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Author Topic: Investing in btc casinos  (Read 40378 times)
adaseb
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September 01, 2017, 12:27:22 AM
 #861

What are you guys experiences in investing in Yolodice? Is it worth trying? Did you make money or loose? I just started with the minimum amount, just to try. Maybe I will put in more later on.

After about a month I believe I've made around 7% returns

I didn't have the same luck but I didn't keep my investment for long since I had to use it for something else
I was positive with yolodice mostly

However recently all casinos were turning a negative profit for me so I gave up on bankroll investments
Even Crypto-Games, which were dealing the biggest profit for the longest time
SafeDice was mostly negative for me

What I have learnt with these bitcoin casino dice investments is that you need to invest for a long range of time. Because there are times when you can start your bankroll and you account turns negative all of a sudden.

Then usually most people think they are being scammed and withdraw their potention and move on. Then later on the bankroll would of went back into break-even terrority and after a few months in the positive territory.

Basically its "get rich slow" method. You need to be really patient.
chris200x9
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September 01, 2017, 01:06:59 AM
 #862

Hello!

I've got a few coins on the side and I'd like to make them work.
Which gambling site do you advise me to invest in the bankroll?
personally,i think investing btc in casino have a high risk,better mining or trading,just save your money

Mining got even higher risk because it may take many months to recover back your investments and it is not suitable for many developed countries to reason their electricity charges are higher than what they can earn from mining. Investing in casino bankrolls are high risk but if you do a proper diversification then you can make a good profit in the longer run.
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September 01, 2017, 04:15:32 AM
 #863

Hello!

I've got a few coins on the side and I'd like to make them work.
Which gambling site do you advise me to invest in the bankroll?
personally,i think investing btc in casino have a high risk,better mining or trading,just save your money

Mining got even higher risk because it may take many months to recover back your investments and it is not suitable for many developed countries to reason their electricity charges are higher than what they can earn from mining. Investing in casino bankrolls are high risk but if you do a proper diversification then you can make a good profit in the longer run.

That is correct. Mining nowadays is not so worth at least in my country because as you said electrical charges very high so it is not economical to try mining. But both trading and investing in casinos are good to explore. I don't suggest you go for day trading because you may lose your investments faster than expected so always just buy good coins and hold to sell at higher prices.
adaseb
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September 01, 2017, 07:03:21 AM
 #864

Hello!

I've got a few coins on the side and I'd like to make them work.
Which gambling site do you advise me to invest in the bankroll?
personally,i think investing btc in casino have a high risk,better mining or trading,just save your money

Mining got even higher risk because it may take many months to recover back your investments and it is not suitable for many developed countries to reason their electricity charges are higher than what they can earn from mining. Investing in casino bankrolls are high risk but if you do a proper diversification then you can make a good profit in the longer run.

That is correct. Mining nowadays is not so worth at least in my country because as you said electrical charges very high so it is not economical to try mining. But both trading and investing in casinos are good to explore. I don't suggest you go for day trading because you may lose your investments faster than expected so always just buy good coins and hold to sell at higher prices.

Mining is very different because you are actually buying hardware so its not quite the same as an investment where you just buy it and forget about it. You need to physically have the hardware and support it.

Mining used to be OK but with the recent surge of Ethereum price its basically very difficult to get started because you can't even buy any of the hardware. Most of the motherboards which support 6+ GPUs are out of stock, many of the 6+ GPU motherboards can only run 4 GPU. Also many large PSUs are out of stock or oversold. And last but not least are the impossible to find GPUs. Even if you find some in stock they are very badly overpriced.
game-protect
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September 01, 2017, 07:54:58 AM
 #865

Here is some experience of investors:

SatoshiDice scam, 500+ Bitcoins defrauded and disappeared!

Hence, select your site to invest wisely! Google "name + scam" can also help. Wink
michkima
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September 01, 2017, 10:12:59 AM
 #866

Here is some experience of investors:

SatoshiDice scam, 500+ Bitcoins defrauded and disappeared!

Hence, select your site to invest wisely! Google "name + scam" can also help. Wink

This is what scares me about gambling site investments. How can we prevent this from happening? The only thing we can do is go after them in their own jurisdiction which will be hard and probably impossible.

Though I would say that the satoshidice scam was isolated. What happened there was that the original owners sold it to the people that initiated the scam. If it was not sold to them then it could have not happened at all. I may be wrong, but that's my analysis of what happened there.
MinerHQ
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September 02, 2017, 02:04:39 AM
 #867

Here is some experience of investors:

SatoshiDice scam, 500+ Bitcoins defrauded and disappeared!

Hence, select your site to invest wisely! Google "name + scam" can also help. Wink

It is quite hard to find out what people are going to do in the future. They may be good now but later for some reason they may close the site. The best option is don't put all your money in any one site but diversify your funds. If any one site close also you will not lose all your money. To find out whether the site is good or not this forum has got a lot of resources to find out no need to go to google particularly to check gambling sites trust.
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September 02, 2017, 04:41:00 AM
 #868

Here is some experience of investors:

SatoshiDice scam, 500+ Bitcoins defrauded and disappeared!

Hence, select your site to invest wisely! Google "name + scam" can also help. Wink

It is quite hard to find out what people are going to do in the future. They may be good now but later for some reason they may close the site. The best option is don't put all your money in any one site but diversify your funds. If any one site close also you will not lose all your money. To find out whether the site is good or not this forum has got a lot of resources to find out no need to go to google particularly to check gambling sites trust.

Just like Betking happening they closed down there website and close there investments before but the biggest mystery is why they select to do that? while they are planning to came back in future and now they are running there own coin but I don't have any information if they where successful in there sale.

And for Closure issue will not occur on there site where they invest there funds in much better if they will go directly on big sites so that a possible refunds will be get if they will choose to go down.

R


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September 02, 2017, 05:38:20 PM
 #869

Here is some experience of investors:

SatoshiDice scam, 500+ Bitcoins defrauded and disappeared!

Hence, select your site to invest wisely! Google "name + scam" can also help. Wink

It is quite hard to find out what people are going to do in the future. They may be good now but later for some reason they may close the site. The best option is don't put all your money in any one site but diversify your funds. If any one site close also you will not lose all your money. To find out whether the site is good or not this forum has got a lot of resources to find out no need to go to google particularly to check gambling sites trust.

Just like Betking happening they closed down there website and close there investments before but the biggest mystery is why they select to do that? while they are planning to came back in future and now they are running there own coin but I don't have any information if they where successful in there sale.
Betking ico has collected over $5 million, i think the ico is successful. you can view all the funds collected on betking.io, also you can read this (https://www.bitcoin-millionaire.com/business-betking/) interview to get answer for some of your question. anyways ico will be over in day!
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September 04, 2017, 10:28:16 AM
 #870

Here is some experience of investors:

SatoshiDice scam, 500+ Bitcoins defrauded and disappeared!

Hence, select your site to invest wisely! Google "name + scam" can also help. Wink

It is quite hard to find out what people are going to do in the future. They may be good now but later for some reason they may close the site. The best option is don't put all your money in any one site but diversify your funds. If any one site close also you will not lose all your money. To find out whether the site is good or not this forum has got a lot of resources to find out no need to go to google particularly to check gambling sites trust.

We should practice diversification in our investing. This is our way to mitigate risk when one of out investment vehicles is going down. Just like an example with betking, when you are just replying all of your money, investment, and gain to their site, it was just a short-lived due to their closing - although they have given back all of the coins of their investors..
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September 04, 2017, 10:54:02 AM
 #871

What are you guys experiences in investing in Yolodice? Is it worth trying? Did you make money or loose? I just started with the minimum amount, just to try. Maybe I will put in more later on.

After about a month I believe I've made around 7% returns

I didn't have the same luck but I didn't keep my investment for long since I had to use it for something else
I was positive with yolodice mostly

However recently all casinos were turning a negative profit for me so I gave up on bankroll investments
Even Crypto-Games, which were dealing the biggest profit for the longest time
SafeDice was mostly negative for me

But at first you were having profits, right? What is your overall experience with investing in Crypto-Games? Was it profitable in whole? I thought the site was very successful in the past, that's why I'm asking.

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Flor1982
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September 04, 2017, 02:21:14 PM
 #872

It isnt really good to invest in btc casinos.Invest in casinos is really risky but there are other type of sites like revenue share and ptc sites which have lower risk to invest.

Investing in casino is good if there is opportunity as long as that casino company is reliable or not a scam. Now a days more and more people are becoming gambler and it makes the casino owners happy so they will need more investors to sustain the operation just make sure the casino site you choosing are trust worthy or else they will run away with your bitcoin. 
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September 04, 2017, 02:26:47 PM
 #873

It isnt really good to invest in btc casinos.Invest in casinos is really risky but there are other type of sites like revenue share and ptc sites which have lower risk to invest.

Investing in casino is good if there is opportunity as long as that casino company is reliable or not a scam. Now a days more and more people are becoming gambler and it makes the casino owners happy so they will need more investors to sustain the operation just make sure the casino site you choosing are trust worthy or else they will run away with your bitcoin. 

Systems/devs/people that are trustworthy most of the time are people who have made their name, reputation over the years. And researching on someone's background isn't that hard this time as technology can provide necessary information.

New Bitcointalk Talkshow Video(Aug 2023). Bitcointalk discussion
My bitsler ref link bitsler.com
DogecoinMachine
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September 04, 2017, 02:52:37 PM
 #874

What are you guys experiences in investing in Yolodice? Is it worth trying? Did you make money or loose? I just started with the minimum amount, just to try. Maybe I will put in more later on.

After about a month I believe I've made around 7% returns

I didn't have the same luck but I didn't keep my investment for long since I had to use it for something else
I was positive with yolodice mostly

However recently all casinos were turning a negative profit for me so I gave up on bankroll investments
Even Crypto-Games, which were dealing the biggest profit for the longest time
SafeDice was mostly negative for me

But at first you were having profits, right? What is your overall experience with investing in Crypto-Games? Was it profitable in whole? I thought the site was very successful in the past, that's why I'm asking.
You can monitor active Crypto-Games.net investments here:
https://bitcointalk.org/index.php?topic=1796062

Past investment experiment:
https://bitcointalk.org/index.php?topic=1585408.0

Or you can monitor investment graphs directly on site under "investments"

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BTCevo
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September 05, 2017, 01:47:59 AM
 #875

What are you guys experiences in investing in Yolodice? Is it worth trying? Did you make money or loose? I just started with the minimum amount, just to try. Maybe I will put in more later on.

After about a month I believe I've made around 7% returns

I didn't have the same luck but I didn't keep my investment for long since I had to use it for something else
I was positive with yolodice mostly

However recently all casinos were turning a negative profit for me so I gave up on bankroll investments
Even Crypto-Games, which were dealing the biggest profit for the longest time
SafeDice was mostly negative for me

But at first you were having profits, right? What is your overall experience with investing in Crypto-Games? Was it profitable in whole? I thought the site was very successful in the past, that's why I'm asking.

What is the point of asking? I believe every gambling investment sure profitable in the end. But as you know all investment bear some huge risk but not in gambling industry because what they really need to do is get as much profit as they can and they boost their profit by setting house edge. This is why you will profitable in the end so there is no need to worry about gambling investment
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September 05, 2017, 02:10:57 AM
 #876

What are you guys experiences in investing in Yolodice? Is it worth trying? Did you make money or loose? I just started with the minimum amount, just to try. Maybe I will put in more later on.

After about a month I believe I've made around 7% returns

I didn't have the same luck but I didn't keep my investment for long since I had to use it for something else
I was positive with yolodice mostly

However recently all casinos were turning a negative profit for me so I gave up on bankroll investments
Even Crypto-Games, which were dealing the biggest profit for the longest time
SafeDice was mostly negative for me

But at first you were having profits, right? What is your overall experience with investing in Crypto-Games? Was it profitable in whole? I thought the site was very successful in the past, that's why I'm asking.

What is the point of asking? I believe every gambling investment sure profitable in the end. But as you know all investment bear some huge risk but not in gambling industry because what they really need to do is get as much profit as they can and they boost their profit by setting house edge. This is why you will profitable in the end so there is no need to worry about gambling investment

Not true. Did you invest in moneypot bankroll investments or checked?

For a long time, investors are not making money from their investments so it is very important to check the site past performance before investing. There is no point in waiting for very long time to get small amount profit. If you're making losses for some time then it is better to move those funds to some other place. I also did same after I got around 20% losses from moneypot investments then I moved those funds to crypto-games and managed to recover my losses.
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September 05, 2017, 06:13:13 AM
 #877

What are you guys experiences in investing in Yolodice? Is it worth trying? Did you make money or loose? I just started with the minimum amount, just to try. Maybe I will put in more later on.

After about a month I believe I've made around 7% returns

I didn't have the same luck but I didn't keep my investment for long since I had to use it for something else
I was positive with yolodice mostly

However recently all casinos were turning a negative profit for me so I gave up on bankroll investments
Even Crypto-Games, which were dealing the biggest profit for the longest time
SafeDice was mostly negative for me

But at first you were having profits, right? What is your overall experience with investing in Crypto-Games? Was it profitable in whole? I thought the site was very successful in the past, that's why I'm asking.

What is the point of asking? I believe every gambling investment sure profitable in the end. But as you know all investment bear some huge risk but not in gambling industry because what they really need to do is get as much profit as they can and they boost their profit by setting house edge. This is why you will profitable in the end so there is no need to worry about gambling investment
I believe that investing on gambling sites will be profitable at the end because the house edge is siding with the bookie, but the problem is the fear of investors. when they see the balance on their investment continues to diminish they panic and fear then they withdraw their investment from bankroll. so all they get is a loss? I think the key is to be patient when you invest in a casino site
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September 05, 2017, 06:21:37 AM
 #878

If there was a chance to invest in primedice I would do that seem like the most profitable gambling site in bitcoin.
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September 05, 2017, 09:34:13 AM
 #879

If there was a chance to invest in primedice I would do that seem like the most profitable gambling site in bitcoin.
And who forbids?
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September 05, 2017, 01:58:44 PM
 #880

If there was a chance to invest in primedice I would do that seem like the most profitable gambling site in bitcoin.
Indeed they're the most profitable gambling site, they won't accept public investment though, it's because they got sufficient funds to pay off users winnings. there are other sites you know where you can invest your btc,eth or ltc and profit. Wink
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