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Title: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: mitchfultz on March 15, 2013, 07:57:17 PM Hey all,
My name is Mitch and I'm new to the Bitcoin scene. I heard of Bitcoins after reading an article online about its success and decided they would be better than leaving my money sit in a low interest savings account. I'm a college student at an elite University and am already beginning to be swamped with student loans so I thought it would be a good idea to 'invest' the money I earned from my work study job into Bitcoins. I planned on holding on to them and selling them at a later date when I needed to make payments or when the market made it seem like the correct time to sell. I purchased my coins through MtGox and then stored them on blockchain.info and all was well until I saw the 'Games' tab under send money. I began playing SatoshiDice and in what seemed like a second I had lost my initial investment of $800-$900.. What do you guys suggest I do to try and get at least some of this money back? I understand SatoshiDice was not the best idea and I should not have 'gambled' my coins away. I am up for any advice as to how to proceed from here. I don't like to ask for help but lacking the knowledge some of the veterans around here have I have no choice since I lost nearly all of my money I had saved up. Am I, to put it simply, screwed? I hope there is some way to recoup what I have lost; in any way. I have a powerful laptop, free electricity, and free access to Internet that showed to be faster than 99% of all other tests performed, according to speedtest.net. Mining on my Nvidia GT540M graphics card seems pointless, and although my CPU is great mining with that is out of the question it seems. Thank you all a ton for whatever advice you can give me. I believe my Bitcoin address is in my signature if anyone cares to donate. That'd be great to build my spirits up a bit, but only do so if you can afford to do so, I do not want you in a tough situation as well. Thanks again, Mitch. Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: DeathAndTaxes on March 15, 2013, 08:02:40 PM Quote I hope there is some way to recoup what I have lost; in any way. No. Future actions don't change the past. The money you lost is gone. Even if you were able to mine (or work, or trade) and generate a profit you would have been able to do that even if you didn't lose the money you lost. It is called gambling for a reason. Quote I have no choice since I lost nearly all of my money I had saved up. Of course you have a choice, you have a choice to not beg. Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: sal201987 on March 15, 2013, 08:03:26 PM Hey man Ive lost plenty too, it can be addictive just hang in there and don't play with anything you cant afford to loose.. on the other hand i have stock in satoshi dice so everyones loss is my dividend ;)
Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: twix on March 15, 2013, 08:04:15 PM Of course you have a choice, you have a choice to not beg. OuchTitle: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: battmann on March 15, 2013, 08:06:38 PM Well besides investing in a gambling rehab center; you could join my mining pool on triple mining. Message me if you don't know how to set up your computer to mine bitcoin. Its not gonna be fast, but it's better than nothing. Also you could go to www.getfreebitcoin.com and join the raffle/use the sites listed to get small amounts of BTC free.
You could probably get enough to win some of that coin back on satoshi dice ::) Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: Raoul Duke on March 15, 2013, 08:20:47 PM So, what do you want exactly? Pitty, bitcoins or money?
Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: battmann on March 15, 2013, 08:33:15 PM So, what do you want exactly? Pitty, bitcoins or money? psy you're like the Maddox of BTCtalk. 2006 Maddox; don't worry its a compliment.Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: Bitobsessed on March 15, 2013, 08:36:22 PM Gotta be honest here, this just sounds like a troll to put a bad name on Satoshi Dice. If not, well, you need a lot more college.
Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: Mike Christ on March 15, 2013, 08:40:24 PM Gambling's bad, mmkay
Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: zeocrash on March 15, 2013, 08:50:34 PM That money's gone.
I'd put that one down to experience, that pure luck based gambling isn't a good investment. Next time you buy some bit coins for the long term, lock them away. If you can't do that then you should seriously consider gambling rehab. Also until you have some experience in something, don't go investing your life savings in it, especially in something that's essentially pure luck. Hope you have better luck in future Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: mccorvic on March 15, 2013, 08:56:16 PM SD SHOULD BE BANNED! SD SHOULD SEND THIS GUY ALL HIS COINS BACK!
But seriously, the best thing you can do is to provide a good or service in exchange for BTC. Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: MysteryMiner on March 15, 2013, 08:58:32 PM Mining on laptop is not worth in long term. The laptop does not have enough mh/s to make 900$ of coins in reasonable time and also the additional heat might accelerate the death of GPU chip or mainboard. But if You have desktop computer with dual HD5870 cards and free electricity it can be a reasonable way in long term to get the coins back trough mining.
Quote SD SHOULD BE BANNED! SD SHOULD SEND THIS GUY ALL HIS COINS BACK! An Silk Road must be banned too, right? How technically it might be possible to do? He lost his coins in gambling because of bad luck or stupidity, what the SD have to do? Some people have big wins there. SD is the most transparent and honest way to gamble that I ever seen.Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: wtfvanity on March 15, 2013, 09:04:28 PM SD SHOULD BE BANNED! SD SHOULD SEND THIS GUY ALL HIS COINS BACK! And Vegas should be shut down! And Poker Stars! And the horse track! And slot machines should be banned. Call your senator today. But seriously. Buy another $800-$900 of bitcoins. What are the chances you'll lose it all twice? ;D Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: Raoul Duke on March 15, 2013, 09:07:52 PM So, what do you want exactly? Pitty, bitcoins or money? psy you're like the Maddox of BTCtalk. 2006 Maddox; don't worry its a compliment.Still don't understand what you mean with it. ??? In case you're wondering, if the dude's looking for any of those 3 things, then he will get none of them from me ;D Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: battmann on March 15, 2013, 09:10:39 PM So, what do you want exactly? Pitty, bitcoins or money? psy you're like the Maddox of BTCtalk. 2006 Maddox; don't worry its a compliment.Still don't understand what you mean with it. ??? Maddox? Holy hell...hold on let me link you. The new stuff is meh, but the replies to hatemail and older posts are golden. http://maddox.xmission.com/ Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: MysteryMiner on March 15, 2013, 09:11:03 PM Buy another $800-$900 of bitcoins. What are the chances you'll lose it all twice? ;D Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: boozer on March 15, 2013, 09:12:42 PM Buy another $800-$900 of bitcoins. What are the chances you'll lose it all twice? ;D Either he will lose it all or he won't... so 50/50? :P Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: thefiniteidea on March 15, 2013, 09:14:04 PM Seems like this guy has more than just gambling problems:
https://bitcointalk.org/index.php?topic=146243.0 We donated an entire thread to this BS already... Aight so that title might have been a bit missleading, but I have some thoughts here. I have NEvER ever gambled in my life earlier, well that was until I discovered bitcoins.. To me it seems as if bitcoins might be a kind of gateway to gambling addiction. It started not long ago when I got my blockchain wallet. I was going to send some coins and all of a sudden I saw "SatoshiDice" under "Games" and though woot is this. So I pressed it and saw a cool interface with odds and so on. I had some coins so I bet 0.01 on different odds and experimented with it, but then forgot it. Some weeks later I saw a thread here on the forum about the martingale betting system, and got really hooked. I started martingaling on 48% odds and won minimal ammounts (0.01) but still I won and won and won. I didn't care about googling martingale or think any more about it, because I won you know? So I started betting 0.1 btc and that's when it escalated pretty quickly. Lost 10 btc in about 10 transactions.. I promised to myself that I would never do it again. Next time I logged into my wallet I saw that stupid SatoshiDice again, but I felt the URGE to play again, I couldn't stop myself. I told my buddy to stop me but he just laughted it off. So I started with 0.01 again since I didn't even had a coin. I left the wallet with a small profit again. So some days ago I sold some stuff on bitmit (http://bitly.com/VIrA2o (http://bitly.com/VIrA2o)) and had 10 coins again, ofcourse you can guess what happened next. Lost it all. However, now I've sold some stuff again and got about 20 btc and I really feel the urge to bet it all on 50% odds to weigh up for the total loss of 20btc I have right now. I don't know what to do to stop myself, I'm 17 years old and have never been gambling before and now all of a sudden it's a serious addiction for me. Please help out guys? Do you know how to stop myself from gambling? I would switch wallet but I really love the blockchain wallet exept for the fact that gambling is only 2 clicks away. Also, what do you think about bitcoins opening up a world of gambling to young people that normally would not even think about gambling? Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: mitchfultz on March 15, 2013, 09:18:45 PM I am aware Bitcoin transactions are irreversible.
The purpose of this post was to simply ask if options other than gambling are available to multiply the few Bitcoins I do have left. So, what do you want exactly? Pitty, bitcoins or money? I do not want your pitty and I think it is extremely rude the way you responded, psy and DeathAndTaxes. As for begging, I reread my post and it does not seem like a beggers post to me. My choices caused this situation and I know that, I was just throwing the possibility of a little help out there. It isn't easy for me to post asking for help. Your replies are the reasons why. Why tear me down further when I know what mistakes I have made?I would have never expected those type of responses on this forum. As for the guy who thinks this is a "troll" on SatoshiDice, no, this isn't me simply trolling. I made the mistake of choosing to gamble my Bitcoins. Many people have had major gains from that site and many people have had the complete opposite, like myself. Be a little more professional in your responses, please. Seems like this guy has more than just gambling problems: https://bitcointalk.org/index.php?topic=146243.0 Donate with caution. And just because I chose Eminem as my avatar makes you believe I am the same person who made that post? Thanks Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: thefiniteidea on March 15, 2013, 09:23:28 PM Quote from: mitchfultz Seems like this guy has more than just gambling problems: https://bitcointalk.org/index.php?topic=146243.0 Donate with caution. And just because I chose Eminem as my avatar makes you believe I am the same person who made that post? Thanks You're right... The fact that you also lost money gambling on Satoshi Dice has nothing to do with it. Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: rini17 on March 15, 2013, 09:24:49 PM I am up for any advice as to how to proceed from here. I don't like to ask for help but lacking the knowledge some of the veterans around here have I have no choice since I lost nearly all of my money I had saved up. Well, if you manage to save something again, just buy S.DICE stock. Then you can be closest to "get at least some of this money back" ;) Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: mitchfultz on March 15, 2013, 09:26:15 PM Seems like this guy has more than just gambling problems: https://bitcointalk.org/index.php?topic=146243.0 We donated an entire thread to this BS already... Aight so that title might have been a bit missleading, but I have some thoughts here. I have NEvER ever gambled in my life earlier, well that was until I discovered bitcoins.. To me it seems as if bitcoins might be a kind of gateway to gambling addiction. It started not long ago when I got my blockchain wallet. I was going to send some coins and all of a sudden I saw "SatoshiDice" under "Games" and though woot is this. So I pressed it and saw a cool interface with odds and so on. I had some coins so I bet 0.01 on different odds and experimented with it, but then forgot it. Some weeks later I saw a thread here on the forum about the martingale betting system, and got really hooked. I started martingaling on 48% odds and won minimal ammounts (0.01) but still I won and won and won. I didn't care about googling martingale or think any more about it, because I won you know? So I started betting 0.1 btc and that's when it escalated pretty quickly. Lost 10 btc in about 10 transactions.. I promised to myself that I would never do it again. Next time I logged into my wallet I saw that stupid SatoshiDice again, but I felt the URGE to play again, I couldn't stop myself. I told my buddy to stop me but he just laughted it off. So I started with 0.01 again since I didn't even had a coin. I left the wallet with a small profit again. So some days ago I sold some stuff on bitmit (http://bitly.com/VIrA2o (http://bitly.com/VIrA2o)) and had 10 coins again, ofcourse you can guess what happened next. Lost it all. However, now I've sold some stuff again and got about 20 btc and I really feel the urge to bet it all on 50% odds to weigh up for the total loss of 20btc I have right now. I don't know what to do to stop myself, I'm 17 years old and have never been gambling before and now all of a sudden it's a serious addiction for me. Please help out guys? Do you know how to stop myself from gambling? I would switch wallet but I really love the blockchain wallet exept for the fact that gambling is only 2 clicks away. Also, what do you think about bitcoins opening up a world of gambling to young people that normally would not even think about gambling? I understand your skepticism of this being a legit post since there is a similar one already out there. Whatever verification you need let me know, I'm not making multiple accounts to scam people out of their money. I don't think anything I say will change your minds now that a claim like that has been made. However, to gain a positive reputation as a legit new member, I would like to sort this out so other members do not believe I am a scammer or spammer. Thanks. Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: mccorvic on March 15, 2013, 09:26:50 PM Quote SD SHOULD BE BANNED! SD SHOULD SEND THIS GUY ALL HIS COINS BACK! An Silk Road must be banned too, right? How technically it might be possible to do? He lost his coins in gambling because of bad luck or stupidity, what the SD have to do? Some people have big wins there. SD is the most transparent and honest way to gamble that I ever seen.You're really obvious joke and sarcasm meter is really broken. I can't imagine why so many people have you set to ignore. The purpose of this post was to simply ask if options other than gambling are available to multiply the few Bitcoins I do have left. Well, it seems like you already answered this your self in the OP. Plus, I would have hoped that your would have learned from SD that you don't simply "multiply" your money. You do what I told you: offer a good or service in exchange for bitcoins. It's up to you to figure out what that will be. If someone else had an idea on a way to make BTC they wouldn't tell you because they'd just do it for themselves. Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: MPOE-PR on March 15, 2013, 09:27:59 PM Gotta be honest here, this just sounds like a troll to put a bad name on Satoshi Dice. If not, well, you need a lot more college. You mean collage. Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: mitchfultz on March 15, 2013, 09:29:23 PM Quote from: mitchfultz Seems like this guy has more than just gambling problems: https://bitcointalk.org/index.php?topic=146243.0 Donate with caution. Seems like this guy has more than just gambling problems: https://bitcointalk.org/index.php?topic=146243.0 We donated an entire thread to this BS already... Aight so that title might have been a bit missleading, but I have some thoughts here. I have NEvER ever gambled in my life earlier, well that was until I discovered bitcoins.. To me it seems as if bitcoins might be a kind of gateway to gambling addiction. It started not long ago when I got my blockchain wallet. I was going to send some coins and all of a sudden I saw "SatoshiDice" under "Games" and though woot is this. So I pressed it and saw a cool interface with odds and so on. I had some coins so I bet 0.01 on different odds and experimented with it, but then forgot it. Some weeks later I saw a thread here on the forum about the martingale betting system, and got really hooked. I started martingaling on 48% odds and won minimal ammounts (0.01) but still I won and won and won. I didn't care about googling martingale or think any more about it, because I won you know? So I started betting 0.1 btc and that's when it escalated pretty quickly. Lost 10 btc in about 10 transactions.. I promised to myself that I would never do it again. Next time I logged into my wallet I saw that stupid SatoshiDice again, but I felt the URGE to play again, I couldn't stop myself. I told my buddy to stop me but he just laughted it off. So I started with 0.01 again since I didn't even had a coin. I left the wallet with a small profit again. So some days ago I sold some stuff on bitmit (http://bitly.com/VIrA2o (http://bitly.com/VIrA2o)) and had 10 coins again, ofcourse you can guess what happened next. Lost it all. However, now I've sold some stuff again and got about 20 btc and I really feel the urge to bet it all on 50% odds to weigh up for the total loss of 20btc I have right now. I don't know what to do to stop myself, I'm 17 years old and have never been gambling before and now all of a sudden it's a serious addiction for me. Please help out guys? Do you know how to stop myself from gambling? I would switch wallet but I really love the blockchain wallet exept for the fact that gambling is only 2 clicks away. Also, what do you think about bitcoins opening up a world of gambling to young people that normally would not even think about gambling? I understand your skepticism of this being a legit post since there is a similar one already out there. Whatever verification you need let me know, I'm not making multiple accounts to scam people out of their money. I don't think anything I say will change your minds now that a claim like that has been made. However, to gain a positive reputation as a legit new member, I would like to sort this out so other members do not believe I am a scammer or spammer. And just because I chose Eminem as my avatar makes you believe I am the same person who made that post? Thanks You're right... The fact that you also lost money gambling on Satoshi Dice has nothing to do with it. Valid point, I did not read that post. I guess the fakes before have caused major skepticism when a post like mine comes up. Understandable. Thanks. Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: Raoul Duke on March 15, 2013, 09:30:35 PM Yeah, I'm rude. Sue me.
Now send me some bitcoins so I can pay my lawyer. Some asshole on Bitcointalk just sued me and I need the money! Address on signature! Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: mitchfultz on March 15, 2013, 09:35:12 PM Yeah, I'm rude. Sue me. Now send me some bitcoins so I can pay my lawyer. Some asshole on Bitcointalk just sued me and I need the money! Address on signature! I would expect different conduct from a Moderator. I would appreciate it if you would simply ignore this thread, I do not need to hear more negativity. Please Thank you Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: Raoul Duke on March 15, 2013, 09:43:45 PM Yeah, I'm rude. Sue me. Now send me some bitcoins so I can pay my lawyer. Some asshole on Bitcointalk just sued me and I need the money! Address on signature! I would expect different conduct from a Moderator. I would appreciate it if you would simply ignore this thread, I do not need to hear more negativity. Please Thank you Why? Are moderators supposed to be perfect? I will ignore the thread if I feel like it, not because you ask me to. The negativity you talk about is your own fault. Man up. You made a mistake. Don't expect pitty or pats on the back. Face your failures. Share your story if you wish to, to warn others before they fall on the same mistakes you did, but your thread is nothing more than cyber-begging, even if you want to convince us otherwise. Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: thefiniteidea on March 15, 2013, 09:50:05 PM Quote from: mitchfultz I understand your skepticism of this being a legit post since there is a similar one already out there. Whatever verification you need let me know, I'm not making multiple accounts to scam people out of their money. I don't think anything I say will change your minds now that a claim like that has been made. However, to gain a positive reputation as a legit new member, I would like to sort this out so other members do not believe I am a scammer or spammer. Thanks. Dude, no one cares. Seriously. Write whatever the fuck you want. If it's funny, I'll laugh. If it makes me think, I'll think. If it's sad, I'll cry. If it's bullshit, then I'll say it's bullshit. So this is bullshit. And right now your posts are bullshit. Now make me laugh. And I might think your bullshit is funny. Say something smart, and I might think your bullshit is smart. Say something really smart, and I may forget you were involved in bullshit. The choice is yours, bro. Welcome to Bitcoin. Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: Fiyasko on March 15, 2013, 09:56:48 PM You stupid idiot, THE HOUSE ALWAYS WINS.
If this was not a FACT, then sofisticated gambling establishments could not exsist Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: 01BTC10 on March 15, 2013, 09:56:49 PM I hope you enjoyed the lesson before you get access to higher loans. $900 is nothing in a lifetime. Some peoples lose their house, car, wife, etc. Maybe next time try to keep your bitcoins on another wallet like Electrum if you can't control yourself.
Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: Raoul Duke on March 15, 2013, 09:58:09 PM You stupid idiot, THE HOUSE ALWAYS WINS. If this was not a FACT, then sofisticated gambling establishments could not exsist Don't be rude! You might hurt his feelings... ::) Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: zeocrash on March 15, 2013, 10:14:01 PM You stupid idiot, THE HOUSE ALWAYS WINS. If this was not a FACT, then sofisticated gambling establishments could not exsist Indeed http://www.telegraph.co.uk/news/worldnews/northamerica/usa/9490723/Casino-sues-gamblers-over-winnings.html If you're looking at getting your money back, either trade your BTC using one of the exchanges, or buy yourself an ASIC and mine. Both ways will take a while though. You might just be better putting your money in a fixed term investment in the bank where you can't get at it. I know bit coin has shown huge growth, but getting 0.5 or 1% interest a year from a bank leaves you with vastly more money than just blowing all your money on satoshi dice. Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: Centaure on March 15, 2013, 10:22:35 PM Satoshidice is a nice way to test whether the bitcoin network is working properly but nothing more since the expected value is negative...
Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: mitchfultz on March 15, 2013, 10:37:18 PM I fucked up and lost my money.
Title: Re: New to Bitcoin, lost nearly all of initial investment on SatoshiDice :( Post by: Fiyasko on March 15, 2013, 11:15:21 PM I fucked up and lost my money. http://pinkie.ponychan.net/chan/files/src/134026852216.pngSeriously. You gambled your DEBT, and lost. The gambling odds are that that was going to happen! |
