Business ideas with 60 Bitcoin? What would you do?

[60BTC]

If someone has 60 BTC can he start a decent crypto business to make passive income? Please share some business ideas.
What would you prefer? Casino/Sportsbetting/Wallet/Exchange and which has the highest earning potential?
Provided i have funds - 60BTC and no knowledge regarding business and i am not a designer but i want to start my own crypto business. Where can i start? Where can i find and hire team for myself like designers/developers etc to start my business? I know good team can help the business grow but bad team can ruin everything so what are the things to look for before starting a business? Where to get the business partners with good ideas and genuine team? Where would you start from if you are in my situation. Please share your opinions in this thread  

[60BTC]

If someone has 60 BTC can he start a decent crypto business to make passive income? Please share some business ideas.
What would you prefer? Casino/Sportsbetting/Wallet/Exchange and which has the highest earning potential?
Provided i have funds - 60BTC and no knowledge regarding business and i am not a designer but i want to start my own crypto business. Where can i start? Where can i find and hire team for myself like designers/developers etc to start my business? I know good team can help the business grow but bad team can ruin everything so what are the things to look for before starting a business? Where to get the business partners with good ideas and genuine team? Where would you start from if you are in my situation. Please share your opinions in this thread  

If you have such an amount, you can create a project based on crypto, like creating an exchange, a wallet, a casino, or something else. However, this will not be a very large business (60B * $9000= $540,000). I would trade better, it would probably give a solid profit with less risk

I personally believe trading is more risky more like a gambling and if my business get's successful i can make a decent amount of money. I just don't know where to get the genuine team and partners and what would be the best niche.

[MURONDI]

if i have 60 bitcoin i will divide it into 2 parts, 30 bitcoin for crypto business and 30 bitcoin for real business for example for property business, for crypto business I prefer trading than others.

[ChrisPop]

There is a lack of a professional exchange with derivative products that works flawlessly and is made in a professional manner. You see that all exchanges have some sort of bugs, etc. Bitmex has that server overload "bug", Deribit just had an index problem liquidating traders' orders, etc. If you can gather a team of experienced, motivated developers and a management & legal team you can make big fortunes, BUT you need to hurry because Bakkt and CMEs will probably open their services to retailers next year as well.

[Oceat]

Don't expect a passive income yet if you are not successful in your business. Having a business doesn't mean you will have a passive income already. You will have to work hard for it too before you can get to the passive income that you are talking. It doesn't mean if you have a lot of money you will become successful in your business/company. You still have to work for it until you reach your goal and that's the success.

You can choose what's the best business for you with your Bitcoin. It is either you do the short-term trading or choose a long-term investment. Having a 60BTC can make you rich already but it would be better if you invest some of it for a long-term investment.

[nienzer]

If someone has 60 BTC can he start a decent crypto business to make passive income? Please share some business ideas.
What would you prefer? Casino/Sportsbetting/Wallet/Exchange and which has the highest earning potential?
Provided i have funds - 60BTC and no knowledge regarding business and i am not a designer but i want to start my own crypto business. Where can i start? Where can i find and hire team for myself like designers/developers etc to start my business? I know good team can help the business grow but bad team can ruin everything so what are the things to look for before starting a business? Where to get the business partners with good ideas and genuine team? Where would you start from if you are in my situation. Please share your opinions in this thread  

If you have such an amount, you can create a project based on crypto, like creating an exchange, a wallet, a casino, or something else. However, this will not be a very large business (60B * $9000= $540,000). I would trade better, it would probably give a solid profit with less risk

I personally believe trading is more risky more like a gambling and if my business get's successful i can make a decent amount of money. I just don't know where to get the genuine team and partners and what would be the best niche.

The complexity of creating a team makes the project risky. However, if you have money, you can buy everything and hire elite team, or buy a franchise at such casinos (however, I have not checked if it exists)

[nienzer]

Don't expect a passive income yet if you are not successful in your business. Having a business doesn't mean you will have a passive income already. You will have to work hard for it too before you can get to the passive income that you are talking. It doesn't mean if you have a lot of money you will become successful in your business/company. You still have to work for it until you reach your goal and that's the success.

You can choose what's the best business for you with your Bitcoin. It is either you do the short-term trading or choose a long-term investment. Having a 60BTC can make you rich already but it would be better if you invest some of it for a long-term investment.

May I ask you what long-term investment you consider to be working and profitable?

[abdobe]

If someone has 60 BTC can he start a decent crypto business to make passive income? Please share some business ideas.
What would you prefer? Casino/Sportsbetting/Wallet/Exchange and which has the highest earning potential?
Provided i have funds - 60BTC and no knowledge regarding business and i am not a designer but i want to start my own crypto business. Where can i start? Where can i find and hire team for myself like designers/developers etc to start my business? I know good team can help the business grow but bad team can ruin everything so what are the things to look for before starting a business? Where to get the business partners with good ideas and genuine team? Where would you start from if you are in my situation. Please share your opinions in this thread  

If you have such an amount, you can create a project based on crypto, like creating an exchange, a wallet, a casino, or something else. However, this will not be a very large business (60B * $9000= $540,000). I would trade better, it would probably give a solid profit with less risk

I personally believe trading is more risky more like a gambling and if my business get's successful i can make a decent amount of money. I just don't know where to get the genuine team and partners and what would be the best niche.

If you use good tools, monitor chart 24\7 and use a high-quality hardware wallet, then trading makes sense. Just imagine, you earn extra-big revenue in a few clicks. Yes, this requires brains, but I do not think that a stupid person will own 60 Bitcoins, right?

[Kprawn]

Why does it have to be a Crypto currency based business? I can think of plenty of businesses that you can fund that are not Crypto currency

related that would give you a passive income. You can buy existing businesses that are for sale and get an accountant to scrutinize the books and

then continue with that business. You do not even have to run the business yourself, you just hire a manager to do it on your behalf. It will take

some effort in the beginning to get a reliable manager and a good business opportunity, but after that it should be much easier. If you want, you

can convert the income back into Bitcoin, if you still want to be invested in Bitcoin. 

[boltz]

If someone has 60 btc right now he should keep them for the next bull run and then cashout like 10 of them and start a nice business , maybe even based on blockchain or cryptocurrency. At this price its risky to cashout 60 Bitcoin to start a business as you take more risks when you start something fresh instead of simply keeping Bitcoin for another 2 years ...but hei , its the holder choice , I just express my opinion.

You always have the option to buy some masternodes and keep some passive income that you can convert them back into Bitcoin in time , that is a business as well.

[Diirtmaan]

Why does it have to be a Crypto currency based business? I can think of plenty of businesses that you can fund that are not Crypto currency

related that would give you a passive income. You can buy existing businesses that are for sale and get an accountant to scrutinize the books and

then continue with that business. You do not even have to run the business yourself, you just hire a manager to do it on your behalf. It will take

some effort in the beginning to get a reliable manager and a good business opportunity, but after that it should be much easier. If you want, you

can convert the income back into Bitcoin, if you still want to be invested in Bitcoin. 

Right recruiting is key in successfully acquiring a business, but you're right. it needs investments and not professional skills to a greater extent. However, I suspect that the author wants to know where 60 Bitcoins can be invested in the crypto sphere

[60BTC]

Why does it have to be a Crypto currency based business?

Because if start a business in real life with fiat, earning potential is less. Crypto business will give me return in crypto only and crypto price in future will further improve that return   

[target]

So you still up to find a passive income and you rejected all those suggestions about your DASH staking plan.

Starting a business and hiring a team means you are putting your the success of your plans to the team who might not be the right guys to hire. My suggestion is that you learn the trading instead and treat it like its your daily business. Buying and selling could be easy while the market is starting to build up. Don't put your risk your fate to someone else.

[The Sceptical Chymist]

Don't expect a passive income yet if you are not successful in your business. Having a business doesn't mean you will have a passive income already.

That is most definitely true.  Even people who own established businesses like restaurants and the like still end up having to do work to maintain the business.  It isn't like they just sit back and collect the money.

OP, I think you're thinking about your 60BTC all wrong.  Instead of considering it to be startup money, why not just treat it as an investment in itself?  The only real passive income I've seen in crypto is with staking coins like NEO and some others.  Even mining isn't a passive thing, since you always have to be paying attention to what's going on.  Investing in a gambling site might do the trick provided the site is legitimate, needs stakeholders, and doesn't require you to do much.  I don't know much about things like that but I know people who've invested in online casinos.

Good luck, though.  Passive income is like the holy grail that we'd all like to achieve.  Me included.

[mk4]

Why does it have to be a Crypto currency based business?

Because if start a business in real life with fiat, earning potential is less. Crypto business will give me return in crypto only and crypto price in future will further improve that return  

Not necessarily. With that mindset, you could end up with the same results by using your fiat profit to buy bitcoin/cryptocurrencies, if you're really THAT bullish with cryptocurrencies. It just completely depends on the business and how you handle it, regardless if it's a business that handles fit or crypto.

With that said, it's pretty hard to answer your questions. It simply depends in soooo many factors. It's almost like the classic question of "should I get a job or start a business?". We don't know what your skills are, what country you're in, what your target demographic is, what connections you have, etc. So much factors that it's impossible to get a rough answer to your questions.

[jakelyson]

What would you prefer? Casino/Sportsbetting/Wallet/Exchange and which has the highest earning potential?

These businesses are expensive to set up and run especially you have no experience and will have to hire professionals to do it for you. 60BTC might not be enough to fund it.

I suggest you do a traditional business like small restaurants or groceries but accept cryptocurrencies as payments. Or start a business that you are already familiar with. Most entrepreneurs build their business around their hobbies. That is more likely to succeed than forcing yourself on an already saturated niche.

[enhu]

What would you prefer? Casino/Sportsbetting/Wallet/Exchange and which has the highest earning potential?

These businesses are expensive to set up and run especially you have no experience and will have to hire professionals to do it for you. 60BTC might not be enough to fund it.

I suggest you do a traditional business like small restaurants or groceries but accept cryptocurrencies as payments. Or start a business that you are already familiar with. Most entrepreneurs build their business around their hobbies. That is more likely to succeed than forcing yourself on an already saturated niche.

This seem to be a better idea than setting up an online business which this 60BTC may not be enough while the risk is much higher than the cost to build it.  An offline business would be a better option for you. If I were in the situation, I will probably buy a rover and convert it to a hotdog and burger stand that I can drive to places and accept crypto as pay.

Casino/Sportbetting or exchange is going to cost you more than 60BTC.

[100bitcoin]

If someone has 60 BTC can he start a decent crypto business to make passive income? Please share some business ideas.
What would you prefer? Casino/Sportsbetting/Wallet/Exchange and which has the highest earning potential?
Provided i have funds - 60BTC and no knowledge regarding business and i am not a designer but i want to start my own crypto business. Where can i start? Where can i find and hire team for myself like designers/developers etc to start my business? I know good team can help the business grow but bad team can ruin everything so what are the things to look for before starting a business? Where to get the business partners with good ideas and genuine team? Where would you start from if you are in my situation. Please share your opinions in this thread  

If you have no prior experience is setting up or running a crypto business, then probably it does not worth to risk 60BTC. Better, you should take the investment route. I would suggest the following...

1. Invest in bankroll of a gambling game with decent volume and moderately high house edge .

2. Provide loan through some established exchange.

Both of the above method should not occupy more than 30BTC together. HODL the rest and explore new investment opportunities for the profit you generate out of the two methods I mentioned above.

[Maotezi]

For a real businessman, or more precisely in this situation, a person who owns 60 BTC, proposals are not needed he has a clear goal and does not ask for advice solves his problems, and buys property. If I'm worried about the current price of bitcoin is $ 60 * $ 8,839.46 = $ 530,367.6, I don't think the price right now is something you might want to wait a little longer, but all in all look at investing in something you love. to do what you love and your family to be in number (Two main things in every man's life). If you love virtuality, open a game room, maybe a bookmaker or something else. Just try to be original and come up with something new, don't be in the shadow of all the others and leave people and your success is guaranteed.

[hatshepsut93]

What would you prefer? Casino/Sportsbetting/Wallet/Exchange and which has the highest earning potential?

The market is very saturated with those services already, so it would be very hard to succeed. If you want high returns, you need to create something innovative, but you won't find it for free and on this forum. You should look for startups that seek funding and invest in them. However, there's a huge amount of scams or just bad startups, to you'll need a huge amount of knowledge to filter them out. Maybe you can hire some consultants that can help you with it, but again, beware of scammers.