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Gambling isn't an opportunity even though there is a possibility of winning. Since crypto gambling became popular the rate of losses in gambling has I creased drastically because people are trying to earn fast. Bitcoin gambling is a trap, you are at risk of losing a valuable asset whenever you stake with it. Instead of gambling with Bitcoin it's way better to put it into an investment that's a long term
Since all of these things happen online digitally including the gambling and your assets, I feel like that's the number one reason why it can lead to a trap for someone who doesn't take it slowly. Coupled with these bitcoin gambling sites have made staking and/or engaging in gambling almost seamless.
I know the initial intention just like every other advancements was positive, such that it was created to make payment processes easier and less tedious but its ripple effects is what makes it prone to addiction and financial losses, in the sense that people can now almost instantly set a bet and fund their wallets in very few minutes and less stress of payments or what a view.
The big question for me now is, do we consider bitcoin gambling sites a big opportunity for the people or a big trap that will leave many young people addicted and financially broke?
Well, I think bitcoin gambling sites as you referred to it as, or online crypto currency casinos, are neither a big opportunity for young people, but it's also not a big trap either.
Online crypto casinos is maybe somewhere in-between a big opportunity and big trap, and I say this because gambling generally is either good or bad, it all depends on our manner of approach; that is, our experience in gambling will solely depend on how we treat it, for example, you treat gambling like it's a business, this simply means that you will have to gamble every day and would depend on it for livelihood, something that all gamblers are highly discouraged from doing because this could destroy life and great destiny.
On the other hand, one could choose to treat gambling as a fun venture, play only with an amount of money he can easily afford to lose, this person would enjoy and have a good experience with it because he is gambling for the right reasons, people like this could one day get the opportunity of winning big from gambling, while other person who's livelihood depends on gambling, gambling may become a big trap for him because even though he potential of winning big is there, but he will still likely squander it all and lose the money back to the casino where the win came from.
But what if when you don't take it as a business but then you're already an addict in the name playing the gambling game for fun but too frequently. You know when we even talk about gambling, it is a wide range of games including sports betting, casino games, slots, raffle tickets, etc kinds of games.
You know there's the possibility of someone getting addicted to one kind of gambling but not addicted to the others or being able to manage their level of attachment to one kind of gambling but unable to do same to the other, whereas you will also see serial gambling addicts who become addicted to virtually multiple kinds of gambling in the name taking some for fun while others for business but end up being tied to both? What can one do in that situation?