GAMBLING SITE INVESTMENT - page 2. | Bitcointalksearch.org

maydna

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Quote from: Peanutswar on December 06, 2020, 04:59:13 AM

Actually, this is the first time I saw investment into a gambling platform for me its looks like trading but also is there any kind of chance how the process will go for it? because right now I'm very curious how it works, I hope OP will help me and other members too or someone help me where do I go start?.

Quote from: maydna on December 06, 2020, 03:00:05 AM

~snip~

When I try to check the history or the weekly report its looks like trading too, I have some knowledge in trading but not too much so why not I can apply here, I will watch the thread if someone could help me.

Gambling investment is not the same as trading. I tried to invest in Yolodice, but I don't expect much about making money on the gambling investment. I let it run like that, and if the profit comes, I will close it and wait for a while to place the other investment.

I suggest you continue trading and don't try with gambling investment because you will see the profit and the loss will always change from time to time. If you are no problem with that, you can place an investment, but don't use too big money. I start with no more than 0.002btc because that is the money that I am willing to lose in gambling investment.

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Quote from: Peanutswar on December 06, 2020, 04:59:13 AM

Actually, this is the first time I saw investment into a gambling platform for me its looks like trading but also is there any kind of chance how the process will go for it? because right now I'm very curious how it works, I hope OP will help me and other members too or someone help me where do I go start?.

Basically, your funds can take part in the site's bankroll wherein you will have a stake for possible profits in return. The return will be based on how much money you put in (percentage) and the status of the player's activity on the site (player's winning or losing).

For a brief explanation, you can refer here: (sites where OP made an investment)

Bustadice
https://bustadice.com/faq#investing
Yolodice
https://yolodice.com/#invest

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Quote from: Peanutswar on December 06, 2020, 04:59:13 AM

When I try to check the history or the weekly report its looks like trading too, I have some knowledge in trading but not too much so why not I can apply here, I will watch the thread if someone could help me.

No this has nothing to do with trading. This is about investing in gambling site's bankroll. It's a whole different concept.
Investing is a form of passive income, you don't have to do anything afther the initial investment of the funds.

I don't know what else you don't understand, what kind of help you need?

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Actually, this is the first time I saw investment into a gambling platform for me its looks like trading but also is there any kind of chance how the process will go for it? because right now I'm very curious how it works, I hope OP will help me and other members too or someone help me where do I go start?.

Quote from: maydna on December 06, 2020, 03:00:05 AM

Quote from: iamsheikhadil on December 05, 2020, 09:28:00 PM

But in gambling investment, there's a guaranteed profit in the long run

I am not sure that he can profit in the long run unless he knows when he should close the investment. Otherwise, he will see that his profit will go up and down based on casino situations. It is like trading, but it will be riskier because you lose your money when you lose in the gambling investment. But if you trade, even if you lose, as long as you can hold the potential coins, the price will be back to the high price, and if you can sell at that high price, you will make a bigger profit.

When I try to check the history or the weekly report its looks like trading too, I have some knowledge in trading but not too much so why not I can apply here, I will watch the thread if someone could help me.

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There are also several ways in which you can invest in a casino. You can choose to play against the casino, but you can also start one yourself. That can be done in different ways. Both cases always involve a certain risk.

maydna

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Quote from: iamsheikhadil on December 05, 2020, 09:28:00 PM

But in gambling investment, there's a guaranteed profit in the long run

I am not sure that he can profit in the long run unless he knows when he should close the investment. Otherwise, he will see that his profit will go up and down based on casino situations. It is like trading, but it will be riskier because you lose your money when you lose in the gambling investment. But if you trade, even if you lose, as long as you can hold the potential coins, the price will be back to the high price, and if you can sell at that high price, you will make a bigger profit.

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Quote from: iamsheikhadil on December 05, 2020, 09:28:00 PM

Quote from: covfefe_ on December 05, 2020, 11:04:25 AM

Quote from: ?? on ??

Gambling site investment is best. If a person invest in casino, in long time, the person will get profit. But patience is needed. Sometimes it will loss, sometime win, but if person is not afraid of losses, and keep in casino, they will sure get profit.

You'd be profitable on gambling investment on long run as house never lose. But with so much options available with crypto, simply selling high and buying low would bring you much more profit than keeping your coin on gambling investment. Yes you can withdraw them when you want to sell but you won't have the flexibility of buying and selling multiple times at your will. And to discourage quick withdrawal, almost all of gambling investment takes a dilution fee.

Well, I think although there is greater profit to make in buying low selling high which is trading, there's also risk involved with it. Let's say Bitcoin is at $14k right now, or ripple is at around 0.7$ which is almost double of what it was a month ago, if someone buys now, possibility is in near future he will make loss if crypto reverses back. But in gambling investment, there's a guaranteed profit in the long run

But would that determine your success in investing in a casino? I think we forget the profitability on investing and we focus much on the price volatility of bitcoin and other assets, if that is the case, you need to know the right timing of investing, you don't just invest anytime.

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Quote from: covfefe_ on December 05, 2020, 11:04:25 AM

Quote from: ?? on ??

Gambling site investment is best. If a person invest in casino, in long time, the person will get profit. But patience is needed. Sometimes it will loss, sometime win, but if person is not afraid of losses, and keep in casino, they will sure get profit.

You'd be profitable on gambling investment on long run as house never lose. But with so much options available with crypto, simply selling high and buying low would bring you much more profit than keeping your coin on gambling investment. Yes you can withdraw them when you want to sell but you won't have the flexibility of buying and selling multiple times at your will. And to discourage quick withdrawal, almost all of gambling investment takes a dilution fee.

Well, I think although there is greater profit to make in buying low selling high which is trading, there's also risk involved with it. Let's say Bitcoin is at $14k right now, or ripple is at around 0.7$ which is almost double of what it was a month ago, if someone buys now, possibility is in near future he will make loss if crypto reverses back. But in gambling investment, there's a guaranteed profit in the long run

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Quote from: tabas on December 05, 2020, 05:54:46 PM

Quote from: ?? on ??

Gambling site investment is best. If a person invest in casino, in long time, the person will get profit. But patience is needed. Sometimes it will loss, sometime win, but if person is not afraid of losses, and keep in casino, they will sure get profit.

These words mean a lot and this is the process of investing in a casino. There are people that are still confused as to how to invest in a casino.
They thought that it's through gambling but no, it's not like that. Patience is right and it's needed because just like the market, casinos sometimes have lucky players and it's reducing the bankroll but most of the time, they profit.

It's normal to see some players winning, or having a very lucky day, but it will not make a casino bankrupt because they can limit the bet they can accept from bettors, with the number of bettors, they just need to win on the majority and they will still be in profit.

Casinos operate with system and that system makes them profitable, so investing is not really that risky because they are likely to make profit and you will be profitable as well. it's a no brainer, but patience is of course needed, agree to that.

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Quote from: ?? on ??

Gambling site investment is best. If a person invest in casino, in long time, the person will get profit. But patience is needed. Sometimes it will loss, sometime win, but if person is not afraid of losses, and keep in casino, they will sure get profit.

These words mean a lot and this is the process of investing in a casino. There are people that are still confused as to how to invest in a casino.
They thought that it's through gambling but no, it's not like that. Patience is right and it's needed because just like the market, casinos sometimes have lucky players and it's reducing the bankroll but most of the time, they profit.

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Quote from: covfefe_ on December 05, 2020, 11:04:25 AM

Quote from: ?? on ??

Gambling site investment is best. If a person invest in casino, in long time, the person will get profit. But patience is needed. Sometimes it will loss, sometime win, but if person is not afraid of losses, and keep in casino, they will sure get profit.

You'd be profitable on gambling investment on long run as house never lose. But with so much options available with crypto, simply selling high and buying low would bring you much more profit than keeping your coin on gambling investment. Yes you can withdraw them when you want to sell but you won't have the flexibility of buying and selling multiple times at your will. And to discourage quick withdrawal, almost all of gambling investment takes a dilution fee.

Not all would really be having that kind of trader mind and they do think off about passive incomes without doing anything as long they would really earn some amounts then that
what matter most.Its up to someone on whats his reason is neither its a personal one or just because someone did really invite or convince him to do so.
Buy low and sell high does indeed work but these people do really like up some challenged or in the vibe that theyre investing something on a platform type of feeling
or trying to make out those investments which is totally different into that casual HODL thing.When it comes to profitability then theres no doubt that
house do always win but doesnt men that you would see greens from time to time specially if a player do won big time then that will surely affect out profitability.

covfefe_

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Quote from: ?? on ??

Gambling site investment is best. If a person invest in casino, in long time, the person will get profit. But patience is needed. Sometimes it will loss, sometime win, but if person is not afraid of losses, and keep in casino, they will sure get profit.

You'd be profitable on gambling investment on long run as house never lose. But with so much options available with crypto, simply selling high and buying low would bring you much more profit than keeping your coin on gambling investment. Yes you can withdraw them when you want to sell but you won't have the flexibility of buying and selling multiple times at your will. And to discourage quick withdrawal, almost all of gambling investment takes a dilution fee.

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Quote from: ethereumhunter on December 04, 2020, 04:20:12 AM

Quote from: Botnake on December 03, 2020, 06:36:59 AM

Curiosity is normal for us, but this thread has become a guide for us on what to expect when we invest money in a gambling site, and as you see it, you need to play with the price volatility too, so it's another risk you'll consider aside from the site getting shut down or will go scam their investors and gamblers.

The price volatility will be the biggest risk in the investment. Many people can not handle the right, and they become sad when they know that their money value is up and down every day. If you can accept the risk, you will not see the volatility because the volatility will be your friend in the investment. But if you can use the volatility in the investment, you can still make your profit. But we need to manage our curiosity before we run out our money in the gambling investment.

about price volatility if you're just focused in crypto currencies (1 btc = 1 btc) you don't care about FIAT value, since you're trying to earn more crypto. I will be scared to use a stable coins since they have a long T&C to be read .... Roll Eyes

Generally speaking I am more comfortable to store bitcoin and not classic FIAT, since have we have seen there is generally a good value gaining after several months/years.

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This point should be stick on the top since it helps a lot for amateurs and speculators who need to join the betting scene. Not every person realizes how to put resources into betting and an approach to play it, I additionally stall out at times however after survey the topic it urges me to get familiar with betting. I will surely copy the link and share with my friends

ethereumhunter

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Quote from: Botnake on December 03, 2020, 06:36:59 AM

Curiosity is normal for us, but this thread has become a guide for us on what to expect when we invest money in a gambling site, and as you see it, you need to play with the price volatility too, so it's another risk you'll consider aside from the site getting shut down or will go scam their investors and gamblers.

The price volatility will be the biggest risk in the investment. Many people can not handle the right, and they become sad when they know that their money value is up and down every day. If you can accept the risk, you will not see the volatility because the volatility will be your friend in the investment. But if you can use the volatility in the investment, you can still make your profit. But we need to manage our curiosity before we run out our money in the gambling investment.

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Quote from: FinneysTrueVision on December 03, 2020, 06:31:27 PM

Quote from: South Park on December 03, 2020, 01:02:48 PM

I think that most likely you and I have the same problem with this kind of investments, the problem is that the profit is low and the risk is very high when most of the time you want the opposite, you want a high profit with a very low risk, so while many people only look at the steady profits that they could get by investing in those kind of websites we will look at the risk of having a monumental loss and we simply think that it is not worth it and that there are many other opportunities that offer better profits for the same risk.

If you invest in a website that has multiple coins you can mitigate those risks by diversifying your investment. This is what happened to me with YOLOdice. While Dogecoin has performed the worst of any coin the last two months, I've made up for those losses from my Litecoin investment which has done really well recently. I am still worried about the risks so I'm steadily converting everything to BTC and withdrawing to my own wallet once I have enough BTC that I won't lose a big percentage to withdrawal fees.

That part you are also playing with the volatility, knowledge in investing in a casino is not enough, you also need to study the price volatility and follow the coin you use for investing which is honestly harder than just investing in a casino alone. I believe a stable coin for investment would solve that problem, so hopefully these casinos will offer that for investment.

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Quote from: South Park on December 03, 2020, 01:02:48 PM

I think that most likely you and I have the same problem with this kind of investments, the problem is that the profit is low and the risk is very high when most of the time you want the opposite, you want a high profit with a very low risk, so while many people only look at the steady profits that they could get by investing in those kind of websites we will look at the risk of having a monumental loss and we simply think that it is not worth it and that there are many other opportunities that offer better profits for the same risk.

If you invest in a website that has multiple coins you can mitigate those risks by diversifying your investment. This is what happened to me with YOLOdice. While Dogecoin has performed the worst of any coin the last two months, I've made up for those losses from my Litecoin investment which has done really well recently. I am still worried about the risks so I'm steadily converting everything to BTC and withdrawing to my own wallet once I have enough BTC that I won't lose a big percentage to withdrawal fees.

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Quote from: Karartma1 on December 02, 2020, 02:48:40 AM

Quote from: peter0425 on December 01, 2020, 09:45:38 AM

Quote from: Karartma1 on December 01, 2020, 03:34:30 AM

There are too many factors that contribute to making these kinds of investments too risky for me. I already mentioned the fact that the site owners can go rogue and disappear (it happened so many times, and don't believe that a longer presence means security), there can be a theft from the outside, some glitch in the games that allow people to win big (and destroy your investment).
These are the main ones and they are too many.

I get your point specially if there are Many investors that supports the process then for sure this will cost tons of amount and can make the owner blinded and instead of running the site He may decide to Run and take the money instead.

but of course Lets give the benefit of the doubt since this is experimental and obviously OP just wanted to Show everyone whats Inside the investment process,So readers need to decide depend on what they see and what they learn.

For some, even a small profit can be worth taking risks. I am focusing more on the unnecessary risks (I've already expressed earlier on) that one takes when investing in these entities than on the potential profit.
I will never be tired of warning users (especially newbies) about the potential risks they are assuming for some small profit. Easy as that.
In the end, it's about the message and I hope mine is clear enough.

I think that most likely you and I have the same problem with this kind of investments, the problem is that the profit is low and the risk is very high when most of the time you want the opposite, you want a high profit with a very low risk, so while many people only look at the steady profits that they could get by investing in those kind of websites we will look at the risk of having a monumental loss and we simply think that it is not worth it and that there are many other opportunities that offer better profits for the same risk.

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Quote from: ethereumhunter on December 03, 2020, 05:43:29 AM

Quote from: Rodeo02 on December 03, 2020, 04:36:24 AM

Quote from: Karartma1 on December 03, 2020, 04:13:41 AM

Warning them is enough: I would never force anyone to do what others say. Newbies might get easily fooled into believing get rich quick schemes, doublings, HYIPs and similar things nonetheless we should warn them. After that, everyone is free to do whatever he likes.
If our warning might save even only one guy from losing his money, well, that was worth it.

That's right, you can't stop them from doing what they want to do. no matter how many times you warn them if they really want to gamble and invest you can do nothing and let them do what they want and they will also understand that voluntarily in the right time when the investment turn to be scam.

If they still want to try, maybe we can let them do that, so they know if that can work or not. Maybe if they know that the gambling investment will also have a risk, they will not try big money. They will search for other ways or methods to make money. But that will not happen with people who still curious about gambling investment, and they will try to invest more money.

Curiosity is normal for us, but this thread has become a guide for us on what to expect when we invest money in a gambling site, and as you see it, you need to play with the price volatility too, so it's another risk you'll consider aside from the site getting shut down or will go scam their investors and gamblers.

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Quote from: Rodeo02 on December 03, 2020, 04:36:24 AM

Quote from: Karartma1 on December 03, 2020, 04:13:41 AM

Warning them is enough: I would never force anyone to do what others say. Newbies might get easily fooled into believing get rich quick schemes, doublings, HYIPs and similar things nonetheless we should warn them. After that, everyone is free to do whatever he likes.
If our warning might save even only one guy from losing his money, well, that was worth it.

That's right, you can't stop them from doing what they want to do. no matter how many times you warn them if they really want to gamble and invest you can do nothing and let them do what they want and they will also understand that voluntarily in the right time when the investment turn to be scam.

If they still want to try, maybe we can let them do that, so they know if that can work or not. Maybe if they know that the gambling investment will also have a risk, they will not try big money. They will search for other ways or methods to make money. But that will not happen with people who still curious about gambling investment, and they will try to invest more money.

Topic: GAMBLING SITE INVESTMENT - page 2. (Read 6987 times)