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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)
South Park
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March 26, 2021, 12:57:13 AM
 #641

Based on my personal experience, most of the gambling sites does not support BNB, I don't know the exact reason but DOGE and XRP are good enough as they don't have a high fees and in terms of liquidity, we can consider these coins as really liquid.

LTC, I think, falls into this category as well. I'm not sure why, but when it comes to gambling, Litecoin has always been my preferred coin.
Probably because it is the oldest of all these currencies, afaik.

Well among BTC, ETH, LTC, DOGE which are the OG's crypto that are mostly listed on gambling sites, I prefer DOGE as it makes me feel that I'm gambling with huge amount along with it's low transaction fee and it's fast transactions. LTC price has been stable ever since, I even remember LTC almost has the same price of bitcoin but ,yes , LTC's transaction fee too is small and fast but I rather prefer DOGE  Grin

I rarely see XRP being included on most gambling sites unlike those above but still I rather prefer XRP than LTC if both are available. Maybe because of the price of these coin which makes me feel like I'm gambling with a huge amount of money.
I thought that I was the only one, not only dogecoin offers cheap and fast transactions which is more than enough to make it a very popular coin to gamble but it is also a great way to make you feel as if you are betting a lot of money when in fact this is not the case, dogecoin has the ability to make me feel like a whale without having to actually being one or to spend too much money when I gamble, and that is priceless for someone like me.

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March 26, 2021, 12:09:02 PM
 #642

... but the platforms on which we receive our income must be trusted.
Not all, but most of the platforms promoting through signature campaigns on these forums are reputable. They spend thousands of dollars each week on advertising, there's no way they can scam your little money  Cheesy

Both has a point about the fees and as well as keeping it on our private wallets. If you're too conscious for the fees, you wait until the fee goes down.
But if you value your coin and you want to transfer it to your own wallet and don't care about the fee, you do it.
Some campaigns pay you through a personal address, but others pay through their platforms. I am working for a platform that make payment through their platform. This will cost me a little money for withdrawal fees. Personally, I prefer to receive payments through my personal address, as it is easier to manage  Wink

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March 26, 2021, 01:01:55 PM
 #643


... but the platforms on which we receive our income must be trusted.

Not all, but most of the platforms promoting through signature campaigns on these forums are reputable. They spend thousands of dollars each week on advertising, there's no way they can scam your little money  Cheesy


I agree, investing so much money in advertising would seems a bit weird when it is all just a scam. Many of the companies offering signature campaigns on the forum have been doing it for a long time. Ruining their good reputation just to scam a few fellows out of their precious coins is not a good business strategy. I am trusting the casinos that offer their services here and have run successful signature campaigns for years.
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March 26, 2021, 01:02:47 PM
 #644

... but the platforms on which we receive our income must be trusted.
Not all, but most of the platforms promoting through signature campaigns on these forums are reputable. They spend thousands of dollars each week on advertising, there's no way they can scam your little money  Cheesy


Exactly, the more they promote, the more members here will be noticing them, so they will scam, it would be easy to destroy their reputation as one red tag of their account, gamblers will already stay away from them, that's how big and supportive this community is, we are anti scam here but we support legit sites.

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March 26, 2021, 03:40:54 PM
 #645

... but the platforms on which we receive our income must be trusted.
Not all, but most of the platforms promoting through signature campaigns on these forums are reputable. They spend thousands of dollars each week on advertising, there's no way they can scam your little money  Cheesy


Exactly, the more they promote, the more members here will be noticing them, so they will scam, it would be easy to destroy their reputation as one red tag of their account, gamblers will already stay away from them, that's how big and supportive this community is, we are anti scam here but we support legit sites.
definitely is not a good idea for a scam to promote here, it'll be quite short-lived, as it happened before members of the forum are quite fast to investigate and identify these ones.

there are even topics and boards for scam accusations and alerts

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March 26, 2021, 07:00:39 PM
 #646

definitely is not a good idea for a scam to promote here, it'll be quite short-lived, as it happened before members of the forum are quite fast to investigate and identify these ones.
there are even topics and boards for scam accusations and alerts
But shit happened already... actually too many shitty things happened there...
can't even count with fingers LoL

Well, not all the signature campaing participants are wealthy Bitcoiners or Crytocurrency enthusiasts. Most of them are simply too lucky to have included their selves in a bounty campaign and not everybody gets that lucky chance. So since these not wealthy bounty participants have immediate needs in real life. The would obviously use their earnings and convert it to fiat to be used in the real world. I mean my friends do it all the time and I don't blame them. I though put them on my binance account.
Exactly, just like me, I am not wealthy and therefore I also spend a portion of my earning, of course I don't rely on signature campaign, I have a little business that helps me without my daily living but signature campaign earning are precious and very helpful since joining a campaign is no pressure at all, you are enjoying the forum while at the same time you make money.
I do advised you to play slots as there are game providers that offers low bets as low as $0.10, I always play that on FortuneJack even now, but a good thing has finally arrived in my case as there have been a new Online Gambling platform that has been created but only for us here (I think) lowest bet is 0.10 (PHP) so a dollar is already a hit as you can enjoy a long time of play.
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March 26, 2021, 07:46:44 PM
 #647

So since these not wealthy bounty participants have immediate needs in real life. The would obviously use their earnings and convert it to fiat to be used in the real world. I mean my friends do it all the time and I don't blame them. I though put them on my binance account.
If you entered the market recently then you might not the holding much assets, many like me were lucky enough to enter the market at an early stage and was active in mining and invested in some major projects and these are assets which i wont be selling everything as i am having a sustainable job along with my investment and if i join a campaign i might be using everything to gamble.
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March 26, 2021, 09:29:40 PM
 #648

Both has a point about the fees and as well as keeping it on our private wallets. If you're too conscious for the fees, you wait until the fee goes down.
But if you value your coin and you want to transfer it to your own wallet and don't care about the fee, you do it.
Some campaigns pay you through a personal address, but others pay through their platforms. I am working for a platform that make payment through their platform. This will cost me a little money for withdrawal fees. Personally, I prefer to receive payments through my personal address, as it is easier to manage  Wink
Oh yeah, that's another case that you're going to deal with. Some really are paying into their own platforms and that will cost you another amount for the fees.
They might have the fixed price fees as you want to transfer that to your own wallet.

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March 26, 2021, 09:33:07 PM
 #649

Both has a point about the fees and as well as keeping it on our private wallets. If you're too conscious for the fees, you wait until the fee goes down.
But if you value your coin and you want to transfer it to your own wallet and don't care about the fee, you do it.
Some campaigns pay you through a personal address, but others pay through their platforms. I am working for a platform that make payment through their platform. This will cost me a little money for withdrawal fees. Personally, I prefer to receive payments through my personal address, as it is easier to manage  Wink
Oh yeah, that's another case that you're going to deal with. Some really are paying into their own platforms and that will cost you another amount for the fees.
They might have the fixed price fees as you want to transfer that to your own wallet.
There's always a way to minimize the fee, if you are receiving bitcoin in your personal wallet or wallet such as electrum, then you should not withdraw everytime you receive your reward, maybe do it once in a month, that way you won't feel the transaction fee.

I'm paying like 1us  to 2 usd per transaction, and I think its okay as it could confirm in less than 24 hours, but I do it with timing when the network is not too congested and the fee will drop a bit.

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March 26, 2021, 09:54:26 PM
 #650

Both has a point about the fees and as well as keeping it on our private wallets. If you're too conscious for the fees, you wait until the fee goes down.
But if you value your coin and you want to transfer it to your own wallet and don't care about the fee, you do it.
Some campaigns pay you through a personal address, but others pay through their platforms. I am working for a platform that make payment through their platform. This will cost me a little money for withdrawal fees. Personally, I prefer to receive payments through my personal address, as it is easier to manage  Wink
Oh yeah, that's another case that you're going to deal with. Some really are paying into their own platforms and that will cost you another amount for the fees.
They might have the fixed price fees as you want to transfer that to your own wallet.
There's always a way to minimize the fee, if you are receiving bitcoin in your personal wallet or wallet such as electrum, then you should not withdraw everytime you receive your reward, maybe do it once in a month, that way you won't feel the transaction fee.

I'm paying like 1us  to 2 usd per transaction, and I think its okay as it could confirm in less than 24 hours, but I do it with timing when the network is not too congested and the fee will drop a bit.
There will be some that would always worry about the price of bitcoin and can't wait for a month or two to transfer. We really have differences in styles and techniques to save fees.
But you have suggested a good one that just consolidate your transfer to pay a lower fee every now and then.

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March 26, 2021, 10:15:17 PM
 #651

It seems that seeing from the poll results shows that the income we get from signature campaigns is mostly used for these three options.
Like being used for gambling, because gambling is part of my life and I can get entertainment from gambling. Then I also HODL some of
the income I get, because this year the market is very positive. So it must be a good thing if HODL some coins that I really consider profitable.
And finally, I also have the desire to buy the things I want, and buy some daily necessities. So surely I also spend part of the income I get
from signature campaigns to buy items that I really want.

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johhnyUA
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March 26, 2021, 10:21:54 PM
 #652

It seems that seeing from the poll results shows that the income we get from signature campaigns is mostly used for these three options.
Like being used for gambling, because gambling is part of my life and I can get entertainment from gambling. Then I also HODL some of
the income I get, because this year the market is very positive. So it must be a good thing if HODL some coins that I really consider profitable.
And finally, I also have the desire to buy the things I want, and buy some daily necessities. So surely I also spend part of the income I get
from signature campaigns to buy items that I really want.

You're going like half to half on Hold and gambling? Most signature companies paying not so much, so this will be like 30 dollars on gambling and 30 on HODL  Smiley But anyway, still better than nothing (the same as if you would spent everything on gambling)

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March 26, 2021, 11:06:10 PM
 #653

It seems that seeing from the poll results shows that the income we get from signature campaigns is mostly used for these three options.
Like being used for gambling, because gambling is part of my life and I can get entertainment from gambling. Then I also HODL some of
the income I get, because this year the market is very positive. So it must be a good thing if HODL some coins that I really consider profitable.
And finally, I also have the desire to buy the things I want, and buy some daily necessities. So surely I also spend part of the income I get
from signature campaigns to buy items that I really want.

Very well since it's your money then you are free to what intent you wanted to spend your signature earnings. Allocate portions by portions of your money is the best way to enjoy.

There are people who wanted to choose only one and there are people who have the same mindset like you, choosing to split and enjoy the rest of their earnings.

All have something to save, that's very practical not just to enjoy but also to secure decent amount for your future.

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March 27, 2021, 07:49:08 AM
 #654

They might have the fixed price fees as you want to transfer that to your own wallet.
I think you have misinterpreted this matter. They don't make profit through the fees you pay when you withdraw your money. It is the fee you pay miners to make deposit/withdrawal transactions. It is like sending BTC to another address and you have to pay fees. Do you understand? Don't think they profit from it, it's a mistake  Wink
I'm paying like 1us  to 2 usd per transaction, and I think its okay as it could confirm in less than 24 hours, but I do it with timing when the network is not too congested and the fee will drop a bit.
I also aim to swap BTC to other currencies to minimize transaction fees. ETH could be a good choice (higher in this time). But I have a better option, XRP, although not all casinos support XRP withdrawals.

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March 27, 2021, 08:44:54 AM
 #655

They might have the fixed price fees as you want to transfer that to your own wallet.
I think you have misinterpreted this matter. They don't make profit through the fees you pay when you withdraw your money. It is the fee you pay miners to make deposit/withdrawal transactions. It is like sending BTC to another address and you have to pay fees. Do you understand? Don't think they profit from it, it's a mistake  Wink
I'm paying like 1us  to 2 usd per transaction, and I think its okay as it could confirm in less than 24 hours, but I do it with timing when the network is not too congested and the fee will drop a bit.
I also aim to swap BTC to other currencies to minimize transaction fees. ETH could be a good choice (higher in this time). But I have a better option, XRP, although not all casinos support XRP withdrawals.

basically the same thing as what he meant. it's just saving the coins they earn from the platform to their personal wallet. they better just save the coins in the platform for awhile till another payday. one withdrawal for about 4 weeks/paydays, that will save them more at least.

its cheaper to swap BTC with TRX. not all casinos however have some kind of internal exchange that still forces you to withdraw BTC.









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March 27, 2021, 10:55:54 PM
 #656

They might have the fixed price fees as you want to transfer that to your own wallet.
I think you have misinterpreted this matter. They don't make profit through the fees you pay when you withdraw your money. It is the fee you pay miners to make deposit/withdrawal transactions. It is like sending BTC to another address and you have to pay fees. Do you understand? Don't think they profit from it, it's a mistake  Wink
Not that really but thanks for that. IIRC, there were some that actually have a fixed price in fees and that's what I've thought of them when I've read the other gamblers told that they have that type of fee. But you are right that the fees which are dynamic, they're the actual miners fee.

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March 28, 2021, 04:12:19 AM
 #657

It seems that seeing from the poll results shows that the income we get from signature campaigns is mostly used for these three options.
Like being used for gambling, because gambling is part of my life and I can get entertainment from gambling. Then I also HODL some of
the income I get, because this year the market is very positive. So it must be a good thing if HODL some coins that I really consider profitable.
And finally, I also have the desire to buy the things I want, and buy some daily necessities. So surely I also spend part of the income I get
from signature campaigns to buy items that I really want.

In my opinion this year a majority of people will be holding their coins rather than spending it for gambling. This of course is more applicable to those members who are directly getting paid in their personal wallet. Those who are getting paid on the platform will be using 50 percent for gambling and the rest 50 for holding.

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March 28, 2021, 05:07:29 AM
 #658

I haven't really earned a lot in my signature campaign as I am still a neophyte in the signature campaign so I will do the best course and just hodl it until it reaches a desired amount and maybe do some gambling myself to try and make some money.
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March 28, 2021, 05:55:35 AM
 #659

For me my earnings gets planned for before it comes. I ensure I keep a certain percentage for investment and a fraction for gambling. Although everyone has his or own monetary plans and priority. I believe more on investing although it could be in various forms. Gambling could also be a form of informal investment scheme although in this form of investment caution is highly recommended for proper risk management of every earned coin
Wexnident
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March 28, 2021, 06:15:59 AM
 #660

You're going like half to half on Hold and gambling? Most signature companies paying not so much, so this will be like 30 dollars on gambling and 30 on HODL  Smiley But anyway, still better than nothing (the same as if you would spent everything on gambling)
Hey it's better than nothing, at least there's something. I consider my signature earnings as simply beer money tbh, so I just use it for whatever stuff I really want. Used to buy some tennis gear last year and now I'm using the money earned to buy a few stuff that helps me in drawing. I'd use it in gambling if I had a proper job right now but I'm still job hopping here and there so there isn't really any guarantee that I could.

There's always a way to minimize the fee, if you are receiving bitcoin in your personal wallet or wallet such as electrum, then you should not withdraw everytime you receive your reward, maybe do it once in a month, that way you won't feel the transaction fee.

I'm paying like 1us  to 2 usd per transaction, and I think its okay as it could confirm in less than 24 hours, but I do it with timing when the network is not too congested and the fee will drop a bit.
That, or just move it to a coin that's cheaper to transact with. People get paid in their wallets directly anyway, so that should be cheaper, even if you don't really wait fora month or two (Though waiting, then converting would comparatively be cheaper). There are campaign sigs though that give out payments on the accounts of the users they created on their gambling site, so the waiting for a month should apply quite well there.

R


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