Ive read some news and threads saying that stocks and cryptos is dropping low and indeed its true. Bitcoins price drops to $7K and is quite disturbing.
Do you think its the best time for gambling? Given these following reasons.
- A certain loss on holding a coin can be obtained if you win on a bet in gambling and can recover what has been lost to you because of the drop.
- Holding is not that practical because it can be much lowered in the future and better risk it on gambling than seeing it continue dying.
- Trading or Holding consumes more time and risk and it prolongs the pressure of loss in you mind and stress you through out the day and the only way to release it is to risk it in gambling.
As you can see, these things are only successful if you win and much stressful if you dont. What do you choose? What do you recommend? Need some answers.
the best time for gambling is when you feel you own the money so you can go to gambling places and play the games.
- A certain loss on holding a coin can be obtained if you win on a bet in gambling and can recover what has been lost to you because of the drop.
I don't think that every people can easily to win the games since gambling games need luck factor to win and I don't even think that we can recover our money because this is the most difficult things that we can do in gambling. besides that, we need more than luck to recover the money.
- Holding is not that practical because it can be much lowered in the future and better risk it on gambling than seeing it continue dying.
I don't think so because if we hold some good coins, although it's going down, the price will increase in the future and I don't want to risk it on gambling because it's more dangerous for me. we could still hold if the coins are really good and have potential to increase in the future and I think many people still hold their coins too.
- Trading or Holding consumes more time and risk and it prolongs the pressure of loss in you mind and stress you through out the day and the only way to release it is to risk it in gambling.
I agree that trading or holding consumes more time and have a risk but we can minimize the risk if we can buy at low price and if we cannot hold for a long time, we can sell it once the price increase. and for preventing the pressure of loss and stress, we need to learn about managing our emotion in trading so we can make a decision in trading. and yes, sometimes I release the risk and the stress of gambling but I know how much money I should spend so I don't need to use a big money for playing the games.
I choose to hold the coins and only playing gambling for fun and do not use much money. besides that, we need to know when the time for us to stop the games and leave the places to back in our activity.