I think he is not aware about Bitcoin or Cryptocurrency because of which he got addicted to gambling instead of investing in Bitcoin. A debt of 18 thousand dollars is very difficult for a man to repay.
He may be a government employee and he will never be able to pay off his debt with his salary.I think he made one of the biggest mistakes of his life that will cost him the rest of his life. I have little experience with gambling I got quite addicted for a few days in online casino games where I lost like 5000 rupees in my country.Which is like $50 in Bitcoin. Since then I came back from there.From my experience anyone who wants to make money from gambling and get rich quick is making a big mistake.
Topic: Investing in Bitcoin will bring you hope and gambling will leave you destitute. - page 5. (Read 1021 times)
December 24, 2023, 01:40:26 AM
December 23, 2023, 11:20:21 PM
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.
Doing the right thing is not as easy as doing the wrong thing. Gambling is fun, investing in bitcoins is no fun, so you will see more people who will consider gambling faster than they would consider investing in bitcoins. Gambling can also be a way to make quick money, Investment is a slow process. There are many impatient people who cannot wait for their investment to give them profits, so they just choose the fast way which is to gamble their way to profit. It doesn't end up that way for all gamblers, many just like the person in the story in trying to make money from gambling end up running into losses.These 2 options will give you different results if you handled it in a contained manner especially gambling.
You will enjoy gambling if you are just playing for entertainment and is just using spare money.
But when you start loaning money, that's when you will start to have problems after problems.
And so with investment in btc, if you happen to borrow money and lose in the process, it is the same as gambling.
So if you will venture in these 2 activities, you will have less problems if you are spending the money that you can afford to lose.
December 23, 2023, 04:09:34 PM
I believe the majority choose investment. It is a guarantee that you can be profitable someday if you know what you are doing, you made many research about the stuff you entering before you invest. However, there are people who really use to play gambling and I believe those are very rich person especially those people who gamble in Casino. You can be a millionaire in gambling in no time but you can be a nothing at anytime. Investing takes time but really worth it.
December 23, 2023, 03:53:02 PM
We all claim that bitcoin is the future so it's more than just hope but a brighter future as well with bitcoin. Just invest a good amount of bitcoin and be able to hold it for quite consecutive years so you can expect massive profits in the end. But I guess with altcoins, even if you hold it for long term, it can still never guarantee that there is hope waiting in the end.
Gambling on the other hand only promise hope to those who are professional gamblers, but for those who are starting to gamble, losses will be more visible.
Gambling on the other hand only promise hope to those who are professional gamblers, but for those who are starting to gamble, losses will be more visible.
December 23, 2023, 03:17:03 PM
Investing in bitcoin will certainly bring us hope if we chose to invest for long term, the hope and excitement is there while waiting to reap our profits. But that will happen only if you have the patience to hold and the persistency to stick with bitcoin, as others may easily shift into altcoins because they long for short term profits.
While gambling will leave you in destitute, that is for those who spend lot and lose a lot in gambling. But if you only gamble at a small amount occasionally, you will never suffer from huge losses. In fact, you might even gain some small profits.
While gambling will leave you in destitute, that is for those who spend lot and lose a lot in gambling. But if you only gamble at a small amount occasionally, you will never suffer from huge losses. In fact, you might even gain some small profits.
December 23, 2023, 03:09:14 PM
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.
Doing the right thing is not as easy as doing the wrong thing. Gambling is fun, investing in bitcoins is no fun, so you will see more people who will consider gambling faster than they would consider investing in bitcoins. Gambling can also be a way to make quick money, Investment is a slow process. There are many impatient people who cannot wait for their investment to give them profits, so they just choose the fast way which is to gamble their way to profit. It doesn't end up that way for all gamblers, many just like the person in the story in trying to make money from gambling end up running into losses.These 2 options will give you different results if you handled it in a contained manner especially gambling.
You will enjoy gambling if you are just playing for entertainment and is just using spare money.
But when you start loaning money, that's when you will start to have problems after problems.
And so with investment in btc, if you happen to borrow money and lose in the process, it is the same as gambling.
So if you will venture in these 2 activities, you will have less problems if you are spending the money that you can afford to lose.
December 23, 2023, 09:56:40 AM
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.
Doing the right thing is not as easy as doing the wrong thing. Gambling is fun, investing in bitcoins is no fun, so you will see more people who will consider gambling faster than they would consider investing in bitcoins. Gambling can also be a way to make quick money, Investment is a slow process. There are many impatient people who cannot wait for their investment to give them profits, so they just choose the fast way which is to gamble their way to profit. It doesn't end up that way for all gamblers, many just like the person in the story in trying to make money from gambling end up running into losses. 
December 23, 2023, 09:41:39 AM
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.
He cannot be called a gambling addict already he has become a gambling addict. Because he gambled and lost $18,000. 18000 dollars means $18000×126BDT=2268000 in our Bangladeshi Taka. I am sure this person will be totally ruined because he will never be able to repay the debt of 22 lakh 68 thousand by doing government job. However, if the government comes to know about his gambling addiction and such a large amount of debt, his job may be in trouble.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.
Hearing his actions I feel he is a fool as he could have lived with his family very comfortably on his government job salary.
December 23, 2023, 09:39:39 AM
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.
If he had been aware of the concept of bitcoin, he might have opted not to invest and continued with his gambling habits. The fact that he went to the extent of borrowing a significant amount, 18k no less, for gambling strongly suggests that he is already deeply entrenched in the addiction. I don't want to place too much blame on him; life in the army can be monotonous, pushing individuals to seek excitement through activities like gambling. Unfortunately, what might have started as a way to have fun turned into a full-fledged addiction.This situation serves as a valuable lesson about the risks associated with using borrowed money for gambling or any form of investment. It seems likely that he has gained insights from this experience, emphasizing the importance of not risking money that doesn't truly belong to you. When it comes to Bitcoin investment, it's much more interesting when you invest with your own money.
December 23, 2023, 09:33:47 AM
The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling.
I have read the whole thread and I can say that the guy is a gambling addict and his family should take care of him otherwise he will increase the debt by putting more money in gambling. Gambling is not dangerous for everyone but the ones who get addicted to it will face such problems.Gambling for a disciplined person isn't that bad but when someone gambles without responsibility then the result will be like the guy that you mentioned in your thread. The guy might have thought that with gambling he can earn a lot of money and that's the worst misconception anyone can have regarding gambling.
I believe a gambler should first learn about gambling responsibility and he/she should also learn that without limits and with constant losses one can get addicted to gambling and an addict would try his/her best to earn money via gambling to cover his/her losses and ends up losing even more money.
Gambling is a good activity only for the ones who are into it for the fun part of it only, the ones who are into gambling for money should understand that gambling is not a way to riches and if someone thinks that he/she can be rich with gambling then that person isn't really aware of gambling.
December 23, 2023, 09:25:36 AM
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.
He cannot be called a gambling addict already he has become a gambling addict. Because he gambled and lost $18,000. 18000 dollars means $18000×126BDT=2268000 in our Bangladeshi Taka. I am sure this person will be totally ruined because he will never be able to repay the debt of 22 lakh 68 thousand by doing government job. However, if the government comes to know about his gambling addiction and such a large amount of debt, his job may be in trouble.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.
Hearing his actions I feel he is a fool as he could have lived with his family very comfortably on his government job salary.
December 23, 2023, 09:14:29 AM
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.
He cannot be called a gambling addict already he has become a gambling addict. Because he gambled and lost $18,000. 18000 dollars means $18000×126BDT=2268000 in our Bangladeshi Taka. I am sure this person will be totally ruined because he will never be able to repay the debt of 22 lakh 68 thousand by doing government job. However, if the government comes to know about his gambling addiction and such a large amount of debt, his job may be in trouble. 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.
December 23, 2023, 08:35:06 AM
The statement that gambling will leave you with nothing is correct but the more appropriate term would be that incessant and uncontrollable gambling will leave you with nothing because that's more accurate and helps exclude those who only gamble for fun and at the same time it doesn't discourage others that gambling is a total evil that we have to avoid, it's a vice and not a sin, remember that. It's a no-brainer that that's how it will be when given a choice between gambling and investment, investment will always be the choice because we all know that gambling's returns are always negative and the chances of making a positive return is so low compared to investing which is a 50% at best depending on what crypto you're investing on.
December 23, 2023, 08:17:56 AM
Some few people that I know would rather gamble all their money right away than invest their money on anything and slowly watch it grow, believe this, because it's happening for real, everyone wants quick result and bitcoin investment is a very long way of making money, people don't like it and unfortunately it's the best way to make legal money.
The hope that bitcoin brings is a long journey, you will see stupid people saying what if they invested and they died some months later? But I am glad they don't die, instead they see me changing my life with Bitcoin, they just can't do what I did and it looks like I am not from the same world they are from.
The hope that bitcoin brings is a long journey, you will see stupid people saying what if they invested and they died some months later? But I am glad they don't die, instead they see me changing my life with Bitcoin, they just can't do what I did and it looks like I am not from the same world they are from.
December 23, 2023, 07:43:21 AM
~snip
Well, investing that generate hope isn't exactly what investors hope for. 
Investments should be profitable. The chances that bitcoin will bring profit are incomparable and much higher than trying to beat a casino at gambling. At this point, historically, it so happened that bitcoin one way or another turned out to be profitable (if you don’t be stupid yourself), but gambling is the opposite. Almost everyone who plays these games ends up losing money and in debt in the long run. Only a few are lucky.The thirst for enrichment and easy money through gambling leads to stories like the one about your friend. In advertising for gambling, we are shown a completely different picture in order to lure simpletons into this abode of evil, and such stories of failure are not particularly advertised, because it is unpleasant to realize and admit to folks about your failures. As a result, it turns out that isolated cases of winnings in casinos are amenable to publicity, while millions of failures with losses and debts are kept silent.
December 23, 2023, 07:33:03 AM
Gambling and Investing are very different. Different context. Gambling is not a place to make money, gambling is just a game for having fun, and this should not be misunderstood, most people misunderstand that we can get rich by gambling, it is true that there are people who win big in gambling or the lottery, but the chances are small and not much . This is different from investment, although there is a chance of going bankrupt, but if we choose the right investment it will provide a very large return, the opportunity is greater, especially investing in Bitcoin.
Yes, but one person's way of thinking will be different from another person. Gambling and investing both have the same chance of losing and winning, the difference between investment is that we can research it, we process it and we predict it according to developments, which is different from gambling, where the chances depend on the game and each game has different opportunities. When it comes to card games like poker, maybe skill can help, sports betting also requires strong analysis in choosing clubs, and especially depends on luck.
Yes, but one person's way of thinking will be different from another person. Gambling and investing both have the same chance of losing and winning, the difference between investment is that we can research it, we process it and we predict it according to developments, which is different from gambling, where the chances depend on the game and each game has different opportunities. When it comes to card games like poker, maybe skill can help, sports betting also requires strong analysis in choosing clubs, and especially depends on luck.
December 23, 2023, 07:19:00 AM
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.
Well, this is really just that very normal on gambling field if we do speak this kind of conditions or situation on which gamblers would really be ending up on this kind of scenario if they would really lose track when it comes into their finances or having that good judgement on whats wrong and whats bad when it comes to spending your funds. People usually really be that realizing that things that they've done were wrong on which it would be always in the end of the line. We can really make out those kind of comments and concerns considering that they're our family on which it would really be just that right that you would be in concern in regarding the situation.It is really just that sad they would really be realizing things when it had made out that kind of unfortunate situation. There's nothing we can do since its their money that had been spent not ours.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.
So it is really just that normal that learning would really be coming from our past experiences which it didnt result out to be good. Human beings would really be naturally be adjusting according into the situation
that they are facing. If its really that something talks about devastation then they wont really be doing it again but if they wont really be that experiencing any hardship.
Gambling and investing are different and its just that not believable that someone couldn't really be able to tell the difference.
December 23, 2023, 06:38:30 AM
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.
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.
December 23, 2023, 06:29:44 AM
Gambling is very harmful to people's lives. Thousands of families are suffering due to gambling. With posts like Opi's posted an army man can live his life comfortably only because of gambling he is in this situation today. Surely we should all learn from this incident that how harmful gambling can be in human life can almost end a person's life. Of course, if he had invested that money in Bitcoin, he would have had a lot of success in his life today, so everyone should give up gambling.
If you concluded that gambling is harmful then you need to also conclude that trading is also harmful. There are people that had been gambling for long time now and they don't have any problem at all knowing there left form there right. We can make money from the both and we can also make loses depending on how we trade or bet. One thing that is going to help us in any field that we are is discipline. People that are discipline are one of the successful people in the world because they are about to differentiate their left from the right. We need to always try our best making things happen. The main focus should still be on investing because after all this is the most possible way for anyone to do without fear of their bitcoins disappearing in an instant if they do not sell or are not careless in security issues.
Indeed, it may take a very long time to reap the rewards of what we have planted but in the end if talking about the comparison between trading and investing then I think Investing is the most worth it in this case.
However, dont we sometimes undervalue intuition in financial decisions? Combining instinct and strategy can be powerful in Bitcoin's market. Balancing intuition with study and analysis is important. This is measured risk-taking, not gambling.
As you correctly note, most people should invest in Bitcoin. Its a faith in technology's future. This calm and steady strategy promotes sustainable wealth accumulation without impulsive trading.
December 23, 2023, 05:45:56 AM
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.
[/quote
This man might be uninfiemed about bitcoin, may be he never heard about btc anywhere or he despise seeing his money staying somewhere for a long time without giving him fast profit, the mindset of gamblers is that, when they stake the will win no matter what, but unknowingly to them that this game is activity of uncertainty, they forgot that this stuff happens in too ways which is losing or winning, I have always say it that gambling is very addictive and if you want to lose your money and ruin your life then be actively involved in gambling you will now understand that you being addicted is inevitable, just imagine if he invested in any other profit oriented business what could have been his fate now, may be he could have been an owner of a great empire by now, but one is sure, no one is above mistake, we should be mindful of gambling because no matter how we claim to know, the owner of the company must benefit, so be wise.
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.
[/quote
This man might be uninfiemed about bitcoin, may be he never heard about btc anywhere or he despise seeing his money staying somewhere for a long time without giving him fast profit, the mindset of gamblers is that, when they stake the will win no matter what, but unknowingly to them that this game is activity of uncertainty, they forgot that this stuff happens in too ways which is losing or winning, I have always say it that gambling is very addictive and if you want to lose your money and ruin your life then be actively involved in gambling you will now understand that you being addicted is inevitable, just imagine if he invested in any other profit oriented business what could have been his fate now, may be he could have been an owner of a great empire by now, but one is sure, no one is above mistake, we should be mindful of gambling because no matter how we claim to know, the owner of the company must benefit, so be wise.
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