Post
Topic
Board Beginners & Help
Re: Where can I invest?
by
subSTRATA
on 22/06/2015, 08:07:35 UTC
i think the best way to invest your money in real estate,anymore dont put all of your eggs on one basket so spread it another to like bitcoin,altcoin,gold,oil maybe and the other,decision is yours

Real estate is really the best way. I mean, ask all those people in Florida that lost millions in the housing bubble. Oh, and California. Oh, and Hawaii. Oh, and (insert tons of other states here).

True, But heck in investments its always a gamble. Some will win and some will lose

all investments have some sort of risk, its about getting what edge you can over the long term; a dice site's bankroll for example, should increase over time given the house edge. for this reason, I sometimes tend to put some coin into dice sites, and so far theyve been growing decently well.

Keep in mind that:

a.) even though dice sites are meant to be profitable in the long run, it's quite possible that a whale could come in and devastate the bankroll in the short term. It happened with nakowa in the case of Just-Dice, for example.

b.) there are currently very few (if any) trustworthy dice sites out there that offer an investment option. The only one that is universally considered to be trustworthy by the community is Just-Dice (since Primedice doesn't offer the ability to invest in its bankroll). And even Just-Dice doesn't accept investments in BTC - only CLAMs. Several dice sites that offered investments in the past have collapsed or disappeared with their investors' funds including Dicebitco.in and dice.ninja. In fact, once the risk of the dice site collapsing or disappearing is factored into the calculations, the long term expected rate of return for dice sites as a whole might even be negative.

I'd also like to point out another big issue with dice sites that allow investments: some of them are skimming coins. I've dealt with two privately now that had messed up algorithms for deciding what to give investors. One was only giving ~5% of what it should, and the other was decreasing investment amount regardless as to if someone won or lost (i.e., if someone bet 1 mBTC, if they won, it'd decrease bankroll by 1 mBTC. If they lost, it'd still decrease it by 1 mBTC). So even seemingly "okay" investments may not be.

true, and all of these risks can be minimized with transparency; if the site shows their bankroll at all times as well as proof of funds, investors can see for themselves weather or not the site's investment system is legitimate or not. i believe the lack of this transparency was why dadice decided to halt their investment option as well