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

[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.