and they want to chase their loses.
It's not because they just want to chase their loses. Those people who won big before like to experience it again so they will try to play over their limits. Others also don't want to cut their winning streak since why should they stopped if they are lucky.
That's a common situation already in gambling and even those professional ones are having a traits like that. For me, it's ok to play on limits as long as after doing gambling, they are in still on themselves without any changed towards their attitude.
I agree, having limits is important for gambling. We need to control our self's because we can't always be winning and especially during losing streaks is self control very important.
The recent drop in bitcoin price will make it more important to gamble with our coins. I feel more comfortable to gamble with bitcoins when prices are falling then when they are rising. With lower prices its more attractive to gamble because we can grow in value through gambling. Whereas when prices are rising we need to be careful to not lose money.
Probably depending on the gambler, because for me, if the price is dumping and I keep gambling, it will affect the value of my coin if the price is dropping, and since we can't guarantee if the price will rise again, then we have no choice but to sell it when we cashing out is already necessary.
Volatility in crypto is normal but our main goal is to win, so we should just focus on that and let the market be volatile as we still benefit on this since not all the time the market only move in one direction.