So SatoshiDicePR can you give an explanation of what has been going on with this site in the past years?
It seems hard to trace the background of this business - Wikipedia just mentions it being sold once in 2013.
Seems a lot more has been going on to me. Used to keep a decent size deposit in the SD bankroll which gave me pretty nice rate of return but can't see myself doing that now unless there was a lot more transparency about what's been happening.

Hoping to see this listed again soon.

I don't think that is a saying.

This isn't "threatened" with delisting, though - it's scheduled, which means they've gone through all of the process they need in order to delist a coin and decided it will definitely happen.
Possibly the BATA team can convince them to change their minds - if they are able to present Bittrex with information that they didn't have, when they made that decision.
But the fact that the best info the team/ connected people (Midnight Miner) have said they have got though - "...a couple of theories..." - does not fill me with confidence that this can happen!

(Unless they are keeping something from us, but I can't think of a single reason that this would be a good idea, seeing as they will have to share it with Bittrex anyway, so it can't be something that has to be kept secret for operational reasons).

I had several thousands of these coins when they were worthless - don't even remember buying them to be honest! I think I just paid $10 or so when they were priced a few satoshi each.
logged into my account at the start of the year and was very pleased to see that my stash had grown in value substantially, had around 2 BTC worth!
I sold of a good few as I had no way of knowing whether they were just going to become worthless, and couldn't afford to take the risk (at the time - needed money for bills etc).
Now I have about 500 left - I am going to hang onto them for now, but should I be investing in more? Anyone who is not affiliated able to give me an appraisal of this BATA coin's potential in the future?

How is Bitcoin an alternative to a job for an unemployed person? Unless you have a skill and use it to get paid in Bitcoin - but then you are just as likely to find someone willing to pay you cash for your skill!
If you mean making enough money through investing to live off - unless Bitcoin starts to massively increase in value far faster and higher than anyone is predicting, that just won't work. Think about it - you invest $1,000 (and you have to be a pretty well-off unemployed person to be able to do that in the first place).
Now there's no guarantee it's going to go up - but for the sake of argument lets say it does- lets imagine a "best case scenario" - your BTC goes up 10x in value over the course of a year.
Well done, you've made a total of $10,000 - but if you have to pay your rent/mortgage/bills/food with that, it isn't going to last very long! Even the crappest minimum wage jobs in developed countries pay well over $10,000 a year, and people struggle to get by on those jobs.
Then, your 10k is gone - and so are all your Bitcoin! How are you going to live next year? Unless you remembered to save $1,000 to re-invest - and then you just have to pray that BTC is going to go up again 10x the next year (which it almost certainly won't - never seen two consecutive years of that sort of growth, perhaps back in the very very early days!)
The numbers just don't add up. Sig campaigns and the like earn very little - enough for a sideline but not enough to live on.
The only option is trading and that's basically down to luck, unless you are a very, very good trader - and they basically don't exist in the crypto world - it's too unpredictable and manipulated. Anyone that can read signals and charts well enough to make a living from trading knows this, and spends their time trading stocks, bonds, shares and commodities instead, which are traded within a regulated market so are far less open to manipulation. That's why pro-traders don't get involved in crypto - it's too random!

You see, this confuses me - Gunthar has stated that the bot will average 1% per day, up to 4% with optimal settings (settings which he implies are not known even to him, others will have to provide them).
So how can you have made your investment back 3x - i.e 3x 0.1BTC = 0.3 BTC.
0.3 BTC is way, way more than you should expect based on average returns of 1%.
Makes your messages sound like shilling, and as this isn't a pump 'n' dump group, why would you be shilling for him unless you were being paid?

I dunno, maybe you just got your maths spectacularly wrong and this is all innocent, but it's the type of thing that sets off my internal scam-warning, whenever I see it going on around anything to do with crypto.

Been too many people/groups/products/services offering "Grow-your-crypto-for-free" over the years, and every single one of them I have looked into has turned out to be a scam of some sort. From HYIPs, to "pumper" groups charging for tips, to God knows what will come next. There's a lot of people eager to spend money in order to (hopefully) make money in this market, statistically a lot of them are going to be "fools" (unwary investors) and as the saying goes "a fool and his money are easily parted".

Two things everyone should always consider before putting money into something which is supposed to help them make money:

1: It's easier to make money selling mining equipment than by mining for gold yourself.
2: If someone had discovered a "make money for free" machine, why would they let anyone else use it, rather than just use it to get rich and retire themselves?

For example there is a well known scam operating on non-Bitcoin related gambling sites, where a business offers a bot for sale. The bot simply plays roulette, sometimes generating a win and sometimes losing. But every time a new user downloads it, funds their account and sets it to play, the bot author gets a referral commission from the casino that he has just tricked someone into depositing money to. Clearly that isn't what is going on here, but it just serves as an example of how clever some of these scams can be.

No disrespect intended for anyone here if you genuinely are offering a reliable service. This is just about my gut instinct on the whole matter. I might be tempted to invest in this bot at some point in the future but will look out for more believable, long-term user reviews, from accounts which I can see have a long history of engagement on this board and no evidence of paid shilling.


 

Are there any recent purchasers who are able to report that they have bought this and successfully generated a profit from it?
I would like to buy this and can afford the 0.1 BTC but I would like to see some more positive reports on its performance first.
Mostly this thread seems to be people wanting to sell their license and I have to ask, why would anyone want to sell this, if it is something you can leave running to make money passively?

Thanks guys, that is all really helpful. Not panicking or anything, just thought it was strange I haven't been able to move my BATA for so long.
I will definitely be holding onto them as they have performed well for me so far.

Hi all, hoping someone here can clue me in on BATA -

I own quite a lot - I think I bought a small amount on a random tip a good while (over a year?) ago - they seem to have nicely gained in price and are now worth a not unsubstantial amount of BTC.
However I notice that for the last month or so I have not been able to move them in my Bittrex account - the wallet is locked as "under maintenance". I see one reference to this in the thread above (recently - sorry I don't have time to read a whole 125 page thread). But it doesn't really make it clear what the issue is.
So can someone tell me what is so good about this coin? Why can't I move my BATA balance on Bitrex (not even sure if I want to - if there is good reason I will probably just hold onto it - give me a reason!).

Thanks for this answer.
Always find it odd how these projects which turn out to be scams just get forgotten about.
There must be loads of threads like this on this forum. Nice to hear how things worked out, even if it wasn't for the best. At least that way people can learn from them.

Can anyone let me know what happened to this?
I was not involved and have not heard of UCI Coin until today.
I googled Altcoin IPO as I am trying to get a handle on how these markets work. This coin came up.
I have found several articles and sites making big promises about what this coin was going to do, but the trail goes cold in 2016.
Given that this coin was associated with a person - one of the few where I have seen someone willing to put their name to a coin - Antoun Toubia. Does anyone know what happened to Mr Toubia? Is it possible that he or his involvement was fabricated in order to increase confidence in the project?

Is it the case that this project simply went silent and dropped of the face of the earth? From claims made in marketing materials it sounds as if "early investors" had put significant quantities of money into this project.
I am trying to understand this, in order to try and better understand Crypto and altcoin projects which are around today.

Hi I would like to start playing this again, I was a long-term player of Satoshi Dice but stopped playing around the start of the year when I started hearing reports of fishy activity.
So just checked in for the first time and seen all this megadice/Bitcoinvideocasino stuff, not really sure what is going on.
Megadice looks just like a reskinned Satoshi Dice though, so is this is all sorted now and Megadice is functioning as it claims? Would appreciate it if someone using a non-shill account could confirm if they have been able to deposit, bankroll, withdraw, etc, with no problems, on Megadice?
And what is Bitcoinvideocasino all about?

I don't believe there is anything more to daytrading altcoins than luck - and being on the "inside". For most of them the market is so small that market force dynamics is easily outweighed by coordinated manipulation. If you are on the inside then you are a "whale", capable of making market manipulating moves (or you are working as part of a team, so collectively you are a whale). Everyone else is really at the mercy of these hands, and when they decide to make their play. Time it right and buy in when they start to pump a coin and you are likely to make a win. The problem is that if you're trying to follow them, they are masters of putting out "fake signals" to make sure that those who aren't on the "inside" will carry on buying well past the point that they start dumping. And when the inevitable crash comes, very few of these outsiders will have the skill to exit their position at the right time.
From what I can see they are even experts at deliberately making people feel like they are on the inside - Twitter groups and even posts on here claiming to give out the necessary signals. Generally the info they give out will be a day or two behind what they are actually doing, so these psuedo-insiders who think they are onto a good thing end up funding the whales eventually, like everyone else..

If you want evidence at this just look at the altcoin charts. Just about every coin starts with a spike in value when it is first offered, or appears on an exchange. At this point, the whales already have their stock, so they just have to convince everyone else to start buying in. When the whales start selling, the price drops, obviously, and the adopters - those who have bought the coin on the advice of the whales, or by reading "signals" in altcoin charts - panic and start to sell, too, causing a crash. The price never recovers - as you can clearly see from watching charts, 99% of coins just see their value gradually diminish to close to zero, as they don't ever achieve any meaningful market penetration, because they don't really do anything useful in the first place. How many coins have we seen achieve any level of stability or stable growth? About 4 maybe, out of thousands? The rest only really existed as a vehicle for these whales to artificially pump and then dump them.

So, that might be very obvious to a lot of the old hands here, but I still see people asking questions which shows there are newbies coming in who aren't aware of this overbearing dynamic of the market. Have fun trading altcoins by all means but please don't consider it any more reliable a way of earning money than fruit machines or lottery cards (or provably fair online Bitcoin gambling, at least). Unless you happen to be a whale in a position to manipulate the market - in which case I don't think you would be asking questions here.

Seems to be working fine for me - just made a small withdrawal from my house balance.

So what about OpenBazaar? Has that not become useful yet? I read some articles saying there are something like 700 businesses on it now. I haven't tried that hard to look for them, but in my limited searches I haven't been able to find any.

Wouldn't this be a great opportunity for some e-entrepreneur? Doesn't even have to be as ambitious as OpenBazaar, I will be happy if someone is able to put together a centralized, non-criminal Bitcoin marketplace, before they worry about a fully decentralized P2P one. Given how it's pretty simple these days to put together just about any sort of e-commerce platform you want, using open source tech and a few good programmers, surely it's time someone tried at least?
If it really is true that even at this stage, there just aren't enough people engaging in actual commerce with BTC to make such a project worthwhile, then that seems like a pretty major hurdle in the road towards BTC gaining adoption. If this is the case - then wouldn't a concerted push from the BTC community to get people spending coins be a good strategy? People who are interested in the potential of BTC to be a real competitor to centralized national currencies should be thinking about this as a priority, in my opinion. One idea would be to try and encourage those who do sell products or services for BTC to offer real value. In my limited experience of seeing these things on offer, when vendors do offer a BTC payment option it tends to be at a premium over credit card or Paypal or whatever. Doesn't help that all of the exchanges and major BTC vendors charge a pretty hefty premium just to sell people BTC with fiat currency, anyway! So, from the consumer's point of view, when they start looking into this "revolutionary new money" they find that they are getting charged for the privilege at every step. After being convinced to look into it because they hear about "low fees" and the like, this probably comes as a bit of a disappointment.

So yeah, bit of a long post - but how about some sort of initiative aimed at getting users to spend their coins rather than just hoarding them? And some sort of community pressure to get those who provide BTC services, or just sell BTC itself, to offer more value to potential customers?

Is there anything like a working Ebay / Amazon for Bitcoin yet? Obviously not expecting anything that sophisticated, but at least a working p2p trading market, where there are a decent enough number of buyers/sellers to make things worthwhile?
I remember reading about OpenBazaar and maybe others, in the past, have any of these projects matured to the point that they are viable for conducting economic activity? What's the biggest stuff-for-Bitcoins market at the moment?
Done a few Google searches and not been overwhelmed with success at finding these opportunities. I haven't looked too deeply but a lot of what I found - http://spendbitcoins.com/ - for example, seems to mostly throw up links to non-Bitcoin retailers (maybe they have taken the payment option off their sites, but spendbitcoins hasn't updated). Or just downright bad information like this page http://www.bitcoineverything.net/how-to-buy-your-programs-and-tools-with-bitcoins/  which tells me that Amazon is happy to take my coins.

Are there any records for what the annual rate of return has been over the years for casino backers?

Ok - firstly, wish I had found this thread about 5 minutes earlier, as I just dropped half a bitcoin in before coming here and reading that people are having trouble withdrawing ...

But hey ho. So I've put it all into the house, which I've done in the past, often with much larger amounts (had 10 BTC on the house at one point a year or so ago).
Almost immediately - as in a matter of about 20 seconds - I'm down by 0.05 BTC (£42 at today's price!) - this is a huge swing, judging by how I remember it behaving in the past! Does this mean that someone just scored a MASSIVE win, right after I invested? Is this normal behaviour?

Seeing as my investment, by my rough mental arithmetic, seems to have lost 5% of its value in a little under 20 seconds, does this mean that theoretically it could be wiped out in a little over 6 minutes? Or are gains and losses of this magnitude exceptionally rare?

I haven't used this site for a while - in the past I invested fairly heavily with up to 10 BTC on the house, and enjoyed some nice returns -
However then I started to experience a few problems - for a while I was unable to log in and make withdrawals. This was resolved but it put me off investing anything other than very small amounts.
Thinking of giving it a go again - can anyone verify that it is still working reliably, i.e users are reliably able to make withdrawals, and payouts on investment are working as they should?

Lol actually ignore that last post! My withdrawal from over a week ago still hasn't been processed - I think I spoke to soon in defending them ...