Topic: Investing in Bitcoin will bring you hope and gambling will leave you destitute. - page 3. (Read 938 times)

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.

Is it path of the law in military not to gamble? In work, he has no offense is what I could think and see about this.

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.

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. 

 

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.

Not everyone can gamble responsibly by fulfilling their responsibilities. You may not take gambling seriously but there are many people like the one I mentioned who have lost everything in gambling. The brother I mentioned is a government employee and if he was satisfied with his salary he wouldn't have gambled mainly because his gambling aim was to earn a lot of money overnight. He is now burdened with debt due to his desire to earn huge amount of money overnight. Sometimes we need to learn from what happened to some people so that the same thing doesn't happen to us again. Hopefully the common gamblers have gained some understanding of the horrors of gambling addiction.

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, 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.

That goes back to the person, there are also people who gamble but can still invest in bitcoin, because if that person is disciplined and responsible for the gambling he does, I think he will be able to gamble and invest in bitcoin at the same time.
It's true that if he hadn't gambled before and instead invested that much money in bitcoin investments, maybe he would have made a lot of profit, but that was of no use anymore, he was already trapped in debt, and he had to solve the problem and then learn from the experience to become a better person.

Bitcoin investing is not as easy to learn about gambling as it is about gambling. While watching videos on Facebook or YouTube, it is now easy to come across tempting gambling ads and it is difficult to resist the temptation. Gambling in Bangladesh is illegal and Bangladesh is considered as a predominantly Muslim country and gambling is completely haram according to Muslim customs but still people are not deterred from gambling. If the person who got 18000 dollars in debt by gambling was asked to invest, I think he would have considered gambling more acceptable than investing because he has seen several times the profit of gambling in YouTube or various Facebook videos. If you cannot control your greed, it is not possible to get out of such gambling addiction.

Investing and gambling can be done at the same time. The problem with some people is that they treat both as investing when in reality they don't have the skills to be profitable in gambling. Well, investing in bitcoin isn't that easy also, because if you don't have the patience and discipline, you'll also end up losing, you know, there's a bear marekt that would result to bitcoin dumping so hard, so if someone panic, he might have sold it at a loss.

What I'm trying to emphasize is that nothing is certain when it comes to investing, that's why there's a risk on investing because it doesn't guarantee a profit. While gambling would only make our life worse if we don't know how to handle it, I mean, losing $18k and end up $18k in debt, that's too much stupidity in their, and that is clearly the result of gambling addiction, so he needs to man up, face the problem and solve it, and make sure to learn from that mistake, even the hard way.

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.

 
Honestly, if he had invested in bitcoin, he should have been in good profit by now, but the truth is that not everyone knows about bitcoin investment; many people are just hearing about it, but I don't think they know about it as a good investment.
 
And again, gambling is a temptation. Someone cannot easily say this is how much they want to gamble, and when it reaches that certain amount, they will stop. Gambling is hard to control because it always comes with the hope that you will later win, especially when someone is addicted. I believe this $18k the person is owing; he did borrow it at once. I believe he was borrowing it gradually, thinking that it may recover its losses until it reaches this $18k.
 
I can't really say, but even if this type of person is in the cryptocurrency industry, they will still likely suffer losses like that kind of amount in gambling to scammers because of their aim of making it quickly. If not even in gambling, if some are not eager to make quick money, they cannot continue to waste that kind of money in gambling through borrowing.