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Author Topic: BitStakes.io - Ultra Fast Dice, Roulette, PvP Coinflip - Social Gambling Site  (Read 771 times)
veleten
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January 20, 2019, 03:44:16 PM
 #21

No active promotion, most likely this site won't survive in the competition.
I don't know what are their method of promoting their dice site but it seems they are not aggressive in doing it, OP is also not
active so what can we expect from them? Probably, this is one of the dice sites that will just display their interest then suddenly gone.

The website is pretty much dead. The only player who was playing on this casino made his last bet an hour ago. This doesn't look very bright. Also the script looks a lot like stake&primedice's. Did they somehow hack it and put it on the black market or is it a common dice script being sold everywhere?
Yeah I guess so, I see OP's account active on January 17, but he did not give the slightest explanation of questions and doubts by some users in this thread. I really regret when a gambling place that can be said is good because it has a fast response but the developer of the place is not active. I hope he can come back and give an explanation and become an active gambling site.
Thats what i saw too where he was active on Jan 17 but didnt give any response on what other users concern here on this thread.Either he do forgot this thread or just avoiding to answer on whats being clarified on here?

probably realised the errors of his ways Smiley and working on another project
the sites like this are stillborn for many reasons
the main ones being:
a) too much competition on the market, any new site has to fight the big guns like Bitsler, Stake, Cryptogames, Bitvest, Fortunejack etc.
b) the market volume, there is simply not enough gamblers to just wander in randomly and bet several bitcoins, the times like these are long gone
pundits study the sites, pick the best bonuses and promotions and wager there
c) not enough promotion and exposure, just a bitcointalk topic is not enough to have any reasonable amount of people gambling at your site
d) bankroll and trust, not enough both  for the whales to bet
and so on and so forth
a new site has to be exceptional in so many areas to compete on such a stacked market that it requires a good amount of initial resources and a team behind it
I don't see any of those here, sadly
maybe the things will change and OP will prove me wrong, who knows

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January 20, 2019, 04:49:13 PM
 #22

b) the market volume, there is simply not enough gamblers to just wander in randomly and bet several bitcoins, the times like these are long gone

Things are likely going to change soon

With Bitcoin going downhill you should actually expect more people becoming interested in gambling. Really, if you have a bunch of bitcoins that you bought at prices above 10k, there is little chance you will be able to book profits in the foreseeable future. Selling them and fixing losses is not what most people can easily agree to, so they may turn their heads towards online casinos in search of some consolation in gambling, probably thinking that if they don't lose all, they may win back some of the losses. Perhaps, something like that already happened

pundits study the sites, pick the best bonuses and promotions and wager there

Agreed. These days you have to be very careful as a lot of people have gained enough experience to milk such sites and ruin them in less than no time

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January 21, 2019, 03:45:25 AM
 #23

It looks more like demo than actual website. I mean I am too used to seeing very crowded casinos and chats, here it is so dead that even the chat doesn't move at all, for the past one minute I have not seen any new messages. Maybe try to think about a new advertisement method ? I mean you need to create some promotions and so forth and put them all over the internet and maybe even think about creating a bitcointalk signature campaign to begin with, after all the biggest websites like stake still has signature campaigns as well. Why would you not want to get your name heard bigger ? I know it requires capital to begin with but since you already have the website and your design is sleek I think it could do some damage if you could just put some money into it as well.
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January 21, 2019, 03:31:18 PM
 #24

It looks more like demo than actual website. I mean I am too used to seeing very crowded casinos and chats, here it is so dead that even the chat doesn't move at all, for the past one minute I have not seen any new messages. Maybe try to think about a new advertisement method ? I mean you need to create some promotions and so forth and put them all over the internet and maybe even think about creating a bitcointalk signature campaign to begin with, after all the biggest websites like stake still has signature campaigns as well. Why would you not want to get your name heard bigger ? I know it requires capital to begin with but since you already have the website and your design is sleek I think it could do some damage if you could just put some money into it as well.

you do realise that running a bitcointalk advertising campaign even for a few weeks will cost you at least a couple of bitcoins?
if the site is new and barely has money to fund its bankroll (which I still expect to see in this topic, the proof of funds, that is)
there are better ways to spend coins and cheaper ways of advertising too
bitcointalk signature camapign is in a way a quality assurance mark
the sites that run them are doing fine and can afford to spend money on premium advertisment to the target audience
except , of course the ICO campaigns that can be scams more often than not

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January 21, 2019, 06:29:24 PM
 #25

you do realise that running a bitcointalk advertising campaign even for a few weeks will cost you at least a couple of bitcoins? if the site is new and barely has money to fund its bankroll (which I still expect to see in this topic, the proof of funds, that is) there are better ways to spend coins and cheaper ways of advertising too bitcointalk signature camapign is in a way a quality assurance mark the sites that run them are doing fine and can afford to spend money on premium advertisment to the target audience except , of course the ICO campaigns that can be scams more often than not

Sorry for formatting your text into a somewhat readable form

I agree that running a signature campaign may be too expensive unless you already have really wealthy investors. On the other hand, instead of spending money on advertising, why not go the route of allowing outside investments in the casino bankroll? A couple years ago it was a hot topic, and a few casinos allowed this kind of investment. One of them (forgot its name, though) after acquiring enough publicity and bankroll, returned the money invested and ran on its own since then (don't know what's become of it, either)

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January 21, 2019, 07:27:29 PM
 #26

support system is very poor, chat is also almost dead, you need to improve this kind of things

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January 22, 2019, 05:13:47 AM
 #27

b) the market volume, there is simply not enough gamblers to just wander in randomly and bet several bitcoins, the times like these are long gone

Things are likely going to change soon

With Bitcoin going downhill you should actually expect more people becoming interested in gambling. Really, if you have a bunch of bitcoins that you bought at prices above 10k, there is little chance you will be able to book profits in the foreseeable future. Selling them and fixing losses is not what most people can easily agree to, so they may turn their heads towards online casinos in search of some consolation in gambling, probably thinking that if they don't lose all, they may win back some of the losses. Perhaps, something like that already happened

pundits study the sites, pick the best bonuses and promotions and wager there

Agreed. These days you have to be very careful as a lot of people have gained enough experience to milk such sites and ruin them in less than no time
There's only a little effect on the market for the gamblers because regardless of the price of bitcoin they will still gamble as long as the gambling sites are here and they continue to entertain us. It's a separate factor and gamblers and traders or investors have different mentality, most of the gamblers are here to enjoy and they are not really affected with the volatility as they can convert that winnings in cash instantly.

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January 22, 2019, 06:37:20 AM
 #28

you do realise that running a bitcointalk advertising campaign even for a few weeks will cost you at least a couple of bitcoins? if the site is new and barely has money to fund its bankroll (which I still expect to see in this topic, the proof of funds, that is) there are better ways to spend coins and cheaper ways of advertising too bitcointalk signature camapign is in a way a quality assurance mark the sites that run them are doing fine and can afford to spend money on premium advertisment to the target audience except , of course the ICO campaigns that can be scams more often than not

Sorry for formatting your text into a somewhat readable form

I agree that running a signature campaign may be too expensive unless you already have really wealthy investors. On the other hand, instead of spending money on advertising, why not go the route of allowing outside investments in the casino bankroll? A couple years ago it was a hot topic, and a few casinos allowed this kind of investment. One of them (forgot its name, though) after acquiring enough publicity and bankroll, returned the money invested and ran on its own since then (don't know what's become of it, either)
Gambling is a business land, OP should be aware about it when he made a gambling place it is like making a business in the real world, either opening a company, trading and making a service all of those things need money to get started. Except, he is a trusted person so everyone can provide capital so that his business grow up, surely with the gambling place he offers has an interesting or unique concept so that every investor sees it as potential land.

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January 22, 2019, 08:21:17 AM
 #29

you do realise that running a bitcointalk advertising campaign even for a few weeks will cost you at least a couple of bitcoins? if the site is new and barely has money to fund its bankroll (which I still expect to see in this topic, the proof of funds, that is) there are better ways to spend coins and cheaper ways of advertising too bitcointalk signature camapign is in a way a quality assurance mark the sites that run them are doing fine and can afford to spend money on premium advertisment to the target audience except , of course the ICO campaigns that can be scams more often than not

Sorry for formatting your text into a somewhat readable form

I agree that running a signature campaign may be too expensive unless you already have really wealthy investors. On the other hand, instead of spending money on advertising, why not go the route of allowing outside investments in the casino bankroll? A couple years ago it was a hot topic, and a few casinos allowed this kind of investment. One of them (forgot its name, though) after acquiring enough publicity and bankroll, returned the money invested and ran on its own since then (don't know what's become of it, either)
That's actually a good idea but I don't think it will be effective now since there's already a lot of players in the market.
Investors are more cautious now due to the big rate of scams in crypto, but if a site has a very good model to run that is unique and will gain market, maybe investors will be attractive, but there's only a lesser chance.

Some gambling sites like Bitdice which are already operating and also running a signature campaign, still conducted an ICO in the past and they were successful, so it's not only for the new comers but also for the existing one.

I guess nowadays investors will prefer investing in ICO as they will receive better income when the casino will be a success.

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deisik
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January 22, 2019, 12:11:13 PM
 #30

you do realise that running a bitcointalk advertising campaign even for a few weeks will cost you at least a couple of bitcoins? if the site is new and barely has money to fund its bankroll (which I still expect to see in this topic, the proof of funds, that is) there are better ways to spend coins and cheaper ways of advertising too bitcointalk signature camapign is in a way a quality assurance mark the sites that run them are doing fine and can afford to spend money on premium advertisment to the target audience except , of course the ICO campaigns that can be scams more often than not

Sorry for formatting your text into a somewhat readable form

I agree that running a signature campaign may be too expensive unless you already have really wealthy investors. On the other hand, instead of spending money on advertising, why not go the route of allowing outside investments in the casino bankroll? A couple years ago it was a hot topic, and a few casinos allowed this kind of investment. One of them (forgot its name, though) after acquiring enough publicity and bankroll, returned the money invested and ran on its own since then (don't know what's become of it, either)
That's actually a good idea but I don't think it will be effective now since there's already a lot of players in the market.
Investors are more cautious now due to the big rate of scams in crypto, but if a site has a very good model to run that is unique and will gain market, maybe investors will be attractive, but there's only a lesser chance.

Some gambling sites like Bitdice which are already operating and also running a signature campaign, still conducted an ICO in the past and they were successful, so it's not only for the new comers but also for the existing one

Yes, ICO is another good path to "success"

In this case, it is more like an IPO when a privately-owned company turns into a public one by offering shares in the open market. The difference between direct investing in the bankroll and an ICO is that in the former case (i.e. with direct investing) casinos have more leeway in their operation. For example, they can close this possibility any day they see fit or even return the money invested if they choose so (i.e. make investors disinvest). This is not the case with ICO as I understand it

I guess nowadays investors will prefer investing in ICO as they will receive better income when the casino will be a success

The sad truth is when the casino will be a success, it won't need outside money

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January 22, 2019, 05:46:43 PM
 #31

I mean bankrolling the casino also gives people the chance to be the house as well. Many people do not have enough money to open a casino but when a casino allows you to invest into their bankroll that gives you a chance to own a small percent of a big casino. Places like primedice and what not already has a lot of money so they do not need our money (which if they did I am sure they could gather thousands of bitcoins in a day).

However, smaller or at least newer places may need capital for stuff like these and instead of spending money on the bankroll they could just let us be the house and they can get a percentage of the winnings instead of all of it and spend rest of the money stuff like advertisement in anyway they feel would be better. Its a win-win situation for everyone involved.
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April 20, 2019, 10:09:03 AM
 #32

Apart from the house owned tone (stake) does the site support other top cryptocurrencies such as bitcoin and ethereuem because not all potential players may get access to the house owned token for just a small game. And also from the features I notice you don't offer sporting game may be you should consider adding that too.
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April 20, 2019, 10:30:05 AM
 #33

Apart from the house owned tone (stake) does the site support other top cryptocurrencies such as bitcoin and ethereuem because not all potential players may get access to the house owned token for just a small game. And also from the features I notice you don't offer sporting game may be you should consider adding that too.
I don't know if it's just my internet connection or their site is already down or dead.
I couldn't access the site but I guess they already abandone their gambling site ,
OP was last spotted on this forum on January 17 this year and it is already 3 months.

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April 20, 2019, 11:30:12 AM
 #34

^^ Gambling sites come and go if they are not established within a month or two of their arrival to compete for customers with the rest of them unfortunately. If they dont get their customer base established then they simply run out of funds and fold up and the site is gone.
This is what most likely happened with this one.

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April 20, 2019, 12:21:10 PM
 #35

Apart from the house owned tone (stake) does the site support other top cryptocurrencies such as bitcoin and ethereuem because not all potential players may get access to the house owned token for just a small game. And also from the features I notice you don't offer sporting game may be you should consider adding that too.

Did you even check the site first or at least check the main post before asking and suggesting something. Your first question is answered on the OP already, and if you checked the site before suggesting then you should not even ask or suggest something as the site is inaccessible.

I don't know if it's just my internet connection or their site is already down or dead.
I couldn't access the site but I guess they already abandone their gambling site ,
OP was last spotted on this forum on January 17 this year and it is already 3 months.

I cant access the site as well, it gives me a 522 Error. I believe it is dead already since he did not get enough interest from the bitcoin gambling community. Most likely, it is just another gambling site which was not developed and managed by experienced people.
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April 20, 2019, 10:47:03 PM
 #36

Apart from the house owned tone (stake) does the site support other top cryptocurrencies such as bitcoin and ethereuem because not all potential players may get access to the house owned token for just a small game. And also from the features I notice you don't offer sporting game may be you should consider adding that too.

Did you even check the site first or at least check the main post before asking and suggesting something. Your first question is answered on the OP already, and if you checked the site before suggesting then you should not even ask or suggest something as the site is inaccessible.

I don't know if it's just my internet connection or their site is already down or dead.
I couldn't access the site but I guess they already abandone their gambling site ,
OP was last spotted on this forum on January 17 this year and it is already 3 months.

I cant access the site as well, it gives me a 522 Error. I believe it is dead already since he did not get enough interest from the bitcoin gambling community. Most likely, it is just another gambling site which was not developed and managed by experienced people.

Another one abandoned so early. Checked also but their site is not working anymore. This thread should be closed as there's nothing to see here anymore.
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April 22, 2019, 02:15:20 AM
 #37

^^ Gambling sites come and go if they are not established within a month or two of their arrival to compete for customers with the rest of them unfortunately. If they dont get their customer base established then they simply run out of funds and fold up and the site is gone.
This is what most likely happened with this one.

Actually that is not the point of having this thing for the first thing. They should have their own bankroll and even marketing fee to start any gambling site but still it is difference from site that is based on pvp games like this site may be. And from the start they should already know that they really need to burn some huge money to attract people playing on their site. So they should have this cost to develop their site
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April 24, 2019, 10:51:34 PM
 #38

^^ Gambling sites come and go if they are not established within a month or two of their arrival to compete for customers with the rest of them unfortunately. If they dont get their customer base established then they simply run out of funds and fold up and the site is gone.
This is what most likely happened with this one.

Actually that is not the point of having this thing for the first thing. They should have their own bankroll and even marketing fee to start any gambling site but still it is difference from site that is based on pvp games like this site may be. And from the start they should already know that they really need to burn some huge money to attract people playing on their site. So they should have this cost to develop their site
Any gambling site should have enough to maintain their site for several months for up to a year to ride out the tough times which would more likely happen if they get popular too fast and more so if they have very lucky gamblers who are winning large amounts.
The marketing fee shouldnt be part of the sites bankroll because most of the gambling sites on here divide up this amount up front and hand it over to their designated managers to distribute to their team of marketers.
It just seems this site was mismanaged is all and they havent even logged in since the beginning of the year. Most definitely abandoned.

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April 24, 2019, 11:08:24 PM
 #39

I am getting this error when I try to open your site "Error 522 Ray ID: 4ccbb4665c4f4841 • 2019-04-24 23:02:55 UTC Connection timed out"
I also tried to check your site using downforeveryoneorjustme.com and it looks like your site is down as of this moment. Is it a scheduled maintenance?
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April 25, 2019, 10:03:31 AM
 #40

I am getting this error when I try to open your site "Error 522 Ray ID: 4ccbb4665c4f4841 • 2019-04-24 23:02:55 UTC Connection timed out"
I also tried to check your site using downforeveryoneorjustme.com and it looks like your site is down as of this moment. Is it a scheduled maintenance?

Its been few days of the downtime, I'm sure it is not a scheduled maintenance. OP should have announced it earlier if they are going to do maintenance.
High possibility the owner is giving up already with the project as he get less interest with the site which was so laggy. He did not even try to make it better when there are some complains about it.
But lets see for more days, if there is no updates after several days on what is happening then it is possible that it is the end of the site.

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