Snipie's gambling investment test

[Tytanowy Janusz]

Yeah I saw it, I don't know why I always feel that those blocks are related to a group of people or that one is related to the site/admins. Anyway, old investments of +3 months seems to be ok but barely all investment less than 2 months old seems to suffer losses.

Yea i think that too. This biggest and oldest position looks like owners share.
My investment was under water for weeks too. This investment is long term. In short term fluctuations shed false light. BTW someone is winning good now. My profit went down from 22% to 15%.

Honestly I don't have the courage to invest the equivalent of 1 BTC in doge bankroll nor to exchange my BTC to doge.

Min investment is 2000 doge - 5,6$

I hope doge grows and jump to +60 sat but I don't expect this to happen before bitcoin passing $18k-20k. Doge isn't a pump and dump coin.

To be honest I see DOGE as 100% pump and dump coin. As you can see on chart that i shared earlier. As soon as price touch 20 sat it explodes to 60-120 sat in few days and then dump back to 20 sat and it repeated 8 times. I think that everything may happen with price but pomp to 60 sat is very possible. No matter if it will start from 20 sat or 15 sat after half year (half year of passive roi from casino)

[snipie]

-snip-

Yeah I am aware of the minimum amount of Doge required to open an investment, I already did it twice, I was just referring to the amount in that block which is ~1 BTC
For Doge as pump and dump coin, I don't have big idea since I don't follow it regularly, I just used to learn about it years ago and its community seems to not care that much about the price, maybe things changed.

[freedomgo]

-snip-

Yeah I am aware of the minimum amount of Doge required to open an investment, I already did it twice, I was just referring to the amount in that block which is ~1 BTC
For Doge as pump and dump coin, I don't have big idea since I don't follow it regularly, I just used to learn about it years ago and its community seems to not care that much about the price, maybe things changed.

Doge is not necessarily a pump and dump coin, its just like a normal coin, even bitcoin can pump and dump at any given time, same with doge, what makes them stable is their trading volume which doge has over $95 million trading volume today, and that's very liquid, good for payment system.

[FinneysTrueVision]

The Dogecoin bankroll has been getting killed these past two weeks. I opened a new investment 3 weeks ago and it is down more than 16% and my lifetime profits are also negative. There's a couple of whales who have been wagering tens of millions of DOGE per week.

[Tytanowy Janusz]

Yes. My 22% profit just get rect. 4% profit left from 5.5 month old investment. Doge is -25% (DOGE/BTC price - from 27 sat to 20 sat). So far it's not my best investment. To shame ... It looked so promising based on old investors' performance. Good that I didn't put much in it.

I'm not losing hope. Sooner or later statistic advantage that casino has will rect this whale...

[snipie]

Updated the table.
Apparently not only Doge suffered losses, even bitcoin investment rewards are down with the 4 BTC won by a someone in the previous days.
Changes in the bankroll:

BTC bankroll

DATE

|| Currently invested

|| Open investments

|| Current investors

09/09/2020

||   182.68532327

||           144

||              82

16/09/2020

||   194.74100876

||           163

||              86

23/09/2020

||   194.04792640

||           164

||              83

30/09/2020

||   193.12535068

||           164

||              87

08/10/2020

||   191.48537831

||           162

||              87

14/10/2020

||   194.56914707

||           163

||              82

22/10/2020

||   195.51596529

||           163

||              81

30/10/2020

||   198.34342187

||           159

||              77

Less investors, bigger bankroll, less share, harder to recover fast.

[KTChampions]

Updated the table.
Apparently not only Doge suffered losses, even bitcoin investment rewards are down with the 4 BTC won by a someone in the previous days.
Changes in the bankroll:

BTC bankroll

DATE

|| Currently invested

|| Open investments

|| Current investors

09/09/2020

||   182.68532327

||           144

||              82

16/09/2020

||   194.74100876

||           163

||              86

23/09/2020

||   194.04792640

||           164

||              83

30/09/2020

||   193.12535068

||           164

||              87

08/10/2020

||   191.48537831

||           162

||              87

14/10/2020

||   194.56914707

||           163

||              82

22/10/2020

||   195.51596529

||           163

||              81

30/10/2020

||   198.34342187

||           159

||              77

Less investors, bigger bankroll, less share, harder to recover fast.

If you look globally, then rather you need to talk not about how difficult it is to recover quickly, but about the fact that excellent performance has slightly deteriorated due to the big victory of some player. Despite this, the results achieved look great.

[janggernaut]

The Dogecoin bankroll has been getting killed these past two weeks. I opened a new investment 3 weeks ago and it is down more than 16% and my lifetime profits are also negative. There's a couple of whales who have been wagering tens of millions of DOGE per week.

Correct, mine also in negative. The whales are DonalTrumpNow and Deepluck who won total almost 11 million doges in past 2 weeks. Didn't knew both can won so much doge even after Ethan reduced max win bet to 0.5% from total bankroll.

The whale who won 4 BTC yesterday is bitzombie, who betting with 1 BTC each bet. (He even rained some satoshi to people on yolodice's chat box)

[snipie]

Updated the table.
Apparently not only Doge suffered losses, even bitcoin investment rewards are down with the 4 BTC won by a someone in the previous days.
-snip-

If you look globally, then rather you need to talk not about how difficult it is to recover quickly, but about the fact that excellent performance has slightly deteriorated due to the big victory of some player. Despite this, the results achieved look great.

Well I already mentioned that in this post and even in the previous events like that
The drop in week 17 for example, which happened after ethan updated the max bets, was also due to the same whale(s). They won in the beginning then in 3 weeks we almost recovered our losses 
The difference between week 17 and this week is the share in the bankroll which dropped so it may take more time to recover 

[KTChampions]

If you look globally, then rather you need to talk not about how difficult it is to recover quickly, but about the fact that excellent performance has slightly deteriorated due to the big victory of some player. Despite this, the results achieved look great.

Well I already mentioned that in this post and even in the previous events like that
The drop in week 17 for example, which happened after ethan updated the max bets, was also due to the same whale(s). They won in the beginning then in 3 weeks we almost recovered our losses 
The difference between week 17 and this week is the share in the bankroll which dropped so it may take more time to recover 

Okay, I got you. I read the whole topic in full, but I rarely comment, so sometimes I can overlook something 
Have you thought about increasing your investment (and thus your bankroll share), in fact you need to add a small amount to restore the previous share indicators?

[snipie]

Okay, I got you. I read the whole topic in full, but I rarely comment, so sometimes I can overlook something 
Have you thought about increasing your investment (and thus your bankroll share), in fact you need to add a small amount to restore the previous share indicators?

Then I will have to close the current investment and open another one, so basically restarting after +5 months of it. I prefer keep updating the table like that and see how long term investment will looks like.
I can of course open a new investment with a bigger amount but I don't have any intention to do it for the moment at least.

[snipie]

Updated the table.
For the moment our profit in BTC is quite stable after the recent drop.
Changes in the bankroll:

BTC bankroll

DATE

|| Currently invested

|| Open investments

|| Current investors

09/09/2020

||   182.68532327

||           144

||              82

16/09/2020

||   194.74100876

||           163

||              86

23/09/2020

||   194.04792640

||           164

||              83

30/09/2020

||   193.12535068

||           164

||              87

08/10/2020

||   191.48537831

||           162

||              87

14/10/2020

||   194.56914707

||           163

||              82

22/10/2020

||   195.51596529

||           163

||              81

30/10/2020

||   198.34342187

||           159

||              77

04/11/2020

||   204.12134264

||           161

||              77

Now that's a big rise in the invested amount by ~6 BTC in (less than) a week!

[snipie]

Updated the table.
For the third week, our BTC profit is almost exactly the same. The only thing that changed a lot is the bitcoin price ($15,960) driving my total investment to $216.1 from an initial one of $121.7 so $94.4 as a total gain

Changes in the bankroll:
BTC bankroll

DATE

|| Currently invested

|| Open investments

|| Current investors

09/09/2020

||   182.68532327

||           144

||              82

16/09/2020

||   194.74100876

||           163

||              86

23/09/2020

||   194.04792640

||           164

||              83

30/09/2020

||   193.12535068

||           164

||              87

08/10/2020

||   191.48537831

||           162

||              87

14/10/2020

||   194.56914707

||           163

||              82

22/10/2020

||   195.51596529

||           163

||              81

30/10/2020

||   198.34342187

||           159

||              77

04/11/2020

||   204.12134264

||           161

||              77

11/11/2020

||   203.80380805

||           151

||              75

[snipie]

Updated the table.
BTC is almost close to ATH again, above $18k

Changes in the bankroll:
BTC bankroll

DATE

|| Currently invested

|| Open investments

|| Current investors

09/09/2020

||   182.68532327

||           144

||              82

16/09/2020

||   194.74100876

||           163

||              86

23/09/2020

||   194.04792640

||           164

||              83

30/09/2020

||   193.12535068

||           164

||              87

08/10/2020

||   191.48537831

||           162

||              87

14/10/2020

||   194.56914707

||           163

||              82

22/10/2020

||   195.51596529

||           163

||              81

30/10/2020

||   198.34342187

||           159

||              77

04/11/2020

||   204.12134264

||           161

||              77

11/11/2020

||   203.80380805

||           151

||              75

18/11/2020

||   197.57637960

||           152

||              74

[jaberwock]

It is really nice to see what is going on this way, obviously there are ups and downs in casino investment just like gambling itself but it is always nice to see that in the long run it is a profitable thing if you are patient enough. Investor number went down a bit which is obvious, but the invested number didn't really dropped that much which shows that there are less people investing more money, and I don't know what that tells me.

However with bitcoin going higher and higher, I feel like next week will be less invested with some people withdrawing their earnings and cash out when bitcoin price is high. Seeing over $20k could mean drastically changes in investment towards casinos, people may want to move to fiat finally after 3 years of waiting for the all time high.

[janggernaut]

It is really nice to see what is going on this way, obviously there are ups and downs in casino investment just like gambling itself but it is always nice to see that in the long run it is a profitable thing if you are patient enough. Investor number went down a bit which is obvious, but the invested number didn't really dropped that much which shows that there are less people investing more money, and I don't know what that tells me.

The investment in bitcoin is down a lot. As you can see on last week, total bitcoin investment still 203 btc, but this week there are only total 197 btc invested on yolodice. It's mean there are 6 btc divested from btc bankroll investment

[snipie]

-snip-

-snip-

Assuming admins' shares are the same then yeah there is a drop in the number of opened investments along with investors and the amount invested which can be explained by the current fast rise of bitcoin price. As you mentioned if it passes $20k, I am afraid those numbers will drop even more.. In this case admins have to find a way to stimulate investment by points (~token) system generated weekly or something like this, and can be redeemed to crypto...

[KTChampions]

Assuming admins' shares are the same then yeah there is a drop in the number of opened investments along with investors and the amount invested which can be explained by the current fast rise of bitcoin price. As you mentioned if it passes $20k, I am afraid those numbers will drop even more.. In this case admins have to find a way to stimulate investment by points (~token) system generated weekly or something like this, and can be redeemed to crypto...

What is the reason for this? Are investors withdrawing bitcoin to lock in profit from investments and from the growth of the exchange rate? But the fewer investors there are, the greater the proportion of those who remain - it seems to me that ethyo is already a serious incentive to continue holding your position or even increase it.

[magneto]

Great work OP. I was just wondering whether or not you'd be doing this for other sites too?

I think it would be interesting to build a portfolio of investments across a bunch of dice sites, as opposed to concentrating on one in particular. That would mimic a more realistic portfolio for most people imo due to diversified risks.

But damn, these returns are not shabby at all. Over 20% p.a. can legit surpass credit card debt in some countries and then some, and that's discounting any BTC hikes.

[snipie]

-snip-

Thanks. I actually invested only in Yolodice and don't count enlarge it due to several personal reasons.
The revenue are quite good indeed but lately players seem to be lucky and the profit is decreasing slowly over time while it should be the opposite
Until now long term or at least medium term investment is safe.

-snip-

I proposed here the idea of token to be added as a reward system that can be converted to crypto rather than replacing it. Let's say after I kept my investment for a month I got 30 tokens then 90 after 3 months, 180 token after 6 months...let's say once I reach 100 tokens I can redeem it with 0.0001 btc or the equivalent in other available crypto. Same can be used for referrals, every 5 referrals, you get x token. It can also applies when winning competitions, chatting...
It is just an idea to encourage people and attract them

-snip-

It is hard to tell especially when admins already have funds there so they or other people can close the investment, sell, buy when the price decreased to less than $18k then reinvest again, that can be one of the possibilities since the actual invested amount rised to 210.31151712 BTC! with 151 opened investments by 75 users