Topic: Gambling risk is higher when we are on Bear Market? - page 6. (Read 702 times)
Well, that is was his decision. Probably he thinks that better to gamble than to sell his bitcoin holding. Due to his impatient, he putting himself self to risky stuff and make things worst. But upon on this crossing the risk if he going to succeed it might be doubled his bitcoin hold. Indeed, it is very risky but who knows he will be made it and won on gambling that he made choice. But the fact is nothing's lost with him, still @1:1 ratio.
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 I was in his place I would find something more safer than risking it all and depending on luck.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.
Since he already lost more than half of his money why wouldn't he look for a solution this is more of a suicide if you'll ask me.
There are other ways not just gambling he bought it to earn not to gamble so why not try to learn something more important rather to cry on his lost.
We have trading surely he could manage to pull it off if he could get a proper guidance on how to trade.
In such circumstances John only has 2 choices. First he has lost the value of Bitcoin and holding must also require a long time to restore its value. And the second way is betting, betting there are also two choices. In order to reduce the loss at the beginning or bet and eventually lose it all. So betting in this case the risk is very high, even losing all the bitcoin you bought at $18k
He is very impatient and can't wait for the next all-time high to gamble your Bitcoin, it's double jeopardy if he loses all his Bitcoin, he should just extend his patience to the fullest, he can lend his Bitcoin, other people are now selling everything they have I know some people, to buy Bitcoin because of the ETF approval and the next halving, so stuff yourselves with good news and hope.Emotions are biggest problem in gambling even over patience also not good in gambling. If you are good in analysing the game you can stay in gambling or you can move out of gambling industry which is better for you.
If you see the value in cryptocurrency nothing is bigger value while you are on bear market.
What can you say about this? Or maybe you already experienced this.
Still @ 1:1.
No difference at all whatever the USD value of it and he will play on a crypto gambling site. John will gamble his bitcoin at the same quantity when he bought it.
Honestly, it's way wiser for me to gamble during a bear market where coins are fairly cheap, only if I will start at the scratch meaning from my fiat to bitcoin. Of course, this is not applicable to those coins who bought at a higher price, although there is no difference at all using those in gambling, at least for me. John on that case should extend his patience no matter what.
He will just lose if a) he loses all the BTC in gambling, obviously b) he sold it for a lower price.
If I am in his shoes and losses his Bitcoin in gambling because it's gambling and there's no guaranty of winning than holding your coins, I will be very frustrated, Bitcoin is not on it's way to bubble to gamble it away, majority of us will advise you not to gamble it and only gamble what you can afford to lose but not to lose everything you have.
What can you say about this? Or maybe you already experienced this.
Still @ 1:1.
No difference at all whatever the USD value of it and he will play on a crypto gambling site. John will gamble his bitcoin at the same quantity when he bought it.
Honestly, it's way wiser for me to gamble during a bear market where coins are fairly cheap, only if I will start at the scratch meaning from my fiat to bitcoin. Of course, this is not applicable to those coins who bought at a higher price, although there is no difference at all using those in gambling, at least for me. John on that case should extend his patience no matter what.
He will just lose if a) he loses all the BTC in gambling, obviously b) he sold it for a lower price.
In such circumstances John only has 2 choices. First he has lost the value of Bitcoin and holding must also require a long time to restore its value. And the second way is betting, betting there are also two choices. In order to reduce the loss at the beginning or bet and eventually lose it all. So betting in this case the risk is very high, even losing all the bitcoin you bought at $18k
He is very impatient and can't wait for the next all-time high to gamble your Bitcoin, it's double jeopardy if he loses all his Bitcoin, he should just extend his patience to the fullest, he can lend his Bitcoin, other people are now selling everything they have I know some people, to buy Bitcoin because of the ETF approval and the next halving, so stuff yourselves with good news and hope. 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.
Provided that the amount of Bitcoin is still the same, you should not gamble it, that's not the best way to cut loss, if you are in bad luck you eventually lose everything and you will feel really bad once you find out that Bitcoin reach another all-time high much higher than the price you bought or even double of that price, the thing to do is to extend your patience, this is the struggle that you have to work on.
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.
For me, I will bet but not that high; I will make sure that I will recover my losses. Yes, you most not catch our losses in gamble because of the possibility of getting back your more is dependent on the odds of which game do you play, skilled that you have, especially if you are lucky and vice versa. But in this scenario, I much prefer to gamble all the remaining money because, in the very first place, I lose almost 50% of my bitcoins value, even I'm just holding or doing nothing. But in gambling, I'm sure that I can fight for my money because I will choose the game that I'm sure that I can increase my money.
His psychological will look like this: bet a little, win a few times and then increase the bet to try to recover the lost when he bought BTC at $18k, he starts to lose, increases the bet bigger and continues to lose. In his mind he would think that anyway $18k was lost, so play all the rest, of course he will lose everything 
and the ending is according to your imagination.
and the ending is according to your imagination.
In such circumstances John only has 2 choices. First he has lost the value of Bitcoin and holding must also require a long time to restore its value. And the second way is betting, betting there are also two choices. In order to reduce the loss at the beginning or bet and eventually lose it all. So betting in this case the risk is very high, even losing all the bitcoin you bought at $18k
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.
It's definitely John's choice to gamble or not to. If I were John I will never gamble. Well, in my own opinion gambling is more way in losing coins. Yet, even though that's the case for me, I don't stop gambling. I don't know why. Anyway, If I were John, I will just HODL it until another bull run. Who knows, probably it will go up right? Remember the first rule of gambling, don't be greedy. 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.
That is right.
But for me that is hard to choose keep hold or gamble it.
Because gambling is more risky than hold. We can lose all our bitcoin if choose wrong pick.
But if we only hold it, we don't see any profit progress.
I prefer gamble it with low risk formula, small profit but not too risk, so we can look progression on our Bitcoin.
If lose all just forget it.
But for me that is hard to choose keep hold or gamble it.
Because gambling is more risky than hold. We can lose all our bitcoin if choose wrong pick.
But if we only hold it, we don't see any profit progress.
I prefer gamble it with low risk formula, small profit but not too risk, so we can look progression on our Bitcoin.
If lose all just forget it.
Actually the reply above was right, he's not losing when it regards bitcoin quantity because that is still the same but the value to the dollar decreased. If Jhon wanted to sell his bitcoin and change into dollars probably the loss was there but if he decided to HODL and patiently wait until it has come back to the price when he invested. Probably he wanted to divert into dollars value that's why he facing the high risk and gamble his bitcoin hoping to recover the lost value of bitcoin due to the downtrend happen. Nevertheless, nothing to be lost if you keep holding on it.
Too reckless. Maybe that is what i want to say. Because lose in trading or holding not means we can catch it back with gambling. But maybe this thing can be read by other people so they not do same thing like John. It is reckless and careless thing to do.
It's very st*pid idea to gamble your bitcoin even though the price is down. Just like before, bitcoin back to $13k from only $4k, it just needed a little time for bitcoin bounce back or higher than before.
If i were him, i would hold my bitcoin and never do anything else
If i were him, i would hold my bitcoin and never do anything else
Martingale will fuck him up. The chance is really small to get nearly 4x or more from gambling. Instead of doing that, he could increase your Bitcoin with lending or trading. He should have a better chance with those strategies, even though it needs time and skills too.
If someone wants to gamble they will find any excuse to do so. Maybe John bought more bitcoins at $4000 and now it's $8000 so he made some money and thinks he can afford to gamble some.
Bottom line: be responsible with your money, bear, bull, or goat - doesn't matter.
Bottom line: be responsible with your money, bear, bull, or goat - doesn't matter.
Gambling is always risk.It is also dangerous behavior pattern.To gamble with high risk to get back lost money
There is possible to lost all capital very fast.So better to cool had and be patient
There is possible to lost all capital very fast.So better to cool had and be patient
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.
In this scenario, John is actually not losing at all. His amount of BTC remains the same. And to me 1 BTC is 1 BTC even if in fiat that is already losing value. He will only start to lose if he let his BTC slip through his hands through gambling and losing or selling out of panic.
And if I were John, nothing will change in my betting strategies. I mean, I do not bet by emotion. If BTC is going through the worst of bears, I wouldn't be wasting money by trying my luck in huge underdogs blindly hoping to win and recover my loss in fiat value. That is a desperate move that would only worsen one's situation. My bet will always go to whoever I think will win regardless of whether the market is rising or falling.
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