Hodl, do not use all your money to gamble.

[Mr_Brilliant$]

No wise person would trust gambling with all their money or investments…. Gambling is normally inconsistent..  That is why hard earned money should never be fully trusted with gambling or risky decisions driven by emotions..

Holding and gambling is two different things.. One is on long term growth, while the other one is for entertainment and taking risks.. If someone really understand the future potential of Bitcoin, they would not casually use their holding funds for gambling..

[sompitonov]

No wise person would trust gambling with all their money or investments…. Gambling is normally inconsistent..  That is why hard earned money should never be fully trusted with gambling or risky decisions driven by emotions..

Holding and gambling is two different things.. One is on long term growth, while the other one is for entertainment and taking risks.. If someone really understand the future potential of Bitcoin, they would not casually use their holding funds for gambling..

Of course, it's difficult for a player to separate their money for investments, such as Bitcoin, from their bankroll for gaming and betting. They don't accept the possibility of losing their bankroll and having to replenish it with Bitcoin. They think they can earn money by gambling while having fun, but in reality, they're simply paying for the thrill of the gambling platform. I've clearly realized that I only allocate a minimum amount for gambling, just to indulge myself a little, relax, and have fun. But I absolutely mustn't top up my bankroll more than a certain amount per month, lest I end up losing all my accumulated funds.

[Somto9Light]

Another excellent budget measure is to put a strict rule of spending not more than 5 percent of your discretionary funds. Training yourself to this particular dictum proves that you are in logical dominance over the thrill of gambling. Regardless of what they advanced in front of you, stick with it and see to it that you use only the percentage of the leftover amount of the money you have left on entertainment and not what you are showing on your gross income so that you can keep your wallet in good health.

Forcing themselves to gamble with the right amount that won't hurt them, that is why they are to have budget and stick to it as it will help them to maintain their limits and protect their wallet. Also, gambling safely makes them to enjoy the game and separate themselves from anything that will lead them into making financial mistakes and it will affect their lives also and when this happen, they won't enjoy the fun in gambling again.

[Ruttoshi]

Only addiction will make any reasonable person gamble with his Bitcoin portfolio because he's no longer in control of himself. If you observe those gambling for the sake of profit wouldn't have any money left on them but little and if care isn't taken, they can still gamble with the little they have.

Investment is for improving your financial status overtime and gambling is for fun. Do you want to have fun and stay broke in future, that's a dumb thing to do. Gamble responsible always.

[giammangiato]

Say I will gamble but not with the money I want to hodl and not with money that I am already hodling.

I always say that accumulating as much satoshi as possible is the best strategy, using them to gamble is an immense waste.
At most I use altcoins or shitcoins, convert and spend, in rare cases dollars or euros, but the purpose is to conserve.
PS. I think even before I'm 15 that they make a big leap, but since I'm not in a hurry for me it's just a game, since I'm not rich and I'll probably never get there, that's enough for me.
Health and continuity the rest as it comes I take it, the important to be happy even when gambling.

[Die_empty]

Gamble and enjoy yourself but do not be tempted to use your hodl money to gamble. It can be tempting because you have bitcoin, the gambling site accept bitcoin which makes it easy. What you should think most of is hodl, gamble small and enjoy hodling.

Say I will gamble but not with the money I want to hodl and not with money that I am already hodling.

I don't like gambling with Bitcoin. Fiat is my best currency for gambling because every Bitcoin is an asset to me. I see Bitcoin as gold, so it can not be traded carelessly or used for gambling.

You don't really need to blame those who gambled off the Bitcoin the own during the early days of the currency. Bitcoin was damn cheap and many of them never thought that the value would get to this level. Some of them were even expecting the coin to become worthless, so they had to dispose of them as soon as possible.

[Oshosondy]

Holding and gambling is two different things.. One is on long term growth, while the other one is for entertainment and taking risks.. If someone really understand the future potential of Bitcoin, they would not casually use their holding funds for gambling..

Yes, no one will use their money that is meant for holding to gamble, but that does not eliminate that it is possible. It is very possible that this can happen to people that are already addicted to gambling. These are the people that have a very bad mindset of thinking that can put them in trouble or that can not make them go forward in life. It is good to avoid gambling addiction.

[YellowSwap]

I won't advice a soul not to use all their money to gamble, because you don't have to, gambling isn't investing where it will take you years to reap what you sow, in gambling you get instant judgement,faster than anything I know.

If you keep losing money over and over again with no meaningful wins no one will tell you to start thinking straight, gambling is like boiling water it takes no time for any human to know that it's damn hot.

Many people have turned away from hardwork and jobs because they thought that gambling got them covered, it worked well at first until they start to lose money.

[dwyane36]

No wise person would trust gambling with all their money or investments…. Gambling is normally inconsistent..  That is why hard earned money should never be fully trusted with gambling or risky decisions driven by emotions..

Holding and gambling is two different things.. One is on long term growth, while the other one is for entertainment and taking risks.. If someone really understand the future potential of Bitcoin, they would not casually use their holding funds for gambling..

That’s obvious, since people who prefer to hold assets are generally disciplined individuals. Nevertheless, I’m wondering if there have been any cases in the history of the crypto industry where a BTC holder, after many years, suddenly decided to try their luck at gambling and, as a result, lost all their BTCs.

[Taskford]

Some people in the past had the chance to hold, they wanted to but they kept gambling which let them missed the train. The train is here again for you to begin your hodling trip into 12x possible journey of bitcoin within the next 15 years. 2x to 3x or probably more is possible in the next bull run which is also a very good thing.

Gamble and enjoy yourself but do not be tempted to use your hodl money to gamble. It can be tempting because you have bitcoin, the gambling site accept bitcoin which makes it easy. What you should think most of is hodl, gamble small and enjoy hodling.

Say I will gamble but not with the money I want to hodl and not with money that I am already hodling.

Maybe its better stop thinking about those situations happen in the past, since those situation is just part of history. We don't know what will happen in the future as well if Bitcoin would climb up and achieve lots of things nowadays.

So I don't blame people if they didn't hodl and choose to gamble, because sometimes enjoyment matters the most then if they don't have any regret on their past action then everything is provably fine out there.

Maybe what best thing to pay attention is current situation happening and yeah its good to buy and HODL now. Especially that we already seen how big the potential of Bitcoin to achieve more great adoption also for its price to grow more bigger in future.

[DubemIfedigbo001]

People will gamble more with stablecoins like USDT than gamble with they Bitcoin holding, Some well-informed forum members are aware of the risks in gambling and won't gamble with an amount of money that is above 5% of their monthly income. Holding Bitcoin is the main goal, while gambling is for entertainment, so no one is expected to put their life savings into gambling when you can lose everything in just seconds. However, such losses can only happen with Bitcoin holding at a minimal level.

Careless people would still convert their BTC to USDT and gamble with it, the most important thing is to remain disciplined and use separate holding medium for both of them. Addicted gamblers would still exposed their bitcoin holdings to gambling, that is if a all they don't exhaust it while gambling.

Even at a maximum level, newly found addiction can still endanger bitcoin portfolio of any size, the things is to uphold discipline and practice separation of concerns the eliminate possible mistakes. It is a good thing that hold bitcoin and instead of putting much funds into gambling, let's just hold them for our future profitability. We can have little funds of less than 4% of our monthly income dedicated to gambling and we would be fine

[hedgeh0g]

Careless people would still convert their BTC to USDT and gamble with it, the most important thing is to remain disciplined and use separate holding medium for both of them. Addicted gamblers would still exposed their bitcoin holdings to gambling, that is if a all they don't exhaust it while gambling.

Even at a maximum level, newly found addiction can still endanger bitcoin portfolio of any size, the things is to uphold discipline and practice separation of concerns the eliminate possible mistakes. It is a good thing that hold bitcoin and instead of putting much funds into gambling, let's just hold them for our future profitability. We can have little funds of less than 4% of our monthly income dedicated to gambling and we would be fine

I also think it's wise to limit your gambling deposits, because if you don't control yourself well enough, you'll simply lose your savings or Bitcoin. But the important thing is that some players can become depressed and lose control of themselves to the point of simply gambling away all their money, only realizing the next day what they've done. Because in a state of wagering, the player is so eager to prove their case that they don't understand what they're actually doing. It's crucial to always remain focused.

[348Judah]

All our heart end money should not be directed towards gambling, at least we can still try to manage up with the little we have and plan wealth to be able to gamble and still do other important things on a daily basis, being engaged is important so that we don't spend our whole day gambling without doing this other things of relevant to us.

[TheUltraElite]

I think money that one is holding is for investment only. But for someone who is gambling the urge to beat the casino might be so high that they end up spending their held off money as well. This is not uncommon because they are suffering from the ego of being lost to the casino and they want to make the money back badly enough to cover up for the loss.

So they might tap into that held money. This obviously is bad, because we see the future outcome of bitcoin investments to be good.

Limiting your budget is hence the method to prevent such mishaps from happening.

[Charles-Tim]

That’s obvious, since people who prefer to hold assets are generally disciplined individuals. Nevertheless, I’m wondering if there have been any cases in the history of the crypto industry where a BTC holder, after many years, suddenly decided to try their luck at gambling and, as a result, lost all their BTCs.

Not everyone will come out in public to let people know how they lost huge amount of money. It is very possible someone can be holding coin, but lost money while gambling, thinking about using the coins he is holding, to recover the money that he has lost. He can gradually be taking little amount of money from it until he gets frustrated and increase the money in a way that what happens at last is that he lost all his holdings.

[nara1892]

OP I assume it seems like you are one of the people who have made that mistake, meaning it seems like you gambled using funds to hodl Bitcoin and then you lost, if that is true then your experience can be a lesson for us and yes because most casinos now support payments via Bitcoin it really is a big temptation for us especially me to gamble using those funds, but fortunately I have not reached that stage, so far I can still restrain myself from gambling using those funds because it is the same as me failing the opportunity to get bigger profits from accumulation.

[GreatArkansas]

All our heart end money should not be directed towards gambling, at least we can still try to manage up with the little we have and plan wealth to be able to gamble and still do other important things on a daily basis, being engaged is important so that we don't spend our whole day gambling without doing this other things of relevant to us.

I think what OP means here is if you only have Bitcoin, let's say you're holding Bitcoin for good, and there will be a time you will encounter gambling, and OP advises not to use all of this money.
I remember a lot of people before considering Bitcoin as gambling, because I met some people before when they want to gamble, and they always used Bitcoin, since before Bitcoin, still has almost no value, some people tend to spend hundred to thousand of Bitcoins just for gambling without expecting the future price of it.

[Junii]

Some people in the past had the chance to hold, they wanted to but they kept gambling which let them missed the train. The train is here again for you to begin your hodling trip into 12x possible journey of bitcoin within the next 15 years. 2x to 3x or probably more is possible in the next bull run which is also a very good thing.

Gamble and enjoy yourself but do not be tempted to use your hodl money to gamble. It can be tempting because you have bitcoin, the gambling site accept bitcoin which makes it easy. What you should think most of is hodl, gamble small and enjoy hodling.

Say I will gamble but not with the money I want to hodl and not with money that I am already hodling.

I get your point and honestly this is where most people lose the real game. The biggest mistake is mixing gambling money with hodl money especially when the gem like bitcoin is involved.
Because when both sit in the same place temptation becomes very strong and decisions get emotional.
Discipline is what separates long term holders from short term gamblers. If someone believes in Bitcoin long term then hodling should be treated like a commitment not a spare option.
Gambling can still be done but only with a small separate amount that you are fully okay losing.
At the end of the day time in the market matters more than trying to chase quick wins. Gamble small enjoy it but protect your hodl like your future depends on it because in many ways it does.

[Karl_3000]

OP I assume it seems like you are one of the people who have made that mistake, meaning it seems like you gambled using funds to hodl Bitcoin and then you lost, if that is true then your experience can be a lesson for us and yes because most casinos now support payments via Bitcoin it really is a big temptation for us especially me to gamble using those funds, but fortunately I have not reached that stage, so far I can still restrain myself from gambling using those funds because it is the same as me failing the opportunity to get bigger profits from accumulation.

No, I do not lost my hodl money to gambling, but I can not deny that I used it for something else. I wished I had hodl. The reason that I am posting about hodl is that I noticed some people are making mistake like me, not having some money in bitcoin. But I also today think about it that some people can be gambling and using the money they should hodl to gamble. This will be a good thread for such people.

[Dr.Bitcoin_Strange]

I hardly gamble with bitcoin, perhaps I receive my weekly pay in stable coin which is easy for me to just keep aside the stable coin I will be using for betting that week and also use the want I want for DCA and then other needs. Although even if the payment was still in bitcoin, I will only convert the fraction that I want to use for betting and personal needs and then keep some in bitcoin. I don't normally gamble with bitcoin probably because I didn't learn about bitcoin in that way but as an asset for investment. In the next 15 years from now, it's possible that we could get more than these 12x and people that already lost 100ds of bitcoin in gambling decade ago would not make same mistake now.