I think these things happen because of addication. death_wish can shed some light on this I'm sure.
What kind of addiction? I never do drugs; I am very strictly against the recreational abuse of psychotropics. Except in such circumstances as having just lost a fortune, I don’t drink immoderately; I rarely drink at all. I don’t have any history of problems with gambling—perhaps because I understand the mathematics of gambling; if someone offers me a game of chance, I will only bet on the EV+ side in the amount proved optimal by the Kelly Criterion. Not sure what you mean.
gambling addiction
Question or judgment?
I intended to correct something I told Jay (need to catch up with his posts): Technically, I
do have a gambling habit. I have profited before from investing BTC in casino bankrolls, and I wish to do so again. Technically, it is gambling: The house takes the EV+ side of the EV- bet offered to players. The truism that “the house always wins” is incorrect: The house often loses bets, but its average converges on profit for the same mathematical reason that winning players eventually fall into losses. I said that I never gambled, and I didn’t even think of it in this context, because investing in a casino bankroll is not what most people mean by “gambling”.
I have never gambled even one satoshi of my own BTC on the EV- side.