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Author Topic: Best way to earn Bitcoins?  (Read 279518 times)
planetroving (OP)
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September 30, 2015, 12:33:34 AM
 #1241

Gambling is ok in my opinion, but it's a risky way to earn money.

Investing in gambling sites is cheaper, yet it's less profitable, but it's for the more patient people.
Investing in gambling sites? How does that work? Does it like, for example, give you a share of their profits depending on how much you have invested? Do you lose money if the gambling site somehow makes a loss?
spindoc
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September 30, 2015, 01:15:58 AM
 #1242

Probably already been mentioned but try GPT, cashback sites to earn money via paypal etc then convert to BTC.
BurstIncomeAsset
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September 30, 2015, 01:37:49 AM
 #1243

Gambling is ok in my opinion, but it's a risky way to earn money.

Investing in gambling sites is cheaper, yet it's less profitable, but it's for the more patient people.
Investing in gambling sites? How does that work? Does it like, for example, give you a share of their profits depending on how much you have invested? Do you lose money if the gambling site somehow makes a loss?

It's just like owning a stock in the casino. If the house wins, you win. If the house loses you lose.

Yes the house wins in long term, but in short term there are some risks involved. We currently have 3 bad days in a row, we didn't lost money, but its unusually little income these 3 days, so the phrase "the house always wins" is not that accurate.

Other than that, we are earning a solid ~0.16% ROI/day.
notlist3d
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September 30, 2015, 02:05:11 AM
 #1244

Gambling is ok in my opinion, but it's a risky way to earn money.

Investing in gambling sites is cheaper, yet it's less profitable, but it's for the more patient people.
Investing in gambling sites? How does that work? Does it like, for example, give you a share of their profits depending on how much you have invested? Do you lose money if the gambling site somehow makes a loss?

It's just like owning a stock in the casino. If the house wins, you win. If the house loses you lose.

Yes the house wins in long term, but in short term there are some risks involved. We currently have 3 bad days in a row, we didn't lost money, but its unusually little income these 3 days, so the phrase "the house always wins" is not that accurate.

Other than that, we are earning a solid ~0.16% ROI/day.

I just find it insane if they do win long term to share the little income.  Most claim a very small edge over player, I would think they want fund bankroll them self and get all profit. If doing it right they should not need bank roll unless they are trying to lessen their risk.

My biggest problem is most are operated in places to avoid gaming laws.   That makes me not really want to invest in something that has no regulation.   But it could just be me with that fear.
BurstIncomeAsset
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September 30, 2015, 02:16:37 AM
 #1245

Gambling is ok in my opinion, but it's a risky way to earn money.

Investing in gambling sites is cheaper, yet it's less profitable, but it's for the more patient people.
Investing in gambling sites? How does that work? Does it like, for example, give you a share of their profits depending on how much you have invested? Do you lose money if the gambling site somehow makes a loss?

It's just like owning a stock in the casino. If the house wins, you win. If the house loses you lose.

Yes the house wins in long term, but in short term there are some risks involved. We currently have 3 bad days in a row, we didn't lost money, but its unusually little income these 3 days, so the phrase "the house always wins" is not that accurate.

Other than that, we are earning a solid ~0.16% ROI/day.

I just find it insane if they do win long term to share the little income.  Most claim a very small edge over player, I would think they want fund bankroll them self and get all profit. If doing it right they should not need bank roll unless they are trying to lessen their risk.

My biggest problem is most are operated in places to avoid gaming laws.   That makes me not really want to invest in something that has no regulation.   But it could just be me with that fear.

The bankroll is to attract gamblers. You could fund a bankroll of 10 BTC on your own, but that is not very appealing, or get 3000BTC from investors which would make the casino much more appealing (because of the chance to win bigger jackpots). Now they don't win all of the bankroll ever, but it's I presume to excite players more. After all gambling is a game of excitement.

We invest in SatoshiDice which has a big reputation, best casino since the MT Gox days, up to this day. They haven't run away with hundreds of millions of $ of bankroll funds in 2013, so there is no reason to suspect that they will now with much much less.

Trust is the keyword in investments, as always.
notlist3d
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September 30, 2015, 02:22:25 AM
 #1246

Gambling is ok in my opinion, but it's a risky way to earn money.

Investing in gambling sites is cheaper, yet it's less profitable, but it's for the more patient people.
Investing in gambling sites? How does that work? Does it like, for example, give you a share of their profits depending on how much you have invested? Do you lose money if the gambling site somehow makes a loss?

It's just like owning a stock in the casino. If the house wins, you win. If the house loses you lose.

Yes the house wins in long term, but in short term there are some risks involved. We currently have 3 bad days in a row, we didn't lost money, but its unusually little income these 3 days, so the phrase "the house always wins" is not that accurate.

Other than that, we are earning a solid ~0.16% ROI/day.

I just find it insane if they do win long term to share the little income.  Most claim a very small edge over player, I would think they want fund bankroll them self and get all profit. If doing it right they should not need bank roll unless they are trying to lessen their risk.

My biggest problem is most are operated in places to avoid gaming laws.   That makes me not really want to invest in something that has no regulation.   But it could just be me with that fear.

The bankroll is to attract gamblers. You could fund a bankroll of 10 BTC on your own, but that is not very appealing, or get 3000BTC from investors which would make the casino much more appealing (because of the chance to win bigger jackpots). Now they don't win all of the bankroll ever, but it's I presume to excite players more. After all gambling is a game of excitement.

We invest in SatoshiDice which has a big reputation, best casino since the MT Gox days, up to this day. They haven't run away with hundreds of millions of $ of bankroll funds in 2013, so there is no reason to suspect that they will now with much much less.

Trust is the keyword in investments, as always.

If they are the biggest casino they should not need the BTC from investors for bankroll.   They would make more without them.  It seems like a way to migrate risk to people besides themselfs.  I can see why casino would want it, but see less as why investors want it.

I still don't like that these sites avoid regulation.  They at the core have to be hosted in certain places to not be brought down since gambling.   If there was more regulation I might be a investor, but again that is my 2 cents and I could be wrong.
BurstIncomeAsset
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September 30, 2015, 03:12:15 AM
 #1247


If they are the biggest casino they should not need the BTC from investors for bankroll.   They would make more without them.  It seems like a way to migrate risk to people besides themselfs.  I can see why casino would want it, but see less as why investors want it.

I still don't like that these sites avoid regulation.  They at the core have to be hosted in certain places to not be brought down since gambling.   If there was more regulation I might be a investor, but again that is my 2 cents and I could be wrong.

I`m sorry but you are wrong on that. The bankroll size is not equal to the casino profit.

While the cashflow (including past and current bankrolls) have been hundreds of millions of dollars (SatoshiDice for example), the overall total profit of the site is only ~ 1400BTC which is not even a million dollar (and only half of that is the casinos profit, the other half is the investors). The casino profit is always a small chunk of the total cash flow, set by the house edge.

If they were dishonest they could have stolen hundreds of millions of dollars back in 2013-2014, since more than 50% of the bitcoin transactions went through SatoshiDice. They didn't.

So you got a casino that took overall only 700BTC in legitimate profits to preserve it's honesty and reputation, instead of stealing hundreds of millions of $.
That is enough evidence in my opinion.

They are also located in Canada.



Now I cannot speak about other casinos, there might be some scammers taking advantage of this feature. But I personally believe SatoshiDice is trustworthy. I also noticed that more and more reputable bitcoin casinos offer investment option, so it is definitely a good business plan.
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September 30, 2015, 03:13:14 AM
 #1248

The simple and best method for new bie is faucet. For a learner signature camping is the better way to make some bitcoin. Else, we need a bitcoin oriented services to make handsome amount of bitcoin.

what is a bie??? how do one sign up for signature camping??

You can check for signature campaigns by checking in here: https://bitcointalk.org/index.php?board=52.0

By the way, by "bie" I think he meant to say newbie. Hope this helps  Wink

thanks a lot for helping to answer my question.
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September 30, 2015, 06:21:25 AM
 #1249

Best way to make bitcoin is trading and gambling. because I have some knowledge on these both. So, I believe I can make good sum of bitcoins.
chaser15
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September 30, 2015, 06:53:31 AM
 #1250

How about investing in a gambling sites bankroll like in moneypot or justdice?

Do you guys think that it can consider as one of the best method in earning btc's?

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safari88
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September 30, 2015, 07:02:22 AM
 #1251

Best way to make bitcoin is trading and gambling. because I have some knowledge on these both. So, I believe I can make good sum of bitcoins.

yes you are right, I also do both. I Also yesterday profit quite a lot on gambling and to trade I always make a profit of at least 1-10%/day

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September 30, 2015, 07:05:59 AM
 #1252

Probably already been mentioned but try GPT, cashback sites to earn money via paypal etc then convert to BTC.

I've tried gpt site about 3 years and i love it i can earn $2 daily from them just filled out the surveys and watching the fun video, and the last year they accepted bitcoin as payment unfortunatelly i've got banned  because i used vpn,i know its my bad, i used vpn because the usa's rate so high than other countries especially my country,anyway i just cashout my balance only 4 times through bitcoin most of them through paypal
Shibashi Dogemoto
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September 30, 2015, 07:23:37 AM
 #1253

How about investing in a gambling sites bankroll like in moneypot or justdice?

Do you guys think that it can consider as one of the best method in earning btc's?

i dont think so,
there's always a risk on investing especially on gambling sites, you'll never know what wil happen tomorrow or the next day
but its also a good way to earn btc , still not one of the best , at least for me. just my two cents
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September 30, 2015, 07:52:35 AM
 #1254

in several past months if we dont count sig and avatar camp good way here is design contest for signatures and banner
almost every week there is new competition for it.



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September 30, 2015, 11:48:28 AM
 #1255

the best ways to get bitcoins,Join in Signature Campaign that pays every week you payments. bought some contract cloud mining Wink
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September 30, 2015, 12:12:41 PM
 #1256

Getting salary in bitcoin is the nice way to make good amount of bitcoin in short time if you believe in bitcoins' future...
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September 30, 2015, 01:46:42 PM
 #1257

I would just make a casino/gambling site and earn Bitcoins. It could probably be the best way to earn them since the house always wins.  Grin

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September 30, 2015, 02:17:27 PM
 #1258

to start making bitcoin the best way is to join a singinture campain
to grow your bitcoin i recommend trading(must have a high capital for easy earning, you also have to know what you are doing) or holding(long-term way to earn money)
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September 30, 2015, 02:27:36 PM
 #1259

to start making bitcoin the best way is to join a singinture campain
to grow your bitcoin i recommend trading(must have a high capital for easy earning, you also have to know what you are doing) or holding(long-term way to earn money)
Everybody is suggesting signature campaign. But I find it too difficult to reply in forums in a meaningful way. Because only for a reason other than making bitcoin we can make meaningful constructive posts. Just for money no one can make good posts.
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September 30, 2015, 02:46:32 PM
 #1260

I would just make a casino/gambling site and earn Bitcoins. It could probably be the best way to earn them since the house always wins.  Grin

You will be earning long term if you manage to get enough players and resolve all issues. Many casinos fail, if you search gambling board you will see lots of them are offline.

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