Bitcoin Forum

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.

First off: Don't kill yourself. You haven't lost it all.

The problem is that you need to find the willpower to either completely stop or moderate your gambling back to where it is. One issue that will arise, however, is that it won't feel the same. The stakes won't be the same. You'll want to raise them. You need to prevent yourself from doing so.

Stick your million into some cold storage and lock that shit away if you don't think you can resist. You want to prevent any loss-chasing sessions from affecting the rest of your funds.

---

Check: https://www.gamblersanonymous.org.uk/

---

Here's something that might help: gamble when accompanied by responsible people. They'll keep you in check. Gambling alone means that only you will be in control and as we all know, emotions can go into turmoil.

If it means that you'll gamble less, then that's a good thing. ;)

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.

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.

--

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.

I may be able to help. Add me on discord: Alec#4820.

P.S. You just wrote that you still have a lot of money. Expect people to try scam you for it  ;)

There is always a chance for you to earn back the money you have lost through other ways except gambling as long as you are still alive, so you should not be having any thoughts to commit suicide, there are even people who went bankrupt because of their gambling addiction or failed investment, I believe you have also read real life stories about these people who have managed to brace themselves up and start a new life again.

You should try to stay away from gambling sites, because there is always a slight chance that you will start gambling again once you log in to the site. Sometimes, people might be attracted to gamble again when they saw other gamblers winning huge amount of money on their gambling session, so the best option is to find other activities to keep yourself busy and you will not have anymore extra time to think of gambling anymore. Just remember this, starting from this moment, if you don't gamble again, you will not be losing any of your money to the casino anymore.

Thanks RHavar. Yes, I’m not planning to invest in casino bankrolls again, it’s just too tempting for me to bet. I do think I have a little bit more self control now, I haven’t even been betting with faucet satoshis.

My self control issues partly come from me seeing low probability events as “wont happen”. I made 97% bets thinking that if I only do it a few time’s, I won’t lose. But of course, you can always lose and just end up risking ridiculous amounts of money for relatively tiny gains.

I also feel bad because the $1.5m is my investment money. I don’t want touch it or spend it on myself, except for investing. It’s currently 67% crypto and 33% stocks. So I lost pretty much all of my spending money, and I feel pretty down over it... a lot of people have a million dollars net wealth, it’s not that much. I don’t have a house or anything.

Honestly it's good you feel bad. It'd be scarier to have lost so much and not feel bad.  Remember the feeling before you consider gambling again.


And you're objectively in an extremely good financial position. There's not much you can do with $1.5M that you can't do with $1.15M

Sure, lots of people have a bigger net-worth than you but you're doing way better than the vast majority. And worst case if you need a break from it all, take a year off in somewhere exotic with a cheap cost of living. Maybe like Thailand? For 25k you could have a pretty great year, and make a lot of memories that will last your life.

It's hard to see the situation clearly when you're in the inside, but honestly yours is fine  ;D

You’re right. With a little bit more growth in crypto, I’m able to be financially independent and live off the dividends. Not that I will, I’m going to keep on investing, but subjectively losing $350k hurts incredibly but objectively it hasn’t and won’t ruin my life - as long as I heed this as a critical lesson in self control and impulse control, as well as reducing risk taking behaviour in life.

Thank you.

I despise gambling and I'm glad you at least have something left. Casinos are predatory and I truly hate them.  I realize a lot of members here shill for gambling sites so they can make a few fractions of a bitcoin but I really wish they would stop advertising here.

One million isn't really a lot but at least you still have more than the majority of people in the world.  In the end we all die anyways, money is just numbers on a computer screen.

I recently saw a vid on youtube about the biggest gambling losses and some of these whales would lose ten million in a single session, its insane.

You still have a lot of bitcoin, I can feel the pain specially for small holder like me. Go outside your house and look for an activity where you can heal the pain. And try to seek professional help from psychiarist so it won't happen again so you'll get better mentor if its about decision making. You need to move on at this moment, relax yourself and you are still young so there's still a long way to go for you. I'm glad that you didn't lost all of your holdings.

Very true. You still have all the time in the world to reflect about your life. Don't kill yourself. Find even one motivation why you need to stop this habit. I think it's better to stop rather than moderate for your long-term goal. Because there's a chance that he will go back to his old self again once everything is going great again. But, to start such change in your life, moderation of this habit is already a good start. It's like a smoker trying to cut his cigarette consumption.

Why are you thinking that you are down from $1.5m to $1.15m, Think positive that you have the whole $1.15m with you , which is way more good for you. Because always positive thinking will give you more satisfaction and it will boost your confidence and all wrong doing will not come in your mind.

Think about the gamblers who lost their whole live investment and now they are beggar, atleast you are holding your 75% of crypto investment. When you are in loss it is better to compare with high losers so that it will give more satisfaction to you.

I guess the thing is $1.5m (I had $1.85m before) isn’t a whole lot of money in an expensive first world country. But I have heard of people in financial devastation and debt, thankfully I am not.

$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, 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.

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.

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.

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. :)

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 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

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.

• Don’t try & win it back
• Don’t do anything stupid
  

God bless !

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.

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.

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.

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.

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.

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.

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.

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 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'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.

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.

Most people who gamble including myself do it mostly because we want to win money but if I have the privilege of having that much money why would I gamble in the first place and risk losing money.

Bitcoin world are riskier than ordinary gambling like vegas so it's normal and you must aware for this.
I know that gambling able to make you rich but cryptocurrency gambling can't make you as rich as Dan Bilzerian !

So before it's too late, you need find another way to multiple your bits ( For example : I'm invest on other platform with the profit that I got from crypto )

Please, first of all, ask CryptoGames to disable your account and ban your IP address.
They will do that if you're a problem gambler, that would be a very good first step.

Second, get professional help as soon as possible. Instead of gambling one last time, please make an emergency appointment with a mental health specialist.
Do whatever you can to stop yourself from gambling again.

From Crypto-Games FAQ:


You still have more than enough money left to live very comfortably for a couple of years. Please seek something else that gives you the same sort of adrenaline rush, but isn't detrimental to your mental health and finances.

glad you accepted the loss mate but hope you learned the lesson , it's not about not gambling in the future but it's about self control
you seriously need to learn self control cause you didn't lose that amount of money because of gambling but because lack of self control

we can all agree that gambling will only end up with loss but you ended up chasing small loss with big capital and to be honest this is what you should work on cause this may affect your future investments in the coming days

always measure the risk/reward and take time to think about it , cause you may end up doing the same thing with investments as well ( remember there is really a tiny line between gambling and investing )

you still have a lot of money so personally  wouldn't worry if I was you , you can easily make it back within two years

The thing is it doesn't matter where you live when you have 1.5 million dollars. You are saying you live in an expensive city but that has no relevance to this at all, you are 1.5 million ahead of what you would have been if you didn't invested into bitcoin back in the early days.

You wouldn't have that money and I am pretty sure having that money is better than not having it in anywhere around the world. The point is not that it is a lot of money in some countries and not so much in some other countries but the point is you at least have it which is much better than not having. If you keep gambling this way you won't have it and you will think about how it sucks not having it, you would probably rue the day you gambled and if you are like this by losing $350k, think how worse you will be by losing another 1.5 million dollars which tells me it is a big amount of money.

I would suggest getting a place for yourself if you do not have it, maybe you won't afford a luxurious state but I am sure you can at least get a one bedroom small loft type thing or whatever you can afford, that way your money won't be on bitcoin for you to gamble but will be your house which you won't have to pay rent and if you are living on a dorm or with your parents you can even rent it and if your country is as expensive as you say than the rent will be high and you will have a decent income from that which you can't gamble with.

All together everything seems pretty awesome for you no matter what, I say smile and get fresh air and think of how many things you can do with that kind of money.

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.

After reading the OP and especially about that you were having thoughts of going “all in” to win it back, I was really relieved seeing this post. I just checked your stats and indeed you have never made a single roll since than. Good job!

As for your thoughts on do you have enough money, I'd say most of us here would be more than happy to have 10% of that what you have. Don't think of making more money, but rather think of studying more and gaining more knowledge. Invest in your education and you will never regret it since the state of happiness most of us are trying to achieve depends on the level of your education and not on the amount of money you have.

The best at this time would be to take break and go out with friends or to some relatives place and get back to your life normally. It may take time but will be easier with known ones who will help you and advice for betterment and sooner the OP forgets about it and do not think much will help him to get normal in life.
 

2 things that a good gambler has/

> No Emotion ~ they don't feel excitement or regret to focus in it.

> They don't kill themselves ~ they find ways to learn from mistakes and live a lifetime to gamble in life.

Losing is part of it, but quitting isn't. You gamble money for run and adrenaline, do the same thing on coming back in your life.

smh/ I won't gamble again?/ lmao
A gambler do gamble no matter what. Life is too short to quit.

I'm very sorry for your loss. I would be angry too, but suicide doesn't fix anything. It just passes the pain to others. We all make bad decisions and suffer the consequences but life has to go on. You lost a lot of money gambling. I lost a hell of a lot of money trading. And someone else will lose half his house through divorce or for some other reason. At least you're not in debt. So many people still are, so you're still in a much better position than most people. If the urge to gamble comes back or continues, then I'd advise you to seek professional help. God bless you.

I also wanted to ask.... Are you sure that the online casino you gambled at is legit and not rogue or ripped you off? Does it have good customer reviews. I know all of that is beside the point now, but it is possible that you were scammed especially if you played at a dodgy site?

yes, it can be a bit of a relief compared to if we are always alone and feel a great regret for losing a lot of money that has been spent. going with friends to an entertainment place or to the outdoors can help reduce the level of stress that we experience a little after feeling a huge loss. avoid loneliness because it can make us more frustrated and can lead to suicide.

The pain is always there when misfortune befalls someone, I also understand what you feel, of course, don't let the decline become stopped and there is no enthusiasm in building profit in the future, indeed I speak like this is not easy What to do, just a little reminiscent of the front will always be good if it starts again by avoiding gambling, don't always take foolishness again, if it's not ready with all the capacity that is in you.

The only good advice that anyone can give you is to look for professional help, I know that many people do not want to see a psychologist for the fear of begin branded insane or something like that, but you need the help, what you are feeling is not going to go away and it is likely you will make the same mistake again with even more devastating results, someone like you that takes what it is a random event as a personal issue is going to have a lot of problems with all variants of gambling.

So you should never gamble again, it does not matter if you are gambling only one dollar, do not do it because that will open the door for this behaviour once again and I am sure that you do not want to go through the feeling of losing such a fortune in such a short amount of time.

Damn that's hard to read, although I must say I've been there myself. Not with your amounts, because I didn't get into bitcoin early, so I can't even imagine those numbers, but in terms of % of risk, based on my own bankroll I would say I lost the same and I did some crazy things.

I'm ok now, and I even got back to gamble from time to time, but I do it just for fun, and it's working for me. If you want to stay away from gambling, then I think you should, specially if you can't control yourself very well. Another thing you can do, in the future, is to create a gambling bankroll, a very small one, that you can afford to lose, and then just use that. If you feel calm with what you are risking, then you will not feel the need to recover it, if you lose it, since you are just doing for fun, and with that mindset, gambling becomes just another hobby.

It's important to look at it from another perspective. Most people would do anything to have 30BTC like you. You lost 50, that's hard and painful, but you had much more. You had the money I can only dream of. To me and to many people out there 30 Bitcoins is a fortune and you still have that fortune after everything that happened. Take that as a lesson. You will have a great party conversation starter and still enough money to throw these parties and enjoy life.

Your "perspective" should be that you are aiming too high to be happy. Happiness or financial freedom doesn't come from outside to inside, it goes out from inside to outside. If you keep thinking if you have enough money you will never be happy about the amount of money you have (which is not a bad thing if you are a greedy wall street guy who wants to hit it big but otherwise not so much) and you will be fixated upon making more and more somehow which will direct you to a bad place in your life.

If you however focus on what you have instead of what you could have than you can focus on how much you can do with it. Instead of spending on silly stuff you could invest that to something that would yield a profit as well, instead of sitting at the side it could potentially turn into something thats usefull for you. Basically focus on what you have and you will be happy, focus on what you could have and be sad about it.

I have only 5 bitcoin’s & I cherish them, I’d never gamble with them. I am HODLING them until one day maybe they reach $100,000 each. I feel for you OP but at least you still have lots of money. Don’t make the same mistakes again!

That's a good choice holding your bitcoin until the price increase to the higher price compared to gamble it for nothing. That is why if you are feeling bored you can gamble but gamble that you can afford to lose and don't gamble day by day because it can affect your life behavior that may lose more bitcoins.

Anyway, to OP sorry for your lose and I hope you learn about your mistakes.

We can not blame them for being like that I mean, Some people are not patient in waiting for bitcoin to increase they really want a fast profit that is why they try their risk on gambling, But unfortunately, the house edge always wins in the end, And the house would simply put you in a spot were you can win some in bets and when your adrenaline hits you will feel satisfied win your winnings and then when you play again in that account the house would surely take over your winnings, Gamblings just simply make you think you can profit but of course that not how it goes.

That's right. It is actually the best mindset for healthy gambling. Before starting playing with an amount imagine first what would you do if you lost it. If you don't want to even think about that possibility then you definitely shouldn't even start playing. Only if your thoughts are similar to "Okay, I'll play for 2-3 hours in this poker tournament with $1.1 buy-in because I enjoy playing poker, and if I lose I won't regret it because still had fun" you can play without fearing bad consequences.

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.

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.

It means that you have ruined your life and now you need help. Why you didn’t think about your future before losing such great money in gambling. Didn’t you know that gambling is the worst thing in the world and the consequences will always be bad? Now you should continue gambling for the rest of your life. If you have something left bet on them also. You will recover your lost money by this way.

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://bitcointalk.org/index.php?topic=5046343.0

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.

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.

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.

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.

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!

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.

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.

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

Did they check your identity prior to accepting your huge amounts of Bitcoins?

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.

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.

OP, please answer that question, it is vital.

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.
 

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.

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.

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.

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.