I am someone in my 20s who got into cryptocurrency early. Thankfully, I do still have about $1.5 million in crypto and other investments, but losing 350k and 20% of your net wealth in the span of an hour is just... devastating to me. How did I end up risking $350k for a $18k loss?!
That is the magical world of gambling, if you feel the taste of winning in the beginning you will feel like recovering any losses and you end losing more, you made a big mistake and glad to hear that you never gambled with your entire savings and still you went for more to cover your losses, but luck was on your side and you exited without much damage further and hopefully you wont experiment further and since you are not online here for some time, hope everything is fine.
Topic: Lost $350k / 54 BTC gambling, need help :( (Read 16195 times)
I would suggest you not to think of earning that money back from gambling because there would be a bigger chance for your loss to double. The best thing to do is to let go although it would hurt you so much. Move on and do not make this scenario influence your next actions because what's more likely to happen is that you will be frustrated to have the win. But since gambling is the game of luck, no one can manipulate the winning percentage. Just use this as a lesson not to gamble that much. Believe it or not, I too have lost huge amount of money before.I do still gamble at this moment, but somehow, I manage to not lose that much again. How did I recover? I just avoid thinking of what happened. I am now just gambling for fun , without the assumption of winning. That is what gambling really is, an activity to kill time and for entertainment. People should stop having a mentality of being rich through gambling because such thing is really impossible.
It's really easy to answer you: you need help.
Don't try to manage that yourself, don't try anything. Take another 500$, go see someone and register to supporting group.
When you lose 350k$ gambling, you're either a billionnaire, or you need help.
That's all, period. Don't think too much just go look for help.
Don't try to manage that yourself, don't try anything. Take another 500$, go see someone and register to supporting group.
When you lose 350k$ gambling, you're either a billionnaire, or you need help.
That's all, period. Don't think too much just go look for help.
Nothing that can I say to you can make you feel less sad but there are people who have lost more than that, they have lost everything including their house , job , family and unfortunately they ended up in suicide.
You should look the brighter side of things, you only lose bitcoins , virtual money and you still have a life and a house to live. Life goes on and please seek professional help. Lastly stop gambling.
You should look the brighter side of things, you only lose bitcoins , virtual money and you still have a life and a house to live. Life goes on and please seek professional help. Lastly stop gambling.
This is terrible, but in the end, this is only your fault, no one forced you to gamble almost a million dollars
You are crazy man, and you really need to recover from this, do not ever try to gamble again, because it is just pure adiction in where you can not leave easily.
You are crazy man, and you really need to recover from this, do not ever try to gamble again, because it is just pure adiction in where you can not leave easily.
Gambling is such a thing that even a rationale person become crazy about money and the result is before us. That is the reason people recommend that do not go behind money while gambling just play for fun and to entertain yourself had this being case with OP, surely would not have lost such amount.
Did they check your identity prior to accepting your huge amounts of Bitcoins?
OP, please answer that question, it is vital.
But it was easy to see bitcoins as “not money” and that you’re just playing a game... with real money, and real life consequences.
This stands out to me. It's the same as using credit or debit cards on gambling sites to an extent. If gambling sites insisted on you posting cash to them I wonder how many more people would think twice before depositing anything.
At least it was only a proportion of your net worth, albeit a fairly large one. Life will go on and hopefully something will be learnt from it.
This is terrible, but in the end, this is only your fault, no one forced you to gamble almost a million dollars
You are crazy man, and you really need to recover from this, do not ever try to gamble again, because it is just pure adiction in where you can not leave easily.
You are crazy man, and you really need to recover from this, do not ever try to gamble again, because it is just pure adiction in where you can not leave easily.
Did they check your identity prior to accepting your huge amounts of Bitcoins?
Are there still people believing on this kind of shitty threads that are not giving out real information to the entire forum in here? I still don't understand it.
Even if it is true, how could you be so dumb to risk it all? There is no point in being gambling for almost a 1/2 of a MILLION dollars...
Too funny to be true
Even if it is true, how could you be so dumb to risk it all? There is no point in being gambling for almost a 1/2 of a MILLION dollars...
Too funny to be true
Of course you would get upset in that amount of loss. It's not that you have a lot of money at your disposal but the value of saving it all is what's painful. You gamble for leisure but keep it in mind that lossing is inevitable. You still got a lot left so do not get upset too much and just relax and give it break.
I guess for someone in his shoes, he should have realized already that gambling is not something you should be paying much attention to and it is never too late at all to making amends rather than trying to recover losses. The mistakes a lot of people make is to be placing some wish on themselves on the aspect of trying to chase what they have lost and possibly gain it back, but in reality, this is something that have always ended up making people get burned in the long run.This is a clear example of that, and my best advice would be for the OP to just accept the fact that he has lost, he has screwed up and he should look for better productive things to do to get better and discard gambling in the long run. It will take some determination though.
Don't ever try to go all in. There's a big chance that you're going to make things even worst and that's a total upset that could lead you to depression if you can't handle your emotion well. Enough with that lost man, that's too big. You should know when to accept defeat.
The easiest way to get screwed in gambling is to get greedy and such situations like this is when I consider people to really be getting greedy and for those reasons they always get burned eventually.Losing 54btc in gambling is huge and I wonder why people tend to go through that length in the name of wanting to increase their funds, when they could just learn how to trade, and even with just 2btc of trading fund, that can be multiplied in the long run, but the thing here is that people's greed and not being smart are always the cause of their own downfall.
The most important part for an addict is to realize you're addicted and ask for help. You did that OP, that's why I can assure you that you're on the right path. If I were you and read all the positive comments in this thread I'd be relieved. People are really compassionate here and giving a lot of good advice.
I want to add that although your loss was significant you still have some money left (a lot of money for my standards) and you have many years ahead of you to make more. Don't waste time being sad and dwelling on the loss, move on!
I want to add that although your loss was significant you still have some money left (a lot of money for my standards) and you have many years ahead of you to make more. Don't waste time being sad and dwelling on the loss, move on!
This might make you feel better. The professional golfer, John Daly, has lost over $50 million gambling throughout his career. Doesn't this amount make your loss look very small.
No matter how bad our losses are we can always find ways to make more money. Our situations are never permanent so that is something to be optimistic about.
No matter how bad our losses are we can always find ways to make more money. Our situations are never permanent so that is something to be optimistic about.
Yes, I am Mannton456, I’m going to post it on the crypto-Games chat to prove it’s me. This is my story of loss.
I’ve always had a inclination for making reckless decisions. While I don’t gamble on a regular basis and prided myself on making sensible decisions, like investing in the bankroll of a bitcoin casino (to benefit from +EV), one day I decided to gamble with 3 BTC.
I won some bitcoins, and called it a day. The next day, I was bored and decided to give it another go. Lost everything. Now I don’t like losing, so my only strategy was to deposit almost 10x the amount - 20 BTC, and try to win it back again. I did and managed to turn it to 30 BTC. My heart was shaking and the adrenaline I had was incredible. I reinvested it in the site, and went to bed happy.
Unfortunately, the next day I decided to just do one bet of the entire balance, at 97% odds. I lost. Shit. I was operating in automatic mode and deposited a further 50 BTC, and tried to bet again. Lost again. I felt like ending my life.
I did something even more stupid and deposited another 70 BTC, almost the last remaining bitcoins I’ve had. Thankfully I was able to win back 30 BTC before I stopped and withdrew; putting my net loss at -54 bitcoins.
This is worth $350k USD. I am at a loss. I don’t think I will ever gamble again, but this is such an expensive lesson for me. I could’ve bought a house or apartment for that money. I could’ve bought 7 Tesla’s!
It’s also the first time I’ve lost anything more than $20 gambling. I don’t gamble a lot, and when I do it’s always with small amounts. But it was easy to see bitcoins as “not money” and that you’re just playing a game... with real money, and real life consequences.
I am someone in my 20s who got into cryptocurrency early. Thankfully, I do still have about $1.5 million in crypto and other investments, but losing 350k and 20% of your net wealth in the span of an hour is just... devastating to me. How did I end up risking $350k for a $18k loss?!
I’m having thoughts of going “all in” and trying to win it back. I know it’s a bad idea, a real bad one, but I’m someone who likes going big or going home.
I don’t know what to do at this point. I know I will survive, at least I’m not in debt, but fuck, I’m upset. I’m really depressed, and thoughts of killing myself have floated my mind.
I’ve always had a inclination for making reckless decisions. While I don’t gamble on a regular basis and prided myself on making sensible decisions, like investing in the bankroll of a bitcoin casino (to benefit from +EV), one day I decided to gamble with 3 BTC.
I won some bitcoins, and called it a day. The next day, I was bored and decided to give it another go. Lost everything. Now I don’t like losing, so my only strategy was to deposit almost 10x the amount - 20 BTC, and try to win it back again. I did and managed to turn it to 30 BTC. My heart was shaking and the adrenaline I had was incredible. I reinvested it in the site, and went to bed happy.
Unfortunately, the next day I decided to just do one bet of the entire balance, at 97% odds. I lost. Shit. I was operating in automatic mode and deposited a further 50 BTC, and tried to bet again. Lost again. I felt like ending my life.
I did something even more stupid and deposited another 70 BTC, almost the last remaining bitcoins I’ve had. Thankfully I was able to win back 30 BTC before I stopped and withdrew; putting my net loss at -54 bitcoins.
This is worth $350k USD. I am at a loss. I don’t think I will ever gamble again, but this is such an expensive lesson for me. I could’ve bought a house or apartment for that money. I could’ve bought 7 Tesla’s!
It’s also the first time I’ve lost anything more than $20 gambling. I don’t gamble a lot, and when I do it’s always with small amounts. But it was easy to see bitcoins as “not money” and that you’re just playing a game... with real money, and real life consequences.
I am someone in my 20s who got into cryptocurrency early. Thankfully, I do still have about $1.5 million in crypto and other investments, but losing 350k and 20% of your net wealth in the span of an hour is just... devastating to me. How did I end up risking $350k for a $18k loss?!
I’m having thoughts of going “all in” and trying to win it back. I know it’s a bad idea, a real bad one, but I’m someone who likes going big or going home.
I don’t know what to do at this point. I know I will survive, at least I’m not in debt, but fuck, I’m upset. I’m really depressed, and thoughts of killing myself have floated my mind.
My daughter lost $18000 and that's the only thing have expecting to become a millionaire because of expectations that bitcoin will go back to$20000.But now its a very low value..Any way gambling is to bet if you gonna win or lose.
Hmm. At this point, I am even happy you were even able to come to terms in the first instance and realize that you need help. You really just have to sit back and try a lot to caution yourself or find some things you can get to do to limit your gambling activities.
It is not the end of the world, I have heard stories even more complicated than yours and people were still able to get out of it, all it just takes is the determination to want to do things right, and the first step which is accepting the reality of the position you are in at the moment, is a good start, and making step to quench that urge is the next step.
It is not the end of the world, I have heard stories even more complicated than yours and people were still able to get out of it, all it just takes is the determination to want to do things right, and the first step which is accepting the reality of the position you are in at the moment, is a good start, and making step to quench that urge is the next step.
Yes, I am Mannton456, I’m going to post it on the crypto-Games chat to prove it’s me. This is my story of loss.
I’ve always had a inclination for making reckless decisions. While I don’t gamble on a regular basis and prided myself on making sensible decisions, like investing in the bankroll of a bitcoin casino (to benefit from +EV), one day I decided to gamble with 3 BTC.
I won some bitcoins, and called it a day. The next day, I was bored and decided to give it another go. Lost everything. Now I don’t like losing, so my only strategy was to deposit almost 10x the amount - 20 BTC, and try to win it back again. I did and managed to turn it to 30 BTC. My heart was shaking and the adrenaline I had was incredible. I reinvested it in the site, and went to bed happy.
Unfortunately, the next day I decided to just do one bet of the entire balance, at 97% odds. I lost. Shit. I was operating in automatic mode and deposited a further 50 BTC, and tried to bet again. Lost again. I felt like ending my life.
I did something even more stupid and deposited another 70 BTC, almost the last remaining bitcoins I’ve had. Thankfully I was able to win back 30 BTC before I stopped and withdrew; putting my net loss at -54 bitcoins.
This is worth $350k USD. I am at a loss. I don’t think I will ever gamble again, but this is such an expensive lesson for me. I could’ve bought a house or apartment for that money. I could’ve bought 7 Tesla’s!
It’s also the first time I’ve lost anything more than $20 gambling. I don’t gamble a lot, and when I do it’s always with small amounts. But it was easy to see bitcoins as “not money” and that you’re just playing a game... with real money, and real life consequences.
I am someone in my 20s who got into cryptocurrency early. Thankfully, I do still have about $1.5 million in crypto and other investments, but losing 350k and 20% of your net wealth in the span of an hour is just... devastating to me. How did I end up risking $350k for a $18k loss?!
I’m having thoughts of going “all in” and trying to win it back. I know it’s a bad idea, a real bad one, but I’m someone who likes going big or going home.
I don’t know what to do at this point. I know I will survive, at least I’m not in debt, but fuck, I’m upset. I’m really depressed, and thoughts of killing myself have floated my mind.
I’ve always had a inclination for making reckless decisions. While I don’t gamble on a regular basis and prided myself on making sensible decisions, like investing in the bankroll of a bitcoin casino (to benefit from +EV), one day I decided to gamble with 3 BTC.
I won some bitcoins, and called it a day. The next day, I was bored and decided to give it another go. Lost everything. Now I don’t like losing, so my only strategy was to deposit almost 10x the amount - 20 BTC, and try to win it back again. I did and managed to turn it to 30 BTC. My heart was shaking and the adrenaline I had was incredible. I reinvested it in the site, and went to bed happy.
Unfortunately, the next day I decided to just do one bet of the entire balance, at 97% odds. I lost. Shit. I was operating in automatic mode and deposited a further 50 BTC, and tried to bet again. Lost again. I felt like ending my life.
I did something even more stupid and deposited another 70 BTC, almost the last remaining bitcoins I’ve had. Thankfully I was able to win back 30 BTC before I stopped and withdrew; putting my net loss at -54 bitcoins.
This is worth $350k USD. I am at a loss. I don’t think I will ever gamble again, but this is such an expensive lesson for me. I could’ve bought a house or apartment for that money. I could’ve bought 7 Tesla’s!
It’s also the first time I’ve lost anything more than $20 gambling. I don’t gamble a lot, and when I do it’s always with small amounts. But it was easy to see bitcoins as “not money” and that you’re just playing a game... with real money, and real life consequences.
I am someone in my 20s who got into cryptocurrency early. Thankfully, I do still have about $1.5 million in crypto and other investments, but losing 350k and 20% of your net wealth in the span of an hour is just... devastating to me. How did I end up risking $350k for a $18k loss?!
I’m having thoughts of going “all in” and trying to win it back. I know it’s a bad idea, a real bad one, but I’m someone who likes going big or going home.
I don’t know what to do at this point. I know I will survive, at least I’m not in debt, but fuck, I’m upset. I’m really depressed, and thoughts of killing myself have floated my mind.
Of course you would get upset in that amount of loss. It's not that you have a lot of money at your disposal but the value of saving it all is what's painful. You gamble for leisure but keep it in mind that lossing is inevitable. You still got a lot left so do not get upset too much and just relax and give it break.
Just stop! Go somewhere on vacation or your favorite place, to clear up your mind - it looks like you triggered something. Be sure you won't have access to your bitcoins. If you still have the eager to win it all back seek immediate help. I know it hurts but you need to take that loss and move on.
I even saw on a thread recently of a bank application that has really helped some people to curb gambling activities by placing some huge limit on them, and that is something close to being able to curb such things. It is not an easy thing to get out from, considering that you are already so engrossed in it, and that is just addiction as you know something is wrong with the decisions you are making, but you just keep finding yourself making the wrong decisions. At least, knowing there is a problem is one step to a successful elimination of the gambling act, but at the same time, trying to put some things in place that would limit you from gambling, like locking your funds when it comes to using such application as it tracks funds being used for gambling activities, then you may need to go for that. Here is the link to that thread; maybe you can find some clue from it... https://bitcointalksearch.org/topic/a-banking-app-helped-me-beat-my-addiction-5046343
The fact you ask help after huge losses means you actually don't want to kill yourself and face your problem.
The fastest way to solve your emotional problem is by keeping yourself busy, either with hobby, job or build deeper relationship with those you know. Even though asking for professional or family help would be better. You might want to use application such as https://freedom.to/ which block/hide application and websites and it's not limited to help gamblers, but many other addition as well.
What kind of help you need? Di you really lost such a big money in gambling? I don’t believe that. I think that if someone has such a big money he would never spend time in this forum because we are here for making some money. Honestly speaking if I have such money you will never see me in this forum. I would just buy coins and trade or hold and doing my regular business.The fastest way to solve your emotional problem is by keeping yourself busy, either with hobby, job or build deeper relationship with those you know. Even though asking for professional or family help would be better. You might want to use application such as https://freedom.to/ which block/hide application and websites and it's not limited to help gamblers, but many other addition as well.
~snip~
I have read up lots of ridiculous stories about gamblers do lose out some serious amounts of bitcoins due to emotions.I cant really blame since its your money after all and i cant deny the feeling of craving for more bitcoins even you do know that you had already profited.Not accepting loss bets is one of the mistakes yet it would really urge you to play even on single bet then after that it would be an another story since chances of playing more is there.No one can help you but yourself and since you do still have millions then you should not gamble again if you dont like to lose it all.
Don't ever try to go all in. There's a big chance that you're going to make things even worst and that's a total upset that could lead you to depression if you can't handle your emotion well. Enough with that lost man, that's too big. You should know when to accept defeat.
Jump to: