Bitcoin Casino Investments #1 Week 0 of 52
Background Information
Over the last year I ran a Bitcoin Casino Investment experiment where I invested 5 Bitcoins (originally at a cost of $3,000) in different casinos bankrolls and ended up making around 50% returns on a Bitcoin basis. At the end of the experiment my 5 Bitcoins had grown to about 7.5 Bitcoins and on a fiat level had gone from $3,000 to $24,200.
If you want to see all the details (which casinos I invested in) for every month you can in the links below:
- Bitcoin Gambling Investments Start 5 BTC @ $3,000
- Bitcoin Gambling Investments First Month 5.32883 BTC @ $3,203
- Bitcoin Gambling Investments Second Month 5.84366 BTC @ $3,530
- Bitcoin Gambling Investments Third Month 5.83987 BTC @ $4,123
- Bitcoin Gambling Investments Fourth Month 5.78052 BTC @ $4,275
- Bitcoin Gambling Investments Fifth Month 6.18321 BTC @ $5,907
- Bitcoin Gambling Investments Sixth Month 6.44548 BTC @ $5,936
- Bitcoin Gambling Investments Seventh Month 6.76204 BTC @ $8,689
- Bitcoin Gambling Investments Eighth Month 7.01357 BTC @ $7,561
- Bitcoin Gambling Investments Ninth Month 7.14640 BTC @ $9,433
- Bitcoin Gambling Investments Tenth Month 7.40041 BTC @ $18,693
- Bitcoin Gambling Investments Eleventh Month 7.41575 BTC @ $18,910
- Bitcoin Gambling Investments Twelfth Month 7.48098 BTC @ $24,200
What is Bitcoin Casino Investing?
I have written about this many times before but the article below is probably the best introduction to investing in bankrolls of Bitcoin Casinos:
Understanding Bitcoin Casino Investing
What are the Bitcoin Casino Investments this time?
This time I will be investing in Bitcoin Casino Bankrolls and ICO’s. As of the 1st of September 2017 I have invested the following amount in the locations below:
- YoloDice 10BTC
- CryptoGames 10BTC
- BetKing 10BTC
- BitDice 10BTC
- SafeDice 3BTC
Proof of investments (please note SafeDice is currently under a DDOS attack and I have not been able to take a screenshot of my wallet):
YoloDice
Crypto-Games
BetKing
BitDice
Like the last project I will run this one for another year and report on the returns weekly and monthly. If new casinos appear I may invest in them and if some close down I will have to move the money from them.
The ICO’s won’t have a change in value unless they get listed on an exchange or there is some tradeable market. All potential ICO dividends will be reinvested, if possible.
Prediction for the investments.
Having made a 50% return on a Bitcoin basis last year I think it is a realistic return to expect this year. So I think my 43 Bitcoins will be worth 64.5 Bitcoins this time next year, unless one of the sites does something terrible like run away with everyone’s money! Time will tell!
With regards to the USD value of my Bitcoins I have no idea where the price will be but for the fun of this experiment I will hazard a guess. I am going to assume the price will be 25% higher in one years time.
So the price today I recorded as of Sep 1st was $4,741 and taking a 25% appreciation into account the price would be at $5,926.
Overall then I would have 64.5 Bitcoins in one years time and at a price of $5,926 would put my balance at $382,227. As off Sep 1st the 43 Bitcoins are worth $203,863 so my prediction means I woud make $178,364. That is a lot of money! So let’s see what happens!
what you think about dice? i checked https://yobit.net/en/ its like poloniex but smaller and they have dice in their site and its super popular. I mean what about same idea to any crypro add dice , so people can gamble more :)
Smart idea but I don't think it's open to investors right?
yes, its just go to pocket of a site, i mean others can add too this feature and earn money :)
Yeah they could. Cryptogames has an exchange that they must make a good profit on.
@btcmillionaire,
You made me crazy again! Seriously 10 BTC in 1 project :O OMG, I am following your tips and will try things as you said! Really glad to say I found you here! Thank you very much for sharing such wonderful figures with us! Hope you can earn more and more!
Cheers~
Thanks - best of luck to you too!
What do you think of etheroll?:)
Never seen it before. Will likely do a review on www.bitcoingamblingreviews.com now that you mention it :)
Great! It seems to me there is lower counterparty risk:)
waw, thats alot of money, i would be scared indeed that they run away with it... pffew
It is always a MAJOR concern given the past history of some sites.
That's too much money in one pic looks great :D
Haha I think this is the case for many crypto holders this year!
interesting
Glad you think so!
thanks for your vote dude ! I appreciate it! I really do
I will remember to up vote you when I power up. thanks again
Please don't upvote me because I upvoted you! Upvote good content you find valuable/useful. Will help us both out a lot more that way as Steem will become a more useful crypto and we should see a good price appreciation in Steem.
To anyone reading this I realize I have been a bit of a hypocrite as I have also upvoted my own comments in the past... Won't be doing it anymore (except my blog posts).
It is funny how life changes our decisions. 5 months later:
you are so wright! thats how steemit can become greater and greater . steemit need people like you.
People dont realy understand how steemit works. They are all looking for profit.
I feel poor :P Thats all i can say about this one.
If only I could be you. Thanks for sharing your information. Keep it up!
you have a Great sense and a great Investor
No wonder You are a BTCMillionaire
Best of luck for the next Year
The casino played a song of its own—slot machines dinging, chips clacking as the dealer passed them out to the players at the tables, and the chatter of people throwing down money with the hope of hitting it big. It was like a carnival for adults. A person could get lost for days in a place like this.