Post
Topic
Board Gambling
Re: bustabit v2 – No commission on investors & dilution fee lowered to 1%
by
RHavar
on 26/02/2018, 01:31:54 UTC
That's a bold faced lie.

You were the first investor because you knew when it was launching and originally received 10% dilution fees from everyone.

I was certainly an early investor, but I don't see how that changes anything -- especially on account that Daniel reimbursed everyone for the 10% dilution fees out of pocket. Anyway, my net profit/loss from dilution fees is pretty negligible. Not sure exactly, but I suspect it's < 1% of my investing loss  (which with hindsight my investment has been the single biggest financial mistake of my life  Tongue)  But  I'm not going to complain, I knew the risks and based on the current volumes it's seems pretty likely the site will get out of the red in the next 6 months (in fact, I've recently seen it in positive profit briefly twice so far during the crazy whale action).


Regardless, I really don't know what more you expect. The site is already running with no commissions, did a pretty big refund to investors and lowered the worst-case kelly. If you're not prepared to absorb (a lot of) variance, don't join the bankroll.