GAMBLING SITE INVESTMENT

[harizen]

...whether the profits are automatically reinvested or you have withdrawn it?

Profits are just there.

3 weeks just passed so OP didn't plan to withdraw yet and I believed it will take a year or two or if it's really necessary to cashout before OP consider withdrawing.

About the risks, OP is surely aware of this before risking his money and already accept that sh*t is always possible to happen along the way.

[Hippocrypto]

Btw though the profit is really very small according to investment amount, hope will it will Increase in upcoming weeks. Keep it updated that will helps others to think before make any investment in gambling site. 

That's really the usual return of your investment as you are not the only one investing, it's a big bankroll and a lot of investors investing different amount, you only get a little percent of the pie, as per OP's investment, he only invest 0.049 btc in bustabit, so it would not really generate a lot of return.

For some gamblers, they can't stand with a small profit, hence, they will choose to just gamble as they can increase their money into many folds even in just less than a day, but the risk is really high.

The dividend is reasonable unlike if you invest on more riskier platforms and even if the profit is low for sure OP knows about that yet settled for the result came.

And also OP is happy with the result so its better for him and many people glad that he share is experience,profits and insights about the investing on bustadice.

If there's a positive results with each and everyone's lives, we must embrace it and be happy about their success. However, that risk must not be ignored because gambling isn't about long term wins. You also have to consider those bad times you had before enjoying the profit that you achieved.

[milewilda]

...whether the profits are automatically reinvested or you have withdrawn it?

Profits are just there.

3 weeks just passed so OP didn't plan to withdraw yet and I believed it will take a year or two or if it's really necessary to cashout before OP consider withdrawing.

About the risks, OP is surely aware of this before risking his money and already accept that sh*t is always possible to happen along the way.

He's pretty aware with that and its great that he do share up his investment information to the public so that we can have some idea in terms of gambling house investment.It might not really be that big but its good to look at into those positive results.Yes, it might not be permanent because not all is profiting days which is already an expected thing to happen.Thanks op for sharing this up and i will follow this one until
you do decide to cashout and let the majority do saw on what are the returns and losses with this investment experiment of yours.

[ChuckBuck]

Then how you make a claim most of the bankruptcy casinos making their own conspiracy, this is just from your own speculation right?

I'm not talking about the bankruptcy of casinos, I'm talking about everything on cryptocurrencies in general. Every time someone declared bankruptcy, they hugged a large amount of money and then disappeared. I agree that I have no data to prove, but you can see through practice in the last 3 years

The reality, cassino do not make any claim they really concerned their profit to their investor.
Most of the casino putting a statement, there is no guarantee you will always getting a profit-based "how the bankroll investment work". So they not really concerned the investor always getting some profit, it's all depend about the situation of the casino itself.

Of course, no casino is committed to profitability for the participants. But the profit of investors and the profit of the casino are directly proportional to each other. A casino is always looking for ways to make the most profit. As long as they care about their own profits, investor profits will be guaranteed. So I still think it is not a risk. No casino wants to lose money

[ryzaadit]

I'm not talking about the bankruptcy of casinos, I'm talking about everything on cryptocurrencies in general.

First, you said about bankruptcy then you referring about this :

a reputable casino will not do that

It's mean you also could be referring to a casino, IMO if you talking about the case of cryptocurrency in general case no really necessary to mention in here. Since the topic of casino and gambling and the proof still not enough because it's only based on your speculation.

Every time someone declared bankruptcy, they hugged a large amount of money and then disappeared. I agree that I have no data to prove, but you can see through practice in the last 3 years

Its all depend on the case their bankruptcy if they declare that with the reason of the hacked case and lost all fund sure they will be bankrupt since can't really refund all the customer money who has been lost because of cant refund all the customer asset.

Everything was handle case by case if you referring disappeared with a large amount without any problem its mean scam and not really making an exit with some bankrupt statement without solid proof.

[Ziskinberg]

So I still think it is not a risk. No casino wants to lose money

Agree with you fully on this, casinos usually are profitable if they have a gamblers, they own the rules, they can set and adjust it accordingly to remain profitable. However, my only concern is that "if casino will go scam".. we will never see our money again, so diversifying investment in different casinos would be a big help here to reduce the risk.

[Globb0]

Most of the casino putting a statement, there is no guarantee you will always getting a profit-based "how the bankroll investment work". So they not really concerned the investor always getting some profit, it's all depend about the situation of the casino itself.

Great point here. If there was 0 risk they would be using their own money and raking it all in. The reason they would rather use your money must tell you something about that.



My points here (in this thread) are generally around the investment type and if its worth it.


The original person has mitigated some of the risks by picking long running and reputable parties to invest in. Doing that homework must be crucial for any investment.

Also I hope to OP isn't taking those comments too personally because they are generally aimed to all as a warning (I can see he is comfortable with what he is doin and good luck to him - and anyone here among our friends who is going to invest in something)

[ChuckBuck]

Its all depend on the case their bankruptcy if they declare that with the reason of the hacked case and lost all fund sure they will be bankrupt since can't really refund all the customer money who has been lost because of cant refund all the customer asset.

Everything was handle case by case if you referring disappeared with a large amount without any problem its mean scam and not really making an exit with some bankrupt statement without solid proof.

I understand what you said, I know the risks you mentioned. But a hack is always the best reason to disappear with all the money, right? Everything can happen, a hack can actually happen by another, it can be caused by them, who knows?
Basically, you and Globb0 are analyzing all possible risk factors. And I only talk about feasible risks, risks that investors can identify, not include majeure risks such as a hack.

I also think that we shouldn't continue arguing here, as I said at the beginning, we have different mindsets, there's no need to argue.

[Tipstar]

Its all depend on the case their bankruptcy if they declare that with the reason of the hacked case and lost all fund sure they will be bankrupt since can't really refund all the customer money who has been lost because of cant refund all the customer asset.

Everything was handle case by case if you referring disappeared with a large amount without any problem its mean scam and not really making an exit with some bankrupt statement without solid proof.

I understand what you said, I know the risks you mentioned. But a hack is always the best reason to disappear with all the money, right? Everything can happen, a hack can actually happen by another, it can be caused by them, who knows?
Basically, you and Globb0 are analyzing all possible risk factors. And I only talk about feasible risks, risks that investors can identify, not include majeure risks such as a hack.

I also think that we shouldn't continue arguing here, as I said at the beginning, we have different mindsets, there's no need to argue.

It would be really difficult to hack a good casino site as I know almost all of them put most of their money on a multisig cold wallet.
And just a small amount of money lies on the hot wallet. Mostly below 1% of the total bankroll. And in case of a hack, a reputable casino should forfeit the bankroll investors like daniel did when a person exploited a bug to win in his casino.

[naikturun]

The profit is very small, but I am considering it doing for longterm so I think It's all good for now.
I will at least observe the movement for months and consider if I am gonna continue it or not.
[/center]

LoL  At first glance, I was surprised by the profit value in USD, but when I look carefully, the basic profit in BTC is very small, less than 0.5%. Soaring BTC has made your profits somewhat strong  I expect a better profit, 1% a week is good enough for compounding  compound interest is something really big compared to regular profits, I'm waiting 1% for your next week  I will invest immediately if it is 1% 

and also profit like this is uncertain, if you read further information, this is like you become one part of the site, if the banker wins then the results will be shared with all investors, if you lose then the losses will be divided equally according to the amount of each investment .

[ryzaadit]

I understand what you said, I know the risks you mentioned. But a hack is always the best reason to disappear with all the money, right? Everything can happen, a hack can actually happen by another, it can be caused by them, who knows?

Yes, but most of them because of that.

What I said before all depend on a case by case,

Basically, you and Globb0 are analyzing all possible risk factors. And I only talk about feasible risks, risks that investors can identify, not include majeure risks such as a hack.

I just want to explain what @Globb0 wants to say.

I also put my own speculation risk from my perspective, so basically i agree with @Globb0 there has some risk well any kind of investment it always has some risk it's really impossible went u doing any investment without some risk include on thats. But for the risk i have some different speculation from @Globb0 here it is :

But from my perspective, the risk could be taken from "the price of which cryptocurrency u used went enter the investment" went we compare with, the profit gained during an investment, how long the investment happens and the high volatility of cryptocurrency since we using crypto for the investment.

I also think that we shouldn't continue arguing here, as I said at the beginning, we have different mindsets, there's no need to argue.

No hard feeling xD.

Everyone has their own perspective, went someone who said different against them there always be argue and that's part of the forum.

I just want to put my 2 cents .

Cheers.

[Yatsan]

So here's my update for week4!!

This is the update for bustadice:

This is my total profit for:

BTC: 0.00082706
USD: 97.2
PHP: 4,791



This is the update for Yolodice:        

This is my total profit for:
BTC: 0.00147812
USD: 107.36
PHP: 5,303



Here's the spreadsheet:



The profit this week is little bit higher last week and it's been a good week for yolodice!

What are your thoughts this week?  

[Natalim]

The profit this week is little bit higher last week and it's been a good week for yolodice!

Good to hear that, it seems like your investment is having a good start, well I am hoping it will continue because we all love to see our brothers here to be  profitable.

What are your thoughts this week?  

I think the trend will follow, you'll still be profitable and it will keep increasing since you having divest your investment yet.
it's still too early to conclude, I'll think of putting some investment in this site after at least 3 months of monitoring your journey.

[ChuckBuck]

What are your thoughts this week?  

Well, you have a great profit for Yolodice this week, but not just Yolodice. Profits were higher than from both casinos, Bustadice also had better returns than the previous weeks. But the best part is still profit from Bitcoin. I must say that I am very interested in the investments you are making, a stable amount of money each week. Much better than profit from any bank 

[Ziskinberg]

What are your thoughts this week?  

Well, you have a great profit for Yolodice this week, but not just Yolodice. Profits were higher than from both casinos, Bustadice also had better returns than the previous weeks. But the best part is still profit from Bitcoin. I must say that I am very interested in the investments you are making, a stable amount of money each week. Much better than profit from any bank 

Looks like OP's investment journey started at the right time, OP now is both profitable on btc and usd value or php and that's good to see that even until today, investing in a casino is still profitable.

[janggernaut]

Looks like OP's investment journey started at the right time, OP now is both profitable on btc and usd value or php and that's good to see that even until today, investing in a casino is still profitable.

OP's investment already profitable since he started it on both sites, it's true if OP's investment was down in bustadice in week #2, but in dollar, it's still good profit ( i know it's because affected with bitcoin price too which still increasing until now). The biggest jump from his investment is on yolodice, especially from week #2 to week #3.
Many people are prefer to gamble since they can't get out / isolated due to covid-19, that's might be one of reason why there are more people online in gambling sites, inc both of sites which OP have invested his money

[bitcoin31]

This is nice thread it because they have people who are going to invest to the gambling website but they cannot choose because they don't have any clue or what is possible to earn if they invest so I think it is good for them because they will evaluate the possible income they get once they started to invest. Thank you also for uodating this thread weekly it is good for us to watch the process of investing in gambling.

[ultrloa]

What are your thoughts this week?  

Well, you have a great profit for Yolodice this week, but not just Yolodice. Profits were higher than from both casinos, Bustadice also had better returns than the previous weeks. But the best part is still profit from Bitcoin. I must say that I am very interested in the investments you are making, a stable amount of money each week. Much better than profit from any bank 

Looks like OP's investment journey started at the right time, OP now is both profitable on btc and usd value or php and that's good to see that even until today, investing in a casino is still profitable.

It's double profit if the price of bitcoins will rise But! If the price of bitcoins will fall for sure it's double lose also. But we cannot expect those losing moments at the moment since for sure these days the price of bitcoins will increase more due to the current halving that will give a good effect on the price so OP might got a big full pocket after this things became on good shape.

[matchi2011]

Looks like OP's investment journey started at the right time, OP now is both profitable on btc and usd value or php and that's good to see that even until today, investing in a casino is still profitable.

OP's investment already profitable since he started it on both sites, it's true if OP's investment was down in bustadice in week #2, but in dollar, it's still good profit ( i know it's because affected with bitcoin price too which still increasing until now). The biggest jump from his investment is on yolodice, especially from week #2 to week #3.
Many people are prefer to gamble since they can't get out / isolated due to covid-19, that's might be one of reason why there are more people online in gambling sites, inc both of sites which OP have invested his money

Good observations, with this pandemic virus gamblers needs to stay at home, learning how to play online gives them the chance to continue playing and with the timing OP have, getting passive income is really doing well. If the market will keeps on rising the fiat value of OP's investment will stay at positive sides.

[ChuckBuck]

This is nice thread it because they have people who are going to invest to the gambling website but they cannot choose because they don't have any clue or what is possible to earn if they invest so I think it is good for them because they will evaluate the possible income they get once they started to invest. Thank you also for uodating this thread weekly it is good for us to watch the process of investing in gambling.

There are always topics like these to provide an experience for other users on this forum, a true experience for others by following 

It's double profit if the price of bitcoins will rise But! If the price of bitcoins will fall for sure it's double lose also. But we cannot expect those losing moments at the moment since for sure these days the price of bitcoins will increase more due to the current halving that will give a good effect on the price so OP might got a big full pocket after this things became on good shape.

Of course, compound interest and double loss are similar  While compound interest gives us extreme excitement, double losses are the obsession of any investor  That is why investors always choose safe assets whenever the market has a big storm. Anyway, Yatsan is having a great profit, I expect more from him in the coming weeks.