Updated both tables.
No big changes as usual. A slightly drop was noted but not that significant in our profits, opened investments and investors number.
Topic: Snipie's gambling investment test - page 4. (Read 6449 times)
. Now the same amount of profit/loss by gamblers will create more impact in your invested funds than before. I hope you will stay for a long time with your investment without following others.The wagering volume for BTC is still really low so the impact has not been so severe on our ROI. We are only continuing to see investments slowly losing profit.
. Now the same amount of profit/loss by gamblers will create more impact in your invested funds than before. I hope you will stay for a long time with your investment without following others.
. Now the same amount of profit/loss by gamblers will create more impact in your invested funds than before. I hope you will stay for a long time with your investment without following others.
Updated the table.
Currently the invested amount is stable but the number of investors and investment is dropping steadily..
The profit recovered a little bit after a drop down to 0.0005 BTC, to stabilise in +0.00065 BTC.
The most significant change during this week is obviously the share rate increasing to 0.0099%.
Currently the invested amount is stable but the number of investors and investment is dropping steadily..
The profit recovered a little bit after a drop down to 0.0005 BTC, to stabilise in +0.00065 BTC.
The most significant change during this week is obviously the share rate increasing to 0.0099%.
Updated both tables.
Since the price is high, the number of investors and the amount invested continued its dropping to the lowest number since the beginning of my record months ago!
Otherwise our profits are quite stable overall.
Since the price is high, the number of investors and the amount invested continued its dropping to the lowest number since the beginning of my record months ago!
Otherwise our profits are quite stable overall.
Thanks for the regular update
It is interesting if a bear market starts, will we see the opposite trend (whether the number of investors and the amount of investments will increase). In fact, this algorithm (withdrawal of investments when the price of the invested asset rises) seems strange to me. It seems to me that when we invest and get a double profit (from the investment and from the increase in the price of the asset) is the best option.
Right now some people are in hurry to sell their coins for different reasons. Admins might sell some to cover their expenses in site management or for real life things. Other people reached their target ATH and decided it is time to sell.
Right now I see a whale grabbing 2 BTC from the site and the currently invested amount is dropping badly to 129.70583037 BTC, I will update the 2nd table tho!
Updated both tables.
Since the price is high, the number of investors and the amount invested continued its dropping to the lowest number since the beginning of my record months ago!
Otherwise our profits are quite stable overall.
Since the price is high, the number of investors and the amount invested continued its dropping to the lowest number since the beginning of my record months ago!
Otherwise our profits are quite stable overall.
Thanks for the regular update
It is interesting if a bear market starts, will we see the opposite trend (whether the number of investors and the amount of investments will increase). In fact, this algorithm (withdrawal of investments when the price of the invested asset rises) seems strange to me. It seems to me that when we invest and get a double profit (from the investment and from the increase in the price of the asset) is the best option.
The investment amount would be dropped more as the price keep increasing until now. Most of investors have withdrawn their investment on all coins as i can see it from lower max bet and lower current investment.
Yeah almost forgot about max bet but what you said is very accurate, in fact the currently invested amount is 173.70763575 BTC which is 5.4 BTC lower than what used to be 2 days ago!! Updated both tables.
Since the price is high, the number of investors and the amount invested continued its dropping to the lowest number since the beginning of my record months ago!
Otherwise our profits are quite stable overall.
The investment amount would be dropped more as the price keep increasing until now. Most of investors have withdrawn their investment on all coins as i can see it from lower max bet and lower current investment. Since the price is high, the number of investors and the amount invested continued its dropping to the lowest number since the beginning of my record months ago!
Otherwise our profits are quite stable overall.
Updated both tables.
Since the price is high, the number of investors and the amount invested continued its dropping to the lowest number since the beginning of my record months ago!
Otherwise our profits are quite stable overall.
Since the price is high, the number of investors and the amount invested continued its dropping to the lowest number since the beginning of my record months ago!
Otherwise our profits are quite stable overall.
Depends from how big people bet on yolodice. If they keep bet with huge bets and almost all of those bets are loss, that's mean investment can recover much faster than waiting for years. Ethan ever said on chat, when bitcoin investment down years ago, it only took few months to recover back because whale losses 50 btc just in those few months
It is not so easy for that scenario to repeat itself. The max bet profit has been lowered to under 1 BTC and while having it so low can protect investors from large sudden drops it also keeps whales from losing very large amounts over a short period of time.
Updated the table.
Our profit didn't change a lot this week and the invested amount in the bankroll is at its lowest since weeks. I believe it can be related to people cashing out to profit from the high price.
Our profit didn't change a lot this week and the invested amount in the bankroll is at its lowest since weeks. I believe it can be related to people cashing out to profit from the high price.
This long term profit looks more and more distant. With the price of Bitcoin going up, it looks like not many people are willing to risk their BTC on YOLOdice. Gamblers can get really good profit simply by hodling. Litecoin and Dogecoin are performing better for investors but many people, depending on when they opened their investment, might still be trying to recover from massive losses. For those people still in the red, profiting in the long term could mean having to wait another year or two.
I do think about that too but there are gamblers that wouldn't be deterred by the increase in prices, you might call them high rollers. Investing in this gambling site is a good thing because even if most days it is red, the fact that you are still an investor remains and it means that green days will soon be in your hands. Most of the losses that I have seen are not that damaging to the investor, and if you are planning to invest then you have to make sure that you will have an emergency in the case that the profit is not coming in for awhile. For those people still in the red, profiting in the long term could mean having to wait another year or two.
Depends from how big people bet on yolodice. If they keep bet with huge bets and almost all of those bets are loss, that's mean investment can recover much faster than waiting for years. Ethan ever said on chat, when bitcoin investment down years ago, it only took few months to recover back because whale losses 50 btc just in those few months 
Till now user have wagered more than 49.8k btc at yolodice. For the 1% house edge we can see the expected profit at investor page. But the actual profit is lower than expected. We know, in the long run house edge always bring back the profit for casino. So there is high possibility that if you guys hold your investment for more longer, it will bring significant amount of profit. I hope ‘snipie’ will hold his investment for long term unless he need the coin urgently.
This long term profit looks more and more distant. With the price of Bitcoin going up, it looks like not many people are willing to risk their BTC on YOLOdice. Gamblers can get really good profit simply by hodling. Litecoin and Dogecoin are performing better for investors but many people, depending on when they opened their investment, might still be trying to recover from massive losses. For those people still in the red, profiting in the long term could mean having to wait another year or two.
but you cant stop other peoples decision if they do stick out with this gambling house options in spite of the ROI that they can potentially gain on without minding much on how
long it would takes. Some will be seeing this to be not worth but we know that house do always wins in the end, returns might not be big but if its on a constant manner then
that would already be considerable. Its nice to see those greens or gains that had been putted up in op.
Till now user have wagered more than 49.8k btc at yolodice. For the 1% house edge we can see the expected profit at investor page. But the actual profit is lower than expected. We know, in the long run house edge always bring back the profit for casino. So there is high possibility that if you guys hold your investment for more longer, it will bring significant amount of profit. I hope ‘snipie’ will hold his investment for long term unless he need the coin urgently.
This long term profit looks more and more distant. With the price of Bitcoin going up, it looks like not many people are willing to risk their BTC on YOLOdice. Gamblers can get really good profit simply by hodling. Litecoin and Dogecoin are performing better for investors but many people, depending on when they opened their investment, might still be trying to recover from massive losses. For those people still in the red, profiting in the long term could mean having to wait another year or two.
Very right. Investing into casinos isn't like investing in crowd fundings that you'll get the most after just a couple of days that it has launched. This investment really requires a lot of patience and first weeks result aren't your best results, expect them to be wavy or even at loss.
That's why the longer term you'll be in this investment, the better progress you'll get.
Wont really be an assurance but somehow you are really on that advantageous side since you are with the house which we know that it do always wins in the end.That's why the longer term you'll be in this investment, the better progress you'll get.
This would really be a bumpy ride since not all days where house is taking advantage.There are players or whales that can wreck up on sites profits which would really
mainly affect investors money.
Some said that he should make up some take profit earlier? If you do go for short term duration then you would do that but if op's view will not matter into this
current gains or losses then its up to him on when he would make out such decision.
Having huge wins made by whales, that happens for sometimes but not all the time. So if ever there's a whale that have won, you don't have to do anything and let it flow with the losses, as you also take loss with the house.
I must say that I really noticed that you did not earn on the first few weeks of your investment. And if I were on your shoes at the time, I would have withdrawn my investments in a snap. It is a good thing that I have seen your list and I now realised that by making this investment with dice games, I would definitely earn in the long run. I have gained confidence and leaner to have faith to make such investment even if there would be no progress in the first weeks.
If you decided to withdraw your investment just in few weeks after you invested, you can't be an investor. Investing isn't make you suddenly rich or double or tripled your money in very short time. If you looking OP stats, he is only +5% from 18 weeks invested on Yolodice. Best way to invest your money, just invest your money and forgot about itThat's why the longer term you'll be in this investment, the better progress you'll get.
This would really be a bumpy ride since not all days where house is taking advantage.There are players or whales that can wreck up on sites profits which would really
mainly affect investors money.
Some said that he should make up some take profit earlier? If you do go for short term duration then you would do that but if op's view will not matter into this
current gains or losses then its up to him on when he would make out such decision.
I must say that I really noticed that you did not earn on the first few weeks of your investment. And if I were on your shoes at the time, I would have withdrawn my investments in a snap. It is a good thing that I have seen your list and I now realised that by making this investment with dice games, I would definitely earn in the long run. I have gained confidence and leaner to have faith to make such investment even if there would be no progress in the first weeks.
If you decided to withdraw your investment just in few weeks after you invested, you can't be an investor. Investing isn't make you suddenly rich or double or tripled your money in very short time. If you looking OP stats, he is only +5% from 18 weeks invested on Yolodice. Best way to invest your money, just invest your money and forgot about itThat's why the longer term you'll be in this investment, the better progress you'll get.
Updated both tables. No major changes in our profit after the competition.
Yeah indeed it requires a lot waiting time and sniping the best opportunity to withdraw.
The bitcoin competition which has now ended has actually costs almost 5% of drop in our investment on site as towards the last couple of days of competition some big whales enter the game and luckily also won their bets and resulted in drop in bankroll and in our investment as well. Now its going to take a while to recover since generally nobody goes big with bitcoin in bets and until they lose the returns will not rise.Yeah indeed it requires a lot waiting time and sniping the best opportunity to withdraw.
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