Be a Successful Bitcoin Dice Investor
Why invest?
Well, just like any other gambling, Bitcoin dice casinos have a tendency to fall and pull you down but what makes investing in Bitcoin casino better than any other game? It shouldn’t be a question of why should you invest but of why shouldn’t you invest. Aside from the thrill it can give, it is easy, fast-paced, and convenient and has a fair chance of winning. And as long as you have the “willpower”, you can most certainly beat the players, because you become “The house”.
In this way, you do not earn because you played, but rather you serve as a financial investor in bitcoin gambling website. Here, the invest amount you can do is unlimited and you can earn as much as you want. Just be careful in who you are investing for. The return of your money cannot be guaranteed as always. Since most of the Bitcoin casinos operate in an unregulated industry, plenty of online casinos operate without the proper licensing. But up to this moment, nobody really seems to mind that.
What to keep in mind?
Just like any other games, Bitcoin dice have cheaters and thieves. Since the betting is done online, we can’t assure that the websites are secured. Now, there are what we call runners and this is by far the most risky thing when it comes to playing Bitcoin dice where the owner simply shuts down and disappears taking all BTC’s and investor funds.
Why invest?
Well, just like any other gambling, Bitcoin dice casinos have a tendency to fall and pull you down but what makes investing in Bitcoin casino better than any other game? It shouldn’t be a question of why should you invest but of why shouldn’t you invest. Aside from the thrill it can give, it is easy, fast-paced, and convenient and has a fair chance of winning. And as long as you have the “willpower”, you can most certainly beat the players, because you become “The house”.
In this way, you do not earn because you played, but rather you serve as a financial investor in bitcoin gambling website. Here, the invest amount you can do is unlimited and you can earn as much as you want. Just be careful in who you are investing for. The return of your money cannot be guaranteed as always. Since most of the Bitcoin casinos operate in an unregulated industry, plenty of online casinos operate without the proper licensing. But up to this moment, nobody really seems to mind that.
What to keep in mind?
Just like any other games, Bitcoin dice have cheaters and thieves. Since the betting is done online, we can’t assure that the websites are secured. Now, there are what we call runners and this is by far the most risky thing when it comes to playing Bitcoin dice where the owner simply shuts down and disappears taking all BTC’s and investor funds.
How to invest?
Once you have chosen the casino that you wanted to invest in, the procedures are pretty simple. But before that, you should understand first the rules and risks of the Bitcoin dice game.
Try not to find the most profitable casinos in the leaderboard because those ranking are very subjective and that doesn’t hold the future of any gambling casinos. In gambling, anything could change in every minute. So instead, try to look at the expected value or the EV of the casino. This would show the expected earning of a casino. To compute the EV of a casino, multiply the amount of coins wagered in a casino with the house edge. House edge is the percentage of advantage that a casino has over the player. Then, learn to calculate your investment expectation by assuming that nobody is going to invest after you and that the betting volume will not grow nor shrink.
Now you can start investing. But wait! In order to invest, you need to acquire Bitcoins first. How? You can exchange Bitcoin online through buying currencies. And just like any other currency, the value of Bitcoin might vary every day. That is why; you should choose an exchange that is easy to understand, secure and has a history of good service. Once you can acquire enough coins, you need to secure it and place to an offline wallet for you and your money’s safety. Always make sure that your wallet file is not stored in a computer that is connected to the internet. Or if you do have it connected, make sure its encrypted with long password. Now, you are all set to make the investment. You can log on the Bitcoin dice site that you trust and just deposit Bitcoins into your account and click on the investment tab on the site. You will be shown offers and options on how you would like your investment to be. Just a few more clicks and your investment are on. Keep monitoring the activity of your chosen investment. You can use predictions to help you decide when to divest your funds.
Kelly?
Heard of Kelly and don't know what is it when investing in Bitcoin dice game? Kelly is an investment calculation. Mostly dice websites offer kelly from 0.25 up to 10 kelly. Kelly 1 is base investement - you invest 1 Bitcoin, (you own 100% of the bankroll) then you will win 1 Bitcoin (if players lose 1 bitcoin) or you will lose 1 Bitcoin. Kelly 0.5 means that you'll win only half of investement, and also lose only half. The bigger kelly, the higher is risk. The smaller is kelly, the smaller your risk.
Risks?
As in every investing business, there's a risk involved. Try to select websites that are old enough with good reputation, like cryptogames. In the past some new websites came on gambling scene, took investments and then ran away with investors money. Be carefull where you're investing!
Some tips?
Learn to read the graph activities of the Bitcoin price. You can associate with successful online stock traders. Online stock trading introduces unique challenges. Unlike traditional stock trading, there will be no living broker to help you along the way. Follow your instincts! Sometimes a good sense of instinct can help along the way to success. Never settle for doubts. There is no perfect formula for success but hard work and consistency can always come in handy. Don’t panic and don’t rely on hearsays. Create your own technique in dealing with your trading/investing transaction. And the hardest part of it is, you don’t really own a Bitcoin, because it’s virtual. You are just a part of a greater whole of the business.
Once you have chosen the casino that you wanted to invest in, the procedures are pretty simple. But before that, you should understand first the rules and risks of the Bitcoin dice game.
Try not to find the most profitable casinos in the leaderboard because those ranking are very subjective and that doesn’t hold the future of any gambling casinos. In gambling, anything could change in every minute. So instead, try to look at the expected value or the EV of the casino. This would show the expected earning of a casino. To compute the EV of a casino, multiply the amount of coins wagered in a casino with the house edge. House edge is the percentage of advantage that a casino has over the player. Then, learn to calculate your investment expectation by assuming that nobody is going to invest after you and that the betting volume will not grow nor shrink.
Now you can start investing. But wait! In order to invest, you need to acquire Bitcoins first. How? You can exchange Bitcoin online through buying currencies. And just like any other currency, the value of Bitcoin might vary every day. That is why; you should choose an exchange that is easy to understand, secure and has a history of good service. Once you can acquire enough coins, you need to secure it and place to an offline wallet for you and your money’s safety. Always make sure that your wallet file is not stored in a computer that is connected to the internet. Or if you do have it connected, make sure its encrypted with long password. Now, you are all set to make the investment. You can log on the Bitcoin dice site that you trust and just deposit Bitcoins into your account and click on the investment tab on the site. You will be shown offers and options on how you would like your investment to be. Just a few more clicks and your investment are on. Keep monitoring the activity of your chosen investment. You can use predictions to help you decide when to divest your funds.
Kelly?
Heard of Kelly and don't know what is it when investing in Bitcoin dice game? Kelly is an investment calculation. Mostly dice websites offer kelly from 0.25 up to 10 kelly. Kelly 1 is base investement - you invest 1 Bitcoin, (you own 100% of the bankroll) then you will win 1 Bitcoin (if players lose 1 bitcoin) or you will lose 1 Bitcoin. Kelly 0.5 means that you'll win only half of investement, and also lose only half. The bigger kelly, the higher is risk. The smaller is kelly, the smaller your risk.
Risks?
As in every investing business, there's a risk involved. Try to select websites that are old enough with good reputation, like cryptogames. In the past some new websites came on gambling scene, took investments and then ran away with investors money. Be carefull where you're investing!
Some tips?
Learn to read the graph activities of the Bitcoin price. You can associate with successful online stock traders. Online stock trading introduces unique challenges. Unlike traditional stock trading, there will be no living broker to help you along the way. Follow your instincts! Sometimes a good sense of instinct can help along the way to success. Never settle for doubts. There is no perfect formula for success but hard work and consistency can always come in handy. Don’t panic and don’t rely on hearsays. Create your own technique in dealing with your trading/investing transaction. And the hardest part of it is, you don’t really own a Bitcoin, because it’s virtual. You are just a part of a greater whole of the business.