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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

How to Start a Bitcoin Business

newsbtc
newsbtc
4 years ago
2 mins read
how to start a bitcoin business newsbtc

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There have been several bitcoin business ideas setting up shop these days, and some have went on to expand their operations while others haven’t lasted for long. What’s the secret to starting a sustainable bitcoin business?

In the Inside Bitcoins conference in New York, bitcoin business owners and venture capitalists have provided some helpful tips on how to start a bitcoin business and make sure that it stays up and running.

Bitcoin Business Advice

“The opportunity in bitcoin is so high,” said Digital Currency Group founder Barry Silbert. “I believe bitcoin has the potential to perform well in both good and bad times.”

“I think everyone should pay close attention to what’s happening here,” said BitGive Foundation founder Connie Gallippi. “Why? Because I think it’s gonna change everything.”

However, Silbert also notes that not everyone should set out to build a bitcoin business per se. He emphasizes that entrepreneurs should first evaluate what kind of tools they have in order to build that business idea. He pointed out that the financial industry, which spends billions of dollars for middlemen and intermediaries, offers a good potential for entrepreneurs to take out some of the market share.

Jonathan Chester of Bitwage adds that there could be a lot of disruption coming in the payments arena, as he mentioned that the last innovation introduced was that of credit cards. He recommended that entrepreneurs take a look at this potential explosion in innovation involving bitcoin payments.

Meanwhile, Gallippi stressed the increased need for technical developers in the bitcoin business space. She added that there’s a lot of potential growth for the untapped unconventional roles in the bitcoin industry, such as that of charity or arts. BitGive Foundation has been involved with processing donations for various charitable institutions, ensuring that zero to no transaction costs are incurred and the funds are completely handed over to those in need.

 

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Comments 3

  1. Business Girl says:
    10 years ago

    I wonder what virtual products Bitcoin can buy aside from physical products? It would be cool if you could buy online games with Bitcoins or something like that.

    Reply
  2. Firdos says:
    8 years ago

    Hello, Many Many please,users and admin please don’t ban me may be someone will read this post and will help, i think we must help children who need our help.
    .Hello.This message not same as that messages which we recieve everday by email.God see i am not lie. I know i disturb you, but i write to many people, my friend daughter 3 years old,She is ill ( heart disease) for hospital need more than 10 000 ud in Germany, thats why i ask too many people, and also if you wish to give new life to her you can help 1 usd or more. God see i am not lier i only look for honest peoples to help her. i write from Azerbaijan if my Englih not ok sorry…Everyday we spend for sigarete 5-10 usd, Lets try to be a little benevolent and help to her how much we can,if you read this message and cant help her pleae share to your friends also and pray for her. IF some one interested can contact with me i will give all hospital analysis and her photo by whatsapp or email adress.I want note i am 36 yeras old i ma not looking for that 1 usd-5 ud for my self.I wish we will help to her. If you wish help you can transfer your help to this bitcoin adress 1MZeQTZaQYmwL41wUhyTxyrUAgob4RSQhJ or Payeer adress P60839359 Thanks a lot…

    Reply
  3. Peter Simmons says:
    8 years ago

    We are considering launching a company in Ethereum because they are set up to do that. Is Bitcoin set up with contracts etc.?

    Reply

Leave a Reply Cancel reply

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Comments 3

  1. Business Girl says:
    10 years ago

    I wonder what virtual products Bitcoin can buy aside from physical products? It would be cool if you could buy online games with Bitcoins or something like that.

    Reply
  2. Firdos says:
    8 years ago

    Hello, Many Many please,users and admin please don’t ban me may be someone will read this post and will help, i think we must help children who need our help.
    .Hello.This message not same as that messages which we recieve everday by email.God see i am not lie. I know i disturb you, but i write to many people, my friend daughter 3 years old,She is ill ( heart disease) for hospital need more than 10 000 ud in Germany, thats why i ask too many people, and also if you wish to give new life to her you can help 1 usd or more. God see i am not lier i only look for honest peoples to help her. i write from Azerbaijan if my Englih not ok sorry…Everyday we spend for sigarete 5-10 usd, Lets try to be a little benevolent and help to her how much we can,if you read this message and cant help her pleae share to your friends also and pray for her. IF some one interested can contact with me i will give all hospital analysis and her photo by whatsapp or email adress.I want note i am 36 yeras old i ma not looking for that 1 usd-5 ud for my self.I wish we will help to her. If you wish help you can transfer your help to this bitcoin adress 1MZeQTZaQYmwL41wUhyTxyrUAgob4RSQhJ or Payeer adress P60839359 Thanks a lot…

    Reply
  3. Peter Simmons says:
    8 years ago

    We are considering launching a company in Ethereum because they are set up to do that. Is Bitcoin set up with contracts etc.?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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