Don't let bitcoin overtake your soul

[quentincole32]

It all started for me back in April of 2014.

The following year my girlfriend and I had broken up for a few months because I had become so obsessed with reading about bitcoin and was being neglectful to her needs.

I had promised her that I wouldn't constantly be on my phone reading all the news related to bitcoin and watching the price fluctuations and on July 16th 2014 I asked her to marry me.

I kept my promises to her for a while. Until April 2015 when my miners that I used for solo mining actually found a block.

It was my first time finding one after over a year of trying and seeing 25 coins in my wallet worth almost $6,000.00 was so exhilarating and I felt like I was on cloud 9

I told my fiance about it and for the first time she was happy i had gotten involved into mining bitcoin.

I made a promise never to touch them until we we ready to retire.

A few days later I purchased 1 bitcoin and rented some hashpower and tried my luck at solo mining again.

Before I had spent even 1/4 of that bitcoin I found another block.

Woo hoo! This is easy I told myself.

Of course I told her about it and again she was very pleased.

This time I promised I would only use five coins to try and solo mine another block.

Well I lost the five.

Then more, then more and more and more until I had lost it all.

I couldn't tell her what I had done, couldn't admit that I had turned into a compulsive gambler and threw it all away.

So what did I decide to do?

I took out a home equity loan and borrowed $30,000.00 so I could purchase about 75 coins at the time.

I just knewI had figured out a system and with that many coins I would be able to get back what I had lost and repay my home equity loan.

So from April 2015 until mid December 2015 I tried every method I could come up with to try and outsmart the system.

At times I would spend an average of 1 bitcoin per day assuming it would take me no longer than 25 days to find a block and if I found one earlier then that then obviously I had come out ahead and I would pick a different address to solo mine to. It had to work, how couldn't it. At other times I would rent enough hashpower that I should have found a block within 12 hours.

Well it was quiet a roller coaster. From April of 2015 until mid December of 2015 I would estimate I found at least ten blocks probably more.

But I never could get back to where i started. I would get to the point where I was about to lose it all then I'd find a block.

Then I'd use that one to try and find more. When I was about to lose it all again, I'd find another one.

This process of losing almost everything and then gaining back a little, rinse wash and repeat continued for 8 months.

It was the most stressful time of my life.

All I could think about was getting back what I had lost so I wouldn't have to tell my fiance what I had done.

She felt neglected because I was always swiping my phone to see my new "best share" and to see how close I was to finding another block and a dark cloud followed me everywhere I went.

My negativity and despair showed on my face and she didn't understand why because I couldn't be honest about what I was doing because I was so ashamed.

Every day she would complain how I was always on my phone and not paying any attention to her, and I wanted so bad to just get back what I had lost and give her the attention she wanted and needed.

Long story short. She left me and I lost it all.

The moral of my story is dont let bitcoin take ahold of you like it did me, relationships are what matter and once you lose them you can't get them back.

She's already moved on and found a man that is giving her the attention she needs and I'm lonely, broken hearted and in more debt than I've ever been in, in my life.

i'm also start to worry,i think i'm addicted to bitcoin,everyday looking for bitcoin, life from bitcoin,and sometime my girl also complaint about my time,yes because my time spent all day on front of my computer. i hope i dont have story like you..and really sorry for the guy that start this thread

[biggbox]

What are your plans now to get out of this mess that you are in? What's the interest rate for the loan that you are having now? Do you have a job to tide over?

It all started for me back in April of 2014.

The following year my girlfriend and I had broken up for a few months because I had become so obsessed with reading about bitcoin and was being neglectful to her needs.

I had promised her that I wouldn't constantly be on my phone reading all the news related to bitcoin and watching the price fluctuations and on July 16th 2014 I asked her to marry me.

I kept my promises to her for a while. Until April 2015 when my miners that I used for solo mining actually found a block.

It was my first time finding one after over a year of trying and seeing 25 coins in my wallet worth almost $6,000.00 was so exhilarating and I felt like I was on cloud 9

I told my fiance about it and for the first time she was happy i had gotten involved into mining bitcoin.

I made a promise never to touch them until we we ready to retire.

A few days later I purchased 1 bitcoin and rented some hashpower and tried my luck at solo mining again.

Before I had spent even 1/4 of that bitcoin I found another block.

Woo hoo! This is easy I told myself.

Of course I told her about it and again she was very pleased.

This time I promised I would only use five coins to try and solo mine another block.

Well I lost the five.

Then more, then more and more and more until I had lost it all.

I couldn't tell her what I had done, couldn't admit that I had turned into a compulsive gambler and threw it all away.

So what did I decide to do?

I took out a home equity loan and borrowed $30,000.00 so I could purchase about 75 coins at the time.

I just knewI had figured out a system and with that many coins I would be able to get back what I had lost and repay my home equity loan.

So from April 2015 until mid December 2015 I tried every method I could come up with to try and outsmart the system.

At times I would spend an average of 1 bitcoin per day assuming it would take me no longer than 25 days to find a block and if I found one earlier then that then obviously I had come out ahead and I would pick a different address to solo mine to. It had to work, how couldn't it. At other times I would rent enough hashpower that I should have found a block within 12 hours.

Well it was quiet a roller coaster. From April of 2015 until mid December of 2015 I would estimate I found at least ten blocks probably more.

But I never could get back to where i started. I would get to the point where I was about to lose it all then I'd find a block.

Then I'd use that one to try and find more. When I was about to lose it all again, I'd find another one.

This process of losing almost everything and then gaining back a little, rinse wash and repeat continued for 8 months.

It was the most stressful time of my life.

All I could think about was getting back what I had lost so I wouldn't have to tell my fiance what I had done.

She felt neglected because I was always swiping my phone to see my new "best share" and to see how close I was to finding another block and a dark cloud followed me everywhere I went.

My negativity and despair showed on my face and she didn't understand why because I couldn't be honest about what I was doing because I was so ashamed.

Every day she would complain how I was always on my phone and not paying any attention to her, and I wanted so bad to just get back what I had lost and give her the attention she wanted and needed.

Long story short. She left me and I lost it all.

The moral of my story is dont let bitcoin take ahold of you like it did me, relationships are what matter and once you lose them you can't get them back.

She's already moved on and found a man that is giving her the attention she needs and I'm lonely, broken hearted and in more debt than I've ever been in, in my life.

[btcprospecter]

What a harrowing story. What a nightmare to lose everything chasing loses is never a good idea but like most money related things greed always becomes the problem expecially when you see what you had and how easily you got it just bad luck on chasing it. it could of gone the other way

[nekochan05]

i feel sorry for your problem, man.
but don't blame on bitcoin.. bitcoin can't take your soul, all happened because you let your bad management of time and your low self-control on what you obsessed to take control your life/your soul
at least, you can got lesson about life from this all..
try to control yourself and manage your time for make a better life..

[Jeremycoin]

The title should be change to "Don't let money overtake your soul"

[Lauda]

Op, please don't blame your life problems on bitcoin. Bitcoin is just money, an asset, a tool. You are the one who are in charge of your life.

Correct. OP is wrong. Bitcoin has probably been the closest thing to me since sometime in 2013 and my life just keeps getting better because of it. OP has made insane mistakes with ignorant gambling and probably did not really realize that when he spends X amount of Bitcoins somewhere that it is a lot of "real" money (with real I mean cash equivalent). I've seen this problem with quite a few people.

The title should be change to "Don't let money overtake your soul"

Better: "Don't gamble & don't blame Bitcoin for your idiocy". Hopefully being harsh will help him learn from his mistakes.

[Nimbulan]

im not too much worried about it reading about bitcoins and using it takes only a small part of my life and everything is going pretty fine for me in my opinion so bitcoins are not causing me any problems in contrast it makes my life better as i earn some money

[johnyj]

It all started for me back in April of 2014.

The following year my girlfriend and I had broken up for a few months because I had become so obsessed with reading about bitcoin and was being neglectful to her needs.

I had promised her that I wouldn't constantly be on my phone reading all the news related to bitcoin and watching the price fluctuations and on July 16th 2014 I asked her to marry me.

I kept my promises to her for a while. Until April 2015 when my miners that I used for solo mining actually found a block.

It was my first time finding one after over a year of trying and seeing 25 coins in my wallet worth almost $6,000.00 was so exhilarating and I felt like I was on cloud 9

I told my fiance about it and for the first time she was happy i had gotten involved into mining bitcoin.

I made a promise never to touch them until we we ready to retire.

A few days later I purchased 1 bitcoin and rented some hashpower and tried my luck at solo mining again.

Before I had spent even 1/4 of that bitcoin I found another block.

Woo hoo! This is easy I told myself.

Of course I told her about it and again she was very pleased

Stop right here, give the coins to her and a nice story!  

All story have a bad end if it lasts enough long

[iv4n]

I sold my soul to the devil, and devil come back for more!!! 

Well we shoul behave like that for about everything around us, not just bitcoin. But some things are good to be overtaken from mmm

[megatron1337]

some people have compulsive personalities and i think you are one of those. I understand it's difficult to let go,but sometimes you just have to stay away and remember how it affects everybody around you.
Also stop feeling sorry for yourself,get up,walk with your chin up and move forward.

[cellard]

The main point of Bitcoin is being able to stop being on debt. I personally would never get on debt or take a loan in hopes to get more Bitcoin, I prefer to work and risk said money (that I can afford to lose on that particular time) than speculate with being able to pay back interest.

[bitcoinstarter]

Cliff notes?

Sure:

• Had girlfriend
• Spent excessive time obsessing about bitcoin, lost girlfriend
• Promised to stop obsessing about bitcoin, girlfriend becomes wife
• Failed to understand the mathematics of economic theory and basics of bitcoin mining
• Lied to wife about losing money in attempt to gain more bitcoins
• Covered up the lie by lying more and using excessive debt to try and gain more bitcoins
• Obsessively used the same process that caused the debt to try to gain enough bitcoins to get out of the overwhelming debt before wife finds out
• Wife found out.  No more wife. No more bitcoins. No more money.

Thank you for this. Much needed!

[Mr. Forum]

I am sorry buddy for what you had to go through. I can honestly say that there is always an addiction related to the trading of bitcoins. If you are not careful of what you are doing and the number of times you spend in your laptop, then you will have to loose a lot. I remembers i had been so much involve in this bitcoin thing to an extend that I was forgetting the responsibilities i had to my family. Just setting your limits and the extend to which you are working will be a savior to a lot of things.

[Chef Ramsay]

My advice for noobs, to avoid situations unfolding like this, is to just keep accumulating what you can in bitcoin and store it wisely. Don't start investigating every potential way to score easy bitcoin because this is what leads to unhealthy greed and consequentially, to bad decisions. Don't trade, mine, gamble, just keep it honest and if you have a long range, positive outlook for bitcoin then everything will fall into play in due time. However, since the price of coins is on the rise, every .1 that you can grab for yourself and save will be a plus for you down the road. That's why trading the unknown is troublesome, unless you already have a stash and you're just playing w/ loot from your checking account.

In essence, getting into bitcoin leads one to read as much as possible about the whole ecosystem and the wanting to grab more coinage in any way possible w/o understanding and/or respecting the risks. At some point, those that haven't saved up and are chomping at the bit to get more coinage are desperate to try less trusted means of acquiring and the result could end in the same way as the OP. The sad thing is none of this will change as each subsequent subset of people will learn about and get into bitcoin at different price ranges and then will have undergone different seasons in the bitcoin world which will have tested their nerves in different ways but if one can keep on buying more coins and saving them w/o the urge to gamble, they'll be fine as the coin matures into what they assumed it was going to be once they decided to buy in in the first place. Most of us have made mistakes because of the learning curve and if I could do it over again (which I don't wish to), I would've just saved every last coin I ever bought.

[dothebeats]

A sad story, but you can't blame bitcoin for what happened to you. You've already lost a significant sum in your first take into your 'method' and yet you have the guts to get a loan and repeat that same method and somehow game the system so that you'll get your money back. That's idiocy at its finest, man. I feel sorry, but somehow I don't seeing that it's your fault in the first place.

[calkob]

It all started for me back in April of 2014.

The following year my girlfriend and I had broken up for a few months because I had become so obsessed with reading about bitcoin and was being neglectful to her needs.

I had promised her that I wouldn't constantly be on my phone reading all the news related to bitcoin and watching the price fluctuations and on July 16th 2014 I asked her to marry me.

I kept my promises to her for a while. Until April 2015 when my miners that I used for solo mining actually found a block.

It was my first time finding one after over a year of trying and seeing 25 coins in my wallet worth almost $6,000.00 was so exhilarating and I felt like I was on cloud 9

I told my fiance about it and for the first time she was happy i had gotten involved into mining bitcoin.

I made a promise never to touch them until we we ready to retire.

A few days later I purchased 1 bitcoin and rented some hashpower and tried my luck at solo mining again.

Before I had spent even 1/4 of that bitcoin I found another block.

Woo hoo! This is easy I told myself.

Of course I told her about it and again she was very pleased.

This time I promised I would only use five coins to try and solo mine another block.

Well I lost the five.

Then more, then more and more and more until I had lost it all.

I couldn't tell her what I had done, couldn't admit that I had turned into a compulsive gambler and threw it all away.

So what did I decide to do?

I took out a home equity loan and borrowed $30,000.00 so I could purchase about 75 coins at the time.

I just knewI had figured out a system and with that many coins I would be able to get back what I had lost and repay my home equity loan.

So from April 2015 until mid December 2015 I tried every method I could come up with to try and outsmart the system.

At times I would spend an average of 1 bitcoin per day assuming it would take me no longer than 25 days to find a block and if I found one earlier then that then obviously I had come out ahead and I would pick a different address to solo mine to. It had to work, how couldn't it. At other times I would rent enough hashpower that I should have found a block within 12 hours.

Well it was quiet a roller coaster. From April of 2015 until mid December of 2015 I would estimate I found at least ten blocks probably more.

But I never could get back to where i started. I would get to the point where I was about to lose it all then I'd find a block.

Then I'd use that one to try and find more. When I was about to lose it all again, I'd find another one.

This process of losing almost everything and then gaining back a little, rinse wash and repeat continued for 8 months.

It was the most stressful time of my life.

All I could think about was getting back what I had lost so I wouldn't have to tell my fiance what I had done.

She felt neglected because I was always swiping my phone to see my new "best share" and to see how close I was to finding another block and a dark cloud followed me everywhere I went.

My negativity and despair showed on my face and she didn't understand why because I couldn't be honest about what I was doing because I was so ashamed.

Every day she would complain how I was always on my phone and not paying any attention to her, and I wanted so bad to just get back what I had lost and give her the attention she wanted and needed.

Long story short. She left me and I lost it all.

The moral of my story is dont let bitcoin take ahold of you like it did me, relationships are what matter and once you lose them you can't get them back.

She's already moved on and found a man that is giving her the attention she needs and I'm lonely, broken hearted and in more debt than I've ever been in, in my life.

sorry to hear about your problems man but bitcoin isnt the problem its you, you r a gambler, if it hadnt been bitcoin then it probably would have been something else..... name your vice.  again sorry to hear but you need to get some help with dealing with your compulsive nature.

all the best

[knowhow]

Ambitious is what made you lost both things,you made wrong choises,being marryed you must be clear ,is the same to have another woman soon or later your wife will catch.I had thinked before ,sometime ago request a loan to play bitcoins todays i would be smiling and would had repay the loan since bitcoin last months is getting more value,but i have a family that is more important then my ambitious ,soo i had choose family ,later i can give a try but must be shared since you are playing with savings from both not only you anymore.

[Harrison Bergeron]

SFYL, OP. I genuinely wish that you had quit while you were ahead (i.e. after your first two successfully mined blocks).

For those of us who are interested in trying out our luck at the cloud mining game, would you mind informing us the name of company or service from which you rented hash power?

[l8nit3]

What a story, thank you for sharing, it couldnt have been easy to post this in such a public way. I'm sorry to hear that BTC has effected you in such a way, and hope you much luck and success in your future endeavours.

[adamstgBit]

The following year my girlfriend and I had broken up for a few months because I had become so obsessed with reading about bitcoin and was being neglectful to her needs.

Been there done that 
I separated with the mother of my 2 kids, in part because of my bitcoin obsession

The moral of my story is dont let bitcoin take ahold of you like it did me, relationships are what matter and once you lose them you can't get them back.

cant argue with that, dont bitcoin so much your gf feels you love bitcoin more than her.

She's already moved on and found a man that is giving her the attention she needs and I'm lonely, broken hearted and in more debt than I've ever been in, in my life.

Good, you should do the same... take some time to work on yourself and good things will come.