Topic: 🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021 - page 73. (Read 143533 times)

It is absolutely bad news for investors, I believe Ethan was in a big dilemma when he went to the decision to stop the investment feature. It is bad news for current investors but it can be good news for other sites that still accepting investment or planning to accept investment in the near future especially new sites that popped up in the last few months.
Good news is that there is still a chance for the investment to be re-opened in the future, so investors may come back once it is re-opened. I'm not an investor at Yolodice to be honest as I'm a type of person who like to play against the house instead of investing against players

As an investor, it's really sad to hear that investments will be closed, because the profits were the highest of all the sites that I have invested in, and Yolodice is one of the few sites that I would trust with my money. But I totally understand why you are doing this, and it's probably the best decision in your situation.

no surprise here. GL with the future

really sad you are closing investments , been my best place to invest mainly LTC

now I'm curious if we will get the extra commissions back at that date ? for example my current investment showing 1.247 LTC profit but commission was taken up to profit 2.057 LTC
so in case that profits don't grow to that point at that date will you return the extra commissions ?

YOLOdice has been a nearly three years old dice platform, and over last three years, the platform has grown up to become one of best dice sites. There are so many dice sites pop up, and die over time, but YOLO dice has still been here, and it is more impressive to see YOLOdice movin up to top platforms. The last year, when bitcoin crashed is a tough test for all, and YOLO dice surpassed it well. This time, with lots of coming upgrades and improvements, new strategies for developments and marketting, I believe YOLOdice will get more supports, more capital flow and will become bigger.

Don't blame you.

TL;DR In other words, we are closing investments. You will not be able to invest in YOLOdice bankrolls anymore. If you have any open investments on 20. Sep, they will be closed by us and funds will be moved to your account balance. If you're a player, this is good news - expect more bonuses and incentives for playing.

Whaaaat? No more investing? Why?

We started YOLOdice 2.5 years ago and from the very beginning our goal was to build a transparent, fair and fun game that runs in "players vs investors" mode. It worked great. We got the trust I could only dream of. Thousands of players and hundreds of investors joined the game and it was fun. Really fun.

Then in order to keep YOLOdice attractive for players we started adding bonuses: referral bonus, rakeback bonus, level-dependent faucet drops, competitions, jackpots... Something that other dice games had in one form or another, and again we wanted to excel at this. Adding more incentives for players enormously helped increasing engagement and added more fun to the game.

But here's the issue: "players vs investors" mode does not work really well with player incentives. Simply said, with the current setup we don't have enough financial freedom to provide bonuses at the level we'd want. This is why we want to try something new and concentrate on player incentives and rewards.


Dozens of times, over coffee or via messaging, we discussed the issue and we narrowed YOLOdice near-future to these two paths:

1. Keep the bankrolls open, as it is now (the "players vs investors" mode)
- this has been great for transparency of our ecosystem,
- but this already limits the ways we can grow YOLOdice, including player rewards, incentives and competitions,
- in the long-term it's quite hard to maintain a healthy equilibrium  standing between players and investors.

-- or --

2. Make the bankrolls private
- investing in the bankrolls would not be possible, so no more investors at YOLOdice :-(
- but it would give us much more flexibility and financial freedom regarding bonuses and rewards (rakeback, referral bonuses, faucets etc.),
- we could make competitions more attractive by offering higher prizes,
- this in turn could stimulate playerbase growth and engagement (that's what we hope),
- we could keep faucets, rakeback and referral funds 100% full all the time (it's been a huge source of complains recently, I know).

After several long discussions we've decided to try path (2). We've been running open investments from day one and we really want to try a different approach now.


What will happen to current investments?

On 20. Sep we will close all investments. If you ever invested in YD, you know how it works - the current investment's amount is instantly transferred to user balance. It will be up to investor to withdraw the coins if they wish so. No worries, we'll email all investors to remind them!
Until 20. Sep nothing happens and your investments should bring you the regular share in site profit. Obviously, if you want to close your investments before 20. Sep, feel free to do this!


Is this permanent? Will I be ever able to invest?

We might re-open investments or allow individual investments in the future, but this has not been decided. Let's try this new path first and see how it goes. If we plan anything new, we'll let you know in advance!


Will the max per-bet profit decrease?

Yes, it will, but hopefully not as much to affect majority of the players. We'll compensate that by increasing player incentives, which in turn should benefit almost everyone.


What other player bonuses can we expect in the future

We have a few things in mind - weekly fully-automatic leaderboard with top players getting rewards every week (think: mini-competitions-every-week-for-every-coin), a few more games might come too, including a PvP lottery.

All new things will come gradually, so stay tuned!

This is a big change for YOLOdice and both we and you have one full month to prepare. I'll be happy to answer any questions!

Cheers,
Ethan

was a large investor for a while on yolodice. the leverage isnt really 10x, nor is it on many sites with leverage as a good majority of investors also choose to do 10x. as timetwister explained, all it does is dilute the investments of people choosing not to go 10x (which was good for me). but to be perfectly honest, i fail to see the point of having leverage at all as it doesnt really serve the intended purpose, nor did it affect my investment behavior in any way

I wish yolodice the best of luck, as they were always a very trustable company, with fast payouts, regardless of the amount. Hope to see traffic pick back up for them, but they seemed way more concerned with shilling their ETH and LTC , and shunning the investor side of the BR, which is why I left. also didnt help that ethan had seemingly better things to do than post here to maintain communication

Lowest, so max leverage is 2.5x if everyone is at 10x. Assume a 100 BTC real bankroll that becomes 1000 BTC leveraged. 2.5% of 100 BTC is 2.5 BTC, while 0.5% of the leveraged bankroll is 5 BTC. Max win would be 2.5 BTC.

Lowest or highest? If lowest, 0.5% of bankroll would be 5% if average leverage is 10.

The house edge won't work in your favour if you're margin called on the way down and miss out on the way up. Back in 2018, bustabit had a 850 BTC swing, with around 35% of the bankroll lost at one point. Investors with 3x leverage were margin called, and while the site overall was negative/neutral that day, those who didn't get margin called ended up making a profit because the highly leveraged investors didn't get any of the profit from the whale losing their winnings.

Yolodice does have restrictions to make this more unlikely to happen - they don't respect leverage by capping the max profit at the lowest of 0.5% of the leveraged bankroll or 2.5% of the actual bankroll. So while about everyone is invested at "10x leverage", they're actually only getting 2.5x leverage in actuality.

Not really, bankroll growth can be negative if returns are very volatile. That's why a 10 times leverage is stupid.

10x is definitely not nothing when you consider that some sites do not even let you have leverage,,, and yes, when the bankroll is small, it really adds up to the same thing. Remember that it is not just about making more profit,,, it is also about putting your funds at more risk. I am on x10 on yolodice and it works out well, but on another site x10 has made me lose over 15%, but of course, all in short term.

Long term everything should work out to house edge.

That's because volatility in terms of bankroll there is extremely small.

And of course investors are not literally forced to use high leverage, but they have to if they don't want to be diluted. And it deters investors not willing to overleverage. The casino doesn't benefit from this process, it just makes the bankroll way more volatile only to be able to accomodate high potential prize bets that almost noone plays to get.

10 times leverage is nothing, i had used 25x leverage on justdice in my investment and it turned to good amount after i left it for several months.

Is there any site forcing their investor with permanent leverage number?

I think it will be fair either way only if the leverage was to be optional. That's to say that if someone wishes to leverage as high as 10x that's fine but as long as other smaller players have the option to leverage lower I think there won't be a problem. Having the choice I think in the long run will be beneficiary since it will also accommodate for for the high investors as much as it does for most other gamblers.

Why it does not makle senses to offer up to 10x leverage? The site is not even forcing investors to choose the max leverage as they can choose it as they wish. So saying that it is forcing everyone to risk more is not correct at all. It can be called as forcing if investors can invest on 10x leverage only. So it is about choice, investors decide which leverage they want to take as they want to risk.

If it is on difference currencies the chance to lose is higher because of the difference rate make you eager to get more to recover on what you lose. Lets say if you lose on btc and try to win it through doge or anything similar, then it will be a really hard way to get it, even the close one like eth might be hard too. And with some max win for different whale might turns out bad but if it is only one may be bankroll will still recover again. And just remember if they want to beat the house, then they should at least have enough balance or at least equal to them

True, allowing 10 times leverage doesn't make sense. It's just forcing everyone to risk more than they would want to because other reckless investors are overleveraged. Something like up to 3 times is fine.

Those two investments could be in different cryptocurrencies and even though those losses could be recovered back in the long run it's still risky because of that x10 leverage. As what Darkstar said before, some max wins could easily hurt the investors bankroll and even wipe some of the investor's bankroll entirely depending on how big and fast is the damage done by the high rollers.