What's your thought about this?
I have a scenario for this topic:
John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;
Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?
Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.
What can you say about this? Or maybe you already experienced this.
If I were your friend then I will not go to gamble it. It is really hard to accept the fact that he lost his bitcoin. I know that feeling, but we can't blame him if he wants to get back what he loses in his own way. If I were your friend and I have money to invest again, then I will buy bitcoin again at the price of $4000 and wait until bitcoin gets increase again.