Topic: From Mining to Gambling: A Rollercoaster Ride in the Crypto World - page 2. (Read 503 times)

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.

According to your story, it sounds like you're want to blame gambling as the reason you lose your money. Gambling is definitely will make you lose in the future, but your fault was gamble all of your funds, you're lack of self control.

I'd say it's dumb for looking to earn money through gambling, even trading is still 50/50.

Can you explain to me why your TXID direct to BSC chain? https://blockchair.com/bnb/transaction/0xa602aa6ab5a8acf6d0d47c490d7c26b05c7b9f732fbfdafd35e9e610fb179125

I thought that you're sharing a happy ending on this but not this time. The lesson that we can learn here is, it's not about how big profit or win that we get.

But it's about on how we're able to save or keep that profit that we make. Because for some who wins a big amount, the thought that it can easily be spent is there because you've got it easily as well.

If you're the type of person that secures every profit you make, taking out the bankroll or capital you've got and then continue gambling with your profits, that's okay. However, if you're also gambling everything after all the winnings and capitals you have, the problem is on you.

I hope that you can recover from this experience and thank you for sharing.

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.

You started well by mining the bitcoins but then you lost the way of thinking you can make good money in future trading and gambling.

First of all, you treated future trading as gambling and that is why you lose money. You need to learn trading first, the use of stop loss and all other stuff so you know how to take your positions and how to prevent yourself from being liquidated. If you just jump in the future trade by following some signal groups. you will lose in the mid to long run.

And then comes gambling and there is nothing more riskier than to gamble with your money. You did just that and since gambling is easy and requires no knowledge does not that you will make easy money here too.

I hope now you understand what wrong you have done  with yourself and how will you prepare better for the future.

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.

We have many stories like this. First of all you lost in Future trading because you dependent on the signal group. Regarding this loss I will say that please learn some fundamentals and learn much as you can. And in future trading I will recommend that fist start with little amount and only invest 2 to 3% of your portfolio. And get some experience how the market is moving. If you will get some knowledge so you will get some profit. And never depend on anyone. Make your own analysis.

Secondly your loss in gambling. First I surprised when I saw that you won $100000 in 14 days. You were lucky at that time and You should have skipped. And I am also thinking how you have given you all winnings in just 3 minutes. This is a good experience by the way you should now leave the gambling. This will be good for you and for your health. If you are getting some profit from mining so you should continue this.
From winning $100000 more mining machines could be bought. So next time be careful. And never do gambling. This is a humble advice.

The combination of two ways to make money can bring distraction easily, you've learn your lesson, as a crypto miner you are free of losing your money, all you need is to monitor your farm and sell when the time is right, but futures is something different, it's full of risks and you need to learn a lot before starting to trade, it's easier to learn how to configure mining rigs but not like futures trading.

If you started this journey as a trader you would have messed up everything, maybe all the money you use to buy those Asic miners would have been wasted on gambling, it's highly possible, this is why I don't advice beginners to go for trading.

If you want peace of mind with crypto, buy Bitcoin with your spare money and hold it in a open source wallet, or even a hardware wallet, if you like mining its also a good way to accumulate Bitcoin, start mining and hold until BTC makes new all time high.

I can't understand why you don't believe me. I didn't create this to have fun. I was genuinely hurt by it. I'm sharing my experience to warn others not to trust casinos because they can be damaging. If I had a million dollars that day, I believe the casino would have taken it. I've shared some transaction IDs (TXIDs) from my wallet to the casino. Please check them out.

I'm really grateful for your support, buddy. You're absolutely right, I'm taking this as a valuable lesson. It's tough when you need $100 for everyday needs and there's nothing in your pocket. I'm still processing how I ended up betting such a large amount, but I'm determined to learn from this experience. Your advice means a lot to me. Thank you.

Why not true ?
Txid.   0xa602aa6ab5a8acf6d0d47c490d7c26b05c7b9f732fbfdafd35e9e610fb179125
Txid.   0xa387f42141f9632d36d4592b8eb6cf6e6a6a214a638ea3b9d276b184c57106f6
Txid.    0x6b0b0e4a6018d0cb3e50f2bc6692fbcf0e64ad553e974bc98c996be572941451


Still two transaction i made

This story of yours is the typical result for people that gain quick rich since you will be more greedy on entering more risky investments because you accumulate your money in an easy way.

It’s very hard to get over on this kind of lose but this lesson will surely gave you a valuable experience in the future to be more careful when you start earning again in a regular way. I’m almost gonna experience like this but I always manage securing my initial investment when in profit so that I can’t lose it all just like what happened to you. Bounce back stronger!

1.Maybe you should move this thread to the Gambling Discussion forum, since you are writing about crypto gambling. This forum is about discussions that are directly related to Bitcoin.
2.I find it hard to believe your story. Can you post some kind of proof? Transactions of the blockchain? Screenshots from casinos?
3.I guess that you have formed some kind of gambling addiction. Winning 100K via gambling makes you think that you could win 1M, which is totally delusional. The casino always wins at the end of the day and gambling is supposed to be for fun only. This is not a way to make money consistently or to become rich quick. Quit gambling ASAP. This isn't a healthy behavior.

Yeah I’ve been a miner also in the past and what you experienced basically happened to many miners in the past. Miners should just mine and nothing else.

Many tried to trade and they lost all their mined profits. And some even tried the crypto casinos and also lost it all on dice. It’s because mining doesn’t really pay as much as trading or gambling and why many get greedy and went up going bust.

It was a nice read, unfortunately, it had a sad ending. And yes it was a roller coaster ride, as a fellow gambler, I know how you feel when you win that big and thought that you can continue to win or at least manage your own capital. But lo and behold, just like most of the gamblers here, most of the time we lost control of ourselves, our decisions behind clouded and all we want is to get back what we lost initially and chase it.

So hopefully, this could be a very expensive lessons for you and to other gamblers as well. I know it's hard to control our emotions, but just imagine what you could have done with that money that you already won without any sweat.

Find a gamblers anonymous meeting .

http://www.gamblersanonymous.org/ga/

G.A. is what you need. not BTC

Everybody has his own story but the only difference is the lesson you have derived from them. You wasted a fortune on gambling that's the act, but the truth is that you cannot change your past. Put this failure behind you and face the future with much enthusiasm and not with regrets. Gambling is not a predictable activity which is why it is important not to trust a certain pattern. You won using a strategy doesn't guarantee that you will get theasme result in a few minutes.

In future avoid chasing losses and ensure you maximize such big wins. This fund could have been invested in something else like Bitcoin would have been profitable. I am also encouraging you to have a gambling plan with a budget. You wouldn't have gambled with all your wins if you had a budget that you followed strictly. In most cases, gambling addicts might not be aware that they are gambling irresponsibly until they lose heavily or start facing financial problems. There is always a need to evaluate how you spend your money so as to certain loopholes. A gambling plan is also another means of overcoming gambling disorder.    

They will improve quickly.  Take it as a lesson.  Not as a LOSS.  Accept this was your fate and step ahead.

Your first step toward the right path is this.  You acknowledged the loss.  You made a Bitcoin Talk account and you told your story listening to what we think.

Once you realize this was a LESSON instead of a LOSS you will understand the reasoning behind it and you will understand why it was important to you.  You could of worked for many years and earned 100 thousand the hard way then fall into a gambling addiction and lose it all.  You 'made' the money fast and lost it faster with little to no effort.  You are fine!

Dollar Cost Averaging is very simple.  Buy Bitcoin every now and then.  No matter how much.  Studies show even one coffee worth of Bitcoin invested a day for years has done wonders in the past.