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Author Topic: Snipie's gambling investment test  (Read 5721 times)
snipie
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January 08, 2021, 02:27:50 PM
 #401

The investment amount would be dropped more as the price keep increasing until now. Most of investors have withdrawn their investment on all coins as i can see it from lower max bet and lower current investment.
Yeah almost forgot about max bet but what you said is very accurate, in fact the currently invested amount is 173.70763575 BTC which is 5.4 BTC lower than what used to be 2 days ago!!

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January 08, 2021, 11:55:09 PM
 #402

Updated both tables.
Since the price is high, the number of investors and the amount invested continued its dropping to the lowest number since the beginning of my record months ago!
Otherwise our profits are quite stable overall.

Thanks for the regular update  Smiley
It is interesting if a bear market starts, will we see the opposite trend (whether the number of investors and the amount of investments will increase). In fact, this algorithm (withdrawal of investments when the price of the invested asset rises) seems strange to me. It seems to me that when we invest and get a double profit (from the investment and from the increase in the price of the asset) is the best option.

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snipie
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January 09, 2021, 12:08:04 AM
 #403

Updated both tables.
Since the price is high, the number of investors and the amount invested continued its dropping to the lowest number since the beginning of my record months ago!
Otherwise our profits are quite stable overall.

Thanks for the regular update  Smiley
It is interesting if a bear market starts, will we see the opposite trend (whether the number of investors and the amount of investments will increase). In fact, this algorithm (withdrawal of investments when the price of the invested asset rises) seems strange to me. It seems to me that when we invest and get a double profit (from the investment and from the increase in the price of the asset) is the best option.
Thank you Smiley
Right now some people are in hurry to sell their coins for different reasons. Admins might sell some to cover their expenses in site management or for real life things. Other people reached their target ATH and decided it is time to sell.
Right now I see a whale grabbing 2 BTC from the site and the currently invested amount is dropping badly to 129.70583037 BTC, I will update the 2nd table tho!

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January 13, 2021, 03:31:29 PM
 #404

Updated the table.
Currently the invested amount is stable but the number of investors and investment is dropping steadily..
The profit recovered a little bit after a drop down to 0.0005 BTC, to stabilise in +0.00065 BTC.
The most significant change during this week is obviously the share rate increasing to 0.0099%.

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January 13, 2021, 04:08:50 PM
 #405

<snip>
Overall invested amount have decreased significantly since last week. Nearly 48 btc have been taken out from the invested funds. So the raise of your share rate is logical Wink. Now the same amount of profit/loss by gamblers will create more impact in your invested funds than before. I hope you will stay for a long time with your investment without following others.

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January 14, 2021, 12:16:04 AM
 #406

<snip>
Overall invested amount have decreased significantly since last week. Nearly 48 btc have been taken out from the invested funds. So the raise of your share rate is logical Wink. Now the same amount of profit/loss by gamblers will create more impact in your invested funds than before. I hope you will stay for a long time with your investment without following others.
Yeah. Honestly once I feel that my investment will turn red I will not hesitate to withdraw it. As you mentioned with the rise of the share, the impact of every move in either direction will be more significant and possibly more painful seeing the latest trending.

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January 14, 2021, 02:30:09 AM
 #407

<snip>
Overall invested amount have decreased significantly since last week. Nearly 48 btc have been taken out from the invested funds. So the raise of your share rate is logical Wink. Now the same amount of profit/loss by gamblers will create more impact in your invested funds than before. I hope you will stay for a long time with your investment without following others.
Yeah. Honestly once I feel that my investment will turn red I will not hesitate to withdraw it. As you mentioned with the rise of the share, the impact of every move in either direction will be more significant and possibly more painful seeing the latest trending.

The wagering volume for BTC is still really low so the impact has not been so severe on our ROI. We are only continuing to see investments slowly losing profit.

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January 20, 2021, 01:13:34 PM
 #408

Updated both tables.
No big changes as usual. A slightly drop was noted but not that significant in our profits, opened investments and investors number.

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January 23, 2021, 03:53:03 PM
 #409

In coming update you will see some more drop in your profits as couple of days back, somebody was lucky enough to win a BTC. My ROI is now down to -7.5%. the last competition held in btc resulted a huge drop and now only such big whales who can come back and play might help to change the scenario else will be quite stable around this marks only.

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January 23, 2021, 10:17:35 PM
 #410

In coming update you will see some more drop in your profits as couple of days back, somebody was lucky enough to win a BTC. My ROI is now down to -7.5%. the last competition held in btc resulted a huge drop and now only such big whales who can come back and play might help to change the scenario else will be quite stable around this marks only.
Yeah indeed. I noticed it 2 days ago and decided to monitor it before updating the table mid-week.. Unfortunately the drop was quite significant and I am on +0.00047511 btc with 3.8% ROI... Things are getting worse lately and I am afraid from the next competition which is supposed to occur soon?

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Today at 01:55:58 AM
 #411

In coming update you will see some more drop in your profits as couple of days back, somebody was lucky enough to win a BTC. My ROI is now down to -7.5%. the last competition held in btc resulted a huge drop and now only such big whales who can come back and play might help to change the scenario else will be quite stable around this marks only.
Yeah indeed. I noticed it 2 days ago and decided to monitor it before updating the table mid-week.. Unfortunately the drop was quite significant and I am on +0.00047511 btc with 3.8% ROI... Things are getting worse lately and I am afraid from the next competition which is supposed to occur soon?

I doubt they would do competitions in BTC back to back. If they do BTC or Doge, which are the coins I'm invested in, I hope it is a 'biggest loser' competition. Some time ago they had a competition and the winners were the players that had the biggest losses.

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Today at 11:22:47 AM
 #412

There is some of gambling sites offer an investment to us, so we need to grab this and make a review of what gambling websites is good to invest and comparing the profit that investors get on every gambling sites they made investment so we can choose who is better to put our money. Youlodice is one of the good invesyment gambling that I can recommended to us.

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