bustabit – The original crash game

[SquallLeonhart]

More than 500 BTC net have been divested since the change came into effect, though admittedly that's less than I had expected. Whether that's because investors are "playing chicken" with each other or their demanded rate of return is lower than I assumed is hard to say. In any case, I have no doubt that the bankroll will eventually reach a saner size as commission rate continues to increase to match Bitcoin's price.

Regarding alternatives: I've seen some interest-bearing accounts for Bitcoin, but none that offer more than 3% per year. IMO that's way too low to justify the risks, though, especially the significant counterparty risk.

I know this is bitcoin investment here, but alternative doesn't have to be bitcoin neither. Even ETH regular staking is around 6% right now, and like jungian said there are few that gives similar for bitcoin as well. And if you go towards BNB, there are places that give 100%+ in the defi world, so there are many alternatives. The point here is that this place is more trustworthy, not because it is profitable. Sure this place made people a lot of money but there has been places in the defi world where people turned 16k into 1.6 million dollars, and there were places where everyone got scammed.

Bustabit is not and never was the most profitable place, we never came in here for the money, we came in here because we knew that even though it is a tiny profit, at least it is guaranteed, and for the long term I made a good profit and that is why I am not leaving, because I know that I will profit one way or another, there are many other places that can 10x my profit if I get in at the right time and if I am lucky, but I won't take that risk.

[JollyGood]

How much did you invest in the Bustabit bankroll?

I know this is bitcoin investment here, but alternative doesn't have to be bitcoin neither. Even ETH regular staking is around 6% right now, and like jungian said there are few that gives similar for bitcoin as well. And if you go towards BNB, there are places that give 100%+ in the defi world, so there are many alternatives. The point here is that this place is more trustworthy, not because it is profitable. Sure this place made people a lot of money but there has been places in the defi world where people turned 16k into 1.6 million dollars, and there were places where everyone got scammed.

Bustabit is not and never was the most profitable place, we never came in here for the money, we came in here because we knew that even though it is a tiny profit, at least it is guaranteed, and for the long term I made a good profit and that is why I am not leaving, because I know that I will profit one way or another, there are many other places that can 10x my profit if I get in at the right time and if I am lucky, but I won't take that risk.

[janggernaut]

Bustabit is not and never was the most profitable place, we never came in here for the money, we came in here because we knew that even though it is a tiny profit, at least it is guaranteed, and for the long term I made a good profit and that is why I am not leaving, because I know that I will profit one way or another, there are many other places that can 10x my profit if I get in at the right time and if I am lucky, but I won't take that risk.

I disagree. No matter what place you invested your money, the chance of losing is always there too. There is no guarantee you will ended up profit even though you have invested in bustabit or other site. Which place you can make profit 10x from your money? I don't think there is a place like that.

[Taskford]

Bustabit is not and never was the most profitable place, we never came in here for the money, we came in here because we knew that even though it is a tiny profit, at least it is guaranteed, and for the long term I made a good profit and that is why I am not leaving, because I know that I will profit one way or another, there are many other places that can 10x my profit if I get in at the right time and if I am lucky, but I won't take that risk.

I disagree. No matter what place you invested your money, the chance of losing is always there too. There is no guarantee you will ended up profit even though you have invested in bustabit or other site. Which place you can make profit 10x from your money? I don't think there is a place like that.

No guarantee indeed especially on consistency of profits since we cannot always lucky since sometimes there are downside on certain times. And that's very wrong perception of peopl that they can always earn more from certain company.

In gambling maybe its hard to reach that x10 threshold and I sometimes didn't believe on people says that without giving a stats but if they do trades maybe they can do that but in game of chance well I doubt.

[malevolent]

I disagree. No matter what place you invested your money, the chance of losing is always there too. There is no guarantee you will ended up profit even though you have invested in bustabit or other site. Which place you can make profit 10x from your money? I don't think there is a place like that.

As far as cryptocurrency investments go, profit from investing on busta* sites was almost guaranteed, compared with other places (e.g. buying shitcoins when they're cheap, defi, etc.), where profits can exceed 1000% (against BTC, more against USD), but the risks are also extremely high.

[IvandeArgentina]

More than 500 BTC net have been divested since the change came into effect, though admittedly that's less than I had expected. Whether that's because investors are "playing chicken" with each other or their demanded rate of return is lower than I assumed is hard to say. In any case, I have no doubt that the bankroll will eventually reach a saner size as commission rate continues to increase to match Bitcoin's price.

Regarding alternatives: I've seen some interest-bearing accounts for Bitcoin, but none that offer more than 3% per year. IMO that's way too low to justify the risks, though, especially the significant counterparty risk.

Hi! Please could you send me a private message that I want to ask you a question?

[lienfaye]

As far as cryptocurrency investments go, profit from investing on busta* sites was almost guaranteed, compared with other places (e.g. buying shitcoins when they're cheap, defi, etc.), where profits can exceed 1000% (against BTC, more against USD), but the risks are also extremely high.

I have not tried to invest in any gambling site but based on the journey of some people I know, they really made profit though it takes time and with a little amount. So I agree, it is somehow less risky compared to investing in coins that has no concrete basis to say that it can succeed in the future but I guess this is only for new coins sprouting since they dont prove anything yet.

[xSkylarx]

As far as cryptocurrency investments go, profit from investing on busta* sites was almost guaranteed, compared with other places (e.g. buying shitcoins when they're cheap, defi, etc.), where profits can exceed 1000% (against BTC, more against USD), but the risks are also extremely high.

I have not tried to invest in any gambling site but based on the journey of some people I know, they really made profit though it takes time and with a little amount. So I agree, it is somehow less risky compared to investing in coins that has no concrete basis to say that it can succeed in the future but I guess this is only for new coins sprouting since they dont prove anything yet.

Every investment has its own risks so it is up to us how we diversify our streams of income. I already invested on some altcoins and looking forward to investing on this so while I wait for my alts to grow I have a passive income.

Is there a minimum amount to invest on these gambling websites? What are the platforms that are good to invest my money? What are the cons when you invested on it?
Answers will be highly appreciated.

[malevolent]

Is there a minimum amount to invest on these gambling websites? What are the platforms that are good to invest my money? What are the cons when you invested on it?
Answers will be highly appreciated.

0.01 BTC (10`000 bits) is the min. amount you can invest. The cons are a 2% dilution fee deducted from your investment upon transferring your money to the bankroll, and nowadays also very high commission rates on profits. I don't think it's worth it anymore, even more so for new investors (and that was the intended move). I don't know how it looks anymore with gambling sites other than bustabit/bustadice.

[RHavar]

Could someone please tell me what the gains were like in, say, the last 2 years or so? Checking https://dicesites.com/bustabit won't do the trick, because of the commission/fee structure/bankroll etc.

It should work, because I believe dicesites is showing the post-commissions investor profit.


But anyway, I wouldn't worry about it too much. With hindsight, there's probably a million good investments you could've made. Beating yourself up over missing one is probably not overly productive.

[janggernaut]

What are the platforms that are good to invest my money? What are the cons when you invested on it?
Answers will be highly appreciated.

I'm not sure to answer your question. But you should know doesn't matter which place you invest your money, there is always a risk on there, either you can lose your investment or your investment amount will dropped. If you are looking for a gambling site which accept other coin beside bitcoin, bustabit/bustadice isn't a place for that (go for other site)

[RealMalatesta]

~snip~

I think it is obvious that many people missed on bitcoin chance, you at least had a bit, sure you could had more if you had money and that is one of the hardest things people have to deal with, I made an investment a month ago, I knew that it would actually profit a lot and it did 4x and I was super pissed that I couldn't put more money into it, I had only 2k dollars to invest and now I have 8k but if I invested 20k that would have been 80k and I knew that it would go up so I just watched it go up and make me profit but I was still pissed that I couldn't profit even more.

However like RHavar said, these type of chances come up all the time, so there is nothing to worry about there, you may face another in a month or maybe in a year but you will have another chance to profit a lot, just be calm and we will be capable of finding another when the right time comes, just don't rush it.

[GamblingSiteFinder]

People don't appear to be divesting from the bankroll. 

[malevolent]

Just wait a bit longer. The commission rate keeps increasing and barring a 2018 style bubble pop will likely continue to increase. I think by early summer at the latest we can expect to see a significant decrease of bankroll size, once most users notice the growth of new profits starts decreasing to 0.

[DarkStar_]

People don't appear to be divesting from the bankroll.  

The lack of divestments could also be because we're not at a profit all time high, and commission isn't charged until then. Current investor profit is 6150BTC and ATH is 6167.8BTC, so there won't be any commission charged until players lose another 18BTC. Would be an additional 0.5% profit based off of current bankroll size.

[lixer]

People don't appear to be divesting from the bankroll.  

The lack of divestments could also be because we're not at a profit all time high, and commission isn't charged until then. Current investor profit is 6150BTC and ATH is 6167.8BTC, so there won't be any commission charged until players lose another 18BTC. Would be an additional 0.5% profit based off of current bankroll size.

I think people know that if it drops, like there are many people who divest, that would be a lot better and a lot more profitable. However we know that when that happens people will profit a lot more, so people do not want to be the one that divests and miss out on the profit.

So, "someone" has to divest to make the profits bigger, but nobody wants to be that person. It's a good problem to have honestly, think about a casino that has so many people trusting it with their money that the bankroll exceeds what it should be, that's a good problem to have.

There are so many people who would have hard time finding 1 bitcoin to bankroll their casinos, I could start a casino tomorrow and work for a whole year and I wouldn't even get 10 bitcoins invested into mine, so even though this drops the amount of money people could make, it's at least something that doesn't disturb the system.

[GamblingSiteFinder]

There was a 7,410,457.6x multiplier at Bustabit yesterday. 

https://www.bustabit.com/game/4422772

The Highest cashout was a 2 bit bet at 4000x.

the largest win was a 60 bit bet that cashed out at 519.25x for a nice .031 BTC return.

[janggernaut]

There was a 7,410,457.6x multiplier at Bustabit yesterday.  

https://www.bustabit.com/game/4422772

The Highest cashout was a 2 bit bet at 4000x.

the largest win was a 60 bit bet that cashed out at 519.25x for a nice .031 BTC return.

It has been a long time to see huge multipler above 5millions, but the biggest multipler ever on bustabit was above 10millions multipler. I don't think there will be a person who hunting 1millions multipler even only with 1 sat bit

Edit: my bad, what i mean 1 bit

[Bitinity]

There was a 7,410,457.6x multiplier at Bustabit yesterday. 

https://www.bustabit.com/game/4422772

The Highest cashout was a 2 bit bet at 4000x.

the largest win was a 60 bit bet that cashed out at 519.25x for a nice .031 BTC return.

It has been a long time to see huge multipler above 5millions, but the biggest multipler ever on bustabit was above 10millions multipler. I don't think there will be a person who hunting 1millions multipler even only with 1 sat

Is it even possible to bet 1 sat at bustabit? Afaik the min bet is 1bits here, correct me if I'm wrong. Anyway whether it is possible or not to bet 1 sat, I do believe there are some people try to hunt 1 million multiplier. At least I have seen some gamblers managed to hit it on other sites so it means that it is also possible to see it here in bustabit.

[Lakai01]

Is it even possible to bet 1 sat at bustabit?

At least you can bet on bustadice with 1 bit, so I also strongly assume that this will be possible on bustabit. Unfortunately, I have no BTC lying around at bustabit right now to be able to try it out by myself ...