^ On this perception, you are not a gambler, you are a holder because you care about the value of BTC.
A gambler will not care about a value when it will drop or up, if they gamble in crypto after they purchase, they gamble it directly to the gambling casino that they like to gamble there is no loss of the value because you are purchasing at a lower price and in gambling casino if you will bet 1 BTC you will win 1 BTC even if the price has drastically down. Volatility is nothing if you are a gambler, but if you care on it you are a holder.
Agree with you. there is no worry for gambling addicts when the price of bitcoin falls or when bitcoin goes up, of course they will bet and bet as usual. and I experienced this myself because I play gambling only with Doge crypto currency, I don't care if the Doge goes up or down when I want to play gambling I always buy Doge and make bets. maybe in this context only newbies in crypto gambling will have a problem with this because they see the estimated value of the asset falling since the market crash and measure Btc to fiat.
When you do gamble then you wont really be mattering or minding that much about investment or on the coin that you've been using in terms of its volatility since you would be always be thinking or minding about on fiat
value which does simply means that whatever the market condition would be then you wont really care about the price as long you do love to play gambling then this is what you would really be thinking on.
Pros and cons would be typically be talking about gambling addiction and financial problems and into its pros then it would be a huge winning and leisure you do seek off.
Its just common sense but there are people who do go beyond borders and would really be ending up on the wrong path.