Be a Responsible Gambler

[Smartvirus]

Borrowing to gamble! What a way to go.
You know personally,  there is nothing to be responsible about when it comes to gambling. I say this because, I don't think there are those that are proud gamblers or take gambling as an occupation. Really,

Are they? Or is it?

Its very wrong, so wrong to borrow with the hope of multiplying through gambling. Its possible but too risky and even the more risky to hope on doing this with someone else's money for which, you've got to pay back. Its never a promising investment and you've got almost zero assurance on what the next outcome would be so, why take so much risk.

So, its best you play only with your spare cash and ensure its what you can afford to loose as relates with investments.

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[death69]

I'm sorry death69 but I have to disagree with you, trading isn't a "better place" as you said or a safer place than online casinos. You can lose huge amounts of money when you invest into cyptocurrencies because they are highly volatile and unpredictable.

There's no need to literally put up a bad meaning on what the user said. Let's use our common sense here.

It's definitely a no-brainer that someone won't think that trading isn't risky. The user just wants to give advice to OP that it's good to focus on trading instead of gambling because of what happened. Then while on trading, of course, we need to manage it well along the way and do everything to keep up with the volatility.

No you're wrong bro, many people don't know cryptos and trading and they arrive here from google, or are just brand new crypto users. Saying it's safe to trade and you can easily earn money this way could mislead them and could get them burnt because of that. Death69 literally advised Vaskiy to trade in order to make more money, that's not a good advice in my opinion, that's a dangerous one and you should be careful if you don't think so.  

~snip
 And try to make $2000 in order to have an initial amount for trading. If you think you can trade, just do it. Trading is a better place than any online casino.

Trading is at least better than gambling. As a trader, I can say that trading is somehow related to gambling if you carelessly make a trade, put an order or let the emotion drive you insanely. But OP says that he intends to trade so probably he does prepare to make money with it instead of throwing his money out of a window like what he did in gambling

Your point is also correct. Trading is also very risky. Even so, if OP intitial decision is to make money with trading, why not let him finish it?

[Wexnident]

Borrowing to gamble! What a way to go.
You know personally,  there is nothing to be responsible about when it comes to gambling. I say this because, I don't think there are those that are proud gamblers or take gambling as an occupation.

But there are. There are professional gamblers out there that participate in tournaments for the cash prize. Tournaments aren't there so that gamblers with no money could participate but rather so that gamblers with money and the mentality to actually know what gambling could participate.

~

~snip
 And try to make $2000 in order to have an initial amount for trading. If you think you can trade, just do it. Trading is a better place than any online casino.

Trading is at least better than gambling. As a trader, I can say that trading is somehow related to gambling if you carelessly make a trade, put an order or let the emotion drive you insanely. But OP says that he intends to trade so probably he does prepare to make money with it instead of throwing his money out of a window like what he did in gambling

Your point is also correct. Trading is also very risky. Even so, if OP intitial decision is to make money with trading, why not let him finish it?

Who said to trade crypto anyway? Trading stocks and letting it make money for you seems to be the best option imo. Crypto on the other hand, is just an investment where you could quickly profit, even with the relatively famous coins, you'd only need 4-5 years for you to realize profit (basing it from history and not a guarantee, since most famous coins right now have grown to quite a price after all), while investing in new coins could get you a gain of more than 300% if the said coin were to ever grow (though they're most likely going to die off after that).

[Betwrong]

Borrowing to gamble! What a way to go.
You know personally,  there is nothing to be responsible about when it comes to gambling. I say this because, I don't think there are those that are proud gamblers or take gambling as an occupation.

But there are. There are professional gamblers out there that participate in tournaments for the cash prize. Tournaments aren't there so that gamblers with no money could participate but rather so that gamblers with money and the mentality to actually know what gambling could participate.

I suppose you mean poker tournaments with $10,000 buy-in and higher. There was even a tournament, Big One for One Drop with $1,000,000 buy-in. That's crazy, right?

A good poker player will never spend more than 1% of their poker bankroll on a tournament entry, so, obviously, most of the time they do need investors. But, it's important to understand that poker pros don't borrow money to buy a ticket. They attract investors who give them the money in exchange for a cut of the possible winnings. If the game is lost, a poker player doesn't owe a cent to anyone.

There's literally no exception to the rule that borrowing money for gambling  is wrong.

[Kittygalore]

That is a big word to say in my opinion because it sounds pretty ironic that you are called a gambler and at the same time responsible, isn't most gamblers forsake their responsibility because they are gambling.

[BuNga_cute]

That is a big word to say in my opinion because it sounds pretty ironic that you are called a gambler and at the same time responsible, isn't most gamblers forsake their responsibility because they are gambling.

The fact that I have found by now has started a lot of responsible gamblers, because usually a gambler who releases the responsibility is
because the gambler is addicted and cannot control himself. So if in such conditions it is very normal that many gamblers give up responsibility,
it is important that we limit ourselves when playing gambling. Because if we get addicted, we will definitely let go of responsibility and can
eventually damage the gambler's life.

[Ultegra134]

I'm sorry death69 but I have to disagree with you, trading isn't a "better place" as you said or a safer place than online casinos. You can lose huge amounts of money when you invest into cyptocurrencies because they are highly volatile and unpredictable.

There's no need to literally put up a bad meaning on what the user said. Let's use our common sense here.

It's definitely a no-brainer that someone won't think that trading isn't risky. The user just wants to give advice to OP that it's good to focus on trading instead of gambling because of what happened. Then while on trading, of course, we need to manage it well along the way and do everything to keep up with the volatility.

No you're wrong bro, many people don't know cryptos and trading and they arrive here from google, or are just brand new crypto users. Saying it's safe to trade and you can easily earn money this way could mislead them and could get them burnt because of that. Death69 literally advised Vaskiy to trade in order to make more money, that's not a good advice in my opinion, that's a dangerous one and you should be careful if you don't think so.  

~snip
 And try to make $2000 in order to have an initial amount for trading. If you think you can trade, just do it. Trading is a better place than any online casino.

Trading is at least better than gambling. As a trader, I can say that trading is somehow related to gambling if you carelessly make a trade, put an order or let the emotion drive you insanely. But OP says that he intends to trade so probably he does prepare to make money with it instead of throwing his money out of a window like what he did in gambling

Your point is also correct. Trading is also very risky. Even so, if OP intitial decision is to make money with trading, why not let him finish it?

No matter what, there's always a risk when you are dealing with money. Although, trading and gambling are two totally different things, which only share the risk factor in them. When you're trading, you have the choice to go for safer options, such as trading for older, established coins such as Bitcoin, Ethereum, Litecoin and so on.

When trading, you are exchanging your asset for something else, so you always have something of value in your hands. Let's suppose you buy Litecoin at a high price and then it crashes, you still have LTC which holds some kind of value.

[mu_enrico]

I feel bad about OP, hopefully he will bounce back. Anyway, what I want to say is about percentage of your net worth for gambling. If you can, don't use over 10% of your net worth for gambling/risky activities. Therefore, if you lose the 10%, that's it, stop playing.

What makes OP sounds so sad is this $47,500 not his play money. This amount won't be a problem if he can make $50,000 a month.

All of us should read the comment below.

Gambling isn't meant to make money. It is pure business, have fun and never be a victim of it.

Thanks!

[Reatim]

That is a big word to say in my opinion because it sounds pretty ironic that you are called a gambler and at the same time responsible, isn't most gamblers forsake their responsibility because they are gambling.

gamblers can be differentiate by their attitude and behavior while playing there are classifications from there.

- Responsible gamblers must have Self control and Limit Budgeting in playing.

- Irresponsible Gamblers are mostly Playing without any plans but to win , that's why what they got is always being Loser and impossible to Take home wins , because even if they are already winning in the end because of no control in desire all will go back to the bankers.

[Swopon]

In gambling, it is true that you can earn more within a very short time which is not always possible from trading. That's why, many people still are choosing gambling rather than trading. But it can be the reason of your unhappiness because of being lost your funds from gambling. It is also true that you may lost your funds so early and also possible to earn early. That's why, you have to be smart and responsible enough to choose.

[carlfebz2]

In gambling, it is true that you can earn more within a very short time which is not always possible from trading. That's why, many people still are choosing gambling rather than trading. But it can be the reason of your unhappiness because of being lost your funds from gambling. It is also true that you may lost your funds so early and also possible to earn early. That's why, you have to be smart and responsible enough to choose.

Gambling can really give out that entertainment at the same time on giving out chances of profits in a shortest time as possible which cant really be possible in trading

on where you do need to wait up for the price to move before you can make out some action or decision to profit take unlike on gambling where you can simply just push that roll button then youre good to go

but eventually this isnt something can be considered to be ideal in terms of potential income that can run on longer runs which is only possible with trading.

You should know how to separate both things because leisure and business cant really be infused.

[livingfree]

In gambling, it is true that you can earn more within a very short time which is not always possible from trading.

I would be off comparing quick profits with gambling and trading, they're always the same in that way and both has the possibilities.

That's why, many people still are choosing gambling rather than trading.

If it's about choice, I'd say that there are more traders than gamblers in cryptocurrencies.

But it can be the reason of your unhappiness because of being lost your funds from gambling. It is also true that you may lost your funds so early and also possible to earn early. That's why, you have to be smart and responsible enough to choose.

Don't get greedy when you've won a few, take an amount that you are okay to getaway from it or take your whole capital and use the gain to continue.

[shoreno]

In gambling, it is true that you can earn more within a very short time which is not always possible from trading.

I would be off comparing quick profits with gambling and trading, they're always the same in that way and both has the possibilities.

not the same because in trading cryptos we have seasons ( btc or alt season ) and if they arent in thier seasons it will be hard to earn huge profit in trading but you can earn huge amount in gambling anytime depending in your bet and luck .

That's why, many people still are choosing gambling rather than trading.

If it's about choice, I'd say that there are more traders than gamblers in cryptocurrencies.

they are equal because gambling and trading offers different service . one is for entertainment and the other is for profit  . if a trader is tired they will play gambling and if a gambler is broke he will go trade to build money .

[Wexnident]

not the same because in trading cryptos we have seasons ( btc or alt season ) and if they arent in thier seasons it will be hard to earn huge profit in trading but you can earn huge amount in gambling anytime depending in your bet and luck .

Well not really, even without considering the seasons, one could still profit off of trading big time if done properly and with a proper amount of investment. Trading still considers luck (and a huge amount imo), just that there are other factors involved which is why it's quite different from gambling.

I suppose you mean poker tournaments with $10,000 buy-in and higher. There was even a tournament, Big One for One Drop with $1,000,000 buy-in. That's crazy, right?

A good poker player will never spend more than 1% of their poker bankroll on a tournament entry, so, obviously, most of the time they do need investors. But, it's important to understand that poker pros don't borrow money to buy a ticket. They attract investors who give them the money in exchange for a cut of the possible winnings. If the game is lost, a poker player doesn't owe a cent to anyone.

There's literally no exception to the rule that borrowing money for gambling  is wrong.

Yep, and I know. It's like sports or eSports teams, they have a group of people backing them that has investors and is connected to multiple industries. It'd be rather rare for a sole individual to actually enter poker tournaments with just him since there's a huge amount of document processing and whatnot I assume, just like how it is with some regulated pro tournaments.

[ethereumhunter]

In gambling, it is true that you can earn more within a very short time which is not always possible from trading. That's why, many people still are choosing gambling rather than trading. But it can be the reason of your unhappiness because of being lost your funds from gambling. It is also true that you may lost your funds so early and also possible to earn early. That's why, you have to be smart and responsible enough to choose.

If they know that winning gambling is not easy, they will not play hard on gambling instead of only playing for fun. But most people who are already playing gambling still do not care about that and are playing gambling to make money. If they can try to trade and already learn to trade, they will see that they can make money. But people already choose what they want, and we hope that they can be responsible for what they did.

[madnessteat]

If I were the TS I would give up gambling completely, no matter what it costs me. $35k is a lot of money. This money can support a family for about 4-5 years without any income, and if you invest it wisely, you can forget about work altogether.  This example is another reminder that trying to win back a player almost always loses even more. Play only with a clear mind and control yourself and your money.

[Kittygalore]

~

The fact that I have found by now has started a lot of responsible gamblers, because usually a gambler who releases the responsibility is
because the gambler is addicted and cannot control himself. So if in such conditions it is very normal that many gamblers give up responsibility,
it is important that we limit ourselves when playing gambling. Because if we get addicted, we will definitely let go of responsibility and can
eventually damage the gambler's life.

It is important to limit our gambling habit but you have to tell that to the gambling addicts and they will probably laugh at you because they have already did it and yet they are still there spiraling out of control because of their addiction.

[Hypnosis00]

If I were the TS I would give up gambling completely, no matter what it costs me. $35k is a lot of money. This money can support a family for about 4-5 years without any income, and if you invest it wisely, you can forget about work altogether.  This example is another reminder that trying to win back a player almost always loses even more. Play only with a clear mind and control yourself and your money.

Gambling is supposed to give fun or entertainment, sometimes we lose control and we lose money, but if we have regretted it and we promise that we mature by learning from our experience, I think we can still enjoy gambling and it's not necessary to remove that in our life.

Remember, nothing bad will happen if we do "responsible gambling".

[peter0425]

If I were the TS I would give up gambling completely, no matter what it costs me. $35k is a lot of money. This money can support a family for about 4-5 years without any income, and if you invest it wisely, you can forget about work altogether.  This example is another reminder that trying to win back a player almost always loses even more. Play only with a clear mind and control yourself and your money.

Gambling is supposed to give fun or entertainment, sometimes we lose control and we lose money, but if we have regretted it and we promise that we mature by learning from our experience, I think we can still enjoy gambling and it's not necessary to remove that in our life.

If you are dealing with  Gambling in rightful manner then yeah you are correct but what people have now are greed in their gambling activities

Remember, nothing bad will happen if we do "responsible gambling".

Absolutely correct. +10 on this one with my 2 cents.

[madnessteat]

~snip~

What kind of gambling enjoyment are you talking about if the guy wanted to end his life? The only person who can enjoy gambling is someone who does not feel the loss of casino funds on his budget. If a guy is gambling with his last bit of money and borrowing money to gamble, it's an addiction that needs to be treated.