Crypto is becoming legal in my country! Any business idea? - page 3.

shoreno

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Quote from: pragna on June 02, 2020, 10:53:22 AM

Quote from: ruku@AL on May 26, 2020, 02:39:59 PM

Hello all,
Cryptocurrency is becoming legal in my country, Albania. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Thanks!!

I think this is fully depends on your countries rules and regulations about crypto market. Govt may fully open cryptomarket in your country or can make medium level so that there may be some restrictions. So better wait for govt rules and then take your decision as there are many sector for business in crypto market like exchanges, project development, social awareness site as new to your country..etc.

thanks.

he said is going to become legal so it means it is still on beginner level add in the fact that crypto will also be regulated he qouted too . that also means they are restriction . project development and social awareness are i think only part of an exchange business because you are developing it at first and then you promote it so that people are aware with your business so i wouldnt count the two as a form of starting a crypto business although it was a form of job , they can hire people to work with it

pragna

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Quote from: ruku@AL on May 26, 2020, 02:39:59 PM

Hello all,
Cryptocurrency is becoming legal in my country, Albania. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Thanks!!

I think this is fully depends on your countries rules and regulations about crypto market. Govt may fully open cryptomarket in your country or can make medium level so that there may be some restrictions. So better wait for govt rules and then take your decision as there are many sector for business in crypto market like exchanges, project development, social awareness site as new to your country..etc.

thanks.

btc_love

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If you are willing to take risks, then you can work in any field, but transfer profits to cryptocurrency. When the whole world switches to cryptocurrency, then you will have an advantage, since you purchased cryptocurrency at a low price.

AniviaBtc

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Quote from: tech72 on June 02, 2020, 12:50:44 AM

Crypto exchange, for the local.
But be prepare with bunch of legal documents that you need to provide. Grin

Most of the people here are suggesting exchange because it is the best and feasible during times like this. Legal documents are just easy because you will just comply them to the authority to become approved by them to open a business about cryptocurrency.

As people are engaging in cryptocurrency and the volume and population of people who uses it are increasing, maybe this exchange that you're planning to invest will become profitable for you.

You can explore things related to cryptocurrency businesses so that you will become more experienced and knowledgeable about how market moves. You just need to work hard and properly manipulate your business so that you have a higher chance to grow, all of us have an opportunity to become successful and you have a lot of choice not only in exchange but you can also try trading.

tech72

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Crypto exchange, for the local.
But be prepare with bunch of legal documents that you need to provide. Grin

bearexin

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Quote from: ruku@AL on May 26, 2020, 02:39:59 PM

Cryptocurrency is becoming legal in my country, Albania. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

There is really nothing much you can do, you can just be accepting cryptocurrency as payment from your customers. Just setup a sign that shows that you're accepting Bitcoin or any other cryptocurrency you want as payment and when your customers that are using that cryptocurrency buy from you they will like to pay with the options you have provided.

You can as well ask your employees if they will like to receive their payments or part of it in Bitcoin, and pay those of them that agree with Bitcoin. These are the things you can do to get involved in pushing cryptocurrency further in your country. If these are not the things you're interested in, then I guess you're planning on creating your own project?

Nhor1011

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Daxetoken.net

Quote from: ruku@AL on May 26, 2020, 02:39:59 PM

Hello all,
Cryptocurrency is becoming legal in my country, Albania. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Thanks!!

That is a good news in your country and a big opportunity for you and other people there using crypto to open and operate business that can accept payments using cryptocurrency. It will not be easy to start but it will give you profit and it help crypto to become more popular in your country. Try to put up restaurant or internet cafe which accept crypto as payment. Also a local exchange so that it will not difficult for your fellowmen to exchange their crypto into your local money. Hoping that this will not only happen in your country but also in the whole world.

josgandosbro

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that is very good news and I also hope it will happen to my country. You can start a business by providing crypto-fiat services. or you can also start contacting several shops, restaurants and some hotels so you can be invited to work together in using crypto

Chrystora123

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Omicron is another FUD

take advantage of a business that you have mastered or that makes you comfortable.. You claim your country has legalized the cryptocurrency, which means that the cryptocurrency has been recognized as the legal "PAYMENT TOOL" in your country. You don't need to try a new business (this is if you already have a business) You only need to accept payments in crypto and it is very simple..

You do not need to build an exchange business that requires large capital! if you are a vegetable trader or car rental/lodging entrepreneur or supermarket owner, you only need to accept payments in cryptocurrency because crypto is legal in your country..

fiulpro

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I think there are certain things that you could do like:-

1. Exchange services over the call , with a reputed escrow ofcourse but I do think it will take time . A lot of it . You can just make a normal exchange platform and then overtime you can allow exchanges over the mobile , text , you might have to look in this idea further because it have many downsides .

2. You can start accepting Bitcoins in exchange of goods and services, even taking a step forward you can make your own website where you can buy and sell stuff using cryptocurrencies , it will take time but you can actually get a good profit margin.

3. You can give people a crash course on using cryptocurrencies *that one should be for free though* because there are many sources already but at the same time you can explain it based on your own country, like what exchange you are using and how to use it .

4. You can try and invest in some Bitcoin's ATM's but then again you will have to evaluate where the most Cryptocurrency enthusiasts are situated it . Otherwise it will be out of work in Matter of months.

5. You can start workshops on Bitcoins and cryptocurrencies and young people can attend and get to know things that might be the future of economy.

BitSat19

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Quote from: ruku@AL on May 30, 2020, 02:44:58 PM

I was thinking something for not very large budget, like exchange. The ATM support and license i think is something that can be done.
Also the service of selling accessories for crypto like wallets ect.

Does anyone know what are the requirement for building an large mining pool? Since Im already in the business of IT i would like to stay in the field!

If you are not able to have any good and big investment then try to provide services for crypto or use your skills for this because currently these are best options for any person who want to join this community and have no good amount of funds hopefully this will help you for better and secure future.

Oceat

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Quote from: bakasabo on May 27, 2020, 04:33:42 AM

I would think of a business, that require short time to make an order/produce something/something that can be pre-selected. Something that doesnt cost much. Think of something that can be done quick, receive quick payment for it and switch to next customer.

One of cryptocurrency ideas is a quick payment. Make a big payment - means waiting long time for confirmation (if we talk about BTC and I'm sure exactly BTC will be used in your country as it is more knows and popular).

Do you mean an ATM for Bitcoin? Or be a direct merchant for Bitcoin buyers? Well, once you make a business make sure you have enough money to take everything because it is not an easy one. Every businesses have their pros and cons so OP need to think something that is quite on the trend so he can easily grasp the market. Trend is your number one source to gather more people into your business, so I guess an exchange is a trend but it's just too many and you still need some reputation to be trusted.

verita1

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Congratulations, I hope it is a good adoption and that your country achieved the benefit expected with this measure.

I am going to see how it will be implemented in my country Venezuela in a few days, on June 1 when it starts in some goods and services stores that are indicated in this article. I also hope it will be beneficial to everyone.

https://cointelegraph.com/news/bitcoin-acceptance-skyrockets-in-venezuela-amid-hyperinflation-crisis

YAPEK

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there are many types of concepts of ico projects that have arisen in this industry. if you want to develop your own project then the best idea in this regard is about the ad system. This will attract the attention of investors and other large companies.

Findingnemo

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Bitcoin = Financial freedom

Mining may not be a profitable one to begin for now, you may have to wait too long to get your reap and also it needs huge investment.But I saw about maintaining DIY ATM in the past which doesn't need too much money to make a one and also profitable for small capital, you can try this if you are interested but before that you need to make sure it is allowed in your country.

ruku@AL

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I was thinking something for not very large budget, like exchange. The ATM support and license i think is something that can be done.
Also the service of selling accessories for crypto like wallets ect.

Does anyone know what are the requirement for building an large mining pool? Since Im already in the business of IT i would like to stay in the field!

ethereumhunter

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Quote from: billykannithi on May 29, 2020, 12:41:03 PM

You can become a merchant to exchange crypto - your fiat money to earn the profit. Or you can find a team to design a payment application to help people use crypto to buy something and earn money from fee or advertisement

Or he can become a seller which offer his services to people who want to buy and sell the crypto and the fiat. That will give you a chance to make money, and I think if you can promote in the local newspaper, you will have many people who want to buy and sell from you. Or you can build a course to help people to learn about crypto, and with some fee, that can help you to get additional income.

MCobian

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Of course the most profitable crypto business is making local exchanges. You will get a profit when the citizens of Albania want
convert cryptocurrency to fiat. Because the number of stores in your country is definitely a small number who receive payment
with cryptocurrency, even though your country has legalized cryptocurrency. Therefore it is very much needed local exchanges.

billykannithi

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You can become a merchant to exchange crypto - your fiat money to earn the profit. Or you can find a team to design a payment application to help people use crypto to buy something and earn money from fee or advertisement

SquallLeonhart

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If all of crypto currencies are becoming legal, that means you could have grounds to start an ICO that would be legally binding as well like a business. That means you could start an ICO with a built company and you would have headquarters there which would increase your trust rating by a lot.

The main reasons why people do not invest into ICO's all that much anymore is the fact that they do not trust those companies to actually do something. But, with you having legal grounds you could be a company. It means if you get millions of dollars in funding, you will not be able to scam anyone, if you do end up scamming anyone your headquarters and your name will be available for a lawsuit so you will not do it or you have to be an idiot to do it. Hence I think this could be a great idea for someone like you.

Topic: Crypto is becoming legal in my country! Any business idea? - page 3. (Read 1346 times)