Rollbit.com | Crypto's Most Rewarding Casino 👑 - page 171.

michellee

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Quote from: ultrloa on January 19, 2022, 07:19:02 AM

Quote from: michellee on January 19, 2022, 12:39:55 AM

Quote from: ?? on ??

Quote from: arallmuus on January 18, 2022, 06:18:21 PM

Quote from: barbara44 on January 18, 2022, 06:05:43 PM

Oh, if it is only 7 day period then it makes no sense at all. Loans are not suppose to be just 7 days, I mean what can you earn with a loan given to you in 7 days? There are literally no ways of making a lot of money in 7 days, only if you are like super super lucky and bull run happens right as soon as you get the money and keeps going up until the very last second.

It might not make sense for you but look at this, Rollbit is trying to encourage potential customers to deposit NFT onto their platform with a small benefit of getting loan with the NFT as collateral. Obviously Rollbit is a gambling business not a money lending business so it just doesnt make sense for them to offer you longer period of loan

This is the real point don't be fooled the main focus of rollbit remains on the gambling market they won't write ''borrowers have to gamble here'' It will not happen
But that's the real goal introduce rollbit to NFT users then attract their attention to gamble really a smooth marketing strategy if this program is not profitable Rollbit will definitely close it in the future that's how business goes.

We never know what their reason to do that is but maybe they want to expand their business and use NFT to get more members as they are aware that the trend now is NFT. We have many possibilities or speculations, but it is still an option for gamblers so they do not have to use or follow the offers if they feel that is not right for them. They can just stick to using their usual way without using the offers. I am sure their main strategy is still how to get many more members using many strategies.

That's what makes them cool since they always do proper things just to gain success and actually by joining the NFT scene make them smart knowing how big the market of this industry and they can accumulate bigger audience for their participation on that scene and not surprising to see how successful they are right now knowing that they have great marketing stuffs made.

And with the right strategies, I think that will help the site grow following the current trend so they can get benefits and have a chance to get more members for their site. The gambling industry will grow in the future so they can not close their eyes not try to involve with the trend. I am sure that not just Rollbit does that but the other gambling websites will also do the same and that is why the competition in the gambling industry will always exist because to be the top gambling site is not easy.

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Quote from: michellee on January 19, 2022, 12:39:55 AM

Quote from: ?? on ??

Quote from: arallmuus on January 18, 2022, 06:18:21 PM

Quote from: barbara44 on January 18, 2022, 06:05:43 PM

Oh, if it is only 7 day period then it makes no sense at all. Loans are not suppose to be just 7 days, I mean what can you earn with a loan given to you in 7 days? There are literally no ways of making a lot of money in 7 days, only if you are like super super lucky and bull run happens right as soon as you get the money and keeps going up until the very last second.

It might not make sense for you but look at this, Rollbit is trying to encourage potential customers to deposit NFT onto their platform with a small benefit of getting loan with the NFT as collateral. Obviously Rollbit is a gambling business not a money lending business so it just doesnt make sense for them to offer you longer period of loan

This is the real point don't be fooled the main focus of rollbit remains on the gambling market they won't write ''borrowers have to gamble here'' It will not happen
But that's the real goal introduce rollbit to NFT users then attract their attention to gamble really a smooth marketing strategy if this program is not profitable Rollbit will definitely close it in the future that's how business goes.

We never know what their reason to do that is but maybe they want to expand their business and use NFT to get more members as they are aware that the trend now is NFT. We have many possibilities or speculations, but it is still an option for gamblers so they do not have to use or follow the offers if they feel that is not right for them. They can just stick to using their usual way without using the offers. I am sure their main strategy is still how to get many more members using many strategies.

That's what makes them cool since they always do proper things just to gain success and actually by joining the NFT scene make them smart knowing how big the market of this industry and they can accumulate bigger audience for their participation on that scene and not surprising to see how successful they are right now knowing that they have great marketing stuffs made.

worle1bm

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Quote from: arallmuus on January 18, 2022, 06:18:21 PM

Quote from: barbara44 on January 18, 2022, 06:05:43 PM

Oh, if it is only 7 day period then it makes no sense at all. Loans are not suppose to be just 7 days, I mean what can you earn with a loan given to you in 7 days? There are literally no ways of making a lot of money in 7 days, only if you are like super super lucky and bull run happens right as soon as you get the money and keeps going up until the very last second.

It might not make sense for you but look at this, Rollbit is trying to encourage potential customers to deposit NFT onto their platform with a small benefit of getting loan with the NFT as collateral. Obviously Rollbit is a gambling business not a money lending business so it just doesnt make sense for them to offer you longer period of loan

Exactly it might not be making any sense to you but for many it's sufficient enough to have an extra amount to use for 7 days period only and give it back with that time.Sometimes we are in urgent need of funds and these types of loan could prove extra helpful to us and you will see lot of people applying for the same.So one's need could entirely different from others.

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Quote from: arallmuus on January 18, 2022, 06:18:21 PM

Quote from: barbara44 on January 18, 2022, 06:05:43 PM

Oh, if it is only 7 day period then it makes no sense at all. Loans are not suppose to be just 7 days, I mean what can you earn with a loan given to you in 7 days? There are literally no ways of making a lot of money in 7 days, only if you are like super super lucky and bull run happens right as soon as you get the money and keeps going up until the very last second.

It might not make sense for you but look at this, Rollbit is trying to encourage potential customers to deposit NFT onto their platform with a small benefit of getting loan with the NFT as collateral. Obviously Rollbit is a gambling business not a money lending business so it just doesnt make sense for them to offer you longer period of loan

This is the real point don't be fooled the main focus of rollbit remains on the gambling market they won't write ''borrowers have to gamble here'' It will not happen
But that's the real goal introduce rollbit to NFT users then attract their attention to gamble really a smooth marketing strategy if this program is not profitable Rollbit will definitely close it in the future that's how business goes.

We never know what their reason to do that is but maybe they want to expand their business and use NFT to get more members as they are aware that the trend now is NFT. We have many possibilities or speculations, but it is still an option for gamblers so they do not have to use or follow the offers if they feel that is not right for them. They can just stick to using their usual way without using the offers. I am sure their main strategy is still how to get many more members using many strategies.

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Quote from: shasan on January 14, 2022, 12:12:01 PM

Quote from: arallmuus on January 10, 2022, 03:43:18 PM

https://blog.rollbit.com/introducing-nft-loans/

It is a great news that rollbit has introduced loan system on their platform using Non-Fungible Tokens as collateral. And it is a great milestone for rollbit as well as for the gambling platform. I think others gambling site should allow these types of loan. Many gambler will be benefited for that.

I really congratulate the site and all its managers, because this option will not only guarantee customers and strong traffic, it will also increase the interest of many, because it is an innovative system, it is also a very good strategy for them to give movement to their token, it is a master move, because they are combining loans based on token guarantees, that means that the token will most likely become deflationary in nature quickly and highly valued.

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Quote from: arallmuus on January 18, 2022, 06:18:21 PM

Quote from: barbara44 on January 18, 2022, 06:05:43 PM

Oh, if it is only 7 day period then it makes no sense at all. Loans are not suppose to be just 7 days, I mean what can you earn with a loan given to you in 7 days? There are literally no ways of making a lot of money in 7 days, only if you are like super super lucky and bull run happens right as soon as you get the money and keeps going up until the very last second.

It might not make sense for you but look at this, Rollbit is trying to encourage potential customers to deposit NFT onto their platform with a small benefit of getting loan with the NFT as collateral. Obviously Rollbit is a gambling business not a money lending business so it just doesnt make sense for them to offer you longer period of loan

This is the real point don't be fooled the main focus of rollbit remains on the gambling market they won't write ''borrowers have to gamble here'' It will not happen
But that's the real goal introduce rollbit to NFT users then attract their attention to gamble really a smooth marketing strategy if this program is not profitable Rollbit will definitely close it in the future that's how business goes.

People should be thinking that Rollbit is running a business on here and its just normal that they would really be having that kind of act and perks which they do know that they could
benefit into and of course it would be mixed up with some sort of usage or benefits into those people who do get involved or able to acquire.
They are the first who do apply NFT into gambling business and its surprisingly been effective.

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Quote from: barbara44 on January 18, 2022, 06:05:43 PM

Oh, if it is only 7 day period then it makes no sense at all. Loans are not suppose to be just 7 days, I mean what can you earn with a loan given to you in 7 days? There are literally no ways of making a lot of money in 7 days, only if you are like super super lucky and bull run happens right as soon as you get the money and keeps going up until the very last second.

It might not make sense for you but look at this, Rollbit is trying to encourage potential customers to deposit NFT onto their platform with a small benefit of getting loan with the NFT as collateral. Obviously Rollbit is a gambling business not a money lending business so it just doesnt make sense for them to offer you longer period of loan

barbara44

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Quote from: aysg76 on January 18, 2022, 04:08:06 AM

Quote from: lienfaye on January 18, 2022, 01:37:29 AM

The loan period is 7 days only. If you cant pay the loan during that period then its over. No extension will be given and your NFT will be handed to Rollbit and will be listed at the marketplace (this is based on their support).

Yes you are right on the point that only 7 days period is allotted to payback the loan so we can say that it's short term loan given to the NFT holders(check that are eligible for this) and after that you don't have any right to that NFT and it's already in the Rollbit custody but the point is they become owner of it afterwards.

Oh, if it is only 7 day period then it makes no sense at all. Loans are not suppose to be just 7 days, I mean what can you earn with a loan given to you in 7 days? There are literally no ways of making a lot of money in 7 days, only if you are like super super lucky and bull run happens right as soon as you get the money and keeps going up until the very last second. This we all know would be like a miracle and that is not the way to make money at all. Loans should be at the bare minimum be 6 months at top, sure if you want 1 day loan then you can get it, but at the max level it should be minimum of 6 months, probably 1 to 2 years as well.

The amount of 20-25 year loans for mortgages are through the roof (pun intended lol) and people are building wealth with it, don't tell me that you can't just make some money with that type of loan when banks have been giving them out left and right.

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Quote from: worle1bm on January 18, 2022, 01:31:13 AM

Quote from: Maus0728 on January 18, 2022, 12:58:05 AM

Quote from: Wiwo on January 17, 2022, 01:24:21 PM

An against the option of using your NFT as collateral to get a loan not minding how little the interest may be, loan repayment is not that easy most especially when you don't know what the future holds so instead of taking the risk of using your NFT as collateral [snip...]

Regardless whether you agree or not, there is nothing we can do about Rollbit's NFT Loaning Services, it is the people's prerogative if they are going to use their NFT as a collateral for an X amount of money or not, in fact, it is their own NFT in the first place. I am also sure that people are not blindly making any decision with regards to their finances or assets without weighing the possible trade-offs between risk and reward.

One thing that has always bothered me is what if one of the NFTs eligible for loan committed a rug-pull during the 7-day period? Is that considered a setback for Rollbit?

Yes it's not like that who all own NFT that are eligible for this collateral loan will ask for the loan from the Rollbit team and only those who needs funds in emergency will use this option and this is how it is intended to work at primary level.But suppose you are not in need of funds and take this opportunity and then if you are unable to pay it in time you just lost your NFT which is worse case.So use it wisely.

Depends on certain mindset of an individual but pretty sure that they would really take advantage of that opportunity that they do have and might not intently to pay off that loan in case

but of course Rollbit isnt really just dumb to give out loan amounts but its just really a waste for someone who do think up this way considering on how valuable these rollbot could possibly be.

Use this in emergency imho just like on what been said but i highly doubt that there would quite a number will really be taking this advantage.

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Quote from: lienfaye on January 18, 2022, 01:37:29 AM

The loan period is 7 days only. If you cant pay the loan during that period then its over. No extension will be given and your NFT will be handed to Rollbit and will be listed at the marketplace (this is based on their support).

Yes you are right on the point that only 7 days period is allotted to payback the loan so we can say that it's short term loan given to the NFT holders(check that are eligible for this) and after that you don't have any right to that NFT and it's already in the Rollbit custody but the point is they become owner of it afterwards.

Quote from: lienfaye on January 18, 2022, 01:37:29 AM

Yes. Its an option to encourage the NFT owners to gamble or to continue to gamble if they're running out of funds. But regardless of the reason on why you're taking a loan, as long as you can repay it then its fine.

Most probably this is good thing but funding your gambling budget through this feature could be risky one like what if you lost your wagering amount and are unable to repay it? So this is not at all good but taking some emergency funds through this loan is good move but we all are wise enough to make a choice.

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Quote from: BitcoinHunt3r on January 17, 2022, 01:42:44 PM

Rollbit explains on the blog for a 7-day loan without interest but i don't know how much % if more than 7 days.

The loan period is 7 days only. If you cant pay the loan during that period then its over. No extension will be given and your NFT will be handed to Rollbit and will be listed at the marketplace (this is based on their support).

Quote from: BitcoinHunt3r on January 17, 2022, 01:42:44 PM

If we try to understand what Rollbit purpose of offering loans is to attract NFT holders to play on their site so I believe most of the users who take advantage of this offer are for gamble basically this is what Rollbit is hoping for.

Yes. Its an option to encourage the NFT owners to gamble or to continue to gamble if they're running out of funds. But regardless of the reason on why you're taking a loan, as long as you can repay it then its fine.

worle1bm

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Quote from: Maus0728 on January 18, 2022, 12:58:05 AM

Quote from: Wiwo on January 17, 2022, 01:24:21 PM

An against the option of using your NFT as collateral to get a loan not minding how little the interest may be, loan repayment is not that easy most especially when you don't know what the future holds so instead of taking the risk of using your NFT as collateral [snip...]

Regardless whether you agree or not, there is nothing we can do about Rollbit's NFT Loaning Services, it is the people's prerogative if they are going to use their NFT as a collateral for an X amount of money or not, in fact, it is their own NFT in the first place. I am also sure that people are not blindly making any decision with regards to their finances or assets without weighing the possible trade-offs between risk and reward.

One thing that has always bothered me is what if one of the NFTs eligible for loan committed a rug-pull during the 7-day period? Is that considered a setback for Rollbit?

Yes it's not like that who all own NFT that are eligible for this collateral loan will ask for the loan from the Rollbit team and only those who needs funds in emergency will use this option and this is how it is intended to work at primary level.But suppose you are not in need of funds and take this opportunity and then if you are unable to pay it in time you just lost your NFT which is worse case.So use it wisely.

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Quote from: Wiwo on January 17, 2022, 01:24:21 PM

An against the option of using your NFT as collateral to get a loan not minding how little the interest may be, loan repayment is not that easy most especially when you don't know what the future holds so instead of taking the risk of using your NFT as collateral [snip...]

Regardless whether you agree or not, there is nothing we can do about Rollbit's NFT Loaning Services, it is the people's prerogative if they are going to use their NFT as a collateral for an X amount of money or not, in fact, it is their own NFT in the first place. I am also sure that people are not blindly making any decision with regards to their finances or assets without weighing the possible trade-offs between risk and reward.

One thing that has always bothered me is what if one of the NFTs eligible for loan committed a rug-pull during the 7-day period? Is that considered a setback for Rollbit?

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Quote from: Wiwo on January 17, 2022, 01:24:21 PM

Quote from: arallmuus on January 17, 2022, 12:07:08 PM

Quote from: dezoel on January 17, 2022, 07:59:19 AM

10k is not really a small amount.

Up to 10k and it depends on the NFT that you are using as collateral so if you NFT only worth 1k on average then you are only getting around that number as your loan.

Quote from: dezoel on January 17, 2022, 07:59:19 AM

That's EASY loan, you take it, you buy some good coins with it that pays you staking amounts as well, and then you wait for it to skyrocket.

Or you can just keep your NFT without using it as collateral because your NFT might be alot more valuable as well. There is no reason to get a loan by using your NFT as collateral unless you really need it. If you plan on defaulting your collateral then I dont see why you would need to do that as you can always choose to sell your NFT normally in Rollbit's NFT Marketplace

An against the option of using your NFT as collateral to get a loan not minding how little the interest may be, loan repayment is not that easy most especially when you don't know what the future holds so instead of taking the risk of using your NFT as collateral I will advise you if not for a case of emergency, you should rather hold your NFT since it's an asset for long term goal, but if there is another steady source of loan repayment without having to look to the collateral then you can go ahead to get the loan.

Rollbit explains on the blog for a 7-day loan without interest but i don't know how much % if more than 7 days. If we try to understand what Rollbit purpose of offering loans is to attract NFT holders to play on their site so I believe most of the users who take advantage of this offer are for gamble basically this is what Rollbit is hoping for. I admit Rollbit is keen to see opportunities and open up the market I'm not surprised if they continue to grow.

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Quote from: arallmuus on January 17, 2022, 12:07:08 PM

Quote from: dezoel on January 17, 2022, 07:59:19 AM

10k is not really a small amount.

Up to 10k and it depends on the NFT that you are using as collateral so if you NFT only worth 1k on average then you are only getting around that number as your loan.

Quote from: dezoel on January 17, 2022, 07:59:19 AM

That's EASY loan, you take it, you buy some good coins with it that pays you staking amounts as well, and then you wait for it to skyrocket.

Or you can just keep your NFT without using it as collateral because your NFT might be alot more valuable as well. There is no reason to get a loan by using your NFT as collateral unless you really need it. If you plan on defaulting your collateral then I dont see why you would need to do that as you can always choose to sell your NFT normally in Rollbit's NFT Marketplace

An against the option of using your NFT as collateral to get a loan not minding how little the interest may be, loan repayment is not that easy most especially when you don't know what the future holds so instead of taking the risk of using your NFT as collateral I will advise you if not for a case of emergency, you should rather hold your NFT since it's an asset for long term goal, but if there is another steady source of loan repayment without having to look to the collateral then you can go ahead to get the loan.

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Quote from: dezoel on January 17, 2022, 07:59:19 AM

10k is not really a small amount.

Up to 10k and it depends on the NFT that you are using as collateral so if you NFT only worth 1k on average then you are only getting around that number as your loan.

Quote from: dezoel on January 17, 2022, 07:59:19 AM

That's EASY loan, you take it, you buy some good coins with it that pays you staking amounts as well, and then you wait for it to skyrocket.

Or you can just keep your NFT without using it as collateral because your NFT might be alot more valuable as well. There is no reason to get a loan by using your NFT as collateral unless you really need it. If you plan on defaulting your collateral then I dont see why you would need to do that as you can always choose to sell your NFT normally in Rollbit's NFT Marketplace

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Quote from: aysg76 on January 17, 2022, 05:16:46 AM

Quote from: Strongkored on January 17, 2022, 02:23:48 AM

I am sure in this loan section is only filled with people who borrow with high amount because the collateral is also has high value so there is no loan interest even though in just 7 days this is quite interesting, and it is very likely to attract many users to try it, as you said not only for gambling but also something urgent.

The NFT holders can borrow upto $10k without contacting support and above that they have to ask the team but can be approved.But it's not necessary they all will borrow big amounts only as they have said you can borrow it upto that amount and loan will be given according to your need.The interest free loan is of 7 days only and have to repay it within that time frame otherwise they will sell it.So be careful also and take loan if you can repay it timely.

10k is not really a small amount. I mean if we are talking about repayments, we need to look at how long it is given and not the interest rate all that much (surely interest rate is important too). So, let's assume that you are given a chance to pay in 2-3 years? That's EASY loan, you take it, you buy some good coins with it that pays you staking amounts as well, and then you wait for it to skyrocket.

In the next 2-3 years, almost all coins (not shitcoins) will have a 2x situation one day, that is something I really trust, that is why all of my investment is in crypto. Income part is very important because we need to also pay the debt back as well without dropping our coin count. So if you can handle that, you are going to be doing fine. It is still a very tough situation and you may lose all of your money AND the NFT you gave, but that is a risk that you take anyway.

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Quote from: Strongkored on January 17, 2022, 02:23:48 AM

I am sure in this loan section is only filled with people who borrow with high amount because the collateral is also has high value so there is no loan interest even though in just 7 days this is quite interesting, and it is very likely to attract many users to try it, as you said not only for gambling but also something urgent.

The NFT holders can borrow upto $10k without contacting support and above that they have to ask the team but can be approved.But it's not necessary they all will borrow big amounts only as they have said you can borrow it upto that amount and loan will be given according to your need.The interest free loan is of 7 days only and have to repay it within that time frame otherwise they will sell it.So be careful also and take loan if you can repay it timely.

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Quote from: aysg76 on January 16, 2022, 07:36:31 AM

Quote from: lienfaye on January 16, 2022, 12:12:33 AM

Actually its not different if you borrow on banks or other lending companies. They will ask for collateral and its up to you whether you still want to pay the loan or give up the collateral as your payment, if you choose the latter then the company will benefited from it.

This new feature of Rollbit is meant for NFT holders, they can take advantage the offer if they're in need of money and repay it later on.

Its a good move for Rollbit because they can also help their gamblers (who are in need of money) by having their own 7 days NFT loans feature without fees and charge.

Good to see that players can get 7 days without interest loan if they are in need and that also upto $10k and above that you can contact support also for the same.This is some sort of emergency fund by the Rollbit to the players for short period of time like you can have it for any purpose and player's would be taking advantage of this loan features.

I am sure in this loan section is only filled with people who borrow with high amount because the collateral is also has high value so there is no loan interest even though in just 7 days this is quite interesting, and it is very likely to attract many users to try it, as you said not only for gambling but also something urgent.

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Quote from: dezoel on January 16, 2022, 04:47:28 PM

Quote from: worle1bm on January 16, 2022, 01:57:44 AM

We will see how they handle the default loan case and what precautions they take in that case but as they have already clearly mentioned in their loan blog how all this process will be handled the default case arising seems minimal to me.So they will not be in loss most probably.

They will probably never be in a loss, even if the loans are defaulted. I have seen way too many people do it even here, literally on bitcointalk, and manage to make some money from it over a year long period. So if regular people can do it here, then rollbit will definitely be able to do it as well. Plus, the NFT they are getting is their own, so they sold it and now they will sell it again so they know how much it can go for.

This means we are talking about a place that will end up with a much better return to the investment for them. If you are getting a 100 dollar worth of NFT which was paid 200 dollars by someone and give 50 dollar loan, then you know you are going to be in profit in the end.

That's what i was also saying that if they have came up with this loan feature then they must have thought how to handle the default loans as they have everything in mind.They will be selling out these NFT on the open market with same amount or holding it and gaining profits on them so it's no loss situation for the team.

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