This has been already said on earlier replies above that Jhon is being "impatient" or he badly needs the money and wanted to double his bitcoin holding just to cover the loss he has. Actually, nothing has been lost to him because that is the same if he had 1 bitcoin it will remain 1 bitcoin. If you are investing in a short period of time then you might face this possible risk. Once good luck is on your side, you probably get profit from what you have lost.
A lesson to learn, Jhon should always know the possible risk of holding bitcoin, not all the time is on the bulish market. Remember that the patient and accumulating of bitcoin is the key to have a better profit.
Topic: Gambling risk is higher when we are on Bear Market? - page 5. (Read 684 times)
I think I don't want to spend my bitcoin for gambling. Even if I want to gamble, I will convert it into other coins that are not too high to buy. I will use dogecoin rather than bitcoin. If I still use bitcoin, even if I don't lose too big, and I still lose the value of bitcoin, which I cannot risk more. But whenever bitcoin price increases or decreases, I never use high risk in gambling because I am too afraid to lose too much bitcoin because of playing gambling. But if I gamble with other coins, I can accept the loss of the coins because that is different than I use bitcoin.
if I were John who had already lost money due to the fall in prices, I would not be comfortable to gamble all my coins.
noice . i think if i were john i will also do the same . im a person that cant afford to loose big , its enough if i loose some and i wont let to loose again and im not also addicted to gambling so i can hold any cryptos that left on my purse .Quote
Re: Gambling risk is higher when we are on Bear Market?
yes . i see that the stats of some gambling sites that i visit are growing drastically during every bear season . maybe , that is because people loose some the value of thier investment and they want to recover it in the form of gambling 
With bitcoin the market recovery happens someday. Upon the same I never look upon the price of bitcoin changing with time. I simply go spending same as that I spend when the price of bitcoin is $18000. Here I never go for higher risk, I will be spending same as that I spend normally. This way risk always gets associated with gambling unlike the market trend of bitcoin.
What's your thought about this?
I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
If bitcoins were bought for the purpose of holding why bother with gambling them to grow your account???I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
As far as I know crypto value is constantly changing, it's never fixed so such change is inevitable and if I was John I would stop looking at my account balance or btc price for a while if price fell that bad.
Yeah gambling and investing are both risky but we must always remember of what’s the main goal when we enter and out our money here
If we’re for HODL then close you eyes for the market prices and indicate the exact time of withdrawal.so you will not be affected of the fluctuations in which mostly the reason of panicking
What's your thought about this?
I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
@GreatArkansas if I were John who had already lost money due to the fall in prices, I would not be comfortable to gamble all my coins. At this stage I would plan out how many Satoshis can I afford to loose, and what scenarios would require me to have cash in hand and after planning for all possible scenarios I would start gambling again. It’s pertinent to note that I would not gamble all my Satoshis in one go, if I’m having a bad day I’ll stop to gamble and try my luck some other day.
What's your thought about this?
I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
Gambling with bitcoin or even alternative coins doesn’t care about the value of each coins because we Bet with the volume of crypto and not the value of this,for me I will do the same because at the least as the market continue to fluctuate it will be harder to expect from the pump so make your own way of earning and that is by gambling,but I will not bet with huge amount every roll instead I will take my time to enjoy than to focus on earning because greediness will result to another failure so why not just be happy and playI have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
I understand the long wait but gambling your Bitcoin because of impatient, is like giving it away, there's a 50-50 chance of the outcome but you must understand the house edge, and the ratio of bettors who losses in gambling, only proceed when you think of the consequences, do not let emotion gets the better you, it's a game between emotion and sound judgement.
It’s not being impatient,it is looking for another way of profiteering since this market offers many sides to profit and not just by Holding.gambling offers us the chance so why not grab in some cases?as long as you will play with good attitude surely chances of winning is always there What's your thought about this?
I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
If bitcoins were bought for the purpose of holding why bother with gambling them to grow your account???I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
As far as I know crypto value is constantly changing, it's never fixed so such change is inevitable and if I was John I would stop looking at my account balance or btc price for a while if price fell that bad.
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
Gambling is never been an option when we do talk about breaking even with our investments because if you do? Then expect the chances on having some deep losses or the worst you would lost all of the money you do had.You already lose due to volatility and you decided to gamble because you do like on atleast to break even?
What a wrong mindset we do have here,never ever consider gambling to work on that way because it will just worsen up the situation.
What's your thought about this?
I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
I think you have a chance to recoup and make a profit much less than to lose everything. It depends how much you are a gambler and whether you can stop in time. If you decide to start, I would recommend betting small amounts at the beginning.
Better wait some more time.
I understand the long wait but gambling your Bitcoin because of impatient, is like giving it away, there's a 50-50 chance of the outcome but you must understand the house edge, and the ratio of bettors who losses in gambling, only proceed when you think of the consequences, do not let emotion gets the better you, it's a game between emotion and sound judgement.
What's your thought about this?
I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
You are betting an amount of bitcoin which you already had since the bull market. For me as long as you haven't cashed out your bitcoin you are not losing anythig yet. You might see it as a loss if you will look at it at the current fiat value. However, since the bitcoin price is down, you will have to bet more bitcoin to gain more fiat value as a reward and I will agree that would put you in more risk.
One of the reasons why I think gambling activities are lesser when the price is down.
I wouldn't add more risk with the losses that I have. The thing is it's the bitcoin price that decreases and not the quantity of bitcoin you hold. I prefer to hold it until the price goes high. I'll just make the situation complicated if I do gamble with the losses that I have. There's still a chance to recover by taking it to the level of being calm without doing anything. And losing as you gamble is a different thing, so if I'm already in a lose with my holdings, I'll exert effort of buying more instead just like the usual trader and investor advice.
I wouldn't want to gamble with my Bitcoin when the price is really decreased or dipped.
I rather gamble with altcoins or buy a sudden Bitcoin for gambling than use the ones I have before. Or better still, pause on gambling till a price pump.
So even if I gamble lower or higher, losing a Bitcoin in a gamble in a bear market can painful.
I rather gamble with altcoins or buy a sudden Bitcoin for gambling than use the ones I have before. Or better still, pause on gambling till a price pump.
So even if I gamble lower or higher, losing a Bitcoin in a gamble in a bear market can painful.
The mindset you should always be in is lost money's lost and whatever you're making after a loss is just profit and you're not trying to make back what's been lost. It sucks to lose money, but it sucks more to lose it all instead of losing a certain percentage of what you invested. I'd actually just cut losses in this scenario and keep whatever's left and maybe sell off some of the coins, though I'd prefer to keep at least a bit of coin for when prices rise back up again. Bitcoin's great and you've got a great chance of making money with it, but at some point you need to just cut losses.
Don't gamble things away especially if you cannot afford to lose that money, though you shouldn't be investing money you can't afford to lose in the first place.
Come to think that those coins are still intact even if the usd value had decreased but the amount of bitcoin hasn't so it will just matter if he would just simply hold and wait up for recovery because cutting losses on these prices will cost you 60-70% I guess and making gambling as an option for recovery is just really a stupid mistake to make.Don't gamble things away especially if you cannot afford to lose that money, though you shouldn't be investing money you can't afford to lose in the first place.
We know on how risky gambling is and chances that you wont see your bitcoins or coins ever in your hands.
That isn't true even not in the bear market gambling is very risky way oas source of income just play gambling for haing fun. john experience a lot of loses is because he buy bitcoin at high price value then, he want to goes back the loses for quick using gambling of course possible to double the money and possible to goes back their loses but the risk is possible to loses all their bitcoin because gambling is the play of winning and loses.
if we are already in the bear market and the price just stays there then i dont think its risky but i actually think that its more easier for me to to transfer and spend my coin inside the gambling platform but if i were on the scenario on the topic i will understand that bitcoins are volatile so ill accept whatever price it ends after purchasing some . if my goal is to gambling , i will still gambling . status of the market wont stop me for my agenda .
The mindset you should always be in is lost money's lost and whatever you're making after a loss is just profit and you're not trying to make back what's been lost. It sucks to lose money, but it sucks more to lose it all instead of losing a certain percentage of what you invested. I'd actually just cut losses in this scenario and keep whatever's left and maybe sell off some of the coins, though I'd prefer to keep at least a bit of coin for when prices rise back up again. Bitcoin's great and you've got a great chance of making money with it, but at some point you need to just cut losses.
Don't gamble things away especially if you cannot afford to lose that money, though you shouldn't be investing money you can't afford to lose in the first place.
Don't gamble things away especially if you cannot afford to lose that money, though you shouldn't be investing money you can't afford to lose in the first place.
The obvious point is dont store large personal amounts of BTC on a casino over a long time. I've done the opposite and accidentally left a small amount for like almost half a decade and didnt mind that mistake because it went up in value but the initial value wasnt anything much so it didnt matter. I dont advise doing the opposite and hoping everything works out, its a needless risk just deposit what you intend to use in the next week is a fair take and not too much hassle to do.
As for the scenario do I take more risk while in a bear market, I think I do because its there to be used. I would guess more volatility in a bear market, people want to use not store the basic BTC so much and that'd include putting it through some betting tables.
As for the scenario do I take more risk while in a bear market, I think I do because its there to be used. I would guess more volatility in a bear market, people want to use not store the basic BTC so much and that'd include putting it through some betting tables.
What's your thought about this?
I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
I would probably hold instead and wait for the price to increase a bit more to recoup my losses. If I actually started betting, that would make it seem like that the coin I had is the same as others. Technically speaking, it is. But the price of myncoinwas 18000 while the coin id be receiveing would just amount to be around 4000$. This just shows further the mistakes I made so I'd rather hold instead, I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
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