Why do some people treat cryptocurrency contracts as gambling?

And become deeply entrenched, unable to extricate themselves

The most paradoxical understanding in the crypto world

The more naive they are, the more they believe they can crack the dealer’s code

The more of a rookie they are, the more they believe in so-called insider information from friends

It all comes down to wanting to make more money when they win, and wanting to break even when they lose,

Specifically, it’s a selective memory: the excitement of winning is magnified, while the pain of losing is diminished, leading to overconfidence.

It makes people think winning is just a matter of luck, ignoring the “house edge” designed in gambling (like the casino payout being less than 100%). This illusion pulls people deeper into gambling, making it hard to pull away.

Winning brings a sense of achievement and self-inflation, making people feel “extraordinarily gifted,” reinforcing the desire to continue gambling.

Losing triggers frustration and anxiety, and many enter a “just to break even” mode, increasing their bets in an attempt to recover losses, often ending up losing even more. Emotions flip between hope and despair, hijacking rational judgment.

We embrace the blockchain bubble🫧, but we reject gambling; we are speculators, not betting on price movements.

If you are deeply entrenched, I wish you well and hope you can break even and leave the table soon.

If you are making money, I hope you can withdraw more to improve your life, safeguard your profits, and respect the market.

Stranger, I wish you well; if fate brings you to me, please follow ➕ share, like, and comment to support, so I can feel your warmth on the other side of this cold phone.