GAMBLING SITE INVESTMENT - page 21. | Bitcointalksearch.org

Maus0728

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Quote from: cryptoaddictchie on June 27, 2020, 11:28:29 PM

Hope anyone can share if there are other gambling sites that have investment option for gambler/investor.

Well, there are lots of gambling platform that offers these kind of investment and the returns will vary depending on the players and how the platform plans to earn on investing.

[1] [Overview of all bitcoin casinos] Latest update: 14-03-19 VISIT NEW
[2] List of Gambling Investments and Discussion.
[3] Bitcoin Gambling Investments

mersal

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Quote from: cryptoaddictchie on June 27, 2020, 11:28:29 PM

Quote from: Yatsan on June 21, 2020, 07:17:20 AM

~snip

This is a nice way to hold your asset, earning on holding some BTC on their platform. Ive just noticed this thread mate, but I can say yolodice is good to have option like this. Im wondering if this kind of features are all available on other gambling sites, or if there are other sites that have this must be good.

_{Profits from gambling can stored there and thats a good plan if you are earning good on your gambling activity}

Hope anyone can share if there are other gambling sites that have investment option for gambler/investor.

Most of the gambling sites have this feature

You can check bustadice as well here: https://bustadice.com/invest

But this is not giving returs like other crypto investments so make sure that you are going to invest the bitcoin which os not needed for you in long term.

cryptoaddictchie

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Fully Regulated Crypto Casino

Quote from: Yatsan on June 21, 2020, 07:17:20 AM

~snip

This is a nice way to hold your asset, earning on holding some BTC on their platform. Ive just noticed this thread mate, but I can say yolodice is good to have option like this. Im wondering if this kind of features are all available on other gambling sites, or if there are other sites that have this must be good.

_{Profits from gambling can stored there and thats a good plan if you are earning good on your gambling activity}

Hope anyone can share if there are other gambling sites that have investment option for gambler/investor.

mersal

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Quote from: Best Dreams on June 27, 2020, 04:48:29 PM

Quote from: pakhitheboss on June 21, 2020, 04:26:42 AM

After two months of investment, the amount that you have earned in Bitcoin is still good compared to earning nothing when kept in a wallet. I think if you keep it there for a year the BTC profit should look good.

Investing in bitcoin is always good as the price rise up many times. So investing with bitcoin in gambling is always good I know it is risky but its a chance to make your bitcoin double as well.so we should invest bitcoin in sites only real ones. I would suggest keeping all the bitcoins in hardware wallets for the year so the price will be triple as compared to the current price.

You can't double your bitcoins from investing your bitcoin in casino bankroll, hardly you will get 7% a year if the site is in extremely profitable situation.Holding the bitcoin in long term is profitable but multiplying them while holding is a smart option though but understand any kind of investment are risky.

Best Dreams

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Quote from: pakhitheboss on June 21, 2020, 04:26:42 AM

After two months of investment, the amount that you have earned in Bitcoin is still good compared to earning nothing when kept in a wallet. I think if you keep it there for a year the BTC profit should look good.

Investing in bitcoin is always good as the price rise up many times. So investing with bitcoin in gambling is always good I know it is risky but its a chance to make your bitcoin double as well.so we should invest bitcoin in sites only real ones. I would suggest keeping all the bitcoins in hardware wallets for the year so the price will be triple as compared to the current price.

Botnake

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Quote from: ethereumhunter on June 24, 2020, 03:12:08 AM

Sometimes, the lower the value of that altcoin is not available on the casino.

I believe the value is not the basis, it's more on the liquidity of a certain altcoin so gamblers can easily trade their altcoins.
When we are in a gambling site, we are treating the coins we are using as a gambling money, not an investment money, so factors like liquidity, transaction processing time, and transaction fees is what matters more.

Look at DOGE, it's value is very low but it has good volume so it's good for online gambling.

ethereumhunter

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Quote from: Fredomago on June 23, 2020, 10:13:24 AM

Quote from: ethereumhunter on June 23, 2020, 06:31:34 AM

But I will say that it is difficult to find that altcoin. Maybe litecoin and dogecoin is the right altcoin to invest, but as we know, we have so many potential altcoins which we can buy at any time, and use it in the gambling website for the investment. But yes, it is better to select the popular altcoin and available on the gambling site to invest in choosing the other altcoin. If we talk about XRP, I think that coin has another chance to increase and back to the last time the highest price, but we don't know when it will happen.

Will be depends from the point where you pick the alts, if you are good in assessing the market picking the right alts which is available to be invested inside the casino bankroll, the lower the value the higher the chance that it will returned much bigger.
There's always a good opportunities if you are really looking for good investment platform, casino bankroll gives you passive benefits if you are going into long term goals.

Sometimes, the lower the value of that altcoin is not available on the casino. But I do not try to invest altcoin in the gambling site because I see that still better to invest in bitcoin Grin

Maybe I will try to take a look at the altcoin side of the market, and I think the choice will be ethereum, litecoin, dogecoin, dash, or another altcoin, which is available on the casino. I admitted that finding the altcoin which can be used as the investment in the gambling site is not easy because not all gambling sites that have the investment will provide the investment for that altcoin.

Botnake

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Quote from: asu on June 23, 2020, 09:03:45 AM

Quote from: Botnake on June 23, 2020, 07:19:46 AM

For altcoins, they are not stable unlike bitcoin, so it's possible that OP would still earn that 5.69% but the value in usd or fiat would drop if that altcoins will drop its value compared to its value when you start your investment journey.

From what I understand. Are you saying while investing in gambling casinos bankroll in altcoin, profit would still vary from the movement of it's value in the market not from the gambling site? Correct me if I'm wrong.

Yes, using OP's model, it varies on both, the profit made from coin invested depending on the casinos's performance, and profit on fiat value depending on the crypto market performance. In OP's case, both market and casino are profitable thus far so it resulted to a bigger profit.

asu

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Quote from: Fredomago on June 23, 2020, 10:13:24 AM

Will be depends from the point where you pick the alts, if you are good in assessing the market picking the right alts which is available to be invested inside the casino bankroll, the lower the value the higher the chance that it will returned much bigger.
There's always a good opportunities if you are really looking for good investment platform, casino bankroll gives you passive benefits if you are going into long term goals.

That's the "when is the alt season" and disadvantage of investing in altcoin if gambling casino only support limited altcoins.

Now, I understand a little bit. I just doubt there are gambling casino allow too many altcoin for casino bankroll investment as the usual supported altcoins are just BTC, LTC and DOGE.

Fredomago

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Quote from: ethereumhunter on June 23, 2020, 06:31:34 AM

Quote from: adaseb on June 23, 2020, 12:33:34 AM

Investing with alts such as LTC and DOGE are a double edge sword. They can double or triple and BTC can double and you basically can make 6x off your original investment instead of 2x. This is actualy why people keep waiting for "alt season" because they know that at most BTC "might" touch $20K and that's it. Best case scenario in short term is to double your money. But with alts you can leverage and buy some mid-cap alt which can 5x or so and then BTC might go up by 25% and you got a nice healty profit.

Issue is when to buy these alts. Basically many like XRP are hitting new lows against the BTC and people are losing their BTC which is actually rising in value. Hence as always its a calculated risk for many.

But I will say that it is difficult to find that altcoin. Maybe litecoin and dogecoin is the right altcoin to invest, but as we know, we have so many potential altcoins which we can buy at any time, and use it in the gambling website for the investment. But yes, it is better to select the popular altcoin and available on the gambling site to invest in choosing the other altcoin. If we talk about XRP, I think that coin has another chance to increase and back to the last time the highest price, but we don't know when it will happen.

Will be depends from the point where you pick the alts, if you are good in assessing the market picking the right alts which is available to be invested inside the casino bankroll, the lower the value the higher the chance that it will returned much bigger.
There's always a good opportunities if you are really looking for good investment platform, casino bankroll gives you passive benefits if you are going into long term goals.

asu

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Quote from: Botnake on June 23, 2020, 07:19:46 AM

For altcoins, they are not stable unlike bitcoin, so it's possible that OP would still earn that 5.69% but the value in usd or fiat would drop if that altcoins will drop its value compared to its value when you start your investment journey.

From what I understand. Are you saying while investing in gambling casinos bankroll in altcoin, profit would still vary from the movement of it's value in the market not from the gambling site? Correct me if I'm wrong.

Botnake

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Quote from: asu on June 23, 2020, 06:45:12 AM

Quote from: adaseb on June 23, 2020, 12:33:34 AM

Investing with alts such as LTC and DOGE are a double edge sword. They can double or triple and BTC can double and you basically can make 6x off your original investment instead of 2x. This is actualy why people keep waiting for "alt season" because they know that at most BTC "might" touch $20K and that's it. Best case scenario in short term is to double your money. But with alts you can leverage and buy some mid-cap alt which can 5x or so and then BTC might go up by 25% and you got a nice healty profit.

Issue is when to buy these alts. Basically many like XRP are hitting new lows against the BTC and people are losing their BTC which is actually rising in value. Hence as always its a calculated risk for many.

I think you are talking about trading investment here, or you can enlighten us a bit more.
Don't get me wrong, but that's what I understand about what you've said.

That's what OP is doing... adaseb here was just citing possibilities when investing using altcoins.

In OP's progress, he is profitable investing in BTC with a rate of 5.69% so far, that's from week 1 to to week 10 which is the latest, but his investment was more profitable because he started when bitcoin was at over $6k only, and currently it's price at over $9k, so there is a huge increase if you based on that bitcoin value.

For altcoins, they are not stable unlike bitcoin, so it's possible that OP would still earn that 5.69% but the value in usd or fiat would drop if that altcoins will drop its value compared to its value when you start your investment journey.

asu

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Quote from: adaseb on June 23, 2020, 12:33:34 AM

Investing with alts such as LTC and DOGE are a double edge sword. They can double or triple and BTC can double and you basically can make 6x off your original investment instead of 2x. This is actualy why people keep waiting for "alt season" because they know that at most BTC "might" touch $20K and that's it. Best case scenario in short term is to double your money. But with alts you can leverage and buy some mid-cap alt which can 5x or so and then BTC might go up by 25% and you got a nice healty profit.

Issue is when to buy these alts. Basically many like XRP are hitting new lows against the BTC and people are losing their BTC which is actually rising in value. Hence as always its a calculated risk for many.

I think you are talking about trading investment here, or you can enlighten us a bit more.
Don't get me wrong, but that's what I understand about what you've said.

ethereumhunter

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Quote from: adaseb on June 23, 2020, 12:33:34 AM

Investing with alts such as LTC and DOGE are a double edge sword. They can double or triple and BTC can double and you basically can make 6x off your original investment instead of 2x. This is actualy why people keep waiting for "alt season" because they know that at most BTC "might" touch $20K and that's it. Best case scenario in short term is to double your money. But with alts you can leverage and buy some mid-cap alt which can 5x or so and then BTC might go up by 25% and you got a nice healty profit.

Issue is when to buy these alts. Basically many like XRP are hitting new lows against the BTC and people are losing their BTC which is actually rising in value. Hence as always its a calculated risk for many.

But I will say that it is difficult to find that altcoin. Maybe litecoin and dogecoin is the right altcoin to invest, but as we know, we have so many potential altcoins which we can buy at any time, and use it in the gambling website for the investment. But yes, it is better to select the popular altcoin and available on the gambling site to invest in choosing the other altcoin. If we talk about XRP, I think that coin has another chance to increase and back to the last time the highest price, but we don't know when it will happen.

xxjumperxx

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Buy Bitcoin!

I dont think it would be a wise decision to invest with any other currency other than BTC.

All the altcoins are so tightly locked to Bitcoin... I mean if Bitcoin goes up, so do ALTs, Bitcoin goes down so ALTs, mostly harder.
So in case that does happen, you will be in race to get your ALTs out to sell them off.

adaseb

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Investing with alts such as LTC and DOGE are a double edge sword. They can double or triple and BTC can double and you basically can make 6x off your original investment instead of 2x. This is actualy why people keep waiting for "alt season" because they know that at most BTC "might" touch $20K and that's it. Best case scenario in short term is to double your money. But with alts you can leverage and buy some mid-cap alt which can 5x or so and then BTC might go up by 25% and you got a nice healty profit.

Issue is when to buy these alts. Basically many like XRP are hitting new lows against the BTC and people are losing their BTC which is actually rising in value. Hence as always its a calculated risk for many.

Yatsan

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Quote from: Natalim on June 22, 2020, 11:42:09 PM

Quote from: LogitechMouse on June 22, 2020, 06:36:16 PM

Quote from: Yatsan on June 22, 2020, 08:30:13 AM

Quote from: snipie on June 22, 2020, 06:19:51 AM

Quote from: Natalim on June 22, 2020, 06:09:13 AM

Quote from: snipie on June 22, 2020, 05:15:55 AM

Quote from: freedomgo on June 22, 2020, 02:34:39 AM

~

Coin choice will matter even in long run if you consider the price of it in fiat. Imagine you are winning the investment at Yolodice but you are losing the price of your coin in fiat, so in the end, it will ended-up breakeven or a loss.

I agree with this and this is probably my reason why I only investing in BTC right now in Yolodice.

LTC and DOGE are basing on the price of BTC so if BTC go down so these 2 will be too and worse if some whales won with a huge amount then your profit will be lost too in an instant.

Not only LTC and DOGE, all the altcoins are basing on the price of bitcoin, so it's not wise to choose altcoins if you are investing for long term since when you are investing in a casino, your main purpose is to see some profit and that you also believe that the coin your use in investing is the most stable coin in the market.

I am not saying LTC and DOGE will be a bad choice, you are just going to need a good entry point on those two.

If you are going to check my first investment the price of bitcoin there is at 6k so it's a very good entry point! And the investment itself at Yolodice is just a addition to the profit itself.

But yeah, pretty much agree that almost all of the altcoin are also inclining on the bitcoin price itself. So if you consider investing choose the coin that have lowest risk of dropping and for me that's bitcoin.

Natalim

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BTC to the MOON in 2019

Quote from: LogitechMouse on June 22, 2020, 06:36:16 PM

Quote from: Yatsan on June 22, 2020, 08:30:13 AM

Quote from: snipie on June 22, 2020, 06:19:51 AM

Quote from: Natalim on June 22, 2020, 06:09:13 AM

Quote from: snipie on June 22, 2020, 05:15:55 AM

Quote from: freedomgo on June 22, 2020, 02:34:39 AM

~

Coin choice will matter even in long run if you consider the price of it in fiat. Imagine you are winning the investment at Yolodice but you are losing the price of your coin in fiat, so in the end, it will ended-up breakeven or a loss.

I agree with this and this is probably my reason why I only investing in BTC right now in Yolodice.

LTC and DOGE are basing on the price of BTC so if BTC go down so these 2 will be too and worse if some whales won with a huge amount then your profit will be lost too in an instant.

Not only LTC and DOGE, all the altcoins are basing on the price of bitcoin, so it's not wise to choose altcoins if you are investing for long term since when you are investing in a casino, your main purpose is to see some profit and that you also believe that the coin your use in investing is the most stable coin in the market.

Maus0728

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Quote from: lienfaye on June 22, 2020, 07:46:16 PM

What is the best gambling site to invest in and what is the minimum amount?

This would help you in search for gambling site investments.
[Overview of all bitcoin casinos] Latest update: 14-03-19 VISIT NEW WEBSITE

Other Discussion
[1] https://bitcointalksearch.org/topic/list-of-gambling-investments-and-discussion-5238582

As far as I know, there is no minimum amount of investment in Yolodice and i still haven't tried other investment site yet. Commonly, your question can be found on F.A.Q section of a a particular site, take note that the amount of investment will also varies.

asu

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Quote from: Yatsan on June 21, 2020, 07:17:20 AM

BTC dropped and same as the investment itself, it's a loss this week but still we are in a good run! Grin

What are your thoughts this week? Grin

Cool. A loss is always a part, that's fine because you're just getting started and as long as you aim for long-term there's not much to worry (probably). Cheesy

Quote from: lienfaye on June 22, 2020, 07:46:16 PM

What is the best gambling site to invest in and what is the minimum amount?

Great question. If you're aware of this thread, you can see that there are two gambling casino s/he invested. On top of it, there are others as well posting their investment result and simply not the same result compare to yatsan.

I think the question should be what gambling site suit your needs to invest with. Bustadice has a 2% (dilution) fee and Yolodice seems doing great based on OP results.

Most likely the minimum investment would be 0.001-0.01 BTC or there are none.

Topic: GAMBLING SITE INVESTMENT - page 21. (Read 6987 times)