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Topic: Gambled away my tuition bitcoins - page 4. (Read 4330 times)

hero member
Activity: 868
Merit: 1000
January 29, 2014, 12:08:24 AM
#13
You are doing it wrong!
Always play on *2.1 or higher payout and always double the bet if you lose!

lol, another winning "strategy"  Wink
legendary
Activity: 4690
Merit: 1276
January 29, 2014, 12:05:00 AM
#12

Here's an idea:  Take a year off and get a job.  If you make sure to wear a raincoat you'll have a chance to get back in and finish it up if you want.

sr. member
Activity: 280
Merit: 250
Knowledge is Power
January 29, 2014, 12:04:42 AM
#11
Yeah you guys are absolutely right. I googled some horror stories of people losing everything to gambling...I got off easy.

You are doing it wrong!
Always play on *2.1 or higher payout and always double the bet if you lose!

lol
sr. member
Activity: 280
Merit: 250
January 28, 2014, 11:57:34 PM
#10
You are doing it wrong!
Always play on *2.1 or higher payout and always double the bet if you lose!

PLEASE IGNORE!!!
sr. member
Activity: 280
Merit: 250
January 28, 2014, 11:57:04 PM
#9
Am I seeing a pattern here?

I gamble... with hopes of winning (of course), but with realistic expectations that I might not win. But recently there's been a number of posts relating to a particular type of gambling - dice. I've tried it a few times, totally not my thing. I guess I'm wondering if dice is a different kind of beast?  

OP, it's happened to most if not all of us who engage in risky behavior such as this. This is definitely a life lesson for you... an experience/wise words you'd be able to offer to your children one day and perhaps deter them from a similar fate.

And you're in school anyways... how is sleep even an option for you! Tongue  jk
hero member
Activity: 714
Merit: 503
January 28, 2014, 11:55:58 PM
#8
Learn not to gamble OP. $4800 is a cheap lesson if you remember it for the rest of your life.

This is a very good point.  My buddy ended up losing his condo. His g/f left him, and ended up with custody of the kids.

If you think you might have a gambling addiction, go and talk to someone. It's a slippery slope that can spiral out of control really fast.
legendary
Activity: 1232
Merit: 1002
January 28, 2014, 11:50:02 PM
#7
You are doing it wrong!
Always play on *2.1 or higher payout and always double the bet if you lose!
sr. member
Activity: 364
Merit: 250
January 28, 2014, 11:48:15 PM
#6
Chalk it up as a good life lesson.  

Gambling should be thought as something you do for fun and entertainment.... just like you wouldn't spend your life savings on dinner and a movie or a night of entertainment at the club , don't spend money you can't lose on the entertainment that is gambling.

You're young enough that it's not that big of a problem, might not feel like it to you right now but it's really not "that bad".  At least youre not older with a morgage, a wife, and kids , etc etc.
hero member
Activity: 680
Merit: 500
January 28, 2014, 11:47:53 PM
#5
Learn not to gamble OP. $4800 is a cheap lesson if you remember it for the rest of your life.
donator
Activity: 1218
Merit: 1079
Gerald Davis
January 28, 2014, 11:42:41 PM
#4
Gambling is bad, gambling with money you can't afford to lose is worse.

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). 
member
Activity: 70
Merit: 10
January 28, 2014, 11:40:59 PM
#3
we all make mistakes. Unfortunately this mistake is hard to recover. Just learn from your actions and move on. Dont beat your self up and forgive yourself.
member
Activity: 112
Merit: 10
January 28, 2014, 11:38:49 PM
#2
*sigh* just as I've withdrawn my invest.

Well, that was stupid, but at least it will teach you something about gambling (namely: don't do it).
sr. member
Activity: 280
Merit: 250
Knowledge is Power
January 28, 2014, 11:36:27 PM
#1
I feel like a fool right now and I really need to just talk about this. This isn't an attempt solicit donations.

I didn't lose a ridiculous amount of money. In fact, I *only* lost about 7.7 bitcoins, which would currently equate to about 6000 dollars. But the problem is that as a full-time university student, this was 90% of my savings. And since student loans don't cover the full cost of my expenses, I don't have any money after this semester.

I was never a gambler. I've never gone to a casino. I've never played poker. Hell, I never even bought a lottery ticket. But for some reason when I saw a post about a website called just-dice.com, where you can bet bitcoins on a dice game, I was immediately hooked. I created a plan for myself - I said that I would play careful and control my bets. I would withdraw BTC after winning 50% of my initial deposit. Everything was going rather smoothly; although I went down a few times, I ended up hitting 9.5 bitcoins yesterday.

But then I couldn't control myself and thought that I could keep going, even in face of mathematical logic. I lost 1.5 bitcoins. Then I deposted two more. I lost those too. Then again the same. Until I saw all my money vanish and I realized the horror of what I had done. In case anyone is curious, here is the image of my loss (-7.7btc).

http://i.imgur.com/RjPodBl.jpg

I didn't sleep last night and all I could think about during class today was how much of a loser and moron I am. I just hate myself for throwing away my own hard-earned money.

edit: updated to final lost value of money from 5.7 to 7.7 I'm a broke ass fool.

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