Topic: From Mining to Gambling: A Rollercoaster Ride in the Crypto World (Read 287 times)

I understand how you feel, especially when mining isn't that profitable anymore, there are few people that I helped to set their miners up and they bought the miners for passive income only, the idea of holding for long isn't in them, and when Bitcoin mining isn't that profitable anymore they decide to look for other means, they even start selling their miners.

In your own case OP, it seems you got tired of mining, just like these people that I helped, the mistake I see here is going for gambling when you can learn some else, something based on skills, which I believe will give better result than something that's all about getting lucky.

You choose the wrong niche, learn from it, and a piece of advice for you, it's better to be in mining right now than to stop mining, if you still have your equipment you better fire it up, because very soon, maybe after the bitcoin mining, you will see how profitable Bitcoin will be again, the value might be times three of what it is right now.

It is obvious, given the experience that you easily get $100k in 14 days, you have this belief that you can still recover the losses since you have done and win it before, surely you can win it again.  But alas, luck is not in your side that time so you lost all your winnings in just 3 minutes.  A strong lesson can be acquired from your experience and that is knowing when to call it a day and stop chasing losses.

I also think you got triggered by that situation making you lose control over your gameplay.  It is a good thing that you realized your mistakes and made certain adjustments after that.  I believe most of the readers learned a lot of lessons from your story.

I was familiar with the casino and had completed a KYC verification. It's difficult for me to stop because I believe I can recover my losses. Yes, my big mistake was depositing large amounts, like $1,000. I don't know, maybe I won't stop, but they are gone.

After my initial loss, I found myself torn between two mindsets. One part of me reasoned that it was okay, and I could try again later, while the other urged me to deposit more funds in order to recoup my losses. When I realized that I had lost half of my funds, I felt overwhelmed and began making reckless bets, driven by the desperate need to win them back. In that moment, I was unable to think rationally about my actions. The shock of going from 100k to 0 was incredibly difficult for someone in my situation. The following day, I managed to make 3k, but I ended up losing it because I was still focused on recovering my losses. As a result, I have made the decision to stay away from that site because I cannot afford to continue playing, and I refuse to borrow money for this purpose. Additionally, I no longer believe that I will be lucky in that regard.

An incredible story, but I think that the main theme in it is not cryptocurrencies, but excitement. Have you ever watched a video about ludomaniacs? Your case is a typical scenario of a gambler's behavior. After a small loss, there is a desire to restore everything and after that, each bet becomes bigger and bigger until the deposit is completely reset. It looks like a very unsuccessful Martingale strategy. Don't be upset, as they say: money came easily and left easily.

Finally, I have seen someone who confessed about the wrong move to subscribe to signal groups, you will only get nothing but loss because nothing is promised as a trader even when they give you good trade, it can be invalidated in less than an hour. What painful about the signal groups that many people don't know is that they will collect subscription fees from them and after adding them to the signal group, they don't make anything and the owner of the signal group goes unpunished. Funny how someone will just draw a line and give it to people and he/she doesn't trade it, if it is that profitable, I'm sure that he will keep the strategy to himself enjoying the profit alone without sharing the recipe. 


Jesus! $100k is a big damage man, sorry about that but damn, you learn the hard way because I'm not sure why it's difficult for some people to quit at some point. I know it's easy to quit and say with mouth but there are some profits that I will make at some point in my life that I will have a break and withdraw my money to an external wallet and then have a rethink of the next move. If you do that, you will even have time to think properly about the next move and what to do about the gambling strategy.

Leaving such a win is even a big risk because I'm pretty sure that if you wanted to withdraw that amount from the casino, they would probably say you should undergo some KYC requirements especially if you are new to the casino, we have seen many cases like that in this forum. If you have done that, starting again with a $1k deposit will let you easily know your missed step and when to quit because I know that if you have lost $1k like 3 times, you will not make the next deposit but sorry for the hard experience, you can still bounce back, never give up.

Txid.   0xa602aa6ab5a8acf6d0d47c490d7c26b05c7b9f732fbfdafd35e9e610fb179125

OP I thought I would hear a story like generating cheap altcoins via mining, then depositing them on casino, gambling for fun and repeating the same to get that pleasure you get when you quickly mine, deposit and get the desired fun but what you wrote is truly a sad loss.

Loss is a loss, we can't mask it, it affected his finances and mental health negativity. It's very important now for him to not try to gain what he lost because that is the moment when gambling addiction starts. OP has to forget what happened, imagine it was a fairy tale with good beginning and bad ending but it ended and that's all. OP just don't try to gamble for recovering your loses, you'll lose more. Only gamble for fun if you can, if not, then just forget it.

from depositing 20 dollars , going to 20,000 dollars? damn that is a sign of Loss chaser mate and indeed that this is a sign of you now best in gambling world because there is no place to chase losses .
the moment you sat on the table better to know how to limit your capacity in expecting and in spending .

it is always sad to see how gamblers need to learn the hard way while they can just learn from the mild way.

I'm sure that this is a story that you will keep bumping in your mind to remind you not to gamble again or learn first to know how to limit your budget.

Based on the story that you experienced, you went into an investment that you had no idea about, just like a signal on Wattsapp, and you lost a lot. I think that right here there was something wrong done.

The only thing I don't understand is why you let it lead to such an amount to grow even more instead of stopping it. Did you think that if you continued, you would still be able to recover what you lost to them? That's probably what you thought; that's why you were put in that situation. This is just proof that if you don't have knowledge, your investment capital will just go to waste. That's really a lesson learned, not only for you but also for other communities here.

~snip

Hey everyone, I wanted to share my experience diving into the world of mining and crypto. I purchased three L3+ machines and enjoyed a nice profit from hashing on Nicehash for Bitcoin mining. However, with minimal knowledge, I delved into futures trading, following a paid signal WhatsApp group with just $500. I would enter trades with $200, experiencing some quick wins, making $50 or $100, but ultimately losing it all. Despite earning around $3,000 worth in BTC from mining, I lost it all in futures trading.

Then, I stumbled upon a crypto casino online. I deposited $20 and started playing various original casino games, winning about $350, all in USDT, only to lose it shortly after. Despite winning and losing amounts like $500 or $1,000 from subsequent deposits, I eventually found myself with just $50. I decided to play keno, choosing 10 out of 40 numbers. Luck seemed to be on my side as I made over $100,000 in 14 days. That night, I moved $85,000 to a cold wallet and left $7,000 in the casino to make a daily profit of $200. Additionally, I had $5,000 in Binance. The following morning, I eagerly joined the casino only to watch in dismay as I lost $7,000 in just 10 seconds. Frustrated, I deposited $10,000 from the cold wallet, only to lose it in less than a minute. I continued with a deposit of $20,000, experiencing the same outcome. Observing my substantial losses adding up to over $48,000, I then withdrew the remaining $43,000 from the cold wallet and wagered it all in the casino, losing it. Binance also suffered, and in the span of 3 minutes, I lost over $100,000.

That's my story, and I apologize if it was lengthy. I went to bed wealthy and woke up poor again.

That's my story, and I apologize if it was lengthy. I went to bed wealthy and woke up poor again.