Topic: Investing in btc casinos - page 3. (Read 40405 times)
I don't think that is good idea considering gambling as investment.
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Based on this list - https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-15-week-14-of-52
It looks like investing in casino ico not good because both BetKing and BitDice investments lost a lot of money. Betking is about 60% and Bitdice around 30% in less than 4 months time. Other bankroll investments have given around 5% profit in 14 weeks which is quite less for the risk investors are taking.
The above mentioned is misleading. e.g. bitdice did not lost money ... he apparently bought CSNO tokens with BTC and compares with the total USD value at current price.
Actually CSNO doubled it's USD value since the beginning ... check https://ethplorer.io/address/0x29d75277ac7f0335b2165d0895e8725cbf658d73
The problem is ANYTHING you bought using BTC few months ago is now a big loss for you !
His comparison is in BTC only not in USD. Because he spent money in BTC and expected profits in BTC, not in USD.
I do agree that BTC went up a lot in last few months so but for him it is still a loss so his report is correct. Just imagine if don't invest in that token then he would have made even more profits in terms of USD and that is what he is trying to say in his report.
Well, to me the bitdice report reflects his lost from not hodling those BTCs.
If he expects to be in BTC profit then he misunderstood the ICO conditions. Investors will be paid in ETH and with growing BTC price he'll most likely never reach any significant profit. But who knows.
The overview is relevant for regular bankroll investments (where you are paid in BTCs) but not for ICOs where funds were converted to fiat (when the ICO finished) and payouts will be in ETH.
Just saying the ICO investments (bitdice, betking) in same table with bankroll casinos is mixing apples with oranges.
One thing I've been thinking about lately is the likelihood of a casino operator doing an exit scam during bitcoin price surges like the one we're currently experiencing. For popular investor-backed casinos the commission earned by the operator is peanuts compared to the sum of investor funds. During times like these I think it must be extremely tempting to run away with the money, especially if you're the sole admin of a site and you suddenly have tens of millions (or more, if things keep up!) on your Ledger. I hope I'm wrong, but I have a feeling that over the next couple of months we'll see sites disappear which we previously viewed as permanent, irreproachable fixtures of the community. The argument that "if they were going to exit scam they would've done it already" doesn't seem very convincing to me...it's only recently that we came out of the bear market that started at the end of 2013. I think that the only smart way to invest in this climate is to spread your investment out evenly over 6+ casinos with the expectation that one or two will _definitely_ disappear suddenly. Good luck everyone!
The same can be said with any type of Bitcoin service.
Exchanges can do an exit scam because they hold massive amounts of BTC which right now is huge amounts of US dollars. Same with lending services and other micro BTC services.
In my opinion I think when BTC doubles in value, most people probably withdraw half of their BTC and cold storage it. Maybe not in a site like Coinbase but with most services people withdraw from time to time incase the casino runs off with their money or gets hacked.
Same reason why people are very scared to keep money on Bitfinex due to all these Tether issues.
In between investing in BTC or real life casinos, I think is while better to do it online, since we cannot know if the site itself is not scamming by having algorithms to make people lose.
Also, it's affordable to invest online and there is no legal requirement just to investment, in overall it gives convenience to small and big investors. The market is wide, because most gamblers will prefer to just sit in their chair and gamble at home, I think it's the trend now and it has continued it's popularity. 
, there is no casino who have been on bankrupcy by lucky gamblers, cuz they can't be how gambling sites are coded.
In fact there is some in the past that went out of operatin because player won huge amount. When a site lose huge amount that means the investor is probably going to be scared about losing more thus some will divest. Well it happened in the past , moneypot was a good example of it and I guess they never fully recover that big loss
In between investing in BTC or real life casinos, I think is while better to do it online, since we cannot know if the site itself is not scamming by having algorithms to make people lose.
You wont be possible to invest in a land based casino, they probably has millions of dollars minimum
In between investing in BTC or real life casinos, I think is while better to do it online, since we cannot know if the site itself is not scamming by having algorithms to make people lose.
Investing in any BTC Casino related is the way for success, there is no casino who have been on bankrupcy by lucky gamblers, cuz they can't be how gambling sites are coded.
One thing I've been thinking about lately is the likelihood of a casino operator doing an exit scam during bitcoin price surges like the one we're currently experiencing. For popular investor-backed casinos the commission earned by the operator is peanuts compared to the sum of investor funds. During times like these I think it must be extremely tempting to run away with the money, especially if you're the sole admin of a site and you suddenly have tens of millions (or more, if things keep up!) on your Ledger. I hope I'm wrong, but I have a feeling that over the next couple of months we'll see sites disappear which we previously viewed as permanent, irreproachable fixtures of the community. The argument that "if they were going to exit scam they would've done it already" doesn't seem very convincing to me...it's only recently that we came out of the bear market that started at the end of 2013. I think that the only smart way to invest in this climate is to spread your investment out evenly over 6+ casinos with the expectation that one or two will _definitely_ disappear suddenly. Good luck everyone!
I think I'm going to give up on investing in casino bankroll
It always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
Investing in casino is I think a long term activity, we have to understand that casino always win in the long runIt always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
so we should not count the results early. If I remember it right, we have a thread here where OP experiment investing in casino
and in overall he is profitable, that is because he diversified his investment.
There is no guaranty that all casino bankroll investments will give profits in the long run.
Of course there is no guarantee. But over a long period of time, the odds are on your favor.
Based on this list - https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-15-week-14-of-52
It looks like investing in casino ico not good because both BetKing and BitDice investments lost a lot of money. Betking is about 60% and Bitdice around 30% in less than 4 months time. Other bankroll investments have given around 5% profit in 14 weeks which is quite less for the risk investors are taking.
The above mentioned is misleading. e.g. bitdice did not lost money ... he apparently bought CSNO tokens with BTC and compares with the total USD value at current price.
Actually CSNO doubled it's USD value since the beginning ... check https://ethplorer.io/address/0x29d75277ac7f0335b2165d0895e8725cbf658d73
The problem is ANYTHING you bought using BTC few months ago is now a big loss for you !
His comparison is in BTC only not in USD. Because he spent money in BTC and expected profits in BTC, not in USD.
I do agree that BTC went up a lot in last few months so but for him it is still a loss so his report is correct. Just imagine if don't invest in that token then he would have made even more profits in terms of USD and that is what he is trying to say in his report.
I know
As I said I invested after following him (btc-millionaire)
But I seem to be unlucky
I previously had a loss, and withdrew after I needed the funds
I invested again recently
My investments are there for a month and a few weeks now, still negative though..
As I said I invested after following him (btc-millionaire)
But I seem to be unlucky
I previously had a loss, and withdrew after I needed the funds
I invested again recently
My investments are there for a month and a few weeks now, still negative though..
I think I'm going to give up on investing in casino bankroll
It always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
Investing in casino is I think a long term activity, we have to understand that casino always win in the long runIt always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
so we should not count the results early. If I remember it right, we have a thread here where OP experiment investing in casino
and in overall he is profitable, that is because he diversified his investment.
There is no guaranty that all casino bankroll investments will give profits in the long run.
Of course there is no guarantee. But over a long period of time, the odds are on your favor.
Based on this list - https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-15-week-14-of-52
It looks like investing in casino ico not good because both BetKing and BitDice investments lost a lot of money. Betking is about 60% and Bitdice around 30% in less than 4 months time. Other bankroll investments have given around 5% profit in 14 weeks which is quite less for the risk investors are taking.
The above mentioned is misleading. e.g. bitdice did not lost money ... he apparently bought CSNO tokens with BTC and compares with the total USD value at current price.
Actually CSNO doubled it's USD value since the beginning ... check https://ethplorer.io/address/0x29d75277ac7f0335b2165d0895e8725cbf658d73
The problem is ANYTHING you bought using BTC few months ago is now a big loss for you !
I think I'm going to give up on investing in casino bankroll
It always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
Investing in casino is I think a long term activity, we have to understand that casino always win in the long runIt always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
so we should not count the results early. If I remember it right, we have a thread here where OP experiment investing in casino
and in overall he is profitable, that is because he diversified his investment.
There is no guaranty that all casino bankroll investments will give profits in the long run.
Of course there is no guarantee. But over a long period of time, the odds are on your favor.
Based on this list - https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-15-week-14-of-52
It looks like investing in casino ico not good because both BetKing and BitDice investments lost a lot of money. Betking is about 60% and Bitdice around 30% in less than 4 months time. Other bankroll investments have given around 5% profit in 14 weeks which is quite less for the risk investors are taking.
I think I'm going to give up on investing in casino bankroll
It always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
Investing in casino is I think a long term activity, we have to understand that casino always win in the long runIt always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
so we should not count the results early. If I remember it right, we have a thread here where OP experiment investing in casino
and in overall he is profitable, that is because he diversified his investment.
There is no guaranty that all casino bankroll investments will give profits in the long run.
Of course there is no guarantee. But over a long period of time, the odds are on your favor.
I think I'm going to give up on investing in casino bankroll
It always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
Investing in casino is I think a long term activity, we have to understand that casino always win in the long runIt always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
so we should not count the results early. If I remember it right, we have a thread here where OP experiment investing in casino
and in overall he is profitable, that is because he diversified his investment.
There is no guaranty that all casino bankroll investments will give profits in the long run.
I think I'm going to give up on investing in casino bankroll
It always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
Investing in casino is I think a long term activity, we have to understand that casino always win in the long runIt always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
so we should not count the results early. If I remember it right, we have a thread here where OP experiment investing in casino
and in overall he is profitable, that is because he diversified his investment.
I think I'm going to give up on investing in casino bankroll
It always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
Investing in casino is I think a long term activity, we have to understand that casino always win in the long runIt always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
so we should not count the results early. If I remember it right, we have a thread here where OP experiment investing in casino
and in overall he is profitable, that is because he diversified his investment.
I think I'm going to give up on investing in casino bankroll
It always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
It always turn negative
Currently around 0.02BTC negative, same a couple of weeks ago (different casinos profitable, different casinos unprofitable)..
I've started aftering following btcmillionaire and after I've seen his 1%/week average, I hoped for a 3%/month profit
But hell no.
Seems like I'm losing each and every fucking time
Except for Crypto-Games, they haven't been negative on me yet.
Investing money is like gambling , it's either you earn a lot or loss all the profit. However we need to trust and be confident in your decisions to earn more. The more you invest the more you have the chance to earn a lot. In addition try to research first what are the things to remember and background check is necessary.
Investing money incurs risk like gambling, but when you invest the odds are in your favor. There's a big difference.
How can invest can be in our favor? We can't control this thing right, there is always player that control it, like big whale when they win big and run away with a lot of cash and others that play slowly get their money back. There is so many kinds of players right there so how can this be profitable to us?
It seems that it is way more complicated than that. We have seen quite a few casinos going bust in the past or just running away with the investors money. Given that the house edge nowadays is pretty small, something like 1% or even lower, it is certainly possible for a big whale to strip a casino off of its bankroll or the best part of it. Indeed, there are limits of the max bet which should prevent this from happening, but it happened in the past too with shitty casinos. And this is likely the main cause why many casinos give negative returns to their investors, i.e. due to crappy bankroll management.
Investing money is like gambling , it's either you earn a lot or loss all the profit. However we need to trust and be confident in your decisions to earn more. The more you invest the more you have the chance to earn a lot. In addition try to research first what are the things to remember and background check is necessary.
Investing money incurs risk like gambling, but when you invest the odds are in your favor. There's a big difference.
How can invest can be in our favor? We can't control this thing right, there is always player that control it, like big whale when they win big and run away with a lot of cash and others that play slowly get their money back. There is so many kinds of players right there so how can this be profitable to us?
Yes, all players are in disadvantage (from mathematical point of view) but true is the luck plays significant role as well.
Nevertheless from the long term view the investors are on the profiting side.
BTW you can control this thing by closing active invests. Notice some player is constantly winning? so close them before he gets more lucky (or adjust kelly accordingly) ... but from my experience it's not the best tactics .... IMO most of winners are just temporary ... sooner or later the greed overhelms, they try to win more and lose everything ... thats what gambling is all about)
Investing money is like gambling , it's either you earn a lot or loss all the profit. However we need to trust and be confident in your decisions to earn more. The more you invest the more you have the chance to earn a lot. In addition try to research first what are the things to remember and background check is necessary.
Investing money incurs risk like gambling, but when you invest the odds are in your favor. There's a big difference.
How can invest can be in our favor? We can't control this thing right, there is always player that control it, like big whale when they win big and run away with a lot of cash and others that play slowly get their money back. There is so many kinds of players right there so how can this be profitable to us?
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