Bitcoin Forum

I've lost big. Over the last two or three years, I've lost 60K in total. It was almost my entire savings.
It started out with a large investment in bitcoin when the price was about 13K.
When the price dropped to below 4K, I lost all hope after waiting forever and gambled it on bitcoin gambling sites trying to triple it up, just to make my money back.
I lost that and a lot more. Never imagined it turning out this way. Especially after the price went back up.
I don't have a lot of close people to turn to nowadays. It's hard to get through each day feeling horrible. Just needed to reach out somewhere.
Sorry if this isn't the place.

Well wrong decision. You lost hope because BTC went down to $4k. Now can you see it's going towards $13k again? Current price is: 12,200 and we will see a new ATH high either end of this year or sometimes in the next one or two years. Impatience is what lose us.

Sorry that you had no clue what you did and ended up to this loss.

This is like digging up your own grave, sorry for your losses. Don't you have other things to do like a day job to get back up? I don't know what your real situation is but I would have not gambled all those satoshis.

The first mistake was to invest money you didn't actually afford to lose (not this many, not at this extent).
Second mistake was to turn to gambling as a miracle way to earn/gain money.

I'm really sorry for your loses, I know it can be difficult, I've lost at gambling myself once a bit more than I afforded, but that was a super tiny amount compared with yours. It meant obviously a hard period, but now I see it as experience. I stopped, stepped back and looked around. Hard work always pays. Get back to normal. Rely again on normally earned money. Maybe someday you get to the point you can invest a little here and there again. Crypto is high risk, can give big returns or not. Also gambling is for amounts you do afford to lose. Gambling may give big wins, but that's rare, don't rely on that.

Hey man, don't give up! Do you still gamble now or have you completely stopped?
I know it's a massive amount of money you've lost, but you can still make that money back without gambling.

Like, find something else to focus on and possibly find some help if you can't quit gambling by yourself.
It's a terrible addiction, so take care of yourself!

Perhaps start contacting the websites you played on and have them blacklist you.

Btw, you can definitely post stories like that here.

Sorry about what you went through and I would advise you to get some counselling to avoid you from getting a lot of depression as a result of the losses.
You made quite a number of mistakes which lead you to lose almost everything
You;
- Used the money which you could not afford to lose to buy bitcoins, this way emotions could easily influence your decision-making.
- Got caught up in FOMO(Fear Of Missing Out) and bought bitcoin when price was already a little higher.
- Failed to know when to sell, perhaps you thought the price would go beyond 20k so you kept your BTC until it was back to 4k.
- Let emotions get the better of you, lost hope and started gambling to try to recover the money.
- Took gambling as a source of income/profit. You should never do this when gambling otherwise you are bound to be so disappointed. IMO gambling should be a way of entertainment or passing time.

Now that it has already happened and perhaps and expensive lesson to you... It's time for you to establish yourself. It's not the end of life.
Make new targets and New goals and avoid the past mistakes.

When buying bitcoin, since you don't seem to be a day trader... i would advise you buy the deep. Buy it during that period when the market looks unattractive and sell when you reach your achievable target.

There are a lot of people like you, looking for someone to talk to, it has happened already, and you cannot take it back. It's up to you whether you would risk yourself more or not, but it was your fault. Sometimes, it's us who feels alone, but in reality, you don't notice the people who care about us, the people who give advice to us, and we ignore it. It's true, do you think you are truly alone right now? Maybe it is caused by your addiction.

It's quite common to have someone ignore everything you say to them because all their mindsets are to gambling. It can be gambling, or it could be other things, but as long as you have the mindset, you would continue not to see what's right in front of you. Better take care of yourself now and hope that you could recover.

You are in the right place to talk about it. It's much better you share it here, at least your feelings now much better since you share it with other people.
Since your problem is getting your money back because of your losses on the Bitcoin since you bought it around $13,000 and the price of Bitcoin now is almost around $13,000 which if you just hold, your loss is only a little but you gamble it.

The problem is something you gamble twice, first; you gamble on buying bitcoin and the price dropped, second; you gamble your bet on your first gamble, that's why it's super risky and look what is the result. But it's okay, maybe you are just upset because you lost the money you can't afford on gambling/investing in bitcoin.

^ Is this dollar amount? Well, sorry of your lose my friend and you are right, this is the right place where you can express your bad feelings and let us talk. In the gambling industry, you should know how to budget your money and it should have a limit where you can afford to put in risk. But I think that story will not end up of your quitting in gambling, just try again with a little amount that you can afford and do not put everything in gambling your savings. Just move on, that is all about money and you can find a way to start again even a small amount and learn of what your mistakes did.

Sorry with your losses, you did a wrong choice whilst you are still into loss.

I know how painful it is to lose that amount while looking at the price hike of bitcoin. Cheer up man, there's still a lot of chances for you to recover in some other ways.

It is a really unfortunate story, it is a fairly huge amount to loose and if you invested your life saving in bitcoin why would you loose hope when the market goes down, you never had any idea that the market will recover eventually, if you invest in bitcoin you have to learn how the market behaves rather than making emotional decisions and end up loosing everything in a gambling site. Nothing can sort your issue now if you would have asked this before gambling everything you would have got good advice.

Well, first, I think that is not good advice. A real gambler enthusiast will always be looking of the alternate way that he/she can gamble. We are in gambling discussion and I think we are in the right place to talk about this. Indeed, as I have said if you quit in gambling it will lose forever. Well, get up and move on of what you have lost, start again with a small amount and make it sure that it is not your savings and you can afford on it. Remember that once you have a loss do not chase your lose instead, stop and come back in the next day.

investing (13k usd ) that high is already a mistake imo because bitcoin can still go down a little bit more only if you can wait  . whats worst is that you arent aware that bitcoin is too volatile in which it can go down really low because what you did is you panic immediately without knowing that its only a normal event  .  another thing is that you arent patient enough to wait for the recovery of the price  . lasty , you made your big mistake when you try to  gamble your left overs thinking that you can double/tripple it  altough gambling is not bad but you should have a different mindset before you play  .

You should seek professional counseling. If it is available in your country - do it. You gambled away a lot of money and put your future in jeopardy. You have admitted it on this forum and now it is time to do it in real life. I hope you can get your life together and never do it again.

Good luck!   

It is just a mistake and the lesson you got there is much to be remembered and not to be depressed about for all your life if you can still do some work then work and know your craft. Gambling is not for you, try different ways to earn money, there are a bunch of it, take a new road to take for your life and move on.

Sorry for your lose mate, however, that would not ease the pain if you will not accept it and move on.
Everyone of us here are losing in gambling and has the risk to lose even more in the long run but what matters is we learn from our mistakes so we will not do it again. It's just money, you still can earn it, don't feel bad all the time because it might affect your health and you might lose your health that is your capital recover your loses in maybe other ways.

The only thing you can do right now is to move on. I just wonder if what is your full time job currently. You can just start saving again little by little and this time make sure not to put it in the crypto industry.

This mistake will for sure made you a smarter person right now especially in making decisions about your financial assets. Gambling again made someone's life horrible minding the fact that OP is not a gambling addict(assuming)

No, that's okay :). Though, this is not the most appropriate place for such thing but still better than nothing I guess. Besides, you can get advice and read inspirational messages here coming from your co-members.

I feel sorry for you mate, if a small investor like me feel so bad already for losing just hundreds of dollars then what more to a person like who lose thousands. I also know that I'm not in the right position to say this but let me do it to somehow boostyour confidence. When life hits you hard it is okay to mourn because that's normal, at the end of the day you are still a human — an imperfect human which can feel pain when get hurt. It's okay to get angry or to cry out loud if you want to, it will not decrease your manhood at all. However, you should think that you need to stand up because choosing to stay on the ground makes everything worse. Find your motivation once again and be better, that's the only way to become a successful person. Always keep in mind that " Success is my only motherf*cking option, failure is not" (it works for me tho) :).

That is a big mistake you've done, and now, you've got an important lesson from gambling. I hope you don't make the same mistake as before because you got terrible experience. But you don't have to give up, and you need to stand up again and trying to make money in many ways even if you should do work in your real life. I am sure that everything will be back to you and use your bad experience as a lesson for your future.

I agree with some members above, you're trying to rationalize your loss but the main reason behind that is obviously a gambling addiction. Except for few big scams, people don't lose all their savings in gamble if they are not addict. So you should consult a doctor, maybe a psychiatrist to help you. I think there are some drugs or psychotherapies that can help you to fight your addiction, don't underestimate it.

Sorry for your losses too, but blaming your mistake isn't right to do right now. I agree with some people, you must move on and try to earn money again (not in gambling definitely).
Actually waiting for bitcoin to hit 13k again isn't "waiting forever", last time bitcoin reached 13k was around Apr'18, and it back again around July'19, so you only need to wait ~1 year to get your money back if you didn't gamble it

Sometimes things didn't turn out the way we wanted to, because failures are part of our life, we can't learn if we are always right, we can't achieve success without failures, in short, if you are going to look in the bright side, failures are the one that keeps us going, what makes us keep on trying, because we knew that if we don't give up, the right time will come when we are going to have what we wanted in the first place.

Losing money is heartbreaking, yes, but if we are not going to move on and keep on agonizing and regretting what we did, we won't make a change, we'll remain broke and sad about the things in life and it is going to destroy us.

I can't imagine the feeling you're going through right now for I am not and I have not been in your shoes. Sorry for your loss. All I can say is, that's life. Life itself is gambling. It's all about taking risks without knowing the possible outcomes. But do not let your downfall hinder your upswing. There's always a way to get back up. I know it's easier said than done but take it as your drive to move on with your life, and do better the next time.

They say experience is the best teacher. I'm sure you have learned something from that. And you know what, for some reason, I have realized something, too. It's to be patient. I am well aware of the fact that bitcoin is prone to volatility. I'm sure all of us know that. So, it may go up or down any minute, or any hour, at any day. I also get disheartened when btc's price goes down. But as a btc holder, I always remind myself that, "It'll go up again."

This may not be the perfect place to let your feelings out, but you'll surely find something here to make you feel better. All is well.

What I can say is that there isn't any easy way out. If you aren't determined to quit for good then you're just screwed, plain and simple.

There really isn't an option for you.

It's good that you have recognised this problem and are trying to speak out publicly about rectifying it potentially. But that doesn't mean crap if you don't do anything about it.

Occupy your time with something meaningful. Gambling urges come when you have nothing to do. Also, get out of the mindset that money is going to come quick. Every cent needs to be earned, and money which comes from sheer and pure luck will never last. Realise that.

If you gamble because of the social aspects of the "community", find some irl friends.

That is very unfortunate, but a beginner without a mentor will not know where he should go when he is new to bitcoin. All they know is to try to buy at that time and wait until bitcoin rises, but because they don't know how the market moves, they suffer losses.

I understand this is our problem here, where beginners don't have a guide and don't know where they should go. Education is very important here, so we must guide them to the right path so that no bad people make use of these beginners.

OP experience can encourage us who are already proficient to educate the newbies who will come so that there are no more casualties. Well, although losses cannot be avoided, at least we reduce them by educating them.


Well, there's a point, hopefully the OP will take valuable experience from this incident. And it is true that the experience is the best teacher but it is better if the beginners have a mentor to reduce losses in their investment.

Could you please share how did you get $60k ? I mean it is time for doing that again to earn $600k; Yes, the 10 times of your lost money. Never give up or get frustrated. Just think about what you need to do and never turn back to gambling as it will never help you to earn nor to recover.

Just forget about gambling and your $60k. But, just try to repeat the process of how you made $60. Because, that would be the easiest way to recover your losses and to multiply your savings. You should have waited for the bitcoin prices to recover and I like to suggest you to keep investing in bitcoins as bitcoin price may hit one million levels by 2020 or 2021. Keep earning and keep saving in bitcoins. You can easily recover your losses.

If you are something like asking for help sorry but we all have priorities in life and since you gambled that what you have said as Your all savings I think it will take you a longer time to recover

But in one point you admire me from being honest and also you have been a good example for the community that never lose hope for the currency we are holding most specially if this is bitcoin because as like you’ve said the price today got pump again years after you risk those bitcoin of yours to gambling

Don’t worry even if you had lost money still you give hope to others that is having same as what you are these days

Life keep teaching lessons,sometimes it cost a lot even entire life savings as well but take this as lesson and learn how these things works.Patience is much needed thing to make money if you just go and want to make money on th same day then we will probably end with making nothing.I faced the same kind of situation on business but now managed to recover my life back using crypto investments so you still can make your life with what you have left.

There are a lot of helpful, kind, friendly people here. Let me tell you my advice.

You can’t change the past, what you’ve told us makes me sad but in life you can’t change things in the past. It may make you feel terrible but you have to concentrate on & focus on the present & the future. Learn from your mistakes, don’t repeat them. Do what makes you happy, surround yourself with people that make you feel good.
Things will get better, time heals the mind & soul.

I wish you the best of luck OP.

I think the OP can move on, but sometimes its better if you can vent it all after losing big time. Well, I'm also in a losing streak right now, feels very sad but as you have said time to move on and forget everything. So I guess I need to go on a hiatus for the next two months, specially that the price of bitcoin is increasing, its not going to be easy to lost .1 - 1 BTC.

Sorry to hear that mate, I think you take a big risk here so I guess you have to pay for it. Not rubbing it in, and I do hope that you learn a very hard and expensive lesson that gambling is not the solution to recover what you have lost in your invested, on the contrary it make it worst.

And I'm sure majority of investors or gamblers here have been in your position one time or another. It's really a painful experience, but that it life and you need to face the consequence and just focus on the future. So best of luck to you!!!

With the experience you provided. Surely I will make learning for the future. When I want to invest or gamble, I have to think about everything seriously. So that nothing happens the same as you. You can still survive.

I know that feeling my friend, when we try to recover the lost and we don't care if we lose all, it comes with depression and feels terrible... The best thing to do is to get away from gambling and start saving money again. Is hard to start from zero but sometimes the best thing to do is to accept de loss and don't look back. Just take it as a lesson, was a hard way to learn.

In my opinion, this should experience should become a lesson for you when you didn't make it to the wave of movement for Bitcoin and have lost the initial amount of money when the price went to 13k to 14k Price, You should hold it instead, And as another wrong thing you did it to gamble the remaining value of it to Bitcoin Gambling site without checking or researching first of what might happen next, but I guess that you have experienced it first hand and now that you know that there are forum site that would sure gladly help you not financially but as a thing of advice and speculation for the next big thing about the movement of bitcoin you can sure turn to us, You can sure treat this community as a family.

It is hard to see those losses mate, your first loss if when the time that the price drops and it aggravated by your wants to make a comeback thru gambling  that might be the easiest way making profit and also that is also the fastest way to lose your money. Well that is life there are lots of gambler there who loss more than your loss you better move on and make new beginning.

Sad to hear it out mate and i would say why you have consider gambling to be an option to recover losses rather than on doing trades?
Its really a very wrong decision for someone to gamble just because they do like to recover on what they have lost on their investment.
Gambling can possibly give it but its high risk yet we know that this is a game of chance.If chances turns out on different way then you do know that
results would be different on what you do expect and makes your problem even more worst.

A day is coming when Bitcoin will be trade above $100,000 and it is not far from now again. I really think you did not invest your capital rather you gamble with the capital. Buying bitcoin and holding is the best ways to trade bitcoin but you must be patience enough to make it big. How many years you could have hold and you could have made it big if bitcoin grow above $50,000 or so.

You’ve got the point there mate since there are lots of things to do while waiting for the price of bitcoin to grow.and I don’t get the idea that he invested in bitcoin around 13k value but not willing to wait for bullrun.and he said that he bought over last 2-3 years ago but 2-3 years ago but the highest value of Bitcoin ever recorded happens almost two years ago.if he tells the truth here then he must be in profit last December 2017 right?sorry but I’m just confuse about the story

Sorry for your loss but I fail to process how you can lose 60k if you're gambling smart on provably gamble sites, I can gurantee you gambled on rigged sites, and got greedy, when you could've just made 100-200 dollars for the rest of your life. You definitley dug your own grave.

You have expressed every feeling that a guy would feel after losing their capital in the 2018-19 dugout drama while watching the entire crypto market being crashed and trying to recover. I'm not sorry for your loss as it was a false choice to go gamble because Bitcoin investment needs patience and holding power but you gambled them without believing in BTC and it costed you more than your capital loss alone, you lost everything - your friends, your closed ones, your relatives, etc.

It is not surprising to see someone lost $60k in gambling.  There are more people that lost way more than this amount.  Once you are hooked in playing,there is no stopping.  Many gambler fell into this category thus they became addicted to it.  Aside from that probably due to the desperation of OP and coupled with fallacies of gambling, thinking that he might win on the next roll..and keep chasing losses.  The result is devastating loss of $60k.

It's fine to think how much you have lost since then but don't take that as the reason why you shouldn't move on. You are not the only one who experienced that so be thankful that "you are still here" in the world and not give up.

You already made a mistake by chasing all your losses via gambling. Tomorrow will never end. You can get back to the game anytime.

Hope your experience will make you a better person in the future starting today. Goodluck.

It is good that you acknowledge that you have made a big mistake  in your life,all human beings make mistakes.The unfortunate thing is that you didn't stop when you were losing big and your intention to triple your money was the origin of all this happenings.
Time is the best of healers so only time can cure how you feel now.

Exactly, but that's why most gamblers that have large sums of money are more greedy than as otherwise because they figure they have 60k what else bad could have with that of a bank roll.

you can literally make 100 dollars everyday that rest of your life and be happy with that, but as like i said people get dumb real quick with a bank roll.

You had one job bruh.

You should have hodled... It doesn't even take any effort. All you had to do was to forget that you owned bitcoins...

Be careful, that's not the end. Don't make any more mistakes from now on. If you feel like shit right now, you would probably want to suicide next year when btc hits, $100k.

Go take some professional help If you are in a bad shape and start over. Don't repeat the same mistakes.

Sad story, but that's gambling.
You should expect that you are going to lose your money in gambling.
Don't get stressed, you learnt from your mistakes and you can move on... Life continues...

Desperate moves come from a desperate decision.

Never ever do that again if you are too desperate for something to come back, you will only suffer more if you are too desperate for what you think is the result. Gambling is not the place to take back for your lost money, you have to deal it with a lot of patience if you are in the crypto world. Everything here is all about patience and the one who loses patience first will lose. I feel sorry for your loss OP, you should've learned from your mistake this time. I hope so.

Your a strong person for posting this here and we all wish you well in your life.

There is always a huge risk for traders to take if they wish to trade bitcoin and earn a profit from the crypto-currencies trading market. After reading the OP story, I think he should have just hold on to all his bitcoins in the first place rather than trying to gamble all the bitcoins on a bitcoin casino with the hope of recovering his losses from the trading market. It is because the OP would still be holding the same amount of bitcoins in his bitcoin wallet if he never try to gamble with all his bitcoins on a bitcoin casino, I believe it is better to wait for the values of bitcoin to rise up again rather than taking the risk in gambling.

There are other gamblers that experienced much worst to yours. They lose not just big money but family, friends, and everything.

That's a total wrecked in reality and imagine how come we can start again on our life at that status.

But those gamblers learned to challenge the difficulties of life and now able to survive. Most of them are currently on the right track now.

Show the world that you will rise soon. Take that as your goal.

Bruh, He just using his entire money if you were her you could be stressful.  It's just like "Life or Death", I think he just got wrong option to try multiple his crypto asset.

Anyway, hope @OP can start from the beginning. Right now you must build your asset first, did you have a job or something, the best way to avoid first an investment option try to make your asset from your real-life maybe a jobs/business.

If your capital financial already in good condition, you can try to invest in something like stock, cryptocurrency or forex. But just remember, this its gonna be a lesson for you, not using all your money to make an investment.

Aww. Sorry for your loss. You see, you knew the risk and you took it. Unfortunately it did not favor you. To be honest, you lost patience and this is what that has killed you. You shouldn't have looked at the values. Remember, you have the same amount of coins if the price rises. You also will have the same amount of coins if the price falls. As long as you didn't sell anything, you haven't made a loss.
Hope you somehow manage to recover!

Well, I have to give my sympathy to you mate. I know it's getting hard to take such loss and move on but we have to.
Crypto investment never just have a piece of luck but also it needs timing, and I'll be seeing that you are in the wrong timing when you are started to invest in here. That is meanly we need to understand and you can just recover your losses if you can patiently wait for the price to bounce back.

Sorry to hear that OP. Hope you recover it soon, but gamble just what you can loose, this is the 1st. principle.

It is sad moment for the OP. He never knew that this will happen. Bitcoin is a volatile coin and anytime it fluctuates. If you are a weak hand, you will lose a lot. Specially if you bought at the middle or highs of bitcoin. Anyway, you can regain it again by having a perfect execution and timing in bitcoin trading. Just be careful with entering and existing to the market because crypto trading is very dangerous if you are a newbie.

Sorry for your losses; patience is an extremely important concept in trading, and from what you've posted it seems like you didn't have the patience to hold through or cut losses early even when you were deep underwater. Best thing you can really do from this point on is just take what you've learned from this experience and move forwards from it. Trading's a rough game, and most people I know that have been even moderately successful trading had to pay a price one way or another for the knowledge and experience they now have.

I would also suggest getting professional counseling if possible.

When you gamble to recoup your losses it's already a worst thing you can do. You can't change the past, so it's best idea to learn from the mistakes and move on.

Give it some time, every feeling must pass! Meanwhile, concentrate on other hobbies to divert you mind from it.

Hey all. Thanks for all the responses.

I just wanted to clarify. I bought into bitcoin very early in 2018, on the way down from it's peak.

I did have some smaller gambling losses in 2017, but not using bitcoins. It was not nearly as much as what I invested in 2018 and gambled in 2019.

I do have a solid career and will be able to bounce back financially after some years. Mentally, it is very tough thinking about how much time I have set myself back.

It is always in the back of my mind. It makes life feel very different.

Again, thanks for all the responses. I did not expect so many.

I've encountered the same scenario, out of frustration deposited the fund of six ethereum that I was holding for a long term profit got vanished on 2nd August. That was my biggest savings, and I never point gambling sites were bad. I won two ethereum risking for a long, but I was not clear with the exit.

It's not too late, mate. If you were able to buy a good amount of Bitcoin at $13K in the past, you can afford it more today because the price is only around $11,500. You may start buying today with what is left from your savings. You said you only lost almost your entire savings.

I have heard an aphorism that goes like either you made the right thing or you have learned a lesson. It is rather sad though that most lessons in life have to be learned in a negative way. But I hope you have learned something very precious from it. Not just you but also me and a lot of the people in this community.

I guess you need to trim down on your emotion. It has obviously played a major role both in your reaction to the bear market and the decision to just gamble it away.

Well, sad to say that you've faced that lost of huge amount dude, in fact, that amount you've lost was a million total here in my country.
Maybe you lost because the way you did was definitely wrong I guess, isn't right? But I know you can overcome this circumstances and can move  forward for sure in the end.

You have a good stand while at your loss. There were gamblers before that expressed their sad story of losing here but they don't know what to do and they don't have a solid career to lean on for their recovery.

You seem to be intelligent and you have accepted your loss already, good luck in your future.

Being an FOMO is really bad indeed and i do understand what are you feeling about it and unfortunately you have no patience to wait the price until recover back and move away to find another way to get your money back but the biggest mistakes from you why you putting all of your rest of money in gambling because there is no exact profit in gambling results and clearly wrong if you consider gambling is the best way to earning money

This is one problem if you have many money. You find anything that you can invest your money with and you forget about the knowledge you need.

You threw your money into Bitcoin and didn't trusted it :D. Another mistake. You threw your money and not knowing that Bitcoin can go up anytime at that time and you didn't trust it so that is the consequences you faced.

If I'm in your situation, I will find also a place where I can say what I'm feeling. I didn't experience what you have experience but I know how you are feeling right now but it is part of the learning. Now I think you have learned from your mistakes and you know what will do next time :).

i dont think its a wrong decision  . he only do what he can to earn and to recover his money but he is just in a badluck  . besides what happened to op do also happened to us  .

we can  .  some gamblers are profiting from it  and it cant also turn you into an addict as long as you have a control on yourself  .

he is on the right mind i think but like i said earlier , he was only in a bad luck that time so trying again can be a good idea  . if not then its time to move on and look for any good alternative

Regrets are always in the end, sorry for your loss its a huge money indeed.

Investing in btc seems easy but the emotion that triggered you to do the wrong decision led you to what you are now. Sometimes we thought we can double or triple our money in gambling but thats wrong instead we can lose everything.

You learned your lesson the hard way, but it happened already what you can do is to move on because you can still earn that money by working hard.

I can’t blame him for this decision, the only mistake was to put the money into gambling. Majority of us didn’t envisage bitcoin would bounce back so soon, when it went down to 4k I was particularly very discouraged. Even though I trusted bitcoin so well and knew it was just a phase and would definitely go up but the need to get money would not allow patience prevail. I also withdrew mine for other business that wasn’t so much profitable but I still have regrets and just see what bitcoin is now.

What I have seen with bitcoin is, it requires a lot of patience.  I don’t think Bitcoin is for everyone, those who do not have the understanding will keep on making mistakes like the OP and me.

I think it is time to stop for now and get your thoughts together and start building yourself up again up to the moment you feel
confident again. and if you ever fell to the same situation again atleast now you know the steps to rise from again and continue
your life as you see fit.

What kind of due diligence do you refer to?

And more importantly, whatever it might be, I'm not sure if it could tell you that the price first would rise to almost 20k and then crash to nearly 3k. Bitcoin is a speculative asset, its price is determined by a host of random factors independent of each other and which have nothing to do with what due diligence typically deals with. If anything, due "due diligence" would tell you that you should stay away from Bitcoin altogether as its price is totally unpredictable and can truly be any, like 10k today and 1k tomorrow. That's my opinion


Well, trading is not gambling so OP should stick to either of the two. As a matter of fact, he should have stuck to his guns with trading


If OP doesn't have the mentality (mindset) of a trader (which he obviously hasn't), he may better stay away from cryptocurrencies. This market is not for the weak-hearted

Lol. We learn from mistakes yes, but most of the time, gambling mistakes repeat themselves. You commit a mistake, you lose money, then you try again.  I don't think there's much of a lesson learned there. If you don't get yourself out of this cycle, then pretty much you're bound to commit the same mistakes repeatedly.

It makes no sense at all...if that is a continuous, better not to gamble anymore or you are just throwing your money. Losing every time we gamble is something alarming and I don't know if there is a place for us in gambling or we just let it happen. Isn't a common mistake and it could be learning for us if we stop doing this before we totally get nothing.

$60k, that’s really huge amount of money and I feel your pains. Sorry about the loss bro, I hope you will recover ad learn from your mistakes. There is only lesson from this, no matter how bad Bitcoin falls, the hope of getting back is sure and better than gambling. You thought you could rescue bitcoin loss by gambling but that was a very bad decision. Bitcoin is even in the best position to save gambling in terms of loses.

This is actually a very good place to pour out your feelings and I can assure you are at the right place. We feel your pains and I can only imagine what you are going through but like they say a living dog is better than a dead lion, be grateful that you are still alive and have the ability to share your story, that means open doors and more opportunities will come your ways soon just be careful not to repeat this mistakes again.

Anyone can fall into your condition if they face a bad experience like that. Indeed, we can be panic when we realize that our investment has dropped significantly in price. And choosing gambling as a way to recover our losses is not the best way because we can fall even deeper because gambling while we have a bad mood will be very bad. Sorry for your loss tho!

Such is life, we win some and lose some. You just have to learn from your mistakes and move on. There is still brighter opportunities ahead, you never know what the future holds for you. So far as we have health and life, just remain focus and you can  win big time although you have lost big time now.

Perhaps the purpose of due diligence is the ability to analyze, indeed most people rarely do complex analysis when they want to buy a crypto asset. And I agree with you that there are many random factors that might complicate the due diligence, but at least with due diligence we have an idea of how prices will move even if it is not entirely accurate. Due diligence is good enough rather than just relying on news, tipsters, and any strategies that are not analyzed themselves in a complex way.

I hate reading this kind of post, people are pinning all their hopes to Bitcoin, hoping that they will make a huge income from their investment because they believe what experts are feeding new investors coming in the market, what's more, disappointing from your bad experience is trying to make out more from what's left in your investment by turning to gambling.

Yours is a classic story of wanting to make a profit in a short period time, you've tried it on Bitcoin then turned to gamble and you lose,you failed to analyze that Bitcoin will go up again, you don't deserve insult, it's adding salt to a wound,.

It's hard to get up from your situation but at least you are not losing hope I hope you can find a friend who will lead you out of this unfortunate event in your life.

I feel very sorry for you, we know that gambling can be very addicted.
I hope you can recover soon, its good that you post this, hopefully it can help others to not do the same mistakes.

We promote gambling our self, but we try to be very clear in our communication that gambling is suppose to be fun and never ever play for more money or crypto than you can afford to loose.

Stay away form gambling now and get back on track! Wish you all the best!

I'm sorry for your loss OP. I've also experienced what you are going through right now. But just move on, you still wake up everyday so there's still reason for you to keep going on. Cheer up and find other things to be busy. All of us experience failure, I think that what makes us human.

So, you've been into bitcoins for at least 3 years and this is the first time you've talked about this? Anyway, yes it does suck but if it happened that you still have some left, keep it and wait for a coming ath, sell at that cost AND then hold till prices get low again. Rinse, repeat.

That was such a huge amount, you can live comfortably for the rest of your life here in our country, you could have extended your waiting for the price to get better, but you opted to turn to gamble, but there's really not much hope in gambling, it's for entertainment only, not something you will pour your life savings.

The best thing for you right now is you did not lose it all, you still have your life, somewhere out there-a man like you lose his entire savings either kill someone or kill themselves. Be thankful, this moment of your life teaches you how to be strong, fight it if you are a man, everything happens for a reason, I can't blame you for not holding your bitcoins and instead gamble it, you had your reasons. I believe we lose only if we are dead, and was a failure before that, not trying to stand up and doing nothing at all.

This is a very nice motivational write-up and hope op is still around to read this! We all makes mistake and mistakes are also very valuable because it is through it that nature past instructions into our life. Many people bought bitcoin when it was above $10,000 in January 2018, and Bitcoin went down to $3,200 and because of experienced they were still holding with the hope that it is going to recover and it has recovered. @op should learned from this great mistake and move on with life.

It's hard to explain this to your family, you busted it with two very wrong decision, you did not want long enough for the market to recover, and you turn to gamble to recover your losses, these two are a big no-no in Cryptocurrency, I hope your family will forgive you with this, it's hard to live on this.

Asking for aplogize won't change anything so he/she need to concentrate on the investment strategies.If he have some money spare then it can be used to recover the losses due to the recent bullish trend on cryptos.

That has little to do with gambling as such

It is the same story as with any other activity in life because people don't make mistakes once, it is typically twice, thrice and many more times. And no, people don't learn from their mistakes since if they did, they wouldn't make them again, right? To stop making the same mistakes repeatedly requires a lot of conscious and strenuous effort far beyond what common people are capable of. It is basically about rewiring your neural circuits which you can't control directly simply because they are what is known as you and yourself

Chasing a lose while he can't move on his previous lost is not a good advise here, let us give him good advice because that is not easy to forget. However, Op can divert himself to another activity like watching sports betting or take a rest together with his family. Just like having a family bonding with them. That is the best cure for almost getting depressed about the result of being a loss. Imagine, the entire savings was lost but that is the only money you can find another way to replace what you have lost and ACCEPT the fact.

I know what you feel when the price dropped too much after you bought it but you did make a wrong decision. Actually you can just hold it or trade it to gain some profit and you may recover what you lost because of the price drop.
You decided to gamble it to recover but unfortunately you were unlucky on gambling. Bear in mind, dont use gambling as a way to make money. Dont try to chase your lost on investment by gambling.

Making gambling as one of your options to recover on what you have lost will just worsen up the entire situation.

We know the risk on gambling and it isn't worth for it to be included on our last resort.Sometimes our panic and emotions do lead
us into wrong decisions just like this one.Selling out to panic and making gambling as an option for recovery? A very big mistake to take.

OP is probably a noob who didn't take his/her time to learn and research how trading works. Inexperienced traders normally should start small until they learn how to trade properly.
Adults don't usually make this terrible mistakes to be honest.
I think you should try and start again... It's is not the end of the world. We all make terrible mistakes. What matter is how you recover from the mistake. Wish good luck.

Sorry for your loss but do not apply greed in gambling, always gamble with what you can afford to lose, it's a norm all gamblers know about.  Start small, then use funds from your wins to continue.  Also, do not gamble constantly because you want to recover all your loss, with that mindset, you keep losing. 

Lack of self control. That is the problem why he lost many money in gambling. I know some of the gamblers who are gambling wants to get their money back if they lost and this leads to a continuous lose of money. Its a common mistake to do revenge trading but you can't blame them because that is how they think. Let them be.

Greediness is what make OP lose such amount of money land that could have happened to anybody irrespective of their strategies in the world of gambling, shun greediness and be rest assure to make profits at the end. Even in trade, shun greediness as this can cause more damage than you think.

How is trading connected to that?
OP states that he lost on gambling. And there is not any guide on how to gamble. The only rule is not to risk all your money and not to gamble money you cannot afford to pay.
He didn't follow this golden rule and he is lost now.

The feeling is really horrible every day, it's like you won a lottery but the ticket was destroyed, but it's nice for you to post your story here, it's very depressing but at least many will learn and take the lessons coming from your experience, investing in Cryptocurrency is really very risky but investing in gambling is ten times the risk.

I hope you are ok, it's hard to be after experiencing two bad decisions that cause you such a huge amount, don't you have a financial advisor to give you a piece of sound advice when facing this kind of situation, they are not cheap but it will save you thousands of dollars.
People who are investing a huge amount in a volatile market should consult a financial advisor, they spend years just to save other people's money from bad investment decisions.

At least I can deny to some people who argue that investing on bitcoin is close to gambling. The price of bitcoin is really made its investor be caught in a snare, yeah I really passed it with many confusing to make a decision. I came across and I started investing on 2017 ago when its price was $15.000 and I was tried to bought it with the target if bitcoin reach $25.000 I'll sell it buy it never happen the price just fallen down and me to wait a long time till I made a decision to sell it with a lost situation.

In your case I really deplore when you choose a gambling place to replace your loses when investing in bitcoin. I can't imagine it, even you brave to took another capital in your saving money to recover your loses. But I don't think you made it because you find a fail continuously, there is a time you won a huge betting but you just continue to play and forget bad things to happen. Made this thing is an experience for you to face any situation in the future in your life, and also this is a learning for me/us in order to remember that there is no way to gain money through an easy way.

For me, that's the gambling world works its either you win or lose and to your situation you loss almost of your saving and investment, but imagine what if you won? Would you stop and take the profit or continue until losing all your money. Two-three years in gambling and end up losing all saving is really frustrating; you must see the other picture that over those days you enjoy playing, gaining skills and learn much available lesson that doesn't spend all your money in your addiction and focus on your future. You can't take back your money, but in the second chance you have, I'm sure that you can earn more than you lose. :)

one thing that is very important is "patience", a misstep in making a decision can make you regret it for life.

I also had a hard time when the price of Bitcoin dropped to $ 4k, at that time I was eager to sell my coins because I was afraid the price of Bitcoin dropped again. but luckily I didn't do that, I have little confidence that the price of Bitcoin will go up.. it is proven that currently, the price of Bitcoin is rising again from December 2018 which only costs $ 4k  ;D

It is really a sad thing that's why we need to be very careful in everything especially after the betting I cannot change anything so my opinion is to make everything to be calm and composed then only you can do better in the betting also candidate will save your life in sometime

Betting on games on where you do know the most is a must but people do really likes to discover things which they aren't familiar on.

Which in result of having higher losing rate than playing into games which he do know the most.Good risk management is always been suggested but most people do fail to do so.

In my opinion, I think there are usually a lot of gamblers or traders who are unable to control their greediness when they are making money from either gambling or trading, it is also not an easy task for human to control their greediness for more profit from gambling or trading as emotion would usually take over a person mind, I guess it is truly not an easy feat to become rich either from gambling or trading.

Indeed this is not the first time we are in crypto and are investing I know some people lose money at beginning but with time they use to learn we actually lose because of being greedy and wanting quick profit. Making mistake is not big deal but we should learn from it as much as we can. Patience and keep learning is best tool to win in crypto.

op didn't know how to be calm and hold bitcoin and didn't know how bitcoin risky in times of price falling down, and they lose hope and their prostration to get back loses during the bear market they try to bet in the gamble but suddenly lose their all investment. I play gamble but isn't the key to recover loses, trust and patience is the best key to recover our bitcoin investment. Anyway this a lesson learn from the op experience how to handle well their coins next he buy.

Always be careful especially in gambling because gambling can change your life either positively or negatively. OP must learn how to control yourself when it comes to gambling because lack of self control makes you regret in the end. This is what happened to you OP, even you know that you are losing you still gamble until most of your funds have been lost. Learn how to stop when you need to.

The bad thing about gambling is that people never understand how to win in gambling. Some people lose initially and other start with good wins but lose in the long run. The purpose of gambling is to remain in overall profit because we cannot control the loses which will definitely come in between.
Few tips which are shared many times like never go all in, never play/bet big amount in a single game even if you are sure about the game result.

We can never be sure upfront about the result. the only scenario what i can think of are the 1.01 payout bets, it wont make sense to not play big bets if you are aiming of the smaller gains. 

There is a popular say on this forum that giea like this " invest whatbyoubcan afford to loose", this also include gambling, possibly because you aren't aware of this was the reason behind your lost. Although there is a possibility of you be greedy that makes you to lose, lesson, before gambling ensure you set your limit and whenever you hit the limit then stop and quit for the day.

Your experience is typical like someone who couldn't invest what he can afford to lose. Investing at $13,000 and it nose down to $4,000 is quite pitiable.
Investing in cheap but real project altcoins would have been better. That's why we don't need to invest in a single coin.

I commend how you hit the nail on the head without bending words. Frankly, greed is the enemy of all gamblers but we do not like to agree to this. If I can never blame any gambling site for any loss because I know deep down within me that I made a vital greedy mistake at some point that led to the loss.

This is exactly what happened to the OP, there was a privilege to make withdrawal, but greed will always tell us to play again and unluckily, that replay might be the road to losses. Gambling requires a lot of contentment. Not until we appreciate the 1 dollars in gambling, we would keep on loosing 100 dollars for refusing to appreciate the little. This is gambling world for you.

You're about weak hand and impatience which lead to huge number losses during the previous crypto market correction but the major problem the OP had is not knowing the basic steps in making a profit in both crypto invest and gambling cause the major law of gambling is never gambling to recover losses which I did but I hope he now make adequate research to have the required knowledge.

He was shocked because he barely knows or understands how volatile  the crypto market could be  and how to cut losses

That's not greed buddy. A wise man once said "man which have no knowledge of his doing is dangerous to himself" because he can easily destroy himself and the people around him.
The OP is one of those who don't know what crypto investment and gambling entail.

Yeah, it is easy to be wise after the event

But let's try walking in OP's shoes for a moment. Bitcoin lost two thirds of its price (i.e. of the price at which OP bought his coins) with the overall market sentiment being monumentally pessimistic, while some "analysts" predicting Bitcoin should crash below 1k in a couple of months if not weeks. So from this perspective, he had essentially nothing to lose as he probably felt that Bitcoin was set to fall lower but if he had luck on his side, he would have gotten back his investment (in dollar terms)

I don't necessarily say or imply that it was not a rash act in itself as it certainly was (in hindsight, of course), but if we consider the possibility that Bitcoin was actually to lose another 90% of its remaining value (I mean, for real), that move kinda makes sense

Investing in cryptocurrency is not even that risky, the problem is that we do not really understand the market. Those who do, are daily making money. Imagine knowing when the bitcoin price is very down and we purchase and wait till it grows up again, then definitely we would  make profit, but the mistake is buying when its high and then having to wait for a long time for it to balance up. But some gamblers understand the market very well, they know when an increase or decrease is being caused by whales and they know when to hold on, this people make money.

Gambling on the other hand is not even a good place to make investment, Not even by playing or direct investment since there’s possibility of the site crashing someday.

Many people loss in gambling over time. There are infinite stories where people come in gambling with the hope of earning but leave it empty handed.You should have known by now that gambling is the most risky game.



Even the odds of 1.01 are risky because sometimes even a 100% easy bet fails and in that case all our money is lost. There is no point in betting with only 1.01% percent profit.

If you didn’t experience this fo sure you will not realize and value the money that you spent in gambling,this amount is large just to risk in gambling .my sympathy is on you mate for this losses but you must take this as stepping stone to start a new life
Make this as a beginning and never get into gambling again.find a life outside that area because this will only burden you like what you have felt right now

I think every gambler should face some big loss in the beginning of his gambling career to get some experience which can help them in two ways.
Firstly they will never invest big amount again in gambling and only gamble with the small amount which they think they can afford to lose. Secondly they will come to know that gambling is not a reliable source of income and they should have something else (Work/ Business) to keep their daily life moving.

I've too lost 90% of my investment in one coin or other and lastly in gambling. But I haven't gave up. I have now bet my holding on two coins and both of them are performing well for last two months. I plan to increase my investment from the saving of my day job. I need to have a good stock before my wedding next year.

He's not thinking about his/her future so he/she ended up like that. We should use our intellectual minds on making decisions so we can't end up losing even that losing was a common thing in gambling. He should divide her/his money to sustain his/her wonderful life. 60k was a huge money and many people can eat because of that. I hope this post must serve as an advice for all of us.

When it comes to financial capacity then there would be no equality to that.We do see there are people who do bet bigtime and loss all of it and we do say that its already a big amount of money but we wouldnt know if those money is big for them? since they do have lots of it. Life is never been balanced- Some people are rich and majority are dong and come to think that we do live on different country that had respective different value of currencies.

That's a wrong move. When you invested at a higher price then you shouldn't take away your patience and wait until it pumped at least the price today or last week that reached $12k. $1000 deficit amount is better than losing all your funds because of your wrong thinking that you can manage to doubled it when you gamble.

Well, the damage has been done. Move on, try to learn from your mistakes and try to recover it by trading again and not with the gambling since I can sense you aren't that type of an expert gambler. Sorry for my word.

Oh, man! I feel sorry for you. I really am. $60,000 is such a huge amount to just waste in gambling. That amount is already an impossible wealth to make for many of us in my country. I hope you will recover and make new savings. Your situation makes me realize that gambling and frustration are the best recipe for a failure. You said you lost hope waiting for BTC to rise and so out of it you decided to gamble. In the end, you have nothing. You and me and many more will get a lesson from this.

Only with move on you can survive from your losses, and you will learn something from the mistake. Never mind if you cannot become an expert gambler, because you will become a success other things as long as you want to try.

Losing in the gambling game was normal, but the problem is, can we learn from the loss so we can stand up for the other day? Many gamblers cannot accept they're lost, and they still gambling on the other day because they want to get their money back. That will not be possible because we can get another loss in the future if we don't realize it.

Yes, that is a very popular slogan on this forum but it’s just so unfair that it falls into deaf ears. How they put in all their life’s savings into an investment is one thing I am yet to understand. I can’t put in all my money into any kind of business, let alone gambling. Everyone know that gambling is all about uncertainty, so how can the OP withdraw money from Bitcoin to try gambling, this is like moving from a frying pan to direct fire lol.

Bitcoin is volatile and not 100% risk free but it’s safer to keep money here than gambling. That you see bitcoin down is not a good reason to try gambling. That was a very terrible mistake. Well the action is done already and we can’t start putting blames on the OP but I believe he has learnt so many lessons from this.

I am very sure this particular OP has learnt , once you see a gambler that is able to share his lost story be rest assured that that particular player has learnt the hard way and would never repeat the mistake again if opportune to play again. I knew this from my experience, just like the OP, I lost literally everything I ever saved for all my life, I thought that would be the end of my life but thank God for friends and families that helped me to get back on my feet. I at first ran away from gambling and everything that relates to it. But I noticed I wasn’t completely healed, but suddenly I knew it all gone and I started to talk about my experience.

Today I am back to gambling and I have learnt never to think of recovering a loss. That mistake was terrible and I don’t ever want to see myself in that position anymore.

That is exactly right, we have to somehow understand why only few people succeeded as a gambler. Greed is one of the hardest emotion that a human could control aside from lust and pride. It is pretty common for even a professional gambler not to be able to control their greed in some occasions. They just somehow manage to make an epic comeback and can overcome those odds. While on the other hand, us which is not a professional one gets burried more

Greedness has been the more reason why people do lose in gambling and investments. It is a very bad spirit and very few can control it. I have been trading and gambling and two things that has made me to make loses are greed and impatience. If you can get control over these two you will succeed in both gambling and trading!

I hope it’s true that the OP has learnt from his mistake but many at times, players repeat same mistake even after admitting. Gambling is a mystery that is yet to be unveiled, it is better not to start at all because calling it a quit is always very difficult. The OP might just be remorseful for the moment, just give him an opportunity to get money and the next thought that would come to him will be on how to recover the lost money. That is the sad thing.

There are a lot of lessons to be learnt from his story especially to those who have never had this experience. First of all is to learn how to be patient, I think the impatience with Bitcoin was what led him to gambling and lastly which is most importantly, is to avoid gambling like a plague because it’s destructive in the end.

Sorry mate but I don’t agree on that,it’s ok that we lose sometimes but with “Big Amount”?this is not necessary because we can atleast lose small amount to learn our mistakes.what OP did is against the etiquette of gambler because he abused his capacity and play with no other intentions just to win and no other option,but it’s good that he learnt his lesson and sure won’t do another stupid action like this again

Losing big amounts wont really be that necessary for us to learn.Mistakes cant be avoided because greed is the primary thing will put up on our minds specially when we are dealing already with money.Its part of human nature to react and to think to make ourselves rich with it thats why we do decide to play without moderation which in result on losing big time if you didnt able to stop yourself midway.

Greed and also misplaced priority, because someone that has such amount of money would have just gone for business straight and you would not imagine how much he would have turned such money into, if he had gone into buying and selling of things.

Presently now, I have approached my bank to give me a loan for a business I want to do which would be to the tune of $10000, and this business is enough to yield me about$5000 profit at the end of the year, so what more do I need then that what I would get form a business where I would still be able to get my capital back. I don’t usually have much pity for gamblers who do not use their sense to do what they are doing, if you are playing out of love, and then they will know how to control the money that they use.

That is a disheartening story but there is a lot that can be learned from this.

1. Only gamble what you can afford to lose. I know this is repeated a lot but this story shows why, if you do not follow that advice you will lose everything.

2. There is not such a thing as holding bitcoin for too long. The OP did this because he was desperate about the money he was losing while holding bitcoin, but if he had held to this day and sold at the very top of the current recovery he could have recovered everything that he lost.

3. Only gamble for fun and not for profit. Many have the idea that you can make a quick profit by gambling but as we know most likely it is a quick way to lose money if you let greed take control of you.

I came here ready to troll a troll but I feel like you are sincere about it and not a troll... I'm really sorry for your loss :(
I used to be feeling bad every time I was losing like 50€ in the stock market, so I don't know how it is to have lost so much.

Well, money is an illusion after all, just paper. They offer the illusion of security and happiness, but the truth is that they can't buy you either.
Sure, you can buy more fancy clothes or a faster car with more money, but it's not like those are necessary and they don't bring any happiness.
Just focus on your real life and on the people around you mate, you don't need money to make real friends (and having fake friends who want you for your money is worse than not having friends!), so I'm sure you can live just fine and happily even without those lost money.

Greed could be take in two ways. One could be a motivation for you to make more and more money if you have great experience of doing so. This is important because your ability motivates you to make more and more. On the other hand, it is destructive because if you do not have what it takes to make money, you will lose the present capital as well.

I don't think controlling your emotions and greed can take you to success in gambling. because the main factor to be successful in gambling is not to remain controlled in playing gambling but rather luck. yeah greed can make you lose a lot, but controlling greed doesn't mean you can succeed in gambling

But I believe that greed will only make us losing more money in gambling games because we will attract to play the games longer than we can realize. And of course, we will spend more money because we expect to make more winning. Without having self-control for ourselves, we are hard to control how much money we will spend because once we win, we always want to make more winning.

the guy recently said that being addicted have some good side and that is you can learn more and you can earn more because the more time you will spend  playing  but its not adviceable for all especially if you are a weak person that can easily get carried away   . i remeber there was an expert said that you cannot be good at something if you wont be addicted with it  .

Exactly, with patience, we cannot make any income through gambling, we need to have enough luck for winning. I have tried many times to find out my luck. The ultimate result was a failure, controlling and greed will not help us any more in gambling.

No doubt, In gambling, whenever we become greedy then we choose a destructive path, and also control of our greediness, it is not easy, because in gambling, we come in this stage where we want to win more and more and automatically we do greedy, but if we wanna save ourself, then we should choose to control our greedy, otherwise we have seen the end of greediness in this thread title. 

While we are in sympathy with OP’s losses yet he must realized this kind of mistakes is not normal and him being greed is the reason about this
He must not risk the holding for gambling because those are different thing.he was stocked in the dumping price of bitcoin but he gambled the fund instead of waiting for the pump

Most of the time users get into gambling when there is immediate need for money. Long back they would've spend on gambling and have won a little. With that hope and not analysing much about the risk starts spending. This further turns to be a spending to recover back the loss. As in the quote lot many ways available for increasing the holdings, gambling too is one among the same when played understanding the limits.

OP not exactly lost their investment become their coins is their storage wallets during the dump, OP lost their patience to wait the pump pf bitcoin and op decide to gamble because he want to get back their money by doing this solution op try their luck to get back their money in the fastest way even he know the risk.

I think being greedy is not really the problem, it depend on the level of greed because sometimes, greed even make us to do better. Maybe from my experience though, I have noticed that  when you wish to play more in order to gain more, it works perfectly, might not be consistently but so many times I noticed it that greed can sometimes serve as a motivation.

I am not encouraging anyone to be greedy, and moreover I don’t even see any form of greed with what the OP did, he did what was right and I am sure anyone would have done same. It’s just too bad that luck decided to be unfair to him with the game; we all know that gambling is a game of luck. Maybe we should always check our stars to be sure it will be favorable in gambling.

Some point in time where that desire overtake and conquer your mindset, instead of quitting you intentionally go forward challenging yourself to reached for more,of you do have that luck then it can increase more of your winnings but if fate play you up make sure you are ready to accept your defeats.

I am just amazed at your level of reasoning, I am sorry I do not mean to be rude. How can you take greed as a motivation with all the motivating factors in gambling?

Greed irrespective of the level is a disaster and would doom any gambler that is involved. Contentment is the key to success in gambling and it is a contented gambler that would understand setting limit saves a lot of loses. Your intention may not be to mislead, maybe this has worked for you, but in gambling reality, greed is not a good idea for anyone.

For the OP, I am sorry about your lost and I hope you find a way to get back on your feet soonest. I know this kind of feelings because I have been in a situation like this. I thought my world had ended but here I am today bouncing and fulfilled. I recovered and I believe you will.

I don’t think this has anything to do with self-control. Anyone could make the mistake made by the OP, no matter the level of self-control. The way bitcoin went down at that period, one could be forced to look for an alternative which was exactly what the OP did. It was just unfortunate that he wasn’t lucky and I can feel his pain but I hope he gets restoration soon.

I have made this kind of mistake before but I learnt my lesson. Mine wasn’t even into gambling, I was scared about the drop in bitcoin, then withdrew my money and put into a business that crashed, it was at that moment bitcoin increased drastically. It was really painful.

So sorry to read your story, it's indeed heart wrecking. Just hold yourself together and try to bounce back. People have been in worst situations before but still bounce back on their feed. Don't feel overly despair, neither is anyone blaming you for that. What you did at that time was the best you know.

It would be beneficial if you can talk to a physiologist and see if good advice may help. Whatever happens, just know that there is much ahead than the ones you lost. Do not do anything funny to yourself nor feel excessively guilty. Money comes in and goes out on daily basis, sometimes, for the wrong reasons.

Just be in control of your thought, you are going to gain much more in life beyond what you lost. Always put a limit to what you can gamble, remembering that the outcome of any gamble is never assured.

Be strong!

If they think that they can fast money from gambling, then that will be a big mistake, and I hope that he will realize that soon. We cannot depend on gambling to make money because gambling was not a way to make money, although some people can do that. Still, we need to know that gambling is a way to entertain, and if we still use gambling as a source to make money, then get prepared for big losses.

It's not just for people who need immediate money who visit gambling places. After gambling becomes a lifestyle, someone will visit it as often as possible. Btw, I found a strange habit from gambling addicts. It seems that lose is the only goal they want to achieve, whether they realize it or not. Why? Most gamblers will quit after they have no more money to bet on. Meanwhile, when they win, they continue to gamble until they lose everything. I mean, as long as gambling addicts have money, they will keep gambling and they will stop after they are broke. Controlling our greed will become a must if we don't want to be such addict.

I feel no one is above being addicted in gambling, this is the reason as a player will must always understand our limit. Before now, addiction is always blamed on people in need of money or desperate gamblers but the number of addicted gamblers I have been opportune to meet this days are those who even played for entertainment, which means it’s all about self-discipline.

Besides what happened to the OP can also be linked to self-discipline because I do not understand why a player would be so blind to knowing that gambling is not an alternative to Bitcoin. Regardless how bad or the condition of cryptocurrency, it’s still more stable and better to be trusted than gambling that is unpredictable.

Agreed mate because greediness is the root of all failure in gambling because with this attitude,you will have no control in playing because all you want isn’t to win,win, and win without even thinking for your money at all..
Why need to ask for big profit in gambling when the truth is by holding our currency we already in gambling but with a big hope that in future our money will gain more than much we expected

Gambling is not for everyone and this is what every new comer in the field need to understand. Gambling is very uncertain and if you are not in a position to afford good loss, you should not get involved in game. It is also about experience and about investment in yourself. With loss, you learn and that is enough to enable you win so be ready for worst and do your best.

You are correct about OP has lost his patience, but you are wrong about he already know the risk while he decided to gamble his money. He didn't prepared for that and gamble little amount until he lose it all (see, he said he has lost $60k in nearly 2-3 years, not in a night)

One thing I learned about Bitcoin is "patience". If you don't have this better stay away from any crypto assets. Imagine if you bought Bitcoin last February 2019 at price of $3,500 USD, ow much profits have you booked by now. Even when the price of Bitcoin dipped at $9,500 USD last July 31 and fluctuated to $12,000 USD, you earned 20% from that. Patience and stick to your target is the name of the game in Bitcoin.

His case is way different from greediness.
It's more like being impatient, if he had waited enough for some years, he would have leap the gain.
This same impatient is what drove some people to trading too.
We should learn to drop the notion of purposely tripling the btc we have through either gambling or trading.
It use tyo work before but not anymore.

I almost thought it was my exact story shared when I read the post lol, so it is very obvious that so many gamblers had been through this, so OP is definitely not alone and just like we all recovered I believe he will and this time, he would have learnt new lessons.

I would advise the OP to talk to a specialist and as well always be around people that would make him happy. The advice given here might not be enough to see him through because if he’s not very careful, he can go into depression. I almost committed suicide when I had this problem but I am glad I had very nice people that kept on encouraging me to let go and move on, today it’s a thing of the past and I have almost forgotten I once lost a very huge amount of money.

Well the funny thing is, when people are experience loss in a gamble, that is only the time they remember their relatives/friends or find someone to borrow money from. I am not saying that is what you are doing right now but as much as I feel bad in your situation, you know that you are the cause of your suffering. Gambling can only make someone suffer in the long run especially that the act is prone to addiction.

What you can now do is to learn from your experience and MOVE ON. Unfortunately, most people who are in your exact situation still gamble hoping to recover their losses from the activity that caused them their insolvency. Stay away from gambling and focus more into different areas wherein you can improve yourself as an individual.

Yes this is about patience, therefore in investing patience is very important and when patience is not prioritized, the OP has provided a picture of impatience that will only end with a very deep disappointment, and again he chooses gambling which basically has to be played with good mood and stable. So it's no wonder why he lost everything due to a mistake in making a decision when panicking is something to be considered wisely.

This is why gambling industry is so big because of these kind of gamblers.People are way too impatience which in result to making impulsive behaviors that do mainly affect their betting habits.

If someone do knows on how to handle theirselves in times like this then its most likely we do limit our losses.I cant deny that people are way too emotional or mainly
affected when they do lost up money no matter how cool you are when you do first play.

And ends up losing all profit because of their greediness. I know it’s not that easy to control ourself when it comes to gambling and you’re bets are winning in a row, but self-control should’ve be the most likely way we need to have when it comes to gambling to stop our greediness.


Exactly :P

I lost too mate, not that much but my life savings (u$1k) and still I am recovering from $7 to $350 now .

Be strong, gather money again and avoid gambling. Always, always trust in BTC , it will be the most expensive asset in earth.

Learn from your mistake, dont gamble your entire bankroll at once. Buy some ripple doge whatever and test strategies and what you can afford to lose.

It takes some time to get your luck so in case of miner lose never lose your hope it is much better to learn from your mistakes and start gambling once again maybe next time you win instead of lose. Be sure you have hold over emotions and try not to be greedy for winning faster than the time you selected for gambling

Avoid gambling. That is the best advice you can give to a gambler who lost a huge amount in gambling.
Trust in Bitcoin. Hold Bitcoin so that you can recover your lost in gambling. I'm positive with regards to Bitcoin rising in the next years but there is still a possibility that it will go lower that what we are expecting so don't expect too much on it. Just don't gamble.

I think what you are trying to say is that Op was fighting back to regain his loss and I think this is a wrong approach to gamble. If you lose a gamble bet or you have reach the amount you wanted to lose, there is no point trying hard to get in back to regain your money. At this time, you are gambling with just emotion and all focus is how to regain your lost money back, hence the fun of gambling is gone, all you have left is aspersion.

I understand perfectly well that you have a point, trying to make a very quick money from gambling is a mistake many gamblers keep on making that they do not realize, but in my personal opinion, this is not the right time or place to say this. Someone is deeply hurt and needs a lot of consolation, let’s agree he has made a mistake which no one is above, but I don’t think it is right to start putting blames or pointing accusing fingers. The best we can do for him now is to encourage him. I am very convinced that the OP would never repeat the mistake again and I believe so many other forum members have also learnt from his mistake.

Fighting back losses is never the right way. I did that once to recover 0.005 btc and it finally costs me 0.05 :-(

Yeah this is much better to play with presence of your mind it’s important to keep your emotions and your other feeling away show you are gambling because when you lose try to take break and never be greedy to regain your lose at once you can try next time with new determination and planning.

i'm sorry to hear this mate, but don't think just about that you have lost. you earned experience, you know how you shouldn't do it anymore. just keep working to make your dreams come true... only the patient and hard working people get reward big anytime in the future :)

Yes, I agree that now he needs to rise and forget the past because he still has time to fix his mistake and we are still supporting him as well. We don't want to see him make another mistake because I think it is enough because he made it before.

I suggest him to stay away from gambling places first, build some new activities with his family or his friends. Try to communicate with other people and have fun with them but still stay away from gambling. I am sure he can do that if he tries, and I am sure that his family and friends will support him too.

For me playing gambling is a way to get profit. It's true that gambling isn't always about fun, when losing is no longer fun. How can someone still feel fun when they lose, it doesn't make sense. The gamblers must have felt lost just their luck to win might be in another day.

everything that happens there must be wisdom behind it, do not ever regret the decisions that have been made. the name of investment must have advantages and disadvantages, we just respond to it like what. with this happening, you can learn the mistakes you've made and correct them in the future. there is no struggle in vain.

There's no sense when you will keeps on losing your money and keeps on coming back, it will stress you more and the results will not be be good not only financially but also with your health conditions since once you've got that heavy loses your regrets will haunt you each time you remember the amount of your loses, better to quit and take a rest for awhile, free some space inside your mind and enjoy.

It is sometimes important to be blunt and hit the nail right on the head. The OP was greedy and if this is not plainly stated out, he might either make the same mistake again or other members will. But, being honest with comments will make others see the wrong side of the OP and try not to make the same mistake, this is not to say that we are not encouraging him, I am optimistic that he will get out of this and become better.

It’s a very bad idea to try to recover loses in gambling, it makes players end up with more loses, if I were the OP, I would just be patient with BTC and not be in a hurry to get back all money together by gambling. This was a huge mistake.

If that is so, it should be clear that there is no sign in getting back you money once it is lost. The probability of doing so is very low. In fact the probability of winning is very low and the probability of wining the current round and re-winning your lost money is next to zero. So I think one should be careful while betting. It is an economic situation that is uncertain.

sad storry but its the game ...
never invest so much that very day can feel horrible XD
And to triple money on casinos is a huge dream :D


regards

For two to three years in gambling, 60k is way too much and we haven't know yet if how is the capital he used merely for gambling. Somehow i agree with that trying to recover your losses is good but there should be a limit for recovering because if there's no limit it could lead to empty handed in the end.

I'm sorry to hear that. Gambling addiction is a horrible thing to deal with, and takes a tremendous amount of will power to break free from. You've lost a lot of money, but you still have the most important and valuable thing.... Your life and health. Try to find something to replace gambling with. It could be a hobby or a Church group. Stay strong and keep moving forward in your life. Your past doesn't equal your future.

Although there is nothing with recover losses, we need to realize that recover loss in gambling would be very difficult than in another thing like trading. We still cannot always win in any games, and even we can get more losses if we force ourself to continue. The losses will be bigger than before, and we can end up by losing all we have.

That is why I don't want to use bitcoin for gamble because, for me, bitcoin is too worth to just for playing gambling. The pain of losing the bitcoin amount will be too hurt than if I use the other coins for gamble.

Indeed. As long as you're still in good condition to move forward you can start earning what you have lost.

Sometimes we thought gambling is the answer to triple our money especially if you're desperate to make it grow but its not the right way and often what really happening is the opposite.

I experienced to lose my money in gambling with huge amount too and its an eye opener for me to stop thinking that you can earn or get rich if you gamble.

I've found something that might be of help!

https://www.helpguide.org/articles/addictions/gambling-addiction-and-problem-gambling.htm

Quoting one paragraph here,
"Learn to relieve unpleasant feelings in healthier ways. Do you gamble when you’re lonely or bored? Or after a stressful day at work or following an argument with your spouse? Gambling may be a way to self-soothe unpleasant emotions, unwind, or socialize. But there are healthier and more effective ways of managing your moods and relieving boredom, such as exercising, spending time with friends who don’t gamble, taking up new hobbies, or practicing relaxation techniques."

A dream that happens to others but not for most. OP just wanted to express his feelings and has shared his situation. I've known people that are undergoing the same process that they just want to let go of what they feel.

It's good that he has expressed his emotion and let it go outside because if it stays inside him for a long time, that's more dangerous.

I agree that is why I don't spend too much time in gambling. I don't want to get addicted into it and at the same time, I don't want to spend too much money on it. If you got addicted into gambling, it will be hard for you to remove it and it can affect your life too. Life with your family and your own lifestyle. Its better if you spend your time to do some recreational activities or just travel or spend time with your family.

Actually only few succeeded in this kind of dream as gambling won’t give any assurance and luck is the only friend
Maybe he cannot Cary anymore lol,her heart can’t take any burden as this was a huge loss for a small period of time that someone can not afford to.
I would rather drink wine and got drunk for a week after this kind of problem

That's what I actually want to say by saying 'others'.

Someone who lost a lot of money will definitely feel bad and the emotion will be mixed. At least he has expressed it already and wherever the guy is, let's hope that he's doing good and gradually overcoming this bad experience.

In my opinion, there is a very close relationship between impatience and greed. A greedy person is an impatient person and an impatient gambler is also greed if looked at closely. What happened to waiting for bitcoin and if at all he wasn’t sure of how soon the leap would occur, why withdraw all the money, why couldn’t he try other businesses or even trading? So on a closer look, and I don’t mean to be disrespectful to the OP, I understand what he is going through at the moment but I need to be honest, he was a little bit greedy.

That is now in the past and all he needs now is how to recover. My little advise is here, this is another good time to buy bitcoin, try and be patient to hold this time till the bull run occurs again and you will definitely get back all you have lost.

You may not know crypto more, so you regret the decision you made. you need to know that crypto is fluctuating, where prices can change significantly at any time without you knowing. if you think investing in crypto can make you wealthy quickly that's a big mistake, if you don't know the technology of this digital world.

I'm sorry for your loss bro and yes, you can share your feelings and emotions here because we are a community and we must help out each other get away from such situations and start living back a normal life. Sometimes, our decisions don't go well as we choose to, destiny has chosen something different then from what we decide to go for and it turns out to be our nightmare.

Nice article mate and all have mentioned was true.i believe that we felt superior and strong while playing since in this we can conquer our feeling and change it to happy thinking but not until we start to lose from there we start losing our goal to enjoy and covered with eagerness to win

By this I believe that we must not gamble whenever we have troubles in mind because the truth is it won’t help instead it will only add problems and may result to worsted outcome so let’s just face the problem before playing for safer and enjoyable venture

There are stories behind those people who are addicted in gambling, some of them just don't know anymore what their life is all about, they are all lonely and doesn't want to go out because they feel like if they will, the society will just judge them and throw harsh words on them. They have plenty of time spending it on nothing, that is why maybe gambling is their only escape, but it is not.

Gambling makes them feel alive, but the truth is they are only wasting their time and money on it, but for them, there are nothing to lose anymore, so why bother, it is broad and complicated, but for me, gambling is not really worth it.

I guess that is what happens to him, so he regrets making that decision. But he can prevent to make the same mistake now or in the future by remembering that in gambling, we are hard to win any games without having luck. He will difficult to recover his money, and if he still pushes himself to play another game, I am sure that he will get another loss and that will make him more regret. So please stop for a while from gambling, search for a job and try to make money from that job so you can move on from your losses.

The article link you posted does have some good idea but he can't stop someone who's gambling addicted from gambling cause what someone who gambling addict need is therapist help. However, the OP the situation is not gambling addict but not having the require knowledge about gambling and crypto investment.

Sunk cost fallacy is the danger here, when you have lost and think you are somehow owed back the winnings by some misgiven thought of justice.   Unfortunately the world owes us nothing as we are all lucky to be here in the first place, gratitude of past fortune does better then expectation of anything more; or thats my take anyway.

https://www.lifehack.org/articles/communication/how-the-sunk-cost-fallacy-makes-you-act-stupid.html

This is why the martingales strategy is so dangerous and should equate to a swear word for how poorly it plays out.     Probability theory has some play in outcomes but still its best kept in the books of maths then attempted by most people for a reasonable outcome in gambling.   
   If money is lost the only thing to be gained is in the realisation of the lesson of how it was lost, not much compensation but if there something learnt then at least its something.   Learning nothing can mean repeating the mistake and the loss, in the end this can greatly outweight the first loss so the lesson is cheap if learnt early.   I've lived that mistake, thats all I can pass on as worth considering.

He really needs help from a professional,  if he has a weak motivation and heart he would have lost his mind just thinking all his lost, a professional help will allow him to set up activities and guidelines together with his family on how to overcome those losses it's actually
 a mindset.

Right, from what i see OP is not addicted to gambling. Maybe he is only wrong to make decision. But gamble to earn money back is something that actually not required to do. And people must know if gambling will have more risk than make an investment. And when we tell people about it, there will be no more someone that lose all their money when want to try to get their capital back.

Don't forget your family or your loved ones since in my experience, they are the ones that helped me from taking myself out of gambling addiction, not entirely out but they really helped me. Desperation can really lead you to addiction that is why we should prioritize our goals so we will not be going to places we should not be.

Losing isn't an end for everything, it's just a lessons that we need to learn. Don't be disappointed when you fail on gambling, because having serious attachment with it was stressful to us. What's important is we should have strong faith and determinations to face and battle emotions in order to overcome another loss.

To enjoy gambling, a gambler needs to know how to manage himself in a losing situation as that's normally most of our experience in our journey as a gambler. It's normal to lose as gamblers loses more than they wins while playing in a casino, that's the norms in gambling since in overall it's the casinos that are making profit from us gamblers and we are the reason of their success.

Now, if we don't learn from our mistakes, that would cost us a lot of money since we will continue to do the same mistakes over and over and due to frustration, that will make us loss our control and risk the money that should not be allocated for gambling purposes. I am a gambler and I have a lot of losing experience too but I'm happy that in the long run I learn that gambling as a source of income is not for everyone, but for entertainment, definitely for everyone.

Surely all things come in our life to make us learn things from it. If you had lose once i am sure you must  learnt so much from your mistakes so never repeat and gain experience. Not all gamblers are perfect if you want to spend good time in gambling never be greedy and make sure you don’t gamble with fresh mentality.

If he wants to go to a professional, then I think his problem will be solved, and he can realize that what his doing is not right so he can start to fix his life to be better. But that will depend on him because not all people will realize and want to visit a professional to solve the problem and mostly, people will don't care about that. People will still play gambling without thinking about their life and the family, and that will only make their life will ruin soon or later. He needs to aware of that and tries to stay away from gambling for the first thing that he needs to do now. And he can start to build some activities or think about the other passion that he might have.

Loss is one of the attachment in gambling and is inevitable to we the gamblers. Whenever we gamble to a lost, we learn how hard to win and eventually when we win, we learn how to be patients.

What causes many gamblers to lost and regret their action is, their inability to control greed, am a gambler who  gamble to win and run to gamble another day. But many will gamble and win, and still continue until they loose everything they have gain before, greediness is a major course to lost.

If you are really deeping into this business then you need to have this courage to face and accept loses that happened to you, it's hard in a way that it will be  full of regrets once you encounter very huge  loses or when you almost have a good run but failed to quit and losses it back, we do have different experienced where we really needed to overcome in order to continue both to be entertain or to earned decent money from this industry.

We don't have any option on that yet back then, besides it was just the eagerness to get his money back from the slumps, everyone would do that. Besides we really all felt that in the beginning, we just learned from our mistakes in the past that's why we can say such things right now. We can just feel bad on them but can never blame them for it is just a common mistake for us gamblers.

I also thought he does need slightly help of a professional but I believe the OP already has everything under control which is the reason why he talks about it instead of the situation to cause him headache which could lead him to the state of needing professional help. Besides, if you check his account he was online this week and I just hope he learns from his mistake.

Yes, but I think every people have an option to start his life again whether they realize or not. The problem is people always chasing their loss until they are tired and realize that it is not worth their living. I agree that we must learn from our mistakes in the past so we can manage our life from zero and if necessary, we need to think about how to solve the problem in gambling. When you can ask help from other people, then I am sure you will not feel alone because you will get helped from them to solve the problem.

You already said it, they are not perfect, they are human that is why they are prone to addiction.

A gambler will still continue to gamble since that is how he lives. A gambler will always think that they can win even if they are on the verge of not having anything. When they are losing, they will not learn, why? Because they think that they are just having a bad day and tomorrow will be different not tracking they are already losing for months.

People do what they like, do they overdo it or not it`s individual. Not every gambler is the same, I wouldn`t think about gambling with my savings. Gambling is a game of winning and losing, you can`t win all the time, nor you can lose all the time, and if you don`t know that if you are not aware of what gambling is than I don`t know why you gambling at all!
I will point out the sentence from Best Dreams "all things come in our life to make us learn". It`s the essence, and some people learn it fast, others never learn it no matter how many chances they had.

Yes, they are one who can lift failures and they can easily change our mind into other things. Yes, we should always think about the family members before gambling huge amounts because the one we lost we cannot recover our money. Gambling is not necessary for our life, but make it as fun when we are tied up with the other things.

that's because they're truly dumb to realize what's wrong on their habit. Even if a Pro Gambler  them what to do, they'll eventually continue on their habits that's because they only think about money and their personal desires without thinking the outcomes or results of their decisions.

People lose because if their own mistakes and because of their wrong decision taking mistake. They become greedy to win huge faster and in this thinking they lose. It is very wrong to be greedy in gambling it will distract your mind  and you could lose amount instead of winning apart from it over confidence also makes people suffer

I think it high time every gambler who loses in gambling shares his mistake rather than what they lost. I have read too many loses by gamblers on this platform and everyone would think it will not happen to the next reader but the next minute another reader is up with their own complains, so let’s be practical and let me start from you. I believe something led to the loo and at this point, you now understand what you did wrong that led to the loss. Please share, someone is definitely interested in learning from your mistake.

I have never lost a dime in gambling. I can’t account for every single amount I have sent, what went out and what came in, this is because I started prepared.

I agree with this. Losing is part of the mistakes and its normal. The best thing to do when you lost so much money in gambling is to move on and find something to spend your time with - either your family or anything just to distract yourself. I know losing too much money isn't that easy to forget but it already happened and you must move on even though it is hard.

Greediness is the weakest part of a gambler.

Even when someone win big, you see them back online the other day, redeposit and losing their profit and even more.

This is the bad side of gambling. Once a gambler became addicted in gambling it is expected to ruin your financial status or worse everything my auntie was an gambler before she have a good life (i.e stable income, own a house and good husband) until she became a gambling addict. she has a loans everywhere to the point their house was pawned without her husband knowing good thing her husband discovered that she has a gambling addiction and pawned their house but they didn't saved their house because of my auntie's loans  because of it and she's in rehabilitation center and her family is currently stayed at our house.

Alot of this is about attitude, we can lose far more then money in life.   The secret to happiness is to appreciate all the things you have been lucky on, its quite ironic there is any people who are very rich but sad people but there definitely is partly because they placed their priorities wrongly.
   Anyone born in a modern western country is born rich compared to a large part of the world born into struggling economies and poor basic standards of health across the population.   You can win just being a member of a successful country, I know many are proud of where they are born but also there is a great benefit gifted to those in the west in terms of wealth ability.   I try not to take that for granted, I would be alot more sad if I missed all the positives I'm lucky with even if I'm not that rich and I've never really won a big bet.

  This attitude adjustment could even play into winning more regularly, a bad attitude I'm pretty sure makes for bad luck because its harder to balance when to walk away from the tables when you dont appreciate the good luck you receive.  If I win on 1% odds even if its a small amount, I appreciate my good luck all the same.

Indeed. A great mind set also is to lessen your expectations for the output of your game; in this why your emotion is handleable. Another thing is that, winning is more worth it when it surpasses your expectations. It's an overwhelming feeling and could also boost your decision making.

We hope so, and we could still help him always remind him not to make another mistake. Yes, we don't want to see he is in the bottom and we want him to rise back and forget about the past. Many of us suggest him to visit the professional that will help him to solve his problem. But before he does that, I think he can do that with his family first before his visit. I guess his family will help him to find the solution.

Greed will always be there in humans, no matter how hard we try to avoid greed, but greed will never disappear. It's true that relaxing will reduce greedy habits and mental stress, but keep in mind it's not entirely.

Greed to earn more is the usual problem of gamblers.

Even if you win its hard to refrain to stop already and enjoy the profit. Addicted gamblers keep coming back to try their luck.

We thought gambling is the answer to double or triple our money or to recover the losses, but unfortunately what really happen is the opposite.