Do you gamble or do you collect Crypto-Currencies you earn?

serjent05

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Quote from: Arrakeen on July 08, 2016, 12:12:01 AM

With gambling you can never trust who is calling the shots (even if they say so)

With collecting, the hardest part is holding on to them if the price increases temporarily - keep holding & who knows how much profit you'll make. Buying crypto and selling at a slightly larger price is the hardest temptation to overcome.

This is true, you will never know if you will win or not if you are to gamble your hard earned BTC. And more likely if you are not that lucky, you will lose all of them.
Collecting is better and safer way to make your stash grow. You need a certain self restrain in order for you to accumulate succesfuly. We can see the tempation if the price increase to sell them but, having a goal for the maximum amount you need to collect before spending or encashinig them and the amount you will be encashing them is good.

Doamader

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When i played faucets i collected the satoshis then i tryed to maximizing it by the dice. Soo i were collecting the coins to then play i believe it were freebitcoin faucet.

torry28

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too bad OP didn't make 3rd option (both). first, i'll collect the alt coins , second, after i got decent amount of that alt coins, i'll gamble those (you know we need big bankroll to cover our loss in gambling)

BossMacko

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This past week i was doing both. I gamble with other crypto currencies and i am collecting Bitcoin in my Bitcoin wallet for safe keeping and for price to go high. I get Doge coin through exchanging it to Bitcoin and i double my doge coin then exchange half again to Bitcoin .That's how i gamble and collect crypto currencies.

StoreBit

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up to now i was struggling to collect and hold for having. and now i will use it in gambling and so many other healthy activities. i will change some of them in to my local currency as we cannot directly use bitcoin here. so as to do some shopping.

ultrloa

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Quote from: pooya87 on July 10, 2016, 12:48:47 AM

Quote from: xavier77 on July 06, 2016, 10:44:38 PM

Newbies are seen to gamble whatever they earn daily for increase in balance. They might lose what they earn. Some advanced players keep collecting and saving their balance and make an appreciable sum. Which is apt for you? What do you do?

i always keep what i earn and for gambling i have a separate stash that has a fixed amount for each week in it and i only gamble with that much bitcoin and nothing more. that way i am keeping my gambling habits under control and i don't lose much in the process.

Well thats good for you but for me is different since i need money on weekly basis so my little winnings are intended to use for cash out and i dont really want to left my coin stuck in gambling site becauseni dont want to lose money if they will be bankrupt and also i dont really gamble with alts because i dont want to stake some of them, i'm a fan kid with BTC.

pooya87

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Quote from: xavier77 on July 06, 2016, 10:44:38 PM

Newbies are seen to gamble whatever they earn daily for increase in balance. They might lose what they earn. Some advanced players keep collecting and saving their balance and make an appreciable sum. Which is apt for you? What do you do?

i always keep what i earn and for gambling i have a separate stash that has a fixed amount for each week in it and i only gamble with that much bitcoin and nothing more. that way i am keeping my gambling habits under control and i don't lose much in the process.

Daffadile

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Quote from: emberbekas on July 08, 2016, 04:42:14 PM

Collect all the crypto currencies youve got is the best way to gain some profit from the net. But, dont forget to always look at the price fluctuation. Convert it to your local currency when the price looks too high to you

If you covert to fiat at the right time you can reduce gambling loses as well. Then gamble and collect winnings.
Some crypto you can collect for free so it's a good idea and investing only costs your time.

emberbekas

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Collect all the crypto currencies youve got is the best way to gain some profit from the net. But, dont forget to always look at the price fluctuation. Convert it to your local currency when the price looks too high to you

BossMacko

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Quote from: xavier77 on July 08, 2016, 04:10:39 PM

Quote from: Arrakeen on July 08, 2016, 12:12:01 AM

With gambling you can never trust who is calling the shots (even if they say so)

With collecting, the hardest part is holding on to them if the price increases temporarily - keep holding & who knows how much profit you'll make. Buying crypto and selling at a slightly larger price is the hardest temptation to overcome.

Yes, you said it. Collection always does not make us profit. It might be slow and value of BTC might fall

I keep telling myself to just collect all Bitcoin i get from many sites including the payment i get in signature campaign. But everytime i have Bitcoins in my Wallet i always send it in gambling wallet . I can't resist the urge to play and have fun in gambling. The result of this action is at the end of the day i don't have bitcoin left and just wasted my 1 week earned Bitcoin.

xavier77

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Xavier

Quote from: Arrakeen on July 08, 2016, 12:12:01 AM

With gambling you can never trust who is calling the shots (even if they say so)

With collecting, the hardest part is holding on to them if the price increases temporarily - keep holding & who knows how much profit you'll make. Buying crypto and selling at a slightly larger price is the hardest temptation to overcome.

Yes, you said it. Collection always does not make us profit. It might be slow and value of BTC might fall just as we see in halving. In that case, all these collecting were in vain . However, your method seems genuine and yes, negative profit is impossible with no risk but a great man said, " If you take no risk, you will never win something big"

Arrakeen

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With gambling you can never trust who is calling the shots (even if they say so)

With collecting, the hardest part is holding on to them if the price increases temporarily - keep holding & who knows how much profit you'll make. Buying crypto and selling at a slightly larger price is the hardest temptation to overcome.

crytoboost

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I am also doing gambling but with very low amount because I am not all in type of gambler, I know it is pretty hard to win from the house but when we do it just for fun than we can get good amount in return but I prefer to make them hold as my savings.

roadbits

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Quote from: Erza on July 07, 2016, 11:11:22 PM

Quote from: znickelbackz on July 07, 2016, 11:29:13 AM

many people get poor from the first option: gamble, and many people get rich from the second option: collect. sorry, i choose the rich path, and it's funnier.

Actually it depends on how dare do you take the risk, if you are dare enough to take some risk gamble your money (high risk high return) and you will have possibility to lose everything or earn good but if you are not dare enough take second choice (really slow but sure). So it is your choice to choose, because both is really worth to take

Yes in gambling many gamblers become very sick I agree on this. But only a few people can become rich in gambling. But those are made coins from Jackpot games. Not usual games because in regular games we don't have that much chance to win our bet. I usually keep my coins in my wallet I will not lose more coins in gambling.

Erza

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Quote from: znickelbackz on July 07, 2016, 11:29:13 AM

many people get poor from the first option: gamble, and many people get rich from the second option: collect. sorry, i choose the rich path, and it's funnier.

Actually it depends on how dare do you take the risk, if you are dare enough to take some risk gamble your money (high risk high return) and you will have possibility to lose everything or earn good but if you are not dare enough take second choice (really slow but sure). So it is your choice to choose, because both is really worth to take

Junko

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I gamble with bitcoins and I also accumulate bitcoins by buying, sig/av campaign as well as from gambling(mostly poker) winnings.

My bitcoin gambling bankroll is separate from the rest of my bitcoin hodlings. Both are independent of each other.

npredtorch

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Well, it was pretty nice to do both. I kept about 75% of my bitcoin on a wallet and put 25% on any gambling site ( often put and play on PD ). There are certain instances where I got so lucky and have earned a lot from that 25% bitcoin capital. Winnings will be put on my wallet and re start betting again using the 25% starting amount.

European Central Bank

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bit of both. i also buy stuff with it too. it's effectively free money for me as i'd post here anyway so my attitude towards it is a little different than if i felt i'd earned it.

ralle14

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Quote from: xavier77 on July 06, 2016, 10:44:38 PM

Newbies are seen to gamble whatever they earn daily for increase in balance. They might lose what they earn.

You can call those newbies as risk takers.

Quote from: xavier77 on July 06, 2016, 10:44:38 PM

Some advanced players keep collecting and saving their balance and make an appreciable sum. Which is apt for you? What do you do?

I earn some and gamble some but i only risk amounts that i could really afford to lose and look at the amount as if its not that big of a deal for me.

BitMaxz

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Quote from: xavier77 on July 07, 2016, 11:34:03 AM

Quote from: znickelbackz on July 07, 2016, 11:29:13 AM

many people get poor from the first option: gamble, and many people get rich from the second option: collect. sorry, i choose the rich path, and it's funnier.

The reverse is true too. Many people gamble and win big while some with 10-20BTC balance hardly collect 0.02BTC in 3-4 months. However, your opinion should not be questioned. Thank you for your valuable response

Your right but its more risky if you gamble than in collecting and save it for a long time making more profit if you hold for too long..
So i prefer to collect if you want to make rich in the future. just collect and save and you will see your bright future..

Topic: Do you gamble or do you collect Crypto-Currencies you earn? (Read 1401 times)