Hi, guys, I (NAKOWA) was beaten. Lost 5k BTC in two days (Still UP).

Dannie

legendary

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Quote from: GrandmaJean on April 08, 2015, 02:13:06 PM

Quote from: yakuza699 on April 08, 2015, 02:05:14 PM

I was wondering a few days ago but I didn't wanted to bump a very old thread but since it's already bumped I would like to ask what happened to letsdice?

can i ask you how its connected with this thread or im missing something? as far as i understand he lost on just dice

allover/Nakowa has a letsdice signature, and there is a line "From now on, I'll only talk about projects I'm involving, https://letsdice.com, for example." in his OP. So I think he is the owner of letsdice.

Stars

sr. member

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Quote from: GrandmaJean on April 08, 2015, 02:13:06 PM

Quote from: yakuza699 on April 08, 2015, 02:05:14 PM

I was wondering a few days ago but I didn't wanted to bump a very old thread but since it's already bumped I would like to ask what happened to letsdice?

can i ask you how its connected with this thread or im missing something? as far as i understand he lost on just dice

He's still up on JD. He left with his profits to make his own website or something called "letsdice".

GrandmaJean

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Activity: 280

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Quote from: yakuza699 on April 08, 2015, 02:05:14 PM

I was wondering a few days ago but I didn't wanted to bump a very old thread but since it's already bumped I would like to ask what happened to letsdice?

can i ask you how its connected with this thread or im missing something? as far as i understand he lost on just dice

yakuza699

hero member

Activity: 935

Merit: 1002

I was wondering a few days ago but I didn't wanted to bump a very old thread but since it's already bumped I would like to ask what happened to letsdice?

GrandmaJean

sr. member

Activity: 280

Merit: 250

Quote from: madonnino on April 08, 2015, 01:09:21 PM

Quote from: 98problems on April 08, 2015, 12:58:00 PM

Quote from: madonnino on April 08, 2015, 12:45:25 PM

what a story, incredible Shocked

you dug a 2 year old thread just to say that its impressive story? seriously? whats the point?

the point is: remember gamblers, you can have a super bankroll, and lost all

if u don't like this we can cancel the post, and stop

if we will remember gamblers that loose much money people will stop gambling and there wont be any gambling sites

madonnino

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Activity: 322

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I ❤ www.LuckyB.it!

Quote from: 98problems on April 08, 2015, 12:58:00 PM

Quote from: madonnino on April 08, 2015, 12:45:25 PM

what a story, incredible Shocked

you dug a 2 year old thread just to say that its impressive story? seriously? whats the point?

the point is: remember gamblers, you can have a super bankroll, and lost all

if u don't like this we can cancel the post, and stop

micky123

legendary

Activity: 1022

Merit: 1005

Quote from: 98problems on April 08, 2015, 12:58:00 PM

Quote from: madonnino on April 08, 2015, 12:45:25 PM

what a story, incredible Shocked

you dug a 2 year old thread just to say that its impressive story? seriously? whats the point?

Lol i was wondering where this thread came from! Well... looks like post padding to me to build up post count for his signature campaign Wink

. Don't Mods have to lock threads and archive them if they are more than a year old and no bumps or activity?

AltcoinRambo

full member

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I think this is actually appropriate for the occasion!

98problems

sr. member

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Quote from: madonnino on April 08, 2015, 12:45:25 PM

what a story, incredible Shocked

you dug a 2 year old thread just to say that its impressive story? seriously? whats the point?

madonnino

sr. member

Activity: 322

Merit: 250

I ❤ www.LuckyB.it!

what a story, incredible Shocked

bitcoin44me

full member

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MARKETPLACE FOR PAID ADVICE LIVE BROADCASTS

I don't see your point.
You say that because current profit (-3k) is low, it should increase in the future?

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

Quote from: Sterling on September 30, 2013, 09:41:46 AM

Quote from: RationalSpeculator on September 28, 2013, 10:28:22 PM

you will have higher returns than the average and make up your loss.

This is the part I don't get. It doesn't matter when you invest, whether the profit is up or down, or what kind of bets are being made, your chance of winning/losing remain the same (minus the 1% edge).

You are right, that part is not true.

It's not because you will have higher returns than the average investor that you will make up your loss.

Sterling

newbie

Activity: 39

Merit: 0

Quote from: RationalSpeculator on September 28, 2013, 10:28:22 PM

you will have higher returns than the average and make up your loss.

This is the part I don't get. It doesn't matter when you invest, whether the profit is up or down, or what kind of bets are being made, your chance of winning/losing remain the same (minus the 1% edge).

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

Quote from: Sterling on September 30, 2013, 09:12:52 AM

Quote from: RationalSpeculator on September 28, 2013, 10:28:22 PM

If you divest when it's up a few k, and invest when it's down a few k, you will have higher returns than the average and make up your loss. This because when it is up a few k there are more investors and less to earn, whereas when it is down a few k there are less investors and hence more returns on your capital. Basically do the inverse of what the greedy/scared investor does.

That's illogical.

When the site is down, and there are fewer investors, you get higher returns and losses.

Sure losses are higher too when there is less invested capital and you have a higher percentage of bankroll.

But since on average house edge makes 1%, it makes on average profit.

And when house has made a loss, I think the turnover of gambling goes mostly up due to gamblers getting courageous, while the amount of investors goes mostly down due to them getting scared, so an investment gets more bang for it's buck so to speak. You get a larger % of the bankroll and there is more turnover on it. So on average you make more money then.

I'm not talking about the investor's fallacy, indeed chances for house to go up or down are the same when house is in profit or at loss.

Am I making sense or does it look still illogical to you?

Sterling

newbie

Activity: 39

Merit: 0

Quote from: RationalSpeculator on September 28, 2013, 10:28:22 PM

If you divest when it's up a few k, and invest when it's down a few k, you will have higher returns than the average and make up your loss. This because when it is up a few k there are more investors and less to earn, whereas when it is down a few k there are less investors and hence more returns on your capital. Basically do the inverse of what the greedy/scared investor does.

That's illogical.

When the site is down, and there are fewer investors, you get higher returns and losses.

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

Quote from: ?? on ??

Quote from: marcovaldo on September 28, 2013, 06:48:54 AM

He might be able to take all the profit Roll Eyes

Yeah well, the "profit" is only for the guys who just invested, older investors certainly aren't at a profit.
So they took the risks and aren't going to see most of the profits because the investment is now much higher.
Great.

If you divest when it's up a few k, and invest when it's down a few k, you will have higher returns than the average and make up your loss. This because when it is up a few k there are more investors and less to earn, whereas when it is down a few k there are less investors and hence more returns on your capital. Basically do the inverse of what the greedy/scared investor does.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: ?? on ??

Quote from: marcovaldo on September 28, 2013, 06:48:54 AM

He might be able to take all the profit Roll Eyes

Yeah well, the "profit" is only for the guys who just invested, older investors certainly aren't at a profit.
So they took the risks and aren't going to see most of the profits because the investment is now much higher.
Great.

Well, I guess this is the origin of the "investors turmoil" when max profit was taken to 1/4 Kelly. Those of us who never had any doubt about "math working", and also about Nakowa coming back over and over, didn't divest, so we were hit by the big losses while we waited for math and gamblers psychology to their thing. When max profit was taken down to 0,25%, the only way to *try* to recoup quickly that losses was to multiply by four our original investment.

I did so and it worked well, but anyhow it sucks because we were forced to either a) commit four-fold the amounts of coins we were investing in the first place, or b) to stick with huge losses for long.

marcovaldo

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He might be able to take all the profit Roll Eyes

broolstoryco

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Enemy of the State

Quote from: mechs on September 28, 2013, 06:32:32 AM

don't poke the bear

i would love it if he came back

mechs

full member

Activity: 210

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don't poke the bear

Topic: Hi, guys, I (NAKOWA) was beaten. Lost 5k BTC in two days (Still UP). (Read 12597 times)