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November 09, 2019, 11:20:29 AM |
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Your idea will be risky since you mentioned that is if you have no knowledge in designing and would hire a team to start your business. And if wver you will start your own business in crypto there had been plenty of gambling sites, wallet, coin that are created every day and it might even drain your funds developing your business and paying someone to develop it.
I think everything has its own risks and what if that much capital is used to build a business with a long term for example building a home business or renting a house in a strategic place and you can have lots of money every month because when many people rent your house then will get money every month.
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Meowth05
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November 09, 2019, 12:11:10 PM |
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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 - 60 BTC 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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 60 Bitcoin is quite immense amount indeed and probably enough to create your own crypto business. However, it would hardly to create a business if you have no idea where to get a team. In this world it is better if you will create a team that is credible and could do the job properly. This place is full of deception so if you have no enough knowledge regarding with these things then your 60 BTC might be place in vain. To start with you must gather information as much as possible, make a plan or a roadmap for guide. The best option is let's just not limit our business in crypto, perhaps you could use the fund to buy stocks in the market.
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Shasha80
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November 09, 2019, 02:33:16 PM |
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If I have 60 BTC I will divide into 2 parts. the first part of 30 BTC I will hold, because the price of bitcoin ' will continue to rise and therefore holding bitcoin will be very profitable. And the second part will be me switch to fiat, then I will start a property business. I will buy houses and apartments for rent. But if interested in crypto business can create new exchanges, for that you need a team to accelerate business progress.For the team you can hire from people in the real world, look for people who can be trusted and have abilities that is indeed needed.
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pundit
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November 09, 2019, 02:47:39 PM |
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Instead of putting all eggs into one basket I would like to divide my investment if I had 60 BTC. I will not prefer to develop something which can consume all my 60 BTC. I would like to keep some percentage in hard assets like Gold, real estate on anything else which can give my backup incase my startup fails. I would think of starting something which can be started within 30 BTC like developing an app or anything, max 5-6 BTC will be kept as buffer incase cost of development exceeds the primary calculation and before putting money into it I would like to study my idea and make a roadmap of it.
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makolz26
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November 09, 2019, 03:20:45 PM |
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Instead of putting all eggs into one basket I would like to divide my investment if I had 60 BTC. I will not prefer to develop something which can consume all my 60 BTC. I would like to keep some percentage in hard assets like Gold, real estate on anything else which can give my backup incase my startup fails. I would think of starting something which can be started within 30 BTC like developing an app or anything, max 5-6 BTC will be kept as buffer incase cost of development exceeds the primary calculation and before putting money into it I would like to study my idea and make a roadmap of it.
We should learn how to maximize our fund wisely, we should be able to check how we are going to handle it, if we are not that expert in handling money it is better to seek advice from a trusted friend or from a family member, we should always take note that we should be able to have different source of income, just like having 2-3 traditional business, investing in stock market, gold and also here in crypto and don't forget to save too.
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dioanna
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November 09, 2019, 03:49:19 PM |
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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 - 60 BTC 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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 60 BTC will not be enough for a casino online business or for an exchange, I would suggest a traditional business like food franchise popular in your place then accept crypto as payment. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Dabs
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November 09, 2019, 05:02:40 PM |
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If you think your business can make more than 15% per year, you could try that, with the associated risks. If not, you'd be better off putting it into real true passive fiat investments outside of crypto, you could get as much as 12% doing absolutely nothing but watching the funds. Most people who do index investing don't even look at their portfolio every month.
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Genamant
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November 09, 2019, 05:09:44 PM |
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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 - 60 BTC 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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) There are already so many crypto exchanger and creating a quality trading platform,you need more than 60 Bitcoins as in more. maybe if i have the knowledge and the right people to partner with, i think creating a crypto wallet would be my choice.
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Hamphser
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November 09, 2019, 05:12:52 PM |
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Probably an IT company. I write programs quite often and I teach some people occasionally how to program. From that I'll probably introduce my clients that Bitcoin can also be a method of payment, since Bitcoin is legalized anyway in my country so there's that.
So, how would OP do that? I think he doesn't know how to write program just like you. Do you think 60 BTC is enough already for an investment in crypto? Or OP shall take a real business outside of crypto. Probably a business that he knows how to manage just like you but you aren't doing some business, you are working for someone's business. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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Fappanu
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November 09, 2019, 05:16:22 PM |
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If I had 60 BTC I wouldn't invest it in a business I didn't know how to run. It's better to hold on and wait for the price to go up. Because I'm more sure that it'll be safe if it's just in my hands. And also hassle that when hiring a staff member you know it is not really a joke to make a bitcoin wallet or exchange a big investment is needed.
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darkangel11
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November 09, 2019, 05:24:30 PM |
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The possibilities are almost endless with such amount of money. If I had that much I'd simply trade it. With that amount I'd be able to make 100k USD per swing, so I'd probably put half of it on a decent exchange and day trade all of it. The other half would be my retirement ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) If you really want to start a business there's some good options for you: Buy real estate in a popular tourist location. A small hotel in the Swiss Alps, build some bungalows on a a popular beach like on one of the Greek islands or in Australia. It all depends on where you want to live. Having 60 BTC you could buy big yacht and offer people trips like sailing around the Pacific islands. If you prefer to live in the city buy apartments in a popular tourist destination like Paris or Rome. Some places will always be popular.
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60BTC (OP)
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November 09, 2019, 06:06:28 PM |
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If I were to have 60 bitcoin I would invest it straight through coin staking the only investment I think is profitable specialy with staking known and trusted coins out there online. Other option can be on trading, kinda risky but I can handle it if I have this kind of amount. Being smart on investing you can easily double this amount
Can you give some examples of those coins please?
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airdnasxela
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November 10, 2019, 07:23:26 AM |
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Casino and exchanges are hard businesses actually. And it's a big risk to use your 60 btc on this kind of business when you still don't have team to work with. Find first someone you can work with before deciding what to make a business. But since it's a big risk, why not just create another business idea but still into crypto. Something like online shops that will accept crypto then you can sell some crypto or bitcoin merch. I think that's more realistic, though the profit might not be big compared to others.
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pixie85
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November 10, 2019, 10:18:02 PM |
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I'd keep most of it in Bitcoin because no business will give you a potential for 500% profit a year. Normal rate of return for a business is maybe 10% a year, 20 if you're good at what you're doing and it booms.
Bitcoin can give you in 1 year what you'd need to work for a decade. You could be dead by then! In this life it's all or nothing. Go big or go home.
If you have to do it ask yourself what you like doing and do it. 60BTC is enough to start a software company buy a hotel or a restaurant. Your choice.
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rmhuntley
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November 11, 2019, 12:29:42 AM |
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If you have 60 BTC it is better just develop a real business like open a culinary place, property and online store in the form of clothing. But if you invest into crypto, then it is better to trade or hold up BTC prices over your new high sales.
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Aikidoka
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November 11, 2019, 12:53:38 AM |
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If you have 60 BTC it is better just develop a real business like open a culinary place, property and online store in the form of clothing. But if you invest into crypto, then it is better to trade or hold up BTC prices over your new high sales.
I think it's better open a real business with this high amount of btc. 60 bitcoins are really a huge amount, like you can do a lot of stuffs with me and invest them in a lot of fields. If I have 60 BTC, I'll try to invest in whether Trading or just buying some real estates, because we all know that it will be more expensive later.
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Youghoor
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November 11, 2019, 01:10:09 AM |
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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 - 60 BTC 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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) First and foremost, do not be in a rush to start your own crypto project without having any idea in a startup a particular business. I will advise you to rather invest or buy a share in a well-established crypto project to avoid losing money. It will be better to invest in already established businesses rather than creating a new project considering the current state of the crypto ecosystem. Considering your post, I see you as someone that has no idea to start a crypto project which will be successful.
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gabmen
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November 11, 2019, 05:08:41 AM |
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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 - 60 BTC 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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) First and foremost, do not be in a rush to start your own crypto project without having any idea in a startup a particular business. I will advise you to rather invest or buy a share in a well-established crypto project to avoid losing money. It will be better to invest in already established businesses rather than creating a new project considering the current state of the crypto ecosystem. Considering your post, I see you as someone that has no idea to start a crypto project which will be successful. There probably are a lot of projects with good teams behind them that fail to take off. Crypto isa lot of times abut hypd and many people invest in projects that make a lot of noise. Marketing should be your top priority. If i have that much asset though, i wouldn't plan on pushing all of it in crypto. That's quite a lot of money that you can invest in other ventures that poses less risk.
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Farma
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November 11, 2019, 06:07:48 AM |
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thinking about when I owned 60 bitcoin, I might start building a real-life business. Well, I think, having 60 bitcoin on the internet is one definition of success with crypto. the value of 60 bitcoins is truly extraordinary. I might think to build investments that are popular in the city where I live. such as building housing, apartments, lodging, and businesses that have long-term potential.
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Velkro
Legendary
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November 11, 2019, 11:54:01 AM |
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If someone has 60 BTC can he start a decent crypto business to make passive income? Please share some business ideas.
Congratulations of having as much as 60 BTC mr. someone ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I don't think there is business that giving passive income like you want. Even if, you need first to put A LOT of work to set it up, sometimes through years to get passice income with minimal effort. So without some knowledge, some hard work its not possible even with such big amount of money.
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