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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%)
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Author Topic: Gamblers - How do you use your signature campaign earnings?  (Read 5505 times)
Vaculin
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February 05, 2021, 02:42:21 PM
 #301

$60 in crypto is still $60 at the time it was paid. Unfortunately, if you're like me and want to hold your coins into the future, receiving $60 in crypto when the price is at an all time high will only see the price deminish unless you're prepared to see the price crash and burn, stagnate, flourish and grow and eventually reach this price in a year, two years time when you might have wanted to just hold for the next six months.
Signature campaigns right now are paying on a dollar-based unlike before which was paid on a BTC-based whatever the price of bitcoin was. Even the mighty Chipmixer campaign failed to continue paying their participants on a BTC-based payment and had to go through a $ based payment which is still the highest payment campaign up until now.
For us, who got paid 50-80$ worth of bitcoin, it's better for us to hold unto it until the price has increase but it's sometimes fun to gamble our earnings with what we advertising on our signature space. However, I haven't gamble my earnings for a long time now as for me it's sometimes a hassle depositing and withdrawing funds especially that most gambling sites has a minimum amount required to withdraw on. Also, the fees is a factor as gambling 50-80$ and a fee of 1-10$ is too much for just that amount.

Holding has a best timing, if the price is $40k and you earn $50 usd a week, you will earn less bitcoin when the price is $20k, so at this moment, I believe it's a great timing to gamble and spend our bitcoin than holding. IMO, holding when bull run is not a good decision, unless you'll go HODL, which is good for few people only, now is the time to take an opportunity to sell.

Back to campaign earning, yes, I believe it's suitable for gambling or spending, not holding.
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pawanjain
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February 05, 2021, 04:25:45 PM
 #302

Signature campaigns right now are paying on a dollar-based unlike before which was paid on a BTC-based whatever the price of bitcoin was. Even the mighty Chipmixer campaign failed to continue paying their participants on a BTC-based payment and had to go through a $ based payment which is still the highest payment campaign up until now.
For us, who got paid 50-80$ worth of bitcoin, it's better for us to hold unto it until the price has increase but it's sometimes fun to gamble our earnings with what we advertising on our signature space. However, I haven't gamble my earnings for a long time now as for me it's sometimes a hassle depositing and withdrawing funds especially that most gambling sites has a minimum amount required to withdraw on. Also, the fees is a factor as gambling 50-80$ and a fee of 1-10$ is too much for just that amount.

It's definitely better to hold bitcoins at such times. I am still holding my earnings from a few months ago and can almost see it double in price  Grin
Chipmixer was paying too much according to the price of bitcoin until recently it slashed it prices. It was quite expected though.
They decreased the price to more than 70% of what was getting paid which was a turn off for many.

Gambling these days feels like goosebumps when we see the bet amount in fiat equivalent price. I never see the fiat equivalent until I have stopped gambling for that particular day  Grin

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February 05, 2021, 04:51:53 PM
 #303

I try as much as I can to hold my signature campaign earnings as they are yet another way to stack more and more sats. I like spending time here on the forum and I am glad that I also have the opportunity to help spreading the word about crypto businesses.
Because I also never forget that this money should never be considered as some salary because clearly it is not.
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February 05, 2021, 05:30:55 PM
 #304

You may not believe it but every time I got my weekly payment, I bought at least 1 or 2 books to be added to my mini-library. I started collecting books a few months ago because before that, every time I got the weekly payments I only buy some foods and snacks but now I spent most of it on the books and I have more than 20 books now from my signature earnings.
I also use it for buying books and I already owe about 5 books. I hope that I can make the count of my books higher because reading is really one of my hobby. I also read books when I am trading, gambling and resting on gambling. Sometimes I keep it so that I can have extra when I want to gamble more because if I lose all my money and I'm not satisfied, I am getting sad and cannot get my rhythm when I am trading. When I lose a lot on trading that is when I am starting to read books and that is the reason why I want to buy a lot of books so that I can have something to focus my attention when I lose the hype of my day. Other books can also teach you a lot of things and I am reading psychology book on this time because they say that it can give a good effect for gambling.

Looking to keep yourself busy instead of regretting things that went wrong after your gambling. It's good to have diversions in order to
focus once you play back.

Regret most of the time keeps you to the wrong side, you keep playing aggressively instead of relaxing and taking time to review more about your strategy. You need to put aside any emotions instead taking time to enjoy, losing money is not good but losing more because of the same mistake is more worse than ever.

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carlfebz2
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February 05, 2021, 05:55:19 PM
 #305

I try as much as I can to hold my signature campaign earnings as they are yet another way to stack more and more sats. I like spending time here on the forum and I am glad that I also have the opportunity to help spreading the word about crypto businesses.
Because I also never forget that this money should never be considered as some salary because clearly it is not.
It might not be treated as a salary but for some people it would really be on that way or treatment because not all are really living on a nice status in life when it comes to finances.

Its true that signature campaigns isnt really a job but people do earn which is more than on the amount that they can potentially earn on a real day job this do talks about on
3rd world countries.

Me too on where i do tend my best on not to waste up my coins in playing gambling because not on the part of avoiding on being addicted but rather i dont see
the point on wasting up your 1-weeks effort and time to lost those coins in a matter of seconds.It isnt really just worth.
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February 05, 2021, 08:20:00 PM
 #306

That's very unfortunate if you have accidentally bet all of it. Is there nothing left to you when you've done that mistake?

You can gamble again soon and you'll be able to recover that but just as we say, priorities first.

There is nothing left.

But you don't need to worry about it. It is an amount I could definitely take back in a short period of time, that is how low that amount is. Family is my priority right now especially that they are aging so quickly. Time really passes by so quickly, that is why I am also making some free time so I could talk to them. They also have it rough as they are usually warned about going outside.
Aw man. That hurts. I'm sorry if there's nothing left anymore to you while watching bitcoin and other altcoins rise.

But with that spirit of yours, I believe you can take it back with several ways. Keep making your family be in your priority because they're the reason why you need to get back or at least retrieve yourself from it.



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February 05, 2021, 09:24:09 PM
 #307

Yeah I fully agree with you here. $60 in bitcoins when the price was around $10,000 was pretty nice to just hold long term. But now since BTC price rallied so hard I am not sure if it is the best idea to keep holding. Once BTC is reaching 40,000 USD I will start using my coins for gambling again. If I manage to double up my coins it's going to be a nice profit. The upside potential is a bit limited after reaching the big mark I think.

A very strange idea in my opinion - you already have a good amount (after bitcoin has grown almost 4 times), it might be easier to wait until bitcoin reaches $ 80,000 instead of giving your money to the casino? Hoping to win at a casino is a very dubious idea, I would be sorry to lose my savings on this (despite the fact that I do not use them and they just lie in my wallet).

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February 05, 2021, 11:31:20 PM
 #308

Yeah I fully agree with you here. $60 in bitcoins when the price was around $10,000 was pretty nice to just hold long term. But now since BTC price rallied so hard I am not sure if it is the best idea to keep holding. Once BTC is reaching 40,000 USD I will start using my coins for gambling again. If I manage to double up my coins it's going to be a nice profit. The upside potential is a bit limited after reaching the big mark I think.

A very strange idea in my opinion - you already have a good amount (after bitcoin has grown almost 4 times), it might be easier to wait until bitcoin reaches $ 80,000 instead of giving your money to the casino? Hoping to win at a casino is a very dubious idea, I would be sorry to lose my savings on this (despite the fact that I do not use them and they just lie in my wallet).

Depends on persons needs and on how they do manage their funds.If they do look that 40k would be enough to cash out then its their choice. If they do look that they have some extra to spent then its their choice.
Just like you i would rather decide to let those funds sit and wait up for the increase before doing anything else.Im a bit strict when it comes on handling finances or on where they should really be spent out
and gambling isnt included or my genre or in line of things but if i do see something interesting to bet on then thats the time i might consider.

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February 05, 2021, 11:55:41 PM
 #309

I have big thanks to those campaigns because of it my life change and everything i need in life i achieved them all , ever since i joined in this forum & participate in campaign in the one i wore of course im doing all three when i received my payment i always do gambling first and when i win to be honest im support those kids who fighting for their cancer and some times im buying books for them just to enjoy life because everything happens for a reason and i can't stop my self helping others.

In holding just a bit im not putting much money in it because there's a trading or thinking about the future investing is the best to earn money and to support it again into those who really need helps.
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February 06, 2021, 08:52:55 AM
 #310

I try as much as I can to hold my signature campaign earnings as they are yet another way to stack more and more sats. I like spending time here on the forum and I am glad that I also have the opportunity to help spreading the word about crypto businesses.
Because I also never forget that this money should never be considered as some salary because clearly it is not.
It might not be treated as a salary but for some people it would really be on that way or treatment because not all are really living on a nice status in life when it comes to finances.

Its true that signature campaigns isnt really a job but people do earn which is more than on the amount that they can potentially earn on a real day job this do talks about on
3rd world countries.

Me too on where i do tend my best on not to waste up my coins in playing gambling because not on the part of avoiding on being addicted but rather i dont see
the point on wasting up your 1-weeks effort and time to lost those coins in a matter of seconds.It isnt really just worth.
Yes, from what I've learnt here on the forum over the years for some people coming from poor countries even the signature money can be enough to either sustain or at least support a whole family. I remember the story of a guy who started getting some money out of sig campaings and then ended up working for a crypto company. I can't recall the thread but it was a very compelling story for the topic.
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February 06, 2021, 10:19:32 PM
 #311

A very strange idea in my opinion - you already have a good amount (after bitcoin has grown almost 4 times), it might be easier to wait until bitcoin reaches $ 80,000 instead of giving your money to the casino? Hoping to win at a casino is a very dubious idea, I would be sorry to lose my savings on this (despite the fact that I do not use them and they just lie in my wallet).

Depends on persons needs and on how they do manage their funds.If they do look that 40k would be enough to cash out then its their choice. If they do look that they have some extra to spent then its their choice.
Just like you i would rather decide to let those funds sit and wait up for the increase before doing anything else.Im a bit strict when it comes on handling finances or on where they should really be spent out
and gambling isnt included or my genre or in line of things but if i do see something interesting to bet on then thats the time i might consider.

Yes, I'm also conservative about money (it's hard for me to get it, so I prefer to save it) and I'm ready to take risks only if I see a good chance to win (roughly speaking, the profit outweighs the risk). As for my hodling now, it is due to the fact that I started a business in fiat and I see it as a kind of diversification.

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February 06, 2021, 10:28:38 PM
 #312

I do all three but I manage each choices with percentage of the earnings. I always split my earnings for gambling, save btc and convert it if my instincts tells me that the price is decreasing even if it's a small percent of price decreasing. As of now, I don't have much btc stored but the btc I converted to fiat currency is still in my bank account.

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February 06, 2021, 10:34:19 PM
 #313

As of now, I don't have much btc stored but the btc I converted to fiat currency is still in my bank account.
Same here, I could have make a good profit if I just hold my bitcoin instead of converting it to cash, now that bitcoin is at $40k, it could have given me what I want. However, I am still thankful I continuously earn bitcoin and that's what matters now, I'll continue to learn, that's what I do.

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February 06, 2021, 10:46:53 PM
 #314

As of now, I don't have much btc stored but the btc I converted to fiat currency is still in my bank account.
Same here, I could have make a good profit if I just hold my bitcoin instead of converting it to cash, now that bitcoin is at $40k, it could have given me what I want. However, I am still thankful I continuously earn bitcoin and that's what matters now, I'll continue to learn, that's what I do.
We do have wishes and wants in life so its just normal for us to do things on where we do get income or make money and this crypto market does really give out that opportunity.

Most people here are engage into things like gambling, trading, investments etc. where we do have chance on attaining that goal but of course it would really be needed for you to risk up
something to gain something.

Campaign earnings is one of those sources, it might not be big but this amount is already a big help for those who do live out on developing countries.
Me myself cant really afford to lose this amount even if its just small amount on others.
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February 06, 2021, 11:02:27 PM
 #315

Gamble, Hold, and spend it...it is quite normal, everyone does I know. But for me, I spend more of my Bitcoin on other stuff than use it to gamble.

Well, having this signature campaign won't last for a lifetime, spending it on the most important things is the wisest idea. If we gamble, it should be in limitation and not will eat up all your income coming from the campaign we participated with.


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February 06, 2021, 11:17:54 PM
 #316

Gamble, Hold, and spend it...it is quite normal, everyone does I know. But for me, I spend more of my Bitcoin on other stuff than use it to gamble.

Well, having this signature campaign won't last for a lifetime, spending it on the most important things is the wisest idea. If we gamble, it should be in limitation and not will eat up all your income coming from the campaign we participated with.
Exactly, we don't know when the forum stop of having signature campaign earning, we should be valued our earnings here. Yes, we gambled but on the limited amount that we can afford or if there is existing money from your pocket. I guess the best one is to invest in a lifetime business that surely will give you an ROI. Or holding bitcoin in your wallet how the purpose long time investment.

I gambled once and I earned a profit, unfortunately, in the next day, all my profit was gone in just a single snap. I think we should put a limit.

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February 06, 2021, 11:32:16 PM
 #317

I assume most people probably gamble it, and that’s why signature campaigns are able to be so generous

Not necessarily. I don't think the campaigns rely on profit directly from people, who wear the signatures. It's just that Bitcointalk itself is full of people, who are into the things, that are advertised here: altcoins, gambling, other crypto-related projects. Thus, this forum seems to be a very good platform with a target-like effect. For instance, advertising the above-mentioned things on popular platforms or on social media, like on Instagram or Facebook, even with targetting, wouldn't be that effective, IMO.

Anyways, I donated much of my earnings here in research, because I'm a scientist, and research funding in our country is very poor, so if you want to make a difference, discover things and publish them - you need to rely on your own investments. But some of the money I actually use for gambling, just for fun, and mostly I gamble on the websites, that are advertised here.
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February 07, 2021, 11:37:00 AM
 #318

As of now, I don't have much btc stored but the btc I converted to fiat currency is still in my bank account.
Same here, I could have make a good profit if I just hold my bitcoin instead of converting it to cash, now that bitcoin is at $40k, it could have given me what I want. However, I am still thankful I continuously earn bitcoin and that's what matters now, I'll continue to learn, that's what I do.
We do have wishes and wants in life so its just normal for us to do things on where we do get income or make money and this crypto market does really give out that opportunity.
Yeah you are right, sometimes we really need money so we have to cash it out.
I have a little regret but if I will carefully analyze, I have to be thankful as I still make some money.

Most people here are engage into things like gambling, trading, investments etc. where we do have chance on attaining that goal but of course it would really be needed for you to risk up
something to gain something.

Campaign earnings is one of those sources, it might not be big but this amount is already a big help for those who do live out on developing countries.
Me myself cant really afford to lose this amount even if its just small amount on others.

I'm doing all these but I'm not full time on these so I don't really make a lot of money. I don't live in reach country as well so my earning in signature campaign really gives a big help to me, and I'm thankful with that little opportunity in my life.

Gambling is fun but I never expect I could make a living on it although I think it's possible.

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February 08, 2021, 03:50:14 PM
 #319

I try as much as I can to hold my signature campaign earnings as they are yet another way to stack more and more sats. I like spending time here on the forum and I am glad that I also have the opportunity to help spreading the word about crypto businesses.
Because I also never forget that this money should never be considered as some salary because clearly it is not.
It might not be treated as a salary but for some people it would really be on that way or treatment because not all are really living on a nice status in life when it comes to finances.

Its true that signature campaigns isnt really a job but people do earn which is more than on the amount that they can potentially earn on a real day job this do talks about on
3rd world countries.

Me too on where i do tend my best on not to waste up my coins in playing gambling because not on the part of avoiding on being addicted but rather i dont see
the point on wasting up your 1-weeks effort and time to lost those coins in a matter of seconds.It isnt really just worth.
Yes, from what I've learnt here on the forum over the years for some people coming from poor countries even the signature money can be enough to either sustain or at least support a whole family. I remember the story of a guy who started getting some money out of sig campaings and then ended up working for a crypto company. I can't recall the thread but it was a very compelling story for the topic.
Success stories and failures would really be mixed up into this market.Some would able to enhanced or upgrade their lives and some do still struggle on making some improvement after all the years they've been
dealing into this market.

We do have our own will if we would use it for more important thing or would just simply use it again on gambling.It depends on someones needs and situation.
It isnt bad to use it for your enjoyment or entertainment but you should think off on what would be the first to be done first.

Even the amounts are small but if you do save it up in longer runs then this one will be still a worth to have.
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February 10, 2021, 09:07:56 AM
 #320

Gamble, Hold, and spend it...it is quite normal, everyone does I know. But for me, I spend more of my Bitcoin on other stuff than use it to gamble.

Well, having this signature campaign won't last for a lifetime, spending it on the most important things is the wisest idea. If we gamble, it should be in limitation and not will eat up all your income coming from the campaign we participated with.
Exactly, we don't know when the forum stop of having signature campaign earning, we should be valued our earnings here. Yes, we gambled but on the limited amount that we can afford or if there is existing money from your pocket. I guess the best one is to invest in a lifetime business that surely will give you an ROI. Or holding bitcoin in your wallet how the purpose long time investment.

I gambled once and I earned a profit, unfortunately, in the next day, all my profit was gone in just a single snap. I think we should put a limit.

Definitely, limit is very important regardless on how you earn that bitcoin of yours. We are blessed to earn bitcoin from campaign, therefore we should value it like our real money because that is a good investment and we are seeing how this bull run make our holdings grow significantly.

A gambler must be realistic of the risk, not only on the reward, you win some, you lose some, that's the reality in gambling, but even if you experience loses as long as you are in limit, and you don't touch what you hold, you'll be okay.

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