Well everyone this week I got rekt high having leverage on Dice-Bet. A whale came along and although he lost in the end he was up a lot while he was betting. The 50x leverage basically got wiped out, 25x down a lot and 10x down a bit.
I know other investors were sitting on 3x leverage were up as the whale actually lost money. But it looks like more than 3x leverage is way too risky...
Ouch! It's a shame you lost almost half your balance on Dice-bet. But it's actually really interesting how leverage can massively increase your profits, but at the same time break you very quickly if someone wins very much, very fast.
About bustadice, what's the percentage of the leverage? You said you invested 0.03btc on it, but I couldn't find out what their max leverage is. I even opened their website and the terminology of on-site vs off-site investment is still not speaking numbers to me.
