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1  Other / Beginners & Help / Don't gamble with bitcoin!!! Lost 13.67984412 on: May 01, 2013, 07:30:04 PM

      I just want to share my story and stop anybody thinking of doing the same thing. I wanted to invest in bitcoins so I created a dwolla account then a mt. gox account. Tried to buy in while bitcoin USD price was at 55 after the April 12 bubble pop. Waited for the processing between my bank and dwolla to mt. gox. I sent 2000 dollars and accidentally bought in when the price was 145 USD.  I was clicking the instant payment at 100 price but didn't realize after you bid once, the regular price returns so I ended up buying at the price I did not want.  Then I got greedy trying to win bitcoins with gambling. The first site I went to was and was bidding at .50000000, after I lost the first time I won 1. BTC but didn't receive my bitcoin because I didn't read the FAQ of the site stating:

Only use Bitcoin clients where you can receive Bitcoins at the same address they were sent from (such as a wallet).

DO NOT send Bitcoins from online exchanges such as MtGox.

So I lost my winnings then installed my bitcoin wallet to my computer so I was able to still try to play the roulette game. I ended up losing ~4 bitcoins, not winning a single bet after wards. I was betting at .50000000.

After, giving up on Roulette I tried out this site

Originally only putting in 1. BTC and won a few hands the first few game lead me to around 1.5 BTC. but then I started to make big bets up to 4 BTC and then lost all my BTC. I noticed that I was losing all the high end bets, which around .20000000,  continuously but was winning the small bets. That site definitely felt messed up because I lost 7 hands in a row of black jack then bet 4 BTC twice figuring the odds of me winning would be enough to win back my money but the Site got a black jack first high bet and 20 beating my 18 the second bet. I put in what I had which wasn't much and won the small bet.

Long Story short, Don't gamble with BTC and Read everything carefully before making a decision with money. Lost 2000 USD in only a few minutes.

If anyone thought my story was helpful please send donate some BTC to:   19V2ELGp31bzEDTvXdi2c5ZVA3FzX7oVZa
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