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Topic: Gambled away my tuition bitcoins - page 2. (Read 4330 times)

hero member
Activity: 518
Merit: 500
February 02, 2014, 06:30:51 AM
#53
Aaand I lost the rest of it. - 7.7 bitcoins. I literally have no self-control. At least I don't have anything else to gamble with...

You really need some help:

www.gamblersanonymous.org

Might be a good place to start.
sr. member
Activity: 280
Merit: 250
Knowledge is Power
February 02, 2014, 04:28:51 AM
#52
Aaand I lost the rest of it. - 7.7 bitcoins. I literally have no self-control. At least I don't have anything else to gamble with...
hero member
Activity: 518
Merit: 500
January 31, 2014, 02:23:24 AM
#51
Some of my buddies in college would take their student loan money and play blackjack at the Indian Casinos.  That never worked out well for them either...

Shame they didn't learn how to count cards first Smiley Unless that doesn't work anymore. I'm not up to date on the latest "how to get an edge on casinos" playbook.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
January 30, 2014, 03:21:37 PM
#50
Some of my buddies in college would take their student loan money and play blackjack at the Indian Casinos.  That never worked out well for them either...
hero member
Activity: 602
Merit: 500
January 30, 2014, 12:54:21 PM
#49
Sorry for your loss, you learned the hard way. Don't worry about it it's just money.

Although he has lost a lot of money and will not be able to pay his bills now.
sr. member
Activity: 462
Merit: 251
January 30, 2014, 12:05:59 PM
#48
Sorry for your loss, you learned the hard way. Don't worry about it it's just money.
hero member
Activity: 518
Merit: 500
January 30, 2014, 07:47:31 AM
#47
Oh well, too bad. I wish I could learn from other people's mistakes, not my own.

You have learnt. You have learnt you can't control your gambling habits. A very valuable lesson, unless you just pretend it never happened, in which case it will very likely re-occur in your future.
newbie
Activity: 55
Merit: 0
January 30, 2014, 06:32:28 AM
#45
Oh well, too bad. I wish I could learn from other people's mistakes, not my own.
hero member
Activity: 518
Merit: 500
January 30, 2014, 12:28:33 AM
#44
You shouldn't gamble at all if you don't want to lose it's almost set in stone that you will lose eventually.

But people still do ..... lose, then come back for me, "to get the money back". Sad
hero member
Activity: 826
Merit: 1000
January 29, 2014, 06:11:49 PM
#43
The most I ever lost was £3 gambling my dinner money at school. Went hungry all day. Feltbadman.

Now you know how it feels to lose almost everything.

Its that feeling where you never want to feel again.
hero member
Activity: 840
Merit: 509
January 29, 2014, 04:02:17 PM
#42
The most I ever lost was £3 gambling my dinner money at school. Went hungry all day. Feltbadman.
sr. member
Activity: 406
Merit: 250
January 29, 2014, 04:00:54 PM
#41
Only make bets that you know you can win...

For example:

If someone said "I bet you 100BTC that Peyton Manning will be the Suberbowl MVP on Sunday", then you take it as long as these conditions apply:

1) you own a high quality rifle
2) can get a good enough vantage point to take him out when he gets off the bus (pre-game)
3) you are okay with killing the face of Papa John's Pizza

Bonus:  You could probably extort Pete Carroll for extra money if you can somehow pin this on the Seahawks organization.

Summation:  Don't fucking gamble unless you are okay with losing everything you own and/or killing Peyton Manning.
sr. member
Activity: 280
Merit: 250
January 29, 2014, 03:52:26 PM
#40
You shouldn't gamble at all if you don't want to lose it's almost set in stone that you will lose eventually.

Well, with the performance of most of these casinos lately...eventually isn't far off at all.
hero member
Activity: 602
Merit: 500
January 29, 2014, 03:19:33 PM
#39
You shouldn't gamble at all if you don't want to lose it's almost set in stone that you will lose eventually.
hero member
Activity: 826
Merit: 1000
January 29, 2014, 02:22:34 PM
#38
Don't gamble what you can't afford to lose.

The only important advice. Stick with this and you`ll be fine.

So for me, I cant afford to lose anything so I use all the free btcs I earned instead.

Also if you think $4,000 is little money. Your a bit off in reality, break down the #`s of hours you have work for that money.
legendary
Activity: 4690
Merit: 1276
January 29, 2014, 01:10:04 PM
#37

As for what I'm studying - Im double majoring in geography and history at UBC, currently in third year. I've got a busy semester with 6 classes but I'm gonna try to work part time, I actually have a nice "backup" job as an apprentice electrician which pays okay considering the physical labor involved.

If you've got any more electives left, and a semester which is a bit light, may I recommend some more training in probability-n-statistics?

I know, I know.  You already have an academic adviser.  Just trying to be helpful Wink

sr. member
Activity: 280
Merit: 250
Knowledge is Power
January 29, 2014, 12:29:35 PM
#36
I really think converting all your fiat into Bitcoin was a bad idea for you. You say you never gambled before this which indicates that you had hesitations about gambling your dollars away. But the thing is when all those those thousands were converted into bitcoins, numerically they looked much less innocent; 6 btc as opposed to $4,800 dollars. There is a psychological phenomenon behind this. You don't really think of bitcoins as money anymore and it's much easier to gamble with btc than it is with USD online.

Those are the really dangerous factors that can snag people into a gambling addiction if they aren't careful. The kind of people who would never consider even betting $20 are fine when that $20 is only 0.024 btc. I'm guilty of this myself and have lost a bit of coin just because bitcoin was so easy to gamble with.

That's a good point its exactly how I felt. But at the same time I spent months learning and reading about bitcoin so it hurts to throw that all away. I actually bought in at about 450 per btc.

As for what I'm studying - Im double majoring in geography and history at UBC, currently in third year. I've got a busy semester with 6 classes but I'm gonna try to work part time, I actually have a nice "backup" job as an apprentice electrician which pays okay, only problem is I have class 5 days a week so I can only work a couple of hours and only on some days.
full member
Activity: 168
Merit: 100
January 29, 2014, 09:46:28 AM
#35
Get a part time minimum wage job preferably a really crappy one like flipping burgers.  The 600+ hours you will need to work will provide some negative reinforcement which should last the rest of your life.

(Before someone complains about being an ass, I worked crappy jobs through college, it sucked but it didn't kill me and it won't kill the OP either). 

This is probably the best advice. Unless you can get a job that pays better, do exactly this. Not only will it make you appreciate customer service more if you work in retail (you'll become nicer to service people for sure) but it's a good way to be social as well. I made so many friends working retail during college... It eventually became a fun way to be social and make money off of it at the same time.

And then, I graduated college with zero debt and a very nice savings account.

Results may vary, though.
hero member
Activity: 518
Merit: 500
January 29, 2014, 09:14:23 AM
#34
Congrats on trying to win big, and for taking the kinds of risk most people here clearly don't have the balls to do. If you have a small amount left I would play it again and try to get more of your money back. Just consider that 4g's gone and maybe your luck will change.

I probably wouldn't do it again though. At least now you know better and it's just money at the end of the day

There's the worst possible advice. Please ignore it. You don't need "balls" to gamble, just like you don't need "balls" to become an alcoholic. Get some help. Your luck will not change. That's the addict talking.

Yeah, this is what makes an addict when they attempt to win back the money they've lost. Gambling is dangerous because whatever happens it's hard to quit. Even if you win big you're likely to try win even more.

I never thought gambling was an "addiction" until I saw my buddy do this.  We all played pull tabs or keno at the pubs.  He started hitting the Casino. It got to the point where he had pulled out so many cash advances that he was broke the moment he got paid.  He then started borrowing money from other sources.

He was like a drug addict looking for his next high, I never knew that was possible when it came to money.  

Then again, people spend tonnes of money on facebook credits to beat a Candy Crush level.

Dude. I was married to a gambling addict for 7 years (didn't know for first 6). She sold the house, the car, the land, about 10 phones, her kids computers ..... I don't understand it either, but I guess we all have different buttons to be pushed. Worse than drug addicts in many ways. Can destroy a family in a weekend Sad

Like any addictions or mental health issues it's hard to understand if you've not experienced them. It's not just as easy as saying "just stop" but only your own self-determination and willpower can overcome them.

Yep, definitely a mental health issue. and she didn't have any. As you say, like any addiction, you can't just stay "stop", it doesn't work like that. I agree self-determination and willpower are important, but so is a support network. Thats why AA-type programs tend to work better than "curing yourself". We all need support when our buttons are pushed.
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