Business ideas with 60 Bitcoin? What would you do? - page 6.

pinggoki

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Quote from: 60BTC on November 08, 2019, 11:14:08 AM

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 I will have 60 amount of Bitcoin, having an small online casino could be an option. Creating your own wallet could a good option as well. However, it is better to diversify your funds the first half could be Hold or invest for a long matter of time and the other half could be used to buy stocks. If you are creating a business make sure that it is unique and because gambling and other cryptocurrency related business would be a tough fight due of competition. In creating a team of yours, make sure that they have experience and somehow acquainted because in this industry is not what we imagined.

Pamadar

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Quote from: Baby Dragon on November 09, 2019, 01:06:29 AM

Quote from: 60BTC on November 08, 2019, 11:14:08 AM

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

Since you don't have enough knowledge about business, I think you should do some research first and learn things because it will be difficult for you to start your business if you don't eve know the basics. Also, it can also help you to make wise decisions and overcome the problem that you might face in the future. Well i'm just telling you that you should be prepared when it comes to business, you need to have knowledge so you can come up with an idea to make people interested in your business. I think the casino will be great because a lot of people nowadays are into it, they prefer playing in an crypto casinos than traditional one since its convenient and less hassle.

This is the wiser thing to do before deciding to enter business like this. Learn everything so you are aware with every possibilities and you are more ready to face consequences along the way, instead of thinking of creating your own business inside crypto use part of your money in educating yourself so each ideas of yours can be execute once you already have the right knowledge towards this industry.

While you are studying, you can also spare part of your money to invest either with trading or you can also lend your money it's also a good way to earned passive profits, venue like gambling house, trading sites and staking coins allowed investors to earned dividends but remember always to do your research before participating to have a much comfortable investment.

Baby Dragon

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Quote from: 60BTC on November 08, 2019, 11:14:08 AM

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

Since you don't have enough knowledge about business, I think you should do some research first and learn things because it will be difficult for you to start your business if you don't eve know the basics. Also, it can also help you to make wise decisions and overcome the problem that you might face in the future. Well i'm just telling you that you should be prepared when it comes to business, you need to have knowledge so you can come up with an idea to make people interested in your business. I think the casino will be great because a lot of people nowadays are into it, they prefer playing in an crypto casinos than traditional one since its convenient and less hassle.

joinfree

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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. I would rather take a quarter of the amount of bitcoin and do day trading with it whiles investing into some solid crypto projects on the long term basis.

bounceback

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Quote from: 60BTC on November 08, 2019, 11:14:08 AM

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

of course i think they will use 60 btc to start a business but before you start you need to have more experience, so you don't suffer losses because we know that business can make us happy or vice versa if we don't know the right way to start a business especially when doing business with crypto, but if for me personally I would use 60 btc to trade because I thought it would make a very big profit.

hello_good_sir

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With the current rates, 60 BTC is equal to around 528,400 USD. That's a lot of money, and you should probably try forgetting about trading/gambling and ways to make money that don't involve an actual business, your capital is enough to ignore that option and focus on one of the best things you can have in life, which is a constant passive income, which is a set amount you would earn per week/month/year.

This depends a lot on your ideas, and what you want to do with crypto, but I can't speak for you and the best way for you to do anything here would to just be via a lawyer. Sit down with one and they will help you plan your money and transform your idea into something real.

crossabdd

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what do you mean, want to start a business in crypto with 60BTC. I think it's difficult, especially looking for a solid team. try to attend seminars or meetings on how to discuss Blockchain, there you will meet developers, marketing, programmers, etc. You can determine business with them. betting, exchange, etc. Business ideas can be discussed with your team.

hatshepsut93

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Quote from: 60BTC on November 08, 2019, 11:14:08 AM

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.

Maotezi

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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.

100bitcoin

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Quote from: 60BTC on November 08, 2019, 11:14:08 AM

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.

enhu

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Quote from: jakelyson on November 08, 2019, 01:23:52 PM

Quote from: 60BTC on November 08, 2019, 11:14:08 AM

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.

jakelyson

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Quote from: 60BTC on November 08, 2019, 11:14:08 AM

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.

mk4

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Quote from: 60BTC on November 08, 2019, 12:48:41 PM

Quote from: Kprawn on November 08, 2019, 12:24:41 PM

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 Wink

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.

The Sceptical Chymist

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Quote from: Oceat on November 08, 2019, 11:52:32 AM

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.

target

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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.

60BTC

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Quote from: Kprawn on November 08, 2019, 12:24:41 PM

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 Wink

Diirtmaan

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Quote from: Kprawn on November 08, 2019, 12:24:41 PM

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. Wink

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

boltz

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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.

Kprawn

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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. Wink

abdobe

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Quote from: 60BTC on November 08, 2019, 11:27:25 AM

Quote from: ?? on ??

Quote from: 60BTC on November 08, 2019, 11:14:08 AM

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?

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