Topic: Investing into Bitcoin businesses (Read 751 times)

i have invested into bitcoin businesses, directly and indirectly. the main lesson to learn before investing is to learn WHO your investing in.

many businesses can claim utopian dreams, or the next big product to revolutionise the world. but if you don't know the difference between a basement dwelling teentrepreneur sat infront a computer in his underpants... and a truly experienced business person who knows how to forfil on their proposals. then you should not be investing in people.

take the bitcoin island brain fart idea's that a few people have come up with.. they lay out a large investment cost to buy an island, and they tell you about the uptopian dreams of having library's courthouses, schools etc. but when asking about the persons own experience, you soon find out they have never layed a utility pipe or cable in their life, or a brick, or even a business plan.

the best investments are not those based on selling you a dream such as a private island. but selling you a reality such as a usable product for the whole community. this requires having a detailed business plan, costs not just of the basics. but EVERY aspect of the project, right down to the nuts and bolts costs.

i ask for ACTUAL address/ID information, and if travel is only a few % cost of the investment request they ask for, then i have and would travel to meet them.

even a skype call to see their so called office/working space can make the difference of buying in or not.

Tough business Bitcoin business is. Having been involved in various projects, such as BitcoinATM and Gold Silver Bitcoin, I would say that it is a tough business environment out there, especially for banking alternatives! Personally, I would invest in products with more appeal to greater amounts of people. With that said, I do have stake in a couple BTC businesses so that is perhaps why i am looking to diversify.

Hey I am curious did anyone in the community ever invest into Bitcoin businesses, would you? Seems to me that the vast majority of them were (to say the least) disingenuous, did anyone buy into BFL? Any tips?