Bitcoin gambling as investment? | Bitcointalksearch.org

vinz7229

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Quote from: BitNotByte on January 24, 2018, 02:40:43 AM

So here I have a friend who's inviting me here on the said gambling investment. It's just simple, you'll send your bitcoin (investment on any amount) on that person then he's going to play using the money collected. After 7 days, your investment will be doubled and the money will be sent back to you after deducting the trans fee. There is a chance of losing but if your money loses, you'll. Be given a 10% refund.

Someone already tried this? Safe or not??

I also have a friend who use to do that kind of investment, she use to play gambling and I can say that she is very well trained playing in (bitsler ) a gambling site. As a matter of fact we haven't tried any loss Everytime we ride in her play that how she good in playing gambling. Another good thing about her play is, she can make our profit doble in just a couple of minutes that's how veterans she is.

cipher-x_09

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I think if differs from gambling because for one bitcoin is a long-term investments which is different because in gambling in one win you could win a huge amount of money or bitcoin or you could be an instant billionaire depending upon your bet which is unlike bitcoin the return on your investments will vary upon the demand on it.

Deubila

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I do not think so. If 10 people invest in bitcoin, there are 7 rich people, but if 10 people participate in gambling I think no one will get money from playing gambling. I think bitcoin is a potential market for us to invest and make a profit. It is different from gambling.

xugzr272186

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Quote from: ajjhu on January 24, 2018, 02:47:22 AM

I think this is very insecure. Because you are not involved and you do not know which one is working, you can only give the money to your friends. I think this might as well go to ICO, at least you can choose, select their own approved projects.

Bitcoin is not a kind of currency, in fact, it is not managed in a monetary way. And bitcoin is a particularly volatile commodity whose inventory is fixed and if it is to be used as a gambling investment, it must be prepared for a loss because people know little about its price.

Satry

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Quote from: BitNotByte on January 24, 2018, 02:40:43 AM

So here I have a friend who's inviting me here on the said gambling investment. It's just simple, you'll send your bitcoin (investment on any amount) on that person then he's going to play using the money collected. After 7 days, your investment will be doubled and the money will be sent back to you after deducting the trans fee. There is a chance of losing but if your money loses, you'll. Be given a 10% refund.

Someone already tried this? Safe or not??

Seven days its took so long.It depends on the player if he is good at strategy. I have a friend that same with your situation and we tried a small amount we invest and she only played at only 20 mins. and it did not take up to 7 days. I think its a huge of scam. Gambling is risky and you cannot consider gambling is a investment if you have a certainty then don't go ahead. If you want to take a risk but definitely profitable and you have nothing to lose you should go on trading and its safe.

simonbakla02

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It will make a comeback. It will raise again from top because its gaining more popularity right now. Because of this popularity many investors coming for this to invest. I can assure that bitcoin will raise again.

dificanovi

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Quote from: BitNotByte on January 24, 2018, 02:40:43 AM

So here I have a friend who's inviting me here on the said gambling investment. It's just simple, you'll send your bitcoin (investment on any amount) on that person then he's going to play using the money collected. After 7 days, your investment will be doubled and the money will be sent back to you after deducting the trans fee. There is a chance of losing but if your money loses, you'll. Be given a 10% refund.

Someone already tried this? Safe or not??

I feel unsafe, I doubt gambling because we will not always win in every gambling. better to trade and follow the bounty campaign because the possibility of gaining a huge profit than to follow gambling.

Indrawan77

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If you been lure into this then you aren't thinking clearly, why should you believe your money to the gambler, if the person is a great gambler he won't need any of your money, because if you keep on winning you can easily multiply your money, and the 10% refund is a fake, there will be a time he will said that he got no money to pay you

Thirio

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Quote from: BitNotByte on January 24, 2018, 02:40:43 AM

So here I have a friend who's inviting me here on the said gambling investment. It's just simple, you'll send your bitcoin (investment on any amount) on that person then he's going to play using the money collected. After 7 days, your investment will be doubled and the money will be sent back to you after deducting the trans fee. There is a chance of losing but if your money loses, you'll. Be given a 10% refund.

Someone already tried this? Safe or not??

All types of gambling is not safe. I suggest, if you really want to try gambling investment, try to come with your friend beforehand and study how their gambling works, what type of gambling will occur. See if you think that it's an easy money for your supposed friend, if it is and if he really is your friend that you can trust with all your heart then go for it. But if not, you better prepare yourself, congratulations you got yourself a fake friend.

munareal

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Gambling is not safe . It is very easy to loss you coins because you loss more than you win .It is 100 % better to invest and please note that money doubling is a scam

BitNotByte

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Quote from: onnz423 on January 25, 2018, 10:14:22 AM

These are known as ponzi scams, do NOT participate in HYIP and doubler "opportunities", often they will pay out if you get in and out early enough, but after some time they become unsustainable and then will exit with a large amount, actualizing the scam.

will take note of this, very much appreciated. thank you! I gotta be careful on where to invest. lol

BitNotByte

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Quote from: avikz on January 24, 2018, 04:11:03 AM

Quote from: BitNotByte on January 24, 2018, 02:40:43 AM

So here I have a friend who's inviting me here on the said gambling investment. It's just simple, you'll send your bitcoin (investment on any amount) on that person then he's going to play using the money collected. After 7 days, your investment will be doubled and the money will be sent back to you after deducting the trans fee. There is a chance of losing but if your money loses, you'll. Be given a 10% refund.

Someone already tried this? Safe or not??

I think you are talking about ponzis here. Ponzis are usually run by a person who collects the money and tries to invest in some places, if he gets a good return, he will share the profit with the investors and if he doesn't, he will simply run away. Unless you know that person personally, don't expect to receive even 10% refund. This is the riskiest investment for any market, be it crypto or fiat. So if anyone is trying to pull funds in the name of gambling investment, you should report that in "Scam Accusations" sub-forum so that a proper action can be taken against such people. Please note, that bitcointalk doesn't support such kind of activities here.

thank you for the info, recently I asked them a few questions on how would the gambling go, or should i say "how will our money will get doubled?" he keeps on telling me that its just gambling and it is as simple as playing using his luck. Now I'm more enlightened on what maybe the possible outcome of this such business after a few months or maybe just weeks? btw Im here just to ask for opinions about this investment. nothing to complain about

byteminr

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Crypto currency is a very interesting topic and I believe that this is the future, but because of the HYIP, which is now around, there are a lot of scammers and "experts" in this area, whose purpose is to get your money. It is not necessary to give money to such people, it is better to start studying crypto-currencies

al8015737

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Gambling is never an investment for me..

micheal wang

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Quote from: BitNotByte on January 24, 2018, 02:40:43 AM

So here I have a friend who's inviting me here on the said gambling investment. It's just simple, you'll send your bitcoin (investment on any amount) on that person then he's going to play using the money collected. After 7 days, your investment will be doubled and the money will be sent back to you after deducting the trans fee. There is a chance of losing but if your money loses, you'll. Be given a 10% refund.

Someone already tried this? Safe or not??

For me is a scam too, if you want to gamble, do with yourself don't be intermediary of someone else. That is your money or your bitcoin, you should have a way to get profitt. Espesially in the world of cryptocurrency it will be very safe if all the ways to gain profit are done by yourself, certainly to avoid like a scam, ponzi and the other.

greenclub09

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i think that definition depends on how you earn money and use it, as an example, if you earn bitcoin from gambling but keep using that reward for playing bigger gambling but based on a lucky game, then it is not investing. Investing is using your money to earn more money from what we have then keep using the profit we have to do the bigger investments with thoughts, evaluating, timing and making decision to invest in bitcoin.

lusa

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hodl

Quote from: BitNotByte on January 24, 2018, 02:40:43 AM

So here I have a friend who's inviting me here on the said gambling investment. It's just simple, you'll send your bitcoin (investment on any amount) on that person then he's going to play using the money collected. After 7 days, your investment will be doubled and the money will be sent back to you after deducting the trans fee. There is a chance of losing but if your money loses, you'll. Be given a 10% refund.

Someone already tried this? Safe or not??

I like the idea. So let's assume, 100 people each of them send me 1 BTC. To hide my scam attempt, I will give 10 people their share like they win. I will tell remaining people I failed so I will refund 0.1 BTC to each of them.

100-(10x2+90x0.1)=71 BTC . I would be a rich scammer.

I can't believe how people can send someone any money so he can play gamble.

YouKnowMe

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Its a huge risk. Youre not directly involved in controlling your money. Its just like shootng an apple while riding a saddle while being blindfolded.
Investing itself is risky, evenso letting other people manage your investments without further knowledge on how they will manage your funds is on a whole new level of risk.

hitamku

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if you want to invest in gambling should be clear thinking is sometimes beneficial but better investing jeclas its prospec who have the future.

ilovestroberi

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Quote from: BitNotByte on January 24, 2018, 02:40:43 AM

So here I have a friend who's inviting me here on the said gambling investment. It's just simple, you'll send your bitcoin (investment on any amount) on that person then he's going to play using the money collected. After 7 days, your investment will be doubled and the money will be sent back to you after deducting the trans fee. There is a chance of losing but if your money loses, you'll. Be given a 10% refund.

Someone already tried this? Safe or not??

First you need to know if your friend's gambling investment is legit because there is still a chance that it is a scam. You did not even know the details of the gambling investment. But if you trust your friend and you want to take risk then your invested bitcoin can be doubled. There is still many ways to invest your bitcoin that is not risky and can earn more bitcoin. It is your choice.

Topic: Bitcoin gambling as investment? (Read 648 times)