$100 High Roller Bitcoin Bowl-- Huge pot?

[SleeperCards]

Originally Posted by StevenTormollan

Can someone please answer these couple questions about the waiver wire?

The commissioner said he can see our waiver order, but nowhere that i can find - shows us our waiver position.

Does anyone know where i can see that?

And in settings it says the waiver type is

"Continual rolling list"

I'm used to ESPN - so does this mean MOVE TO LAST AFTER CLAIM

or RESETS EACH WEEK TO INVERSE ORDER OF STANDINGS

Those are the two options on espn, i'm sure yahoo is one of these its just using different verbiage. A little help would be appreciated, thanks.

Steven

For waiver order click "League", then click "Managers". You currently have 6th priority on waivers.

As for continual rolling list, I believe you are correct that it means you move to last after a claim (as it should be, that inverse order default on ESPN is garbage.)

[StevenTormollan]

Originally Posted by SleeperCards

For waiver order click "League", then click "Managers". You currently have 6th priority on waivers.

As for continual rolling list, I believe you are correct that it means you move to last after a claim (as it should be, that inverse order default on ESPN is garbage.)

Thanks for the response. I agree the inverse order on espn stinks.

Can anyone else familiar with yahoo confirm that "continual rolling list" means "move to last after claim"

Just want to be 100% sure. Thanks.

Steven

[49ers_Swag]

Yes you move to last. If you have the Yahoo fantasy app it shows you the waiver order on the league standings page.

[StevenTormollan]

Originally Posted by 49ers_Swag

Yes you move to last. If you have the Yahoo fantasy app it shows you the waiver order on the league standings page.

Thanks. I'm all clear now. Appreciate the help.

Steven

[SleeperCards]

Originally Posted by StevenTormollan

Thanks for the response. I agree the inverse order on espn stinks.

Can anyone else familiar with yahoo confirm that "continual rolling list" means "move to last after claim"

Just want to be 100% sure. Thanks.

Steven

Continual rolling list: waiver claims are processed in waiver priority order and each successful claim moves a manager to the end of the waiver priority list

Sorry I got distracted while looking for the info, didn't realize he had already posted.

[StevenTormollan]

Originally Posted by SleeperCards

Continual rolling list: waiver claims are processed in waiver priority order and each successful claim moves a manager to the end of the waiver priority list

Sorry I got distracted while looking for the info, didn't realize he had already posted.

No problem at all, i appreciate your time and effort.

Steven

[SleeperCards]

BTC dipped all the way down to $3000 and is back up to around $3700, would have loved to get in at $3000, when are you planning on purchasing? I'm fine with any price under where it was on the day I assumed it would be purchased (when all payments had been received.) I don't really care if BTC is $5k or $22, obviously it would be nice to get it for less than the level it was when we signed up, but part of the fun of this was to watch it rise & fall over the season.

[SleeperCards]

Originally Posted by SleeperCards

BTC dipped all the way down to $3000 and is back up to around $3700, would have loved to get in at $3000, when are you planning on purchasing? I'm fine with any price under where it was on the day I assumed it would be purchased (when all payments had been received.) I don't really care if BTC is $5k or $22, obviously it would be nice to get it for less than the level it was when we signed up, but part of the fun of this was to watch it rise & fall over the season.

Just checking in on purchase status.

Also, anyone else have an opinion on this?

[WYTMKE]

Either do it or don't do it but a decision needs to be made in both bitcoin leagues

[WYTMKE]

this is getting old that were are not getting any updates as to what it going to be done with the money

[ffwiseguy]

Originally Posted by WYTMKE

this is getting old that were are not getting any updates as to what it going to be done with the money

I appreciate that OP is trying to be judicious as possible with the money, but as sleepercards said, part of the fun is watching the swings during the season, and we all understood the risk involved including the chance it went down. No ones going to blame 49ers_swag if the BTC portion ends up losing money. Unless a huge downswing is anticipated in the next week, my vote is get in now and let the chips fall where they may.

[49ers_Swag]

Consider this a standard payout league. There is no incentive to invest in a currency that has fallen as much as $1,500 since the start of this thread. Bitcoin was an intriguing idea when it was consistently gaining. Now people are selling off and it is not going to get back to its peak value again this year. I'm not comfortable putting the money in bitcoin. Analysts are predicting another wave of sell offs and price decline soon.

[WYTMKE]

Originally Posted by 49ers_Swag

Consider this a standard payout league. There is no incentive to invest in a currency that has fallen as much as $1,500 since the start of this thread. Bitcoin was an intriguing idea when it was consistently gaining. Now people are selling off and it is not going to get back to its peak value again this year. I'm not comfortable putting the money in bitcoin. Analysts are predicting another wave off sell offs and price decline soon.

Sounds good thanks

[Viking6]

I know next to nothing about bitcoin outside of watching a documentary on it.

I do not follow the month to month flow in value. I am perfectly OK with the OP waiting as long as he sees fit to possibly invest the funds, especially if it is on the downward trend.

If we do not have a set non bit coin payout already... That should probably be determined now.

[49ers_Swag]

Originally Posted by ffwiseguy

I appreciate that OP is trying to be judicious as possible with the money, but as sleepercards said, part of the fun is watching the swings during the season, and we all understood the risk involved including the chance it went down. No ones going to blame 49ers_swag if the BTC portion ends up losing money. Unless a huge downswing is anticipated in the next week, my vote is get in now and let the chips fall where they may.

I do feel responsible for managing the funds. I believe this is the best course of action at this time.

Originally Posted by Viking6

I know next to nothing about bitcoin outside of watching a documentary on it.

I do not follow the month to month flow in value. I am perfectly OK with the OP waiting as long as he sees fit to possibly invest the funds, especially if it is on the downward trend.

If we do not have a set non bit coin payout already... That should probably be determined now.

Payouts updated in the OP.

[SleeperCards]

Originally Posted by 49ers_Swag

Consider this a standard payout league. There is no incentive to invest in a currency that has fallen as much as $1,500 since the start of this thread. Bitcoin was an intriguing idea when it was consistently gaining. Now people are selling off and it is not going to get back to its peak value again this year. I'm not comfortable putting the money in bitcoin. Analysts are predicting another wave off sell offs and price decline soon.

That defeats the entire purpose of the league. This shouldn't have even been an issue as the bitcoin should have been purchased the day all the payments were cleared regardless of market turmoil. I understand you aren't comfortable putting your money in bitcoin, but the decision wasn't really yours to make. We all knew the risks going in, making a unilateral decision on what to do with our money after we all had agreed to something beforehand is not a good look, I urge you to reconsider.

[WYTMKE]

Originally Posted by SleeperCards

That defeats the entire purpose of the league. This shouldn't have even been an issue as the bitcoin should have been purchased the day all the payments were cleared regardless of market turmoil. I understand you aren't comfortable putting your money in bitcoin, but the decision wasn't really yours to make. We all knew the risks going in, making a unilateral decision on what to do with our money after we all had agreed to something beforehand is not a good look, I urge you to reconsider.

I do really agree with what is said here

[ffwiseguy]

Agree with a lot of the above on both sides. I think 49ers_swag's intentions were and continue to be in the best interest of the league. I think the sudden drop came as a surprise, which derailed his original purchase plan. I'm also okay with the decision to convert to a standard payout if there is not much hope for a BTC rebound.

Some clearer communication and request for league input, both pre-season and over the last couple weeks, might have eased some of the tensions and had everyone on the same page. As it is, I'm okay to move forward and enjoy the season, and if the scenario changes in a way that allows us to purchase, we can consider it then.

[49ers_Swag]

Originally Posted by SleeperCards

That defeats the entire purpose of the league. This shouldn't have even been an issue as the bitcoin should have been purchased the day all the payments were cleared regardless of market turmoil. I understand you aren't comfortable putting your money in bitcoin, but the decision wasn't really yours to make. We all knew the risks going in, making a unilateral decision on what to do with our money after we all had agreed to something beforehand is not a good look, I urge you to reconsider.

The purpose of the league is fantasy football first and foremost.

If I had invested immediately we would be down money.

You're right, I sold most of my btc at the first sign of decline and am now out completely, however as commissioner and someone knowledgeable about the btc market I do believe it is ultimately my responsibility to manage the funds wisely. I thought this would work out and the pot would be bigger than standard payout. I don't believe it will any more.

If we all agreed to go swim at bitcoin beach but we can see sharks circling in the water do we just say screw it and take the plunge because that's what we agreed to beforehand?


I have a proposition for you sleeper. Since you are so adamant about this and I'm confident btc will continue to decline short term.

$500 is 0.12573 Bitcoin today. If it is worth more at the end of the fantasy championship I will match the difference and add it to the pot. If it is worth less, you match the difference and add it to the pot.

We can track this and have some fun with it if fun is more important than making smart decisions. It is basically the same as investing the money but the group wins either way and one of us takes the loss.

[SleeperCards]

I sent that reply before your post was viewed, I'll read it and respond.

[SleeperCards]

Originally Posted by 49ers_Swag

The purpose of the league is fantasy football first and foremost.

If I had invested immediately we would be down money.

You're right, I sold most of my btc at the first sign of decline and am now out completely, however as commissioner and someone knowledgeable about the btc market I do believe it is ultimately my responsibility to manage the funds wisely. I thought this would work out and the pot would be bigger than standard payout. I don't believe it will any more.

If we all agreed to go swim at bitcoin beach but we can see sharks circling in the water do we just say screw it and take the plunge because that's what we agreed to beforehand?


I have a proposition for you sleeper. Since you are so adamant about this and I'm confident btc will continue to decline short term.

$500 is 0.12573 Bitcoin today. If it is worth more at the end of the fantasy championship I will match the difference and add it to the pot. If it is worth less, you match the difference and add it to the pot.

We can track this and have some fun with it if fun is more important than making smart decisions. It is basically the same as investing the money but the group wins either way and one of us takes the loss.

I have 0 interest in playing in cash redraft leagues, my interest lies in dynasty leagues and redraft leagues for unique prizes (I joined a National Treasures case league on here as well.) There were 100 leagues I could have joined on here if I was interested in cash redraft leagues.

I find your "wager" offer disingenuous. If you had done your job as commissioner, the BTC would have already have been purchased and we wouldn't be having this conversation. What if you delayed the purchase and it had went up in value? Just because the value went down and it happened to be the "right play" doesn't mean you did the right thing. I realize you probably felt like you'd take heat no matter what you did, but no one would have had a right to complain if you just did as you originally said you would. Sure we'd be down $, but that was a risk we all took by making this a BTC league. I'm not really here for your opinion on what the value of BTC will do over the course of the next 6 months, you could very well be right and it could continue to tank, but none of us know what the market is going to do (and I'm not really concerned about 6 months vs 6 years). I apologize if it sounds like I'm personally attacking you, I'm not, I'm pointing out that you made decisions and altered the process that we had all agreed to.

If you're adamant about making this a cash league and I'm the only one that has a problem with it maybe the best course of action is to refund the entry fee, boot me out, and get someone to take over my team or split it up among the other members. At this point it's more of a matter of principle, I'm not getting what I signed up for (none of us are, but some people don't mind). I'm not trying to be unreasonable, I like to think I'm a pretty reasonable person (maybe I'm wrong.) I don't feel like it's right to fundamentally change the prize like this.

I'm really not trying to be a pain in the butt, I'm a commissioner myself, but I think you'll agree the entire root cause of the issue was you not following through with the BTC purchase (even if it "saved" us). You made a decision, what you thought was best, I get it, but you need to figure out what to do with those who disagree (and if it's only me, it should be a simple decision.) Several members have voiced they are fine playing by the altered payout, I am not.

[49ers_Swag]

We can discuss this later today as I'm working now.

[StevenTormollan]

I am absolutely fine with it being a normal cash league. At this point I would prefer it and I think 49ers Swag has our best interest at heart in not buying btc now.


Sent from my iPad using Tapatalk

[WYTMKE]

Originally Posted by SleeperCards

I have 0 interest in playing in cash redraft leagues, my interest lies in dynasty leagues and redraft leagues for unique prizes (I joined a National Treasures case league on here as well.) There were 100 leagues I could have joined on here if I was interested in cash redraft leagues.

I find your "wager" offer disingenuous. If you had done your job as commissioner, the BTC would have already have been purchased and we wouldn't be having this conversation. What if you delayed the purchase and it had went up in value? Just because the value went down and it happened to be the "right play" doesn't mean you did the right thing. I realize you probably felt like you'd take heat no matter what you did, but no one would have had a right to complain if you just did as you originally said you would. Sure we'd be down $, but that was a risk we all took by making this a BTC league. I'm not really here for your opinion on what the value of BTC will do over the course of the next 6 months, you could very well be right and it could continue to tank, but none of us know what the market is going to do (and I'm not really concerned about 6 months vs 6 years). I apologize if it sounds like I'm personally attacking you, I'm not, I'm pointing out that you made decisions and altered the process that we had all agreed to.

If you're adamant about making this a cash league and I'm the only one that has a problem with it maybe the best course of action is to refund the entry fee, boot me out, and get someone to take over my team or split it up among the other members. At this point it's more of a matter of principle, I'm not getting what I signed up for (none of us are, but some people don't mind). I'm not trying to be unreasonable, I like to think I'm a pretty reasonable person (maybe I'm wrong.) I don't feel like it's right to fundamentally change the prize like this.

I'm really not trying to be a pain in the butt, I'm a commissioner myself, but I think you'll agree the entire root cause of the issue was you not following through with the BTC purchase (even if it "saved" us). You made a decision, what you thought was best, I get it, but you need to figure out what to do with those who disagree (and if it's only me, it should be a simple decision.) Several members have voiced they are fine playing by the altered payout, I am not.

after reading this i agree with sleeper we are not getting what we signed up for. yes not buying bit coin in the begin has saved us some dollars but i say buy now if it goes down that is the chance we all took. but if it goes up sweet

[49ers_Swag]

I have a solution for those that still want the potential gains of BTC.

Right now $500 USD converted to BTC is 0.12736 BTC. If we purchased the BTC it would likely be less due to roughly 3% fees.

Pay scale:

1st $250 + 50% of btc value
2nd $150 + 30% of btc value
3rd $100 + 20% of btc value


I am not investing the groups money in bitcoin. I can not justify doing so with the current market condition. I see another $1,000 plummet coming shortly without a rally. But to satisfy those that wish to dip their toe into the murky water, I will be the Bitcoin Wallet. If the btc goes up in value I will match the gain. If it goes down in value, you still get paid out based on the chart above and I keep the difference, effectively the money I tried to save by not investing.


Those that opt in to btc payout will be invested into btc at this rate. 0.12736 btc = $500 USD.The value of btc can be calculated at any time simply by googling bitcoin value. Lets say google shows BTC is valued at $3,900. You simply take the amount of BTC (0.12736) and multiply by current value ($3,900).

Example A: Player 1 decides to opt into bitcoin. He finishes 1st place. BTC drops in value, 0.12736 btc now equaling $350. Player 1 would get $250 + $175 from btc pot, which is 50% of btc value. I would keep the other $75 that would have been his in a traditional payout structure.

Example B: Player 1 decides to opt into bitcoin. He finishes 1st place. BTC inceases in value, 0.12736 now equaling $550. Player 1 gets $250+ $275 from btc pot and I eat the extra $25 for this players gain.


BTC is currently around $3,900. If it goes up to $5,000, where it peaked 3 weeks ago prior to the China news, based on the $500 investment getting 0.12736 btc the payout scale would be:

1st $250+ $318.4= $568.4
2nd $150+ $191.04=$341.04
3rd $100+ $127.36= $227.36

You can also choose traditional standard payout structure and be paid based off of this scale:

1st: $500
2nd: $300
3rd: $200

Decision must be made today. There is basically no chance this decision makes you more than about $60-75 based on the market but could potentially cost you $150+ if it tumbles like it did a few days ago and does not rally.


I am in for standard payout. Feel free to ask any questions you may have as this may be confusing to some.