Post
Topic
Board Gambling discussion
Re: Crypto hodling as a form of gambling!
by
BabyBoss
on 06/09/2019, 08:47:20 UTC
Ever since I've got into cryptocurrency, I've had several experiences on the  prices on some of my holdings achieved ATH's in a matter of months alone especially on the 2017 bull market and was thankful I didn't sold out early when I got them. Having had a positive feeling about it, I became reluctant to sell some of these cryptos even at the height of its price thinking that I may gain more from them in the future and also believing that this projects have very good fundamentals and does have a room for growth!

Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.

Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some".  Smiley

I know some of you had already been on the same kind of experience just like me. Smiley
 

Yes holding is like a form of gambling because youre expecting in the future to multiply your money or No value at all. Its really hard to live in crypto but if you got luck this only have the chance to be rich instant if you are a token holder. Bigtimers are going to be more richer also. 2