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Topic: Losing investment on Gambling sites - page 22. (Read 14276 times)

legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
July 20, 2016, 06:26:28 AM
you can't really expect a 100% safe way to invest bitcoin or your money in general, there is always some risks involved.
but the only thing that you can do is to find a reputable gambling site that has been around for some time and invest in their business because investing in new places can sometimes be very risky because they can have bugs in their system that a hacker could exploit and empty their bankroll so fast and you will lose also.
so that is why you should find a place that has been around for at least a year and all bugs were fixed already.
legendary
Activity: 2436
Merit: 1561
July 20, 2016, 04:52:19 AM

What you mean is "steer clear of investing in anything, whether it's crypto or fiat-related." Your entire point is quite literally the same in EVERY single investment, no matter what it is. ...

My main point was dilution of share in bankroll, second part of the post was in relation to that. So no, you cannot apply the same to EVERY investment, i.e. panic selling/reinvesting profits are not really applicable for say investing in start-ups.

Also, are you aware that 'investing' is pretty broad term and that there is such thing as short-term investment?

...And that's so obvious that you even mentioning it is painful and further concretes the fact that 99% of the people around here should NOT be investing in ANYTHING because they have no idea what they're doing and that's just a recipe for disaster.

How else are they going to learn? Making mistakes with small amounts can be a good learning experience.

legendary
Activity: 1988
Merit: 1007
July 20, 2016, 04:15:47 AM
Wow some people are clueless about investments. Yes a casino is a very good investment but longterm only. Short term you can take a hit but long term you will make money it's pretty obvious.
...

Exactly. Other thing to note is, even if you were to make a profit every day (in line with house edge etc), you can't cash out those profits without diluting your share in bankroll (unless all the other investors cash out regularly as well).

So if you're not ready to engage your funds long-term (few months at least) or if you're a type of person who makes panic-decisions - steer clear of investing in BTC gambling.

What you mean is "steer clear of investing in anything, whether it's crypto or fiat-related." Your entire point is quite literally the same in EVERY single investment, no matter what it is. And that's so obvious that you even mentioning it is painful and further concretes the fact that 99% of the people around here should NOT be investing in ANYTHING because they have no idea what they're doing and that's just a recipe for disaster.
hero member
Activity: 756
Merit: 520
July 20, 2016, 03:57:19 AM
there is no risk-free investment,

the gambling site may closed and run away with your money...

but I don't think there is lots of profit if you are going to invest with a small amount,
and take times too
 

Agree, all the investments made there must be some risks in the investment. Because of this the world no matter which have a negative impact, except for religious activities (worship). So to minimize such then we must always do the calculation of likelihood that will happen in the future and then see where we invest. Whether the venue is worthy or not by looking at the valid data owned
hero member
Activity: 770
Merit: 500
July 20, 2016, 03:53:01 AM
Wow some people are clueless about investments. Yes a casino is a very good investment but longterm only. Short term you can take a hit but long term you will make money it's pretty obvious.
...

Exactly. Other thing to note is, even if you were to make a profit every day (in line with house edge etc), you can't cash out those profits without diluting your share in bankroll (unless all the other investors cash out regularly as well).

So if you're not ready to engage your funds long-term (few months at least) or if you're a type of person who makes panic-decisions - steer clear of investing in BTC gambling.

Well yea you right as the bankroll grows you will need to put in more and more of the same return bit then you getting return on more money. Yes compounding interest. Yes people must just make an investment and leave it. You right cuz some people stress for nothing and panic sell or close their investment but its much better just to me a it it out.
sr. member
Activity: 448
Merit: 250
July 17, 2016, 03:21:23 PM
there is no risk-free investment,

the gambling site may closed and run away with your money...

but I don't think there is lots of profit if you are going to invest with a small amount,
and take times too
 
of course there is no such thing, in my opinion investing into dice websites is way too risky thing to do right now because it can make you lose all the money you have if they scam you

Risk is thing you take to get an extra reward. Those 2 go hand in hand. If you go for the long win or a win at all you have to take a risk.
And yes sometimes those risky investments don't turn out for the good.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
July 17, 2016, 03:20:01 PM
Wow some people are clueless about investments. Yes a casino is a very good investment but longterm only. Short term you can take a hit but long term you will make money it's pretty obvious.
...
Yeah I think casino investments are a good idea if you're looking for something long-term but because of the variance some lucky players might take money from you. You need money to make money though and unless you invest a significant amount you won't get much back from the casino if its bankroll is big.
hero member
Activity: 658
Merit: 500
July 17, 2016, 03:14:18 PM
If you are not patient, then investment is not for you. You are more suited for speculation and focus on capital gains. Investment usually will need some time to generate the extra cash flow and however it is more safer compare to gambling. In the long run, gambling will net you a negative value while investment in casino will give you profits.

I totally agreed with this. Some investments need to have more year to come before you will get what you want. But it is really worth the wait but you should also needs understanding and you need to educate yourself about investing before you have to enter this kind of risk. But unlike gambling in a long run you will lose a lot of money.

Yeah, investment requires a long time and this is long term, and also we have to put a lot of money for this so that the results are comparable to what we have been waiting for.

gambling is short term, but you can not think that if you invest in gambling will get results in the short term, it still will be in the long term.

If OP intend to invest to a long term project then i guess investing to a gambling site isn't something he should be up to.
Putting some cash to a good project with a potential instead is better investment such as WAVES token or Lisk.

yeah, and including LIR, with which nowadays I am earning a good amount of profit as we can see a daily 30% to 40% fluctuations in the price so in trading with that we earn about 30% to 40% per day.
hero member
Activity: 1246
Merit: 534
July 17, 2016, 01:35:14 PM
If you are not patient, then investment is not for you. You are more suited for speculation and focus on capital gains. Investment usually will need some time to generate the extra cash flow and however it is more safer compare to gambling. In the long run, gambling will net you a negative value while investment in casino will give you profits.

I totally agreed with this. Some investments need to have more year to come before you will get what you want. But it is really worth the wait but you should also needs understanding and you need to educate yourself about investing before you have to enter this kind of risk. But unlike gambling in a long run you will lose a lot of money.

Yeah, investment requires a long time and this is long term, and also we have to put a lot of money for this so that the results are comparable to what we have been waiting for.

gambling is short term, but you can not think that if you invest in gambling will get results in the short term, it still will be in the long term.

If OP intend to invest to a long term project then i guess investing to a gambling site isn't something he should be up to.
Putting some cash to a good project with a potential instead is better investment such as WAVES token or Lisk.


Investing in projects like that have more risk for me than investing in a gambling site., because the price of a new coin is too volatile.
hero member
Activity: 798
Merit: 503
July 17, 2016, 10:48:00 AM

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?
No investment is ever risk free from time immemorial not to talk of gambling with the risk or chance attached could likely be more than than the returns nd Dont be deceived into believing that its safe? Put what you can afford to lose... My 2 cents...
legendary
Activity: 1456
Merit: 1005
July 16, 2016, 08:06:06 PM
Wow some people are clueless about investments. Yes a casino is a very good investment but longterm only. Short term you can take a hit but long term you will make money it's pretty obvious.
...

Exactly. Other thing to note is, even if you were to make a profit every day (in line with house edge etc), you can't cash out those profits without diluting your share in bankroll (unless all the other investors cash out regularly as well).

So if you're not ready to engage your funds long-term (few months at least) or if you're a type of person who makes panic-decisions - steer clear of investing in BTC gambling.

One should have some target to reach in investments, once they reach that target whether in a short time or longer time then they should take out their profits and can continue with rest of the investments. Because no one is sure how any company can perform in future. Also, try to diversify your investments in few good casinos to reduce you loses in worst cases.
hero member
Activity: 770
Merit: 500
July 16, 2016, 05:57:11 PM
there is no risk-free investment,

the gambling site may closed and run away with your money...

but I don't think there is lots of profit if you are going to invest with a small amount,
and take times too
 
of course there is no such thing, in my opinion investing into dice websites is way too risky thing to do right now because it can make you lose all the money you have if they scam you
legendary
Activity: 2436
Merit: 1561
July 16, 2016, 05:36:27 PM
Wow some people are clueless about investments. Yes a casino is a very good investment but longterm only. Short term you can take a hit but long term you will make money it's pretty obvious.
...

Exactly. Other thing to note is, even if you were to make a profit every day (in line with house edge etc), you can't cash out those profits without diluting your share in bankroll (unless all the other investors cash out regularly as well).

So if you're not ready to engage your funds long-term (few months at least) or if you're a type of person who makes panic-decisions - steer clear of investing in BTC gambling.
hero member
Activity: 1246
Merit: 534
July 16, 2016, 12:30:44 PM

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?
It depends on the amount of btc you will invest, if its really a low amount, just don't invest it, it might lose or the break even time is too long that it is better for you should really just put it somewhere else.
hero member
Activity: 770
Merit: 500
July 16, 2016, 11:40:44 AM
Wow some people are clueless about investments. Yes a casino is a very good investment but longterm only. Short term you can take a hit but long term you will make money it's pretty obvious. So what of the site closed and runs one day you ask ? Well.... What if your house burns down one day ? Or you hit by a car ? There is risk everywhere around us and if you aren't willing to take a risk you will never reap a good reward.
legendary
Activity: 910
Merit: 1000
July 16, 2016, 01:15:16 AM
in my opinion, if you are ready to start investing on any kind of investing program, then you are ready to lose all of your money. but if somehow in the end you have all your money plus some profit, then you are luck.

i think better you can find one investing programs that really good and work for you. read carefully what they offer, do not miss single part of the info, and make a decision, ready or not. if you not sure, then my suggestion is do not invest.
Thank you very much for long explaining  Grin, but it is still uncomplete you must add what kinds of Investment are like gambling website, HYIP, cloud mining or another else. And you can add your experience in Investment who give the profit. And you must add management of risk for us as details so we can make Investment with we can lost it.
member
Activity: 112
Merit: 10
July 16, 2016, 01:09:49 AM
there is no risk-free investment,

the gambling site may closed and run away with your money...

but I don't think there is lots of profit if you are going to invest with a small amount,
and take times too
 
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
July 16, 2016, 01:01:47 AM
If you are not patient, then investment is not for you. You are more suited for speculation and focus on capital gains. Investment usually will need some time to generate the extra cash flow and however it is more safer compare to gambling. In the long run, gambling will net you a negative value while investment in casino will give you profits.

I totally agreed with this. Some investments need to have more year to come before you will get what you want. But it is really worth the wait but you should also needs understanding and you need to educate yourself about investing before you have to enter this kind of risk. But unlike gambling in a long run you will lose a lot of money.

Yeah, investment requires a long time and this is long term, and also we have to put a lot of money for this so that the results are comparable to what we have been waiting for.

gambling is short term, but you can not think that if you invest in gambling will get results in the short term, it still will be in the long term.

If OP intend to invest to a long term project then i guess investing to a gambling site isn't something he should be up to.
Putting some cash to a good project with a potential instead is better investment such as WAVES token or Lisk.
Definitely, and I agree waves and lisk has a good future even if the investors during the ICO has not made profit yet in waves, with this investment you need to trust the developers of the project as when there is a major improvement of the project you will also benefit as the price will substantially increase.
legendary
Activity: 3178
Merit: 1054
July 16, 2016, 12:56:37 AM
If you are not patient, then investment is not for you. You are more suited for speculation and focus on capital gains. Investment usually will need some time to generate the extra cash flow and however it is more safer compare to gambling. In the long run, gambling will net you a negative value while investment in casino will give you profits.

I totally agreed with this. Some investments need to have more year to come before you will get what you want. But it is really worth the wait but you should also needs understanding and you need to educate yourself about investing before you have to enter this kind of risk. But unlike gambling in a long run you will lose a lot of money.

Yeah, investment requires a long time and this is long term, and also we have to put a lot of money for this so that the results are comparable to what we have been waiting for.

gambling is short term, but you can not think that if you invest in gambling will get results in the short term, it still will be in the long term.

If OP intend to invest to a long term project then i guess investing to a gambling site isn't something he should be up to.
Putting some cash to a good project with a potential instead is better investment such as WAVES token or Lisk.
legendary
Activity: 1386
Merit: 1016
July 16, 2016, 12:08:24 AM
If you are not patient, then investment is not for you. You are more suited for speculation and focus on capital gains. Investment usually will need some time to generate the extra cash flow and however it is more safer compare to gambling. In the long run, gambling will net you a negative value while investment in casino will give you profits.

I totally agreed with this. Some investments need to have more year to come before you will get what you want. But it is really worth the wait but you should also needs understanding and you need to educate yourself about investing before you have to enter this kind of risk. But unlike gambling in a long run you will lose a lot of money.

Yeah, investment requires a long time and this is long term, and also we have to put a lot of money for this so that the results are comparable to what we have been waiting for.

gambling is short term, but you can not think that if you invest in gambling will get results in the short term, it still will be in the long term.

Actually you dont have to put in a lot of money. To me, i feel that the most important is the amount of wages played on the website. You can have a high percentage on the bankroll with almost nobody playing and you cant profit any. Or you can have a low percentage of the bankroll but with a huge amount of wages you still can profit more with the earlier choice.
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