is moneypot over?
can i use moneypot now?
Topic: Moneypot just took a huge loss? - page 2. (Read 7615 times)
Hmm removing that footer should be extremely easy. I wonder why does it take so much time for them to react, or maybe why did they ignore your reasonable request multiple times.
Everything has been slower ever since the new owner took over. It has been atleast 1 month or more after the purchase and there isnt anything new yet , not sure if they are just going to leave it as it is and hope to get back their bitcoin from the purchase first or whatever. Besides that, blazed small withdrawal took a while for him as well which has been resolved now
Speaking of Moneypot, does anyone else notice that the footer of the MoneyPot page is still unchanged? "MoneyPot S.L.R. is a fully incorporated Costa Rican gaming company"
Yeah, that's actually my company (which they didn't buy), which operates bustabit.com (but not moneypot.com) I've asked them a few times to remove it from their footer, but am still waiting for them to do so.
Hmm removing that footer should be extremely easy. I wonder why does it take so much time for them to react, or maybe why did they ignore your reasonable request multiple times.
Speaking of Moneypot, does anyone else notice that the footer of the MoneyPot page is still unchanged? "MoneyPot S.L.R. is a fully incorporated Costa Rican gaming company"
Yeah, that's actually my company (which they didn't buy), which operates bustabit.com (but not moneypot.com) I've asked them a few times to remove it from their footer, but am still waiting for them to do so.
Well at least MP has recovered 10 BTC. Now investors are at around -14 BTC, which is a nice recovery.
Speaking of Moneypot, does anyone else notice that the footer of the MoneyPot page is still unchanged? "MoneyPot S.L.R. is a fully incorporated Costa Rican gaming company"
Speaking of Moneypot, does anyone else notice that the footer of the MoneyPot page is still unchanged? "MoneyPot S.L.R. is a fully incorporated Costa Rican gaming company"
The new owner probably purchase the license from ryan as well so the footer remain unchanged or if they didnt purchase it from ryan then all they need to do is to take down that words, not really a big deal anyway. Regarding the profit, it seems betterbets has made a good profit so far for moneypot
Bets Profit 28,218,020.56 bits (1.49%)
Expected Profit 18,845,955.14 bits (1.00%)
there are also other apps beside BB which made a nice profit. just for info in case you oversaw it
Well at least MP has recovered 10 BTC. Now investors are at around -14 BTC, which is a nice recovery.
Speaking of Moneypot, does anyone else notice that the footer of the MoneyPot page is still unchanged? "MoneyPot S.L.R. is a fully incorporated Costa Rican gaming company"
Speaking of Moneypot, does anyone else notice that the footer of the MoneyPot page is still unchanged? "MoneyPot S.L.R. is a fully incorporated Costa Rican gaming company"
The new owner probably purchase the license from ryan as well so the footer remain unchanged or if they didnt purchase it from ryan then all they need to do is to take down that words, not really a big deal anyway. Regarding the profit, it seems betterbets has made a good profit so far for moneypot
Bets Profit 28,218,020.56 bits (1.49%)
Expected Profit 18,845,955.14 bits (1.00%)
Well at least MP has recovered 10 BTC. Now investors are at around -14 BTC, which is a nice recovery.
Speaking of Moneypot, does anyone else notice that the footer of the MoneyPot page is still unchanged? "MoneyPot S.L.R. is a fully incorporated Costa Rican gaming company"
Speaking of Moneypot, does anyone else notice that the footer of the MoneyPot page is still unchanged? "MoneyPot S.L.R. is a fully incorporated Costa Rican gaming company"
]This is of course assuming that there is sufficient gambling volume that will allow the bankroll to recover.
Moneypot will live as long as betterbets.io is still on moneypot. There are alot of other site as well however betterbets made alot of volume for them, without betterbetsthen it will probably take alot longer than expected . It will take some time but the volume needed to recover will be there.
I am not so sure about it because nowadays their wagering is not as huge as the past few months ago. Because most of their big whale is already out from there. But I admit it that betterbets is giving the huge contribution for moneypot so that moneypot can still recover their loss before
I am not sure if the big whales has left Betterbets, but AFAIK Betterbets is still by far the most popular app on the Moneypot platform. Since the transfer of ownership of Moneypot, the total wagered on all apps combined is 2962 btc in which 1583 btc or 53.4% is on BB.
i would see this as an win win situation for both betterbet and moneypot. With moneypot, more confidence will be in betterbet even though it was famous before. I feel that when it link with moneypot, a lot of new comers still to swarm in and keep it lively and become a great place to play. that is how i feel it is able to sustain the crowd from leaking out. However, that is really my personal opinion.
]This is of course assuming that there is sufficient gambling volume that will allow the bankroll to recover.
Moneypot will live as long as betterbets.io is still on moneypot. There are alot of other site as well however betterbets made alot of volume for them, without betterbetsthen it will probably take alot longer than expected . It will take some time but the volume needed to recover will be there.
I am not so sure about it because nowadays their wagering is not as huge as the past few months ago. Because most of their big whale is already out from there. But I admit it that betterbets is giving the huge contribution for moneypot so that moneypot can still recover their loss before
I am not sure if the big whales has left Betterbets, but AFAIK Betterbets is still by far the most popular app on the Moneypot platform. Since the transfer of ownership of Moneypot, the total wagered on all apps combined is 2962 btc in which 1583 btc or 53.4% is on BB.
]This is of course assuming that there is sufficient gambling volume that will allow the bankroll to recover.
Moneypot will live as long as betterbets.io is still on moneypot. There are alot of other site as well however betterbets made alot of volume for them, without betterbetsthen it will probably take alot longer than expected . It will take some time but the volume needed to recover will be there.
I am not so sure about it because nowadays their wagering is not as huge as the past few months ago. Because most of their big whale is already out from there. But I admit it that betterbets is giving the huge contribution for moneypot so that moneypot can still recover their loss before
a lot of people like to have the ideas of big whales coming to play it out. i believe the right behaviour should be focus on how to attract more players as it is not very healthy for sites or apps just to depend on a few big spenders to survive. similarly, if we are too dependent of the whale, wont that also means on a lucky day, the whales can severally dump our pots which is not a good thing to have.
today i just went to see my moneypot and the drop is really very huge for me. it is gonna to take months to recover the losses.
I think "months" would very likely be an overstatement. In post #3, ndnhc posted that the investor profit was -27.3 btc on Jan 29. At this moment, the investor profit is only -19.0 btc. With this trend, the number could turn back positive in a month or so, but of course it could also receive another heavy blow.
And in the first 30 days, the site ended up like +28 BTC, so following that pattern, it should just be a couple weeks for breakeven.
I don't think we should be thinking in months, as it depends who and what amount they bet. Some whale could boost moneypot profit by a few bitcoins in less than a day if they are unlucky and bet a lot, but if no one bets a large sum of money, it could take many months to recover. It depends; investing is kind of like gambling, except of course, it is much safer.
Definitely true, but when you don't have outside information available, you have to extrapolate from what you already know. The past month and a half is all there is to go by, and you can't necessarily rely on whales, so in terms of safety (read: a generalized idea) it's best to look at it as if things continued the same path, with the same loss/win ratio (note that this also differs, due to variance). At least to me, it's safer to assume it'll take 1.5-2 months than it is to keep thinking "a whale could turn this around TOMORROW!" In the former, it's more conservative.
i would also like to think it as a safe approach. cant just always rely on the big whale to cash in for us. there will also have a limit to how much they can cash in and the huge risk they give us when they are betting too. huge whales have shown in the past that they can too damp our reserve by a lump sum too.
I think plinko game is quite dangerous for moneypot. When they go beyond offering only dice games, they have to face this huge loss. I would like to say it is glitches in their api making them loss rather someone being over lucky to won big.
What do you mean by "glitches in the api"? Are you referring to the decision of taking that bet, or the calculation of the bet result? For the former one, as dooglus has shown in https://bitcointalksearch.org/topic/m.13760281, it is in fact the right thing to do under Kelly formula. For the latter one, I believe the owners have checked it multiple times before processing the big withdraw.
today i just went to see my moneypot and the drop is really very huge for me. it is gonna to take months to recover the losses.
I think "months" would very likely be an overstatement. In post #3, ndnhc posted that the investor profit was -27.3 btc on Jan 29. At this moment, the investor profit is only -19.0 btc. With this trend, the number could turn back positive in a month or so, but of course it could also receive another heavy blow.
And in the first 30 days, the site ended up like +28 BTC, so following that pattern, it should just be a couple weeks for breakeven.
I don't think we should be thinking in months, as it depends who and what amount they bet. Some whale could boost moneypot profit by a few bitcoins in less than a day if they are unlucky and bet a lot, but if no one bets a large sum of money, it could take many months to recover. It depends; investing is kind of like gambling, except of course, it is much safer.
Definitely true, but when you don't have outside information available, you have to extrapolate from what you already know. The past month and a half is all there is to go by, and you can't necessarily rely on whales, so in terms of safety (read: a generalized idea) it's best to look at it as if things continued the same path, with the same loss/win ratio (note that this also differs, due to variance). At least to me, it's safer to assume it'll take 1.5-2 months than it is to keep thinking "a whale could turn this around TOMORROW!" In the former, it's more conservative.
I think plinko game is quite dangerous for moneypot. When they go beyond offering only dice games, they have to face this huge loss. I would like to say it is glitches in their api making them loss rather someone being over lucky to won big.
If they want to attract more gamblers to there apps than they have to take these risks otherwise if only dice game than you may not get so much traffic to make profits for them. These are the investment risks one should take if any one want make fast money in gambling.
today i just went to see my moneypot and the drop is really very huge for me. it is gonna to take months to recover the losses.
I think "months" would very likely be an overstatement. In post #3, ndnhc posted that the investor profit was -27.3 btc on Jan 29. At this moment, the investor profit is only -19.0 btc. With this trend, the number could turn back positive in a month or so, but of course it could also receive another heavy blow.
And in the first 30 days, the site ended up like +28 BTC, so following that pattern, it should just be a couple weeks for breakeven.
I don't think we should be thinking in months, as it depends who and what amount they bet. Some whale could boost moneypot profit by a few bitcoins in less than a day if they are unlucky and bet a lot, but if no one bets a large sum of money, it could take many months to recover. It depends; investing is kind of like gambling, except of course, it is much safer.
I think plinko game is quite dangerous for moneypot. When they go beyond offering only dice games, they have to face this huge loss. I would like to say it is glitches in their api making them loss rather someone being over lucky to won big.
]This is of course assuming that there is sufficient gambling volume that will allow the bankroll to recover.
Moneypot will live as long as betterbets.io is still on moneypot. There are alot of other site as well however betterbets made alot of volume for them, without betterbetsthen it will probably take alot longer than expected . It will take some time but the volume needed to recover will be there.
well, why did i say months is becuz it took about 2 to 3 months for me to gain certain amount of btc and now to get back on the green, by the same rate i experience before, i would say need another month from this post onward.
If you invested soon before the drop, I'd say you're looking at 1.5-2 months, assuming another hit doesn't come. But that's the joy with investments: you don't know what's going to happen. The only difference between investing in a site and playing on it is that the house (investment) has a long-term positive. It could take 6 months. It could take 5 years. It could take 50000 years. The math doesn't say *when* it will occur, just that, under mathematical principles, it will.
This is, of course, also assuming that a whale doesn't double the moneypot bankroll within the next 6 hours.
well, why did i say months is becuz it took about 2 to 3 months for me to gain certain amount of btc and now to get back on the green, by the same rate i experience before, i would say need another month from this post onward.
If you invested soon before the drop, I'd say you're looking at 1.5-2 months, assuming another hit doesn't come. But that's the joy with investments: you don't know what's going to happen. The only difference between investing in a site and playing on it is that the house (investment) has a long-term positive. It could take 6 months. It could take 5 years. It could take 50000 years. The math doesn't say *when* it will occur, just that, under mathematical principles, it will.
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