The USD value is already low.
Will it go a lot lower?
Do politicians usually chose the easy way or the hard way? |
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If FINCEN can:
1) prohibit US banks from transacting with banks associated with non-compliant foreign exchanges; and/or
2) prohibit US companies such as Coinbase from transacting with non-compliant foreign exchanges,
then bitcoin bulls are fucked. These prohibitions around the same time as the china crackdown = $10 bitcoins by mid-summer.
I thought regulation was good if BTC becomes an asset and can be traded and owned legally nobody uses coinbase? |
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Looks like you got a couple of more deposits. It should be enough for a couple more payouts I think  +1 0.06 is enough for one payout and there will be 0.024 left so the guy waiting for his 0.036 should send 0.012 to get it  |
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Why would anyone ever trust a ponzi scheme site?
Because the whole point of it is to be fair/safe. This is like a gambling website. If you scam people for the first 10 deposits, you might win 1 or 2 btc. If you run the website for months, you will get for sure much more money by doing nothing and people will speak about your website His profit is supposed to be 1% of deposits so to make 2BTC he would need to process 200BTC of deposits; it seems like a better bet to leave with 2BTC for a sc.ammer doesn't it? |
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Can someone tell me if OP is known? He seems very trustworthy and he probably makes a good living out of the great casino website he set up but what are the odds he run away with the invested money? People send thousands of btc without knowing the casino owner??
OP here. I'm not going to run away with the bankroll. If that was the plan, I would have run when it was around 60k BTC. Letting people withdraw it down to 30k really isn't something a scammer would do. A couple of weeks ago the biggest investor asked to withdraw his >9k BTC investment. I immediately sent him his coins. I know that doesn't prove anything. Maybe I'm just a really incompetent scammer... Also, don't forget that even if I am honest, there's still the chance that armed bandits (freelance or the kind with badges) turn up at my door and demand the bankroll. So don't risk more than you can afford to lose, and I'll do my best to take good care of it. Thanks for the answer; the bankroll was 60k before but it was worth less than it is now though, I am guessing people withdrew in november&december. The website is good and you didn't run away when the price did x10 : two good signs that you are no sc.ammer because the bankroll actually went from 6,000,000$ to 30,000,000$ in November 2013 so it would have been a good time to go AOK and get everyone running after you  You probably make around 100BTC/month net from your fees so may not "need" to run away and create more troubles to yourself.. Can you disclose if you are invested in the bankroll yourself? How much? The casino offers a nice rate of return but it is illegal in my jurisdiction so i will wait until i live in a jurisdiction where i can invest in btc casinos |
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You want to change which is already huge, you should start with something and have a few goals everyday : make the effort of talking to someone everyday : maybe your neighbour, maybe an old friend If you get your life together and socialize more, you will get girls, you need to have more ressources, be less depressed and therefore more interesting but it won't happen in a day or because you bought 1btc a month ago, it will happen because you improve everyday : it can be learning something new ( https://www.youtube.com/watch?v=znpjVWNjym0&list=HL1396128122), interact with someone new, work out, eat healthier, fight one of your biggest vice Keep your btc, you never know you may end up selling them for a nice profit one day |
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One of these guys is going to make a fortune by being honest and dominating the market. Most of them pick up peanuts and start a new site. Instead of being business men, they are scammers.
We thought makeBTC was doing that then the website shut down; then we thought ponzicoin was going to stay bc Vor invested a lot of time and effort and kept innovating but he shut down all the websites without taking more money than fees but he still didn't reimburse me for my deposits who were going to be paid because I was next line and I had the last deposit (I will say when he does, the escrow is suppose to reimburse me for that) It is probably a lot of hassle to run a ponzi, it is easier to stop it after a nice profit apparently; you would think some programmer starts a professional ponzi with a nice website and advertise it well |
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Can someone tell me if OP is known? He seems very trustworthy and he probably makes a good living out of the great casino website he set up but what are the odds he run away with the invested money? People send thousands of btc without knowing the casino owner??
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Why would anyone ever trust a ponzi scheme site?
Because they think someone else is going to deposit after them, they want to have fun, they want an easy win If they send it means someone else can send after them |
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I will hold some because a diverse portfolio is sound.
Advertise the coin in your sig so it gains awerness There is someone willing to buy 859millions EMU on https://www.swisscex.com/market/EMU_LTC He surely believes in the coin Once he got enough coins he may advertise the coin and sell back to 0.00000100LTC for a x100 or 10,000% profit I am dreaming but it is possible |
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Hello guys ! Site updated I'm thinking to make a new round tomorrow, with 0.02 Minimum deposit like a lot people said. I will do this second round if they are no more investments ! But all the game not depend to me, players must attract new players with advertise etc. And I might add a new reward system. For example : I launched the ponzi at 1PM, and every 3 hours, the last deposits (the nearest to 4PM) receive a 150% bonus ! What do you think guys ? I think innovation and promotions are good; you could just keep some money from the first 10 deposits to pay the last 3 depositors if no one deposits for 12h; 0.24 payout max The promotion only starts after there has been 10deposits so you can collect enough to pay the last 3 depositors (you leave the money in the wallet) |
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Indeed, there's nothing at all telling us it'll rise again, other than the members of this forum.
And fundamentals : new businesses accepting btc, adoption growing, finance sector that will collapse in the USA and Europe, fiat currencies that will be inflated to dea.th, I am not the one saying that last one, Yellen and Draghi told us they want more inflation and that they will monetize the debt |
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It would be awesome if Google picked up on this and sold their products or services allowing btc.
They could buy a few hundreds thousands btc first then announce they will use btc everywhere, Amazon or Apple could front run everyone like that also; I am not sure it would be 100% legal but I am sure they would find a way to it legally The company that would have the most to win by buying a lot of btc then accepting btc would be a big company for which making a few hundreds millions is huge |
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I don't like dice games but first time on your site its looking good nice work Thank you so much for the compliment waqas  UPDATE 29 March 2014:
Players are now able to see how many players are being their referral!@Boumalo: we believe you are waiting for this feature Yes indeed but where is the info?? Under the total referral bonus , you may also need to fully refresh the browser using shift-F5. Oh yes thanks it is working It will be good to keep track of our refs; not a lot of casino give you a nice ref systems; RitzGrandCasino is only giving you profit if you have 3refs that played last month |
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New round in 3h48 I have been loosing on the other ponzis so I need to get back something
Sorry to hear that I lost recently at coinpayoff because he changed wallet addresses at reset and I sent to original and he never responded to my messages just kept the bitcoin. Have you tried http://bit-give.net/ this one just started the other day and has many new and redeposits and round does not end and you get 180% I also like ponzimatic as I have always gotten paid there too. I just saw your message, you are sending it everywhere, I guess you have a few deposits stuck there I gave my opinion on your thread about the ponzi : 180% is a lot + big baglog but design nice I sent to the last address on weekly, no one got paid and he kept the money as well; ponzis owners are not here to organize a nice game and get their clients happy they are here to make fast money; I feel there is some space for an "honest" ponzi game, a ponzi game where enough funds are held in escrow and rules don't change all the time; maybe it could be organized by a btc casino but they are already pretty busy making a lot of money from casino games |
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Buying in at $15usd. Watching btc fall to $10. Cut my losses and sold at $8. Watching the fall to $2 and not buying and holding. Watching the coin eventually go passed my initial buy in point of $15usd. I lost quite a bit in that little escapade. Many moons later...... Seeing btc hit $40. Telling all my family and friends to BUY NOW and hold. Watch what happens. Not taking my own advice. Watching the btc SKYROCKET to $950. And me without a coin  Two huge mistakes. I missed yet another millionaire bubble. That is tough; I guess you didn't have any cash at the time not to buy any @40$ because you felt strongly about it to tell your family and friends to BUY NOW!! Did you end up buying at 950$? And hold? |
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I guess everyone is scared to play since the admin is not around. I know the site is not automatic and he was running it manually
Let's forget this, take our losses and start again; 0.02 deposits and everyone will go crazy + OP advertises and we have some fun Small amounts + responsive OP + advertising + a few motivated players = some fun |
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I am not saying the causal flow is one direction. I am saying it is vicious cycle. When price is low, mining is attractive because it is profitable. Miners rush in. Mining becomes difficult and competitive. As a result, miners cannot sell their coins, because they would take a loss. Consequently, supply is restricted. Prices rise. Again mining is attractive. It is similar to predator-prey dynamics, or a coupled oscillator system, with all the quasi-periodicity that entails, but in this case, it is confounded with exponentially expanding demand. As a result it is a vicious rising spiral.
Exquisitely stated. Not sure if that was phrased properly. The correct (at least in my mind) cycle is this: 1) price is low; mining profits are meager against power costs and effort. Most coins are mined by a few larger farms that use thier size to make a reasonable profit against the lower distributed power/space/cooling costs. 2) The bigger miners are responsible for selling coins or using them to add equipment. Thus, much of the fresh coin supply can be controlled by the miners. 3) price goes up; media attracts new attention, mining becomes more feasible, more small-scale users are interested. Many more people are mining and thus capable of selling their coins for the faster turnaround, price is allowed to slump, which also scares out buyers and puts us in a position like now. 4) mining farms and larger entities are gathering coins. Mining looks less attractive with seemingly overpriced hardware. summer is coming. This should restart the cycle. This is just with relation to mining. the bigger image is the balance of people who are not scared to invest in a bearish market vs current holders who want to cash out in case it drops further. You have some valid points but I think most small miners keep their coins, they may cash out when they buy new equipment with BTC that is sold by the miner company A lot of holders who are here for the long run are buying more when the price dip |
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RiverBoat?
Hopefully I have no BTC available bc the website looks good so I may have done the mistake of sending the minimum, 180% is a lot so it will end faster, there has been 3.5BTC deposited, probably mostly by OP and there is already quite a big backlog
Good luck all anyway
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