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Author Topic: Re: 🔶 YOLOdice.com 🔶 play & invest - BTC - LTC - ETH - DOGE  (Read 92311 times)
davey76
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August 31, 2017, 08:39:30 AM
 #1541

I was wondering what the results are for investors in Yolodice. Anyone willing to share experiences?

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August 31, 2017, 09:01:41 AM
 #1542

I was wondering what the results are for investors in Yolodice. Anyone willing to share experiences?

Just check this topic: https://bitcointalk.org/index.php?topic=1573091.0 There are a lot of user experience about investing on gambling sites, also on YOLOdice.

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davey76
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August 31, 2017, 09:04:49 AM
 #1543

1982dre thanks for the link! Next time I will search better myself Wink

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September 01, 2017, 02:09:15 AM
 #1544

Working on a Node.js library for interacting with the YOLOdice API. Should make scripting much easier for anybody that can work with Node.js. I'll probably have time to do an early release this weekend.

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September 01, 2017, 09:11:34 AM
 #1545

Aha that's interesting! A good working bot will make my life easier Cheesy

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September 01, 2017, 09:12:40 AM
 #1546

1982dre thanks for the link! Next time I will search better myself Wink

No problem.

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DarkStar_
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September 01, 2017, 05:52:04 PM
 #1547

I was wondering what the results are for investors in Yolodice. Anyone willing to share experiences?

I've been an investor with YOLODice for almost 6 months now and have been very satisfied. ethan (the owner of the site) is very responsive and keeps people updated with changes and news (ie BCH fork). Investments have also been very profitable in the past few months, and I've made a 22% ROI with 0.1BTC invested with leverage 10, as I prefer to keep coins offsite. They are also very transparent which is a huge plus when you keep your coins with them for a long time.


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September 01, 2017, 10:26:16 PM
Last edit: September 02, 2017, 08:33:46 PM by RGBKey
 #1548

So if you're a programmer, you might be interested in this news, otherwise you probably won't be too excited. I've written a library for Node.js bindings to the YOLOdice API allowing anybody that knows Node.js to easily use the site's API. Check it out here on npm (And the GitHub repo here)

Edit: It's actually not working at the moment, let me figure out what I did wrong here

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September 02, 2017, 09:26:03 PM
 #1549

Litecoin addition is expected when? Anyone know?

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September 02, 2017, 09:40:57 PM
 #1550

Litecoin addition is expected when? Anyone know?

Ethan should be returning from his vacation this weekend, he might be able to answer

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September 03, 2017, 07:30:04 AM
 #1551

Litecoin addition is expected when? Anyone know?

We don't know any specific date but ethan is working hard on litecoins and it will be added when he will test litecoins for any bugs in the test server and then he will add it on the main site. However, the date isn't that much far away for us.

cheers
moooonu Smiley
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September 03, 2017, 11:35:08 AM
 #1552

Litecoin addition is expected when? Anyone know?

We don't know any specific date but ethan is working hard on litecoins and it will be added when he will test litecoins for any bugs in the test server and then he will add it on the main site. However, the date isn't that much far away for us.

cheers
moooonu Smiley

Litecoin to be added is a very big leap for YOLOdice. Soon we will be able to see possibility of more coins available to play with.


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September 03, 2017, 11:50:16 AM
 #1553

In love with yolodice now as they have added two major upgrades in them and the first is rakeback of 30% house edge amount and getting xp points for just new levels and referring as well. Hope I keep playing and increasing my xp for playing more games. I have seen people earning more than a BTC in a day and I'm willing to such investment. Learning the new ways and yolodice is next destination to start gambling.


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bias
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September 03, 2017, 01:05:24 PM
 #1554

Litecoin addition is expected when? Anyone know?

We don't know any specific date but ethan is working hard on litecoins and it will be added when he will test litecoins for any bugs in the test server and then he will add it on the main site. However, the date isn't that much far away for us.

cheers
moooonu Smiley

Litecoin to be added is a very big leap for YOLOdice. Soon we will be able to see possibility of more coins available to play with.

Wait,what?! Yolo will add LTC?! Its true and confirmed?! Shocked
Thats more than great news! A very big leap indeed and i'm more than happy to see one of my favorite dice sites to applies LTC/Alt coin.
Except gambling with it we probably be able to invest with it,that means more ppl and more traffic for sure.
Waiting to hear news from Ethan about it,when he returns. It will be a great September... Tongue
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September 03, 2017, 05:33:32 PM
 #1555

Hello Ethan, unless I'm misunderstanding something, I think investors are not getting a pretty good deal when investing in Yolodice.
It says that profits are taxes 35% in both of the following cases:
- On Sunday evening (on any profit accrued)
- When the investment is closed.

So let's say my investment generates a profit of 0.5BTC for the week and leave the investment open. 0.175BTC will be taken as tax on Sunday evening leaving me with a remaining profit of 0.325BTC.
Now lets say next week some wagerers get lucky and my investment loses 0.5BTC. My investment is now in the red -0.175BTC. I don't get taxed. Fine.
The following week the investment ends up 0.5BTC in the green. My investment is now worth (-0.175 + 0.5 = 0.325BTC) 0.325 again, however now since I made 0.325, that get's taxed 35% leaving me with 0.21125.

So what actually happened was (week 1) +0.5BTC (week 2) 0 BTC (week 3) +0.5BTC
And my investment becomes (week 1) 0.325BTC (week 2) -0.175 BTC (week 3) 0.21125.
The owner takes 57% of the profits making it impossible for me to profit.

Ethan, you say taxes are only taken from amounts not already taxed, but what if the amount taxed is lost and then remade, do you tax it again?
Please clarify that above, I really don't know why you need to take tax off every week. It would make much more sense to me to take the tax off ONLY when the investment is closed..
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September 03, 2017, 05:40:27 PM
 #1556

Litecoin addition is expected when? Anyone know?

We don't know any specific date but ethan is working hard on litecoins and it will be added when he will test litecoins for any bugs in the test server and then he will add it on the main site. However, the date isn't that much far away for us.

cheers
moooonu Smiley

Litecoin to be added is a very big leap for YOLOdice. Soon we will be able to see possibility of more coins available to play with.

Wait,what?! Yolo will add LTC?! Its true and confirmed?! Shocked
Thats more than great news! A very big leap indeed and i'm more than happy to see one of my favorite dice sites to applies LTC/Alt coin.
Except gambling with it we probably be able to invest with it,that means more ppl and more traffic for sure.
Waiting to hear news from Ethan about it,when he returns. It will be a great September... Tongue
Yes, YD will be adding LTC in the near future, and ETH sometime after that.  Ethan has confirmed the plans and has begun the work, but hasn't given out any specific time-frames because he doesn't want to over-promise and under-deliver, so to speak.  Makes more sense to give an ETA when he can give an accurate one. Smiley

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September 03, 2017, 05:42:13 PM
 #1557

Hello Ethan, unless I'm misunderstanding something, I think investors are not getting a pretty good deal when investing in Yolodice.
It says that profits are taxes 35% in both of the following cases:
- On Sunday evening (on any profit accrued)
- When the investment is closed.

So let's say my investment generates a profit of 0.5BTC for the week and leave the investment open. 0.175BTC will be taken as tax on Sunday evening leaving me with a remaining profit of 0.325BTC.
Now lets say next week some wagerers get lucky and my investment loses 0.5BTC. My investment is now in the red -0.175BTC. I don't get taxed. Fine.
The following week the investment ends up 0.5BTC in the green. My investment is now worth (-0.175 + 0.5 = 0.325BTC) 0.325 again, however now since I made 0.325, that get's taxed 35% leaving me with 0.21125.

So what actually happened was (week 1) +0.5BTC (week 2) 0 BTC (week 3) +0.5BTC
And my investment becomes (week 1) 0.325BTC (week 2) -0.175 BTC (week 3) 0.21125.
The owner takes 57% of the profits making it impossible for me to profit.

Ethan, you say taxes are only taken from amounts not already taxed, but what if the amount taxed is lost and then remade, do you tax it again?
Please clarify that above, I really don't know why you need to take tax off every week. It would make much more sense to me to take the tax off ONLY when the investment is closed..
Ethan has been gone for 10 days or so on a trip so he may not see this, but as soon as he comes online I'll tell him to come answer your question since I don't know the answer either. Smiley

~Randall

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September 03, 2017, 06:17:56 PM
 #1558

Hello Ethan, unless I'm misunderstanding something, I think investors are not getting a pretty good deal when investing in Yolodice.
It says that profits are taxes 35% in both of the following cases:
- On Sunday evening (on any profit accrued)
- When the investment is closed.

So let's say my investment generates a profit of 0.5BTC for the week and leave the investment open. 0.175BTC will be taken as tax on Sunday evening leaving me with a remaining profit of 0.325BTC.
Now lets say next week some wagerers get lucky and my investment loses 0.5BTC. My investment is now in the red -0.175BTC. I don't get taxed. Fine.
The following week the investment ends up 0.5BTC in the green. My investment is now worth (-0.175 + 0.5 = 0.325BTC) 0.325 again, however now since I made 0.325, that get's taxed 35% leaving me with 0.21125.

So what actually happened was (week 1) +0.5BTC (week 2) 0 BTC (week 3) +0.5BTC
And my investment becomes (week 1) 0.325BTC (week 2) -0.175 BTC (week 3) 0.21125.
The owner takes 57% of the profits making it impossible for me to profit.

Ethan, you say taxes are only taken from amounts not already taxed, but what if the amount taxed is lost and then remade, do you tax it again?
Please clarify that above, I really don't know why you need to take tax off every week. It would make much more sense to me to take the tax off ONLY when the investment is closed..

When commission is taken on the investment, you can see if you click on the investment with the rest of the details what profit the commission was taken up to. So in your example, when you get commission taken the first time, your investment will have a label on it saying that commission was taken up to 0.325 profit. Then, when you lose 0.5 BTC and then get 0.5 BTC back in your example, you still end up at 0.325 BTC net profit, and no more commission is taken because you have not passed your "marker" for commission which is still at that point.

Say then your investment grows another 0.5 BTC up to 0.825 BTC profit and then Sunday rolls around and commission is taken again, it would only be taken on the part that has not yet been commissioned, the profit between 0.325 and 0.825 BTC. 0.175 BTC would be taken in commission and your investment would then be 0.65 BTC and the "marker" for commission would then also move up to 0.65 BTC.

You can see that when you've made 1 BTC net profit before commission, it's still 35% even if your investment falls in the meantime.

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September 04, 2017, 09:59:33 AM
 #1559

Hello Ethan, unless I'm misunderstanding something, I think investors are not getting a pretty good deal when investing in Yolodice.
It says that profits are taxes 35% in both of the following cases:
- On Sunday evening (on any profit accrued)
- When the investment is closed.

So let's say my investment generates a profit of 0.5BTC for the week and leave the investment open. 0.175BTC will be taken as tax on Sunday evening leaving me with a remaining profit of 0.325BTC.
Now lets say next week some wagerers get lucky and my investment loses 0.5BTC. My investment is now in the red -0.175BTC. I don't get taxed. Fine.
The following week the investment ends up 0.5BTC in the green. My investment is now worth (-0.175 + 0.5 = 0.325BTC) 0.325 again, however now since I made 0.325, that get's taxed 35% leaving me with 0.21125.

So what actually happened was (week 1) +0.5BTC (week 2) 0 BTC (week 3) +0.5BTC
And my investment becomes (week 1) 0.325BTC (week 2) -0.175 BTC (week 3) 0.21125.
The owner takes 57% of the profits making it impossible for me to profit.

Ethan, you say taxes are only taken from amounts not already taxed, but what if the amount taxed is lost and then remade, do you tax it again?
Please clarify that above, I really don't know why you need to take tax off every week. It would make much more sense to me to take the tax off ONLY when the investment is closed..

When commission is taken on the investment, you can see if you click on the investment with the rest of the details what profit the commission was taken up to. So in your example, when you get commission taken the first time, your investment will have a label on it saying that commission was taken up to 0.325 profit. Then, when you lose 0.5 BTC and then get 0.5 BTC back in your example, you still end up at 0.325 BTC net profit, and no more commission is taken because you have not passed your "marker" for commission which is still at that point.

Say then your investment grows another 0.5 BTC up to 0.825 BTC profit and then Sunday rolls around and commission is taken again, it would only be taken on the part that has not yet been commissioned, the profit between 0.325 and 0.825 BTC. 0.175 BTC would be taken in commission and your investment would then be 0.65 BTC and the "marker" for commission would then also move up to 0.65 BTC.

You can see that when you've made 1 BTC net profit before commission, it's still 35% even if your investment falls in the meantime.


Hi, I am back from my holiday trip and I am back for good.

Regarding the investments, the principle is pretty easy: the investment profit is taxed only once. We don't take commission from the same profit twice. So if your investment starts with 2 BTC value and ends with 3 BTC value, and it's not higher than 3 BTC on Sundays when we run global commission, it doesn't matter what happens in between. We'll only take the commission from the profit, i.e. from 1 BTC.


Cheers,
Ethan

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September 04, 2017, 01:04:29 PM
 #1560

YOLOdice just started their newest competition!  Come win some prizes!!

https://bitcointalk.org/index.php?topic=2149289.0

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