Snipie's gambling investment test - page 6.

Saint-loup

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Quote from: Mahdirakib on December 11, 2020, 09:24:05 AM

Quote from: Saint-loup on December 11, 2020, 08:04:18 AM

Sorry for this layman question but your ROI is computed in $ or in BTC? Because I don't understand how it can decrease while you are earning more BTC Huh

~

His ROI computed in btc. Probably you making mistake to realize the summary. His initial investment was 0.0123BTC. End btc column shows that how much balance he have after each week(including profit/loss with initial investment). And it goes up and down as gambler makes loss/profit. BTC added column isn't progressive. It is the difference between his initial investment and his end balance after each week. In week 26 his overall profit was 0.00134202BTC without initial investment. In week 27 his overall profit slightly decreased at 0.00123004BTC. As a result the ROI have been decreased.

Quote from: snipie on December 11, 2020, 10:04:58 AM

Quote from: Saint-loup on December 11, 2020, 08:04:18 AM

Sorry for this layman question but your ROI is computed in $ or in BTC? Because I don't understand how it can decrease while you are earning more BTC Huh

TYVM for sharing your detailed experience with us.

Yes as Mahdirakib said. I put in the table my initial investment then "plus" or "minus" a number which is what I "earned" or "lost" according to my initial balance, of course in bitcoin and in $. Obviously the dollar number might increase although the BTC's one falling, since the price of BTC/USD is high now. You can find too in "End BTC" the total I gained in BTC which you can convert in $ to compare it with the initial fund.
So today I have a total of 0.01353796 BTC = $243.2 comparing to $121.7 at that time when I opened my investment. My ROI in bitcoin is 10% but in USD is 100% thanks to the huge jump of BTC/USD pair.

Thank you very much for your explanations, it's more clear for me now TY

Quote from: coupable on December 11, 2020, 03:36:43 PM

Quote from: FinneysTrueVision on December 10, 2020, 09:16:33 PM

The past few weeks have not been so great for investors. With there being a competition for the next few days, Bitcoin investments will be paused for this period. I am losing faith in being able to get good returns by investing with this casino. As much as I like YOLOdice, 10% profit in a little over six months does not seem worth the risk of having someone run off with your money.

I don't also agree with your last note.
First, 10% profit over six months isn't that bad considering that you don't have to spend any effort, it's just like storing our money in a bank account which makes you also get a portion from general profit.
Second, Yolodice is most known gambling platform which let users to invest within the platform and get a share from house profit. I know about their investment program since many years and didn't ever see a complaint about it. No one will run off with your money.

I agree with you 10% for 6 month, is a high ROI.
On Freebitcoin you can "only" earn 4.1% APY(but it's guaranteed) and it's one of the highest rate you can find on platforms.

snipie

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Quote from: kamadazje on December 15, 2020, 05:22:17 PM

Upon checking this kind of investment, I became interested and curious. I decided to check the stats in dicesites.com but I guess I miss the most important part which is to check whether that certain casino is earning or not in weekly basis.

Your ROI is not that bad even if there are consecutives losses, you were able to regain it as you have received a consecutive green starting from week 10 up until the present. May I know if what are more profitable in investing to Yolodice? using eth, ltc, doge or btc?

There isn't a constant growth nor a profitable coin in investment in reality.
LTC investors suffered a huge losses twice, the recent one was only few weeks ago and people lost like 70-80% of their initial investment unfortunately. Additionally at the end of this month, the push (35%) that the site offers will come to an end..
Doge investment is very volatile and you can easily get more than 10% in short term then - 20% just after. Few days ago I remember people reported bad results.
For ETH, there isn't investment plans for the moment.
For BTC, it is less volatile unless there is a whale playing or a competition running like the actual one where my investment is dropping.
Investing is like gambling. The site can win 20 BTC in a week for example while your investment is negative that week especially if your share increased when the site is losing then decreased when it starts winning. It is a bit complicated but I want just say that stats aren't as simple as it looks and never ever invest what you aren't afford to lose. Think about it like tossing a coin every second, at the end of the day you can win like you can lose.

kamadazje

jr. member

Activity: 209

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Upon checking this kind of investment, I became interested and curious. I decided to check the stats in dicesites.com but I guess I miss the most important part which is to check whether that certain casino is earning or not in weekly basis.

Your ROI is not that bad even if there are consecutives losses, you were able to regain it as you have received a consecutive green starting from week 10 up until the present. May I know if what are more profitable in investing to Yolodice? using eth, ltc, doge or btc?

stadus

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Quote from: FinneysTrueVision on December 11, 2020, 09:33:06 PM

Quote from: coupable on December 11, 2020, 03:36:43 PM

I don't also agree with your last note.
First, 10% profit over six months isn't that bad considering that you don't have to spend any effort, it's just like storing our money in a bank account which makes you also get a portion from general profit.
Second, Yolodice is most known gambling platform which let users to invest within the platform and get a share from house profit. I know about their investment program since many years and didn't ever see a complaint about it. No one will run off with your money.

With a bank at least your money is insured. You also don't have to worry about being down 20% as is the case with my recent Dogecoin investment. There are certain tradeoffs to be made but I prefer the option that is safest. There is never a guarantee that they won't run off with your money. People have thought the same thing about other casinos and it still happened.

Your money is insured but you are not investing in a bank, what percentage will it give you when putting your money in the bank? you might might earn a little interest but your money will eventually hit by inflation, hence, it's value will drop.

Investing is risky, but it's the only way to grow your money, you need to take the risk and play it well, yes, you should still play it well though literally you are not playing but investing.

FinneysTrueVision

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Quote from: coupable on December 11, 2020, 03:36:43 PM

I don't also agree with your last note.
First, 10% profit over six months isn't that bad considering that you don't have to spend any effort, it's just like storing our money in a bank account which makes you also get a portion from general profit.
Second, Yolodice is most known gambling platform which let users to invest within the platform and get a share from house profit. I know about their investment program since many years and didn't ever see a complaint about it. No one will run off with your money.

With a bank at least your money is insured. You also don't have to worry about being down 20% as is the case with my recent Dogecoin investment. There are certain tradeoffs to be made but I prefer the option that is safest. There is never a guarantee that they won't run off with your money. People have thought the same thing about other casinos and it still happened.

Twentyonepaylots

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Good to see you're earning mad bucks through Yolodice, but what exactly are we trying to accomplish right here? Are you selling Yolodice to other members of this forum? If that's so then please do share with us a strategy or a technique you used to make the most out of your investment.

Quote from: KTChampions on December 11, 2020, 05:58:18 PM

Quote from: snipie on December 10, 2020, 08:23:46 AM

Updated the table.
-BTC1.5, won by a whale?, drove the profit down this week.
~

Uh, unpleasant event. If I correctly understand the statistics that is kept in the first post, then because of this event we returned a month back (in terms of profit)? I wonder how fast the recovery will take place, as I see the amount of investments is not growing, perhaps this will help in the recovery.

Of course it's bound to recover, it's bitcoin after all. You just have to put your faith in it. And 1.5 isn't really something so massive unlike the tens of thousands of bitcoins corporations are buying to ride the cryptocurrency wave.

KTChampions

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Quote from: snipie on December 10, 2020, 08:23:46 AM

Updated the table.
-BTC1.5, won by a whale?, drove the profit down this week.
~

Uh, unpleasant event. If I correctly understand the statistics that is kept in the first post, then because of this event we returned a month back (in terms of profit)? I wonder how fast the recovery will take place, as I see the amount of investments is not growing, perhaps this will help in the recovery.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: mardaed on December 11, 2020, 12:02:26 PM

I was really moved, and I really want to start investing now. I think that this has a good ROI, anyone who could enlighten as to what is the amount of investment ideal for making casino investment?

When it comes to ROI then it wont really be that similar on other investment yet you can somewhat assure that you're with the house which do always win in the end.

Basing into those numbers in OP then you will really see on how potential on investing on gambling site houses but well theres always the risk accompanied with it.

In the question on how much you should invest? Then its up to you but be sure you would invest on the amount that you can afford to lose.

coupable

hero member

Activity: 2338

Merit: 757

Quote from: FinneysTrueVision on December 10, 2020, 09:16:33 PM

The past few weeks have not been so great for investors. With there being a competition for the next few days, Bitcoin investments will be paused for this period. I am losing faith in being able to get good returns by investing with this casino. As much as I like YOLOdice, 10% profit in a little over six months does not seem worth the risk of having someone run off with your money.

I don't also agree with your last note.
First, 10% profit over six months isn't that bad considering that you don't have to spend any effort, it's just like storing our money in a bank account which makes you also get a portion from general profit.
Second, Yolodice is most known gambling platform which let users to invest within the platform and get a share from house profit. I know about their investment program since many years and didn't ever see a complaint about it. No one will run off with your money.

snipie

legendary

Activity: 3178

Merit: 1140

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Quote from: mardaed on December 11, 2020, 12:02:26 PM

I was really moved, and I really want to start investing now. I think that this has a good ROI, anyone who could enlighten as to what is the amount of investment ideal for making casino investment?

The amount you could afford to lose above the minimum required to start investment for each coin and each service. That's the only answer that I am convinced with after months of investing.

Quote from: BTCGOLD on December 11, 2020, 10:19:13 AM

By the way, I think that gambling is not an investment, but just real gambling. When investing, it is usually the intention that you get money back with some degree of certainty.
That is not always the case with gambling.

Yeah indeed it is gambling more than investing. There is no guarantee that you will get profits in short or even long term. It is actually passively playing against other players and hope they will keep losing all the time.

mardaed

full member

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I was really moved, and I really want to start investing now. I think that this has a good ROI, anyone who could enlighten as to what is the amount of investment ideal for making casino investment?

BTCGOLD

sr. member

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By the way, I think that gambling is not an investment, but just real gambling. When investing, it is usually the intention that you get money back with some degree of certainty.
That is not always the case with gambling.

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Quote from: Saint-loup on December 11, 2020, 08:04:18 AM

Sorry for this layman question but your ROI is computed in $ or in BTC? Because I don't understand how it can decrease while you are earning more BTC Huh

TYVM for sharing your detailed experience with us.

Yes as Mahdirakib said. I put in the table my initial investment then "plus" or "minus" a number which is what I "earned" or "lost" according to my initial balance, of course in bitcoin and in $. Obviously the dollar number might increase although the BTC's one falling, since the price of BTC/USD is high now. You can find too in "End BTC" the total I gained in BTC which you can convert in $ to compare it with the initial fund.
So today I have a total of 0.01353796 BTC = $243.2 comparing to $121.7 at that time when I opened my investment. My ROI in bitcoin is 10% but in USD is 100% thanks to the huge jump of BTC/USD pair.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: snipie on December 11, 2020, 05:30:12 AM

although I am thinking to close it much often than weeks ago. I don't see much interactions and people interesting about it, at the opposite, our earnings aren't doing well lately and this competition will freeze our investment for 7 days... So the same thing will be repeated 1 week every 3-4 weeks? This is not good for us...

that is same sentiments what is people talking in @Yatsan thread in which there is no gaining all in all and there are also someone discouraging investors to try this a you both made an example about what is the most will happen.

So maybe try to consider closing and since there is a possibilities of having Bull better use the amount to invest in other coins in which the chance of gaining is much higher than this.

But nice try,you did your best Budz.

Mahdirakib

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Quote from: Saint-loup on December 11, 2020, 08:04:18 AM

Sorry for this layman question but your ROI is computed in $ or in BTC? Because I don't understand how it can decrease while you are earning more BTC Huh

~

His ROI computed in btc. Probably you making mistake to realize the summary. His initial investment was 0.0123BTC. End btc column shows that how much balance he have after each week(including profit/loss with initial investment). And it goes up and down as gambler makes loss/profit. BTC added column isn't progressive. It is the difference between his initial investment and his end balance after each week. In week 26 his overall profit was 0.00134202BTC without initial investment. In week 27 his overall profit slightly decreased at 0.00123004BTC. As a result the ROI have been decreased.

Saint-loup

legendary

Activity: 2604

Merit: 2353

Sorry for this layman question but your ROI is computed in $ or in BTC? Because I don't understand how it can decrease while you are earning more BTC Huh

TYVM for sharing your detailed experience with us.

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

@Fredomago, I will try my best to keep it updated, although I am thinking to close it much often than weeks ago. I don't see much interactions and people interesting about it, at the opposite, our earnings aren't doing well lately and this competition will freeze our investment for 7 days... So the same thing will be repeated 1 week every 3-4 weeks? This is not good for us...

Fredomago

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janggernaut

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Quote from: FinneysTrueVision on December 10, 2020, 09:16:33 PM

The past few weeks have not been so great for investors. With there being a competition for the next few days, Bitcoin investments will be paused for this period. I am losing faith in being able to get good returns by investing with this casino. As much as I like YOLOdice, 10% profit in a little over six months does not seem worth the risk of having someone run off with your money.

Actually few months (my investment also still on negative right now). Currently Yolodice has running bitcoin competition with 0.5 btc prize for 30 lucky user who earned biggest profit in 7 days.
I can say if you have made 10% profit on 6 months, it's still a good return. You can compare it with interest in bank or another investment which offer you lower % interest than 10%.

About your last word, i disagree with that, there are lot of people who invested sum of huge amount on Yolodice, because for them yolodice is one of trusted gambling site (they have been already over 4 years now in gambling industry)

FinneysTrueVision

sr. member

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The past few weeks have not been so great for investors. With there being a competition for the next few days, Bitcoin investments will be paused for this period. I am losing faith in being able to get good returns by investing with this casino. As much as I like YOLOdice, 10% profit in a little over six months does not seem worth the risk of having someone run off with your money.

Topic: Snipie's gambling investment test - page 6. (Read 6449 times)