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Topic: Streamer and Crypto Guru Gambles Away Investor Funds - page 3. (Read 395 times)

hero member
Activity: 2996
Merit: 598
Leading Crypto Sports Betting & Casino Platform
We are all susceptible to gambling
Quote
DNP3 admitted that he had developed his fatal taste for gambling through a “sponsored stream” that unleashed “an addiction [he] never knew [he] had.”
this could happen to all of us, we really don't know how we can take it, and our level of tolerance until we are into it, and for anyone who got a taste of sponsorship gambling it becomes a temptation to take a crack on a big win that will not likely to happen in a platform that is based on luck.
I wonder how high the percentage of gambling streamers that are addicted to gambling is because sponsorship gambling is an evil that weakens our defense to control addiction to gambling.
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
he is lucky that most of the people in his community are somewhat sympathetic to him and is being considerate of their comments on his Twitter (at least according to the article) but I'm pretty sure someone will take him to court for what he did despite him regretting what happened.
This does have a ripple effect of with what happened to one of the largest centralize exchanges and what they did with their user's funds in gambling it all away.
Which to me is criminal.
But from what I've heard and seen of what transpired in the past week, many have forgave him and he has admitted to self excluding from that casino inwhich he gambled all his money away also has seeked help for his addiction.
hero member
Activity: 1498
Merit: 504
Quote from: gamblingnews.com
DNP3 confessed to having gambled away all investors’ funds, the result of debilitating gambling addiction which forced him into desperation. DNP3 said that his addiction began unexpectedly, and it quickly took a hold of him.

DNP3 confessed to having spent all money he could find on a popular crypto gambling brand, chasing elusive big wins. “Even when the big wins did happen it wasn’t enough,” the streamer said. He admitted to having lost everything – including not only the investors’ funds but also his own savings.
I knew this guy because i followed him on twitter on his philanthropist activities on the platform also on twitch, that was a year ago, i guess. And was surprised after reading this news.
The act of using the investors funds without their consent is illegal in any way, worst if you gamble it all.

Well, when gambling addiction hits you, no matter how rich or poor you are, this will be a possible illness to every gambler. That's why gambling moderately.

I just read this news which has posted few days ago but never saw this topic on gambling related boards from 1-5 pages. Let me know if there's an existing discussion related to this so i can lock this instead.

Source: Gamblingnews.com
Indeed, DNP3 had to admit his mistake because the action he had committed was a big mistake and had a very fatal risk that could harm an investor on a large scale.
If he becomes addicted to gambling, which he does for a long time, so that he uses investors' money to bet and loses, then he will get into big trouble and can even be punished.
He should have thought long beforehand of everything he was going to do, moreover it could harm many people not only himself.
sr. member
Activity: 672
Merit: 416
stead.builders
The act of using the investors funds without their consent is illegal in any way, worst if you gamble it all.

We need to forget about personalities and familiarization and face the reality that human will always be humanbeings bound to make mistake, misbehave and display funny acts and this kinds makes it more discouraging to using any centralized institutionizations in securing our finances, this may not applies to him alone but who knows maybe that's what others have been doing with people's fund, they gambles with it and when they lost they claim it's an attack, which is common with the centralized exchanges, gambling is good but not when we use other people's investments with us in doing so.
legendary
Activity: 2436
Merit: 1104
he is lucky that most of the people in his community are somewhat sympathetic to him and is being considerate of their comments on his Twitter (at least according to the article) but I'm pretty sure someone will take him to court for what he did despite him regretting what happened.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
I don't understand how someone could do that.
If it's stuck in your brain that it's not your money then you would not dare to use it on anything. Even for emergency purposes. If that person wants to use it in that case then he should first get permission from the investors. What more when it comes to his addiction?
I believe this guy badly needs some help because that ain't normal anymore, in my point of view.
We know where this will go, no one will trust him anymore even his family and he would have a hard time earning the trust back.
legendary
Activity: 2436
Merit: 1366
Addictions are terribly effecting our decisions so we decide in the worst ways possible and manage to do bad. In this topic with streamer is retold story for centuries. No one should believe and trust unregulated person or company with their funds. In best scenario your funds could just be trashed through bad investment choices as well. People who work with money should definitely discipline themselves to stop their gambling habit. Results can be terrible in long run for both of you and your family, and same story can hit news.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
Beside the main moral of the story that gambling can hit you hard no matter who you are or no matter that you can claim that have full control over it,I think it is also very very important for these "investors" to stop throwing money away by investing in a company or business run by someone who is very well known for being a gambler and having gambling habits.I am sorry for these people because they have learned the hard way but this happens when you entrust your money to some gambler,for me anyone who is a gambler should not be entitled with other people money because it is very tempting and sooner or later will happen,it is like that saying "put the livers in the wolf neck and ask him not to bite them",which means it is impossible for such thing to happen.
hero member
Activity: 2156
Merit: 605
Leading Crypto Sports Betting & Casino Platform
Addiction doesn't side with anyone, whether you are rich or not, when you have the intention to pursue victory in gambling, it will definitely make you regret it. It should be noted that self-control in gambling is only for those who are able to control their ambition not to chase victory. However, it cannot be denied that the pursuit of victory in gambling always comes unnoticed and applies to anyone.

Regarding the use of funds, investors hoping to get a double win instead fall on the verge of a big loss. I think his addiction was quite severe because he had the courage to use the funds of investors who put their hope and trust in him. In the future, I am sure that DNP3 will not gain the trust of anyone to manage finances.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
actually what needs to be learned in playing gambling is how to control yourself and not about winning, that's why many gambling addicts dare to do anything to continue gambling using money from investor assets or their own assets, obviously this is the wrong way because it seems he feels confident that he could turn things around and the money he had lost but instead he spent it all
sr. member
Activity: 2282
Merit: 470
Telegram: @jperryC
That's why you shouldn't trust anyone the funds especially when you are into investing, some individuals are getting greedy once they have the money and forget what those is all about. I was just curious what kind of investment they do to him? That was really a risky move even though the streamer has a lot of followers you wouldn't know what will happen.

I hope this would serve a lesson to many people. What happened to the streamer now? I am sure that the investors are in rage on what happened to their money. I was assuming that he is in jail now especially he admitted on what happened to him.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
Excuses, I guess. In the first place, that's not his money he is gambling for which is wrong in any aspect. Desperation will never be a valid reason why you did such thing espwcially if it is concerning other's possessions. Given that he's a stremer and a crypto guru as he calls himself, he should be aware of the possible outcomes of what he did. Maybe he was too confident of his capabilities as a gambler but was not ready for it when unconsciously he used all of his assets first and started to use investors assets with hopes of turning or flipping the table in favor of his likeness but we all know that gambling does not work that way. This industry is full of uncertainties which should make it  needless to say why each gambler should be aware of what he is engaging himself with.
hero member
Activity: 1554
Merit: 880
pxzone.online
Quote from: gamblingnews.com
DNP3 confessed to having gambled away all investors’ funds, the result of debilitating gambling addiction which forced him into desperation. DNP3 said that his addiction began unexpectedly, and it quickly took a hold of him.

DNP3 confessed to having spent all money he could find on a popular crypto gambling brand, chasing elusive big wins. “Even when the big wins did happen it wasn’t enough,” the streamer said. He admitted to having lost everything – including not only the investors’ funds but also his own savings.
I knew this guy because i followed him on twitter on his philanthropist activities on the platform also on twitch, that was a year ago, i guess. And was surprised after reading this news.
The act of using the investors funds without their consent is illegal in any way, worst if you gamble it all.

Well, when gambling addiction hits you, no matter how rich or poor you are, this will be a possible illness to every gambler. That's why gambling moderately.

I just read this news which has posted few days ago but never saw this topic on gambling related boards from 1-5 pages. Let me know if there's an existing discussion related to this so i can lock this instead.

Source: Gamblingnews.com
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