Bitcoin Gambling Investments

[henmark]

Second week and I'm straight back in the black:

https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-3-week-2-of-52

Glad you have recovered and got some profit from your investment but the sad thing is, bitcoin value is down a lot for now.

I am also happy for him because it is very rare that someone recoups his loss. As far as the present price of bitcoin is concerned, indeed it has decreased almost 1500 dollars but it must not dishearten anyone.  We all know that it is dump phase and the price may even further decrease. But, it won't be this way for long.

[mirakal]

Second week and I'm straight back in the black:

https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-3-week-2-of-52

Glad you have recovered and got some profit from your investment but the sad thing is, bitcoin value is down a lot for now.

I am also happy for him because it is very rare that someone recoups his loss. As far as the present price of bitcoin is concerned, indeed it has decreased almost 1500 dollars but it must not dishearten anyone.  We all know that it is dump phase and the price may even further decrease. But, it won't be this way for long.

The dump phase is over as it's not very quick for the price to recover, in fact we just hit $4,000 dollars again and we might break the $5,000 dollars soon.
I've been monitoring the price ever since there was a FUD from China shutting down exchanges and those bad remarks of JP Morgan CEO but the dump was temporary so we are back on the good price that will make us inspired again.

[bitgolden]

Second week and I'm straight back in the black:

https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-3-week-2-of-52

Glad you have recovered and got some profit from your investment but the sad thing is, bitcoin value is down a lot for now.

It sure is down a bit, but this is Bitcoin - It has to be expected!

Bitcoin is again gaining value, last time when I checked the value; it was somewhere around 3500 dollars so no need to mourn the price. Bitcoin has a great potential of value gaining and soon it is going to give us all another demonstration of its power. As you said, we can always expect recovery from bitcoins...

[Markistrue]

When investing in a thing like casino sites the only risk you are having is that the casino may cheat you and tell you that you lost money but you actually won.
Or the casino is getting closed by law and your funds are being seized.
I think that if you choose the right casino it could be really profitable.

Actually that isn't mostly the issue rather most gambling sites that offer investment only gives a few percentage on their income and that will be very very low since some are being won by players so its better to invest your money on mining sites or altcoins that you think has a lot of potential.

the risk is not proportional to the losses we can get. That's a term I think is most appropriate for those who do invest in casinos or gambling, as you say that it's all very dangerous for those who do not have a strong soul. Indeed, profits in investment is very high, but if we have stepped on gambling investment then it can be said can happen or even never will happen. Because gambling is full of immense uncertainties compared to trading or investment other than gambling. Be patient and keep trying the best is a step that will give you many advantages.

[iluvbitcoins]

When investing in a thing like casino sites the only risk you are having is that the casino may cheat you and tell you that you lost money but you actually won.
Or the casino is getting closed by law and your funds are being seized.
I think that if you choose the right casino it could be really profitable.

Actually that isn't mostly the issue rather most gambling sites that offer investment only gives a few percentage on their income and that will be very very low since some are being won by players so its better to invest your money on mining sites or altcoins that you think has a lot of potential.

the risk is not proportional to the losses we can get. That's a term I think is most appropriate for those who do invest in casinos or gambling, as you say that it's all very dangerous for those who do not have a strong soul. Indeed, profits in investment is very high, but if we have stepped on gambling investment then it can be said can happen or even never will happen. Because gambling is full of immense uncertainties compared to trading or investment other than gambling. Be patient and keep trying the best is a step that will give you many advantages.

Depends how well you do your research.
If you invest in any casinos bankroll it's definitely not work the risk, but look at OP.
Look at the list he started with and look at his list now.
He has removed numerous casinos and added many new ones to the list.
He chose the casinos there were responsive, credible and delivered a profit beforehand and he doubled his BTC balance in a year!
Even if some casinos did run away with his money, since his investment is diversified he'd still end up in profit (in BTC terms, not just USD).
I've tried following him but didn't have a lot of luck, ended up with a slight loss so I gave it up.

[casinolize.com]

i think investing in newer dice sites is even better than investing in the old ones. simply because there are far less investors which makes any new investor a big whale because of the percentage share he gets. so with smaller amounts you can make a large profit.

although i totally agree about the risks of investing in a new casino because of it being unknown and without history and trust.

Risk is part of the game, you will get high return however the main risk will still be trust issue. You wont know if the site is just going to play on their own and pretend that a whale smack the entire house or even worse there could be some security issue that would let people drain the bankroll in just few turns

These are all known risks in casino bankroll investments. Instead of worrying on these risks find ways how to minimise these risks. One best option is diversifying our funds and invest in few good casino bankrolls. If one go wrong also overall profits or investments will not go down much, but in the longer run, we can make decent profits from this method.

Yeah it is good to divert the investments in different portfolios.

[coingamblingreviews]

i think investing in newer dice sites is even better than investing in the old ones. simply because there are far less investors which makes any new investor a big whale because of the percentage share he gets. so with smaller amounts you can make a large profit.

although i totally agree about the risks of investing in a new casino because of it being unknown and without history and trust.

Risk is part of the game, you will get high return however the main risk will still be trust issue. You wont know if the site is just going to play on their own and pretend that a whale smack the entire house or even worse there could be some security issue that would let people drain the bankroll in just few turns

These are all known risks in casino bankroll investments. Instead of worrying on these risks find ways how to minimise these risks. One best option is diversifying our funds and invest in few good casino bankrolls. If one go wrong also overall profits or investments will not go down much, but in the longer run, we can make decent profits from this method.

Yeah it is good to divert the investments in different portfolios.

Are you guys planning on offering an invest option?

[iluvbitcoins]

I gotta ask what made you take out a lot of your funds to active investments instead of the cold storage?
In months following you I've seen you've had a lot of funds deposited in your cold storage all the time
Sometimes more than in investments combined
Now I see you have 10BTC in each casino  (except SafeDice which is 3BTC)
What made you make the switch?

[coingamblingreviews]

I gotta ask what made you take out a lot of your funds to active investments instead of the cold storage?
In months following you I've seen you've had a lot of funds deposited in your cold storage all the time
Sometimes more than in investments combined
Now I see you have 10BTC in each casino  (except SafeDice which is 3BTC)
What made you make the switch?

Good question. Lending returns dropped a lot, BetKing came back online (which I really trust) and after 1 year of investing with no issues I decided to up the ante!

[coingamblingreviews]

Week 3 is up and with the BetKing tokens released I have made over 4 BTC's. Full location of investments are below:

https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-4-week-3-of-52

[LuanX3]

I gotta ask what made you take out a lot of your funds to active investments instead of the cold storage?
In months following you I've seen you've had a lot of funds deposited in your cold storage all the time
Sometimes more than in investments combined
Now I see you have 10BTC in each casino  (except SafeDice which is 3BTC)
What made you make the switch?

Good question. Lending returns dropped a lot, BetKing came back online (which I really trust) and after 1 year of investing with no issues I decided to up the ante!

And look where his investment got him now. The 5 btc he initially invest gained 50% in revenues in bitcoin, and totally x10 it in fiat equivalent. 50% per annum is quite good investment and that's not even taking into account the price increase of bitcoins.

Would say good catch on betking, wish I had the money to invest when it re-opened.

[lorylore]

Week 3 is up and with the BetKing tokens released I have made over 4 BTC's. Full location of investments are below:

https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-4-week-3-of-52

Thanks for keeping us updated. And congratz on making the 4btc. With 10btc invested and becoming 14btc now, betking has really lived up to its name.

[jamie1029]

The problem is when you invest in an ICO like betking, your investment, to me is more risky because it's going to rise and fall based on speculation. Investing in a bankroll on the other hand (e.g. Safedice, Yolodice, Crypto-Games) is safer because there's no bs; if gamblers are losing, you make money. Income is more stable and reliable.

[coingamblingreviews]

The problem is when you invest in an ICO like betking, your investment, to me is more risky because it's going to rise and fall based on speculation. Investing in a bankroll on the other hand (e.g. Safedice, Yolodice, Crypto-Games) is safer because there's no bs; if gamblers are losing, you make money. Income is more stable and reliable.

Fair comments - lets see how it plays out over the year. It will be volatile for sure!

[hua_hui]

The problem is when you invest in an ICO like betking, your investment, to me is more risky because it's going to rise and fall based on speculation. Investing in a bankroll on the other hand (e.g. Safedice, Yolodice, Crypto-Games) is safer because there's no bs; if gamblers are losing, you make money. Income is more stable and reliable.

ICO is a very different game. I do know of ico like 0x and kyber which gain like 10x after ico, and looking at where ethereum is now compare to its ico price. However, most of the other coins has lost almost all of its value. So you need to do a lot of research before you should invest in any ico. You have to look at dev team, their road map, how they allocate their spending, how they justify their product for the price raised so on.

However, i feel the TS did a great job cause he has invested in betking long time ago so he knows that this ICO is well backed and has great potential.

[jerowacik]

The problem is when you invest in an ICO like betking, your investment, to me is more risky because it's going to rise and fall based on speculation. Investing in a bankroll on the other hand (e.g. Safedice, Yolodice, Crypto-Games) is safer because there's no bs; if gamblers are losing, you make money. Income is more stable and reliable.

I think investment in various sectors must have its own risk. like the example that when we invest in bankroll then the risk is too big, could be all the bitcoin that we have stolen and taken away by the owner of the site. so that must be considered in making investment is the security and also the credibility of the place that we will invest. this will make us comfortable in doing various investment actions.

[noormcs5]

Second week and I'm straight back in the black:

https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-3-week-2-of-52

Wow man you are making really good profit by just investing many gamblers try to make 0.3 bitcoin just from gambling but always fail your thread should surely be a inspiration for the people out there trying to make money from gambling it is always better to invest

Yeah, he is making good profit by investing, the reason investment is suit for everyone, but someone got from investment more profit and someone got from it little profit, but profit is sure we could make it in invest from our money. But in the opposite, in gambling, it is difficult that gambling suit for everyone. Personally, I don't think so we should compare gambling with investment, Because we do investment for professionally but we play gambling for entertainingly.

[daringdiscovered]

The problem is when you invest in an ICO like betking, your investment, to me is more risky because it's going to rise and fall based on speculation. Investing in a bankroll on the other hand (e.g. Safedice, Yolodice, Crypto-Games) is safer because there's no bs; if gamblers are losing, you make money. Income is more stable and reliable.

I think investment in various sectors must have its own risk. like the example that when we invest in bankroll then the risk is too big, could be all the bitcoin that we have stolen and taken away by the owner of the site. so that must be considered in making investment is the security and also the credibility of the place that we will invest. this will make us comfortable in doing various investment actions.

Correct, the investment that we are going to put in the gambling site does have its own risk. Like what you have said, it could be use in their bankroll when they don't make they target bankroll per day. This investment of us could be use in paying those players who are winning, and we didn't know that since the only thing we know is we are going to earn on our investment in time.

[coingamblingreviews]

48.161BTC now from the 43BTC start!

https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-5-week-4-of-52

[pureclckr]

The problem is when you invest in an ICO like betking, your investment, to me is more risky because it's going to rise and fall based on speculation. Investing in a bankroll on the other hand (e.g. Safedice, Yolodice, Crypto-Games) is safer because there's no bs; if gamblers are losing, you make money. Income is more stable and reliable.

That is the point which is being used by all the land based and online casinos for making huge and huge amounts. In every game there are more chances for the house to win than the gambler and he/she is just dreaming and dreaming. That is not fair at all.