bustabit – The original crash game

[JollyGood]

These bets in USD$ amounts are massive for anybody to win or to lose and what compounds the losses are the fact that they did not stop the user and they continued to bet just as they have been doing a long time. The lowest one in the list you compiled shows a 71.2 BTC loss and the largest one at 300 BTC, these are phenomenal losses and the mid really does boggle at those statistics.

Notable rounds from WangTang_V2 today for the curious:

https://www.bustabit.com/bet/760040972 (300 BTC loss)

https://www.bustabit.com/bet/760029100 (200 BTC loss)

https://www.bustabit.com/bet/760036564 (69.3 BTC win on 1.7x multiplier)

https://www.bustabit.com/bet/760043752 (119 BTC loss)

https://www.bustabit.com/bet/760048491 (71.2 BTC win on 1.72x multiplier)

Crazy how we've gotten to the point where his individual 100 BTC bets aren't that noteworthy anymore; they're just another bet for WangTang_V2.

[jpcfan]

How come? Why you said Ryan has withdrew his investment from bustabit?
Even if he withdrew his investment from bustabit, it has nothing to do with ethercrash story.
Seeing your trust score, you have been attacking bustabit since 2019 huh?

I actually did just recently divest (and withdraw) some of my investment (but not all).  I guess it wasn't too hard to infer from me being online when the divestment happened. Anyway,  there's absolutely nothing to do with ethercrash (I quite literally don't even have an account there). I mainly just divested to lower my exposure (esp. with bitcoin being worth so much lately) and with Mr. Wang having deleted his account, seemed like a good time to not worry about missing out on a lot of action. *shrug*

i saw wang playing nickels slots today in vegas

[FanEagle]

Back to WangTang... WOW.
Looking at those bets that GamblingSiteFinder posted... What was the guy thinking?

Its "funny" to see when Whales lose, they just delete the account...
Is it self protection to stop them from depositing/losing more? Or are they ashamed of having that hug red graph?

He was up as much as 600+ one point and he ended up with about 300 in loss as well, we could say 1000 lost to round it up (more like about 940 from what I saw last). That is around 15 million dollars lost in gambling. Now I know you are going to say he was rich and all, I know you are going to say he has a lot more of that and he could afford to lose and so forth which I am fine with, yes he may actually have a lot more money aside and this wasn't maybe 10% of his money, he could be a total whale with hundreds of millions of dollars worth of money aside richer than many people we consider rich.

However lets be real, 15+ million dollars lost on gambling would be something upsetting even for Jeff Bezos, who worths 200+ billion dollars, even he wouldn't be calm after losing 15+ mil on gambling, that is just way to big. So, no wonder on seeing him, deleting his account.

[JollyGood]

I think we all hope the same, his welfare is paramount and his state of mind might well be extremely vulnerable at this moment in time. Even accepting those volumes of losses will be difficult for the mindset on the average person so I hope he is going to get over this and if need be maybe seek professional help for gambling addiction (if that is what contributed to what took place).

BIG F I kinda had a feeling this would happen soon. Today before he showed up, the chat was talking how his luck is going to run out soon and he will RIP everything and that's exactly what happened few hours ago  I only hope that he's fine after this huge loss and will move forward.

[janggernaut]

He was up as much as 600+ one point and he ended up with about 300 in loss as well, we could say 1000 lost to round it up (more like about 940 from what I saw last). That is around 15 million dollars lost in gambling. Now I know you are going to say he was rich and all, I know you are going to say he has a lot more of that and he could afford to lose and so forth which I am fine with, yes he may actually have a lot more money aside and this wasn't maybe 10% of his money, he could be a total whale with hundreds of millions of dollars worth of money aside richer than many people we consider rich.

You are wrong. He was up almost 400 bitcoins as profit, and then he lose more than 600 bitcoins, that's why his stats is negative -297 bitcoins as you can see ny post above and Rhavar as well (His total losses was $9.2million)

[Captain Corporate]

 We can't even try to understand how much he lost could mean to him. I understand that people try to make a calculation, like lets say if you own 100 million dollars and lost 10 million dollars that would be like you having 1000 dollars and losing 100 dollars. However I think it is not like that at all. When you have 1000 dollars and lose 100 dollars, you could simply go to work and save that money back up, 100 dollars is good enough to earn from salary and put aside if you can manage your financial situation, you can actually do that every week/month depending on how much you make. 10 million is not like that at all, you can't just earn 10 million dollars in salary, it would actually take years to recover it from safe investments as well, this is just at a whole another level that we can't even start to comprehend how much he lost. I hope he is doing better than many would because this is really a very upsetting situation for anyone in the world.

[xxjumperxx]

Well anyone playing with those huge amounts should understand how much money he is putting at stake!
I think he was getting too comfortable for his own good.
He was getting lucky and lucky and just winning small shares by betting big. Obv chance would catch up with him and as we all saw, it did.

He will back with a different username, Im pretty sure.

[janggernaut]

Well... either way, it is very irresponsible to gamble with that amount of money. You would have been better off just depositing that amount of money into a Bank and just buying bitcoins with your interest and gambling with that. Sites like Freebitco.in give 4%+ interest per year that are paid out daily ... and some Banks or investment options can give you more.

So, if he deposited the proceeds of the 400 bitcoins into one of these options.. he would have received almost $250 000 interest p/a and about $25 000 per month to gamble with, without touching his 400 bitcoins. (People might say that is risky too, but I would rather gamble with the other people's (Bank) money than my own.)   

Those are his money, and he has choose to gambling it instead investing those money. I also think no one would ever deposited more than $9 million on freebitco.in or other investment site (no offense) no matter how big or small the return he will earn.

I think he should be know from the start if he gamble his money, he could lose all his money just like it happened few days ago

[Kakmakr]

He was up as much as 600+ one point and he ended up with about 300 in loss as well, we could say 1000 lost to round it up (more like about 940 from what I saw last). That is around 15 million dollars lost in gambling. Now I know you are going to say he was rich and all, I know you are going to say he has a lot more of that and he could afford to lose and so forth which I am fine with, yes he may actually have a lot more money aside and this wasn't maybe 10% of his money, he could be a total whale with hundreds of millions of dollars worth of money aside richer than many people we consider rich.

You are wrong. He was up almost 400 bitcoins as profit, and then he lose more than 600 bitcoins, that's why his stats is negative -297 bitcoins as you can see ny post above and Rhavar as well (His total losses was $9.2million)

Well... either way, it is very irresponsible to gamble with that amount of money. You would have been better off just depositing that amount of money into a Bank and just buying bitcoins with your interest and gambling with that. Sites like Freebitco.in give 4%+ interest per year that are paid out daily ... and some Banks or investment options can give you more.

So, if he deposited the proceeds of the 400 bitcoins into one of these options.. he would have received almost $250 000 interest p/a and about $25 000 per month to gamble with, without touching his 400 bitcoins. (People might say that is risky too, but I would rather gamble with the other people's (Bank) money than my own.)   

[xxjumperxx]

Well... either way, it is very irresponsible to gamble with that amount of money. You would have been better off just depositing that amount of money into a Bank and just buying bitcoins with your interest and gambling with that. Sites like Freebitco.in give 4%+ interest per year that are paid out daily ... and some Banks or investment options can give you more.

So, if he deposited the proceeds of the 400 bitcoins into one of these options.. he would have received almost $250 000 interest p/a and about $25 000 per month to gamble with, without touching his 400 bitcoins. (People might say that is risky too, but I would rather gamble with the other people's (Bank) money than my own.)   

Thats why its called gambling and not investing.  
Why do you think there is place called vegas, well because people like to gamble. They like to dream to win big money and its for entertainment.
Investing is a different topic and not even remotely comparable to Gambling.

So, if he deposited the proceeds of the 400 bitcoins into one of these options.. he would have received almost $250 000 interest p/a and about $25 000 per month to gamble with, without touching his 400 bitcoins. (People might say that is risky too, but I would rather gamble with the other people's (Bank) money than my own.)   Wink

At that point it wouldnt be the Banks money, it would still be your money youre gambling...

[Yogee]

.....
Thats why its called gambling and not investing.  
Why do you think there is place called vegas, well because people like to gamble. They like to dream to win big money and its for entertainment.
Investing is a different topic and not even remotely comparable to Gambling.

On point.

It fascinates me when casual gamblers or the so called "small fish" criticizes the gambling habits and strategies of these high rollers then recommends what they should or shouldn't do.

.....

This is not related to the topic but I can't help but notice this

How?

[xxjumperxx]

This is not related to the topic but I can't help but notice this

How?

Kakmakr deleted his post and reposted.
I quoted his post also and had to delete my post because it would have been a double post where he deleted his.

So I deleted mine also, and quoted his new post.
I dont know why he deleted it, because it had the exact same content. 

[Naida_BR]

Well anyone playing with those huge amounts should understand how much money he is putting at stake!
I think he was getting too comfortable for his own good.
He was getting lucky and lucky and just winning small shares by betting big. Obv chance would catch up with him and as we all saw, it did.

He will back with a different username, Im pretty sure.

It is also a fact that if you play huge amounts you are going to get a big return at some point.
Users usually see the returns and they do not care about the amount that someone might have lost till he get this big return. In the end, the profit that you get is less than the money that you have bet till you get it.

[bunglor]

Well anyone playing with those huge amounts should understand how much money he is putting at stake!
I think he was getting too comfortable for his own good.
He was getting lucky and lucky and just winning small shares by betting big. Obv chance would catch up with him and as we all saw, it did.

He will back with a different username, Im pretty sure.

that's what i'm thinking as well i don't think he will let that Bitcoins go away i think he will be coming back using different alias.

[xxjumperxx]

-snip-

that's what i'm thinking as well i don't think he will let that Bitcoins go away i think he will be coming back using different alias.

And thats how casinos become rich.
Gamblers that chase their losses

[ZZ8ZZ]

.....
Thats why its called gambling and not investing.  
Why do you think there is place called vegas, well because people like to gamble. They like to dream to win big money and its for entertainment.
Investing is a different topic and not even remotely comparable to Gambling.

On point.

It fascinates me when casual gamblers or the so called "small fish" criticizes the gambling habits and strategies of these high rollers then recommends what they should or shouldn't do.

Yep, it's the whale's money after all and they decide best what to do with them. I also find it kinda funny that people get mad at the "small fish" in the chat who start giving advice whenever a whale is betting. It's all human psychology and happens everywhere both in the online and offline world. Doesn't matter if it's an "advice" or "critique" or whatever, these "small fish" will always follow the whale until he's relevant. And since WangTang_v2's loss is still a hot topic, here is a video of his graph before he deleted the account: https://www.youtube.com/watch?v=1Ac-0_CrHGI

[SquallLeonhart]

We can't even try to understand how much he lost could mean to him. I understand that people try to make a calculation, like lets say if you own 100 million dollars and lost 10 million dollars that would be like you having 1000 dollars and losing 100 dollars. However I think it is not like that at all. When you have 1000 dollars and lose 100 dollars, you could simply go to work and save that money back up, 100 dollars is good enough to earn from salary and put aside if you can manage your financial situation, you can actually do that every week/month depending on how much you make. 10 million is not like that at all, you can't just earn 10 million dollars in salary, it would actually take years to recover it from safe investments as well, this is just at a whole another level that we can't even start to comprehend how much he lost. I hope he is doing better than many would because this is really a very upsetting situation for anyone in the world.

I agree that there is really nothing that we could ever compare it to, I mean losing 10 million dollars is not something many people could even understand in feeling, it is something unthinkable for billions of people around the world.

However we also have to realize that he didn't technically lost 10 million dollars, dude lost about 300 bitcoins, rest was from profit and I understand that if he took it out that money would have been his but if we are looking at only the loss, it is 300 bitcoins which is still around 4.5 million dollars or so, still nothing shy of being a huge whale in order to lose that much money. I would say he probably made some good investments that would recoup that eventually, even whatever amount of bitcoin he has could probably gain that much when bitcoin price goes up.

[JollyGood]

Regardless of investments and possible way to try to recoup the losses I think losing that amount of money (whether in Bitcoin or $4.5 million cash) is a huge blow to anybody. It must have a negative effect on the psyche. I think very few people would bet over $4 million at online casinos using a payment card or even by cash at the table at a top casino so why would someone bet it online using Bitcoin?

That in itself raises moral and ethical questions about whether online casinos should implement a stronger policy to cap user bets in order to try to suppress what might deemed as out-of-control or irregular betting which might be looked upon as addiction - some may agree and others may differ but casinos and online gambling sites do have responsibilities to their users.

We can't even try to understand how much he lost could mean to him. I understand that people try to make a calculation, like lets say if you own 100 million dollars and lost 10 million dollars that would be like you having 1000 dollars and losing 100 dollars. However I think it is not like that at all. When you have 1000 dollars and lose 100 dollars, you could simply go to work and save that money back up, 100 dollars is good enough to earn from salary and put aside if you can manage your financial situation, you can actually do that every week/month depending on how much you make. 10 million is not like that at all, you can't just earn 10 million dollars in salary, it would actually take years to recover it from safe investments as well, this is just at a whole another level that we can't even start to comprehend how much he lost. I hope he is doing better than many would because this is really a very upsetting situation for anyone in the world.

I agree that there is really nothing that we could ever compare it to, I mean losing 10 million dollars is not something many people could even understand in feeling, it is something unthinkable for billions of people around the world.

However we also have to realize that he didn't technically lost 10 million dollars, dude lost about 300 bitcoins, rest was from profit and I understand that if he took it out that money would have been his but if we are looking at only the loss, it is 300 bitcoins which is still around 4.5 million dollars or so, still nothing shy of being a huge whale in order to lose that much money. I would say he probably made some good investments that would recoup that eventually, even whatever amount of bitcoin he has could probably gain that much when bitcoin price goes up.

[Dalmar]

-snip-

that's what i'm thinking as well i don't think he will let that Bitcoins go away i think he will be coming back using different alias.

And thats how casinos become rich.
Gamblers that chase their losses

Chasing losses is the  beginning of the end, imagine restarting the same old loss circle several times during month
Wish there was no revenge feeling on our body cells or to temporarily froze the emotions on gambling...

[arwin100]

-snip-

that's what i'm thinking as well i don't think he will let that Bitcoins go away i think he will be coming back using different alias.

And thats how casinos become rich.
Gamblers that chase their losses

Chasing losses is the  beginning of the end, imagine restarting the same old loss circle several times during month
Wish there was no revenge feeling on our body cells or to temporarily froze the emotions on gambling...

It's really wrong to do that but we can't avoid it sometimes and it's surely strike us for so many times that's why we need to learn from it although it's hard since the adrenaline rush is different when we are playing but still we can practice ourself to avoid  stress out and enjoy the game, maybe for this we can satisfy ourselves and avoid to chase those losses.