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

[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.