GAMBLING SITE INVESTMENT - page 31. | Bitcointalksearch.org

BitcoinsGreat

sr. member

Activity: 1022

Merit: 280

Quote from: JanpriX on May 07, 2020, 04:45:41 AM

Didn't know that they are currently accepting people to invest in their bankroll. Might take a look at it and probably will invest some once I have any BTC lying around on my wallet. Grin

When you invest your money in their platform, do they allow you to withdraw it any time you want or do they have any contract that you need to leave your BTC for a certain amount of time?

I don't like the idea of investment of bitcoins in gambling sites. Even some exchanges also give us opportunity that e deposit our bitcoin with them and they give us monthly interest on them. I will never want to risk my bitcoins in order to get some dollars as an interest.

examplens

legendary

Activity: 3472

Merit: 3507

Crypto Swap Exchange

Quote from: asu on May 12, 2020, 07:31:23 AM

Quote from: Botnake on May 12, 2020, 04:42:51 AM

Well, most likely OP will be profitable investing in a casino per BTC value, but in terms of USD, that still relies on the value of bitcoin which is very unpredictable and we never know what will its future, but then again, if OP believes BTC will rise in the long run, then he will keep this investment for long term. It's still less than a month I guess, a lots of trials OP will surpass for sure.

As far as I believe. Bitcoin have only one way to go around, and it has to be to the moon. Cheesy

Anyway, investment matters to the amount you invested as well, but 2.95% ROI in a month, pretty good one. Good luck @Yatsan.

I have been thinking for a long time about investment in casino bankroll, OP just helps me to make a decision. even the profit looks better than I expected.
Plus I have some amount of DOGE and LTC, where I hold it and waiting for much higher price than now, so why not to increase the amount.

I asked previous time, is it necessary to do any action to reinvest profit, or everything going automatically?

asu

legendary

Activity: 1302

Merit: 1136

Quote from: Botnake on May 12, 2020, 04:42:51 AM

Well, most likely OP will be profitable investing in a casino per BTC value, but in terms of USD, that still relies on the value of bitcoin which is very unpredictable and we never know what will its future, but then again, if OP believes BTC will rise in the long run, then he will keep this investment for long term. It's still less than a month I guess, a lots of trials OP will surpass for sure.

As far as I believe. Bitcoin have only one way to go around, and it has to be to the moon. Cheesy

Anyway, investment matters to the amount you invested as well, but 2.95% ROI in a month, pretty good one. Good luck @Yatsan.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: asu on May 12, 2020, 04:26:48 AM

So you do calculate your profit to the current market value and add it to your portfolio.
It's like you're hodling BTC and on the other hand investing at the same time.

Exactly, that's what OP is trying to show to us.

Quote from: asu on May 12, 2020, 04:26:48 AM

I must say again if this keeps in the long run, it'll eventually turned into a great ROI. Bitcon value + Casino's profit.

Well, most likely OP will be profitable investing in a casino per BTC value, but in terms of USD, that still relies on the value of bitcoin which is very unpredictable and we never know what will its future, but then again, if OP believes BTC will rise in the long run, then he will keep this investment for long term. It's still less than a month I guess, a lots of trials OP will surpass for sure.

asu

legendary

Activity: 1302

Merit: 1136

So you do calculate your profit to the current market value and add it to your portfolio.
It's like you're hodling BTC and on the other hand investing at the same time.

I must say again if this keeps in the long run, it'll eventually turned into a great ROI. Bitcon value + Casino's profit.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: JanpriX on May 07, 2020, 10:54:59 AM

Ohhh, adding ETH in their investment platform would be very good for many people. I have many friends here that are more into ETH than into BTC (don't judge them. I also don't know their reasoning Roll Eyes

).

And if that is the case, there's more reason for me to invest my crypto in their site. I don't want my money to be locked up in any investment platform and having the liberty to withdraw it anytime is a big plus in my book.

Why does someone judge others when they invest or use ETH or some other currency? I know many people only value BTC, other currencies are rubbish in their eyes, although it still has some value. But that is the way people see it, not the way someone judges it. For an investment, any currency should be used and welcomed, as long as it is worth it. $ 50 in BTC is still similar to $ 50 in ETH, so why judge? You're just worrying too much, nobody judges it Wink

sana54210

legendary

Activity: 3346

Merit: 1128

Quote from: Clark05 on May 07, 2020, 05:25:25 AM

Investing to the gambling sites is not always win because they have possible that your money will lost just like what happened to op.
But I think investing to that is good because instead of playing gambling you invest your money and you possible to earn in a less risk that playing who are risk is very high I hope most of the time when people invest to gambling sites they earn money.

That is the thing about investing into casinos that many people do not realize. Now these places have house edge, which means it will profit no matter what in the long term, there is no way that they would lose money in long enough time. If you are also investing into a place that has a lot of wagering going on with their website you will have a lot more money.

If a place has 100 btc wagered there per day, they are going to make 1 btc per day on average with 1% house edge, if there is a place with 1000 btc that is 10 btc per day instead, so find places with a lot of wagering going on. Definitely that place could be hacked but so does an exchange could be, sure there could be big win whales going on, but there could be also big whale losses as well, sure some people could get lucky for a while but also they could get unlucky as well.

In the long run with house edge on your side, investors can't lose money in the long term, on average they will keep making profits.

JanpriX

hero member

Activity: 1708

Merit: 606

Buy The F*cking Dip

Quote from: janggernaut on May 07, 2020, 08:31:15 AM

Quote from: JanpriX on May 07, 2020, 04:45:41 AM

~snipped~

Yes, yolodice decided to reopen their investment feature and we just need to wait to able invest in ETH again soon, you can invest in BTC, LTC and DOGE atm
Afaik, you can withdraw your investment anytime you want, without any fees or leave it for some of time.

Ohhh, adding ETH in their investment platform would be very good for many people. I have many friends here that are more into ETH than into BTC (don't judge them. I also don't know their reasoning Roll Eyes

).

And if that is the case, there's more reason for me to invest my crypto in their site. I don't want my money to be locked up in any investment platform and having the liberty to withdraw it anytime is a big plus in my book.

janggernaut

legendary

Activity: 2394

Merit: 1131

Quote from: JanpriX on May 07, 2020, 04:45:41 AM

Didn't know that they are currently accepting people to invest in their bankroll. Might take a look at it and probably will invest some once I have any BTC lying around on my wallet. Grin

When you invest your money in their platform, do they allow you to withdraw it any time you want or do they have any contract that you need to leave your BTC for a certain amount of time?

Yes, yolodice decided to reopen their investment feature and we just need to wait to able invest in ETH again soon, you can invest in BTC, LTC and DOGE atm
Afaik, you can withdraw your investment anytime you want, without any fees or leave it for some of time.

freedomgo

legendary

Activity: 3318

Merit: 1185

Playbet.io - Crypto Casino and Sportsbook

Quote from: Inkdatar on May 07, 2020, 05:47:57 AM

Seeing this thread makes me had an interest to invest also in gambling site. I didn't know until I read this thread and of course we should be ready on the risks that we encounter. I’ll want to try my luck since Op post above is also profitable and this gives us insights of alternative to invest some of our btc.

You've seen the effect, by investing in casino, OP were able to grow his bitcoin and increase the value at the same time.
It needs timing and this is the right timing to invest now, due to the reason we can read above, this is inspiring especially for those who have a lot of btc to diversify.

Inkdatar

hero member

Activity: 1582

Merit: 523

Seeing this thread makes me had an interest to invest also in gambling site. I didn't know until I read this thread and of course we should be ready on the risks that we encounter. I’ll want to try my luck since Op post above is also profitable and this gives us insights of alternative to invest some of our btc.

Questat

hero member

Activity: 2982

Merit: 610

Quote from: matchi2011 on May 06, 2020, 08:54:15 AM

Good observations, with this pandemic virus gamblers needs to stay at home, learning how to play online gives them the chance to continue playing and with the timing OP have, getting passive income is really doing well. If the market will keeps on rising the fiat value of OP's investment will stay at positive sides.

As OP is profitable, this also gives us an idea now that the gambling sites now are more profitable before the pandemic, people are staying at home and they are burning their time in gambling, that's a good thing for the crypto gambling industry as a whole.

As per OP's profitability, not that big but the consistency is good.

Clark05

sr. member

Activity: 1274

Merit: 263

Investing to the gambling sites is not always win because they have possible that your money will lost just like what happened to op.
But I think investing to that is good because instead of playing gambling you invest your money and you possible to earn in a less risk that playing who are risk is very high I hope most of the time when people invest to gambling sites they earn money.

JanpriX

hero member

Activity: 1708

Merit: 606

Buy The F*cking Dip

Didn't know that they are currently accepting people to invest in their bankroll. Might take a look at it and probably will invest some once I have any BTC lying around on my wallet. Grin

When you invest your money in their platform, do they allow you to withdraw it any time you want or do they have any contract that you need to leave your BTC for a certain amount of time?

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: bitcoin31 on May 06, 2020, 08:05:57 AM

This is nice thread it because they have people who are going to invest to the gambling website but they cannot choose because they don't have any clue or what is possible to earn if they invest so I think it is good for them because they will evaluate the possible income they get once they started to invest. Thank you also for uodating this thread weekly it is good for us to watch the process of investing in gambling.

There are always topics like these to provide an experience for other users on this forum, a true experience for others by following Cheesy

Quote from: ultrloa on May 06, 2020, 08:14:03 AM

It's double profit if the price of bitcoins will rise But! If the price of bitcoins will fall for sure it's double lose also. But we cannot expect those losing moments at the moment since for sure these days the price of bitcoins will increase more due to the current halving that will give a good effect on the price so OP might got a big full pocket after this things became on good shape.

Of course, compound interest and double loss are similar Cheesy

While compound interest gives us extreme excitement, double losses are the obsession of any investor Cheesy

That is why investors always choose safe assets whenever the market has a big storm. Anyway, Yatsan is having a great profit, I expect more from him in the coming weeks.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: janggernaut on May 06, 2020, 08:05:28 AM

Quote from: Ziskinberg on May 06, 2020, 07:41:44 AM

Looks like OP's investment journey started at the right time, OP now is both profitable on btc and usd value or php and that's good to see that even until today, investing in a casino is still profitable.

OP's investment already profitable since he started it on both sites, it's true if OP's investment was down in bustadice in week #2, but in dollar, it's still good profit ( i know it's because affected with bitcoin price too which still increasing until now). The biggest jump from his investment is on yolodice, especially from week #2 to week #3.
Many people are prefer to gamble since they can't get out / isolated due to covid-19, that's might be one of reason why there are more people online in gambling sites, inc both of sites which OP have invested his money

Good observations, with this pandemic virus gamblers needs to stay at home, learning how to play online gives them the chance to continue playing and with the timing OP have, getting passive income is really doing well. If the market will keeps on rising the fiat value of OP's investment will stay at positive sides.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Ziskinberg on May 06, 2020, 07:41:44 AM

Quote from: ChuckBuck on May 06, 2020, 06:46:04 AM

Quote from: Yatsan on May 06, 2020, 04:47:26 AM

What are your thoughts this week? Grin

Well, you have a great profit for Yolodice this week, but not just Yolodice. Profits were higher than from both casinos, Bustadice also had better returns than the previous weeks. But the best part is still profit from Bitcoin. I must say that I am very interested in the investments you are making, a stable amount of money each week. Much better than profit from any bank Grin

Looks like OP's investment journey started at the right time, OP now is both profitable on btc and usd value or php and that's good to see that even until today, investing in a casino is still profitable.

It's double profit if the price of bitcoins will rise But! If the price of bitcoins will fall for sure it's double lose also. But we cannot expect those losing moments at the moment since for sure these days the price of bitcoins will increase more due to the current halving that will give a good effect on the price so OP might got a big full pocket after this things became on good shape.

bitcoin31

hero member

Activity: 1834

Merit: 523

This is nice thread it because they have people who are going to invest to the gambling website but they cannot choose because they don't have any clue or what is possible to earn if they invest so I think it is good for them because they will evaluate the possible income they get once they started to invest. Thank you also for uodating this thread weekly it is good for us to watch the process of investing in gambling.

janggernaut

legendary

Activity: 2394

Merit: 1131

Quote from: Ziskinberg on May 06, 2020, 07:41:44 AM

Looks like OP's investment journey started at the right time, OP now is both profitable on btc and usd value or php and that's good to see that even until today, investing in a casino is still profitable.

OP's investment already profitable since he started it on both sites, it's true if OP's investment was down in bustadice in week #2, but in dollar, it's still good profit ( i know it's because affected with bitcoin price too which still increasing until now). The biggest jump from his investment is on yolodice, especially from week #2 to week #3.
Many people are prefer to gamble since they can't get out / isolated due to covid-19, that's might be one of reason why there are more people online in gambling sites, inc both of sites which OP have invested his money

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: ChuckBuck on May 06, 2020, 06:46:04 AM

Quote from: Yatsan on May 06, 2020, 04:47:26 AM

What are your thoughts this week? Grin

Well, you have a great profit for Yolodice this week, but not just Yolodice. Profits were higher than from both casinos, Bustadice also had better returns than the previous weeks. But the best part is still profit from Bitcoin. I must say that I am very interested in the investments you are making, a stable amount of money each week. Much better than profit from any bank Grin

Looks like OP's investment journey started at the right time, OP now is both profitable on btc and usd value or php and that's good to see that even until today, investing in a casino is still profitable.

Topic: GAMBLING SITE INVESTMENT - page 31. (Read 6987 times)