Topic: BitDice Robbed Investors? CSNO lost 80% value - page 6. (Read 3220 times)

@ 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?

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.

^ 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.

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

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.

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

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

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.

^ 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.

I am pretty sure this accusation and reporting user dogedice.me are related. The post that got him temp ban is there for three years and a half. It would be a huge coincidence to be reported exactly when this acusaation happened. It is One out of 1200 chance. Specially when you read what was written in last few months in Bitdice ANN thread and the trust summary references of one of the posters there.  



It will definitely not help grow value of CSNO tokens of which OP is so concern about.

@BoXXoB it's really sad that you have to reply to these same questions again and again, and I’m also surprised to see popular and known members falling for his words but then again each one is entitled to his/her opinion. On the face of it yes it’s clear that he has an agenda to harm Bitdice goodwill, but then again when I read his old posts it kind of makes me wonder does he even mean what he says.

I have decided to quote two of his old posts : in the first one he comes in Bitdice Ann, and praises other sites and then later on he says that he loves Bitdice and wants them to be number one hence my question is how does he plan to help Bitdice become number one by starting this kind of thread?



It takes years to build a reputation and only minutes to destroy it by reading and quoting half baked truths, hence I hope the community will bear with Bitdice as new updates come and to show that Bitdice really cares about it’s members and it’s goodwill check this post and judge Alex and his intentions.

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?

I would expect you of all people to be more careful. You took that 1292 BTC amount from Joksim's earlier reply where it represented the USD price of bitcoin at the time of the ICO I believe...

This was the balance sheet as shown on Q2 2019 quarterly report: https://medium.com/@BitDice/bitdice-casino-quarterly-report-q2-2019-part-1-ecc9567b43f6?source=---------5------------------



I believe it's a decent representation of the current balance sheet. I believe what was not sold for fiat after the ICO has been held firmly in crypto and thus not realized any profits or losses from crypto sales.

Now, you also said Alex closed the threads... he did not. As you would know if you had read my previous reply. That matter is completely unrelated to this entire fiasco.

We had an old rule in our signature campaign thread about posting on bitdice ann but that isn't enforced anymore. I believe someone reported the signature campaign post and now due to that, the threads are locked.

EDIT: So in effect, nothing is lost as everyone keeps thinking. Investors have not magically lost everything considering the buyback and also work being put into releasing the new website and all other plans. Thus, the investors are still eligible for the dividends just as before. Although Joksim claims the value of dividends is zero, you can't just go ahead claiming the casino has completely screwed the investors over just because the casino hasn't delivered the promises yet (but is working on them). Also accounting for the fact that anyone can also sell the tokens as was said in the reply I posted before.

EDIT2:

TL;DR

1292 BTC is a wrong figure taken out of the wrong number
(Yahoo mentioned the 1292 BTC figure)

BitDice or Alex did NOT close the BitDice OP thread

I do not get what are you talking about, integration of  fiat payments was one of the biggest incentives to get involved in the ICO.
It's not hard to get informed, you aren't investor or player. Read whitepaper and visit LazyTokenInvestor CSNO page they are all what you need to understand current situation.
I bet this is another BetKing  

Ugh i detest fiat, but it might be good for the casino.
I'm quite tired of your proofless claims, I would bet my left or right nut that the dividend is higher than 0.

I'll let you FUD in peace, good luck.

With effort they put in the project in past years its clear now that its going nowhere  every recent quarter dividends are equal to 0.
Read quarter reports and read Bitdice statement and you will notice they are spending hundreds thousands to implement fiat payments and they didn't even open bank account in three years and paying 1000$ server per month with investors money while they can run it from tetris for those 10 people online.

If you being such a picky bitch you should also count profits investors had this time. The price of the token is kinda irrelevant for me since they still have their share of the profits, independently of the price of the token.
I'm not sure I like how it sounds BUT when you bought the token you bought a dividend in the profits not a token you expecting to go 10x in price.

Sorry for calling you a picky bitch but I'm quite tired already and I'm no native english hence I know no other way to express my thought on you.

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.
Telegram made for ICO is closed, they deleted long time ago anything related to ICO from their site https://ico.bitdice.me and Whitepaper can only be found on third party sites.

I am not supporting anything so far. I am asking questions.

In 6 years of crypto I haven't seen a single dev working fast with exception of perhaps dooglus which like's and should as anyone else take his time while doing stuff.

It's no stupid coin clone undergoing but a casino that didn't get hacked like most shits that went around when BD did.

---------------------

Regarding to yahoo and his bankroll worries, you may count new coins added or not, the jackpot is big and the max win is quite acceptable, the bankroll seems well feed for me.


I'm 100% certain this is FUD sponsored by other sites.

and you yahoo disappointed me quite a bit after these years supporting such claims, thing you didn't but obviously sides been taken. He just said 40% was converted to fiat and you got 60% in your math.

So 40% was supposed to stay on the site for the bankroll at a minimum right? That would mean 1292 btc or so should still be held by the team as far as the bankroll goes, minus losses or plus wins by the casino.

That doesn't include the eth or other alts collected in the ICO. Just the bitcoin alone would value 12.5 million dollars. If the ICO at the time collected 10 million dollars, wouldn't investors still be in profit just on the 40% alone? Seem's impossible for investors to be losing money with the current numbers.

That's just the 40% guaranteed to stay in the bankroll. The other 60% that was partially converted to fiat and whatever else should likely have a decent portion of funds left as well. Kinda hard to believe 60% is just gone isn't it?

@Boxxob I hope you're being paid well for representing them, cause if this goes south, you will probably go south with them.

I don't know the whole story obviously, but this is where my brain is currently. Seems like what I posted above should be the minimum of whats left of the bankroll. I find it very salty that Alex locked the threads and has declined to comment here. Instead sends Boxxob to issue a blanket statement for him. You'd think protecting his businesses name would be #1 on the list.

If someone with a better understanding of this ICO could comment here that would be great.