First off I should say I'm a compulsive gambler and I hold a number of different currencies/tokens. Like many I first got involved with Bitcoin and from there learned what other cryptos could do. Hours and hours of reading and sifting through youtube videos helped be decide which ones are likely to make it to mass adoption or not. In the main I took a lot of factors into consideration and have done reasonably well. Starting off with about £800, I have made over 30 times that amount and that's not including taking about £3000 for treats. So all in all pretty happy with how things have panned out. At present I hold Dash, Pivx, Litecoin, ETC, Steem and Lbry credits.
The problem for me is that I have a tendency to get obsessed with stuff and I find myself checking the coinmarketcap website at least 10 times a day, probably more today as there has been a sharp correction in the markets. I go to a Gamblers Anonymous meeting at least once a week and for those who don't know you are asked to stand up and declare whether you have gambled or not since your last meeting e.g. at my last meeting I stood up and said "my name is Martin, I'm a compulsive gambler and I've no gambling to report" and sat back down. The thing is I have this sort of guilt as I feel I might be lying to myself and the meeting. I am reluctant to bring it up at the meeting as I think I know what they might say; something along the lines of "when in doubt leave it out". The advice would be to sell all my cryptos and I don't think I could bring myself to do that.
Officially I haven't gambled since the end of 2014. That started with entering a competition on a yogurt top to win a caravan, went on to day trading on the price of Gold, quickly escalated into silver, natural gas, horse racing, cricket, you name it. Ended up putting last £40 on a finalist in Strictly come dancing (dancing with the stars if you are outside uk). It was a chap called Simon, who used to be in a boy band. Thankfully he was pretty useless and the next evening I was back in a room looking like a ghost declaring that i was beaten once again. That's him in the red suit.
I don't feel like I'm gambling as when I do so I turn into a bit of a maniac; lying, swearing, resentment, rage, jealousy, can't sleep. Basically the negative energy is oozing out of every pour. Not to mention the small matter of blowing every penny I can get my hands on. I try and pray most mornings to the best person I can be, to be good father to my daughters and generally keep my mouth shut on matters of importance.
Another spanner in the works is that one of the main victims of my gambling days, their Mum my ex, has a 50% share in the investments. Now along with behaving like a maniac I blew tens of thousands of our money. All this takes it's toll on a person and at present we live amicably under the same roof until such a time comes when we have the means to go our separate ways. I believe our investments in cryptos make this a real possibility. Can you imagine the response if upon returning from a GA meeting I declared that I have been advised to sell our golden ticket!! She doesn't have a beard but the image below will give you and idea of what might happen to me.
Basically this is a convoluted way of asking anybody who reads this whether they think I have been gambling or not. Thanks for reading.
Martin
i dont think its a gamble, short term yes, long term is a definite no, i could see the total market cap being at 3-4 trillion and the next couple years, this market is catching a lot of attention and has soooooo much potential, good post, followed
Thanks, feel better already :)