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Bitcoin Forum > Economy > Marketplace > Gambling > Did you know your negative profit dice account have value? (neg investing)
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Author Topic: Did you know your negative profit dice account have value? (neg investing)  (Read 1043 times)
BayAreaCoins (OP)
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August 27, 2014, 10:01:10 PM
 #1
Please PM me with how much you are negative for a quote!

Quotes depend on play volume/BTC down.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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August 27, 2014, 10:04:28 PM
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Why do you want to know how much people have lost in dice websites?
BayAreaCoins (OP)
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August 27, 2014, 10:09:17 PM
 #3
Quote from: rz20 on August 27, 2014, 10:04:28 PM
Why do you want to know how much people have lost in dice websites?

If they want to divest and leave the site.  I'll buy their account because they are prepaid the 10% commission until they break even.

Example:
https://bitcointalk.org/index.php?topic=355604.msg3845498#msg3845498
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August 27, 2014, 10:11:26 PM
 #4
Quote from: rz20 on August 27, 2014, 10:04:28 PM
Why do you want to know how much people have lost in dice websites?

He is talking about "investment" losses.

If you invested 100 BTC and lost 10 BTC to a whale, you might be tempted to give up and throw the account away.

But that account, with the 10 BTC investment loss, is immune from paying commission until it recovers the 10 BTC it lost.

That means it is worth 10% of 10 BTC = 1 BTC in saved future commission to someone who is intending to invest their coins in a dice site bankroll.
Just-Dice                 ██             
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            ██████            		   1% House Edge
BayAreaCoins (OP)
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August 27, 2014, 10:16:18 PM
 #5
Quote from: dooglus on August 27, 2014, 10:11:26 PM
Quote from: rz20 on August 27, 2014, 10:04:28 PM
Why do you want to know how much people have lost in dice websites?

He is talking about "investment" losses.

If you invested 100 BTC and lost 10 BTC to a whale, you might be tempted to give up and throw the account away.

But that account, with the 10 BTC investment loss, is immune from paying commission until it recovers the 10 BTC it lost.

That means it is worth 10% of 10 BTC = 1 BTC in saved future commission to someone who is intending to invest their coins in a dice site bankroll.

Thanks doog and he is spot on.
https://AltQuick.com/exchange/ - Trade altcoins & Bitcoin Testnet coins with real Bitcoin. Fast, private, and easy!
https://FreeBitcoins.com/faucet/ - Load your AltQuick exchange account with free Bitcoins & Testnet every 10 minutes.
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