Topic: Investing in Bitcoin will bring you hope and gambling will leave you destitute. - page 2. (Read 938 times)

If the person can have an open mind about bitcoin and he intends to invest his money in bitcoin, he can make a profit. But the problem is that he was familiar with gambling before he knew bitcoin so he preferred to spend his money on gambling. He also borrowed money to continue gambling, which was a mistake he should not have made. He already has a fixed salary so he shouldn't have any problems with gambling activities because he can allocate some money.

But because he prefers to gamble more often or with a lot of money, he has to lose all his money. He also has to pay his debts, and hopefully, he can pay back all his debts on time. This is a lesson for all of us that when we are familiar with gambling, we must be more careful.

Yes that's correct.People consider gambling to be illegal and disastrous because its outcome can be wrecking.But I think its going to be a good idea if someone can or could try both sector maybe one at a time.
 Gambling is not a good choice to gain extra cash but people enjoy gambling so much.Although I've heard several news of a man making millions through gambling but could it be that he cashed out in a dubious way,because we all know what gambling is and of course it shouldn't be for the weak because its a riskier venture.Gambling is uncertain and it cannot save tour finances.

Well, this is not his well-to-be debt of $18k, no body wants to lose his money in fact in gambling a person can come just to. increase the money he uses. Your elder brother did not want this situation but we know gambling has no sense or emotions to look whether the person is going in profit or loss it is just a game of luck and your brother's luck is not good.

Wise people always say that gambling within limits if you exceed your limits will destroy you and the same case happened to your brother. He came to get money quickly but lost his money, in my view if he invests all this in BTC or any physical business I am dam sure he will have a huge amount double of it.

It's not surprising anymore to see gamblers being addicted in betting and end up with gambling addiction. Gambling itself when abused will eventually lead you to a huge loss or make you buried in debt. But we know that does not end there. You can still get out from addiction if you wish to and see yourself recovering, that is if you want to see positive changes, otherwise you will end up broke because of financial damage.

While gambling can make you lose and leave you destitute, but some extra lucky gamblers have experienced the irony. Gambling made them rich instead, but we should not hold on to that as most of the gamblers still end up with great financial loss while they keep on taking an edge over their gambling urge.

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.
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.

It is true that not everyone is lucky in gambling and many of those who become addicted come back in debt.
Many people think that gambling can change their normal life for which they get addicted to gambling.
But those who are a little aware will never get themselves addicted to gambling and even prevent others from getting addicted to gambling.
Think about OP's local elder brother who despite being a govt servant got himself addicted to gambling and put his family in total danger by going into debt.

The problem is, not everyone is interested to invest in bitcoin. Probably because they still think that bitcoin is a ponzi scheme, and would still end up losing their capital if they risk investing in bitcoin. People instead think that gambling is way more reliable and profitable than bitcoin investment, but only realized in the end that there's no big winner in gambling, only big loser. And only those who have been gambling for quite long understand it, as their losses have clearly outnumbered their profits.

Reality is Bitcoin will give us hope if we are also hopeful throughout the process. But for those who invest just to satisfy their greed, bitcoin will only make them frustrated. However, gambling may leave us destitute if we are incapable to manage its risks, but if we gamble on our spare money and on our free time, we will never lose a lot with gambling.

Losing a huge amount of money and ended up with huge debt as well are the worst. We often realize our mistakes after we lose our money and it's sad that we have to experienced such before learning something. If only the money is use to invest in Bitcoin (or in other opportunities) the result might be different.

Gambling is never a way to gain money, it is only possible if you're lucky. Therefore it should be treated as a way to entertain ourselves and not to grow our money. I just feel sad for the father who support his son to get a job yet the son didn't value everything he had.

Investing correctly will definitely make you a good profit. But if the investment is chosen incorrectly, the capital or money used is a waste; it's that simple. But in the times we're here today, cryptocurrency is a win-win for a lot of people who understand the crypto space.

They will surely benefit the most when the bull run comes for sure next year. Because I personally see a lot of potential cryptocurrencies that will really kick the price value at the height of the Bitcoin bull run.

Your focus on learning from others' gambling mistakes is smart. There's a fine line between cautious advice and squandered opportunities. Responsible gambling involves planning, risk management, and the excitement of the unknown. A skill that can be improved.

Your friend's debt: default over repayment? A dangerous move. Its hard to struggle to pay off debts, but honesty matters. Repayment restores trust and accountability, not just money. Defaulting may appear easy, but it has legal, moral, and personal ramifications. Gambling is about risk against profit. While learning from others is wise, doing it yourself with control and understanding is invaluable. Balance means understanding when to risk and when to retreat. The actual art of gaming and life.

Yes correctly said. Gambling can never brighten people's future but leads to destruction of people's future. There are also many gamblers who have become addicted to gambling.They become addicted to winning and forget all humanity in the hope of making more money. I have also seen many gamblers who sold their land to gamble but ended up in debt and never made a profit.

Gambling never makes people successful. Gambling only leads people to destruction. If one person in a family is a gambler, the family is destroyed because you will gradually become addicted to gambling and you will fail again and again. There are many people in our society who get addicted to gambling without thinking about the future of themselves and their families. They think gambling can make them rich overnight. With this idea, they repeatedly proceed to gambling.  They resort to gambling to make up for lost money and gradually become destitute. You don't get addicted to gambling and wait for bitcoin investment to get good profits which will gradually lead you towards success.

Don't know about you but I didn't suffer that consequence that you're talking about gambling because I'm smart, I didn't have to learn those lessons the hard way, more like I've learned them from the people around me that have made that mistake, that's the wisest move which is to learn from the mistakes of others and heed the advice that they've got about those experiences and so you don't have to experience it anymore. Definitely he can do the repayment but to me, depending on where he's from, he's better off defaulting that money in a way that wouldn't land him a jailtime because repayment is going to be a worthless hard work for him, not being able to enjoy the fruits of your labor because you're paying that debt, I guess that's part of the punishment.

Gambling addiction consumed him in such a way that he could not control himself. He regularly participated in gambling and lost which resulted in him being heavily in debt at one point. A gambling addict may never think like you. He will always busy himself to get more.

Of course things are very different between the two because people who choose to invest of course have thought about their future and some people who gamble will really depend on how they play the game, if they can control their gambling activities it certainly won't get them into trouble. finances and if they cannot control themselves they will certainly experience an addiction to gambling, of course this is very different.

Indeed, it would be better for us to gamble for fun and not become addicted to gambling so that we can still invest and if we choose to invest in Bitcoin, of course this is very good for long-term investment and this will be very profitable for us if we can hold on. ourselves for desires we don't need and use the income we have to invest in Bitcoin.

That is a very unfortunate situation your elder brother is going through, especially now during the Holidays. We can tell here anything we want to express how irresponsible he was to have put so much money at risk without prioritizing his investments, sources of income and professional career in first place, but the damage is already done and everything we should care from now on is encouraging him to rebuild his financial life, with the learnship in mind of the mistake he commited and that must not be repeated! What happened was useful as a lesson that will prevent him from wasting money in gambling futurely, but now the focus has to be in finding a job, making money and growing his patrimony.

I believe it's being hard for him to deal with all the negative emotions and possibly regrets hammering his mind day and night. He needs support from the family and friends to start again. Give him strength and hope that the currently obstacle can be overcome and that futurely he can achieve much more than 18,000$ if he struggles towards this objective. If you have health, you can keep fighting and trying, but if you give up, besides not achieving anything, you will also lose your health, because that is what happens when we are consumed by negative emotions on the long run.

Investment on Bitcoin is always a win - win situation whereas gambling has a lot profits bigger than that of Bitcoin depends on the amount of money or the time of accumulating that Bitcoin.

Bitcoin will definitely give you profit over the years than what gamble will give despite how small your portfolio is their must be something added on top of the case

Unfortunately these are one of the few cases of consequences of being a gambling addict and such a case mentioned by the OP had painted almost all gamblers in a bad light, the fact that he is an Army personal I am expected him to be well disciplined in all ramifications and should have gambled responsibly unfortunately he would end up bankrupt because he has to repay a whooping $18,000 which would take many months to repay all his debt, meanwhile the OP is pained that his Army friend didn't invest in Bitcoin which could have earned him more profits but I don't know why he didn't advice his Army friend to invest in Bitcoin earlier.

Bitcoin and gambling are two different things and they shouldn’t be interlude with one another. Gambling can be compared to investing in altcoins but for bitcoin it is totally different from that perception. Bitcoin is less risk while gambling and investment in altcoins are full of risk that can left you to emotionally downcast if things doesn’t go as planned. For those that have taken a career of future path through gambling, they should know that it is not worth it and it should just be for fun. If they are looking to make long and lasting investments that can make them rich overtime, they should rather invest in bitcoin.

As he was in the army for 8 years, he was well paid in those 8 years and even got an increase in his salary. I don't understand why he got himself addicted to gambling was he not smart. He served in the army for eight years, which is 96 months.In our Bangladesh, the salary of a common soldier is minimum 20 thousand taka in basic condition. If his full salary in eight years is considered to be twenty thousand then our Bangladeshi Taka is 19 lakh 20000 Taka. This amount of money is enough to spend a person's whole life comfortably.

But he chose gambling to earn extra money and eventually came back heavily in debt. This debt of his will be very difficult for his family to bear as their family is middle class.