Investing in Bitcoin will bring you hope and gambling will leave you destitute.

[Fuso.hp]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

[1714909473]

1714909473

[1714909473]

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[Blitzboy]

Gambling, while tempting, can be dangerous, as your experience shows. Contrast gambling with investment. As seen by your elder brother's financial crisis, gambling is risky and unexpected. Though volatile, Bitcoin investing offers more control and educated decision-making. Knowledge of risk is crucial.

Imagine his investment in Bitcoin or another currency. Research and strategy could have changed the outcome. His tale emphasizes financial literacy and responsible decision-making. We should consider risks and rewards and balance gambling, as this story warns.

[bitterguy28]

This is how sudden gambling can bring to a person , not to mention an ARMY GUY that is trained to have discipline yet now a gambling loser? and maybe can be called gambling addict?
and what this will end , he will lose his job because of such action and to become a family burden , sorry to hear this but he must decide sooner or will be a loser forever.

[Oshosondy]

This is how sudden gambling can bring to a person , not to mention an ARMY GUY that is trained to have discipline yet now a gambling loser? and maybe can be called gambling addict?

All he worked for was lost to gambling. He is also having $18000 debt to pay because he gambled and lost the borrowed money. This is just another example of someone that is an addict and that needs to just quit gambling. It will start from I can double my money, I can use gambling to earn, but leading to losses. After several losses, I do not know why some gamblers will still continue to think that they can earn using gambling.

and what this will end , he will lose his job because of such action and to become a family burden , sorry to hear this but he must decide sooner or will be a loser forever.

Is it path of the law in military not to gamble? In work, he has no offense is what I could think and see about this.

[bluebit25]

Life inherently has too many choices for us the right/wrong of that action reflects how that object has responded to it. It's not just about profit/loss, because that can happen in any field, but in the case that the OP mentioned, I think it's like a challenge for that individual in life. There is no guarantee that the beginning and the end will have good results. I am also involved in both the gambling and crypto fields, so I know fairness in each field, the level of ability of everyone in the general field will reflect the results.

But anyway, I feel sorry for them, but honestly, no one can help them but he himself must change to fix what has been done. At a responsible age, I think he needs a lot of encouragement to get through this stage, and don't blame him because everything happened.

[Natsuu]

Investing in bitcoin and gambling are not mutually exclusive. I mean you can do both and be respondible for both

If you enjoy both or any of them, manage your risks and enjoy. Choices in both investing and gambling are possible. It's crucial for people to approach these activities with caution, set limits, and be aware of the potential risks involved. Balancing these pursuits with a thoughtful and informed approach can contribute to a more secure financial situation for anyone. I mean too much of anything can be dangerous right? It doesnt only relate to gambling.

[ImThour]

That's why they say to never gamble more than you can afford and the fact that this person used debt money to gamble is horrendous.
I feel bad for him and I am sure he might be feeling so useless however let him know that to focus on his job and try to recover as much as possible from it.
That's the only possible solutioon for him to work this out.

[blckhawk]

But that's not how the world and the mind of an individual works unfortunately, they can do what they want with the money and not everyone thinks long-term when it comes to financial stability and so we have people like this that risks it all in gambling in the hopes that it can help them get out of the poverty that they're in and not everyone has the patience to wait for their investment in bitcoin or any other investment to mature to the point where they basically doubled their investment, all we can do in this kind of situation is to learn from it and see the mistakes that they've done as a lesson, we can't force them to live how we live and follow the same mindset but we can always do this, tell stories about what they've done and hopefully help a lot of people learn a lesson or two about this kind of stuff.

[btc78]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

even though i do not have a debt of $18k i still know the general feeling of having a debt and feeling of directionless in the sense that i would not know where else to get the money so i can finally pay for my debt

we all know that gambling in itself is risky and it seems like the person in your story tried to cover the $18k he lost by playing more which is already a mistake you should never do when gambling: trying to get back what you lost
it’s very possible that this person got addicted to gambling but like you said there was no history of that

does he know about bitcoin? i know other people are not our responsibility and we should try to limit dsiclosing that we own bitcoin to other people but perhaps he would understand how different his life might have been if he had invested in bitcoin instead of gambling

[CODE200]

That's why they say to never gamble more than you can afford and the fact that this person used debt money to gamble is horrendous.
I feel bad for him and I am sure he might be feeling so useless however let him know that to focus on his job and try to recover as much as possible from it.
That's the only possible solutioon for him to work this out.

It's addiction at it's finest, that's how an addict operates, they need to get their fix on their addiction and so they either do desperate things that a normal person wouldn't do even in their desperate times and it could be at the lowest of the worst is to ask for a loan that will continue to pile up and get hard to be paid especially if it came from a loan shark at the highest of the worst is turning to a life of crime, the former is much prevalent on those who are drug addicted though but the point is that addiction makes you do things that will require your dignity. I do feel bad too but what could've he had expected to happen when he used that loan to gamble?

Gambling should be for entertainment purposes only especially if you're not a billionaire that won't mind losing millions in slot machines, even if there are people that have their lives changed because of gambling, that doesn't mean that it's going to be the same for you.

[elevates]

There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

I8K in USD is a big amount for anyone residing in Bangladesh. This is a practical example of a gambling addict who will not stop until he has lost everything to fuel is gambling obsession. The problem with this person would be the same as all other gambling addicts face, chasing the loss and ending up in a pile of debt. I can only sympathize with his father and his family for going into debt because of his son's addiction. I do not think he would have every thought about Bitcoin or even investing that kind of money into something. An addict won't look into those aspects of life as they are chasing a dream which only a handful have ever achieved.

[abel1337]

After making a big mistake, there's always a regret in it. Even you are not the person in debt, there would still be realization. What you elder brother makes it on gambling and win millions racks, would we still have the same idea about investing on bitcoin where the return is far from millions possible earning on gambling.  Maybe your elder brother don't know about bitcoin and only knows about making big money on gambling.

What I am saying is the different point of views from each of us individual. Majority of us like/want to invest on bitcoin because we believe that it is profitable. The risks evaluation is also different from person to person, personally I think that investing on bitcoin has a less risks than playing gambling for profits. It's the point of view and understanding of what we are doing.

At the end of the day, we can't turn back time and make your elder brother understand that it's much more possible for him to profit by investing on bitcoin. The only thing he can do now is to move forward and pay the gambling debt he have.

[Hewlet]

Gambling is not for everyone. It you're not strong and well disciplined enough you shouldn't think on gambling at all.

So many persons have ran into debt because of greed while gambling, it's a bit reasonable to gamble with your spare money but if borrowing is the only means of funding you gambling habit, then you should know that it is high time you put a stop to it.

Leaving an isolated life could leave one to becoming unguided  addicted to vices like gambling and once this happens, it takes serious effort before such a person can to recovered from the spirit of gambling.

[naira]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

In general gambling is easier to understand and understand but we need to learn a lot about Bitcoin including how it works and why Bitcoin is the investment  asset of choice. So you just need to ask your brother if  he has heard of Bitcoin before? If not, it means it is normal for him to gamble without having other options to gain profit. But on the other hand, if he already knows about  Bitcoin in general but still continues to spend $18K on gambling, it means that your brother has agreed to the risks of gambling and doesn't  care about Bitcoin investments.
We cannot dictate to those closest to us to invest, but providing them with the knowledge and goals of Bitcoin is something  that needs to be done, the final choice is in the hands of each individual.  Because the passion for gambling is greater than investing.

[lovesmayfamilis]

Knowing the average cost of living in your country, the debt seems very high. The question is, who could lend such amounts to your friend? If he was in debt, he could not regularly borrow from the people he owed. Don't you socialize in the same circle so as not to help your friend increase his debts? For some, the passion for the game turns into addiction, and there are always people who, seeing something like this, behave one way or another. Someone had to stop your friend; otherwise, he seems like a lonely person whose fate is indifferent to everyone.
Did your friend know about Bitcoin? Although such people always need to spend money, they will find it very difficult to save.

[KiaKia]

This is how sudden gambling can bring to a person , not to mention an ARMY GUY that is trained to have discipline yet now a gambling loser? and maybe can be called gambling addict?
and what this will end , he will lose his job because of such action and to become a family burden , sorry to hear this but he must decide sooner or will be a loser forever.

How can you say such thing? Discipline on the battle field is different from gambling discipline, don't you know? All discipline are not the same, as a soldier man who have no single experience about gambling he will still become a victim to everything that makes people get addicted to gambling.

Two soldiers fell victim to ATM card over here some days ago, there was a illegal camera installed in this ATM machine that's taking videos of people's code and passwords and this cost them heavily, their accounts were both drained, tell me where discipline should have played out here?

Stop trying to prove anything mate, you should be the one that think about it very well, been discipline doesn't mean you will fit in every situations.

[livingfree]

We can always conclude and compare situations like this with people that have been rekt by gambling into spending it to invest in Bitcoin.

That's always the case that "only if" they've done that then they're in profit now. But unfortunately, they're not in the situation to think about investing.

They've chosen that path of gambling their money and even taken a debt because of it. The guy is certainly addicted to gambling and no one's gonna stop him but will be knocked out by the reality with that debt.

[MoonClubCom]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

I fully agree with you. I believe that responsible gaming should definitely be the biggest trend for online crypto casinos in 2024. I notice that many platforms are working in that direction (self-exclusion, limits, and other stuff), but as long we still hear heartbreaking stories like this one, the problem isn't solved.

[AicecreaME]

You can't blame those people who lost a lot of money in gambling, because maybe they are more on after for excitement, thrill, while hoping to earn money.

The only mistake they always make is that they are engaging in gambling without any knowledge about it and self-control, and if I'm not mistaken, all of them are in favor to the house because they have to make a certain bankroll per day for their gambling platform to keep on running. That's why most of the time, players always lose, it's just about how lucky a certain person is in gambling to earn huge profits.

[Nrcewker]

You need to understand that both has some sort of risks and equivalent amount of return. If you invest, then you take less risk and hence your rate of profit will be also low. Now when you gamble, you take high risk and in a similar manner the profit is also high. Now depending on the user’s condition and necessity he will do either one of the following or any one. Really OP, the people can’t be blamed here, they gamble and they have to be responsible for their own actions only.

[peter0425]

He must be facing something that he turn out to be a gambler because as an army ? they have a lot in mind specially in saving their life and the country so being in gambling is the last thing they will ever do.

What made me think is why on earth that gambling sites in your country allows  gambler to have that credit? a 18 thousand dollars is such a  huge amount that if he instead invested in bitcoin surely he will make more than double that.

[sokani]

There's a saying that good things doesn't come easy and it takes time. Bitcoin investment as we know is long term and it requires patience. Gambling on the other hand, is a get rich/lose money quick venture and it requires skills and discipline. The dude opted for the easy way out and got himself into a mess, and that's gambling for you, it can reduce a man from riches to penury. If he had invested such amount of money in Bitcoin when it was $20k - $25k, he'd have been beaming with smiles now.

[Fuso.hp]

Knowing the average cost of living in your country, the debt seems very high. The question is, who could lend such amounts to your friend? If he was in debt, he could not regularly borrow from the people he owed. Don't you socialize in the same circle so as not to help your friend increase his debts? For some, the passion for the game turns into addiction, and there are always people who, seeing something like this, behave one way or another. Someone had to stop your friend; otherwise, he seems like a lonely person whose fate is indifferent to everyone.
Did your friend know about Bitcoin? Although such people always need to spend money, they will find it very difficult to save.

In our country, government jobs are viewed very highly. I have a government job, if I want to take a bank loan, I can take a bank loan very easily. Not just bank loans, I am serving in the army and if I want a large amount loan from my relatives, they will arrange the money for me anyway.
When going to get married, the girl's father first asks what the boy does, if the girl's father answers that the boy is working in the army or Bangladesh military, then the girl's father does not feel the need to see the boy and arranges the marriage without seeing the boy. Collecting 18 thousand dollars is not a difficult task for the people of a country where people are so weak for government jobs.

[moneystery]

but not everyone has the awareness to invest in bitcoin, even when they have known about it for a long time, they see that gambling is more fun and can give them immediate profits compared to investing in bitcoin where they have to wait for it to get a profit.

they also think that investing in bitcoin doesn't make sense and is just a waste, so they prefer to gamble their money to get money faster. and that's why we are all here grateful that we have knowledge about bitcoin investment which can save us from things like that.

[slaman29]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

Yes, at a glance, it's no brainer. But one must understand that Bitcoin IS a gamble. I support it. I love it. A lot of my hopes is on it. But I remember in 2017 the biggest lesson I believe is BTC is as probable to go to $1million as it is to go to zero. You never know.

A lot of people "invest" in crypto. But they trade, sell, buy, exchange for altcoins.

That's gambling!! So it's pointless to switch a gambler to "investing" if they don't address the addiction and see Bitcoin as a get-rich-quick.

[Churchillvv]

Your friend is a victim of circumstances, your friend just ran out of luck this time because he had something in mind before venturing into gambling although it turn out to be a bad decision that lead to the extent of borrowing to gamble.
He made a mistake that could result to a big effect in his life and his family generally. Based on your country economy he is in a very big debt considering fact that his family is a middle class level family they could bring him out of that mess.
But before he got so attached to gambling to that extent of addiction, was there nobody aware of his gambling habit? because surely there must be someone aware of it. so knowing fully well that his going to gamble with all his money they should have stopped him but they didn't, even the people who borrowed him the money could have contributed to his down fall.

Any ways at this point there is no need to judge his actions, all he needs now is to be redirected towards a better life.

[traderethereum]

I think this thread has something to do with gambling so maybe it can be moved to the Gambling Discussion section.
Gambling is actually for everyone, but the problem is that not everyone has self-control or can control their emotions so they don't gamble excessively. And that is the impact of gambling that will be received by people who cannot limit themselves to gambling.
They will lose a lot of money and may also leave debts to their family so they can help them pay off their debts. And this is a valuable lesson for everyone, especially for those who are still gambling today so that they can take care of themselves while gambling and not lose self-control.

[pakhitheboss]

This incident proves to what extent a gambling addict can go. I converted the amount $18000 to the local currency  of Bangladesh and it comes around to one million nine hundred seventy-five thousand taka. As per my understanding this is not a small debt for anyone from the middle class.

I don't know how this guy was able to get into neck deep debt. I feel he would have borrowed that amount to use it for gambling. Being an army man he would have got loans from state owned financial institution. I think he might have used this opportunity to get loan and gamble assuming he would make it big if one-time the jackpot hits. He might have now understood it the hard way, which is kind of sad as his family and his father now get dragged into this mess.

[iBaba]

There's a saying that good things doesn't come easy and it takes time. Bitcoin investment as we know is long term and it requires patience. Gambling on the other hand, is a get/lose money quick venture and it requires skills and discipline. The dude opted for the easy way out and got himself into a mess, and that's gambling for you, it can reduce a man from riches to penury. If he had invested such amount of money in Bitcoin when it was $20k - $25k, he'd been beaming with smiles now.

I like your approach towards responding to this situation. It is not easy to be successful in life and that process comes with a lot of responsibilities which includes you being patient with time, to the best ability you can. As the saying goes, patience is a virtue and only the patient dog eats the fattest bone so all these 'get rich quickly' kinds of schemes and games such as gambling is a no-go area for anyone out there looking for a sustainable source of income and investment in life.

Bitcoin investment amongst other several lifetime investment helps a whole lots which, although can be tiring to anyone who's ambitious and impatient but those can be the surest ways to get richer in the nearest future and not the through betting. It is painful to be patient with the process of investing but awesomely rewarding if you become successful in doing it. So the army guy could have learnt this better than anyone else.

[AirtelBuzz]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

I have seen with my own eyes how gambling has almost destroyed many people's lives. People get addicted to gambling due to their greed which leads them to sell their wealth.After reading your post I understood that your elder brother may be very greedy he was not satisfied with his government job salary.He wanted to earn a lot of income at the same time for which he chose gambling and later he came back in debt.

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

18,000 dollars is a lot of money in any country.If your elder brother knew and understood about Bitcoin, he might have tried investing in Bitcoin instead of gambling. Because at the time he became addicted to gambling, the price of Bitcoin was very low.The amount of debt he's carrying now seems like he wouldn't have been in debt if he'd invested in Bitcoin.

[Dunamisx]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today,

Someone like me will always advise that if you want to gamble, then do it well and in a more matured ways, but don't dare make use of the money intended on bitcoin Investment for gambling, this is be a very wrong decision to make, we cannot afford using our asset on liabilities since when we gambles, we rather win or loose on our bet made, also when we made a bitcoin investment, we are not on a hundred percent assurance that we must be profitable about it except we are ready and willing to hold for some time.

[Odohu]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary.  

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling.  

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

I do both gambling and investment in BItcoin so I disagree with you that gambling will leave one destitute. There are many people that owe everything they have accomplished in life to gambling, it all depends on individuals because not everyone will succeed in gambling, same goes for Bitcoin investment. That your brother failed in gambling does not mean that others are failing or will fail. There have been several stories of people who got wrecked from Bitcoin investment.

Your brother failed all the rules of gambling and allowed addiction to take over him. He even went as far as borrowing money to gamble; if he borrowed to invest in Bitcoin, the possibility that he will fail is very high

The point I'm making is that it is an individual thing and not general to everybody. Gambling is a big industry that people are making huge money from.

[Finestream]

To be honest, if you know how to gamble responsibly, you will never end up in distitute. Only gamblers who don't have self-discipline and self-control end up in huge losses. Most likely because of greed, that they forget to balance their profits and losses.

However, investing in bitcoin may actually bring hope but only for those who know their investment well. Otherwise, when greed motivates them to invest even without prior knowledge and experience, they will still end up in distitute because of their uncontrollable losses.

[GigaBit]

No matter how hard you tempt a gambler to invest in reality, he won't find much interest there. Because he wants to see his money change quickly. After losing so much money, your brother may now realize how much damage he has suffered due to his gambling addiction. He took gambling as a platform to earn money. Maybe your brother now realizes his mistakes but he is unlikely to get that money back. This may be a cautionary message to such gamblers in this thread who are into gambling for income rather than entertainment. A few months ago Bitcoin hit its all-time low below $18000. Today, those who held Bitcoin at that time have managed to make around 1.5 times their profits. Investing and gambling are completely different. Gamblers will not be compatible with those who believe in investment.

[Litzki1990]

If you find out about this incident through the person's younger brother, here the person's family may be taking a bigger picture of the matter. $18K is a lot and losing $18K gambling is a big deal. People do not usually make such mistakes unless they are highly attracted to gambling. After borrowing such amount of money your elder brother should have realized that he is going in the wrong direction and no matter how much money he borrows from others and gambles he will never be able to recover that money. Your older brother told the family too late when he lost a lot of money and was pressured to repay the loan by those who loaned him money. I can't imagine what the general public would do if a military officer made such a mistake.

[Jawhead999]

What makes this thread is interesting? the @OP wear a gambling signature and saying if gambling is bad, even more suggest people to invest using borrowed money.

Gambling is essentially make you to lose money, while invest is essentially make you to earn money, so comparing both gambling and investing is completely not make sense at all.

[Adams0001]

You can't blame those people who lost a lot of money in gambling, because maybe they are more on after for excitement, thrill, while hoping to earn money.

The only mistake they always make is that they are engaging in gambling without any knowledge about it and self-control, and if I'm not mistaken, all of them are in favor to the house because they have to make a certain bankroll per day for their gambling platform to keep on running. That's why most of the time, players always lose, it's just about how lucky a certain person is in gambling to earn huge profits.

Anything you put your money into is a risk, and people who are gambling can't be patient to invest in bitcoin for the long term because they need quick money to solve their problems, and they see many people who are into Gambling and succeed because someone can't just jump into something that isn't profitable and start spending their money on it, it's just that bitcoin is better than gambling because he will lessen your losses when you understand and gain knowledge on it and you will get profit when the market go well. Gambling is just a lucky game, you can't predict who will win that's why it's a funny game many people engage in it, even if you don't have enough knowledge on it you can still be profitable, because it's a lucky game and many people enjoy it and I don't think he will be easy to convince someone to stop it because if they're winning their mind will telling them they should play more to get more money.

Bitcoin is also a risk, and if you can't be patient and take risks to profit, you will never succeed on the crypto journey, because the price is volatile in increase and decrease, and if you can't invest for a long term like 3 to 4 years, I don't think you will get huge profits on bitcoin because you can't just get big profits when you just start your investment, you most likely face many challenges that is why before you want to start your bitcoin investment you need to get massive understand on it, because if you are facing challenges he will not surprise you. I am very sure if you can understand bitcoin strategy and follow it gradually you will get huge profit that can just change your life one day, and his more better than gambling because money doesn't last in hard and you will spend it any way you won't get plan for it, but investment is your hard working and before you get profit you will have plan for it before he comes.

[mirakal]

This is how sudden gambling can bring to a person , not to mention an ARMY GUY that is trained to have discipline yet now a gambling loser? and maybe can be called gambling addict?
and what this will end , he will lose his job because of such action and to become a family burden , sorry to hear this but he must decide sooner or will be a loser forever.

That's why people say you can be good on one aspect but fail on the other. Being a disciplined military does not guarantee that he'll be a disciplined gambler as well. If he continues gambling despite of his losses and debts, he'll end up being homeless and might suffer from mental and emotional breakdown if he cannot stop his gambling addiction. Now, all his hard-earned money have gone into waste due to gambling addiction.

Even in bitcoin investing, if he'll still do the same investing without risk management, he'll only suffer from losses. Bitcoin investment gives hope and brighter future to those who have patience to hold, and most especially to those who understand bitcoin as an investment. If you are not doing this, you are more likely gambling your money, not investing.

[synchronym]

Gambling is very harmful to people's lives. Thousands of families are suffering due to gambling. With posts like Opi's posted an army man can live his life comfortably only because of gambling he is in this situation today. Surely we should all learn from this incident that how harmful gambling can be in human life can almost end a person's life. Of course, if he had invested that money in Bitcoin, he would have had a lot of success in his life today, so everyone should give up gambling.

[EarnOnVictor]

Well, so many people are losing in gambling, and the main reason is that their focus is on gambling to make money, and not only that, and also to make consistent money that will eventually make them "rich." Is this riches often happening? I say No. This is why people should define the thin line between gambling and investment before committing their money to either of them. If you want to gamble, gamble, and if you want to invest, invest, by this, you do not regret your action and start crying foul

Like the guy the OP explained, I believe he is not daft to know the difference between gambling and investment in the first place before he opted for his choice. It is an investment that can truly make you earn and continue to build your portfolio with a low risk, and not gambling. Even as an adult, if he mistook the two for another, then he is not wise as some would believe that getting money through gambling is faster than getting the money through investment which is safe. This is how they cause issues for themselves and will lose because they do not even prepare rightly for gambling which is more risky than investment.

Also, about your advice, it is so good, you should invest first and gamble later. As a matter of fact, gambling cannot secure your future but investment can, so you should focus on the investment but only gamble with the spare money if you must.

[Wakate]

Gambling is very harmful to people's lives. Thousands of families are suffering due to gambling. With posts like Opi's posted an army man can live his life comfortably only because of gambling he is in this situation today. Surely we should all learn from this incident that how harmful gambling can be in human life can almost end a person's life. Of course, if he had invested that money in Bitcoin, he would have had a lot of success in his life today, so everyone should give up gambling.

If you concluded that gambling is harmful then you need to also conclude that trading is also harmful. There are people that had been gambling for long time now and they don't have any problem at all knowing there left form there right. We can make money from the both and we can also make loses depending on how we trade or bet. One thing that is going to help us in any field that we are is discipline. People that are discipline are one of the successful people in the world because they are about to differentiate their left from the right. We need to always try our best making things happen.

[Crypto Library]

<~~~~>
If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

It seems another story of heavily addicted gambler. A question arises in my mind as to how an addicted gambler like him got or is still serving in the army of a country where gambling is illegal. I will not say that gambling is a crime, but it must be for entertainment only and also if you can afford it, it is nothing but stupidity to gamble by borrowing money beyond your limit of afford.
Another thing you mentioned is that if he had invested in bitcoins instead of gambling he would have been in a good profit right now, but I would say that borrowing to invest in bitcoins is also kind of stupidity. Rather I would say you can suggest your local elder brother that since he is a government employee he should invest some percentage from his salary in Bitcoin following DCA method so that he can back a secure profit for long term.

[Sanitough]

Both investing and gambling may create hope for all of us but it also depends on how we see it in long term. If we invest in bitcoin with high patience and do our best to hold it for long term by not getting tempted to sell it very early, then certainly it creates hope for us and we are holding into it.

However, gambling can do the same way if we do it the right way. By only gambling to entertain ourselves and just spend an amount that we can afford to lose, then I believe gambling will still give us hope and even good profits in the end.

[taufik123]

-snip-
If we invest in bitcoin with high patience and do our best to hold it for long term by not getting tempted to sell it very early, then certainly it creates hope for us and we are holding into it.

A Holder will have hope with Bitcoin, Long term is indeed the best way if you don't want to stress about trading that sometimes you are not good at.
That will indeed give you hope that you will have profits in the future when the main price target is reached, and I do that too at this time.
We will meet at Bitcoin's latest ATH.

However, gambling can do the same way if we do it the right way. By only gambling to entertain ourselves and just spend an amount that we can afford to lose, then I believe gambling will still give us hope and even good profits in the end.

Gambling needs special attention, not like crypto which gives a lot of hope in every fluctuation of its price.
Gambling if not managed properly will result in addiction that can have long-term effects.

As you said, gambling is just to entertain yourself and the allocation of funds has been determined so as not to use the funds needed for other things.
There should be full control on the use of gambling funds.

[Raflesia]

Gambling is very harmful to people's lives. Thousands of families are suffering due to gambling. With posts like Opi's posted an army man can live his life comfortably only because of gambling he is in this situation today. Surely we should all learn from this incident that how harmful gambling can be in human life can almost end a person's life. Of course, if he had invested that money in Bitcoin, he would have had a lot of success in his life today, so everyone should give up gambling.

If you concluded that gambling is harmful then you need to also conclude that trading is also harmful. There are people that had been gambling for long time now and they don't have any problem at all knowing there left form there right. We can make money from the both and we can also make loses depending on how we trade or bet. One thing that is going to help us in any field that we are is discipline. People that are discipline are one of the successful people in the world because they are about to differentiate their left from the right. We need to always try our best making things happen.

This needs to be emphasized because the situation can be the same because after all, trading is not gambling because there are also some strategies and techniques that are carried out but it is not uncommon to still find some people who rely on instincts for the trades they make which makes this tantamount to gambling.
The main focus should still be on investing because after all this is the most possible way for anyone to do without fear of their bitcoins disappearing in an instant if they do not sell or are not careless in security issues.
Indeed, it may take a very long time to reap the rewards of what we have planted but in the end if talking about the comparison between trading and investing then I think Investing is the most worth it in this case.

[Casdinyard]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

This is like comparing apples to oranges honestly, but I can see the reason why a comparison such as this must be made. The thing is that people will oftentimes use gambling as a means to pass the time only for it to spiral out of control eventually cause now they can't control their urges and they have to get that one more win before they can quit. This is problematic and is the cause for many people succumbing to gambling addiction which I guess was the case for this elder brother you're talking about prior to him being in debt.

On the other hand trading gives you more agency and sometimes it can also give you the same effect as would gambling addiction. Only difference is that it takes a lot more effort and work to actually succeed as a trader and over time, if you keep at it your propensity for bigger wins increases which is not the same for gambling. No one should think of gambling as a means to earn money, if you want to pass the time and you're not sure if gambling's the right game for you look into other ways to relax and unwind and don't subject yourself to even more problems.

[Promocodeudo]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.
[/quote

This man might be uninfiemed about bitcoin, may be he never heard about btc anywhere or he despise seeing his money staying somewhere for a long time without giving him fast profit, the mindset of gamblers is that, when they stake the will win no matter what, but unknowingly to them that this game is activity of uncertainty, they forgot that this stuff happens in too ways which is losing or winning, I have always say it that gambling is very addictive and if you want to lose your money and ruin your life then be actively involved in gambling you will now understand that you being addicted is inevitable, just imagine if he invested in any other profit oriented business what could have been his fate now, may be he could have been an owner of a great empire by now, but one is sure, no one is above mistake, we should be mindful of gambling because no matter how we claim to know, the owner of the company must benefit, so be wise.

[Blitzboy]

Gambling is very harmful to people's lives. Thousands of families are suffering due to gambling. With posts like Opi's posted an army man can live his life comfortably only because of gambling he is in this situation today. Surely we should all learn from this incident that how harmful gambling can be in human life can almost end a person's life. Of course, if he had invested that money in Bitcoin, he would have had a lot of success in his life today, so everyone should give up gambling.

If you concluded that gambling is harmful then you need to also conclude that trading is also harmful. There are people that had been gambling for long time now and they don't have any problem at all knowing there left form there right. We can make money from the both and we can also make loses depending on how we trade or bet. One thing that is going to help us in any field that we are is discipline. People that are discipline are one of the successful people in the world because they are about to differentiate their left from the right. We need to always try our best making things happen.

This needs to be emphasized because the situation can be the same because after all, trading is not gambling because there are also some strategies and techniques that are carried out but it is not uncommon to still find some people who rely on instincts for the trades they make which makes this tantamount to gambling.
The main focus should still be on investing because after all this is the most possible way for anyone to do without fear of their bitcoins disappearing in an instant if they do not sell or are not careless in security issues.
Indeed, it may take a very long time to reap the rewards of what we have planted but in the end if talking about the comparison between trading and investing then I think Investing is the most worth it in this case.

Trading resembles gambling, especially when instinct overcomes strategy. Doesnt this reflect human nature? Trading can provide quick, risky profits, which we crave. Waiting and long-term growth are associated with investing. This sustainable method meets our need for security and stability.

However, dont we sometimes undervalue intuition in financial decisions? Combining instinct and strategy can be powerful in Bitcoin's market. Balancing intuition with study and analysis is important. This is measured risk-taking, not gambling.

As you correctly note, most people should invest in Bitcoin. Its a faith in technology's future. This calm and steady strategy promotes sustainable wealth accumulation without impulsive trading.

[Botnake]

Investing and gambling can be done at the same time. The problem with some people is that they treat both as investing when in reality they don't have the skills to be profitable in gambling. Well, investing in bitcoin isn't that easy also, because if you don't have the patience and discipline, you'll also end up losing, you know, there's a bear marekt that would result to bitcoin dumping so hard, so if someone panic, he might have sold it at a loss.

What I'm trying to emphasize is that nothing is certain when it comes to investing, that's why there's a risk on investing because it doesn't guarantee a profit. While gambling would only make our life worse if we don't know how to handle it, I mean, losing $18k and end up $18k in debt, that's too much stupidity in their, and that is clearly the result of gambling addiction, so he needs to man up, face the problem and solve it, and make sure to learn from that mistake, even the hard way.

[Mahanton]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

Well, this is really just that very normal on gambling field if we do speak this kind of conditions or situation on which gamblers would really be ending up on this kind of scenario if they would really lose track when it comes into their finances or having that good judgement on whats wrong and whats bad when it comes to spending your funds. People usually really be that realizing that things that they've done were wrong on which it would be always in the end of the line. We can really make out those kind of comments and concerns considering that they're our family on which it would really be just that right that you would be in concern in regarding the situation.It is really just that sad they would really be realizing things when it had made out that kind of unfortunate situation. There's nothing we can do since its their money that had been spent not ours.

So it is really just that normal that learning would really be coming from our past experiences which it didnt result out to be good. Human beings would really be naturally be adjusting according into the situation
that they are facing. If its really that something talks about devastation then they wont really be doing it again but if they wont really be that experiencing any hardship.
Gambling and investing are different and its just that not believable that someone couldn't really be able to tell the difference.

[lombok]

Gambling and Investing are very different. Different context. Gambling is not a place to make money, gambling is just a game for having fun, and this should not be misunderstood, most people misunderstand that we can get rich by gambling, it is true that there are people who win big in gambling or the lottery, but the chances are small and not much . This is different from investment, although there is a chance of going bankrupt, but if we choose the right investment it will provide a very large return, the opportunity is greater, especially investing in Bitcoin.

Yes, but one person's way of thinking will be different from another person. Gambling and investing both have the same chance of losing and winning, the difference between investment is that we can research it, we process it and we predict it according to developments, which is different from gambling, where the chances depend on the game and each game has different opportunities. When it comes to card games like poker, maybe skill can help, sports betting also requires strong analysis in choosing clubs, and especially depends on luck.

[m2017]

~snip

Well, investing that generate hope isn't exactly what investors hope for. Investments should be profitable. The chances that bitcoin will bring profit are incomparable and much higher than trying to beat a casino at gambling. At this point, historically, it so happened that bitcoin one way or another turned out to be profitable (if you don’t be stupid yourself), but gambling is the opposite. Almost everyone who plays these games ends up losing money and in debt in the long run. Only a few are lucky.

The thirst for enrichment and easy money through gambling leads to stories like the one about your friend. In advertising for gambling, we are shown a completely different picture in order to lure simpletons into this abode of evil, and such stories of failure are not particularly advertised, because it is unpleasant to realize and admit to folks about your failures. As a result, it turns out that isolated cases of winnings in casinos are amenable to publicity, while millions of failures with losses and debts are kept silent.

[Outhue]

Some few people that I know would rather gamble all their money right away than invest their money on anything and slowly watch it grow, believe this, because it's happening for real, everyone wants quick result and bitcoin investment is a very long way of making money, people don't like it and unfortunately it's the best way to make legal money.

The hope that bitcoin brings is a long journey, you will see stupid people saying what if they invested and they died some months later? But I am glad they don't die, instead they see me changing my life with Bitcoin, they just can't do what I did and it looks like I am not from the same world they are from.

[Latviand]

The statement that gambling will leave you with nothing is correct but the more appropriate term would be that incessant and uncontrollable gambling will leave you with nothing because that's more accurate and helps exclude those who only gamble for fun and at the same time it doesn't discourage others that gambling is a total evil that we have to avoid, it's a vice and not a sin, remember that. It's a no-brainer that that's how it will be when given a choice between gambling and investment, investment will always be the choice because we all know that gambling's returns are always negative and the chances of making a positive return is so low compared to investing which is a 50% at best depending on what crypto you're investing on.

[2Pizza410000BTC]

This is how sudden gambling can bring to a person , not to mention an ARMY GUY that is trained to have discipline yet now a gambling loser? and maybe can be called gambling addict?
and what this will end , he will lose his job because of such action and to become a family burden , sorry to hear this but he must decide sooner or will be a loser forever.

He cannot be called a gambling addict already he has become a gambling addict. Because he gambled and lost $18,000. 18000 dollars means $18000×126BDT=2268000 in our Bangladeshi Taka. I am sure this person will be totally ruined because he will never be able to repay the debt of 22 lakh 68 thousand by doing government job. However, if the government comes to know about his gambling addiction and such a large amount of debt, his job may be in trouble.

[AirtelBuzz]

This is how sudden gambling can bring to a person , not to mention an ARMY GUY that is trained to have discipline yet now a gambling loser? and maybe can be called gambling addict?
and what this will end , he will lose his job because of such action and to become a family burden , sorry to hear this but he must decide sooner or will be a loser forever.

He cannot be called a gambling addict already he has become a gambling addict. Because he gambled and lost $18,000. 18000 dollars means $18000×126BDT=2268000 in our Bangladeshi Taka. I am sure this person will be totally ruined because he will never be able to repay the debt of 22 lakh 68 thousand by doing government job. However, if the government comes to know about his gambling addiction and such a large amount of debt, his job may be in trouble.

Gambling may not be officially approved in Bangladesh yet.However, he became a government official and became addicted to gambling, leading to the destruction of himself as well as his family. It is natural that if a government employee of a country is involved in the illegal activities of that country, then his government job may run away. But he may have become addicted to gambling due to the temptation of huge money.
Hearing his actions I feel he is a fool as he could have lived with his family very comfortably on his government job salary.

[SamReomo]

The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I have read the whole thread and I can say that the guy is a gambling addict and his family should take care of him otherwise he will increase the debt by putting more money in gambling. Gambling is not dangerous for everyone but the ones who get addicted to it will face such problems.

Gambling for a disciplined person isn't that bad but when someone gambles without responsibility then the result will be like the guy that you mentioned in your thread. The guy might have thought that with gambling he can earn a lot of money and that's the worst misconception anyone can have regarding gambling.

I believe a gambler should first learn about gambling responsibility and he/she should also learn that without limits and with constant losses one can get addicted to gambling and an addict would try his/her best to earn money via gambling to cover his/her losses and ends up losing even more money.

Gambling is a good activity only for the ones who are into it for the fun part of it only, the ones who are into gambling for money should understand that gambling is not a way to riches and if someone thinks that he/she can be rich with gambling then that person isn't really aware of gambling.

[Hatchy]

If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars.

If he had been aware of the concept of bitcoin, he might have opted not to invest and continued with his gambling habits. The fact that he went to the extent of borrowing a significant amount, 18k no less, for gambling strongly suggests that he is already deeply entrenched in the addiction. I don't want to place too much blame on him; life in the army can be monotonous, pushing individuals to seek excitement through activities like gambling. Unfortunately, what might have started as a way to have fun turned into a full-fledged addiction.

This situation serves as a valuable lesson about the risks associated with using borrowed money for gambling or any form of investment. It seems likely that he has gained insights from this experience, emphasizing the importance of not risking money that doesn't truly belong to you. When it comes to Bitcoin investment, it's much more interesting when you invest with your own money.
 

[2Pizza410000BTC]

This is how sudden gambling can bring to a person , not to mention an ARMY GUY that is trained to have discipline yet now a gambling loser? and maybe can be called gambling addict?
and what this will end , he will lose his job because of such action and to become a family burden , sorry to hear this but he must decide sooner or will be a loser forever.

He cannot be called a gambling addict already he has become a gambling addict. Because he gambled and lost $18,000. 18000 dollars means $18000×126BDT=2268000 in our Bangladeshi Taka. I am sure this person will be totally ruined because he will never be able to repay the debt of 22 lakh 68 thousand by doing government job. However, if the government comes to know about his gambling addiction and such a large amount of debt, his job may be in trouble.

Gambling may not be officially approved in Bangladesh yet.However, he became a government official and became addicted to gambling, leading to the destruction of himself as well as his family. It is natural that if a government employee of a country is involved in the illegal activities of that country, then his government job may run away. But he may have become addicted to gambling due to the temptation of huge money.
Hearing his actions I feel he is a fool as he could have lived with his family very comfortably on his government job salary.

Gambling is completely illegal in Bangladesh. There is no official regulation of gambling in this country. But here surely this man is a total idiot because how he became an educated person and addicted himself to gambling. He became addicted to gambling in such a way that he would suffer the consequences for the rest of his life. Not only did he destroy his own life, he destroyed his family, he also destroyed the country as a countryman. Every man should be aware of his life story. But I don't know what his job position is but if this feat of his is caught by everyone then surely his job will be lost.

[Stepstowealth]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.

Doing the right thing is not as easy as doing the wrong thing. Gambling is fun, investing in bitcoins is no fun, so you will see more people who will consider gambling faster than they would consider investing in bitcoins. Gambling can also be a way to make quick money, Investment is a slow process. There are many impatient people who cannot wait for their investment to give them profits, so they just choose the fast way which is to gamble their way to profit. It doesn't end up that way for all gamblers, many just like the person in the story in trying to make money from gambling end up running into losses.

[TimeTeller]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.

Doing the right thing is not as easy as doing the wrong thing. Gambling is fun, investing in bitcoins is no fun, so you will see more people who will consider gambling faster than they would consider investing in bitcoins. Gambling can also be a way to make quick money, Investment is a slow process. There are many impatient people who cannot wait for their investment to give them profits, so they just choose the fast way which is to gamble their way to profit. It doesn't end up that way for all gamblers, many just like the person in the story in trying to make money from gambling end up running into losses.

These 2 options will give you different results if you handled it in a contained manner especially gambling.
You will enjoy gambling if you are just playing for entertainment and is just using spare money.
But when you start loaning money, that's when you will start to have problems after problems.
And so with investment in btc, if you happen to borrow money and lose in the process, it is the same as gambling.
So if you will venture in these 2 activities, you will have less problems if you are spending the money that you can afford to lose.

[Distinctin]

Investing in bitcoin will certainly bring us hope if we chose to invest for long term, the hope and excitement is there while waiting to reap our profits. But that will happen only if you have the patience to hold and the persistency to stick with bitcoin, as others may easily shift into altcoins because they long for short term profits.

While gambling will leave you in destitute, that is for those who spend lot and lose a lot in gambling. But if you only gamble at a small amount occasionally, you will never suffer from huge losses. In fact, you might even gain some small profits.

[stadus]

We all claim that bitcoin is the future so it's more than just hope but a brighter future as well with bitcoin. Just invest a good amount of bitcoin and be able to hold it for quite consecutive years so you can expect massive profits in the end. But I guess with altcoins, even if you hold it for long term, it can still never guarantee that there is hope waiting in the end.

Gambling on the other hand only promise hope to those who are professional gamblers, but for those who are starting to gamble, losses will be more visible.

[jeraldskie11]

I believe the majority choose investment. It is a guarantee that you can be profitable someday if you know what you are doing, you made many research about the stuff you entering before you invest. However, there are people who really use to play gambling and I believe those are very rich person especially those people who gamble in Casino. You can be a millionaire in gambling in no time but you can be a nothing at anytime. Investing takes time but really worth it.

[Assface16678]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.

Doing the right thing is not as easy as doing the wrong thing. Gambling is fun, investing in bitcoins is no fun, so you will see more people who will consider gambling faster than they would consider investing in bitcoins. Gambling can also be a way to make quick money, Investment is a slow process. There are many impatient people who cannot wait for their investment to give them profits, so they just choose the fast way which is to gamble their way to profit. It doesn't end up that way for all gamblers, many just like the person in the story in trying to make money from gambling end up running into losses.

These 2 options will give you different results if you handled it in a contained manner especially gambling.
You will enjoy gambling if you are just playing for entertainment and is just using spare money.
But when you start loaning money, that's when you will start to have problems after problems.
And so with investment in btc, if you happen to borrow money and lose in the process, it is the same as gambling.
So if you will venture in these 2 activities, you will have less problems if you are spending the money that you can afford to lose.

Investing in bitcoin and gambling is quite the same, why? Simple, because investing in bitcoin is risky and dangerous if it isn't handled with care, proper experience, and knowledge. It's like gambling your capital on something, but that something has a higher chance of earning than pure gambling, as if you have the necessary equipment, tools, and knowledge in bitcoin, you can earn as much as you want, unlike in gambling, where the odds of earning are not that huge. You are more likely to lose money than to profit, which will bring you more misery. So if you have a wise mind and good decision-making, you will choose to gamble in bitcoin, not in gambling. You can play gambling, yes, but keep in mind that the assurance or profit will never be yours. Gambling will give you money at some point, but the losses if you look back are far greater.

[cryptoWODL]

I think he is not aware about Bitcoin or Cryptocurrency because of which he got addicted to gambling instead of investing in Bitcoin. A debt of 18 thousand dollars is very difficult for a man to repay.
He may be a government employee and he will never be able to pay off his debt with his salary.I think he made one of the biggest mistakes of his life that will cost him the rest of his life. I have little experience with gambling I got quite addicted for a few days in online casino games where I lost like 5000 rupees in my country.Which is like $50 in Bitcoin. Since then I came back from there.From my experience anyone who wants to make money from gambling and get rich quick is making a big mistake.

[bocyaj]

Investing in bitcoin will certainly bring us hope if we chose to invest for long term, the hope and excitement is there while waiting to reap our profits. But that will happen only if you have the patience to hold and the persistency to stick with bitcoin, as others may easily shift into altcoins because they long for short term profits.

While gambling will leave you in destitute, that is for those who spend lot and lose a lot in gambling. But if you only gamble at a small amount occasionally, you will never suffer from huge losses. In fact, you might even gain some small profits.

The bitcoin was the best one for the long term investment,many people was become the millionaire and billionaire using the bitcoin trading.The bitcoin price is 42k dollars,So it’s better time for the bitcoin trading.Because many investors looking to inverse at the low price,the bitcoin price was expected to increase to 100k dollars in next year.It was the reason for many traders of bitcoin holding their money in bitcoin for the longer period.Some of the good altcoin also available in the cryptocurrency,if you want to become the rich person.It’s essential to analysis the market by your own trading techniques.

I think he is not aware about Bitcoin or Cryptocurrency because of which he got addicted to gambling instead of investing in Bitcoin. A debt of 18 thousand dollars is very difficult for a man to repay.
He may be a government employee and he will never be able to pay off his debt with his salary.I think he made one of the biggest mistakes of his life that will cost him the rest of his life. I have little experience with gambling I got quite addicted for a few days in online casino games where I lost like 5000 rupees in my country.Which is like $50 in Bitcoin. Since then I came back from there.From my experience anyone who wants to make money from gambling and get rich quick is making a big mistake.

The gambler can use the gambling money to inverse in bitcoin,because the gambling is not the sure income.The gambler may or may not win the game,So if you invest the same money in the bitcoin trading.The returns from the bitcoin trading will be more then gambling winnings.

[Baki202]

I think he is not aware about Bitcoin or Cryptocurrency because of which he got addicted to gambling instead of investing in Bitcoin. A debt of 18 thousand dollars is very difficult for a man to repay.
He may be a government employee and he will never be able to pay off his debt with his salary.I think he made one of the biggest mistakes of his life that will cost him the rest of his life.

Bitcoin is everywhere except for does in remote areas who might not know about Bitcoin, and some we tell of their financial situation and will not be able to invest but with a very small amount of money they can gamble and get lucky with a win, and people that are addicted might be in serious need for money but all the same people need money to survive so we need to understand that people just do things they do a thing for a reason and the situation of the country so everybody needs money.

18k is a lot of money. How many months will you work to pay that amount? I would even suggest taking out a loan to gamble because it will not work out well for someone who gambles constantly. Being an addict does not entail spending all of your money on gambling; that would be extremely foolish of anyone to act in such a way. even if the person is not a government official 18k nah.

[cryptoWODL]

The gambler can use the gambling money to inverse in bitcoin,because the gambling is not the sure income.The gambler may or may not win the game,So if you invest the same money in the bitcoin trading.The returns from the bitcoin trading will be more then gambling winnings.

The gambler thought that he would suddenly win a lot of money all at once from a gamble while gambling. As a result he gambled greedily and was heavily in debt. If he had known that investing in bitcoins instead of gambling would have made him more profitable he would have definitely invested in bitcoins. Because he was very greedy for money.

[angrybirdy]

I believe the majority choose investment. It is a guarantee that you can be profitable someday if you know what you are doing, you made many research about the stuff you entering before you invest. However, there are people who really use to play gambling and I believe those are very rich person especially those people who gamble in Casino. You can be a millionaire in gambling in no time but you can be a nothing at anytime. Investing takes time but really worth it.

You're right that you can be a millionaire in gambling but you can be devastated in just a snap, so it's better if people are aware about gambling. Both gambling and investment has a risk that's why I personally prefer to put my money in investment because there's a big possibilities of return if you know well the project that you are going to invest, unlike in gambling that there's no guarantee of winning in the end.

[Essential10]

For those who smoke regularly, we can call it a bad habit or an addiction. When a person is addicted to smoking, he continues to smoke regularly, eventually he cannot stop smoking. Gambling is like smoking addiction, those who get hold of it cannot quit easily, eventually it becomes a habit or addiction. Those who are totally addicted to gambling, I think they don't calculate profit and loss, they have an idea that they have to gamble today. OP I think a brother known in your area is a victim of such a situation. I don't think he would have had to be in that situation if he had invested the money he lost gambling in Bitcoin to see the profit. Investing in Bitcoins and gambling both involve risk, but investing in Bitcoins is generally considered a more strategic and calculated approach that has the potential for long-term gains. Gambling usually depends on luck and chance which means the risk of losing is high.

[Mauser]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

With hindsight it's always easy to make the best possible investment decisions, but we shouldn't be too hard on ourself. The past is gone, we can't bring it back and shouldn't be felling bad about it. We need to remain realistic, look towards the future and learn from our mistakes. For me there is a clear difference between money for saving, trading and investing, and money used for gambling. Investing is to build a large portfolio over time, save money for retirement and have money for emergencies. Gambling on the other hand is for entertainment, I am not going to mix the two and try to avoid thinking about missed opportunities. It's like calculating how much money I would have saved if I didn't go to restaurants and only prepare cheap meals at home. There will always be situations where we could have saved more and used that money differently. Now putting debt on top of everything things will be much worse. I would never use debt for gambling or investing, better to first save the money and spend it, not the other way round?

[Viscore]

Positive always attracts positivity, while negative bears negativity. But if you know how to do things in balance and in caution, you will never resort into failure and losses.

Investing in bitcoin creates a good opportunity to make future profits, by hodling it for long term. Even with small investment, the fact that you decide to take the risk, it will have a positive outcome waiting ahead. However, if you gamble at your own risk, ending in destitute is far to happen. But if you gamble like there's no tomorrow, you will definitely be wreck in time.

[icalical]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling.  

This crisis of online gambling is also a big issue in my country, most of people who do online gambling is the low-middle income class who think they could get rick quickly by gambling, and that is very wrong take of gambling. And in my opinion that is individual fault, not gambling fault as activity, gambling is supposed to be an entertainment.

Comparing Gambling and Investing in the first place is non-sense, investment is stressful a lot of research and learning, while gambling is supposed to fun and entertaining. Investing goal is to gain profit and growing assets, while gambling goal is just to get entertained and excitement. People should understand that, and be responsible for doing any of those. If one is investing then he could expect to grow the assets and get rich but should do more research and learn about his investment, if one is gambling he shouldn't expect to be rich, while he can expect to be entertained and have fun.

[Bitcoin_people]

When a person invests Bitcoin, he hopes that in the future he will become a big man and fulfill his dreams. And when a person decides to quit investing and start gambling and trading, it will not be a good sign for him but he will slowly move downwards in the future. Gambling is always a risky activity where people lose money most of the time and they become addicted to gambling once in a while. And that is why it is most important to abstain from gambling because if a gambler is created in a family then the gambler is most powerful in destroying that family. That's why I think it is better to abstain from gambling but those people who are wise and follow gambling successfully will never be addicted but they are successful people. And apart from gambling if you invest Bitcoin then it will be the best plan as it will help you to give high profit.

[Yatsan]

I believe the majority choose investment. It is a guarantee that you can be profitable someday if you know what you are doing, you made many research about the stuff you entering before you invest. However, there are people who really use to play gambling and I believe those are very rich person especially those people who gamble in Casino. You can be a millionaire in gambling in no time but you can be a nothing at anytime. Investing takes time but really worth it.

Nothing is guaranteed to both gambling and investment simply because risk is present no matter how you look at it. If there's assurance then many people should be rich by now. Well, in gambling indeed it is more risky but with crypto investment, there's volatility as well. We're just amazed at this moment that the market price of cryptos are continuously increasing but if we would look back early this year and the previous one, that is where hesitation would come from. The market price could fall anytime and even if you won't permanently lose if you avoid selling, question is how long would you be able to hold? Pick a wrong entry and you'll be stuck  in the middle, remember that. Nothing's easy when it comes on earning money. Investing is indeed a better choice but always manage the risk.

When a person invests Bitcoin, he hopes that in the future he will become a big man and fulfill his dreams. And when a person decides to quit investing and start gambling and trading, it will not be a good sign for him but he will slowly move downwards in the future. Gambling is always a risky activity where people lose money most of the time and they become addicted to gambling once in a while. And that is why it is most important to abstain from gambling because if a gambler is created in a family then the gambler is most powerful in destroying that family. That's why I think it is better to abstain from gambling but those people who are wise and follow gambling successfully will never be addicted but they are successful people. And apart from gambling if you invest Bitcoin then it will be the best plan as it will help you to give high profit.

Profit won't come in an instant, keep this in mind. If you still have that mindset that investing to Bitcoin will make you rich in an instant, then you're absolutely wrong and would be one to regret once price correction take place ( will always have the possibility to take place simply because the market price of Bitcoin is dependent with demand and supply). Let us leave it as Bitcoin is a good option to engage yourself with if compared with engaging to gambling. Think of why there are investors who stopped and why there are people who are still in doubt.

[Blitzboy]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

With hindsight it's always easy to make the best possible investment decisions, but we shouldn't be too hard on ourself. The past is gone, we can't bring it back and shouldn't be felling bad about it. We need to remain realistic, look towards the future and learn from our mistakes. For me there is a clear difference between money for saving, trading and investing, and money used for gambling. Investing is to build a large portfolio over time, save money for retirement and have money for emergencies. Gambling on the other hand is for entertainment, I am not going to mix the two and try to avoid thinking about missed opportunities. It's like calculating how much money I would have saved if I didn't go to restaurants and only prepare cheap meals at home. There will always be situations where we could have saved more and used that money differently. Now putting debt on top of everything things will be much worse. I would never use debt for gambling or investing, better to first save the money and spend it, not the other way round?

Gambling is short-term enjoyment, whereas investing is long-term growth. Yes, regretting "what could have been" is pointless. In money and life, hindsight can be appealing but deceiving. Despite its volatility, I support Bitcoin. Bitcoin, unlike gambling, is a new frontier in digital assets that could change monetary systems. This demands deep awareness and a willingness to take calculated risks, not blind gambles.

Your stand against gambling or speculative investing debt is wise. Financial decisions should be based on facts, not fantasy. Remember that our financial journey is as much about the pathways we dont take as the ones we do.

[Sim_card]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling.  

Firstly, this topic is suppose to be posted in the gambling board, because most people concentration is on the gambling aspect.
People thinks that gambling is a get rich quick thing and they have false hope that gambling can be a life changer for them, which is wrong. People don't want to make money by allowing nature to take it's course but they prefer to look for different shortcut to quick success. This is why even those that know about bitcoin investment is to be held for a long time before taking profit, they will ignore this and prefer to go into trading that they don't have any knowledge on, by looking for signals because they are impatient with life. No investor that invest in bitcoin for a long term that will regret his actions, but will they be patient enough, when they see little increase in price.

[rachael9385]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

Such person is not thinking too well to borrow such a huge amount of money just because he wanted to gamble, however I am not supporting the fact that people should borrow money and invest into Bitcoin but I wish he borrowed the money and invested them into Bitcoin it could have been more better than just using them to gamble.
At least, if he used the money he borrowed to invest into Bitcoin and hold them for long, a day will definitely come when he will gain some good profits, even though getting profits from investment isn't guaranteed, but there is a high hope that if he hold them for more than 10 years, he will get a good interest from the investment. So truth be told that using loan money to gamble and invest in not good but there is one that can be more safer than the other.

[Alpha Marine]

There's a saying "Gamble responsibly". What do we think that saying means?
When we see "drink responsibly", what do we think it means?
It means we are allowed to drink (that's if you're up to the age of drinking in your region) but you should do it responsibly. Know your limit and don't go above it.

The same should be applied to gambling. It doesn't mean we should gamble, but we have to apply wisdom. Don't dream of becoming w millionaire through gambling, believe in being a millionaire through working hard and smart for it.
Gambling is fun when we gamble within our means. You will get angry when you lose in gambling but you'll get over it and move on because it's money you can afford to lose.

Being in debt is something I hate so much. I've been there (not anywhere close to $18k but it was enough to make me worried) and I know how bad it can be. Most of the money you work for would go to paying off debt instead of using it on yourself. We have to be careful with how we gamble.

[Fuso.hp]

There's a saying "Gamble responsibly". What do we think that saying means?
When we see "drink responsibly", what do we think it means?
It means we are allowed to drink (that's if you're up to the age of drinking in your region) but you should do it responsibly. Know your limit and don't go above it.

Not everyone can gamble responsibly by fulfilling their responsibilities. You may not take gambling seriously but there are many people like the one I mentioned who have lost everything in gambling. The brother I mentioned is a government employee and if he was satisfied with his salary he wouldn't have gambled mainly because his gambling aim was to earn a lot of money overnight. He is now burdened with debt due to his desire to earn huge amount of money overnight. Sometimes we need to learn from what happened to some people so that the same thing doesn't happen to us again. Hopefully the common gamblers have gained some understanding of the horrors of gambling addiction.

[Humblevirus]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling.  

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

 
Honestly, if he had invested in bitcoin, he should have been in good profit by now, but the truth is that not everyone knows about bitcoin investment; many people are just hearing about it, but I don't think they know about it as a good investment.
 
And again, gambling is a temptation. Someone cannot easily say this is how much they want to gamble, and when it reaches that certain amount, they will stop. Gambling is hard to control because it always comes with the hope that you will later win, especially when someone is addicted. I believe this $18k the person is owing; he did borrow it at once. I believe he was borrowing it gradually, thinking that it may recover its losses until it reaches this $18k.
 
I can't really say, but even if this type of person is in the cryptocurrency industry, they will still likely suffer losses like that kind of amount in gambling to scammers because of their aim of making it quickly. If not even in gambling, if some are not eager to make quick money, they cannot continue to waste that kind of money in gambling through borrowing.

[Promocodeudo]

No matter how hard you tempt a gambler to invest in reality, he won't find much interest there. Because he wants to see his money change quickly. After losing so much money, your brother may now realize how much damage he has suffered due to his gambling addiction. He took gambling as a platform to earn money. Maybe your brother now realizes his mistakes but he is unlikely to get that money back. This may be a cautionary message to such gamblers in this thread who are into gambling for income rather than entertainment. A few months ago Bitcoin hit its all-time low below $18000. Today, those who held Bitcoin at that time have managed to make around 1.5 times their profits. Investing and gambling are completely different. Gamblers will not be compatible with those who believe in investment.

I agree to what you said, a gambler does not concentrate on his loss, they always feel that when the lose there is always a good opportunity to win, this is the mindset of a gambler, investment is not a second thought for them, my problem with chronic gamblers Is that they don't consider their lose, this money they are using to gamble uncontrollably can be used to invest in profit geared project not necessarily bitcoin, there is no comparison with bitcoin investor and a gambler because in Bitcoin your money is not lost, the price may depreciate but the value will remain the same but in gambling when you stake and lose your money is gone no little left.

[Wapfika]

There's a saying "Gamble responsibly". What do we think that saying means?
When we see "drink responsibly", what do we think it means?
It means we are allowed to drink (that's if you're up to the age of drinking in your region) but you should do it responsibly. Know your limit and don't go above it.

Not everyone can gamble responsibly by fulfilling their responsibilities. You may not take gambling seriously but there are many people like the one I mentioned who have lost everything in gambling. The brother I mentioned is a government employee and if he was satisfied with his salary he wouldn't have gambled mainly because his gambling aim was to earn a lot of money overnight. He is now burdened with debt due to his desire to earn huge amount of money overnight. Sometimes we need to learn from what happened to some people so that the same thing doesn't happen to us again. Hopefully the common gamblers have gained some understanding of the horrors of gambling addiction.

If the intention of this topic is to serve as lesson about how devastating gambling is then there’s a lot of worst incidents than this that involves much higher amount and some took their life due to their lose yet people still gambling. You know why? Because of the entertainment and hope to get a quick rich. There’s only few cases like you mention compared to normal gamblers that can still gamble responsibly. I doubt creating such a warning like this will discourage motivated gambler to stop gambling.

You’re right that not all people can gamble responsibly but it’s pretty common even on other aspect of life such as trading, investment and etc which people are bad on doing it.

[NewRanger]

If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars.

Likewise...he has bought some BTC alone or after the last crash, whether with a small or large balance, it will not only cover your brother's debt of 18 thousand dollars but the investment may be enough to rest for a while and even that It can be used as preparation for retirement funds as well and is very possible.

In my opinion, maybe it was the influence of environmental factors that caused older brothers in your area to fall into this circle, whether there was a special invitation or whether they initially just wanted to try it. If he had used common sense and not followed the disregard I think this incident could have been avoided and would not have left him poor, neglected by his family in the end.

[erep]

I agree to what you said, a gambler does not concentrate on his loss, they always feel that when the lose there is always a good opportunity to win, this is the mindset of a gambler, investment is not a second thought for them, my problem with chronic gamblers Is that they don't consider their lose, this money they are using to gamble uncontrollably can be used to invest in profit geared project not necessarily bitcoin, there is no comparison with bitcoin investor and a gambler because in Bitcoin your money is not lost, the price may depreciate but the value will remain the same but in gambling when you stake and lose your money is gone no little left.

The comparison side may be that investment and gambling have different concepts of use, but the correlation of utilization or use of funds must prioritize investment over gambling, many people experience depression due to losing from gambling and they leave many high loans that cannot be repaid because they have lost everything financially in gambling, they don't even have money for living needs.

However, bitcoin investments will be different and no one will fall into poverty from bitcoin investments because they still hold the same value of the asset only the price is corrected, bitcoin assets can potentially be recovered due to bullish market like current market conditions and many people have made high profits from bitcoin investment.

[Zanab247]

That is why we need to continue Sharing the good news about BTC so that many people in different community will hunger to learn BTC and crypto so that they will not find themselves in such debt because, assume the man have idea  on crypto and invest huge amount of money on crypto when the price is low, it would have Fitch him more money. Anyone that is addicted to gambling will never remember BTC investment because their major target is to use $50 or $100 to win millions which it can lead them to own many debts that will make them to sell their properties in the future to solve the debt.

There is no way you will invest little money on BTC in the bear run and you will not test the good side of BTC investment because, those that started BTC investment with little capital in the community are doing well.

[Fuso.hp]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling.  

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

 
Honestly, if he had invested in bitcoin, he should have been in good profit by now, but the truth is that not everyone knows about bitcoin investment; many people are just hearing about it, but I don't think they know about it as a good investment.
 
And again, gambling is a temptation. Someone cannot easily say this is how much they want to gamble, and when it reaches that certain amount, they will stop. Gambling is hard to control because it always comes with the hope that you will later win, especially when someone is addicted. I believe this $18k the person is owing; he did borrow it at once. I believe he was borrowing it gradually, thinking that it may recover its losses until it reaches this $18k.
 
I can't really say, but even if this type of person is in the cryptocurrency industry, they will still likely suffer losses like that kind of amount in gambling to scammers because of their aim of making it quickly. If not even in gambling, if some are not eager to make quick money, they cannot continue to waste that kind of money in gambling through borrowing.

Bitcoin investing is not as easy to learn about gambling as it is about gambling. While watching videos on Facebook or YouTube, it is now easy to come across tempting gambling ads and it is difficult to resist the temptation. Gambling in Bangladesh is illegal and Bangladesh is considered as a predominantly Muslim country and gambling is completely haram according to Muslim customs but still people are not deterred from gambling. If the person who got 18000 dollars in debt by gambling was asked to invest, I think he would have considered gambling more acceptable than investing because he has seen several times the profit of gambling in YouTube or various Facebook videos. If you cannot control your greed, it is not possible to get out of such gambling addiction.

[2Pizza410000BTC]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

When gambling people never think that they will lose, they know when they lose. The person you mentioned here may be in government service but gambling has consumed him to such an extent that he cannot get rid of it so he participates in gambling by borrowing money from people. Roughly speaking, he is a gambling addict. We know about bitcoin so we are thinking about his lost 18 thousand dollar investment with bitcoin but that person doesn't know about bitcoin so his lost 18 thousand dollar investment in bitcoin is totally meaningless. However, every person should think first and act in such a way that people do not fall into apocalypse later.

[retreat]

That goes back to the person, there are also people who gamble but can still invest in bitcoin, because if that person is disciplined and responsible for the gambling he does, I think he will be able to gamble and invest in bitcoin at the same time.
It's true that if he hadn't gambled before and instead invested that much money in bitcoin investments, maybe he would have made a lot of profit, but that was of no use anymore, he was already trapped in debt, and he had to solve the problem and then learn from the experience to become a better person.

[Youngkhngdiddy]

Investing and gambling can be done at the same time. The problem with some people is that they treat both as investing when in reality they don't have the skills to be profitable in gambling. Well, investing in bitcoin isn't that easy also, because if you don't have the patience and discipline, you'll also end up losing, you know, there's a bear marekt that would result to bitcoin dumping so hard, so if someone panic, he might have sold it at a loss.

What I'm trying to emphasize is that nothing is certain when it comes to investing, that's why there's a risk on investing because it doesn't guarantee a profit. While gambling would only make our life worse if we don't know how to handle it, I mean, losing $18k and end up $18k in debt, that's too much stupidity in their, and that is clearly the result of gambling addiction, so he needs to man up, face the problem and solve it, and make sure to learn from that mistake, even the hard way.

  You’ve said it all mate, Gambling and investing both involve uncertainty around gains and losses, so the line between them is thin. Many investors gamble and many gamblers invest (think a good poker player). In my opinion the main difference is around 1. how well is the risk managed? 2. what is expected return? Compared to gambling, Investing generally has more rigorous management of risk and diversification, and has a positive expected return. So the person betting 10% of his bankroll on each toss of the dice at the craps table is gambling. The person who's on the other side of that bet and 1000 other uncorrelated/diversified bets, the casino owner, is investing.
  Cryptocurrencies, especially Bitcoins, are widely considered to be the most promising innovation that this generation has been trying to perfect or perfect in this economical frenzy of freedom. They are literally everybody’s last resort when it comes to serving everybody’s vested interests related to the widely believed nature of government bodies and their scrupulous urge to understand everything which they don’t even have to. Just like every other  businesses and investment, it a risky one, gambling is not any thing related,  the only thing is they both yield profit and looses too as the case maybe.

[Blitzboy]

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling.  

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

 
Honestly, if he had invested in bitcoin, he should have been in good profit by now, but the truth is that not everyone knows about bitcoin investment; many people are just hearing about it, but I don't think they know about it as a good investment.
 
And again, gambling is a temptation. Someone cannot easily say this is how much they want to gamble, and when it reaches that certain amount, they will stop. Gambling is hard to control because it always comes with the hope that you will later win, especially when someone is addicted. I believe this $18k the person is owing; he did borrow it at once. I believe he was borrowing it gradually, thinking that it may recover its losses until it reaches this $18k.
 
I can't really say, but even if this type of person is in the cryptocurrency industry, they will still likely suffer losses like that kind of amount in gambling to scammers because of their aim of making it quickly. If not even in gambling, if some are not eager to make quick money, they cannot continue to waste that kind of money in gambling through borrowing.

Bitcoin investing is not as easy to learn about gambling as it is about gambling. While watching videos on Facebook or YouTube, it is now easy to come across tempting gambling ads and it is difficult to resist the temptation. Gambling in Bangladesh is illegal and Bangladesh is considered as a predominantly Muslim country and gambling is completely haram according to Muslim customs but still people are not deterred from gambling. If the person who got 18000 dollars in debt by gambling was asked to invest, I think he would have considered gambling more acceptable than investing because he has seen several times the profit of gambling in YouTube or various Facebook videos. If you cannot control your greed, it is not possible to get out of such gambling addiction.

Comparing Bitcoin investment to gambling is oversimplified. Risks are shared, but thats it. Investing in Bitcoin or other cryptocurrency involves strategy, market knowledge, and technology. Its about informed choices, not luck.

Social media ads' promises of instant gambling riches are risky. It exploits greed by promising easy fortune. In contrast, Bitcoin investing requires patience, discipline, and long-term thinking. Gambling's quick enjoyment traps people into financial disaster, as witnessed with the debtor.

We must educate and empower. We must educate people about Bitcoin and financial strategies. Financial literacy, knowing risks, and making decisions that reflect values and long-term goals are key. Dont demonise Bitcoin because of a few misguided people.

[rodskee]

it is always sad seeing good people specially servers that turns their life in addictions and
ends their great career because of gambling , sadly this army already did a great living to be in military
and also to be in crypto but now that he is doomed , am afraid everything will end for Him and maybe
his family.

That goes back to the person, there are also people who gamble but can still invest in bitcoin, because if that person is disciplined and responsible for the gambling he does, I think he will be able to gamble and invest in bitcoin at the same time.
It's true that if he hadn't gambled before and instead invested that much money in bitcoin investments, maybe he would have made a lot of profit, but that was of no use anymore, he was already trapped in debt, and he had to solve the problem and then learn from the experience to become a better person.

that is the problem as it is addiction that makes it worst for everyone and people like Him
that already serves the army but still made a mistakes.

[leonair]

Gambling, while tempting, can be dangerous, as your experience shows. Contrast gambling with investment. As seen by your elder brother's financial crisis, gambling is risky and unexpected. Though volatile, Bitcoin investing offers more control and educated decision-making. Knowledge of risk is crucial.

Imagine his investment in Bitcoin or another currency. Research and strategy could have changed the outcome. His tale emphasizes financial literacy and responsible decision-making. We should consider risks and rewards and balance gambling, as this story warns.

Gambling is risky and investment in bitcoin is also risky but bitcoin investment has also big profit for long teram holding. Gambling just bring a big profit is short time and also loss big amount in short time. But bitcoin require long time holding for a good profit. so anyone can make profit from bitcoin if they hold long term but everyone can't gain good profit from gambling if they Don't have good knowledge in gambling, skill and experience. so gambling is not for everyone

[HONDACD125]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

Any person who has a bit of consciousness is surely aware that gambling is a very bad thing. gambling is a disease that I think is impossible to cure once someone gets it. A gambler always thinks that he will succeed in the next bet, and so he keeps losing. I have a relative who got addicted to gambling from childhood, due to which he lost his capital, his property and even his house.
Of course, the current debt will be a problem for his father and the entire family.

Gambling and Bitcoin can never be compared , because Bitcoin is an investment, but one of the best investments in the world. I don't calculate how much profit he would have made by now if he had invested in Bitcoin, but I do know that if he had invested in Bitcoin at least he wouldn't have been in debt. It is not necessary for a gambler to invest in bitcoin instead of gambling, but whoever has capital should invest in bitcoin as it is a good option for future profit.

[Adbitco]

Gambling they said is there to make you or mal (destroy) you meaning if we don't apply wisdom we might end up leaving in debt especially when the person has finally sink into gambling that is becoming an addicted gambler. What I also noticed from your friend is that he wants to make all manner of money because he feels his salary wasn't enough for him so he has to go into gambling to have a satisfactory end meet, without knowing that he is gradually sinking into addiction. However, bitcoin investment all required patient and long term plans maybe who knows what could have been his achievement for this 8 years of his life.

[AirtelBuzz]

Not everyone can gamble responsibly by fulfilling their responsibilities. You may not take gambling seriously but there are many people like the one I mentioned who have lost everything in gambling. The brother I mentioned is a government employee and if he was satisfied with his salary he wouldn't have gambled mainly because his gambling aim was to earn a lot of money overnight. He is now burdened with debt due to his desire to earn huge amount of money overnight. Sometimes we need to learn from what happened to some people so that the same thing doesn't happen to us again. Hopefully the common gamblers have gained some understanding of the horrors of gambling addiction.

If the people around him know how he has become addicted to gambling and heavily in debt they might quit gambling if they are addicted to gambling. Gambling can never make people rich. I think people who gamble and want to be big make the biggest mistake. Gambling may make a profit in the initial stages but later returns as a debt. If a person is very greedy for money then he gets himself addicted to gambling like the person mentioned in your post did.

[CryptoHeadlineNews]

There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

But If I should understand, is the $18,000 the sum total of his debt in gambling ever since he joined the Bangladesh Military? Or is the amount his debt in gambling only this year 2023? Which are you referring to? Because I'm still kind of confess on why will an individual like him from a middle class family go gamble a huge amount like this he can't afford to lose, if this could not be a product of greed and carelessness, as it's people like this who gives bad name to gambling, simply because they were unable to control their emotions & quest to get rich overnight. Hence, the only solution will be for him to pay for his debt, while others learn from this to gamble only what they can all afford to lose.

[dezoel]

That's us, we will only understand it more or how bad a thing is, when it's already too late or we already did the bad thing. Just to clear out, I'm referring to getting addicted on them because I still believe that any things in this world are all beneficial as long as we know how to use them properly.

As for the loaning part, your friend may not avail it if he didn't get heavily attached to the game. It's still normal for us people to make a loan but we are using it in important things only. We only need to make sure though that we can pay the loan, separate the money for it, and pay it on time. So that no problems are going to be encountered.

[cozytrade]

OP, too bad for that person he didn't choose the right path. He has carrying such a huge debt burden for leading himself on the wrong path. There are many people in our society who get addicted to gambling without thinking about the future of themselves and their families. They think they can get rich overnight from gambling. With this mindset, they gamble and repeatedly fail and lose money. They cling hard to gambling to make up for lost money and slowly become destitute. I think it is our duty as conscious citizens to discuss Bitcoin with gambling addicts. So that they can get out of gambling and build a bright future by investing in Bitcoin with the full concept of Bitcoin.

[bhadz]

That's the side effect of gambling and no one can skip that until he realizes that he's doing it wrongly. Yes, he's gambling it the wrong way and didn't able to control himself and was able to take a huge loan. $18k is no joke in today's period of time and this money can do a lot of stuff if someone gives me that amount. But can we revert our actions just as this guy? No. But it's not too late for him to re-do his things and has to repay the loan for him to move comfortably whether he wants to gamble again or invest in Bitcoin. We can't direct people's action and correct them or regret from what they've done. It's true that there's a feeling of being able to regret as if we're in their shoes but let them serve the mistake to teach them valuable lessons in life.

[electronicash]

he gambles while he has no job. how unlucky is the person to whom he owes some money, he will never see his money again. what happened to him in 8 years in the army that he became an imbecile.

the guy is obviously incapable as mentioned by OP, his father works hard to give him a job. his father has to look for a job for him, that's insane. his father must have pampered this kid since he was little and now he can't stand on his own. 

[Miles2006]

In the gambling world stories like this are very common and a lot of people end up regretting and some will still go back despite the debt, that's their choice and they are addicted to gambling I don't see any point blaming such people but if they're willing to change and withdraw from such act for a long period it will be better, I don't know about the loan issue in your locality but mine if you're not with a valuable property you can't be given such huge amount or he borrowed the money from different individual, let's just assume he borrowed the money for bitcoin investment it will would have sound better and nice compared to gambling that has high risk of winning, I still don't support the fact of borrowing money for bitcoin investment or gambling, both investing and gambling requires your own money and still bet what you can afford to lose and invest what you can afford, the issue with borrowing money sounds stupid most especially in gambling that doesn't give guarantee of making profit.

[JoyMarsha]

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

Without much prolonged talk, the burden will be a whole lot for the Army personnel to carry on despite being trained to endure bad moments and pains. Many people have been consumed because of this kind of burden of debts they carry around. I don't know whether your army elder brother will be able to survive the shame and anguish of how to pay back the $18k debt on gambling.

The questions that will be running through your army elder brother are how long would it take or how would he go about paying back the $18k debts through his monthly salary, without the army authorities knowing about it or he to do something unlawful just to pay off the $18k debt.

It will be a hard time for him, all he needs now is support and encouragement from you and his family members on how to pay back the debts so that he will commit suicide because of thoughts and shame of the accumulated debts.

[bitterguy28]

and what this will end , he will lose his job because of such action and to become a family burden , sorry to hear this but he must decide sooner or will be a loser forever.

Is it path of the law in military not to gamble? In work, he has no offense is what I could think and see about this.

Nope but I generalized what will come sooner as he was already into addiction , i have just foreseen His future to end like losing His job if he will not change to a good acting , because we knew how gambling addiction can bring to person with just a one big mistake will end everything that we have gathered for long time.

this is how story told from many gamblers and from what is written in the news that ends up even nightmare.

and actually this post of mine is a challenge for Him to either Stop gambling now or lose His job forever .

[Sebas.tian]

This is how sudden gambling can bring to a person , not to mention an ARMY GUY that is trained to have discipline yet now a gambling loser? and maybe can be called gambling addict?
and what this will end , he will lose his job because of such action and to become a family burden , sorry to hear this but he must decide sooner or will be a loser forever.

I think, that Army man was addicted to gambling for such person to spend huge amount of money on gambling hoping that he will win to recover all his money back but he ended up in huge amount of debt that will take him many years before he can recover through his salary. There are still some people over there receiving salary huge amount weekly or monthly but they never think of Bitcoin investment than to continue spending the money for drinks or gambling that will make them to regret for taking such decision like the way that Army man is regretting from his mistakes.  When you invest in Bitcoin in the time of bearish season, and hold for the price to increase to your satisfaction before you can sell and smile which is the best thing Bitcoin investment can cause for those that invested in the right time.

[cryptoWODL]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years.

As he was in the army for 8 years, he was well paid in those 8 years and even got an increase in his salary. I don't understand why he got himself addicted to gambling was he not smart. He served in the army for eight years, which is 96 months.In our Bangladesh, the salary of a common soldier is minimum 20 thousand taka in basic condition. If his full salary in eight years is considered to be twenty thousand then our Bangladeshi Taka is 19 lakh 20000 Taka. This amount of money is enough to spend a person's whole life comfortably.

But he chose gambling to earn extra money and eventually came back heavily in debt. This debt of his will be very difficult for his family to bear as their family is middle class.

[Jegileman]

Bitcoin and gambling are two different things and they shouldn’t be interlude with one another. Gambling can be compared to investing in altcoins but for bitcoin it is totally different from that perception. Bitcoin is less risk while gambling and investment in altcoins are full of risk that can left you to emotionally downcast if things doesn’t go as planned. For those that have taken a career of future path through gambling, they should know that it is not worth it and it should just be for fun. If they are looking to make long and lasting investments that can make them rich overtime, they should rather invest in bitcoin.

[gabbie2010]

This is how sudden gambling can bring to a person , not to mention an ARMY GUY that is trained to have discipline yet now a gambling loser? and maybe can be called gambling addict?
and what this will end , he will lose his job because of such action and to become a family burden , sorry to hear this but he must decide sooner or will be a loser forever.

I think, that Army man was addicted to gambling for such person to spend huge amount of money on gambling hoping that he will win to recover all his money back but he ended up in huge amount of debt that will take him many years before he can recover through his salary. There are still some people over there receiving salary huge amount weekly or monthly but they never think of Bitcoin investment than to continue spending the money for drinks or gambling that will make them to regret for taking such decision like the way that Army man is regretting from his mistakes.  When you invest in Bitcoin in the time of bearish season, and hold for the price to increase to your satisfaction before you can sell and smile which is the best thing Bitcoin investment can cause for those that invested in the right time.

Unfortunately these are one of the few cases of consequences of being a gambling addict and such a case mentioned by the OP had painted almost all gamblers in a bad light, the fact that he is an Army personal I am expected him to be well disciplined in all ramifications and should have gambled responsibly unfortunately he would end up bankrupt because he has to repay a whooping $18,000 which would take many months to repay all his debt, meanwhile the OP is pained that his Army friend didn't invest in Bitcoin which could have earned him more profits but I don't know why he didn't advice his Army friend to invest in Bitcoin earlier.

[Obim34]

You need to understand that both has some sort of risks and equivalent amount of return. If you invest, then you take less risk and hence your rate of profit will be also low. Now when you gamble, you take high risk and in a similar manner the profit is also high. Now depending on the user’s condition and necessity he will do either one of the following or any one. Really OP, the people can’t be blamed here, they gamble and they have to be responsible for their own actions only.

Investment on Bitcoin is always a win - win situation whereas gambling has a lot profits bigger than that of Bitcoin depends on the amount of money or the time of accumulating that Bitcoin.

Bitcoin will definitely give you profit over the years than what gamble will give despite how small your portfolio is their must be something added on top of the case

[uneng]

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

That is a very unfortunate situation your elder brother is going through, especially now during the Holidays. We can tell here anything we want to express how irresponsible he was to have put so much money at risk without prioritizing his investments, sources of income and professional career in first place, but the damage is already done and everything we should care from now on is encouraging him to rebuild his financial life, with the learnship in mind of the mistake he commited and that must not be repeated! What happened was useful as a lesson that will prevent him from wasting money in gambling futurely, but now the focus has to be in finding a job, making money and growing his patrimony.

I believe it's being hard for him to deal with all the negative emotions and possibly regrets hammering his mind day and night. He needs support from the family and friends to start again. Give him strength and hope that the currently obstacle can be overcome and that futurely he can achieve much more than 18,000$ if he struggles towards this objective. If you have health, you can keep fighting and trying, but if you give up, besides not achieving anything, you will also lose your health, because that is what happens when we are consumed by negative emotions on the long run.

[barisbilgili]

Bitcoin and gambling are two different things and they shouldn’t be interlude with one another. Gambling can be compared to investing in altcoins but for bitcoin it is totally different from that perception. Bitcoin is less risk while gambling and investment in altcoins are full of risk that can left you to emotionally downcast if things doesn’t go as planned. For those that have taken a career of future path through gambling, they should know that it is not worth it and it should just be for fun. If they are looking to make long and lasting investments that can make them rich overtime, they should rather invest in bitcoin.

Of course things are very different between the two because people who choose to invest of course have thought about their future and some people who gamble will really depend on how they play the game, if they can control their gambling activities it certainly won't get them into trouble. finances and if they cannot control themselves they will certainly experience an addiction to gambling, of course this is very different.

Indeed, it would be better for us to gamble for fun and not become addicted to gambling so that we can still invest and if we choose to invest in Bitcoin, of course this is very good for long-term investment and this will be very profitable for us if we can hold on. ourselves for desires we don't need and use the income we have to invest in Bitcoin.

[2Pizza410000BTC]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years.

As he was in the army for 8 years, he was well paid in those 8 years and even got an increase in his salary. I don't understand why he got himself addicted to gambling was he not smart. He served in the army for eight years, which is 96 months.In our Bangladesh, the salary of a common soldier is minimum 20 thousand taka in basic condition. If his full salary in eight years is considered to be twenty thousand then our Bangladeshi Taka is 19 lakh 20000 Taka. This amount of money is enough to spend a person's whole life comfortably.

But he chose gambling to earn extra money and eventually came back heavily in debt. This debt of his will be very difficult for his family to bear as their family is middle class.

Gambling addiction consumed him in such a way that he could not control himself. He regularly participated in gambling and lost which resulted in him being heavily in debt at one point. A gambling addict may never think like you. He will always busy himself to get more.

[pinggoki]

That's the side effect of gambling and no one can skip that until he realizes that he's doing it wrongly. Yes, he's gambling it the wrong way and didn't able to control himself and was able to take a huge loan. $18k is no joke in today's period of time and this money can do a lot of stuff if someone gives me that amount. But can we revert our actions just as this guy? No. But it's not too late for him to re-do his things and has to repay the loan for him to move comfortably whether he wants to gamble again or invest in Bitcoin. We can't direct people's action and correct them or regret from what they've done. It's true that there's a feeling of being able to regret as if we're in their shoes but let them serve the mistake to teach them valuable lessons in life.

Don't know about you but I didn't suffer that consequence that you're talking about gambling because I'm smart, I didn't have to learn those lessons the hard way, more like I've learned them from the people around me that have made that mistake, that's the wisest move which is to learn from the mistakes of others and heed the advice that they've got about those experiences and so you don't have to experience it anymore. Definitely he can do the repayment but to me, depending on where he's from, he's better off defaulting that money in a way that wouldn't land him a jailtime because repayment is going to be a worthless hard work for him, not being able to enjoy the fruits of your labor because you're paying that debt, I guess that's part of the punishment.

[fredericktaylor]

Gambling never makes people successful. Gambling only leads people to destruction. If one person in a family is a gambler, the family is destroyed because you will gradually become addicted to gambling and you will fail again and again. There are many people in our society who get addicted to gambling without thinking about the future of themselves and their families. They think gambling can make them rich overnight. With this idea, they repeatedly proceed to gambling.  They resort to gambling to make up for lost money and gradually become destitute. You don't get addicted to gambling and wait for bitcoin investment to get good profits which will gradually lead you towards success.

[AirtelBuzz]

Gambling never makes people successful. Gambling only leads people to destruction. If one person in a family is a gambler, the family is destroyed because you will gradually become addicted to gambling and you will fail again and again. There are many people in our society who get addicted to gambling without thinking about the future of themselves and their families. They think gambling can make them rich overnight. With this idea, they repeatedly proceed to gambling.  They resort to gambling to make up for lost money and gradually become destitute. You don't get addicted to gambling and wait for bitcoin investment to get good profits which will gradually lead you towards success.

Yes correctly said. Gambling can never brighten people's future but leads to destruction of people's future. There are also many gamblers who have become addicted to gambling.They become addicted to winning and forget all humanity in the hope of making more money. I have also seen many gamblers who sold their land to gamble but ended up in debt and never made a profit.

[Blitzboy]

That's the side effect of gambling and no one can skip that until he realizes that he's doing it wrongly. Yes, he's gambling it the wrong way and didn't able to control himself and was able to take a huge loan. $18k is no joke in today's period of time and this money can do a lot of stuff if someone gives me that amount. But can we revert our actions just as this guy? No. But it's not too late for him to re-do his things and has to repay the loan for him to move comfortably whether he wants to gamble again or invest in Bitcoin. We can't direct people's action and correct them or regret from what they've done. It's true that there's a feeling of being able to regret as if we're in their shoes but let them serve the mistake to teach them valuable lessons in life.

Don't know about you but I didn't suffer that consequence that you're talking about gambling because I'm smart, I didn't have to learn those lessons the hard way, more like I've learned them from the people around me that have made that mistake, that's the wisest move which is to learn from the mistakes of others and heed the advice that they've got about those experiences and so you don't have to experience it anymore. Definitely he can do the repayment but to me, depending on where he's from, he's better off defaulting that money in a way that wouldn't land him a jailtime because repayment is going to be a worthless hard work for him, not being able to enjoy the fruits of your labor because you're paying that debt, I guess that's part of the punishment.

Your focus on learning from others' gambling mistakes is smart. There's a fine line between cautious advice and squandered opportunities. Responsible gambling involves planning, risk management, and the excitement of the unknown. A skill that can be improved.

Your friend's debt: default over repayment? A dangerous move. Its hard to struggle to pay off debts, but honesty matters. Repayment restores trust and accountability, not just money. Defaulting may appear easy, but it has legal, moral, and personal ramifications. Gambling is about risk against profit. While learning from others is wise, doing it yourself with control and understanding is invaluable. Balance means understanding when to risk and when to retreat. The actual art of gaming and life.

[benalexis12]

Investing correctly will definitely make you a good profit. But if the investment is chosen incorrectly, the capital or money used is a waste; it's that simple. But in the times we're here today, cryptocurrency is a win-win for a lot of people who understand the crypto space.

They will surely benefit the most when the bull run comes for sure next year. Because I personally see a lot of potential cryptocurrencies that will really kick the price value at the height of the Bitcoin bull run.

[lienfaye]

Losing a huge amount of money and ended up with huge debt as well are the worst. We often realize our mistakes after we lose our money and it's sad that we have to experienced such before learning something. If only the money is use to invest in Bitcoin (or in other opportunities) the result might be different.

Gambling is never a way to gain money, it is only possible if you're lucky. Therefore it should be treated as a way to entertain ourselves and not to grow our money. I just feel sad for the father who support his son to get a job yet the son didn't value everything he had.

[Kasabus]

The problem is, not everyone is interested to invest in bitcoin. Probably because they still think that bitcoin is a ponzi scheme, and would still end up losing their capital if they risk investing in bitcoin. People instead think that gambling is way more reliable and profitable than bitcoin investment, but only realized in the end that there's no big winner in gambling, only big loser. And only those who have been gambling for quite long understand it, as their losses have clearly outnumbered their profits.

Reality is Bitcoin will give us hope if we are also hopeful throughout the process. But for those who invest just to satisfy their greed, bitcoin will only make them frustrated. However, gambling may leave us destitute if we are incapable to manage its risks, but if we gamble on our spare money and on our free time, we will never lose a lot with gambling.

[cryptoWODL]

Losing a huge amount of money and ended up with huge debt as well are the worst. We often realize our mistakes after we lose our money and it's sad that we have to experienced such before learning something. If only the money is use to invest in Bitcoin (or in other opportunities) the result might be different.

Gambling is never a way to gain money, it is only possible if you're lucky. Therefore it should be treated as a way to entertain ourselves and not to grow our money. I just feel sad for the father who support his son to get a job yet the son didn't value everything he had.

It is true that not everyone is lucky in gambling and many of those who become addicted come back in debt.
Many people think that gambling can change their normal life for which they get addicted to gambling.
But those who are a little aware will never get themselves addicted to gambling and even prevent others from getting addicted to gambling.
Think about OP's local elder brother who despite being a govt servant got himself addicted to gambling and put his family in total danger by going into debt.

[wtsimis]

Army teaches patience, discipline and giving life for the country. I don't understand how an army man can become addicted to gambling. Anyway to my knowledge I have never seen anyone get rich from gambling. Gambling is an addiction. When he is repeatedly losing gambling, he should have quit gambling.

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.

You are correct. If he was not a gambler and had invested in bitcoin, he could have easily paid off the debt and made a good financial profit.

[freedomgo]

That's the side effect of gambling and no one can skip that until he realizes that he's doing it wrongly. Yes, he's gambling it the wrong way and didn't able to control himself and was able to take a huge loan. $18k is no joke in today's period of time and this money can do a lot of stuff if someone gives me that amount. But can we revert our actions just as this guy? No. But it's not too late for him to re-do his things and has to repay the loan for him to move comfortably whether he wants to gamble again or invest in Bitcoin. We can't direct people's action and correct them or regret from what they've done. It's true that there's a feeling of being able to regret as if we're in their shoes but let them serve the mistake to teach them valuable lessons in life.

It's not surprising anymore to see gamblers being addicted in betting and end up with gambling addiction. Gambling itself when abused will eventually lead you to a huge loss or make you buried in debt. But we know that does not end there. You can still get out from addiction if you wish to and see yourself recovering, that is if you want to see positive changes, otherwise you will end up broke because of financial damage.

While gambling can make you lose and leave you destitute, but some extra lucky gamblers have experienced the irony. Gambling made them rich instead, but we should not hold on to that as most of the gamblers still end up with great financial loss while they keep on taking an edge over their gambling urge.

[JunaidAzizi]

Well, this is not his well-to-be debt of $18k, no body wants to lose his money in fact in gambling a person can come just to. increase the money he uses. Your elder brother did not want this situation but we know gambling has no sense or emotions to look whether the person is going in profit or loss it is just a game of luck and your brother's luck is not good.

Wise people always say that gambling within limits if you exceed your limits will destroy you and the same case happened to your brother. He came to get money quickly but lost his money, in my view if he invests all this in BTC or any physical business I am dam sure he will have a huge amount double of it.

[harapan]

Gambling is not for everyone. It you're not strong and well disciplined enough you shouldn't think on gambling at all.

So many persons have ran into debt because of greed while gambling, it's a bit reasonable to gamble with your spare money but if borrowing is the only means of funding you gambling habit, then you should know that it is high time you put a stop to it.

Leaving an isolated life could leave one to becoming unguided  addicted to vices like gambling and once this happens, it takes serious effort before such a person can to recovered from the spirit of gambling.

Yes that's correct.People consider gambling to be illegal and disastrous because its outcome can be wrecking.But I think its going to be a good idea if someone can or could try both sector maybe one at a time.
 Gambling is not a good choice to gain extra cash but people enjoy gambling so much.Although I've heard several news of a man making millions through gambling but could it be that he cashed out in a dubious way,because we all know what gambling is and of course it shouldn't be for the weak because its a riskier venture.Gambling is uncertain and it cannot save tour finances.

[jcojci]

If the person can have an open mind about bitcoin and he intends to invest his money in bitcoin, he can make a profit. But the problem is that he was familiar with gambling before he knew bitcoin so he preferred to spend his money on gambling. He also borrowed money to continue gambling, which was a mistake he should not have made. He already has a fixed salary so he shouldn't have any problems with gambling activities because he can allocate some money.

But because he prefers to gamble more often or with a lot of money, he has to lose all his money. He also has to pay his debts, and hopefully, he can pay back all his debts on time. This is a lesson for all of us that when we are familiar with gambling, we must be more careful.

[AnonBitCoiner]

Army teaches patience, discipline and giving life for the country. I don't understand how an army man can become addicted to gambling. Anyway to my knowledge I have never seen anyone get rich from gambling. Gambling is an addiction. When he is repeatedly losing gambling, he should have quit gambling.

Army man cannot do anything without the permission of government and one who is a part of army will not do anything that will harm him and is bad for his family and country. Other thing is he is a disciplined person he will not do gambling but sometimes a person is so greedy in order to earn more money that he  cannot wait for his salaries and put his money into gambling in order to enhance money but he loss his own salary too.

You are correct. If he was not a gambler and had invested in bitcoin, he could have easily paid off the debt and made a good financial profit.

Investment in Bitcoin and gambling is very different things and we should make a differentiation between them. bitcoin investment is a popular and successful way of earning whereas gambling is just lossing of money, lossing of trust and lossing of everything so remember that always choose a successful way instead of that way in which you loss your own respect.

[Alphazet]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

Gambling is not a solution to profit more bitcoins , Gambling dates back at least to the Paleolithic period, before written history to about 3000 BCE.

[YOSHIE]

Investing in Bitcoin will bring you hope and gambling will leave you destitute.

Why is it known that many people are rich in China, because they have been taught from childhood how to invest, especially nowadays, crypto makes it easier for people to invest in the long term, for this reason, investment has good opportunities for the future, while gambling makes life worse in the future.

Whatever the reason, gambling and investment are two different factors, investment makes money, gambling costs money, here of course we can judge which one is good to consider, Whatever the reason, gambling and investment are two different factors, investment makes money, gambling costs money, here of course we can judge which one is good to consider.

[Tipeform$]

Gambling is a very serious addiction. The lives of those who become addicted to gambling are completely ruined. OP I want to know if the surplus person you gave is experienced with bitcoin, if he is experienced with bitcoin then I think he missed a big opportunity in life. If he had known about Bitcoin, he might not have wasted so much money gambling. He must have invested that lost money in bitcoins and used some of the proceeds to gamble. However, those experienced with Bitcoin may have realized here that it would have been much better to keep investing in Bitcoin than to gamble and lose money.

[Renampun]

...

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

Those who don't feel responsible for themselves and their families actually don't deserve pity, they shouldn't indulge in their lust to continue gambling online because they have gambled using money that doesn't belong to them, they are in debt for gambling, I can only imagine how happy they are his life if he didn't lose money because of gambling, didn't have debt because of gambling and made big profits from investing in bitcoin.
I know choosing to gamble and invest is each person's choice, but think again about what will happen to your future, investing, especially investing in Bitcoin, will give you big profits, but gambling will only make you lose money, especially if you don't have the good one emotional control.

[GeorgeJohn]

Gambling, while tempting, can be dangerous, as your experience shows. Contrast gambling with investment. As seen by your elder brother's financial crisis, gambling is risky and unexpected. Though volatile, Bitcoin investing offers more control and educated decision-making. Knowledge of risk is crucial.

Imagine his investment in Bitcoin or another currency. Research and strategy could have changed the outcome. His tale emphasizes financial literacy and responsible decision-making. We should consider risks and rewards and balance gambling, as this story warns.

When you compare and contrast between venturing into gambling and bitcoin investment the one that be safer, its obvious that gambling doesn't have full assurance of making profit or to recover your capital, both of them deals with risk and gambling is more risky than bitcoins investment, because your involvement with bitcoin may not caused you harm a gambling may caused because you can't monitor or control gambling but you can control a bitcoin investment, so I think we are all saying similar thing.

This is how sudden gambling can bring to a person , not to mention an ARMY GUY that is trained to have discipline yet now a gambling loser? and maybe can be called gambling addict?
and what this will end , he will lose his job because of such action and to become a family burden , sorry to hear this but he must decide sooner or will be a loser forever.

I do emphasise on this always, because its well known that gambling have to do with risk and mostly the disadvantages is higher than the advantages, so what makes someone to be much committed with gambling and also be a gambling addict is when you start to think that gambling can give you a payment more than your job, and again when you are pausing your losses in gambling,  it's obvious that anyone who is determined to pause it loss will easily get addict in gambling unaware, this like evolution of addiction if you interchanges the meaning.

[Nothingtodo]

OP, As far as I know as a Bangladeshi it is forbidden to participate in gambling as an army person in Bangladesh but since your neighbor is almost bankrupt by participating in gambling in this case if the army administration department finds out about your neighbor then he may face a lot of problems in his work life and his job There will be a possibility of leaving. So prevent your neighbor from gambling addiction as soon as possible and control yourself from all kinds of criminal activities.
Moreover, you should not encourage your neighbor to invest in Bitcoin because Bitcoin is not legal in Bangladesh, so investing in Bitcoin as an army person can certainly cause a huge loss in his job if the government finds out about this. But if he can invest in bitcoin with utmost privacy then there shouldn't be any problem but if he can't protect privacy then I think he shouldn't invest in bitcoin.

[Oneandpure]

Those who don't feel responsible for themselves and their families actually don't deserve pity, they shouldn't indulge in their lust to continue gambling online because they have gambled using money that doesn't belong to them, they are in debt for gambling, I can only imagine how happy they are his life if he didn't lose money because of gambling, didn't have debt because of gambling and made big profits from investing in bitcoin.
I know choosing to gamble and invest is each person's choice, but think again about what will happen to your future, investing, especially investing in Bitcoin, will give you big profits, but gambling will only make you lose money, especially if you don't have the good one emotional control.

Regarding with the responsibilities from some gambler, I don't think all gambler losses their responsibilities with their family and use free money deposit to gambling fund. Actually right bitcoin investment can bring us new hope and expectation in the future but some gambler don't make gambling as profession and only have fun trough get more free time.

Depend on each gambler mindset, they don't try to make gambling have to earn profitable every time and get fun only when stress in working so they don't just fund have been allocated for their family for depositing in gambling account.
During can controlling well with smart money management I think its not really bad although one side scare with some gambler can't controlling their emotional.

[kotajikikox]

this is the reason why we must not compare gambling  into investing so this is a sad thing to hear that a person of a service and government is now dealing with such hardship.

try to help them understand the consequences and the possibilities of losing His job.                             

[cryptoWODL]

Army teaches patience, discipline and giving life for the country. I don't understand how an army man can become addicted to gambling. Anyway to my knowledge I have never seen anyone get rich from gambling. Gambling is an addiction. When he is repeatedly losing gambling, he should have quit gambling.

Even though that army was repeatedly defeated in gambling, he did not stop gambling because he was completely addicted to gambling. To my knowledge the army of any country in the world cannot engage itself in any work without the opinion of the government. The OP's mentioned army got himself addicted to gambling because he thought he could make a lot of money from gambling. But he forgot that one can never get rich from gambling and even he lost his sense of humanity due to which he came back heavily in debt.

this is the reason why we must not compare gambling  into investing so this is a sad thing to hear that a person of a service and government is now dealing with such hardship.                              

It seems to me that investing is different and gambling is different as you have lumped it together. But he of the said army knew nothing about crypto currency i.e. Bitcoin due to which he got addicted to gambling and made huge bets there.

[radjie]

Army teaches patience, discipline and giving life for the country. I don't understand how an army man can become addicted to gambling. Anyway to my knowledge I have never seen anyone get rich from gambling. Gambling is an addiction. When he is repeatedly losing gambling, he should have quit gambling.

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.

You are correct. If he was not a gambler and had invested in bitcoin, he could have easily paid off the debt and made a good financial profit.

Unfortunately, as Op said, he didn't invest in Bitcoin, even if he invested in Bitcoin, it's likely he wouldn't have that much debt because his debt came from gambling.  Gambling without control does have a bad impact even though it is used for entertainment, but if it continues to be done repeatedly it will make the economy even worse.  Everyone can certainly assess the benefits of investing compared to gambling.  Gambling will be comfortable when players can limit themselves and are aimed at seeking entertainment rather than gaining multiple profits from it

[Republikcoin.com]

this is the reason why we must not compare gambling  into investing so this is a sad thing to hear that a person of a service and government is now dealing with such hardship.

try to help them understand the consequences and the possibilities of losing His job.                             

Two things that are fundamentally different are not worth comparing for any reason so understanding for the sake of understanding must always be there for people who make comparisons of these two things. And if there are people from government agencies who are involved in crypto investment, they still don't really understand the consequences of investing in crypto. So it's good to be given a fairly basic and complete enough understanding so that they don't make mistakes in assessing it and comparing it with different things such as gambling.

[Taricoins]

Bitcoin is the best place for investing and people who are into bitcoin investment are really making it. I have never invest in bitcoin before but I have friends who are into it and also benefiting from it.
Because back in the days when i was playing gambling I  have never gain anything form it, since the day I started it, and thank God that I stop it quick because many people who are addicted to it are selling of their property to play gambling. so I will never advice anyone to play gambling but rather investment their money in bitcoin

[Z390]

You are inviting peace of mind when you choose Bitcoin as your long term investment instead of gambling, Bitcoin as investment is like a retirement fund that you will be paid in the coming 10 years, and it's certain, but gambling is like trying to have all those money that should take you 10years in a single day, which one is more realistic?

I don't know how people get lost in gambling so much that it start to affect their lives, are they not just trying to deceive themselves? I am into gambling too but I do it for fun reasons and getting lucky with what I can afford to lose, my gambling doesn't pass using $10 in a week and when I can afford $20 too, in return I only want $100 -$1000 if I am very lucky, how can this small amount ruin my life?

But people are too greedy, if a stranger is a gambler they are probably very greedy, the few I know are so greedy that they risk all money they make from their work to gamble because they want to build houses and have dream cars very quickly, their thinking turn into a source of punishment for them, the lack of facing reality.

[FinePoine0]

Today I will share a real incident. An elder brother of my area who has been working in Bangladesh Army for 8 years. We have walked with him enough since childhood and played many sports together but we never saw any such habit in him. He used to serve in the army and used to come home when he got leave and we used to hang out with him but recently we heard some bad news about his affairs through his younger brother. There are various online casinos in which he gambled and ended up in debt of around $18,000. Already his father is a middle-class family member and his father works hard enough to get him a job and manage his money by borrowing heavily but by this time he is 18 thousand dollars in debt due to gambling. Not only did he lose $18,000 by gambling, but he ended up with eighteen thousand dollars in debt, and he also lost money by gambling out of his salary. 

If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts.  If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling. 

I don't owe you $18K so we may not understand it but the one I shared with understands how heavy the burden of debt is.

Gambling addiction is the main reason why your neighborhood elder brother is facing losses. The person who has suffered the most losses due to gambling addiction would surely not have suffered losses if he had adopted some strategy. But investing in bitcoins is sure to make a profit, Bitcoin price was $20000 in February 2023. It has been exactly one year so the best bitcoin investment. Advise your friend if he wants to pay off his loan fast then he should definitely invest in DCA method to get fast profit by investing in Bitcoin and do loan council. (abstaining from gambling) and investing in Bitcoins

[Princess Leah]

Gambling addiction is the main reason why your neighborhood elder brother is facing losses. The person who has suffered the most losses due to gambling addiction would surely not have suffered losses if he had adopted some strategy. But investing in bitcoins is sure to make a profit, Bitcoin price was $20000 in February 2023. It has been exactly one year so the best bitcoin investment. Advise your friend if he wants to pay off his loan fast then he should definitely invest in DCA method to get fast profit by investing in Bitcoin and do loan council. (abstaining from gambling) and investing in Bitcoins

You're right, instead of staking my money on gambling I'll rather invest it on Bitcoin. Well,  we all know that they have their risk factors but come to think of it, staking money in an online casino is more riskier, cause gambling doesn't guarantee total success According to experts, also those who benefit from it are not very much compared to people who lose from it.

 Furthermore, I don't think a good number of people would be proud of saying they've benefited from gambling, it takes more than it gives and I think it mostly depends on luck. I've heard people in my area advising their friends not to consider it as a major source of earning a living. Well bitcoin has it's own risks a well and that is due to it's volatility in price.

 Asides that it's a safe heaven and a good investment especially now that the halfing is by the corne. Investing in bitcoin is not a bad idea for instance those who invested heavily in it by buying the dip in 2023 when it was 20k would be probably rich at the moment, that's if they Hodl or bought more cause the current price is above 50k which is about double the amount they got it for in 2023 you can't see such things in gambling.

[$weetne$$]

But investing in bitcoins is sure to make a profit, Bitcoin price was $20000 in February 2023. It has been exactly one year so the best bitcoin investment. Advise your friend if he wants to pay off his loan fast then he should definitely invest in DCA method to get fast profit by investing in Bitcoin and do loan council. (abstaining from gambling) and investing in Bitcoins

Many people that invested into Bitcoin will make profits if they don't do anything but just be buying and holding Bitcoin but many people that are gambling are losing, gambling takes money always from you therefore it's not a good way to think that you can make money. If you want to make money always choose investment, investing in Bitcoin will make you rich in a short time. When you're gambling you're depending on luck but investing in Bitcoin isn't about luck because everybody that invest and hold always make profits but not everyone that's gambling will win their games . Bitcoin was low last year and anybody that had bought it will have made big gains as Bitcoin is  trading very high. Investing in Bitcoin will bring you hope because of the profits that you'll be getting and it can keep increasing if you continue holding.

[Troytech]

If I'm not conversant with the way gambling takes advantage of people's greed i would be surprised that an army officer who has gone through years of training and discipline would find himself in such dip shit of debt through gambling.

It's true that uncontrolled gambling addiction can end people in great debt and even cause financial instability to people, but like I said uncontrolled, your elder brother is not the only gambler I've also seen people who has gambled for years without getting themselves into major mess but when gambling has entered your mind it can destroy you. So I think the lessons should be on self control as gamblers in terms of our greed cause at the end of the we are still the once to make the decision to gamble too much or nor.

[NewRanger]

Trading and holding coins is very difficult to do. we have to control our thoughts and emotions while the value of our assets decreases a lot. To be a long-term investor you need to be mentally and emotionally strong, price movements are at high volatility so, if we can't control it, I'm sure the potential losses will be minimized by themselves and the perception of investing in BTC will be even more positive. Yes. Even if later we get less profit, as long as we can avoid losses in the market, it is better for us.

[Finestream]

You are inviting peace of mind when you choose Bitcoin as your long term investment instead of gambling, Bitcoin as investment is like a retirement fund that you will be paid in the coming 10 years, and it's certain, but gambling is like trying to have all those money that should take you 10years in a single day, which one is more realistic?

I don't know how people get lost in gambling so much that it start to affect their lives, are they not just trying to deceive themselves? I am into gambling too but I do it for fun reasons and getting lucky with what I can afford to lose, my gambling doesn't pass using $10 in a week and when I can afford $20 too, in return I only want $100 -$1000 if I am very lucky, how can this small amount ruin my life?

But people are too greedy, if a stranger is a gambler they are probably very greedy, the few I know are so greedy that they risk all money they make from their work to gamble because they want to build houses and have dream cars very quickly, their thinking turn into a source of punishment for them, the lack of facing reality.

Humans are naturally greedy, but those who resort into gambling are like taking shortcuts to satisfy theirselves with exceptional amount of income, and that’s the wrong side of it, since there is no free or easy money in reality. If you win huge amount, know that it will also go back to the casino if you decide to gamble continuously.

However, if you chose to invest your funds in bitcoin and hold it for long term, you are sure that you will yield significant amount of returns if you stick to your goal and not selling it earlier than your target selling price. While gambling can offer you too good to be true amount of profits, investing in bitcoin on the other hand ables you to be more hopeful as you are preparing your retirement soon with bitcoin long term hodling.