Having a lot of bitcoin to gamble shows that you are a rich man indeed. When I am reading your post, I'm thinking to put myself in the situation that you have experienced. Same as you, I will be feeling depressed with the loss you have. 54 BTC like WTF!!!!. If I have that much Bitcoin, I will spend it to buy my personal needs and wants but you put it into gambling and risk it.
I think the best thing to do is to tell this to your family or friend so that anybody will share their opinion and advice to you and in that way, it can lessen what you are feeling right now. One more, don't gamble anymore since you said that you are not gambling everyday. Your post shows that you can't control yourself and you are thinking of going all in which is a very bad idea.
Topic: Lost $350k / 54 BTC gambling, need help :( - page 3. (Read 16195 times)
I'm saddened to hear you lost quite a few bitcoins gambling. At least you were able to cut your losses before you lost everything. One of the worst mistakes a gambler can do is to keep chasing their losses until they end up broke.
If you still have good health and a loving family your already rich. The money can be fun but without health and relationships it really doesn't mean much. Be grateful for what you have and don't take anything for granted.
If you still have good health and a loving family your already rich. The money can be fun but without health and relationships it really doesn't mean much. Be grateful for what you have and don't take anything for granted.
I am glad if you truly accept the lost and you are over this now. I think you need to manage your money better. My suggestion is to clearly separate personal and investment money. Maybe make a monthly budget and try sticking with it. Pay yourself a salary. If you consider yourself as investor/entrepreneur this would make it a bit more professional and will lead to more informative decisions. Good luck.
I think I’ve accepted my loss and ready to move past.
I’m certainly not going to be chasing this loss, or gambling for money again. Any gamble like that is going to be things like poker night with my friends, with a $20 buy in.
The only thing that’s slightly bugging me, especially after the crypto crash, is... do I have “enough” money? Is $1.5m good enough? I know that amount of wealth puts me at the 10% in the US, and probably the top 1% for someone in my 20s, but god... I was in the 1% once, and I want to be there again.
Maybe I need some perspective. Idk. Once you go from “spend money, ya have practically infinite money” (I gave away more than 100 BTC to family [good reason, don’t regret it one bit] and an ex [fuck I was dumb ]), to shit, money is finite and you only have a million and change... it’s an unpleasant realization but I think I’m missing perspective there.
That and whatnot. I’m going to continue what has worked out well for me, and what has allowed me to build this wealth that I had. Along with time and hopefully another crypto rally, I’ll be the 1% again. It’s only $10 million.
But I will make it there. Through hard work, savings, and smart investments. Never gambling.
I’m certainly not going to be chasing this loss, or gambling for money again. Any gamble like that is going to be things like poker night with my friends, with a $20 buy in.
The only thing that’s slightly bugging me, especially after the crypto crash, is... do I have “enough” money? Is $1.5m good enough? I know that amount of wealth puts me at the 10% in the US, and probably the top 1% for someone in my 20s, but god... I was in the 1% once, and I want to be there again.
Maybe I need some perspective. Idk. Once you go from “spend money, ya have practically infinite money” (I gave away more than 100 BTC to family [good reason, don’t regret it one bit] and an ex [fuck I was dumb ]), to shit, money is finite and you only have a million and change... it’s an unpleasant realization but I think I’m missing perspective there.
That and whatnot. I’m going to continue what has worked out well for me, and what has allowed me to build this wealth that I had. Along with time and hopefully another crypto rally, I’ll be the 1% again. It’s only $10 million.
But I will make it there. Through hard work, savings, and smart investments. Never gambling.
Most of the people who have posted here have included the right things that you should think. I can never imagine how much you have felt with losing that amount of money. Being satisfied would be the right thing to feel when you have won, but you didn't, you continued to play. That's the sad part. All I'm saying is, you are not the only one who has experienced that and it's time you realized that it's not the end of the world.
You need to be strong enough to accept your actions, whether you were greedy or playing for profit. We all have done those things, and don't lose hope for yourself. It's that moment when you tried that 97% freaking percent, and you still lost, don't hate yourself. Just go home, there are other opportunities that you could take advantage of, definitely not connected to gambling anymore.
You need to be strong enough to accept your actions, whether you were greedy or playing for profit. We all have done those things, and don't lose hope for yourself. It's that moment when you tried that 97% freaking percent, and you still lost, don't hate yourself. Just go home, there are other opportunities that you could take advantage of, definitely not connected to gambling anymore.
You are too young and still have a long life,good enough you have stopped gambling rather than suicide its not good dude.Trying to learn from past experiences you will undoubtedly find success in it,greedy don't do it is a fall.
The most important thing to do right now is not do anything stupid (i.e. suicide or loss chasing). If you don't feel like you can't control yourself, I'm happy to help you timelock your money for the next year to prevent anything stupid.
In 10 years it'll seem like a distant "i really fucked up then" memory, so in the mean time focus on more important things in life. The truth is you just had those bitcoin sitting doing nothing anyway.
But being frank, you obviously have some latent self control issues. You really shouldn't gamble again, or if you do have extremely strict limits you establish for yourself that are not based on loss-chasing. I would strongly advise you don't gamble until you can forget about this loss and consider chasing it.
But seriously, look at al the positive things you got going for you. Your remaining savings are more than 99.9% of the world. Learn from your mistake, forgive yourself and most importantly don't do anything stupid.
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P.S. I'd also recommend against casino investing. It's too easy to gamble from there, and it's best to distance yourself from casinos in general when you have a problem.
In 10 years it'll seem like a distant "i really fucked up then" memory, so in the mean time focus on more important things in life. The truth is you just had those bitcoin sitting doing nothing anyway.
But being frank, you obviously have some latent self control issues. You really shouldn't gamble again, or if you do have extremely strict limits you establish for yourself that are not based on loss-chasing. I would strongly advise you don't gamble until you can forget about this loss and consider chasing it.
But seriously, look at al the positive things you got going for you. Your remaining savings are more than 99.9% of the world. Learn from your mistake, forgive yourself and most importantly don't do anything stupid.
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P.S. I'd also recommend against casino investing. It's too easy to gamble from there, and it's best to distance yourself from casinos in general when you have a problem.
It’s like 2am and I woke up at night and couldn’t fall asleep, but I went back to reading your comment. It really helps. Thank you once again.
How a nice story wrote by the OP, we have to learn a lot on this scenario. First, OP was lost of the control chasing of his loss in gambling that makes thing worst for him because of that he had lost everything if he didn't decide to stop. Well, my advice doesn't kill your self in just chasing your loss, set money that you can afford. If you had a loss on that day at your limit amount then, stop and come back into another day.
The reason why you are still convinced that gambling is the way to redeem your losses is because the money you used is yours. You have lost what some people will not see in their entire life time of work in other places of the world. My advice, you need to start looking for other ways of multiplying your investment which in this case you have identified what you could have used with it. Try to move your funds into a wallet you won't have access to or you consider a fixed investment that would not be subject to huge volatility while the remaining can be gambled away.
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.
Hey first of all stop focusing on what you lost that money is not coming back, now look at the bigger picture are you bankrupt no, do you have debts to pay no you're yet a millionaire, something that an average gambler wishes to achieve. I would suggest you to read a book called you can heal your life by Louis Hay, also visit gambling forums where you'll find similar gamblers and speak your heart there. I would just call it a bad luck, and remember you have a good amount of crypto left, if cryptos prices rise you'll recover all you lost, dying is not a solution remain strong.
You've got the important lesson from the gambling, you won't get a chance to recover your loss. I think you still have a lot of money in your crypto because you still have $1.5 million in crypto and other investments and I think you can do another thing to recover your loss. I hope that someday you can increase your money without playing gambling. I know it's painful to get lost especially you lose more than 50 BTC but the good thing is you still have money in your wallet. Maybe you can take a break for a while, take holiday to another place or enjoy your time with your friends or your family.
Please don’t kill yourself, your life is worth more than money. Please remember that. You’re very young & have your whole life ahead of you. You still have a good amount of bitcoin’s too so if if’s money you’re chasing then STOP. Bitcoin will likely go up to $50,000 per coin or more after the next halving so you will not be short of money.
I think you need to stop gambling altogether, I don’t think you seem the type of person who can bet small amounts. Like ypu said you ‘go big or go home’.
You need a holiday, somewhere hot & time to relax & think things through.
You will get over this, please don’t do anything stupid.
I think you need to stop gambling altogether, I don’t think you seem the type of person who can bet small amounts. Like ypu said you ‘go big or go home’.
You need a holiday, somewhere hot & time to relax & think things through.
You will get over this, please don’t do anything stupid.
- Don’t try & win it back
- Don’t do anything stupid
Hi dude I feel your pain I lost all my money too and not from gambling from scam exchange ok. I have a way you can win back some of your bitcoin if you would help me to make some money.
I dont know if you heard but Pm me.
scammer I dont know if you heard but Pm me.
Hi dude I feel your pain I lost all my money too and not from gambling from scam exchange ok. I have a way you can win back some of your bitcoin if you would help me to make some money.
I dont know if you heard but Pm me.
I dont know if you heard but Pm me.
Too many thoughts for you to think about what you have done till now and what could have being better to avoid it and do not fall under this situation. Hope you would analysis yourself and avoid falling under this type of situation where it is almost you have lost a whole lot of money but be happy that you have realized it and start a new innings now.
Hi,
Feeling which you have right now is normal. And your seeking for help is good sign. I would like to suggest you to search for professional help. Yes, call that phone number on gamble aware or find someone who help people with gamble addiction.
Your current state is normal but you can be sure if you lose all your money on gambling it will feel even worse.
You are saying that you should buy a house instead of gambling that amount. Good, buy house now. You have funds and fulfill that.
And as a motivation keep talking with people here on this thread.
Feeling which you have right now is normal. And your seeking for help is good sign. I would like to suggest you to search for professional help. Yes, call that phone number on gamble aware or find someone who help people with gamble addiction.
Your current state is normal but you can be sure if you lose all your money on gambling it will feel even worse.
You are saying that you should buy a house instead of gambling that amount. Good, buy house now. You have funds and fulfill that.
And as a motivation keep talking with people here on this thread.
I, and I think most of gamblers who read your story, feel sorry for your loss. I've witnessed your winnings and sadly your loss as well. It's very good to share your story, this will help you process your losses.
But dude, you're young and you still have a shitload of bitcoins left. You'll get over it. If I were you I'd rather be thankful for not losing it all. You've managed to gain back more than 25% of your losses before pulling it all out. It could have been a disaster.
And my advice to you is to look for help for this part:
Gamble only what you can afford to lose. Going all in with money you can't afford to lose is very stupid. If you go big, make sure you have a home to go in case shit goes wrong.
But dude, you're young and you still have a shitload of bitcoins left. You'll get over it. If I were you I'd rather be thankful for not losing it all. You've managed to gain back more than 25% of your losses before pulling it all out. It could have been a disaster.
And my advice to you is to look for help for this part:
Quote
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.
Gamble only what you can afford to lose. Going all in with money you can't afford to lose is very stupid. If you go big, make sure you have a home to go in case shit goes wrong.
Thanks, it’s good to remind me that things could’ve gone worse - I could have lost even more (another 67 BTC) because I did deposit that, and made aggressive bets in order to try and reduce my losses.
I certainly won’t ever, ever be gambling again. It’s just an experience I’m not going to participate in, except for token amounts for the experience.
$1m won't even buy a house in the big cities ( Los Angeles, New York, San Francisco)
I know there are a lot of third worlders on this forum that think $1m usd is a lot of money but it really isn't.
Exactly, you can’t even buy a house here, and even if you do you have nothing left. It’s a life-changing amount of money still but if you have a good job, a dude making $120k and having $100k in savings, versus a dude making $120k and 2.5m in savings/investments still generally live the same-ish life. I know there are a lot of third worlders on this forum that think $1m usd is a lot of money but it really isn't.
I, and I think most of gamblers who read your story, feel sorry for your loss. I've witnessed your winnings and sadly your loss as well. It's very good to share your story, this will help you process your losses.
But dude, you're young and you still have a shitload of bitcoins left. You'll get over it. If I were you I'd rather be thankful for not losing it all. You've managed to gain back more than 25% of your losses before pulling it all out. It could have been a disaster.
And my advice to you is to look for help for this part:
Gamble only what you can afford to lose. Going all in with money you can't afford to lose is very stupid. If you go big, make sure you have a home to go in case shit goes wrong.
But dude, you're young and you still have a shitload of bitcoins left. You'll get over it. If I were you I'd rather be thankful for not losing it all. You've managed to gain back more than 25% of your losses before pulling it all out. It could have been a disaster.
And my advice to you is to look for help for this part:
Quote
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.
Gamble only what you can afford to lose. Going all in with money you can't afford to lose is very stupid. If you go big, make sure you have a home to go in case shit goes wrong.
$1m won't even buy a house in the big cities ( Los Angeles, New York, San Francisco)
I know there are a lot of third worlders on this forum that think $1m usd is a lot of money but it really isn't.
I know there are a lot of third worlders on this forum that think $1m usd is a lot of money but it really isn't.
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