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RE: Satoshi Dice - A Low Risk Investment Opportunity

in #investing8 years ago

A ROI of 12% is a bit low in my opinion
Do you watch the Dragon's Den? I don't think any of the dragon there would invest in it given the chance even though it's been running for 4+ years and is doing good for the last 2 years .. or maybe I'm wrong
I don't know but it's very risky to invest if ..

No 2FA method to my knowledge
No withdraw protection, if a hacker gets hold of your password he can steal your money
Sometimes slow support team
Owners haven't come out publicly (probably anonymous)
No insurance

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Well anything bigger than 12% APR is probably a ponzi scheme. The 2FA is not really a problem, I have never used it, and so far I haven't got hacked. Just keep the passwords offline and safe and it's no problem in my opinion.

I dont think so :D

In the context of 1 investment site. Sure you might make more on your own, but when giving your money to a 3rd party, then the too big profits are questionable and raise some doubts.

Yes I am joking. there are plenty of risky investments as P2P lending where you can get 10+% but its still risky.

I'm a noon, but when you say keep your password offline what do you mean by that ?

I mean that you don't keep your password in a password.txt file on your Desktop. That would be very risky and foolish.

It is best if passwords are kept offline, on a piece of paper, stored in your home safe box, or hidden somewhere. It is also important to have multiple copies hidden in case 1 of it gets lost.