Bitcoin Casino Investments #21 Week 20 of 52
Week 20 update of returns from investing in Bitcoin Casinos. More or less the same results as last week. Due to the drop in Bitcoin price my Betking tokens have risen in value this week, making it the only change from the previous. The token price for BitDice has remained the same on the HitBTC Exchange.
A summary of the returns to date is below shown as a percentage:
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
Bitcoin Casino Investment Week 10 | 40.022 BTC's
Bitcoin Casino Investment Week 11 | 40.633 BTC's
Bitcoin Casino Investment Week 12 | 39.001 BTC's
Bitcoin Casino Investment Week 13 | 36.750 BTC's
Bitcoin Casino Investment Week 14 | 21.546 BTC's
Bitcoin Casino Investment Week 15 | 19.417 BTC's
Bitcoin Casino Investment Week 16 | 21.168 BTC's
Bitcoin Casino Investment Week 17 | 16.737 BTC's
Bitcoin Casino Investment Week 18 | 13.309 BTC's
Bitcoin Casino Investment Week 19 | 12.669 BTC's
Do you probably have any idea of the BetKing profit? Originally they promised to buy back based on their actual profits.
Hey yes I do. They publish it here - https://betking.io/bet/stats They have already done one buyback and they will do another one in March and every quarter moving forward.
I realize investors might have been fooled in itsICO.
Nope the owner is one of the most trusted guys in the crypto gambling space. Even gave away 25 Bitcoins over xmas to charities https://www.reddit.com/r/Bitcoin/comments/7jsabg/im_donating_25_bitcoin_to_good_causes_this/
Glad to know that. Do you probably know the first buyback price? I hope it was not based on the initial ICO price of 9 cents which is display on the website?
It sure was yeah. You can see the token price on their site. They always list it
So if I understand correctly, only their profits are taken into account in the token price calculation, while the appreciation of the bank roll itself is not.
100% corrrect. The original token price based on what was raised on a USD basis is also taken into account.
In an extreme scenario, in case the bitcoin price collapsed, the platform will be insolvent as it is not able to pay back the USD amount?
Thanks:)
This is what I have read on Reddit:
https://bitcointalk.org/index.php?topic=2053407.400
i don't think so
I look on page i and i must say your doing Well.
Keep it up and have a great day.
Kind regards,
Having a nice day, but didn't enjoy your 0 value comment :(
you call yourself btcmillionaire?? Not me maybe you send me something because i don't enjoy your 0 value comment :( :(
I thought you were a bot!
Oké, No problem 😎🤑