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Author Topic: how i start a bussines with BTC  (Read 5631 times)
Sled
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May 10, 2017, 05:46:35 AM
 #101

You can also try mining BTC but that needs a huge amount of money to buy the necessary equipment and resources to do so, maybe you can do a bussines with that
Bitcoin mining is not that easy to do because it requires a lot of thins like a big capital for buying mining rigs and also for the expenses like the internet, electricity bill and also for the maintenance for your mining rigs and you can't be sure that they will last for long because mining bitcoin will reduce their life span so it is also risky business. I suggest to try other business like online shop and accepting bitcoin as a payment.
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May 10, 2017, 06:18:55 AM
 #102

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

There is a huge difference between one btc business and another.
Do you want to start btc trading,btc gambling or a faucet?
To start a business you need two things-money and knowledge. 

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May 10, 2017, 09:44:02 AM
 #103

You can also try mining BTC but that needs a huge amount of money to buy the necessary equipment and resources to do so, maybe you can do a bussines with that
Bitcoin mining is not that easy to do because it requires a lot of thins like a big capital for buying mining rigs and also for the expenses like the internet, electricity bill and also for the maintenance for your mining rigs and you can't be sure that they will last for long because mining bitcoin will reduce their life span so it is also risky business. I suggest to try other business like online shop and accepting bitcoin as a payment.
Mining can be really profitable, you just need to buy a chip rig like R9 290 (pretty affordable) and mine some coin which still has pretty low difficulties, mining bitcoin is only wasting your time if you don't have that good rigs and mining is not that risky, you just gamble to whether earning profit or not in a month, you will not lose your rigs because of mining.
And one thing, business like online shop also have a risk, there's no business in this world which don't have the risk to be honest, all is fair with the earning you can get.

 
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May 10, 2017, 09:46:49 AM
 #104

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

There is a huge difference between one btc business and another.
Do you want to start btc trading,btc gambling or a faucet?
To start a business you need two things-money and knowledge. 

That must be the first thing that businessman must have also make sure the community that you are into are using bitcoin because it is useless if they dont. But you can have it on fiat way.
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May 11, 2017, 04:40:19 PM
 #105

Hi guys Smiley i want to ask you and if you have personal experiences on how i can start a bussines using BTC?
What kind of business do you have in mind since there are many directions you may take, you could try to create a casino or an exchange but the truth is those two are filed with great competition and unless you have some great and unique offer then you are probably not going to succeed.
If we talk about business then one may consult from his inner first. You need to look at yourself that what really you are better with.

It totally depends on the interest and the commitment of the individual to find the best option for to work and then work with quite unique ideas as there are already competitors present in the market for the old stuff. So better to find something new from you.
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May 11, 2017, 05:49:56 PM
 #106

I don't know if this fit but you can use Bitcoin to buy and create a website from Hosting sites that accept Bitcoin. I think that is the best and cheapest way to earn Bitcoin back again. Right now there are promos like 30$ for 2 years of hosting that includes 1 free domain name. All you need to do is create a website in which you are dedicated from so that you know what you are doing therefore increasing more traffic to your site. Monetizing your site is always a good way to earn money as soon as you build up your audience it will be easy for you to have a regular income with it.

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May 11, 2017, 05:54:16 PM
 #107

To start a business with bitcoin is very easy, even by owning it, you can make an investment by utilizing the rising prices. Pretty much anything you can do, especially investment, minning, and many other things.
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May 11, 2017, 08:33:05 PM
 #108

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..
yes that is also a good way of making money but you need to keep it in your mind that lending bitcoin is too much risky. as there are alot of cases already present where people lend money to other and now they are not returning their money, so you need to be very careful about that, because if you give money to a wrong person then you will become unable to return your money from him.
Yes, for the purpose of lending you have to be very careful about to whom you are paying the amount. Also the legal requirements i.e. the documentation of the lending should be completed before you lend your coins as there are many scams around and people are just waiting for the others to make a single mistake and they get the edge from that.

No one will let you go clean so be careful for any of your lending decisions.
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May 12, 2017, 02:35:04 AM
 #109

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

You can start it by simply buying BTC, lend it to some trust users and boom, you have now a lending business in  thisforum.  And more serious matter, make sure you have the SEC and you comply to what it wants.    Open an online store and hire advertiser to have our shop advertised.  Learn more about web development.
Lending bitcoin is a very risky business there are tons of scam accusations and a lot of them are of people that did not paid their loans, there is a platform like btcjam where you could do that but there are also lots of bad stories of users that have lost money when people ran away with their coins.

 
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May 12, 2017, 02:44:03 AM
 #110

You can also try mining BTC but that needs a huge amount of money to buy the necessary equipment and resources to do so, maybe you can do a bussines with that
Bitcoin mining is not that easy to do because it requires a lot of thins like a big capital for buying mining rigs and also for the expenses like the internet, electricity bill and also for the maintenance for your mining rigs and you can't be sure that they will last for long because mining bitcoin will reduce their life span so it is also risky business. I suggest to try other business like online shop and accepting bitcoin as a payment.
Mining can be really profitable, you just need to buy a chip rig like R9 290 (pretty affordable) and mine some coin which still has pretty low difficulties, mining bitcoin is only wasting your time if you don't have that good rigs and mining is not that risky, you just gamble to whether earning profit or not in a month, you will not lose your rigs because of mining.
And one thing, business like online shop also have a risk, there's no business in this world which don't have the risk to be honest, all is fair with the earning you can get.
If you have the money to burn on something like a mining rig there's a high chance that you're going to be getting way better returns on your investment if you took that money and started trading altcoins with it, assuming you're part of the right cliques and know when something is going to be spiking. With mining it's a time-burning activity that requires constant changes and a longer time-frame for a decent ROI, when it comes to directly trading alts you can be making bank with next to no input required other than capital.
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May 12, 2017, 05:09:06 AM
 #111

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

You can start it by simply buying BTC, lend it to some trust users and boom, you have now a lending business in  thisforum.  And more serious matter, make sure you have the SEC and you comply to what it wants.    Open an online store and hire advertiser to have our shop advertised.  Learn more about web development.
Lending bitcoin is a very risky business there are tons of scam accusations and a lot of them are of people that did not paid their loans, there is a platform like btcjam where you could do that but there are also lots of bad stories of users that have lost money when people ran away with their coins.
I agree since you it's hard to find some trusted people especially there are a lot of news regarding scams like every now and then, those people who have been taking advantage to other people. Online shop would be nice but since you will launch it as new then you need to allocate some money on advertisement, adjust some fees, think as to where you will get the things that you will sell and etc. I suggest that you should start in some more basic business like establishing a shop that might be food or things in the real life since online is kinda complicated I think.

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May 12, 2017, 03:15:19 PM
 #112

Hi guys Smiley i want to ask you and if you have personal experiences on how i can start a bussines using BTC?
What kind of business do you have in mind since there are many directions you may take, you could try to create a casino or an exchange but the truth is those two are filed with great competition and unless you have some great and unique offer then you are probably not going to succeed.

You are right a lot of competitions with it so it is very difficult to compete with the other now because you are just new though think something a new idea sort of there are only few online shops that accepts bitcoin in paying. Sort of selling and casino is the trend of the bitcoin right now but you just think a innovation with it that it will click to all of the bitcoin users
OP can create more unique business ideas rather than creating a casino or an exchange since new services that accepts bitcoin as payment can be good too. For example, OP can create an online shopping platform where he is a midman and there is someone who sells in it and someone who buys. Also, OP can create his very own netflix like site that accepts bitcoin as payment and many more.

Bitcoin can be used for any kind of business that involves commercialization. I agree with you, who wants to start a business must avoid competitive niches which there are lots of same businesses.
Try something new that nobody thought yet, or that nobody has yet with quality, because there are many services fail, without quality for customers, if you compete with these services you can have success.
Yeah this is how I think too. To get a good scope of your business you must choose something new with a preference of the objective that no competitors are there so to drive your business activities smoothly without any pressure of the competitors. If you can offer such a business activity to the market believe me your business will rock.
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May 12, 2017, 04:09:46 PM
 #113

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

There is a huge difference between one btc business and another.
Do you want to start btc trading,btc gambling or a faucet?
To start a business you need two things-money and knowledge. 
Yes both these things are important but the goodness of the BTC is that you can start earning it with no capital amount of money needed such as for faucet and the signature campaign. Once you earn the BTC you can trade it with any other alt and can make a handsome amount from it but all you need is to get prepare for any trade with a prior planning.
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May 12, 2017, 05:02:06 PM
 #114

Well it is kind of currency so it does not really make it new. You can start any business with it as long as all the members and team workers are accepting payments in the form of bitcoin. If you asking something to start as bitcoin generation then you can go with mining I guess. These days it is hard to mine the coin but you can always come up with good plans and set up if you have that much btc in your wallet.


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radjie
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May 15, 2017, 12:23:19 PM
 #115

Collect as much as btc to be used as initial capital, By then we think a mature business what would we live.
If you've found the desired business, then you can redeem the btc you have to the real currency.
My advice for starting a business should start a simple business first.

 
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youdacapt
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May 15, 2017, 07:20:11 PM
 #116

Collect as much as btc to be used as initial capital, By then we think a mature business what would we live.
If you've found the desired business, then you can redeem the btc you have to the real currency.
My advice for starting a business should start a simple business first.

We will be more creative if holding a lot of capital, I suggest to engage in trading market, if you have an offline business such as rental cars or cafes, then you should get acquainted and collect a community that will eventually be associated with bitcoin payments on your business, this is simple but very profitable idea.
BitDane
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May 15, 2017, 07:25:10 PM
 #117

If you want to start a business, you should venture on the field where your expertise and interest are.  If you have made up your mind, create a feasibility study, know your audience, the supplier and items prices.  You should also know how to advertise and manage the company. If you are missing one then let others handle your business.

 
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Question123
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May 16, 2017, 06:17:31 AM
 #118

There's are many option start bitcoin business. You can start your own lending section but you need big capital and you nee more knowledge how to start it or how to manage this. Its better if you start yout own lending your loaner need to give you collateral to make sure that your money safe. You can start also business trading buy bitcoin with cheap price and then sell it when the price increase and trading is not easy also you need also more knowledge.

 
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bitcoinisbest
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May 16, 2017, 06:22:00 AM
 #119

Couple of business that you could work on to build around bitcoin :-

1) Start a trading website and you get fees.
2) Lending business to your trustworthy people who requires it.
3) Accept payment for your business in bitcoin.

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Ashong Salonga
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May 16, 2017, 07:27:17 AM
Last edit: May 16, 2017, 08:34:02 AM by Ashong Salonga
 #120

Hi guys Smiley i want to ask you and if you have personal experiences on how i can start a bussines using BTC?
Yes I did, I have personal experience in starting business with btc. You can create your own trading sites, gambling sites, and offer srevices with bitcoin payment. You can also offer trading lesson with bitcoin payment. This is something quite challenging to do yet it's worth it to see its result.

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