Snipie's gambling investment test

[snipie]

The investment amount would be dropped more as the price keep increasing until now. Most of investors have withdrawn their investment on all coins as i can see it from lower max bet and lower current investment.

Yeah almost forgot about max bet but what you said is very accurate, in fact the currently invested amount is 173.70763575 BTC which is 5.4 BTC lower than what used to be 2 days ago!!

[1713531159]

1713531159

[KTChampions]

Updated both tables.
Since the price is high, the number of investors and the amount invested continued its dropping to the lowest number since the beginning of my record months ago!
Otherwise our profits are quite stable overall.

Thanks for the regular update 
It is interesting if a bear market starts, will we see the opposite trend (whether the number of investors and the amount of investments will increase). In fact, this algorithm (withdrawal of investments when the price of the invested asset rises) seems strange to me. It seems to me that when we invest and get a double profit (from the investment and from the increase in the price of the asset) is the best option.

[snipie]

Updated both tables.
Since the price is high, the number of investors and the amount invested continued its dropping to the lowest number since the beginning of my record months ago!
Otherwise our profits are quite stable overall.

Thanks for the regular update 
It is interesting if a bear market starts, will we see the opposite trend (whether the number of investors and the amount of investments will increase). In fact, this algorithm (withdrawal of investments when the price of the invested asset rises) seems strange to me. It seems to me that when we invest and get a double profit (from the investment and from the increase in the price of the asset) is the best option.

Thank you
Right now some people are in hurry to sell their coins for different reasons. Admins might sell some to cover their expenses in site management or for real life things. Other people reached their target ATH and decided it is time to sell.
Right now I see a whale grabbing 2 BTC from the site and the currently invested amount is dropping badly to 129.70583037 BTC, I will update the 2nd table tho!

[snipie]

Updated the table.
Currently the invested amount is stable but the number of investors and investment is dropping steadily..
The profit recovered a little bit after a drop down to 0.0005 BTC, to stabilise in +0.00065 BTC.
The most significant change during this week is obviously the share rate increasing to 0.0099%.

[Mahdirakib]

<snip>

Overall invested amount have decreased significantly since last week. Nearly 48 btc have been taken out from the invested funds. So the raise of your share rate is logical . Now the same amount of profit/loss by gamblers will create more impact in your invested funds than before. I hope you will stay for a long time with your investment without following others.

[snipie]

<snip>

Overall invested amount have decreased significantly since last week. Nearly 48 btc have been taken out from the invested funds. So the raise of your share rate is logical . Now the same amount of profit/loss by gamblers will create more impact in your invested funds than before. I hope you will stay for a long time with your investment without following others.

Yeah. Honestly once I feel that my investment will turn red I will not hesitate to withdraw it. As you mentioned with the rise of the share, the impact of every move in either direction will be more significant and possibly more painful seeing the latest trending.

[FinneysTrueVision]

<snip>

Overall invested amount have decreased significantly since last week. Nearly 48 btc have been taken out from the invested funds. So the raise of your share rate is logical . Now the same amount of profit/loss by gamblers will create more impact in your invested funds than before. I hope you will stay for a long time with your investment without following others.

Yeah. Honestly once I feel that my investment will turn red I will not hesitate to withdraw it. As you mentioned with the rise of the share, the impact of every move in either direction will be more significant and possibly more painful seeing the latest trending.

The wagering volume for BTC is still really low so the impact has not been so severe on our ROI. We are only continuing to see investments slowly losing profit.

[snipie]

Updated both tables.
No big changes as usual. A slightly drop was noted but not that significant in our profits, opened investments and investors number.

[onrise]

In coming update you will see some more drop in your profits as couple of days back, somebody was lucky enough to win a BTC. My ROI is now down to -7.5%. the last competition held in btc resulted a huge drop and now only such big whales who can come back and play might help to change the scenario else will be quite stable around this marks only.

[snipie]

In coming update you will see some more drop in your profits as couple of days back, somebody was lucky enough to win a BTC. My ROI is now down to -7.5%. the last competition held in btc resulted a huge drop and now only such big whales who can come back and play might help to change the scenario else will be quite stable around this marks only.

Yeah indeed. I noticed it 2 days ago and decided to monitor it before updating the table mid-week.. Unfortunately the drop was quite significant and I am on +0.00047511 btc with 3.8% ROI... Things are getting worse lately and I am afraid from the next competition which is supposed to occur soon?

[FinneysTrueVision]

In coming update you will see some more drop in your profits as couple of days back, somebody was lucky enough to win a BTC. My ROI is now down to -7.5%. the last competition held in btc resulted a huge drop and now only such big whales who can come back and play might help to change the scenario else will be quite stable around this marks only.

Yeah indeed. I noticed it 2 days ago and decided to monitor it before updating the table mid-week.. Unfortunately the drop was quite significant and I am on +0.00047511 btc with 3.8% ROI... Things are getting worse lately and I am afraid from the next competition which is supposed to occur soon?

I doubt they would do competitions in BTC back to back. If they do BTC or Doge, which are the coins I'm invested in, I hope it is a 'biggest loser' competition. Some time ago they had a competition and the winners were the players that had the biggest losses.

[snipie]

There is some of gambling sites offer an investment to us, so we need to grab this and make a review of what gambling websites is good to invest and comparing the profit that investors get on every gambling sites they made investment so we can choose who is better to put our money. Youlodice is one of the good invesyment gambling that I can recommended to us.

A review of them is good indeed. Being a part of the house will make investors win or lose along with the site which makes investment = gambling. Some people prefer to lend their money to the site and get commission instead making their investment secure and increase wherever the site is winning. Dunno if this type of investment is used somewhere but after this quite long run, I feel disappointed by the current concept.

[Tytanowy Janusz]

A review of them is good indeed. Being a part of the house will make investors win or lose along with the site which makes investment = gambling. Some people prefer to lend their money to the site and get commission instead making their investment secure and increase wherever the site is winning. Dunno if this type of investment is used somewhere but after this quite long run, I feel disappointed by the current concept.

Isn't it because of bitcoin bull run? I mean that rapid bitcoin movements gives investors enough emotions - gambling is not needed. Low volume affect the final result to be more exposed to extreme cases (like whale gambler). Are there any statistic about volume on yolodice? Did it drop significant?

[snipie]

A review of them is good indeed. Being a part of the house will make investors win or lose along with the site which makes investment = gambling. Some people prefer to lend their money to the site and get commission instead making their investment secure and increase wherever the site is winning. Dunno if this type of investment is used somewhere but after this quite long run, I feel disappointed by the current concept.

Isn't it because of bitcoin bull run? I mean that rapid bitcoin movements gives investors enough emotions - gambling is not needed. Low volume affect the final result to be more exposed to extreme cases (like whale gambler). Are there any statistic about volume on yolodice? Did it drop significant?

My analysis: the big rise of bitcoin price led certain people to close their investment and potentially cash out in fiat, which led to a big drop in the volume, fall in the number of opened investments and investors (see table 2 in the second post of this topic). Obviously, the share of the remaining investors increased, mine +30% approximately. Of course this can be good or bad depending from the gain/losses of gamblers. If we count the catastrophic effect of the BTC contest and a lucky whale, then those 2 events crashed badly our investments, some of us even turned red..

[snipie]

Updated the table.
Obviously the negative downtrend is continuing. A late spike due to someone losing 1 coin made the drop look less intense than what I used to see earlier (BTC0.0004).
Waiting for the upcoming contest to see if it will nullify my profit or save the ~"half year".

[snipie]

Updated both tables.
After 8 months of investing, the ROI is +4.5% (with a maximum of +13.2%). My BTC share passed 0.01% for the first time along with recording the lowest volume (currently invested) and the lowest opened investments + investors since many months. However if we compare the currently invested amount in USD to what used to be then the difference will be even positive.

[snipie]

Weekly update for both tables. There is a tiny increase in the profit and the share while the currently invested amount is dropping steadily.
Considering the amount I started with BTC0.0123/$121.7 and the actual one BTC0.01287396/$600.6 then the total profit is currently $478.9 thanks to the ATH of BTC/$, which makes the ROI in $= ~500% vs 4.6% in BTC.
The real investment is bitcoin

[janggernaut]

Many people have divested their bitcoin & dogecoin from yolodice since price pumping recently. Whales also seems scared to bet big before pump happened, they are prefer to keep/hold or even sell some from their coins because we have reached new ATH for both coins.

Since your investment is mostly growing because of bitcoin price skyrocketed (based on $) , do you think this is the best time to divest and sell your coin, OP?

[peter0425]

Weekly update for both tables. There is a tiny increase in the profit and the share while the currently invested amount is dropping steadily.
Considering the amount I started with BTC0.0123/$121.7 and the actual one BTC0.01287396/$600.6 then the total profit is currently $478.9 thanks to the ATH of BTC/$, which makes the ROI in $= ~500% vs 4.6% in BTC.
The real investment is bitcoin

You started the thread back in June 2020 when the price of Bitcoin is still ranging from 9,000$ - 9,500$ meaning with the Hype that happens your profit runs to almost 500$ ? but if the bull did not go this far then your profit would be around 100$  or a little high?
 well that's too small considering that your investment has been running for more than half a year.
But as long as you are enjoying then Yeah continue the flame mate, and Goodluck .

[snipie]

You started the thread back in June 2020 when the price of Bitcoin is still ranging from 9,000$ - 9,500$ meaning with the Hype that happens your profit runs to almost 500$ ? but if the bull did not go this far then your profit would be around 100$  or a little high?
 well that's too small considering that your investment has been running for more than half a year.
But as long as you are enjoying then Yeah continue the flame mate, and Goodluck .

Thanks, that's why I said that the real investment is bitcoin

Many people have divested their bitcoin & dogecoin from yolodice since price pumping recently. Whales also seems scared to bet big before pump happened, they are prefer to keep/hold or even sell some from their coins because we have reached new ATH for both coins.

Since your investment is mostly growing because of bitcoin price skyrocketed (based on $) , do you think this is the best time to divest and sell your coin, OP?

Yeah true many divested their coins, I assume the house did this too for cash.
For divesting, I prefer to keep running this experience as long as possible until my profit turns red (or almost) or when I could no longer keep it updated. For the price I still believe that bitcoin could skyrocket more and more