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Author Topic: Moneypot or Bitdice  (Read 3457 times)
BoXXoB
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April 17, 2016, 12:49:29 PM
 #21

Having been around at BitDice for quite a long time I can say it's a good option to invest at. The owner is reputable and has proven to be trustworthy numerous times (processing large, 500+ BTC withdrawals).

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rindo
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April 17, 2016, 01:10:56 PM
 #22

I think a lot of trust dice sites
and I suggest more detailed info see the website owner if you are uncertain to invest Grin
fullypak
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April 17, 2016, 01:13:01 PM
 #23

I think, if you want to success in these casino sites investments then it is better to diversify your investments. Moneypot now got a new owner so it is better not to invest more on this site until we have very clear road map about there strategy. Apart from this moneypot site you also need to find few more good sites to invest your money to avoid big loses in worst cases. Good luck to you.
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April 17, 2016, 01:24:35 PM
 #24

if you want to choose between the two i would go with Moneypot because it is more popular than the other and also it has more games associated with it which makes more room.

Buying the dip...
Bagus Tubagus
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April 17, 2016, 01:57:38 PM
Last edit: April 17, 2016, 02:35:24 PM by Bagus Tubagus
 #25

many websites supporting investing, also betking.io, crypto-games.net, safedice.com
AcoinL.L.C
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April 17, 2016, 02:17:07 PM
 #26

many websites supporting investing, also betking.io, crypto-games.net, safedice.com

Safedice is insolvent, would highly suggest not investing there.


(And a scam accusation from a player who won over 100 BTC)
Bagus Tubagus
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April 17, 2016, 02:35:52 PM
 #27

many websites supporting investing, also betking.io, crypto-games.net, safedice.com

Safedice is insolvent, would highly suggest not investing there.


(And a scam accusation from a player who won over 100 BTC)
Damn just read it in their thread.
faridkifly
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April 17, 2016, 03:06:05 PM
 #28

i dont know dude.
but in my opinion none good place to invest over the place related to gambling.  Huh
lite
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April 17, 2016, 03:12:45 PM
 #29

Which site is better to invest in? I tried reading the rules for betdice but got confused...
I would advice not to invest in any of the gambling site, it's same as gambling there's no guarantee that you'll profit.

i dont know dude.
but in my opinion none good place to invest over the place related to gambling.  Huh
there are many good sites like betking,mp etc.
Nahl
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April 17, 2016, 03:16:13 PM
 #30

Which site is better to invest in? I tried reading the rules for betdice but got confused...
if i have to choice from those sites moneypot is the best because these sites also very popular here
and also i didn't see any problem regarding withdrawal and deposit on moneypot till now
lclclc223 (OP)
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April 17, 2016, 03:37:11 PM
 #31

Everybody keeps saying that there are risks involved with investing, but I'm not sure I understand where they're coming from. Is it that they might lost money in the short run, or because they could leave with your money?
erwin45hacked
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April 17, 2016, 03:41:16 PM
 #32

Everybody keeps saying that there are risks involved with investing, but I'm not sure I understand where they're coming from. Is it that they might lost money in the short run, or because they could leave with your money?

Any operator could run with your money because you let them keep it and the second will be variances. You will never know when the variances will hit the house real hard. Safedice bankroll got reduced by over 100 btc when some lucky gambler managed to win huge from the site so it is not really guaranteed profit even with house edge however in long term, most likely there will always be profit
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April 17, 2016, 04:08:30 PM
 #33

Everybody keeps saying that there are risks involved with investing, but I'm not sure I understand where they're coming from. Is it that they might lost money in the short run, or because they could leave with your money?

both.
generally speaking investing involves taking risks, these risks can be because what you invest in turns out to be a scam and run away or more commonly can be because what you have invested in didn't make any profit and lost money instead in the meanwhile.

in gambling both can be true and for the loss, when you invest in a bankroll you are sharing in the win or loss of the house which means if a gambler loses money you earn profit and if the gambler wins you lose money.

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April 17, 2016, 04:13:46 PM
 #34

Everybody keeps saying that there are risks involved with investing, but I'm not sure I understand where they're coming from. Is it that they might lost money in the short run, or because they could leave with your money?
You might lose money, a lot of money in the short run. A lucky gambler recently won 100+ BTC out of the 130 BTC bankroll, resulting in a huge loss for investors. MP investor profit also went from ~+20 BTC to ~-40 BTC a few months ago. A lot could happen with variance. Both things you said are exactly the risks, not much more that can happen other then the site getting hacked and funds are stolen.



Regarding your original question:
(Please note that I have invested in Moneypot and still do sometimes, and I haven't tried BitDice at all, so my answer might be slightly biased.)
I like investing in MoneyPot. It's simple, and easy to do. MP profit seems to be a bit more crazy then other site, probably because of all the different apps. It could jump up a lot overnight, or fall a lot, but it usually will recover pretty quickly, and you can come out with profit. It's more risky though, but has a higher reward.

taking a break - expect delayed responses
lclclc223 (OP)
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April 17, 2016, 04:53:06 PM
 #35

So what have the returns been historically? In the range of...
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April 17, 2016, 04:58:52 PM
 #36

Never tried moneypot as that one is the confusing one to me.
dice games are easy. You pick your odds of rolling winning number, you press roll , then you either win or lose. That is simplest thing in the world to understand. Moneypot on the other hand looks to be too confusing for the novice person to this new bitcoin gambling market.

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April 17, 2016, 05:24:06 PM
 #37

So what have the returns been historically? In the range of...

Moneypot's numbers are only for just over the last four months.  There's ~400 Bitcoin in the bankroll and a profit of ~100 Bitcoin.  This would mean that if the bankroll was steady at these numbers, investors would have seen a more than roughly 25% increase on their initial investment in this short time. 
lclclc223 (OP)
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April 17, 2016, 07:33:26 PM
 #38

So, um, did moneypot not exist 4 months ago?
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April 17, 2016, 08:22:16 PM
 #39

Everybody keeps saying that there are risks involved with investing, but I'm not sure I understand where they're coming from. Is it that they might lost money in the short run, or because they could leave with your money?

Both. And short run can also be long run. There's no guarantee that a site will have continued volume, or after the bankroll drops you might get diluted out.

Here should be a sobering graph of some of the risks involved:



...and there's sites that have done a lot worse (like been hacked). If you're investing more than a few percent of your money, you're just gambling yourself =)

Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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April 17, 2016, 08:28:35 PM
 #40

So, um, did moneypot not exist 4 months ago?

It has been in operation for over a year.  However, ~4 months ago, ownership changed hands and all stats were reset.  

The numbers that I mentioned above are the new stats since the change.
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