If the person I am referring to had not gambled in online casinos and invested this amount of money in bitcoins, he would have made a substantial half profit today, even after paying off his debts. If he had bought 1 BTC and sold it now when the price of Bitcoin was twenty thousand dollars, he would have made a profit of about 25K dollars even though he had paid a loan of 18K dollars. The reason for sharing this incident of my local elder brother is to warn users about the dangers of gambling.
Firstly, this topic is suppose to be posted in the gambling board because most people concentration is on the gambling aspect.
People thinks that gambling is a get rich quick thing and they have false hope that gambling can be a life changer for them, which is wrong. People don't want to make money by allowing nature to take it's course but they prefer to look for different shortcut to quick success. This is why even those that know about bitcoin investment is to be held for a long time before taking profit, they will ignore this and prefer to go into trading that they don't have any knowledge on, by looking for signals because they are impatient with life. No investor that invest in bitcoin for a long term that will regret his actions, but will they be patient enough, when they see little increase in price.