Topic: New Bitcoin Gambling Website Investors Needed - page 3. (Read 3155 times)

You seem to want the best of both worlds.. Investor takes all the risk and you take all the potential (forced buybacks). 50 BTC also would not be enough to get this going (by the way), you really should have at minimum 100 BTC set aside for a bankroll or its not even worth attempting.

Sorry i almost forgot about your comment. I know its risky because there is no guarantee that the casino will do as well as i hope it will but i know i will do my best to make it successful and be able to make a good profit off of it. And also just like with any investment their is no guarantee including with government bonds because for all you know they could run out of money and wont be able to pay you back so even though government bonds are suppose to be a guarantee but my point is that nothing is a guarantee investment including so called guaranteed investments such as government bonds its just a risk you have to take if you invest in something. And i dont know how to put it in any other way to help make you guys want to invest because im not going to lie and say ots a guarantee because its not its just a risk that the investors and I would have to take. But I may not be taking as much of a financial risk as the investors since they are putting up most of the money but i am still taking a risk including my time and effort that will be put into running and promoting the casino and some of my savings if it comes down to it that i need to put some of my savings into it because i dont want to make the investors have to put in all of the money if there is more to be done that requires more money than what they put in initially.

Okay i understand your concerns so I will offer 50% of the profits and 50% equity to the investors which will be divided out between the investors equally according to their size of investment. But i do want the option to buy back the profits sharing/equity from the investors eventually without the hassle of the investors not wanting to sell, thats the only problem i have is i dont want to not be able to buy back the rest of the business. So if the investors can agree that no matter how big and successful the casino may get i will be able to buy it back according to the value of the share of the business at the time i am able to buy the shares back then i will be fine with giving up half of the equity for now. If you have any other concerns please feel free to comment them below so i can address them as soon as possible. Thank you.

It's seems risky to invest this way. Nothing guarantees the income...

The bigger issue here is that even structured as a "loan," this is a horrible deal. Again, investors front 100% of the risk for a small portion of the profit. And if someone came to him to buy the site, he'd owe you absolutely nothing, getting 100% for himself.

It's just a really bad idea: his knowledge of the sector isn't nearly enough to warrant such a high risk with low rewards. If he had many highly successful sites in his portfolio that he built up, it would be different. But he doesn't. As such, most of us who WOULD possibly be interested would absolutely have to get equity, and with that would come some control over its direction.

Also the reason I put this as sort of a loan is because I initially wanted to put it on a Bitcoin stock market and I tried doing it on BTCPOP but their IPOs are not working right now and they said it could be months before it's fixed and I don't know of any other stock exchanges that use Bitcoin that I can post this on so I just figured I would do it as a loan. But if anyone knows of a Bitcoin stock exchange that I can post this on then please let me know so I can do that instead of the loan.

Well I have seen people give money to Altcoin ICOs without knowing who they were or having anyway to take back their money in case of anything happening. In fact I invested in one called Bitsynq which I didn't invest but around $60-$70 but still they made like 38 Bitcoin i believe it was and now it seems to be a scam and no one can get their money back. But my point is that people are apparently willing to invest in things that they cant have any control over but even though mine is legit I'm just saying that people are willing to invest in scams so why wouldnt they invest in something legit.

There is a big difference between an equity investment and a loan. Perhaps you should post in the lending section instead.

In any case you are almost certainly wasting your time. A reasonable investor does not loan anonymous persons $10,000–let alone $30,000–in unseizable currency.

I just put down the 50% of the profits to make it more intriguing to the investors to want to invest but it's more of just a loan.

Well the whole purpose was for this to not be an actual investment of the business for investors but more of a loan because like I said I would be buying back the investment once I get the money to do so. And the investors would receive their money back plus like 5-10 percent plus the 50% of the business until I can buy it back. So its not a question of what am I bringing to the table that's worth 50 Bitcoin because it's more of just a loan.

Unfortunately your proposal remains very unrealistic. Even completely disregarding the considerable counterparty risk it is a bad deal for investors.

Think of it this way: If investors contribute 50 BTC and get a claim to 50 % of the profits–not even equity–then the whole venture must be worth at least 100 BTC, which in turn means you would be receiving at least 50 BTC in equity without taking on any financial risk.

What are you bringing to the table that is worth 50 BTC?

1. Thank you for telling me about the first and last name thing because I wasn't even thinking about it like that and I will change it now.

2. yes I know 15 Bitcoin is not enough so that's why I would have to put in some of my own money if I could not raise the amount I need which is 50 Bitcoin but the 15 Bitcoin is just enough to get the software nothing more and that's only because the person that's doing it needs the money and is willing to do it for cheaper.

3. You are right I should probably offer more percentage of the profit and I was thinking about that soon after I posted it. So I came up with an idea of 1 Bitcoin for one percent of the business to make up a total of 50% for the 50 Bitcoin I need and the reason I put it in that way is so that if I do not raise the total 50 Bitcoin then I will just say for each Bitcoin that was invested that would be one percent.

Several issues here:

1. No one is going to give you their first and last name so that you can put it in a publicly viewable google doc.

2.
3. 15BTC is not nearly enough to start a casino. Depending on the amount of features/games you want, you will spend a large portion of that 15 BTC (if not all of it) on software. Going cheap on development will almost certainly result in a shitty product thats not secure.

4. You are not offering nearly enough equity, you are asking for investors to foot 100% of the risk for a 25% profit cut (not even equity). It doesn't sound like you are contributing any of your own capital, you are not a developer, and you don't have any experience in the sector.

Hi, I am talking with a developer about building an Online Bitcoin Casino and I will need help in paying the developer, the domain name, hosting for the domain name, hosting for the website, Bitcoin to pay out to anyone who wins if I don't make enough money by that time to pay for their winnings, and to have some backup money just in case something comes up or goes wrong or just any thing that may happen. So I am asking for investors to invest a total amount of 100 Bitcoin which I know is a lot but I suspect I will need every Satoshi of that to get this casino built and off the ground. Now even once the casino is built and its up and running I of course cannot guarantee that it will succeed so please do not invest unless you are willing to take the lose if it does not go well. Also the investment will be for 50% of the casinos profits but I want to let you know now two things. So the investors will receive 50% of the profits from the casino and then when I am able to I will buy back the investors shares I will ask if they would be willing to sell. So I will setup a Google Form for new investors to put in how much they are investing and their transaction ID so I can confirm that they actually invested and I will also setup a Google Spreadsheet of the list of investors and how much they invested so not only I can keep up with the investors but also so the investors can look at it and confirm that their investment has been documented. If any problems come up on my end I will post a comment about it on here as soon as I can and if any problems were to come up on the investors end like for example your investment was not documented then please email me at [email protected] so we can resolve the issue but if there is a problem please do not comment about it instead of emailing me because even though I will try my best to read every single comment but I cannot guarantee that I will be able to do so if there are a lot of comments and even if I am I cannot guarantee that  it will be in a reasonable amount of time so please just email me about it. Thank you and I will be updating this post very soon with the form to fill out when you invest and the list of investors. Also my Bitcoin address is 1CKTiVKpk2ZRyaytUsvvAwX5VjgwDZUuKT and that address goes to a wallet that is specifically for the investments and will not be used for anything else. Also if I do not get at least 15 Bitcoin then I will probably not be able to get the casino and I will of course refund all of the investors as soon as possible. Thank you all for reading and hopefully investing.



!!!UPDATE!!!

I just made the investors form and now I will make the list of investors. Here is the link to the investors form. Also if you want to invest but the form asks for your first and last name just put in like half of your username in the first name section and the other half in the last name section.

https://goo.gl/forms/PN1CmPfLb4ZsqEOC3


!!!UPDATE!!!

I just made the list of investors but of course there are no investors just yet so it will be empty but once investors start investing I will add their information in as soon as possible so if you invest please allow between 24-48 hours for me to update the list of investors to put you down on the list. Thank you.

https://docs.google.com/spreadsheets/d/1nuwNmijw87lpp95RUsRFjSKLC7dzxQ7YWqVUo-BjJPc/edit?usp=sharing


!!!UPDATE!!!
If you invest please do not invest a bunch of small amounts but if you do I will more than likely just add them all up and put it down as one single investment on the list of investors so that way it is easier to do the payouts of the 25% of the profits made.  Also I do not know exactly when payouts will be made when the casino starts making money whether it will be once a week, month, or quarter but it will more than likely be once a month. Thank you.

!!!UPDATE!!!

I had to change the Bitcoin address due to the wallet that I downloaded specifically for this got stuck in the syncing process so I couldn't use it.