Post
Topic
Board Gambling discussion
Re: Should I invest in bitcoin casinos?
by
mirakal
on 29/07/2016, 13:34:20 UTC
I don't think so, there are more safe investments in crypto, trading as an example. This requires more time and learning, of course. But it's up to you to decide where to put your money.

Casinos work like this: while a lot of people are loosing, there are only a few winning big. Theae guys will never bankrupt the site, unless someone hacks it. Trading takes time and involves higher risks than investing in a casino.
I think  its still the best to invest in trading even you are newbie better to study it and if you mistake this is one of the way to be success in the future.. no mistake no learning.. so if you just invest it in gambling and expect for earnings its risky because anytime gambling site can be gone hack or bankrupt..
In my case, I don't consider trading as a form of investment because it is like a gambling that you take advantage on putting your money on undervalued asset and wait until the price will rise in due time. Investment for me could mean like putting your bitcoin in our wallet.
Investing for me is when there is a specified terms for the investment and trading would not qualify under that matter. I believe investing in an online casino is legitimately considered as an investment as you will take part of the bankroll of the site and you shared on the profit.