What's your thought about this?
I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
At irst if John bought bitcoins to HODL as you say, it means he didn't bought those coins for keeping it for 1-2 months, he sees long term investment option in bitcoin. So with that spirit, I highly doubt John would turn away from his way and gamble with coins which was meant to be held (HEDL?
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
).
If he lost 50% of his capital and decided to gamble, I think he has to realize that he even increases his chances of losing whole capital if he gambles. With that logic, he could gamble when he bought bitcoins at 18K and play with them to increase whole first time capital and hold that increased capital for future gains.
Sorry but I disagree you.