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Author Topic: DoubleIt Ponzi Round Just Started  (Read 792 times)
TheBitMan
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August 16, 2011, 04:25:31 PM
 #1

Hasn't been one in a while. Get in early!!

Min:1.00
Max: 1.50

No jackpot or fees


http://bitcoinduit.com/game/viewRound.php?id=DoubleIt

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TheBitMan
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August 16, 2011, 04:38:22 PM
 #2

Lets go people!! If I get paid out I will make a new ponzi later and I will be matching.
TheBitMan
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August 16, 2011, 04:46:33 PM
 #3

No one wants to double there btc??
bal3wolf
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August 16, 2011, 04:58:41 PM
 #4

lol to many of them its hit or miss if people will play your game it seems lower amounts people are more likely to play lol i spent most my coins on radomizer so i dont have any extra.

my btc address 1LRWTJS3rf8ubG2oMjcm7CmGGDJQSomdRP
Mining tools and Drivers
TheBitMan
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August 16, 2011, 05:43:20 PM
 #5

lol to many of them its hit or miss if people will play your game it seems lower amounts people are more likely to play lol i spent most my coins on radomizer so i dont have any extra.
well if only ONE person joins I will match a lot of bets tonight and its going to be a .10 min and a .25 max with a 20% roi something like that but I need this doubled first
Einewton
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August 17, 2011, 01:00:55 AM
 #6

Nothing fun in this round man... Sorry... No Jackpot, very high time restrictions, etc... It's too risky.

-= Got BitCoin? =-
TheBitMan
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August 17, 2011, 02:12:42 AM
 #7

Nothing fun in this round man... Sorry... No Jackpot, very high time restrictions, etc... It's too risky.
3 days is pretty long..
CJYP
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August 17, 2011, 02:18:02 AM
 #8

There are two problems with this round.
First, there is no jackpot. Jackpots make the games go longer because a small risk has a chance of a very high reward if you're the last one in.
Second, it's a doubling game. With doubling, it takes a lot longer for people to get paid out, so people are less willing to take the risk.
It just isn't worth the risk of 1 BTC for most people, so the game dies.
Einewton
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August 17, 2011, 02:27:19 AM
 #9

3 days is pretty long..

Exactly, no incentive to keep depositing every day. The high time length isn't so good. 24 - 36 is where you want to keep it going...


There are two problems with this round.
First, there is no jackpot. Jackpots make the games go longer because a small risk has a chance of a very high reward if you're the last one in.
Second, it's a doubling game. With doubling, it takes a lot longer for people to get paid out, so people are less willing to take the risk.
It just isn't worth the risk of 1 BTC for most people, so the game dies.

+1

-= Got BitCoin? =-
TheBitMan
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August 17, 2011, 02:31:55 AM
 #10

A jackpot takes away from getting paid out and with 1.00 btc it isnt worth  making a jackpot
CJYP
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August 17, 2011, 04:16:01 AM
 #11

A jackpot takes away from getting paid out and with 1.00 btc it isnt worth  making a jackpot
That's the wrong philosophy, though. You need people to invest to make any profit, and if there's no jackpot, there's no incentive for anyone to invest after a certain point, which in your game is right at the beginning.
When I made my game, I took this into account, and it currently has 15 investors (including me a few times). The biggest problems with my game are that there are 1% transaction fees (psychological deterrent, doesn't actually produce much profit for me - also it creates a mess in my BTC client) and that it lasts 72 hrs, which is probably too long. The two other games with similar structure to make are also doing very well (I won't name any of the three to avoid advertising on your game).
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