losing 50 bitcoins gambling

[South Park]

How would you feel if you lost 50 btc after gambling... https://nitrogensports.eu/betslip/92ff9f2dmRCeSttM0U0a1dPZ0tTSDd4OW4vZz09/r/2744 What's the biggest loss you've taken before, and do you have any good coping strategies? I do wonder if it's better or not to express anger or to just try and ignore it as best as possible. Personally I just get angry and yell some swears, but curious how other people react when losing and any tips on coping.

In the event that I lost 50 bitcoins in a gamble, then I would inevitably be depressed and reflect on my actions as an individual with priorities. That is primarily the reason why gambling has the potential in destroying your life when it comes to decision making. It creates this endless illusion of you betting and betting again regardless of your winnings or losings. Gambling can never be profitable in the long-run and that link is the living example of it especially when YOU DO NOT KNOW WHEN AND HOW TO STOP gambling.

Can you imagine losing something close to 300k dollars in a few hours? I will be devastated, that amount of money is enough in my country to buy several properties, and if you hold for a long time and the price of bitcoin becomes higher that could be enough to retire and never have to work again.

Only rich people can gamble so much money like that in few hours and if it's a rich person there is much more money besides the 50 BTCs lost on gambling game. So I think this person wouldn't become mad about it... Probably this person would recover the 50 BTCs really fast with investments or income from any kind of rentable business. We think this is extreme because we don't have much money on our pockets like these big gamblers. 

But how rich you need to be to be able to lose 50BTC and not regret even if someone had like 1000BTC losing 50 BTC is still 5% of your whole net worth and that is always going to hurt no matter who you are, so unless that person is a whale then he felt that loss.

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[Emitdama]

If i lost 50 bitcoins in gambling with the current rate now, oli would probably call myself an addict. Funny but it's already equivalent to millions in our currency and being able to lost that much is not a good thing. Maybe regret that i lost it thru that and for sure will make a lesson for me to always set limitations especially in gambling for it's really tempting.

Yes, but this was in may 2016. when bitcoin price was 400$, $20K can't be compared to $300K.
Probably this player had $20K which he could afford to lose, I know it sounds big to you and me and most people here, but rich people are gambling too and this is probably nothing to them.

What you told is correct as this bet is in btc that is why it make difference because of when the bet was made that time btc price was very low and if you calculate in usd then that much of bet as usually made by big gamblers so it wont have affected him, but thinking of betting with this much high bet you wont have guts to bet it. and even the gambling site also wont support that much high bets.

On those times those gamblers wouldnt really be affected but yet 50 bitcoins on those times is still big and only a whale could afford to do make such betting. If we do try to look on its current rate on that 50 bitcoins it is almost $285k which it is really too much on wasting up playing gambling and for sure gambler would remember this moment will surely regret on how much cost did he lost up.

They probably did not think that bitcoin price will skyrocket and only bought bitcoin for the sake of gambling. And yes even if bitcoin at that time is just $400 its still a big money to waste he must be very rich man who throw away his $20,000 money in gambling.

This is reality which there are really people who can really take the risk on putting or using huge money in gambling  we cant really force them not to so such thing since they do really have the capability on playing on those ranges which it is actually have the advantage if you have bigger bankroll but the risk is more higher.Even throwing $1000 on gambling already give me the hesitation how much more on that amount.

Losing will always give you lesion and you will remember that mistake in whole of your life, and losing so much amount is relay a havoc because 50 bitcoin is very high amount and in future you must have to gamble at low this is the lesson you must learn and you must have to work on some of skills so that in future you will not face such kind of bumps and afterward there will be progress in your gaming strategy.

[Vaculin]

I think to gamble my bitcoins has been my worst mistake in the crypto life so far. I should have never used them to play casinos and stuff.
On the long run the house always wins.

good for you to have this lesson in life and make sure that you will able to quit and never to come back, gambling is not for everyone those who can survive
with this activity are those who can afford to control their emotions and knows what is there limitations.

Right.Gambling is just for fun,and not to be taken seriously.I'm sure you won't gamble anymore,or if you want it sometimes but not with your bitcoins.That's too much to lose.You work hard just to earn bitcoin so it should not be wasted by any means.Learn to value things that are of biggest importance.

[michkima]

I think to gamble my bitcoins has been my worst mistake in the crypto life so far. I should have never used them to play casinos and stuff.
On the long run the house always wins.

good for you to have this lesson in life and make sure that you will able to quit and never to come back, gambling is not for everyone those who can survive
with this activity are those who can afford to control their emotions and knows what is there limitations.

Right.Gambling is just for fun,and not to be taken seriously.I'm sure you won't gamble anymore,or if you want it sometimes but not with your bitcoins.That's too much to lose.You work hard just to earn bitcoin so it should not be wasted by any means.Learn to value things that are of biggest importance.

This is one of the reasons that every gambler should have had some sort of seminar or education that taught us that gambling is just for fun and all those concepts we know here on the forum. To be honest, there are a lot of new gamblers that think gambling is a source of income and it could be turned into a livelihood. Well, the are down right wrong, and in the end they end up with huge losses.

[South Park]

I think to gamble my bitcoins has been my worst mistake in the crypto life so far. I should have never used them to play casinos and stuff.
On the long run the house always wins.

It depends on your expectations, if you know from the beginning that gambling is not going to make you money and you are just gambling for fun then losing those bitcoins was not a big deal but if you thought that you could multiply that bitcoin then those were hurtful loses from your part since gambling is not an activity in which you can make money.

[stolendata]

I think to gamble my bitcoins has been my worst mistake in the crypto life so far. I should have never used them to play casinos and stuff.
On the long run the house always wins.

good for you to have this lesson in life and make sure that you will able to quit and never to come back, gambling is not for everyone those who can survive
with this activity are those who can afford to control their emotions and knows what is there limitations.

Right.Gambling is just for fun,and not to be taken seriously.I'm sure you won't gamble anymore,or if you want it sometimes but not with your bitcoins.That's too much to lose.You work hard just to earn bitcoin so it should not be wasted by any means.Learn to value things that are of biggest importance.

But i do not think that 99% people play gambling for fun and enjoyment. it think most of the people play gambling for making money. Gambling attract  people toward itself as they consider gambling the easiest way of making money, but in fact it is not so, gambling is the most risky way of making money and there are always chances that you wall lose your money in gambling, therefore i think the best option is to play gambling in a limit.

[Betwrong]

I think to gamble my bitcoins has been my worst mistake in the crypto life so far. I should have never used them to play casinos and stuff.
On the long run the house always wins.

good for you to have this lesson in life and make sure that you will able to quit and never to come back, gambling is not for everyone those who can survive
with this activity are those who can afford to control their emotions and knows what is there limitations.

Right.Gambling is just for fun,and not to be taken seriously.I'm sure you won't gamble anymore,or if you want it sometimes but not with your bitcoins.That's too much to lose.You work hard just to earn bitcoin so it should not be wasted by any means.Learn to value things that are of biggest importance.

But i do not think that 99% people play gambling for fun and enjoyment. it think most of the people play gambling for making money. Gambling attract  people toward itself as they consider gambling the easiest way of making money, but in fact it is not so, gambling is the most risky way of making money and there are always chances that you wall lose your money in gambling, therefore i think the best option is to play gambling in a limit.

I think you are right unfortunately. Most gamblers don't play for fun. Poor people think that gambling is a way to make fast money but in fact it's a way to lose your money fast. But still there are people who gamble to unwind from daily stressful life or from hard work, and they gamble for fun putting limits on their bets and thus not losing much.

[poplolnman]

I think to gamble my bitcoins has been my worst mistake in the crypto life so far. I should have never used them to play casinos and stuff.
On the long run the house always wins.

It depends on your expectations, if you know form the beginning that gambling is not going to make you money and you are just gambling for fun then losing those bitcoins was not a big deal but if you thought that you could multiply that bitcoin then those were hurtful loses from your part since gambling is not an activity in which you can make money.

lol it's always be a big deal when you lost that much money , your assumption are so wrong. if you think gamble are for having fun only and then of course you will never lost too much money . just an extra money that you can afford to lose. but yeah if you think that 50 btc are something that you can afford to lose then it's gonna be a different story.

[BillCoin]

WOW.
But I guess that the one who did the best is probably a millionaire.
For me 50btc is an huge amount, but for people who has money it is much easier to lose this amount, I am just surprised that nitrogensports let him place this bet, which was about 100k$ at the time of the best, usually they have a limit cap of about 20K at nba games, amazing!.

[moooonu]

I have seen a guy loosing 1000 bitcoins in just one bet on justdice and another guy loosing more than 300+ btc on pd. but at that time btc was much less than 200$. This guy is really crazy or too rich to afford that much of money.

[FasTroy]

I have seen a guy loosing 1000 bitcoins in just one bet on justdice and another guy loosing more than 300+ btc on pd. but at that time btc was much less than 200$. This guy is really crazy or too rich to afford that much of money.

Omg, Its too big amount to lose, I can't believe why he put this high amount of btc in gambling games. As i think now 1000 btc it's worth 5853k$, It's really a crazy guy to do this bet. Maybe as you said, he is too rich to put this high amount in just one bet, or maybe he is too crazy like i said.

[sulendra12]

Those guys just throwing away their money. I don't know if they were rich or just a stupid guy who would like to make trending topic with those silly action. You shouldn't follow that strategy and don't even think to make big money through gambling.

[marlboroza]

How would you feel if you lost 50 btc after gambling... https://nitrogensports.eu/betslip/92ff9f2dmRCeSttM0U0a1dPZ0tTSDd4OW4vZz09/r/2744 What's the biggest loss you've taken before, and do you have any good coping strategies? I do wonder if it's better or not to express anger or to just try and ignore it as best as possible. Personally I just get angry and yell some swears, but curious how other people react when losing and any tips on coping.

In the event that I lost 50 bitcoins in a gamble, then I would inevitably be depressed and reflect on my actions as an individual with priorities. That is primarily the reason why gambling has the potential in destroying your life when it comes to decision making. It creates this endless illusion of you betting and betting again regardless of your winnings or losings. Gambling can never be profitable in the long-run and that link is the living example of it especially when YOU DO NOT KNOW WHEN AND HOW TO STOP gambling.

Can you imagine losing something close to 300k dollars in a few hours? I will be devastated, that amount of money is enough in my country to buy several properties, and if you hold for a long time and the price of bitcoin becomes higher that could be enough to retire and never have to work again.

Only rich people can gamble so much money like that in few hours and if it's a rich person there is much more money besides the 50 BTCs lost on gambling game. So I think this person wouldn't become mad about it... Probably this person would recover the 50 BTCs really fast with investments or income from any kind of rentable business. We think this is extreme because we don't have much money on our pockets like these big gamblers.  

But how rich you need to be to be able to lose 50BTC and not regret even if someone had like 1000BTC losing 50 BTC is still 5% of your whole net worth and that is always going to hurt no matter who you are, so unless that person is a whale then he felt that loss.

Yes, but what if he had 100000 bitcoins? Then 50 is meaningless to him even though it is lots of money, and when you see whale gambling with large amount of money(recently i saw 70 btc or something like that in single bet) it can only mean that they are sitting on bags full of bitcoins.
And to be honest that is nothing compared to Laszlo's 10000 bitcoin worth pizza.

[JasonXG]

That is so much to lose. I think its time to stop. You played you lost you learnt your lesson. Gambling is not for you so you must accept that and move on before losing even more. Maybe you have an addiction problem and must get help. I feel bad for you but you did it to yourself. Its not the end if the world. Work hard and make the money back. If you dohabe to gamble again please use limits so this doesn't happen again.

[South Park]

How would you feel if you lost 50 btc after gambling... https://nitrogensports.eu/betslip/92ff9f2dmRCeSttM0U0a1dPZ0tTSDd4OW4vZz09/r/2744 What's the biggest loss you've taken before, and do you have any good coping strategies? I do wonder if it's better or not to express anger or to just try and ignore it as best as possible. Personally I just get angry and yell some swears, but curious how other people react when losing and any tips on coping.

In the event that I lost 50 bitcoins in a gamble, then I would inevitably be depressed and reflect on my actions as an individual with priorities. That is primarily the reason why gambling has the potential in destroying your life when it comes to decision making. It creates this endless illusion of you betting and betting again regardless of your winnings or losings. Gambling can never be profitable in the long-run and that link is the living example of it especially when YOU DO NOT KNOW WHEN AND HOW TO STOP gambling.

Can you imagine losing something close to 300k dollars in a few hours? I will be devastated, that amount of money is enough in my country to buy several properties, and if you hold for a long time and the price of bitcoin becomes higher that could be enough to retire and never have to work again.

Only rich people can gamble so much money like that in few hours and if it's a rich person there is much more money besides the 50 BTCs lost on gambling game. So I think this person wouldn't become mad about it... Probably this person would recover the 50 BTCs really fast with investments or income from any kind of rentable business. We think this is extreme because we don't have much money on our pockets like these big gamblers.  

But how rich you need to be to be able to lose 50BTC and not regret even if someone had like 1000BTC losing 50 BTC is still 5% of your whole net worth and that is always going to hurt no matter who you are, so unless that person is a whale then he felt that loss.

Yes, but what if he had 100000 bitcoins? Then 50 is meaningless to him even though it is lots of money, and when you see whale gambling with large amount of money(recently i saw 70 btc or something like that in single bet) it can only mean that they are sitting on bags full of bitcoins.
And to be honest that is nothing compared to Laszlo's 10000 bitcoin worth pizza.

But even if someone is siting in that many coins you cannot sustain a gambling habit like that, if what you said is true then it is impossible for this person to keep holding his original stash of bitcoin at some point even bets of that size are going to begin to hit the size of his bankroll.

[Oilacris]

How would you feel if you lost 50 btc after gambling... https://nitrogensports.eu/betslip/92ff9f2dmRCeSttM0U0a1dPZ0tTSDd4OW4vZz09/r/2744 What's the biggest loss you've taken before, and do you have any good coping strategies? I do wonder if it's better or not to express anger or to just try and ignore it as best as possible. Personally I just get angry and yell some swears, but curious how other people react when losing and any tips on coping.

In the event that I lost 50 bitcoins in a gamble, then I would inevitably be depressed and reflect on my actions as an individual with priorities. That is primarily the reason why gambling has the potential in destroying your life when it comes to decision making. It creates this endless illusion of you betting and betting again regardless of your winnings or losings. Gambling can never be profitable in the long-run and that link is the living example of it especially when YOU DO NOT KNOW WHEN AND HOW TO STOP gambling.

Can you imagine losing something close to 300k dollars in a few hours? I will be devastated, that amount of money is enough in my country to buy several properties, and if you hold for a long time and the price of bitcoin becomes higher that could be enough to retire and never have to work again.

Only rich people can gamble so much money like that in few hours and if it's a rich person there is much more money besides the 50 BTCs lost on gambling game. So I think this person wouldn't become mad about it... Probably this person would recover the 50 BTCs really fast with investments or income from any kind of rentable business. We think this is extreme because we don't have much money on our pockets like these big gamblers.  

But how rich you need to be to be able to lose 50BTC and not regret even if someone had like 1000BTC losing 50 BTC is still 5% of your whole net worth and that is always going to hurt no matter who you are, so unless that person is a whale then he felt that loss.

Yes, but what if he had 100000 bitcoins? Then 50 is meaningless to him even though it is lots of money, and when you see whale gambling with large amount of money(recently i saw 70 btc or something like that in single bet) it can only mean that they are sitting on bags full of bitcoins.
And to be honest that is nothing compared to Laszlo's 10000 bitcoin worth pizza.

But even if someone is siting in that many coins you cannot sustain a gambling habit like that, if what you said is true then it is impossible for this person to keep holding his original stash of bitcoin at some point even bets of that size are going to begin to hit the size of his bankroll.

Even you have thousands of bitcoins and if you betting style would retain on that size then those small amounts will pile up until it would become big and you will be shocked later on that you are losing too much big amount and end up on regretting.If you do have millions of bitcoin then it is still not fine to waste up your money on those kind big bets if we do equate it on the recent price of bitcoin.

[glowing10]

When he losses 5 btc.he should have realize that luck wasnt on him.and stopped right away.why waited for 50btc .its a big loss that can change life for good.if he only valued the BtC as fiat

People who are addicted cannot realize this that they are losing it and should stop. They think that they can easily make money from gambling and will become millionaire. In this hunt they end up losing a huge amount of money which is sad to hear.

[bering]

Those guys just throwing away their money. I don't know if they were rich or just a stupid guy who would like to make trending topic with those silly action. You shouldn't follow that strategy and don't even think to make big money through gambling.

maybe that person was rich and also stupid guy who willing to spend a lot of bitcoin to satisfy his hobby in gambling and i think this guy never thinking the risky for losing his money although it was happened last year when bitcoin price not really high just like this year but 50 btc still very big amount if only to spend for gambling

[flower1024]

When he losses 5 btc.he should have realize that luck wasnt on him.and stopped right away.why waited for 50btc .its a big loss that can change life for good.if he only valued the BtC as fiat

People who are addicted cannot realize this that they are losing it and should stop. They think that they can easily make money from gambling and will become millionaire. In this hunt they end up losing a huge amount of money which is sad to hear.

The addicted gamblers intention is not to become a milliner, they play to win more games, and they want to show others that they are experts in gambling. If they really care for money, then they will not lose money like this am I right.

[abramovich]

Those guys just throwing away their money. I don't know if they were rich or just a stupid guy who would like to make trending topic with those silly action. You shouldn't follow that strategy and don't even think to make big money through gambling.

maybe that person was rich and also stupid guy who willing to spend a lot of bitcoin to satisfy his hobby in gambling and i think this guy never thinking the risky for losing his money although it was happened last year when bitcoin price not really high just like this year but 50 btc still very big amount if only to spend for gambling

not a possibility but that person is really rich. because he is willing to spend 50 bitcoin just to gamble. and if I own 50 bitcoin better I make to help people who can not afford it. that if I personally