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It all comes out in the wash.
Let's say you have bet sizes of $1 to account for a large degree of variance:
With this game, you are expected to lose $375,000 for every $1,000,000 you bet.
With a 1% dice game, you are expected to lose $10,000 for every $1,000,000 you bet.
I am honestly surprised to see this topic bumped to the front page, after the math has been made explicit many times over.
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Well, I can expand even though the question wasn't asked properly.
So far there haven't been any problems getting your funds through the margin funding system on Bitfinex. So depending on your risk tolerance (do you trust Bitfinex as a custodian to the same degree you trust your bank as a custodian?), then it could be a safe option for you.
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is bitfinex funding safe and are we guaranteed that we can get our investment back plus the interests?
No.  Nothing is guaranteed. True but still that's not the question here. The answer to Op's question is "yes". The question that I quoted and responded to was answered correctly. The answer being "No". "No" in that lending at Bitfinex cannot be qualified as safe (what is safe?), and that he isn't guaranteed anything. |
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is bitfinex funding safe and are we guaranteed that we can get our investment back plus the interests?
No. Nothing is guaranteed. |
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I have a couple of questions:
1.) Are you selling for spot?
2.) Do you ship to Canada?
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is bitfinex funding safe and are we guaranteed that we can get our investment back plus the interests?
No. |
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I am interested and I'm ok with sending first.
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Hello dear community,
I'm looking to invest in altcoins specifically Graft (GRFT) and Wagerr (WGR) and maybe some BTC and ETH. The portfolio should look like this: 70% GRAFT 15% Wagerr and 10% Bitcoin and 5% Ethereum.
I have 500€ per month that I can freely use to pay back the loan.
Currently I have 400€ in altcoins that I can put up as colleteral.
On November 1st I'll be investing another 200€.
That alone should allow me to get a loan of 450ish $ or 0.08BTC.
However my idea was that the loan will be invested in Altcoins also meaning that the loan itself should count as colleteral so if I put up 600€ that should allow me to get 3000€ ish or 0.6BTC.
But since this is the first loan I receive I want to proof that I'm trustworthy first so I'm looking for a max of 0.4BTC
So your idea is to put up 600€ worth of collateral and get a 3000€ loan? I understand that you're saying that the coins you are buying would be put towards collateral, and this is fine, but the lender would have to trust you to send those altcoins to an escrow after buying them, wouldn't they? It could be arranged a bit differently, in that the lender buys the coins for you, and you send the extra 600€ worth of collateral to them (or an escrow) to keep the portfolio at a healthy margin. That way there are no trust issues when it comes to sending coins. Normally, I myself would be interested in such an arrangement, but the first two coins that you picked (particularly Wagerr) have very little liquidity and can get hit hard as a result of that. In that case the extra money that you send might not account for such a downswing, putting the lender in the red. Also, there are no reputable exchanges that you can buy that coin on. |
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So the price for the ticket is $2 and the chances of winning are 1 in 302,500,000. So basically if you got $605,000,000 laying around you can easily almost triple your money. Why be a millionaire when you can be a billionaire.
You will actually get more than 1.6 billion since I think you get paid a small prize if you guessed maybe half the numbers. The chances of 2 other people guessing the correct number is very slim and even if they did you would end up breaking even.
The main liability of the "buying all of the numbers to guarantee a win" strategy is that the jackpot could be split, especially if a couple other billionaires have the same idea. The USA lotteries are taxed, so you wouldn't get 1.6 Billion after your winnings have been paid. Also, you'll be asked if you want it in a lump sum or take annuity payments - the lump sum option further degrades your winning amount. |
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Come on, what do you do with shitty 15 euros, wipe your ass? Because I wipe my ass with that amount!!! It's nothing, it's just nothing. I'm completely broke without a penny in the wallet Perhaps you should learn how to better manage your money and you won't find yourself in these kinds of situations. |
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Repayment confirmed, thanks!
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I was able to verify the signature. Thus, I have filled the loan.
Repayment address will be 16vnMfvWkTxaziLtcYhBTtoK9b13hrsHG6 and that will also be the address I sign messages from.
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Next time it would be useful to specify whether the time is AM or PM. When that is not specified it could be assumed that you are using a 24 hour clock, which is why I stayed up to bid.
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