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1  Economy / Gambling discussion / Re: Lost $350k / 54 BTC gambling, need help :( on: October 19, 2018, 09:55:40 AM
I think I’ve accepted my loss and ready to move past.

I’m certainly not going to be chasing this loss, or gambling for money again. Any gamble like that is going to be things like poker night with my friends, with a $20 buy in.

The only thing that’s slightly bugging me, especially after the crypto crash, is... do I have “enough” money? Is $1.5m good enough? I know that amount of wealth puts me at the 10% in the US, and probably the top 1% for someone in my 20s, but god...  I was in the 1% once, and I want to be there again.

Maybe I need some perspective. Idk. Once you go from “spend money, ya have practically infinite money” (I gave away more than 100 BTC to family [good reason, don’t regret it one bit] and an ex [fuck I was dumb ]), to shit, money is finite and you only have a million and change... it’s an unpleasant realization but I think I’m missing perspective there.

That and whatnot. I’m going to continue what has worked out well for me, and what has allowed me to build this wealth that I had. Along with time and hopefully another crypto rally, I’ll be the 1% again. It’s only $10 million. 

But I will make it there. Through hard work, savings, and smart investments. Never gambling. Smiley
2  Economy / Gambling / Re: ★ Crypto-Games.net ★ 4 Years Old ★ 58.000$ wagering contest ★ on: October 19, 2018, 08:45:44 AM
Any insights into when the BTC & ETH investment options might be returning?

For now there are no plans about enabling those investments back.

Thanks for that update.  Smiley

Any reason why?  

I ask particularly given that both the bankroll & BTC/ETH price has shrunk not grown in recent months.

It got shrunk a lot, but it is still at decent size. If it continues to decrease we will enable it back.

Wagered/bankroll is quite low, so allowing even more investments doesn't sound great for current investors nor is it needed (people rarely bet to try to get the maximum profit available).

Except me 😅 I’m honestly glad the max bet was only 67 BTC. If it was more, I probably would’ve lost more.
3  Economy / Gambling discussion / Re: Lost $350k / 54 BTC gambling, need help :( on: October 19, 2018, 08:44:05 AM
The most important thing to do right now is not do anything stupid (i.e. suicide or loss chasing).  If you don't feel like you can't control yourself, I'm happy to help you timelock your money for the next year to prevent anything stupid.

In 10 years it'll seem like a distant "i really fucked up then" memory, so in the mean time focus on more important things in life. The truth is you just had those bitcoin sitting doing nothing anyway.

But being frank, you obviously have some latent self control issues. You really shouldn't gamble again, or if you do have extremely strict limits you establish for yourself that are not based on loss-chasing. I would strongly advise you don't gamble until you can forget about this loss and consider chasing it.

But seriously, look at al the positive things you got going for you. Your remaining savings are more than 99.9% of the world. Learn from your mistake, forgive yourself and most importantly don't do anything stupid.

--

P.S. I'd also recommend against casino investing. It's too easy to gamble from there, and it's best to distance yourself from casinos in general when you have a problem.

It’s like 2am and I woke up at night and couldn’t fall asleep, but I went back to reading your comment. It really helps.  Thank you once again.
4  Economy / Gambling discussion / Re: Lost $350k / 54 BTC gambling, need help :( on: October 19, 2018, 12:39:40 AM
I, and I think most of gamblers who read your story, feel sorry for your loss. I've witnessed your winnings and sadly your loss as well. It's very good to share your story, this will help you process your losses.

But dude, you're young and you still have a shitload of bitcoins left. You'll get over it. If I were you I'd rather be thankful for not losing it all. You've managed to gain back more than 25% of your losses before pulling it all out. It could have been a disaster.

And my advice to you is to look for help for this part:
Quote
I’m having thoughts of going “all in” and trying to win it back. I know it’s a bad idea, a real bad one, but I’m someone who likes going big or going home.


Gamble only what you can afford to lose. Going all in with money you can't afford to lose is very stupid. If you go big, make sure you have a home to go in case shit goes wrong.






Thanks, it’s good to remind me that things could’ve gone worse - I could have lost even more (another 67 BTC) because I did deposit that, and made aggressive bets in order to try and reduce my losses.

I certainly won’t ever, ever be gambling again. It’s just an experience I’m not going to participate in, except for token amounts for the experience.
5  Economy / Gambling discussion / Re: Lost $350k / 54 BTC gambling, need help :( on: October 19, 2018, 12:31:02 AM
$1m won't even buy a house in the big cities ( Los Angeles, New York, San Francisco)

I know there are a lot of third worlders on this forum that think $1m usd is a lot of money but it really isn't.
Exactly, you can’t even buy a house here, and even if you do you have nothing left. It’s a life-changing amount of money still but if you have a good job, a dude making $120k and having $100k in savings, versus a dude making $120k and 2.5m in savings/investments still generally live the same-ish life.
6  Economy / Gambling discussion / Re: Lost $350k / 54 BTC gambling, need help :( on: October 19, 2018, 12:12:58 AM
Why are you thinking that you are down from $1.5m to $1.15m, Think positive that you have the whole $1.15m with you , which is way more good for you. Because always positive thinking will give you more satisfaction and it will boost your confidence and all wrong doing will not come in your mind.

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

I guess the thing is $1.5m (I had $1.85m before) isn’t a whole lot of money in an expensive first world country. But I have heard of people in financial devastation and debt, thankfully I am not.
7  Economy / Gambling discussion / Re: Lost $350k / 54 BTC gambling, need help :( on: October 18, 2018, 11:51:33 PM
I also feel bad because the $1.5m is my investment money. I don’t want touch it or spend it on myself, except for investing. It’s currently 67% crypto and 33% stocks. So I lost pretty much all of my spending money, and I feel pretty down over it... a lot of people have a million dollars net wealth, it’s not that much. I don’t have a house or anything.

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


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

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

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

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

Thank you.
8  Economy / Gambling / Re: ★ Crypto-Games.net ★ 4 Years Old ★ 58.000$ wagering contest ★ on: October 18, 2018, 11:16:38 PM
I am the one who lost 54 BTC. You can read my story here: https://bitcointalk.org/index.php?topic=5053100.0
9  Economy / Gambling discussion / Re: Lost $350k / 54 BTC gambling, need help :( on: October 18, 2018, 11:02:31 PM
The most important thing to do right now is not do anything stupid (i.e. suicide or loss chasing).  If you don't feel like you can't control yourself, I'm happy to help you timelock your money for the next year to prevent anything stupid.

In 10 years it'll seem like a distant "i really fucked up then" memory, so in the mean time focus on more important things in life. The truth is you just had those bitcoin sitting doing nothing anyway.

But being frank, you obviously have some latent self control issues. You really shouldn't gamble again, or if you do have extremely strict limits you establish for yourself that are not based on loss-chasing. I would strongly advise you don't gamble until you can forget about this loss and consider chasing it.

But seriously, look at al the positive things you got going for you. Your remaining savings are more than 99.9% of the world. Learn from your mistake, forgive yourself and most importantly don't do anything stupid.

--

P.S. I'd also recommend against casino investing. It's too easy to gamble from there, and it's best to distance yourself from casinos in general when you have a problem.

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

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

I also feel bad because the $1.5m is my investment money. I don’t want touch it or spend it on myself, except for investing. It’s currently 67% crypto and 33% stocks. So I lost pretty much all of my spending money, and I feel pretty down over it... a lot of people have a million dollars net wealth, it’s not that much. I don’t have a house or anything.
10  Economy / Gambling discussion / Lost $350k / 54 BTC gambling, need help :( on: October 18, 2018, 09:55:41 PM
Yes, I am Mannton456, I’m going to post it on the crypto-Games chat to prove it’s me. This is my story of loss.

I’ve always had a inclination for making reckless decisions. While I don’t gamble on a regular basis and prided myself on making sensible decisions, like investing in the bankroll of a bitcoin casino (to benefit from +EV), one day I decided to gamble with 3 BTC.

I won some bitcoins, and called it a day. The next day, I was bored and decided to give it another go. Lost everything. Now I don’t like losing, so my only strategy was to deposit almost 10x the amount - 20 BTC, and try to win it back again. I did and managed to turn it to 30 BTC. My heart was shaking and the adrenaline I had was incredible. I reinvested it in the site, and went to bed happy.

Unfortunately, the next day I decided to just do one bet of the entire balance, at 97% odds. I lost. Shit. I was operating in automatic mode and deposited a further 50 BTC, and tried to bet again. Lost again. I felt like ending my life.

I did something even more stupid and deposited another 70 BTC, almost the last remaining bitcoins I’ve had. Thankfully I was able to win back 30 BTC before I stopped and withdrew; putting my net loss at -54 bitcoins.

This is worth $350k USD. I am at a loss. I don’t think I will ever gamble again, but this is such an expensive lesson for me. I could’ve bought a house or apartment for that money. I could’ve bought 7 Tesla’s!

It’s also the first time I’ve lost anything more than $20 gambling. I don’t gamble a lot, and when I do it’s always with small amounts. But it was easy to see bitcoins as “not money” and that you’re just playing a game... with real money, and real life consequences.

I am someone in my 20s who got into cryptocurrency early. Thankfully, I do still have about $1.5 million in crypto and other investments, but losing 350k and 20% of your net wealth in the span of an hour is just... devastating to me. How did I end up risking $350k for a $18k loss?!

I’m having thoughts of going “all in” and trying to win it back. I know it’s a bad idea, a real bad one, but I’m someone who likes going big or going home.

I don’t know what to do at this point. I know I will survive, at least I’m not in debt, but fuck, I’m upset. I’m really depressed, and thoughts of killing myself have floated my mind.
11  Economy / Services / Re: Looking for 3D Modeller & Printing: Metal DNA Spinner Ring (1 BTC Offered) on: October 03, 2016, 12:41:37 PM
Hey there I have got a guy for you. Please let me know if you are interested . I will get it done if you can tell me more about the project and shipping location.
Sent PM Smiley
12  Economy / Services / Re: Looking for 3D Modeller & Printing: Metal DNA Spinner Ring (1 BTC Offered) on: October 03, 2016, 11:19:05 AM
Standard spinner rings are rather easy to build because they are based on simple ball bearing.
The problem with your design that you want working, spinning 3D, 2 piece Helix pattern - it will be very hard to construct.
I am really curious if someone here will offer you serious project for a piece so complicated.
The idea is "DNA helix spinner ring". If you have another idea (e.g. a different DNA design) then you're more than welcome to pitch it! Smiley
13  Economy / Services / Looking for 3D Modeller & Printing: Metal DNA Spinner Ring (1 BTC Offered) on: October 03, 2016, 10:38:07 AM
Hey everyone!

I am looking for a custom spinner ring with the DNA helix



It should be the DNA helix like this: https://www.etsy.com/au/listing/253101610/dna-ring-silver-science-ring-biology-dna?ref=market

Except it should be a spinner ring, which means there should be two parts (outer and inner), and you should be able to use your finger to 'spin' the outer DNA helix. Kinda like this: http://www.stimtastic.co/stim-jewelry/infinity-spinner-ring except the DNA helixes should extrude.

I am offering 1 BTC for modelling + printing + shipping

2x US size 5, silver

PM me if interested, please show portfolio of work

Escrow is OK
14  Bitcoin / Project Development / Re: BTC MMO on: July 31, 2015, 02:56:32 AM
I'm always interested in another btc mmo but what makes yours different compared to Dragons Tale? They already have a lot of games, free satoshis, etc. You need to differentiate your mmo somehow
15  Economy / Gambling / Re: TurnTrips.poker **** Official Thread **** on: June 10, 2015, 07:29:34 AM
So, in order for these two claims to both be correct, you need to have 100% funded an amount of 2BTC times however many players you hope will sign up.  So it should be no problem for you to sign a wallet or wallets that hold 100BTC, since that would only represent 50 potential players right?  Could you do that now?

I see where your going here and I appreciate asking for the validation.  But no we don't have 100 BTC reserved for the welcome bonus, why?  Because it is not a current liability.  A player can't sign up, deposit 2 BTC, then turn around and withdraw 4 BTC.  The welcome bonus is released through earning "TurnTrip Points", which is linked to play, and thus rake.

My statement of every freeroll, bonus, etc being funded is correct, I believe, since the welcome bonus is funded through rake, before it is released.



Ok.  Since you see where this is going, how much do you have in a signed wallet to prove your solvency AND show that every freeroll free chip and promotion is 100% funded?  I feel like this should have been in your original post, as you made a bunch of claims but didn't do or show anything to back them up.


I appreciate your skepticism, I really do.  But we may have different ideas on what funding a freeroll or promotions mean.  What future number of freerolls do you contend I should have in one place?  A week, a month, a years worth?  Or is accurate to say that promotions are 100% funded if BTC is added to the chip balance on a daily or weekly basis based on what freerolls are about occur?  Rhetorical question really.  I have no desire to get into a semantic discussion regarding this.  Our main statement was about building trust, words are cheap, so we'll just let our actions speak for us.  If you are not comfortable with us or our statements, I totally respect that, and I wish you the all the best.




I would contend that if you make a claim that everything on your site is 100% funded but ignored repeated attempts to prove your solvency, that that is a Very Bad Sign.

But, you asked a question so I will give an answer (which I'd imagine will be ignored).  You guarantee the following daily:

1+0.1 - 20 Chip Guaranteed (Every 2 hours) (only 9 to start)
2+0.2 - 40 Chip Guaranteed (Every 4 hours) (only 9 to start)
5+0.5 - 100 Chip Guaranteed (Every 4 hours) (only 9 to start)

5 Chip Freeroll (Every 2 hours)

20 Chip Freeroll (4 times Daily)
100 Chip (Needs 9 players at start time)

So, assuming the 100 chip freeroll is once a day, that's 1360 chips in freerolls and guaranteed tournaments daily.  So in a month, you will guarantee a little over 40BTC in freerolls and guaranteed tournaments.  I think it's reasonable to request that you have that much in one place, as it will guarantee your operation for one month.  Can you sign a wallet or wallets with 40BTC in them?
16  Economy / Gambling / Re: TurnTrips.poker **** Official Thread **** on: June 09, 2015, 09:09:47 PM
So, in order for these two claims to both be correct, you need to have 100% funded an amount of 2BTC times however many players you hope will sign up.  So it should be no problem for you to sign a wallet or wallets that hold 100BTC, since that would only represent 50 potential players right?  Could you do that now?

I see where your going here and I appreciate asking for the validation.  But no we don't have 100 BTC reserved for the welcome bonus, why?  Because it is not a current liability.  A player can't sign up, deposit 2 BTC, then turn around and withdraw 4 BTC.  The welcome bonus is released through earning "TurnTrip Points", which is linked to play, and thus rake.

My statement of every freeroll, bonus, etc being funded is correct, I believe, since the welcome bonus is funded through rake, before it is released.



Ok.  Since you see where this is going, how much do you have in a signed wallet to prove your solvency AND show that every freeroll free chip and promotion is 100% funded?  I feel like this should have been in your original post, as you made a bunch of claims but didn't do or show anything to back them up.
17  Economy / Gambling / Re: TurnTrips.poker **** Official Thread **** on: June 09, 2015, 06:44:12 PM

WE WILL NEVER DO THIS!  EVERY FREE CHIP,  EVERY FREEROLL AND EVERY PROMOTION IS 100% FUNDED BEFORE THE PROMO STARTS

Quote
Turntrips.poker will give you a 100% welcome bonus every time you deposit, up to the 2 BTC lifetime maximum.

So, in order for these two claims to both be correct, you need to have 100% funded an amount of 2BTC times however many players you hope will sign up.  So it should be no problem for you to sign a wallet or wallets that hold 100BTC, since that would only represent 50 potential players right?  Could you do that now?
18  Economy / Gambling / Re: NitrogenSports.eu - LARGEST BITCOIN SPORTSBOOK - POKER - BLACKJACK on: June 05, 2015, 05:42:44 PM

Tried it.  Doesn't make a difference.  Go try for yourself.  It's a scam of the most heinous order.  They have no shame.  It's like the old betus bj.  They win 80% of the hands.  I can post my last 100 hands. 

I'll bet up to a coin that I can win at least 21 hands out of 100 on nitro BJ.  I'll steam my play so you can observe.  We can have a trusted escrow on bct hold our bets.  Easy money for you, are you in?

You might win more than 21 hands but that is not the poinT. You need to play more hands.  Also you need to play more tjan .01 per bet.  You might eke out 30 wins but you have no chance of winning.  just because you win 30 or 40 doesn't mean it's not corrupt.  It is not a bright line test.  I'm not stating that it's corrupt because you lose 80%.  What I am saying is that you have no chance of winning at this site.  Go play and tell me I'm wrong.    They are the scourge of the industry. 

Just to reiterate  I love their book but if you think they run an honest bj game you're on crack.  How about running a poll.  NITROGEN RIGGED or FAIR?  I'm just interested in the outcome.  I've been playing bj for more than 25 years and I have never experienced the chaconary these thieves do.  Double down?  Good fucking luck.  I'm sure other people feel the same. 

I'm offering you an opportunity to make money on your wild accusations.  Not run a poll, not guess, put theories into action.  You said "they win 80% of the hands".  Now you say that that was a lie, right?  Ok.    Now you are claiming it's 70%.  I'll gladly wager that I can play over 100 hands, at .011/hand and win at >30%.  Will you bet on that? 
19  Economy / Gambling / Re: NitrogenSports.eu - LARGEST BITCOIN SPORTSBOOK - POKER - BLACKJACK on: June 05, 2015, 05:26:51 AM

Tried it.  Doesn't make a difference.  Go try for yourself.  It's a scam of the most heinous order.  They have no shame.  It's like the old betus bj.  They win 80% of the hands.  I can post my last 100 hands. 

I'll bet up to a coin that I can win at least 21 hands out of 100 on nitro BJ.  I'll steam my play so you can observe.  We can have a trusted escrow on bct hold our bets.  Easy money for you, are you in?
20  Economy / Gambling / Re: BetcoinSports.com Betcoin.ag-Ranks #1 Best Odds-LIVE WAGERS-BOXING!-Casino-Poker on: June 02, 2015, 11:18:15 PM
Your examination fails to mention our VIP program

That's because we weren't talking about the VIP program.  We are talking about your lines, which you've promised for five+ weeks now to "tighten up".  For you to say "we have great lines" and then I say "they are worse than anyone else, what are you doing to make them better" and you to retort with "we have a VIP program!" is called moving the goalposts.

But let's look at the VIP program and see how it fits into the lines.  I'm at Silver2.  In order to get to that level one would have to wager 1,000,000 chips in the sportsbook, or 1000BTC.  Being at that level, I get .4% betback and 4% lossback.  So let's investigate what would happen if I bet using a 1BTC unit size on each side of the game on all the books that I listed:

Your line is:                   Philly +158/Cincy -196

I bet 1BTC on Philly to win 1.58BTC and 1.96BTC on Cincy to win 1BTC.  If Philly wins, I lose .38BTC + .008BTC betback and +.0152 lossback max (since your lossback is on the total won/lost for the day, not on each losing bet).  = -.3568BTC
If Cincy wins, I break even on the bets and get no lossback and get .008BTC betback = +.008BTC

Your bitcoin competitors:

Philly +160/Cincy -178 

I bet 1BTC on Philly to win 1.6BTC and 1.78BTC on Cincy to win 1BTC.  If Philly wins, I lose .18BTC; if Cincy wins I break even.
                                   Philly +158/Cincy -179 
I bet 1BTC on Philly to win 1.58BTC and 1.79BTC on Cincy to win 1BTC.  If Philly wins, I lose .21BTC; if Cincy wins I break even.
                                 
So as you can see, even with a lossback and betback rate that has come after wagering 1000BTC, the odds are still not in your favor.  The tiny couple of hundreds of a coin I'd stand to profit from the favorite winning doesn't overcome the tenths of a coin I'd lose more than your competitors if the dog wins.  You can, of course, do this same math only betting on one side and for the betback/lossback to make up the difference you'd have to wager hundreds of coins (which is over your max bet), in addition to having to have had previously wagered thousands of coins on bad lines in order to be at the appropriate rewards level.

Again, it's just not competitive.  I love your site but your lines need some major work before they are competitive and worth betting on.
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