Should I invest in bitcoin casinos? - page 45.

Fatanut

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Quote from: BTCLovingDude on April 26, 2016, 10:10:27 AM

Quote from: Fatanut on April 26, 2016, 09:42:42 AM

If I had enough money to invest or create my own bitcoin casino, I think I would go for it. I've never heard of a bitcoin casino going bankrupt because the players are so good at it. You might lose some of your capital if a player finds a bug so you have to make sure that you've got a good dev so it can easily be fixed. Roll Eyes

i think it can be both a good and a bad idea.
because having the funds is not the only part of having a successful casino. you have to find something that is niche, and then hire some good developers if you don't know how to do it yourself.

in the end if you don't choose a good niche and if you don't know how to promote your service you will lose more money.

I'm pretty sure all of this are the work of a developer. If the design of the bitcoin casino is bad, people won't play that much. But if you've got a pretty creative and skillful dev that can fix bugs right away. Then bitcoin casinos might work for investments.

And for promotion, if you've got a referral/affiliate program, people will advertise/promote your website by themselves.

Hatuferu

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Quote from: lite on April 26, 2016, 10:49:07 AM

Quote from: Galiatram on April 26, 2016, 04:18:08 AM

Quote from: cashwarrior01 on March 16, 2016, 02:30:33 AM

I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

I don't think it's worth. Maybe you will get some profit if you invest in a small upcoming Bit coin casino,
but the most of them are to big. So you have to spend much more then $3000 USD in it to get something back.

Never invest in new/upcoming casino/dice sites, they'll take the money and run away. investing in trusted gambling site like betking,moneypot etc. is a good idea. you'll profit but the amount of profit will be extremely low.

That's the reality of investment, if you invest with a low return then the risk would likely be low also. Don't be greedy there is no easy money in this gambling world. Regardless of the amount you earn as long as you are consistently earning it then you will have a profitable future ahead of you.

lite

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Quote from: Galiatram on April 26, 2016, 04:18:08 AM

Quote from: cashwarrior01 on March 16, 2016, 02:30:33 AM

I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

I don't think it's worth. Maybe you will get some profit if you invest in a small upcoming Bit coin casino,
but the most of them are to big. So you have to spend much more then $3000 USD in it to get something back.

Never invest in new/upcoming casino/dice sites, they'll take the money and run away. investing in trusted gambling site like betking,moneypot etc. is a good idea. you'll profit but the amount of profit will be extremely low.

Kartikay

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"Investing" in casinos is a good option because the house always wins(in my experience). Even if some people earn huge amount in gambling then also the site remains in profit. Investing in moneypot.com is an option that you could take into consideration. It actually used to handle bankrolls.

BTCLovingDude

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Quote from: Fatanut on April 26, 2016, 09:42:42 AM

If I had enough money to invest or create my own bitcoin casino, I think I would go for it. I've never heard of a bitcoin casino going bankrupt because the players are so good at it. You might lose some of your capital if a player finds a bug so you have to make sure that you've got a good dev so it can easily be fixed. Roll Eyes

i think it can be both a good and a bad idea.
because having the funds is not the only part of having a successful casino. you have to find something that is niche, and then hire some good developers if you don't know how to do it yourself.

in the end if you don't choose a good niche and if you don't know how to promote your service you will lose more money.

Fatanut

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If I had enough money to invest or create my own bitcoin casino, I think I would go for it. I've never heard of a bitcoin casino going bankrupt because the players are so good at it. You might lose some of your capital if a player finds a bug so you have to make sure that you've got a good dev so it can easily be fixed. Roll Eyes

Hatuferu

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Quote from: hua_hui on April 26, 2016, 08:49:45 AM

Quote from: RussianRaibow on April 26, 2016, 08:09:30 AM

Since gambling odds are for the house, it seems like it would be a good investment, but I honestly think there are a lot better things to invest in instead. Just invest in good growth stock mutual funds that have a good long term track record. You could get up to 12% interest.

which growth stock or mutual funds are you invested in? i am interested but i thought those usually 5-8%. That seems to be in my case.

I also wanted to try that, is their any such that would accept bitcoins as investment. Kindly share it here including the full details and I ma pretty sure that would only not help the OP of this thread but also for the avid followers of this thread.

hua_hui

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Quote from: RussianRaibow on April 26, 2016, 08:09:30 AM

Since gambling odds are for the house, it seems like it would be a good investment, but I honestly think there are a lot better things to invest in instead. Just invest in good growth stock mutual funds that have a good long term track record. You could get up to 12% interest.

which growth stock or mutual funds are you invested in? i am interested but i thought those usually 5-8%. That seems to be in my case.

RussianRaibow

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I AM A SCAMMER

Since gambling odds are for the house, it seems like it would be a good investment, but I honestly think there are a lot better things to invest in instead. Just invest in good growth stock mutual funds that have a good long term track record. You could get up to 12% interest.

Nameless Coin

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Investing in the bitcoins is pretty good and sweet if you ask me, investing can let you earn a lot of money but keep in mind you need to invest in a trusted party always never just invest in something because.

SparkedDev

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I'd say go for it, im head mod at bitvest and the investors which are few have earned very nice returns.
The investment is around 70 btc right now, but the killer part is you don't have to wait that 24 hours to pull your investment.
You can pull out anytime you like, just realize you share the risk with other users so if a massive win hits its not just you who gets hit.

This link will explain everything you need to know.
https://bitcointalksearch.org/topic/bitvest-invest-in-a-gambling-site-1375103

If you had a large chunk of coins its a very good way to gain profit fast.

bitcoinhopper

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Quote from: cashwarrior01 on March 16, 2016, 02:30:33 AM

I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

I would not invest the whole $3000 because that is allot of money when you are not even sure about the case. I would first invest $1000 and see how it goes.
If you are satisfied with how it goes you can always invest more.

Galiatram

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Quote from: cashwarrior01 on March 16, 2016, 02:30:33 AM

I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

I don't think it's worth. Maybe you will get some profit if you invest in a small upcoming Bit coin casino,
but the most of them are to big. So you have to spend much more then $3000 USD in it to get something back.

Altcoinsupporter

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Quote from: goldcoinminer on April 26, 2016, 12:38:04 AM

Quote from: risedark2 on April 26, 2016, 12:11:12 AM

Yes investing is worth it, I have invested a lot and gained a lot of profit, but anyways its very low to be honest.

It is only low when you invested only low, try increasing your investment and you can rip the fruits of you labor in the future. My tip is if you have only few coins or money try to invest in a casino where not yet known to the public as you will have a good percentage of sharing in the pot money.

Investing in Bitcoin casinos can be risky and that bad thing is that you also dont even know what can happen with the currency itself so that is already risky mate.
But the only thing that you have to do with Bitcoin is also wait for a better value and take an action when you are for sure that you can make profit.

If you are dont doing that than the chance will be also high that you can lose some money and that would be not good for you.

virtualkeybuyer

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Quote from: cashwarrior01 on March 16, 2016, 02:30:33 AM

I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

it is up to you, if you have collected that amount for investing in any casino or for any other gambling then you will do what you have suggested for yourself,

Actually we don't know that you are going to gambling for entertainment or earning money, I think you should have to adopt any other way for earning and at casino you should have to go only for entertainment.

Jasad

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= jasad =

Quote from: cashwarrior01 on March 16, 2016, 02:30:33 AM

I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

if calculated,you have 6.4BTC and more,its not little amount,but also not a big amount for invest in casino sites,i think casino site need more funds to run smoothly and profitable,but if you not the only one person who invest on that site,its will good.

goldcoinminer

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Quote from: risedark2 on April 26, 2016, 12:11:12 AM

Yes investing is worth it, I have invested a lot and gained a lot of profit, but anyways its very low to be honest.

It is only low when you invested only low, try increasing your investment and you can rip the fruits of you labor in the future. My tip is if you have only few coins or money try to invest in a casino where not yet known to the public as you will have a good percentage of sharing in the pot money.

risedark2

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Yes investing is worth it, I have invested a lot and gained a lot of profit, but anyways its very low to be honest.

Zooplus

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Quote from: Gubzy on April 25, 2016, 09:27:05 AM

It's like they say the house always wins, but kinda like what the 2nd poster said someone can come in and win a ton of money and there goes your investment.

In investing, that is what you called a business risk. Every investors especially in gambling must already understand the risk associated in this kind of venture. You invest in gambling because you are expecting a high yield return therefore convince ourselves that the risk is high. But don't worry go on the advantage is on you. And take note, only invest what you can afford to lose.

Gubzy

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★777Coin.com★ Fun BTC Casino!

It's like they say the house always wins, but kinda like what the 2nd poster said someone can come in and win a ton of money and there goes your investment.

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