Also it has been brought to my attention from one of the comments that I should be asking for at least 100 Bitcoin to get this started because it will be needed for bankroll and stuff. I honestly didn't think I would need that much but if that's the case I will need to ask for 100 Bitcoin to get the casino started because I must have underestimated the amount needed for bankroll and everything. And I am glad that it was brought to my attention before I started getting investments because then I would have had to ask for more later on and I don't want to put my investors in that situation where they have to invest more than what they were told they had to invest. So I will edit my initial post about the amount of Bitcoin needed to 100 Bitcoin.
Technically, 100 is on the low side of things. Assuming you go with the average Kelly risk ratio, you'd be looking at a 1 BTC max. win. This is fairly small, though it's not necessarily going to make or break the site as long as it grows. That said, you have to account for marketing expenses and everything else as well. Your previous post was a step in the right direction. The next is... do you have a business plan mapped out already? If so, that's something you should be sharing with interested parties. Technically, a couple of us in the thread are already deeply involved in this sector so we already know most of what you'll be putting in there, but this helps us see that you understand what you're getting into as well (and for those who AREN'T knowledgeable about the sector, it ensures they understand it). |
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You have a nice site. I will like to promote it in my signature but I want to know that how much will you pay to me If I will promote your banner in my signature?
Thank you! Currently we do not have a fixed rate signature campaign. You can use the referral link we provide on our settings tab to earn with the banner/signature. If you want an efficient promotion for your site then you need to start a fixed rate signature campaign as the members do not want to wear signature for varying payment. It will be more better for your casino that you start that. You must be not knowing how much they earn from the app, it is not good for them to run a signature campaign while they only earn small amount of btc. So it would not be efficient for them to run sign campaign. They offers so many promotions like jackpot and weekly leaderboard, I think that is enough for promotional purpose. But if they only earn a bit why they keep giving payout for each week? Better to do some campaign and a little bit event rather than huge event with no campaign at all. Because in campaign every people will see, more over if your signature is really eye catching, people will attract to it and try the site Every people indeed will see the signature but that's not a guarantee that they will play on the site. Promotion like leaderboard and jackpot will force people to play, because without playing they will never win on the promotion. Just my opinion though, I believe they knows better on what is the best for their financial condition. It's also worth noting that many of us have signatures disabled. I, for example, never see any of them. And their efficiency is almost nil in most cases. |
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Is there a phone number attached to these? I saw you say that there's no warranty if you try to call out from it, but one worry would be someone miscalling that number (it happens at least 2x a week on my personal phone -- wrong numbers).
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Well the whole purpose was for this to not be an actual investment of the business for investors but more of a loan because like I said I would be buying back the investment once I get the money to do so. And the investors would receive their money back plus like 5-10 percent plus the 50% of the business until I can buy it back. So its not a question of what am I bringing to the table that's worth 50 Bitcoin because it's more of just a loan.
There is a big difference between an equity investment and a loan. Perhaps you should post in the lending section instead. In any case you are almost certainly wasting your time. A reasonable investor does not loan anonymous persons $10,000僕et alone $30,000吠n unseizable currency. The bigger issue here is that even structured as a "loan," this is a horrible deal. Again, investors front 100% of the risk for a small portion of the profit. And if someone came to him to buy the site, he'd owe you absolutely nothing, getting 100% for himself. It's just a really bad idea: his knowledge of the sector isn't nearly enough to warrant such a high risk with low rewards. If he had many highly successful sites in his portfolio that he built up, it would be different. But he doesn't. As such, most of us who WOULD possibly be interested would absolutely have to get equity, and with that would come some control over its direction. Okay i understand your concerns so I will offer 50% of the profits and 50% equity to the investors which will be divided out between the investors equally according to their size of investment. But i do want the option to buy back the profits sharing/equity from the investors eventually without the hassle of the investors not wanting to sell, thats the only problem i have is i dont want to not be able to buy back the rest of the business. So if the investors can agree that no matter how big and successful the casino may get i will be able to buy it back according to the value of the share of the business at the time i am able to buy the shares back then i will be fine with giving up half of the equity for now. If you have any other concerns please feel free to comment them below so i can address them as soon as possible. Thank you. You seem to want the best of both worlds.. Investor takes all the risk and you take all the potential (forced buybacks). 50 BTC also would not be enough to get this going (by the way), you really should have at minimum 100 BTC set aside for a bankroll or its not even worth attempting. This. You're in a new business that you're not already deeply connected with and involved with. You're asking us to invest and limit our profit -- investing is a risk vs. reward situation. This is a high-risk situation no matter WHAT you offer -- even if you offered up 100% of the equity AND profit to investors. As a result, you have to offer up the high-reward side of it as well or nobody is going to bite. When you ask us to limit our reward when we take the ENTIRE risk, that's just asinine. The entire point of even considering an investment would be to watch the site grow and reap the rewards. |
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Just learning about this. Why is the buyback for October 3rd (13 days ago) not complete yet? And why does the rolling calculator not update? Still shows "Will be used in next OBITS BuyBack (September 3, 2016): 50,925 BTS + 0.06 BTC"
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What is the marketing plan for it? I like the idea of being able to pay for a VPS using it, but there are two issues: 1) no information on how you plan to market it/who is accepting this for services and 2) PoS rate is wayyyyy high.
All the service will be hosted on our partner servers that we already have, and there is always space for new ones if needed. Pos is set high to encourage people to hold coins - coin value will be set by the market Interesting. So you will be the ones (through your partner) offering the VPSs? What about the web dev.? |
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What is the marketing plan for it? I like the idea of being able to pay for a VPS using it, but there are two issues: 1) no information on how you plan to market it/who is accepting this for services and 2) PoS rate is wayyyyy high.
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Guys I would like to warn you poswallet.com has an issue I send 10000 vty to my friend it shows confirm on my wallet and on explorer but not on his poswallet,have sent pm to support but no answer and it's been 24 hours.
I had the same issue with other coins. It took about 3-4 days for my first response. They had an issue with their internal blockchain. This is not good many investors put their coins here,because they trust the admin of the site,unfortunately I cannot find a thread about poswallet.com here but they have a twitter account,last update was the 12th of october.. Yeah, only way I found to contact them is via their ticketing system. I also reported an issue with their staking of a coin and they blew me off, despite the creator himself even saying they were doing it improperly. I wish they'd take their site more seriously. Especially since we pay somewhat hefty fees to use them. |
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What is the plan for distribution of this coin?
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Guys I would like to warn you poswallet.com has an issue I send 10000 vty to my friend it shows confirm on my wallet and on explorer but not on his poswallet,have sent pm to support but no answer and it's been 24 hours.
I had the same issue with other coins. It took about 3-4 days for my first response. They had an issue with their internal blockchain. |
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Well the whole purpose was for this to not be an actual investment of the business for investors but more of a loan because like I said I would be buying back the investment once I get the money to do so. And the investors would receive their money back plus like 5-10 percent plus the 50% of the business until I can buy it back. So its not a question of what am I bringing to the table that's worth 50 Bitcoin because it's more of just a loan.
There is a big difference between an equity investment and a loan. Perhaps you should post in the lending section instead. In any case you are almost certainly wasting your time. A reasonable investor does not loan anonymous persons $10,000僕et alone $30,000吠n unseizable currency. The bigger issue here is that even structured as a "loan," this is a horrible deal. Again, investors front 100% of the risk for a small portion of the profit. And if someone came to him to buy the site, he'd owe you absolutely nothing, getting 100% for himself. It's just a really bad idea: his knowledge of the sector isn't nearly enough to warrant such a high risk with low rewards. If he had many highly successful sites in his portfolio that he built up, it would be different. But he doesn't. As such, most of us who WOULD possibly be interested would absolutely have to get equity, and with that would come some control over its direction. |
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Q3 2016
Q3 Revenue -11.79 btc
Q3 Expenses -19.29 btc
覧覧覧覧覧覧
Q2 Profit (Loss) (-31.08) btc
You've done a good job at keeping expenses down, well done. But as potential investor, I wonder how much runway you guys still have left? Do you release cash on hand information, or something? - SEO remains are biggest area of opportunity. We are working very closely with the firm responsible for this; and while we have seen a drop in rankings across the board, the firm has reassured us this is expected and we should start to realize our investments in the December 2016 timeframe.
I would be really careful about this. Looking at majestic.com/ahrefs.com report, it seems like they're just shoveling a lot of low quality spam backlinks at you. You're throwing a lot of money at them for this (average ~$1k/month?), and it has a huge potential to backfire (google isn't as stupid as it used to be) or produce no results. If that happens, you have the mess to clean up and they will still have your money. FWIW I don't think SEO is that important in this industry -- I mean, my casino done ~42.5k BTC volume in the last 30 days with virtually zero traffic from search engines (except direct matches on "bustabit" or the like). Although, perhaps I'm missing out from the fountains of free money, but if I was in your situation, I'd be focusing a lot more on design and differentiation.  They are absolutely wasting their money with their "SEO" firms. It's been the same with the previous ones, as well. None of them have really shown any effect, and if they knew what they were doing, CBTC would be way up there in the SERPs already. As far as I can tell, they're using automated/blackhat methods to try and earn money while doing as little as possible. Which is not only the wrong approach due to sandboxing, but it's the worst way to climb in the rankings regardless. |
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I figured you guys would click through to my other forum post, I'm looking for $430, but I am negotiable since this is my first posting here.
Most people won't because reputation elsewhere has zero value here. This is a different community, with different rules. Welcome to cryptos,  . |
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Tagging in case I go with NFLX again at some point, but "lifetime" doesn't mean a ton around here. People come and go, and it's only lifetime when you're still around.
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If you're looking for investors, you're taking the very wrong approach. If you're not, then I have no idea what the thread is even for.
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This looks interesting, to say the least. If you happen to do a vouch copy/device here, definitely hit me up, . I'd love to evaluate it first-hand and give a review. |
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Confirming that the script was sent to me. So, after analyzing it, my findings:
1) It is definitely a different way to handle betting, and he's correct in stating that it is not a martingale script (can't go into a lot of detail but essentially it's a pattern-based script).
but
2) It does not satisfy the requirement of being +EV.
That said, it isn't to say that it won't make a profit.
Nice to know that this is a different strategy entirely but your review is not enough for someone to commit his/her funds, do you mind taking some time to play some bets and let us see the outcome ? It's not a +EV script, so placing bets won't do any good to show the long-term viability. I've found a strategy that worked for 2.5 straight months, building up by 40x the original bankroll over that period before it busted. If your strategy is -EV, you're going to eventually lose. This is mathematically guaranteed. In a direct statement you mean that this system might make profit but the player will loose all his/her funds at the end of the game. Thank you for your review. Correct. That said, it MAY be better than whatever strategy people are currently using (which would be hard to dictate). If it is, it would have value from that alone. But anything that is -EV is -EV. No trick, pattern, etc. is going to change it. Math is math. |
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Confirming that the script was sent to me. So, after analyzing it, my findings:
1) It is definitely a different way to handle betting, and he's correct in stating that it is not a martingale script (can't go into a lot of detail but essentially it's a pattern-based script).
but
2) It does not satisfy the requirement of being +EV.
That said, it isn't to say that it won't make a profit.
Nice to know that this is a different strategy entirely but your review is not enough for someone to commit his/her funds, do you mind taking some time to play some bets and let us see the outcome ? It's not a +EV script, so placing bets won't do any good to show the long-term viability. I've found a strategy that worked for 2.5 straight months, building up by 40x the original bankroll over that period before it busted. If your strategy is -EV, you're going to eventually lose. This is mathematically guaranteed. |
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Confirming that the script was sent to me. So, after analyzing it, my findings:
1) It is definitely a different way to handle betting, and he's correct in stating that it is not a martingale script (can't go into a lot of detail but essentially it's a pattern-based script).
but
2) It does not satisfy the requirement of being +EV.
That said, it isn't to say that it won't make a profit.
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