BitDice Robbed Investors? CSNO lost 80% value

[BoXXoB]

^ Facepalm

Once again, those values represent the USD values of the cryptocurrencies at the time of the sale. They do NOT represent the amounts in cryptocurrency.

So there's no further misunderstandings, it means 3231.8 USD per Bitcoin, NOT 3231 BTC.

Arguing is impossible if there's a lack of understanding in the simplest things.

[1713480710]

1713480710

[BoXXoB]

@ BoXXoB

You say that the during the ICO collected 3232 BTC and 222 ETH are still there.

Can you please show where?

The value of the 65% kept and stored Bitcoins increased 900% and generated a huge profit.

Was this profit paid as dividends?

1) BitDice did not raise 3232 BTC which I've been trying to say in atleast 3 replies by now. Joksim meant USD values of cryptocurrencies in his post. If you think really carefully, do you think BitDice raised 0.00009 Doge. Because by your logic, that's what Joksim's post would mean.

2) If cryptocurrencies that were received in the sale generated profit, it would be paid in dividends AFTER the profits were realized eg. when the cryptocurrencies were sold for USD.

Cryptocurrencies have not been sold after some was initially sold for USD right after the ICO. Thus no cryptocurrency sales have realized profit.

Now, please read the reply carefully so that you finally understand.

[BoXXoB]

1) BitDice did not raise 3232 BTC which I've been trying to say in atleast 3 replies by now. Joksim meant USD values of cryptocurrencies in his post. If you think really carefully, do you think BitDice raised 0.00009 Doge. Because by your logic, that's what Joksim's post would mean.

I understood now that BTC worth USD 3,232,000 were collected during the ICO sale.

But at that time the BTC price was USD 1,000 and USD 3,232,000 divided with USD 1,000 per BTC = 3,232 Bitcoins collected

Please show where are the 2,100 kept BTC? (65% of the 3,232 collected Bitcoins = 2,100 kept BTC)

You still did not understand. I'm not going to explain anything again.

EDIT: You've gotten pretty much everything wrong despite my replies

[lugrugzo]

Say goodbye to your coins/money that you invested greedily thinking that this stupid site will take it off and will make you rich.

Probably, the owner of this website is drinking his pineapple margarita in a tropical country with his b*tches now, so. Face the reality and join the train of defrauded people, there is no way/no sign this site will keep its promise.

I think they will not even be here in 6 months, because there is no reason. He is rich enough for his next scam scheme.

[BoXXoB]

@ BoXXoB

1) You confirmed that BTC worth USD 3,233,000 were collected during the ICO

2) At that time the BTC price was USD 1,000

3) USD 3,232,000 divided with USD 1,000 per BTC = 3,232 Bitcoins collected

4) 65% of the collected 3,232 BTC are kept until today = 2,100 Bitcoins kept

2,100 Bitcoins are currently worth USD 21 million!

You are not able to show where are the kept 2,100 Bitcoins?

I denied everything you said because your numbers are wrong and you're saying I confirmed it? Get out of here troll.

[BoXXoB]

^ If that is "confirming" in your mind, then I doubt arguing with you makes sense because you clearly do not understand.

Either way,

Here is what was collected in the ICO:



EDIT:

Here are the cryptocurrency prices after the ICO:

BTC price: $3231.8
ETH price: $222.56
IOTA price: $0.44717
LTC price: $45.1
DOGE price: $0.0009

Here is what the balance sheet was after the ICO after some coins were sold for USD:



Here is the latest balance sheet containing specifics of crypto holdings (Q1 2019 report):



In Q3 2019 the balance sheet totalled to amount USD 9 082 396 (this was after the crypto decline).

Q4 2019 report which will be released soon will show the latest information.

As you can see. your numbers are wrong, game-protect.

[hulla]

As you can see. your numbers are wrong, game-protect.

Thanks for the clarification cause have been going through your medium account but I'm also lost about the total crypto collected during the ICO and i hope you guys will deliver the new site as promised.

[game-protect]

@ BoXXoB

Thanks for clarification.  

1) 65% of the collected 1,461 BTC = 950 Bitcoins are kept and stored, where are they?

2) 65% of the collected 16,716 ETH = 10,865 Ethereum are kept and stored, where are they?

3) 65% of the collected 4,629 LTC = 3,009 Litecoins are kept and stored, where are they?

4) 65% of the collected 134,225 IOTA = 87,246 IOTA are kept and stored, where are they?

5) 65% of the collected 40,498,734 DOGE = 26,324,183 DOGE are kept and stored, where are they?

[joksim299]

I believe Joksim's claim relies on 3 key points he has been trying to make.

1) CSNO Token has lost value

Okay, the token has lost value, true but he is taking his numbers from sources that aren't reliable. BitDice does not reach high trading volumes and thus any estimation given by Etherscan is likely to be wrong. Secondly as it was stated, BitDice buys tokens back from those who wish to sell them at a relatively good price atleast comparing to the estimations Joksim has been making.

2) The money that was invested has been "wasted" or some of it has disappeared

As my last reply states, much of the assumptions that have been made by people have not been thought through and are simply speculation and the money is still there.

3) BitDice has not been delivering its promises

This is probably the most notable one as it's clear BitDice hasn't yet been able to deliver many of the initial promises that have been made. We have addressed that fact and have also stated that the new website is in the final stage of development. In other words, promises have been delayed a lot which is not something we're hiding. But we're working on delivering on those promises.

Joksim is trying to make a case about how the money that has already been spent has gone into vain which he keeps repeating. One doesn't have to look farther than the quarterly reports to see what the money has been spent on. The expenses haven't been directed at something specific only but on the entire project. I don't understand half of the gimmicks it takes to run a casino let alone something that aims to serve fiat users. I am fairly sure Joksim doesn't understand exactly how complex everything is to set up either.

So to simplify: the money that has been spent has not gone into nothing. It's an ongoing progress and despite seemingly static, it is definitely not.

We've been trying to explain that the promises that have yet to be delivered are going to be delivered despite the long delays.

Now my conclusion about this scam accusation is that its aim is to make BitDice lose its reputation. Question is: what's the gain from this?

1. Purchase them at ICO price or above then it is fine. ( You buy them at -60% of ICO price while you intentionally do not use any moethods to bring wagering/new players on the site)
2. Yes you did waste (see your statement) over 30,000$ per quarter for legal fess to implement fiat while you didn't even open bank account. (Fiat should have been implemented already 2 years ago, you should have informed yourself before promising something in  ICO)
3. How it was easy back then for you to LIE investors that you can and know how to implement those features in agreed time frame.

[BoXXoB]

I believe Joksim's claim relies on 3 key points he has been trying to make.

1) CSNO Token has lost value

Okay, the token has lost value, true but he is taking his numbers from sources that aren't reliable. BitDice does not reach high trading volumes and thus any estimation given by Etherscan is likely to be wrong. Secondly as it was stated, BitDice buys tokens back from those who wish to sell them at a relatively good price atleast comparing to the estimations Joksim has been making.

2) The money that was invested has been "wasted" or some of it has disappeared

As my last reply states, much of the assumptions that have been made by people have not been thought through and are simply speculation and the money is still there.

3) BitDice has not been delivering its promises

This is probably the most notable one as it's clear BitDice hasn't yet been able to deliver many of the initial promises that have been made. We have addressed that fact and have also stated that the new website is in the final stage of development. In other words, promises have been delayed a lot which is not something we're hiding. But we're working on delivering on those promises.

Joksim is trying to make a case about how the money that has already been spent has gone into vain which he keeps repeating. One doesn't have to look farther than the quarterly reports to see what the money has been spent on. The expenses haven't been directed at something specific only but on the entire project. I don't understand half of the gimmicks it takes to run a casino let alone something that aims to serve fiat users. I am fairly sure Joksim doesn't understand exactly how complex everything is to set up either.

So to simplify: the money that has been spent has not gone into nothing. It's an ongoing progress and despite seemingly static, it is definitely not.

We've been trying to explain that the promises that have yet to be delivered are going to be delivered despite the long delays.

Now my conclusion about this scam accusation is that its aim is to make BitDice lose its reputation. Question is: what's the gain from this?

1. Purchase them at ICO price or above then it is fine. ( You buy them at -60% of ICO price while you intentionally do not use any moethods to bring wagering/new players on the site)
2. Yes you did waste (see your statement) over 30,000$ per quarter for legal fess to implement fiat while you didn't even open bank account. (Fiat should have been implemented already 2 years ago, you should have informed yourself before promising something in  ICO)
3. How it was easy back then for you to LIE investors that you can and know how to implement those features in agreed time frame.

You're just making assumptions about intentions, expenses etc. The delays have already been admitted and are being worked on but it's clearly pointless to argue with you.

I will not be answering your further replies because you're bringing absolutely nothing new to the table.

[PS1987]

After 5 years in crypto, I have the following suggestions for you:

Don't invest (longterm) in:

-gaming coins (DGB, GAME, Huntercoin)
-casino/gambling coins
-follow the popular twitter accounts (Cryptomocho, Bitcoindad, Secrets...) so you can see which coins/exchanges  are heavily shilled=>most likely scam (DTB, GEO, Cryptopia, TradeOgre, BGogo...)
-avoid coins that are only on bad exchanges like HitBTC, Mercatox, Yobit, Hotbit, Kucoin, IDEX and others
-coins with huge teams (>20 members)
-Passive income assets. There is no passive income unless you created it by yourself.

[andulolika]

First part you seem to ignore is that those funds used to buy the tokens stopped being investors, investors bought dividends in a bankroll, imho it's as simple as that and clear as water, anyone would know that i believe.
You don't move a finger for scamcoins or scammers, why'd you go after this casino if you not paid off or personal interest.

After 5 years in crypto, I have the following suggestions for you:

Don't invest (longterm) in:

-gaming coins (DGB, GAME, Huntercoin)
-casino/gambling coins
-follow the popular twitter accounts (Cryptomocho, Bitcoindad, Secrets...) so you can see which coins/exchanges  are heavily shilled=>most likely scam (DTB, GEO, Cryptopia, TradeOgre, BGogo...)
-avoid coins that are only on bad exchanges like HitBTC, Mercatox, Yobit, Hotbit, Kucoin, IDEX and others
-coins with huge teams (>20 members)
-Passive income assets. There is no passive income unless you created it by yourself.

There are some really fine casino's worth investing in, not saying coins, both are likely to be scams.
All exchanges are shilled to a point, one should stay away of exchanges when possible, and surely all you mentioned there are scammy.

[Juggy777]

First part you seem to ignore is that those funds used to buy the tokens stopped being investors, investors bought dividends in a bankroll, imho it's as simple as that and clear as water, anyone would know that i believe.
You don't move a finger for scamcoins or scammers, why'd you go after this casino if you not paid off or personal interest.

After 5 years in crypto, I have the following suggestions for you:

Don't invest (longterm) in:

-gaming coins (DGB, GAME, Huntercoin)
-casino/gambling coins
-follow the popular twitter accounts (Cryptomocho, Bitcoindad, Secrets...) so you can see which coins/exchanges  are heavily shilled=>most likely scam (DTB, GEO, Cryptopia, TradeOgre, BGogo...)
-avoid coins that are only on bad exchanges like HitBTC, Mercatox, Yobit, Hotbit, Kucoin, IDEX and others
-coins with huge teams (>20 members)
-Passive income assets. There is no passive income unless you created it by yourself.

There are some really fine casino's worth investing in, not saying coins, both are likely to be scams.
All exchanges are shilled to a point, one should stay away of exchanges when possible, and surely all you mentioned there are scammy.

@andulolika exactly people are conveniently ignoring the fact that this token is for dividends, and the team has already acknowledge that delays took place and they have already listed why those delays took place.

@PS1987 in your 5 years of crypto journey how many scam projects took time to explain to you what was happening behind the scenes, and how many of them even bothered to reply to you after you asked them the same question again and again.

I believe the answer will be a big zero because no scam casino/project ever bothers to reply, and all they’ll do is shut shop and disappear with your money.

However @BoXXoB has been answering these same questions again and again despite all the answers already given by him, and despite this if you think that Bitdice is a scam then I don’t know what to say to you anymore.

I’m writing it here for the last time that Bitdice is a legit casino, and they have already declared that a new site design and lots of other stuff is coming soon so please wait for some more time and stop this witch hunting guys.

[suzanne5223]

First part you seem to ignore is that those funds used to buy the tokens stopped being investors, investors bought dividends in a bankroll, imho it's as simple as that and clear as water, anyone would know that i believe.

I believe the company will fix the situation and i hope the people involved understand that altcoin market are highly manipulated. But dividend or not, i dont see any reason why the token buyer should stopped being an investor since there fund was among the fund used when the company launched their initial offering.
With that been said, what said on their ICO page was "Earn your dividend share by joining the ICO" and they are also entitle to 70% of the site profit quarterly. Tell me that an act of investment?

After 5 years in crypto, I have the following suggestions for you:

Don't invest (longterm) in:

-gaming coins (DGB, GAME, Huntercoin)
-casino/gambling coins
-follow the popular twitter accounts (Cryptomocho, Bitcoindad, Secrets...) so you can see which coins/exchanges  are heavily shilled=>most likely scam (DTB, GEO, Cryptopia, TradeOgre, BGogo...)
-avoid coins that are only on bad exchanges like HitBTC, Mercatox, Yobit, Hotbit, Kucoin, IDEX and others
-coins with huge teams (>20 members)
-Passive income assets. There is no passive income unless you created it by yourself.

There are some really fine casino's worth investing in, not saying coins, both are likely to be scams.
All exchanges are shilled to a point, one should stay away of exchanges when possible, and surely all you mentioned there are scammy.

You're right cause every exchange site what lied or cheated at some point and gambling bankroll investment shouldnt be expected to be profitable all time for every business experience debt at some point.

[yahoo62278]

^ Facepalm

Once again, those values represent the USD values of the cryptocurrencies at the time of the sale. They do NOT represent the amounts in cryptocurrency.

So there's no further misunderstandings, it means 3231.8 USD per Bitcoin, NOT 3231 BTC.

Arguing is impossible if there's a lack of understanding in the simplest things.

This is where my misunderstanding came in. Thank you for clarifying this.

[game-protect]

BitDice is doing well (for the team), now bankroll alone should be worth over total amount collected in ICO, we can't check since it is not public anymore.
Only investors are at huge loss of 70% (bit dice claims they but tokens at 50% of ICO price) and market cap of CSNO is just above 2,800,000$ according to Etherscan (https://etherscan.io/token/0x29D75277aC7F0335b2165D0895E8725cbF658d73?a=0xc4bf32fed731ffde7d71874ea39c208833fdac3e) and how are things developing investors will pay server rent and legal expenses (over ~$500,000 spent investors money to not open bank account is crazy) until depleted.

Where is the accounting showing that Bitdice paid 500,000 USD to not open bank account?

A portion of the collected crypto currencies were sold for USD, so Bitdice must have a bank account?

[joksim299]

BitDice is doing well (for the team), now bankroll alone should be worth over total amount collected in ICO, we can't check since it is not public anymore.
Only investors are at huge loss of 70% (bit dice claims they but tokens at 50% of ICO price) and market cap of CSNO is just above 2,800,000$ according to Etherscan (https://etherscan.io/token/0x29D75277aC7F0335b2165D0895E8725cbF658d73?a=0xc4bf32fed731ffde7d71874ea39c208833fdac3e) and how are things developing investors will pay server rent and legal expenses (over ~$500,000 spent investors money to not open bank account is crazy) until depleted.

Where is the accounting showing that Bitdice paid 500,000 USD to not open bank account?

A portion of the collected crypto currencies were sold for USD, so Bitdice must have a bank account?

They wrote that in official statement posted by Boxxob:

I am posting this answer on behalf of the management:


Due to business nature, it was hard to predict all the obstacles that had arisen. It's almost impossible to open a bank account for crypto-related companies in the EU, not to mention gambling as business activity. As an example, attempts to fix an agreement with Wirecard related to fiat payments processing took almost a year and finally ended in vain due to circumstances that were out of the team's control.

Moreover, at one point it has been decided to cease certain activities until the launch of the new website, which is currently under the final stage of development.

Amount spent strictly on legal matters according to reports is over $100k (reports can be found at https://medium.com/@BitDice/), I said $500k because of facilitated amounts they mention in reports


At top of that investors pay developers and team salaries of over 15,000$ per month to work on nothing and deliver nothing for three years.

[game-protect]

Bitdice announced that it will use a part of the 25% of the collected ICO funds for

"Aquiring necessary licenses to be able to operate with fiat currencies as a traditional gambling entity across as many regions as possible."

Since when does Bitdice operate with fiat currencies?

[joksim299]

Bitdice announced that it will use a part of the 25% of the collected ICO funds for

"Aquiring necessary licenses to be able to operate with fiat currencies as a traditional gambling entity across as many regions as possible."

Since when does Bitdice operate with fiat currencies?

They do not accept fiat.

[BoXXoB]

Bitdice announced that it will use a part of the 25% of the collected ICO funds for

"Aquiring necessary licenses to be able to operate with fiat currencies as a traditional gambling entity across as many regions as possible."

Since when does Bitdice operate with fiat currencies?

They do not accept fiat.

You removed your previous post and posted again because? Pretty ridiculous in my opinion...

Anyway, we haven't claimed we accept fiat and neither has the 25% that was dedicated for that and other business expansion been depleted yet so I don't know what kind of a point you are trying to make.

You're pretty pathetic to be honest, trying to just get attention by posting again when you don't get any responses lol.

Edit: To add, BitDice is actually well within budget regarding business expansion despite the image joksim is trying (and failing) to build.