Snipie's gambling investment test

[KTChampions]

-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

Wow 
Judging by this post, someone added 13 bitcoins to the investment. I wish I knew it was done by one person or several different ones. Maybe investors are inspired by the growth of bitcoin and continue to invest in it, and in order to get additional profit, they also invest bitcoins itself.

[snipie]

Updated the table.
BTC now is almost touching ATH, above $19k

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

25/11/2020

||   211.88160280

||           153

||              74

[Tytanowy Janusz]

I closed my doge investment yesterday before BTC dump. I made like +6% in DOGE in 6 months while doge dropped 25% (so - 19% in total - considering BTC investment). Casino performance was way worse than i calcuated based by old investors return. This confirms the basic principle of investors - historical performance are not a guarantee of future returns.

Why i did it now, at the bottom of the doge and the bottom of investors stats chart? I do belive that BTC pump is a the time when many cards are revealed. Its the moment when exit scams are the most profitable. The moment in which the fractional reserve system is crashing (f.e. if yolodice was hacked before and they didn't announce it and keep working). This extra risk, together with weak casino volume last weeks (low returns)
prompted me to close the investment.

[KTChampions]

Tytanowy Janusz

Rational decision. You have limited your losses and saved the bulk of your investment. The entire crypto market has turned into a casino now, so the demand for a casino will be low among crypto users  I think that it will be necessary to return to investments of this kind when the market calms down (it does not matter on the lows or on the highs) and is more or less predictable.

[Tytanowy Janusz]

The entire crypto market has turned into a casino now, so the demand for a casino will be low among crypto users   I think that it will be necessary to return to investments of this kind when the market calms down (it does not matter on the lows or on the highs) and is more or less predictable.

Yep. It looks like this was the case. When I was calculating old investors return for doge it was like 200-300% APY. My estimated APY based on 6 month investment is 12%. This is huge gap and i thing you made a good point that is was caused by different market condition (8-12k consolidation vs 10-19k rally). The market provides gamblers with a sufficient dose of adrenaline. There is currently like 5 mln DOGE wagered daily (on average) - 16k$ - 160$ profit for website (considering 1% house edge), 80$ daily for all investors to share.

I trust yolodice, they have never let me down, but with such low daily profit and such high bankroll size ($250k for doge only) exit scam is very tempting. I decided not to take this risk.

[slaman29]

Curious to read and find out more about investments over the past 4 weeks in various places, especially with the price just going up a lot and then now suddenly crashing over 20%. I have one investment elsewhere and would like to see how other places are performing during this period. My instinct says wagers should go down but I'm not exactly seeing a solid pattern here.

Yep. It looks like this was the case. When I was calculating old investors return for doge it was like 200-300% APY. My estimated APY based on 6 month investment is 12%. This is huge gap and i thing you made a good point that is was caused by different market condition (8-12k consolidation vs 10-19k rally). The market provides gamblers with a sufficient dose of adrenaline. There is currently like 5 mln DOGE wagered daily (on average) - 16k$ - 160$ profit for website (considering 1% house edge), 80$ daily for all investors to share.

It seems to have a bad effect on doge, so do you think this is because doge/btc value is lowering or is this just a issue of again markets heating up so people gambling less? I have seen the same at my other site (good doge returns but now slowing down).

[snipie]

Updated the table.

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

25/11/2020

||   211.88160280

||           153

||              74

03/12/2020

||   210.20271450

||           157

||              77

[snipie]

Updated the table.
-BTC1.5, won by a whale?, drove the profit down this week.

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

25/11/2020

||   211.88160280

||           153

||              74

03/12/2020

||   210.20271450

||           157

||              77

10/12/2020

||   208.83467324

||           160

||              76

[FinneysTrueVision]

The past few weeks have not been so great for investors. With there being a competition for the next few days, Bitcoin investments will be paused for this period. I am losing faith in being able to get good returns by investing with this casino. As much as I like YOLOdice, 10% profit in a little over six months does not seem worth the risk of having someone run off with your money.

[janggernaut]

The past few weeks have not been so great for investors. With there being a competition for the next few days, Bitcoin investments will be paused for this period. I am losing faith in being able to get good returns by investing with this casino. As much as I like YOLOdice, 10% profit in a little over six months does not seem worth the risk of having someone run off with your money.

Actually few months (my investment also still on negative right now). Currently Yolodice has running bitcoin competition with 0.5 btc prize for 30 lucky user who earned biggest profit in 7 days.
I can say if you have made 10% profit on 6 months, it's still a good return. You can compare it with interest in bank or another investment which offer you lower % interest than 10%.

About your last word, i disagree with that, there are lot of people who invested sum of huge amount on Yolodice, because for them yolodice is one of trusted gambling site (they have been already over 4 years now in gambling industry)

[Fredomago]

Updated the table.
-BTC1.5, won by a whale?, drove the profit down this week.

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

25/11/2020

||   211.88160280

||           153

||              74

03/12/2020

||   210.20271450

||           157

||              77

10/12/2020

||   208.83467324

||           160

||              76

It's Good to see that You are still active and Updating your thread even the pandemic change lots of things.

While your Mentor  @yatsan in which your inspiration doing this challenge investments seems to be out of the system for a while

https://bitcointalk.org/index.php?topic=5239794.0


Because His thread is not having an update up to now.

Goodluck more and hope profiting till you stop this in future.

[snipie]

@Fredomago, I will try my best to keep it updated, although I am thinking to close it much often than weeks ago. I don't see much interactions and people interesting about it, at the opposite, our earnings aren't doing well lately and this competition will freeze our investment for 7 days... So the same thing will be repeated 1 week every 3-4 weeks? This is not good for us...

[Saint-loup]

Sorry for this layman question but your ROI is computed in $ or in BTC? Because I don't understand how it can decrease while you are earning more BTC 
TYVM for sharing your detailed experience with us.

[Mahdirakib]

Sorry for this layman question but your ROI is computed in $ or in BTC? Because I don't understand how it can decrease while you are earning more BTC   ~

His ROI computed in btc. Probably you making mistake to realize the summary. His initial investment was 0.0123BTC. End btc column shows that how much balance he have after each week(including profit/loss with initial investment). And it goes up and down as gambler makes loss/profit. BTC added column isn't progressive. It is the difference between his initial investment and his end balance after each week. In week 26 his overall profit was 0.00134202BTC without initial investment. In week 27 his overall profit slightly decreased at 0.00123004BTC. As a result the ROI have been decreased.

[peter0425]

although I am thinking to close it much often than weeks ago. I don't see much interactions and people interesting about it, at the opposite, our earnings aren't doing well lately and this competition will freeze our investment for 7 days... So the same thing will be repeated 1 week every 3-4 weeks? This is not good for us...

that is same sentiments what is people talking in @Yatsan thread in which there is no gaining all in all and there are also someone discouraging investors to try this a you both made an example about what is the most will happen.

So maybe try to consider closing and since there is a possibilities of having Bull better use the amount to invest in other coins in which the chance of gaining is much higher than this.

But nice try,you did your best Budz.

[snipie]

Sorry for this layman question but your ROI is computed in $ or in BTC? Because I don't understand how it can decrease while you are earning more BTC 
TYVM for sharing your detailed experience with us.

Yes as Mahdirakib said. I put in the table my initial investment then "plus" or "minus" a number which is what I "earned" or "lost" according to my initial balance, of course in bitcoin and in $. Obviously the dollar number might increase although the BTC's one falling, since the price of BTC/USD is high now. You can find too in "End BTC" the total I gained in BTC which you can convert in $ to compare it with the initial fund.
So today I have a total of 0.01353796 BTC = $243.2 comparing to $121.7 at that time when I opened my investment. My ROI in bitcoin is 10% but in USD is 100% thanks to the huge jump of BTC/USD pair.

[BTCGOLD]

By the way, I think that gambling is not an investment, but just real gambling. When investing, it is usually the intention that you get money back with some degree of certainty.
That is not always the case with gambling.

[mardaed]

I was really moved, and I really want to start investing now. I think that this has a good ROI, anyone who could enlighten as to what is the amount of investment ideal for making casino investment?

[snipie]

I was really moved, and I really want to start investing now. I think that this has a good ROI, anyone who could enlighten as to what is the amount of investment ideal for making casino investment?

The amount you could afford to lose above the minimum required to start investment for each coin and each service. That's the only answer that I am convinced with after months of investing.

By the way, I think that gambling is not an investment, but just real gambling. When investing, it is usually the intention that you get money back with some degree of certainty.
That is not always the case with gambling.

Yeah indeed it is gambling more than investing. There is no guarantee that you will get profits in short or even long term. It is actually passively playing against other players and hope they will keep losing all the time.

[coupable]

The past few weeks have not been so great for investors. With there being a competition for the next few days, Bitcoin investments will be paused for this period. I am losing faith in being able to get good returns by investing with this casino. As much as I like YOLOdice, 10% profit in a little over six months does not seem worth the risk of having someone run off with your money.

I don't also agree with your last note.
First, 10% profit over six months isn't that bad considering that you don't have to spend any effort, it's just like storing our money in a bank account which makes you also get a portion from general profit.
Second, Yolodice is most known gambling platform which let users to invest within the platform and get a share from house profit. I know about their investment program since many years and didn't ever see a complaint about it. No one will run off with your money.