DEVTOME.COM HOSTING COSTS HAVE BEGUN TO EXCEED 115$ MONTHLY. THE ADMINISTRATION IS NO LONGER ABLE TO HANDLE THE COST WITHOUT ASSISTANCE DUE TO THE RISING COST. THIS HAS BEEN OCCURRING FOR ALMOST A YEAR, BUT WE HAVE BEEN HANDLING IT FROM OUR OWN POCKETS. HOWEVER, WITH LITERALLY NO DONATIONS FOR THE PAST 2+ YEARS IT HAS DEPLETED THE BUDGET IN SHORT ORDER WITH THE INCREASE IN ACTIVITY ON THE SITE IN THE PAST 6 MONTHS. OUR CPU USAGE HAS BECOME TOO HIGH TO REMAIN ON A REASONABLE COSTING PLAN THAT WE COULD MAINTAIN. IF YOU WOULD LIKE TO SUPPORT THE DEVTOME PROJECT AND KEEP THE SITE UP/ALIVE PLEASE DONATE (EVEN IF ITS A SATOSHI) TO OUR DEVCOIN 1M4PCuMXvpWX6LHPkBEf3LJ2z1boZv4EQa OR OUR BTC WALLET 16eqEcqfw4zHUh2znvMcmRzGVwCn7CJLxR TO ALLOW US TO AFFORD THE HOSTING.

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Casino Bitcoin December Report

The Casino Bitcoin December report has been released, and it has been very favorable. A couple a months ago we were losing money each day from the site (and therefore were not getting any dividends), but the past two months we have been on an up hill trend. In fact, this month showed an increase of profit of almost 30%. This might not seem like a lot, but consider that this is over a period of only a month, meaning the profit is increasing at an average of 1% per day. If they can keep this trend up, I have the feeling that we are going to be seeing some very nice dividends soon.

Acquisition of New Sites

One of the plans that Casino Bitcoin is pushing is to acquire other gambling sites. My thoughts on this are a bit iffy at this time, being that market share has not been obtained and it is still a pretty competitive area. While I understand the idea behind it (which is to buy up sites to increase the size of Casino Bitcoin), I still think it may be a bit too early to make those calls. It is simply too difficult to see which sites are the most viable, and what their value is.

On the other hand, with Bitcoin still growing in popularity, this could very well be the best time to pick up other sites. Assuming they are going to experience their own organic growth, this means that their value would be higher later and money would be saved by picking them up before that happens. Along with this, it would allow for growing a bigger brand with the same advertising dollars that are already being spent. This would cut down on costs (if we look at it as being relative to the size of the site), effectively making things much cheaper to deal with.

It is really a tough call here. As stated, it could really go both ways. The problem is that either way ends up being its very own risk. Jumping in too soon can cause monetary loss, and jumping in too late can cause the same thing (by increasing the costs compared to what they would be at now). Ironically, the decision ends up essentially just being a gamble all on its own. I just really hope that Casino Bitcoin does a lot of research in to and fully vets out anyone that they plan to be doing business with. One wrong move could cost the site, as well as the investors (like myself) a lot of money.

One thing we can really comment on right now is the trend. Over the past few months, the number of visitors to the site, the number of players and the site's profit have been going up. This is pretty awesome, considering Bitcoin is still considered as being somewhat volatile (although it has been calming down quite a bit as of recently and while it is still going up in value, has been doing so much more slowly). This is going to show that even with Bitcoin not being completely stable, it is still a viable option for doing sports betting or hanging out in the casino. I fully expect that as Bitcoin matures a bit more, we will see more and more play on the site and therefore more profit.

Final Notes

An interesting statistic I saw showed that well over half of the new visitors to the site end up playing something. This is an awesome conversion rate. Being that the investor letter stated that the site will also be going through a redesign (or at least that it is finished and will be rolled out early this month), we could very well see an even bigger influx of players. The new site could also have the opposite effect, pushing people away, but I am hopeful that if that happens Casino Bitcoin will reverse the changes and pay more attention to what is pushing the site and company further and less about what they personally think looks the best. As an investor, I care about one thing: growth of my investments. And with how much the prices of the stock shares have tanked since the first month where no dividends came in, all I can really do at this point is hope that the future has some awesome stuff for us. With that said, if each month the dividends are above and beyond what they were the month before, I will be one happy person!

Investing


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