dothebeats
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May 14, 2015, 09:30:15 AM |
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Cloud mining nowadays is a scary "investment" if you would ask me because apparently, the operators of this kind of service never show their identity to their peers and investors. Also, they can easily create some "proofs" that would help them hide their true intentions by showing pictures of their "mining hardware". Most of the time, this cloud mining sites turn out to be a pyramid scheme, giving some "mining revenues" to their investors as long as it is "profitable" and after some months or a year, will turn out to be a scam and poof! All coins gone.
Dice site investment on the other hand, is also risky but is less scarier compared to its cloud mining counterpart in terms of investment. Dice site could actually give you some profit over time unless a lucky player shatters the whole house within a single moment. The house edge is proven to be unbeatable over time and the house always wins. But there are times when the house loses to a single entity that could cripple some investments on it.
Whatever the case, still your choice in the end.
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sherbyspark
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May 14, 2015, 10:09:35 AM |
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hey guys i was planning to invest my BTC but what is more profitable among those two?
Dice Site BANKROLL or Cloud Mining
I would suggest staying away from gambling site investing , The past has shown that they are more riskier than any form of investing specially because you are essentially trusting your coins with an anonymous third party. Just for the 1% you will have to risk it all and might not even get anything back.
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shulio
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May 14, 2015, 10:20:09 AM |
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I would suggest staying away from gambling site investing , The past has shown that they are more riskier than any form of investing specially because you are essentially trusting your coins with an anonymous third party. Just for the 1% you will have to risk it all and might not even get anything back.
The same thing as investing in a cloudmining and the risk are greater there where you have to wake up sometimes just to see that your payment is not arrived yet. It is not risking all to get 1 %. 1 % is the minimum that you will get since that is what house edge is for and ofcourse most sites get more than it
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Kakmakr
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Leading Crypto Sports Betting & Casino Platform
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May 14, 2015, 10:57:49 AM |
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Great Question I would come from another angle and that is what carry the highest risk vs reward. I would rather invest in a operation with a low risk and low reward, than visa versa. Based on that, I would rather invest in Cloud mining. If a gambling operation cannot fund it's own pot, and they need external funding, I would be worried. At least with Cloud mining you know it's mostly ponzi funded and you could plan for early extraction, if things looks dodgy.
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shulio
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May 14, 2015, 11:08:26 AM |
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Great Question I would come from another angle and that is what carry the highest risk vs reward. I would rather invest in a operation with a low risk and low reward, than visa versa. Based on that, I would rather invest in Cloud mining. If a gambling operation cannot fund it's own pot, and they need external funding, I would be worried. At least with Cloud mining you know it's mostly ponzi funded and you could plan for early extraction, if things looks dodgy.
Gambling sites that has investment feature doesnt mean that the owner does not have the fund for the site but if you have larger bankroll, it will be easier to attract more big player to play , there is a house edge for the game which means that the site will always gain profit in long term. That is why some dice sites taking investment
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twister
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May 14, 2015, 11:28:22 AM |
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Cloud mining nowadays is a scary "investment" if you would ask me because apparently, the operators of this kind of service never show their identity to their peers and investors. Also, they can easily create some "proofs" that would help them hide their true intentions by showing pictures of their "mining hardware". Most of the time, this cloud mining sites turn out to be a pyramid scheme, giving some "mining revenues" to their investors as long as it is "profitable" and after some months or a year, will turn out to be a scam and poof! All coins gone.
Dice site investment on the other hand, is also risky but is less scarier compared to its cloud mining counterpart in terms of investment. Dice site could actually give you some profit over time unless a lucky player shatters the whole house within a single moment. The house edge is proven to be unbeatable over time and the house always wins. But there are times when the house loses to a single entity that could cripple some investments on it.
Whatever the case, still your choice in the end.
You're right but there is no way to be sure that a gambling site won't run away when it has accumulated enough funds. Bitcoin investments are always risky because there is no central authority regulating the funds and there is also no legal agreements. I say both have equal risks but there has been less instances of gambling sites running away with people's funds in the past as compared to so called Cloud Mining sites, so I guess they can be considered a little safe for now and if a Gambling site is running a legit business than it will provide better profits in long term to it's investors.
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Kyraishi
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May 14, 2015, 11:41:32 AM |
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hey guys i was planning to invest my BTC but what is more profitable among those two?
Dice Site BANKROLL or Cloud Mining
I don't think either of those are profitable. Not for you as an investor anyway. If either was profitable then they wouldn't want people in
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MarbleBoss
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May 14, 2015, 11:51:11 AM |
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hey guys i was planning to invest my BTC but what is more profitable among those two?
Dice Site BANKROLL or Cloud Mining
For both, you are solely dependent on Luck. If you want to add strategy with Luck factor, try innovative Social gambling games like CrazyPonzi.com.
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Amph
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May 14, 2015, 12:00:41 PM Last edit: May 14, 2015, 02:49:02 PM by Amph |
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hey guys i was planning to invest my BTC but what is more profitable among those two?
Dice Site BANKROLL or Cloud Mining
For both, you are solely dependent on Luck. If you want to add strategy with Luck factor, try innovative Social gambling games like CrazyPonzi.com. ponzi are even worse, you know that one day they will run away with your money for sure i still think that cloud mining are more legit and less risky than pure gambling sites like dice, these site have a high percentage of luck, while with a cloud there isn't much luck involved. if you can follow the price and the diff well enough, you can then go out from cloud mining by selling your contract , ahead of time... also with cloud you can reach roi at least, if you can reach it you are done, everything after that is pure profit
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thebenjamincode (OP)
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May 14, 2015, 12:06:25 PM |
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hey guys i was planning to invest my BTC but what is more profitable among those two?
Dice Site BANKROLL or Cloud Mining
You have better chances lending it out and collect interest. However, my advice to you is: Work for it. What do I mean is, buy a Sr+ Member account and enroll in Signature campaigns. That way you are sure that your investment will pay back and make you profit. how much does a sr. account cost and where can i buy it?
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louise123
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May 14, 2015, 12:11:40 PM |
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hey guys i was planning to invest my BTC but what is more profitable among those two?
Dice Site BANKROLL or Cloud Mining
You have better chances lending it out and collect interest. However, my advice to you is: Work for it. What do I mean is, buy a Sr+ Member account and enroll in Signature campaigns. That way you are sure that your investment will pay back and make you profit. how much does a sr. account cost and where can i buy it? Prices range depending on the account. You can get one from the Digital Goods Forum: https://bitcointalk.org/index.php?board=93.0There is one here for sale: https://bitcointalk.org/index.php?topic=1059639.0
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Jeremycoin
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𝓗𝓞𝓓𝓛
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May 14, 2015, 12:13:11 PM |
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With Dice/Gambling you could have more profit, but not safe. And with Cloud Mining you couldn't have a big profit, but more safer.
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faucet used to be profitable
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crazyivan
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DMD Diamond Making Money 4+ years! Join us!
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May 14, 2015, 12:16:05 PM |
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Cloud mining can be profitable if you know what company to choose. Never tried gambling or investing into gambling though.
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shulio
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May 14, 2015, 12:38:39 PM |
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With Dice/Gambling you could have more profit, but not safe. And with Cloud Mining you couldn't have a big profit, but more safer.
This is a very wrong post or are you mixed it up by accident? most cloudmining promised you a ROI after x months but a dice sites never promises you so. Even after a year, you wont even get 100 % of what you invested in a dice site but with cloudmining a year is when you can gain more than what you have invested and ofcourse dice site is safer if you know where to put in
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louise123
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May 14, 2015, 01:01:53 PM |
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hey guys i was planning to invest my BTC but what is more profitable among those two?
Dice Site BANKROLL or Cloud Mining
You have better chances lending it out and collect interest. However, my advice to you is: Work for it. What do I mean is, buy a Sr+ Member account and enroll in Signature campaigns. That way you are sure that your investment will pay back and make you profit. how much does a sr. account cost and where can i buy it? Prices range depending on the account. You can get one from the Digital Goods Forum: https://bitcointalk.org/index.php?board=93.0There is one here for sale: https://bitcointalk.org/index.php?topic=1059639.0There is another sale here for 2 accounts, 1 Sr. Member and one Member. https://bitcointalk.org/index.php?topic=1059168It's the same price as the one quoted above, however the one quoted above will become Hero Member soon.
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El Emperador
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May 14, 2015, 01:03:45 PM |
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Cloud Mining usually isn't profitable, while investing in the house of a gambling website could be. Anyway, be really aware because many dice sites scam, or disappear or never pay investors for months...choose a good company and read all the opinions of the previous investors.
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Troonetpt
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May 14, 2015, 01:23:56 PM |
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Cloud mining is more like a ponzi, it's hardly last, the hashrate rise rapidly, and Cloud mining can follow it.
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NorrisK
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May 14, 2015, 01:27:24 PM |
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Or You start your own dice site, earn 0,5% on total played. On top of it, You can sell add space when You have enough unique visitors.
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dothebeats
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May 14, 2015, 01:37:23 PM |
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Cloud mining nowadays is a scary "investment" if you would ask me because apparently, the operators of this kind of service never show their identity to their peers and investors. Also, they can easily create some "proofs" that would help them hide their true intentions by showing pictures of their "mining hardware". Most of the time, this cloud mining sites turn out to be a pyramid scheme, giving some "mining revenues" to their investors as long as it is "profitable" and after some months or a year, will turn out to be a scam and poof! All coins gone.
Dice site investment on the other hand, is also risky but is less scarier compared to its cloud mining counterpart in terms of investment. Dice site could actually give you some profit over time unless a lucky player shatters the whole house within a single moment. The house edge is proven to be unbeatable over time and the house always wins. But there are times when the house loses to a single entity that could cripple some investments on it.
Whatever the case, still your choice in the end.
You're right but there is no way to be sure that a gambling site won't run away when it has accumulated enough funds. Bitcoin investments are always risky because there is no central authority regulating the funds and there is also no legal agreements. I say both have equal risks but there has been less instances of gambling sites running away with people's funds in the past as compared to so called Cloud Mining sites, so I guess they can be considered a little safe for now and if a Gambling site is running a legit business than it will provide better profits in long term to it's investors. There are no certainties in the crypto world. As long as there is an influx of money, scammers and the likes would probably be riding the waves for profit. Amazingly, there are services and gambling sites that are rock-solid up until now and proven that they are worthy of the trust given by the community to them, like Primedice and just-dice
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bitllionaire
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May 14, 2015, 01:42:05 PM |
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Cloud mining is not profitable at all,so I'd say dice investment,but it's not a totally secure investment because you may finish losing too,but if you have luck you will win
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