Hodl, do not use all your money to gamble.

[DiMarxist]

How will someone be thinking about gambling with money from his Bitcoin holdings, this is strange to me that someone will actually attempt that at the first place. Gambling should only be done with cash that is not ment for the purpose of investing or even budgeted for some important. Anyone who gambles with money from his Bitcoin holdings has crossed the line and should have a therapy session so as to have a mental evaluation. It will only take someone who is at the verge of addiction to use money from Bitcoin holdings to gamble.

[Bitcoin_people]

Those who invest in Bitcoin plan to hold it for a long time since Bitcoin can be gambled with on gambling sites. So instead of gambling with the money they hold, those who hold Bitcoin should hold it and enjoy gambling with the extra money they have. Although gambling is a lucrative place, the most important thing is to have control over it, if you lose yourself here, you will definitely not have the money you hold. That is why I think holding Bitcoin on gambling sites would be the biggest mistake because at any moment the mentality can change and gambling with the money you hold can end them. That is why I think it is better to keep Bitcoin in a good hardware wallet and hold it and gamble with the money that you can control yourself if you lose for entertainment and fun.

[impulse709]

Perhaps this is always my main mistake - the desire to use the entire deposit here and now. And I think many gamblers and bettors have the same problem. It all starts with a normal quiet game on a laptop or smartphone, but when the day is really bad, like in slots, I lose control. First of all, I really want to immediately increase the bids to the maximum. I'm going for a psychological way out of my calm and using an increase in the MartinGale rate to get back all the money I spent as soon as possible, but this makes me lose it even faster.

So if a gambler or bettor is also uncontrolled, then he will not just want to immediately use his entire deposit when there is no luck in gambling, he will also remember that he has money on the card. And that's the scariest part. When the feeling that fortune has made you a loser today bursts from the inside and you want to recoup as soon as possible. Not just to win back all the money at the casino, but also to do it as quickly as possible to either drown out the feeling of universal injustice or because this money was supposed to go to an important cause, but was stupidly lost at the casino.

This is a huge risk when it comes to gambling because when emotions get in the way, discipline goes out the window. Many gamblers begin with a straight approach, but once they encounter a losing streak, they begin to bet more and more, chase their losses and forget all about taking care of their bankroll. While Martingale is appealing on paper, it can quickly wreak havoc on the whole harmony. The worst thing that people need to realize is that they start using their money that they should be spending on their real responsibilities to make up for their losses. This is why gamblers should never use all their money for gambling and should realize that some days are simply days that they are going to lose.

[Pandu Geddon]

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

Therefore, some say that gambling should be for those who can truly manage their finances. So they know the amount of money allocated for investment, and the amount of money they can use to have fun gambling or for other entertainment. The most important thing is, if your income is not large enough, never force yourself to bet a large amount.

[Yablee0]

Things are best to be done orderly so as to have a cool and a positive result at the end of the day. Gambling with funds that was surposed to be for other purpose without thinking twice is absolutely madness,  I know it's fun gambling but not at the cost of ruining other important thing that would have created more value to you. However, gambling from your investment holdings is the height of it and at this point only a addicted dude's can ever think of such crazy idea. I hate it when I see adult that is surposed to be in Charge of their actions are now allowing their actions to be in charge of them, this is sad and needs to be addressed.

[Leahized]

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.

Holding Bitcoin is good and will give good return in future but many gamblers gamble despite knowing this. Because the gambler thinks gambling can make rich in less time and change life. Moreover, even if everyone can invest in Bitcoin, they cannot hold it for a long time. And impatient many will sell BTC. That is why the investor has to make a specific plan, where there is no desire to gain much. However, the possibility of losing money in gambling is much higher than investing. So apart from investing, budget separately for gambling and enjoy the fun.

[Ever-young]

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

Therefore, some say that gambling should be for those who can truly manage their finances. So they know the amount of money allocated for investment, and the amount of money they can use to have fun gambling or for other entertainment. The most important thing is, if your income is not large enough, never force yourself to bet a large amount.

Anyone who still insists on gambling, even when they know that their income is very small, or not enough to cover all essential expenses, then it's a clear indication that they plan to use gamble to as a tool to cover up for the limited income and to use the wins to pay up for the needs or bills that are left behind, and if there's one thing I know about gambling, it is that fact that nothing is certain, especially the wins, so it will be very risky for anyone to have high hopes on something that is so unsure and unstable as gambling.

[danherbias07]

The big question.

You are able to keep on betting because you are chasing the losses. It doesn't matter about the amount. What matters is getting back what you lost.
Some people don't want to hold because they are chasing ROI. For them, it doesn't matter if it's half of what they gambled as long as they can get something back. Sometimes, we have to be flexible with them. There are things they don't want to share, and I think it will be important if we are there to listen to them.

I am not a killjoy, but I found myself in that position just recently. Friends are looking for help because they cannot stop gambling. We should be there to remind them we can help.

[LastKiss]

~snip~
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.

That’s why using money you can afford to lose is very important. You need to have emergency funds, investment for the future, money for your daily lifestyle, etc. and lastly, if you’re a gambler then you should also set aside a budget for your gambling habit.

With that, you won’t feel like you’re missing the train. Look at other view, some people spend a lot of money on their hobbies and if you think about it, investing that money in something like Bitcoin would probably make more sense than overspending on hobbies, right? But yeah if they can afford it then it’s fine.

[vs2014]

I consider gambling as an investment of my extra savings so I gamble based on my financial management. A family and myself require a large amount of funds so I focus on these expenses first. If you keep losing while gambling regularly then at the end of the month your total fund will be reduced and it will be difficult to run your family's expenses. So if you have some money in your wallet after giving up everything then you can test your luck by gambling with that. Don't try to recover your losses or get addicted.

[Hispo]

...

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

It is easier said than done, though.
When one starts gambling without having a budget, it is quite easy to chase losses and end up depositing from one's holding wallets, you know?.
It is going to continue to happen and the best thing we can do is being aware of how addicting gambling can be and see the future we have ahead for the sake of ourselves and those who are around us.

When someone gets pretty deep into gambling, investing gets boring. Mentally changes pretty drastically, doubling one's money in a year sounds like a children game, when they could double their money in a single dice roll.
If someone wants to keep holding in the long time, one needs to keep separate both the our gambling mindset and the investor mindset.

[Odusko]

How will someone be thinking about gambling with money from his Bitcoin holdings, this is strange to me that someone will actually attempt that at the first place. Gambling should only be done with cash that is not ment for the purpose of investing or even budgeted for some important. Anyone who gambles with money from his Bitcoin holdings has crossed the line and should have a therapy session so as to have a mental evaluation. It will only take someone who is at the verge of addiction to use money from Bitcoin holdings to gamble.

Really, it doesn't make sense to me because gambling should be done with money that the gambler has no urgent need for, because he will definitely lose at some point.That is why it is very important to gamble within your limits and not to use money that you have a special need or purpose for, like using your Bitcoin holdings to gamble.

[Findingnemo]

~
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 understand this concept, what is HODL money and what is the remaining ones?

Every money is money and if you are holding bitcoin and never want to use it for gambling but okay with gambling on altcoins doesn't really make a difference, the same money can goes into the HOLD wallet as well right?

[Charcol]

That is why it is very important to have self-control in gambling. I think those who have proper financial management and proper planning will not fall into the temptation of gambling and sell their investments. If someone puts a certain amount of extra money aside from their expenses into investments and keeps a small portion for gambling, and if they can stop gambling even if they lose a certain portion of their gambling, then I think they will not lose their investments for gambling. But excessive gambling beyond control is the cause of addiction. And once they become addicted, they forget about investing. Then they lose and need money again and again.

[CryptSafe]

xxx  some say that gambling should be for those who can truly manage their finances. So they know the amount of money allocated for investment, and the amount of money they can use to have fun gambling or for other entertainment. The most important thing is, if your income is not large enough, never force yourself to bet a large amount.

Financial management otherwise means being disciplined financially to be able to manage their funds and financial flow. No matter how big or small your income is, as long as you are financially disciplined, you could be able to use your money wisely and within your stipulated budget. This means anyone can bet as long as the casino you are playing with can accommodate or have a betting range within your budget limit, then you are good to go. And I will agree with you here that no one should force themselves to bet or play above their income limit.

[Bluedrem]

I don't think people should be breaking up their Bitcoin portfolios to fund their gambling. Bitcoin is the safest and most valuable hedge.
I would say people should gamble with the money they would have if they didn't have it, which is what we call discretionary income. I have also seen many times where a gambler can't hold on to his money even after winning the jackpot. Later he loses several times more money than he won in the jackpot. In this case, I would say the only reason for this is greed and lack of self-control.

[Cryptomultiplier]

~
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 understand this concept, what is HODL money and what is the remaining ones?

Every money is money and if you are holding bitcoin and never want to use it for gambling but okay with gambling on altcoins doesn't really make a difference, the same money can goes into the HOLD wallet as well right?

Bitcoin is also money and meant to be spent as well. I prefer to even use the more stable coins to gamble instead of using outright Bitcoin, because it just makes Bitcoin less of digital gold in my eyes and more of an everyday currency for expenses.

Anyone gambling at this point knows that they should do so with the funds they can afford to lose and that means one can hold Bitcoin as an asset and still use altcoins or fiat to gamble because it has been set aside for that some purpose.
Not knowing how to differentiate holdings from miscellaneous expenses is just a sign such a person doesn't know how to budget their funds properly or understand anything about bankroll management.

[Fiatless]

I consider gambling as an investment of my extra savings so I gamble based on my financial management. A family and myself require a large amount of funds so I focus on these expenses first. If you keep losing while gambling regularly then at the end of the month your total fund will be reduced and it will be difficult to run your family's expenses. So if you have some money in your wallet after giving up everything then you can test your luck by gambling with that. Don't try to recover your losses or get addicted.

You remind me of one of my relatives who was having problems in his home because of his gambling habits. He kept using money that should be used to cover basic needs to gamble. At the end of the month, majority of his income goes to gambling. This has put his family into financial crisis. Thse who dont have and follow a financial plan would always have problems. His wife was always complaining of how his habit has affected the wellbeing of the children.

[Popkon6]

Gambling people who do not create a budget face danger while gambling. Because the person who fails to control money will face the only addiction, here Bitcoin will be invested and a separate budget will have to be created. If there is a habit of gambling, then that person will gamble with his separate budget money. And if gambling is a loss, he will have to get out of gambling immediately, the only gambler who does not follow these strategies will not hesitate to break his Bitcoin holding.
Therefore, money control is the most important in gambling and Bitcoin holding, the person who does not follow the strategies is the only fool and is ready to face danger.

[Africolo]

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.

A good and responsible gambler who knows what he is doing will not use all his money to gamble when he knows fully well that gambling is unpredictable and you can loose all your money in the space of seconds, as a gambler who don't depend on gambling alone as his source of income should be able to have a budget for he or himself so as to control his gambling habits in a such a way that won't make him gamble recklessly or irresponsibly.

There are people who don't even care about the money they have lost while gambling, they just keep betting and chasing looses all day and even when they have gambled beyond the limits they ought not to have gambled they still go on just because they're too desperate to win and recover what they have lost. We should try not to gamble with all our money because winning it back is not guarantee so such risks should not be undergone by any gambler.