Post
Topic
Board Gambling
Re: BetKing.io is a blatant scam operated by Dean Nolan
by
actmyname
on 08/06/2019, 18:28:39 UTC
Also, what is the problem? Under the old buyback method it would take you 3-4 years to even see a return since you could only sell 10% every 3 months.
Now the site is profitable and the token price is increasing and you will be able to get full return or even profit much much faster.
Here is the math, in case anyone is interested.

We are using token stats and the BTC exchange price from this post: ICO audit complete. Final funds raised

Without factoring in any price differences and without factoring in ICO bonuses:
One investment of 3 BTC (13790.4 USD) would yield you 148507.43 BKB tokens*
*without a discount

The following don't factor in any profits/losses:

Buyback Stats (lowest price of $3200)
-------------------------------------
2 quarters: 19.00% sold  ->  $1824.00
4 quarters: 34.39% sold  ->  $3301.44
8 quarters: 56.95% sold  ->  $5467.20
-------------------------------------

Buyback Stats (true prices @ quarter)
-------------------------------------
Q1 (Dec 17): $1379.04 @ $11271.20/BTC = 0.12235077BTC
Q2 (Mar 18): $1241.14 @ $11471.20/BTC = 0.10819618BTC
Q3 (Jun 18): $1117.02 @ $7622.00 /BTC = 0.14655208BTC
Q4 (Sep 18): $1005.32 @ $7230.36 /BTC = 0.13899722BTC
Q5 (Dec 18):  $904.79 @ $4001.27 /BTC = 0.22612570BTC
Q6 (Mar 19):  $814.31 @ $3747.36 /BTC = 0.21730231BTC
Q7 (Jun 19):  $732.88 @ $7910.92 /BTC = 0.09264156BTC

TOTAL: 1.05216582 BTC + 71,030.64 BKB
EQUIVALENT PRICE: $8,206.90 (@7800) + $6,595.90 (@0.09286)
FINAL PRICE: $14,802.80
FINAL PROFIT: $1012.4 (7.34%)


* buyback dates are on 4th of March, June, September, December


On the flipside, if you held the 148507.43 BKB, a conversion of 30 BKT = 1 BKB nets 4,455,222.9 BKT.
This is 0.40097006 BTC (we can only guarantee a sale at the highest buy order)‬ which is roughly $3207.76 (at 8000 USD/BTC)

In order to recoup the losses, one would need BKT to rise to the price of .00000039 BTC/BKT. This is a 333.33% price increase.
I'm being very generous, rounding in the direction of BK's favor.