Topic: How to be invested in Crypto while staying away from gambling? - page 4. (Read 1616 times)

It's easy, just don't gamble and control yourself, don't let your gambling addiction or urge within you affect your investment as we are talking about your possible future success here. With gambling, you can mess up your investment like withdrawing your money when it's not yet suppose to withdraw it.

if you feel you don't have the capacity to gamble, just never expose yourself in a gambling sites, maybe delete all your gambling accounts, you'll be safer that way.

   Winterlemon912 you gave a good advice to ThePatient! He need to think about limiting his funds, to try to
lower the time he spends gambling, that will require a self-control, he needs to work on that, steady and slow
and to think about it every day, and practice it!
   I think he doesn't have to stay away from gambling for life! If he learns how to control himself, he can limit
his bankroll and gamble for fun with money he can spare, if he can't do that then it's better to quit gambling for
good!

Staying away from gambling is one of the hardest thing to do for those who use to play gambling everyday. You cannot stop gambling instantly because you brain may be damaged due to stress. The best thing that you need to have to stay away from gambling is self control. You need to decrease the budget you use in gambling slow until the budget comes to zero. You can also spend more time with your family so that you can completely forget about gambling. I hope you can stay away from gambling soon.

It was different times in late 2013/early 2014. While I was certainly a believer in the project, there were MANY people who viewed Ethereum's ICO (which remember, was still a very new thing) as a scam. Many people who knew about it, missed out.

That would be easy to be resolved. It will be just about your self-control and setting your goal with regards to the usage of your cryptocurrencies in your life. Once you have already know your goal and have set the usage of your cryptocurrencies, then it would be easy for you to invest in cryptocurrency while staying away from gambling. Playing and engaging into gambling is a matter of choice. There is nothing wrong in playing gambling as long as you know your limitations and know how to handle your cryptocurrencies. If you are having problem holding your cryptocurrencies because you are being tempted to always play in gambling using your cryptocurrencies, then why not look for something you think is worthy to spend your cryptocurrencies with. It is like diverting your attention into something to somehow forget the other thing that you have a hard time managing about. Only you can totally help yourself with that problem. Again, there is nothing wrong on playing gambling using crypto as long as you know your limitations.

It is your money and whatever you do it is your decision. I have never had a chance of getting into big ICO's like Ethereum. If I had the opportunity I wouldn't have missed this opportunity. So the choice depends solely on you what you want to do with your money.

I feel it too sometimes but I can still control myself. It always felt different with crypto because you know the price of it may be bigger in the next month or years. You feel the greediness to get more to have more in the future. You invest in crypto but will always be tempted to try those coins in gambling instead of holding it for a very long time, you think that you should try your luck using it instead of letting it sit in your wallet, maybe it will double.

If you always lose an investment because of that, I think you should always think of your priority in investing. Try asking for help too. That trait is a symptom of gambling addiction. You may say that it is in crypto only but you should remember that crypto is a currency just like a fiat currency.

If you want to avoid gambling altogether then heed my advice about dopamine detox. I like that you are investing for yourself but it is frustrating that you spend it on gambling, now I do not want you to ditch gambling altogether because trying to avoid something altogether then it will come back and bite you, the withdrawal stage is where the most struggle happen and I want you to avoid that because it can be avoided.

Now for my advice in dopamine detox, the first step is to understand that everything that gives exciting feeling is responsible for dopamine being released in the brain, addiction happens when our brain reaches a cap continously that when we are doing something mundane, we tend to feel that we need to do something. With the continous cap reach of dopamine, our body adapts and becomes bigger and we are tricked by our brain to do more of the fun things (i.e. Gambling, sex, video games, drugs), and in turn we become a prisoner of our own desire and vices.

To do dopamine detox, you need to have a self-control and a strong support network altogether, without support network, this will be difficult. The first you have to do is do your usual routine including the gambling, and dedicate a time where you are doing nothing exciting, do mundane things, then gradually increase the days that you do these things until you can do a week, this helps in flushing the dopamine in your body. These will build habit and in turn make you naturally avoid gambling. Other thing that you can do is do something that can replace the gambling habit, swtch a workout routine to the time that you are gambling. You have the investments already, having a good life is not too far for you. Good luck

Sometimes your desire to get more coins are the reason why you lost most or worse all of them.

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Greediness and desire. 2 words but it can change everything especially when you are holding huge amounts of crypto coins. You can invest in crypto and not to gamble as long as you don't have these 2 words. These are just 2 words but it can make your life miserable. Worse is that most of the gamblers are using their coins that they are holding into gambling and if they lost they will regret. Change your mindset and invest into crypto "ONLY". Invest only and don't gamble at all

When we lost control over our mind, we will not think clear of what is going on in around us, and we tend to act spontaneity without thinking much. And in gambling, when you lose control, you will be anger, you want to recover the money that you lost with playing more and more. Without we know how much the money that we would use in gambling, we will get the big losses and that is a matter of time that will come to us. Yes, we need to be careful when we gamble because that is the only way that we must know, so there is no bad thing that will happen to us.

I agree in some comments that your problem is because you are failing in self-control and the disorderly way of how you handle your earnings. While gambling it is necessary to know when it is time to stop so as not to lose your capital. Luck and strategy go hand in hand with gambling, bet with caution.

The fiat value of chips ≠ Cash value. The volatile crypto market and the untrustworthy fundamentals of gambling finance make it hard to stake or hold the casino balance online, I prefer to split my holdings and the casino altcoins should remain less than 10% of altcoin portfolio. Spending less or more or gambling the rest of funds can be linked to unstable psychological issues, no need to blame the decentralized gambling industry, IMHO.

Your problem is in fact very common, casinos have known for a very long time that people have problems gambling away their money this is why you need to convert your money to chips in the casino, even if you are still holding the very same amount of money the fact that you are now holding casino chips makes you way more likely to gamble a lot more than what you should, so it seems to me that your problem is that you do not really see cryptocurrencies in the same way that you see your fiat and that is why you keep gambling it away, in my opinion you should always think of the value in fiat of your crypto holdings so this does not happen to you again.

Am I not misreading this topic.


Honestly, I can't separate investment and gambling, instead I get a portion of the profits I get from gambling to invest in leading cryptos.
For now gambling and investing is still one thing that is required for me "gambling vs investing".

There are other things that are more interesting to me, experience, I've used two things.
-I have also used investment returns to gamble.
-And gambling results I have also used for investment.
So those two elements have something to do with me. Other people I don't know how he uses both.

Did I say I could control myself in general or did I qualify that statement with more info? 

You have no issue of controlling yourself and yet you created a thread like this?? You said that you can control yourself but you can't hold coins without using it in gambling??

For me, you are lacking of self control. I can say to myself that I don't have self control if I'm holding coins but I'm using it on gambling. Your experience is quite unusual though for me. I think the best thing to do is to change your way of thinking about crypto and gambling. Getting crypto in a quick way will definitely lead you to gambling since it is the quickest way. Change your thinking on how to get more crypto. Its just your mindset that is the problem. Your way of thinking about crypto must be changed so that even though you have huge amount of crypto coins, you will not be urged to gamble it all.

This is a literal meaning, one of (read, maybe it is you, not them). Anyway, I don't think they mean ill here (I don't)


That's definitely not it

When you think you can or do actually control your desires, that's most certainly an instance of self-deception. How come? Because it is your desires that are controlling you most of the time. Indeed, you can do something against what you want deep down inside, deliberately and consciously, but you will feel pretty ugly like doing something which is against your nature even if what you did or did not was the right thing to do or not to do. The takeaway is that fighting your inner demons in the open is a losing battle as you simply can't win

Sometimes, when people invest in something, they have goals that they want to achieve. But as time goes by, they see their investment value become bigger and the time to close their investment comes, but they don't close it right away because they want to make more profit than what they have now. That makes them cannot see what is in their face because they become greedy to get more and more. They lose their control because greed, they lose their goals to achieve, and they lose their investment profit.

If you want to invest in crypto, you need to know which coin you want to buy and invest, so you don't pick the wrong coin. Research the coin is a must thing before you buy the coin because that can help you to determine the right coin.

Wow, using only with that statement gives me a chill.

I can't even explain what would be the feeling if I'll be in your shoe. As long as you can balance yourself and won't let it destroy yourself wholly and keep on standing still, that only means that you are strong in that aspect.

Well, best of luck mate.

https://www.youtube.com/watch?v=rDrhI1GUnNg