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Author Topic: bustabit.com -- The Social Gambling Game  (Read 293474 times)
arallmuus
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February 23, 2015, 05:36:31 PM
 #1261

Nope you missing my point...  Grin

If every round takes +/- 5 seconds on average and his strategy was to place 40 bit on every bet, with a x20 000 payout... He would have made a zero profit on that WIN within the first 2 to 3 days of betting.

Yes, it is a lot of money, but the profit gets smaller, with every bet you place... Click on his name, and you will see his betting history, to see the whole picture.  Grin {He used a strategy of placing 40 bits on every round, for a LOT of games, before he won... He now decreased his bet to 10 bits per round} So every bet after that WIN will also decrease his winnings from that round.

Over time, if you keep on playing, and you not winning, it just gets absorbed again. {Most people WIN big and keep playing.. so it's gone in a day or two}  Sad

https://www.moneypot.com/user/Trolljegeren - Betting 1 000 000 bits per bet {$235 per bet} NOW that takes balls.  Shocked


ops sorry

I missed your point  Tongue


That player you linked played 4 months ago: not sure but I guess that time btc was worth more than $235.

the price of bitcoins 4 months ago is around $350-400 and i think around that time , moneypot is still run by espringe instead of rhavar

R


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Neonecrox13
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February 23, 2015, 06:36:49 PM
 #1262

I'll try this out today.

buddu
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February 23, 2015, 06:44:26 PM
 #1263

.....and another 20,000x cashout  Grin

https://www.moneypot.com/game/1129935


amazing win ever i seen 20,000X, congrats man for this.
This is really unbelievable I saw many times index going up and up but mostly without having bets placed on that. Cool someone succeed to hit that high.
cazkooo
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February 23, 2015, 06:50:12 PM
 #1264

I'll try this out today.

beware of addiction, this site is pretty much addictive and you will end up blowing up your coins before you realize it
BitcoinBoss666
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February 23, 2015, 06:54:58 PM
 #1265

.....and another 20,000x cashout  Grin

https://www.moneypot.com/game/1129935


Very big hit. Congratulation!!
FattyPonzi
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February 23, 2015, 07:29:36 PM
 #1266

dat fail.. i wanted to made bet 1666 bits and auto-cashout at x2000 but i waited for the next round cuz i was too scared ( that was my whole balance ) and the round that i skipped got x3200.. im just idiot
blockage
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February 24, 2015, 12:07:17 AM
 #1267

Nope you missing my point...  Grin

If every round takes +/- 5 seconds on average and his strategy was to place 40 bit on every bet, with a x20 000 payout... He would have made a zero profit on that WIN within the first 2 to 3 days of betting.

Yes, it is a lot of money, but the profit gets smaller, with every bet you place... Click on his name, and you will see his betting history, to see the whole picture.  Grin {He used a strategy of placing 40 bits on every round, for a LOT of games, before he won... He now decreased his bet to 10 bits per round} So every bet after that WIN will also decrease his winnings from that round.

Over time, if you keep on playing, and you not winning, it just gets absorbed again. {Most people WIN big and keep playing.. so it's gone in a day or two}  Sad

https://www.moneypot.com/user/Trolljegeren - Betting 1 000 000 bits per bet {$235 per bet} NOW that takes balls.  Shocked


ops sorry

I missed your point  Tongue


That player you linked played 4 months ago: not sure but I guess that time btc was worth more than $235.

the price of bitcoins 4 months ago is around $350-400 and i think around that time , moneypot is still run by espringe instead of rhavar

If I remember correctly at the point Trolljegeren played the site was already sold to Rhavar.

sed
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February 24, 2015, 12:15:35 AM
 #1268

I think the main thing that's holding me back on playing this game more is that I don't yet understand all the rules (the faq page seems to be missing some material), I don't really understand the interface (probably related to the fact that I don't understand the rules), and I don't understand the units---I know supposedly this "bits" thing is "easy" but I just find it very confusing.

So, the only thing I've really seen from this game is that it has a neat animation where a line is drawn on a graph.  I know there's more to it than that but these are the barriers for me.
Neonecrox13
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February 24, 2015, 12:19:25 AM
 #1269

1000 bits = 1mbtc

All you do is wager the amount u want and when u want to "cashout" hit the collect button. If you don't hit it before the game crashes you lose.

sed
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February 24, 2015, 12:23:17 AM
 #1270

1000 bits = 1mbtc

Right, I know that bits is supposed to be a unit of BTC somewhere between 1 satoshi and 1mBTC but I can never remember exactly what that interval is and then when folks start talking about large numbers of "bits" I'm totally confused (asking myself, decimal is two places to the right or to the left?).  I really don't get why this new unit was invented, and, as far as I can tell, moneypot seem to be the only place that it's being used.

Quote
All you do is wager the amount u want and when u want to "cashout" hit the collect button. If you don't hit it before the game crashes you lose.

Huh, but I thought I was supposed to put my "cashout" level in before the game started.  Also, I thought there was something about who bets the most or some other aspect.  In my browser, there seems to be enough latency that I never saw a "cashout" button while the game was running.

Kprawn
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February 24, 2015, 05:30:16 AM
 #1271

Look at it like this :

The graph shows the growth of a commodity on the stock exchange, and you have a opportunity before the rise of the price, to buy some. You need to predict when to sell, before it totally collapse.  Grin Grin

So if you bought 20 bits worth and it goes up, and you sell {cashout} before it collapse, you will get your amount of bits, times the value you cashed out on. {Example : If you buy 20 bits and it runs to x1000, and you cashout/sell at say x500... you would have made a profit of 20 x 500 = 10 000 bits {You would obviously subtract your 20 bits}

If you do not sell, and it collapse, you lose everything.

It's easy to work out the bits value ..... just open up www.preev.com and choose the bits indicator on the left hand side... {The symbol that looks like a u} just type in the amount of bits and change the option to the right to your local currency.  

Or you can use their own built in conversion tool in the chat screen... this has been explained in this thread already.

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s1ng
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February 24, 2015, 06:39:40 AM
 #1272

.....and another 20,000x cashout  Grin

https://www.moneypot.com/game/1129935


amazing win ever i seen 20,000X, congrats man for this.
This is really unbelievable I saw many times index going up and up but mostly without having bets placed on that. Cool someone succeed to hit that high.

Realy really nice and very lucky but I saw you're profit still negative.
The hardest part is chasing a loss.

I'll try this out today.

beware of addiction, this site is pretty much addictive and you will end up blowing up your coins before you realize it

Yes, I'm become addicted on the first glance and the site bust me at the end  Sad
hopenotlate
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February 24, 2015, 07:22:37 AM
 #1273


Realy really nice and very lucky but I saw you're profit still negative.
The hardest part is chasing a loss.

I'll try this out today.

beware of addiction, this site is pretty much addictive and you will end up blowing up your coins before you realize it

Yes, I'm become addicted on the first glance and the site bust me at the end  Sad

lol, been there, done that  Grin Grin

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arallmuus
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February 24, 2015, 09:41:05 AM
 #1274


Realy really nice and very lucky but I saw you're profit still negative.
The hardest part is chasing a loss.

I'll try this out today.

beware of addiction, this site is pretty much addictive and you will end up blowing up your coins before you realize it

Yes, I'm become addicted on the first glance and the site bust me at the end  Sad

lol, been there, done that  Grin Grin

this is one of my gambling website which I visited and play there besides coinroyale, PD and DB
The site is attractive and addictive even with a simple design like that, imagine if rhavar change the design and allow and invest feature + crazy advertising, this sites could become one of the best gambling sites ( which i believe the site is already one of the best out there)

R


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LLBIT
  CRYPTO   
FUTURES
 1,000x 
LEVERAGE
COMPETITIVE
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EXECUTION
.
   TRADE NOW   
buddu
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February 24, 2015, 11:07:48 AM
 #1275

I'll try this out today.

beware of addiction, this site is pretty much addictive and you will end up blowing up your coins before you realize it
This is exact like this as you wrote this site makes you addictive at start you win and later you loose all winnings.
cazkooo
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February 24, 2015, 03:27:40 PM
 #1276

I'll try this out today.

beware of addiction, this site is pretty much addictive and you will end up blowing up your coins before you realize it
This is exact like this as you wrote this site makes you addictive at start you win and later you loose all winnings.

not really , i made a quite good profit from moneypot, and there are some members who won big bucks here and also there are those who lost alot here, all i say is this site is pretty addictive so you need to control yourself otherwise you will be blowing big coins here
Neonecrox13
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February 24, 2015, 03:39:32 PM
 #1277

1000 bits = 1mbtc

Right, I know that bits is supposed to be a unit of BTC somewhere between 1 satoshi and 1mBTC but I can never remember exactly what that interval is and then when folks start talking about large numbers of "bits" I'm totally confused (asking myself, decimal is two places to the right or to the left?).  I really don't get why this new unit was invented, and, as far as I can tell, moneypot seem to be the only place that it's being used.

Quote
All you do is wager the amount u want and when u want to "cashout" hit the collect button. If you don't hit it before the game crashes you lose.

Huh, but I thought I was supposed to put my "cashout" level in before the game started.  Also, I thought there was something about who bets the most or some other aspect.  In my browser, there seems to be enough latency that I never saw a "cashout" button while the game was running.



Think of it like this, 1 bit=10sats. Pretty simple.

hopenotlate
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February 24, 2015, 03:50:07 PM
 #1278

1000 bits = 1mbtc

Right, I know that bits is supposed to be a unit of BTC somewhere between 1 satoshi and 1mBTC but I can never remember exactly what that interval is and then when folks start talking about large numbers of "bits" I'm totally confused (asking myself, decimal is two places to the right or to the left?).  I really don't get why this new unit was invented, and, as far as I can tell, moneypot seem to be the only place that it's being used.

Quote
All you do is wager the amount u want and when u want to "cashout" hit the collect button. If you don't hit it before the game crashes you lose.

Huh, but I thought I was supposed to put my "cashout" level in before the game started.  Also, I thought there was something about who bets the most or some other aspect.  In my browser, there seems to be enough latency that I never saw a "cashout" button while the game was running.



Think of it like this, 1 bit=10sats. Pretty simple.

....So simple that you missed it  Tongue

1 bit = 100 satoshis

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IsThisDutch
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February 24, 2015, 03:54:37 PM
 #1279

I'm new to the whole bitcoin-gaming, and am just checking some out, but this is by far the most fun I've seen until now. Really am enjoying my time on there.
cazkooo
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February 24, 2015, 04:09:14 PM
 #1280

I'm new to the whole bitcoin-gaming, and am just checking some out, but this is by far the most fun I've seen until now. Really am enjoying my time on there.

first , welcome to the whole new industry if bitcoin gambling
there are a lot decent sites but moneypot by far is the most unique gameplay
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