Quote from: Learn Bitcoin on Today at 04:05:00 AM

Quote from: Assiduous on July 11, 2023, 12:54:07 AM

Nowadays many people in our country are addicted to gambling. I have seen many people losing their huge amount in most of the gambling games. If all those people can be informed about bitcoin, how to earn money in bitcoin? I think they would have invested in Bitcoin and they could have made money from it.Besides, if they can discuss about Bitcointalk in detail, then I think they will learn about Bitcointalk besides investing in Bitcoin. In this, the person addicted to gambling could stay away from gambling besides earning money.

They might end up losing their Bitcoin by gambling again! The first thing to do is make sure they are not addicted anymore. If someone is addicted to gambling, I believe they don't have patience. They always want to make a profit no matter how tough it is. If you ask them to invest in Bitcoin and say that Bitcoin will generate profit for them in the long run, I doubt they will be able to hold it for a long time.

They will end up putting their Bitcoin on bitcoin doubler websites and getting scammed. Moreover, almost all online casinos support bitcoin deposits these days; they will also end up gambling on it. The only solution could be depositing their Bitcoin in a time-locked wallet for a long time, and they may make some profit in the future.

That's very true a gambler will have more options to fulfil his/her addiction if they have invested money into Bitcoin because these days almost every online casino accepts cryptocurrency payments, and especially payments made with Bitcoin. Those casinos also offer huge deposit bonus for the users who deposit via Bitcoin and such addicts could end up spending their Bitcoin of such casino sites.

They will lose the money no matter even if the have first invested into purchasing Bitcoin because their addiction wont let them to earn revenue from their investment. However, if those people who are addicts of gambling treat their addiction first and then invest the money on Bitcoin then they will earn quite good returns in long term.

It's still a better choice to go with Bitcoin investment if a gambler knows that he/she wont touch that investment until they gain good returns from their initial investment. In that case their investment would grant them good returns if they hold it without touching it for a long time. The better option for those gamblers should be to invest in Bitcoin and hold those Bitcoin in a cold wallet, and that way they might be able to earn the profits and somehow give up on the gambling addiction.