Investing in a reputable big casino makes sense if:
1. You have at least 1 BTC. Less than that, transaction costs and the fact you may need it means it's not investable. Investment is long term, not short term.
2. Invest what if you did lose you might feel alot of pain but you'd still be solvent. One note: I think the risk of a big dice site running with your coins is extremely minuscule. Seriously, they are risking death doing that.
3. I don't see many big whales anymore. They appear to have gone extinct. So the variance is lower, meaning lower variance.
4. BE CAREFUL NOT TO BE TEMPTED TO DIVEST ON THE SITE SO YOU CAN GAMBLE IT. This is a common pitfall. Some sites allow you to make an account permanently unwagerable. But most for reasons beneficial to them, don't restrict this. If you cannot fight off the occasional urge to use that investment bankroll to gamble, then don't invest.All that will do is give you easier access to flipping coins and losing your principle.
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This may be the golden age of investing. If BTC is say, $50000 in 5 years, you're doing well right now.Most sites you are gonna get 50-100% annual returns. A Bank CD pays 1% on a shit fiat currency that loses 2-3% a year.
1. You have at least 1 BTC. Less than that, transaction costs and the fact you may need it means it's not investable. Investment is long term, not short term.
2. Invest what if you did lose you might feel alot of pain but you'd still be solvent. One note: I think the risk of a big dice site running with your coins is extremely minuscule. Seriously, they are risking death doing that.
3. I don't see many big whales anymore. They appear to have gone extinct. So the variance is lower, meaning lower variance.
4. BE CAREFUL NOT TO BE TEMPTED TO DIVEST ON THE SITE SO YOU CAN GAMBLE IT. This is a common pitfall. Some sites allow you to make an account permanently unwagerable. But most for reasons beneficial to them, don't restrict this. If you cannot fight off the occasional urge to use that investment bankroll to gamble, then don't invest.All that will do is give you easier access to flipping coins and losing your principle.
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This may be the golden age of investing. If BTC is say, $50000 in 5 years, you're doing well right now.Most sites you are gonna get 50-100% annual returns. A Bank CD pays 1% on a shit fiat currency that loses 2-3% a year.
You definitely don't need at least 1 BTC. You can make a profit with any amount, and lots of people don't have an entire Bitcoin.
The risk of a dice site pulling an exit scam and running with everyone's coins is higher than you make it seem to be.
I see whales all the time, you must be on the wrong sites.
#4 is the only one I can agree with you on, I also see it a lot.
Agree ... put 0.1 BTC with 10x leverage and you are like investing 1BTC (but at higher riks of course).
If I would be a whale I would definitely stay in shadows and I think most of them is doing the same.
