Asset - Burst Casino

  • So I sold 83 of the burst casino assets a few days ago and it's still pending. Anyone know why my dale has not gone threw?

    8177928794545009572 / 09/04/2017 00:09:22 Ask Order Placement 0 2 / 1440+
    5378205287010854647 / 09/04/2017 00:09:15 Ask Order Placement 0 2 / 1440+
    18191011721667877866 / 09/04/2017 00:09:27 Ask Order Placement 0 2 / 1440+
    6400493130798836327 / 09/04/2017 00:01:15 Ask Order Placement 0 2 / 1440+
    5323644103302160225 / 09/04/2017 00:00:13 Ask Order Placement 0 2 / 1440+
    3927500526369258143 / 09/04/2017 00:01:34 Ask Order Placement 0 2 / 1440+
    3531853081999421471 / 09/04/2017 00:01:24 Ask Order Placement 0 2 / 1440+
    1159559222555233961 / 09/04/2017 00:00:50 Ask Order Placement 0 2 / 1440+
    751685021803776134 / 09/04/2017 00:00:36 Ask Order Placement 0 2 / 1440+
    13432967145667449305 / 09/04/2017 00:00:20 Ask Order Placement 0 2 / 1440+
    12849077514739720290 / 08/04/2017 23:59:43 Ask Order Placement 0 2 / 1440+
    10583868034648509068 / 09/04/2017 00:01:01 Ask Order Placement 0 2 / 1440+
    3910901909697697730 / 08/04/2017 23:55:13 Ask Order Placement 0 2 / 1440+
    16918380270645461249 / 08/04/2017 23:59:16 Ask Order Placement 0 2 / 1440+
    14501660305582364365 / 08/04/2017 23:57:26 Ask Order Placement 0 2 / 1440+
    12167404526031351826 / 08/04/2017 23:56:07 Ask Order Placement 0 2 / 1440+
    11453121308627678176 /

    Zaus what's up with the assets I sold?

    Hi TheTruth ,


    First of all, please try to avoid posting 3 times in a row for the same thing... it just causes clutter, and will not get you an answer any faster.


    As for the problem you describe above, can you confirm that these orders are not in your Open Orders, see in the Asset Exchange section of the wallet? If you set a price and the price goes down before your order is filled, then the order will just sit there and wait for the price to reach it.... like on any exchange. Please check, and reply once with the result.


    Thanks.

  • Hello everyone, we ended the week at loss so no dividends to pay out for last week.


    Please read Burst Casino - Important Notice for more info about Burst Casino.


    Thank you :)

    it's ok Zeus! It will all work out :)

  • I understand the owner of the casino has already set a course of action. I would have recommended the problem and his thought out solution be put out there for community comment prior to the decision being made. Thinking long and hard and consulting with one or two people seems to be short changing the community potential. Especially one that has a vested interest in the casino. Especially when the decision just needlessly (IMO) slashed the asset value in half.


    Consider the following:


    The casino lost 22-23 million burst. Apparently in one week. If I recall a few weeks back we had a payout of about that much. I don't recall the asset doubling in price prior to the payout or loosing half its value after the payout. That's because the asset price is not set by the payouts. Its not set by the bank roll or lack of one either. Certainly not set by the owner. Its set by the buyers and sellers which is based on whatever they value. They valued the casino at 400 (even after the loss). When the owner announced a 50 burst per asset and a 4:1 exchange he in effect became the market and the old asset dropped to his artificial price of around 200 (why buy 1 at 400, convert to 4 (100 a piece for new) when you can buy at 50). That comes to a haircut of 200 million burst. All over a 23 million bank roll loss? At the market price of 400 per asset 23 million comes to 57,500 contracts. The owner could have came out and said, hey we lost the bank roll. We will need to raise funds with a 6 percent asset dilution sale based on current price or if we can't get 400 then the dilution may be higher as we will need to sell more. I would have given the market and the community a chance. 23 million is nothing. (A 6 percent dilution most likely would not have hurt the price to much, certainly not 50%).


    How about this one. Hey guys, remember that nice fat payout a few weeks ago. We need it back.


    Heres one. We lost the bankroll. We need investors. We will issue x shares of whatever and it will pay 10% interest. You will be paid back with interest and then the asset becomes worthless.


    How much is 200 million burst worth? Can we not take the time to think a bit more on this?


    I suspect the motive for this plan is not the bank roll. Why destroy 200 million in value because 23 million was lost?


    In addition:


    Assuming buyers continue to value the casino as they did before it's logical that the price would go back up to pre-problem price which would be 100 per contract (Once the owner sells the assets at below market price the market will once again take over). However it is not likely the market will do this until the earnings catch up to the dilution that has taken place. I'm not speaking of the 4:1 exchange but the other 6 million or whatever it is. As I said before buyers and sellers determine price however I would give a lot of weight to earnings per contract. Buyers like making money.


    One more thing:


    I didn't see anything in regards to how the 50 per share will be sold. Is this going to be another whale sale at 50 and everyone else buy in higher.


    Ok, there is one more.


    Isn't it well known a big player can drain a bank roll if they are allowed to win to much of the bank roll in a single play? Even with your changes wouldn't it make sense to set a side some of the profits so that a bank roll can be replenished rather then further asset dilution?


    Please re-think your plan.

  • Especially when the decision just needlessly (IMO) slashed the asset value in half.

    As you state, this is your own opinion (IMO) and not fact. Personally as a businessman myself, this is a massive move that will allow burst casino to comfortably continue to grow as it has been and will provide much more long term confidence to investors who value their investment having a secure future, done right this second round, with potential issues were overlooked in the begining due to the fact that such incredible rapid growth was never anticipated. This is a breath of fresh air.

    I suspect the motive for this plan is not the bank roll. Why destroy 200 million in value because 23 million was lost?

    The beauty of freedom of thought at play here, as you suspect this is the case, other investors beg to differ.

    I didn't see anything in regards to how the 50 per share will be sold. Is this going to be another whale sale at 50 and everyone else buy in higher.

    These details have been outlined already.

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  • Paphi

    Well that's nice and all but that is not really the point I'm talking about...

  • bootmeup

    working for yourself is better if you do that...but longer hours

  • Paphi

    The problem is, I want to get to the point where I can make a lot of money, working to the bare minimum and overall living well, Yes I do realize it sounds kind of selfish and dream like, but this is the goal I have pretty much set to myself

  • bootmeup

    thats great also

  • Rodox

    16 years, enjoy life, you have time

  • Paphi

    I can't really explain myself well on the topic, but a better way of explaining my way of thought is by reading the book "UNSCRIPTED: Life, Liberty, and the Pursuit of Entrepreneurship"

  • Paphi

    you can read it for free here, someone sent me the book a few days ago, so far it's been a great reading and thinking material https://drive.google.com/file/d/0B-Bs2ZWw_7bvNmVURHc2dGRLRUk/view

  • bootmeup

    rodex your a legionnaire?

  • bootmeup

    i think i read it before..heheh

  • Paphi

    I understand your point of view Rodox, but I can't have my time until I assure my future :/

  • Rodox

    no boot

  • Rodox

    The entry conditions are very hard to the foreign legion, the contract is 5 years without possible return, he can try if he wants

  • ZEUS GOD OF THUNDER

    there's not nearly enough information about burst out there to support this vilume

  • ZEUS GOD OF THUNDER

    *volume

  • ZEUS GOD OF THUNDER

    that's why it's going down, no roadmap, no announcements

  • bootmeup

    and waiting to get more at cheap price?

  • Rodox

    Paphi https://youtu.be/yaXdj8Bmv8I

  • Paphi

    oh i like documentary films :) will give it a watch in a few minutes

  • bootmeup

    oic rodox, did not know they let non french join..the republican guard france

  • Rodox

    Some Napoleonic legions were foreign boot

  • Rodox

    Polish and many others

  • bootmeup

    yes i know legions would

  • bootmeup

    be hard for me to stand all day like that https://en.wikipedia.org/wiki/Republican_Guard_(France)#/media/File:Republican_Guard_%C3%89lys%C3%A9e_Palace_1.JPG

  • scheven_architect

    I wonder where burst will stabilize.

  • Rodox

    haha boot

  • Rodox

    The horse has more class

  • AngerdX

    in a sea of red burst holding well

  • scheven_architect

    Why so much red atm?

  • AngerdX

    might be loads of ppl prepping for the btc fork

  • ZEUS GOD OF THUNDER

    scheven bitcoin is down a bit there's a lot of people holding

  • ZEUS GOD OF THUNDER

    waiting to see if it goes back up

  • Paphi

    Gonna go now, cya everyone

  • ZEUS GOD OF THUNDER

    some nice movement going on though

  • scheven_architect

    bye

  • AngerdX

    i know loads of ppl who are liquidating into btc for 1st agust

  • Rodox

    ciao Paphi

  • ZEUS GOD OF THUNDER

    the btc fork is going to be a bloodbath, no way am I going to be anywhere near btc around then

  • bootmeup

    later paphi

  • ZEUS GOD OF THUNDER

    might liquidate to ethereum

  • AngerdX

    if the chain splits loads want to get both heh

  • ZEUS GOD OF THUNDER

    I think marketing burst as a coin to step in for bitcoin payments during this fork shit would be a good thing to do

  • ZEUS GOD OF THUNDER

    how good is burst really for payments though, or for anything else?

  • AngerdX

    i leave that to adam, marketing not my thing heh

  • ZEUS GOD OF THUNDER

    like what edge does it have technologically?

  • AngerdX

    Zeus i don´t know that and don´t really care

  • ZEUS GOD OF THUNDER

    why don't you care?

  • ZEUS GOD OF THUNDER

    don't you want to be a smart investor?

  • ZEUS GOD OF THUNDER

    that understand their investment?

  • AngerdX

    got smarter ppl than me to do that

  • ZEUS GOD OF THUNDER

    what's with all the big sells just put up close to lowest ask

  • ZEUS GOD OF THUNDER

    like why bother

  • AngerdX

    some sell and buy constantly for smaller gains

  • bootmeup

    reloading it looks like..but i dont know...heheh

  • scheven_architect

    Sold my burst after hearing that there wasn't much in the pipeline for Burst development wise.

  • scheven_architect

    Bought back in when it start soaring.

  • ZEUS GOD OF THUNDER

    I've been holding how since 400 sats, very happy indeed

  • ZEUS GOD OF THUNDER

    made a large sell at 900, bought back in at 770

  • scheven_architect

    Bought back in at 715...

  • AngerdX

    i need to quadruple my burst on polo

  • xnoob2017

    24hr low 760

  • xnoob2017

    715 on bittrex?

  • AngerdX

    yah holding well

  • scheven_architect

    Bought on polo

  • sumit30.gupta

    Bitcoin hard fork to happen ?

  • scheven_architect

    burst coin being pushed down now by microbuy/sells

  • AngerdX

    if it happens it´ll be an softfork and we will have 2 coins

  • sumit30.gupta

    We already have bitcoin unlimited and all

  • WillyDaSkint

    "Morning Burst Nation

  • sumit30.gupta

    It was too a result of hard fork noe?

  • mike2279

    segwit x2 was going to be actived on bitcoin i think i seen a few days ago so bip148 will not happen if that does work then there will be no need for 2 coins i think

  • AngerdX

    morning willy

  • bootmeup

    gm willy

  • sumit30.gupta

    mike2279 agreed

  • AngerdX

    honestly as it comes closer it might get a bit clearer how it might turn out

  • WillyDaSkint

    my first concert was Dio ...this guy was awesome

  • rattle99

    hey willy

  • WillyDaSkint

    Hey rattle

  • rattle99

    how much do you make on a day on aberage on all.poolofd32th?

  • rattle99

    *average

  • WillyDaSkint

    well not a tot

  • WillyDaSkint

    lot

  • sumit30.gupta

    If there are two coins , those holding bitcoin will have another one as some reward?

  • rattle99

    i just need an idea, just started mining there

  • rattle99

    wily? any approximation?

  • WillyDaSkint

    81 burst the other day and a 3 burst bonus today

  • rattle99

    lol...extreme diff

  • WillyDaSkint

    ive only been at that pool for a few days

  • rattle99

    i see

  • rattle99

    guys, did you see that pajeet guy?

  • Ivo Indjev

    can someone help me out

  • WillyDaSkint

    at burstneaon 1 averaged 16 a day

  • rattle99

    same, me too

  • Ivo Indjev

    my xplotter is lagging out to not responding after i set up my stuff to start plotting

  • Ivo Indjev

    any idea why ?

  • rattle99

    but, there was some problem there had to move out

  • xnoob2017

    try using 1 less thread Ivo

  • Ivo Indjev

    will try

  • Ivo Indjev

    what number of threads is recommended?

  • rattle99

    1 less than your total should be fine

  • Ivo Indjev

    well it was 1