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Author Topic: I want to invest $200K to set up an exchange and I need your help  (Read 2843 times)
SportbetMaster
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July 06, 2017, 10:47:36 PM
 #21

1- Trusted exchange, Great opportunity for day trading with a lot  of alt coins and large volume.
2- bittrex, a big exchange with a large daily volume where I can trade some coin that are not listed in poloniex and btc-e For usd withdrawal.
3- It is the most important point if you want your future exchange to be a success; Be always close to users, Fast and convincing support.
4- exchange is one time investment if successful so you can keep your company and extend it withe the new exchange.
5- no idea Embarrassed
6- Bad idea, because to withdraw your btc-e money the fees are small but from c-cex the withdrawal made by a third party and the costs will be higher then the 4% of profit between the two exchange, This could be beneficial if the two exchanges have the same withdrawal service or else another alt coin with a margin of -2 / -3% than the first exchange, but in the case presented all the alt coins in c-cex are in + 4 5% compared to other exchange.

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July 07, 2017, 12:06:11 AM
 #22

3. What are the things you think are missing in the current exchanges? At least from your personal view

These exchanges should become more proffessional. For example poloniex has troubles now and you cant reach their support. My etc deposit still not showed up on balance since 3 weeks. Even they are earm and gsin so much öoney from fees, they dont invest to themselves to operate better.

There is one key thing that should be mentioned on the bolded portion above.

I can't speak for poloniex but it is possible those troubles he cited above stem from the exchange being based in the united states and thus being subject to US regulations and laws.

AFAIK many US based exchanges and crypto operations, like coinbase for example, have similar issues with transactions and basic functions due to the IRS and state making a stronger effort to invest themselves into crypto based operations.

That's not a fault of poloniex its the "regulation" taking effect. The same type of transaction freeze happens with paypal and other payment processors to satisfy the "anti terrorism" countermeasures.

Some countries are definitely more crypto friendly than others in terms of regulation/laws.

Upcoming "senate Bill 1241" which some are labeling an "anti bitcoin" piece of legislature is an interesting topic related to this.

Also thx for the tip. If you ever get the impression I might be able to help you with anything, feel free to ask.

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July 07, 2017, 12:29:08 AM
 #23

With regards to 6. arbitrage opportunities shows up every now and then across the exchanges - not just BTC-e and Poloniex, but speed, fees and time lag for transfers, mostly take the wind out of the sail. However with your $200k and team of software engineers you can circumvent the need to always transfer from one exchange to another by splitting your money as Cakir suggested  - cash at exchange with lower rate and BTC at exchange with high rate. Buy say 50 BTC here, sell 50 BTC there, transfer with calm while balance is used to start another leg. Your engineers would have to create or adapt a custom bot for efficiency and to seamlessly follow the markets around the clock.

Going by some of the questions you asked, I think you need to take sometime out to understudy the operations of exchanges, paying special attention to the rise and fall of Mt.Gox and Cryptsy. In between mining and arbitrage trading could be holding sway for you. Mining is still profitable because you must not mine Bitcoin to end up with Bitcoin.

Btw, it matters that Poloniex is an America company, if you site your company in some island, that would be the first red flag up! Best of luck!!

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July 07, 2017, 10:50:04 AM
 #24

When looked from outside it looks like exchnages were making good profit and if we have investment we too can create our own exchnage. This has got lots of risk in it, specifically the price drop and increase need to be precise as well there should not be any flaws in the transaction happening during the buying and selling process.

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July 08, 2017, 11:20:39 AM
 #25

1. I use less polo but more bittrex now, cuz it having some issues so for now i will stay away for some time
2. Trading most of the time, small time investing
3. transaction speed
4. This is more personal opinion if not this the if you can invest in some coin or build mining farm
5. This is more on which coin you think on mining
6. This can be bad idea cuz if you sending money from one to another then it will take days maybe weeks, many thing can happen in that time, but on btc base this is something completely different



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July 10, 2017, 08:58:24 AM
 #26

Hi,

I’ve bought some bitcoins when they were worth $300 but I was not active in this industry and that is why I will need your help.

I have a budget of $200,000 monthly to invest so I thought to myself “let’s open an exchange”. You might think that there are so many exchanges now that the market does not need another one. Maybe you a right. On the other hand that is what I’ve been doing for the last 10 years, creating businesses in fast growing industries where there are already many companies on the market. Currently, I am hiring 70 people, mostly software engineers. As a company we are running an exchange in a smaller industry so we want to move to bitcoins now.

Most of you are much longer in the industry than me so I have a couple questions.

1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing?
2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ?
3. What are the things you think are missing in the current exchanges? At least from your personal view
4. Do you think we can use our budget($200K monthly) better than creating an exchange?
5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor?
6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should earn extra 2%. Am I missing something? To easy to be true.

Anyone want to help us? Do you have any specific knowledge that might be helpful? Maybe you have worked in an exchange, you know margin trading better than others or you use API from exchanges to gain profit? Wanna talk more? Send me your skype login in a private message.

First 10 people with activity above 100 who will answer those questions I am happy to send $50 in BTC as a “thank you” for your time so please add your BTC address


200000$ is a very big price and I'm astonished that you have that kind of amount monthly, you must be very rich and a businessman.
At number one, I'm using bittrex as an exchange that poloniex now.
Secondly, I'm not quite a trader but I'm observing how cryptocurrencies in the trading industry run on fumes and when I see some opportunity, buy a good alternative and invest then wait for the result. Third, security, measuring of credit risks and transparency is missing in the industry nowadays. Invest in some good ICo or go to mining industry I think, there are so much to develop there. Fourth, I still don't know the mining industry. Fifth, I don't trust cex, they have so many issues down there and fees are quite high not mentioning the waiting time.


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July 10, 2017, 09:48:16 AM
 #27

Hi,

I’ve bought some bitcoins when they were worth $300 but I was not active in this industry and that is why I will need your help.

I have a budget of $200,000 monthly to invest so I thought to myself “let’s open an exchange”. You might think that there are so many exchanges now that the market does not need another one. Maybe you a right. On the other hand that is what I’ve been doing for the last 10 years, creating businesses in fast growing industries where there are already many companies on the market. Currently, I am hiring 70 people, mostly software engineers. As a company we are running an exchange in a smaller industry so we want to move to bitcoins now.

Most of you are much longer in the industry than me so I have a couple questions.

1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing?
2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ?
3. What are the things you think are missing in the current exchanges? At least from your personal view
4. Do you think we can use our budget($200K monthly) better than creating an exchange?
5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor?
6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should earn extra 2%. Am I missing something? To easy to be true.

Anyone want to help us? Do you have any specific knowledge that might be helpful? Maybe you have worked in an exchange, you know margin trading better than others or you use API from exchanges to gain profit? Wanna talk more? Send me your skype login in a private message.

First 10 people with activity above 100 who will answer those questions I am happy to send $50 in BTC as a “thank you” for your time so please add your BTC address


200000$ is a very big price and I'm astonished that you have that kind of amount monthly, you must be very rich and a businessman.
At number one, I'm using bittrex as an exchange that poloniex now.
Secondly, I'm not quite a trader but I'm observing how cryptocurrencies in the trading industry run on fumes and when I see some opportunity, buy a good alternative and invest then wait for the result. Third, security, measuring of credit risks and transparency is missing in the industry nowadays. Invest in some good ICo or go to mining industry I think, there are so much to develop there. Fourth, I still don't know the mining industry. Fifth, I don't trust cex, they have so many issues down there and fees are quite high not mentioning the waiting time.

You should know 200k$ is not a big sum for exchanger at all,if you ever calculated profit they (poloniex) got every day you will see 200k$ is nothing but a dust.and if you want to open an exchanger you should consider it carefully,visit every exchanger and use it a bit to feel it surely you will understand it.

In my opinion every exchanger have their advantage, for example :

Bittrex : it was a very simple exchanger and easy to use,fast and light

Poloniex : Many people using it because in this exchanger we can use our bitcoin or other altcoin as collateral to get 2,5x Loan and trollbox (removed now),because they have a lot function in their website many people had a problem when they're trading such as lagging and spiking.

So consider it carefully and think it again twice,trice and frice ( lol )

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July 10, 2017, 07:14:06 PM
 #28

5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor?

Here's an interesting article which says mining is much more profitable than it used to be due to the latest series of big price movements upward.

Quote
Bitcoin's Price Surge is Making Hobby Mining Profitable Again

Jul 9, 2017 at 12:30 by Bailey Reutzel

Roque Solis never imagined the bitcoin mining equipment he bought in February would have already paid for itself. And on top of that, made him money.

Solis is the president of SoliSYSTEMS Corp, a company that developed an EMV smart card for electronic benefit transfer for the federal assistance program, Women, Infants, and Children (WIC). While attending several conferences last year, Solis was unable to ignore bitcoin. So, he decided to experiment with the technology via mining to get a better handle on whether the technology could be used within his company.

Solis bought a Bitmain Antminer S9 on eBay for $2,400.

As of this weekend, Solis has mined 1.01 BTC, worth a little more than $2,584 in his bitcoin wallet.

Solis said:

"When I bought the miner, the price per bitcoin was around $1,200. I thought I’d break even in one year, but actually it’s been about five months."

These gains, though, are particularly interesting in that, even last year, individual hobby mining wasn't profitable anymore. Individuals with just one or two miners couldn't compete with the companies mining bitcoin using large warehouses full of servers dedicated to the task (and seeing lucrative returns as the price rose).

But that was with the price below $600, which, with electricity costs and mining pool fees, would take a person more than 500 days to break even on their bitcoin miner investment.

With an increased awareness and usage of mining pools, and the price now far higher, hobby miners – as Solis' experience shows – can break even in several months.

According to Solis, the amount of money he’s making per day with the miner jumped from $7 to $16 recently, as the price shot up.

Price matters

And to bitcoin's enthusiasts this is evidence that the increase really does benefit the network more broadly.

According to Sean Walsh, a partner at Redwood City Ventures, a bitcoin and blockchain consulting and investment firm. Walsh said, the rising bitcoin price has done more than reinvigorate investors, it's also led to increased interest in bitcoin mining, a key process that supports the network by securing its ledger.

Walsh told CoinDesk:

"There are a lot of metrics that actually matter, like the number of people that own at least one bitcoin, but nobody cares about that. It's just price. It's the one score that wakes people up, and when The Wall Street Journal and other financial publications write about bitcoin."

And the Google Trends for "bitcoin" and "bitcoin mining" tell a similar story. Many of the peaks in the chart for both terms coincide with spikes in price.

Yet, it's not only the price per bitcoin that's luring in new bitcoin mining hobbyists. According to Walsh, while bitcoin transaction fees were relatively stable for a long time, in the past couple years, those fees have seen an uptick.

"This has to do with the block size debate, because the network is a bit congested, and people are having to pay more to get their transactions confirmed," he said.

Whereas only a few years ago, around 100 bitcoins per day was paid in transaction fees, in the past couple months, transaction fees have equaled around 350 bitcoins a day, Walsh said, pointing to stats on bitcoin data website Blockchain.info.

And with 1,800 bitcoins produced daily, 350 bitcoins is close to 20% of that. This is in stark contrast to a year ago when only 60 bitcoins were paid in transaction fees and 3,600 bitcoins were being produced daily (before the halving), making the percentage paid in fees around 1.6%.

"That's a huge boost," Walsh said.

He continued:

"I don't know that [increasing transaction fees] are affecting people's interest in getting into mining. People may not realize why it's more lucrative to mine bitcoins now, but when they run the numbers, the payback period looks better than it used to."

New blood

But those who have been in the cryptocurrency space for a while know this story, and would likely caution against Solis and others thinking that the upward momentum will continue.

Warning of future corrections, Walsh said:

"It’s very important for people entering bitcoin mining that they really understand how to calculate their revenue and expenses. They need to make sure their cost basis and operating costs are very low."

For example, if new miners overspend on hosting servers, when there's a correction, they're over-leveraged. And that's a cardinal sin in any investment, said Walsh.

Bitcoin was down about 20% over the last couple weeks of June.

Walsh called the downswings just "normal respiration of an asset class," yet others not so versed in investing might be unaware of these fluctuations and get themselves in trouble.

For Solis, though, it's all about learning through experience.

The Antminer S9 is running in SoliSYSTEM’s server room in the company’s office in Allen, Texas. Solis isn't able to identify just how much electricity the miner is using, though, since there’s clusters of servers there already.

"It is noisy, though," Solis said. "Compared to the other servers, it’s very noisy."

And that's because it's a machine with two specialized ASIC boards, crunching numbers with a fan that rotates at 5,400–7,000 revolutions per minute, he said.

Solis isn't only interested in bitcoin. Having been introduced to ethereum's ether token and the network's smart contract architecture, he had one of his employees buy some immediately via an online exchange several weeks ago. And he plans to start mining ether soon.

He's also researching Hyperledger and other private blockchain systems.

All this, so he can better envision the use cases for his company. According to Solis, the company is looking into how blockchain could underpin a mobile, closed-loop electronic benefits transfer system.

http://www.coindesk.com/bitcoins-price-surge-is-making-hobby-mining-profitable-again/

That's nice to hear. It could contribute towards crypto becoming more decentralized in terms of mining not being completely ruled by large conglomerates who are united.

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July 13, 2017, 08:48:08 PM
 #29

This seems doubtful, a newbie account, asking for advice about how to open an exchange and that has 200000 every month to spare, it is too good to be true and when that happens most likely it is.

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July 15, 2017, 07:16:14 PM
 #30

well personally i trade for profit ! buy cheap/sell high.
i use yobit they have a nice user interface and easy to use so everything is clear but the support there is a miss they rarely answer and they take a hell of time too but that's fine for me cause i never had any problem to send a support ticket though
so i think what exchanges really need now is a nice support team who can answer tickets quickly.
i think the world does need another altcoin exchange platform so the competition rise in this area and the exchanges owners will try to provide the best services for the users

Thank you

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July 17, 2017, 07:52:47 PM
 #31

Hi,

I’ve bought some bitcoins when they were worth $300 but I was not active in this industry and that is why I will need your help.

I have a budget of $200,000 monthly to invest so I thought to myself “let’s open an exchange”. You might think that there are so many exchanges now that the market does not need another one. Maybe you a right. On the other hand that is what I’ve been doing for the last 10 years, creating businesses in fast growing industries where there are already many companies on the market. Currently, I am hiring 70 people, mostly software engineers. As a company we are running an exchange in a smaller industry so we want to move to bitcoins now.

Most of you are much longer in the industry than me so I have a couple questions.

1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing?
2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ?
3. What are the things you think are missing in the current exchanges? At least from your personal view
4. Do you think we can use our budget($200K monthly) better than creating an exchange?
5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor?
6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should earn extra 2%. Am I missing something? To easy to be true.

Anyone want to help us? Do you have any specific knowledge that might be helpful? Maybe you have worked in an exchange, you know margin trading better than others or you use API from exchanges to gain profit? Wanna talk more? Send me your skype login in a private message.

First 10 people with activity above 100 who will answer those questions I am happy to send $50 in BTC as a “thank you” for your time so please add your BTC address

1.- The people that I met whose are using Poloniex are investing in new altcoins
2.- I use Bittrex for trading, I used HitBTC in the past but I changed because they didn't had the option of invest in Ripple
3.- The option of send private message between users like a social network
4.- I think create an exchane is a good idea and very exciting
5.- I have no idea.
6.- Don't do it yet, you can sell your bitcoins in any other website in any moment


My bitcoin adress is: 15x9zsJWyheWRFCbuBJG8fXVmcr9kztsSw    Wink

I prefer to live a day like a wolf than a hundred years as a lamb.

BUY / SELL bitcoins  --->  https://bit2me.com/?r=ryOV8xZNb
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July 17, 2017, 11:22:31 PM
 #32

1. Poloniex, it's a trusted and old exchanger in this industry, the reason why are so many people using it i think due to its popularity.

2. i'm a trader, i'm trading on many exchanges let's say bittrex, polniex, c-cex, yobit, bleutrade, and even the one which turned to scam cryptsy, why am i trading on those sites? first of all i'm looking for the trusted company, secondly i think faster service, sometimes some coins are not listed that's why we're using many exchanges, another factor is the fee.

3.  Better and faster support, as you can see a lot of threads in this forum are complaining about why their tickets are not getting replied by their support, i don't know maybe there are too many tickets that they have to handle or something, if yes then they should hiring more people as their costumer service.

4. You might spend much on promotion since so many competitors out there.

5. i'm not sure, i'm not a miner.

6. As people said above, speed is the major factor in arbitrage, verification is needed especially for huge balance so it might affect your trading activity. The fee also is the problem.


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____ for Localized Shopping ____
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IN FIRST 24 HOURS!
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July 22, 2017, 01:29:19 PM
 #33

Nice to hear from a Bitcoin investor since $300USD. Your budget is huge, I think its enough to compete with leading trading sites. Okay I'll try my best to answer your questions one by one.

1. In my own opinion, aside from Security and tenure-ship in the crypto industry of Poloniex. People are trading there because Poloniex can handle huge money. It has a large volume of coins. Theres no fear of making huge sell and buy orders as Polo has lots of active users. New coins? No! Its so hard for a new coin to get listed at Poloniex. They screen and constantly removing dead coins.

2. They said do not put all your eggs in one basket. Thats what I am doing. For security reasons I do not invest in just one or two trading site. I have always a fear of Polo might get hacked. So what ever happened I still have bitcoins from other exchange sites.
Heres the list of my trading sites, and reason why I trade there:

Poloniex - Security, can handle huge amount, Offers margin trading and lending
Bittrex - Security, can handle fair amount of bitcoin, always fresh with good new coins
Liqui - Security, decentralized exchange, has tons of good NEW coins.
Cryptopia - Just investing from some shit coins
Etherdelta - Open source, lots of good ETH ER20 coins.

3. I think the missing part of ALL exchange now is being user friendly to newbies. As all trading sites now by default looks very boring. How about making an exchange that is very friendly to first timers without any knowledge in trading? Providing videos, and step by step tutorials. It took me 4months to figureout how to trade and read charts, I lose huge money from bad trades. thanks to Youtube.

Margin trading is also a feature missing from some exchange site.

Another cool thing missing from other exchange site but present from LIQUI.IO is having a pair of $USDT/<coin here> to all of its coin.
So lets say I trade SONM with BTC, if SONM is about to dump, I just sell it to USDT/SONM.

4. As I mentioned above, your budget is huge. You can use it to promote about your exchange site. Please create a good one, please defeat Bittrex and Poloniex. We will invest with you.

5. Mining is another option, but I guess mining bitcoin now is not that profitable due to large number of miners. Better mine newly hatched GOOD coins as the coin might multiply to 10X in just few months. Then trade it to Bitcoin and enjoy the profit.

6. Arbitrage sometimes is not that profitable due to Bitcoin delay.

Thanks sir, if you want to treat me with a beer: 1GgXzTv8MdsHwSvCTvvh1czKqpTVcDXPjb

Thanks Wink

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July 22, 2017, 06:13:28 PM
 #34

Hi,

I’ve bought some bitcoins when they were worth $300 but I was not active in this industry and that is why I will need your help.

I have a budget of $200,000 monthly to invest so I thought to myself “let’s open an exchange”. You might think that there are so many exchanges now that the market does not need another one. Maybe you a right. On the other hand that is what I’ve been doing for the last 10 years, creating businesses in fast growing industries where there are already many companies on the market. Currently, I am hiring 70 people, mostly software engineers. As a company we are running an exchange in a smaller industry so we want to move to bitcoins now.

Most of you are much longer in the industry than me so I have a couple questions.

1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing?
2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ?
3. What are the things you think are missing in the current exchanges? At least from your personal view
4. Do you think we can use our budget($200K monthly) better than creating an exchange?
5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor?
6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should earn extra 2%. Am I missing something? To easy to be true.

Anyone want to help us? Do you have any specific knowledge that might be helpful? Maybe you have worked in an exchange, you know margin trading better than others or you use API from exchanges to gain profit? Wanna talk more? Send me your skype login in a private message.

First 10 people with activity above 100 who will answer those questions I am happy to send $50 in BTC as a “thank you” for your time so please add your BTC address



1. Why are people using poloniex? Are most of them traders or miners or margin traders or they invest in new alt coins or …. something else I am missing?

People trust poloniex for all of what you said. But the best thing about it is that it is the most trusted one of all the exchanges now because of a lot of things like security, ease of use, quick turn around, choice of alt coins, and big volumes.

2. If you are using any exchange please tell me which one and why are using it? You are a miner, trader or …. ?

I am a trader and I use Poloniex, for the above stated reason. I love how they chose altcoins that don't really die, like how it is in yobit, where every altcoin can be accepted.

3. What are the things you think are missing in the current exchanges? At least from your personal view

I guess, easier way of depositing money. Usually they only accept bitcoins and other complicated ways of depositing like SEPA on other exchanges. Poloniex accept altcoins they have in their exchange for deposits and also USDT which is expensive to use too.

I wish it could be easier and cheaper. Though the problem is that this is global. You need to address multiple ways of deposits and set it up in each country.

4. Do you think we can use our budget($200K monthly) better than creating an exchange?

Yeah, buy more bitcoins right now. Likely you will profit more than go against the exchanges right now. Though since you have a terribly big budget, why not? I don't think it would even cost $200k to create one.

5. Is there still good money to be made in mining? Anyone with knowledge looking for some investor?

Yes there is, if you would be willing to build it in cold places (not freezing) and has cheap electricity.

6. I was thinking about trading my money from Btc-e to Cex.io as the difference of the BTC is around 4% (as of now the prices are 2533 USD (btc-e) and 2662 (CEX.io). I think it is an easy money with every trade as I should earn extra 2%. Am I missing something? To easy to be true.

That may be true, this is called arbitrage btw, but that is only for small trades that would not affect the prices of each exchange. If you buy so much from BTC-E then that would pump their price and then if you sold everything on CEX.IO you would dump the price. As a whale, arbitrage is not an option.

I hope my comments did help you. Here's my address if you think it did help, 1HMMkZhWZmE7UYjKeWQ4yXcNDoPTHAQDEZ 

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July 22, 2017, 09:57:31 PM
 #35

This seems doubtful, a newbie account, asking for advice about how to open an exchange and that has 200000 every month to spare, it is too good to be true and when that happens most likely it is.
A newbie only signifies a newly created account, it does not tell anything about one's experiences and exposures as you can equally  see a number of newbies making meaning contributions in their posts, while couple of high ranking member drift off tangentially from topic on hand.

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July 23, 2017, 02:17:58 PM
 #36

I'll be following your account MR. OP. Please make the best exchange site for us. We are so much tired of Poloniex! So tired of waiting to their customer service response delays and website bugs.

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July 23, 2017, 06:57:17 PM
 #37

This seems doubtful, a newbie account, asking for advice about how to open an exchange and that has 200000 every month to spare, it is too good to be true and when that happens most likely it is.
A newbie only signifies a newly created account, it does not tell anything about one's experiences and exposures as you can equally  see a number of newbies making meaning contributions in their posts, while couple of high ranking member drift off tangentially from topic on hand.
You are right about it but that is not what it is happening here, in this thread a newbie ask about how to open an exchange and that he has 200000 monthly if he had that much money it will be better to hire experts and lawyers instead of asking for advice in a forum in which almost no one has experience creating exchanges.

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____ for Localized Shopping ____
[|FACEBOOK
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SLACK
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GET YOUR 40% BONUS
IN FIRST 24 HOURS!
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July 24, 2017, 12:37:05 AM
 #38

This seems doubtful, a newbie account, asking for advice about how to open an exchange and that has 200000 every month to spare, it is too good to be true and when that happens most likely it is.
A newbie only signifies a newly created account, it does not tell anything about one's experiences and exposures as you can equally  see a number of newbies making meaning contributions in their posts, while couple of high ranking member drift off tangentially from topic on hand.
You are right about it but that is not what it is happening here, in this thread a newbie ask about how to open an exchange and that he has 200000 monthly if he had that much money it will be better to hire experts and lawyers instead of asking for advice in a forum in which almost no one has experience creating exchanges.

Because spending $500 to get a feeling from a large community is so much money /sarcasm
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July 24, 2017, 12:43:02 AM
 #39

@Deathwing

Thanks for your reply. I ve sent BTC, hope they will be with you shortly

1. By traders you mean people doing arbitrage or traders who are doing something else?
6. Why do you think it will not be profitable in the long term?



1 - Altcoin traders, people who only focus on trading all kinds of coins whether if it's popular or just nothing but a shitcoin.

6 - Mainly fees, and the time you spend transferring the coins between the sites will hurt the amount you earn.

Correct for number 6. I did experience it that when my coins arrived on the other exchanges the price already drops down because of too much time in confirmations that it takes almost half a day.Though there are many factors affecting it, sped is really important.

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July 24, 2017, 02:38:15 PM
 #40

If i were you i will use half of it to open a business in real world, and half of it in cryptoworld maybe i will do trading cause i dont have any knowlegde in investing on hyip.

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