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Question: What do you do with your earned crypto?
Gamble it! - 20 (11.1%)
HODL of course. - 43 (23.9%)
Spend it/Convert to USD. - 28 (15.6%)
I do all three! - 89 (49.4%)
Total Voters: 180

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Author Topic: Gamblers - How do you use your signature campaign earnings?  (Read 5505 times)
qwertyup23
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March 05, 2021, 10:01:53 PM
 #501

I don't gamble much anymore... It was once more!
But most of the time you lose anyway! Cheesy
In many cases you get your loss back after some time...

Believe me, you wouldn't be saying that if you actually won your gambling game!

The problem with gambling is with the uncertainty it brings with it- the adrenaline of not knowing the results and the hype afterward. It is highly addictive which can be very burdensome and expensive especially if you fail to match it with discipline and self-control.

Spending your signature campaigns in gambling may also be considered expensive especially on the growing price of bitcoin in the market. I personally recommend to HODL them while fees are high.

R


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Stalker22
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March 05, 2021, 10:21:46 PM
 #502

I like to spend at least part of my earnings on gambling. Sometimes I win, sometimes I lose, but the act of playing always puts me in a good mood. I think it's fair to support the casinos that hired us to promote them.
In either case, it doesn't take much to decide that it's not worth spending more than what I make in a week.


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johhnyUA
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March 05, 2021, 10:27:00 PM
 #503

I trying to hold this funds, but often cash out for some my harmful habits like cigars or gifts to my woman  Tongue
Sometimes I'm using it to play poker (mostly in Bitcointalk tournaments, heh) but not to often (the main reason is luck of time. I can't play 2-4 hours in a row for some online game).

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March 06, 2021, 12:23:07 PM
 #504

I trying to hold this funds, but often cash out for some my harmful habits like cigars or gifts to my woman  Tongue
Sometimes I'm using it to play poker (mostly in Bitcointalk tournaments, heh) but not to often (the main reason is luck of time. I can't play 2-4 hours in a row for some online game).

Maybe you try sports betting then, it does not need a lot of time to play, in less than 5 minutes you are finish gambling, you just need to wait for the result and decide whether you cash out your winnings or not. Campaign rewards are small if we look at in a weekly basis or the present price, but as the market goes adopted more, price will eventually increase more and the more we spent the more we loss the opportunity to accumulate btc.

R


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Fredomago
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March 06, 2021, 03:08:09 PM
 #505

If you are not an addected to betting i must say that you are really lucky...i have friend that always spend 75% from her crypto earning in betting platform, we are in crypto since 2017 and if he well managed her earnings from crypto maybe he is rich now

Bad management of his fund, like what you have said, if your friend manage to save his earnings he  might be rich by now, but no one is to blame aside from him alone. He spend that much amount of money instead of using it to other things or just simply save it he may enjoy what might be the value of his assets now. Along the way, it's really tough as too much addictions amkes things worst.

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March 06, 2021, 04:13:10 PM
 #506

I try the best to keep hold of the funds, but I wasn't able to do it for different reasons. For the last few week, I don't have any payments. All the payments received were lost on gambling. Myself prefer Dice over other games. I find myself unlucky, but my mind doesn't stay within the limit. Always try to increase the received amount through campaign. This finally ends with the loss of all funds.

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March 06, 2021, 05:55:57 PM
 #507

I try the best to keep hold of the funds, but I wasn't able to do it for different reasons. For the last few week, I don't have any payments. All the payments received were lost on gambling. Myself prefer Dice over other games. I find myself unlucky, but my mind doesn't stay within the limit. Always try to increase the received amount through campaign. This finally ends with the loss of all funds.

I have the same problem, sometimes we just lose a lot in a row. Especially in 2020 I lost quite a few coins through gambling. While with Dice I made some profit I lose more with roulette and blackjack. Especially Black Jack I keep trying to make a profit with my martingale strategy which is working fine with dice. But somehow the initial bets on blackjack are just too large and I tend to go broke. That is why I keep splitting my funds between investing and gambling, so I have at least some coins left even after going broke.
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March 06, 2021, 08:54:52 PM
 #508

I try the best to keep hold of the funds, but I wasn't able to do it for different reasons. For the last few week, I don't have any payments. All the payments received were lost on gambling. Myself prefer Dice over other games. I find myself unlucky, but my mind doesn't stay within the limit. Always try to increase the received amount through campaign. This finally ends with the loss of all funds.

I have the same problem, sometimes we just lose a lot in a row. Especially in 2020 I lost quite a few coins through gambling. While with Dice I made some profit I lose more with roulette and blackjack. Especially Black Jack I keep trying to make a profit with my martingale strategy which is working fine with dice. But somehow the initial bets on blackjack are just too large and I tend to go broke. That is why I keep splitting my funds between investing and gambling, so I have at least some coins left even after going broke.
You cant really compare off blackjack with dice when it comes to the duration of results or simply on the mechanics alone.In playing BJ
i havent tried on making use martingale method since there are lots of options for you to take when making up decisions in blackjack
on handling up your cards which means finances will really be different pattern on making out bets.If you do really tend to make out
investment then you should avoid yourself on playing gambling because this will be a big problem.

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March 07, 2021, 04:40:17 AM
 #509

I usually try to save up as much as possible, so that's the main use of my signature campaign earnings. When they grow in value enough I spend some, usually during the bull runs.
My nature of a hodler makes me think twice before I gamble anything away or use for charity, which doesn't mean that I don't gamble or spend on charity, just that fiat is much better for it.
Saving our bitcoin is critical, there is nothing wrong with spending some since that also helps this market by making more people accept it as a form of payment, but whenever you have a choice to use your bitcoin or to use fiat then you need to use your fiat, fiat is losing value as we speak while bitcoin over the long term does nothing but to increase its value, which means we need to do everything we can to hold all of that bitcoin and not use it unless it is strictly necessary.

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March 07, 2021, 05:16:50 PM
 #510

I usually try to save up as much as possible, so that's the main use of my signature campaign earnings. When they grow in value enough I spend some, usually during the bull runs.
My nature of a hodler makes me think twice before I gamble anything away or use for charity, which doesn't mean that I don't gamble or spend on charity, just that fiat is much better for it.
Saving our bitcoin is critical, there is nothing wrong with spending some since that also helps this market by making more people accept it as a form of payment, but whenever you have a choice to use your bitcoin or to use fiat then you need to use your fiat, fiat is losing value as we speak while bitcoin over the long term does nothing but to increase its value, which means we need to do everything we can to hold all of that bitcoin and not use it unless it is strictly necessary.

With the bitcoin price increases (again), it will better if we sell it and make a profit than to use it for gambling. We can not always get the winning on gambling games, but if we can hold the bitcoin, we can sell it and make money from bitcoin. That will help us to gain the benefits of bitcoin to us. Actually, we are grateful to be involved in the crypto world because we have so many coins that we can use to play gambling and we do not have to risk our bitcoin on the gambling table.
It depends on what the individual wants to use his/her bitcoin on, some rather trade while some rather gamble because of the current price of bitcoin. Yes, the market for bitcoin have been fluctuating for quite some time now where the chances of the price correction that people have talking about is even fading. With this reason, most of the people prefer to trade and watch the market flow to earn some quick bucks/coins. But still there are people who still keep on going on their gambling game which even made this price increase more favorable to them as the value of their winnings also increases.

Anyway, I'll hold and trade some coins until the market stabilizes and keep on gambling with what I have left on the gambling sites I've been gambling on.

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March 07, 2021, 05:37:22 PM
 #511

I usually try to save up as much as possible, so that's the main use of my signature campaign earnings. When they grow in value enough I spend some, usually during the bull runs.
My nature of a hodler makes me think twice before I gamble anything away or use for charity, which doesn't mean that I don't gamble or spend on charity, just that fiat is much better for it.
Saving our bitcoin is critical, there is nothing wrong with spending some since that also helps this market by making more people accept it as a form of payment, but whenever you have a choice to use your bitcoin or to use fiat then you need to use your fiat, fiat is losing value as we speak while bitcoin over the long term does nothing but to increase its value, which means we need to do everything we can to hold all of that bitcoin and not use it unless it is strictly necessary.
With the bitcoin price increases (again), it will better if we sell it and make a profit than to use it for gambling. We can not always get the winning on gambling games, but if we can hold the bitcoin, we can sell it and make money from bitcoin. That will help us to gain the benefits of bitcoin to us. Actually, we are grateful to be involved in the crypto world because we have so many coins that we can use to play gambling and we do not have to risk our bitcoin on the gambling table.
If they are gambling lovers, they will definitely use to gamble, this cannot be avoided because the gambling industry is increasing and many people are starting to be interested, so if they make money from the campaign, they will certainly use it, whether they want to lose or win, it will not be a problem for them.

It will still be for me, of course we have to save to see how the future plans for bitcoin, in this case if we collect without withdrawing the results of the campaign, there may be a large amount of capital for long-term bitcoin investment, but there are obstacles that make some of it used. for other purposes of the results of the campaign.

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acquafredda
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March 07, 2021, 06:13:16 PM
 #512

Interesting to read the very many differences in signature earnings money management  Smiley I am on the hodlers' side because I try not to touch any of that from the moment I consider them like an extra investment. This little extra plus some monthly DCA is my way of stacking sats for the future
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March 07, 2021, 06:29:08 PM
 #513

If you are not an addected to betting i must say that you are really lucky...i have friend that always spend 75% from her crypto earning in betting platform, we are in crypto since 2017 and if he well managed her earnings from crypto maybe he is rich now
He must be rich definitely by now becasue of the duration of time he has spent in gambling. Though with the 75% earnings be spent on cryptocurrency gambling seem different in my point of view, maybe your friend addiction should be check by now becasue of this percentage except that's false.

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March 07, 2021, 06:55:15 PM
 #514

Interesting to read the very many differences in signature earnings money management  Smiley I am on the hodlers' side because I try not to touch any of that from the moment I consider them like an extra investment. This little extra plus some monthly DCA is my way of stacking sats for the future

That is a great way of holding btc because while it is adding more and more btc to your stack, it is also giving you an opportunity to sell it higher at your desired value. I sometimes hold it in my wallet but always withdraw from the gambling site bi-weekly to keep my btc in a wallet whose private key is held by me, as it feels to be my own bank when I have them in my personal wallet. I am thinking of investing in NFTs because it is the new trend after Defi that will rise so high.
Quidat
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March 07, 2021, 07:59:24 PM
 #515

Interesting to read the very many differences in signature earnings money management  Smiley I am on the hodlers' side because I try not to touch any of that from the moment I consider them like an extra investment. This little extra plus some monthly DCA is my way of stacking sats for the future

That is a great way of holding btc because while it is adding more and more btc to your stack, it is also giving you an opportunity to sell it higher at your desired value. I sometimes hold it in my wallet but always withdraw from the gambling site bi-weekly to keep my btc in a wallet whose private key is held by me, as it feels to be my own bank when I have them in my personal wallet. I am thinking of investing in NFTs because it is the new trend after Defi that will rise so high.
Im not really that much of a gambler mind where i do save up all the things i do earn neither on signature campaign or with other sources since i know that i would really benefit out later on.
Stacking everything while i still can because earning opportunities doesnt really come often this is why when you do earn something then it would always be ideal or worth to save them up
it isnt bad to gamble but be sure on allocating up something for your investment means or even just thinking for savings because once you do lost it all then you would surely
regret on the things you had done.

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March 07, 2021, 08:39:11 PM
 #516

Im not really that much of a gambler mind where i do save up all the things i do earn neither on signature campaign or with other sources since i know that i would really benefit out later on.
Stacking everything while i still can because earning opportunities doesnt really come often this is why when you do earn something then it would always be ideal or worth to save them up
it isnt bad to gamble but be sure on allocating up something for your investment means or even just thinking for savings because once you do lost it all then you would surely
regret on the things you had done.

That is obvious for anybody who, when first loses everything that they have gained and collected so far, regrets later. I am not somebody who gambles all his worth, because I have a mindset to save and keep my earnings either in btc or even fiat. I gamble but with less 'and a fixed' bankroll to save myself from getting robbed by my greed.
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March 07, 2021, 09:43:28 PM
 #517

If you are not an addected to betting i must say that you are really lucky...i have friend that always spend 75% from her crypto earning in betting platform, we are in crypto since 2017 and if he well managed her earnings from crypto maybe he is rich now
He must be rich definitely by now becasue of the duration of time he has spent in gambling. Though with the 75% earnings be spent on cryptocurrency gambling seem different in my point of view, maybe your friend addiction should be check by now becasue of this percentage except that's false.

75 percent. Wow. If we consider this as a tax, then many would say that it is monstrous. Hopefully he got enough fun/entertainment for this waste. But if I was spending so much on gambling, I would be scared to look back and calculate the total amount of money spent on it.

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ethereumhunter
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March 08, 2021, 03:08:47 AM
 #518

It depends on what the individual wants to use his/her bitcoin on, some rather trade while some rather gamble because of the current price of bitcoin. Yes, the market for bitcoin have been fluctuating for quite some time now where the chances of the price correction that people have talking about is even fading. With this reason, most of the people prefer to trade and watch the market flow to earn some quick bucks/coins. But still there are people who still keep on going on their gambling game which even made this price increase more favorable to them as the value of their winnings also increases.

Anyway, I'll hold and trade some coins until the market stabilizes and keep on gambling with what I have left on the gambling sites I've been gambling on.

Yes, bitcoin fluctuating can be their reason to use their bitcoin to trade because they can have more chances to profit than to use it in the gambling games. I am trying to do the same as them, but I do not make a big profit because I realize that I can not analyze them better. If some people are trying to gamble with their bitcoin, their chance to win will not bigger than their losses.

I also hold and trade some coins, including bitcoin, because I see the market movements pretty good, so I can hope to make some nice profits.

If they are gambling lovers, they will definitely use to gamble, this cannot be avoided because the gambling industry is increasing and many people are starting to be interested, so if they make money from the campaign, they will certainly use it, whether they want to lose or win, it will not be a problem for them.

It will still be for me, of course we have to save to see how the future plans for bitcoin, in this case if we collect without withdrawing the results of the campaign, there may be a large amount of capital for long-term bitcoin investment, but there are obstacles that make some of it used. for other purposes of the results of the campaign.

Even if they are gambling lovers, they should think about the situations and the conditions because they can not always hope their plan can work. They should think that situations change at any time, so they need to have another plan related to changing the situations.

If we can save bitcoin from now on, we can have a big opportunity to be used for anything else in the future, including to sell the bitcoin at a high price.

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March 08, 2021, 03:28:46 AM
 #519


If they are gambling lovers, they will definitely use to gamble, this cannot be avoided because the gambling industry is increasing and many people are starting to be interested, so if they make money from the campaign, they will certainly use it, whether they want to lose or win, it will not be a problem for them.

It will still be for me, of course we have to save to see how the future plans for bitcoin, in this case if we collect without withdrawing the results of the campaign, there may be a large amount of capital for long-term bitcoin investment, but there are obstacles that make some of it used. for other purposes of the results of the campaign.

Even if they are gambling lovers, they should think about the situations and the conditions because they can not always hope their plan can work. They should think that situations change at any time, so they need to have another plan related to changing the situations.

If we can save bitcoin from now on, we can have a big opportunity to be used for anything else in the future, including to sell the bitcoin at a high price.

That high hopes from all supporters and believers will continue to choose holding their assets, though we are in the gambling discussions here and for sure most of us are still tempted when we see our balance is already available from our account wallets.

Chances that portions of that money  being used to feed our gambling lust,  good control of our emotions plays the big role to make thins happened

in terms of conserving our assets, if you do have good control   following  a working  system
budgeting your money, and you can keep it that way, in the long process you'll be
able to enjoy all those money that you saved.

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March 08, 2021, 03:31:27 AM
 #520

Interesting to read the very many differences in signature earnings money management  Smiley I am on the hodlers' side because I try not to touch any of that from the moment I consider them like an extra investment. This little extra plus some monthly DCA is my way of stacking sats for the future
Good for you that you aren't losing it on gambling, we know that gambling is fun but we also know that it can easily eat away what we are saving. Not to mention that regret you will feel when you lost your satoshis in gambling at the current prices.

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