Investment Become Gambling

[SmartCharpa]

Year 2023. I started investing in Bitcoin. The market has fluctuated many times until now. However, I have always had a long-term goal. Although I had to sell once due to circumstances, but I started investing again.

However, a few weeks after my investment, a close friend of mine also started investing. He also talked about long-term investment. Our goals were similar. However, even though the goals were the same, our behavior was not the same over time, and this is where the difference between investment and gambling was created.

He start take profits when price increased. After doing this a few times, he started monitoring the market regularly and analyzing the opinions of YouTube and Telegram. At one point, he started making decisions with the market fluctuations. Sometimes he would buy out of FOMO and sometimes he would sell out of panic. In this way, he would make profits at times and sometimes he would lose.

 Even when I warned him about such behavior, he  misunderstand me that maybe I did not want to let him make a profit.
However, at one point, after significant financial loss, he realized his mistake. The problem was in his behavior.  He had the ability to continue investing well in the long term and even though he started investing with this intention, due to his inability to control his behavior, the investment turned into a gamble. 

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

✨

From the moment we decided to invest in Bitcoin, we already knew that changing of price is also part of the game, it is something that we are going to experience during the investment, so why would the person choose to sell out of fear? To me, if an individual sell their holdings due to fear, they never wanted to invest from the first place, they assumed Bitcoin is something that will continue to increase without going down. And that is a big lies, every investor must witness it.

You and your friend has the same long term goal, doesn’t mean you both are using the funds you can afford to lose. Perhaps, your friend invest with the money he might need anytime soon, which is why he sold his holding due to fear, because he think he might lose everything and don’t have any other options to recover the losses.

[Grace333]

I guess the split can go in different frequency from 1 to 3 that's discretionary for investment 50%, emergency 30%, consumption 20% (or any frequency that places investment highest). Doing these makes personal target simple and clear.

Well like I said earlier the amount allocated to each of them is dependent on the discretionary available and I'll also like you to see things from my perspective. The reason I placed bitcoin and emergency fund allocation to be thesame is because, emergency can happen any time and if your emergency funds is short you might still end up tapping into your bitcoin. This is why we it's good to give your bitcoin and emergency fund same allocation with the context of how wide your discretionary income is. If you still support your idea of 50:30:20 for investment, emergency and discretionary consumption respectively then it would be best to do some math's and make us understand better why you think so.

Don't you think the person's responsibilities should also be put into consideration when spilting their income for different purposes, for instance a bachelor has less responsibilities and could easily afford more for discretionary so such person can assign more for investment compared to a married man with kids.

You're on point mate, both categories of person have different responsibilities so if they earn same amount, it's possible the bachelor has less responsibility and would likely have wider discretionary than the married man with same salary. And this is why it's important to give examples to back up your points because responsibilities can greatly determine how much is allocated to your investment even after sorting out basic needs. A child could return back from school and start requesting for a dull or toy to play with probably after hearing that their classmate has one at home, this is why it is important to make preparation on how much you allocate for investment, backup funds and discretionary consumption in correlation with your responsibility.

[Bryan jessy]

He might actually have a goal different from yours, and you both do not have the same targets and behavioral control towards your assets, it could be that at the long run he encountered issues that left him with no other choice but to make use of his profit and maybe he did not also make reservation for emergency funds which must have left him stranded with no other option, honestly if he had good knowledge about marketing strategies or better still, investment strategies I believe he would have done better than this. But all the same, everyone have the right to do whatever they chooses to do with their assets, we really can not decide for anyone on how to spend, but rather our humble advise which not everyone would take after all.

[B-BossMan]

 Even when I warned him about such behavior, he  misunderstand me that maybe I did not want to let him make a profit.
However, at one point, after significant financial loss, he realized his mistake. The problem was in his behavior.  He had the ability to continue investing well in the long term and even though he started investing with this intention, due to his inability to control his behavior, the investment turned into a gamble. 

There are a lots of things some people need to understand when it comes to Bitcoin investment and Gambling, one shouldn't in any way relates investment to gambling or uses the gambling strategies for investment in a way of claiming smartness. However  Bitcoin investment requires mindset of an expectation that will later grow over time, your goals should works hand in hand with planings and understanding of markets. Also the risks involved. While in the other hand Gambling doesn't comes with all these, gambling only works with the intention luck of making or win a big money after staking a game and its either you lose or win(Higher Risks) moreover, gambling can never be a way of making money, that’s the facts.

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

Yes actually, but once you aren't mental okay and you invest in Bitcoin and later turn it to gambling, when you losses your money you have yourself to be blamed. Your friend should try and understand the difference.

[Solodoski]

He might actually have a goal different from yours, and you both do not have the same targets and behavioral control towards your assets, it could be that at the long run he encountered issues that left him with no other choice but to make use of his profit and maybe he did not also make reservation for emergency funds which must have left him stranded with no other option, honestly if he had good knowledge about marketing strategies or better still, investment strategies I believe he would have done better than this. But all the same, everyone have the right to do whatever they chooses to do with their assets, we really can not decide for anyone on how to spend, but rather our humble advise which not everyone would take after all.

Investment goals are subjective. Most persons want to invest in other to start a business. Some invest to purchase a particular thing, while others for retirement. It always varies from person to person. That alone should be a good reason why we should not judge others investment plan because we don't know what their goal is. Better we focus on our own goals, and how we can achieve it before the period of time mapped out for it. If the goal is to invest for a year, achieving it before 8 months will be very fulfilling.

[Frankolala]

If the goal is to invest for a year, achieving it before 8 months will be very fulfilling.

Anyone investing below four years and sell because he has seen profits is a trader and that's not the right way to invest in bitcoin because the value of bitcoin increases overtime. What will you use the money for, to set up a business or what. I think bitcoin investment is worth investing for a long term so that you can take your time to build and grow your bitcoin portfolio to a significant size for your future.

I believe that bitcoin has the potential power to give you more profits in future than any other business or goal that you want to sell your bitcoin investment for. Many have sold within a short time and are regretting their actions.

[GIF-JOBS]

He might actually have a goal different from yours, and you both do not have the same targets and behavioral control towards your assets, it could be that at the long run he encountered issues that left him with no other choice but to make use of his profit and maybe he did not also make reservation for emergency funds which must have left him stranded with no other option, honestly if he had good knowledge about marketing strategies or better still, investment strategies I believe he would have done better than this. But all the same, everyone have the right to do whatever they chooses to do with their assets, we really can not decide for anyone on how to spend, but rather our humble advise which not everyone would take after all.

Investment goals are subjective. Most persons want to invest in other to start a business. Some invest to purchase a particular thing, while others for retirement. It always varies from person to person. That alone should be a good reason why we should not judge others investment plan because we don't know what their goal is. Better we focus on our own goals, and how we can achieve it before the period of time mapped out for it. If the goal is to invest for a year, achieving it before 8 months will be very fulfilling.

Everyone's goals are different, and everyone invests or trades according to their goals, and everyone's strategy may also be different, because everyone's mental state and financial situation are never the same, so it is natural for each thing to be different. So what is your financial situation, what is your mental state, those things will determine which investment you are suitable for and what your strategy should be. Bitcoin investment is not for everyone, because if you want to achieve the highest chance of achieving success here, you have to hold it for the long term, but according to your financial and mental state, if you do not have the ability to hold it for the long term and continue investing consistently, then of course it is not suitable for you, now after considering such things, we should make an investment decision.

[Plutomanian]

From the moment we decided to invest in Bitcoin, we already knew that changing of price is also part of the game, it is something that we are going to experience during the investment, so why would the person choose to sell out of fear? To me, if an individual sell their holdings due to fear, they never wanted to invest from the first place, they assumed Bitcoin is something that will continue to increase without going down. And that is a big lies, every investor must witness it.

You and your friend has the same long term goal, doesn’t mean you both are using the funds you can afford to lose. Perhaps, your friend invest with the money he might need anytime soon, which is why he sold his holding due to fear, because he think he might lose everything and don’t have any other options to recover the losses.

The longterm investment are for the bigger whales. There's something we should be know before investing. Know the risks involved and rounding our head for the bigger risks. To become a risky investor,  there are extreme lines one ought to crossed because the market itself is never a friendly one.

[Sunshine1525]

The longterm investment are for the bigger whales. There's something we should be know before investing. Know the risks involved and rounding our head for the bigger risks. To become a risky investor,  there are extreme lines one ought to crossed because the market itself is never a friendly one.

You got it all wrong, long-term investment is not for whales alone cause investing in Bitcoin is basically about buying amd holding for long-term which also means shrimps too can buy and hold for long. Understanding the basics alone would help someone who intend to invest tp know how to manage the risks involved.

It's not like Bitcoin investment is one very tough thing to do, if an investor can understand what he/she is doing then follow it correctly and try as much as possible to be patient they'll definitely overcome the challenges along the line. Atleast the DCA is there help investors scale through many difficulties. For instance shrimps can invest as little as they can consistently with it.

[The Founding Titan]

From the moment we decided to invest in Bitcoin, we already knew that changing of price is also part of the game, it is something that we are going to experience during the investment, so why would the person choose to sell out of fear? To me, if an individual sell their holdings due to fear, they never wanted to invest from the first place, they assumed Bitcoin is something that will continue to increase without going down. And that is a big lies, every investor must witness it.

You and your friend has the same long term goal, doesn’t mean you both are using the funds you can afford to lose. Perhaps, your friend invest with the money he might need anytime soon, which is why he sold his holding due to fear, because he think he might lose everything and don’t have any other options to recover the losses.

The longterm investment are for the bigger whales. There's something we should be know before investing. Know the risks involved and rounding our head for the bigger risks. To become a risky investor,  there are extreme lines one ought to crossed because the market itself is never a friendly one.

Long term investment is for everyone, infact that the only type of investment there is as what alot of people call short term investment is simply just trading disguised and investing, anybody who truly wants to invest in bitcoin must do it long term else they shouldn't even bother with it.
It's mentality like this one that pushes people away from investing in bitcoin in the first place, when you start telling yourself you need to be a whale to be able to invest in bitcoin that's when you stagnate yourself without progressing any further in your investment since you have already told yourself bitcoin investment is not for you. For your own good it's better to change that mindset, anyone who wants to cancel invest in bitcoin, it's not only limited bigshots with alot of money, rather it's for everybody.

[PremiumcryptoHub]

From the moment we decided to invest in Bitcoin, we already knew that changing of price is also part of the game, it is something that we are going to experience during the investment, so why would the person choose to sell out of fear? To me, if an individual sell their holdings due to fear, they never wanted to invest from the first place, they assumed Bitcoin is something that will continue to increase without going down. And that is a big lies, every investor must witness it.

You and your friend has the same long term goal, doesn’t mean you both are using the funds you can afford to lose. Perhaps, your friend invest with the money he might need anytime soon, which is why he sold his holding due to fear, because he think he might lose everything and don’t have any other options to recover the losses.

The longterm investment are for the bigger whales. There's something we should be know before investing. Know the risks involved and rounding our head for the bigger risks. To become a risky investor,  there are extreme lines one ought to crossed because the market itself is never a friendly one.

You are wrong, investment goals can be personal but long term investment is not just for whales, it is also for ordinary Nigerians like you. To my knowledge a retail investor can also become a Bitcoin whale if he is a long term saver with a lot of patience. However, you don't have to achieve whale status from the start to invest in Bitcoin and bitcoin investment should be done smoothly, stress-free, as many in our country are doing. I would say that many of us here who invest with long-term goals want to start small and grow big and they continue to invest while maintaining a suitable financial and mental state and stay away from being a pseudo-investor.

[Sim_card]

The longterm investment are for the bigger whales. There's something we should be know before investing. Know the risks involved and rounding our head for the bigger risks. To become a risky investor,  there are extreme lines one ought to crossed because the market itself is never a friendly one.

Bitcoin investment is for all be it the rich or the poor provided that you have a discretionary income and use the right amount of money from your discretionary income to DCA weekly and set up an emergency funds of at least three months of your monthly expenses, you can hodli for long based on when you reach your bitcoin target.

You can invest with as little as $10 and above and be consistent with it. Long-term bitcoin investment needs determination, patience, discipline, focus and sacrifice in order for you to be successful with your long-term goal. The whales already understand how best to invest in bitcoin which is long-term. The poor and average investors need to have a long-term bitcoin investment mindset and work towards it.

[Adams0001]

Everyone's goals are different, and everyone invests or trades according to their goals, and everyone's strategy may also be different, because everyone's mental state and financial situation are never the same, so it is natural for each thing to be different. So what is your financial situation, what is your mental state, those things will determine which investment you are suitable for and what your strategy should be. Bitcoin investment is not for everyone, because if you want to achieve the highest chance of achieving success here, you have to hold it for the long term, but according to your financial and mental state, if you do not have the ability to hold it for the long term and continue investing consistently, then of course it is not suitable for you, now after considering such things, we should make an investment decision.

Surly, anyone have what is best for him and they have different types of investment that if you can understand it better you can benefit from it. is just need to understand it better that is just it. You can't just stand up and start investing and expect profit in a short period of time. Is very difficult to get profit immediately you invest but he works but not all investment. Now bitcoin investment is real and legit but you can't get benefit on it without understanding and have experience, because without knowledge how can you know that bitcoin investment is for long term and is volatile so knowledge is always key to make things easier for you.

Most people that invest and think they are gambling are does that can't be patient to invest for long term they always need fast money so anytime they invest and see they achieved small profit they will think that is nice profit and they can start investing with huge amounts that they can't afford to lose just to get better profit. And is all this shitcoins always make people become gamblers because the more then invest and win they will surly try to invest big when another project comes out and thinking what happens the last time will comes for them again and crypto is volatile you can't get full guaranteed of getting profits when investing in it.

[Zackz5000]

From the moment we decided to invest in Bitcoin, we already knew that changing of price is also part of the game, it is something that we are going to experience during the investment, so why would the person choose to sell out of fear? To me, if an individual sell their holdings due to fear, they never wanted to invest from the first place, they assumed Bitcoin is something that will continue to increase without going down. And that is a big lies, every investor must witness it.

You and your friend has the same long term goal, doesn’t mean you both are using the funds you can afford to lose. Perhaps, your friend invest with the money he might need anytime soon, which is why he sold his holding due to fear, because he think he might lose everything and don’t have any other options to recover the losses.

The longterm investment are for the bigger whales. There's something we should be know before investing. Know the risks involved and rounding our head for the bigger risks. To become a risky investor,  there are extreme lines one ought to crossed because the market itself is never a friendly one.

You are wrong, investment goals can be personal but long term investment is not just for whales, it is also for ordinary Nigerians like you. To my knowledge a retail investor can also become a Bitcoin whale if he is a long term saver with a lot of patience. However, you don't have to achieve whale status from the start to invest in Bitcoin and bitcoin investment should be done smoothly, stress-free, as many in our country are doing. I would say that many of us here who invest with long-term goals want to start small and grow big and they continue to invest while maintaining a suitable financial and mental state and stay away from being a pseudo-investor.

Bitcoin investment is a gradual process, the DCA strategy is like some one making a contribution in form of saving money either doing it weekly or monthly depending when your discretionary income comes, if you keep saving little by little you will definitely save up a big money this process can also be use in accumulating Bitcoin when an investor keep accumulating regularly when ever he  has his discretionary income weekly or monthly for years i believe that will also accumulate good amount of Bitcoin. When you keep dropping little water in a drum a day will come when the drum will get fill up.

[Joeboy]

The longterm investment are for the bigger whales. There's something we should be know before investing.

You are wrong, long term investing is possible for anyone that has their discretionary income ready and available as well as the patience to hold through the market cycle .. Sure the whales may have more advantage considering the fact that they have larger capital to accumulate more Bitcoin, but that still dosen't change the fact that smaller investors can participate.. Try taking a look into history you would see that most whales we have today once started out as small time investors, but through consistency and patience, they where able to increase their holding to the point of becoming a whale..

Know the risks involved and rounding our head for the bigger risks.

You sound like a trader.... And whatever risk you are talking about can be manage when you focus on investing for at least 10 years using your discretionary income..

To become a risky investor,  there are extreme lines one ought to crossed because the market itself is never a friendly one.

Are you planning on becoming a risky investor coz that very seem like gambling/trading, and if you are into such my advise for you is to cease trading/gambling with Bitcoin and become a long term investor... Folks can consistently invest in Bitcoin for a long timeline without having to necessarily cross extreme lines or take huge risk... And they can very well achieve this by employing the DCA approach to invest gradually with their discretionary income based on how convinced they are at that moment and by increase as they go..

[liasbaa]

From the moment we decided to invest in Bitcoin, we already knew that changing of price is also part of the game, it is something that we are going to experience during the investment, so why would the person choose to sell out of fear? To me, if an individual sell their holdings due to fear, they never wanted to invest from the first place, they assumed Bitcoin is something that will continue to increase without going down. And that is a big lies, every investor must witness it.

You and your friend has the same long term goal, doesn’t mean you both are using the funds you can afford to lose. Perhaps, your friend invest with the money he might need anytime soon, which is why he sold his holding due to fear, because he think he might lose everything and don’t have any other options to recover the losses.

The longterm investment are for the bigger whales. There's something we should be know before investing. Know the risks involved and rounding our head for the bigger risks. To become a risky investor,  there are extreme lines one ought to crossed because the market itself is never a friendly one.

You are wrong, investment goals can be personal but long term investment is not just for whales, it is also for ordinary Nigerians like you. To my knowledge a retail investor can also become a Bitcoin whale if he is a long term saver with a lot of patience. However, you don't have to achieve whale status from the start to invest in Bitcoin and bitcoin investment should be done smoothly, stress-free, as many in our country are doing. I would say that many of us here who invest with long-term goals want to start small and grow big and they continue to invest while maintaining a suitable financial and mental state and stay away from being a pseudo-investor.

Bitcoin investment is a gradual process, the DCA strategy is like some one making a contribution in form of saving money either doing it weekly or monthly depending when your discretionary income comes, if you keep saving little by little you will definitely save up a big money this process can also be use in accumulating Bitcoin when an investor keep accumulating regularly when ever he  has his discretionary income weekly or monthly for years i believe that will also accumulate good amount of Bitcoin. When you keep dropping little water in a drum a day will come when the drum will get fill up.

Although the process of accumulating Bitcoin is slow, a poor investor can accumulate a large amount of Bitcoin holdings by doing it for a long time. DCA process may seem slow, but it is strategically one of the best long term Bitcoin investing strategies. You need to follow a weekly accumulation process and this will be a way for an investor to remain disciplined. Although we say slow, it will not always be slow if you continue to accumulate Bitcoin with discipline and maintain cash flow. Cash flow and emergency funds are very important elements for a long term Bitcoin investment, even if an investor does not take it too seriously. Because cash flow provides an opportunity to buy a lump sum amount during the decline of Bitcoin and helps to go into the overaccumulation phase.

[Shadiq]

You are wrong, investment goals can be personal but long term investment is not just for whales, it is also for ordinary Nigerians like you. To my knowledge a retail investor can also become a Bitcoin whale if he is a long term saver with a lot of patience. However, you don't have to achieve whale status from the start to invest in Bitcoin and bitcoin investment should be done smoothly, stress-free, as many in our country are doing. I would say that many of us here who invest with long-term goals want to start small and grow big and they continue to invest while maintaining a suitable financial and mental state and stay away from being a pseudo-investor.

You are right. It is not impossible for a poor person to become a whale investor. "A speck of sand builds a continent, a great wealth is built on small savings". DCA investment is basically based on this foundation. Your investment wealth may be very small, but if consistency and patience can work together, then it is possible for you to become a whale investor.

Regular weekly investment of $10 is not small. If you can maintain this number for a long time (20-30 years), then your wealth can become very large at one time. In this case, the amount of wealth should not be considered large, but consistency and patience are the main things.

[Jaksonhard]

Surly, anyone have what is best for him and they have different types of investment that if you can understand it better you can benefit from it. is just need to understand it better that is just it. You can't just stand up and start investing and expect profit in a short period of time. Is very difficult to get profit immediately you invest but he works but not all investment. Now bitcoin investment is real and legit but you can't get benefit on it without understanding and have experience, because without knowledge how can you know that bitcoin investment is for long term and is volatile so knowledge is always key to make things easier for you.

Regardless of the investment type, it is important to have a good level of knowledge about it as well. Many investors expect to generate quick returns however, most investments require participants to either be patient or to learn over time. Investing in Bitcoin is a real investment however, many Bitcoins are volatile therefore having a good deal of experience and understanding is very meaningful for the investor. By conducting the right amount of research along with having a long-term view, the investor is able to make better decisions and have lower levels of risk.

Most people that invest and think they are gambling are does that can't be patient to invest for long term they always need fast money so anytime they invest and see they achieved small profit they will think that is nice profit and they can start investing with huge amounts that they can't afford to lose just to get better profit. And is all this shitcoins always make people become gamblers because the more then invest and win they will surly try to invest big when another project comes out and thinking what happens the last time will comes for them again and crypto is volatile you can't get full guaranteed of getting profits when investing in it.

The majority of individuals who participate in the investing arena do so adopting a gambling mentality due to their inability to exhibit sufficient patience for the long-run benefit of their investments. As a result of their small profits, many investors quickly become overconfident and then begin to invest (in aggregate) more than they can afford (to forego if unsuccessful). Equally problematic is the increase in behaviour which occurs with many of these new or trendy coins. Winning money initially can lead to the erroneous conclusion that profits can be expected in perpetuity however, this is unrealistic considering how volatile this market continues to be and the fact that absolutely no one can guarantee anything. Because of this reason, one must possess discipline, patience and apply appropriate risk management if one wishes to succeed at investing, regardless of your chosen asset class.

[PremiumcryptoHub]

You are wrong, investment goals can be personal but long term investment is not just for whales, it is also for ordinary Nigerians like you. To my knowledge a retail investor can also become a Bitcoin whale if he is a long term saver with a lot of patience. However, you don't have to achieve whale status from the start to invest in Bitcoin and bitcoin investment should be done smoothly, stress-free, as many in our country are doing. I would say that many of us here who invest with long-term goals want to start small and grow big and they continue to invest while maintaining a suitable financial and mental state and stay away from being a pseudo-investor.

Regular weekly investment of $10 is not small. If you can maintain this number for a long time (20-30 years), then your wealth can become very large at one time. In this case, the amount of wealth should not be considered large, but consistency and patience are the main things.

A regular weekly investment of $10 is not a bad amount, if you have this money deposited as a citizen of our country without discretionary income. However, after reading an educational story today, I realized that if anyone in this LB wants to become a Bitcoin whale, they need to maintain consistency and patience because a five-year Bitcoin DCA strategy has given a net profit of 72 percent. In fact, to invest, we have to passively buy Bitcoin and according to the article I mentioned, the DCA simulation shows that regardless of the market situation, if someone buys Bitcoin, it will be possible to get a good return within five years and then many of us in this country will have the possibility of becoming Bitcoin whales.

Weekly $250 Purchases Since 2021 Yielded 72.4% Returns[/b]
Dollar-cost averaging (DCA) simulations reveal that consistently buying Bitcoin for a fixed amount regardless of market conditions delivers double-digit returns over a five-year horizon.

According to the calculations, investing $250 weekly starting in January 2021 would have resulted in total contributions of $65,500. Over this period, an investor would have accumulated 1.59 BTC at an average purchase price of $41,027. At the current price of approximately $70,700, the portfolio's market value stands at $112,920 — a net profit of 72.4%.At the cycle's peak in October 2025, when Bitcoin traded around $126,000, the value of these holdings would have reached $187,500. By comparison, passively holding coins over the same five years would have yielded an average annual return of just 18%.

[Slimzeee]

Even when I warned him about such behavior, he  misunderstand me that maybe I did not want to let him make a profit.
However, at one point, after significant financial loss, he realized his mistake. The problem was in his behavior.  He had the ability to continue investing well in the long term and even though he started investing with this intention, due to his inability to control his behavior, the investment turned into a gamble. 

When you get to witness loss firsthand, it quickly makes you realize how patience in your long term holding is your best option on the long run. When you make some little profits it might make You think a quick dash in and dash out is the only way around, but it is all a mirage, especially if you do not have subsequent experiences. Sometimes pain is the best teacher. I believe he will still get back up, but he will definitely re-strategize.