It'd be a really cool leaderboard feature to see the largest tips or most generous tippers of all-time on Bustabit.
The largest rain I've seen was when known scammer and banned bustabit user Enzo rained 1 BTC on 4 people
Topic: bustabit – The original crash game - page 39. (Read 61526 times)
The largest rain I've seen was when known scammer and banned bustabit user Enzo rained 1 BTC on 4 people
Regardless of investments and possible way to try to recoup the losses I think losing that amount of money (whether in Bitcoin or $4.5 million cash) is a huge blow to anybody. It must have a negative effect on the psyche. I think very few people would bet over $4 million at online casinos using a payment card or even by cash at the table at a top casino so why would someone bet it online using Bitcoin?
That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.
I never understood the logic of putting the burden of control to casinos when they are there to literally make money and not to help you out. I never understood the logic of "ban me from your casino because I am a gambling addict" type of idea neither, I understand that it is an ethical thing to do but frankly if I own a casino and there is a gambling addict that keeps losing all his money to me, isn't that great for me as the casino?That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.
I opened this business so people would gamble and lose their money to me, why would I ban them for doing literally what I want them to do? Same goes here, why cap them? Let them lose 100 btc, 300 btc, 500 btc, 10000 btc doesn't matter how much, if they are screwing their own life that is on them, I am here to let them gamble and hope they lose everything they have, why did I started a casino if I do not want gamblers to gamble?
I think Wangtang is ready for war again let's see how much he'll gain this time let's see if this new account of Wangtang would be lucky. How many account does Wangtang already have? it seems that its v6? maybe some users already created 3,4 and 5.
You know what guys? WangTangV2 is back! He is registered on new account with nick WangTang_V6
Get ready, bustabit investor
he goes back real soon it looks like he's ready to take back his recent btc losses. i thought he deleted his account for good but it looks like he delete it and create a new account just to make a new start, looks like everyone's are watching for his come back. Get ready, bustabit investor
Oh come ooonn!! Wang Tang should leave and not gamble anymore, I don't care if he ends up with 1000+ bitcoin profit this time around, obviously dude has a problem and he is not doing well in mindset, you just lost 300+ bitcoins (total of 600+ or so with how much he was profiting) and you are coming back?
I think there should be some sort of help sent on its way to stop him from gambling, this dude could literally lose another few hundred bitcoin and if not stopped this dude could lose all of his money forever. He doesn't seem to be stopping at 300+ so who could say where he will stop, you can't guarantee him stopping at the last dollar, he could go as much as being in debt after losing thousands of bitcoins. This is not healthy and I am very scared for him.
I think there should be some sort of help sent on its way to stop him from gambling, this dude could literally lose another few hundred bitcoin and if not stopped this dude could lose all of his money forever. He doesn't seem to be stopping at 300+ so who could say where he will stop, you can't guarantee him stopping at the last dollar, he could go as much as being in debt after losing thousands of bitcoins. This is not healthy and I am very scared for him.
It'd be a really cool leaderboard feature to see the largest tips or most generous tippers of all-time on Bustabit.
Not sure if that's real wang. That person could be just another impersonator who use similar name with wangtangv2. Real wang were often bet 10, 50, 70, 100, and even 300 bitcoins while that guy only bet much smaller than wangv2 before
You know what guys? WangTangV2 is back! He is registered on new account with nick WangTang_V6
Get ready, bustabit investor
Get ready, bustabit investor
Best of luck he deserves some to recover a bit (assuming he is same.one as wangtang V2).
Going to buy some popcorn and enjoy the action : it really amazes me.
You know what guys? WangTangV2 is back! He is registered on new account with nick WangTang_V6
Get ready, bustabit investor
Get ready, bustabit investor
Surprise Surprise!
I was expecting to be back but not this quick!
Lets see what he can do this time around!
You know what guys? WangTangV2 is back! He is registered on new account with nick WangTang_V6
Get ready, bustabit investor
Get ready, bustabit investor
The risk is definitely there for online casinos and gambling websites if there is a massive win but it also has plenty of problems for gamblers too. With almost no checks and balances in place to cap the amounts being bet by individuals it does create moral and ethical issues as I mentioned in my previous post.
I wonder if devans would consider adding some of cap to amount any given user could bet within a certain period such as 24 hours or 7 days or calendar month and regardless of whether it is considered it would be valuable feedback to hear from devans about his views on placing caps on user bets in general.
Considering how most casinos have wagering limits per bet, usually 10BTC or such, I’m pretty surprised that Bustabit has no wagering limits of its own (based on what I read on the last few pages of this thread, as I never played there).
It’s actually risky for casinos to allow such high bets, because several of these bets made at the same time win large amounts of BTC and normal odds could bankrupt the casinos if they all win. Limits are put in place so whales can’t make huge bets like that for which the casino may not have enough liquidity for paying out and still have enough money to cover operating expenses of the rest of the bets for the day.
I wonder if devans would consider adding some of cap to amount any given user could bet within a certain period such as 24 hours or 7 days or calendar month and regardless of whether it is considered it would be valuable feedback to hear from devans about his views on placing caps on user bets in general.
Regardless of investments and possible way to try to recoup the losses I think losing that amount of money (whether in Bitcoin or $4.5 million cash) is a huge blow to anybody. It must have a negative effect on the psyche. I think very few people would bet over $4 million at online casinos using a payment card or even by cash at the table at a top casino so why would someone bet it online using Bitcoin?
That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.
That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.
Considering how most casinos have wagering limits per bet, usually 10BTC or such, I’m pretty surprised that Bustabit has no wagering limits of its own (based on what I read on the last few pages of this thread, as I never played there).
It’s actually risky for casinos to allow such high bets, because several of these bets made at the same time win large amounts of BTC and normal odds could bankrupt the casinos if they all win. Limits are put in place so whales can’t make huge bets like that for which the casino may not have enough liquidity for paying out and still have enough money to cover operating expenses of the rest of the bets for the day.
Why on earth would a casino limit bets when its entire purpose is to maximize wagered volume?
Also, there is a check in place, it's called a round max profit which is Kelly compliant
In case other people are wondering, there are reports from 10+ users in my server that bustabit is down / not connecting
Edit: it's back up now
Edit: it's back up now
The risk is definitely there for online casinos and gambling websites if there is a massive win but it also has plenty of problems for gamblers too. With almost no checks and balances in place to cap the amounts being bet by individuals it does create moral and ethical issues as I mentioned in my previous post.
I wonder if devans would consider adding some of cap to amount any given user could bet within a certain period such as 24 hours or 7 days or calendar month and regardless of whether it is considered it would be valuable feedback to hear from devans about his views on placing caps on user bets in general.
Considering how most casinos have wagering limits per bet, usually 10BTC or such, I’m pretty surprised that Bustabit has no wagering limits of its own (based on what I read on the last few pages of this thread, as I never played there).
It’s actually risky for casinos to allow such high bets, because several of these bets made at the same time win large amounts of BTC and normal odds could bankrupt the casinos if they all win. Limits are put in place so whales can’t make huge bets like that for which the casino may not have enough liquidity for paying out and still have enough money to cover operating expenses of the rest of the bets for the day.
I wonder if devans would consider adding some of cap to amount any given user could bet within a certain period such as 24 hours or 7 days or calendar month and regardless of whether it is considered it would be valuable feedback to hear from devans about his views on placing caps on user bets in general.
Regardless of investments and possible way to try to recoup the losses I think losing that amount of money (whether in Bitcoin or $4.5 million cash) is a huge blow to anybody. It must have a negative effect on the psyche. I think very few people would bet over $4 million at online casinos using a payment card or even by cash at the table at a top casino so why would someone bet it online using Bitcoin?
That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.
That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.
Considering how most casinos have wagering limits per bet, usually 10BTC or such, I’m pretty surprised that Bustabit has no wagering limits of its own (based on what I read on the last few pages of this thread, as I never played there).
It’s actually risky for casinos to allow such high bets, because several of these bets made at the same time win large amounts of BTC and normal odds could bankrupt the casinos if they all win. Limits are put in place so whales can’t make huge bets like that for which the casino may not have enough liquidity for paying out and still have enough money to cover operating expenses of the rest of the bets for the day.
Regardless of investments and possible way to try to recoup the losses I think losing that amount of money (whether in Bitcoin or $4.5 million cash) is a huge blow to anybody. It must have a negative effect on the psyche. I think very few people would bet over $4 million at online casinos using a payment card or even by cash at the table at a top casino so why would someone bet it online using Bitcoin?
That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.
That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.
Considering how most casinos have wagering limits per bet, usually 10BTC or such, I’m pretty surprised that Bustabit has no wagering limits of its own (based on what I read on the last few pages of this thread, as I never played there).
It’s actually risky for casinos to allow such high bets, because several of these bets made at the same time win large amounts of BTC and normal odds could bankrupt the casinos if they all win. Limits are put in place so whales can’t make huge bets like that for which the casino may not have enough liquidity for paying out and still have enough money to cover operating expenses of the rest of the bets for the day.
.....
And since WangTang_v2's loss is still a hot topic, here is a video of his graph before he deleted the account: https://www.youtube.com/watch?v=1Ac-0_CrHGI
Damn! That's all I can say.And since WangTang_v2's loss is still a hot topic, here is a video of his graph before he deleted the account: https://www.youtube.com/watch?v=1Ac-0_CrHGI
......
I doubt that "small fish" giving advice could be anything bad, there are tons of people who are interested in finances and actually do very well with what they but unfortunately they do not have a decent income so they can't save much and that is why they can't do much for themselves and stay as a small fish but the reality is that they are actually good at what they are doing with the small amount they have.
There's a reason why small fish remain small. Talking is one thing, putting money where your mouth is another. You see a lot of these financial advisors in the field of investments but how many of them are actually applying what they say? They talk about growing money from small investments but they can't do it themselves [particularly true with the bolded part]. I doubt that "small fish" giving advice could be anything bad, there are tons of people who are interested in finances and actually do very well with what they but unfortunately they do not have a decent income so they can't save much and that is why they can't do much for themselves and stay as a small fish but the reality is that they are actually good at what they are doing with the small amount they have.
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Not all whales are smart about money neither, wang is a great example of this by losing hundreds of bitcoins in few minutes only, does that sound like something we can say "well it is his money, he can do whatever he wants" , well doing whatever he wants made him lose hundreds of coins which is a sure fire way to say he shouldn't have done whatever he wanted.
Hehe. Really fascinating. .....
Thats why its called gambling and not investing.
Why do you think there is place called vegas, well because people like to gamble. They like to dream to win big money and its for entertainment.
Investing is a different topic and not even remotely comparable to Gambling.
On point.Thats why its called gambling and not investing.
Why do you think there is place called vegas, well because people like to gamble. They like to dream to win big money and its for entertainment.
Investing is a different topic and not even remotely comparable to Gambling.
It fascinates me when casual gamblers or the so called "small fish" criticizes the gambling habits and strategies of these high rollers then recommends what they should or shouldn't do.
Yep, it's the whale's money after all and they decide best what to do with them. I also find it kinda funny that people get mad at the "small fish" in the chat who start giving advice whenever a whale is betting. It's all human psychology and happens everywhere both in the online and offline world. Doesn't matter if it's an "advice" or "critique" or whatever, these "small fish" will always follow the whale until he's relevant. And since WangTang_v2's loss is still a hot topic, here is a video of his graph before he deleted the account: https://www.youtube.com/watch?v=1Ac-0_CrHGI
Not all whales are smart about money neither, wang is a great example of this by losing hundreds of bitcoins in few minutes only, does that sound like something we can say "well it is his money, he can do whatever he wants" , well doing whatever he wants made him lose hundreds of coins which is a sure fire way to say he shouldn't have done whatever he wanted.
Chasing losses is the beginning of the end, imagine restarting the same old loss circle several times during month 
Wish there was no revenge feeling on our body cells or to temporarily froze the emotions on gambling...
Wish there was no revenge feeling on our body cells or to temporarily froze the emotions on gambling...
I catch myself chassing losses all the time, not so much in BAB. -> it has always failed!
But much more during Sportsbetting. I have gotten better and that has had a positive effect on my BR
-snip-
that's what i'm thinking as well i don't think he will let that Bitcoins go away i think he will be coming back using different alias.
And thats how casinos become rich.
Gamblers that chase their losses
Wish there was no revenge feeling on our body cells or to temporarily froze the emotions on gambling...
It's really wrong to do that but we can't avoid it sometimes and it's surely strike us for so many times that's why we need to learn from it although it's hard since the adrenaline rush is different when we are playing but still we can practice ourself to avoid stress out and enjoy the game, maybe for this we can satisfy ourselves and avoid to chase those losses.
-snip-
that's what i'm thinking as well i don't think he will let that Bitcoins go away i think he will be coming back using different alias.
And thats how casinos become rich.
Gamblers that chase their losses
Wish there was no revenge feeling on our body cells or to temporarily froze the emotions on gambling...
Regardless of investments and possible way to try to recoup the losses I think losing that amount of money (whether in Bitcoin or $4.5 million cash) is a huge blow to anybody. It must have a negative effect on the psyche. I think very few people would bet over $4 million at online casinos using a payment card or even by cash at the table at a top casino so why would someone bet it online using Bitcoin?
That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.
However we also have to realize that he didn't technically lost 10 million dollars, dude lost about 300 bitcoins, rest was from profit and I understand that if he took it out that money would have been his but if we are looking at only the loss, it is 300 bitcoins which is still around 4.5 million dollars or so, still nothing shy of being a huge whale in order to lose that much money. I would say he probably made some good investments that would recoup that eventually, even whatever amount of bitcoin he has could probably gain that much when bitcoin price goes up.
That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.
We can't even try to understand how much he lost could mean to him. I understand that people try to make a calculation, like lets say if you own 100 million dollars and lost 10 million dollars that would be like you having 1000 dollars and losing 100 dollars. However I think it is not like that at all. When you have 1000 dollars and lose 100 dollars, you could simply go to work and save that money back up, 100 dollars is good enough to earn from salary and put aside if you can manage your financial situation, you can actually do that every week/month depending on how much you make. 10 million is not like that at all, you can't just earn 10 million dollars in salary, it would actually take years to recover it from safe investments as well, this is just at a whole another level that we can't even start to comprehend how much he lost. I hope he is doing better than many would because this is really a very upsetting situation for anyone in the world.
I agree that there is really nothing that we could ever compare it to, I mean losing 10 million dollars is not something many people could even understand in feeling, it is something unthinkable for billions of people around the world. However we also have to realize that he didn't technically lost 10 million dollars, dude lost about 300 bitcoins, rest was from profit and I understand that if he took it out that money would have been his but if we are looking at only the loss, it is 300 bitcoins which is still around 4.5 million dollars or so, still nothing shy of being a huge whale in order to lose that much money. I would say he probably made some good investments that would recoup that eventually, even whatever amount of bitcoin he has could probably gain that much when bitcoin price goes up.
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