bustadice – Dilution fee lowered to 1% - page 47.

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Quote from: Lionidas on December 16, 2017, 07:23:02 PM

Then if he is walking away with atleast 18btc from a 0.05btc deposit then he is lucky and should not tempt fate any further.

Don't think it's the case : if you have a closer look at the screenshot posted on upper right corner you may see an ATL Profit ( seemengly stands for All Time Low Profit) of -1.4xx BTC therefore he deposited at least one satoshi more than that amount to be able to keep on playing and climbing back to 25 BTC profit.

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Then if he is walking away with atleast 18btc from a 0.05btc deposit then he is lucky and should not tempt fate any further.
Losing is the sure way to destroy what you have built up from being just that
lucky. Embarrassed

WEBcreator

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Quote from: RustyNoman on December 16, 2017, 03:20:43 PM

Quote from: yahoo62278 on December 13, 2017, 09:25:23 AM

Awesome site here guys. Backed by RHaver(owner of bustabit). I joined 2 weeks ago and i'm simply killin it. Withdraws are fast n instant as well

If you'll not stop like NOW, you will lose all and you will feel like a F idiot. I'm telling you this with good intentions. Withdraw all, don't touch gambling and enjoy. Otherwise I can guarantee you'll lose ALL.

It is HIS money and he is responsible for that. It seems he is smart enough not to continue. I havent see his name on the site lately probably he has stop after losing 7 btc. That is a huge amount but still he is on positive 18 btc, He wrote once he only made 0.05 btc deposit and make up all those amount well he is quite lucky

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Quote from: yahoo62278 on December 13, 2017, 09:25:23 AM

Awesome site here guys. Backed by RHaver(owner of bustabit). I joined 2 weeks ago and i'm simply killin it. Withdraws are fast n instant as well

If you'll not stop like NOW, you will lose all and you will feel like a F idiot. I'm telling you this with good intentions. Withdraw all, don't touch gambling and enjoy. Otherwise I can guarantee you'll lose ALL.

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Quote from: WEBcreator on December 16, 2017, 02:30:49 PM

Quote from: Lionidas on December 16, 2017, 02:23:36 PM

Quote from: mostkey on December 16, 2017, 01:48:52 PM

Quote from: lite on December 13, 2017, 02:51:39 PM

Quote from: yahoo62278 on December 13, 2017, 09:25:23 AM

Awesome site here guys. Backed by RHaver(owner of bustabit). I joined 2 weeks ago and i'm simply killin it. Withdraws are fast n instant as well

https://i.imgur.com/zXkc8B3.png

Wow, congrats on massive 25 BTC profit! saw few of your bets on high rollers tab, you were betting on 100x multiplier, was it for all bets or only few? crazy profit, you're damn lucky.

this really shows that bustadice gives a real advantage to the players, and until now maybe you sir who has the greatest profit from bustadice. do you still continue the positive trend in bustadice?

I do not think he wishes to devulge in this information on a public forum even if he continues to play on the site.
That is his own decision if he wants to let the players on the site know if he is winning more or if he is losing some of what he has won.
That is the thing with gambling.
You think you are on a roll...
Then the carpet is pulled up from under you and you fall flat to where you began.

What are you trying to say? The information is public and anyone can see his track record here https://bustadice.com/player/yahoo62278. He still got 18 btc profit but his ATH shows that he has made 25 btc that means he lose 7 btc. I say that this is a very good record so far even that he has lost 7 btc playing here recently

Ah I see.
The site has a tracker just like it's predecessor bustabit does (and yes I know they are not affiliated with each other just the owner is an investor).
It does seem he is just trying his luck as he is only betting 0.01btc per roll from that 7btc lost so far.
He probably just turned the autobet script on and let it run.
Just as it does on bustabit with their UI system to place your bets on.
Haven't visited the site yet so this is why I am not familiar with how it works there.

WEBcreator

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Quote from: Lionidas on December 16, 2017, 02:23:36 PM

Quote from: mostkey on December 16, 2017, 01:48:52 PM

Quote from: lite on December 13, 2017, 02:51:39 PM

Quote from: yahoo62278 on December 13, 2017, 09:25:23 AM

Awesome site here guys. Backed by RHaver(owner of bustabit). I joined 2 weeks ago and i'm simply killin it. Withdraws are fast n instant as well

https://i.imgur.com/zXkc8B3.png

Wow, congrats on massive 25 BTC profit! saw few of your bets on high rollers tab, you were betting on 100x multiplier, was it for all bets or only few? crazy profit, you're damn lucky.

this really shows that bustadice gives a real advantage to the players, and until now maybe you sir who has the greatest profit from bustadice. do you still continue the positive trend in bustadice?

I do not think he wishes to devulge in this information on a public forum even if he continues to play on the site.
That is his own decision if he wants to let the players on the site know if he is winning more or if he is losing some of what he has won.
That is the thing with gambling.
You think you are on a roll...
Then the carpet is pulled up from under you and you fall flat to where you began.

What are you trying to say? The information is public and anyone can see his track record here https://bustadice.com/player/yahoo62278. He still got 18 btc profit but his ATH shows that he has made 25 btc that means he lose 7 btc. I say that this is a very good record so far even that he has lost 7 btc playing here recently

Lionidas

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Quote from: mostkey on December 16, 2017, 01:48:52 PM

Quote from: lite on December 13, 2017, 02:51:39 PM

Quote from: yahoo62278 on December 13, 2017, 09:25:23 AM

Awesome site here guys. Backed by RHaver(owner of bustabit). I joined 2 weeks ago and i'm simply killin it. Withdraws are fast n instant as well

https://i.imgur.com/zXkc8B3.png

Wow, congrats on massive 25 BTC profit! saw few of your bets on high rollers tab, you were betting on 100x multiplier, was it for all bets or only few? crazy profit, you're damn lucky.

this really shows that bustadice gives a real advantage to the players, and until now maybe you sir who has the greatest profit from bustadice. do you still continue the positive trend in bustadice?

I do not think he wishes to devulge in this information on a public forum even if he continues to play on the site.
That is his own decision if he wants to let the players on the site know if he is winning more or if he is losing some of what he has won.
That is the thing with gambling.
You think you are on a roll...
Then the carpet is pulled up from under you and you fall flat to where you began.

mostkey

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Quote from: lite on December 13, 2017, 02:51:39 PM

Quote from: yahoo62278 on December 13, 2017, 09:25:23 AM

Awesome site here guys. Backed by RHaver(owner of bustabit). I joined 2 weeks ago and i'm simply killin it. Withdraws are fast n instant as well

https://i.imgur.com/zXkc8B3.png

Wow, congrats on massive 25 BTC profit! saw few of your bets on high rollers tab, you were betting on 100x multiplier, was it for all bets or only few? crazy profit, you're damn lucky.

this really shows that bustadice gives a real advantage to the players, and until now maybe you sir who has the greatest profit from bustadice. do you still continue the positive trend in bustadice?

Lionidas

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Quote from: llyfee4u on December 16, 2017, 08:54:02 AM

I'm quite new to this myself and just trying learn as i go without taking unbalanced risks. I like the simplicity of the site but I think its time though that gambling platforms begin to look at ways of incorporating and accepting alts on their site as Bitcoin's value and tx fees continue rising, not everyone can or even want to have to bet in Bitcoin. A form of conversion or exchange to Bitcoin internally on the platform might work so that we could just deposit any alts that we have for instance.

I agree with the suggestion for these type of sites to survive would be to find a new way to do business.
Because just accepting bitcoin and then only allowing them to bet with bitcoin is going to kill off a site quite quickly.
They need to find a method to be able to convert bitcoin into other forms of other alt coins to be able to use within their own sites.
Or just accept other forms of payments.
Because as we have seen today, bitcoin cost way too much to use for small wagers.
It raised $1200 in the just the past 24 hours and continues to rise. Embarrassed

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I'm quite new to this myself and just trying learn as i go without taking unbalanced risks. I like the simplicity of the site but I think its time though that gambling platforms begin to look at ways of incorporating and accepting alts on their site as Bitcoin's value and tx fees continue rising, not everyone can or even want to have to bet in Bitcoin. A form of conversion or exchange to Bitcoin internally on the platform might work so that we could just deposit any alts that we have for instance.

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Quote from: Josepht on December 15, 2017, 07:18:25 PM

...

Effectively, on bustadice, you have to pay 10% to even be able to invest (which should be covered by people who invest after you, but that's another topic)...

This only works in theory. If everyone is deterred by the 10 % dilution fee, there are no new investors (or only 1-2 odd investments by people, who
don´t know or don´t care).
I concede though that RHavar is right, the limiting factor is not really investments at the moment and
the bankroll is probably big enough.

Quote from: jpcfan on December 15, 2017, 07:28:48 PM

...

well, thank you for clearing that up for me. i still think that is a high fee for investor to exit.
...

The dilution fee is not charged when you divest. It is charged at the start of your investment. What
you are talking about would be a divestment fee (I admit that I originally thought the same as evidenced
by a post in this thread a few weeks ago Grin

).

Quote from: RHavar on December 15, 2017, 07:21:19 PM

Quote from: jpcfan on December 15, 2017, 07:08:55 PM

but yeah 10% of what you invested doesn't sound right. plus investors are -50btc now. so you lose btc on investing and then lose 10% of your remaining funds.

Just so it's clear, the 10% fee goes to the investors (as opposed to the site). So the investors who are at a loss are the ones who benefit from any dilution they are getting.

Imagine on a site without a dilution fee: a whale starts playing, wins a lot from the bankroll, new investors see the good volume and decide to invest. Then the whale busts, and the site profit is at 0. Well the original investors would actually be a loss.

On one hand I'd am starting to think the 10% fee might be a bit too high, but on the other hand the limiting factor that bustadice has right now is players not investors. Having a bankroll bigger than strictly necessary is a really liability. So if I'm being honest, I think with the current volume and size of the bankroll bustadice has it's not worth investing in. But that's not a problem per se, it's a casino not a ponzi =)

As I said I actually do like the general idea of the dilution fee. I just think 10 % is way too high and the investors, who were able to take advantage of the
intial period where you waived the dilution fee are at a disproportionate advantage (which is not necessarily a bad thing, because they might
as well be rewarded for their initial trust and funding of the bankroll).

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I would like to see more sites to start to accept anything other than bitcoin or let the user have to option to deposit what they have including clams or any other crypto they have on hand.
Cause bitcoin is alot to transfer at the moment for even 1mbtc which is reduced to a dust transaction after the transaction fee is taken off to send it.

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Quote from: RHavar on December 15, 2017, 07:21:19 PM

Quote from: jpcfan on December 15, 2017, 07:08:55 PM

but yeah 10% of what you invested doesn't sound right. plus investors are -50btc now. so you lose btc on investing and then lose 10% of your remaining funds.

Just so it's clear, the 10% fee goes to the investors (as opposed to the site). So the investors who are at a loss are the ones who benefit from any dilution they are getting.

Imagine on a site without a dilution fee: a whale starts playing, wins a lot from the bankroll, new investors see the good volume and decide to invest. Then the whale busts, and the site profit is at 0. Well the original investors would actually be a loss.

On one hand I'd am starting to think the 10% fee might be a bit too high, but on the other hand the limiting factor that bustadice has right now is players not investors. Having a bankroll bigger than strictly necessary is a really liability. So if I'm being honest, I think with the current volume and size of the bankroll bustadice has it's not worth investing in. But that's not a problem per se, it's a casino not a ponzi =)

well, thank you for clearing that up for me. i still think that is a high fee for investor to exit.

5% sounds alot better but i'm sure you guys have gone thur the numbers and feel 10% is the correct fee to charge.

BTW i love bustadice, wished they would take other coins too.

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Quote from: jpcfan on December 15, 2017, 07:08:55 PM

but yeah 10% of what you invested doesn't sound right. plus investors are -50btc now. so you lose btc on investing and then lose 10% of your remaining funds.

Just so it's clear, the 10% fee goes to the investors (as opposed to the site). So the investors who are at a loss are the ones who benefit from any dilution they are getting.

Imagine on a site without a dilution fee: a whale starts playing, wins a lot from the bankroll, new investors see the good volume and decide to invest. Then the whale busts, and the site profit is at 0. Well the original investors would actually be a loss.

On one hand I'd am starting to think the 10% fee might be a bit too high, but on the other hand the limiting factor that bustadice has right now is players not investors. Having a bankroll bigger than strictly necessary is a really liability. So if I'm being honest, I think with the current volume and size of the bankroll bustadice has it's not worth investing in. But that's not a problem per se, it's a casino not a ponzi =)

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Quote from: jpcfan on December 15, 2017, 07:08:55 PM

yeah like for example. just-dice, dooglus(owner) takes 10% commission on investors profits once a week. if no profit that week, investors funds are untouched.

but yeah 10% of what you invested doesn't sound right. plus investors are -50btc now. so you lose btc on investing and then lose 10% of your remaining funds.

10% commission on all profits, and 10% investing fee are 2 completely different things.

Effectively, on bustadice, you have to pay 10% to even be able to invest (which should be covered by people who invest after you, but that's another topic), AND they take 25% commission on the profits (not directly, but in the long run they do). Investing here is therefore less attractive if the volume on both sites is the same compared to their bankroll.

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Quote from: Samarkand on December 15, 2017, 09:54:55 AM

Have you thought about removing or at least reducing the "dilution fee"?

I I were to invest 3 BTC right now with 10x leverage, I would pay a dilution fee
of 3 BTC. I understand that this is a redistribution to existing investors in order to
compensate them for getting their investment diluted. However, I think the fee is
simply too high. I would be paying ~51k $ worth of BTC just to invest, which is
completely crazy. Investing in a site bankroll is risky anyway (every Bustadice investor, who has been
invested since the site launch is still in the negative due to players running above EV) and combined
with the dilution fee it gets even more unattractive.

I´d really like to invest in the Bustadice bankroll, but the dilution fee simply is too
daunting. I assume most other potential investors feel the same, because the bankroll size
hasn´t really increased in recent weeks. The current level of the bankroll is basically still comprised of
all the investors, who took advantage of the introduction period where you waived the
dilution fee. Don´t get me wrong, I actually do like the general idea of the dilution fee, I just wholeheartedly
disagree on the amount.

yeah like for example. just-dice, dooglus(owner) takes 10% commission on investors profits once a week. if no profit that week, investors funds are untouched.

but yeah 10% of what you invested doesn't sound right. plus investors are -50btc now. so you lose btc on investing and then lose 10% of your remaining funds.

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Have you thought about removing or at least reducing the "dilution fee"?

I I were to invest 3 BTC right now with 10x leverage, I would pay a dilution fee
of 3 BTC. I understand that this is a redistribution to existing investors in order to
compensate them for getting their investment diluted. However, I think the fee is
simply too high. I would be paying ~51k $ worth of BTC just to invest, which is
completely crazy. Investing in a site bankroll is risky anyway (every Bustadice investor, who has been
invested since the site launch is still in the negative due to players running above EV) and combined
with the dilution fee it gets even more unattractive.

I´d really like to invest in the Bustadice bankroll, but the dilution fee simply is too
daunting. I assume most other potential investors feel the same, because the bankroll size
hasn´t really increased in recent weeks. The current level of the bankroll is basically still comprised of
all the investors, who took advantage of the introduction period where you waived the
dilution fee. Don´t get me wrong, I actually do like the general idea of the dilution fee, I just wholeheartedly
disagree on the amount.

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Great site I just join the signature campaign to promote bustadice though I am not good at gambling but I want to try this since it gives faucet as a sort of small capital maybe if I would be good on betting I can be more active on this site. I just hope I'll be lucky enough to win some bitcoin coz I'm planning to bet some of my earnings in this campaign.

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Quote from: Lionidas on December 14, 2017, 06:27:21 PM

So the site has 2,600 BTC in it's bankroll, did he just take half of the site's profits?

I have no idea how you get to that conclusion but he did win just under 1% of the bankroll.

Quote from: Lionidas on December 14, 2017, 06:27:21 PM

That is a massive amount of btc to win.

It sure is, congratulations yahoo62278!

Quote from: Lionidas on December 14, 2017, 06:27:21 PM

Did they allow him to withdraw within one send or they separate them into multiple ones so to not have to apply a large fee for it to not get stuck on the blockchain?

Bitcoin transaction fees are based on the transaction size in bytes not the transaction value in BTC, so it would result in lowers fees to withdraw all in one transaction.

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Quote from: lite on December 13, 2017, 02:51:39 PM

Quote from: yahoo62278 on December 13, 2017, 09:25:23 AM

Awesome site here guys. Backed by RHaver(owner of bustabit). I joined 2 weeks ago and i'm simply killin it. Withdraws are fast n instant as well

https://i.imgur.com/zXkc8B3.png

Wow, congrats on massive 25 BTC profit! saw few of your bets on high rollers tab, you were betting on 100x multiplier, was it for all bets or only few? crazy profit, you're damn lucky.

So the site has 2,600 BTC in it's bankroll, did he just take half of the site's profits?

That is a massive amount of btc to win.

Did they allow him to withdraw within one send or they separate them into multiple ones so to not have to apply a large fee for it to not get stuck on the blockchain?

Topic: bustadice – Dilution fee lowered to 1% - page 47. (Read 37133 times)