If someone were to start a bitcoin business, what is the best road to take?

I have had quite a few people ask me about various business ventures they could start that allowed them to earn bitcoin in some way or another. Most of them are aware of the only thing which is *trading* and it can quite risky if you do not know what you are doing.

Apart from these, I have complied some other ideas that I see quite a lot in the crypto space, thought I’d share them here and help out any budding entrepreneurs looking to get into the bitcoin ecosystem;

**#1 Mining:** Backbone of proof of work coins, mining will remain active as long as the coin is active. But, bitcoin mining is highly monopolized by big corporations and requires a significant investment to create a profitable business. Do explore altcoins here.

**#2 Crypto Exchange**: The second most popular business venture in the crypto space is an exchange, which allows users to buy, sell, trade, coins. The majority of the world is still inaccessible to crypto and there is definitely scope in this type of company. Plus, it will take some power away from highly monopolized exchanges that currently run the market.

**# 3 Bitcoin Course:** A simple, easy venture that can be started with just a laptop, courses are a great way to spread knowledge as well as create a passive income stream.

**#4 Game:** Gaming is the hot topic right now and only increase in the future, creating a blockchain-based game can be highly successful.

**#5 eCommerce Site:** Selling products/services for bitcoin is as basic as it gets when it comes to commerce. Bitcoin-accepting businesses are increasing as people are more open to crypto now. If you have a product to sell then don’t hesitate to accept bitcoin for it.

**#6 Something Unique:** The bitcoin market is fairly new and it is not even close to its full potential yet. You can always create something completely new and unique and wow the market.


If there are any more ideas that will help entrepreneurs feel free to share…


*Source:* [*Blockonomics – Top Cryptocurrency Business Ideas*](

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  1. Start with mining as it’s quite passive and simple to start with £10,000 and requires basic computer skills.

    Then try to find a solution in your community/area with bitcoin a byproduct of your solution.

    I’ve been mining for a year, still searching for a renewable energy source

What do you think?

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