can i start a btc dice site with 30btc? - page 7.

philiveyjr

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Quote from: AcoinL.L.C on July 02, 2016, 03:16:23 PM

Quote from: philiveyjr on July 02, 2016, 03:13:59 PM

Yes it should be enough. A lot of sites like coinroyale and prc started off with a smaller bankroll, and then built it up slowly. You can also chose to start accepting investments if your sites gains a lot of traction.

When there were no other options out there... The fact is, its a crowded market. What competitive advantage would he have over any other casino out there? If you can't figure out a competitive advantage, don't start the site (and that goes for every business).

While I agree with that, the question was if the funds are enough for get some traction. Which I am sure he will. The competition part is the next step. Even a guy with 200000 BTC won't be able to wipe out his competition on his site.

Stedsm

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I think that if you are to start a site like Primedice, you need at least 100 BTC in order to run it smoothly and without any hacks, you also need some knowledge of the script so that the developer may not run away taking your coins.

Superhitech

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Like people have said, moneypot is probably your best bet if you want to start a dice site, as they provide a bankroll for you.

However, OP, do note that a lot of your funds will have to go into advertising and promotion for your dice site, as there are so many moneypot dice sites out there. You will have to think of something unique, and to attract users.

Do you know how to code? Try finding a trusted friend who can be a business partner that can code, as if you can't code you may run into some problems along the way, even if you have a premade dice script.

Perhaps, don't even start a dice site. Try finding a different game altogether that is unique and fun, and no site has yet. 30 BTC is a lot of money, and it has the potential to make something big if used correctly. Good luck!

buyinbtc

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Quote from: European Central Bank on July 02, 2016, 07:54:13 AM

i'm sure you can get a site up and running. keeping it running and sustainable's another matter.

what thought have you put into security? there'll be hackers circling like flies that's for sure.

well even though it is possible to buy a cheap script or just write it yourself and then start rolling it though there might be people who will win big money and you will lose money then

i think you can actually start it to be honest but it wouldnt be a good website most probably and it would be really hard to start making money with it, though its just my opinion

KenR

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Quote from: AcoinL.L.C on July 02, 2016, 03:14:25 PM

A completely custom site will cost at bare minimum 10-20 BTC. Thats only ~7-14k USD.

Funny you are calling someone out for not knowing what they are talking about, when you don't as well.

30 BTC is not enough to start a gambling business if you are providing your own software/hosting/bankroll.

I'm specifically talking about the "script",its common sense if you're budget is as low as 30 bitcoins why would you needa custom script with everything written from scratch ? You can easily buy pre written scripts as cheap as 2 bitcoins.Everything else is not my point of interest.What I do know is,you don't need 10-20 bitcoins to hire a programmer to write a script if you're low on a budget.That would be a stupid thing to do.

AcoinL.L.C

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Quote from: philiveyjr on July 02, 2016, 03:13:59 PM

Yes it should be enough. A lot of sites like coinroyale and prc started off with a smaller bankroll, and then built it up slowly. You can also chose to start accepting investments if your sites gains a lot of traction.

When there were no other options out there... The fact is, its a crowded market. What competitive advantage would he have over any other casino out there? If you can't figure out a competitive advantage, don't start the site (and that goes for every business).

AcoinL.L.C

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Quote from: KenR on July 02, 2016, 03:11:06 PM

Quote from: BBHex on July 02, 2016, 06:51:20 AM

IMHO a good dice script will cost around 10-20btc, expenses on promotion is not included so i think you need around 75btc to start your own dice site and if you set your max profit to xx percent of your bankroll you could be empty in short time

Where did you get your knowledge from ? Are you still living in 2013 when bitcoin prices were really low ? Those numbers would only make sense if it was 2013.10-20 btc for a dice script ? What is it ?Written on the papyrus rolls by the Kings of Egypt ?Shut the fuck up dude if you don't have an clue about it,just don't misguide people.

A completely custom site will cost at bare minimum 10-20 BTC. Thats only ~7-14k USD.

Funny you are calling someone out for not knowing what they are talking about, when you don't as well.

30 BTC is not enough to start a gambling business if you are providing your own software/hosting/bankroll.

philiveyjr

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Yes it should be enough. A lot of sites like coinroyale and prc started off with a smaller bankroll, and then built it up slowly. You can also chose to start accepting investments if your sites gains a lot of traction.

hawk1987

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safedice like site you can start with . may be Cry

KenR

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Quote from: BBHex on July 02, 2016, 06:51:20 AM

IMHO a good dice script will cost around 10-20btc, expenses on promotion is not included so i think you need around 75btc to start your own dice site and if you set your max profit to xx percent of your bankroll you could be empty in short time

Where did you get your knowledge from ? Are you still living in 2013 when bitcoin prices were really low ? Those numbers would only make sense if it was 2013.10-20 btc for a dice script ? What is it ?Written on the papyrus rolls by the Kings of Egypt ?Shut the fuck up dude if you don't have an clue about it,just don't misguide people.

RichGang

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Quote from: bitcoinprofit on July 02, 2016, 11:46:58 AM

Quote from: RichGang on July 02, 2016, 06:47:27 AM

I will like to know if i can start up a casino dice site with 30btc including bankroll.
Am looking at a site with a max profit of like 1btc.
If yes, how?
If no, how much btc do I need.
Only reply if u got ideas about this.
No trolls

You sure you aren't this guy?? >>>> https://bitcointalksearch.org/topic/best-way-to-turn-30-btc-into-300-btc-urgent-1484684

I like his post . not that's not me. He is talking of investment, I am talking of gambling.

Daffadile

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If you worried about your bankroll you could always use moneypot. They are good to use they will give you your bankroll and handle the financial stuff without you having to worry. I would recommend this if you are worried about money. Also then you will have more to spend on advertising on site design.

mindrust

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There are too many scammers out there. Unless you do the coding yourself, don't do it. How would you know if the developer won't put a secret code and scam you? I wouldn't trust anyone other than myself in a business like this.

JasonXG

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Quote from: RichGang on July 02, 2016, 06:47:27 AM

I will like to know if i can start up a casino dice site with 30btc including bankroll.
Am looking at a site with a max profit of like 1btc.
If yes, how?
If no, how much btc do I need.
Only reply if u got ideas about this.
No trolls

30btc is plenty. What do you mean how ? Buy a script or hire a programmer or learn to do it yourself. Also you would need to learn how to manage finance and calculate house edge and decide if you will use ref or not and make sure u can afford it. Also you need an email system and database. Dont forget advertising.

defined

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One person can win 30 BTC from one bitcoin balance. It is possible, but you risk losing your entire bankroll. I do not risk anything close to what a site can pay.

AcoinL.L.C

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Quote from: HarryKPeters on July 02, 2016, 01:01:27 PM

30 bitcoin seems to be a great starting budget. Remember you need to reserve at least 10 bitcoin for the house. With 20 bitcoins left (14k) you should be able to build and secure a gambling site and have some marketing budget for the promotion.

Lol, a 10 BTC bankroll would = ~0.10BTC max win, its not nearly large enough for players. Casinos make next to nothing from dust/little players, all of the profit lies in the larger players.

In my (biased) opinion, your best bet would be to build off of MoneyPot.

In my (unbiased) opinion, you shouldn't try and build this alone with your current budget (30BTC), as you will have an extremely hard time getting players. Especially people who like to martingale due to the low max win (meaning reduced chances to double down).

hua_hui

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Quote from: 23dzmaz on July 02, 2016, 12:10:28 PM

Maybe it's enough for your hot wallet, but it's not include the promotion like bonus and a campaign like twitter and signature campaign for spread your dice site.

Even if 30btc is enough for the bankroll, this only satisfy for the players with small bets. If you want to gain more profit from those players with bigger bets, you need to think of ways to increase the bankroll. A lot of people dont like to gamble at places with only low max bets.

crairezx20

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Quote from: HarryKPeters on July 02, 2016, 01:01:27 PM

30 bitcoin seems to be a great starting budget. Remember you need to reserve at least 10 bitcoin for the house. With 20 bitcoins left (14k) you should be able to build and secure a gambling site and have some marketing budget for the promotion.

yeah i think it needs a plan and budgeting so that you can not lose your business fast.. and i think in the first time you will experience in losing but if you manage it well this is your business and you can passively earn daily..

HarryKPeters

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30 bitcoin seems to be a great starting budget. Remember you need to reserve at least 10 bitcoin for the house. With 20 bitcoins left (14k) you should be able to build and secure a gambling site and have some marketing budget for the promotion.

socks435

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Quote from: 23dzmaz on July 02, 2016, 12:10:28 PM

Maybe it's enough for your hot wallet, but it's not include the promotion like bonus and a campaign like twitter and signature campaign for spread your dice site.

Well i think its enough and its a huge money to start a small gambling casino prmotion is easy you can start in small rate here in our forum before you can start to increase the rate depends how much they promote you sites.
The hard thing is how to secure your gambling casino..

Topic: can i start a btc dice site with 30btc? - page 7. (Read 4426 times)