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Question: Do you gamble whatever you earn everyday or keep collecting till you make a large balance?
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Author Topic: Do you gamble or do you collect Crypto-Currencies you earn?  (Read 1344 times)
xavier77 (OP)
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July 08, 2016, 09:10:39 PM
Last edit: July 09, 2016, 04:14:49 PM by xavier77
 #41

With gambling you can never trust who is calling the shots (even if they say so)

With collecting, the hardest part is holding on to them if the price increases temporarily - keep holding & who knows how much profit you'll make.  Buying crypto and selling at a slightly larger price is the hardest temptation to overcome.

Yes, you said it. Collection always does not make us profit. It might be slow and value of BTC might fall just as we see in halving. In that case, all these collecting were in vain . However, your method seems genuine and yes, negative profit is impossible with no risk but a great man said, " If you take no risk, you will never win something big"

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BossMacko
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July 08, 2016, 09:34:40 PM
 #42

With gambling you can never trust who is calling the shots (even if they say so)

With collecting, the hardest part is holding on to them if the price increases temporarily - keep holding & who knows how much profit you'll make.  Buying crypto and selling at a slightly larger price is the hardest temptation to overcome.

Yes, you said it. Collection always does not make us profit. It might be slow and value of BTC might fall

I keep telling myself to just collect all Bitcoin i get from many sites including the payment i get in signature campaign. But everytime i have Bitcoins in my Wallet i always send it in gambling wallet . I can't resist the urge to play and have fun in gambling. The result of this action is at the end of the day i don't have bitcoin left and just wasted my 1 week earned Bitcoin.
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July 08, 2016, 09:42:14 PM
 #43

Collect all the crypto currencies youve got is the best way to gain some profit from the net. But, dont forget to always look at the price fluctuation. Convert it to your local currency when the price looks too high to you

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July 10, 2016, 05:32:36 AM
 #44

Collect all the crypto currencies youve got is the best way to gain some profit from the net. But, dont forget to always look at the price fluctuation. Convert it to your local currency when the price looks too high to you

If you covert to fiat at the right time you can reduce gambling loses as well. Then gamble and collect winnings.
Some crypto you can collect for free so it's a good idea and investing only costs your time. Smiley

 
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July 10, 2016, 05:48:47 AM
 #45

Newbies are seen to gamble whatever they earn daily for increase in balance. They might lose what they earn. Some advanced players keep collecting and saving their balance and make an appreciable sum. Which is apt for you? What do you do?

i always keep what i earn and for gambling i have a separate stash that has a fixed amount for each week in it and i only gamble with that much bitcoin and nothing more. that way i am keeping my gambling habits under control and i don't lose much in the process.

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July 10, 2016, 06:10:44 AM
 #46

Newbies are seen to gamble whatever they earn daily for increase in balance. They might lose what they earn. Some advanced players keep collecting and saving their balance and make an appreciable sum. Which is apt for you? What do you do?

i always keep what i earn and for gambling i have a separate stash that has a fixed amount for each week in it and i only gamble with that much bitcoin and nothing more. that way i am keeping my gambling habits under control and i don't lose much in the process.

Well thats good for you but for me is different since i need money on weekly basis so my little winnings are intended to use for cash out and i dont really want to left my coin stuck in gambling site becauseni dont want to lose money if they will be bankrupt and also i dont really gamble with alts because i dont want to stake some of them, i'm a fan kid with BTC.

R


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July 10, 2016, 09:31:18 AM
 #47

up to now i was struggling to collect and hold for having. and now i will use it in gambling and so many other healthy activities. i will change some of them in to my local currency as we cannot directly use bitcoin here. so as to do some shopping.
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July 10, 2016, 09:38:31 AM
 #48

This past week i was doing both. I gamble with other crypto currencies and i am collecting Bitcoin in my Bitcoin wallet for safe keeping and for price to go high. I get Doge coin through exchanging it to Bitcoin and i double my doge coin then exchange half again to Bitcoin .That's how i gamble and collect crypto currencies.
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July 10, 2016, 09:48:30 AM
 #49

too bad OP didn't make 3rd option (both). first, i'll collect the alt coins , second, after i got decent amount of that alt coins, i'll gamble those (you know we need big bankroll to cover our loss in gambling)
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July 10, 2016, 10:56:19 AM
 #50

When i played faucets i collected the satoshis then i tryed to maximizing it by the dice. Soo i were collecting the coins to then play i believe it were freebitcoin faucet.
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July 10, 2016, 12:00:29 PM
 #51

With gambling you can never trust who is calling the shots (even if they say so)

With collecting, the hardest part is holding on to them if the price increases temporarily - keep holding & who knows how much profit you'll make.  Buying crypto and selling at a slightly larger price is the hardest temptation to overcome.

This is true,  you will never know if you will win or not if  you are to gamble your hard earned BTC.  And more likely if you are not that lucky, you will lose all of them. 
Collecting is  better and safer way to make your stash grow.  You need a certain self restrain in order for you to accumulate succesfuly.  We can see the tempation if the price increase to sell them but, having a goal for the maximum amount you need to collect before spending or encashinig them and the amount you will be encashing them is good.
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