Be careful with people's money - page 8.

hedgeh0g

hero member

Activity: 938

Merit: 642

Quote from: Frankolala on July 08, 2024, 01:49:58 AM

Quote from: khiholangkang on July 07, 2024, 11:19:46 PM

Quote from: Zigabel on July 07, 2024, 06:35:00 PM

Quote from: Issa56 on July 07, 2024, 04:48:43 PM

If you don’t have your own money to gamble, then it’s better we don’t gamble, we shouldn’t spoil our reputation just because we want to gamble. It doesn’t make any sense to me, if the person doesn’t trust you, then you won’t be given the money to hold, so the money is supposed to be properly stored, and it shouldn’t be used for anything, not to mention gambling. The only person who will gamble with the money kept with him is an addicted gambler. That’s why I don’t recommend an addicted gambler be in charge of money.

Even while having fun or making money, your reputation is something you shouldn't just throw away through the window, you should always put that to consideration because after having fun gambling or making money gambling, people will always reference your reputation there after, I'd people have given you money for a purpose, using it to gamble shouldn't be what you should attempt doing, this is because you are going to be seen as very irresponsible in the end.

Peoples money are actually given you based on trust and losing it all to the casino just like that isn't ideal enough because it's expected of every responsible person to be able to control their selves to the point of not using peoples funds to gamble.

That's not ideal at all in my opinion, however the lender is unlikely to give it to people who gamble, I think that people who do gambling using money from loans are people who impose themselves, people who don't know the rules and people who are more stupid than stupid people, to be honest I would also be disappointed with people who borrowed money from me and then used it for gambling, it's outrageous and I won't trust that person anymore, yes even though I am also a gambler but I never gamble from borrowed money, I agree more with the sentence not to gamble if you don't have your own money.

Be it my closest friend, I will not lend him money if I know that he wants to use to it gamble because that does not show any sign being responsible. Lending money to gamble is a sign of chronic addiction and that is why the gambler wants to chase his losses when he knows that he cannot afford to pay for his bet.

People like this should be avoided because if you give them because they are close to you, you will only worsen their addiction state and gamblers that borrows money hardly pay back their debts because if they have the money to pay back, they will prefer to use it to gamble again. Whenever a gambler does not have money to gamble there is no need for that person to think of gambling.

In my close circle there is an addicted gambler, and he just constantly lends money to play, this is a small amount, but I cannot refuse him. Of course, he returns this amount after some time, but on the other hand, I understand that I am not doing the best, because people should be able to live within the means that are only at their personal disposal, without any borrowing. I don’t know when I’ll stop giving him this money, but I do it only out of the feeling of pity that arises in me for him. Although I heard that pity is weakness. I understand this with my mind, but not with my heart...

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

Quote from: Rabata on July 07, 2024, 04:57:41 PM

There is a tendency among gamblers where a gambler loses money that is not his or her own in order to win or become addicted. In private life a gambler may be involved in various activities and it is not difficult to imagine how uneasy he would be if he lost money from public funds that he used for his gambling. However, this type of work is almost seen due to addiction. They are easily losing the money of ordinary people.

If the gambler cannot control him before he loses then there is no benefit. I have seen a gambler I know who works at a financial institution often use money from gambling losses. He sometimes gambled away a large part of his income from there, and when he lost, he managed the money in other ways to pay off the institution. But in this way if at any stage he loses a lot of money then surely he will fail to repay the money which can have a big negative impact on his life later.

He will definitely be in trouble in the future. If he is repairing his debt with another debt then it will outrun him someday. This only works when you are young and still working very hard. But when you are consumed by bad habits like gambling then it could get to him way earlier than he is expecting.
Debts are meant to be paid and I bet the lender will not just wait for him, he might put interest in it if the borrowed money cannot be paid at the right contract date. The same goes with the banks that like people getting a loan because they know they will benefit from it.

It is simple, if it's not our money then we should not just waste it with something that we might not go back to. We can invest it with other things to get more profits but I don't recommend borrowing for gambling habits.

Betwrong

legendary

Activity: 3500

Merit: 2246

🌀 Cosmic Casino

Quote from: bakasabo on July 08, 2024, 04:56:26 AM

~ I can only say, that what you have written refers only if gambler borrows money with hope to earn. If someone borrows just to have fun, then I see nothing bad in gambling with other persons money. In the end, what matter is whos money gambler gambles, or who has asked for money. I would not gamble with money that someone unfamiliar gave or try to give me. I would borrow or lend money to a friend in most cases (in general, I would not lend money only to a totally drunk friend, because money would be lost (most likely) and I dont want friend to have problems later).

Good point, mate. Indeed, if you borrowed from a friend $10 to have fun in an amusement park, there's nothing wrong with that. And I'd say the same about borrowing $10 in Vegas to try your luck on slots 10-20 times. Who knows, you may win huge, but if you lose it it's no big deal, right?

And if you borrow big money, no matter how careful you are planning to gamble with it, you just shouldn't do it at all.

letteredhub

sr. member

Activity: 728

Merit: 271

Quote from: irhact on July 07, 2024, 04:30:36 PM

Quote from: letteredhub on July 07, 2024, 03:00:52 PM

Its good that way, for by having objection against taking custody of other people's funds you're also protecting your peace. I see people who are aware they have some kind of addictive vices they are battling with, that is, they don't have good reputation with money, yet, they go on obliging to take custody of other people's or group funds. On one hand, some of those acts are intentionally done by those that did it and not that they have any financial challenges or addictive problems such as gambling or hard drugs.

You don't need to be incharge of any individual money as everybody should be responsible for their own money. The individuals giving you the money can't protect their money that's way they want somebody else to take the responsibility and they'll won't have to be responsible for anything that happens to the money. Since you know you aren't good at handling money that is yours, you can't also handle others money therefore just stay on your own and not invite problem to yourself.

Much of what I know about certain individuals that hand over their money to the custody of someone else they respect and believe to be of good character isn't due to passing the responsibility of any uncertainty that should happen with the money to the custodian but that they know deep down that if they should have the money under them it can be easily mismanaged or diverted to an unproductive pleasures. It's their own preventive measure to stay focus with their money to be extended on what it's actually meant for.

bakasabo

legendary

Activity: 2520

Merit: 1218

Quote from: Accardo on July 07, 2024, 04:47:40 AM

Quote from: bakasabo on July 07, 2024, 02:24:50 AM

Quote from: Nrcewker on July 07, 2024, 01:30:26 AM

It’s a sin to gamble with other people’s funds. If it’s your not money, then you should completely avoid touching the money. I have seen many people take loans to gamble. They are forgetting that gambling is not at all sure money. There is risk involved and you need to understand how volatile the risk is. In such a situation if you risk other people’s money, then definitely you are risking your reputation against the other people whose money you borrowed. If you need serious money for gambling, then it’s better to do a serious job and invest only small portion of the salary in gambling to try your luck.

Why do you call it as a sin? Then any use of other people's funds will be considered as sin also, as you and they take risk from your actions. Look on a situation from following angle - you are in casino with your friend, but you forgot your wallet. A friend lend you so money, so that you dont have to waste time getting back home and returning to casino. What, this is a sin also ? Or I have run out money, but tomorrow is salary day. Also a sin if I borrow? Gambling with other people's money isnt sin, people just need to be responsible to money.

From the contexts of this thread it's bad to use for gambling money contributed collectively by people. Your idea sounds different and wouldn't be considered a wrong habit provided the player keeps to his bargain and pays back as promised. However, it's a shame for a person to gamble people's money hoping to pay back with his wins. Such thing just shows how poorly raised financially and irresponsible the player can be. Gambling doesn't guarantee wins, and gamblers know this, but out of greed they'll want to risk, not just their money, their friends money. If a gambler is capable to pay back then, nothing is wrong with playing with people's money. Not maintaining a responsible habit by endlessly owing the rightful owners of the money, is indeed a big sin.

I can only say, that what you have written refers only if gambler borrows money with hope to earn. If someone borrows just to have fun, then I see nothing bad in gambling with other persons money. In the end, what matter is whos money gambler gambles, or who has asked for money. I would not gamble with money that someone unfamiliar gave or try to give me. I would borrow or lend money to a friend in most cases (in general, I would not lend money only to a totally drunk friend, because money would be lost (most likely) and I dont want friend to have problems later).

Frankolala

hero member

Activity: 896

Merit: 586

Leading Crypto Sports Betting & Casino Platform

Quote from: khiholangkang on July 07, 2024, 11:19:46 PM

Quote from: Zigabel on July 07, 2024, 06:35:00 PM

Quote from: Issa56 on July 07, 2024, 04:48:43 PM

If you don’t have your own money to gamble, then it’s better we don’t gamble, we shouldn’t spoil our reputation just because we want to gamble. It doesn’t make any sense to me, if the person doesn’t trust you, then you won’t be given the money to hold, so the money is supposed to be properly stored, and it shouldn’t be used for anything, not to mention gambling. The only person who will gamble with the money kept with him is an addicted gambler. That’s why I don’t recommend an addicted gambler be in charge of money.

Even while having fun or making money, your reputation is something you shouldn't just throw away through the window, you should always put that to consideration because after having fun gambling or making money gambling, people will always reference your reputation there after, I'd people have given you money for a purpose, using it to gamble shouldn't be what you should attempt doing, this is because you are going to be seen as very irresponsible in the end.

Peoples money are actually given you based on trust and losing it all to the casino just like that isn't ideal enough because it's expected of every responsible person to be able to control their selves to the point of not using peoples funds to gamble.

That's not ideal at all in my opinion, however the lender is unlikely to give it to people who gamble, I think that people who do gambling using money from loans are people who impose themselves, people who don't know the rules and people who are more stupid than stupid people, to be honest I would also be disappointed with people who borrowed money from me and then used it for gambling, it's outrageous and I won't trust that person anymore, yes even though I am also a gambler but I never gamble from borrowed money, I agree more with the sentence not to gamble if you don't have your own money.

Be it my closest friend, I will not lend him money if I know that he wants to use to it gamble because that does not show any sign being responsible. Lending money to gamble is a sign of chronic addiction and that is why the gambler wants to chase his losses when he knows that he cannot afford to pay for his bet.

People like this should be avoided because if you give them because they are close to you, you will only worsen their addiction state and gamblers that borrows money hardly pay back their debts because if they have the money to pay back, they will prefer to use it to gamble again. Whenever a gambler does not have money to gamble there is no need for that person to think of gambling.

hyudien

hero member

Activity: 2198

Merit: 607

Leading Crypto Sports Betting & Casino Platform

Quote from: Moreno233 on July 07, 2024, 06:59:17 PM

You are absolutely right because borrowing to gamble is like a big risk. Gambling itself is so risky that one can return to zero with a very short time, so borrowing money to gamble is like compounding the risk and making it unbearable. Besides, when gambling with borrowed funds, there is a high chance that the decision making process will be effected leading to poor gambling results. There will be this rush to make profits to be able to pay back the debt and this will become the source and motivation for reckless gambling, mistakes and sources. .

Borrowing money to gamble has been done by many gamblers who are already addicted and these actions are carried out because they are already heavily addicted so that what is in their minds is only about gambling, so when they run out of money they still want to gamble and taking loans to gamble is one of the things that is usually done by them when they are addicted, indeed borrowing money to gamble is a risky act because in addition to being miserable it can make them experience excessive mental pressure which can make them stressed.
Of course, those who take loans to gamble because they want to recover losses that have previously occurred, they have full hope with the borrowed money so that they can make a win and turn things around for the better, but unfortunately, however, the gambling they do does not guarantee that they can win the possibility of defeat or bad things that will certainly happen.

khiholangkang

hero member

Activity: 2226

Merit: 610

Quote from: Zigabel on July 07, 2024, 06:35:00 PM

Quote from: Issa56 on July 07, 2024, 04:48:43 PM

If you don’t have your own money to gamble, then it’s better we don’t gamble, we shouldn’t spoil our reputation just because we want to gamble. It doesn’t make any sense to me, if the person doesn’t trust you, then you won’t be given the money to hold, so the money is supposed to be properly stored, and it shouldn’t be used for anything, not to mention gambling. The only person who will gamble with the money kept with him is an addicted gambler. That’s why I don’t recommend an addicted gambler be in charge of money.

Even while having fun or making money, your reputation is something you shouldn't just throw away through the window, you should always put that to consideration because after having fun gambling or making money gambling, people will always reference your reputation there after, I'd people have given you money for a purpose, using it to gamble shouldn't be what you should attempt doing, this is because you are going to be seen as very irresponsible in the end.

Peoples money are actually given you based on trust and losing it all to the casino just like that isn't ideal enough because it's expected of every responsible person to be able to control their selves to the point of not using peoples funds to gamble.

That's not ideal at all in my opinion, however the lender is unlikely to give it to people who gamble, I think that people who do gambling using money from loans are people who impose themselves, people who don't know the rules and people who are more stupid than stupid people, to be honest I would also be disappointed with people who borrowed money from me and then used it for gambling, it's outrageous and I won't trust that person anymore, yes even though I am also a gambler but I never gamble from borrowed money, I agree more with the sentence not to gamble if you don't have your own money.

bangjoe

hero member

Activity: 1400

Merit: 674

Quote from: Moreno233 on July 07, 2024, 06:59:17 PM

Quote from: Issa56 on July 07, 2024, 04:48:43 PM

Quote from: leonair on May 22, 2024, 10:54:33 AM

Gambling with other people's money means borrowing gambling which is very risky and is done by those who are very addicted to gambling but have no money in their own pocket.

If you don’t have your own money to gamble, then it’s better we don’t gamble, we shouldn’t spoil our reputation just because we want to gamble. It doesn’t make any sense to me, if the person doesn’t trust you, then you won’t be given the money to hold, so the money is supposed to be properly stored, and it shouldn’t be used for anything, not to mention gambling. The only person who will gamble with the money kept with him is an addicted gambler. That’s why I don’t recommend an addicted gambler be in charge of money.

You are absolutely right because borrowing to gamble is like a big risk. Gambling itself is so risky that one can return to zero with a very short time, so borrowing money to gamble is like compounding the risk and making it unbearable. Besides, when gambling with borrowed funds, there is a high chance that the decision making process will be effected leading to poor gambling results. There will be this rush to make profits to be able to pay back the debt and this will become the source and motivation for reckless gambling, mistakes and sources. .

Speaking of investments, businesses, and other things if using money from loans or other people's money is very dangerous, especially for gambling, I think it's a stupid act that will make ourselves in a very bad situation one day.

Whether it has the possibility win or defeat, using other people's money to gamble I still believe it is a foolishness, not in the process of winning will be able to pay for it, but it will be a bad character if you get used to doing it, I think some people can understand why they should not look for the possibility of using other people's money, especially responsible gamblers will definitely do gambling according to the rules, if you can't afford to spend your own money, it's better not to gamble at all.

Moreno233

sr. member

Activity: 434

Merit: 253

Trust the process, imbibe consistency

Quote from: Issa56 on July 07, 2024, 04:48:43 PM

Quote from: leonair on May 22, 2024, 10:54:33 AM

Gambling with other people's money means borrowing gambling which is very risky and is done by those who are very addicted to gambling but have no money in their own pocket.

If you don’t have your own money to gamble, then it’s better we don’t gamble, we shouldn’t spoil our reputation just because we want to gamble. It doesn’t make any sense to me, if the person doesn’t trust you, then you won’t be given the money to hold, so the money is supposed to be properly stored, and it shouldn’t be used for anything, not to mention gambling. The only person who will gamble with the money kept with him is an addicted gambler. That’s why I don’t recommend an addicted gambler be in charge of money.

You are absolutely right because borrowing to gamble is like a big risk. Gambling itself is so risky that one can return to zero with a very short time, so borrowing money to gamble is like compounding the risk and making it unbearable. Besides, when gambling with borrowed funds, there is a high chance that the decision making process will be effected leading to poor gambling results. There will be this rush to make profits to be able to pay back the debt and this will become the source and motivation for reckless gambling, mistakes and sources. .

Zigabel

full member

Activity: 462

Merit: 205

Duelbits.com

Quote from: Issa56 on July 07, 2024, 04:48:43 PM

If you don’t have your own money to gamble, then it’s better we don’t gamble, we shouldn’t spoil our reputation just because we want to gamble. It doesn’t make any sense to me, if the person doesn’t trust you, then you won’t be given the money to hold, so the money is supposed to be properly stored, and it shouldn’t be used for anything, not to mention gambling. The only person who will gamble with the money kept with him is an addicted gambler. That’s why I don’t recommend an addicted gambler be in charge of money.

Even while having fun or making money, your reputation is something you shouldn't just throw away through the window, you should always put that to consideration because after having fun gambling or making money gambling, people will always reference your reputation there after, I'd people have given you money for a purpose, using it to gamble shouldn't be what you should attempt doing, this is because you are going to be seen as very irresponsible in the end.

Peoples money are actually given you based on trust and losing it all to the casino just like that isn't ideal enough because it's expected of every responsible person to be able to control their selves to the point of not using peoples funds to gamble.

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

Quote from: Issa56 on July 07, 2024, 04:48:43 PM

Quote from: leonair on May 22, 2024, 10:54:33 AM

Gambling with other people's money means borrowing gambling which is very risky and is done by those who are very addicted to gambling but have no money in their own pocket.

If you don’t have your own money to gamble, then it’s better we don’t gamble, we shouldn’t spoil our reputation just because we want to gamble. It doesn’t make any sense to me, if the person doesn’t trust you, then you won’t be given the money to hold, so the money is supposed to be properly stored, and it shouldn’t be used for anything, not to mention gambling. The only person who will gamble with the money kept with him is an addicted gambler. That’s why I don’t recommend an addicted gambler be in charge of money.

That's a normal thought but not everyone can think about it carefully especially those who are already addicted to gambling. So that not a few people eventually try to sell whatever they have and even borrow from colleagues (closest people), banks or even online loans just to channel their passion for gambling.
Nowadays, with gambling growing, especially after online gambling, things like this have become commonplace, although not in all places, but I am sure that in almost all countries where gambling is practiced, there will definitely be people like this.
Because when a gambler has fallen into gambling addiction, they will not even think rationally when they really want to gamble because all they think about is how to get money to be used as capital in gambling.

Rabata

sr. member

Activity: 980

Merit: 311

There is a tendency among gamblers where a gambler loses money that is not his or her own in order to win or become addicted. In private life a gambler may be involved in various activities and it is not difficult to imagine how uneasy he would be if he lost money from public funds that he used for his gambling. However, this type of work is almost seen due to addiction. They are easily losing the money of ordinary people.

If the gambler cannot control him before he loses then there is no benefit. I have seen a gambler I know who works at a financial institution often use money from gambling losses. He sometimes gambled away a large part of his income from there, and when he lost, he managed the money in other ways to pay off the institution. But in this way if at any stage he loses a lot of money then surely he will fail to repay the money which can have a big negative impact on his life later.

Issa56

hero member

Activity: 1484

Merit: 928

Quote from: leonair on May 22, 2024, 10:54:33 AM

Gambling with other people's money means borrowing gambling which is very risky and is done by those who are very addicted to gambling but have no money in their own pocket.

If you don’t have your own money to gamble, then it’s better we don’t gamble, we shouldn’t spoil our reputation just because we want to gamble. It doesn’t make any sense to me, if the person doesn’t trust you, then you won’t be given the money to hold, so the money is supposed to be properly stored, and it shouldn’t be used for anything, not to mention gambling. The only person who will gamble with the money kept with him is an addicted gambler. That’s why I don’t recommend an addicted gambler be in charge of money.

irhact

hero member

Activity: 616

Merit: 749

Quote from: letteredhub on July 07, 2024, 03:00:52 PM

Its good that way, for by having objection against taking custody of other people's funds you're also protecting your peace. I see people who are aware they have some kind of addictive vices they are battling with, that is, they don't have good reputation with money, yet, they go on obliging to take custody of other people's or group funds. On one hand, some of those acts are intentionally done by those that did it and not that they have any financial challenges or addictive problems such as gambling or hard drugs.

You don't need to be incharge of any individual money as everybody should be responsible for their own money. The individuals giving you the money can't protect their money that's way they want somebody else to take the responsibility and they'll won't have to be responsible for anything that happens to the money. Since you know you aren't good at handling money that is yours, you can't also handle others money therefore just stay on your own and not invite problem to yourself. Those intentionally spending other individuals money when it wasn't done out of unconsciousness are theft. Spending money that isn't yours is a bad character and if you don't change while you still have the chance, you'll grown old with that bad character and it'll lead you to a bigger problem later in life when you are entrusted with other individuals money and you spend them.

I_Anime

sr. member

Activity: 602

Merit: 260

Quote from: Blitzboy on July 07, 2024, 02:51:57 PM

Quote from: EarnOnVictor on July 07, 2024, 01:46:22 AM

Quote from: Oshosondy on May 15, 2024, 04:41:12 AM

I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons.

There is another one that I read today that people thought he ran away with people's money but he later confessed that he lost it to gambling. It is about a solana-based cypher developer, he confesses that he lost $300K of user funds to gambling.

Quote from: https://cointelegraph.com/news/solana-cypher-developer-gambling-scandal

The core developer of the Solana-based cross-margin decentralized exchange (DEX) admitted his wrongdoing in a public statement shared in a May 14 X post:

“To address the elephant in the room, the allegations are true, I took the funds and gambled them away. I didn’t run away with it, nor did anyone else.”

Let them continue to use people's money for risky activities and let them face the brunt. Your money is your money, people's money is not your money, so why are you gambling or trading with them? I don't expect people to even gamble with their money which they can't afford to lose not to mention people's money, that's so bad and I don't feel for them. If you are not wise, your foolishness will teach you a lesson, so over time, I expect them to learn from their folly. This case you narrated above in addition is the kind that is not severe since it involved many people from all over the world, but in the case the money involves the people that are directly accessible to the guy, they will deal with him so severely.

Something like that is very common these days and greed and desperation are the two major factors that often cause it. If you are greedy or careless, let it be with your money and face the outcome and cry alone in your closet. But with people's money, anything can happen including a threat to life as some people may not take the money lightly as otherwise would do, so why risk your life on avoidable issues like that?

If you play with others' money, Im done. Totally wrong. Gambling may be fun. But its serious business too. Be wise. You must know when to leave. Definitely avoid risking other people's money. Its not simply money. This throws you off. A rollercoaster of ups and downs. Relationships and lives can be destroyed.

So, gamble responsibly. Risk just what you can afford to lose. What about borrowing from friends or family to gamble? Forget it. Winners dont play that way. Remember, money comes and goes. But your relationships, your peace of mind - those are priceless.

Gambling with someone else's Money at first doesn't sound fun at all is just kinda irresponsible, because there's two different things when it comes to losing money, for instance losing your money you can easily forgive yourself and move on without affecting your peace that much (depending though ), but losing another individual funds may surely lead to lack of peace, because you will surely have to pay back the money , which may need to alot of negative effects, due to the pressure attached in it especially when the amount is not something you can easily payback.

So I advice that anyone that are having such mindset or thought of wanting to use someone else's money to gamble should restrain he or she selves from such because it may only lead to more problems in a long run .

letteredhub

sr. member

Activity: 728

Merit: 271

Quote from: Obari on July 06, 2024, 04:40:43 AM

Personally I don’t like taking custody of other peoples funds and that’s because I don’t want to have issues with anyone and I’ve also tried to understand that, the moment there is money at hand, problems and challenges begin to arise and it takes very serious commitment to avoid those temptations .

Its good that way, for by having objection against taking custody of other people's funds you're also protecting your peace. I see people who are aware they have some kind of addictive vices they are battling with, that is, they don't have good reputation with money, yet, they go on obliging to take custody of other people's or group funds. On one hand, some of those acts are intentionally done by those that did it and not that they have any financial challenges or addictive problems such as gambling or hard drugs.

Blitzboy

hero member

Activity: 1344

Merit: 565

Leading Crypto Sports Betting & Casino Platform

Quote from: EarnOnVictor on July 07, 2024, 01:46:22 AM

Quote from: Oshosondy on May 15, 2024, 04:41:12 AM

I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons.

There is another one that I read today that people thought he ran away with people's money but he later confessed that he lost it to gambling. It is about a solana-based cypher developer, he confesses that he lost $300K of user funds to gambling.

Quote from: https://cointelegraph.com/news/solana-cypher-developer-gambling-scandal

The core developer of the Solana-based cross-margin decentralized exchange (DEX) admitted his wrongdoing in a public statement shared in a May 14 X post:

“To address the elephant in the room, the allegations are true, I took the funds and gambled them away. I didn’t run away with it, nor did anyone else.”

Let them continue to use people's money for risky activities and let them face the brunt. Your money is your money, people's money is not your money, so why are you gambling or trading with them? I don't expect people to even gamble with their money which they can't afford to lose not to mention people's money, that's so bad and I don't feel for them. If you are not wise, your foolishness will teach you a lesson, so over time, I expect them to learn from their folly. This case you narrated above in addition is the kind that is not severe since it involved many people from all over the world, but in the case the money involves the people that are directly accessible to the guy, they will deal with him so severely.

Something like that is very common these days and greed and desperation are the two major factors that often cause it. If you are greedy or careless, let it be with your money and face the outcome and cry alone in your closet. But with people's money, anything can happen including a threat to life as some people may not take the money lightly as otherwise would do, so why risk your life on avoidable issues like that?

If you play with others' money, Im done. Totally wrong. Gambling may be fun. But its serious business too. Be wise. You must know when to leave. Definitely avoid risking other people's money. Its not simply money. This throws you off. A rollercoaster of ups and downs. Relationships and lives can be destroyed.

So, gamble responsibly. Risk just what you can afford to lose. What about borrowing from friends or family to gamble? Forget it. Winners dont play that way. Remember, money comes and goes. But your relationships, your peace of mind - those are priceless.

famososMuertos

legendary

Activity: 1960

Merit: 3107

LE ☮︎ Halving es la purga

Quote from: Cryptmuster on July 07, 2024, 02:40:05 AM

Quote from: Nrcewker on July 07, 2024, 01:30:26 AM

It’s a sin to gamble with other people’s funds. If it’s your not money, then you should completely avoid touching the money. I have seen many people take loans to gamble. They are forgetting that gambling is not at all sure money. There is risk involved and you need to understand how volatile the risk is. In such a situation if you risk other people’s money, then definitely you are risking your reputation against the other people whose money you borrowed. If you need serious money for gambling, then it’s better to do a serious job and invest only small portion of the salary in gambling to try your luck.

Do you really know many people who take out loans to gamble? In my entire life I have not known any such person, I have only heard stories about such people, so it seems to me that there are not so many such people who are ready to play for credit money. Regarding gambling, my opinion is that a highly paid job will bring you much more income than gambling, so it is better to spend time becoming an expert in some field and receive a stable profit, than to risk money and possibly lose it.

Gambling for fun, or betting for monetary return intentions are two very different things.

Define well what you want to do, and then proceed with financing your bankroll, and of course do not use this misinterpreted phrase: blah, blah "%" of your income, it is very bad advice, the problem starts there.

Finally, the best first bet is to pay a professional in the area of gambling addiction to identify if you are prone to addictions, depression, anxiety, etc. These types of people are the least indicated to tell them it phrase; "take a % of your monthly income to a Casino."

erep

hero member

Activity: 2282

Merit: 589

Quote from: Cryptmuster on July 07, 2024, 02:40:05 AM

Do you really know many people who take out loans to gamble? In my entire life I have not known any such person, I have only heard stories about such people, so it seems to me that there are not so many such people who are ready to play for credit money.

You need to know that they hide loans from anyone to gamble, so never assume you don't know him but you don't know he has been gambling with loans. I have seen the fact that some people already have several loans but they don't tell anyone, but when debt collectors look for them then all their secrets become public.

Quote

Regarding gambling, my opinion is that a highly paid job will bring you much more income than gambling, so it is better to spend time becoming an expert in some field and receive a stable profit, than to risk money and possibly lose it.

You're right, we have to look for other job opportunities to increase our income, don't ever hope that gambling can make you rich but the risk can make you miserable, gambling is only fun when we are relaxing. So keep busy with other useful activities to increase your monthly income, so that you avoid gambling addiction.

Topic: Be careful with people's money - page 8. (Read 2569 times)