🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021 - page 10.

Chikito

legendary

Activity: 2366

Merit: 2054

I am surprised they close the website and didn't sell it to the new owner. he doing a good reputation and make Yolodice name stay trusted.

Quote from: JohnBitCo on February 21, 2021, 12:40:48 AM

Quote from: NotATether on February 20, 2021, 10:43:42 PM

Quote from: FIFA worldcup on February 20, 2021, 10:27:47 PM

Since you have decided to close this business, it is possible that you put your site on auction and sell it instead of completely closing it ?
This way the site will continue to run but under the new management. I know some investors may be willing to buy a running business.

When you auction a casino that has people's investments on the bankroll you can't just sell it to anybody. You have to make sure the buyer can be trusted to not steal the bankroll since the whole thing becomes wide open to them.

I don't know the size of YOLOdice's bankroll but I doubt Ethan would sell the domain to some random stranger on the internet.

Even if he sell the domain and casino, i will quit Yolodice as i will not trust the new people managing the same gambling casino. Since we would not know their reputation they can use the name of yolodice to scam people. I will not encourage this idea of selling this domain to any random person for money.

Better to do not sell it to a new owner, In the near future, if He wants to come back, he will launch the website without a problem

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: ethan_nx on February 20, 2021, 06:35:44 PM

THANK YOU! It's really hard to express how much I will miss YD, and how much I am happy for these 4 years - it was really fun. But as I hinted in the explanation, the real-world value of coins are kind of killing the fun. Not to mention the crazy transaction fees that kill the fun completely for smaller players.

Thanks again, I'll stick around!
Cheers,
Ethan

If you are worried about the current value and the high fees you can adopt those coins which have smaller transaction fees like xrp and tron or maybe add a stable coin like USDT so that small players can still enjoy playing here.

Anyways seems you are planning something new since you said a certain type of option here and we will respect your decision upon suspending your operations.

Good luck for future new ventures or possible comeback.

Clement Kaliyar

hero member

Activity: 1302

Merit: 532

Quote from: coolcoinz on February 21, 2021, 03:16:47 PM

So you've invested in a company, the company has been taking a loss and eventually was forced to shut down. It's a normal situation.

So are you saying that Yolo was at a loss for a long time and hence they are force to close their business.

Quote from: coolcoinz on February 21, 2021, 03:16:47 PM

If you theoretically held YD's stock, you'd feel the same. They'd take losses and eventually go bankrupt not allowing investors to earn back and it wouldn't be anything unusual.

The situation is right, if a company is taking a loss then the stock will go down but the investor will know the situation at every point and if i remember in the case here they were transparent with everything.

Quote from: coolcoinz on February 21, 2021, 03:16:47 PM

I also believe that allowing someone else to try to run the business might be a safe way out, but it's not my decision to make.

If the owners ever plan to sell the site they should inform everyone that the team has changed hands and it is difficult to find a trusted team to run the business and hence they are closing.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

It is always sad to hear when a site we know for a long time closing their doors. Whenever i played i had a good time and thank you Ethan and Scott for the show and hope the team will return after a much deserved break. The words are touching, sure the market has grown and with these increase in valuation the risk is higher, i can very well understand the position.
Good luck with your future endeavour.

Tstar

legendary

Activity: 1176

Merit: 1005

Decentralized Asset Management Platform

Quote from: ethan_nx on February 20, 2021, 12:26:44 PM

Sorry to hear that.

YOLOdice was one of the few sites offering something new a few years ago. While I'm not playing there for a long time, I made some coins from investment back then

Good luck with all your future projects!

coolcoinz

legendary

Activity: 2744

Merit: 1174

Quote from: Stalker22 on February 21, 2021, 01:58:02 PM

Quote from: acquafredda on February 21, 2021, 12:56:42 PM

Why are you guys whining about YD's investment scheme? It is true that over a long timeline the house always wins but sometimes there is a thing called variance that allow people to be lucky and that can smash any house edge that is in place.
Any investment comes with some risks and I would say that is true especially with these kind of risks.

Because many of the investors in LTC bankroll are in a loss since August last year. I don't know if you're familiar with the events of that period.

Quote from: ethan_nx on August 28, 2020, 10:58:05 AM

Our LTC bankroll took a serious hit last week but it's getting up again. It might take a while, but hey - investing is long-time, right?

Many believed that eventually losing funds would be recovered, but now there is no time because the website is shutting down.

So you've invested in a company, the company has been taking a loss and eventually was forced to shut down. It's a normal situation.
If you theoretically held YD's stock, you'd feel the same. They'd take losses and eventually go bankrupt not allowing investors to earn back and it wouldn't be anything unusual.
I also believe that allowing someone else to try to run the business might be a safe way out, but it's not my decision to make.

Good luck with your future projects, Ethan and Scott!

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: ethan_nx on February 20, 2021, 06:35:44 PM

Thanks for all the warm words! What you said, and reaction of people in the Chat almost made me change my mind :-)

But seriously, I am not saying "never", so maybe YD will have it's comeback. I just don't know yet.

THANK YOU! It's really hard to express how much I will miss YD, and how much I am happy for these 4 years - it was really fun. But as I hinted in the explanation, the real-world value of coins are kind of killing the fun. Not to mention the crazy transaction fees that kill the fun completely for smaller players.

No worries, I cannot stand doing just nothing, so I'll probably come back with something new. Maybe a distributed, consensus-based, verifiable game?

I think this was the right decision at the right time honestly. Right now decentralized gambling is becoming bigger and bigger, that way people do not really have to worry about everything from security to safety of funds and many other things, here we have been talking about how LTC investors lost 80%+ in just past 1 year and we have talked about all the problems and on top of that you worked on not to have more than that, these were just the ones we faced even after you worked so hard. At the end of the day we know you, you will do something amazing once again, but yolodice was just getting way too old, the idea of it became a bit ancient by all the improvements in the crypto world.

I would say give a break for a while, handle this and until summer figure out what you will do for people who are not withdrawing their money because believe me there will be people who are not withdrawing their money. Eventually after the summer you will come back with something major, I know it.

Stalker22

legendary

Activity: 1526

Merit: 1359

Quote from: acquafredda on February 21, 2021, 12:56:42 PM

Why are you guys whining about YD's investment scheme? It is true that over a long timeline the house always wins but sometimes there is a thing called variance that allow people to be lucky and that can smash any house edge that is in place.
Any investment comes with some risks and I would say that is true especially with these kind of risks.

Because many of the investors in LTC bankroll are in a loss since August last year. I don't know if you're familiar with the events of that period.

Quote from: ethan_nx on August 28, 2020, 10:58:05 AM

Our LTC bankroll took a serious hit last week but it's getting up again. It might take a while, but hey - investing is long-time, right?

Many believed that eventually losing funds would be recovered, but now there is no time because the website is shutting down.

macson

full member

Activity: 1120

Merit: 151

Catalog Websites

Quote from: hatshepsut93 on February 21, 2021, 09:33:55 AM

snip

Quote from: ethan_nx on February 20, 2021, 12:26:44 PM

For us though, dice games were much more fun when the cryptocurrency world was smaller, and the coins themselves were (sort of) detached from the real-world value. Bitcoin and other coins are much more than they used to be a few years ago. Crypto is goin mainstream in a big way. Cryptocurrencies are not for geeks any more, they became the cutting edge of the future financial world.

Do you mean the price growth and other events have negatively impacted crypto gambling? I'm curious to hear more.

I have never been a user of Yolodice but am very curious about this question. I am quite surprised why in the current bullish time, Yolodice, which has been running for 4 years (I read from the beginning) closed their gambling business.

acquafredda

legendary

Activity: 1316

Merit: 1481

Why are you guys whining about YD's investment scheme? It is true that over a long timeline the house always wins but sometimes there is a thing called variance that allow people to be lucky and that can smash any house edge that is in place.
Any investment comes with some risks and I would say that is true especially with these kind of risks.

Stalker22

legendary

Activity: 1526

Merit: 1359

Quote from: onrise on February 21, 2021, 11:25:01 AM

Its going to hurt to investors as well, because those who are in deep red or in loss would have kept it invested in the site for longer time considering someday they would make a return or atleast will be near no profit no loss zone. But with sudden intimation investors will now have to book losses unless something changes in last 1 week and the losses get reduced. It's hard but finally its now fact where Yolo is suspending and will have to move on.

Yes, exactly. I'm one of them. I really expected that, with the lower commission on the LTC investments, I will have a chance to return the lost stake.
Now I know this is not going to happen and this has been one of the worst investment decisions for me.

Ofcourse there are always some who do get lucky and money hits them in the sweet spot, but its never happened to me and not sure it is going to ever happen.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Actually I never expected such one of the dice site will suspend their service when the cryptocurrency adoption is at its peak but let's hope everything is happening for a good reason. I don't have much experience with playing on Yolodice but I played very few bets for testing purpose.

And also everyone should withdraw if there are any balance left in their account because people wakeup after a long sleep will call such sites as scammers for their ignorance.

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

Quote from: sujonali1819 on February 21, 2021, 10:55:45 AM

It was very fantastic journey by yolodice. They had being doing their job with the power of honesty. That why they were successful in there business. But people did not expect something like this closing news will come too soon. Really very sad news for the players and also the team.

Since they are saying this will resume one day in future, let's think positive and they will come back soon even in few months.

Yeah I fully support Yolodice they have done their best and are running a long campaign but this is the last week for the participants but I am sure he is very happy with this announcement in the sense that he has done a great job with Yolodice.

I know Yolodice is a well-known gambling platform since a long time ago they have been giving big wins to its users in a fair manner, of course they prioritize it hopefully this is not the end of everything in promoting in this forum.

onrise

sr. member

Activity: 1512

Merit: 316

Quote from: arallmuus on February 21, 2021, 08:51:26 AM

Quote from: ?? on ??

-0.214 btc
-1.476 ltc
-98,889 doge

Thats over $17k down the drain with the current price. Part of the investing risk though

Its going to hurt to investors as well, because those who are in deep red or in loss would have kept it invested in the site for longer time considering someday they would make a return or atleast will be near no profit no loss zone. But with sudden intimation investors will now have to book losses unless something changes in last 1 week and the losses get reduced. It's hard but finally its now fact where Yolo is suspending and will have to move on.

Saint-loup

legendary

Activity: 2604

Merit: 2353

Quote from: Oilacris on February 21, 2021, 09:13:10 AM

Quote from: ?? on ??

this is the worst investment i have ever made and now that it is disappearing it is just a loss

When you do tend to make an investment, havent you considered about the risk? If you are seeing negative wayback before then why you havent pulled out your investment
rather than waiting for it to become deeper?

Yeah, losing investment do hurts but doesnt mean that you would really be blaming and whining off because you had lost your investment.
They wont be closing without valid reason and if they intent to make more then closing option will not be into their consideration.

Sad to see an another great dice site do close its doors.

I don't understand what you mean. According to you, he shouldn't complain for having lost all that money and he should just shut his mouth?
Why he wouldn't be free to expose his loss? Does he owe you something?

sujonali1819

legendary

Activity: 2436

Merit: 1189

Need Campaign Manager?PM on telegram @sujonali1819

It was very fantastic journey by yolodice. They had being doing their job with the power of honesty. That why they were successful in there business. But people did not expect something like this closing news will come too soon. Really very sad news for the players and also the team.

Since they are saying this will resume one day in future, let's think positive and they will come back soon even in few months.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

It's very sad to see one of the, if not the, best dice sites to be closed, especially since it's one of the few sites that allowed to be an investor. But I totally understand that running such site is a heavy burden, so best of luck to you Ethan with whatever you are planning to do now.

Quote from: ethan_nx on February 20, 2021, 12:26:44 PM

For us though, dice games were much more fun when the cryptocurrency world was smaller, and the coins themselves were (sort of) detached from the real-world value. Bitcoin and other coins are much more than they used to be a few years ago. Crypto is goin mainstream in a big way. Cryptocurrencies are not for geeks any more, they became the cutting edge of the future financial world.

Do you mean the price growth and other events have negatively impacted crypto gambling? I'm curious to hear more.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: ?? on ??

this is the worst investment i have ever made and now that it is disappearing it is just a loss

When you do tend to make an investment, havent you considered about the risk? If you are seeing negative wayback before then why you havent pulled out your investment
rather than waiting for it to become deeper?

Yeah, losing investment do hurts but doesnt mean that you would really be blaming and whining off because you had lost your investment.
They wont be closing without valid reason and if they intent to make more then closing option will not be into their consideration.

Sad to see an another great dice site do close its doors.

arallmuus

legendary

Activity: 2562

Merit: 1414

Quote from: Timetwister on February 21, 2021, 08:37:53 AM

I don't know how much are their expenses, but I bet this business is very profitable. If they don't want to manage it anymore, I'm sure they could find someone to do it, pay them generously and still make a lot of money. Just closing it seems like the worst possible option.

Its the best possible option for everyone. If Ethan doesnt want to run it anymore then there is no reason to continue the site at all because the players trust Ethan not some 3rd party to run the site

Quote from: Timetwister on February 21, 2021, 08:37:53 AM

I think that selling it may be hard as unless the buyer is very well known (imagine it was bought by Bustabit for example), both players and investors may prefer going somewhere else.

Why would another gambling site purchase this site? There is no reason in doing it at all because all of those players in YOLOdice would be searching for another site to play after 15th March so all of the other site would be getting more potential loyal players even without having to purchase this site or do anything about it

Quote from: ?? on ??

-0.214 btc
-1.476 ltc
-98,889 doge

Thats over $17k down the drain with the current price. Part of the investing risk though

Timetwister

legendary

Activity: 1199

Merit: 1047

Quote from: ?? on ??

meanwhile the site has made for the owners

+430.917 btc
+6,946 ltc
+109,684,179 doge
+4,305 eth

so they have made tons of commission while a lot of us lost a lot of our investments. if we were still on the old method of profit sharing i think we would actually be ahead instead of so negative. our investments pretty much just went into the hands of the site owners

at todays prices the site has made the owners $41 million just since going to the new model if we include eth totals in there

I don't know how much are their expenses, but I bet this business is very profitable. If they don't want to manage it anymore, I'm sure they could find someone to do it, pay them generously and still make a lot of money. Just closing it seems like the worst possible option.

I can understand they not giving a shit anymore as they probably are making a lot with their crypto investments, but they can just delegate this job and still be making money from it, instead of killing the golden goose. I think that selling it may be hard as unless the buyer is very well known (imagine it was bought by Bustabit for example), both players and investors may prefer going somewhere else.

Topic: 🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021 - page 10. (Read 143533 times)