Topic: How can I start a business that offers crypto services? - page 5. (Read 1161 times)
You can start your business with cryptocurrency by looking which one best and potential altcoin for investing, always check how solid team have by an ICOs or IEO project platform.
No people would handled out funds if they cant see any benefits and the main question is,how they can trust you?
Getting that big loan sounds too easy but acquiring it would really be hard if you don't have any assurance on the amount
you plan to loan.
Getting that big loan sounds too easy but acquiring it would really be hard if you don't have any assurance on the amount
you plan to loan.
Yes, it will just turned out to be networking scheme. Investing or loans and that money you'll gonna collect from the investors will be used for crypto investing. Sounds not good. To tell you the truth, there are some businesses in our area who looks exactly like your proposal business. It did not turned out so well, the moment the market went down and continuously go down. It is hard to recover and how can you pay them?
An investor do not want to invest into business like yours without assurance such as contracts. Drop the idea, the crypto market is volatile and it's hard to compensate for the losses if ever.
What would the process look like?
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
No.
And over complicated for more reasons than words in your post.
First, you can't get a loan just because you have a business, nobody will give you anything if they don't have a reason to believe you will pay back. So a business a new business with zero customers, zero assets, no employees, no history will be kicked out even before they hear your marvelous plan is to buy bitcoins and hold!!!
Second, that's not a business, you are just playing to get money to buy coins and hope to get some morons to give you more coins instead of keeping them in their wallet.
But, unlike others, I will give you advice on how to make this work.
Start an ICO! I've seen worse ones getting funded.
Let's pretend that I have a great idea to sell as a service. It is a crypto-related service.
What if I found an angel investor who believes in my project? and I hit the jackpot. They just gave me $1MM. What is next?
What if I found an angel investor who believes in my project? and I hit the jackpot. They just gave me $1MM. What is next?
Try to avoid landing in prison, that would be the plan!
in order to start a business which offers crypto services u need to have pos machine or crypto merchant application link in ur offline or online store
What would the process look like?
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
So you don't need to open a business with a hold goal. You can hold it on cold wallet. When you open a business, you can't solve your lack of capital.If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
You should only borrow money from someone close to you, because you still don't have enough experience to play big in the crypto market.
Be careful and restrain greed before it leads you to debt.
What would the process look like?
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
I doubt you can get a loan if your business is full of crypto services I mean you must go on the legal process and a lot of documents before your loan will be granted or soon to be declined. You can also do a personal loan and again there's a lot of requirements for that. I do suggest to look for a rich friend who can offer you a big loan with small interest or zero at all, luckily I have my friend who have a business like this where I can get money if I badly needed it just make sure you remain your name clean and free from any unpaid loans. If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
Let's pretend that I have a great idea to sell as a service. It is a crypto-related service.
What if I found an angel investor who believes in my project? and I hit the jackpot. They just gave me $1MM. What is next?
What if I found an angel investor who believes in my project? and I hit the jackpot. They just gave me $1MM. What is next?
Ideally, you set up shop in a jurisdiction that would be friendly toward crypto businesses. There should be a list with pros and cons out there somewhere. They should assist you on how to get started, as the process is different for every country. You should be able to proceed with offering your service after that. The process shouldn't be too different from setting up a typical business.
If you're looking for specifics, there are lots of businesses here to learn from. They create announcement threads, set up a website and maybe a white paper, possibly advertise, etc. Just be careful in picking one to emulate, since not all of them are set up to make an honest living.
What would the process look like?
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
It is a bad idea to start a business with a large loan. Loans incur large interests while your business is just beginning. Normally, businesses suffer losses on the first six months before it can become profitable. That is six months without income while your loan gets larger. The worse is, you intend to put the loan in a crypto or coin. Bitcoin and altcoins are volatile. Without assurance that it will grow in a few months, you are potentially building a big debt on your name. This can put you in bankruptcy. You have to put this in mind and balance your risk before you commit in this venture.
What if I found an angel investor who believes in my project? and I hit the jackpot. They just gave me $1MM. What is next?
Create a contract, get permit, all necessary details, shares, etc. just like the usual contract that companies give to their shareholders. Is that still same idea that you have indicated on your first post?If that angel investor isn't aware of crypto, you should explain to him the risk. I think that will be like 'his money and your decision of coins to buy'. And if I'm that kind investor who will be enlightened with your idea, it's best for me to use my money alone rather than let someone use and invest it.
Let's pretend that I have a great idea to sell as a service. It is a crypto-related service.
What if I found an angel investor who believes in my project? and I hit the jackpot. They just gave me $1MM. What is next?
What if I found an angel investor who believes in my project? and I hit the jackpot. They just gave me $1MM. What is next?
Electronic money is not fully accepted and you cannot
Not on my place, i think it will depend on the regulations on your place. There’s a lot of businesses here who accepts bitcoin and it works well. If you want to transact with the banks and have loans then you must have already a established business whether you accept cryptos or not it must be registered business.
Electronic money is not fully accepted and you cannot
What would the process look like?
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
No bank is giving you a business loan so you can make high-risk investments.
What you're talking about is essentially a hedge fund. You can dodge most SEC requirements by soliciting investments only from accredited investors. But if you've got no track record investing (like on Wall Street) and you have no capital of your own to invest, you'll have a hard time convincing anyone else to put in money.
Well not exactly , collecting money requires a pretty long process , you should understand that you need prior long time to make a good return investment .
People will only invest if they find something is profitable for them , thus you need to make sure it is profitable for both of the parties, and to do this you actually need to invest a lot of time and money yourself.
You also need to register this business , without registration it is not something that would actually be trustable.
It's not as simple as that , a good business requires a lot of time and investment and ofc brains.
People will only invest if they find something is profitable for them , thus you need to make sure it is profitable for both of the parties, and to do this you actually need to invest a lot of time and money yourself.
You also need to register this business , without registration it is not something that would actually be trustable.
It's not as simple as that , a good business requires a lot of time and investment and ofc brains.
Hmm! I don’t know who would want to give such loan. Ok, imagine you were able to collect the loan, when do you intend to pay back? How big is the risk involved in collecting such loan? Have you made your analysis to determine whether those coins you want to invest in will soar high or not? These are some of the question you will have to ask yourself first before venturing into such business. Your idea looks promising based on your expectation but it is a huge risk. Are you ready to take that risk?
Well, dude! that's what too much risk if you gonna do that. If someone has to lend you without collateral with a big amount of money then, that is good for you. Even government bank did not allow people to lend a big amount unless if you have collateral of real property state that has a big value that you wanted to lend. Indeed, business related to crypto is unpredictable and very risky business. You don't know what will happen next to the market but if you are high-risk taker it might also give you success.
What would the process look like?
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
No bank or business will give you a loan,if you say to them that you are going to buy cryptocurrencies.
This is considered extremely risky and most most banks aren't crypto friendly at all.
You will have to provide some big collateral with a stable price,like real estate.If you want a giant loan,you will need giant real estate properties.
What would the process look like?
If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
Crypto bussness are really hard to run and to make as this market is quite unpredictable and you are putting your whole business on it, it will be tied to how the market flows, ok so lets say you get the loan and you buy a bunch of coins and people get in with you, and than the market fails and things don't go as planned, people would still expect you to pay them where you would get the money from, there are a lot of things involved into it that needs a lot of studying between what coins to invest and a bunch of analysis, and to get a loan for these kind of business is hard. If I registered a business name and then got some business loans to buy more coin. It would be a HODL business. Or a boutique crypto investment firm. I just want that loan to buy and hold onto a bunch of coin and watch it soar. There would eventually be a legit service to offer through the business but at first I just want a giant loan to buy a bunch of bitcoin.
Sound idea? Yes or no
No people would handled out funds if they cant see any benefits and the main question is,how they can trust you?
Getting that big loan sounds too easy but acquiring it would really be hard if you don't have any assurance on the amount
you plan to loan.
Getting that big loan sounds too easy but acquiring it would really be hard if you don't have any assurance on the amount
you plan to loan.
So all you want to do is to create a 'business investment', where you collect money from people(?) and make a profit from it(?) ok so how do you plan to generate revenue to provide payment interests to the client? Especially if you only hold the bitcoins. Because the money doesn't grow on tree but Bitcoin too
And all this starting with a loan you took to start? Good luck to find a "Giant loan" to buy bitcoins but better you do nothing honestly
And all this starting with a loan you took to start? Good luck to find a "Giant loan" to buy bitcoins but better you do nothing honestly
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