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Author Topic: How to be invested in Crypto while staying away from gambling?  (Read 1597 times)
winterlemon912
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May 15, 2020, 04:10:05 AM
 #81

I've been around the crypto scene since pre 2013 pump. Been around blackcoin pumps, pinkcoin pumps (all the color coin pumps), all the country-coin pumps (remember those?), every shitcoin known to man.

I even knew about ethereum (commented on page 4 or 5 on their announcement thread) and was a huge believer in the project. .....but instead of sending btc to their ICO site on a summer day in 2014, I sent it to nitrogen sports with the intention of making more btc to send to their ICO.

Throughout the years, I've done similar things with various alts: Monero, dark-coin (DASH), Cardano, you name it. I had them with hopes of holding onto them to watch their value grow...but couldn't...and gambled it away with 3AM challenger tennis, random soccer matches, or baseball over/unders (though, when I go on a binge, I actually start off pretty damn well, but get tilted the moment I lose a few times).


I'm a big believer in the crypto space but it's difficult for me to hold coins without gambling. The thing is, I have no issue controlling myself when I don't hold crypto. I could go to a casino or wherever and not have any urge to bet with fiat. Idk what it is about cryptocurrency. I just get so into certain coins that I want to make more so that I can get a bigger stack to hodl...but then by trying to get more the quick way, I lose it all.


Anyone feel similar?

How do you combat the urge to gamble with your cryptocurrency?
Staying away from gambling is one of the hardest thing to do for those who use to play gambling everyday. You cannot stop gambling instantly because you brain may be damaged due to stress. The best thing that you need to have to stay away from gambling is self control. You need to decrease the budget you use in gambling slow until the budget comes to zero. You can also spend more time with your family so that you can completely forget about gambling. I hope you can stay away from gambling soon.
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May 15, 2020, 06:23:55 AM
 #82

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Staying away from gambling is one of the hardest thing to do for those who use to play gambling everyday. You cannot stop gambling instantly because you brain may be damaged due to stress. The best thing that you need to have to stay away from gambling is self control. You need to decrease the budget you use in gambling slow until the budget comes to zero. You can also spend more time with your family so that you can completely forget about gambling. I hope you can stay away from gambling soon.

   Winterlemon912 you gave a good advice to ThePatient! He need to think about limiting his funds, to try to
lower the time he spends gambling, that will require a self-control, he needs to work on that, steady and slow
and to think about it every day, and practice it!
   I think he doesn't have to stay away from gambling for life! If he learns how to control himself, he can limit
his bankroll and gamble for fun with money he can spare, if he can't do that then it's better to quit gambling for
good!



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May 15, 2020, 06:30:04 AM
 #83

It's easy, just don't gamble and control yourself, don't let your gambling addiction or urge within you affect your investment as we are talking about your possible future success here. With gambling, you can mess up your investment like withdrawing your money when it's not yet suppose to withdraw it.

if you feel you don't have the capacity to gamble, just never expose yourself in a gambling sites, maybe delete all your gambling accounts, you'll be safer that way.

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May 15, 2020, 09:48:59 PM
 #84

I've been around the crypto scene since pre 2013 pump. Been around blackcoin pumps, pinkcoin pumps (all the color coin pumps), all the country-coin pumps (remember those?), every shitcoin known to man.

I even knew about ethereum (commented on page 4 or 5 on their announcement thread) and was a huge believer in the project. .....but instead of sending btc to their ICO site on a summer day in 2014, I sent it to nitrogen sports with the intention of making more btc to send to their ICO.

Throughout the years, I've done similar things with various alts: Monero, dark-coin (DASH), Cardano, you name it. I had them with hopes of holding onto them to watch their value grow...but couldn't...and gambled it away with 3AM challenger tennis, random soccer matches, or baseball over/unders (though, when I go on a binge, I actually start off pretty damn well, but get tilted the moment I lose a few times).


I'm a big believer in the crypto space but it's difficult for me to hold coins without gambling. The thing is, I have no issue controlling myself when I don't hold crypto. I could go to a casino or wherever and not have any urge to bet with fiat. Idk what it is about cryptocurrency. I just get so into certain coins that I want to make more so that I can get a bigger stack to hodl...but then by trying to get more the quick way, I lose it all.


Anyone feel similar?

How do you combat the urge to gamble with your cryptocurrency?
Very original condition...  Undecided But cryptocurrencies offer a magic feature compared to fiat : it's their private key.
Maybe when you want to hold some cryptos, you can just put them in a wallet and hide the key somewhere not easily accessible for you. Or maybe you can use a multisig wallet for them, shared with some trusted people. 

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May 15, 2020, 10:48:13 PM
 #85

Crypto-related gambling sites are for those who want to invest and at the same time wants to play gambling. So there's a lot of gambling platforms in the crypto community because majority of the people play gambling.
It's easy, just don't gamble and control yourself, don't let your gambling addiction or urge within you affect your investment as we are talking about your possible future success here. With gambling, you can mess up your investment like withdrawing your money when it's not yet suppose to withdraw it.

if you feel you don't have the capacity to gamble, just never expose yourself in a gambling sites, maybe delete all your gambling accounts, you'll be safer that way.
I guess gambling addiction wasn't he's referring but the other way to earn crypto without gambling.
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May 15, 2020, 11:46:32 PM
 #86

Anyone feel similar?

For honest, no. I invested in crypto in early 2015, and despite the fact that first bitcoins (before investing some more amount) were received from binary options (it's close to gamble, something like head or tails game) i don't feel any necessity to gamble. So this is something wrong with you, i think you played even before starting to be familiar with crypto. 

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May 16, 2020, 02:24:43 AM
 #87

Like what the saying in investing only invest what you can afford to lose, so is on gambling you must allocate on gambling what you can afford to lose, gambling is a game of chance even in skill-based gambling, luck still plays a big factor you can lose everything if you don't have control on what you are allocating in gambling, only you can control it, either you end up losing everything before you realized it, or you realize it now.

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May 16, 2020, 05:05:28 AM
 #88

It all depends on our skills in gambling and investing If we are good at both we can do both But I think it's better to invest than to gamble Gambling depends entirely on luck and without adequate knowledge, the chances of loss are high. In the case of investment, the amount of loss can be compensated It is something we can withdraw at any time. But gambling cannot be stopped until the end of the game This is why we can participate in investments by completely eliminating gambling.

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maydna
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May 16, 2020, 07:16:49 AM
 #89

It all depends on our skills in gambling and investing If we are good at both we can do both But I think it's better to invest than to gamble

If people can be wise to choose, they will use investing to make money than to use gambling. But people tend to make money from the fast way, and they think that gambling is one of many quick ways. Once they get into gambling, there is no way out from that except they have a strong will to stop gambling.

Gambling depends entirely on luck and without adequate knowledge, the chances of loss are high. In the case of investment, the amount of loss can be compensated It is something we can withdraw at any time. But gambling cannot be stopped until the end of the game This is why we can participate in investments by completely eliminating gambling.

People need to find a legit investment, whether it's in offline or online investment. Most people will follow what other people say without searching for more info about the investment because they believe with that person that tells them to invest in one program. You can stop the gambling game if you want, but you need to have the power to say no/stop to yourself.
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May 16, 2020, 08:40:43 AM
 #90

Like what the saying in investing only invest what you can afford to lose, so is on gambling you must allocate on gambling what you can afford to lose,
There are many gamblers that wanted this to use as strategy but we also know the urge of gambling in which addicting and tempting that if we lose part of our mind tells us that we can win all back just by hitting jackpot so the plan change when we sits on the table.
gambling is a game of chance even in skill-based gambling, luck still plays a big factor you can lose everything if you don't have control on what you are allocating in gambling, only you can control it, either you end up losing everything before you realized it, or you realize it now.
Luck is always the one needed to win,but in some areas of gambling skills are also take part in which even without big luck but if you are skilled then chance to win is also there.
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May 16, 2020, 09:10:10 AM
 #91

Many investors can invest in crypto without doing gambling. Although there are some who are still gambling while investing, they only gamble a small portion of their total holdings of crypto coins.

I think your plans with regards to crypto in the future will help you change your mindset towards investing on it. I see that you can't control yourself too since you can invest but there is the desire on you that you want to hold crypto coins more within a short amount of time.

Think on how will you use your holdings in the future. Think on where will you use your holdings after a certain amount of time. Think of a long term and not short term and change your thinking with regards to investing. Invest only and not gamble at all. Seek help with your friends too who are expert in this aspect they can help you.

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May 16, 2020, 11:19:41 AM
 #92

Many investors can invest in crypto without doing gambling. Although there are some who are still gambling while investing, they only gamble a small portion of their total holdings of crypto coins.

That's possible, there are people who are good in controlling themselves and they know what's their aim really.
Investing while gambling at the same should never be a problem if you don't have an issue in controlling yourself, because it's just right to know how to gamble when you are investing in a gambling platform..

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May 16, 2020, 03:12:30 PM
 #93

It's easy, just don't gamble and control yourself, don't let your gambling addiction or urge within you affect your investment as we are talking about your possible future success here. With gambling, you can mess up your investment like withdrawing your money when it's not yet suppose to withdraw it.

if you feel you don't have the capacity to gamble, just never expose yourself in a gambling sites, maybe delete all your gambling accounts, you'll be safer that way.
This isn't easy for some people, when you're in that moment where you plan to save your crypto you'll sometimes start to feel that urge to gamble. Stopping right away might be too much for OP, winterlemon's suggestion is a good start for stopping an addiction since not everyone could adapt that fast others take several steps to completely stop it. Deleting your accounts isn't necessary imo because this could encourage you to gamble in other casinos.

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May 16, 2020, 03:40:14 PM
 #94

See cryptocurrencies are not just about Gambling , it does make a very good token for the sites therefore there are many companies related to gambling interested in exploring the cryptocurrencies. The games are very enjoyable and easy to play and you cannot just play only once honestly. I was in a campaign which required me to make only 15 spins , I ended up making 40 of them and loosing a good amount 😂✨. See Gambling can easily become an addiction , but you need to learn to control your senses , the sites are very specifically designed for the users , they used all the biological experiments to make sure you gamble without any bounds . You can medicate and keep track of what you are loosing and what you are earning.

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May 16, 2020, 03:53:01 PM
 #95

I experience same thing but I tried to fight the urge to not gamble the crypto I have which is btc at that time then I made myself think that the crypto I have is big amount even though in real understanding it's not big amount and I manage to control myself not to gamble the crypto I have. So basically, it's self-control you have to do.

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KnightElite
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May 16, 2020, 04:14:59 PM
 #96

I experience same thing but I tried to fight the urge to not gamble the crypto I have which is btc at that time then I made myself think that the crypto I have is big amount even though in real understanding it's not big amount and I manage to control myself not to gamble the crypto I have. So basically, it's self-control you have to do.
It is easy to say self control but it is hard to do especially for those people who are trapped in overcoming their addiction to it. Addiction in gambling is not a simple topic and that is why we should deeply understand about it.

There are many people who are still addicted to it even though they lose huge amount of money many times maybe because their emotions are now attached to it and that is why they cannot escaped the addiction.

For those people who want to escaped and have a new life, it is better to consult professionals because they are the ones who are knowledgeable and their skills and their information can help us to understand the addiction and how to overcome it.
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May 17, 2020, 09:58:06 AM
 #97

I experience same thing but I tried to fight the urge to not gamble the crypto I have which is btc at that time then I made myself think that the crypto I have is big amount even though in real understanding it's not big amount and I manage to control myself not to gamble the crypto I have. So basically, it's self-control you have to do.
It is easy to say self control but it is hard to do especially for those people who are trapped in overcoming their addiction to it. Addiction in gambling is not a simple topic and that is why we should deeply understand about it.

There are many people who are still addicted to it even though they lose huge amount of money many times maybe because their emotions are now attached to it and that is why they cannot escaped the addiction.

For those people who want to escaped and have a new life, it is better to consult professionals because they are the ones who are knowledgeable and their skills and their information can help us to understand the addiction and how to overcome it.

That is why you should always check your control in gambling, because if you already reach the point of losing your "self control", you are now in a different level. Agree with you that it is now way wider than "self control". They are now addicted to the whole process of gambling, not just by winning anymore, loses will not make them stop too. Professionals are needed with the support of the family and friends.  It will not work too if the addict himself didn't accept the fact that he isn't in control anymore, he should be the one asking for help, and he should be willing to cooperate.

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May 17, 2020, 10:12:47 AM
 #98

It's up to you nan, you are the one who can answer some of your questions. Everyone can stop gambling if they can really do it. Investing is pretty much better than gambling because you are saving you money and it profitable in the long term run.
If you can control yourself from staying at gambling then that's good because the money that you are going to spend from gambling would be great if it would be placed for investments.

You can do it, bro, just think about some other things to do. Like spending your time with your family or playing some games, just focus on some other things so you would not the about to gamble anymore.
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May 17, 2020, 10:50:14 AM
 #99

How would you handle the issue assuming you have thesame gambling problem (specifically self-control/addiction problem) in physical life?  I'd probably advice you to treat gambling addiction (if that is the issue), maybe by quitting bit by bit if you can't quit immediately. If you aren't profitable after spending alot of time betting then you'll need to look for something else to spend your time and money on.  
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May 17, 2020, 11:16:54 AM
 #100

Sometimes I feel that our whole life is gambling. As for me I trust only Bitcoin, I read about altcoins some years ago, but decided not to invest in it.
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