GAMBLING SITE INVESTMENT - page 13. | Bitcointalksearch.org

FatFork

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Quote from: freedomgo on July 28, 2020, 07:30:12 AM

Thanks for the suggestion but I think I would not gamble with the site, this site has a bad reputation in the forum, it has a flagged as we can see in here.

Yes, I am aware of their bad reputation and I do not encourage anyone to deposit their funds with them. Everyone needs to do their own research before making any investment decision and this includes gambling.
I just cited them as an example of a casino that allows crypto to fiat conversion.

yazher

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Quote from: iv4n on July 28, 2020, 12:19:51 AM

It's low profit, but its passive income, how much money do you expect to make with 0.05 btc investment? And don't compare passive income from this or any other way with trading, trading can eat your money if you don't know how to trade.
Is this a weekly payout? If it is, it's not bad, I will think about investing in their bankroll too.

If there was a legit cloud mining, this amount is enough for someone to receive a decent amount of money weekly but those days are now gone and sadly they all turn to scam. nowadays, the only offer you can see is from those investment methods double your money in a month which clearly a red light because its a scam after all. The only good thing about investing your money on trading is you are the one who control it and if you are lucky to choose the right coin to invest your money with, it could double your capital or more.

snipie

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Quote from: Maus0728 on July 28, 2020, 01:09:10 AM

Quote from: Yatsan on July 27, 2020, 11:17:21 PM

I hope there will be a lot of losers next month LOL, haha Grin

That's too morbid Cheesy

Plot twisted when you are rolling there too Tongue

Quote from: xxjumperxx on July 28, 2020, 01:56:54 AM

Its a passive income, yes it might be small right now but its passive. OP doesnt need to learn about trading or gamble his money an hope to win.
He just invests, waits and makes a small passive income on the side.

That's might be true in the long run (years) but in the first weeks or even months there is no guarantee that you will stay positive, you might lose even an important part of your funds.

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Quote from: FatFork on July 28, 2020, 07:22:59 AM

Quote from: freedomgo on July 28, 2020, 06:58:00 AM

I'm also interested with that, it's alright if the exchange rate is not based on the standard market as long as you can withdraw in fiat instantly, of course they need to make money on that as well, so it's understandable. If you remember soon, please share it here, that would be helpful.

These are so-called hybrid casinos. They usually give the option of depositing in cryptocurrencies, which are immediately converted into fiat amounts.
One that currently comes to mind (although I’m sure I’ve seen more of them) is BitStarz:
https://www.bitstarz.com/btc-to-eur-exchanger

Thanks for the suggestion but I think I would not gamble with the site, this site has a bad reputation in the forum, it has a flagged as we can see in here.

https://bitcointalk.org/index.php?action=trust;u=307265

and their scam accusation threads.

https://bitcointalksearch.org/topic/bitstarz-is-a-scam-do-not-deposit-a-dime-40000-stolen-5184266
https://bitcointalksearch.org/topic/bitstarz-casino-selective-scamming-for-high-payouts-5186509

FatFork

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Quote from: freedomgo on July 28, 2020, 06:58:00 AM

I'm also interested with that, it's alright if the exchange rate is not based on the standard market as long as you can withdraw in fiat instantly, of course they need to make money on that as well, so it's understandable. If you remember soon, please share it here, that would be helpful.

These are so-called hybrid casinos. They usually give the option of depositing in cryptocurrencies, which are immediately converted into fiat amounts.
One that currently comes to mind (although I’m sure I’ve seen more of them) is BitStarz:
https://www.bitstarz.com/btc-to-eur-exchanger

freedomgo

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Quote from: FatFork on July 28, 2020, 06:43:25 AM

Quote from: Ziskinberg on July 28, 2020, 05:33:48 AM

Quote from: ?? on ??

BTW, it strikes me, cashing out using online casino might be a good way to work around restrictions (if any) imposed by the country financial bodies on exchange operators.

I think what he meant was withdrawing crypto investment from a casino.. I like to know if there are casinos who gives you an option to withdraw your coins into fiat, because I've never seen one.

Yes, there are casinos that allow deposits in crypto and withdrawals in fiat. I can't remember exactly which one now but I can find it if you really want.
But, as far as I have seen, exchange rates are not very favorable. I’m not sure this is a good option for currency conversion.

I'm also interested with that, it's alright if the exchange rate is not based on the standard market as long as you can withdraw in fiat instantly, of course they need to make money on that as well, so it's understandable. If you remember soon, please share it here, that would be helpful.

FatFork

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Quote from: Ziskinberg on July 28, 2020, 05:33:48 AM

Quote from: ?? on ??

BTW, it strikes me, cashing out using online casino might be a good way to work around restrictions (if any) imposed by the country financial bodies on exchange operators.

I think what he meant was withdrawing crypto investment from a casino.. I like to know if there are casinos who gives you an option to withdraw your coins into fiat, because I've never seen one.

Yes, there are casinos that allow deposits in crypto and withdrawals in fiat. I can't remember exactly which one now but I can find it if you really want.
But, as far as I have seen, exchange rates are not very favorable. I’m not sure this is a good option for currency conversion.

Ziskinberg

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Quote from: ?? on ??

BTW, it strikes me, cashing out using online casino might be a good way to work around restrictions (if any) imposed by the country financial bodies on exchange operators.

I think what he meant was withdrawing crypto investment from a casino.. I like to know if there are casinos who gives you an option to withdraw your coins into fiat, because I've never seen one.

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BTC to the MOON in 2019

Quote from: xxjumperxx on July 28, 2020, 02:40:19 AM

Whoever thought it was easy money was wrong anyway...

Absolutely, 100% wrong.
Easy money is not the thing here in crypto, the risk is high so you can't say easy money.
Investing might be profitable but does it gave easy money, look at OP's output, he is in profit but 0.0006btc is not an easy money.

Quote from: xxjumperxx on July 28, 2020, 02:40:19 AM

Its still gambling but youre on the side of the house....
He is in profit and its "only" been 3 months, alot can change and its just been a rough patch.

Maybe the timing is just bad to stop, the thing is, investing in casinos should be profitable as casinos wins most of the time and you need patience to cash out with a good and satisfying profit and it should not be now.

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Quote from: freedomgo on July 28, 2020, 02:25:58 AM

Quote from: xxjumperxx on July 28, 2020, 01:56:54 AM

Its a passive income, yes it might be small right now but its passive. OP doesnt need to learn about trading or gamble his money an hope to win.
He just invests, waits and makes a small passive income on the side.

Not a very interesting investment if you'll ask me, the return was too small, and considering the risk that we entrust our money to the casino, I think that risk is high enough for you to think twice before continuing to consider investing as a passive income.

Before, we thought that investing in a casino would bring easy money as they win most of the time, but what OP has showed is the evidence and the reality.

Whoever thought it was easy money was wrong anyway...
Its still gambling but youre on the side of the house....
He is in profit and its "only" been 3 months, alot can change and its just been a rough patch.

freedomgo

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Quote from: xxjumperxx on July 28, 2020, 01:56:54 AM

Its a passive income, yes it might be small right now but its passive. OP doesnt need to learn about trading or gamble his money an hope to win.
He just invests, waits and makes a small passive income on the side.

Not a very interesting investment if you'll ask me, the return was too small, and considering the risk that we entrust our money to the casino, I think that risk is high enough for you to think twice before continuing to consider investing as a passive income.

Before, we thought that investing in a casino would bring easy money as they win most of the time, but what OP has showed is the evidence and the reality.

xxjumperxx

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Its a passive income, yes it might be small right now but its passive. OP doesnt need to learn about trading or gamble his money an hope to win.
He just invests, waits and makes a small passive income on the side.

freedomgo

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Quote from: ?? on ??

Quote from: andycarrol on July 27, 2020, 11:34:56 PM

if I were you then I would prefer to trade quickly or short-term or can also do gambling which in my opinion can get more profit than that given from Yolodice because with that much capital it is unfortunate if only used in investment in Yolodice with results very few.

This you can consider as investment done for the passive income. Also gambling would be little risky because you can either win or straight away lose completely and there is no chance to get back you money. Here you have chance to make the returns though the wait might be longer depending upon the winnings of the users.

It's a passive income as OP is still in profit, but if you are satisfied with the percent of ROI, then you can go with it.
With that low percentage of return, I think you need to invest a decent amount of money to ensure you have a decent profit also, with BTC0.05 investment and you'll only earn 0.0006 btc, I think that is not satisfying for most.

Maus0728

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Quote from: andycarrol on July 27, 2020, 11:34:56 PM

if I were you then I would prefer to trade quickly or short-term or can also do gambling which in my opinion can get more profit than that given from Yolodice because with that much capital it is unfortunate if only used in investment in Yolodice with results very few.

While gambling is totally true to the extent that you can have a huge amount of profit, you are still exposed to a higher risk of losing especially when you are playing along with your emotions. One of the most common reason why people chose to invest rather than to gamble their money is that they just want to earn money with the slightest risk of losing specifically in the long run.

If you can see that investor chart of BTC, as time goes by, the profit is maintaining an upward trend.

Quote from: Yatsan on July 27, 2020, 11:17:21 PM

I hope there will be a lot of losers next month LOL, haha Grin

That's too morbid Cheesy

iv4n

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Quote from: andycarrol on July 27, 2020, 11:34:56 PM

Quote from: Yatsan on July 27, 2020, 12:06:10 PM

Snip

if I were you then I would prefer to trade quickly or short-term or can also do gambling which in my opinion can get more profit than that given from Yolodice because with that much capital it is unfortunate if only used in investment in Yolodice with results very few.

It's low profit, but its passive income, how much money do you expect to make with 0.05 btc investment? And don't compare passive income from this or any other way with trading, trading can eat your money if you don't know how to trade.
Is this a weekly payout? If it is, it's not bad, I will think about investing in their bankroll too.

andycarrol

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Quote from: Yatsan on July 27, 2020, 12:06:10 PM

UPDATE NO: 13!!!

This is the update for Yolodice:

This is my total profit for:

BTC: 0.00060809
USD: 194.18
PHP: 9,113

Here's the spreadsheet:

I am very sorry for late update and I can't do the weekly updates anymore. But, I will try my best to update this thread on 2-4 times per month, again I am very sorry!

The BTC profit got dump very hard these past few weeks and even it hit 0.0003 profit in an instant. Right now It's pretty stable on 0.0006 profit, but It's a great dumped when you see our record.

The Fiat equivalent is still doing great because of the pumped this week. Grin

What are your thoughts on this update? Grin

if I were you then I would prefer to trade quickly or short-term or can also do gambling which in my opinion can get more profit than that given from Yolodice because with that much capital it is unfortunate if only used in investment in Yolodice with results very few.

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Quote from: bisdak40 on July 27, 2020, 05:36:34 PM

Quote from: Yatsan on July 27, 2020, 12:06:10 PM

What are your thoughts on this update? Grin

The real profit on this kind of investment is the BTC which doesn't look good at the moment but fortunately it's the BTC pump that makes your chart look good. This is really the risk of this kind of investment, high risk low reward.

Do you plan to continue this one bro?

I think it's more like low risk, low reward if you are going to see that profit in BTC, the pump and dumps are very little, It's more like BTC vc USD price in this scenario so, yes! I will still continue this Grin

Quote from: LogitechMouse on July 27, 2020, 08:05:43 PM

Quote from: Yatsan on July 27, 2020, 12:06:10 PM

What are your thoughts on this update? Grin

Luckily the BTCUSD price got pumped yesterday and today so the losses you have got erased because of the pump if you will base on USD value.

This past few days, the profitability of the gamblers in Yolodice went down very hard and I've seen my profit that I've been waited for around 2 months being wiped out in just a few days showing that anything can happen at any given time. This can happen to anybody too so still risk management is still the best tool.

With that, I'm thinking that your next update will have an additional decision too whether you will continue it or not Cheesy

.

I will observe next month's profit and will decide if I am going to continue or not since this month is a hell month for all of Yolodice investors haha. I hope there will be a lot of losers next month LOL, haha Grin

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Quote from: LogitechMouse on July 27, 2020, 08:05:43 PM

Quote from: Yatsan on July 27, 2020, 12:06:10 PM

What are your thoughts on this update? Grin

Luckily the BTCUSD price got pumped yesterday and today so the losses you have got erased because of the pump if you will base on USD value.

This past few days, the profitability of the gamblers in Yolodice went down very hard and I've seen my profit that I've been waited for around 2 months being wiped out in just a few days showing that anything can happen at any given time. This can happen to anybody too so still risk management is still the best tool.

With that, I'm thinking that your next update will have an additional decision too whether you will continue it or not Cheesy

.

Bitcoin was growing well on yesterday and today, But gamblers are just betting the perfect place and make a big profit or loss quickly. But gambling is always a risk factor environment so those are interested in any games they just invest for our happiness. Nowadays casino games are more convenient for me so it will make some good profit and I loss the huge money also so active members always survive in all the platform.

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Quote from: Timetwister on July 27, 2020, 08:28:46 PM

Quote from: Yatsan on July 27, 2020, 12:06:10 PM

UPDATE NO: 13!!!

This is the update for Yolodice:

This is my total profit for:

BTC: 0.00060809
USD: 194.18
PHP: 9,113

You should do this just in BTC (as that's what the investment is denominated in) and calculated annualized returns since you made the investment until the last update.

Good return on your investment. Anyway what is this return profit terms. monthly? weekly or daily basis? Whatever terms may it be you had made a good return besides it seems like you had a good profit knowing that you had started on 0.0007 btc until such it became 0.05 btc. In terms of profit you had just made a 75 times of it from the investment of 0.0007 btc. Anyway, what matter here is that you share. Who knows that others also will going to follow and it will make him gambling site more attractive to higher bets from high rewards or finances as back up for huge bet.

Timetwister

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Quote from: Yatsan on July 27, 2020, 12:06:10 PM

UPDATE NO: 13!!!

This is the update for Yolodice:

This is my total profit for:

BTC: 0.00060809
USD: 194.18
PHP: 9,113

You should do this just in BTC (as that's what the investment is denominated in) and calculated annualized returns since you made the investment until the last update.

Topic: GAMBLING SITE INVESTMENT - page 13. (Read 6950 times)