Bitcoin business idea - page 13. | Bitcointalksearch.org

Digitalbitcoin

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Quote from: chesatochi on November 23, 2016, 10:21:46 AM

I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment?

I know the typical business type on the market are :

Exchange
Blog
Lending
Trading
Selling stuff in bitcoin
Freelance job in bitcoin

Great ideas to startup with bitcoin. I have already initiated few of above mentioned services as Blog and exchange Can check for blogs Coinsinfo Digital Bitcoin and pocket Bitcoin Guide and have also offer Instant Altcoin Exchange with shapeshift. Thse are giving some good amount with offering advertising and referral programs. As well as offering services for bitcoin or with bitcoin is also one of great way to start business.

error08

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Quote from: xuan87 on November 24, 2016, 07:58:19 AM

I really like the idea of opening a freelance bitcoin job, if i had huge amount of money i will open a huge scale of online shop like amazon or ebay, i am sure if it is advertise correctly it can become larger than ebay and with bitcoin as payment the customer no need to be afraid of credit card information theft

Well, for people who already had huge capital it's not really hard to start their own online platform to provide those shop services, just need right friends to help you develop it. I agree it will become larger than similar platform but using cash and credit card for the payment due to bitcoin advantages, but I think it better to include cash payment too if you want.
But for who that doesn't have big amount of money yet, I will choose to offer your skills/capabilities as service and saving what you get to start your business or investment.

housebtc

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Quote from: Aamir1 on November 24, 2016, 11:28:47 AM

Quote from: chesatochi on November 23, 2016, 10:21:46 AM

I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment?

I know the typical business type on the market are :

Exchange
Blog
Lending
Trading
Selling stuff in bitcoin
Freelance job in bitcoin

If you have a good enough capital then among these options opening a brand new exchange with some new ways or improvements would be a great business to start, other than that if your capital is not that big then trading can be good too.

Exchange is the best with high profit potential among your list, but it also have the highest risk, there is need to consider a lot of things and most important thing is security of your exchange. Remember Mgox the issue is still on and recently Bitfinex also you need to have a solid go to market strategy to get your own market share

Wandering Soul~

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I think I will go for blogging cause among all things listed above it is the most less risky but requires a lot of time and effort . For starters, I won't build my blog immediately but practice my skill instead by selling my articles to some sites like hubpages and if I think that my skill are sufficient enough, then it will be the right time to build my own blog .

Lending is a good way also but I will not lend a money unless there is a valid collateral . Lending is very risky cause borrowers can always run off with the money .

Aamir1

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Quote from: chesatochi on November 23, 2016, 10:21:46 AM

I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment?

I know the typical business type on the market are :

Exchange
Blog
Lending
Trading
Selling stuff in bitcoin
Freelance job in bitcoin

If you have a good enough capital then among these options opening a brand new exchange with some new ways or improvements would be a great business to start, other than that if your capital is not that big then trading can be good too.

clickerz

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Quote from: DimensionZ on November 23, 2016, 01:27:57 PM

Dude if someone had a successful business idea involving Bitcoin they wouldn't tell other people about it and sure as hell they wouldn't divulge it on a public forum Grin

The best way to avoid the saturated market is to find a niche and think outside of the box. Come up with something unique and the money will start rolling in.

But it is better to voice out your idea also to crowdsource a possible business with the help of community. A community based bitcoin project is good since from inception and implementation the community had share their part.

crwth

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There a lot of businesses you can do in the real world it's just a mode of payment. So it's okay to say it's a bitcoin business idea if it revolves on bitcoins like exchanges, lending of bitcoins, trading fiat to bitcoin or alts other than that, it's different. You could try graphic designing, spa business, restaurant, consultancy, etc. You can try anything that you think can work.

ranochigo

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Lending is an extremely risky activity, especially with Bitcoin. It is hard to charge good interest rates if the borrower has a collateral and it is risky if the borrower has none.

Starting an online retail store is decent, you have to be creative and find out what the community here needs. A huge demand is ideal, for example a plastic VISA debit card.

Exchange requires a lot of web designing and regulations. It is hard to attract customers unless you are extremely trustable and offers good rates. You also have to deal with AML/KYC procedures.

ethereumhunter

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Quote from: xuan87 on November 24, 2016, 07:58:19 AM

I really like the idea of opening a freelance bitcoin job, if i had huge amount of money i will open a huge scale of online shop like amazon or ebay, i am sure if it is advertise correctly it can become larger than ebay and with bitcoin as payment the customer no need to be afraid of credit card information theft

i think you can start for a small site first like offer a services for making debit card, paypal vcc, selling the product or anything else. you can start to sell in around your city and online, and from time to time, if you have experience to handles the order, then you are ready to open a huge scale of online shop. you can see on aliexpress or alibaba, they start from small in little scope range and now, they become a giants in the internet.

gufpmvgw3334

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Quote from: chesatochi on November 23, 2016, 10:21:46 AM

I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment?

I know the typical business type on the market are :

Exchange
Blog
Lending
Trading
Selling stuff in bitcoin
Freelance job in bitcoin

Now, the best way is buy coin in exchange.you can buy some good altcoins and wait it up to some high price then you sell it and made profit!

muhcoins

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dude.. bitcoin is a currency..
you can have bitcoin in anything that needs payment

xuan87

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I really like the idea of opening a freelance bitcoin job, if i had huge amount of money i will open a huge scale of online shop like amazon or ebay, i am sure if it is advertise correctly it can become larger than ebay and with bitcoin as payment the customer no need to be afraid of credit card information theft

Senor.Bla

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Quote from: franky1 on November 23, 2016, 01:41:33 PM

Quote from: chesatochi on November 23, 2016, 10:21:46 AM

I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment?

I know the typical business type on the market are :

Exchange
Blog
Lending
Trading
Selling stuff in bitcoin
Freelance job in bitcoin

the ones i made red are because of cost of set up, legal frictions with regulators and low chance of income/returns unless alot is invested in time and funds to set them up right

to add, for a low upfront cost but getting the ball rolling faster and more chance of healthy headache free returns
bitcoin meetup, conferences, conventions
bitcoin consulting services EG setting businesses up to accept bitcoin
bitcoin learning centres, colleges, hackathons

just wanted to say this, but franky beat me to it. anyway i still can add some knowledge. not only the type of business matters and a lot of the success depends on the how you run a business. it is hard work and long hours. you need the right people around you and make a good job, do not half ass it.

franky1

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Quote from: chesatochi on November 23, 2016, 10:21:46 AM

I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment?

I know the typical business type on the market are :

Exchange
Blog
Lending
Trading
Selling stuff in bitcoin
Freelance job in bitcoin

the ones i made red are because of cost of set up, legal frictions with regulators and low chance of income/returns unless alot is invested in time and funds to set them up right

to add, for a low upfront cost but getting the ball rolling faster and more chance of healthy headache free returns
bitcoin meetup, conferences, conventions
bitcoin consulting services EG setting businesses up to accept bitcoin
bitcoin learning centres, colleges, hackathons

DimensionZ

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Shit, did I leave the stove on?

Dude if someone had a successful business idea involving Bitcoin they wouldn't tell other people about it and sure as hell they wouldn't divulge it on a public forum Grin

The best way to avoid the saturated market is to find a niche and think outside of the box. Come up with something unique and the money will start rolling in.

Shenzou

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I Think an online platform for shopping that you can buy with bitcoin is a very good idea , online shopping websites like amazon eBay and others only accept master cards and real money transfer and it will be a very successful busnies if you make an online shopping websites that accept bitcoin

eddie13

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I think just about any business I would think of starting I would accept BTC..

amacar2

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I think if you can have enough fund as well as if you can gather good dev team, blockchain based probably fair bitcoin game can be profitable if you can have really nice game idea. Also have a look at bustabit.com they are quite popular and the game they have is really interesting and unique (but not blockchain based).

bitbunnny

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Maybe to invest in some local start up idea? There are lot of inovative young people with good business ideas but with lack of money. So you can search some of these and invest in them, it's win-win situation for everyone.
Or if there is no Bitcoin ATM in your area you can place one.

BitcoinHodler

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Quote from: chesatochi on November 23, 2016, 10:21:46 AM

Exchange
Blog
Lending
Trading
Selling stuff in bitcoin
Freelance job in bitcoin

i will choose Exchange because i think it is the most profitable thing out there and it can be successful if you offer some local fiat transfer in a country that doesn't have any service like this but has many bitcoin users.

Blog: is not a business but more of a tiny side thing that you do.
Lending: is too small and risky
Trading: is also what i do and prefer with smaller amount
Selling stuff: it is a bit hard specially with physical goods
Freelance: is good as long as the pay is good but it usually is not.

Topic: Bitcoin business idea - page 13. (Read 9960 times)