Damn it I just lost all my bitcoins - page 4.

Bitcoin Magazine

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Quote from: trashymonkey on May 27, 2014, 08:52:37 PM

So I just lost all my btc saving (1.6 btc) by gambling, in about a half hour. I lost just a little bit, and of course I gambled a little more trying to make it back. I lost even more, so I started putting even more to try to make up. Eventually I found myself down to .4, and I put it all down, and thought maybe I would double my money, and just stop at .8.

Well I lost that too, so now I am completely broke. I feel like such a schmuck. I honestly don't feel that I have a problem with gambling (probably have maybe 3-4 hours of online gambling experience under my belt) and one trip to Atlantic City, where I spent 50 bucks (which was "fun money" that I already figured was spent). I've never done anything so foolish before!

Now I'm flat broke. Like I have 5 dollars in my wallet, and that is it.

I don't really know where I'm going with this, I just feel like a jackass Sad

it's ok. tomorrow i will be starting the 2450 btc public fund.

bluefirecorp

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Quote from: beetcoin on May 27, 2014, 09:24:32 PM

in this day and age, you have to think long term.. gambling is fun and all, but imagine if BTC went up to $10,000 per coin.. you'd think to yourself "i gambled away $16,000.

I gambled away at least 10 BTC in the past. So much regret. (This was when coins were between $2 and $15).

beetcoin

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in this day and age, you have to think long term.. gambling is fun and all, but imagine if BTC went up to $10,000 per coin.. you'd think to yourself "i gambled away $16,000.

GoofyUK

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Activity: 28

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Quote from: IamCANADIAN013 on May 27, 2014, 09:19:01 PM

Quote from: GoofyUK on May 27, 2014, 09:11:58 PM

think of it as an expensive lesson, now you know to never gamble again

gambling is a mugs game, never gamble.

In terms of gambling, losing roughly $900 USD is a pretty cheap lesson. Its a crappy way to learn, but it could be much worse.

For the most part I agree with the never gamble part. But it can be fun to go to the Casino with a bunch of friends with say a $20 limit. It can make for an entertaining evening.

sure, i guess sociable gambling is OK with friends at a casino but when you're sweating it out with all your money going to go busto or make it then where's the fun in that?

IamCANADIAN013

hero member

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Quote from: GoofyUK on May 27, 2014, 09:11:58 PM

think of it as an expensive lesson, now you know to never gamble again

gambling is a mugs game, never gamble.

In terms of gambling, losing roughly $900 USD is a pretty cheap lesson. Its a crappy way to learn, but it could be much worse.

For the most part I agree with the never gamble part. But it can be fun to go to the Casino with a bunch of friends with say a $20 limit. It can make for an entertaining evening.

GoofyUK

newbie

Activity: 28

Merit: 0

think of it as an expensive lesson, now you know to never gamble again

gambling is a mugs game, never gamble.

IamCANADIAN013

hero member

Activity: 714

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You will never come out ahead if you gamble. You may have a lucky streak and win a little. The longer you play the more you'll lose in the long run. The casino always has the advantage.

Sorry about your luck, at least it was only 1.6 btc. I have a buddy that gambled away his condo. The bank foreclosed because he kept gambling away his mortgage payments.

Gimmelfarb

hero member

Activity: 658

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when it comes to gambling -- and i don't recommend it -- you need to have bankroll management. betting 1/2 or all your bankroll at once is a sure way to lose it all, every single time (because once you win once, twice or even a third time you will eventually lose it all)

KonstantinosM

hero member

Activity: 1492

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Life is a taxable event

Lady luck can be a bitch. I was thinking of gambling a little bit, maybe with a 5 Bitcent limit.

I think the trick is setting limits or not gambling at all.

The considering an X amount of funds gone strategy would work very well if you had implemented it.

If you feel like gambling again just send the BTC to me!

BTW: I feel your pain I've lost about 0.1 BTC in bitbet bets.

trashymonkey

full member

Activity: 133

Merit: 100

So I just lost all my btc saving (1.6 btc) by gambling, in about a half hour. I lost just a little bit, and of course I gambled a little more trying to make it back. I lost even more, so I started putting even more to try to make up. Eventually I found myself down to .4, and I put it all down, and thought maybe I would double my money, and just stop at .8.

Well I lost that too, so now I am completely broke. I feel like such a schmuck. I honestly don't feel that I have a problem with gambling (probably have maybe 3-4 hours of online gambling experience under my belt) and one trip to Atlantic City, where I spent 50 bucks (which was "fun money" that I already figured was spent). I've never done anything so foolish before!

Now I'm flat broke. Like I have 5 dollars in my wallet, and that is it.

I don't really know where I'm going with this, I just feel like a jackass Sad

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