Where to invest?

[scarsbergholden]

I only invest in crypto..... too many fly-by-night companies in this realm! 

[imagereply]

Invest in www.just-dice.com

https://i.imgur.com/y1tdPP1.png

[marcovaldo]

Invest in www.just-dice.com

So what do you offer as alternative?

[killaz]

actually it's a good idea buy 100 BTC and start gambling, martingale from 0.00001 BTC impossible to loose

[murraypaul]

actually it's a good idea buy 100 BTC and start gambling, martingale from 0.00001 BTC impossible to loose

No it isn't.
Really, really isn't.

[hope4me]

actually it's a good idea buy 100 BTC and start gambling, martingale from 0.00001 BTC impossible to loose

Before you double the 100 BTC you will most likely go broke bro

[Birdy]

actually it's a good idea buy 100 BTC and start gambling, martingale from 0.00001 BTC impossible to loose

sorry to break it to you, but you have no clue.

http://coinbits.com/2013/01/05/how-to-bet-efficiently-on-satoshidice-and-why-you-shouldnt-use-the-martingale-method/

[marcovaldo]

actually it's a good idea buy 100 BTC and start gambling, martingale from 0.00001 BTC impossible to loose

Before you double the 100 BTC you will most likely go broke bro

Yes, martingale are not a good idea to double up.
But if you want to make + 50% it is nice

[murraypaul]

No, it isn't.
You will, on average, lose more than you win.
You are likely to win a small amount, but there is a small chance of losing everything.
The expected result of any truly fair gambling with a house edge is negative.

[klovishey]

How does it feel when you loose so many times in a row and now you have last chance to win your starting 0.00001 BTC bet by betting something like 50 BTC ?

[marcovaldo]

How does it feel when you loose so many times in a row and now you have last chance to win your starting 0.00001 BTC bet by betting something like 50 BTC ?

Really bad if you lose the bet

[xypos]

I invested my money in coinlenders.com which is safe...

[vendetahome]

I invested my money in coinlenders.com which is safe...

Safe BTC are only those on paper wallet - and only paper wallet created with paranoid security

[wasserman99]

i invest in other crypto 

i don't like to invest in bitcoin-share companies because there is too much shady stuff going on in this economy. i dont feel like i can trust a lot of these companies. i prefer to hold my coins. 

[chriswen]

I invested my money in coinlenders.com which is safe...

Safe BTC are only those on paper wallet - and only paper wallet created with paranoid security

Actually, btc is never safe. Someone else could get a collision and steal all your bitcoins (though its unlikely)

[killaz]

actually it's a good idea buy 100 BTC and start gambling, martingale from 0.00001 BTC impossible to loose

sorry to break it to you, but you have no clue.

http://coinbits.com/2013/01/05/how-to-bet-efficiently-on-satoshidice-and-why-you-shouldnt-use-the-martingale-method/

really 
https://i.imgur.com/rL61Fze.png

[murraypaul]

Yes. To repeat my earlier post:

No, it isn't.
You will, on average, lose more than you win.
You are likely to win a small amount, but there is a small chance of losing everything.
The expected result of any truly fair gambling with a house edge is negative.

Your screenshot demonstrates this perfectly.
You've made a return of less than 0.5% of your investment.
You will be able to do this almost all the time.
And then, on that one really unlucky run, you will lose it all.
Your expected return, over a long enough series of runs is negative.

[Birdy]

actually it's a good idea buy 100 BTC and start gambling, martingale from 0.00001 BTC impossible to loose

sorry to break it to you, but you have no clue.

http://coinbits.com/2013/01/05/how-to-bet-efficiently-on-satoshidice-and-why-you-shouldnt-use-the-martingale-method/

really  
-snip-

yes, really.
You could also have done one single bet with high chance but minimal return instead of all those bets, would be the same.

aka just play a single bet with 90-98% win chance, you will most likely win (not a lot though). And if you lose, you will cry.

[marcovaldo]

yes, really.
You could also have done one single bet with high chance but minimal return instead of all those bets, would be the same.

aka just play a single bet with 90-98% win chance, you will most likely win (not a lot though). And if you lose, you will cry.

But you might lose a lot, and win almost nothing.
And if you play with 98%:
Every 50 bets you will lose everything ...

[OleOle]

actually it's a good idea buy 100 BTC and start gambling, martingale from 0.00001 BTC impossible to loose

Umm, no. There's a reason that gambling and investing are two different words, they are not synonyms.

Gambling might give you a rush but no return, investing might give you a return with no rush. If you want both rush and return, then gamble and invest but don't pretend to be doing one when you're doing the other. Know the difference then you'll be more prepared to understand the risk of loss with both.