Snipie's gambling investment test

[LogitechMouse]

The negative trends is continuing those days. LTC investment plunged again but also BTC investors continued to lose their funds. Hard days for us investors by lucky whales

I also saw my profits slowly withering away as days go by .

Not affected on it TBH. Like I always said, I've seen crypto going up and down already so this is not new for me . I knew it already that investing in a Gambling site takes time to have some profits. Not all gamblers are losing their money anyway. There will be some who will come out lucky and will get our profits away .

[Finestream]

The negative trends is continuing those days. LTC investment plunged again but also BTC investors continued to lose their funds. Hard days for us investors by lucky whales

I also saw my profits slowly withering away as days go by .

Not affected on it TBH. Like I always said, I've seen crypto going up and down already so this is not new for me . I knew it already that investing in a Gambling site takes time to have some profits. Not all gamblers are losing their money anyway. There will be some who will come out lucky and will get our profits away .

Luck is not consistent but your house edge is consistent, so trust the system, eventually these whales will just have their losing days and everything will be back in green. That's the beauty of investing in a casino, you will feel the excitement as there are up and down results, but like I said, you have the house edge so you'll end up profitable.

[Natalim]

The negative trends is continuing those days. LTC investment plunged again but also BTC investors continued to lose their funds. Hard days for us investors by lucky whales

I also saw my profits slowly withering away as days go by .

Not affected on it TBH. Like I always said, I've seen crypto going up and down already so this is not new for me . I knew it already that investing in a Gambling site takes time to have some profits. Not all gamblers are losing their money anyway. There will be some who will come out lucky and will get our profits away .

This is correct that not every day will be same and investing in gambling site just like others have the risk and one should be ready to bear those risk. Though it generally does not happen that easily but once a while a lucky whale wins big and thus results into losses for the investors who had invested such sites. Anyways in longer term this will yield you profits its only matter of time.

Try to see it through a bigger picture, if there are casinos out there that got bankrupt because whales hit big time, then it's right to believe that they are a threat, but there's none, because casinos have limits and they know what they are doing, they don't need to win all the time but they will certainly win most of the time.

[Maus0728]

For those people who are investing in LTC. Look at at your investments, someone won an approximate 100 LTC causing your investments to drop.

[xxjumperxx]

Ufff, some hard hits have been coming in...
LTC, BTC and Doge have been gotten hit hard with some huge wins.

[snipie]

[url]https://i.imgur.com/tyFwa9V.png[/urk]

For those people who are investing in LTC. Look at at your investments, someone won an approximate 100 LTC causing your investments to drop.

I saw a guy later betting with a considerable amount of LTC and now I was watching him in real time, once he was losing I pulled out my LTC investment with a tiny profit since It wasn't my point to hold it for a long term. Of course my BTC investment will remains for a long time and normally I will update the table tomorrow.

[snipie]

Table updated. We are still facing a dip and I don't see signs of a short term growth. I think it will require a month to recover our losses or a whale losing a couple of BTC while betting 
Even in the bonuses game I was n1 in the first days then 38 now. No luck 

[stadus]

Table updated. We are still facing a dip and I don't see signs of a short term growth. I think it will require a month to recover our losses or a whale losing a couple of BTC while betting 
Even in the bonuses game I was n1 in the first days then 38 now. No luck 

That depends on the luck of the whales, if their turn to lose, you might recover your investment even before one month.
You are negative - 2.1539 % based on your report, it does not hurt you a lot, small lose will not recover big time to recover, you'll be in green light soon.

[jademaxsuy]

Table updated. We are still facing a dip and I don't see signs of a short term growth. I think it will require a month to recover our losses or a whale losing a couple of BTC while betting 
Even in the bonuses game I was n1 in the first days then 38 now. No luck 

That depends on the luck of the whales, if their turn to lose, you might recover your investment even before one month.
You are negative - 2.1539 % based on your report, it does not hurt you a lot, small lose will not recover big time to recover, you'll be in green light soon.

It just need a little patient and a good market. There is no reason to get worried for a small loss. It is part of learning through experience. This is why OP post is important here for everyone to learn and the goos thingnis that it was beng detailed.

Basing on the data OP had provided that during the first few weeks he/she made some gains. Yet, the following weeks had made lot of losses to which it total to almost 2%. Yet, as what others had mention 2% is just tolerable.I will just keep in touch with this post. I can learn from and OP still had updates from time to time.

[LogitechMouse]

The negative trends is continuing those days. LTC investment plunged again but also BTC investors continued to lose their funds. Hard days for us investors by lucky whales

I also saw my profits slowly withering away as days go by .

Not affected on it TBH. Like I always said, I've seen crypto going up and down already so this is not new for me . I knew it already that investing in a Gambling site takes time to have some profits. Not all gamblers are losing their money anyway. There will be some who will come out lucky and will get our profits away .

This is correct that not every day will be same and investing in gambling site just like others have the risk and one should be ready to bear those risk. Though it generally does not happen that easily but once a while a lucky whale wins big and thus results into losses for the investors who had invested such sites. Anyways in longer term this will yield you profits its only matter of time.

Try to see it through a bigger picture, if there are casinos out there that got bankrupt because whales hit big time, then it's right to believe that they are a threat, but there's none, because casinos have limits and they know what they are doing, they don't need to win all the time but they will certainly win most of the time.

That is why there are little casinos or gambling sites that are ending up with a bankrupt because not all the time gamblers are winning. Gamblers who are winning will just come once and it will took a long time again before another one will win again. Casinos or even gambling sites doesn't ending up in bankrupt because they know that they are winning most of the time. As I said, not everyday is lucky day for the gambler but at the same time not everyday is lucky day for us investors on their site too .

[Reid]

Even in the bonuses game I was n1 in the first days then 38 now. No luck 

I think I was at 60+ rank.
I stopped when I become greedy increasing the bet from my winnings. 
Those guys out there must be doing it like 24/7 to keep their ranks on top.

Table updated. We are still facing a dip and I don't see signs of a short term growth. I think it will require a month to recover our losses or a whale losing a couple of BTC while betting 

I may try your LTC technique if this red mark will keep on going in weeks to come.
For now, I am trying to monitor how much are LTC bettors.

[snipie]

Even in the bonuses game I was n1 in the first days then 38 now. No luck 

I think I was at 60+ rank.
I stopped when I become greedy increasing the bet from my winnings. 
Those guys out there must be doing it like 24/7 to keep their ranks on top.

Damn didn't understand how they did it. My best lucky shot was 28 tho then ~87. The first day was the first, never thought I will be kicked from the table.
They might be playing 50/50 +0.002 ETH with big amount so they can keep rolling hundreds bets... Anyway waiting for the next competition 

Table updated. We are still facing a dip and I don't see signs of a short term growth. I think it will require a month to recover our losses or a whale losing a couple of BTC while betting 

I may try your LTC technique if this red mark will keep on going in weeks to come.
For now, I am trying to monitor how much are LTC bettors.

That technique is useful to save your investment in that moment if you are lucky but when you invest again no one will know if the same dip will occur again or not

[stadus]

That is why there are little casinos or gambling sites that are ending up with a bankrupt because not all the time gamblers are winning. Gamblers who are winning will just come once and it will took a long time again before another one will win again. Casinos or even gambling sites doesn't ending up in bankrupt because they know that they are winning most of the time. As I said, not everyday is lucky day for the gambler but at the same time not everyday is lucky day for us investors on their site too .

I don't believe that's the reason why small casinos got bankrupt.

They know they are a small casinos, therefore they also have small limit compared to big casinos, IMO, the main reason they got bankrupt is because they can't attract a good number of gamblers, hence that would result to a lower revenue while their expenses is still fix, in short, it could be the lack of marketing and a small amount of capital in the business.

[DarkDays]

Although there is an increase in number of players at these casinos, I think that the overall revenue has dropped in the last few months, since people are less willing to spend money since they might been laid off at work or have poor job security. Because of this, it could simply be that the losses are taking longer to recoup than normally. It shouldn't be possible for a whale to tank the bankroll for a long time unless the game is improperly set up to prevent this, or he gets astronomically lucky.

[Ziskinberg]

Although there is an increase in number of players at these casinos, I think that the overall revenue has dropped in the last few months, since people are less willing to spend money since they might been laid off at work or have poor job security.

What I know is the opposite, I read somewhere that the revenue of crypto casinos have increase since gamblers are not anymore allowed to gamble in a land based casino, so they have no option but to gamble online and the situation also helped for the crypto casinos to be introduce to them.

[xxjumperxx]

Although there is an increase in number of players at these casinos, I think that the overall revenue has dropped in the last few months, since people are less willing to spend money since they might been laid off at work or have poor job security.

What I know is the opposite, I read somewhere that the revenue of crypto casinos have increase since gamblers are not anymore allowed to gamble in a land based casino, so they have no option but to gamble online and the situation also helped for the crypto casinos to be introduce to them.

Las Vegas has been opened up, well partly and I think there are still loads of people that know nothing of crypto and play in a local casino. While I do think that more gamblers have joined crypto gambling, I think its just a case of variance that the yolo has been hit by. A whale can come in, get lucky, come back and be lucky again... then come back and lose it all...
Small time gamblers will build up the BR again, but of course it will take a lot longer...

[Ziskinberg]

Although there is an increase in number of players at these casinos, I think that the overall revenue has dropped in the last few months, since people are less willing to spend money since they might been laid off at work or have poor job security.

What I know is the opposite, I read somewhere that the revenue of crypto casinos have increase since gamblers are not anymore allowed to gamble in a land based casino, so they have no option but to gamble online and the situation also helped for the crypto casinos to be introduce to them.

There has being an increase in number of people in online casinos because of the lockdown as casinos have being closed. So that benefit will be a huge to the gambling sites as they always have an edge and make money.

I agree with you on your statement, but not on below's statement.

Also, some of them may quit considering they do not have job, or not getting paid on other hand some of them would be trying their luck to see if they can make some quick money in process so that it can help them financially.

Maybe there are few but it's not substantial enough to contribute to the increase of revenue of the site, most people if they don't have job would prefer not to gamble, only irresponsible people would try their luck when they don't even have a job.

[Reid]

Table updated. We are still facing a dip and I don't see signs of a short term growth. I think it will require a month to recover our losses or a whale losing a couple of BTC while betting 

I may try your LTC technique if this red mark will keep on going in weeks to come.
For now, I am trying to monitor how much are LTC bettors.

That technique is useful to save your investment in that moment if you are lucky but when you invest again no one will know if the same dip will occur again or not

Yeah, I will take that risk for as long as there is no Dilution fee yet.
The downside is having a long list of investment numbers.  
Maybe just getting back what I had lost from my BTC investment and gambling will be enough.

How about in Doge? Have you tried doing the same thing?

Damn didn't understand how they did it. My best lucky shot was 28 tho then ~87. The first day was the first, never thought I will be kicked from the table.
They might be playing 50/50 +0.002 ETH with big amount so they can keep rolling hundreds bets... Anyway waiting for the next competition 

You're playing dice in Ethereum?
We won't get the profits from our investments if you are playing there.  

[snipie]

Table updated. We are still facing a dip and I don't see signs of a short term growth. I think it will require a month to recover our losses or a whale losing a couple of BTC while betting 

I may try your LTC technique if this red mark will keep on going in weeks to come.
For now, I am trying to monitor how much are LTC bettors.

That technique is useful to save your investment in that moment if you are lucky but when you invest again no one will know if the same dip will occur again or not

Yeah, I will take that risk for as long as there is no Dilution fee yet.
The downside is having a long list of investment numbers.  
Maybe just getting back what I had lost from my BTC investment and gambling will be enough.

How about in Doge? Have you tried doing the same thing?

Damn didn't understand how they did it. My best lucky shot was 28 tho then ~87. The first day was the first, never thought I will be kicked from the table.
They might be playing 50/50 +0.002 ETH with big amount so they can keep rolling hundreds bets... Anyway waiting for the next competition 

You're playing dice in Ethereum?
We won't get the profits from our investments if you are playing there.  

Yeah tried doge investment and pulled up my coins fast with a tiny loss. Doge investment in yolo is very unstable and risky imo, way more than LTC and BTC.
ETH dicing mainly in competition, LTC and BTC sometimes, doge rarely.
Tried doge dice, picked low, got like 10 high... Tried again and again and failed. LTC today was the same, too many consecutive red in 50% chance lol. Bad day 

[glowing10]

This week as well it seems your loses would increase because there was a 2+ btc won ystd by someone and thus for the people with the open position their profits if any would be reduced or turned in losses and for those who are continuing with their investment will just add up more losses to it. This is how the gambling investment works. Hope the site make some profits which will happen eventually and will be big relief for the investors.