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Author Topic: Are people still interested in bankroll investment ?  (Read 317 times)
uneng
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February 03, 2024, 01:53:33 AM
 #41

The question is in the subject  Kiss I’m genuinely just curious if people are still interested in this because I believe it’s a good way to “HODL” your bitcoin.

Since when has the bankroll investment become a good way to HODL bitcoin?

I think only a few now are interested in bankroll investment since when that was quite popular before, it did not become a big thing as a whole. We can assume that it's not profitable even in the long run even if the house always wins. Most gambling sites nowadays are well capable of running the site operation without offering a bankroll investment,

Not unless the new gambling site offers a bankroll investment, the hype might be built, and maybe others will try to test the waters.
It was very profitable years ago when Crypto Games and Yolodice offered this feature on their platforms. There was an investor who made 50% BTC profit in a year time period by investing at Crypto Games' bankroll many years ago. It was a specific lucky year for investors and the casino, but even though the next years weren't so profitable like that, they were still consistent for investors.

However, after those two casinos ceased the feature, bankroll investment kind of disappeared, although there are other casinos offering it. The point is that they don't have enough traffic and don't make enough income to make it a profitable investment for investors, so people don't talk about it anymore too often.

For those who are still interested in a similar concept of investment, they can try freebitco.in. They don't offer the classical bankroll investment feature, but they pay daily interest over your BTC balance (4,08% APY) and run a casino on the website, so you are funding their casino anyway, just like you would do at other casino bankroll investments. There are always risks involved, but the platform has conquered reputation along of more than 10 years operating in crypto market already.

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February 03, 2024, 04:27:17 AM
 #42

Everyone and every community has a different level of interest in bankroll investment, which is when people put their gaming money into investments. There are still people who might be interested in it as a way to possibly grow their Bitcoin holdings while gambling. Because of the risks involved, it's important to be very careful when making these kinds of purchases. When choosing to invest in a bankroll, you should carefully think about things like how volatile cryptocurrencies are and how unpredictable the results of gambling are. Do a lot of study before making any investment, and only put in money that you can afford to lose.
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February 03, 2024, 02:49:07 PM
 #43

For those who are still interested in a similar concept of investment, they can try freebitco.in. They don't offer the classical bankroll investment feature, but they pay daily interest over your BTC balance (4,08% APY) and run a casino on the website, so you are funding their casino anyway, just like you would do at other casino bankroll investments. There are always risks involved, but the platform has conquered reputation along of more than 10 years operating in crypto market already.
Yes, freebitco.in still offers investment features for bitcoin owned by gamblers and investors. They can check it on the site and send some bitcoins to earn daily interest on their bitcoin balance. It is an investment that is still ongoing today so that investors can try it. Yes, we know how the site's reputation has been, so this site is included in the recommended sites for gambling. Besides investing in bitcoin, freebitco.in also offers investment in FUN tokens so that there are additional benefits that they can get apart from investing in bitcoin.
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February 03, 2024, 03:07:09 PM
 #44

The question is in the subject  Kiss I’m genuinely just curious if people are still interested in this because I believe it’s a good way to “HODL” your bitcoin.

Some casinos offer bankroll investment but not because you're investing in a casino you're investment is safe, there are risks associated with it, and one of these is the trustworthiness and transparency of the casino you're investing in.
So you should be guided and fully understand if you're investing in casinos on their bankroll

One of the casinos that offer bankroll investing is Bitvest and they fully explain how their bankroll investment, they did mention that they are transparent its up to you to take the words of the casino you're going to invest your money.

Quote
Why should I trust Bitvest?
Transparency We are fully transparent with our proof of liabilities and reserves to show all investments and deposits are held by us and accounted for.

Quote
Yes! Like any investment, there exists a chance of loss. At Bitvest, you will generally earn a profit, however, if players are luckier than expected, you may have a loss. The longer you stay invested, the greater chance you have of profiting.

https://bitvest.io/investing



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February 03, 2024, 03:14:47 PM
 #45

Why people are talking about bankroll investment?

OP is indeed that talking about pooling up funds to be acting as a bankroll for him to make use on, it isnt really that something that you would be talking about investing
into the house itself. Two things are totally different on which i dont know on why people been trying to discuss about two different things?

Just like on what most people been saying here that this one would really be having mainly that trust issues. No one would really be that confident on sending out
their funds into someone on just trying out to believe that the one whom they send those funds into does have that good winning chance
on which there's no fun with that if you are really that playing gambling just that for fun.

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February 03, 2024, 03:16:52 PM
 #46

The question is in the subject  Kiss I’m genuinely just curious if people are still interested in this because I believe it’s a good way to “HODL” your bitcoin.

Some casinos offer bankroll investment but not because you're investing in a casino you're investment is safe, there are risks associated with it, and one of these is the trustworthiness and transparency of the casino you're investing in.
So you should be guided and fully understand if you're investing in casinos on their bankroll

One of the casinos that offer bankroll investing is Bitvest and they fully explain how their bankroll investment, they did mention that they are transparent its up to you to take the words of the casino you're going to invest your money.


This is an old model of bankroll investment since most of the casino especially on DeFi was they are already using Staking feature using their own utility token. It’s not directly called as bankroll investment but all the casino token investments money are going to the casino funds for their bankroll and other expenses while they are rewarding token holders through profit sharing by buy backs and other form to boost the token price aside from staking.

The Bitvest model is old and risky since you are storing your money on their centralized wallet while you can hold your casino utility token on your decentralized wallet and wait for the casino to distribute profit through buy back then you can sell your token on exchange.

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February 03, 2024, 03:24:30 PM
 #47

This actually deserved to be asked, because from my side, I think it's been a very long time since Ive heard or read someone talking about investing in a casinos bankroll for profit sharing and so on, and personally, I think this used to be one the best ways to make guaranteed money from casinos, because if one invests in their bank roll, as long as that casino is in profit, the gambler will also be in profit.
Thank you. You helped me understood the question better. Didn't know that casinos had something like this. Would have loved to know the casinos that did this in the past and what would have caused them to stopped it. Were they not in profit? On the side of the gamblers who do this, do they see gambling as a business? Because only those who see it as a business would give up the fun that gambling offers and decide to do bankroll management.

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February 04, 2024, 01:56:46 PM
 #48

Why people are talking about bankroll investment?

OP is indeed that talking about pooling up funds to be acting as a bankroll for him to make use on, it isnt really that something that you would be talking about investing
into the house itself. Two things are totally different on which i dont know on why people been trying to discuss about two different things?

Just like on what most people been saying here that this one would really be having mainly that trust issues. No one would really be that confident on sending out
their funds into someone on just trying out to believe that the one whom they send those funds into does have that good winning chance
on which there's no fun with that if you are really that playing gambling just that for fun.
Maybe because they think this is one of the right ways to invest because when they save crypto assets, especially Bitcoin, in casino bankroll, when Bitcoin experiences an increase in price, the amount stored in the bankroll will also increase in value.
And maybe they are looking for additional capital to gamble for free by investing or saving assets in bankroll.
We will never know what the real reason will be because everyone mindset will be different.

But here why OP says to keep the funds for his use?
Obviously the OP was just asking if anyone still uses or is interested in investing in bankroll, he also mentioned HOLD and that means the goal is to save, invest to make some profit.
I actually don't really understand what you mean.

Is it like giving money to someone with the aim of investing but that someone uses the money given to them to gamble?
I don't understand, but what is clear is that doing this is very risky and if really want to gamble then just gamble privately without involving other people and if the aim is to invest then just send and store all assets in private wallet which will clearly guarante security.

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..PLAY NOW..
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