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Topic: Investing in Bitcoin will bring you hope and gambling will leave you destitute. (Read 938 times)

hero member
Activity: 3010
Merit: 604
You are inviting peace of mind when you choose Bitcoin as your long term investment instead of gambling, Bitcoin as investment is like a retirement fund that you will be paid in the coming 10 years, and it's certain, but gambling is like trying to have all those money that should take you 10years in a single day, which one is more realistic?

I don't know how people get lost in gambling so much that it start to affect their lives, are they not just trying to deceive themselves? I am into gambling too but I do it for fun reasons and getting lucky with what I can afford to lose, my gambling doesn't pass using $10 in a week and when I can afford $20 too, in return I only want $100 -$1000 if I am very lucky, how can this small amount ruin my life?

But people are too greedy, if a stranger is a gambler they are probably very greedy, the few I know are so greedy that they risk all money they make from their work to gamble because they want to build houses and have dream cars very quickly, their thinking turn into a source of punishment for them, the lack of facing reality.
Humans are naturally greedy, but those who resort into gambling are like taking shortcuts to satisfy theirselves with exceptional amount of income, and that’s the wrong side of it, since there is no free or easy money in reality. If you win huge amount, know that it will also go back to the casino if you decide to gamble continuously.

However, if you chose to invest your funds in bitcoin and hold it for long term, you are sure that you will yield significant amount of returns if you stick to your goal and not selling it earlier than your target selling price. While gambling can offer you too good to be true amount of profits, investing in bitcoin on the other hand ables you to be more hopeful as you are preparing your retirement soon with bitcoin long term hodling.
sr. member
Activity: 1568
Merit: 333
Trading and holding coins is very difficult to do. we have to control our thoughts and emotions while the value of our assets decreases a lot. To be a long-term investor you need to be mentally and emotionally strong, price movements are at high volatility so, if we can't control it, I'm sure the potential losses will be minimized by themselves and the perception of investing in BTC will be even more positive. Yes. Even if later we get less profit, as long as we can avoid losses in the market, it is better for us.
full member
Activity: 98
Merit: 55
If I'm not conversant with the way gambling takes advantage of people's greed i would be surprised that an army officer who has gone through years of training and discipline would find himself in such dip shit of debt through gambling.

It's true that uncontrolled gambling addiction can end people in great debt and even cause financial instability to people, but like I said uncontrolled, your elder brother is not the only gambler I've also seen people who has gambled for years without getting themselves into major mess but when gambling has entered your mind it can destroy you. So I think the lessons should be on self control as gamblers in terms of our greed cause at the end of the we are still the once to make the decision to gamble too much or nor.
full member
Activity: 196
Merit: 201
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But investing in bitcoins is sure to make a profit, Bitcoin price was $20000 in February 2023. It has been exactly one year so the best bitcoin investment. Advise your friend if he wants to pay off his loan fast then he should definitely invest in DCA method to get fast profit by investing in Bitcoin and do loan council. (abstaining from gambling) and investing in Bitcoins

Many people that invested into Bitcoin will make profits if they don't do anything but just be buying and holding Bitcoin but many people that are gambling are losing, gambling takes money always from you therefore it's not a good way to think that you can make money. If you want to make money always choose investment, investing in Bitcoin will make you rich in a short time. When you're gambling you're depending on luck but investing in Bitcoin isn't about luck because everybody that invest and hold always make profits but not everyone that's gambling will win their games . Bitcoin was low last year and anybody that had bought it will have made big gains as Bitcoin is  trading very high. Investing in Bitcoin will bring you hope because of the profits that you'll be getting and it can keep increasing if you continue holding.
jr. member
Activity: 45
Merit: 3
Gambling addiction is the main reason why your neighborhood elder brother is facing losses. The person who has suffered the most losses due to gambling addiction would surely not have suffered losses if he had adopted some strategy. But investing in bitcoins is sure to make a profit, Bitcoin price was $20000 in February 2023. It has been exactly one year so the best bitcoin investment. Advise your friend if he wants to pay off his loan fast then he should definitely invest in DCA method to get fast profit by investing in Bitcoin and do loan council. (abstaining from gambling) and investing in Bitcoins

You're right, instead of staking my money on gambling I'll rather invest it on Bitcoin. Well,  we all know that they have their risk factors but come to think of it, staking money in an online casino is more riskier, cause gambling doesn't guarantee total success According to experts, also those who benefit from it are not very much compared to people who lose from it.

 Furthermore, I don't think a good number of people would be proud of saying they've benefited from gambling, it takes more than it gives and I think it mostly depends on luck. I've heard people in my area advising their friends not to consider it as a major source of earning a living. Well bitcoin has it's own risks a well and that is due to it's volatility in price.

 Asides that it's a safe heaven and a good investment especially now that the halfing is by the corne. Investing in bitcoin is not a bad idea for instance those who invested heavily in it by buying the dip in 2023 when it was 20k would be probably rich at the moment, that's if they Hodl or bought more cause the current price is above 50k which is about double the amount they got it for in 2023 you can't see such things in gambling.
full member
Activity: 392
Merit: 122
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Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

Gambling addiction is the main reason why your neighborhood elder brother is facing losses. The person who has suffered the most losses due to gambling addiction would surely not have suffered losses if he had adopted some strategy. But investing in bitcoins is sure to make a profit, Bitcoin price was $20000 in February 2023. It has been exactly one year so the best bitcoin investment. Advise your friend if he wants to pay off his loan fast then he should definitely invest in DCA method to get fast profit by investing in Bitcoin and do loan council. (abstaining from gambling) and investing in Bitcoins
sr. member
Activity: 714
Merit: 296
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You are inviting peace of mind when you choose Bitcoin as your long term investment instead of gambling, Bitcoin as investment is like a retirement fund that you will be paid in the coming 10 years, and it's certain, but gambling is like trying to have all those money that should take you 10years in a single day, which one is more realistic?

I don't know how people get lost in gambling so much that it start to affect their lives, are they not just trying to deceive themselves? I am into gambling too but I do it for fun reasons and getting lucky with what I can afford to lose, my gambling doesn't pass using $10 in a week and when I can afford $20 too, in return I only want $100 -$1000 if I am very lucky, how can this small amount ruin my life?

But people are too greedy, if a stranger is a gambler they are probably very greedy, the few I know are so greedy that they risk all money they make from their work to gamble because they want to build houses and have dream cars very quickly, their thinking turn into a source of punishment for them, the lack of facing reality.
jr. member
Activity: 48
Merit: 1
Bitcoin is the best place for investing and people who are into bitcoin investment are really making it. I have never invest in bitcoin before but I have friends who are into it and also benefiting from it.
Because back in the days when i was playing gambling I  have never gain anything form it, since the day I started it, and thank God that I stop it quick because many people who are addicted to it are selling of their property to play gambling. so I will never advice anyone to play gambling but rather investment their money in bitcoin
legendary
Activity: 2716
Merit: 1102
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this is the reason why we must not compare gambling  into investing so this is a sad thing to hear that a person of a service and government is now dealing with such hardship.

try to help them understand the consequences and the possibilities of losing His job.                             

Two things that are fundamentally different are not worth comparing for any reason so understanding for the sake of understanding must always be there for people who make comparisons of these two things. And if there are people from government agencies who are involved in crypto investment, they still don't really understand the consequences of investing in crypto. So it's good to be given a fairly basic and complete enough understanding so that they don't make mistakes in assessing it and comparing it with different things such as gambling.
sr. member
Activity: 1778
Merit: 264
Army teaches patience, discipline and giving life for the country. I don't understand how an army man can become addicted to gambling. Anyway to my knowledge I have never seen anyone get rich from gambling. Gambling is an addiction. When he is repeatedly losing gambling, he should have quit gambling.
If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.
You are correct. If he was not a gambler and had invested in bitcoin, he could have easily paid off the debt and made a good financial profit.

Unfortunately, as Op said, he didn't invest in Bitcoin, even if he invested in Bitcoin, it's likely he wouldn't have that much debt because his debt came from gambling.  Gambling without control does have a bad impact even though it is used for entertainment, but if it continues to be done repeatedly it will make the economy even worse.  Everyone can certainly assess the benefits of investing compared to gambling.  Gambling will be comfortable when players can limit themselves and are aimed at seeking entertainment rather than gaining multiple profits from it
full member
Activity: 224
Merit: 216
Army teaches patience, discipline and giving life for the country. I don't understand how an army man can become addicted to gambling. Anyway to my knowledge I have never seen anyone get rich from gambling. Gambling is an addiction. When he is repeatedly losing gambling, he should have quit gambling.
Even though that army was repeatedly defeated in gambling, he did not stop gambling because he was completely addicted to gambling. To my knowledge the army of any country in the world cannot engage itself in any work without the opinion of the government. The OP's mentioned army got himself addicted to gambling because he thought he could make a lot of money from gambling. But he forgot that one can never get rich from gambling and even he lost his sense of humanity due to which he came back heavily in debt.
this is the reason why we must not compare gambling  into investing so this is a sad thing to hear that a person of a service and government is now dealing with such hardship.                              
It seems to me that investing is different and gambling is different as you have lumped it together. But he of the said army knew nothing about crypto currency i.e. Bitcoin due to which he got addicted to gambling and made huge bets there.
full member
Activity: 2366
Merit: 207
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this is the reason why we must not compare gambling  into investing so this is a sad thing to hear that a person of a service and government is now dealing with such hardship.

try to help them understand the consequences and the possibilities of losing His job.                             
sr. member
Activity: 2030
Merit: 306
Those who don't feel responsible for themselves and their families actually don't deserve pity, they shouldn't indulge in their lust to continue gambling online because they have gambled using money that doesn't belong to them, they are in debt for gambling, I can only imagine how happy they are his life if he didn't lose money because of gambling, didn't have debt because of gambling and made big profits from investing in bitcoin.
I know choosing to gamble and invest is each person's choice, but think again about what will happen to your future, investing, especially investing in Bitcoin, will give you big profits, but gambling will only make you lose money, especially if you don't have the good one emotional control.
Regarding with the responsibilities from some gambler, I don't think all gambler losses their responsibilities with their family and use free money deposit to gambling fund. Actually right bitcoin investment can bring us new hope and expectation in the future but some gambler don't make gambling as profession and only have fun trough get more free time.

Depend on each gambler mindset, they don't try to make gambling have to earn profitable every time and get fun only when stress in working so they don't just fund have been allocated for their family for depositing in gambling account.
During can controlling well with smart money management I think its not really bad although one side scare with some gambler can't controlling their emotional.
member
Activity: 420
Merit: 52
OP, As far as I know as a Bangladeshi it is forbidden to participate in gambling as an army person in Bangladesh but since your neighbor is almost bankrupt by participating in gambling in this case if the army administration department finds out about your neighbor then he may face a lot of problems in his work life and his job There will be a possibility of leaving. So prevent your neighbor from gambling addiction as soon as possible and control yourself from all kinds of criminal activities.
Moreover, you should not encourage your neighbor to invest in Bitcoin because Bitcoin is not legal in Bangladesh, so investing in Bitcoin as an army person can certainly cause a huge loss in his job if the government finds out about this. But if he can invest in bitcoin with utmost privacy then there shouldn't be any problem but if he can't protect privacy then I think he shouldn't invest in bitcoin.
hero member
Activity: 1400
Merit: 655
Bitcoin is achievement
Gambling, while tempting, can be dangerous, as your experience shows. Contrast gambling with investment. As seen by your elder brother's financial crisis, gambling is risky and unexpected. Though volatile, Bitcoin investing offers more control and educated decision-making. Knowledge of risk is crucial.

Imagine his investment in Bitcoin or another currency. Research and strategy could have changed the outcome. His tale emphasizes financial literacy and responsible decision-making. We should consider risks and rewards and balance gambling, as this story warns.
When you compare and contrast between venturing into gambling and bitcoin investment the one that be safer, its obvious that gambling doesn't have full assurance of making profit or to recover your capital, both of them deals with risk and gambling is more risky than bitcoins investment, because your involvement with bitcoin may not caused you harm a gambling may caused because you can't monitor or control gambling but you can control a bitcoin investment, so I think we are all saying similar thing.

This is how sudden gambling can bring to a person , not to mention an ARMY GUY that is trained to have discipline yet now a gambling loser? and maybe can be called gambling addict?
and what this will end , he will lose his job because of such action and to become a family burden , sorry to hear this but he must decide sooner or will be a loser forever.

I do emphasise on this always, because its well known that gambling have to do with risk and mostly the disadvantages is higher than the advantages, so what makes someone to be much committed with gambling and also be a gambling addict is when you start to think that gambling can give you a payment more than your job, and again when you are pausing your losses in gambling,  it's obvious that anyone who is determined to pause it loss will easily get addict in gambling unaware, this like evolution of addiction if you interchanges the meaning.
sr. member
Activity: 2044
Merit: 329
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...

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

Those who don't feel responsible for themselves and their families actually don't deserve pity, they shouldn't indulge in their lust to continue gambling online because they have gambled using money that doesn't belong to them, they are in debt for gambling, I can only imagine how happy they are his life if he didn't lose money because of gambling, didn't have debt because of gambling and made big profits from investing in bitcoin.
I know choosing to gamble and invest is each person's choice, but think again about what will happen to your future, investing, especially investing in Bitcoin, will give you big profits, but gambling will only make you lose money, especially if you don't have the good one emotional control.
member
Activity: 168
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Gambling is a very serious addiction. The lives of those who become addicted to gambling are completely ruined. OP I want to know if the surplus person you gave is experienced with bitcoin, if he is experienced with bitcoin then I think he missed a big opportunity in life. If he had known about Bitcoin, he might not have wasted so much money gambling. He must have invested that lost money in bitcoins and used some of the proceeds to gamble. However, those experienced with Bitcoin may have realized here that it would have been much better to keep investing in Bitcoin than to gamble and lose money.
legendary
Activity: 2086
Merit: 1759
Investing in Bitcoin will bring you hope and gambling will leave you destitute.
Why is it known that many people are rich in China, because they have been taught from childhood how to invest, especially nowadays, crypto makes it easier for people to invest in the long term, for this reason, investment has good opportunities for the future, while gambling makes life worse in the future.

Whatever the reason, gambling and investment are two different factors, investment makes money, gambling costs money, here of course we can judge which one is good to consider, Whatever the reason, gambling and investment are two different factors, investment makes money, gambling costs money, here of course we can judge which one is good to consider.
newbie
Activity: 8
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Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

Gambling is not a solution to profit more bitcoins , Gambling dates back at least to the Paleolithic period, before written history to about 3000 BCE.
sr. member
Activity: 1386
Merit: 326
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Army teaches patience, discipline and giving life for the country. I don't understand how an army man can become addicted to gambling. Anyway to my knowledge I have never seen anyone get rich from gambling. Gambling is an addiction. When he is repeatedly losing gambling, he should have quit gambling.

Army man cannot do anything without the permission of government and one who is a part of army will not do anything that will harm him and is bad for his family and country. Other thing is he is a disciplined person he will not do gambling but sometimes a person is so greedy in order to earn more money that he  cannot wait for his salaries and put his money into gambling in order to enhance money but he loss his own salary too.




You are correct. If he was not a gambler and had invested in bitcoin, he could have easily paid off the debt and made a good financial profit.

Investment in Bitcoin and gambling is very different things and we should make a differentiation between them. bitcoin investment is a popular and successful way of earning whereas gambling is just lossing of money, lossing of trust and lossing of everything so remember that always choose a successful way instead of that way in which you loss your own respect.
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