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mooncake (OP)
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January 18, 2014, 06:20:27 AM |
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During the Gold Rush in the US in the 19th century, many people got rich. Most are not diggers but merchants who provided tools like spades and transportation facilities.
Based on past statistics, BTC is going to be more valuable. Other than mining and holding, are there other ways to make money?
There are already services like exchange services (Bitstamp, Coinbase), payment processing (BitPay) and investment trust (Second Market). Probably other services that will be provided are BTC implementation for merchants who want to accept BTC in stores or on websites.
I am sure there are more. If you can think of just one and it takes off, you will be rich!
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bitcoinshop.tk
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January 18, 2014, 03:28:25 PM |
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One of the way - open digital shop with bitcoin support)
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bitpop
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Activity: 2912
Merit: 1060
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January 18, 2014, 04:14:46 PM |
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Electricity
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Duane Vick
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Activity: 84
Merit: 10
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January 18, 2014, 04:37:51 PM |
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Sell GPUs packaged with a miner software that has config files already set up for best hash rates for ltc mining. Make money on solving other people's unwillingness to deal with setting up miners.
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1FMDNUutcKVTEAph3c8xCvZie7HaCC3xDt If you feel that I've contributed anything worthwhile, please donate.
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BTCIndia
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January 18, 2014, 04:52:22 PM |
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One of the way - open digital shop with bitcoin support)
I'm planning one for Indian handicrafts which have huge demand in International market. There are few things that have kept me at hold: 1. Website designing( I know nothing about it) 2. Integrating Payment system. (How can Bitpay be useful with INR?) |
He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
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Duane Vick
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Activity: 84
Merit: 10
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January 18, 2014, 05:05:58 PM |
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One of the way - open digital shop with bitcoin support)
I'm planning one for Indian handicrafts which have huge demand in International market. There are few things that have kept me at hold: 1. Website designing( I know nothing about it) 2. Integrating Payment system. (How can Bitpay be useful with INR?) 1. Find someone who can make website and do partnership with them. 2. Use bitpay to convert to USD and then you will have to do traditional currency exchange from USD to INR. |
1FMDNUutcKVTEAph3c8xCvZie7HaCC3xDt If you feel that I've contributed anything worthwhile, please donate.
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bitcoinshop.tk
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January 18, 2014, 05:07:45 PM |
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One of the way - open digital shop with bitcoin support)
I'm planning one for Indian handicrafts which have huge demand in International market. There are few things that have kept me at hold: 1. Website designing( I know nothing about it) 2. Integrating Payment system. (How can Bitpay be useful with INR?) Bitpay is not the best solution |
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BTCIndia
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January 18, 2014, 05:13:54 PM |
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One of the way - open digital shop with bitcoin support)
I'm planning one for Indian handicrafts which have huge demand in International market. There are few things that have kept me at hold: 1. Website designing( I know nothing about it) 2. Integrating Payment system. (How can Bitpay be useful with INR?) Bitpay is not the best solution What do you suggest? Well, I thought of accepting Bitcoins by making paper wallet offline so that, I don't have to worry about security. Because, I'll be buying handicrafts from poor artisans and selling them at nominal commission. I need to liquid 90-95% coins whenever order is placed. Liquidity and receiving money from international exchange is quite a fuss. I'm stuck! Plus I cannot find a developer capable of integrating Bitcoin as payment mechanism. I'd had approached lot of local developer but no one knows anything about Bitcoin. Was wondering, if there is any ready made e-commerce Bitcoin website available so that I've to only update content, price and host it. |
He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
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Duane Vick
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Activity: 84
Merit: 10
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January 18, 2014, 05:26:26 PM |
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Localbitcoins.com has buyers and sellers of bitcoins in India. Just find a regular buyer through there.
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1FMDNUutcKVTEAph3c8xCvZie7HaCC3xDt If you feel that I've contributed anything worthwhile, please donate.
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LiteCoinGuy
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Activity: 1148
Merit: 1014
In Satoshi I Trust
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January 18, 2014, 11:41:17 PM |
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open an exchange.
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Sutters Mill
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January 20, 2014, 09:00:36 PM |
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I know this is not directly related to mining but I'm thinking of opening an arm of my web hosting company to accept bitcoin as a payment method.
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BitCoinDream
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Activity: 2394
Merit: 1216
The revolution will be digital
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January 20, 2014, 09:14:50 PM |
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One of the way - open digital shop with bitcoin support)
I'm planning one for Indian handicrafts which have huge demand in International market. There are few things that have kept me at hold: 1. Website designing( I know nothing about it) 2. Integrating Payment system. (How can Bitpay be useful with INR?) Bitpay is not the best solution What do you suggest? Well, I thought of accepting Bitcoins by making paper wallet offline so that, I don't have to worry about security. Because, I'll be buying handicrafts from poor artisans and selling them at nominal commission. I need to liquid 90-95% coins whenever order is placed. Liquidity and receiving money from international exchange is quite a fuss. I'm stuck! Plus I cannot find a developer capable of integrating Bitcoin as payment mechanism. I'd had approached lot of local developer but no one knows anything about Bitcoin. Was wondering, if there is any ready made e-commerce Bitcoin website available so that I've to only update content, price and host it. Except for Bitcoin there are also other complicated part of this model if u want to sell outside India. 1. Shipping of the items. 2. How do u pay export duty ? |
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