It is true, but it doesn't just apply to gamblers who play for extended periods of time; as you mentioned, the longer they play, the more money they lose overall—minus their winnings. However, it's also possible that a gambler's style of betting makes it easy for him to lose money, even though he only plays for a short period of time. Based on my observations of certain gamblers in my town, it seems as though some of them only have limited time for gambling due to other obligations, including work. Therefore, when they gamble, they don't wager on the game if other bettors place small bets because other gamblers want to play and have the chance to win big even if they have a small chance of winning in a short period of time. Of course, they also lose big if they lose the game, and they accept that.

Gambling is not the right place for investing, I don't ever consider the money I budget for gambling to be an investment. Wherever I invest I have an expectation that I will get a good return from that investment. But in gambling one can never expect that. Because gambling is more about losing than winning. So putting money in gambling can never be thought of as anything other than entertainment. Even then, if a person succumbs to greed, considers gambling as an investment and invests. I think that would be the biggest mistake for that person. So every person should consider gambling as a hobby rather than an investment.

Op, I gamble mainly for fun, so I "never" thought of doing anything with the money I made from gambling. As many times as I have won by gambling, I have chatted with my friends. And spent all the money I got from gambling. However, from what I understand from this thread I should also do something to keep the gambling memory alive. Also I made a decision at this moment, if ever I can win big money by gambling. Then I'd like to open a library to hold my gambling memorabilia. So that everyone can come to that library and gain a lot of knowledge by reading books. And at the same time my memory of gambling was revealed to people.

I agree with you, but humans have a tendency not to be perfect. If you have all your bitcoins in 1 wallet, 1 mistake can be enough to lose all. Therefore you should have your Bitcoins split over several different storage options, then 1 mistake should affect only a part of your Bitcoin holdings...

If you can stay away from memecoins in the market, it will help you to avoid scammers, because many memecoins has reduced many investors to nothing in the community because they refuse to embrace potential coins like Ethereum, Solana and BNB in their crypto trading. There is something many investors don't still understand about memecoins, the moment the project is launch in the market, the team behind the project will make it look like what will bring more favour to their investors which are things that always attract people to invest in such project. I don't think memecoins can destroy the image of crypto, because there are many coins you can invest in the bearish season that will give you double income in your crypto trading.

Keep the purpose for investing in bitcoin and proceed. If we can't hold bitcoin yet then we can never prepare ourselves for the bull run on the way to the bitcoin halving and the opportunity to hold bitcoin even if the price drops. Whenever the value of bitcoin falls it is a new sign of the market going up. Everyone's expectations will be met if they wait to see the maximum height.

The best way to avoid scam project is to avoid new project believing that it will it will bring quick profit. Many people thinks the best way to make money in cryptocurrency is to invest in new projects , but new projects is just the easiest way to fall into scam projects.  Their gains in investing in top cryptocurrency,  these cryptocurrencies are very reliable to invest. Investing in new projects is very risky which their is a high possibility to lose money.

New altcoins provide the opportunity to make big profits, but this is directly proportional to the risk, unlike the top altcoins which provide profits but have smaller risks. no one knows which new altcoin will soar high, everyone can only predict, therefore I believe it is just speculation, because many people are also fooled by new projects. I think the main investment remains in the top altcoins, and only a little capital is used for speculative ones, so that money management is maintained until the bullish season comes

In fact, the most important factor here is whether a person has an addiction and how much control he can control himself. If he has lost control of himself, then it is only a matter of time before he stops fulfilling his social responsibilities and starts spending more and more money in the casino or on bets. I know that God helps to get rid of drug addiction or gambling addiction. I say this to your point that even if a person is addicted, he has a chance if he has a regular income