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Question: What do you do with your earned crypto?
Gamble it! - 20 (11.4%)
HODL of course. - 42 (23.9%)
Spend it/Convert to USD. - 26 (14.8%)
I do all three! - 88 (50%)
Total Voters: 176

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Author Topic: Gamblers - How do you use your signature campaign earnings?  (Read 5328 times)
Woodie
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April 17, 2021, 08:57:48 PM
 #821

If payments are sent to my personal wallet I always convert the coins into USD to avoid losing on value when price goes down otherwise i HODL it for future use

But if payments go into the casinos wallet where my funds are held I gamble it to try reach the minimum withdraw limit set by them which seems to be quite high on some of these platforms and disadvantages those with lesser funds who try to grow these accounts which ends in losing all funds to the casino.

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April 17, 2021, 09:01:41 PM
 #822

Every week the Payment gets credited mind doesn't stay within control. It starts to beat high, and a question arises why don't we give a try. This continues, and over the past few weeks earnings haven't got used for me. All the funds were spend on gambling. I used to secure sending it to the vault, but used to withdraw once the main account gets busted. Hoping for better weeks and develop self control.


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April 17, 2021, 09:33:40 PM
 #823

I do not know if it is such a good idea to try trading right now, you can earn more money with it than with investing but when just holding your bitcoin is so profitable then why risk it? Just keep your coins and enjoy the profits we have had during the last year, this can be difficult to accept because most people have a desire to get more and more profits but the profits that something like bitcoin has given just in this year are so high that many investors never get to enjoy something like this during all their careers as investors.
It's okay to trade it if you're thinking of doing some trades. You don't have to use all that you've got from campaigns but get a little portion or any amount that you think is a good start.
You can do both of it, the other part for trading and the others is for holding.



.
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[15.00000000 BTC]


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Rainbot
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April 17, 2021, 09:54:23 PM
 #824

I do not know if it is such a good idea to try trading right now, you can earn more money with it than with investing but when just holding your bitcoin is so profitable then why risk it? Just keep your coins and enjoy the profits we have had during the last year, this can be difficult to accept because most people have a desire to get more and more profits but the profits that something like bitcoin has given just in this year are so high that many investors never get to enjoy something like this during all their careers as investors.
It's okay to trade it if you're thinking of doing some trades. You don't have to use all that you've got from campaigns but get a little portion or any amount that you think is a good start.
You can do both of it, the other part for trading and the others is for holding.

I guess holding is way better, what we earn in signature campaign is not big enough to start a trading, if we are serious with trading, we need to start with serious funds so we can roll it easy with a decent profit. Holding what we earn like 1 to 2 years would already be a big money in the bull run.

For me, gambling, holding, and spending some, that's what I do, at the moment, I don't care of holding as most campaign are pegged with usd and we are only getting small btc due to the high price.

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April 17, 2021, 09:59:40 PM
 #825

I do not know if it is such a good idea to try trading right now, you can earn more money with it than with investing but when just holding your bitcoin is so profitable then why risk it? Just keep your coins and enjoy the profits we have had during the last year, this can be difficult to accept because most people have a desire to get more and more profits but the profits that something like bitcoin has given just in this year are so high that many investors never get to enjoy something like this during all their careers as investors.
It's okay to trade it if you're thinking of doing some trades. You don't have to use all that you've got from campaigns but get a little portion or any amount that you think is a good start.
You can do both of it, the other part for trading and the others is for holding.

I guess holding is way better, what we earn in signature campaign is not big enough to start a trading, if we are serious with trading, we need to start with serious funds so we can roll it easy with a decent profit. Holding what we earn like 1 to 2 years would already be a big money in the bull run.

For me, gambling, holding, and spending some, that's what I do, at the moment, I don't care of holding as most campaign are pegged with usd and we are only getting small btc due to the high price.

You cant say that it isnt really enough for someone to make out some trades out of those signature campaign payment which it is still a bit  better rather than pulling out some on your own pocket.

Getting $100 isnt really that too long for you to get and saved where you can get it on a few weeks which when you are starting then this capital would really be worth if you do intent to make out some trades.

When it comes to usage of your sig pay then this will always vary since not all people would be having the same mindset or plans in life.

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April 17, 2021, 11:11:26 PM
Merited by xandry (2)
 #826

... I don't care of holding as most campaign are pegged with usd and we are only getting small btc due to the high price.

Yeah, so what? It's still BTC.
That may be a small amount now, but you don't know how much it can be worth in a few months or a year. Try to calculate how much you would have now if you saved all your campaign earnings in just one year. You might be surprised.  Wink

I'll give you a hint:
Quote
Wow! Buying $50 of Bitcoin every week for 1 year starting 1 year ago would have turned $2,650 into $10,708 (+304%)
source: https://dcabtc.com

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April 18, 2021, 09:04:53 AM
 #827

I do not know if it is such a good idea to try trading right now, you can earn more money with it than with investing but when just holding your bitcoin is so profitable then why risk it? Just keep your coins and enjoy the profits we have had during the last year, this can be difficult to accept because most people have a desire to get more and more profits but the profits that something like bitcoin has given just in this year are so high that many investors never get to enjoy something like this during all their careers as investors.
It's okay to trade it if you're thinking of doing some trades. You don't have to use all that you've got from campaigns but get a little portion or any amount that you think is a good start.
You can do both of it, the other part for trading and the others is for holding.

I guess holding is way better, what we earn in signature campaign is not big enough to start a trading, if we are serious with trading, we need to start with serious funds so we can roll it easy with a decent profit. Holding what we earn like 1 to 2 years would already be a big money in the bull run.

For me, gambling, holding, and spending some, that's what I do, at the moment, I don't care of holding as most campaign are pegged with usd and we are only getting small btc due to the high price.
For me it's better to start with the little amount and it's also part of your practice. But at the end, you're right that you can do all of them, gamble, hold, trade and spending it.
As long as you're responsible with all of those, whichever is your main goal and the activities that you're doing you know what you do.



.
.BIG WINNER!.
[15.00000000 BTC]


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Rainbot
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April 18, 2021, 04:44:59 PM
 #828

... I don't care of holding as most campaign are pegged with usd and we are only getting small btc due to the high price.

Yeah, so what? It's still BTC.
That may be a small amount now, but you don't know how much it can be worth in a few months or a year. Try to calculate how much you would have now if you saved all your campaign earnings in just one year. You might be surprised.  Wink

I'll give you a hint:
Quote
Wow! Buying $50 of Bitcoin every week for 1 year starting 1 year ago would have turned $2,650 into $10,708 (+304%)
source: https://dcabtc.com
Exactly, especially with this dip signature campaigns even with a small BTC amount are very attractive if you believe in BTC long-term, which I definitely do. Also some other Altcoin signature campaigns have shown an incredibly raise, also in the last months.
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April 18, 2021, 05:04:58 PM
 #829


It's true, never underestimate the small income we get from signature campaigns. Because if collected in the long run, indeed the results can be
surprising. Especially now that the price of Bitcoin continues to rise, so I always collect the income I get from the signature campaign. Because if
we spend the income we get it will feel very small, but if we continue to collect it for at least a year, will be able to surprise us. From your illustration
it is very clear that if we are patient within a year of collecting our income, can make a lot of money.
Well it doesnit matter if it is a small portion of income that you have earn here in signature campaign because when this small amount get accumulated it would be a huge amount too. In fact, if I would be join in campaign where the salary that they would be given was bitcoin and even if it was only cost as much as $.50 to $1 then it is much better than nothing and I will be glad to join in that campaign. In my case I used to save my earnings in signature campaign because I was planning to invest it in Bitcoin.

Keeping your campaign earnings is really good, it's just a matter of how well you understand the opportunities.
Keeping it as bitcoin or trying to use it if your salary are inside your campaign site wallet.

Always realies with how you see this money, either to use it to have some entertainment or use it in much betterways such as trading or investing to your chosen project/asset.



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April 18, 2021, 05:38:54 PM
 #830

I do not know if it is such a good idea to try trading right now, you can earn more money with it than with investing but when just holding your bitcoin is so profitable then why risk it? Just keep your coins and enjoy the profits we have had during the last year, this can be difficult to accept because most people have a desire to get more and more profits but the profits that something like bitcoin has given just in this year are so high that many investors never get to enjoy something like this during all their careers as investors.
It's okay to trade it if you're thinking of doing some trades. You don't have to use all that you've got from campaigns but get a little portion or any amount that you think is a good start.
You can do both of it, the other part for trading and the others is for holding.

I guess holding is way better, what we earn in signature campaign is not big enough to start a trading, if we are serious with trading, we need to start with serious funds so we can roll it easy with a decent profit. Holding what we earn like 1 to 2 years would already be a big money in the bull run.

For me, gambling, holding, and spending some, that's what I do, at the moment, I don't care of holding as most campaign are pegged with usd and we are only getting small btc due to the high price.

I would partially disagree with that because it all depends on what are the pay rates of the signature campaign.
If the amount for the week is really low to trade then we can collect it for a month then trade with it while holding the amount for the rest of the months.
If someone is really good at trading then he can easily convert that amount to a big amount in just a few months.
Also, he has the option to leverage his trades if he is a good trader.

I have also done the same thing in the past but I am a bad trader which is why I left trading.
I just hold for long term but at the same time I would have used my campaign earnings for trading if I was good at trading.

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April 18, 2021, 05:55:24 PM
 #831

Keeping your campaign earnings is really good, it's just a matter of how well you understand the opportunities.
Keeping it as bitcoin or trying to use it if your salary are inside your campaign site wallet.

I think it also highly depends on the entire market situation at the moment you receive your signature campaign bounties. If the market is at a peak it may be useful to sell them immediately. If we are at a low it is recommend to hold your earnings to double them in the course of bull market.

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April 18, 2021, 06:18:19 PM
 #832

Very simple: all earnings on "black"! Tongue No, you are right because the bull run turns out to be so valuable even for minor income in BTC that it is worth holding onto some of the earnings for sure. When you say "trading" are you a day trader? That is also a kind of gambling I would say.
Too many discussions about trading and gambling about its differences and similarities. Having that said, you're right that with small amount of btc that were accumulated became larger these days.
Knowing that bitcoin has reached to $64k and then became $62k later which is still another all time high that has been reached.
We will then see the $70k soon but $100k is really possible, the bullishnesh of the market this season is way bigger compared to the past and I think to be more optimistic too that $100k is possible. For my earning, I don't really hold or accumualte now, I spent it since it does not fit with my principle to accumuate at bull run even if I only earn it, still considered it as accumulation.
Everything is possible. Just think about how many % of BTC total supply is in the hands of big players now. I bet the exchanges control up to 50% of all BTC in circulation. They can push the price to wherever they want to push it. And they certainly will at some point.
They are indeed on exchanges but the question is, are they 100% the owner of such number of BTC circulatjng in the platform? But well of course they have the upper hand but still I don't think they'll even use that to their advantage to oump or dump the value.
And as the Gambling Industry now I think they have atleast the remaining 30% of the whole supply. Pandemic really did help to increase this holding on platforms.

Exchanges are the real gold mines these days. Imagine taking 0.25% two sides from every single trade all day long from all coins traded on that exchange. There are a lot of huge exchanges with huge volumes. Take the volume, 0.5% of it and you know how much crypto value is going into exchanges' pockets every single day.
That's an enormous amount. Those who provide the infrastructure these days also control the supply. I am sure about that.

Once you control the supply, you can also impact the demand by holding coins back strategically, making it seem more scarce for a while than it actually is.

these fees that exchanges charge is very high, the biggest headache that I have faced when I do day trade is precisely those high fees that exchanges charge. exchanges are the same as casinos they always profit and change rules whenever they find it convenient. unfortunately i just see a scenario where in the future everything is worse. fortunately my winnings from gambling I use in the real world, buy food and have fun


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April 18, 2021, 06:48:20 PM
 #833

Keeping your campaign earnings is really good, it's just a matter of how well you understand the opportunities.
Keeping it as bitcoin or trying to use it if your salary are inside your campaign site wallet.

I think it also highly depends on the entire market situation at the moment you receive your signature campaign bounties. If the market is at a peak it may be useful to sell them immediately. If we are at a low it is recommend to hold your earnings to double them in the course of bull market.
I prefer to move payments to signature campaigns that enforce payouts via gambling sites to my personal wallet after the campaign is over, because I don't have gambling skills and I prefer to be safe because if I play and lose the payouts will go back to the gambling site.
and after accumulating I will sell it when the price goes up high and if the price doesn't go up I will wait and hold it until the price goes up and multiply it.

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April 18, 2021, 06:51:50 PM
 #834

... I don't care of holding as most campaign are pegged with usd and we are only getting small btc due to the high price.

Yeah, so what? It's still BTC.
That may be a small amount now, but you don't know how much it can be worth in a few months or a year. Try to calculate how much you would have now if you saved all your campaign earnings in just one year. You might be surprised.  Wink

I'll give you a hint:
Quote
Wow! Buying $50 of Bitcoin every week for 1 year starting 1 year ago would have turned $2,650 into $10,708 (+304%)
source: https://dcabtc.com
Exactly, especially with this dip signature campaigns even with a small BTC amount are very attractive if you believe in BTC long-term, which I definitely do. Also some other Altcoin signature campaigns have shown an incredibly raise, also in the last months.

Yes, indeed. It really makes me happy when bitcoin drops a bit before the manager calculates the weekly payments for the signature campaign. I know it's not much, but still. It will be good to see that I received more than expected when the price resumes its upward trend.

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April 19, 2021, 10:08:58 PM
 #835

Not everyone is a gambler where they do make use of their signature campaign when the time they do received out their signature campaign payment.

Just like me I do accumulate those pays for some weeks before making some withdrawal because most of them do almost ask out $10 when you do tend to make a withdrawal
which it isn't really worth at all.So better pay in one go.

Last, its not ideal to make it as your main wallet but making it as a temporary then it isn't a bad idea after all.
I disagree with you, most of people advertising gambling sites are gamblers because those campaigns usually ask to post numerous messages in the gambling section, then it would mean those people are spammers... Don't you think so?

You do not need to be a gamble to post in this section, there are many topics that do not require you to gamble, however it would not feel honest to me if I did not at least do some form of gambling. In my case I like Poker, which I do not exactly consider gambling but rather a game of wits. Of course the house takes a cut, they are organising and yes, luck plays a part on it, but overall is quite a hard and perhaps mathematical challenge. Sometimes I also indulge in football betting.

I would say that I am not a spammer, as I intend to contribute in some way to every discussion I take part it.
I'm sorry but this section is called Gambling discussion as you can see above, so I don't understand how topics could belong to this section if they are not talking about gambling  Huh That should be some Off-Topic threads that need to be closed or sent elsewhere.
I don't know if your BM is aware that you are posting here while not being a real gambler paxmao but you should be very careful because some DT are now tagging spammers/shitposters and several regular members from this section have already been tagged.


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April 20, 2021, 03:45:47 PM
 #836

Exchanges are the real gold mines these days. Imagine taking 0.25% two sides from every single trade all day long from all coins traded on that exchange. There are a lot of huge exchanges with huge volumes. Take the volume, 0.5% of it and you know how much crypto value is going into exchanges' pockets every single day.
That's an enormous amount. Those who provide the infrastructure these days also control the supply. I am sure about that.

Once you control the supply, you can also impact the demand by holding coins back strategically, making it seem more scarce for a while than it actually is.
There is no doubt that exchanges have a huge influence over the market, one thing that I noticed is that exchanges have the tendency to malfunction when there is a big drop in the market and there are a few exchanges in which this already happened just before a crash and people lost money in the process, they can use any excuse they may like but the truth is that they have so much power that they can indirectly manipulate the price and yet still be paid to do so.



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April 24, 2021, 11:41:49 AM
 #837

If payments are sent to my personal wallet I always convert the coins into USD to avoid losing on value when price goes down otherwise i HODL it for future use

Exactly what I am doing for a long time. Always try to join Btc paid signature campaign because or getting payment ensuring from reputed manager. Otherwise, I hardly join altcoins paid campaign. After getting paid on Btc on my wallet, I often do the same thing as you mentioned to convert on USD for avoid of losing funds.

Quote
But if payments go into the casinos wallet where my funds are held I gamble it to try reach the minimum withdraw limit set by them which seems to be quite high on some of these platforms and disadvantages those with lesser funds who try to grow these accounts which ends in losing all funds to the casino.

I got a payment few days back on casino's wallet and the withdrawal fees are so high which is more than my one week's payment. Unfortunately that was the last week whenever I joined that campaign. So, I can't withdraw my funds till now. I think for hunters, it should be free for withdrawal the funds for a certain period.

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April 24, 2021, 05:35:48 PM
 #838

Keeping your campaign earnings is really good, it's just a matter of how well you understand the opportunities.
Keeping it as bitcoin or trying to use it if your salary are inside your campaign site wallet.

I think it also highly depends on the entire market situation at the moment you receive your signature campaign bounties. If the market is at a peak it may be useful to sell them immediately. If we are at a low it is recommend to hold your earnings to double them in the course of bull market.
I prefer to move payments to signature campaigns that enforce payouts via gambling sites to my personal wallet after the campaign is over, because I don't have gambling skills and I prefer to be safe because if I play and lose the payouts will go back to the gambling site.
and after accumulating I will sell it when the price goes up high and if the price doesn't go up I will wait and hold it until the price goes up and multiply it.
It's a great way to save your earnings as you are saving your income until the bounty or the campaign ends. Most of the campaign runs for a few weeks while there are campaigns that runs for months and being able to save all your accumulated income takes alot of patience. Most of the time, I withdraw my funds as soon as the campaign pays weekly and especially when it has been sent via the site wallet.

Also, you will be saving some $$ on the withdrawal fee as most of these campaign site wallet doesn't offer free withdrawal which saves them money and cost us the participants. This is also one the reason why I gamble my earnings first and try to multiply my income.

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April 24, 2021, 05:48:09 PM
 #839

Yes, indeed. It really makes me happy when bitcoin drops a bit before the manager calculates the weekly payments for the signature campaign. I know it's not much, but still. It will be good to see that I received more than expected when the price resumes its upward trend.
With the bitcoin price now is down, you can get more satoshi than usual, and if you can hold it for a while until the price can back increase to $60k, you can make more money by selling the bitcoin. But if you use that income to gamble and lose, that can not make you have the money. But I guess some people will convert their bitcoin into an altcoin to still play gambling without thinking about the price.


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April 24, 2021, 05:56:23 PM
 #840

I got a payment few days back on casino's wallet and the withdrawal fees are so high which is more than my one week's payment. Unfortunately that was the last week whenever I joined that campaign. So, I can't withdraw my funds till now. I think for hunters, it should be free for withdrawal the funds for a certain period.
There is no difference between campaign participant and regular players on the site if they wish to withdraw fund from the site. The withdrawal fee will usually be borne by the user and it is usually like that. If you have objection, maybe you can exclude such campaign in the future and join only those campaigns that pay directly into your own wallet. Bitcoin and ethereum transaction fee are currently increasing, and you may be able to choose an altcoin withdrawal option (if any) as it has low transaction fee.

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