The Confessions of a Wife with a Husband Obsessed with Cryptocurrency: Nearly a Billion in Debt, Family Shattered

This article is a confession from a wife posted in a group with more than 650 thousand members.

Hello everyone, I would like to share my story and hope to receive advice from everyone. My husband and I have been married for 5 years, and we currently have two small children aged 4 and 2. Our family’s income is 13-17 million VND/month from me and 20-25 million VND/month from my husband. Previously, my husband was a gentle person, who took care of the family, and he did not gamble or drink. We live with my parents-in-law, and they really love me. However, everything changed when my husband started trading cryptocurrency, specifically Bitcoin, over 3 years ago. All of his salary has been invested in the crypto exchange. He has pawned the car twice, and once I had to take out 20 million to redeem the car. In 2022, my husband secretly borrowed 500 million VND from the family and borrowed more money from acquaintances to invest in hopes of making a big profit, but in the end, he lost everything. Later, my family had to help pay more than 200 million VND. My mother-in-law even had to borrow an additional 100 million from my aunt-in-law to pay off the debt. However, my husband continued to borrow through the Home Credit application, withdrawing money to invest further. As a result, the family took on an additional 100 million VND in debt. Although my husband promised to stop and focus on paying off debts, last night I discovered that he spent all of this month’s salary playing Bitcoin over two days and lost everything. The most heartbreaking thing is that he often deceives me about money. In his mind, Bitcoin is not gambling but an investment channel, but in reality, since he started playing, I have only seen losses and mounting debts. Currently, my family has about 400 million dong in overdue debt, and creditors frequently call and send debt collection letters to our house. I am very stuck and don’t know where to start again. Because I am afraid that my parents will worry, I have not yet told my grandparents about this. My family seems to be falling apart because of this. I’ve been thinking a lot and writing these lines in a very confused state of mind. I hope everyone can understand and give me some advice. Thank you very much, everyone! Many members commented below the post that the woman’s husband has a gambling addiction and it’s not easy to change. “Your husband has a gambling addiction, he won’t be able to quit until he loses everything. The more he loses, the more he tries to recover.” – Nguyen Thi Thu Thuan. “I’d rather live with a poor person and work hard together than live with a gambling addict. Addiction is the end.” – Phan Đoàn Châu Tuấn. However, some other members with knowledge of cryptocurrency investment also pointed out that the husband is not investing in Bitcoin but is playing a game of chance. “You should check carefully whether your husband is playing bitcoin or sic bo. Although bitcoin has a futures betting style that can lead to total loss, usually people are scared after losing a few times. However, many people get addicted to sic bo.” – said a member with the nickname Su Hào. “Bitcoin is currently performing as well as coffee prices, it is still maintaining. If it goes this fast, there’s only one thing to do.” - Ha Vy.

Finally, the female member has provided an update on the current situation after listening to everyone’s opinions. I thank everyone very much for sharing. The other day, my husband and I had a big argument about this, and the next day he went to rent a place. Right now, I am very confused and don’t know how to continue. If I go back to my parents’ house, I will have difficulty getting to work because my current job is close to my husband’s home. If I send my child to their grandparents, I will have to be away from my child. And if we rent a place and my children and I live together, I won’t have anyone to help take care of the kids, and their lives will be harder. Staying at my husband’s house is still very tense at the moment. I just hope he realizes and knows when to stop. If he changes, we can work together and this debt can be paid off in just over a year. As participants in the cryptocurrency market, what is your opinion on this issue? Do you have any advice for the woman mentioned in the article?