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Author Topic: enough bitcoins to start small project ?  (Read 3310 times)
Bram 888 (OP)
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October 02, 2017, 04:39:16 AM
Last edit: October 12, 2017, 10:56:34 AM by Bram 888
 #1

 i if want to start small project (site)

how much i need for basic one ? OR complex one ?



Edit Basic ideas

1) Apk game that have fixed address for every player and get coins when he/she to that address .

2) Exchange site (Paypal to btc Directly ) or other exchange



First good point

The most important and costly part of a project is its security. And security measures increase as per the size of your project. If you are thinking something big, you will surely need more security for that, but if you are just trying to start a very small service like a faucet or something like that, it will surely cost you less in compared to bigger projects like gambling platforms, exchanges or any other major project like that.

I personally would not recommend a person to start any project as long as he himself does not know anything about securing himself, as that can be dangerous for the project these days as we usually see hacks happening to even bigger projects, so if someone finds out about the project and finds it easy to crack then there are chances they might do an attack for even less money if they are easy to get.
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October 02, 2017, 05:09:44 AM
 #2

It depends on the complexity of your project.I have seen many users spending thousands on gambling projects,ICOs etcitra.
 You may even start a project if you have $100  but if you are going to hire someone to design your website in accordance with law complying project,whether it is a shopping project initial coin offering or gambling, it will cost you $2000-5000 .
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October 02, 2017, 09:22:03 AM
 #3

i if want to start small project (site)

how much i need for basic one ? OR complex one ?

A faucet for example could cost you more then +1000$ because If you are serious about it, you should hire designers, make it unique compared to others (competitive rates etc.) and mostly, protect it from bots and multi accounts (a Captcha is not enough), this is the only way to insure that both you and your users will make profit. A gambling site (which I don't recommend even If it was easy to start) will clearly cost much more, development, security etc. are top priority otherwise you will get hacked in no time but most of the funds should be for paying users.

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October 02, 2017, 10:56:56 AM
 #4

i if want to start small project (site)

how much i need for basic one ? OR complex one ?

A faucet for example could cost you more then +1000$ because If you are serious about it, you should hire designers, make it unique compared to others (competitive rates etc.) and mostly, protect it from bots and multi accounts (a Captcha is not enough), this is the only way to insure that both you and your users will make profit. A gambling site (which I don't recommend even If it was easy to start) will clearly cost much more, development, security etc. are top priority otherwise you will get hacked in no time but most of the funds should be for paying users.

Well i guess if the OP is computer literate then he could reduce some amounts. Because it would be really hard to make those if you don't have enough I.T. knowledge for this matter. And probably a team of 3 if possible. Cause you would need someone to at least to test your site. As Omega said, security is very needed and you also have to advertise the services you are trying to offer and it is not easy to advertise because you could have many competitors and it takes years for that to be sustainable.
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October 02, 2017, 11:36:17 AM
 #5

i if want to start small project (site)

how much i need for basic one ? OR complex one ?

A faucet for example could cost you more then +1000$ because If you are serious about it, you should hire designers, make it unique compared to others (competitive rates etc.) and mostly, protect it from bots and multi accounts (a Captcha is not enough), this is the only way to insure that both you and your users will make profit. A gambling site (which I don't recommend even If it was easy to start) will clearly cost much more, development, security etc. are top priority otherwise you will get hacked in no time but most of the funds should be for paying users.

Well to start a faucet business, you don't need to have 1000 dollars in your pocket. There are many readymade scripts available out there which are very good and strong against bots. Just contact user Avalon  for the script. His script is really very good and one of the best. It costs nearly 25 dollars. He is providing many addons also for less price. Nowadays most of the faucet owners are using his script for their faucets.
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October 03, 2017, 07:02:16 PM
 #6

i if want to start small project (site)

how much i need for basic one ? OR complex one ?

A faucet for example could cost you more then +1000$ because If you are serious about it, you should hire designers, make it unique compared to others (competitive rates etc.) and mostly, protect it from bots and multi accounts (a Captcha is not enough), this is the only way to insure that both you and your users will make profit. A gambling site (which I don't recommend even If it was easy to start) will clearly cost much more, development, security etc. are top priority otherwise you will get hacked in no time but most of the funds should be for paying users.

Well to start a faucet business, you don't need to have 1000 dollars in your pocket. There are many readymade scripts available out there which are very good and strong against bots. Just contact user Avalon  for the script. His script is really very good and one of the best. It costs nearly 25 dollars. He is providing many addons also for less price. Nowadays most of the faucet owners are using his script for their faucets.
Maybe he means the long term costs? You need to have a website, hosting, captcha protection, and you need money to give away to those that claim from the faucet so I could easily see that costing a few hundred bucks per month.
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October 03, 2017, 08:46:31 PM
 #7

Maybr you need hundreds dollars for this . Its better if you purchase few years domain and choose best domain for your site so many people sill visit to yoimur site. You need also to design your site and I suggest its better that your site is unique compared to other the design is common . But its up to you how much do you want to start if its 50 dollars its okay make a research first so you can know.

 
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October 03, 2017, 09:10:03 PM
 #8

i if want to start small project (site)

how much i need for basic one ? OR complex one ?

Which kind of project? What will you offer, sell something, give informations or offer a service?

Information sites are cheap, you just need to set it up, pay for a domain, you can do almost everything for free, but you need knowledge to give legit informations to people and to make it interesting to bring even more people to your site.

If it's a service site, like an exchange, it's more complex and you need informatic skills, Crypto Currency experience, you need some people working for you, security levels, must check if it's allowed on your country... Really difficult.

A shopping site isn't easy too, and only profitable on long term (if you are able to run your business until there).

 
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October 03, 2017, 11:46:26 PM
 #9

Well for me if you wanted to make a business and earn bitcoin for starting $20 is enough base in my own experience or even more depends if what niche you wanted to promote.. I am doing internet marketing  and doing my SEO project  with my own and i am not paying any other seo service except for 2nd tiered because almost almost all tier 1 i manually doing it.. plus social signal cheap in seoclerk..

If you do faucet i think its not worth it for your hard work unlike internet marketing there are CPA are paying in bitcoin like peerfly, cpabuild and ogads..

This project will be good choice than faucet that you are spending lots of money base on what posted above..

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October 04, 2017, 02:20:24 AM
 #10

That depends on your project and how many services you will need to pay to start it, if you have knowledge with websites you can save some money. I am sure you can calculate your costs if you make a list of things you will need if you are asking what project you should start you need to mention the amount you are willing to invest in this.

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October 04, 2017, 03:24:46 AM
 #11

It depends on the complexity of your project.I have seen many users spending thousands on gambling projects,ICOs etcitra.
 You may even start a project if you have $100  but if you are going to hire someone to design your website in accordance with law complying project,whether it is a shopping project initial coin offering or gambling, it will cost you $2000-5000 .


I didnt know setting up a BTC gambling site would be that cheap. Can you give us examples of what BTC gambling sites started with an initial budget of $5000? I could start one right now if I could figure out where to start.
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October 04, 2017, 06:24:36 AM
 #12

i if want to start small project (site)

how much i need for basic one ? OR complex one ?

You should be specific on how many bitcoins you've got in your wallet. All projects are depending on the success of it's marketing plans, long term plans and budget of advertising. If you want to start a simple startup business $100 - $1,000 will do for the start of your website, other attractions on your website. You don't really need a big budget if you are not into gambling industry.



 

 

 

 

 

 


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October 04, 2017, 07:15:03 AM
 #13

i if want to start small project (site)

how much i need for basic one ? OR complex one ?

Are you sure it's you? I read all your posts and you seemed very smart and especially someone who understands about many businesses, so why are you asking this question?

Well for me if you wanted to make a business and earn bitcoin for starting $20 is enough base in my own experience

By the historical post of OP, I realize that he has more than this

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October 04, 2017, 03:15:51 PM
 #14

i if want to start small project (site)

how much i need for basic one ? OR complex one ?

Its on the amount of capital and the complexity of the business involved as well coupled with the country of residence. In my country, with a 5btc, one can start a viable online business without having to break a bank for it but wanting to set up a manufacturing establishment with lot of work force, will surely need more than a 5btc.

Carry out your feasibility study with relevant details and analysis, and be sure with the amount you will be needing to set up but beyond that the cashflow needs should be properly analysed because that sometimes could be more than the initial capital.
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October 06, 2017, 04:24:17 AM
 #15

That depends on your project and how many services you will need to pay to start it, if you have knowledge with websites you can save some money. I am sure you can calculate your costs if you make a list of things you will need if you are asking what project you should start you need to mention the amount you are willing to invest in this.
if you think that your project is feasible to your project according to your saving. after calculating the cost and benefits if you find that your project will take a profit then you can start your project by Bitcoin, otherwise you may save the Bitcoin for the future purpose.i think saving of Bitcoin would be one of the most profitable business in the future.
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October 06, 2017, 04:44:53 AM
 #16

It depends on the complexity of your project.I have seen many users spending thousands on gambling projects,ICOs etcitra.
 You may even start a project if you have $100  but if you are going to hire someone to design your website in accordance with law complying project,whether it is a shopping project initial coin offering or gambling, it will cost you $2000-5000 .


I didnt know setting up a BTC gambling site would be that cheap. Can you give us examples of what BTC gambling sites started with an initial budget of $5000? I could start one right now if I could figure out where to start.
You can find casino/gambling site scripts for way low prices online, it will be a lot more if you pay someone to code a site from scratch.
There are countless CSGO gambling sites which started with very low budget of-course Crypto-currency site would be way more complex.

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October 06, 2017, 08:00:48 AM
 #17

i if want to start small project (site)

how much i need for basic one ? OR complex one ?

Why thinking to build a business with small budget only? If your in outside world then you can actually create a business with less budget since there so many option to select but we are in online marketplace and the plan business need to advertise aswell with it needs a excellent designs and beautiful service to became well known and that cost a lot mate.

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October 06, 2017, 10:27:51 AM
 #18

i if want to start small project (site)

how much i need for basic one ? OR complex one ?
It totally depends on the kind of project you are talking about. Even small projects like you said differs and a lot of things must be considered before even venturing into them.

If you can give better information regarding the project you want to start probably you can get a rough estimate, otherwise everything we will all tell you here is going to be based on assumption and you will end up finding out it won't be enough once you embark on the project.

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October 06, 2017, 11:11:51 AM
 #19

The most important and costly part of a project is its security. And security measures increase as per the size of your project. If you are thinking something big, you will surely need more security for that, but if you are just trying to start a very small service like a faucet or something like that, it will surely cost you less in compared to bigger projects like gambling platforms, exchanges or any other major project like that.

I personally would not recommend a person to start any project as long as he himself does not know anything about securing himself, as that can be dangerous for the project these days as we usually see hacks happening to even bigger projects, so if someone finds out about the project and finds it easy to crack then there are chances they might do an attack for even less money if they are easy to get.
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October 06, 2017, 11:17:53 AM
 #20

The most important and costly part of a project is its security. And security measures increase as per the size of your project. If you are thinking something big, you will surely need more security for that, but if you are just trying to start a very small service like a faucet or something like that, it will surely cost you less in compared to bigger projects like gambling platforms, exchanges or any other major project like that.

I personally would not recommend a person to start any project as long as he himself does not know anything about securing himself, as that can be dangerous for the project these days as we usually see hacks happening to even bigger projects, so if someone finds out about the project and finds it easy to crack then there are chances they might do an attack for even less money if they are easy to get.

Well right now there a lot of people who wanted to have some business by starting small but their are really many enemies out there that has the same thinking they could start out small and end up having big profits. It is would really be depressing if somehow the small business did not turn out to be great. It is really better to be friends with people in high places so that they could also help you advertise some small project you want to provide.
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