GAMBLING SITE INVESTMENT - page 18. | Bitcointalksearch.org

Yatsan

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Leading Crypto Sports Betting & Casino Platform

So here's my update for week12!!

This is the update for Yolodice:

This is my total profit for:

BTC: 0.00156137
USD: 150.54
PHP: 7,107

Here's the spreadsheet:

My BTC gains drops drastically from 0.0026 to 0.0015, I think someone wins a lot of money this week and the bankroll got dumped. Still waiting for the comeback LOL Grin

What are your thoughts this week? Grin

Tytanowy Janusz

legendary

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Top-tier crypto casino and sportsbook

Quote from: Lordhermes on July 03, 2020, 11:02:20 AM

Hey Buddy, I'm impressed and I see a picture of joy that your baits are being nibbled about this investment or something. I have been a gambler loosing damn money all days but never practices investment in gambling sites, how do you go about this mate? As you have been following up till week 5, I need to be among.

Not so good at this moment:

My doge investment is -0.5% after 1.5 month thanks to lucky whale that ate 7% of my profit in 1 day. But I expected that and invested only small portion of my portfolio. This is extremely high risk high return strategy since doge is very volatile and strange coin. It can be -90% or 10x in 1 year. x2 from bankroll investment and x5 from price change:

Doge is on 5 year support with cycle pomps x3 - x6

Lordhermes

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Quote from: Tytanowy Janusz on July 03, 2020, 05:10:41 AM

Investment should be considered in compare to other investment types not like it is the one and only option. LogitechMouse asked question and I answered because i'm active in this thread since week 5 when i've started my investment too.

Hey Buddy, I'm impressed and I see a picture of joy that your baits are being nibbled about this investment or something. I have been a gambler loosing damn money all days but never practices investment in gambling sites, how do you go about this mate? As you have been following up till week 5, I need to be among.

Globb0

legendary

Activity: 2702

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Free spirit

We are talking about BTC not money in a bank.

You cant put a BTC in the bank and it remains a BTC for the BTC price rises.

For me fiat is not looking that strong as a long term investment. They are throwing bundles of it in the toilet

Tytanowy Janusz

legendary

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Top-tier crypto casino and sportsbook

Quote from: examplens on July 03, 2020, 04:51:56 AM

I am not sure are you understand what we are talking about in this case. It is about crypto-games casino, not Yolodice.

You said that crypto-games does not need investors because it earned enough which is not always the case (you may need investors even if you have enough money by yourself). To proof that i bring here 4 year old yolodice which earned 390 BTC and despite that still allowing investment having 200 BTC from investors (why if they already earned double the amount investors have? Because it is always good to outsource 100% risk in return of 50% profit no matter how much money you have).

Quote from: examplens on July 03, 2020, 04:51:56 AM

spreading the story of investment in fiat or whatever.

Investment should be considered in compare to other investment types not like it is the one and only option. LogitechMouse asked question and I answered because i'm active in this thread since week 5 when i've started my investment too. Even get some merits from OP here. According to you its signature spamming. Report it to moderators than or PM me instead of spamming with your opinion about how off topic my post was.

examplens

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Quote from: Tytanowy Janusz on July 03, 2020, 01:05:02 AM

Quote from: examplens on July 02, 2020, 08:24:30 AM

you have old information. CryptoGames no more investment option. they have obviously earned enough of their money that they no longer need investor money for bankroll. I can't find this article because his blog is offline. but I remember being forced to close my investment there (I think in February).

Yolodice is on since 2016. They for sure earned enough to be self-sufficient especially with 30% annual ROI on BTC investment for investors (which is only 50% of casino profit).

For small casino having investors is crucial. For big casinos it is very interesting option. Just think of it. You can earn $ 5M annually while risking $10M locked in LTC/ETH/DOGE/BTC investment (which can dump significant anytime) or earn $5M without any risk. All risk is taken by investors. I must say that i would allow investing even having 10x what's in bankroll and being able to be self-sufficient.

I am not sure are you understand what we are talking about in this case. It is about crypto-games casino, not Yolodice.

OP ( @Yatsan ) started this thread about "GAMBLING SITE INVESTMENT" discussion. it would be good to post counters don't use this thread for signature fulfilment by spreading the story of investment in fiat or whatever.
Just follow the subject and stay on topic.

Tytanowy Janusz

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Top-tier crypto casino and sportsbook

Quote from: LogitechMouse on July 03, 2020, 04:26:49 AM

Quote from: Globb0 on July 03, 2020, 03:20:55 AM

For me fiat is not looking that strong as a long term investment. They are throwing bundles of it in the toilet

Newbie question Cheesy

. I'm only invested in stocks and crypto as of this moment. Can you invest fiat for the long term?? If yes how

. By holding it something like that?
I'm not that interested on it but I'm quite curious about it though.

You can invest your USD into Japanese yen or EURO or any other currency and hold it in your Multi-currency bank accounts (might be useful if you live in Venezuela and invest your Bolivar into USD f.e). The majority of FOREX trading is FIAT/FIAT trading so you can do it even with leverage. But it is only
choosing the slowest sinking swimmer attached to the same anchor called inflation.

Kasabus

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DGbet.fun - Crypto Sportsbook

Quote from: LogitechMouse on July 03, 2020, 04:26:49 AM

Quote from: Globb0 on July 03, 2020, 03:20:55 AM

For me fiat is not looking that strong as a long term investment. They are throwing bundles of it in the toilet

Newbie question Cheesy

. I'm only invested in stocks and crypto as of this moment. Can you invest fiat for the long term?? If yes how

. By holding it something like that?
I'm not that interested on it but I'm quite curious about it though.

The only way you'll the value of your money is if it hits by an inflation, if the countries economy is doing better then you can invest on fiat, but if not, better think of investing in other assets as we don't want to experience what Zimbabwe and Venezuela are are experience due to hyper inflation.

LogitechMouse

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Quote from: Globb0 on July 03, 2020, 03:20:55 AM

For me fiat is not looking that strong as a long term investment. They are throwing bundles of it in the toilet

Newbie question Cheesy

. I'm only invested in stocks and crypto as of this moment. Can you invest fiat for the long term?? If yes how

. By holding it something like that?
I'm not that interested on it but I'm quite curious about it though.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Top-tier crypto casino and sportsbook

Quote from: examplens on July 02, 2020, 08:24:30 AM

you have old information. CryptoGames no more investment option. they have obviously earned enough of their money that they no longer need investor money for bankroll. I can't find this article because his blog is offline. but I remember being forced to close my investment there (I think in February).

Yolodice is on since 2016. They for sure earned enough to be self-sufficient especially with 30% annual ROI on BTC investment for investors (which is only 50% of casino profit).

For small casino having investors is crucial. For big casinos it is very interesting option. Just think of it. You can earn $ 5M annually while risking $10M locked in LTC/ETH/DOGE/BTC investment (which can dump significant anytime) or earn $5M without any risk. All risk is taken by investors. I must say that i would allow investing even having 10x what's in bankroll and being able to be self-sufficient.

maydna

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Quote from: Natalim on July 02, 2020, 04:45:57 PM

4% annual interest for a risky investment, for me, I think it's not worth it. It's more safer if you'll just deposit your money in a bank through time deposit, I think you'll get that annual interest or even more, depending on what bank you are investing.

I agree with you. Better to deposit in a bank that we can be sure to get the interest than to use it for a risky investment. By investing in the bank, we don't have to feel confused or heart attack because the bank will have a fixed calculation about the interest in some period, so people don't have to calculate or to guess how much money they will get.

But if he still wants to try with gambling site investment, let him continue to invest, and if he can continue to tell us what the progress is, we will know that gambling site investment will have potential or not. Perhaps, we need to prepare ourselves before we place the investment in the gambling site and don't use too much money to invest in the risky investment.

sunsilk

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Quote from: Reatim on July 02, 2020, 05:18:03 AM

There are other gambling site that offers this kind of profiteering like CryptoGames.net.

Before they do support investments of their players and visitors but now, they don't.

Quote from: examplens on July 02, 2020, 08:24:30 AM

you have old information. CryptoGames no more investment option. they have obviously earned enough of their money that they no longer need investor money for bankroll. I can't find this article because his blog is offline. but I remember being forced to close my investment there (I think in February).

This is true, I have read of that update too but can't find the source anymore. Thus, there's no more investment option on their site.

They have also migrated to their new domain and it's no longer cryptogames.net.

It is now

Code:

crypto.games

Natalim

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BTC to the MOON in 2019

Quote from: Reatim on July 02, 2020, 05:18:03 AM

Quote from: jademaxsuy on July 01, 2020, 10:22:14 PM

Quote from: DarkDays on July 01, 2020, 03:27:26 PM

Why don't you invest some coins in freebitco.in ? They are paying 4% annual interest for any amount bigger than 30k sats.

I believe that would bring some more juice to your experiment.

4% is not really that good earning annually and it could only get hit by the inflation rate. Money value goes down over a period of time and that is how I observe since I was a kid. More or less inflation rate goes 6-7% annually or depending on the economy of a certain country.

In terms of investment since investment is so risky then I suggest to invest in BTC and hold it for a period of time. But if you are fan of gambling game then better be part of the platform and not just an investor. One should also be knowledgeable when it comes to this kind of platform.

4% annual interest is assurance that you will be having some income annually even you are not doing anything.
This 4% will be added to your monthly income to make the investment more assured.

There are other gambling site that offers this kind of profiteering like CryptoGames.net.

But i never come to realized investing in gambling sites,though other from Yatsan there is also one legendary that follows this thread and create His Own.

4% annual interest for a risky investment, for me, I think it's not worth it. It's more safer if you'll just deposit your money in a bank through time deposit, I think you'll get that annual interest or even more, depending on what bank you are investing.

examplens

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Crypto Swap Exchange

Quote from: Reatim on July 02, 2020, 05:18:03 AM

There are other gambling site that offers this kind of profiteering like CryptoGames.net.

you have old information. CryptoGames no more investment option. they have obviously earned enough of their money that they no longer need investor money for bankroll. I can't find this article because his blog is offline. but I remember being forced to close my investment there (I think in February).

SamboNZ

sr. member

Activity: 1064

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try other platforms because these old platforms are being left behind.
check out wink.org you get 24 hr dividends but you need to buy and freeze the token, you only lose when the token price decreases.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: jademaxsuy on July 01, 2020, 10:22:14 PM

Quote from: DarkDays on July 01, 2020, 03:27:26 PM

Why don't you invest some coins in freebitco.in ? They are paying 4% annual interest for any amount bigger than 30k sats.

I believe that would bring some more juice to your experiment.

4% is not really that good earning annually and it could only get hit by the inflation rate. Money value goes down over a period of time and that is how I observe since I was a kid. More or less inflation rate goes 6-7% annually or depending on the economy of a certain country.

In terms of investment since investment is so risky then I suggest to invest in BTC and hold it for a period of time. But if you are fan of gambling game then better be part of the platform and not just an investor. One should also be knowledgeable when it comes to this kind of platform.

4% annual interest is assurance that you will be having some income annually even you are not doing anything.
This 4% will be added to your monthly income to make the investment more assured.

There are other gambling site that offers this kind of profiteering like CryptoGames.net.

But i never come to realized investing in gambling sites,though other from Yatsan there is also one legendary that follows this thread and create His Own.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Top-tier crypto casino and sportsbook

Quote from: jademaxsuy on July 01, 2020, 10:22:14 PM

4% is not really that good earning annually and it could only get hit by the inflation rate. Money value goes down over a period of time and that is how I observe since I was a kid. More or less inflation rate goes 6-7% annually or depending on the economy of a certain country.

According to price inflation (that you name as "inflation") bitcoin if deflationary. According to monetary inflation bitcoins inflation is <4% after halving.

It is better to hold BTC with 0% than with 4% annually only because 4% is lower than $ price inflation? It does not makes sense.

Now according to Freebitco,io 4% annually. It's not enough for me to forget about "not your keys not your coins" rule.

mindrust

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Merit: 2442

Quote from: jademaxsuy on July 01, 2020, 10:22:14 PM

4% is not really that good earning annually and it could only get hit by the inflation rate. Money value goes down over a period of time and that is how I observe since I was a kid. More or less inflation rate goes 6-7% annually or depending on the economy of a certain country.

In terms of investment since investment is so risky then I suggest to invest in BTC and hold it for a period of time. But if you are fan of gambling game then better be part of the platform and not just an investor. One should also be knowledgeable when it comes to this kind of platform.

I see OP made %5 in 9 weeks which is a great number. If the same performance continues that is %30 yearly and this is huge. I can't argue against that.

I don't agree with your inflation math though.

That %4 you get from freebitco.in is for your bitcoins. Not for your dollars. (Same for what you get from yolodice) Think about what that means for a while.

The rates at freebit is lower because the returns are guaranteed unlike what you get from the other casino investments. (Those can be negative too) I think it would be a nice to put some coins there too.

jademaxsuy

full member

Activity: 924

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Quote from: DarkDays on July 01, 2020, 03:27:26 PM

Why don't you invest some coins in freebitco.in ? They are paying 4% annual interest for any amount bigger than 30k sats.

I believe that would bring some more juice to your experiment.

4% is not really that good earning annually and it could only get hit by the inflation rate. Money value goes down over a period of time and that is how I observe since I was a kid. More or less inflation rate goes 6-7% annually or depending on the economy of a certain country.

In terms of investment since investment is so risky then I suggest to invest in BTC and hold it for a period of time. But if you are fan of gambling game then better be part of the platform and not just an investor. One should also be knowledgeable when it comes to this kind of platform.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: DarkDays on July 01, 2020, 03:27:26 PM

Why would he invest 4% in Freebitco.in

Because;

Quote from: DarkDays on July 01, 2020, 03:27:26 PM

While 4% is a decent yield in most cases

Quote from: DarkDays on July 01, 2020, 03:27:26 PM

when platforms like Nexo, Bitrue, Blockfi etc pay 8-10% APR?

Might be because I never heard of these platforms before neither in this forum nor anywhere else (with that high returns, they might indeed be a ponzi scheme btw) and freebitco.in has a long and solid history (6+ years) in this forum with thousands of players?

Quote from: DarkDays on July 01, 2020, 03:27:26 PM

investing in a faceless company with no accountability is rarely a good idea in the long run.

I agree but How is bustadice or yolodice different than freebitco.in in this regard?

Freebitco.in has a face too btw:

wetsuit > the Owner
TheQuin > the Maintainer
freebitco.in PR > PR account

See their trust ratings. 0 negative from DT.

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