Snipie's gambling investment test

[snipie]

Update both tables.
Profit are quite stable from a month around 55k +/- 2k satoshi most of the time. The currently invested amount is dropping continuously reaching 46% of the max amount that I was able to record.

[1715547227]

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[1715547227]

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[1715547227]

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[KTChampions]

Update both tables.
Profit are quite stable from a month around 55k +/- 2k satoshi most of the time. The currently invested amount is dropping continuously reaching 46% of the max amount that I was able to record.

It is quite interesting to observe how with each growth wave the amount of investment continues to decrease. Are investors really trying to lock in profits from rising prices or are they no longer trusting casinos? Illogical behavior in my opinion.

[snipie]

It is quite interesting to observe how with each growth wave the amount of investment continues to decrease. Are investors really trying to lock in profits from rising prices or are they no longer trusting casinos? Illogical behavior in my opinion.

I have no clue for real, only speculation about people cashing out their funds to avoid losses or maybe to convert it to FIAT / other cryptocurrencies. Anyway between yesterday and today there was another drop of 1 BTC and the profit is 42k satoshi currently...

[KTChampions]

It is quite interesting to observe how with each growth wave the amount of investment continues to decrease. Are investors really trying to lock in profits from rising prices or are they no longer trusting casinos? Illogical behavior in my opinion.

I have no clue for real, only speculation about people cashing out their funds to avoid losses or maybe to convert it to FIAT / other cryptocurrencies. Anyway between yesterday and today there was another drop of 1 BTC and the profit is 42k satoshi currently...

It would be logical for me to invest an asset that is growing and exit from an asset that is falling.
But maybe in this case, when bitcoin grows, its growth rate is so much higher than the return on investment that investors cease to consider it significant.
In any case, I see that your share has reached an all-time high - 0.011155%, I hope this will increase your earnings.

[snipie]

In any case, I see that your share has reached an all-time high - 0.011155%, I hope this will increase your earnings.

And it is rising constantly apparently!
I updated both tables again since there is a huge change especially in the invested amount which dropped by 11 BTC in just 2 days. 10 of those BTC were retracted by investors!

[Saint-loup]

In any case, I see that your share has reached an all-time high - 0.011155%, I hope this will increase your earnings.

And it is rising constantly apparently!
I updated both tables again since there is a huge change especially in the invested amount which dropped by 11 BTC in just 2 days. 10 of those BTC were retracted by investors!

It was maybe some people aware of the closing of Yolodice before its official announcement?
Do you think there are some risks to not being able to withdraw your investment without losses?

[janggernaut]

In any case, I see that your share has reached an all-time high - 0.011155%, I hope this will increase your earnings.

And it is rising constantly apparently!
I updated both tables again since there is a huge change especially in the invested amount which dropped by 11 BTC in just 2 days. 10 of those BTC were retracted by investors!

It was maybe some people aware of the closing of Yolodice before its official announcement?
Do you think there are some risks to not being able to withdraw your investment without losses?

Nope, i do believe they don't know too if Yolodice will suspense on March 1. They just simply withdrew their money because bitcoin price has reached new ATH, convert it to fiat or USD.
You can withdraw (divest) your investment anytime you want without delution fee on Yolodice.

[snipie]

In any case, I see that your share has reached an all-time high - 0.011155%, I hope this will increase your earnings.

And it is rising constantly apparently!
I updated both tables again since there is a huge change especially in the invested amount which dropped by 11 BTC in just 2 days. 10 of those BTC were retracted by investors!

It was maybe some people aware of the closing of Yolodice before its official announcement?
Do you think there are some risks to not being able to withdraw your investment without losses?

Nope, i do believe they don't know too if Yolodice will suspense on March 1. They just simply withdrew their money because bitcoin price has reached new ATH, convert it to fiat or USD.
You can withdraw (divest) your investment anytime you want without delution fee on Yolodice.

Yeah I doubt ordinary people are aware of this move. Dunno if admins moved some funds but I believe most investors retracted it as janggernaut said, to convert it to FIAT.
I will try to update the table daily until February 28, 2021 or when I decide to close.
Edit: update both tables.

[Saint-loup]

In any case, I see that your share has reached an all-time high - 0.011155%, I hope this will increase your earnings.

And it is rising constantly apparently!
I updated both tables again since there is a huge change especially in the invested amount which dropped by 11 BTC in just 2 days. 10 of those BTC were retracted by investors!

It was maybe some people aware of the closing of Yolodice before its official announcement?
Do you think there are some risks to not being able to withdraw your investment without losses?

Nope, i do believe they don't know too if Yolodice will suspense on March 1. They just simply withdrew their money because bitcoin price has reached new ATH, convert it to fiat or USD.
You can withdraw (divest) your investment anytime you want without delution fee on Yolodice.

Yeah I doubt ordinary people are aware of this move. Dunno if admins moved some funds but I believe most investors retracted it as janggernaut said, to convert it to FIAT.
I will try to update the table daily until February 28, 2021 or when I decide to close.
Edit: update both tables.

Well done! You seem to still be able to exit your funds without being at loss and even being positive  
Then I don't understand why some members like arisatox are complaining on the Yolodice thread about losing large amounts of money  

i really wish this wasnt true. i stuck in the site because i hoped that my investments would at least go back to what they were. instead, it is shutting down and i am minus on all 3 investments

-0.214 btc
-1.476 ltc
-98,889 doge

this is the worst investment i have ever made and now that it is disappearing it is just a loss

meanwhile the site has made for the owners

+430.917 btc
+6,946 ltc
+109,684,179 doge
+4,305 eth

so they have made tons of commission while a lot of us lost a lot of our investments. if we were still on the old method of profit sharing i think we would actually be ahead instead of so negative. our investments pretty much just went into the hands of the site owners

at todays prices the site has made the owners $41 million just since going to the new model if we include eth totals in there

[snipie]

-snip-

Yeah I saw it and I am not sure about his BTC amount, I think he missed a zero or two.
It depends when he joined the race, if you check the first table, people who joined after week 16 are most likely to be in loss. Worst, those who joined after week 20 are in bigger losses. For example, in week 28, I personally lost less than half my earnings in just 2 days.. If he invested a bigger amount then he might suffered a bigger loss.
I stayed positive thanks to week 12-16 gains when Mr X lost a huge number of BTC while gambling, otherwise I would definitely be red.
Right now I admit it is risky to stay and I might regret not withdrawing earlier. I want to see how things will be in the next coming days. I might ofc close it if I panic at any moment

[KTChampions]

Then I don't understand why some members like arisatox are complaining on the Yolodice thread about losing large amounts of money  

i really wish this wasnt true. i stuck in the site because i hoped that my investments would at least go back to what they were. instead, it is shutting down and i am minus on all 3 investments

-0.214 btc
-1.476 ltc
-98,889 doge
~

I think the reasons for his indignation are obvious. We all know that the casino always wins at a distance. the more the bets, the more the casino will win, this is a strict mathematics that cannot be somehow bypassed. And after a person plays on the side of the casino and receives losses on all investments, what other emotions can he experience.
In general, all this makes me very suspicious of the honesty of these investment projects.

[janggernaut]

Well done! You seem to still be able to exit your funds without being at loss and even being positive  
Then I don't understand why some members like arisatox are complaining on the Yolodice thread about losing large amounts of money  

If you ever made an investment on any gambling site, you should know the answer. The reason only because he is unlucky because when he invested his money, whale won a lot and then it affected his investment goes negative and also site decided to close while his investment still hasn't recovered. That's one of risk to invest our money on a gambling site and he never ready for it. He has thought like this " gambling site will always win, so if i invest my money, i will surely ended up profit"

[Saint-loup]

Yeah I saw it and I am not sure about his BTC amount, I think he missed a zero or two.
-snip

Unfortunately he doesn't seem to have miss one zero, he just confirmed a loss of 17k $  

In general, all this makes me very suspicious of the honesty of these investment projects.

Investing in the crypto gambling site is too risky because we never know how high the coins will increase.

You seem to be right, it may be the reason why some big casinos like Stake are not offering these kind of investments... Maybe they think it's too risky for the investors and they don't want to be seen as bad actors.  

[KTChampions]

In general, all this makes me very suspicious of the honesty of these investment projects.

Investing in the crypto gambling site is too risky because we never know how high the coins will increase.

You seem to be right, it may be the reason why some big casinos like Stake are not offering these kind of investments... Maybe they think it's too risky for the investors and they don't want to be seen as bad actors.  

If the investment is received honestly, then it makes no difference how much the coin grows. 1 bitcoin is always one bitcoin. But if the owners of the project are not honest, then this really starts to matter - greed will not allow them to return the coins that have risen in price.
And as I see, project owners have different strategies for "squeezing" investments - firstly, how to check the whale was lucky or the casino owner himself "won" from the investors?
Secondly, read how snipie lost a significant share of his profits (this can be seen on about 19 page).

[ethereumhunter]

Investing in the crypto gambling site is too risky because we never know how high the coins will increase.

You seem to be right, it may be the reason why some big casinos like Stake are not offering these kind of investments... Maybe they think it's too risky for the investors and they don't want to be seen as bad actors.  

We do not know what is their reason closing their site. If they become too busy and they think that they can not handle their site and have a new business in their real life or online life, it is normal if they close the site. But yes, the risk for their investors will be something that they will think because without the investors, they are nothing.

In general, all this makes me very suspicious of the honesty of these investment projects.

Investing in the crypto gambling site is too risky because we never know how high the coins will increase.

You seem to be right, it may be the reason why some big casinos like Stake are not offering these kind of investments... Maybe they think it's too risky for the investors and they don't want to be seen as bad actors.  

If the investment is received honestly, then it makes no difference how much the coin grows. 1 bitcoin is always one bitcoin. But if the owners of the project are not honest, then this really starts to matter - greed will not allow them to return the coins that have risen in price.
And as I see, project owners have different strategies for "squeezing" investments - firstly, how to check the whale was lucky or the casino owner himself "won" from the investors?
Secondly, read how snipie lost a significant share of his profits (this can be seen on about 19 page).

We do not know how to check who will be lucky, but the casino really makes money from the gamblers. We already see that the crypto gambling site's investment has a risk that every gambler must know, so we do not have to depend on the investment because we have other ways to earn money. I am sure that it is a tough decision that the Stake's team because they already in the crypto gambling business for a long time ago.

[peter0425]

In any case, I see that your share has reached an all-time high - 0.011155%, I hope this will increase your earnings.

And it is rising constantly apparently!
I updated both tables again since there is a huge change especially in the invested amount which dropped by 11 BTC in just 2 days. 10 of those BTC were retracted by investors!

It was maybe some people aware of the closing of Yolodice before its official announcement?
Do you think there are some risks to not being able to withdraw your investment without losses?

Nope, i do believe they don't know too if Yolodice will suspense on March 1. They just simply withdrew their money because bitcoin price has reached new ATH, convert it to fiat or USD.
You can withdraw (divest) your investment anytime you want without delution fee on Yolodice.

Yeah I doubt ordinary people are aware of this move. Dunno if admins moved some funds but I believe most investors retracted it as janggernaut said, to convert it to FIAT.
I will try to update the table daily until February 28, 2021 or when I decide to close.
Edit: update both tables.

You only have short time to take out your investment mate hope you'll make it in time , as the decision of Ethan and Scott seems to be fixed and won't be changed .

[snipie]

You only have short time to take out your investment mate hope you'll make it in time , as the decision of Ethan and Scott seems to be fixed and won't be changed .

Yeah not much time left + bankroll getting smaller everyday so higher share + some whales are trying their last shots, today a guy won +1.5 BTC for example SO I decided to close my investment.
Thanks everyone for following this topic for months, we have, as investors, very good moments and sad ones.
My conclusions after this mid term experience are : investing doesn't equal winning all the time, do not invest more than what you afford to lose and you have to study a bit the service to minimise the risk.
I will try to monitor and update the second table to see the shrinkage of the bankroll. Good luck everyone

Edit: adding the last photos

[uneng]

Congratulations on your test and thanks for sharing it with the public. Some time ago I thought about investing at YoloDice, but I saw they *ate* 2% of the initial investment at the beginning, so I realized it could be a wrong move while bitcoin was moving up so fast. Sadly YoloDice is going to close and I don't see another bankroll casino investment option besides Bitvest, but it would be interesting to see this kind of public investment still going on this year in another casino.

[KTChampions]

Yeah not much time left + bankroll getting smaller everyday so higher share + some whales are trying their last shots, today a guy won +1.5 BTC for example SO I decided to close my investment. [1]
Thanks everyone for following this topic for months, we have, as investors, very good moments and sad ones.
My conclusions after this mid term experience are : investing doesn't equal winning all the time, do not invest more than what you afford to lose and you have to study a bit the service to minimise the risk.
I will try to monitor and update the second table to see the shrinkage of the bankroll. Good luck everyone [2]

Edit: adding the last photos
https://i.imgur.com/PuTBeST.jpg
https://i.imgur.com/dY1BMFs.jpg

1.) How does it work in general lol? I do not remember the news that some whale lost that kind of money. I am becoming more and more suspicious ...

2.) Thank you very much for this thread, I followed it with interest and I can say that it is very valuable for everyone who is interested in this topic because it gives real information with all the hidden problems and surprises.

[tabas]

-snip-

Thank you for sharing your investments too snipie. That's experience of yours is helpful for those who wants to invest into a casino bankroll.
Your experience will give them an idea how it looks like to invest on them without expecting them a lot and it won't surprise them, in negative and positive way.