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Topic: (Closed) Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform (Closed) (Read 274754 times)

legendary
Activity: 1183
Merit: 1000
Will this bot become available for new users in the next time?

Hey Smiley,
    We have no plans to re-open any time in the near future future. I apologize for the inconvenience.

Please let me know if you need anything else at all.

Pablo.
newbie
Activity: 24
Merit: 0
Will this bot become available for new users in the next time?
legendary
Activity: 1183
Merit: 1000

Hi Smiley,
  Unfortunately Butter shuttered its services on December 31st 2015, after all user licenses expired.

It's 13th November to be more specific.



BTW, you could have easily continued your support for Butter Bot since now is the prime time to trade some of the profitable currencies that have launched pretty recently as well as newer exchanges are emerging up with availability of bot-friendly APIs (one such example being YoBit.net). I don't understand why you have deactivated this at this duration! Maybe I missed out a valid reason announced few pages back.

On a friendlier note, please update your OP regarding this.

Hey Smiley,
  I am updating the OP now, thanks for pointing that out Smiley.

The site was shut in July I think but we continued supporting existing licenses until December 31st 2015.

Smiley

Pablo.
legendary
Activity: 1268
Merit: 1009

Hi Smiley,
  Unfortunately Butter shuttered its services on December 31st 2015, after all user licenses expired.

It's 13th November to be more specific.



BTW, you could have easily continued your support for Butter Bot since now is the prime time to trade some of the profitable currencies that have launched pretty recently as well as newer exchanges are emerging up with availability of bot-friendly APIs (one such example being YoBit.net). I don't understand why you have deactivated this at this duration! Maybe I missed out a valid reason announced few pages back.

On a friendlier note, please update your OP regarding this.
legendary
Activity: 1183
Merit: 1000
I used Butter quite a bit a couple of years ago, but then kind of stopped.  I can't remember why.  I'd like to start using a trend bot again, so I came back here.  But I'm not sure if Butter is still active or not?  Can anyone let me know?

Thanks!

Hi Smiley,
  Unfortunately Butter shuttered its services on December 31st 2015, after all user licenses expired.

I'm sorry I couldn't be more help.

Best,
  Pablo.
member
Activity: 68
Merit: 10
I used Butter quite a bit a couple of years ago, but then kind of stopped.  I can't remember why.  I'd like to start using a trend bot again, so I came back here.  But I'm not sure if Butter is still active or not?  Can anyone let me know?

Thanks!
legendary
Activity: 1183
Merit: 1000
Just a quick update on the sale:

We have modified the offer cost to 10k USD.

Just to recap, this includes a database with a couple of thousand users, both the Butter-X and Butter-Bot code, a fully incorporated business (Panama) and an established community (120+ page thread).

We want the project to be taken over by someone who can make it lively and again and finish and launch BX, so if anyone is interested, or knows someone who would be, please PM me.

Smiley

Pablo.

Why you are selling such a popular trading platform ?
Is this site going in loss, If yes then how could anyone will be able to make a living with it as you have mentioned in your post
Or you don't have time to manage it ? Less profit ? Focusing on different projects ?
And did you tried listing this site in Auction ?

Well, the key reason is that although Butter was very profitable for a long period of time, we invested most of the profits (plus some extra) into our next generation platform Butter-X and turned our focus there. This was done with the expectation of carrying out an IPO on Havelock (where we also invested a huge chunk of money). The IPO fell through and we did not have enough money to continue developing X or BB; hence the decision was made to migrate the platform to a new owner or in default, shut down by December 31st this year.

I hope that answers your question Smiley.

Pablo.

Which means the site was not actually in loss but the expectations and usage of money for further development empty your bankroll and later then made your site hard to run, Right ?

And the question is can the site still now generate enough revenue to keep it up and running as it is now in the hands of new owner ?

Yes, you are right.

We had the option to keep running the site, but we were not sure we would be able to maintain new licenses purchased as the new volume of sales without Butter-X and new competitors propping up was uncertain. So we made the choice to protect our users, all our licenses were set to expire by December 31st this year and we had enough funds to run until that date so that's how the decision was made. We didn't want to continue selling licenses and have to shut down before they expired.

The site will likely be profitable for new owners who have reserve operating cash and marketing know how. The outfit we are discussing takeover with is extremely well funded and they are top marketing guys as well as offer world class customer service so I would be very surprised if they don't grow the business substantially given their resources.

Pablo.
legendary
Activity: 1120
Merit: 1001
Just a quick update on the sale:

We have modified the offer cost to 10k USD.

Just to recap, this includes a database with a couple of thousand users, both the Butter-X and Butter-Bot code, a fully incorporated business (Panama) and an established community (120+ page thread).

We want the project to be taken over by someone who can make it lively and again and finish and launch BX, so if anyone is interested, or knows someone who would be, please PM me.

Smiley

Pablo.

Why you are selling such a popular trading platform ?
Is this site going in loss, If yes then how could anyone will be able to make a living with it as you have mentioned in your post
Or you don't have time to manage it ? Less profit ? Focusing on different projects ?
And did you tried listing this site in Auction ?

Well, the key reason is that although Butter was very profitable for a long period of time, we invested most of the profits (plus some extra) into our next generation platform Butter-X and turned our focus there. This was done with the expectation of carrying out an IPO on Havelock (where we also invested a huge chunk of money). The IPO fell through and we did not have enough money to continue developing X or BB; hence the decision was made to migrate the platform to a new owner or in default, shut down by December 31st this year.

I hope that answers your question Smiley.

Pablo.

Which means the site was not actually in loss but the expectations and usage of money for further development empty your bankroll and later then made your site hard to run, Right ?

And the question is can the site still now generate enough revenue to keep it up and running as it is now in the hands of new owner ?
legendary
Activity: 1183
Merit: 1000
Just a quick update on the sale:

We have modified the offer cost to 10k USD.

Just to recap, this includes a database with a couple of thousand users, both the Butter-X and Butter-Bot code, a fully incorporated business (Panama) and an established community (120+ page thread).

We want the project to be taken over by someone who can make it lively and again and finish and launch BX, so if anyone is interested, or knows someone who would be, please PM me.

Smiley

Pablo.

Why you are selling such a popular trading platform ?
Is this site going in loss, If yes then how could anyone will be able to make a living with it as you have mentioned in your post
Or you don't have time to manage it ? Less profit ? Focusing on different projects ?
And did you tried listing this site in Auction ?

Well, the key reason is that although Butter was very profitable for a long period of time, we invested most of the profits (plus some extra) into our next generation platform Butter-X and turned our focus there. This was done with the expectation of carrying out an IPO on Havelock (where we also invested a huge chunk of money). The IPO fell through and we did not have enough money to continue developing X or BB; hence the decision was made to migrate the platform to a new owner or in default, shut down by December 31st this year.

I hope that answers your question Smiley.

Pablo.
legendary
Activity: 1120
Merit: 1001
Just a quick update on the sale:

We have modified the offer cost to 10k USD.

Just to recap, this includes a database with a couple of thousand users, both the Butter-X and Butter-Bot code, a fully incorporated business (Panama) and an established community (120+ page thread).

We want the project to be taken over by someone who can make it lively and again and finish and launch BX, so if anyone is interested, or knows someone who would be, please PM me.

Smiley

Pablo.

Why you are selling such a popular trading platform ?
Is this site going in loss, If yes then how could anyone will be able to make a living with it as you have mentioned in your post
Or you don't have time to manage it ? Less profit ? Focusing on different projects ?
And did you tried listing this site in Auction ?
legendary
Activity: 1183
Merit: 1000
Any updates?

Hey Smiley,
  We are still working on this, it is not an easy process. We should have a definite yay or nay in a few weeks though Smiley.

Pablo.
newbie
Activity: 50
Merit: 0
legendary
Activity: 1183
Merit: 1000
Just a quick update on the sale:

We have modified the offer cost to 10k USD.

Just to recap, this includes a database with a couple of thousand users, both the Butter-X and Butter-Bot code, a fully incorporated business (Panama) and an established community (120+ page thread).

We want the project to be taken over by someone who can make it lively and again and finish and launch BX, so if anyone is interested, or knows someone who would be, please PM me.

Smiley

Pablo.
legendary
Activity: 1183
Merit: 1000
Is Buttet bot still working after sale?

Hi Smiley,
  Yes we are up and running, no worries. Any potential sale will include terms that protect all current license holders Smiley.

Pablo.
staff
Activity: 3374
Merit: 6530
Just writing some code
Is Buttet bot still working after sale?
newbie
Activity: 50
Merit: 0
********************
Update
********************

Guys,
  I would like to inform you all that we have taken the step of offering Butter-Bot and Butter-X domains and IP up for sale.

Let me first stress that we are liquid and all of your current licensees will be respected until they expire which for 99.999% of you is no later than December 31st this year. You can and are encouraged to continue to use your bots until then and you will experience the same level of service.

The dev and I have taken this step after serious consideration. Although we did extremely well for a stratup in terms of sales and revenue, we plowed most of it back into the development of Butter-X; with the hope that we could IPO on Havelock and raise fund to really launch X and expand into Forex and Binaries where we were already making inroads. At the time this looked like a sure thing.

Unfortunately the market changed and it really affected our ability to raise the cash we needed from Havelock, and we have been in a lame duck position since then, so it is best to pass on the torch to a crew with more funds and know-how to plow in the community we have built.

Just want to re-assure everyone that nothing should change on your end and we are still here for you should you need anything.

Pablo.

How much are you looking to sell for and how many users right now? Please PM me!
legendary
Activity: 1183
Merit: 1000
********************
Update
********************

Guys,
  I would like to inform you all that we have taken the step of offering Butter-Bot and Butter-X domains and IP up for sale.

Let me first stress that we are liquid and all of your current licensees will be respected until they expire which for 99.999% of you is no later than December 31st this year. You can and are encouraged to continue to use your bots until then and you will experience the same level of service.

The dev and I have taken this step after serious consideration. Although we did extremely well for a stratup in terms of sales and revenue, we plowed most of it back into the development of Butter-X; with the hope that we could IPO on Havelock and raise fund to really launch X and expand into Forex and Binaries where we were already making inroads. At the time this looked like a sure thing.

Unfortunately the market changed and it really affected our ability to raise the cash we needed from Havelock, and we have been in a lame duck position since then, so it is best to pass on the torch to a crew with more funds and know-how to plow in the community we have built.

Just want to re-assure everyone that nothing should change on your end and we are still here for you should you need anything.

Pablo.
newbie
Activity: 56
Merit: 0

Hi Iron Smiley,
  Yep, that would do the trick

I thought I was the only one up at this ungodly hour Tongue.

Pablo.

Awesome thanks!  Now you may hit the sack!  Grin

legendary
Activity: 1183
Merit: 1000
Hi Pablo,

Another quick question. Is there anyway I could use the bot to execute ONLY buy orders? I prefer to sell manually.

Maybe using a very high sell threshold like 10 or 90 will do the trick?

Hi Iron Smiley,
  Yep, that would do the trick

I thought I was the only one up at this ungodly hour Tongue.

Pablo.
newbie
Activity: 56
Merit: 0
Hi Pablo,

Another quick question. Is there anyway I could use the bot to execute ONLY buy orders? I prefer to sell manually.

Maybe using a very high sell threshold like 10 or 90 will do the trick?
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