bustabit – The original crash game

[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 ...

[numanoid]

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 ...

1 bit is 100 sats and it's the lowest base bet we can bet on both bustadice and bustabit. We can't bet with 1 sat on both sites

[Lakai01]

1 bit is 100 sats and it's the lowest base bet we can bet on both bustadice and bustabit. We can't bet with 1 sat on both sites

Of course, you are right. I read over the "Sat" in a hurry and assumed that he meant "Bit". My mistake

In any case, 1 bit is the smallest unit you can bet on at Bustadice. Less is not possible (at least currently). Of course, if bitcoin prices continue to rise, you can't rule out that this limit will be lowered again here.

[darewaller]

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 ...

Last I check it was 2 bits I think, that was the minimum I played for so I know that was true until very recently, 1 bit could be very well possible as well. However like I always say, if you do not have enough money to gamble, you should not gamble, anyone who wagers 1 bit into bustabit every time they wager, they probably should not play at all, let the rich people gamble and lose their money.

People like us should be keeping all of our money in our wallets and trying to make that a bigger number, trade it, invest it, work for it, earn it or whatever else you can think of, do something that will allow you to get crypto rich but do not gamble if you do not have the money for it. You could very well be a rich person who doesn't want to lose a lot, that is a valid point, but aside from that if you can barely afford to gamble with 2 bit or even 5 bit so you are looking for 1 bit, that is not good.

[tygeade]

By the looks of it people are still not divesting at the speed that people assumed, I mean by this time I assumed at least 50% of it would be gone when the situation was like this, but apparently people are fine with the changes and they are not leaving.

As long as we have people like Wang tang that lost a lot of money (even though he was up a lot and refused to leave) people will always be here for the hopes that they could make money that much.

I mean I am told that Wang tang was an early investor here as well, he had a lot of money from the early days even when he wasn't invested into bustabit, and then he invested a lot here and then he won a lot from here as well, so by logic he just lost what he earned from here and is not in big trouble. But that was still very profitable for people who were invested here and that's the dream they want to see again.

[malevolent]

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 have noticed that both number have increased since your post and no one seems to have started divesting yet. Do you remember what the numbers were at the beginning of March? (latest change to commissions?)

[devans]

Since the change came into effect there has been a net divestment of roughly 420 BTC.

[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.

I have noticed that both number have increased since your post and no one seems to have started divesting yet. Do you remember what the numbers were at the beginning of March? (latest change to commissions?)

According to DiceSites, the total profit was 6146BTC on March 2nd, which is roughly where the ATH should have been as well.

Also, interestingly enough, it seems someone (or many people) thought it was a good idea to invest a total 154BTC last week:


Feels like the commission will never get back to something more normal especially with how Bitcoin's price has been changing recently 

[RHavar]

Also, interestingly enough, it seems someone (or many people) thought it was a good idea to invest a total 154BTC last week:

lmao. I'm not sure what's more shocking, that 154 bitcoin is now 9 million USD?! or that people are happy paying over 80% commission.

But seriously, Daniel has really struck gold. iirc when Dooglus started the whole casino bankrolling he charged investors 10% commission. Pretty funny compared to where we are now  

[chazley]

The fact is, investors are going to stay invested in Bustabit for awhile because there's still not any better options for investors to get a yearly ROI than Bustabit at current commission rates. This could change in an instant if, for example, Dooglus decided to re-open Just-dice for Bitcoin or if, say, RHavar wanted to re-open a investment casino of some kind. This has created a massive demand for a new bitcoin investment casino that will at some point be filled by somebody. It happened when JD first shut down, investors didn't know where to put their money and PRC Dice exploded out of nowhere and dominated. Then, PRC through inept ownership and raising their bankroll commission % + a disastrous ICO fucked up and people moved their money to a few different dice sites, before Bustabit and Bustadice really took over as the pre-imminent Bitcoin investment casinos. Make no mistake about it, someone will fill this demand in the market, it's just a matter of who and when.

[dooglus]

iirc when Dooglus started the whole casino bankrolling he charged investors 10% commission. Pretty funny compared to where we are now  

The commission was 1% at launch.

It went up to 5% after Sun Jul 7 2013 and up again to a whopping 10% after Sun Aug 11 2013 due to customer demand.

[JollyGood]

I am not so sure that investors would flock back to any newly re-opened casino or gaming site even if it were run by reputable and trustworthy operators. After investors take their bankroll and move on they would probably not return.

The fact is, investors are going to stay invested in Bustabit for awhile because there's still not any better options for investors to get a yearly ROI than Bustabit at current commission rates. This could change in an instant if, for example, Dooglus decided to re-open Just-dice for Bitcoin or if, say, RHavar wanted to re-open a investment casino of some kind. This has created a massive demand for a new bitcoin investment casino that will at some point be filled by somebody. It happened when JD first shut down, investors didn't know where to put their money and PRC Dice exploded out of nowhere and dominated. Then, PRC through inept ownership and raising their bankroll commission % + a disastrous ICO fucked up and people moved their money to a few different dice sites, before Bustabit and Bustadice really took over as the pre-imminent Bitcoin investment casinos. Make no mistake about it, someone will fill this demand in the market, it's just a matter of who and when.

[dooglus]

I think it is obvious that many people missed on bitcoin chance

It's not obvious to me at all. Isn't it possible that there are still significant gains to be made on Bitcoin?

[chazley]

I think it is obvious that many people missed on bitcoin chance

It's not obvious to me at all. Isn't it possible that there are still significant gains to be made on Bitcoin?

Sent you a PM.

[Lakai01]

Isn't it possible that there are still significant gains to be made on Bitcoin?

Profits like from the good old times will - percentage-wise - not happen again, I think. There is simply a cap on the market cap somewhere. You just have to look at the market capitalization of BTC now and put it in relation to the market capitalization of large companies or gold, for example.

There is also the question of what "significant" profits are. I think it is very likely that BTC will perform better than the stock market ... But I don't think we will see a x3000 anymore

[dooglus]

I don't think we will see a x3000 anymore

That depends which fiat currency you're measuring it against and how dramatically that currency eventually collapses in value.

[Emitdama]

According to DiceSites, the total profit was 6146BTC on March 2nd, which is roughly where the ATH should have been as well.

Also, interestingly enough, it seems someone (or many people) thought it was a good idea to invest a total 154BTC last week:


Feels like the commission will never get back to something more normal especially with how Bitcoin's price has been changing recently  

As long as people keep thinking that it is profitable, they are not going to divest that easily, plus loyalty here is to a fault and that's why people do not want to leave. Think about it this way, if you own bitcoins and they are just sitting on your wallet, you are not making any profit at all, there is no chance for you to profit, however if you put it here, there is two options, either you are not going to make any profit here as well and no payment will be done so you will get out with nearly the same amount, or you are going to make a profit from this in the end.

When you have an option to just stay the same way or just go to bustabit for a potential, people will pick bustabit each and every single time, even if it got smaller profits compared to back in the day, it's still profits and that's why I think it's quite obvious we will end up with no divesting huge amounts anytime soon.