers 9 and 10 and unsatisfied and extremely pissed they didn't get good service so they go and write a review. " to any and all who want to go buy this guys product, CRACK IS WHACK YO". with fiat currency its a little( little bit) easier to prove you lived up to your end of a deal with proof of payment + identity on proof. with bitcoin transactions you can't prove shit so you need to make extra sure no one gives you a bad review.
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May 08, 2017, 03:15:15 AM
 #77

Starting a business using btc is a good idea to do, since this is a money to be use for spending on things which is useful to our daily lives. In a business type that I am planning is a fast food chain that linked to bitcoin payment with regards to fiat currency compatibility. With this system many people would be more educated with digital system of currency, also they were more comfortable to pay buying their food to eat anywhere, and business profit will grow to expand the business itself.
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May 08, 2017, 03:16:31 AM
 #78

If you don't have much money or resources, one way is to start teaching people about it, joining crypto teams, engage new non btc people and share the good things about btc and crypto in general, from there you will have plenty of resources, connections and with the experience you gain you'll be in the next level to make better decisions
That's a possible solution, but for the same user needs to spent lot time on learning. In my view it's good to implement or start to accept bitcoin in the business which he has good knowledge base. If it doesn't profit immediately sure it's an guaranteed  way to yield the profit.




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May 08, 2017, 03:33:27 AM
 #79

Hi guys Smiley i want to ask you and if you have personal experiences on how i can start a bussines using BTC?

What type of business are you planning to build? Is that online or physical store? Actually you can start anytime with bitcoin but when it comes to business you need to identify first if you will be targeting bitcoin users. Since bitcoin is a currency, any time you can start with it. And just indicate that you are accepting bitcoin for payment.




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May 08, 2017, 03:43:41 AM
 #80

Hi guys Smiley i want to ask you and if you have personal experiences on how i can start a bussines using BTC?
There are only two ways to start Business in bitcoin .
Furst way is to start hardwork for earning in the small amount ( usually most of the newbies who have no money  starts to make earning through the signature camapagin and Faucet collection )  , and then start your Trading with your earning .
The second way ( if you have money in bulk ) to have own site either for the exchage of bitcoin/altcoins , btc related news sites , casino , faucet site , all these will help you to grow your income in bulk amount  .
But you should have much better amount of money for the Investment in the starting .
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