Personally, gambling is more like entertainment for me. Like it or hate it it's fun to win money on gambling! the excitement and the thrill of every winnings are fun! Making gambling as source of income or rather making it as a quick way scheme to make money is almost impossible. Yes! some people are doing that but they are one in a million only. Gambling should entertain us and it shouldn't destroy our lives. The other options above are sad but some people treat gambling like that. I think as long as you are responsible on your own decision you will not regret anything in gambling.  |
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Questions like this are often discussed, but always interesting to talk about. I have an opinion that is almost the same as most
members in this forum. The best cryptocurrency to invest is of course bitcoin, because only bitcoin is the safest and has the low risk.
And also bitcoin has strong fundamentals, so investing in bitcoin will provide a large enough profit compared to other crypto coin.
Bitcoin alone is a good investment but its wise to diversify because altcoins are profitable to invest as well like eth, bnb and litecoin. I've been holding these coins for long period already but im taking profit at times. Whatever coins you choose to add in your portfolio just make sure you understand the risk of holding it and you conduct a research before buying so you can only blame yourself if something went wrong. And always don't go all-in at crypto! Cryptocurrency investment is good as long as you are diversifying your asset. stocks, real-estate etc. those kinds of investments are good too. Personally, I allocated 25% of my funds to crypto and that is the maximum for me. right now my crypto funds are divided on BNB, ETH and BTC. Those 3 are doing really great! My portfolio have a lot of profits because of those coins. Best crypto investment are always be the biggest projects and have the awesome team and that's BNB and ETH for me  |
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With bitcoin's uncertainty during these times, it is harder to predict for its future and talking about more than a century we are all dead by that time. We can unsafely predict what bitcoin could become after 2 to 5 years of its existence, we even have several governments opposing the bitcoin. But I'm wondering for that long time, if we are not dead yet, are we going to discover better currency than bitcoin I mean we are testing many lines right now so maybe we are just too focused on bitcoin coz it is a thing now. We can't really tell no?
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First thing first, the spelling Portfolio and not "protfolio". Not sorry for being a grammar nazi That was just a common typo haha Second considering cryptocurrencies to be one sector as per popular demand and not what I prefer, this approach can be used for managing different coins. However my experience has shown me that investing in altcoins is a waste of time and money, however big or small it might be. Thus if you want crypto in your portfolio, keep a 100% Bitcoin, the long term value is way better than any altcoin.
I have to disagree with this, as for my personal experiences giving 100% to a single coin (bitcoin obviously) is not going to be that beneficial why? because you are only expecting a profit from a single investment on which is very uncertain and volatile. Yes there are tons of shitcoins in the market but you can easily distinguish those coins with the market element. Diversification is better coz you'll get a wide range of possibilities. I know we all agree that the highest percentage of our investment should be put in bitcoin. Next to manage the portfolio add in more sectors different from crypto, like stocks, commodities, bonds, metals. Do not try to put in more money into altcoins, but into sectors that have been known since centuries to give returns. Although some people may disagree, risk management is better done in this manner.
You may not try to look at stocks right now coz it is down, we don't know until when. Best if you have some strong altcoins though like LTC, XRP and ETH. ZRX have shown an act recently so maybe we should all look into it. |
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I want us to rate crypto exchange platforms based on these parameters.
* Global geographical usage.
* Never hacked before
* low transaction fee.
Which of the cryto trading exchange meet this criteria? To date, there are no services in the cryptocurrency markets that have a good history or meet all of the factors you have blunted. Yes, there are no services because every service has experienced big or small hacking incidents. For example, Binance was unfortunately hacked before, although it did not encounter a hacking incident that caused user victimization. Even the giants have weak spots. There have been hacking incidents that happened with binance before even in the early stage of it as an exchange. The recent security breaching with binance is last year, as far as I know the hackers are able to steal bitcoin worth more than $40 million, that is a huge amount but what did the binance do is they shouldered the loss without any client complaining, perhaps that's what most of the people like about binance. It is possible to say the same sentence for Bitfinex and Bittrex, but for some services it is unfortunately not possible to say this. Today, although some of the new services have not yet encountered hacking, there is no guarantee that they will not. For example, although the FTX service has not been a victim of any hacking incident so far, this does not mean that it will not experience such incidents in the future.
There is no safe system that's for sure. If systems are upgrading and so the hacking skills too, that is also why every exchange should check their security access once in a while to see if there are holes or gaps to fill in, that way they can partially guarantee the safety of their platform. |
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In stock, a lot of changes went when covid spread around the world. Due to the fact that there are corporations who run in making foods and services. So, because there is a locked down, this corps might go down because there is no customer and employees.
As of now we can generalize that the pandemic have already affected everything, and when we say everything that means every thing. You could easily see the huge decline in employment rate more than hundred of millions? billion? from that we'll know that we are going deep far from what we expected. But now w are slowly recovering, I can tell it from what China is trying to imply they conquered the virus and made the recovery rate of 90% But in cryptocurrency, I think the market doesn't affected very much by pandemic. Instead, it goes in upward movement even in small percent because halving and other people forced to see the market situation.
There is no data that we can see so there would be no truth about that ,but if we put it on basic terms we can say that pandemic has an effect to the crypto market since its casualties are onto people which composes the crypto market. |
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With what I see now from the news I think it is going to be hard for us to get the economic stabilization why? because even we still have the virus now we are reopening everything, look at the city of Las Vegas they are trying to open the hotels and restaurants amidst the threat of the virus, and here in our country? they started to reopen malls and business with guidelines that isn't that effective at all. We are just making the scenario worse for everyone. The government cannot sustain us, YES, but do we need to do things in an extent? We are running after the economy but we are risking our lives, will that be worth at all? I guess not.
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In the olden days people were making use of gold, silver and other precious stones and metals to buy whatever they want, build houses, pay workers and a lot more. But as time goes on, things changed and they started making use of the paper money and we had Dollar, Euro, pounds, Yuan, and the rest of them.
So, if the cryptocurrency you're seeing now is going to become our main currency and replace the first we are using these days, before that happens it will be discussed by the government and they will all decide on what it's going to be. Although the way I see it, cryptocurrencies are going to be assets and won't replace fiat. They will just serve as another means for transaction.
Something like that does not happen by decree instead it is a long process, gold and silver became the main forms of money for thousands of years simply because they had the best characteristics to perform that function, people used many different materials as money and gold and silver were the victors of that process, fiat currencies also followed the very same pattern, one of the reasons people began to use fiat currencies instead of gold and silver was because transporting large quantities of money over long distances was very problematic while with fiat this was not really a problem, if cryptocurrencies ever become the main form of money around the world you can be sure that it is not going to be by a decree but simply because they are a better form of money than fiat. The answer was already given by you, " one of the reasons people began to use fiat currencies instead of gold and silver was because transporting large quantities of money over long distances", this also might be the reason why we are going to have crypto added in our list because it has an advantage. How much do we spend in printing fiat? we all know that it is not only made from a simple paper plus the printing process machines, manpower and the facility on which case cryptocurrency has the edge of doing it so. Same pattern as you said, well I think most of us sees the same pattern that you are talking about, why not use a better mode? right? |
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The fact is that the economic crisis around the world has been brewing for a long time and today's problems have only increased due to the coronavirus.
Pandemic is an added fuel to the fire of the crisis, in 2019, economist and analyst already warn the world to the economic crisis since they have seen a significant increase in debts on top of that is the trade war between US and China, which I am skeptical about now if it is happening still, but it definitely make the impending economic crisis to intesify. Many capitalist countries are experiencing a systemic crisis, and in order to rectify this situation, each country must practically radically change the economic and political system of its state. Not only the government, but every person should take a different look at their capabilities, their lives and their future, so as not only to exist, but also to develop effectively in their lives. A few years later, one of the largest consulting company Mckinsey published its report. On what the economies of countries will depend on and which technologies will radically change our world in the future. The report most of all deals with the global Internet, about robots, about alternative energy sources, about various new materials and new high technologies. but the author, who drew attention to this report, focused on the fact that in this report there is not a single word about a person at all.
What people need to do no is save, that's the only thing they can do at least now since we are facing a bigger problem. But not all people have the capability to do this, there are people who are less fortunate whose life varies on what is on the table, these are the people who are homeless and jobless that the government needs to support also. |
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This is FIAT's bug.
The central banks are trying to lower the value of paper money by printing them excessively.
By this logic, you would think that people would dump FIAT and get "real" stuff instead but guess what... that is not always happening.
Instead,
People buy more FIAT and drive the demand even higher because It is getting cheaper!
*This won't work if your currency isn't a reserve currency like USD or GBP. Don't try this with your shitlocalcoin"
Yeah, government are trying to deliberately causing inflation by printing more fiat so people would really be spending in scare of losing their monetary value. This is a deliberate attack from the government so they can control the flow of cash even in lower terms and most people will think that it is normal because we are facing a problem but it's not. But today with pandemic? I think it is quite natural for people to keep their cash in their pocket coz they got nothing to spend but only their foods. |
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BTC % in online payments is extremly low, unfortunately. Too low amount of sites are accepting it
Don't expect bitcoin to top in online payment transaction, though we are heading to mass adoption I'm still sure people won't spend bitcoin just like a ordinary currency, never would I imagine. Basically, what people are doing right now is holding a bunch of bitcoin that makes the price resistance at some point. Even with big companies like microsoft or amazon, if they are accepting bitcoin payments I'm still sure that there is no one that is going to buy products or services using bitcoin. This is what the other companies aren't scared of, adopting bitcoin coz it has a low risk than the bitcoin itself. |
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Nothing is any different atm except for miners, they’re getting half the money for mining new blocks. The lessened supply of new coins will take effect eventually though & we’ll have another meteoric rise.
I believe so, there is a mass speculation on bitcoin before halving whether it will pump hard because the supply is going to be cut, but the thing is it does not really meant to make the huge price change, it is us that makes the halving big deal coz we are basing our thoughts on the chart. The only thing that is different now is the small miners jumping out from bitcoin to another coin, you can see it with the hash rate changes. Transaction fees are up atm, that's probably the only change for the average user.
This is one of the reason why I have selling my bitcoin by batches, I'm trying to minimize the fees that I need to pay for. I think everyone is feeling it right now. |
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you can't expect the price of bitcoin to suddenly skyrocket after the halving.
If you stayed long enough with bitcoin, you will surely know that a massive speculation does not mean it will come true. I forgot the term for this event but it is a reverse of a majority conclusion. if you still don't the money you can just continue to HODL(just like what the early adopters of bitcoin did) until it reaches the amount you desire. although I have no say on what you will do my only advice is to HODL for as long as you can or for as long as you are comfortable with the price. a lot of traders tend to hold their bitcoin when the price is down in hope that the price will fluctuate upward again which it usually does. but if you want to cash out it's your choice.
If you guys bought at $7K or $6K then Imma say this is a good time to harvest them since you'll get approximately x1.5 from your capital but you bought bitcoin in late before halving best for you to wait for the price to increase soon, although it is not guaranteed to make a pump still it would base on speculation but historically you can see it happened that time so maybe we'll just need to wait for some time. |
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Skill-based is kinda difficult for me, especially I am a busy person since if you want to dominate in Skill-based games, you really should need a lot of time to practice and play more to become a skilled player.
I'll go with chance-based gambling since all the players are the same, even how much your fund is or skill is, the chance will still decide.
Seems i have to agree with you on this one bro. Skill-based games really needed a ton of time for us to excel on that field. As i observed though that whether you are into skill based or chance-based, if you don't do it moderately you will end up broke . And in addition if you are not that good on a specific game you will be fish there and be the target of all of the veteran player there. Just like poker, usually if you are not good and enter the table you will instantly became the target there. Based on my personal experience dumb player on poker is the easiest way to have a money in gambling, they are easy to predict and read and usually their bet decision is based on their emotion so they can be easily beat. |
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Great thread. Very educative and that's exactly why i came to gambling section for today. To sum your investment up: Bustadice annual estimated ROI: 0,04993667/0,049=1,019 - 1,9% per month gives us ~25,3% ROI (minus 2% from initial investment - 22,8%) I must say it's prity decent deal. Yolodice annual estimated ROI: 0,05165988/0,05=1,033 - 3,3% per month gives us ~48% ROI. Damn it looks almost too good to be true. Now if yolodice and bustadice generates that huge ROI i assume that exit scam is simply not worth it for them. Why steal x if you can earn it in 2 years of honest work and even more. Can't w8 further updates. Edit: If you look at yolodice investment stats you can see that LTC, ETH and DOGE investments yells much better ROI. Up to 30% in 2 months for DOGE (480% annually). So if we have LTC/DOGE/ETH hodlers here it might be a great deal for you. So DOGE is the best investment option for yolodice  I will think about it  My bustadice investment is not that profitable since my share in their website is really small so I think after I break-even on that website I will transfer my funds to yolodice as DOGE and going to invest it also. But that is still not final, I still going to test bustadice for months BTW, Good analysis man! that will help a lot of people that is following this thread |
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So here's my update for week5!! This is the update for bustadice: This is my total profit for: BTC: 0.00093667 USD: 112.16 PHP: 5,571  This is the update for Yolodice: This is my total profit for: BTC: 0.00165988 USD: 133.42 PHP: 6,647  Here's the spreadsheet:  TOTAL PROFIT WEEK1 - WEEK5 BTC: 0.00259655 USD: 245.58 PHP: 12,219 I had some miss calculation last week, my spreadsheet is bugged LOL, so here's the week 5 and the accurate one. Sorry for last week folks haha! It's a loss this week but it didn't dumped to hard What are your thoughts this week? |
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We'll have to wait for a few months before we can see the impact but anywhere we look at it at our current situation, online gambling is going to benefit it since there are no casinos open at this pandemic and Cryptocurrency is moving forward in adoption, online gambling casinos has a good future and everyone is struggling for a share of the market.
The casino will only benefit if their player is going to increase, but I think with regards to halving, the only positive effect that they are going to benefit our from it is if bitcoin is going to skyrocket! other that I there's no more. And yes! you are right, base on the pattern on the past halving we are going to only see the effect after few months and I really hope that would be a good news for all of us. I am hoping that history will repeat itself again |
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So you do calculate your profit to the current market value and add it to your portfolio.
It's like you're hodling BTC and on the other hand investing at the same time.
I must say again if this keeps in the long run, it'll eventually turned into a great ROI. Bitcon value + Casino's profit.
Yes mate Those two are a good combo for me, haha LOL Well, most likely OP will be profitable investing in a casino per BTC value, but in terms of USD, that still relies on the value of bitcoin which is very unpredictable and we never know what will its future, but then again, if OP believes BTC will rise in the long run, then he will keep this investment for long term. It's still less than a month I guess, a lots of trials OP will surpass for sure.
As far as I believe. Bitcoin have only one way to go around, and it has to be to the moon.  Anyway, investment matters to the amount you invested as well, but 2.95% ROI in a month, pretty good one. Good luck @Yatsan. I have been thinking for a long time about investment in casino bankroll, OP just helps me to make a decision. even the profit looks better than I expected. Plus I have some amount of DOGE and LTC, where I hold it and waiting for much higher price than now, so why not to increase the amount. I asked previous time, is it necessary to do any action to reinvest profit, or everything going automatically? Everything is going automatically it is more like compound interest type of investment. The profit you are accumulating every minute will be add to your percentage share at the website. Didn't know that they are currently accepting people to invest in their bankroll. Might take a look at it and probably will invest some once I have any BTC lying around on my wallet. When you invest your money in their platform, do they allow you to withdraw it any time you want or do they have any contract that you need to leave your BTC for a certain amount of time? I don't like the idea of investment of bitcoins in gambling sites. Even some exchanges also give us opportunity that e deposit our bitcoin with them and they give us monthly interest on them. I will never want to risk my bitcoins in order to get some dollars as an interest. Not sure why you have that kind of sentiments, most of us here are trying to look for investment opportunities as long as we do our research and we are convinced with every studies that we've made chances to succeed is always possible. Basing to what OP's performing right now and with how he choose the gambling sites to invest his money so far he's gaining. I think he is thinking about the website that I am investing with. Well, I trust those two website considering that they are very reputable here and they are running for years! And also a lot of bitcointalk members are trusting their website cause they show here in the forum that they can be trusted with our money |
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Maybe for you crash games are more risky than other gambling games. But for me it's not like that, because in my opinion the crash games
no different from other gambling games. All gambling games must be able to control ourselves so are not greedy, of course winning in gambling
must have luck. And crash game is one of my favorite gambling games. I play it quite often.
Crash games are indeed more risky. Maybe you haven't noticed so far but all the crash predictions are totally based on luck. If you are unlucky you will be probably rekt and you will not have any change to change the result via your skills. Crash games are just like any other games it is not skill based gambling so the percentage of winning and losing is still 50/50 chance if you are gonna make the winning multiplier to 2x only. All of the gambling that is not skill base in terms of risk is all the same I hope you are not going to be confused on that. I also like crash games but it's just like dice, the more you wanted to have a bigger multiplier tho more the risk is going to increase. In the end of the day your luck is the one that is going to make you win. |
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