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.
The scariest part of our lives is when we have a mindset like this, the truth is John didn't lost 50% of his money, he have those bitcoins in his wallet, maybe the price went down but the quantity of bitcoins he bought didn't change at all. It is confusing if we didn't know what world we are taking in, also if we didn't know what is the true meaning of "lost" then we lost ourselves and do something teribble just like what John did.
John panicked and started to startle, thinking that he might get back the money that he "lost" in gambling, that is why he did lost it in the end, so becareful what you wish for.