Snipie's gambling investment test

[Tytanowy Janusz]

I don't know how it is calculated but I am still happy to see the green numbers.

Already explained it here.

What scares me the most is this:



-50% in few days. People who has open investment in this moment most likely are not in profit since now (8 months later).

[snipie]

I don't know how it is calculated but I am still happy to see the green numbers.

Already explained it here.

What scares me the most is this:

https://i.imgur.com/cFVB0ok.png

-50% in few days. People who has open investment in this moment most likely are not in profit since now (8 months later).

Yeah the couple last days are bad.
For BTC I could say that it is stable since 2 days after the initial crash..
For LTC, the trend is really messy with ups and downs but overall we are facing losses in short term.
https://yolodice.com/#stats/investor you can select 1h or 15min for a quick look in the latest days or hours shart (+ zoom also).
My BTC is - 5k - 6k satoshi on average and my LTC is now - 0.05303119 just a huge jump from 0.01xxxxxx, one lucky dude just won 170 LTC while writing 

[xxjumperxx]

Ouch, that LTC Graph looks bad...
Investors took a huge hit on that one! :O
My BTC Invest is still in red, but Im not too worried, just need to stop checking it soo often

[LogitechMouse]

You can pull out your investment there anytime since the dilution fee has been removed.

Anyway, I also experienced what you've experienced too. I started also with a negative profit but it didn't took long. I think in less than a week, I saw my investment turned into green already. I also saw my investment lose at around 15k-20k sats I think but didn't bother me though since I'm investing already for a long time and these small ups and downs doesn't move me anything at all or doesn't make me decide what will I do next.

Put a larger amount of money into it so you have a higher share of profit or you can put an X amount this week and another X amount this week since you're in Yolodice too. You can invest your BTC there quickly.

Same with me.
I don't really check it much but upon reading all the investment thread, I had the urge to look at it. 

Last time I checked I was at +15k satoshis.
Now I am at +6k.
I don't know how it is calculated but I am still happy to see the green numbers.
Maybe it will take more time before we could really see a better green amount. 

We are doing the exact opposite . You aren't checking it too much while I'm checking it early in the morning until the night .

I know that is quite weird not advisable but I'm ok with it. Within the past days, some of my profit got wiped but now it is slowly recovering already. Getting profit will really take time especially if you invested a small amount of BTC only like I did. Just be patient. Investing in gambling sites and get profit really takes time but that would be better instead of just holding it.

Or maybe I will stop checking it too but it is my daily habit already . I will try to lessen my times of checking it .

[Reid]

We are doing the exact opposite . You aren't checking it too much while I'm checking it early in the morning until the night .

I know that is quite weird not advisable but I'm ok with it. Within the past days, some of my profit got wiped but now it is slowly recovering already. Getting profit will really take time especially if you invested a small amount of BTC only like I did. Just be patient. Investing in gambling sites and get profit really takes time but that would be better instead of just holding it.

Or maybe I will stop checking it too but it is my daily habit already . I will try to lessen my times of checking it .

That's cool.
Perhaps you could also create the same thread like Snipie did since you are already making efforts into checking it daily.
Just a suggestion though. 

I accidentally closed my investment.
I don't really know how it happened. I opened a new tab while the other is at the investment window. Shit happens.

So I restarted a new one with a higher amount. I am getting better numbers now and is still in green light. 
Hoping this will continue. It is still in BTC investment.

[stadus]

Ouch, that LTC Graph looks bad...
Investors took a huge hit on that one! :O
My BTC Invest is still in red, but Im not too worried, just need to stop checking it soo often

Maybe set a goal and time frame of your investment so you don't have to check your investment on a daily basis, that's very stressful mate, you need to learn how to discipline yourself and just trust the gambling site you are investing with.

[snipie]

Ouch, that LTC Graph looks bad...
Investors took a huge hit on that one! :O
My BTC Invest is still in red, but Im not too worried, just need to stop checking it soo often

Maybe set a goal and time frame of your investment so you don't have to check your investment on a daily basis, that's very stressful mate, you need to learn how to discipline yourself and just trust the gambling site you are investing with.

Kinda like HODL your bitcoin until it becomes equivalent to 6 numbers ($) 
We definitely try to disciple ourselves but at the end everybody is checking the bitcoin chart/price everyday 

[snipie]

Updated the table. We are now in week 4.
Still a reddish week on both BTC and LTC investments although investors suffered huge losses in LTC due to crazy whales. I was there when a guy grabbed around 170 LTC in few minutes. Now my LTC investment is minus -0.04.
For BTC things are getting better and we may profit again soon tho

[freedomgo]

Updated the table. We are now in week 4.
Still a reddish week on both BTC and LTC investments although investors suffered huge losses in LTC due to crazy whales. I was there when a guy grabbed around 170 LTC in few minutes. Now my LTC investment is minus -0.04.
For BTC things are getting better and we may profit again soon tho

You are just negative of "- 0.2899 %", that's a very small loses, if we can stomach our loses investing in crypto where we lose 50% of our investment, for sure this one is not really a big deal, and I believe that your investment will eventually grow and you'll get a positive ROI soon.

[STT]

3% on my main investment. My second one is -6%

Is it fair to say when we see a dip like this it might be a good time to enter the market, presuming that the house loss or bad run will turn back to profits also in future just by the laws of probability.   Thats presuming the whale or whatever situation caused the loss, continues their games and allows the casino to get back its house fee and recover the profits on future games.   If people never won after all we'd just see a continual decline in business and revenue so its some kind of hidden positive when the casino pays out big?

[snipie]

3% on my main investment. My second one is -6%

Is it fair to say when we see a dip like this it might be a good time to enter the market, presuming that the house loss or bad run will turn back to profits also in future just by the laws of probability.   Thats presuming the whale or whatever situation caused the loss, continues their games and allows the casino to get back its house fee and recover the profits on future games.   If people never won after all we'd just see a continual decline in business and revenue so its some kind of hidden positive when the casino pays out big?

Complex situation. The laws of probability tell that the house is always winning but sometimes at Yolodice, the losses are important in a short time. In the stats chart we see a constant growth in the long term (years) but in the medium range (weeks) there is a huge volatility with a big deep. Now doge and LTC experienced this few days ago and today was the turn of BTC with - 4 BTC. Right now my BTC investment is - 0.00025559 BTC, look at the table to see how it was before few hours!
There is crazy dudes betting with big numbers, 10 BTC? seriously! I gotta have a heart attack, depression and every thing you could imagine if I lose it.
So Yolo is winning most of the time and sometimes huge whales come and eat the whole tuna tribe. The problem you never know when they will come again. The investment will recover surely but how long it takes? Is investing now safe? No one knows

[LogitechMouse]

I just wake up in the morning and I see this:



That huge red candle take some of my profit and I know that some experienced it too. From 70k sats profit down to just 20k as of this moment. What happened to the investment of other investors here? Just sad on my part but it is part of the game. What a lucky gambler he is .

[xxjumperxx]

I just wake up in the morning and I see this:



That huge red candle take some of my profit and I know that some experienced it too. From 70k sats profit down to just 20k as of this moment. What happened to the investment of other investors here? Just sad on my part but it is part of the game. What a lucky gambler he is .

Wow, I was lucky enough to pull a big portion of my investment before the red candle hit the Bankroll!
But thats gambling, he was lucky and the house lost on this one, thats why investments should be long term, because the house always wins in the end...
I ended my investment in the red, but I needed them BTC but lucky I pulled when I did.

[Tytanowy Janusz]

What do you guys think about "trading on casino profit chart?". Not saying about doing regular TA (trend lines etc) but simply investing on the dips? From first look it does not makes sense. This chart is not moving based on supply and demand and should be moving 100% random in short term while in long term going up, but is it 100% random?

I'm just thinking:

-How often did you withdraw your profit from gambling site?

If someone wins big:
In most cases people gamble until they loose everything. Even if they double/tripple they come back next day to lose it all. They have different approach with profit money than with earned money (are willing to take more risks).
If someone loose big:
In most cases leaves casino for a while (waiting for next month salary f.e). He simply can't play more without money.

So i'm saying that after dumps casino has higher chances for short term profit than after pumps and that dives you nice kick for the start of your investment.

[xxjumperxx]

What do you guys think about "trading on casino profit chart?". Not saying about doing regular TA (trend lines etc) but simply investing on the dips? From first look it does not makes sense. This chart is not moving based on supply and demand and should be moving 100% random in short term while in long term going up, but is it 100% random?

I'm just thinking:

-How often did you withdraw your profit from gambling site?

If someone wins big:
In most cases people gamble until they loose everything. Even if they double/tripple they come back next day to lose it all. They have different approach with profit money than with earned money (are willing to take more risks).
If someone loose big:
In most cases leaves casino for a while (waiting for next month salary f.e). He simply can't play more without money.

So i'm saying that after dumps casino has higher chances for short term profit than after pumps and that dives you nice kick for the start of your investment.

That does make sense indeed.
I have heard of it multiple times that its good to invest on dips.

Players are greedy, they simply are!
So when people win, they usually dont leave the casino with the winnings.
They stay or come back and gamble again, often losing their winnings and even more on top of that.
There can only be so much luck and the house edge will eventually even out.

Same goes for people losing as you mentioned, they keep chasing their losses and lose more and more...

[LogitechMouse]

I just wake up in the morning and I see this:



That huge red candle take some of my profit and I know that some experienced it too. From 70k sats profit down to just 20k as of this moment. What happened to the investment of other investors here? Just sad on my part but it is part of the game. What a lucky gambler he is .

Wow, I was lucky enough to pull a big portion of my investment before the red candle hit the Bankroll!
But thats gambling, he was lucky and the house lost on this one, thats why investments should be long term, because the house always wins in the end...
I ended my investment in the red, but I needed them BTC but lucky I pulled when I did.

I'm still in profit though but that was a huge loss for me. My profit that I waited for around a month or more just vanished in an instant.
Well, you're right. Investing in a gambling site is considered gambling too and if a gambler came to get huge profit then he is lucky. That is how gambling works too so no need to be afraid off . I have put my mindset already into a state where I don't feel anything if I will incur a huge loss in my investment. I'm still in profit right now though but... yeah hahaha lucky for you that you pulled your investment there or you will have a larger loss.

[leea-1334]

Yep, I was affected too (1.6% right now over the last week) but the thing is we really cannot view the charts like this. Casino and house edge is all about long term and in this sense we talk about years, not months. For years I was in profit at bitvest too, and then boom this year it wiped almost everything out because of a lucky whale. I am confident it will still give profit over long term but again, we mean YEARS. The same will happen for yolo, minus variance for sure.

[stadus]

Ouch, that LTC Graph looks bad...
Investors took a huge hit on that one! :O
My BTC Invest is still in red, but Im not too worried, just need to stop checking it soo often

Maybe set a goal and time frame of your investment so you don't have to check your investment on a daily basis, that's very stressful mate, you need to learn how to discipline yourself and just trust the gambling site you are investing with.

Kinda like HODL your bitcoin until it becomes equivalent to 6 numbers ($) 
We definitely try to disciple ourselves but at the end everybody is checking the bitcoin chart/price everyday 

Yeah that's it, I know it's hard at the beginning but along the way you'll learn to discipline yourself.
Actually it's nice to monitor it daily but you need to ensure that it's not affecting you, thing is, we are human, when we are happy or we are sad, it might change our mood, and we know investing is like gambling as well, sometimes we have a bad days so if we are mature, we will be able to face that without any problem.

[Reid]

Did you all felt it too or is it just me?



As I said before, I recently renewed my investment with more addition because I accidentally closed it.
Is this the product of starting over again or did it really just went down with all of us?

[snipie]

Did you all felt it too or is it just me?

https://i.ibb.co/dmx935C/yolo2.png

As I said before, I recently renewed my investment with more addition because I accidentally closed it.
Is this the product of starting over again or did it really just went down with all of us?

We all suffered this loss depending from our share in the bankroll. That big deep was quite unexpected but of course possible. Lucky whale!