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Topic: Snipie's gambling investment test - page 2. (Read 6449 times)

legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
February 24, 2021, 11:23:24 AM
From your image, I see you made much investment in LTC and Dogecoin. I see that you get a nice profit from the investment, but unfortunately, that will not give you the profit since Yolodice wants to close their site. That is sad news to the investor, a gambler and the participants. But we can not say anything because I think Ethan has another reason that we do not know. At least, you can satisfy with your investment in the end.
I talked a little in page 3 and so, about these investments but most of it was only for few days Wink

Now this is really confirmed as ethan_nx finally closed the Signature campaign for YoloDice

Thanks you so much for these 4 years, it's been a great campaign. YOLOdice would not be the same without YOU! Special thanks to Moglie for running the campaign. And perhaps see you next time!!!

Cheers,
Ethan
This means anytime now the thread will be locked and everyone needs to move on .

I have watched this thread from the beginning and i Want to congratulate OP for the great venture, though this proves that Investing in Gambling sites are not profitable that much .

This may serve as example and basis for those who are looking for same kind of investing.
Yeah Ethan already announced that the campaign is no longer in from the previous week. Many participants kept the signature for the moment but we will end by removing it since the service will no longer be available unfortunately.

The invested amount kept dropping but slowly. 4 days left
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
February 24, 2021, 05:16:06 AM
Now this is really confirmed as ethan_nx finally closed the Signature campaign for YoloDice

Thanks you so much for these 4 years, it's been a great campaign. YOLOdice would not be the same without YOU! Special thanks to Moglie for running the campaign. And perhaps see you next time!!!

Cheers,
Ethan
This means anytime now the thread will be locked and everyone needs to move on .

I have watched this thread from the beginning and i Want to congratulate OP for the great venture, though this proves that Investing in Gambling sites are not profitable that much .

This may serve as example and basis for those who are looking for same kind of investing.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
February 24, 2021, 04:32:57 AM
From your image, I see you made much investment in LTC and Dogecoin. I see that you get a nice profit from the investment, but unfortunately, that will not give you the profit since Yolodice wants to close their site. That is sad news to the investor, a gambler and the participants. But we can not say anything because I think Ethan has another reason that we do not know. At least, you can satisfy with your investment in the end.
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
February 23, 2021, 12:05:30 PM
Yeah not much time left + bankroll getting smaller everyday so higher share + some whales are trying their last shots, today a guy won +1.5 BTC for example SO I decided to close my investment. [1]
1.) How does it work in general lol? I do not remember the news that some whale lost that kind of money. I am becoming more and more suspicious ...
I know at least one who joined recently (The_Last_Hunt) and made +1.9 BTC. In the chart you can find recent up and down which is very bad for investors since they won't recover what they lost when up = down, they need a bigger profit to recover any deep.

If you didn't closed the investment, you could be in loss right now because bankroll keep smaller due to people panic selling and also want move their money to somewhere else.

Thanks for all informations you have updated until now, snipie
True, with the 2 deep in the chart I would definitely turn negative by now.

Thanks everyone for your kind words Smiley
Table 2 updated. 5 days left.
legendary
Activity: 2366
Merit: 1130
February 23, 2021, 10:28:35 AM
If you didn't closed the investment, you could be in loss right now because bankroll keep smaller due to people panic selling and also want move their money to somewhere else.

Thanks for all informations you have updated until now, snipie
sr. member
Activity: 1512
Merit: 316
February 23, 2021, 08:54:32 AM
Good to see that atleast you did not end up in a loss, because know that in between some whale made a huge btc win but probably was setoff after the same person or other lost in few days. Probably now few last times people are trying their luck and playing with big multiplier due to which some lucky ones are making it big. But on other hand investors funds are sinking with the win of the big whales.

Thanks for the constantly updating each week rigorously.

sr. member
Activity: 2618
Merit: 439
February 23, 2021, 08:15:10 AM
You only have short time to take out your investment mate hope you'll make it in time , as the decision of Ethan and Scott seems to be fixed and won't be changed .
Yeah not much time left + bankroll getting smaller everyday so higher share + some whales are trying their last shots, today a guy won +1.5 BTC for example SO I decided to close my investment.
Great decision you made here mate because there is no good future as the journey is near to end ,but this was a Nice months of your gambling career i believe , your experience and effort are one of the best.
Quote

Thanks everyone for following this topic for months, we have, as investors, very good moments and sad ones.
No instead we must be the one who thank you because of the challenge you take.
Quote

final record  and the end has come .
sr. member
Activity: 1680
Merit: 379
Top Crypto Casino
February 22, 2021, 11:28:02 PM
This was a really interesting experiment. Once the wagering volume started going down it did not seem like it was worth remaining a part of the bankroll. I feel bad for investors who lost the majority of their investment. People have compared this to investing in an unprofitable company that decided to shut down. If YOLOdice was more like a company then I think a change in leadership might have been more appropriate rather than leaving investors holding the bag. Unfortunately, with gambling there is a lot of anonymity involved and you can't just change ownership suddenly to someone that has no reputation.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
February 22, 2021, 07:51:36 PM
-snip-
Thank you for sharing your investments too snipie. That's experience of yours is helpful for those who wants to invest into a casino bankroll.
Your experience will give them an idea how it looks like to invest on them without expecting them a lot and it won't surprise them, in negative and positive way.
legendary
Activity: 2352
Merit: 1903
Leading Crypto Sports Betting & Casino Platform
February 22, 2021, 04:20:29 PM
Yeah not much time left + bankroll getting smaller everyday so higher share + some whales are trying their last shots, today a guy won +1.5 BTC for example SO I decided to close my investment. [1]

Thanks everyone for following this topic for months, we have, as investors, very good moments and sad ones.
My conclusions after this mid term experience are : investing doesn't equal winning all the time, do not invest more than what you afford to lose and you have to study a bit the service to minimise the risk.
I will try to monitor and update the second table to see the shrinkage of the bankroll. Good luck everyone Smiley [2]

Edit: adding the last photos
https://i.imgur.com/PuTBeST.jpg
https://i.imgur.com/dY1BMFs.jpg

1.) How does it work in general lol? I do not remember the news that some whale lost that kind of money. I am becoming more and more suspicious ...

2.) Thank you very much for this thread, I followed it with interest and I can say that it is very valuable for everyone who is interested in this topic because it gives real information with all the hidden problems and surprises.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
February 22, 2021, 02:12:02 PM
Congratulations on your test and thanks for sharing it with the public. Some time ago I thought about investing at YoloDice, but I saw they *ate* 2% of the initial investment at the beginning, so I realized it could be a wrong move while bitcoin was moving up so fast. Sadly YoloDice is going to close and I don't see another bankroll casino investment option besides Bitvest, but it would be interesting to see this kind of public investment still going on this year in another casino.
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
February 22, 2021, 10:48:04 AM
You only have short time to take out your investment mate hope you'll make it in time , as the decision of Ethan and Scott seems to be fixed and won't be changed .
Yeah not much time left + bankroll getting smaller everyday so higher share + some whales are trying their last shots, today a guy won +1.5 BTC for example SO I decided to close my investment.

Thanks everyone for following this topic for months, we have, as investors, very good moments and sad ones.
My conclusions after this mid term experience are : investing doesn't equal winning all the time, do not invest more than what you afford to lose and you have to study a bit the service to minimise the risk.
I will try to monitor and update the second table to see the shrinkage of the bankroll. Good luck everyone Smiley

Edit: adding the last photos

sr. member
Activity: 2618
Merit: 439
February 22, 2021, 05:21:46 AM
In any case, I see that your share has reached an all-time high - 0.011155%, I hope this will increase your earnings.
And it is rising constantly apparently!
I updated both tables again since there is a huge change especially in the invested amount which dropped by 11 BTC in just 2 days. 10 of those BTC were retracted by investors!
It was maybe some people aware of the closing of Yolodice before its official announcement? Huh
Do you think there are some risks to not being able to withdraw your investment without losses?
Nope, i do believe they don't know too if Yolodice will suspense on March 1. They just simply withdrew their money because bitcoin price has reached new ATH, convert it to fiat or USD.
You can withdraw (divest) your investment anytime you want without delution fee on Yolodice.
Yeah I doubt ordinary people are aware of this move. Dunno if admins moved some funds but I believe most investors retracted it as janggernaut said, to convert it to FIAT.
I will try to update the table daily until February 28, 2021 or when I decide to close.
Edit: update both tables.
You only have short time to take out your investment mate hope you'll make it in time , as the decision of Ethan and Scott seems to be fixed and won't be changed .
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
February 22, 2021, 12:30:15 AM
Investing in the crypto gambling site is too risky because we never know how high the coins will increase.
You seem to be right, it may be the reason why some big casinos like Stake are not offering these kind of investments... Maybe they think it's too risky for the investors and they don't want to be seen as bad actors.  Undecided
We do not know what is their reason closing their site. If they become too busy and they think that they can not handle their site and have a new business in their real life or online life, it is normal if they close the site. But yes, the risk for their investors will be something that they will think because without the investors, they are nothing.

In general, all this makes me very suspicious of the honesty of these investment projects.
Investing in the crypto gambling site is too risky because we never know how high the coins will increase.
You seem to be right, it may be the reason why some big casinos like Stake are not offering these kind of investments... Maybe they think it's too risky for the investors and they don't want to be seen as bad actors.  Undecided

If the investment is received honestly, then it makes no difference how much the coin grows. 1 bitcoin is always one bitcoin. But if the owners of the project are not honest, then this really starts to matter - greed will not allow them to return the coins that have risen in price.
And as I see, project owners have different strategies for "squeezing" investments - firstly, how to check the whale was lucky or the casino owner himself "won" from the investors?
Secondly, read how snipie lost a significant share of his profits (this can be seen on about 19 page).
We do not know how to check who will be lucky, but the casino really makes money from the gamblers. We already see that the crypto gambling site's investment has a risk that every gambler must know, so we do not have to depend on the investment because we have other ways to earn money. I am sure that it is a tough decision that the Stake's team because they already in the crypto gambling business for a long time ago.
legendary
Activity: 2352
Merit: 1903
Leading Crypto Sports Betting & Casino Platform
February 21, 2021, 06:09:00 PM
In general, all this makes me very suspicious of the honesty of these investment projects.
Investing in the crypto gambling site is too risky because we never know how high the coins will increase.
You seem to be right, it may be the reason why some big casinos like Stake are not offering these kind of investments... Maybe they think it's too risky for the investors and they don't want to be seen as bad actors.  Undecided

If the investment is received honestly, then it makes no difference how much the coin grows. 1 bitcoin is always one bitcoin. But if the owners of the project are not honest, then this really starts to matter - greed will not allow them to return the coins that have risen in price.
And as I see, project owners have different strategies for "squeezing" investments - firstly, how to check the whale was lucky or the casino owner himself "won" from the investors?
Secondly, read how snipie lost a significant share of his profits (this can be seen on about 19 page).

legendary
Activity: 2604
Merit: 2353
February 21, 2021, 12:54:19 PM
Yeah I saw it and I am not sure about his BTC amount, I think he missed a zero or two.
-snip
Unfortunately he doesn't seem to have miss one zero, he just confirmed a loss of 17k $  Embarrassed

In general, all this makes me very suspicious of the honesty of these investment projects.
Investing in the crypto gambling site is too risky because we never know how high the coins will increase.
You seem to be right, it may be the reason why some big casinos like Stake are not offering these kind of investments... Maybe they think it's too risky for the investors and they don't want to be seen as bad actors.  Undecided
legendary
Activity: 2366
Merit: 1130
February 21, 2021, 10:27:30 AM
Well done! You seem to still be able to exit your funds without being at loss and even being positive  Smiley
Then I don't understand why some members like arisatox are complaining on the Yolodice thread about losing large amounts of money  Undecided

If you ever made an investment on any gambling site, you should know the answer. The reason only because he is unlucky because when he invested his money, whale won a lot and then it affected his investment goes negative and also site decided to close while his investment still hasn't recovered. That's one of risk to invest our money on a gambling site and he never ready for it. He has thought like this " gambling site will always win, so if i invest my money, i will surely ended up profit"
legendary
Activity: 2352
Merit: 1903
Leading Crypto Sports Betting & Casino Platform
February 21, 2021, 09:12:43 AM
Then I don't understand why some members like arisatox are complaining on the Yolodice thread about losing large amounts of money  Undecided

i really wish this wasnt true. i stuck in the site because i hoped that my investments would at least go back to what they were. instead, it is shutting down and i am minus on all 3 investments

-0.214 btc
-1.476 ltc
-98,889 doge
~

I think the reasons for his indignation are obvious. We all know that the casino always wins at a distance. the more the bets, the more the casino will win, this is a strict mathematics that cannot be somehow bypassed. And after a person plays on the side of the casino and receives losses on all investments, what other emotions can he experience.
In general, all this makes me very suspicious of the honesty of these investment projects.
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
February 21, 2021, 07:54:36 AM
-snip-
Yeah I saw it and I am not sure about his BTC amount, I think he missed a zero or two.
It depends when he joined the race, if you check the first table, people who joined after week 16 are most likely to be in loss. Worst, those who joined after week 20 are in bigger losses. For example, in week 28, I personally lost less than half my earnings in just 2 days.. If he invested a bigger amount then he might suffered a bigger loss.
I stayed positive thanks to week 12-16 gains when Mr X lost a huge number of BTC while gambling, otherwise I would definitely be red.
Right now I admit it is risky to stay and I might regret not withdrawing earlier. I want to see how things will be in the next coming days. I might ofc close it if I panic at any moment Smiley
legendary
Activity: 2604
Merit: 2353
February 21, 2021, 07:38:39 AM
In any case, I see that your share has reached an all-time high - 0.011155%, I hope this will increase your earnings.
And it is rising constantly apparently!
I updated both tables again since there is a huge change especially in the invested amount which dropped by 11 BTC in just 2 days. 10 of those BTC were retracted by investors!
It was maybe some people aware of the closing of Yolodice before its official announcement? Huh
Do you think there are some risks to not being able to withdraw your investment without losses?
Nope, i do believe they don't know too if Yolodice will suspense on March 1. They just simply withdrew their money because bitcoin price has reached new ATH, convert it to fiat or USD.
You can withdraw (divest) your investment anytime you want without delution fee on Yolodice.
Yeah I doubt ordinary people are aware of this move. Dunno if admins moved some funds but I believe most investors retracted it as janggernaut said, to convert it to FIAT.
I will try to update the table daily until February 28, 2021 or when I decide to close.
Edit: update both tables.
Well done! You seem to still be able to exit your funds without being at loss and even being positive  Smiley
Then I don't understand why some members like arisatox are complaining on the Yolodice thread about losing large amounts of money  Undecided

i really wish this wasnt true. i stuck in the site because i hoped that my investments would at least go back to what they were. instead, it is shutting down and i am minus on all 3 investments

-0.214 btc
-1.476 ltc
-98,889 doge

this is the worst investment i have ever made and now that it is disappearing it is just a loss

meanwhile the site has made for the owners

+430.917 btc
+6,946 ltc
+109,684,179 doge
+4,305 eth

so they have made tons of commission while a lot of us lost a lot of our investments. if we were still on the old method of profit sharing i think we would actually be ahead instead of so negative. our investments pretty much just went into the hands of the site owners

at todays prices the site has made the owners $41 million just since going to the new model if we include eth totals in there
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