Snipie's gambling investment test - page 3.

snipie

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Quote from: janggernaut on February 21, 2021, 12:57:05 AM

Quote from: Saint-loup on February 20, 2021, 07:50:56 PM

Quote from: snipie on February 19, 2021, 06:10:18 AM

Quote from: KTChampions on February 18, 2021, 04:17:16 PM

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.

janggernaut

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Quote from: Saint-loup on February 20, 2021, 07:50:56 PM

Quote from: snipie on February 19, 2021, 06:10:18 AM

Quote from: KTChampions on February 18, 2021, 04:17:16 PM

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.

Saint-loup

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Quote from: snipie on February 19, 2021, 06:10:18 AM

Quote from: KTChampions on February 18, 2021, 04:17:16 PM

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?

snipie

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Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Quote from: KTChampions on February 18, 2021, 04:17:16 PM

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!

KTChampions

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Quote from: snipie on February 18, 2021, 09:30:58 AM

Quote from: KTChampions on February 17, 2021, 07:17:29 PM

It is quite interesting to observe how with each growth wave the amount of investment continues to decrease. Are investors really trying to lock in profits from rising prices or are they no longer trusting casinos? Illogical behavior in my opinion.

I have no clue for real, only speculation about people cashing out their funds to avoid losses or maybe to convert it to FIAT / other cryptocurrencies. Anyway between yesterday and today there was another drop of 1 BTC and the profit is 42k satoshi currently...

It would be logical for me to invest an asset that is growing and exit from an asset that is falling.
But maybe in this case, when bitcoin grows, its growth rate is so much higher than the return on investment that investors cease to consider it significant.
In any case, I see that your share has reached an all-time high - 0.011155%, I hope this will increase your earnings.

snipie

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Quote from: KTChampions on February 17, 2021, 07:17:29 PM

It is quite interesting to observe how with each growth wave the amount of investment continues to decrease. Are investors really trying to lock in profits from rising prices or are they no longer trusting casinos? Illogical behavior in my opinion.

I have no clue for real, only speculation about people cashing out their funds to avoid losses or maybe to convert it to FIAT / other cryptocurrencies. Anyway between yesterday and today there was another drop of 1 BTC and the profit is 42k satoshi currently...

KTChampions

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Quote from: snipie on February 17, 2021, 11:17:39 AM

Update both tables.
Profit are quite stable from a month around 55k +/- 2k satoshi most of the time. The currently invested amount is dropping continuously reaching 46% of the max amount that I was able to record.

It is quite interesting to observe how with each growth wave the amount of investment continues to decrease. Are investors really trying to lock in profits from rising prices or are they no longer trusting casinos? Illogical behavior in my opinion.

snipie

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Update both tables.
Profit are quite stable from a month around 55k +/- 2k satoshi most of the time. The currently invested amount is dropping continuously reaching 46% of the max amount that I was able to record.

snipie

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Quote from: peter0425 on February 10, 2021, 08:00:23 AM

You started the thread back in June 2020 when the price of Bitcoin is still ranging from 9,000$ - 9,500$ meaning with the Hype that happens your profit runs to almost 500$ ? but if the bull did not go this far then your profit would be around 100$ or a little high?
well that's too small considering that your investment has been running for more than half a year.
But as long as you are enjoying then Yeah continue the flame mate, and Goodluck .

Thanks, that's why I said that the real investment is bitcoin Wink

Quote from: janggernaut on February 10, 2021, 07:45:15 AM

Many people have divested their bitcoin & dogecoin from yolodice since price pumping recently. Whales also seems scared to bet big before pump happened, they are prefer to keep/hold or even sell some from their coins because we have reached new ATH for both coins.

Since your investment is mostly growing because of bitcoin price skyrocketed (based on $) , do you think this is the best time to divest and sell your coin, OP?

Yeah true many divested their coins, I assume the house did this too for cash.
For divesting, I prefer to keep running this experience as long as possible until my profit turns red (or almost) or when I could no longer keep it updated. For the price I still believe that bitcoin could skyrocket more and more

peter0425

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Quote from: snipie on February 10, 2021, 06:05:06 AM

Weekly update for both tables. There is a tiny increase in the profit and the share while the currently invested amount is dropping steadily.
Considering the amount I started with BTC0.0123/$121.7 and the actual one BTC0.01287396/$600.6 then the total profit is currently $478.9 thanks to the ATH of BTC/$, which makes the ROI in $= ~500% vs 4.6% in BTC.
The real investment is bitcoin

You started the thread back in June 2020 when the price of Bitcoin is still ranging from 9,000$ - 9,500$ meaning with the Hype that happens your profit runs to almost 500$ ? but if the bull did not go this far then your profit would be around 100$ or a little high?
well that's too small considering that your investment has been running for more than half a year.
But as long as you are enjoying then Yeah continue the flame mate, and Goodluck .

janggernaut

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Many people have divested their bitcoin & dogecoin from yolodice since price pumping recently. Whales also seems scared to bet big before pump happened, they are prefer to keep/hold or even sell some from their coins because we have reached new ATH for both coins.

Since your investment is mostly growing because of bitcoin price skyrocketed (based on $) , do you think this is the best time to divest and sell your coin, OP?

snipie

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Weekly update for both tables. There is a tiny increase in the profit and the share while the currently invested amount is dropping steadily.
Considering the amount I started with BTC0.0123/$121.7 and the actual one BTC0.01287396/$600.6 then the total profit is currently $478.9 thanks to the ATH of BTC/$, which makes the ROI in $= ~500% vs 4.6% in BTC.
The real investment is bitcoin

snipie

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Updated both tables.
After 8 months of investing, the ROI is +4.5% (with a maximum of +13.2%). My BTC share passed 0.01% for the first time along with recording the lowest volume (currently invested) and the lowest opened investments + investors since many months. However if we compare the currently invested amount in USD to what used to be then the difference will be even positive.

snipie

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Updated the table.
Obviously the negative downtrend is continuing. A late spike due to someone losing 1 coin made the drop look less intense than what I used to see earlier (BTC0.0004).
Waiting for the upcoming contest to see if it will nullify my profit or save the ~"half year".

snipie

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Quote from: Tytanowy Janusz on January 24, 2021, 01:38:02 PM

Quote from: snipie on January 24, 2021, 10:01:39 AM

A review of them is good indeed. Being a part of the house will make investors win or lose along with the site which makes investment = gambling. Some people prefer to lend their money to the site and get commission instead making their investment secure and increase wherever the site is winning. Dunno if this type of investment is used somewhere but after this quite long run, I feel disappointed by the current concept.

Isn't it because of bitcoin bull run? I mean that rapid bitcoin movements gives investors enough emotions - gambling is not needed. Low volume affect the final result to be more exposed to extreme cases (like whale gambler). Are there any statistic about volume on yolodice? Did it drop significant?

My analysis: the big rise of bitcoin price led certain people to close their investment and potentially cash out in fiat, which led to a big drop in the volume, fall in the number of opened investments and investors (see table 2 in the second post of this topic). Obviously, the share of the remaining investors increased, mine +30% approximately. Of course this can be good or bad depending from the gain/losses of gamblers. If we count the catastrophic effect of the BTC contest and a lucky whale, then those 2 events crashed badly our investments, some of us even turned red..

Tytanowy Janusz

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Quote from: snipie on January 24, 2021, 10:01:39 AM

A review of them is good indeed. Being a part of the house will make investors win or lose along with the site which makes investment = gambling. Some people prefer to lend their money to the site and get commission instead making their investment secure and increase wherever the site is winning. Dunno if this type of investment is used somewhere but after this quite long run, I feel disappointed by the current concept.

Isn't it because of bitcoin bull run? I mean that rapid bitcoin movements gives investors enough emotions - gambling is not needed. Low volume affect the final result to be more exposed to extreme cases (like whale gambler). Are there any statistic about volume on yolodice? Did it drop significant?

snipie

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Quote from: ?? on ??

There is some of gambling sites offer an investment to us, so we need to grab this and make a review of what gambling websites is good to invest and comparing the profit that investors get on every gambling sites they made investment so we can choose who is better to put our money. Youlodice is one of the good invesyment gambling that I can recommended to us.

A review of them is good indeed. Being a part of the house will make investors win or lose along with the site which makes investment = gambling. Some people prefer to lend their money to the site and get commission instead making their investment secure and increase wherever the site is winning. Dunno if this type of investment is used somewhere but after this quite long run, I feel disappointed by the current concept.

FinneysTrueVision

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Quote from: snipie on January 23, 2021, 06:17:35 PM

Quote from: onrise on January 23, 2021, 11:53:03 AM

In coming update you will see some more drop in your profits as couple of days back, somebody was lucky enough to win a BTC. My ROI is now down to -7.5%. the last competition held in btc resulted a huge drop and now only such big whales who can come back and play might help to change the scenario else will be quite stable around this marks only.

Yeah indeed. I noticed it 2 days ago and decided to monitor it before updating the table mid-week.. Unfortunately the drop was quite significant and I am on +0.00047511 btc with 3.8% ROI... Things are getting worse lately and I am afraid from the next competition which is supposed to occur soon?

I doubt they would do competitions in BTC back to back. If they do BTC or Doge, which are the coins I'm invested in, I hope it is a 'biggest loser' competition. Some time ago they had a competition and the winners were the players that had the biggest losses.

snipie

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Quote from: onrise on January 23, 2021, 11:53:03 AM

In coming update you will see some more drop in your profits as couple of days back, somebody was lucky enough to win a BTC. My ROI is now down to -7.5%. the last competition held in btc resulted a huge drop and now only such big whales who can come back and play might help to change the scenario else will be quite stable around this marks only.

Yeah indeed. I noticed it 2 days ago and decided to monitor it before updating the table mid-week.. Unfortunately the drop was quite significant and I am on +0.00047511 btc with 3.8% ROI... Things are getting worse lately and I am afraid from the next competition which is supposed to occur soon?

onrise

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In coming update you will see some more drop in your profits as couple of days back, somebody was lucky enough to win a BTC. My ROI is now down to -7.5%. the last competition held in btc resulted a huge drop and now only such big whales who can come back and play might help to change the scenario else will be quite stable around this marks only.

Topic: Snipie's gambling investment test - page 3. (Read 6449 times)