How do i realize my dream - page 2. | Bitcointalksearch.org

robelneo

legendary

Activity: 3416

Merit: 1225

Quote from: joe50 on August 04, 2019, 05:01:12 PM

Since I joined crypto world 2016, my dream is to own an exchange where people worldwide will trade cryptos.

I have made several research on how to own an exchange, but the stress, programming, management, time and finance involved in getting and running a good exchange is damn too high.

Am just a HTML programmer and no idea on blockchain programming.
Finance is number one issue, many good exchange script seller out there cost nothing less than $30k + setup fee including API key functionality.

I have contacted some friends to invest but non interested as they all have no clue about cryptocurrency.

Am saving some cash but it might take 2-3 years to have the fund raised.
Now, if eventually am able to get the fund to start an exchange in the next 2-3 years, will it be profitable or i should forget it?

Some will say why i want to own an exchange? Anyway, i see it as a cool business, listening and trading fee are the attractiveness i see in it.

Exchanges so far are one of the most lucrative businesses in the Cryptocurrency business, we have now over 200 exchanges and many more coming in and possibly including yours, you need a lot of funds like millions of dollars because you are competing with an exchange with millions of dollars of allocation, so do not think twice think thrice.

masterrex

full member

Activity: 1820

Merit: 107

Quote from: joe50 on August 04, 2019, 05:01:12 PM

Since I joined crypto world 2016, my dream is to own an exchange where people worldwide will trade cryptos.

I have made several research on how to own an exchange, but the stress, programming, management, time and finance involved in getting and running a good exchange is damn too high.

Am just a HTML programmer and no idea on blockchain programming.
Finance is number one issue, many good exchange script seller out there cost nothing less than $30k + setup fee including API key functionality.

I have contacted some friends to invest but non interested as they all have no clue about cryptocurrency.

Am saving some cash but it might take 2-3 years to have the fund raised.
Now, if eventually am able to get the fund to start an exchange in the next 2-3 years, will it be profitable or i should forget it?

Some will say why i want to own an exchange? Anyway, i see it as a cool business, listening and trading fee are the attractiveness i see in it.

If you already made that exchange platform in this particular year 2016-2017 maybe your exchange platform today was among one of the top crypto-exchange performer. Since most of the exchange platform that created in that particular year was already established and thriving today. But if you wish to create a crypto-exchange today i dont think it was a good idea since the crypto- space was already change a lot and it was very competitive yet unpredictable, I didnt mean to discourage your dream about creating and exchange but you must also consider the reality today thats why if you have a guts, resources and innovation will wish you good luck.

jazmuzika217

member

Activity: 476

Merit: 12

Do you think this is feasible? To make your own coin? I am not against to your dream but I think it is hard to follow the right process for a successful coin investment. The first problem that you may encounter is marketing. All we know that it is the hard part of building your own coin or project, you need to please people to believe your project feature and it is too hard to do.

joe50

member

Activity: 117

Merit: 63

Quote from: coin-investor on August 04, 2019, 08:32:24 PM

Quote from: joe50 on August 04, 2019, 05:01:12 PM

Since I joined crypto world 2016, my dream is to own an exchange where people worldwide will trade cryptos.

I have made several research on how to own an exchange, but the stress, programming, management, time and finance involved in getting and running a good exchange is damn too high.

Am just a HTML programmer and no idea on blockchain programming.
Finance is number one issue, many good exchange script seller out there cost nothing less than $30k + setup fee including API key functionality.

I have contacted some friends to invest but non interested as they all have no clue about cryptocurrency.

Am saving some cash but it might take 2-3 years to have the fund raised.
Now, if eventually am able to get the fund to start an exchange in the next 2-3 years, will it be profitable or i should forget it?

Some will say why i want to own an exchange? Anyway, i see it as a cool business, listening and trading fee are the attractiveness i see in it.

The first thing that you need to do is to study the competition, there are people here who are more knowledgeable than you and those who already have a working team, and those just got funded from ICO, that cannot deal with competition.

Just check out Lbx, Becent Bitmillex, Weidex TronX these exchanged based ICO have funds to set up a good exchange but the competition is making them hard to progress, you are up against multi-million dollar companies.

I do not discourage you to set up one or give up your dream, but you need to study the competition first, assemble a good team that is capable of making your dream a reality and find something or unique concept that can attract traders and investors, there's a huge money to be made in the exchange business, but the first step to get in is very hard.

True talk, competition is the major problem faced by exchange. Setup is easy on one hand, advertising and competition another one to face. Thank you.

joe50

member

Activity: 117

Merit: 63

Quote from: fortunecrypto on August 04, 2019, 10:51:18 PM

So far we already have 233 exchanges in the market and still counting, many more are coming https://coinmarketcap.com/rankings/exchanges/3

Cryptocurrency Exchange is such a huge business, some of these exchanges have prior experiences from setting or running an exchange from other industry like Forex, I don't discourage you but unless you can assemble a great team and you have huge funds to spend, don't set up yet.

Thank you for your comment, me while, how do i get good team and beside will they contribute financially or looking for what they will put in their pocket?

joe50

member

Activity: 117

Merit: 63

Quote from: TheICE007 on August 05, 2019, 12:14:38 AM

Never give up on your dream, it's a good one, but make sure your country permits, then look for some crypto enthusiast to partner with you, but before then, keep learn how to be successful as an Exchange owner, know all what it takes.

Yes, off course before opening the exchange, i have to apply for licence. thank you.

joe50

member

Activity: 117

Merit: 63

Quote from: ?? on ??

The first thing you have to underline is, you must have permission for all countries in the world to access the exchange that you are going to make. if it is successful and all countries can access and trade crypto in your exchange, your job is to make security and protect your exchange so that fraud and hackers do not occur as has happened in some new exchanges, moreover your target is to cover all countries.

at bolded, really? have permission for all countries? do you mean i have to consult each country for permission? i don't get it.

TheICE007

full member

Activity: 646

Merit: 100

tozex.io

Never give up on your dream, it's a good one, but make sure your country permits, then look for some crypto enthusiast to partner with you, but before then, keep learn how to be successful as an Exchange owner, know all what it takes.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

So far we already have 233 exchanges in the market and still counting, many more are coming https://coinmarketcap.com/rankings/exchanges/3

Cryptocurrency Exchange is such a huge business, some of these exchanges have prior experiences from setting or running an exchange from other industry like Forex, I don't discourage you but unless you can assemble a great team and you have huge funds to spend, don't set up yet.

Text

hero member

Activity: 2464

Merit: 594

No one can stop you from chasing your dreams if you really have the willingness and determination to achieve it. But we should know that failure is not the opposite of success, its a part of it. So we may fall down but we must continue. Yeah, there are difficulties at some point and you know you don't have the source or capabilities needed to build an exchange. But there are references and guidance, also the members here can offer a help. You can do it.

coin-investor

hero member

Activity: 2996

Merit: 598

Leading Crypto Sports Betting & Casino Platform

Quote from: joe50 on August 04, 2019, 05:01:12 PM

Since I joined crypto world 2016, my dream is to own an exchange where people worldwide will trade cryptos.

I have made several research on how to own an exchange, but the stress, programming, management, time and finance involved in getting and running a good exchange is damn too high.

Am just a HTML programmer and no idea on blockchain programming.
Finance is number one issue, many good exchange script seller out there cost nothing less than $30k + setup fee including API key functionality.

I have contacted some friends to invest but non interested as they all have no clue about cryptocurrency.

Am saving some cash but it might take 2-3 years to have the fund raised.
Now, if eventually am able to get the fund to start an exchange in the next 2-3 years, will it be profitable or i should forget it?

Some will say why i want to own an exchange? Anyway, i see it as a cool business, listening and trading fee are the attractiveness i see in it.

The first thing that you need to do is to study the competition, there are people here who are more knowledgeable than you and those who already have a working team, and those just got funded from ICO, that cannot deal with competition.

Just check out Lbx, Becent Bitmillex, Weidex TronX these exchanged based ICO have funds to set up a good exchange but the competition is making them hard to progress, you are up against multi-million dollar companies.

I do not discourage you to set up one or give up your dream, but you need to study the competition first, assemble a good team that is capable of making your dream a reality and find something or unique concept that can attract traders and investors, there's a huge money to be made in the exchange business, but the first step to get in is very hard.

meanwords

full member

Activity: 1624

Merit: 163

Have you considered everything except that it's a cool business and might profit from it? I mean you can create an exchange so easily but why was a lot of exchange failed even if they have the fund to begin with? It's just that they are lacking something that should have been there from the start which is the support of a community and the promotion that they needed to succeed. You should look into that.

Tipstar

sr. member

Activity: 1932

Merit: 300

Vave.com - Crypto Casino

Quote from: joe50 on August 04, 2019, 05:01:12 PM

Since I joined crypto world 2016, my dream is to own an exchange where people worldwide will trade cryptos.

I have made several research on how to own an exchange, but the stress, programming, management, time and finance involved in getting and running a good exchange is damn too high.

Am just a HTML programmer and no idea on blockchain programming.
Finance is number one issue, many good exchange script seller out there cost nothing less than $30k + setup fee including API key functionality.

I have contacted some friends to invest but non interested as they all have no clue about cryptocurrency.

Am saving some cash but it might take 2-3 years to have the fund raised.
Now, if eventually am able to get the fund to start an exchange in the next 2-3 years, will it be profitable or i should forget it?

Some will say why i want to own an exchange? Anyway, i see it as a cool business, listening and trading fee are the attractiveness i see in it.

Creating an exchange site is not a big deal if you are really into it. You'll get almost every information to start the exchange from scratch.
If you are hoping to buy a exchange script with your years of saving to make a profit, than you'll fail.
The promotion of an exchange and retaining a decent volume is a much more tedious task than setting up one.

patz22

full member

Activity: 1176

Merit: 104

Why not find someone who can be your partner or partners right? I mean, you are on the right place this forum has the most experienced people when it comes to everything about crpyto, you have to try and make things. Nothing should stop you from chasing your dreams. If you are good in something you should prove it and in that way you can gain financer.

letyouearn

legendary

Activity: 1722

Merit: 1014

You should try, what stops you? You have two ways how to do that in fact. First - learn how to do it by yourself and begin to practice. Second - find someone who will help you to kickstart this.

joe50

member

Activity: 117

Merit: 63

Since I joined crypto world 2016, my dream is to own an exchange where people worldwide will trade cryptos.

I have made several research on how to own an exchange, but the stress, programming, management, time and finance involved in getting and running a good exchange is damn too high.

Am just a HTML programmer and no idea on blockchain programming.
Finance is number one issue, many good exchange script seller out there cost nothing less than $30k + setup fee including API key functionality.

I have contacted some friends to invest but non interested as they all have no clue about cryptocurrency.

Am saving some cash but it might take 2-3 years to have the fund raised.
Now, if eventually am able to get the fund to start an exchange in the next 2-3 years, will it be profitable or i should forget it?

Some will say why i want to own an exchange? Anyway, i see it as a cool business, listening and trading fee are the attractiveness i see in it.

Topic: How do i realize my dream - page 2. (Read 387 times)