Bitcoin Forum

So here I have a friend who's inviting me here on the said gambling investment. It's just simple, you'll send your bitcoin (investment on any amount) on that person then he's going to play using the money collected. After 7 days,  your investment will be doubled and the money will be sent back to you after deducting the trans fee. There is a chance of losing but if your money loses, you'll. Be given a 10% refund.

Someone already tried this? Safe or not?? 

I think this is very insecure. Because you are not involved and you do not know which one is working, you can only give the money to your friends. I think this might as well go to ICO, at least you can choose, select their own approved projects.

It seems like an obvious scam to me.

How do you know they will gamble with your money? They could just keep the 90% and say you lost.

Anyway, why can't you gamble it yourself? Do they claim to have a system? If they claim to have a system, then it's probably a scam.

That's very dangerous, because if your money is gone I do not think it will come back, and not necessarily the person who manages it always get results, you better invest to buy some good coin, like ETH, Xrp and other more secure

LOL. Not at all. There's no assurance of that. You'd better do the gambling yourself at least you have experienced and felt how you will lose your money. Anyway, it is not considered as an investment at all. Investment means there's a slight percentage you will get a sum of what you have invested in gambling there's none.

It's very dangerous to make an investment, better do not do it, it's very risky, you can lose all your money, you better invest in a quality coin coin to buy like Waves, doge and others for the future

i wouldn't be doing it myself.
and i also wont recommend it to anyone.
the risk is very high that you will lose everything you invested with them.
nothing can stop them from telling you that they have lose in every bet they made even if they won.

It's pretty unsafe. Isn't that a gamble?
It's a classic pyramid scheme or a ponzi scheme, and it's just a gamble with bitcoin, which I think is pretty dangerous and should be kept away.

In my opinion it is not really safe and a total scam, that person is using another ones money to gamble then he's going to return the money doubles when it wins but if they lose 10% as rebates I really think this is not a good idea and using your money you will let them gamble for their sake, I really feel if they can not get back your money and lose they will sure run away with it.

How are you sure that your investment gets “doubled” within a week? We all know the uncertain when it comes to gambling. Let’s just say it isn’t a scam, but the risk is so much higher than just holding the coins.

I think you are talking about ponzis here. Ponzis are usually run by a person who collects the money and tries to invest in some places, if he gets a good return, he will share the profit with the investors and if he doesn't, he will simply run away. Unless you know that person personally, don't expect to receive even 10% refund. This is the riskiest investment for any market, be it crypto or fiat. So if anyone is trying to pull funds in the name of gambling investment, you should report that in "Scam Accusations" sub-forum so that a proper action can be taken against such people. Please note, that bitcointalk doesn't support such kind of activities here.

we don't know him personally, he is just offering this as his business. Thanks for your comments and suggestions, i think i'll just play it on my own. lol ;D

Gambling is a bad ways to investing your funds. Theres a lot of propitable ICO to invest your funds, and ensure your funds are safe. Do not believe your friend to say that gambling is a good way to investing your funds, maybe she/he can say that because she/he know the treand or strategy to what she/he doing it.

Nah, I don't think it's good, reliable and safe investment. There are always chances of winning and losing in gambling, if you win your lucky, if not then sorry. I think investing in much safer investment like ICO is better option than investing in gambling.

As far as I'm concerned, neither of them is the same from nature to form although you spend some money. investing or gambling is risky but gambling is much more risky. As you invest you can count on a number of factors to predict the price increase. In addition, if you are still losing money can still recover some money you or you have all or nothing.

This is the first time i heard about this kind of cryptocurrency investment. sending your bitcoin to other people and he will play to double it? honestly it looks like a scam. of course there is a chance that it will be doubled but there is a bigger chance that he will lose or he can just say that he lost all of it and secretly take all your bitcoins. gambling is the very last option i will do to earn money.

I think you should not join. This is definitely not profitable for you.
that's totally a scam. At first, they can give you a lot of profits but then a few months they will fool you and rob all your money. They will illusion you and believe that they will always bring profits to you then you will send them a lot of your capital. It is their chance to rob all of your money. be careful.

I know the gambling investment but it is 100℅ risky to your investment. Because majority of the users are loss the money in gambling investment. So try to avoid this investment and some of the people only earn more profit in this investment. In crypto market many good investments are available in the market. You should  try some other investment is the best to secure your money. So don't spend your money in gambling investment.

That's not an investment but a careless, and mindless way to throw away money. this cannot be called an investment.

But you can earn some money on it. If you don't treat it like a long-time investment!

It's really not safe and I advise you not to invest in it. Instead, you should advise your friend to quit the job immediately to avoid fraud.
In my country many such incidents have occurred and I have witnessed many people have been trapped. Some people lose their cars, some lose their houses. Look for ways to denounce them so the government can handle it in time.

It’s a scam brother don’t invest on this because statement only says it’s gambling so better you do some research and invest on good potential altcoins in exchanges . Don’t take short cuts it’s too dangerous.

Dude stay away from gambling! Gambling is not good for your wallet and moral! Gambling is sin!

Do not take risk with so much money. Better invest the profit in  a solid business.

If you are looking for something to spend your money on and want a real business, I think you should really think first on what your friend told you about. Though it offers a fast a huge amount of profit, I don't think that you should entrust your money to someone. Bitcoin is created so that everyone could get involve in investments. You can even invest your money in bitcoin itself or use it for trading. In that way you are in full control of the money you have which I think is way better than sending your money into some random person he's telling you.

I just want to suggest, you should not get involved with that sort of thing. Usually, most such methods end up in fraud, if you still want to try, check first before you get stuck and become a loss.

I would not invest in a gambling bitcoin because it is very risky and i will be trust in trading rather than gambling .

A big NO for me.. I do not think that consider a investment I never consider gambling as investment ofcourse because it is risky yes but more of that it is a easy money..and we have a saying that easy money easy to loose. this is more than a saying this is  a reality that gambling make you instant rich..but making you beggar in just a week or a month..maybe some were going to say it depends on how you manage your money..and that is also true..but what I am saying now is in general... when you spend your money to gambling just to double or triple it yes you can obtain it..but how long..??

there is no assurance for a win on gambling.
its always 50/50 chance.you can try that if your a risk taker.but keep in mind ure risking your money.so prepare ure self win or lose.but again think it first.no sure win in gambling.
just sayin*

I think it might be a scam, because you just gave him your bitcoin, and you have no idea what he did with your bitcoins?
He told you that the investment had failed, so your bitcoin was gone, and you just needed a simple reason that you didn't know the middle of the process.

this is very high risk if you follow and join this investment. you will lose your capital if you are not lucky.

Yes.

Gambling because:

Your correct point about the price being speculative. It’s not a stock where you can do analysis on the strength of the company and decide what you are comfortable paying for it.
A lot of the trading essentially requires you to have trust in an exchange that is built by others (some are reputable and trustworthy), but it’s not the same as investing in the stock market or any other financial instrument that is legal. This is high risk, it does feel a little like throwing your money in a basement dog fight or something where you have no idea who the bookies are and it’s your first time there and everyone around you looks sketchy.

I think it could be a hoax.
In the end, your friend will only tell you the result of a successful failure.
You don't know what happened, you don't know what happened?
In the end, your friend tells you that you failed.
Then you will lose your bitcoin.

I dont take a risk with this kind of business. Gambling is completely risky. So your taking your money in risk in hands of others. If you want to invest you should try trading instead than gambling.

not safe, and possible scam, because gambling rules, house  always win. if you want invest, buy some altcoins or ico.. better than gambling

Its not very safe.
a lot of people don't no what they are doing and they lose money.
You need to be very updated and very good trader to be able to succeed.

I do not agree with the idea or strategy to profit from bitcoin in this way. in my opinion, it does not matter if we entrust capital to others, then used as capital as a commodity for business, with a record of the recipients of capital and owners of capital can benefit.
but the problem is if the capital that dititipakn it used as capital for gambling. in my opinion this is not good, and my religion forbids gambling.

 ;) not at all. There's no assurance of that. You'd better do the gambling yourself at least you have experienced and felt how you will lose your money. Anyway, it is not considered as an investment at all.

Yeah this sounds scammy as hell. My advice would be that you don't give people money unless you research that what you are investing in.

if the investment in the name of gambling is a very bad and unsafe thing. because gambling is forbidden law and it is not very profitable. it just makes you become unable to enjoy profit.

that's smell like scam. what if he disapear after you gave him bigger money?? there are no guarantee if he doesn't run. it's very risky dude. i hope you not tried this before. remember money changes people. so there is a chance he will cheating on you.

As i saw some people take his btc to some bitcoin gambling as well as they know the track record of the site or the dev. Good ratio on profit is main reason to do that. The investors is aware of the risks associated with the use of the service, including the loss of Bitcoins.
If you have a lot of bitcoin free to invest just try with small amount. waiting on one period until you get they sharing disclosure and put your invest money step by step until left your profit there. so no risk money there.

I don't think it's a gamble. It's a total scam.
It must be very unsafe.
First of all, you don't know what happened after you gave him bitcoin.
The last thing he needs to tell you is that you failed, and your bitcoin will be gone.

Yes, there is some other smarts scam that i can't even think about it. They will bait you first by give you back your small money invest and your profit then ask for a big money to make big profit. Greedy will instantly kill you ...

I don't know why but i feel doubtful when i read your post, and clearly smell something fishy there.
I mean, sure, gambling is kinda give you profit, but only if you're lucky enough.
But between lucky and unlucky, the latter happens more so i don't think it can garuantee to give you double bitcoin or whatsoever.
Especially the refund is only 10%. I think it's better for you to invest in something else. Ico maybe? Or trading? Just don't do it, it feels like a scam.

And the "friend" looks more a scammer with questionable motives to me. You should not fall for it. And discontinue the "friendship"

it can happen if yes buy alt coin with bitcoin.
but do not need help by others everyone can do it themselves by trading.
the most important use your own instincts and observations so as not to regret the decision in your life.
Good luck.

In fact, Bitcoin is not gambling, it can earn more money by trading the Bitakayya forum and Bitcoin. Without it, free bitcoin can be earned by doing so, so Bitcoin can be compared to gambling.

Its not safe at all.Dont try it.

bitcoin gambling as an investment is very risky,
you could lost all your funds in one day by using
gambling as an investment, its best to do trading
bitcoin to altcoins for profit.

Gambling is a jobbery not investment. There is a big different between investment and gambling even if you say that you both need get the funds there. Gambling is true jobbery in always taking a risk of being losing than to investment that will ensure that your funds are safe and maybe you can earn a good profit. For me you friend is cheating you because you do not know that trend.

Any form of gambling cannot be taken seriously as a form of investment... I understand that there are certain risks in investing, but the risks in gambling is on a totally different level...

Investing your money in Bitcoin itself is risky enough and investing it in gambling is riskier considering you will let others play your money. Another thing is that you are not 100% sure whether you will get your money back doubled and you will have this weighing feeling that something is not right. It will just make you worry, so better if you just invest it on emerging ICOs that has a huge potential.

I would not deal with your friend. Very similar to fraud or various schemes of Ponzi. He did not tell you what he would do with this bitcoin, and what kind of games are these? Better buy bitcoin and do not send it to anyone, it will be safer and more profitable. I think so

I would not do it ever. Man, stay away from your friend with such a scam proposition. You will earn pretty good money trading honestly. Monitor the market of crypto. Save fiat money to buy alts and BTC when the coins value is low, and sell it when the coins are high. Invest into good ICO, but do not gamble.

If thats the case then for me it would not be safe. You are lending your bitcoin to someone who will use it for gambling? What if that person loose in his games. Would he refund the bitcoin he lend from you? You should think twice before aggreeing on letting him borrow your bitcoin.

Op, this is highly risky to do. Gambling itself is an unpredictable game , meaning that the outcome can't been known even when you are gambling it yourself not to talk of giving it to someone to gamble on your behalf.

However, if such friend is someone you know and have a physical contact with, you can have a written document with him on his promise and involve a third party who both of you respect. This is if you still want to go on the gambling, otherwise, let it go. Lucky you.

Well that's the right decision, you just play it on your own and as you said you don't know him personally "it's risky". or much better to stay away from him and also avoid in gambling.

This is a very odd way of investment. You'll invest bitcoin to some gambling maniac? Hell no. You'll just feed his addiction to gambling and this will not turn out beneficial to the both of you. Yes, he might win big but he could lose big as well. Bitcoin is uncertain and you are adding Bitcoin to it? Merging two uncertain things could be a devastating chaos.

I do not recommend this as this have higher risk that Bitcoin alone.

Gambling is gambling. There is always a chance to loose everything, and I will never put my money in another hands to gamble with it. If you want to do it by yourself, go ahead, but gambling is not an investment.

If anybody try to sell yo gambling as an investment, this person is, definitely, trying to cheat you. There is no such a kind of investment, you can’t even use the word “investment” and in the same phrase “gambling”, for it is absurd. Investment is supposed to be something that give you confident and uses your money wisely, so you can earn (and of course the investor) more money. Usually it needs time and patience, but never, I repeat, NEVER, gambling is involve.

I'm sorry, I believe someone is trying to cheat you.

These are known as ponzi scams, do NOT participate in HYIP and doubler "opportunities", often they will pay out if you get in and out early enough, but after some time they become unsustainable and then will exit with a large amount, actualizing the scam.

I have know a lot of people doing this,and most of them didn't succeed,it always end up in scams especially when they put the collected money into gambling.Not everday you can win the sites,expect a lose after every win.if you are the roller and you lose the money you collected can you declare it to your investors?would they believe you?what will happen to you soon?they will call you scammer (not if both side had mode of agreement) and what will happen to them.they lose.

Oh, I don't think it's a gamble at all.
I think it's a hoax.
Your friend only needs to finally tell you that failure, then you will lose your bitcoin.
Because you don't know the process.
It just needs to tell you that gambling has failed.

Sounds like a big gamble.  ;D
Prepare yourself for a big loss too and I recommend for you to have a big trust on that person since he is gambling you bitcoin.
BTW,  how would you know if he is good in gambling?  Will there be like statistics of his wins and losses?

The idea does not seem trustworthy witha a random dude. If it's a friend that's propsing you that you can give it a shot but the idea of giving someone money and hoping they won't loose the does not look ok.

I don't know if this can be called gambling.
I might think this is a scam.
You have no idea what your friend did with your bitcoins.
He only needs to tell you that gambling has failed.
Then your bitcoin will be lost.

First you need to know if your friend's gambling investment is legit because there is still a chance that it is a scam. You did not even know the details of the gambling investment. But if you trust your friend and you want to take risk then your invested bitcoin can be doubled. There is still many ways to invest your bitcoin that is not risky and can earn more bitcoin. It is your choice.

if you want to invest in gambling should be clear thinking is sometimes beneficial but better investing jeclas its prospec who have the future.

Its a huge risk. Youre not directly involved in controlling your money.  Its just like shootng an apple while riding a saddle while being blindfolded.
Investing itself is risky, evenso letting other people manage your investments without further knowledge on how they will manage your funds is on a whole new level of risk.

I like the idea. So let's assume, 100 people each of them send me 1 BTC. To hide my scam attempt, I will give 10 people their share like they win. I will tell remaining people I failed so I will refund 0.1 BTC to each of them.

100-(10x2+90x0.1)=71 BTC . I would be a rich scammer.

I can't believe how people can send someone any money so he can play gamble.

i think that definition depends on how you earn money and use it, as an example, if you earn bitcoin from gambling but keep using that reward for playing bigger gambling but based on a lucky game, then it is not investing. Investing is using your money to earn more money from what we have then keep using the profit we have to do the bigger investments with thoughts, evaluating, timing and making decision to invest in bitcoin.

For me is a scam too, if you want to gamble, do with yourself don't be intermediary of someone else. That is your money or your bitcoin, you should have a way to get profitt. Espesially in the world of cryptocurrency it will be very safe if all the ways to gain profit are done by yourself, certainly to avoid like a scam, ponzi and the other.

Gambling is never an investment for me..

Crypto currency is a very interesting topic and I believe that this is the future, but because of the HYIP, which is now around, there are a lot of scammers and "experts" in this area, whose purpose is to get your money. It is not necessary to give money to such people, it is better to start studying crypto-currencies

thank you for the info, recently I asked them a few questions on how would the gambling go, or should i say "how will our money will get doubled?" he keeps on telling me that its just gambling and it is as simple as playing using his luck. Now I'm more enlightened on what maybe the possible outcome of this such business after a few months or maybe just weeks? btw Im here just to ask for opinions about this investment. nothing to complain about 
:)

will take note of this, very much appreciated. thank you! I gotta be careful on where to invest. lol

Gambling is not safe . It is very easy to loss you coins because you loss more than you win .It is 100 %  better to invest  and please note that money doubling is a scam

All types of gambling is not safe. I suggest, if you really want to try gambling investment, try to come with your friend beforehand and study how their gambling works, what type of gambling will occur. See if you think that it's an easy money for your supposed friend, if it is and if he really is your friend that you can trust with all your heart then go for it. But if not, you better prepare yourself, congratulations you got yourself a fake friend.

If you  been lure into this then you aren't thinking clearly, why should you believe your money to the gambler, if the person is a great gambler he won't need any of your money, because if you keep on winning you can easily multiply your money, and the 10% refund is a fake, there will be  a time  he will said that he got no money to pay you

I feel unsafe, I doubt gambling because we will not always win in every gambling. better to trade and follow the bounty campaign because the possibility of gaining a huge profit than to follow gambling.

It will make a comeback. It will raise again from top because its gaining more popularity right now. Because of this popularity many investors coming for this to invest. I can assure that bitcoin will raise again.

Seven days its took so long.It depends on the player if he is good at strategy. I have a friend that same with your situation and we tried a small amount we invest and she only played at only 20 mins. and it did not take up to 7 days. I think its a huge of scam. Gambling is risky and you cannot consider gambling is a investment if you have a certainty then don't go ahead. If you want to take a risk but definitely profitable and you have nothing to lose you should go on trading and its safe.

Bitcoin is not a kind of currency, in fact, it is not managed in a monetary way. And bitcoin is a particularly volatile commodity whose inventory is fixed and if it is to be used as a gambling investment, it must be prepared for a loss because people know little about its price.

I do not think so. If 10 people invest in bitcoin, there are 7 rich people, but if 10 people participate in gambling I think no one will get money from playing gambling. I think bitcoin is a potential market for us to invest and make a profit. It is different from gambling.

I think if differs from gambling because for one bitcoin is a long-term investments which is different because in gambling in one win you could win a huge amount of money or bitcoin or you could be an instant billionaire depending upon your bet which is unlike bitcoin the return on your investments will vary upon the demand on it.

I also have a friend who use to do that kind of investment,  she use to play gambling and I can say that she is very well trained playing in (bitsler ) a gambling site. As a matter of fact we haven't tried any loss Everytime we ride in her play that how she good in playing gambling. Another good thing about her play is, she can make our profit doble in just a couple of minutes that's how veterans  she is. :) ;)