Topic: Bitcoin Gambling Investments - page 37. (Read 47248 times)

if we select recommended site and trusted site then we can feel safe but not all of us can choose the right one because the information that we get is from many places and sometimes that place can give wrong info and we are getting stuck with the sites. but i am agree with Kasabus said that its safe to make invest in a casino as long as that casino is reputable site.

I agree to some extent. Because lets be honest, anything to do with Bitcoins carries a risk, just like opening your front door to a stranger or cooking dinner. My point is that saying anything is risk free is technically not true, but you have to wager with everything in life if its worth it or not. Lets take your examples up:

1) Casinos shuting down and leaving with everybodies money.
This is a very real and obvious risk, that doesn't only happen with casinos but every situation where you deposit BTC, wether it being wallets, casinos, HYIP's and pretty much every loan/investment sites there are. That is why you always want to make sound choices when depositing you BTC anywhere. Is the casinos holding to small/big to be at risk of high rollers or hackers is just one of the things you should worry about and take in to consideration.

2) Whales/High rollers cleaning out casinos.
Again only relevant for small sites, which is has a general higher risk than larger casino sites.

3) Sites getting hacked.
A risk applicable to all sites again, even this. All though I'm not very sure of what to gain from hacking a forum. Here is again a risk that is generally higher for smaller sites, given that larger ones can pay for better security and/or has a team with greater experience and knows how to counter act most black hatters. This said, larger sites also means larger deposits of BTC which makes it more interesting for hackers, but it's a general paranoid mindset that keeps this risk alive.

I have one principle that allways comes in handy in this situation: Don't put money in other peoples hands, that you can't afford to loose. Peace out.

/AsdQ89

It is not always safe to invest in a casino.  That is a really dumb thing to say.  In fact it is not always safe to invest in anything.

If you even bothered to look back and read through this thread in full you would see that OP has had some poor returns on some of the casinos that he invested in.

There has also been cases in the past where popular casinos just stole everybodys money and shut up shop.

Then there have also been cases where whales have got lucky and destroyed the bankroll causing huge losses to investors.

Also there is a risk that the casino may get hacked.

To tell people that there is no risk is really irresponsible and very poor advice.

It's always safe to invest in a casino, house wins all the time. Just stick to it and you will be successful with your journey. Just like you, I appreciated what the OP does for experimenting and it has been proven in our very eyes that it's really profitable.

Ok I didn't see this thread before...

I asked a question about a specific casino investment and got a link for this thread.
I'd like to thank you for taking the time and effort to share all this data with us. That's really cool and will help me a lot for chosing!
Of course I know this data is relative and that I can't generalize your experience but still it's very cool to have actual facts to base on in order to make a choice!

Thanks again and congrats for your profit. It's much less than gambling and winning but I guess it's also far safer xD

Definitely looks amazing now - lucky the sites are still up though!

Satoshi Dice looks screwed these days.

I have been with crypto-games.net for almost more than 2 years and can assure you that they are legit and totally safe 
Not sure about others though, since i haven't played or invested on them.

Yes, price increase or not this this is, as I already said, one of the most well thought investments ever seen lately. If they could have continued with betking they could have reached much higher profits.

Even if it is not because of the price risen, you still make a decent amount from your capital from such short time. Most of the sites actually ended up profitting your investment pand the best part is that in longer run you will still be getting profit from it given that your investment didnt got diluted

Good idea - will try and tidy it up a bit 

Yeah we have over doubled our $3,000 investment now thanks mostly to the rise in Bitcoin!

It is still on the same level as KingDice though...

Bitvest is doing better thanks to the change in risk calculations but still takes way too high a share of the profits in my opinion (compared to SafeDice or Crypto-Games).

With bitcoin's value skyrocketing this investment is excellent.

Just a suggestion to make the weekly presentation better. Maybe put the percentage numbers by ones instead of by tens. If it looks dirty and unreadable then maybe at least make it at least 5% gaps.  

No one can answer that question correctly. Hindsight is a nice luxury.

It is not simple to answer and say what site is safer to invest, there are so many factors like number of players, house edge, your % share of casino profit, maximum win on games etc, wales luck etc..

With the last jump of bitcoin op gets 5000 dollars besides the 1 bitcoin as profit after 5 monhts with this investments, soo you made 0,20 btc into the casinos bankrolls, currently more then the possible signatures earnings, and well im shocked and happy to see something really working at crypto world.

I didn't feel like keeping my BTC on these sites and therefore I divested all of them. BTC is rallying hard and I need to be in control of my pvt keys.
Trust is essential with such investments: I was happy to exit with 7% profit. That's fine by me, but now is time to be on top of my coins.

you are playing fast and loose with the word safe!
based on what you have in mind as the definition of safe they can be safe or not.

these sites have mostly been around for a long time and have built up some trust that you can say with 90% certainty that they are not going to run away with money.

and if you are talking about making profit safe, then that is a whole different story and as you can see from those charts you quoted, this is not always happening. for instance as you can see from bitvest you can even lose some money.

Bitvest no longer has a low profit.
Its back over 58 btc profit.

There are no such thing as safe investment, those sites that he invested in are mostly old sites and are trusted perhaps only kingdice is abit new from all those sites listed however this statement doesnt mean that I condone any of their future act , you should always consider that investing is always comes with a risk