Should I invest in bitcoin casinos? - page 47.

pereira4

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Quote from: prtty2gal2 on April 21, 2016, 08:45:20 AM

Quote from: upsidedown75 on April 20, 2016, 02:22:28 AM

Quote from: DeathAngel on April 11, 2016, 11:19:09 AM

If you have money to invest then just put it into bitcoin. Please not to casinos or sportsbooks investment, too many times sites scam & close stealing all investors funds.

Perfect. Casino or betting sites are almost similar when you are considering for investment. If you want to go by taking 100% risk for your investment money then you can invest into any gambling house. If you want 0% risk, then you must go for bitcoins investments only.

What you mean by those BITCOIN INVESTMENTS only ? I think investing in gambling sites also come into that. Anyways investing is always good and you must check moneypot, they have a big database of users who gamble through various sites.

I think he meant OP should spend $3000 to buy bitcoin and hold until price is raise up, still can be called bitcoin investment.
Just usual hold and sell when it's high trick Roll Eyes

And i think it's safer than invest in bitcoin casino where a gambler might win a jackpot, they got hacked or they run away with investor's and user's money.

The problem is knowing when it's high. You might want to sell at 1000 USD when we reach it on the next pump, but maybe it goes to 4000, and you sell at 1000, which means you have lost the opportunity to make tons of times.

Granted, you made some money, but the feeling of bitterness at not having held for longer is painful, I have experienced it before. This is why im a very long term holder only.

prtty2gal2

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Quote from: upsidedown75 on April 20, 2016, 02:22:28 AM

Quote from: DeathAngel on April 11, 2016, 11:19:09 AM

If you have money to invest then just put it into bitcoin. Please not to casinos or sportsbooks investment, too many times sites scam & close stealing all investors funds.

Perfect. Casino or betting sites are almost similar when you are considering for investment. If you want to go by taking 100% risk for your investment money then you can invest into any gambling house. If you want 0% risk, then you must go for bitcoins investments only.

What you mean by those BITCOIN INVESTMENTS only ? I think investing in gambling sites also come into that. Anyways investing is always good and you must check moneypot, they have a big database of users who gamble through various sites.

BitMaxz

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Quote from: gtglener on April 20, 2016, 12:46:14 PM

Quote from: beduku22 on April 20, 2016, 07:45:13 AM

Good to make an investment, but it can be really risky if you are investing in Bitcoin casinos because the thing is that you will never know what can happen with your money.

but if you are playing on those games where it require your intelligence to win then, you may know better that what will happen before you invest there.

Its still risky either you invest or to gamble it. better to find other way to make a profit.. like trading buy cheap altcoin and sell high..
Or start a business like captcha typing in raiblocks pay in bitcoin and wait for the release of mrai once it release in the market and i think you can make more profits for that..

gtglener

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Quote from: beduku22 on April 20, 2016, 07:45:13 AM

Good to make an investment, but it can be really risky if you are investing in Bitcoin casinos because the thing is that you will never know what can happen with your money.

but if you are playing on those games where it require your intelligence to win then, you may know better that what will happen before you invest there.

mtnsaa

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In my opinion no, I think the best way to invest your money is lending it on a exchange like Poloniex. While you'll be definitely exposed to some risks, like the exchange getting "hacked" or similar, you know you will be get paid and you know how much exactly. Now the lending rates are a little lower (0.05% per day) but they used to be around 0.1% and that means it's almost 50% annual rate!

Red-Apple

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Quote from: DuckKeeper on April 20, 2016, 08:44:36 AM

It will not that smart to make an investment because in gambling you never know what will happen with the value and that is the problem because it is too risky for that.
The best thing is just save some money and just wait a little longer for a good price increase.

i think you need to read the topic again with more attention.

this is not about investing in "gambling" it is investing in "gambling casino" or in other words investing in their "bankroll".

and as it was mentioned before, although this is still risky, it can be a good investment with a decent profit.

eternalgloom

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Quote from: DuckKeeper on April 20, 2016, 08:44:36 AM

It will not that smart to make an investment because in gambling you never know what will happen with the value and that is the problem because it is too risky for that.
The best thing is just save some money and just wait a little longer for a good price increase.

I disagree, it could be quite lucrative to invest a small portion of your Bitcoins in trusted gambling sites for a short period.
Crypto prices are rising and earnings are good with gambling related investments.

thejaytiesto

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Well if you are willing to gamble money in casinos, you might as well want to be willing to be able to invest in the casino infrastructure. With investors, we wouldn't be able to enjoy gambling, so I think it's wrong to call them all a scam. There are some good companies out there doing a good work and you might make some profit. You mush have to do the research yourself.

hua_hui

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well i would suggest to invest on moneypot. so far it is backed up with people of high reputation and they are putting in a lot of effort to improve the system. It has many resources to gather the bets from different places and it has a huge btc bankroll to tank the bets and restriction to prevent wipe out.

RobinHoodster

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It is a gamble you do not know how the casino is going to do, if you are somewhat sure that you are going to make your money back why not. But if you are not sure your self I would not do it and invest in something else.

DuckKeeper

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It will not that smart to make an investment because in gambling you never know what will happen with the value and that is the problem because it is too risky for that.
The best thing is just save some money and just wait a little longer for a good price increase.

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Quote from: goldcoinminer on April 19, 2016, 07:58:09 PM

Quote from: jakelyson on April 19, 2016, 07:44:11 PM

Making the right investment is a hard choice. With so much online gambling sites available, choosing one of them.is really hard. If you really want to invest on an online casino, you better research all the online casinos around. You can't just pick randomly. You need to study their financial status, stability and how long they have been in the business. Good luck with your venture.

This is a good advice and I wanna add something that is also necessary prior to starting investing, just do invest with a amount that you can afford to loss, although online investment in casino are highly profitable but the risk associated is also high.

That is correct too. Because sometimes investments take time to make profit, be sure that you will not be needing immediately the money you invest. If you do, you might pull it out of the investment before it even mature and make profit for you. Make sure you have money saved for emergency so you won't be relying on invested capital when the need arises.

beduku22

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Good to make an investment, but it can be really risky if you are investing in Bitcoin casinos because the thing is that you will never know what can happen with your money.

sured44

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Quote from: HarryKPeters on April 20, 2016, 04:29:46 AM

Investing in bitcoin casino's can be pretty good but keep in mind it also has some risks because its not a thing you can just do you also should do some research if you are investing.
Overall it can be really profitable if you invested in the right casino that is also trusted here on the forums.

Gambling has a big chance of losing but still you have a chance of winning. It is still on OP and everyones decision and I'm just giving my opinion.

gizane

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Quote from: rickadone on April 20, 2016, 06:02:28 AM

Quote from: darewaller on April 20, 2016, 05:50:15 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

Expect a return of wagered amount multiplied by house edge / 100 as that is the general calculation. I would say the best sites to invest are like crypto-games.com and bitdice.me

Invest has no harm often but the worry starts when you invest in a potential scam site. You must make sure that enough bankroll is there in site already that they wont scam you. Like if a site has 500 BTC bankroll they wont scam you for your 1 btc invest.

Yes they wont scam your 1 btc investment but they might run away with all of 500 btc bankroll, you really need gather more information before you make an investment. There is always up and down for investment and most investment are always take longer time to profit

rickadone

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Quote from: darewaller on April 20, 2016, 05:50:15 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

Expect a return of wagered amount multiplied by house edge / 100 as that is the general calculation. I would say the best sites to invest are like crypto-games.com and bitdice.me

Invest has no harm often but the worry starts when you invest in a potential scam site. You must make sure that enough bankroll is there in site already that they wont scam you. Like if a site has 500 BTC bankroll they wont scam you for your 1 btc invest.

darewaller

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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

Expect a return of wagered amount multiplied by house edge / 100 as that is the general calculation. I would say the best sites to invest are like crypto-games.com and bitdice.me

HarryKPeters

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Investing in bitcoin casino's can be pretty good but keep in mind it also has some risks because its not a thing you can just do you also should do some research if you are investing.
Overall it can be really profitable if you invested in the right casino that is also trusted here on the forums.

Sidas_Crew669

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Quote from: The Arcitect on April 20, 2016, 03:10:01 AM

That should be enough to get you started.
I saw a dice site being sold in auctions thread a few days ago for around your budget price.

A pretty good idea, but the way it will be futile if he can't control the site that recently he got. Because of the gambling system have to do some checking, if not then these sites can be exposed to Hacking by gamblers who have been frustrated because it always failed/could be a site that dikelolanya will get a sizable losses.

The Arcitect

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That should be enough to get you started.
I saw a dice site being sold in auctions thread a few days ago for around your budget price.

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