(Closed) Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform (Closed)

[fible1]

Just a quick update on the sale:

We have modified the offer cost to 10k USD.

Just to recap, this includes a database with a couple of thousand users, both the Butter-X and Butter-Bot code, a fully incorporated business (Panama) and an established community (120+ page thread).

We want the project to be taken over by someone who can make it lively and again and finish and launch BX, so if anyone is interested, or knows someone who would be, please PM me.



Pablo.

Why you are selling such a popular trading platform ?
Is this site going in loss, If yes then how could anyone will be able to make a living with it as you have mentioned in your post
Or you don't have time to manage it ? Less profit ? Focusing on different projects ?
And did you tried listing this site in Auction ?

Well, the key reason is that although Butter was very profitable for a long period of time, we invested most of the profits (plus some extra) into our next generation platform Butter-X and turned our focus there. This was done with the expectation of carrying out an IPO on Havelock (where we also invested a huge chunk of money). The IPO fell through and we did not have enough money to continue developing X or BB; hence the decision was made to migrate the platform to a new owner or in default, shut down by December 31st this year.

I hope that answers your question .

Pablo.

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[xinzark]

Just a quick update on the sale:

We have modified the offer cost to 10k USD.

Just to recap, this includes a database with a couple of thousand users, both the Butter-X and Butter-Bot code, a fully incorporated business (Panama) and an established community (120+ page thread).

We want the project to be taken over by someone who can make it lively and again and finish and launch BX, so if anyone is interested, or knows someone who would be, please PM me.



Pablo.

Why you are selling such a popular trading platform ?
Is this site going in loss, If yes then how could anyone will be able to make a living with it as you have mentioned in your post
Or you don't have time to manage it ? Less profit ? Focusing on different projects ?
And did you tried listing this site in Auction ?

Well, the key reason is that although Butter was very profitable for a long period of time, we invested most of the profits (plus some extra) into our next generation platform Butter-X and turned our focus there. This was done with the expectation of carrying out an IPO on Havelock (where we also invested a huge chunk of money). The IPO fell through and we did not have enough money to continue developing X or BB; hence the decision was made to migrate the platform to a new owner or in default, shut down by December 31st this year.

I hope that answers your question .

Pablo.

Which means the site was not actually in loss but the expectations and usage of money for further development empty your bankroll and later then made your site hard to run, Right ?

And the question is can the site still now generate enough revenue to keep it up and running as it is now in the hands of new owner ?

[fible1]

Just a quick update on the sale:

We have modified the offer cost to 10k USD.

Just to recap, this includes a database with a couple of thousand users, both the Butter-X and Butter-Bot code, a fully incorporated business (Panama) and an established community (120+ page thread).

We want the project to be taken over by someone who can make it lively and again and finish and launch BX, so if anyone is interested, or knows someone who would be, please PM me.



Pablo.

Why you are selling such a popular trading platform ?
Is this site going in loss, If yes then how could anyone will be able to make a living with it as you have mentioned in your post
Or you don't have time to manage it ? Less profit ? Focusing on different projects ?
And did you tried listing this site in Auction ?

Well, the key reason is that although Butter was very profitable for a long period of time, we invested most of the profits (plus some extra) into our next generation platform Butter-X and turned our focus there. This was done with the expectation of carrying out an IPO on Havelock (where we also invested a huge chunk of money). The IPO fell through and we did not have enough money to continue developing X or BB; hence the decision was made to migrate the platform to a new owner or in default, shut down by December 31st this year.

I hope that answers your question .

Pablo.

Which means the site was not actually in loss but the expectations and usage of money for further development empty your bankroll and later then made your site hard to run, Right ?

And the question is can the site still now generate enough revenue to keep it up and running as it is now in the hands of new owner ?

Yes, you are right.

We had the option to keep running the site, but we were not sure we would be able to maintain new licenses purchased as the new volume of sales without Butter-X and new competitors propping up was uncertain. So we made the choice to protect our users, all our licenses were set to expire by December 31st this year and we had enough funds to run until that date so that's how the decision was made. We didn't want to continue selling licenses and have to shut down before they expired.

The site will likely be profitable for new owners who have reserve operating cash and marketing know how. The outfit we are discussing takeover with is extremely well funded and they are top marketing guys as well as offer world class customer service so I would be very surprised if they don't grow the business substantially given their resources.

Pablo.

[mboehler]

I used Butter quite a bit a couple of years ago, but then kind of stopped.  I can't remember why.  I'd like to start using a trend bot again, so I came back here.  But I'm not sure if Butter is still active or not?  Can anyone let me know?

Thanks!

[fible1]

I used Butter quite a bit a couple of years ago, but then kind of stopped.  I can't remember why.  I'd like to start using a trend bot again, so I came back here.  But I'm not sure if Butter is still active or not?  Can anyone let me know?

Thanks!

Hi ,
  Unfortunately Butter shuttered its services on December 31st 2015, after all user licenses expired.

I'm sorry I couldn't be more help.

Best,
  Pablo.

[notaek]

Hi ,
  Unfortunately Butter shuttered its services on December 31st 2015, after all user licenses expired.

It's 13^th November to be more specific.

BTW, you could have easily continued your support for Butter Bot since now is the prime time to trade some of the profitable currencies that have launched pretty recently as well as newer exchanges are emerging up with availability of bot-friendly APIs (one such example being YoBit.net). I don't understand why you have deactivated this at this duration! Maybe I missed out a valid reason announced few pages back.

On a friendlier note, please update your OP regarding this.

[fible1]

Hi ,
  Unfortunately Butter shuttered its services on December 31st 2015, after all user licenses expired.

It's 13^th November to be more specific.

BTW, you could have easily continued your support for Butter Bot since now is the prime time to trade some of the profitable currencies that have launched pretty recently as well as newer exchanges are emerging up with availability of bot-friendly APIs (one such example being YoBit.net). I don't understand why you have deactivated this at this duration! Maybe I missed out a valid reason announced few pages back.

On a friendlier note, please update your OP regarding this.

Hey ,
  I am updating the OP now, thanks for pointing that out .

The site was shut in July I think but we continued supporting existing licenses until December 31st 2015.



Pablo.

[Cocobrico]

Will this bot become available for new users in the next time?

[fible1]

Will this bot become available for new users in the next time?

Hey ,
    We have no plans to re-open any time in the near future future. I apologize for the inconvenience.

Please let me know if you need anything else at all.

Pablo.