Why some people never withdraw their forum rewards?

[wngo123]

I noticed some people withdraw their forum rewards to stake as soon as they reach 2000 satoshi which is the minimum amount you can withdraw. Others wait to accumulate more until they have 5000 - 10000. Some people prefer to withdraw 20k - 50k. But I noticed that some people never withdraw their forum rewards or at least that’s how it looks like. Some of you guys have hundred thousands of satoshi and still didn’t withdraw to stake. I think at some point I have seen someone with one million.

 

Do you plan to ever play with that money when you finally withdraw to stake or you just want to reach let’s say $100 with forum rewards and then just withdraw to your bitcoin wallet?  And if this is the case then I don’t think we are talking about gambling anymore. This is for sure not gambling. Don’t get me wrong, I really admire forum users with such large amount of forum rewards. You did a lot of work on the forum and keep it alive. It’s your rewards so you have full right to do what you want with it, but..I’m just curious because it takes a lot of time to earn so many forum rewards even if you are very active on the forum that still it takes a lot of time, so if you withdraw such large amount and begin to play and bust, it would be really painful. In my opinion even more painful that loosing your deposit because you just busted months of your forum activity. Do you plan to just withdraw your forum rewards to your bitcoin wallet or do you plan to gamble your months of forum activity lol? Maybe gamble something that you earned so hard is even more thrilling than gambling your deposit.

[Babagucci]

If I had more self control I would build up my balance to. Unfortunately that's not the case at the moment so I tend to withdraw my Satoshi when I get to the 10,000 mark. But the users that do have those large balances are doing it smart I guess you could consider it as a form of investing their Bitcoin by hodling

[cryptofly]

Gambling, this is the use for  this forum rewards.  I am sure everybody is using the forum rewards to gamble, some users likes to bet high other don`t and I think that is the reason why some users "save" the coins here and wait until they have an important balance, then withdraw from forum and gamble it.  That is what I would do, but my greed is beyond my savings and every time I can I take this coins and go to Video POker or Keno.  This is a gambling site, we all are gamblers so, in my opinion, all coins are going to be gambled sooner or later.  Good luck !

[bobdole]

I withdraw as soon as I get to the 2000 mark since I really only post when I'm busted haha.

Some reasons for not withdrawing would be if you're saving up, already have a balance and just posing for fun, or perhaps some people consider this to be a job as a few have hundreds of thousands saved up.

[Mistake]

Man its like a Sell btc, You earn while btc down and when btc was up maybe they will cashout and with draw thats more expensive

[sorcebet]

I think they have a lot of patience, maybe they want to have a solid balance  to withdraw it directly without betting it.

[nuuuitsjdragon]

I wish I was one of those with a few hundred thousand satoshi(s) saved up but alas, instant gratification always gets me and I use the Pay-per-Post rewards as a replacement for the faucet.

Whenever I feel like playing for fun at Stake or test out some crazy strategies, I’d withdraw them and see how far I can snowball the amount to. 

At this moment my record is only about 400k sats from 10k sats so only about a meagre 40x of the starting amount...

One day, I hope to achieve 1000x - 10000x my initial balance so let’s see if I eventually have the luck! 😂

[ivaylo2000]

And I was asking the same question.

In my opinion, they use their balance from the forum for something like a savings account or a rescue account to help with any losses.

In principle, it is better to transfer satoshi to the casino when there is a bigger amount but personally I can not scratch a big balance in the forum and transfer small amounts

[sichaoeloem]

2 hours ago, Mistake said:

Man its like a Sell btc, You earn while btc down and when btc was up maybe they will cashout and with draw thats more expensive

yeah its true mista 🤣 earn while down and withdraw while while btc up its like a save to your vault in game

[Paecga129]

6 hours ago, wngo123 said:

I noticed some people withdraw their forum rewards to stake as soon as they reach 2000 satoshi which is the minimum amount you can withdraw. Others wait to accumulate more until they have 5000 - 10000. Some people prefer to withdraw 20k - 50k. But I noticed that some people never withdraw their forum rewards or at least that’s how it looks like. Some of you guys have hundred thousands of satoshi and still didn’t withdraw to stake. I think at some point I have seen someone with one million.

 

Do you plan to ever play with that money when you finally withdraw to stake or you just want to reach let’s say $100 with forum rewards and then just withdraw to your bitcoin wallet?  And if this is the case then I don’t think we are talking about gambling anymore. This is for sure not gambling. Don’t get me wrong, I really admire forum users with such large amount of forum rewards. You did a lot of work on the forum and keep it alive. It’s your rewards so you have full right to do what you want with it, but..I’m just curious because it takes a lot of time to earn so many forum rewards even if you are very active on the forum that still it takes a lot of time, so if you withdraw such large amount and begin to play and bust, it would be really painful. In my opinion even more painful that loosing your deposit because you just busted months of your forum activity. Do you plan to just withdraw your forum rewards to your bitcoin wallet or do you plan to gamble your months of forum activity lol? Maybe gamble something that you earned so hard is even more thrilling than gambling your deposit.

Cuz they are smarter than you and I that is why.    And they save up their balance cuz when it’s big enough they are able to have more balance which we all know gives you better odds.   

[GKD09]

Haha I guess now I am one of those guys too  Tbh firstly I didn't know I could accumulate this much (in terms of sats), but just commenting on interesting discussions here and making few topics was all. I remember seeing other peoples forum rewards back then and saying thats nice.

Anyways, I try to think of this forum reward as bonus or like interest from a bank of money that I wasn't going to use - its more like a back up to me. I know it was somewhat of hard work, and would be frustrating to lose it all, but its something I wouldn't have got if there were no rewards or if I hadn't been on the forum. Since I have busted few times completely during few races and other times too, I think this reward would come in handy to save me possibly.

I am one who hates to see a very low balance especially after reaching a very high amount. If I had to see a 0, a faucet balance or even as low as 10k sats, I would be really annoyed by that. The last time I busted, I deposited a small amount busted that too, and then finally deposited a bigger amount but just to keep it there. For me if I had low balances I would always try to go all in, and it wouldn't mean much, but small small amounts count for something big, so depositing a bigger amount helps me not feel the need to just go all in so soon. This is probably where the forum rewards would come in handy for ME. 

So yeah I would gamble it, but on top of deposits and prev balance too - so probably not gamble all. Mainly to make me feel good about my balance  

[HighDamage]

10 hours ago, wngo123 said:

I noticed some people withdraw their forum rewards to stake as soon as they reach 2000 satoshi which is the minimum amount you can withdraw. Others wait to accumulate more until they have 5000 - 10000. Some people prefer to withdraw 20k - 50k. But I noticed that some people never withdraw their forum rewards or at least that’s how it looks like. Some of you guys have hundred thousands of satoshi and still didn’t withdraw to stake. I think at some point I have seen someone with one million.

 

Do you plan to ever play with that money when you finally withdraw to stake or you just want to reach let’s say $100 with forum rewards and then just withdraw to your bitcoin wallet?  And if this is the case then I don’t think we are talking about gambling anymore. This is for sure not gambling. Don’t get me wrong, I really admire forum users with such large amount of forum rewards. You did a lot of work on the forum and keep it alive. It’s your rewards so you have full right to do what you want with it, but..I’m just curious because it takes a lot of time to earn so many forum rewards even if you are very active on the forum that still it takes a lot of time, so if you withdraw such large amount and begin to play and bust, it would be really painful. In my opinion even more painful that loosing your deposit because you just busted months of your forum activity. Do you plan to just withdraw your forum rewards to your bitcoin wallet or do you plan to gamble your months of forum activity lol? Maybe gamble something that you earned so hard is even more thrilling than gambling your deposit.

everyone who does that (Stacking Forum Reward) has different reasons, for example, there is someone who gets Long red on his main account. so to continue the bet he needs a substantial amount of funds, which is why he collects the Reward Forum to the target he is aiming for.  
Or can he immediately make a withdrawal to his wallet

[SLFJ]

Some people have their own balance, funds to gamble with and do not need to withdraw them while they don't need it, whilst people like me withdraw when they get a chance just to check if they have the luck and can win up to their min withdrawal, I am currently trying to get the min. withdrawal, it's pretty hard but it's possible, I've done it a couple of times, but you have to try your best.

[williamshennie9]

Honestly, there is not much you can do with 2000 satoshis, or even 20,000 satoshis. I save up my rewards and when I have a decent amount, then I transfer them to Stake. It really is not worth withdrawing low amount in my opinion.

[dmbadillo10]

11 hours ago, wngo123 said:

I noticed some people withdraw their forum rewards to stake as soon as they reach 2000 satoshi which is the minimum amount you can withdraw. Others wait to accumulate more until they have 5000 - 10000. Some people prefer to withdraw 20k - 50k. But I noticed that some people never withdraw their forum rewards or at least that’s how it looks like. Some of you guys have hundred thousands of satoshi and still didn’t withdraw to stake. I think at some point I have seen someone with one million.

 

Do you plan to ever play with that money when you finally withdraw to stake or you just want to reach let’s say $100 with forum rewards and then just withdraw to your bitcoin wallet?  And if this is the case then I don’t think we are talking about gambling anymore. This is for sure not gambling. Don’t get me wrong, I really admire forum users with such large amount of forum rewards. You did a lot of work on the forum and keep it alive. It’s your rewards so you have full right to do what you want with it, but..I’m just curious because it takes a lot of time to earn so many forum rewards even if you are very active on the forum that still it takes a lot of time, so if you withdraw such large amount and begin to play and bust, it would be really painful. In my opinion even more painful that loosing your deposit because you just busted months of your forum activity. Do you plan to just withdraw your forum rewards to your bitcoin wallet or do you plan to gamble your months of forum activity lol? Maybe gamble something that you earned so hard is even more thrilling than gambling your deposit.

I guess some of the people just stack their forum balance until they need it.

I've done that on PD forum before. I withdrew like when I was at 400k forum sats. Well, its like putting coins on a piggy bank. That is if you will not itch to gamble. 😂😂😂

[yololife222]

Hey, well maby becose they try save up more so bigger chance to win more and withdraw it, perosnaly o saved up 120k but busted after withdrew it now im trying again hopfully i dont get mad and wont withdraw again...  

[Philip74]

I guess I am one of those that saves the forum satoshis and does not withdraw. There are several reasons for this. First of all, if I withdrew when I reached 2-5k and gambled them the most likely outcome would be to bust these within minutes, it is not a large enough balance to maintain it easily. Secondly, as the forum satoshis accumulate I like to think of it as my stash. If I bust and don't want to deposit for any reason I could always use these instead. Finally, how great would it be to actually accumulate a large amount (say 200-300k or more) and withdraw directly to wallet without gambling ?

[CheckTheTime]

It’s all self control once again. I myself would say have self control towards my crypto, I tend to also save up what I got and cash out all at once. My future plan for this is, I will be saving up to like an amount of 50k or so, then withdrawing half to my wallet. The rest would be playing around. But I don’t get that part where you said, people saving up for a lot just to lose it a few seconds. I’m sure people would be starting with their monthly savings on forums right?

[hillowner45]

Yeah saving up and accumulating is the smart thing to do lol. But this is a community of gamblers who are notorious for little to no self control which is why they are in this predicament in the first place haha. Its a long road to the withdrawal amount of 200k but if you have the patience and consistency you could easily reach there in a month.

[CntryBoy]

It is definitely the smart way to go if you already have enough balance to gamble with without dipping into your rewards.  I used to stack them up, but lately I have been taking out smaller amounts to try some new strats and have challenged myself to see what I can build with 20-25k sats.  So far I have had moderate success, so I just use them for experimenting.

[Kippo]

Maybe they don’t want to lose their contributions rewards at gambling. Saving in forum is better than withdraw. But I can’t done that before. I will try to save 200k or 300k at forum rewards one day but not now 

[jkd123]

Saving till they think enough to withdraw. Or till whenever they need to buy or pay something like their bills.

[jualid]

Maybe they just save the forum rewards like a bank and use it for emergency use, or when they busted they can withdraw their forum rewards to recover or simply to show off on the forum   

[Aazzah]

hey there wngo!

I honestly think that these people that save up their forum rewards balance are only doing it in case bitcoin prices go up... Or that they want to have something to fall back on if they're in rough situations. This is honestly a good idea and I think I should start doing this too because at the end of the day... It would probably be a really good idea. Because you never know... Bitcoin prices might shoot up to 20k$ over a week and you have 500k satoshi's in forum reward balance and you get an easy 75$+

Anyway that's why I think they save it up... Have a good day stakers and best of luck playing

[htetaungxx]

 they will withdraw when they really need for betting or somthing they need to use somwhere. or i think they save their balance at forum for some reason such as only for withdraw when next atleast 1  years when btc moon.