Ninjastic
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Board Trading Discussion
Re: If You Had 20Bitcoin To Trade With...
by
Herbert2020
on 21/08/2016, 07:48:23 UTC
Quote from: poplolnman on August 21, 2016, 07:21:49 AM
Quote from: SmartIphone on August 20, 2016, 02:40:32 PM
Quote from: Mzie on August 04, 2016, 01:07:01 PM
What would be your ultimate strategy to trade safely with 20BTC, cashing in a minimum of 1BTC a day. Also what would be the altcoin of your choice to trade in?

Earning 1BTC a day? Create an exchange, lists most of the altcoins and see if people trade up to 500BTC a day and with a 0.2% fee you earn 1BTC every day Smiley
Otherwise trading bitcoin to fiat or to altcoins still needs time to reach 1BTC but not within a day.
aaand 20 bitcoin to build an exchange aren't enough at all , it might enough for security service only. and build an exchange aren't as easy as you say. a lot of things must be set up and the most important are the initial capital you need are more than 20bitcoin.

the cost of design+security+hosting and all those initial stuff is not that high for a bran new exchange service and also as for the initial capital it is a lot better to start with a much bigger investment but you can always take partners and investors and people are not going to trade 100BTC in the first day/week/or even month of the exchange creation so you won't need that much to be able to support it.