[Crypto-Games.net] Investment Returns, Updated weekly, Week 35, +27.96% in BTC

[Lutpin]

Also, the casino profit potential with BTC's bets is higher in my opinion.

That's wrong though.
Check the OP, and you'll find out LTC has performed better than BTC in the past few weeks (1.21% weekly average against a 0.89% weekly average).
Of course that's subject to variance, so historic numbers are nice to look at, but don't tell us much about the future.

So let's check the numbers that actually matter for calculating the potential of an investment.
LTC has less wagers, but also a smaller bankroll. The exact numbers tell us that expected returns are almost the same:

BTC has 2811BTC wagered the last month over a bankroll of 1630BTC (1.72x)
LTC on the other hand has 27317 wagered over a bankroll of 16180 (1.68x)

I chose litecoin because its a steady coin. But im think doing that with BTC because will be worth more in on year.

Why not diversify, invest some in LTC and some in BTC, mitigate the risk you're taking.

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[Tummler]

The terms on which the users invested in the site bankroll doesn't have any reference about giving a forked coin. Yet, crypto-games handled the unexpected situation favoring its users. Handling of BCH (claiming, storing and dividing between users) surely was a extra bit of work for the site and There's no place to blame the site for not being able to claim the BCH within the stated deadline.

Their FAQ section on investing addresses this:

How do investments work?

. . .

Investing in our bankroll means staking your coins to the site for the time you're being invested. Those coins thus become a part of the site and we are not planning to distribute any altcoins gained from "airdrops". However, in case of a chain split (like ETC), you will receive your according share of coins on either side.

. . .

[lorylore]

A little disclaimer: The following is my own view and experience, opinions voiced are mine, and mine only.

Noted.

This fork meant mainly one thing for CG; a huge investment of time and work.

...

All of those tasks were done by CG free of charge...

Totally get that - I'm not suggesting they work for free. A ~10% (+/-)  transaction fee would be very reasonable.

I'd also expect from someone who stores funds on a site and is aware of a situation like this fork to take the initiative and inform themselves about how the situation is handled.
Checking the blog or asking a moderator in chat (or maybe even contacting support) takes a few minutes, and avoids running into situations like this.

This is an investment. I don't check it daily or weekly. I check it once a month at most. It's been a year without any problems. Having to spend time checking on it every few days would quickly make any profit earned on it a pretty expensive investment of time.

I don't have exact numbers as I was not involved with the distribution, but as far as I know, over 95% of the investors claimed their BCC/BCH (we're talking about a group of ~500 people).

That's ~$20,000 USD of investor money left on the table. It seems like CG is being compensated quite well with this fork. (EDIT: See Lutpin's comment below - 95% of investors not BCC)

The first email was sent July 25th, when the blogpost "Update: BIP91 and BCC" was published (I know that because I got the email myself, as I'm also an investor).
It referenced this post that includes the information that
"Users will have 12 days after the fork to set their BCC addresses and receive their coins. After that, we will stop accepting new BCC addresses and you will lose your claim due to failing to meet the deadline."

Yes, the email included a link at the bottom asking people to read their blog post. However, writing an email specifically saying at the top that all investors will be paid their BCC and then only mentioning an immediate deadline in a link comes across as disingenuous.

A second email was sent a few days after the fork (only to those users that did not claim their BCC until then) reminding everyone of the deadline.

This is the one that ended up in my junk box. Not blaming CG for that, don't know why it happened. Regardless, this was the first actual email with a deadline in it and it only gave people 5 days.


I'm not suggesting CG is malicious or a scam - it's not. It's legitimate, I've dealt with them for a year without an issue before this.  However with this policy in place, my warning to investors still stands. If you invest with CG, you are expected to read every email, blog post, social media, etc. within a few days or risk losing funds like I have. The end result is I've been hit with a ~7% penalty for not reading a blog post and not responding to an email within 5 days.

I know you are upset that you dont have your assigned bch. There are exchanges/btc casino that dont even pay out to the customers. Even exchanges that hold the alt coin that can generate extra coins are return back the customers as well. It is good on CG side to handle this fork in an effective way. Their email was out faster than other from what i experience and their reply to my question after the fork is speedy. You just have to learn from this experience and if you really want to enjoy this kind of airdrop/fork and no do the due diligent, i recommend you to just keep all your coins in your own private wallet.

[Twistedx2]

Week 33 has been added!

This week my Btc investment saw a 0.06% decrease.

This week my Eth investment saw a 0.29% increase.

This week my Doge investment saw a 0.16% increase.

This week my Ltc investment saw a 3.99% increase.

This week my Dash investment saw a 1.03% increase.

This week my Grc investment saw a 0.42% decrease.

This week my XMR investment saw a 1.69% increase.

This week my PPC investment saw a 0.88% decrease.

[Lutpin]

Week 32 has been added
This week my Btc investment saw a 0.08% increase.

I see the BTC investment increase by the meager 0.08% but their BTC profit chart shows increase by ~0.4% ( 899 BTC/895 BTC) for the week of 08/06-08/13. Does anyone know why the real returns don't follow the returns on the chart?

That's not what the chart shows, you are reading it wrong.

The numbers Twistedx2 provides in this thread are based on their investment amount (eg if an investment increases from 1BTC to 1.02BTC, it would be a 2% increase).
The number you have calculated is based on past profit (the casino had made 895BTC profit until the week before and the number increased to 899BTC over the week.

However, new profits are not distributed between those 895BTC historic profit, but between everyone currently invested in the bankroll.
At the time of writing, that is 1615BTC in total.

[curious123]

Week 32 has been added
This week my Btc investment saw a 0.08% increase.

I see the BTC investment increase by the meager 0.08% but their BTC profit chart shows increase by ~0.4% ( 899 BTC/895 BTC) for the week of 08/06-08/13. Does anyone know why the real returns don't follow the returns on the chart?

That's not what the chart shows, you are reading it wrong.

The numbers Twistedx2 provides in this thread are based on their investment amount (eg if an investment increases from 1BTC to 1.02BTC, it would be a 2% increase).
The number you have calculated is based on past profit (the casino had made 895BTC profit until the week before and the number increased to 899BTC over the week.

However, new profits are not distributed between those 895BTC historic profit, but between everyone currently invested in the bankroll.
At the time of writing, that is 1615BTC in total.

Thank you for trying to explain. Not sure what you mean. What is 'their investment amount' & why is does not include 'total profit'?

[Lutpin]

Not sure what you mean. What is 'their investment amount' & why is does not include 'total profit'?

Every investor has a certain amount invested in the bankroll. All investors together build the bankroll (bankroll = sum of all investments).
The current bankroll is 1588BTC, of which eg Reve364 owns 54.95BTC (-> 3.46% of the bankroll).
Out of all profit the casino makes, they will receive 3.46% (after fees and all).

why is does not include 'total profit'?

Because total profit is simply the sum of all profit the casino made until the present day (meaning historic numbers from June 2015 until the present day, historic numbers that do not influence current investments).
Invested amounts are not purely profit though, they combine between a base amount that the investor deposited and profit that has since been added to that base investment.
Further, new investors coming into the bankroll or old investors pulling out with profit are not being measured into that chart, as it's a simple global profit chart (unlike the bankroll size chart, which takes those things in).

[mrcash02]

Also, the casino profit potential with BTC's bets is higher in my opinion.

That's wrong though.
Check the OP, and you'll find out LTC has performed better than BTC in the past few weeks (1.21% weekly average against a 0.89% weekly average).
Of course that's subject to variance, so historic numbers are nice to look at, but don't tell us much about the future.

So let's check the numbers that actually matter for calculating the potential of an investment.
LTC has less wagers, but also a smaller bankroll. The exact numbers tell us that expected returns are almost the same:

BTC has 2811BTC wagered the last month over a bankroll of 1630BTC (1.72x)
LTC on the other hand has 27317 wagered over a bankroll of 16180 (1.68x)

I was seeing last 12 weeks and BTC had a little advantage over LTC % profit. But after this last result LTC progress is really competitive with BTC. Very good week for Litecoin. I'm in doubt if a LTC investment worth or not. My doubt isn't about the % profit generated (because it's going nice), but about the variation in currency's price, Bitcoin still gives an advantage to investors for this reason (price increases mucn more than LTC price).

[curious123]

>>Because total profit is simply the sum of all profit the casino made until the present day

Once again I am confused. For the week 08/06-08/13 all investors ( casino included ) made a total profit of 899-895 = 4 BTC. What's wrong with this calculation?

[Lutpin]

I was seeing last 12 weeks and BTC had a little advantage over LTC % profit. But after this last result LTC progress is really competitive with BTC. Very good week for Litecoin. I'm in doubt if a LTC investment worth or not. My doubt isn't about the % profit generated (because it's going nice), but about the variation in currency's price, Bitcoin still gives an advantage to investors for this reason (price increases mucn more than LTC price).

Which coin has the bigger potential for future price growth is something an investor should decide for themselves.
Some might be more comfortable holding their funds in BTC, others might trust LTC more (said to be a very stable coin), both are valid options.
We shouldn't figure in exchange rates when determining how profitable an investment is, those are things that aren't directly connected with the investment.

If you want to compare them, however, BTC went from $580 to $4124 over the last 12 months, while LTC went from $3.61 to $46.86.
That's an increase by 611% with BTC compared to 1198% with LTC.
So if you were to invest in LTC & BTC 12 months ago and hold them without anything else, LTC would have been the better coin.

(The timeframe is randomly selected, because 12 months/1 year is a good timespan to compare investments,
the numbers might be different/the other way around for 2 years, 6 months, 3 months or other timeframes.)

[Twistedx2]

Week 34 has been added!

This week my Btc investment saw a 0.05% decrease.

This week my Eth investment saw a 0.25% increase.

This week my Doge investment saw a 0.41% increase.

This week my Ltc investment saw a 0.82% increase.

This week my Dash investment saw a 0.62% increase.

This week my Grc investment saw a 0.66% decrease.

This week my XMR investment saw a 0.31% increase.

This week my PPC investment saw a 4.62% decrease.

[theskillzdatklls]

following

[Twistedx2]

Week 35 has been added!

This week my Btc investment saw a 0.43% increase.

This week my Eth investment saw a 0.03% increase.

This week my Doge investment saw a 0.30% decrease.

This week my Ltc investment saw a 0.26% increase.

This week my Dash investment saw a 0.28% increase.

This week my Grc investment saw a 0.15% increase.

This week my XMR investment saw a 0.84% increase.

This week my PPC investment saw a 0.85% increase.

[NobFox]

Now that Stratis has been added to the site, will you be adding a STRAT investment to this thread too?

[lorylore]

I have invested in strat the moment i saw the email that they sent out. The funny thing is that once i put strat in, i straight away lost 0.8strat amount of it. And the chart showed off that the profit is negative. I tried to check if there is any bets made on dice but there wasnt a single 1. So i am wondering why is it so but i still believe in crypto and leave my strat there.

[Lutpin]

I have invested in strat the moment i saw the email that they sent out. The funny thing is that once i put strat in, i straight away lost 0.8strat amount of it. And the chart showed off that the profit is negative. I tried to check if there is any bets made on dice but there wasnt a single 1. So i am wondering why is it so but i still believe in crypto and leave my strat there.

That's probably because Dice isn't the only game at the site.
Take a look at this sweetheart: 200 STRAT Slot Jackpot

[theskillzdatklls]

are there any other coins you guys are considering adding soon?

[DogecoinMachine]

are there any other coins you guys are considering adding soon?

Not really.

[panagiotisgia]

I would like to know how the casino participate in the losses with the 30% as it mentioned above?

As I understand if the bankroll for example is 1000BTC and the gains for the week is 10 BTC then the 70% or 7 BTC of them is going to the investors.

If there are losses of 10 BTC then the inventors is going to lose 7 BTC and the rest 3BTC it is payed by the casino? Am I right?

[Lutpin]

I would like to know how the casino participate in the losses with the 30% as it mentioned above?
As I understand if the bankroll for example is 1000BTC and the gains for the week is 10 BTC then the 70% or 7 BTC of them is going to the investors.
If there are losses of 10 BTC then the inventors is going to lose 7 BTC and the rest 3BTC it is payed by the casino? Am I right?

Essentially, that's it, yes.