Bitcoin Forum

Just lost all of my Bitcoins on Satoshi:

https://www.youtube.com/watch?v=3SpihGKmYgY

That's the way she goes.

How much did you lose

Yeah. That's the way she goes.

About .256 Bitcoins. Hopefully I can recover from this.

I feel ya, I lost 1 bitcoin earlier on. I can't believe how some people can recover from losing 500 bitcoins (someone recently lost about that much I saw on the sdice statistics thread)

I lost last night

Details   2013-04-03 23:28:56   lessthan 48000   df8909f5   0   9ac19658   ----CONFIRMED   9.10000000   LOSE   0.04550000   62239

I've often wondered if many of the larger bets aren't just bots run by the site itself to attract attention. TX fee is a small price to pay to appear to inflate share prices and increase popularity! (No, I don't actually think this is going on, but I can't say it wouldn't cross people's mind if they were running it)

I suppose that would be a very nice way to run the business considering only 10% of the shares are owned by private investors.

Id bet more of if you have to many transactions coming in from the same address winning, you lose.

i noticed your loss was a power of 2. were you using the martingale strategy?

holding bitcoins is a way much better wadge than playing satoshi dice

Bitcoin has indeed been the best investment of all bitcoin related investments so far. That said, some people do get lucky on SD.

Yeah I feel you man. It's hard making a living out here.

Sorry to hear that friend :(

That's the way she goes.

But how much did you lose?

just go to a casino in vegas sometime and watch dozens of people piss away THOUSANDS of dollars in a night..

gambling is gambling, this is just a different currency and IMO a FAR more boring way to do it.

if you are going to gamble, might as well do it in a casino.

No worries, I started with .7 btc and traded on btc-e.com with LTC and made all that. Got greedy ha..

I started with 0.1. I made it to 0.2 playing over a week and 200 transactions later. Then it went down to 0.04. Then I made it go back up to 0.2. After 400 transactions later, I lost it all in a do-or-die bet, the final bet was 0.04 or something like that.

You could always just do one single bet of 100 BTC on 91% and win 107 BTC. You have a 9 in 10 chance of gaining 7 BTC. But you also have a 9% chance of losing.

Ya, I dropped $200 in the casino a few months ago. Lost it all playing blackjack. I usually do pretty well.

I also lost $1200 worth of Bitcoins a few days ago by selling at $99 and buying back at $120.

That will teach me not to sell. Ever.

Pfff whatever man. I lost like 20 BTC on stupid GEM games. I mean, you CANTget more stupid than THAT.

Although others have lost much more, I think the lesson is clear.

If you want to gamble, play some poker. Its a skill game - not some mindless horsecrap like dice or roulette.

If you lose, at least you lose to another player who might lose back to you in the future. With house games, the house ALWAYS wins.

Click the Seals With Clubs link in my sig to check out the biggest and best bitcoin poker site.

I don't understand how a gambling game can be so popular in such a mathematics-oriented community. Surely everyone here is able to see that E(X) < 0?  :P

I lost 7 BTC two months ago...still hurts

I lost a quarter inside my car... still hurt

worse I did not get the thrill of gambling, but another half an hour useless effort trying to recover it

My martingale bot lost 10 BTC last week. It would say "still hurts" I suppose.