Week 10 update of returns from investing in Bitcoin Casinos. Another drop in my holdings. This is due to my investment in BetKing and BitDice. Although up from last week the BitDice token trading price is still low on the HitBTC Exchange.
A summary of the returns to date is below:
Previous Updates-------------------------------------------------
Bitcoin Casino Investment Start | 43 BTC's
Bitcoin Casino Investment Week 1 | 42.788 BTC's
Bitcoin Casino Investment Week 2 | 43.399 BTC's
Bitcoin Casino Investment Week 3 | 47.919 BTC's
Bitcoin Casino Investment Week 4 | 48.161 BTC's
Bitcoin Casino Investment Week 5 | 46.054 BTC's
Bitcoin Casino Investment Week 6 | 42.516 BTC's
Bitcoin Casino Investment Week 7 | 40.625 BTC's
Bitcoin Casino Investment Week 8 | 44.653 BTC's
Bitcoin Casino Investment Week 9 | 39.209 BTC's
I use to gamble online and I know I will most likely do it again @cleverbot. This post is showing me something I didn't know... Do some of these casino's have it's own cryptocurrency available on the exchanges? Rather, how do you invest in Bitcoin Casino's?
So you can invest on the sites themselves in Bitcoin and BitDice and BetKing you need to buy their tokens.
There are several that have their own token. Bitdice, Snakeyes, BetKing, Moneypot, Edgeless, Etheroll, Monster Byte, Vslice, Peerplay, Dao Casino, and IDice that I'm aware. Peerplay is not running yet, I think. IDice may be a scam. Bitdice and Moneypot have not paid out yet but are running as they are more of a conversion. Monsterbyte is paying and owns peerbet if your familiar. Peerbet has a bankroll option so you are not buying into the bankroll but the other side of the profits. In other words you can bankroll the gambling site and also own the token for the remaining profit side. I believe there are a couple new platforms coming about but I haven't looked at them yet. Hard to keep up with them all.
Are your Betking calculations from taking part in selling part of the tokens? I didn't like the token structure so didn't buy into it, I am curious though.
Hopefully your not really down 4 BTC.
Wait! 40 BTC! Your playing for real.
I have a hunch Bitdice will be a 5x-10x if they can match the payouts from 2016. Price seems very low relative to the other gambling cryptos. My fingers are crossed on this one.
Yeah I am taking the BetKing price at what Dean will be buying them back at every quarter. No chance I would dump them on an exchange at the price they are there. I am very bullish both sites asthey have made over 40BTC (BitDice and BetKing) together since the ICO.
Hey man, I see you've finished 12/12 Months on your website. I'm wondering if you're going to keep up with the project? Since it was an experiment, but a succesful one :) I'm hoping to see you keep posting more about bitcoin casino bankroll investments. Also, I have a question for you, I've seen you've commented you're using the max. leverage, which is x10 at Yolodice, that means if the bankroll gets 10% smaller, you lose everything you invested! Isn't that a too high risk?
No I am still going for a lot longer still.
Awesome ! Just tell me about the Yolodice edge, don't you think that's too risky? To go for x10, as you lose everything if the bankrol gets 10% smaller.
Hey ,
Thanks for sharing
great post like it and upvoted