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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)
ethereumhunter
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March 01, 2021, 05:17:46 AM
 #461

If we do not want to pay the high fee, we can save it for some weeks or months, so when you want to withdraw, you can do that at once, and I think the payment will still be bigger. And if the site has a faucet, you can get additional free coins which you can use to gamble without using your payment, and I think that will be safe for you to withdraw your earning. We use a faucet to help us enjoy playing gambling and I think that is the win-win solution for people who want to play gambling still.

Are you kidding me, bro? Faucet when you already have some balance on your account? You really believe there is any gambling website or casino which allows you to charge up your balance with faucet when it is above 0?  Cheesy
Never. I've never seen any gambling site doing that and the websites where I used to get paid for my signature, they never had any faucet facility available for their users.

No, I am not kidding you Grin

Well, you can withdraw your earnings first and then you can use the faucet to get a free coin to play gambling. That can save your earnings from gambling, and you can try to win that game.

You can try with freebitco.in to get the free coin while you have a balance on your account Grin

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Lorence.xD
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March 01, 2021, 07:56:17 AM
 #462

I prefer not to gamble my earnings and just withdraw them or save them for 2 weeks at least because I can wait 2 weeks to get my earnings in btc converted to fiat to save some fees.
Good thing that you do not spend your money on gambling, you are more likely to be financially stable than those who use their signature campaign earnings to gamble. Might I advise you to use your earnings to save to invest in gambling sites because I find that there is less risk there even though there are days where there is loss.

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bakasabo
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March 01, 2021, 10:11:48 AM
 #463

After reading posts, results can be divided into two options - those who receive bounty reward in their wallets, most likely hold them or use for other purpose, but those who receive reward in their gambling accounts, with high probability would spend them right there. And one of the reasons to do it are withdrawal fees (signature wearers simply receive reduced rewards) and a wish to increase earning.

R


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Ultegra134
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March 01, 2021, 01:24:25 PM
 #464

After reading posts, results can be divided into two options - those who receive bounty reward in their wallets, most likely hold them or use for other purpose, but those who receive reward in their gambling accounts, with high probability would spend them right there. And one of the reasons to do it are withdrawal fees (signature wearers simply receive reduced rewards) and a wish to increase earning.
I believe that this is one of the worst option to do. Having your signature campaign income to your gambling/casino account could end disastrous. One simple example would to be to get emotional and spend all your earnings on bets or casino games. I think it's best to store them in a separate wallet and from there proceed with what you want to do. The latter might actually discourage you from gambling excessive amounts due to high fees.

R


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stadus
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March 01, 2021, 02:44:47 PM
 #465

After reading posts, results can be divided into two options - those who receive bounty reward in their wallets, most likely hold them or use for other purpose, but those who receive reward in their gambling accounts, with high probability would spend them right there. And one of the reasons to do it are withdrawal fees (signature wearers simply receive reduced rewards) and a wish to increase earning.
I believe that this is one of the worst option to do. Having your signature campaign income to your gambling/casino account could end disastrous. One simple example would to be to get emotional and spend all your earnings on bets or casino games. I think it's best to store them in a separate wallet and from there proceed with what you want to do. The latter might actually discourage you from gambling excessive amounts due to high fees.
If gamblers does not really want to gamble what they earn, they can do that. For me, the only problem I see is the withdrawal fee, certainly you'll feel the huge fee because most signature campaign now already pegged their reward into USD value, so it's not wise to send the reward in a site where the site does not cover the fees when users withdraw.

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March 01, 2021, 04:32:43 PM
 #466

It's your personal choice whether you use it for your personal needs or spend it up to enjoy gambling every decision making depends from how you see your money.

Answering your question about using your fund, you still have 50% for your personal needs who knows the other half that you use for your gambling activity brings you decent win and convert to a huge amount, especially taht you are using slot where when luck comes your end the profits are really huge.

The last answer will be yours, any opinions are counted both sides.
That's right, I still have 50% of my income that I don't use to enjoy gambling. Personally, I don't expect to win a lot of money from gambling because it is absolutely impossible to achieve it if I only bet small amount. I'm just having fun, but gambling is an expensive place to have fun.
I know that all decision are up to me, and I may make some change to reduce my addiction to gambling.

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March 02, 2021, 08:24:38 AM
 #467

After reading posts, results can be divided into two options - those who receive bounty reward in their wallets, most likely hold them or use for other purpose, but those who receive reward in their gambling accounts, with high probability would spend them right there. And one of the reasons to do it are withdrawal fees (signature wearers simply receive reduced rewards) and a wish to increase earning.
I believe that this is one of the worst option to do. Having your signature campaign income to your gambling/casino account could end disastrous. One simple example would to be to get emotional and spend all your earnings on bets or casino games. I think it's best to store them in a separate wallet and from there proceed with what you want to do. The latter might actually discourage you from gambling excessive amounts due to high fees.
Yes, that is a solution for us who accept the income from our account, and we can send it right away before that money be used to play gambling.
There is no need to think about playing gambling for a while as bitcoin price can back increase, so we should save the bitcoin we got from the payment to be sold at a high price.
But people will have a different reason for their payment from the casino, and I hope they know what to do with their income.
If you think that you can split that income for playing gambling and send it into another wallet, you can do that and never break your rule.
Otherwise, you will not have that money and you can lose that money in gambling games.
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March 02, 2021, 08:40:42 AM
 #468

I prefer not to gamble my earnings and just withdraw them or save them for 2 weeks at least because I can wait 2 weeks to get my earnings in btc converted to fiat to save some fees. I get charged at $10 to withdraw, so it's less than 10% of my total earnings and I'm not bothered paying it to the gambling site I work for.
well that's a great act nowadays as we have just get over from the pandemic effect and many of us are just recovering and finding ways to survive the effect of the said Virus.

After reading posts, results can be divided into two options - those who receive bounty reward in their wallets, most likely hold them or use for other purpose, but those who receive reward in their gambling accounts, with high probability would spend them right there. And one of the reasons to do it are withdrawal fees (signature wearers simply receive reduced rewards) and a wish to increase earning.
because it is very tempting if you saw your gambling account has a funds again and you'll try the luck again if you can double the payments you received .

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March 02, 2021, 08:56:54 AM
 #469


Yes, that is a solution for us who accept the income from our account, and we can send it right away before that money be used to play gambling.
The problem now is the Fee mate , because we only receive small amount and sometimes the fee took us 10 or more dollars.

that's why i tend to at least Hold for 2-4 weeks before making withdrawal.

Quote
There is no need to think about playing gambling for a while as bitcoin price can back increase, so we should save the bitcoin we got from the payment to be sold at a high price.
If the site offer  bitcoin or crypto betting then it is best to use our bitcoin but if converted to dollar ? then best to withdraw.


Quote
But people will have a different reason for their payment from the casino, and I hope they know what to do with their income.
If you think that you can split that income for playing gambling and send it into another wallet, you can do that and never break your rule.
Otherwise, you will not have that money and you can lose that money in gambling games.
We must be consistent in our decisions mate, because if we cannot control our self then we are not best in gambling because addiction will make us win everytime.









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March 02, 2021, 10:32:13 AM
 #470

~
Having fixed portions of our signature money for saving / gambling / investing and spending is a good idea in my opinion. Most of us here are definitely gambling with our earnings, which is a good thing, because like that we can earn even more coins. The problem with crypto coins compared to stocks is that they don't earn any divided just by holding them. So if we want to earn in the meantime, we could lend our coins to someone else or need to do some gambling.

First off, I think if you get your payments in BTC, saving and investing is basically the same thing which you can call holding. Secondly, in my opinion, you rely on gambling too much in regards to earning money. The main purpose of gambling is entertainment, and you if you want to increase your savings through gambling, you are stepping on very dangerous road, my friend.

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arwin100
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March 02, 2021, 11:16:32 AM
 #471

~
Having fixed portions of our signature money for saving / gambling / investing and spending is a good idea in my opinion. Most of us here are definitely gambling with our earnings, which is a good thing, because like that we can earn even more coins. The problem with crypto coins compared to stocks is that they don't earn any divided just by holding them. So if we want to earn in the meantime, we could lend our coins to someone else or need to do some gambling.

First off, I think if you get your payments in BTC, saving and investing is basically the same thing which you can call holding. Secondly, in my opinion, you rely on gambling too much in regards to earning money. The main purpose of gambling is entertainment, and you if you want to increase your savings through gambling, you are stepping on very dangerous road, my friend.

Taking those risk are part of his growth here since maybe for now he find gambling as good alternative but once he lost to much on it I believe he will go on different option to find what better things can give him a good income.

For @Mauser even if we don't get any dividends by holding our signature earnings still we can get a good profits if the price pumps, I know it's different scenario if the market collapsed but still we see how the market creates good profit to the holder so if you can hold for long term better select this option since sometimes aiming to get money from gambling is really dangerous.

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March 02, 2021, 03:23:06 PM
 #472


Yes, that is a solution for us who accept the income from our account, and we can send it right away before that money be used to play gambling.
The problem now is the Fee mate , because we only receive small amount and sometimes the fee took us 10 or more dollars.

that's why i tend to at least Hold for 2-4 weeks before making withdrawal.

<...>

Quote
But people will have a different reason for their payment from the casino, and I hope they know what to do with their income.
If you think that you can split that income for playing gambling and send it into another wallet, you can do that and never break your rule.
Otherwise, you will not have that money and you can lose that money in gambling games.
We must be consistent in our decisions mate, because if we cannot control our self then we are not best in gambling because addiction will make us win everytime.


if you're not in a hurrey you can always send transacton with a low sats/byte and wait
this website is quite usefull for checking fees and mempool congestion:
https://bitcoinfees.net/

but of course the idea of waiting 3-4 weeks before withdrawing to save on fees, proportionally, is a good practice.

.
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March 02, 2021, 07:09:02 PM
 #473

It's your personal choice whether you use it for your personal needs or spend it up to enjoy gambling every decision making depends from how you see your money.

Answering your question about using your fund, you still have 50% for your personal needs who knows the other half that you use for your gambling activity brings you decent win and convert to a huge amount, especially that you are using slot where when luck comes your end the profits are really huge.

The last answer will be yours, any opinions are counted both sides.
That's right, I still have 50% of my income that I don't use to enjoy gambling. Personally, I don't expect to win a lot of money from gambling because it is absolutely impossible to achieve it if I only bet small amount. I'm just having fun, but gambling is an expensive place to have fun.
I know that all decision are up to me, and I may make some change to reduce my addiction to gambling.

Good to know that you are considering or thinking about reducing your expenses thru out gambling, I was engage before and i've learned things the hard way. Now, just like you, I'm treating this place as part of my entertainment, allocating small amount of money from my campaign profits.

Making sure that limits are being applied correctly and never to exceed to prevent big damaged from my fund, much better to work it out the sooner, it's good to learn how to work with bankroll management and keep it, for the best interest of saving your money.

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March 02, 2021, 11:33:04 PM
 #474

It mostly depends on how much I got, but I generally ensure that I can save some of it and/or gamble some of it. If it's not that big, then I'd prioritize hodling it since it guarantees me more profits rather than gambling it all. I can tell that most of my fellow Signature Campaign members are also into this type of earning.

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South Park
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March 03, 2021, 05:31:24 AM
 #475

I just voted for all three options in the pool. My current campaign (stake) pays the rewards directly to my gambling account which is actually why I like it. This way, I can use it to place bets on their sportsbook for both soccer and NBA matches. I also transfer some of my earnings from time to rime to my trading account in order to increase my trading capital since trading requires a tangible amount of funds in order to make reasonable profits. I mean, you can't make good trades with $5 - $20 kinda funds. I hope you get my point.

Finally, whenever I do need anything, school expenses or any other necessity, I do convert it to fiat and use.

I've made a couple of changes to how earnings are being spent in the last couple of weeks. My focused has slightly moved from gambling majority of it. More % goes into my trading capital while the rest are used for my gambling activities at stake (casino + sportsbook). Gambling hasn't been yielding much results in the last couple of wins hence the change. Looking forward to getting back in the game with a few changes here and there  Smiley

Love reading this thread to get other ideas from people on how best to manage and put earnings to work.

Nothing wrong with gambling some of the money you get from signature campaigns but it is great that now a greater percentage of it now is going through your trading capital, at the beginning it may not seem to make such a huge difference but do this for long enough and you will be amazed by the results you see, many people never see this, they try to do something for a few months and then they drop it when they do not get their desired results immediately but if you continue on that path and improve your abilities as a trader you could earn more with it than with your signature and eventually even more than your job.

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March 03, 2021, 09:27:40 AM
 #476


Yes, that is a solution for us who accept the income from our account, and we can send it right away before that money be used to play gambling.
The problem now is the Fee mate , because we only receive small amount and sometimes the fee took us 10 or more dollars.

that's why i tend to at least Hold for 2-4 weeks before making withdrawal.

Quote
There is no need to think about playing gambling for a while as bitcoin price can back increase, so we should save the bitcoin we got from the payment to be sold at a high price.
If the site offer  bitcoin or crypto betting then it is best to use our bitcoin but if converted to dollar ? then best to withdraw.


Quote
But people will have a different reason for their payment from the casino, and I hope they know what to do with their income.
If you think that you can split that income for playing gambling and send it into another wallet, you can do that and never break your rule.
Otherwise, you will not have that money and you can lose that money in gambling games.
We must be consistent in our decisions mate, because if we cannot control our self then we are not best in gambling because addiction will make us win everytime.
Yes, holding for more weeks will be the solution for those who need to withdraw the casino's income, so they can still get more payment in 2-4 weeks.
With the bitcoin price increases, our payment in bitcoin will also increase, giving us more money.
I prefer to stop gambling for a while or convert it into altcoin if they want to gamble for more.
We must stay away from gambling addiction before it is too late.
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March 03, 2021, 01:41:34 PM
 #477

<...>

<...> I was engage before and i've learned things the hard way. Now, just like you, I'm treating this place as part of my entertainment, allocating small amount of money from my campaign profits.

Making sure that limits are being applied correctly and never to exceed to prevent big damaged from my fund, much better to work it out the sooner, it's good to learn how to work with bankroll management and keep it, for the best interest of saving your money.

that!
I often post here about the importance of risk management, even if one loves gambling being able to separate part of their wealth for it asa play, probably no more than 1-3% total is a good way to go

and keeping alert about it to avoid turning it into a habit...

.
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conected
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March 03, 2021, 04:14:58 PM
 #478

It mostly depends on how much I got, but I generally ensure that I can save some of it and/or gamble some of it. If it's not that big, then I'd prioritize hodling it since it guarantees me more profits rather than gambling it all. I can tell that most of my fellow Signature Campaign members are also into this type of earning.
- If you are a gambling addict, the money you get from the campaign will always burn for the casino, the concept of saving or holding is non-existent for addicts and gamblers because the mentality of losing and wanting to recover but again, the severity of the problem increases as they continue to lose. But I believe most of the people who get income from signature campaign will always save and invest, gamblers will not show up when they are lazy, if they are skilled enough to make money, they won't participate in gambling


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Stalker22
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March 03, 2021, 05:49:37 PM
 #479

It's your personal choice whether you use it for your personal needs or spend it up to enjoy gambling every decision making depends from how you see your money.

Answering your question about using your fund, you still have 50% for your personal needs who knows the other half that you use for your gambling activity brings you decent win and convert to a huge amount, especially that you are using slot where when luck comes your end the profits are really huge.

The last answer will be yours, any opinions are counted both sides.
That's right, I still have 50% of my income that I don't use to enjoy gambling. Personally, I don't expect to win a lot of money from gambling because it is absolutely impossible to achieve it if I only bet small amount. I'm just having fun, but gambling is an expensive place to have fun.
I know that all decision are up to me, and I may make some change to reduce my addiction to gambling.

Good to know that you are considering or thinking about reducing your expenses thru out gambling, I was engage before and i've learned things the hard way. Now, just like you, I'm treating this place as part of my entertainment, allocating small amount of money from my campaign profits.

Making sure that limits are being applied correctly and never to exceed to prevent big damaged from my fund, much better to work it out the sooner, it's good to learn how to work with bankroll management and keep it, for the best interest of saving your money.

Your advice to "pay yourself first" is great, but I think most serious gamblers are taking that path already. I think if you don't know how to gamble like an expert, you shouldn't do it at all.
I have always said that it's a good idea to stick to a smaller amount (to counter the risk of losing) and make sure to have an escape if things go sideways. As long as you stick to a small and reasonable percentage of your bankroll, you'll have an easier time overcoming missteps.
 

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panganib999
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March 03, 2021, 07:20:02 PM
 #480

It mostly depends on how much I got, but I generally ensure that I can save some of it and/or gamble some of it. If it's not that big, then I'd prioritize hodling it since it guarantees me more profits rather than gambling it all. I can tell that most of my fellow Signature Campaign members are also into this type of earning.
- If you are a gambling addict, the money you get from the campaign will always burn for the casino, the concept of saving or holding is non-existent for addicts and gamblers because the mentality of losing and wanting to recover but again, the severity of the problem increases as they continue to lose. But I believe most of the people who get income from signature campaign will always save and invest, gamblers will not show up when they are lazy, if they are skilled enough to make money, they won't participate in gambling

If you want to play gambling while earning, you must be responsible and learn how to control yourself because in gambling money or earning is very fast and at the same time if you do not have any respect and discipline in yourself, you might also lose all of the assets you have. In my signature campaign earnings I manage to make it divided into several things like, for savings so that I able to withdraw anytime if there are emergencies that are unpredicatable, in businesses so that I may able to make profit out of it even if it is small and last is for paying bills, things and getting what I want. I do not put some in gambling but all of my change are into that portion. I able to have fun and at the same time pay my bills and save money.
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