Topic: 🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021 - page 87. (Read 143533 times)

Actually it does not really mean about the doubt or not, what really matter is about the traffic and how well they manage the site, or may be about their support team as well. There is so many factors about people want to do into this investment, if in the end they can outcome this, I would say that everything is already complete and your investment will keep on raising as well

You are right, but things get ugly if people have multiple investments (with overlapping "open" period) and you cannot track which funds go where. At least not in an easy way :-(

Oh yeah, you're right. It would be hard to track your original investment when closing and reopening invesments. Calculating manually based on total profits using your known investment amount seems like the easiest option to calculate all time ROI for now.

I suppose you could possibly do something where you subtract the previous investment returns from the next investment amount to try and track the original investment amount:

For Scenario A

(1 BTC + (1.1 BTC  - 0.1 BTC  ) ) / 2 = 1 BTC invested

Not sure how complex that would get or if it is worth doing, but it could potentially work.

It's not straightforward when calculating ROI for all closed investments. It's quite easy for open ones: you just take all currently invested funds, take their profit and calculate the ratio

sum(profit)/sum(initially_invested)

For closed investments... imagine this:

Scenario A
1. you invest 1 BTC. The investment earns 0.1 BTC
2. you close the investment
3. you open a new investment using your 1.1 BTC, the investment earns  0.11 BTC
4. you close this investment and take 1.21 BTC out

This way you had 2 investments. Now each of the investments had ROI of 10%. But if you sum the investments' profits (0.1 BTC + 0.11 BTC) and initial amounts (1 BTC + 1.1 BTC) you get

ROI = 0.21 / 2.1 = 0.1 = 10%

Fine. But is it your real ROI over time? Consider this, a very similar situation:

Scenario B:
1. you invest 1 BTC. The investment earns 0.1 BTC
2. you DON'T close this investment this time
3. the investment earns 0.11 BTC.
4. now you close it.

Now the initial investment was 1 BTC, the profit was 0.21 BTC, so

ROI = 0.21 / 1.0 = 0.21 = 21%

Which is your REAL ROI. You invested 1 BTC and earned 0.21. The problem is that if you look at Scenario A your real ROI should also be 21% - you also invested 1 BTC and earned 0.21 BTC. The only difference is that in Scenario A you close and re-open the investment, which changes the naively-calculated ROI.

See where the problem is? When you close and re-open investments with the same funds, ROI is not a good indication any more. At least not the way we calculate it.

I was thinking about calculating ROIs and weighting the results by the time the investments were opened, but I did not come to any reasonable conclusion.

If you have any ideas how to solve it, I'd be glad to add ROI to the calculations.

A quick remedy to estimate your all-time ROI: you can still look at Total Profits for a given coin and estimate your ROI knowing how much you really deposited in YD bankroll. If I know I deposited 60 BTC a year ago and my Total Profits reads 20 BTC, then ROI is ~33%.

Cheers,
Ethan

When you click the 'Display closed investments' check box on the Investment page, it doesn't add up the ROI for all your investments for the totals at the bottom. Is it possible to make it show total ROIS so that you can see for all past and present investments?

Everything's capped at 2.5% though of the house bankroll for max profit determination.

What do you mean? Yesterday I was able to open investments in all 3 currencies at 1:10.

About the second point, that's gambler's fallacy. However, expected returns are actually higher if wagered is expected to stay at least the same, as now the bankroll is smaller.

It has decreased, it's technically at 5 .

Anyway it doesn't really matter because its really just a number. Its ,10x of someoonw with 1x still though.

@ethan, maybe now is a good idea to invest in the bankroll also as we look to be due a correction. I haven't pulled any funds out anyway. It wasn't much of a loss...

Nope, ETH is the only bankroll we want to keep private at the moment. All the other: BTC, LTC and DOGE are open for investments.

The recent BTC profits have been pretty poor, but investments in dice sites are always long-term. There were days were players would lose 100 btc in a few days. If you look at long-term graphs, the trend is always positive. BTC profits have the largest variation of all coins because of high-rollers that can afford risking tens of bitcoins. LTC profits on the other hand look much more predictable - there are more players playing with "medium" funds.

Anyway, it's the game of luck. Even though the statistics support the investors, you cannot take the variance out of equation. My BTC investments shrank too, but I try to look long-term.

Cheers,
Ethan

Well, they are divided by 10. I don't like this high leverage at all, but I'm just using it as the rest of investors. Otherwise the expected return is just too small to justify the risk. In my opinion, the maximum allowed leverage should slowly decrease as more people invest.

How the fuck is not a big deal if your profits are halved.

Are there any plans to allow ETH investments?

On yolodice actually, I'm barely in profit at the moment. And not in profit at all since the last investment I started so it's not just the site and the traffic, it still depends on luck.

Unfortunately the long-awaited Ethereum Constantinople upgrade has been postponed. No worries, we are following the latest developments.

Today we've upgraded our Ethereum wallet/node software to the one that cancels the Constantinople upgrade. There will be no interruption in how ETH is being handled at YD.

The required numbers of confirmations are back to old values for ETH deposits too.

I hope the Ethereum devs can solve their issues and move forward with their platform. Good luck guys!

Cheers,
Ethan

We just made all necessary preparations for the Ethereum Constantinople upgrade.

1. YOLOdice will follow the new, upgraded chain.
2. Just to make deposits a bit safer we have just increased number of required confirmations. We'll return to previous settings once the upgrade proves stable.
3. All operations will continue as normal.

Happy Block #7080000!

Cheers,
Ethan

Well, for investment on gambling platform a large scale investment is a must and the same will get you a better and stable earning than that of the trading. As mentioned in the above quote, in no time the market turns bullish and bearish. Yesterday I lost $300 as the prediction on my trade went wrong. Gambling is good to some limit, while trading won't give big loss as the price fluctuates and retains after small or long term.

It still depends on the site that you put on your money on, in this case if you put money on yolodice which has really good traffic, you will much probably get the roi faster than other site around. And actually you can't compare altcoin with gambling investment because both of these thing has so much difference, the real thing that you can see is altcoin can suddenly be bullish and surge for many times mean while investment is still depends on the wagered and distribution on how much you put on the investment

Like how long, more than 1 year?
The longer your money stayed at their care, the riskier it is, while it's true that you'll be able to earn profit in the long run, but
you should also consider the risk in trusting a 3rd party. I'm speaking about the entirety of the gambling sites that offers investment, maybe the solution to this is to learn how to diversify your funds, probably spreading it in different trusted websites is the best idea.

If you research well and willing to wait for much longer time, investment inside the house will always be a passive investment for people who knows where to place their money, well known site who offers such investment in the long run will bring positive outcome, only those who don't have patience and being so doubtful will ruin this type of investment so make sure you are always prepare and and aiming for much longer term.

I did experiment in the past, putting my money in some of the dice sites but I got bored of waiting because it does not grow based on my expectations, there are days that my investment will decrease and some days it's up, so I realize that those who are benefited with bankroll investment are only those who have a decent capital. What I did afterward is I gamble some of my money and the bought some altcoins and the decision with buying altcoins was more profitable compared to investment, I don't know now because the market is bearish.