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Author Topic: Bitcoin Gambling Investments  (Read 47211 times)
coingamblingreviews (OP)
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September 29, 2017, 11:21:18 AM
 #1341

48.161BTC now from the 43BTC start!

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

pureclckr
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September 30, 2017, 10:32:56 AM
 #1342

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.

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September 30, 2017, 02:07:45 PM
 #1343

Awesome, 5 bitcoins profit! betking is doing pretty good, i'm glad i invested in betking and bitdice. Grin
what do you think of other gambling platforms like edgeless, dao.casino. would you invest in them or recommend?
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October 02, 2017, 03:53:51 AM
 #1344

Awesome, 5 bitcoins profit! betking is doing pretty good, i'm glad i invested in betking and bitdice. Grin
what do you think of other gambling platforms like edgeless, dao.casino. would you invest in them or recommend?

I have never looked at them, but obviously I rate YoloDice, Cryptogames and SafeDice highly...

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October 13, 2017, 03:17:38 AM
 #1345

Week 6 Bitcoin Casino investment report

https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-7-week-6-of-52

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October 13, 2017, 03:32:15 AM
 #1346


All your profits are eaten up by Bitdice losses. In lost two weeks someone is winning big from this site and if this continues for another two weeks then better take out that investment for some time until you see better results from them instead just wait and lose your money. Except for that site, all others are doing good.
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October 13, 2017, 05:51:41 AM
 #1347

That's a big loss for your bitdice investment however you can't do anything with it. In this case, its a pain to my eyes if I'll compare it to my other investment. I dont know what to feel in this case since the price of bitcoin is pumping really quick. The loss is big but still not all the time you'll be staying at that negative status with bitdice. Wishing you the best with your investments and will be watching out with your updates.

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October 13, 2017, 09:26:40 AM
 #1348


All your profits are eaten up by Bitdice losses. In lost two weeks someone is winning big from this site and if this continues for another two weeks then better take out that investment for some time until you see better results from them instead just wait and lose your money. Except for that site, all others are doing good.

I too feel the same OP should take out his investments from bitdice if next week also if get losses from this site.

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October 13, 2017, 11:43:24 AM
 #1349


All your profits are eaten up by Bitdice losses. In lost two weeks someone is winning big from this site and if this continues for another two weeks then better take out that investment for some time until you see better results from them instead just wait and lose your money. Except for that site, all others are doing good.

I too feel the same OP should take out his investments from bitdice if next week also if get losses from this site.

Fishy though, if someone is winning consistently in a site, then there should be an investigation on how that guy  is winning so much. There might be a problem with one of the games and that guy was able to exploit the bug. However, if it is all legit, we can't do anything about it. I would say that usually there is that guy that wins a lot but he gets greedy and he losses everything in the end.
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October 13, 2017, 01:18:35 PM
 #1350

Fishy though, if someone is winning consistently in a site, then there should be an investigation on how that guy  is winning so much. There might be a problem with one of the games and that guy was able to exploit the bug. However, if it is all legit, we can't do anything about it. I would say that usually there is that guy that wins a lot but he gets greedy and he losses everything in the end.

I don't think the problem is someone winning too much at the site. This was done through an ICO and the investment is in BitDice tokens listed on the HitBTC Exchange. It's probably related more to the timing of buying them and bounty hunters selling the price down.

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BillCoin
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October 13, 2017, 02:41:18 PM
 #1351

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.
You just represented the main risk of putting your money at 3rd party site.
I mean, if you store your funds in an exchange, as a large amount of people do(which I don't agree is a good thing), you are taking the risk that the exchange will be seized or closed up , with all of your funds.
Storing bitcoin in a 3rd party site is against the main ideology of bitcoin.
coingamblingreviews (OP)
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October 14, 2017, 03:17:26 AM
 #1352


All your profits are eaten up by Bitdice losses. In lost two weeks someone is winning big from this site and if this continues for another two weeks then better take out that investment for some time until you see better results from them instead just wait and lose your money. Except for that site, all others are doing good.

Definitely will not be selling the tokens in BitDice - the site is making a profit and will likely do well in the future. At the end of the day people can dump the tokens as much as they like on the exchange but the dividends will be coming and I will collect them Smiley

I may consider buying more if the price continues to drop, depending how the sites profit is going. Could but it really cheap!

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October 14, 2017, 06:17:43 AM
 #1353


All your profits are eaten up by Bitdice losses. In lost two weeks someone is winning big from this site and if this continues for another two weeks then better take out that investment for some time until you see better results from them instead just wait and lose your money. Except for that site, all others are doing good.

Definitely will not be selling the tokens in BitDice - the site is making a profit and will likely do well in the future. At the end of the day people can dump the tokens as much as they like on the exchange but the dividends will be coming and I will collect them Smiley

I may consider buying more if the price continues to drop, depending how the sites profit is going. Could but it really cheap!

Depending on how the other site is progressing. If it is makes sense to invest on the other site then I guess you should go with it rather than accumulating that bitdice token. Besides that, there are some newly opened site around here. Care to check bustadice.com? the site has almost 3k bitcoin invested there and is a good site to consider investing IMO
coingamblingreviews (OP)
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October 19, 2017, 02:12:32 AM
 #1354

Week 7 Bitcoin Casino Investment Report:

https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-8-week-7-of-52

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October 19, 2017, 02:32:03 AM
 #1355

I'm following your journey and you made a successful one as of this day, the investment was not only successful but also the value of your investment has significantly increase. That would only say that investing in casinos are profitable especially if you start with a decent amount.

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October 19, 2017, 02:54:01 AM
 #1356

It's still a loss for you this week 7 but after the bitcoin gold hard fork for sure you will get another capital from it once you have sold it? Anyway are you going to sell those btc gold immediately or you will also try to hold it for a longer time?



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Rainbot
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October 19, 2017, 05:10:36 AM
 #1357

It's still a loss for you this week 7 but after the bitcoin gold hard fork for sure you will get another capital from it once you have sold it? Anyway are you going to sell those btc gold immediately or you will also try to hold it for a longer time?
What important with investing in casinos is to be profitable in the long run, he maybe had some losing moments but we know casinos are profitable in the long run. Also, the price of bitcoin is increasing so the moment he will divest all his investment and convert it to fiat, for sure it's going to result a big profit.

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October 19, 2017, 07:31:03 AM
 #1358

Fishy though, if someone is winning consistently in a site, then there should be an investigation on how that guy  is winning so much. There might be a problem with one of the games and that guy was able to exploit the bug. However, if it is all legit, we can't do anything about it. I would say that usually there is that guy that wins a lot but he gets greedy and he losses everything in the end.

I don't think the problem is someone winning too much at the site. This was done through an ICO and the investment is in BitDice tokens listed on the HitBTC Exchange. It's probably related more to the timing of buying them and bounty hunters selling the price down.


It doesn't matter if we are winning because there is a bug or there is none, if there is a bug existed then it is not our fault, it is theirs, besides we couldn't know that there is a bug just because we are winning in gambling, it is not enough sign for someone to know such situation, also the gambling site will find it out in no time because they could see it on their history, for example if someone is winning a lots of money in their site in a row without any single lose.
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October 21, 2017, 12:35:09 PM
 #1359


All your profits are eaten up by Bitdice losses. In lost two weeks someone is winning big from this site and if this continues for another two weeks then better take out that investment for some time until you see better results from them instead just wait and lose your money. Except for that site, all others are doing good.

Definitely will not be selling the tokens in BitDice - the site is making a profit and will likely do well in the future. At the end of the day people can dump the tokens as much as they like on the exchange but the dividends will be coming and I will collect them Smiley

I may consider buying more if the price continues to drop, depending how the sites profit is going. Could but it really cheap!

Depending on how the other site is progressing. If it is makes sense to invest on the other site then I guess you should go with it rather than accumulating that bitdice token. Besides that, there are some newly opened site around here. Care to check bustadice.com? the site has almost 3k bitcoin invested there and is a good site to consider investing IMO

Will have a look Smiley

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October 21, 2017, 12:37:02 PM
 #1360

It's still a loss for you this week 7 but after the bitcoin gold hard fork for sure you will get another capital from it once you have sold it? Anyway are you going to sell those btc gold immediately or you will also try to hold it for a longer time?

Good question and I will likely wait a bit as if I did that with Bitcoin cash I would've made more.

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