Topic: 💰(LIR)💰 LetItRide💰 Dice Tournament LIVE💰 3+BTC in LIR PRIZES💰 Join For FREE - page 184. (Read 255964 times)

Do not have to be mean to me. Sometimes its confusing.

Silly yes. But the devs can not go ahead and put all the orders on the highest bid because that would be unfair. I hope the dev teams makes a statement on this today.

Yes as I thought so that was a silly move by the dude who placed it then.

No it cant be. Once an order is placeed it can only be moved to a higher satoshi value so it can stay on 0.1 or move higher.

Can that 0.1 be removed no?  Yes I do to as it is a little confusing until dev gives update. It is coming along nicely so far though isn't it? Just a few days and it has raised 126btc! Bonuses still available so I'm sure we will see some more big investments.

I don't think that would be good though because someone already has a bid (albeit super a super small one) on 0.1. Which means people who are not on the ball will be paying over $75 a coin. Which give a total market cap of 2.5125e9 yes, that's correct. My calculator cant even do 33 500 000 x 75$

I hope the dev will say today the plan for the red orders.

It could have been any clearer. 33mil are for sale and 0.5mil are the dev fund and not for sale during the ICO. What is not clear is what happens to my bid at the end of the sale when it finishes and it's in red. OP please can you answer?

I think a good thing would be those who are in the red in order all get moved to the highest bid and pay more for not staying on the ball. Guess you will let us know soon enough.

I think .5 million coins are the dev fund so it must be either 33.5 million coins + the devs fund or just 33.5 million coins including the .5 million.
Maybe shogdite or phoenix can clear that up.

Maybe make it with 10 days or 7days remaining. We will need a trusted escrow for it if there are many bets.


Yeah it is 30 million but what about the bids that are lower when the sale finishes?

I recall in one of the dev post they said 30 million, since some are kept for bounties and stuff I think


Awesome, hopefully there will be!

I am setting up a facebook fan page, today, not sure if there will be a facebook bounty though, that is up to the DEV Team here to decide and let us know.

will all the 33.5 million coins be sold on ICO? and what happend to lower bids who will not be sold coins?

id be down for that, i think we can get upto 500 maybe 1000 BTC there is still like 13 days before the sale ends should I make it?

amen, i couldn't have put it better myself

I truly understand the view points from both side of the spectrum. There will always be people who are careful and want to make sure everything is safe and proven before they are willing to try it out or do it. Usually, the best moment to make money is when everyone has yet to make any money from it so these people will tend to loss out a lot. They will settle with safer options and less rewards like 10% or even less ROI.

Whereas you belongs to those who believe in your judgement and is a risk taker. You choose what you believe in and go all in with no fear. The potential is huge as the 'egg' that you invested in can turned out to be a phoenix or it is actually just a spoiled rotten egg.

But no matter what, it is still advisable to spread out your investments. Good luck and hope we can success together with this amazing project.

Getting in early at the start means I'm not strongly being diluted by a ton of other people more so then other well established sites. The way it sounds to me is that once the initial sale is done as long as I don't sell my coins I'm not going to get diluted so it seems like a good opportunity to me to be a part of a profitable organization.

Edit: I see you're a money pot supporter, explains a lot.

I'd like a facebook bounty as well, I am more active on facebook than I am twitter so I think it would be a good idea 

They are asking for a ton of money for something that quite frankly is very cheap to upstart. They have already raised 100k for a product worth a fraction of that, so relatively speaking it is a ton of money for what it is. There is no advantage to an investor buying into this, literally non.

You buy into this and you get 15% cut correct? Say you invest 100 BTC, you technically only "own" 15 BTC worth. You are also relying on the site taking off in terms of traction (very high chance it gets low volume).  
Example of outcome:
- You invest 100 BTC
- Total raised is 1000 BTC
- House does 100k volume (no chance in hell it gets anywhere close to this), at 1% HE that would be an expected 1000 BTC revenue. The investors, who chipped in 1000 BTC, only get 150 BTC from this. Your 100 BTC investment generated a whopping 15 BTC, which is a pitiful return for how low the floor on an investment like this is.

Now, lets do an example for if you did the smart thing and spread your investments out across a few bankrolls of well known sites that already have users (meaning you will for sure get volume, unlike option A):
- You invest 100 BTC
- Total bankroll across all sites is 10,000 BTC (combined BR of multiple sites)
- Total volume across all sites is 300k (combined volume of multiple sites)
- Assume BR gets 50% of EV. 1% house edge
- The bankroll would make an expected 1500 BTC (3000 from the edge, 1500 goes to BR investors)
- In this scenario you would also make 15 BTC. The difference? The floor is MUCH higher AND you still have your original 100 BTC that you can withdraw at any time.

This is such a terrible investment its not even funny.

True I remember with ETH first came out that everyone doubted them. Even now, people are doubting them again because of what's happened causing the price to crash. I will be investing in ETH once again with the full confidence that they will resurge in value and those who didn't get in now will cry later, just like this project.

just wondering guys what will happens to this users that have red bet ?