Gambling Dapp Dividends Report | Buying The Dip!
The Crypto market seems to be in a downtrend right now which gave a nice opportunity to deploy some funds and buy the dip adding coins to this portfolio. My aim at this point is to reach 500$ worth of dividends each week and I continue to cost-average buy my way in as long as I have reasons to believe the overall valuations are too cheap. This very much feels the case right now as the dividends seem quite sustainable with even room for a lot of growth if crypto gets wider adopted in the wold.
Thes performances and coins I added this week:
Sportbet.one (SBET)
I continue to be a sucker for SBET and added 100k extra paying around 141 EOS for it (316$ at the time) reinvesting some of the Dividends from the past weeks. The dividends remain really stable and solid and the valuation of all coins in circulation is very low in crypto terms. Right now I have 5.6 Million SBET which equals 1.4% of the circulating supply and I'm looking to possibly get this to 6 Million buying small batches when there are dips.
Yearly returns were around 45% last week and all the charts based on the last 118 weeks look very stable mainly missing actual growth which I believe/hope will come eventually slowly but surely.
Betfury.io (BFG)
I was tempted to add some BFG as the total dividend pool went from 2.5 Million to 3.5 Million which increased the Dividends quite a bit. This had not yet been reflected in the price at the time. It did soon after and I was just sticking to my play to no longer buy more SBET considering my position fully filled at 500k BFG. Looking at the Price/dividends chart, it kind of looks like the bottom is in and it would be nice for things to go up or at least stay where they are right now.
At current prices, the yearly returns are around +62.23% and BFG continues to be a nice money maker.
Wink.org (WIN)
I wrote last week how WINK seems to have come back to life and how tempted I was to start buying back some of the coins I sold near the peak about a year ago. I did use TRX Dividend earnings from Betfury to buy 2 Million extra WIN (~600$) as the increased dividends are holding up so far and I might buy some more the coming weeks if the market continues to drop.
The Price is down around -90% since the peak in what looks like a new accumulation zone. I only bought and froze the 2 Million WIN yesterday so extra dividends are not part of the results this week yet. While it won't make that much difference, every dollar for sure counts and adds to the weekly earnings.
The gap between price of WIN and the Yearly Dividends is getting a lot smaller again which is one of the main buying indicators for me.
The 100-Day Dividend moving average also continues to be in an overall uptrend reaching close to the highest recorded numbers again.
APY Based on Current Price and Dividends from the last 7 days
| Project | APY |
|---|---|
| Betfury.io (BFG) | +62% APY |
| Sportbet.one (SBET) | +45% APY |
| Wink.org (WIN) | +42% APY |
Note: Token prices going up or down have a major influence on the actual returns going forward either amplifying them if they go up or destroying them when the price goes down.
Personal Gambling Dapp Portfolio
Dividends remained very solid despite the dip in the crypto markets. I would not be surprised to see a slight decrease the coming weeks despite having added some more coins. Right now I'm holding 16M WIN / 5.6M SBET / 510k BFG/ 10k TRX / 76 LIVE | 2271 RAKE holdings and I continue to cost-average these 3 projects. I am looking the diversify more looking for good gambling dapps that pay the losses from the gambler to those holding a token, so if you have one on your radar make sure to let me know...
Full Guides to Decentralized Crypto Bookies I personally use where no KYC is required allowing anonymous betting from any location without individual limits for winning players...
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|---|---|---|---|
| Betfury.io |
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Posted Using LeoFinance Beta
!hivebits
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