Gambling risk is higher when we are on Bear Market?

[shield132]

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? ).
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.

[GreatArkansas]

(..)
You don't really lose your bitcoins during bear markets unless you sell them for fiat.

We can also say sell or lost in gambling. Because I am sure that there are some people who started to lost the value of their Bitcoin once they bought it at the peak and lost the value of it more likely 50%.
Because it was just like me, I started become reckless before, especially when the bear market, when the Bitcoin's price dropped below $5,000.

[Duzter]

Gambling should never be an "option" for building wealth. It's already risky when the market is doing fine so why would you even try doing it during a bear market?

You don't really lose your bitcoins during bear markets unless you sell them for fiat.

People never find it an entertaining source. Maybe one in ten consider it an entertaining source while the rest prioritize it a way to make themselves wealthy. This is the common mind of people, to experience a change out of gambling is not possible once we've entered into it. Gambling is risky, and there is nothing as the risk is high according to the market. Whether the market is bullish or bearish when we spend in terms of bitcoin there is no change in the bet value, and if we have the practice of spending in terms of USD then there is little risk on bear market.

[AliMan]

Yes the risk get higher in the bear market.  let's say you buy 1BTC at 10000$ and somehow you reached to 1.5 BTC in gambling and in the meantime, the price dropped to 6000$ so ultimately you lose 1000$. Though you made a profit in terms of BTC.

You have a point, but I think if you keep holding until bullish trend come that is a great idea but if you like the OP example and that is John who was hoping he was going back of what he lost the value of his holding bitcoin. Gambling risk high taker was good, there are chances that you will win. But always remember and know where is your limit. Don't spend too much time on gambling and the money as well.

Holding is much more secure instead of gambling it to some betting games. Risking your holdings at gambling is a win or loss situation which I cannot recommend to any of my friends or a stranger who happen to ask for an advice. Spending and wasting our time just for gambling isn't production, that's why we need to control ourselves by doing gambling in a most descent ways, treating it as past time and recreational activity and no serious strings attached to it.