How to be invested in Crypto while staying away from gambling? - page 7.

akhjob

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Quote from: Maus0728 on May 11, 2020, 05:11:35 AM

Quote from: JanpriX on May 11, 2020, 02:01:24 AM

Quick suggestion, why don't you invest your money to those gambling sites instead? Like for example, putting your crypto to Yolodice or Bustadice and let it grow passively. Just be sure that you know the risks that you are getting when doing business with them. You can take a loot at this thread where someone invested BTC on two sites and he publicly provided the records of his profit/losses on a weekly basis. Good stuff, if I'm gonna be honest. Wink

Code: (LINKS)

https://yolodice.com/#invest
https://bustadice.com/invest
https://bitcointalksearch.org/topic/gambling-site-investment-5239794

Agreed, this way you can teach yourself a discipline on how to at least control your urge to gamble when you have crypto at your disposal.

Sorry but I don't think that this is a good piece of advice for someone like the OP. OP is clearly addictive when it comes to crypto gambling because of the feeling that not much money is being spent when he sees 0.1BTC rather than 900$. If OP invests in a gambling website, he'll be having ready access to the fund invested in the gambling website and might give in to his temptation to gamble away the money.

I think the OP should keep the major portion of his funds far away from his reach and only keep a small portion of the funds for gambling and other purposes. That's the only way I see to combat the urge to gamble with crypto.

Natsuu

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Quote from: plvbob0070 on May 11, 2020, 03:22:53 AM

It's because of our desire. Maybe it's because you have seen a lot of crypto holders that also gamble so it attracts you as well to try gambling. And it only takes time before you will realize that you are having fun gambling and you want to keep on gambling. Perhaps that's the reason why you can't avoid gambling now. It's because you were used to it already.

I also think our mindset really affects us. If we keep on thinking that we can't stop gambling, then it will only make it harder for us to limit ourselves. We really need to control ourselves, especially in gambling. I also gamble online, and that's where I only gamble. I don't go to physical casinos but I can still control myself maybe because I always think of my priority why I am investing here in crypto. You can find other things to do to prevent yourself from gambling too much, or just seek advice on expert.

Actually, it always depends on the person understanding and the urgeness what they always do even if they are used to it. Gambling is so addicting that we all put in a situation where we can't stop playing. It also affects our everyday life and our health as well. Gambling do gave us a good profit and a bad losses but it always takes time to realize all. If you want to stop really even if you always playing and the true realizations come to you, it can be done always and anytime. Gambling isn't the issue in peoples lives, it's the greediness and the attitude we posses.

And if you wqnt to choose to invest in other ways, that's good because you can always do it and that's a good step to start to get awqy from the situation you get used to it. Investment also give us a good income and less losses if we learn it. It always takes time but be manage to be patient on it.

Maus0728

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Quote from: JanpriX on May 11, 2020, 02:01:24 AM

Quick suggestion, why don't you invest your money to those gambling sites instead? Like for example, putting your crypto to Yolodice or Bustadice and let it grow passively. Just be sure that you know the risks that you are getting when doing business with them. You can take a loot at this thread where someone invested BTC on two sites and he publicly provided the records of his profit/losses on a weekly basis. Good stuff, if I'm gonna be honest. Wink

Code: (LINKS)

https://yolodice.com/#invest
https://bustadice.com/invest
https://bitcointalksearch.org/topic/gambling-site-investment-5239794

Agreed, this way you can teach yourself a discipline on how to at least control your urge to gamble when you have crypto at your disposal.

There is a similar thread whereas you can check all the investment thread in most of the gambling website.
List of Gambling Investments and Discussion.

Take care of yourself mate! Seek a professional help as soon as possible if something gets worse.
https://www.nhs.uk/live-well/healthy-body/gambling-addiction/

jossiel

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Thank you for sharing that story. I always long to read stories like this so that I can learn from your experiences. You are struggling whenever you hold crypto but not with fiat. I think what you need to do is to take a deep sigh first of realization. And then, practice to minimize your crypto gambling activity.

Not stopping but somehow controlling it if you're gambling with crypto. Set aside the feeling whenever you hold it and also keep a certain amount that you will never engage in gambling because the agenda of keeping it is for investment purposes.

Quote from: kizlod on May 11, 2020, 12:42:49 AM

if you can't control yourself, you'd better stay away from gambling

The control issue is with crypto but with fiat, he can handle himself. That's hard to imagine that you can somehow control the other way and can't the other side.

plvbob0070

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It's because of our desire. Maybe it's because you have seen a lot of crypto holders that also gamble so it attracts you as well to try gambling. And it only takes time before you will realize that you are having fun gambling and you want to keep on gambling. Perhaps that's the reason why you can't avoid gambling now. It's because you were used to it already.

I also think our mindset really affects us. If we keep on thinking that we can't stop gambling, then it will only make it harder for us to limit ourselves. We really need to control ourselves, especially in gambling. I also gamble online, and that's where I only gamble. I don't go to physical casinos but I can still control myself maybe because I always think of my priority why I am investing here in crypto. You can find other things to do to prevent yourself from gambling too much, or just seek advice on expert.

shoreno

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you dont have a crypto so its normal that you will play fiat on a non crypto based casino if ever its one of your hobby too but you can still use that fiat money to buy crypto and repeat the same mistake again . i bet your just greedy and that leads you to have a lack of patience . that experience was horrible upon reading it even not experiencing it because the money that is supposed to be intented for hodling are being used for gambling . it will be okay if you win but greed might take place again on you and you will just redepo it

swogerino

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I used to do the same up to a certain point and then stopped.I started to think calmly and deeply of what I was doing and came to the conclusion you can’t make more money with gambling in 99.99% of the cases.

I decided to set aside a small monthly bankroll to gamble with and the other amount to keep in a wallet.Dreams of one day that bitcoin will reach 100.000 dollars can keep you from not gambling at all.I only missed this April where I played slots heavily but have again stopped now.In the end it depends only on you and no one else.If you truly want something you fight to get it.

Debonaire217

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In Code We Trust

Quote from: kizlod on May 11, 2020, 12:42:49 AM

if you can't control yourself, you'd better stay away from gambling

Perhaps, you need a financial advisor or someone who is an expert on controlling themselves and making decisions. A wife I can say, they know what's best for us and they know when to stop us from gambling so we better build trust and not worry about losing too much in gambling if we invested first in good relationship. This relationship will be our counter to being addicted and losing too much. So if you can't control yourself, avoiding gambling is not always the option.

Tipstar

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Quote from: peter0425 on May 11, 2020, 02:25:05 AM

Actually you can relate in this topic mate https://bitcointalksearch.org/topic/gambling-is-like-day-trading-5233200

when OP is comparing trading in gambling in which instead of gambling why not risk your money in trading/
but of course this is depend on your desire because maybe you love Gambling more than any profiteering here thats why you encountered this problem.

Quote from: JanpriX on May 11, 2020, 02:01:24 AM

Quick suggestion, why don't you invest your money to those gambling sites instead? Like for example, putting your crypto to Yolodice or Bustadice and let it grow passively. Just be sure that you know the risks that you are getting when doing business with them. You can take a loot at this thread where someone invested BTC on two sites and he publicly provided the records of his profit/losses on a weekly basis. Good stuff, if I'm gonna be honest. Wink

Code: (LINKS)

https://yolodice.com/#invest
https://bustadice.com/invest
https://bitcointalksearch.org/topic/gambling-site-investment-5239794

i think Cryptogames.net is offering investments also?

As of now Cryptogames has stopped offering investments to users. Currently yolodice is taking in BTC, LTC and Doge investment without any dilution fee which would soon change. They are also still to open ETH for investment. Bustabit is the largest user invested casino followed by bustadice. Justdice also offers investment on its supported currency, clam.

And not to forget bitvest. It allows an investment with BTC, ETH, LTC, BCH and Doge with 0.5 to x10 margin. The only investment option that lets you inflate your risk for reward.

Latviand

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Quote from: kizlod on May 11, 2020, 12:42:49 AM

if you can't control yourself, you'd better stay away from gambling

Gambling is never a good thing if u want a safer investment and source of profits, instead focus on crypto management and it will give you more effective transactions and profits. Investing in gambling will just make you lose your money because it is much risky compared to investing in cryptocurrency.

I know a lot of people who are losing huge amount of money in gambling and become stressed about their life. Gambling will just only give you stress and disappointments because the probability of losing is much higher compared to the probability of winning. You need luck in order for you to win in gambling.

While in investment, you will just need to read and observe how the market moves so that you know what to do in order to properly manipulate your crypto assets. It is not necessary for you to risk your money in gambling, If I were you, i will not engage in gambling no matter what.

peter0425

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Actually you can relate in this topic mate https://bitcointalksearch.org/topic/gambling-is-like-day-trading-5233200

when OP is comparing trading in gambling in which instead of gambling why not risk your money in trading/
but of course this is depend on your desire because maybe you love Gambling more than any profiteering here thats why you encountered this problem.

Quote from: JanpriX on May 11, 2020, 02:01:24 AM

Quick suggestion, why don't you invest your money to those gambling sites instead? Like for example, putting your crypto to Yolodice or Bustadice and let it grow passively. Just be sure that you know the risks that you are getting when doing business with them. You can take a loot at this thread where someone invested BTC on two sites and he publicly provided the records of his profit/losses on a weekly basis. Good stuff, if I'm gonna be honest. Wink

Code: (LINKS)

https://yolodice.com/#invest
https://bustadice.com/invest
https://bitcointalksearch.org/topic/gambling-site-investment-5239794

i think Cryptogames.net is offering investments also?

JanpriX

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Buy The F*cking Dip

Quick suggestion, why don't you invest your money to those gambling sites instead? Like for example, putting your crypto to Yolodice or Bustadice and let it grow passively. Just be sure that you know the risks that you are getting when doing business with them. You can take a loot at this thread where someone invested BTC on two sites and he publicly provided the records of his profit/losses on a weekly basis. Good stuff, if I'm gonna be honest. Wink

Code: (LINKS)

https://yolodice.com/#invest
https://bustadice.com/invest
https://bitcointalksearch.org/topic/gambling-site-investment-5239794

Reatim

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Quote from: Jawhead999 on May 11, 2020, 12:25:54 AM

Your problem is self-controlling, you should controlling yourself, not be greedy and separate your crypto. I usually separating my crypto 20% for gambling and 80% for investing. If I lost all my crypto in gambling, at least I still have 80% to hold. Only gamble what you can afford to lose.

actually we have almost the same style mate,whenever i am in mood to gamble i usually make at least part of my crypto income weekly(since i am part of signature campaign so it is easy for me to allocate gambling money)

i make sure to set aside the 70% and just to gamble the 30% and after losing i will surely stop because i have a manageable attitude in terms of gambling.

in this way i know that i am safer in any cases that what OP is being problematic now,and right it is the GREED that will always make us fall.

ThePatient

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Quote from: Darker45 on May 11, 2020, 01:01:40 AM

I've somehow experienced that, especially that over/under betting which is really, in hindsight, nothing more than a dice game.

Gambling is one of the quickest ways to lose money. That is why I always make sure that my online crypto gambling accounts have a low balance because once I am already absorbed into placing bets, it would be as if 0.1 ETH is as low as a dollar. It is easy to squander money if it is denominated in ETH or LTC or DOGE. At least with a low balance, you will be prompted that your bet is not possible anymore because your balance is not enough. It is also very effective once that irrational urge to recover your loss as quickly as possible comes in.

Plus, always make sure your main crypto investment is separated in a different wallet which is not as accessible as your dispensable cryptos.

Very true, man, very true. It's like, shit what's .1 btc? That like 50 bucks? Oh wait, this isn't the mid 2010s anymore, that's almost a grand. I think that's why I have zero issues with gambling fiat. Cus then I would really see $1,000 slipping away in an instant and i would stop.

ThePatient

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Quote from: rhomelmabini on May 11, 2020, 12:55:38 AM

Quote from: ThePatient on May 11, 2020, 12:07:41 AM

How do you combat the urge to gamble with your cryptocurrency?

Telling myself that it's an easy way to win big while gambling but the opposite of it is the one I can't fathom if really those coins are meant for investment for a longer time. Sad to hear your story but I guess that will be an eye-opener on you for many years passed now. Has there changes in your recent behavior?

I've had some good years and some bad years since 2013. Most recently relapsed last fall though.

Thinking about picking up some coins lately, but I gotta figure out a way to not become so consumed by the whole scene. It's addictive in general.

Darker45

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I've somehow experienced that, especially that over/under betting which is really, in hindsight, nothing more than a dice game.

Gambling is one of the quickest ways to lose money. That is why I always make sure that my online crypto gambling accounts have a low balance because once I am already absorbed into placing bets, it would be as if 0.1 ETH is as low as a dollar. It is easy to squander money if it is denominated in ETH or LTC or DOGE. At least with a low balance, you will be prompted that your bet is not possible anymore because your balance is not enough. It is also very effective once that irrational urge to recover your loss as quickly as possible comes in.

Plus, always make sure your main crypto investment is separated in a different wallet which is not as accessible as your dispensable cryptos.

netdumps

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don't be too obsessed with it... diversify not only your assets but your interests also... start a new hobby for example

rhomelmabini

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No God or Kings, only BITCOIN.

Quote from: ThePatient on May 11, 2020, 12:07:41 AM

How do you combat the urge to gamble with your cryptocurrency?

Telling myself that it's an easy way to win big while gambling but the opposite of it is the one I can't fathom if really those coins are meant for investment for a longer time. Sad to hear your story but I guess that will be an eye-opener on you for many years passed now. Has there changes in your recent behavior?

ThePatient

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Hm, yeah, the last two posts are good advice. I think it would definitely be easier if I didn't follow the whole crypto space as much. Maybe that can be a goal. Limit the amont of times I check the price or forums or whatnot.

Wexnident

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Trading in of itself is a form of gamble imo, but it's more similar to an educated guess and not something fully reliant on luck. So really, no matter the option of whether to trade or to gamble, you'd still be losing money one way or another. The best way to be invested in Crypto is just to be there for the knowledge, be part of the community. Stop looking at crypto as an asset, as a form of currency. Look at it as something similar to a lesson or something. It really depends on how you live out your life in the time you're investing in while being part of the crypto community.

This is more of a self-control problem just like what the one above me said. It's different from one person to another tbh. If you want, you can try setting a goal. One that uses cryptocurrencies as a form of payment. What I've been doing and so far have been pretty much avoiding any major losses in my life.

Topic: How to be invested in Crypto while staying away from gambling? - page 7. (Read 1607 times)