You know there are many other minor reasons why people can keep chasing after loses but there are also considered or categorised into one major reason which is greed but we can identify them one after the other.
Just as you have described OP, I can as well say peer group influence can lead to chasing after loses, I haven't been a victim of that in gambling but I've been a victim of peer group influence in a way that it can relate to addiction or chasing losses. For instance if one keeps company of gamblers who are steadily gambling either making profit or not but as long as results are showing it usually creates an urge for the person to also feel among. If in a group almost every one is making good cash out from gambling, the one person left out will find it necessary to prove him or herself not worthless than others hence the competition can keep one gambling gradually without knowing and when they realises how much has been lost, they will immediately start chasing the lost funds out of the competitiveness in such company.

It's inherent for man to always want more hence this more leads to so many things which includes chasing losses in gambling.

Failure does not motivate anyone to do better except the person in question and that is only when they decide to be consistent in that same thing. Perhaps nobody will tell you how hard it was before they made it out but you in your unconscious state of mind should know that nothing comes without a sacrifice hence the sacrifices for the success stories are hard works.

However, in bitcoin the people who tell their stories sometimes at the end they usually advise the people, or they try to pass a message for the younger people and this message tells that they made mistakes and this mistakes are meant to guide you through your successfull edges.

Your also very correct with your notice that people don't really share the sad part of their stories which are more important than the success story itself, because it will guide people not to make such mistakes in their journeys. There are a few who did but people seem not to value those people's stories that's why it's not viral to your hearing.

For real I will certainly I would accept bitcoin specifically as payment method or as salary and I can also accept a stable coin as salary.

But the truth is that it doesn't matter what currency I get paid with whether crypto (bitcoin) or fiat but where it begins to matter is when I want to keep them, perhaps I would never save a dime for future purposes in fiat as they are all known for getting inflated over time but bitcoins volatility can be a good one as long as I'm keeping it for long but if I'm not going to save for up to 4-10 years then I would save in a stable coin but certainly not fiat.

A better option would be what the first person commented which is taking all payments in fiat then use them to purchase as such as you can.

I voted the online casinos not because I'm more hyper focused on the online based casinos but because I haven't been to a physical casino before because here in my county you find casinos most in expensive hotels where few people can afford to visit.

I just thought of the windows and drinks and the other things offered in casinos and the free spin and the rest that are offered in online casinos as a bait to keep you gambling forgetting about every other thing that matters to you instead you stay focused gambling all day. No wonder after some minutes or hours of play you get a free spin just to keep you going it's psychological.

Between physical and online, I believe physical casinos has distractions as much as online casinos too, let's use married people as examples, when the kids run around it's a bigger distraction because you will certainly be concerned with what they are doing. While in physical casinos you can find drunks making mess of themselves and other things could also serve as distractions so for me it's almost same. It only depends on ones choice where to gamble not even the focus fact.

Before hand we are always advised to have a good cash flow and an emergency funds that could last for at least 3-6 months but here in our country it's not too applicable as most of us do not follow the pattern introduced by these people here. But certainly it's the best thing one can do, you can not say you are a long term holder when you don't have anything doing with your life as it's paramount for your well being and a healthy investment.

Most people do not really care about themselves, so doing the right thing is not always there problem until there is a real problem then they will start looking for solution hence selling their assets my be the next option.

I'm not a trader but I believe trading has some prerequisites that onr needs to meet you with before they can begin to gain substantial from the market but when a newbie fails to follow this patterns then it turns out to be flaw in them hence being prone to losses.

Here in the forum a lot of people do not like trading as they only buy and hold but if you're convinced enough to go in to trading I will encourage you to do such but you most know the first and don't that are involved before you can dive in fully.

Additionally I have seen that the difference between crypto traders and crypto investors have been made clear to you. Although we can use the world bitcoin instead of crypto investors because the way it seems it's more about holding bitcoin than any other coin.

The way the world is right now, people falling for scam in the crypto space is mostly self caused issues, a lot of people are just to greedy to them selves to the extent of wanting the whole world to be theirs in twinkle of an eye. Such people always end you get miss lead or bankrupt with such desires. If one can only be very careful or what they are dealing with them cyber crime will reduce because we aid in the process.

In a decentralised world, everyone is in charge of whatever happens around their assets, you much in the best of your vigilant behaviour to survive every attack that comes in the crypto world. Anyways all the list out ways to avoid the attacks are correct and a lot of people has contributed equally to make sure we all stay safe out there.

So many people are so concerned about how AIs will performance in future, whereas they can just update themselves to a standard where AIs will find it difficult to replace them.

One thing I know is certain about AIs is that they are automated and can not adapt to new changes except the programers will have to rewrite the codes in order for them to respond to human changes and that's why it's very difficult for an AI to replace a lawyer as the job of a lawyer is pretty much change prone or adaptive in nature hence AIs can't really have effect in some industries in the world.

I believe you're being biased with your judgements, maybe your experiences and current location or government isn't doing too well even with the natural resources in it. One thing that one must know is that national management is far more important than the natural resources, if a countries management isn't too good I don't except it to maximise its natural resources.

Using UAE as an example and Nigeria my country too, the big difference is national management. If the natural resources in Nigeria today is being maximised then it would been as much as the UAE. Even with the Hydro and Electric based services, I think that will not still push away the values of crude in the world today and in the nearest future.

When there is financial needs it seems money is every thing but at end of getting the money you will find out that there is really nothing in the money. You have to decide whether you will be happy or not because currently the world is not a too good place everything in it revolves around money but when you find these money and along the line you loss the real things that matters such as family, happiness, health etc then you will realise that money isn't everything.

You can make the world a happy place for you, it all depends on you. 

There is one quote I have seen few times and this what it says " Motivation keeps you going but actions keeps you growing" what does that mean? Action speaks louder than voices, it's best for one to be fully in action that keep getting motivations which is not put into practice.

I believe that the ability to take action after acquiring knowledge is what mades up wisdom or it's the real definition of wisdom. Is not enough to acquire knowledge or it's not enough to get motivation but it's better to acquire the knowledge in the process of taking actions.
And that's one characteristics of a successful man. There are fascinated by actions not to promises.

Bitcoin is volatile! Is that not enough reason for the price to fall and rise too?

It's more like a natural phenomenal for bitcoin. It goes up when the market choices to go in that direction, no one is actually in control of how bitcoin price will move. So it's normal to see declines in the price at a given moment, and at some time it goes up too.

Although sometimes there are actually causes of price movement, news can be part of it but yet that doesn't determine how volatile it will be, it's just the nature of bitcoin to always go up and down.

You're very wrong, if you continue with this notion you might end up making bad decisions in bitcoin investment. Bitcoin is not best for beginners in short term rather it's generally best for everyone to invest and hodl for a long term.

Personally, I consider the best time to invest in bitcoin to be any time I have the availability or the capacity to buy and hold, the. It's my best time to invest.

Perhaps it obvious that buying the dip is a very good time to invest as it serves as a discount to one when buying.

Apparently you don't need to much plan to start you can start any where and anyhow, the starting doesn't determine the end.
All you need is the capital and a secured wallet the rest will be learnt along the line. You can also read the suggestions of others.

Bitcoin investment is not a job! So you can just have it in a wallet and go about your daily business except you want to start trading it then you will have to take much of your time to think, analyse and make decisions hence you can follow up bitcoin investment by just checking out what's happening around bitcoin using the forum and other unforeseen resources.

This is up to you. As soon as you make up your mind then you are ready.

First I'm not excepting such a question.

Yes I know a lot of people are fascinated by the likes of their celebrities but does that really make any sense? Like to jump into something because someone you don't know or know as a result of constant watching in movies or music does advertise or show off his or her achievements via a thing that you don't really have good knowledge about. It's more like looking in to a river and decided to jump in then to realise that it's more deep than expected.

Although one way or the other it's good to try out things whether you know them or not but buying bitcoin or investing in bitcoin when you don't really know about it is only going to end up putting the person in a hot soup as when it's volatile nature shows up it will seem like the world is over for such person.
All I say is it's best to research and find out how things work before putting a dime into it instead of trying and then regret your actions.

You're absolutely correct, infact I'm amazed with your responses it shows we think alike here.

From the origin anything that has to do without the government controls seems to be an attack on them. They get nervous, feeling like the world is now on there shoulders. How can a set of people want to own a life that they can not create? There are almost in charge of everything except the breath we take in yet they do not want to let go of bitcoin in particular as it has been a big record that it's decentralised nature is the highest of all time.

Now what ever that will make bitcoin decentralised nature more better is been attacked and destroyed. But one thing is certain, they can not destroy bitcoin whether they like it or not.

I don't really know why this people always use cryptocurrency as an advocate for their selfish interest. Whether during tenure of Biden the rate of arrest/attack on cryptocurrency supporting firms are high or not this politicians are the same, they aren't going to do anything special about the cryptocurrencies all they want is to use that to achieve there interest.

The fact that majority of people in the US are beginning to use cryptocurrency to an extent Trump is just using that as a to get the people's vote but from perspective his never going to help in any way.

Perhaps all of the responsibilities that comes with a non custodian wallet is the price paid for ones security. If you want the best you have to pay more for the extra satisfaction that makes it the best, which is taking full responsibility of everything that happens within and outside your wallet.

It's worth knowing that one does not invest in a non custodian wallet rather one stores or saves his or her assets in a non custodian wallet.

AFAIK, it's impossible to guess the exact 12 words of a wallet. But in the future scenario that you speculated it might be possible for a bug to be found in future for a single-sig wallet because everything usually gets weak as time goes on even the most secured wallet might not be secured in future that's how time evolution works but for now it's very impossible to find the 12/24 matching mnemonic seed phrase of a wallet. That's why a multi-sig wallet is very much safer than a single Sig wallet.

Perhaps this question has been answer several times and if you're new to the forum you wouldn't know if it's has been answered or not but if you're saying other wise then you are still very wrong.

It's no news that governments wants to have control over bitcoin but it's very impossible but they can obviously regulate it's use through various means but the word "Control" is not compatible with bitcoin as they both deviate each other.

Did you just say bitcoin (crypto) is used for criminals? Is there any currency that is not used by criminals? Before there the introduction of cryptocurrency this said crimes that has is been attached to bitcoin and crypto at large has been in existence and transactions has been going on with the governments fiat. I can proudly say the statement that bitcoin and/or crypto is used by criminals is just an excuse by the governments as they do not have any reason for the hate of bitcoin rather than it's a decentralised currency that they do not have control over as they can print as much as fiat they want but bitcoin is 21million limited.

El Salvador has already made bitcoin a legal tender in their country and that had a good effect on the market (temporarily). That's the only country that has seen the best part of bitcoin and decides to adopt it. So if other governments decides to adopt it as a legal tender it's not going to be a surprise.

We have discussed related topics here over and over so if you must know a lot of people already thought of that.

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