Quote from: goldkingcoiner on November 26, 2021, 04:23:29 AM

Quote from: mk4 on November 26, 2021, 03:39:53 AM

Quote from: Zilon on November 25, 2021, 10:00:24 PM

I was just wondering don't you think becoming a retail vendor through a well developed exchange can earn you passive income or you haven't thought in that direction. Or could there be an untold/hidden mysteries behind setting up an exchange because we still need more exchanges so we can give crypto more boost beyond government regulations

I mean, literally any kind of business is an income-generating opportunity lol not only crypto platforms. But if you think it's "passive income", then nah. A lot of people are underestimating the amount of work needed to make a crypto related business to actually work. Like, securing your users' funds itself is going to be tough enough and will definitely keep you up at night, but then you also need to do typical business stuff like marketing and stuff.

Yeah, I am going to second that. Getting into crypto related business is hard because first, its still quite a new thing and second, you need years of experience to understand the depth of how everything related to crypto works. So only after you have obtained the knowledge that most people don't have, you can start gathering experience on how to add to that knowledge to create something that the crypto space needs. If you don't show that you bring something to the table, your just a crypto fan, not an expert.

And not only that, but by the time you acquire all of those skills many other business will appear which means that now you need to face an even more difficult path to become successful, this is similar to what happened to the first cryptocurrency casinos that found a lot of issues they needed to solve but that at the same time found themselves with almost no competition so it was easier to grow, now this is way more difficult as the industry is huge and in order to make a name for yourself the casino needs to offer a near flawless experience otherwise clients will move back to the casinos they have used for a long time.