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Topic: losing 50 bitcoins gambling - page 10. (Read 7934 times)

full member
Activity: 196
Merit: 122
October 25, 2017, 10:33:17 PM
How would you feel if you lost 50 btc after gambling... https://nitrogensports.eu/betslip/92ff9f2dmRCeSttM0U0a1dPZ0tTSDd4OW4vZz09/r/2744 What's the biggest loss you've taken before, and do you have any good coping strategies? I do wonder if it's better or not to express anger or to just try and ignore it as best as possible. Personally I just get angry and yell some swears, but curious how other people react when losing and any tips on coping.
Wow 50 bitcoin is huge amount of money and i do not think what i feel if i lose such amount, my biggest amount of bitcoin i lose in gambling is 0.06 and i feel so down and saying to myself that i do not do gambling again but i cant stop it and luckily i already recover my lost capital in dice game and now continuous earning using my strategy in gambling.
hero member
Activity: 1302
Merit: 540
October 25, 2017, 10:31:22 PM
I have seen a guy loosing 1000 bitcoins in just one bet on justdice and another guy loosing more than 300+ btc on pd. but at that time btc was much less than 200$. This guy is really crazy or too rich to afford that much of money.
I agree seeing someone to bet 50 bitcoin when the price is already on 6K$ I really cant comprehend what kind of reasong was that ?  maybe he was just crazy or making stories , Owning already a 50 worth of bitcoins make you already rich I Just cant understand why you need to be richer ? are you not contented in your life ?

Probalby they have hundred of thousand of Bitcoin so they do not mind losing 300 or 1000 bitcoins in one roll.  I can also do that if I have that amount of BTC Smiley.  That may sounds crazy but as i said if I have hundred of thousands of BTC that 1000 BTC is nothing but some dust. 

Wow you're such a rich man! With that amount of bitcoin I can surely secure my future as well as my family and have an extravagant life. Hope in time I can earn my target pieces of fortune like. I hope you good luck with your bitcoin sir.
for that amount of money from where am i its a healthy and financially established already and just losing it from gambling i guess it will be a failed in my whole life if things happen to me, maybe OP really have a lots of money and just using spare from what he got.
sr. member
Activity: 308
Merit: 250
October 25, 2017, 09:20:26 PM
I have seen a guy loosing 1000 bitcoins in just one bet on justdice and another guy loosing more than 300+ btc on pd. but at that time btc was much less than 200$. This guy is really crazy or too rich to afford that much of money.
I agree seeing someone to bet 50 bitcoin when the price is already on 6K$ I really cant comprehend what kind of reasong was that ?  maybe he was just crazy or making stories , Owning already a 50 worth of bitcoins make you already rich I Just cant understand why you need to be richer ? are you not contented in your life ?

Probalby they have hundred of thousand of Bitcoin so they do not mind losing 300 or 1000 bitcoins in one roll.  I can also do that if I have that amount of BTC Smiley.  That may sounds crazy but as i said if I have hundred of thousands of BTC that 1000 BTC is nothing but some dust. 
And they probably bought bitcoin at a cheaper price and at that time bitcoin is not that expensive so its okay to lose that amount of money they weren't inform that bitcoin price can come this far and all they can think about is to gamble.
hero member
Activity: 3010
Merit: 666
October 25, 2017, 05:06:29 PM
If you lose that much you should really stop gambling maybe when bitcoin was worth a dollar it would not have been so bad but now that is a crazy amount.
There are big bettors in sports betting and I believe they are called whales and they bet a big amount of money, maybe losing 50 BTC in just one game is only a regular bet to them so no worries for them but we worry a lot because we are just small time bettors. What the bet sip shows is only the losing bet and we don't know this person so it's still possible that he might have more winning bets than losing bets with similar amounts.
legendary
Activity: 3010
Merit: 1280
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October 25, 2017, 03:50:53 PM
I have seen a guy loosing 1000 bitcoins in just one bet on justdice and another guy loosing more than 300+ btc on pd. but at that time btc was much less than 200$. This guy is really crazy or too rich to afford that much of money.
I agree seeing someone to bet 50 bitcoin when the price is already on 6K$ I really cant comprehend what kind of reasong was that ?  maybe he was just crazy or making stories , Owning already a 50 worth of bitcoins make you already rich I Just cant understand why you need to be richer ? are you not contented in your life ?

Probalby they have hundred of thousand of Bitcoin so they do not mind losing 300 or 1000 bitcoins in one roll.  I can also do that if I have that amount of BTC Smiley.  That may sounds crazy but as i said if I have hundred of thousands of BTC that 1000 BTC is nothing but some dust. 
sr. member
Activity: 504
Merit: 251
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October 25, 2017, 02:04:02 PM
If you lose that much you should really stop gambling maybe when bitcoin was worth a dollar it would not have been so bad but now that is a crazy amount.
sr. member
Activity: 280
Merit: 250
October 25, 2017, 07:56:42 AM
I have seen a guy loosing 1000 bitcoins in just one bet on justdice and another guy loosing more than 300+ btc on pd. but at that time btc was much less than 200$. This guy is really crazy or too rich to afford that much of money.
I agree seeing someone to bet 50 bitcoin when the price is already on 6K$ I really cant comprehend what kind of reasong was that ?  maybe he was just crazy or making stories , Owning already a 50 worth of bitcoins make you already rich I Just cant understand why you need to be richer ? are you not contented in your life ?
hero member
Activity: 2912
Merit: 541
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October 25, 2017, 07:12:59 AM
I think it's lose to much, must control the budget before lose to much. I think lose until 0.005 BTC is ok.
If not set budget and control like that, will lose until 100 BTC. For my suggest that amount (50 bitcoins) better do invest.

yeah if we have more than 100 btc then losing 50 btc is not be a problem. but most of people which only have less than 5 btc have big dreams to win much of bitcoin from gambling but some of them is loss more than half from the total amount they have. and yes i am agree to use 50 btc for investment because at least we can see that our bitcoin can works properly and we can have additional income so this will be a good lesson to us to prevent this so we can control our emotion.
legendary
Activity: 1176
Merit: 1024
October 25, 2017, 06:52:10 AM
Those guys just throwing away their money. I don't know if they were rich or just a stupid guy who would like to make trending topic with those silly action. You shouldn't follow that strategy and don't even think to make big money through gambling.
maybe that person was rich and also stupid guy who willing to spend a lot of bitcoin to satisfy his hobby in gambling and i think this guy never thinking the risky for losing his money although it was happened last year when bitcoin price not really high just like this year but 50 btc still very big amount if only to spend for gambling
You really took it personal even more than someone who could have lost that amount of money. I really do not know why anyone would ever gamble with such huge amount of money when they are not a wicklehead.

Gambling is a huge risk like you have said, and it would take an unwise person to do something that huge. Even though the OP stated this in 2016 and even as at then, 50 BTC was not really that small, but for someone who is wise and can see the value this can be in future, it is just a careless decision to make and end up losing all ? I do not want to even think about it.
hero member
Activity: 1092
Merit: 523
October 25, 2017, 01:10:35 AM
When he losses 5 btc.he should have realize that luck wasnt on him.and stopped right away.why waited for 50btc .its a big loss that can change life for good.if he only valued the BtC as fiat

People who are addicted cannot realize this that they are losing it and should stop. They think that they can easily make money from gambling and will become millionaire. In this hunt they end up losing a huge amount of money which is sad to hear.

The addicted gamblers intention is not to become a milliner, they play to win more games, and they want to show others that they are experts in gambling. If they really care for money, then they will not lose money like this am I right.
That is so right. There is not every gambler who is playing for money and then lose and then leave it. No, some are here to please themselves, some are here to make it as a hobby, some are here to just get their status upgraded every time. And this is the one you are talking about. They don’t think of money, not in that sense, but to make them experts before other gamblers.
hero member
Activity: 980
Merit: 509
October 24, 2017, 10:32:44 PM
I think it's lose to much, must control the budget before lose to much. I think lose until 0.005 BTC is ok.
If not set budget and control like that, will lose until 100 BTC. For my suggest that amount (50 bitcoins) better do invest.
full member
Activity: 686
Merit: 104
October 24, 2017, 09:02:37 PM
How would you feel if you lost 50 btc after gambling... https://nitrogensports.eu/betslip/92ff9f2dmRCeSttM0U0a1dPZ0tTSDd4OW4vZz09/r/2744 What's the biggest loss you've taken before, and do you have any good coping strategies? I do wonder if it's better or not to express anger or to just try and ignore it as best as possible. Personally I just get angry and yell some swears, but curious how other people react when losing and any tips on coping.
It was a nightmare. I should've stopped gambling when I've lost 0.05 BTC. Is better invested than gambling.
legendary
Activity: 1470
Merit: 1002
October 24, 2017, 08:57:12 PM
When he losses 5 btc.he should have realize that luck wasnt on him.and stopped right away.why waited for 50btc .its a big loss that can change life for good.if he only valued the BtC as fiat

There is never a good gauge whether 5btc or 50btc or even 0.5btc is the relection point. It is all about mentality. If he is too obsessed by chasing the lost, it is just a matter of time that he will lose it all.
sr. member
Activity: 420
Merit: 282
October 24, 2017, 08:41:49 PM
How would you feel if you lost 50 btc after gambling... https://nitrogensports.eu/betslip/92ff9f2dmRCeSttM0U0a1dPZ0tTSDd4OW4vZz09/r/2744 What's the biggest loss you've taken before, and do you have any good coping strategies? I do wonder if it's better or not to express anger or to just try and ignore it as best as possible. Personally I just get angry and yell some swears, but curious how other people react when losing and any tips on coping.

In the event that I lost 50 bitcoins in a gamble, then I would inevitably be depressed and reflect on my actions as an individual with priorities. That is primarily the reason why gambling has the potential in destroying your life when it comes to decision making. It creates this endless illusion of you betting and betting again regardless of your winnings or losings. Gambling can never be profitable in the long-run and that link is the living example of it especially when YOU DO NOT KNOW WHEN AND HOW TO STOP gambling.
Can you imagine losing something close to 300k dollars in a few hours? I will be devastated, that amount of money is enough in my country to buy several properties, and if you hold for a long time and the price of bitcoin becomes higher that could be enough to retire and never have to work again.

Only rich people can gamble so much money like that in few hours and if it's a rich person there is much more money besides the 50 BTCs lost on gambling game. So I think this person wouldn't become mad about it... Probably this person would recover the 50 BTCs really fast with investments or income from any kind of rentable business. We think this is extreme because we don't have much money on our pockets like these big gamblers.  Cheesy
But how rich you need to be to be able to lose 50BTC and not regret even if someone had like 1000BTC losing 50 BTC is still 5% of your whole net worth and that is always going to hurt no matter who you are, so unless that person is a whale then he felt that loss.
Yes, but what if he had 100000 bitcoins? Then 50 is meaningless to him even though it is lots of money, and when you see whale gambling with large amount of money(recently i saw 70 btc or something like that in single bet) it can only mean that they are sitting on bags full of bitcoins.
And to be honest that is nothing compared to Laszlo's 10000 bitcoin worth pizza.
But even if someone is siting in that many coins you cannot sustain a gambling habit like that, if what you said is true then it is impossible for this person to keep holding his original stash of bitcoin at some point even bets of that size are going to begin to hit the size of his bankroll.
Even you have thousands of bitcoins and if you betting style would retain on that size then those small amounts will pile up until it would become big and you will be shocked later on that you are losing too much big amount and end up on regretting.If you do have millions of bitcoin then it is still not fine to waste up your money on those kind big bets if we do equate it on the recent price of bitcoin.
Correct a person having that many coins could just create his own casino an play there for free, or buy any luxury imaginable and have a lot more fun than the fun you are going to get in gambling and at the same time I do not know how could someone get fun while losing that amount of money.
Games was create for fun of some people but because of greediness to win high amount they were bet higher amount and because of losing many of them were want to get back their capital in the games. However instead of taking back the capital they were lost a lot so the tendency to play and play the game until it turns to addiction of the player. If the player make it's hobbies it will turns to gambling.
hero member
Activity: 2884
Merit: 794
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October 24, 2017, 04:31:28 PM
How would you feel if you lost 50 btc after gambling... https://nitrogensports.eu/betslip/92ff9f2dmRCeSttM0U0a1dPZ0tTSDd4OW4vZz09/r/2744 What's the biggest loss you've taken before, and do you have any good coping strategies? I do wonder if it's better or not to express anger or to just try and ignore it as best as possible. Personally I just get angry and yell some swears, but curious how other people react when losing and any tips on coping.

In the event that I lost 50 bitcoins in a gamble, then I would inevitably be depressed and reflect on my actions as an individual with priorities. That is primarily the reason why gambling has the potential in destroying your life when it comes to decision making. It creates this endless illusion of you betting and betting again regardless of your winnings or losings. Gambling can never be profitable in the long-run and that link is the living example of it especially when YOU DO NOT KNOW WHEN AND HOW TO STOP gambling.
Can you imagine losing something close to 300k dollars in a few hours? I will be devastated, that amount of money is enough in my country to buy several properties, and if you hold for a long time and the price of bitcoin becomes higher that could be enough to retire and never have to work again.

Only rich people can gamble so much money like that in few hours and if it's a rich person there is much more money besides the 50 BTCs lost on gambling game. So I think this person wouldn't become mad about it... Probably this person would recover the 50 BTCs really fast with investments or income from any kind of rentable business. We think this is extreme because we don't have much money on our pockets like these big gamblers.  Cheesy
But how rich you need to be to be able to lose 50BTC and not regret even if someone had like 1000BTC losing 50 BTC is still 5% of your whole net worth and that is always going to hurt no matter who you are, so unless that person is a whale then he felt that loss.
Yes, but what if he had 100000 bitcoins? Then 50 is meaningless to him even though it is lots of money, and when you see whale gambling with large amount of money(recently i saw 70 btc or something like that in single bet) it can only mean that they are sitting on bags full of bitcoins.
And to be honest that is nothing compared to Laszlo's 10000 bitcoin worth pizza.
But even if someone is siting in that many coins you cannot sustain a gambling habit like that, if what you said is true then it is impossible for this person to keep holding his original stash of bitcoin at some point even bets of that size are going to begin to hit the size of his bankroll.
Even you have thousands of bitcoins and if you betting style would retain on that size then those small amounts will pile up until it would become big and you will be shocked later on that you are losing too much big amount and end up on regretting.If you do have millions of bitcoin then it is still not fine to waste up your money on those kind big bets if we do equate it on the recent price of bitcoin.
Correct a person having that many coins could just create his own casino an play there for free, or buy any luxury imaginable and have a lot more fun than the fun you are going to get in gambling and at the same time I do not know how could someone get fun while losing that amount of money.
sr. member
Activity: 2506
Merit: 368
October 24, 2017, 02:09:16 PM
So true, that's one of the problem with gamblers when the greediness strikes you wouldn't care about how much you will lose. I still can't believe he just wasted that huge amount of bitcoin, we should have self control and discipline in gambling because it tends to be very addicting.
It is a real gamble to wage a bet of fifty bitcoin in a single bet and he was really unlucky to have lost it because it was a real upset and i never expected the opponent to win the game,there are many gamblers who wage a huge amount of money because these high rollers might have earned a huge amount of coins when the mining difficulty was low or is a miner.
Betting with that huge amount is like a suicide mission without thinking of what if. The OP must have lost his self control and maybe it urges him to bet at that amount thinking that he could have win it with just a one shot. But things always go right as what you have been planning, he should have a back up plan when things gets worst. Making a move without thinking will lead you to your defeat, that's why we must always think carefully when doing something that is very crucial specially with our financial needs.
sr. member
Activity: 350
Merit: 250
October 24, 2017, 10:14:38 AM
So true, that's one of the problem with gamblers when the greediness strikes you wouldn't care about how much you will lose. I still can't believe he just wasted that huge amount of bitcoin, we should have self control and discipline in gambling because it tends to be very addicting.
It is a real gamble to wage a bet of fifty bitcoin in a single bet and he was really unlucky to have lost it because it was a real upset and i never expected the opponent to win the game,there are many gamblers who wage a huge amount of money because these high rollers might have earned a huge amount of coins when the mining difficulty was low or is a miner.
legendary
Activity: 1302
Merit: 1037
October 24, 2017, 09:03:30 AM
That is so much to lose. I think its time to stop. You played you lost you learnt your lesson. Gambling is not for you so you must accept that and move on before losing even more. Maybe you have an addiction problem and must get help. I feel bad for you but you did it to yourself. Its not the end if the world. Work hard and make the money back. If you dohabe to gamble again please use limits so this doesn't happen again.
That’s a grand loss and you should indeed accept this fact as soon as possible that gambling is not suitable for you. there are many other ways of making money and you need not try gambling again in order to win recover your loss because that is not possible at all now. Try to go on vacations for getting out of this depression of losing such a big amount of money. Stay calm and positive!
sr. member
Activity: 644
Merit: 259
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October 24, 2017, 02:02:44 AM
When he losses 5 btc.he should have realize that luck wasnt on him.and stopped right away.why waited for 50btc .its a big loss that can change life for good.if he only valued the BtC as fiat

So true, that's one of the problem with gamblers when the greediness strikes you wouldn't care about how much you will lose. I still can't believe he just wasted that huge amount of bitcoin, we should have self control and discipline in gambling because it tends to be very addicting.

Losing such amount is really depressing and if im in his shoes i think it would be hard to find ways for coping up.

Addiction and greediness are the reasons why that gambler risk the amount that can contribute so much in reality and in just a blink its all gone in his hands.

Whatever his status is to afford 50 btc, still its not good to spend too much in gambling because it can ruin lives.


It behooves me that why would one continue to bet when they are losing for such a long streak at all, When i am gambling and i lose three times in a row, i just withdraw from the game the same goes when i win three times in a row.
legendary
Activity: 1904
Merit: 1000
October 24, 2017, 02:01:15 AM
When he losses 5 btc.he should have realize that luck wasnt on him.and stopped right away.why waited for 50btc .its a big loss that can change life for good.if he only valued the BtC as fiat

So true, that's one of the problem with gamblers when the greediness strikes you wouldn't care about how much you will lose. I still can't believe he just wasted that huge amount of bitcoin, we should have self control and discipline in gambling because it tends to be very addicting.

When someone already lost a relatively huge amount of money, self control will be hard to maintain. Lose control because of the need to chase his previous lost will take over his mind and mostly will lead to another dissaster. It is better not to play with 'fire'. Never play with the money that can ruin our mind if lost it.
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