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Author Topic: GAMBLING SITE INVESTMENT  (Read 6786 times)
Yatsan
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April 12, 2020, 06:27:07 AM
Last edit: August 25, 2020, 03:44:41 PM by Yatsan
 #1

This topic is related to this: https://bitcointalk.org/index.php?topic=5223846.msg53787780#msg53787780

I just tried the gambling investment and I am going to post here the update's every week or month. I hope you will learn something from here, and decide if it's worth it or not.





I invested 0.05BTC at bustadice and it diluted the 2% of it, so I have 0.049BTC investment and 0.001BTC loss.



I also invested at YOLODICE with 0% Dilution fee. I invested 0.05BTC



Here's a chart that will summarize the update of my investment every week/month.
It includes the price in fiat (PHP and USD)



I hope you will learn something from here, Thankyou. and Stay safe everyone!!

Please click the updates link to see the progress, I will not update the spreadsheet anymore here. Thankyou!  Grin


UPDATES!!!
WEEK2: https://bitcointalk.org/index.php?topic=5239794.msg54258902#msg54258902
WEEK3: https://bitcointalk.org/index.php?topic=5239794.msg54314339#msg54314339
WEEK4: https://bitcointalk.org/index.php?topic=5239794.msg54372318#msg54372318
WEEK5: https://bitcointalk.org/index.php?topic=5239794.msg54420314#msg54420314
WEEK6: https://bitcointalk.org/index.php?topic=5239794.msg54470922#msg54470922
WEEK7: https://bitcointalk.org/index.php?topic=5239794.msg54511865#msg54511865
WEEK8: https://bitcointalk.org/index.php?topic=5239794.msg54552343#msg54552343
WEEK9: https://bitcointalk.org/index.php?topic=5239794.msg54616214#msg54616214
WEEK10: https://bitcointalk.org/index.php?topic=5239794.msg54658281#msg54658281
WEEK11: https://bitcointalk.org/index.php?topic=5239794.msg54706994#msg54706994
WEEK12: https://bitcointalk.org/index.php?topic=5239794.msg54745527#msg54745527
UPDATE NO. 13: https://bitcointalk.org/index.php?topic=5239794.msg54882191#msg54882191
UPDATE NO. 14: https://bitcointalk.org/index.php?topic=5239794.msg54930720#msg54930720
UPDATE NO. 15: https://bitcointalk.org/index.php?topic=5239794.msg54973497#msg54973497
UPDATE NO. 16: https://bitcointalk.org/index.php?topic=5239794.msg55021230#msg55021230
UPDATE NO. 17: https://bitcointalk.org/index.php?topic=5239794.new#new






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April 12, 2020, 07:50:40 AM
 #2

I have read somewhere that he wants to  invest on a gambling site. Honestly, i haven't tried investing on a gambling site and this thread will be important to those who wants to invest then all they have to do is to check this thread especially those who will invest in the same gambling site you invested.
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April 12, 2020, 08:44:59 AM
 #3

It is a good topic and you explained it very well. But it is good if you compile all gambling sites that have an offer investment not only Bustadice. Investing in gambling sites that have a bankroll and low house edge, you can passively invest your Bitcoin but remember that it is also high risk.

It is good if the gambling site offers free dilution fees to their investors like what the Yolodice gambling platform did. But that was only promotion right on that day and you can read it here for more details.

Thank you for explaining OP, you also choose a gambling site that one of the most reputable gambling sites here in the forum.

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April 12, 2020, 09:23:33 AM
 #4

Interesting thread, I will keep an eye on it. This is something I would be interested if it ends up being profitable. I have considered it several times in the past. What investment period did you pick or is the time frame not fixed?

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April 12, 2020, 09:50:03 AM
 #5

It is a good topic and you explained it very well. But it is good if you compile all gambling sites that have an offer investment not only Bustadice. Investing in gambling sites that have a bankroll and low house edge, you can passively invest your Bitcoin but remember that it is also high risk.

It is good if the gambling site offers free dilution fees to their investors like what the Yolodice gambling platform did. But that was only promotion right on that day and you can read it here for more details.

Thank you for explaining OP, you also choose a gambling site that one of the most reputable gambling sites here in the forum.

The OP really gave us some idea about gambling site investment and this topic is essential to those people who are potentially want to run a gambling site. Everything is risky and it takes some courage for a people to start an investment in something that have no certainty.

Thank you OP for informing us how to start investing in a gambling site so that those people who want to try it will have an idea about it if they try to do that. There are a lot of people who are brave enough to invest in such thing that is risky and let's support those people to their goals.

Hoping that there are more gambling sites that is trusted and legit so that we have many options when we try to gamble using our bitcoin and other cryptocurrency. I know it is not that easy to run a gambling site but as long as you get used to it, I guarantee you that the profit that you will get surpasses your expectation.
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April 12, 2020, 09:59:55 AM
 #6

This is interesting I'd like to see how this thing goes right now, this is the right time to invest because the majority of the gambling casinos are close and they shift to gambling online and Bustadice is a good gambling site to invest, it's good that you still have money to invest many people are saving this for their basic needs but good luck anyway.

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April 12, 2020, 10:06:02 AM
 #7

This is a good thread since most gamblers are not aware whether of investing in gambling site is profitable or not. This will give is an insight about gambling site investment. Thank you for sharing your venture in gambling site investment. Hoe this will inspire some people.

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April 12, 2020, 10:08:57 AM
 #8

Great job mate, after a long time of not seeing people sharing their journey in bankroll investing, good to see you decided to share your journey.
Potential investors can try to check on your journey before putting their money on a certain site.

If I may suggest, can you also invest in other gambling sites just to put a comparison on which site are most profitable to invest with.

.
.Duelbits.
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.
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Yatsan
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April 12, 2020, 11:27:56 AM
 #9

Interesting thread, I will keep an eye on it. This is something I would be interested if it ends up being profitable. I have considered it several times in the past. What investment period did you pick or is the time frame not fixed?
The time frame is not fix, and as for bustadice it didn't have a time frame option  Smiley

Great job mate, after a long time of not seeing people sharing their journey in bankroll investing, good to see you decided to share your journey.
Potential investors can try to check on your journey before putting their money on a certain site.

If I may suggest, can you also invest in other gambling sites just to put a comparison on which site are most profitable to invest with.

Didn't think about that haha, I will try it maybe next month. Right now bustadice have the highest wagered amount compare to other gambling website's that offering investment in their bankroll so I choose it.

I will try Bitvest/Yolodice and Rocketpot next month, or whenever I got some extra money for this experiment haha.  Grin





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April 12, 2020, 12:25:55 PM
 #10

Nice thread @Yatsan, can you explain further what do you mean by Bustadice diluted the 2%? Why do you consider it a lost though? Sorry for the noob question, but I was also thinking of investing on a gambling site but most of the time I'm lost at those kind of terms. Best of luck to your gambling investment.

.
.Duelbits.
█▀▀▀▀▀











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TRY OUR
  NEW  UNIQUE
GAME!
.
.DICE..
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April 12, 2020, 12:48:55 PM
 #11

Great choice for you Yatsan.  Wink

Keep us updated with your journey for the upcoming days/weeks of your investment.

Nice thread @Yatsan, can you explain further what do you mean by Bustadice diluted the 2%? Why do you consider it a lost though? Sorry for the noob question, but I was also thinking of investing on a gambling site but most of the time I'm lost at those kind of terms. Best of luck to your gambling investment.
Hi Jating.

Refer to this.

What is the dilution fee?
To encourage long-term investments, a stable bankroll size and to reward earlier investors, there is a dilution fee of 2 % on all investments. This fee is split proportionally among all bankroll investors, including the new investor. Consequently the effective fee is always lower than 2 %.





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April 12, 2020, 12:52:02 PM
 #12

I tell you, you created a very interesting journey for us to witness, so please update us timely about the outcome of your investment, I'm sure you are into long term investment, so let's see if it's still profitable to invest in casino's bankroll at this time.

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April 12, 2020, 02:24:21 PM
 #13

Great choice for you Yatsan.  Wink

Keep us updated with your journey for the upcoming days/weeks of your investment.
This thread looks interesting and might study how things are going with this kind of investment. I have about this a long time ago but I could not understand any, sort of, but now I start to think of it well and may consider to take a look on it if it comes profitable, I wanna check on this rather than just holding cryptocurrencies.

What is the dilution fee?
To encourage long-term investments, a stable bankroll size and to reward earlier investors, there is a dilution fee of 2 % on all investments. This fee is split proportionally among all bankroll investors, including the new investor. Consequently the effective fee is always lower than 2 %.

Just to add up a bout dilution fee, this fee is typically 0% to 2% of the transaction purposely applied for existing investors not to be hurt by new investors since trading costs varies day by day. So it is like paying the fund for trading costs you just made since you don't spend a penny on buying and selling.

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April 12, 2020, 02:34:15 PM
 #14

Good thing that you open this thread it will helps a lot  for those who are also interested in joining/participating with gambling investment opportunities. The actual stats will bring a good reference to everyone, your journey will served as basis of each investors who also looking for this same industry, it's always better to have insight to any investment that you are planning to participate, thanks in advance..

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April 12, 2020, 04:35:28 PM
 #15

Well, it sounds interesting now to invest but first I was thinking first in choosing a certain gambling site that is safe of putting your investment. I don't understand how your investment works in any gambling platform but if I have enough time I will make research on it. Just like I am having interest now to invest rather than a gambler. Indeed, --good luck on your new journey as an investor.
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April 12, 2020, 05:17:00 PM
 #16

Well done, it would be great to share investment methods in gambling sites!!!It will contribute to the development of gambling addicts skill by switching from gambler to investor Wink I hope you will update the thread and share the profits that have been made in the short and long term.


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April 12, 2020, 05:33:10 PM
 #17

~snip~
I invested 0.05BTC at bustadice and it diluted the 2% of it, so I have 0.049BTC investment and 0.001BTC loss.
^ Can you explain it about the diluted fee and why that was deducted by 2%. That already your loss, is not right?
Thank you for sharing this to us, maybe this will lure to other gamblers to save their Bitcoin and instead of sleeping on their wallet, why not invest in gambling platform. Nevertheless, aside from Bustadice and Yolodice which gambling platform that has an offer investment like this?

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April 12, 2020, 07:14:35 PM
 #18

Yeah, there was another person who used to make an experiment like this and he invested probably about 5000 dollars into sites all around and he was invested into multiple places and not just one of them and he kept track of it every single month, however he quit as far as I know because I couldn't find any up to date version of it.

Obviously in long period of time if you are investing into a trustworthy good casino, you make money and that was proven as well, there were few places that you could have lost money if you invested and they were all a bit shady to begin with. However this doesn't mean you would make profit in dollar sense, while people lose money to casinos mainly, there is also the fact that bitcoin drop in price, which means your investment could drop in dollar value as well.
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April 12, 2020, 07:40:24 PM
 #19

@Yatsan As someone who has invested in this gambling, can you tell in detail the daily, weekly and monthly profit levels.
Or even if there is a loss level too.
In everyone's posts here it seems like only you know about it.  So I hope you can explain first before we all try it.

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April 12, 2020, 08:17:55 PM
 #20

Well, the gambling platform was a good choice, bustadice has running well here especially the dog camp and it's one of the highest paying sig camp here, I think they are trustable. Was this only staking on the site, am I right?

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       RLB       
WHITEPAPER
RLB LOTTERY
..PLAY NOW..
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