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Author Topic: ADVANTAGES OF CRYPTO BUSINESS  (Read 349 times)
annemarie2254 (OP)
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July 30, 2020, 10:04:02 AM
 #1

Cryptocurrency is definitely worth your investment in 2020. It might be better to start a crypto-business this year as it offers a lot of advantages. Here are some advantages of having a crypto-business:

It attracts new customers
As it is still quite new and rare compared to the traditional businesses, it can attract new customers and secure your position in the competition.

It’s easier, faster, and cheaper
With no middlemen, transactions with cryptocurrencies are easier, faster, and cheaper. It’s beneficial for your customers as without additional fees, you can offer product in a much lower price.

It’s liquid
Cryptocurrencies are can be cashed out relatively quickly, which would be a big advantage for your customers.

It has no barriers
With no barriers, international trade is more accessible. It means, you can expand your business to any regions!

It’s secure
Transaction using cryptocurrencies cannot be reversed, which reduces the fraud. It can help you gain customers’ trust.

One of the best business you can try out is establishing your own cryptocasino. It offers more advantages as it also provides anonymity for they who doesn’t want to be associated with gambling industry but still want to benefit from it.

WagerGun is the best crypto-casino provider in the market. Here are why you should launch a crypto-casino with WagerGun:

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For more information about crypto-casino business, check this link: https://wager-gun.com/en/crypto-casino-secure/
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July 30, 2020, 11:36:06 AM
 #2

It's easy to hear and read that anyone can start his crypto business or crypto casino but maintaining it is the hardest part of it. I'm interested of having my own crypto business but I know the qualities and challenges that I need to pass before making one.

If somebody shows interest for making his own casino, think of it as it's not just about making profit, it's about customer service and your reliability as a casino providing many things for the sake of your casino and taking care of customers.

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July 30, 2020, 12:12:59 PM
 #3

There is a lot of business today right now want to use the payment with the cryptocurrency because it's easier and does not need to have a lot of trouble than using the bank transfer but still right now some of the business are using the QR code to their business.



It attracts new customers
As it is still quite new and rare compared to the traditional businesses, it can attract new customers and secure your position in the competition.


I doubt with the use of this because only people can attract on it is the people know how to use the crypto it's more catchy to them if they are first-timer it will give a lot of excitement to them this kind of business.



It’s easier, faster, and cheaper
With no middlemen, transactions with cryptocurrencies are easier, faster, and cheaper. It’s beneficial for your customers as without additional fees, you can offer product in a much lower price.



It depends on the platform they will use because sometimes it has a huge transaction fee so it's a big loss to them if they going to buy on your business and them lose their funds' cause of the transaction fees.

WagerGun is the best crypto-casino provider in the market. Here are why you should launch a crypto-casino with WagerGun:


After all of this statement, you are referring to use this gambling platform. Well, crypto gambling is one of the business right now but if you are referring this I think it's okay to move to gambling discussion.

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July 30, 2020, 01:06:41 PM
 #4

It’s easier, faster, and cheaper
With no middlemen, transactions with cryptocurrencies are easier, faster, and cheaper. It’s beneficial for your customers as without additional fees, you can offer product in a much lower price.
There will be verdict for this and also depends on the type of business you are trying to do and which cryptocurrencies you are gonna used. As you are aware, network fees often change and could have a very expensive payment. What if the customer or client for the business hesitant to pay due to high fees? But they can sort it out by using a lighter transaction. Lightning network is good and appropriate for this.

I am planning to open up someday a business which can cryptocurrency can be used for payment so Im interested in this kind of topic.

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July 30, 2020, 01:15:44 PM
 #5

It all depends on the specific business. Just a few things to take note:

It attracts new customers
As it is still quite new and rare compared to the traditional businesses, it can attract new customers and secure your position in the competition.

It may attract Bitcoin or crypto supporters but it won't necessarily secure your business' position in the competition. The rest won't buy your goods or avail of your services simply because you are accepting Bitcoin or crypto payments.

Quote
It’s easier, faster, and cheaper
With no middlemen, transactions with cryptocurrencies are easier, faster, and cheaper. It’s beneficial for your customers as without additional fees, you can offer product in a much lower price.

Easier? Probably not. It is a lot easier to pay with cash.
Faster? Probably not. It is a lot faster to pay with cash.
Cheaper? Probably not. If you pay with cash, you won't be paying any additional fee.

Quote
It’s liquid
Cryptocurrencies are can be cashed out relatively quickly, which would be a big advantage for your customers.

If your intention is to cash out, you should've just used cash in the first place.

Quote
It’s secure
Transaction using cryptocurrencies cannot be reversed, which reduces the fraud. It can help you gain customers’ trust.

That Bitcoin payment is irreversible is a double-edged sword. It might not mean less fraud but it may mean that once you are a victim of fraud, you cannot recover your lost funds.

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July 30, 2020, 01:19:20 PM
 #6

It's easy to hear and read that anyone can start his crypto business or crypto casino but maintaining it is the hardest part of it. I'm interested of having my own crypto business but I know the qualities and challenges that I need to pass before making one.
It's hard to build or start alone, you'll be needing a team for it unless you can handle it single handedly which I highly doubt for a person to be. First things first, gathering a team to build each piece is easy, finding those who are really talented isn't, there are lot of people on the internet pretending they are professional editing some certification just to post it online and scam one's company. Starting these days is quite hard though the fruits are very tasty once you succeed.

If somebody shows interest for making his own casino, think of it as it's not just about making profit, it's about customer service and your reliability as a casino providing many things for the sake of your casino and taking care of customers.
Building your own reputation is the hardest I think, I'm not saying all but most of the new casinos don't achieve such enough reputation resulting to a small number of users, and they mostly end up closing. You're right, owner should not be just thinking bout' the money, can't gain it without intangible reputations.
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July 30, 2020, 01:57:47 PM
 #7

Are you talking about advantages of crypto business or advantages of using wager-gun services?
First of all, the real advantage of founding of crypto business is the less number of competitors in this field and there is some possibilities that competitors may not exist, depends on country and innovation/creative profile of business.
But on another hand it's high responsibility, one hack and if funds from wallet are stolen, more likely they are gone forever. Security is what matters here the most and you make it wrong by saying that crypto business is just more secure than any other, no.
Nothing has barriers and crypto has nothing to there. Has visa/mastercard, bank transactions any barriers? No.
Also running a crypto business doesn't automatically mean that you will attract customers, it's even hard in this field because you have to popularize it unlike already popular services.

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July 30, 2020, 02:21:13 PM
 #8

It has no barriers
With no barriers, international trade is more accessible. It means, you can expand your business to any regions!
I mean, the government is probably the largest and most prominent barrier in the crypto business. If there's something I'd be afraid of, it's that I might be forced to go against my customers' (and BTC's) interests by the state. This is the main reason I am still in doubts about launching one. If and when the governments ever stop ruthlessly entering our online privacy, I might reconsider.
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July 30, 2020, 02:33:31 PM
 #9

Honestly It's easier to tell it but if you are going to think about competitors, fund for rewarding your gamblers, maintenance, manpower, security for your casino and getting a license and other technical things you needed to run a crypto business.

I can say it's really profitable if things run smoother however you should know that it's risky as well and might end up losing your money.
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July 30, 2020, 03:44:18 PM
 #10

It's easy to hear and read that anyone can start his crypto business or crypto casino but maintaining it is the hardest part of it. I'm interested of having my own crypto business but I know the qualities and challenges that I need to pass before making one.
It's hard to build or start alone, you'll be needing a team for it unless you can handle it single handedly which I highly doubt for a person to be. First things first, gathering a team to build each piece is easy, finding those who are really talented isn't, there are lot of people on the internet pretending they are professional editing some certification just to post it online and scam one's company. Starting these days is quite hard though the fruits are very tasty once you succeed.
Managing a service of a casino is hard to be done by a single person. Starting it alone can be done but once you are fully operational, you'll be needing a hand to manage everything.

If somebody shows interest for making his own casino, think of it as it's not just about making profit, it's about customer service and your reliability as a casino providing many things for the sake of your casino and taking care of customers.
Building your own reputation is the hardest I think, I'm not saying all but most of the new casinos don't achieve such enough reputation resulting to a small number of users, and they mostly end up closing. You're right, owner should not be just thinking bout' the money, can't gain it without intangible reputations.
Yes, building of reputation is going to determine how you handle your customers so those things are inter-connected.

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July 30, 2020, 03:50:36 PM
 #11

It attracts new customers
As it is still quite new and rare compared to the traditional businesses, it can attract new customers and secure your position in the competition.
It will depend on what promotions you use to attract new customers to visit on your sites. If you can promote on any website, including in social media, and have more websites to help you promote your site, I think it can help you gain more customers.
If the casino website is new, it will not easy to compete with the old casino website because they already have their members who would stay on their site. So you need to have something different than their website so you can try to invite them to visit your site and try your gambling games.



I think you can add the price to buy your packages, so your potential buyer can know how much money they need to start their casino website. Besides that, they can easy to choose what packages that will match what they want.

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July 30, 2020, 06:13:04 PM
 #12

It has no barriers
With no barriers, international trade is more accessible. It means, you can expand your business to any regions!
I mean, the government is probably the largest and most prominent barrier in the crypto business. If there's something I'd be afraid of, it's that I might be forced to go against my customers' (and BTC's) interests by the state. This is the main reason I am still in doubts about launching one. If and when the governments ever stop ruthlessly entering our online privacy, I might reconsider.

We should  really anticipate first the possibilities because government can anytime step in on the scene and would really make up everything a hassle for business owners.
Be sure that regulation towards crypto on said country or place is somewhat on the positive side before proceeding.If its still in neutral then still considerable to make some move
but tendency for taxation nor closure is there if they do make out such next step.

When it comes to advantages then we cant deny that it does have more compared to its cons.

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July 30, 2020, 07:50:05 PM
 #13

Has anyone advise that this topic I guess suitable to the gambling discussion board.

Of course, there are a lot of advantages in the crypto business and most likely in business that is a gambling casino. If you have been noticed here that almost a month there were always a new gambling platform arise. The population of gambling business owners in gambling industry was also increased.

The main advantage is players can protect privacy while they are playing online gambling and most commonly no legal restriction in any part of the country, if there is, they required KYC verification.

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July 30, 2020, 10:59:09 PM
 #14

In business owners perspective about advantage is that you wont set up things that much when you are creating your own business
specially if you do live on a country that doesnt restrict out gambling and doesnt have any laws about cryptocurrencies.
Success will depend on how good your site is neither you do offer crypto or fiat if your site doesnt look good then its would be useless.

Has anyone advise that this topic I guess suitable to the gambling discussion board.

Yes, this one would be appropriate in gambling discussions board.

R


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July 30, 2020, 11:34:08 PM
 #15

As cryptocurrency is much associated with the internet connectivity, the development can be done in a short time period. When it comes to make revenue out of it, you need to work much rather than having a traditional or real-time business. In real-time business you will get walk-in consumer, with business associated with internet we need to brief them and understand the willing. This itself a big task, and people won't easily get into business. They look for reputation. A single mistake can affect the reputation of a firm and the same will easily reach millions. So, every step needs to be made with perfect plan and executed.

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July 31, 2020, 07:13:34 AM
 #16

It has no barriers
With no barriers, international trade is more accessible. It means, you can expand your business to any regions!
I mean, the government is probably the largest and most prominent barrier in the crypto business. If there's something I'd be afraid of, it's that I might be forced to go against my customers' (and BTC's) interests by the state. This is the main reason I am still in doubts about launching one. If and when the governments ever stop ruthlessly entering our online privacy, I might reconsider.

The goverment is always a barrier, they are always going to find ways to every business not just related to cryptocurrency. 

Doing it with whitelabel I guess will save a business from doing all the paper works, would it?  If someone for instnace jsut want to operate within a week can simply just register to wager-gun and run immediately.  Maybe offer annonymous gambling since its what most crypto users asks.  On the other hand there are casinos scripts available as well that offer same advantages.
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July 31, 2020, 07:23:50 AM
 #17

I think the DEMO should be public and not request based

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July 31, 2020, 10:56:42 AM
 #18

Honestly It's easier to tell it but if you are going to think about competitors, fund for rewarding your gamblers, maintenance, manpower, security for your casino and getting a license and other technical things you needed to run a crypto business.

I can say it's really profitable if things run smoother however you should know that it's risky as well and might end up losing your money.
Building a new business you have to think it many times since there are many risks to discuss about it. A person should ready for the consequences might encounter. We may lose and win in having a business, you have to go through of having a good marketing strategy to attract more users. There’s a barrier in every business but in crypto the government are there so it should have a license to operate.
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July 31, 2020, 11:29:17 AM
 #19

If you talk about starting a crypto business like casinos is not that easy and also you have to gain people's trust and make your casino known. I have seen many casinos being launch and some of it didn't last long due to some issues and some are still running smoothly until now and they even have signature campaign for further advertising.

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July 31, 2020, 01:48:39 PM
 #20

If you talk about starting a crypto business like casinos is not that easy and also you have to gain people's trust and make your casino known. I have seen many casinos being launch and some of it didn't last long due to some issues and some are still running smoothly until now and they even have signature campaign for further advertising.
They just promoting the WagerGun so they know the all kind of casinos in crypto platform. Nowadays number of casino platform is enter in the market so signature campaign is really useful to advertise all the gaming sites. The crypto environment is really good to grow in current situation so we can concentrate the perfect platform surely we will make good success.

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