I experience this same infect of greed in the years 2011 when I went into betting and gambling. I find out that actually betting is a game of chance and your should not invest the money you cannot afford to lose into gambling and you should not jump into gambling without prior knowledge on how gambling has an inherent risk and reward in it. Greed is the number one enemy of a gambler. Those that succeed are those that are able to control their emotions and invest based on reality. What I do tell people is invest just 2 to 3 percent of your risk capital and no matter the temptation stick to that plan until you became successful.
This will be never easy to recover right because people from everywhere will greed on money for sure I think. It make the decision of our living standard. I have some of friends who lost many amount risky investment and gambling kind of option available to earn btc or Fiat.
It is a common tendency among people to be greedy and not think of consequences before getting into something risky. Gambling is like that. It invites you to play but the owners know very well that people will get greedy. In fact they are actually exploiting your greed if you yourself cant control it. Then again if you are careful then you wont get addicted and wont lose too much in gambling.
Indeed. That's what makes this industry thrive. It's from people's greed to make easy money. Of course who wouldn't want to earn big without working hard right? You just have to be lucky and poof you'll be cashing out a lot. But this is not the scenario all the time and mostly, it's evem the opposite. This scenario is what makes people greedy. The promise of gambling to make them rich just by being lucky.
