i was stupid enough to buy ub money @ 0.2 , so no.

People remember ub and FTP. If those two never collapsed lock would be trading at .80 or better.

This doesn't make any sense. Other sites have traded at .80 post black friday too.

It has everything to do with ability to get funds off the site, and very little to do with FTP.

People aren't panic selling, they're looking for buyers so they can get their cashouts right away, instead of waiting 60-200 days.

So when people want to get their cash off faster, they need buyers to take on the money. Buyers look at the cashout time frames and risk of the site and they ask for a vig.

You can directly trace the vigs being given on forums like 2p2 and privately to cashout times.

Even when there were some issues like Girah or the casino bonus lies, the vig didn't move. It's not about how a site handles a scandal, it's almost solely about ease of cashout and prospects of cashing out funds you receive in a trade.

Couldnt have said it better myself

As low as .15, actually, IIRC. I had to take $400 for almost $1800. Made me wanna puke.

IMO Shane's function is a Public Relations Role. Obfusate, delay, distort, and outright lie if you have to.
He said the OP's facts were incorrect.
Notice he didn't say WHICH facts were incorrect.

Maybe the skins/network model sucks? Abolish it? Just have 1 poker room with 1 skin for chrissakes!

lol IF he has to.

Only thing that matters to majority of players in U.S. right now is withdraw speed

right, so risk + cashout times determine vig. you honestly don't think FTP and UB have caused people to reconsider the risk associated with lock funds? when people see something happen for the first time their assessment of the likelihood of that thing happening again (correctly) goes way up. the fact that an entire site has defaulted before almost certainly has had some ancillary impact on lock's going rate.

Yes FTP, UB, and other sites that have collapsed/closed down have had a huge impact on people's appetite to pay Vig. Before any of these colossal downfalls, I'm quite sure moving FTP $ around was very easy.

Looking back to early 2011 you could get FTP for cash at .93 no problem. FTP for Stars at just a point or two. Even UB for FTP/Stars was only a couple points.

Now people are going a bit crazy IMO with selling lock all the way down to .5-.6 on the dollar, even for amounts less than the WU max. I have never waited more than 2 months for a WU withdraw, so paying 40-50% in vig for a max of 2 months time is absolutely crazy. Unfortunately enough chicken littles are flooding the market so that they can get their $500 this week instead of in 6 weeks that it is killing the trading and literally just giving away $ to people who live out of the US that have larger withdraw limits.

+1

I wouldn't be surprised if the big buyers of Lock are creating accounts/and/or paying people to post sky is falling stuff so they can rape the market harder.

Lol no. Lock money is at .50 because euros are taking more than two months to get paid. There are no plausible explanations other than bustoness for this, there are no barriers to paying euros. They should have money in hand in days.

People aren't paying a vig on waiting two months. People are pricing in the probability of lock not paying them ever.

and the serious traders are buying a lot! at .5. Neven been so easy to print money. 100% return under 2 months.

Huh, if lock cash at .5 was such FREE MONEY you'd think the price would get bumped up some

[QUOTE=Hasupt;37697837]and the serious traders are buying a lot! at .5. Neven been so easy to print money. 100% return under

Not if they go broke, would be funny to see Grinder to buy lock $

If it was free money there'd have been buyers at .6

so if Lock goes down will the tournaments and cash games still go on ? am confused if they actually own the whole network/games or are they just a skin and everything will continue to run whether Lock is around or not

Yep exactly this. If someone buys and loses the entire amount, i don't see the seller helping out afterwards, if u know what i mean. He'll say "i payed my vig back then, it's your problem now".

The vig is a mixture of both having to wait 2 months on the money, and the scaredness/risk of losing it all, it's really just like in poker, a somewhat "profitable gamble" the euro's are often willing to take.

McCormick,

How much have you scooped up at .5?

Or are you selling now?

Does Lock have play-through requirements or do they allow you to WU withdraw immediately after a transfer?

Officially it's 1x playthrough afaik, but if your volume is high overall it may not be needed.

they have to wait for their 10k Skrill to be processed IMO.

no reason to have 100k stacked your account waiting for w/d.

If I was a Euro with a Skrill account I would most definitely be doing it.

9 months ago, Merge was almost a month for Skrill for Euros and it never traded below .80 or so. 60 cents is ridiculous.

This.

I only deposited once on Minted for $500 and bought the rest on pocketfives at .75-.90 on the dollar and they were dishing out WU payments within 3-5 days. In August 2011, I bought $800 for $725 and cashed out around $700 on a Friday afternoon in September and received an MTCN in less than 48 hours -- on a Sunday morning -- and Americans were selling poker site money to Americans on the cheap.

When this was unheard of was when you could withdraw to the EPassporte Visa card in your wallet within 24 hours. P2P transfers on internet forums are the new e-wallets.

So the half dozen other operators that have confirmed to me, personally, that Lock is behind on reconciliations are all lying?


I'm asking myself, why would this many people be in a conspiracy against Lock Poker... and I can't find a reason.

--
Kahn