Moneypot just took a huge loss?

[hua_hui]

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.

[WEBcreator]

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.

Depending on the amount wagered actually. Most of the sites in moneypot has a standard house edge of around 1 % so if they want to recover 25~ btc then it will need atleast 2500 btc wagered , around 25 days assuming it has 100 btc wagered per day without any surprise variance to take a hit for the house. Due note that this number is just average so it could be faster or slower

[znickelbackz]

sound dangerous. must be aware about this. it's not look like it can turn back to normal anytime soon, but i really hope it will.

[BigMac]

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.

[ranlo]

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.

[hua_hui]

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.

[ranlo]

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.

[hua_hui]

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.

yup, i invested when mp since the available of the take over and it is still way deep in the red.

well i am not complaining cause i believe in the end, i will still make it in the green. when i start to invest in mp, i also got hit by a huge loss but i still manage to bear it out, not as huge as this tho.

[Quickseller]

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 assuming that there is sufficient gambling volume that will allow the bankroll to recover.

[TwitchySeal]

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 assuming that there is sufficient gambling volume that will allow the bankroll to recover.

This is, of course, also assuming that a whale doesn't double the moneypot bankroll within the next 6 hours.

[erwin45hacked]

]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.

[amacar2]

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.

[Superhitech]

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.

[futurebit640]

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.

[ranlo]

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.

[Shogen]

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://bitcointalk.org/index.php?topic=1345170.msg13760281#msg13760281, 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.

[hua_hui]

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.

[lorylore]

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.

[BTCevo]

]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

[Dennis7777]

]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.