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Author Topic: Hodl, do not use all your money to gamble.  (Read 152 times)
Mr_Brilliant$
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Today at 07:45:31 AM
 #21

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..

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Today at 08:09:33 AM
 #22

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.

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Today at 08:32:33 AM
 #23

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.

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Today at 08:52:10 AM
 #24

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.

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Today at 08:57:46 AM
 #25


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.

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Today at 09:09:01 AM
 #26

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.

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Today at 09:21:57 AM
 #27

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.

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Today at 09:47:00 AM
 #28

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.


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