Was planing to invest on a gambling site since they said its a gauranteed profit since the house can't lose but I'm still skeptical about it, i don't have much BTC so I have to make sure whether its going to be profitable for me. What possibilities could happen to the gambling site i wanted to invest into and how am i going to lose my investment in such a manner?
Investing in Gambling sites and online casinos makes a lot of profit,
But If you do invest into a fake one,
then all your money or btc will loss, that is the only possibility I see that makes investing in a gambling site a little bit dangerous in losing money.
But If you do know some site which is a legit one, try to invest into it, but don't expect a lot of earnings at first since all profits are based on interest.
I agree, there are lots of legit gambling sites where you can invest your money that offers you a decent profit in the long run. Just avoid those who are fake. There are lots of proof that investing in gambling house will not make your investment to waste. Gambling house might lose sometime but they can recover easily and most of the time with extra winning.
This can be avoided if the site in question has set the maximum win amount to something that it can handle.
Just take a look at moneypot, a user won around 50 BTC just in this last week.
I lost a huge chunk of my investment
wait a minute, that is a little scary. So someone only won 50 btc and that caused you to lose a chunk? they have heaps of btc dont they? I would figure 50 btc
would be nothing for them to lose and would barely affect bankrolls