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BlackFor3st
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December 29, 2019, 08:22:24 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  Base on your statement I can conclude that you have no deeper knowledge about crypto currencies so what I can suggest for you is to study first what is crypto currencies then I am sure that as time passes by you can find the best answer for your question. Here is my little advice, 60btc is not enough to start a proper exchange especially if you will not launch an ieo or any type of fund raising first so you can take it out to your choices. The same with casino or sports betting as it will need a huge amount as capital in order to fully operate without any problem. The best option for you is gather your own team and launch an ieo or any type of fund raising then proceed to what you want to create either casino,exchange or any that you like as 60btc is a very small amount as capital. |
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matchi2011
Sr. Member
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Activity: 1456
Merit: 267
Buy $BGL before it's too late!
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December 29, 2019, 08:31:54 AM |
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if I have a lot of bitcoin, I will use some of it to open a business, for example, selling tools or food. and others are invested and also do daily trading, because if you do both simultaneously it might be better even though time will be drained a lot
If I have that amount now, I will use portions of this assets to deal with other business and not just focusing with crypto. There's e-commerce where you can also got the chance to integrate crypto with your business and I, you can accept payments using Bitcoin while expecting for good benefits with your business. |
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kotik085
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December 29, 2019, 11:48:11 AM |
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If I get 60 bitcoins, then I will put 80% on investing in bitcoin, thereby I will make a profit. The remaining 20% I want and buy what I want. This is a very great option. From investments, further fix the net profit and live on it.
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Kambal2000
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December 29, 2019, 03:47:43 PM |
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If I get 60 bitcoins, then I will put 80% on investing in bitcoin, thereby I will make a profit. The remaining 20% I want and buy what I want. This is a very great option. From investments, further fix the net profit and live on it.
It's up to you,but if I were you don't put all the 80% to Bitcoin, that's very much large amount of money, I will just put 20% to crypto, 30% for savings then 50% of it will be allotted for traditional business and start my journey there, 60 Bitcoins really enough money for me, and won't ever risk it in just investing majority of it in crypto. |
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Lauren Smith
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December 29, 2019, 05:27:51 PM |
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I think you should invest offline. You have not told us your skills and your post is not as detailed as ot should be in order to filly understand and help you. I think invest in a local business or perhaps something you are good at you can try out. You want to be able to have a partner or something and you do nothing and just get interest. Maybe a partner is a casino could be a good idea. I think someone you know in person is best. Not always that easy to find though. Don't invest everything. Keep most of what you have in bitcoin. You already rich so just be careful.
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Eugenar
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December 29, 2019, 05:30:52 PM |
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If I were you, I will hold 50 bitcoin in a hardware wallet, and use 10 btc to trade. I don't want to build a new crypto business because I don't know how to get a good team to build that. But I can try to trade with that 10 btc, and I guess that I can increase the bitcoin amount because I see that the market now is good for trade. Still, 60 bitcoin is a large amount of money, so I will be careful if I want to invest in anything because by holding 60 bitcoin itself will give me huge money in the future.
I wonder what is the feeling if you could see the conversion of money amounting to 10BTC in the market with huge volatility. For me, trading this huge amount of bitcoin will be a though job. You need allot of calculation or else, you will conduct a long term trading of bitcoin to ensure a great profit. Imagine, your starting investment is too big, meaning to say that you have a huge chance of getting the most out of the market and at the same time, if you fail from panic selling, you could lose allot as well. |
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GideonGono
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December 30, 2019, 07:37:54 AM |
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If I get 60 bitcoins, then I will put 80% on investing in bitcoin, thereby I will make a profit. The remaining 20% I want and buy what I want. This is a very great option. From investments, further fix the net profit and live on it.
If I were you I will invest it on good investment in real world where you can buy for example taxi, just buy a lot of taxi where you can get by getting some rent on it everyday so you'll help some person and specially you. Think some passive income and the rest you can start to learn trading. |
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Butwhytho
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December 30, 2019, 07:45:26 AM |
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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.
I hate to break it to you but it sounds like a bad idea. |
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blckhawk
Sr. Member
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Activity: 1498
Merit: 327
★Bitvest.io★ Play Plinko or Invest!
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December 30, 2019, 08:03:14 AM |
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You could run your business, but by that amount, you're nowhere near having an income without hardwork. Those who earn such are CEOs of multi-million dollar companies that has already all the necessary team to do his business and not think of much about it while passively earning. You could invest in running your own business, or enter the world of properties (lands) which appreciates in value, but all of which requires hardwork.
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AbuBhakar
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December 30, 2019, 08:06:43 AM |
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if I have a lot of bitcoin, I will use some of it to open a business, for example, selling tools or food. and others are invested and also do daily trading, because if you do both simultaneously it might be better even though time will be drained a lot
It's good also to have rental businesses, may it be thru land or thru housing and business establishments. Just make sure the are is a busy place with many people. Find business that suits your interest like restaurants etc. If you love what you're doing you'll be successful in it. |
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December 30, 2019, 08:17:07 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 well, I will split them into 4 parts.15 BTC for investing in property or in offline business,15 BTC in gold as an investment and 15 BTC for trading cuz trading can give a nice amount of returns if play with proper strategy and rest amount will be moved in paper wallet for few years. |
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livingfree
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December 30, 2019, 08:55:40 AM |
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I have a lot of business ideas in my mind but executing them is hard for me because the problem always lies on the fund. Well, if I have that amount to start with a business, honestly I'll keep the 30BTC and will start to use the other half for establishing different businesses and investments that's on my mind.
Making a crypto related business is out of my scope lately because operating on my location is a struggle but to make it easier, I can easily invest to the bankroll of established casinos but the majority of the remaining funds, I'll go with the traditional investments and buy shares of company or even buy a running business. I believe with that amount it's already enough to buy one.
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Periodik
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December 30, 2019, 10:15:29 AM Merited by vapourminer (2) |
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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 If I have 60 BTC I will not be starting a crypto project. I would rather build a physical business that will be accepting Bitcoin and altcoin payments. Starting a crypto project will only eat your Bitcoin away. There are very high risks with starting a crypto project right now. Look at the past and present crypto projects. Are they even reaping returns of their investment? |
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Casdinyard
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December 30, 2019, 10:33:35 AM Merited by vapourminer (1) |
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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 First off, you should at least be knowledgeable in crypto so you wouldn't be fool. And yeah, creating team members dedicated for your business is the least that you could do however this might be hard to filter potential applicants. Moreover, if I'll have this amount I would definitely just hold the half while the other would be investing in a real life venture that could give passive income. We all know that crypto industry is quite lucrative however high risk in the same time so just go with offline investment, just in case. |
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znation
Jr. Member
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December 30, 2019, 10:45:23 AM |
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For me if I have 60 BTC I will spend half to trade and keep BTC for myself 30 BTC, I will split into 2 to buy good Altcoin and the rest will open a small trading shop to I earn my daily income and I don't have to work for anyone else.
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Doranile432
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December 30, 2019, 11:04:11 AM |
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If I have 60BTC today I will definitely start building my own crypto exchange, this is the fastest way to make unlimited profits daily and between a year and two you will be swimming in lots of money
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ice18
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December 30, 2019, 11:16:52 AM |
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60 BTC is quite a huge amount of money to invest into crpytocurrencies as an individual but not enough to run a project and sustain it unless you plan on conducting an ICO or IEO in the near future.
Well it depends on your location because for me 60btc is pretty huge to start a crypto business I can hire 5 skilled developers in our country with that amount good for 1-2 years and paid all required fees to start a business sometimes very huge budget is not needed if you got the idea, smart people around you and your determination and positive thinking you might succeed. |
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trickshot22
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December 30, 2019, 11:27:41 AM |
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60 Bitcoin is an enormous amount and potentially enough to build your own business in cryptography. Nonetheless, if you don't have any idea where to get a team, it would hardly create a business. It's easier in this world if you build a trustworthy team that can do the job properly. This place is full of frustration, so if you don't know enough about these things then your 60 BTC might be in vain. To begin with, you need to gather as much information as possible, make a reference plan or roadmap. The best option is just not to restrict our crypto business, you might be able to use the fund to buy stocks on the market.
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Twentyonepaylots
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December 30, 2019, 03:15:36 PM |
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60 Bitcoin is an enormous amount and potentially enough to build your own business in cryptography. Nonetheless, if you don't have any idea where to get a team, it would hardly create a business. It's easier in this world if you build a trustworthy team that can do the job properly. This place is full of frustration, so if you don't know enough about these things then your 60 BTC might be in vain. To begin with, you need to gather as much information as possible, make a reference plan or roadmap. The best option is just not to restrict our crypto business, you might be able to use the fund to buy stocks on the market.
If I would have that huge amount of BTC I would not build a business from where it came from, there is a huge potential of business in here in cryptocurrencies but with the competition that is giving birth to more and more shit coins and projects gives me chills to the bone. I would convert that up into fiat and work my ass out on a physical business, I'm not really considering to have a business in here. |
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imstillthebest
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December 30, 2019, 03:26:28 PM |
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For me if I have 60 BTC I will spend half to trade and keep BTC for myself 30 BTC, I will split into 2 to buy good Altcoin and the rest will open a small trading shop to I earn my daily income and I don't have to work for anyone else.
open a small trading shop ? as in a crypto exchange ? or others ? 30 btc is i think seem to be small on this kind of business but you said its only small right ? just put a limit or a warning for the maximum amount to depo or to withdrew so that your business can run as what it intended to be . meanwhile 30 btc for your self is already a good amount to keep you goin in the future and who knows ? btc price could jump and you can earn alot of profit in the future if that happens . |
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