bustadice – Next Generation Dice

[DarkStar_]

By the way I really don't understand what about this announcement is because I have no idea what is that dilution fee and leverage.I hope someone will explain me about them.

I'm assuming your a gambler, in which case it doesn't affect you. Dilution fee and Leverage limits solely affect investors.

Dilution fee is a fee that is charged and distributed to existing investors when you invest, as a "payment" for diluting (making their share smaller). Now that it's been reduced to 1%, if I wanted to invest 1 BTC, I would lose 0.01 BTC instantly.

Leverage allows me to have part of my investment offsite, and pretend that it's invested. It used to be that 50x leverage was allowed, so I could invest 1BTC, and pretend I actually had 50BTC. This increases my risk, as if my investment drops a bit lower than 2%, I get margin called and my investment becomes zero. It also increases my profit though, if players lose. I had a 20x leverage investment since the site launched. I made a ~33% ROI as was heavily leveraged, while an investor investing without leverage would only have made a profit of ~1.8%.

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[jrrsparkles]

By the way I really don't understand what about this announcement is because I have no idea what is that dilution fee and leverage.I hope someone will explain me about them.

I'm assuming your a gambler, in which case it doesn't affect you. Dilution fee and Leverage limits solely affect investors.

Dilution fee is a fee that is charged and distributed to existing investors when you invest, as a "payment" for diluting (making their share smaller). Now that it's been reduced to 1%, if I wanted to invest 1 BTC, I would lose 0.01 BTC instantly.

Leverage allows me to have part of my investment offsite, and pretend that it's invested. It used to be that 50x leverage was allowed, so I could invest 1BTC, and pretend I actually had 50BTC. This increases my risk, as if my investment drops a bit lower than 2%, I get margin called and my investment becomes zero. It also increases my profit though, if players lose. I had a 20x leverage investment since the site launched. I made a ~33% ROI as was heavily leveraged, while an investor investing without leverage would only have made a profit of ~1.8%.

Thanks mate for explaining me about Dilution and leverage.

Yeah I'm still gambler in bustadice now I explored the investment section it says 0.01BTC is the minimum amount to invest and this

Investment management
The minimum amount that can be invested or divested is Ƀ 0.01. If you attempt to invest or divest more than you can afford, the largest possible value is used instead.
To compensate existing investors for diluting the bankroll, 1 % of your investment is deducted before it is added to the bankroll and distributed among all investors–including yourself–afterwards.

But I just want to read more about the investing into bustadice is there any link for clear explanation.

[hopenotlate]

-snip-
But I just want to read more about the investing into bustadice is there any link for clear explanation.

Here is a copy/paste from Bustadice FAQ section (https://bustadice.com/faq#investing)  :

How does investing in the bankroll work?

It's simple: The casino's profits and losses are shared among all investors proportionally to their investment. For example, if you have invested Ƀ 10 and the entire bankroll's size is Ƀ 200, you earn Ƀ 0.05 when a player loses Ƀ 1. This profit increases the value of your stake in the bankroll rather than your account's balance.

In order to operate the site, fund further development and advertising as well as to make a profit, we charge investors a 0.25 % commission on every wager. This commission is deducted from the bankroll on every wager, regardless of whether the player wins or loses.

You can manage your contribution to the bankroll on the investment page.

What is the dilution fee?

To encourage long-term investments, a stable bankroll size and to reward earlier investors, there is a dilution fee of 1 % on all investments. This fee is split proportionally among all bankroll investors, including the new investor. Consequently the effective fee is always lower than 1 %.
How does offsite investing work?

When you participate in the site's bankroll you can choose to only deposit part of your investment, reducing your counterparty risk and allowing you to put your bitcoins to use elsewhere.

To make use of this option, simply adjust the size of your offsite investment on the investment page and you'll participate in the house's profits and losses as if you had deposited the entire amount. We'll keep track of your offsite investment and ensure that you're never risking too much or too little.

A leverage of up to 50:1 is supported, which means that Ƀ 1 invested onsite can support up to Ƀ 49 offsite for a total of Ƀ 50 invested. The dilution fee for your offsite investment is deducted from your onsite investment, so keep that in mind when deciding how much of your investment to keep onsite.

What happens if my onsite investment becomes too small?

If your onsite bankroll becomes too small to support your offsite bankroll, your offsite bankroll is set to 0. You receive a fee credit in the amount of what your offsite bankroll was, so you can reinvest some or all of your offsite coins without having to pay the dilution fee again.

Currently investors are not notified when they are margin-called. For that reason it's a good idea to check on your investment every so often, particularly if you're using a large amount of leverage.

To make it clearer also take a look at investment page : https://bustadice.com/invest

[stayeduptolate]

I really really like to use this site for gambling because it has one of the most interesting interface and i have never faced any problem using this site. I am using this site for around 2 months and i have never faced any problems with deposits or withdrawals. The fact that you can chat with other players online makes it very very fascinating and fun.

The dilution fee has been lowered from 10 % to 1 %. Investors that have paid more in dilution fees than they have gained have been refunded the difference in fee rate.

Thats really a good news. Looking forward to invest simply because the site seems legit and the owners and developers seem very hardworking.

[mostkey]

I really really like to use this site for gambling because it has one of the most interesting interface and i have never faced any problem using this site. I am using this site for around 2 months and i have never faced any problems with deposits or withdrawals. The fact that you can chat with other players online makes it very very fascinating and fun.

The dilution fee has been lowered from 10 % to 1 %. Investors that have paid more in dilution fees than they have gained have been refunded the difference in fee rate.

Thats really a good news. Looking forward to invest simply because the site seems legit and the owners and developers seem very hardworking.

it is very fun to gamble here. and this looks without any problems at all. whether for deposit or withdrawal. more fun because bustadice has a live chat with the players. considering this site is included in the new gambling site, but bustadice is able to show its capacity as the best dice gambling site

[sheenshane]

I really really like to use this site for gambling because it has one of the most interesting interface and i have never faced any problem using this site. I am using this site for around 2 months and i have never faced any problems with deposits or withdrawals. The fact that you can chat with other players online makes it very very fascinating and fun.

The dilution fee has been lowered from 10 % to 1 %. Investors that have paid more in dilution fees than they have gained have been refunded the difference in fee rate.

Thats really a good news. Looking forward to invest simply because the site seems legit and the owners and developers seem very hardworking.

it is very fun to gamble here. and this looks without any problems at all. whether for deposit or withdrawal. more fun because bustadice has a live chat with the players. considering this site is included in the new gambling site, but bustadice is able to show its capacity as the best dice gambling site

Not only live chat box you see the player in bustadice also in you can see their live betting on each player whether it is lost or win or who is the highest roller at that time you also found them. I never doubt bustadice is a fair game, I like low fees in withdrawal and deposit on their site the only feature is dice gaming.

[jrrsparkles]

The dilution fee has been lowered from 10 % to 1 %. Investors that have paid more in dilution fees than they have gained have been refunded the difference in fee rate.

Thats really a good news. Looking forward to invest simply because the site seems legit and the owners and developers seem very hardworking.

I am also looking forward to invest on the bustadice soon,I clearly read all the details about investing on bustadice site,you also can invest on it guys the minimum amount to invest is affordable for everyone.Really bustadice is getting popular I can see more players are coming to the site,but sadly I never had time to play this week because of busy with my job hope to play in the coming week regularly and also looking to have fun on chat box.

[Lionidas]

The dilution fee has been lowered from 10 % to 1 %. Investors that have paid more in dilution fees than they have gained have been refunded the difference in fee rate.

Thats really a good news. Looking forward to invest simply because the site seems legit and the owners and developers seem very hardworking.

I am also looking forward to invest on the bustadice soon,I clearly read all the details about investing on bustadice site,you also can invest on it guys the minimum amount to invest is affordable for everyone.Really bustadice is getting popular I can see more players are coming to the site,but sadly I never had time to play this week because of busy with my job hope to play in the coming week regularly and also looking to have fun on chat box.

I haven't had a chance to visit the site either and will be having time this week to explore the site as well.
As I read on your previous post earlier, the minimum investment amount is 0.01btc which doesn't seem to be that much and with the inclusion of the dilution fee being dropped from 10% to 1% this gives us more incentive to look into doing this now.
Thanks bustadice!

[devans]

Due to an unresolved issue the friends tab in the wager history is temporarily disabled. It will return over the next few days.

[St4yInTh3D4rk]

Yesterday I made an withdrawal from my bustadice account,it takes too much time to get into queued but I never waited this much long before.

So is this just normal or the site was under maintenance or something?

[TheQuin]

Yesterday I made an withdrawal from my bustadice account,it takes too much time to get into queued but I never waited this much long before.

So is this just normal or the site was under maintenance or something?

If you opt for the slow withdrawal method there is no queue or fixed period of time. The next time someone requests an instant withdrawal yours will be batched with it. This makes it pure luck as to how long you will wait.

[sheenshane]

Yesterday I made an withdrawal from my bustadice account,it takes too much time to get into queued but I never waited this much long before.

So is this just normal or the site was under maintenance or something?

How long did you waiting, mate? I also encountered that but it takes about 30-45 minutes waiting for withdrawal I think that is okay because I'm not in hurry. Maybe at that time have a sort maintenance but that's opinion only the management team will answer your question or maybe blockchain at that time have a problem. For me, i don't have a problem no matter it takes 4-5 hours waiting as long as I can claim my withdrawing bits to bitcoin.

[jrrsparkles]

Yesterday I made an withdrawal from my bustadice account,it takes too much time to get into queued but I never waited this much long before.

So is this just normal or the site was under maintenance or something?

If you want your bitcoins to transferred immediately then you should opt for an instant withdrawal but if someone already made an instant withdrawal then you need to wait for his transaction to get completed first because sometimes the instant transaction tab is available.

[St4yInTh3D4rk]

Yesterday I made an withdrawal from my bustadice account,it takes too much time to get into queued but I never waited this much long before.

So is this just normal or the site was under maintenance or something?

How long did you waiting, mate? I also encountered that but it takes about 30-45 minutes waiting for withdrawal I think that is okay because I'm not in hurry. Maybe at that time have a sort maintenance but that's opinion only the management team will answer your question or maybe blockchain at that time have a problem. For me, i don't have a problem no matter it takes 4-5 hours waiting as long as I can claim my withdrawing bits to bitcoin.

Waiting for 30 minutes or one hour is not a problem but for me it takes 20 hours to get queued so I'm little bit shocked because it never happened to me before.And instant withdrawal option is not available for me when I did transaction,so i thought that site was under maintenance.

[TheQuin]

Waiting for 30 minutes or one hour is not a problem but for me it takes 20 hours to get queued so I'm little bit shocked because it never happened to me before.And instant withdrawal option is not available for me when I did transaction,so i thought that site was under maintenance.

I just explained to you that you have to wait for the next instant withdrawal to be requested so you cannot control or predict how long that will be. If you don't believe me hover your mouse over the 'i' next to the 'Instant withdrawal' checkbox on the withdrawal page.

[mostkey]

Waiting for 30 minutes or one hour is not a problem but for me it takes 20 hours to get queued so I'm little bit shocked because it never happened to me before.And instant withdrawal option is not available for me when I did transaction,so i thought that site was under maintenance.

I just explained to you that you have to wait for the next instant withdrawal to be requested so you cannot control or predict how long that will be. If you don't believe me hover your mouse over the 'i' next to the 'Instant withdrawal' checkbox on the withdrawal page.

believe me, this never happens to me, as long as i make an instant withdrawal in bustadice, it always works and there is no problem at all, it seems there is something wrong with your withdrawal step so the instant withdrawal does not work. you must be more careful to make withdrawals

[TheQuin]

Waiting for 30 minutes or one hour is not a problem but for me it takes 20 hours to get queued so I'm little bit shocked because it never happened to me before.And instant withdrawal option is not available for me when I did transaction,so i thought that site was under maintenance.

I just explained to you that you have to wait for the next instant withdrawal to be requested so you cannot control or predict how long that will be. If you don't believe me hover your mouse over the 'i' next to the 'Instant withdrawal' checkbox on the withdrawal page.

believe me, this never happens to me, as long as i make an instant withdrawal in bustadice, it always works and there is no problem at all, it seems there is something wrong with your withdrawal step so the instant withdrawal does not work. you must be more careful to make withdrawals

OK, I read what you said to mean you didn't use instant withdrawal. That as the name implies should be instant. I've had waits varying from 30 mins to 12hrs on a slow withdrawal so I assumed that was what you were talking about. What do you mean by it's unavailable, do you get some error message when you try an instant withdrawal?

[St4yInTh3D4rk]

OK, I read what you said to mean you didn't use instant withdrawal. That as the name implies should be instant. I've had waits varying from 30 mins to 12hrs on a slow withdrawal so I assumed that was what you were talking about. What do you mean by it's unavailable, do you get some error message when you try an instant withdrawal?

When I withdraw I can't tick that instant withdrawal option and it looks disabled at the time or some other persons already doing instant withdrawal.

Waiting for 30 minutes or one hour is not a problem but for me it takes 20 hours to get queued so I'm little bit shocked because it never happened to me before.And instant withdrawal option is not available for me when I did transaction,so i thought that site was under maintenance.

I just explained to you that you have to wait for the next instant withdrawal to be requested so you cannot control or predict how long that will be. If you don't believe me hover your mouse over the 'i' next to the 'Instant withdrawal' checkbox on the withdrawal page.

believe me, this never happens to me, as long as i make an instant withdrawal in bustadice, it always works and there is no problem at all, it seems there is something wrong with your withdrawal step so the instant withdrawal does not work. you must be more careful to make withdrawals

Yeah for me also it never happened and even when I withdrew the bits with low fee it confirmed in less than two hours.But now the instant withdrawal option is available for me.

[jrrsparkles]

OK, I read what you said to mean you didn't use instant withdrawal. That as the name implies should be instant. I've had waits varying from 30 mins to 12hrs on a slow withdrawal so I assumed that was what you were talking about. What do you mean by it's unavailable, do you get some error message when you try an instant withdrawal?

When I withdraw I can't tick that instant withdrawal option and it looks disabled at the time or some other persons already doing instant withdrawal.

I think this happened due to the site maintenance maybe but I always doing instant withdraws in bustadice and the option is always available for me.

And I have a question too all the people can make instant withdrawals at the same time?

[devans]

And I have a question too all the people can make instant withdrawals at the same time?

Yes, the number of instant withdrawals is not limited in any way. If a withdrawal is instant, it just means that it is processed immediately.

When I withdraw I can't tick that instant withdrawal option and it looks disabled at the time or some other persons already doing instant withdrawal.

(…)

Yeah for me also it never happened and even when I withdrew the bits with low fee it confirmed in less than two hours.But now the instant withdrawal option is available for me.

That's strange. The instant withdrawal option specifically has never been disabled. In fact, it's enabled by default.