Topic: [HAVELOCK] CasinoBitco.in (CBTC) IPO Official Thread (Read 25056 times)

No worries. I hope my post didn't come across as too rude. I just like the way you do things and wanted to throw out any ideas that sprung to mind that might help.

Didn't know about that thread. Thanks.

Tobasco - thanks for the very suggestive post! We absolutely take all feedback into consideration, as our success - is our investor's success.

I'm happy to report that a few of the items you mentions are in-flight and hope to be done before the end of this year. (FYI - We just updated Blackjack with some animations and sound effects, I'd love to hear your opinion on those changes!)

FYI - We sunset this thread once Havelock as sold to the Panama Fund, so please be on the lookout for updates in this thread below!
https://bitcointalksearch.org/topic/havelock-casinobitcoin-cbtc-326666

Hi, first post. Been a full-time online gambling affiliate for a few years. Building content websites, SEO, converting visitors, playing at loads of online gambling venues. No experience on the operator side of things, but experienced on the traffic and conversions side.

I like CasinoBitco.in. It's more functional than the other bitcoin casino websites I've tried out. It's certainly basic, but it works well and it's easy to use.

What's the plan for the web development side of things?

I like the way you've set up the site - the sign-up process is quick, and the get started guide upon first log-in is smart. The whole registration process was a good one for me.

As I mentioned, the website is wonderfully functional, but also basic. It doesn't seem as though it would be difficult for a new competitor or an already etablished online casino to start competing for market share in a relatively short period of time.

How can you move far enough ahead right now to give yourself an advantage over emerging competitors? I think Bitcoin casinos and sportsbooks have a future, and it won’t be long before more people arrive to exploit the opportunity. You’ve got a head-start, and I want to believe that you have the ability to remain innovate and continue to improve in the face of inevitable competition.

A few general thoughts:

1. The casino games work well. They’re quick and efficient, and that’s such a breath of fresh air from the existing set of online casinos. But the games are not pretty just yet. They’re not as fun as the colourful slot machines I love to watch, or the sound of being dealt another hand in blackjack that I love to hear.

Is this a limitation of HTML5? Could you improve the aesthetics and gameplay given time? The experience isn’t as good as the one I’m going to get at a Flash casino.

2. http://www.casinobitco.in/bitcoin-casino - Screenshots of the games with bigger “Play Now” buttons would be awesome. I don’t want to have to scroll through a text description of the game. Text descriptions don’t get me excited to play roulette, but having a screenshot of the roulette table will get me clicking.

3. I’m sure you could find a more attractive deck of cards. The current deck design reminds me of my time spent playing Hearts on Windows 95.

4. Why the footer navigation? Wouldn’t sidebar navigation be more practical? This way I can see everything on offer. I don’t have to search for it, or forget about trying different things because all the stuff is buried at the bottom.

I think the site would benefit from taking a few design elements from existing online sportsbooks. I really like Bet365. I think their layout is functional works well. Maintain your own casinobitco.in style of course, but why not grab some ideas?

5. With the small generic logo and large stock photo splashed across the front page, there’s very little to distinguish the site. No brand or feel. It’s easily forgettable.

Also, on the homepage I'm not shown any casino games to choose from, or any cool sports betting options. The focus is for me to "learn more", but all I want to do is create an account and start gambling.

Where’s the fun gambling stuff and how do I get down to it?

How can you get me more excited to start wagering? More importantly, how can you make creating an account as obvious and frictionless as possible?

How about a big registration form? So it’s like “look here, look how quick and easy this is”.

One of the awesome things about Bitcoin is how quick and easy it is to move money, so why not showcase this by highlighting how quick and easy it is to gamble at casinobitco.in, as opposed to trying to sign up and deposit at 888.com? I’m not shown the advantages.

6. I think you could get a sexier logo by running a $400 logo contest.

7. I love the help and support section. You’re doing the important things very right. You’re making me feel comfortable with your well-presented pages than any other online casino does. I’m sure this will give you an edge.

Only about 900,00 shares were actually released - the other 600,000 we planned on releasing were cancelled and returned to the founders.

You'll notice the volume in  trading is very low, in fact - it would only take a few bitcoins to get us back to IPO level (which is a much higher amount if you take into consideration the BTC upswing in price)

1,500,000 more shares were released. When supply goes up and demand stays the same guess what happens?

Who can tell the reason why the price is only    ฿0.00009480 now??

Kololo,

This is precisely the problem with using Bitcoin to invest in enterprises that require conversion to fiat to run their business. Bitcoin is a currency that is appreciating so rapidly that exchanging it for shares in a corporation is extremely complicated and very risky. No security, bond, or fund shares will appreciate in the short or even medium term at a rate even close to Bitcoin, so if you elect to exchange your Bitcoin for shares of an enterprise, you had better take a long position, be patient, and don't commit any more than you can live with losing entirely.

Check out our new thread, and this post on our blog!

https://bitcointalksearch.org/topic/havelock-casinobitcoin-cbtc-326666

http://gambleonlinewithbitcoin.com/blog/?p=65

soo... what happenned to the more to come?

kololo:

I appreciate where you're coming from. Trust me, we wish the BTC price was higher as well, so we could raise more capital. With this move, we have the best interests of CBTC and all shareholders in mind.

For any raise, we have to base it on market demand. As a gaming operation, our results and value are natrually pegged to a mixture of BTC and fiat. Once we show significant regular profits and pay a dividend, the market will increase our valuation.

To raise capital now, this price appears the best possible balance between demand and selling out quickly.

I encourage everyone to calculate what kind of dividend we'll be able to pay with earnings of 50 btc, 100, and higher per month at current prices - which we fully expect to achieve. More to come in a few hours!

Seriously? You are talking fiat now.Why don't I just hold btc till now. I bought beause I want to make more btc.If the
btc price rise to $10000, and you sell share @0.00001 btc equivalent $0.1. So, you will tell me I earn a lot of money?

You gotta keep in mind that this is a BTC & Fiat backed company. Our specific need for fundraising currently is to raise fiat to pay for development and marketing with firms that don't accept Bitcoin.

With that said:

USD Price of BTC on 9/10/13 (first round IPO) : $130
USD Price of BTC currently: $261.40

When we sold out (in less than 2 minutes flat btw) for our first round IPO at 0.00018 that was equivalent to $0.0234. With our next round (at .00015 BTC), we'd be looking at an equivalent of $0.039. Trust that there was a lot of thought and tough decisions to come up with this price, and if the price of BTC didn't double over the past month - we (a) would be trading much higher and (b) be opening up the next round at a much higher price point, probably .00036 minimum.

More details on this rationale and strategy (as it relates to dividends) forthcoming tonight.

So, is that your way to your first round shareholder who [email protected] per Unit  still hold them now?

As mentioned, we are seeking to raise an additional ~500 BTC or fiat on top of our current bankroll for the following immediate uses:

1) Completion of Affiliates (Will spread our SEO and # of views heavily, add repeat players, and immediately list us on top referral-based sites like BetWithBTC.com)
2) Launch of Roulette for our Casino (Currently in functioning developer alpha)
3) Extending our odds via rss/xml live feed (Enables our listing on odds tracking websites
including OddsShark.com and SBR.com, potentially bringing a lot of traffic).
4) Related to #3: addition of more sportsbook leagues features, including potentially cross-sport parlays, teasers, progressives, multichance, if-bets, reverses, and round robins, as well as buying/selling points functionality.
5) Launch of Sic-Bo (#2 Asian market game)
6) Native multiple language support and translations (Chinese, Russian, etc.)

- Once the above items are largely completed, we plan to execute promotional marketing campaigsn with one or more top-tier sportsbook portal/forums. We're currently in talks with Covers, EOG, TheRx, and other players, and are ready to start with these portals at any time, which will include banner/newsletter/forum/article and social media presence.

Edit: Our total spend on marketing may be ramped up to roughly the $5k a month range, once started.

Timing is key here to take advantage of peak season with all major sports in-season. We're willing to accept Bitcoin or fiat in exchange for equity in the form of CBTC shares. PM myself or casinobitco for more details.

Good job,you guys did a lot hard work.

Promotes security exchange and stability so yes in a sense in my opinion

Somehow related to CFIG ?

Thanks - we're working hard and are confident we're on the right path here!

We are very happy and thrilled that Havelock has been acquired by the Panama Fund, its great for us and even better for investors. We don't have an exact timeframe on the release of the next round of shares, and there is still a potential that we don't release those shares - but we will know by early next week the method in which we are going to pursue for additional funding.

Great work casinobitco. Strong reviews and impressive progress with the site. I appreciate your candor with the professional betting issues and it appears your response was timely and effective. Keep to the grind and I, for one, am not terribly concerned about dividends. Keep reinvesting and growing the business.

On a separate note, Havelock has been acquired by The Panama Fund. Thoughts or concerns? When can we expect the next release of shares?

It's great to see that income went up in the last two weeks. I'm hoping this wasn't just variance, though, and that it continues. If it does, we just might see dividends next month, .