Hey there Leo, noticed bankroll is steadily declining due to divestments ( investor profit is usually quite close to profit ATH) in last months , max bet profit is almost half of what it was around 5/6 months ago : do you think it due to BTC reaching its ATH or maybe the recent KYC thing you introduced for new investment or maybe both?
While the mandatory KYC check for new investments has definitely slowed them down, I believe it's mostly due to the price. At least that's what a couple of investors I spoke with mentioned. When I took over, Bitcoin's price was about half of what it is today.
Are you considering lowering commission rate to incentivize investment?
The investing system is designed in a way that naturally incentivizes new investments. For example, a few weeks ago the commission rate was still pretty high (around 70%) partially because Bitcoin's price kept going up, which made it less appealing for investors. But now that ~200 BTC have been divested, the commission rate dropped to 50%, making it considerably more attractive to them once again.
Are you considering lowering commission rate to incentivize investment?
The recent KYC introduction for the new investments might be a reason why many have divested and new investors are not willing to take part. I would have considered adding in more BTC but after this rule, I am holding on whatever I have already put in and observing how it goes. Till date it has been good with a 20-30% per annum interest and hence I will let it grow on the site.
Lowering the commission could be an option, but I think the KYC hits harder than commission. People are crazy about privacy in this sector and they ought to be.
I'm sure it puts some people off, and as you said, that's understandable. Despite that, we are still verifying new investors every other day, and the lower commission rate could attract even more investments. For what it's worth, the investors' return since February 26th (the day I took over) has been 36%, even though the commission rate was quite high for most of that time.