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Author Topic: losing 50 bitcoins gambling  (Read 7882 times)
Lecam
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December 11, 2017, 07:08:31 PM
 #441

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.

That's why gambling addiction is not good especially with bitcoin because you can lose a lot of money because whenever you gamble with bitcoin you are not aware how much money have you lost. It's really difficult to quit gambling once you get addicted to it. The best way to prevent losing money in gambling is to control your self when you gamble.
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December 11, 2017, 07:33:45 PM
Last edit: December 11, 2017, 07:52:08 PM by emberbekas
 #442

The bet was made in May 17, 2016. At that time the price of bitcoin was around 450 USD if I am not wrong. 50 bitcoin is a large amount of money even though at a price of $ 450. Not every gamblers can afford to lose it or even have it. I will have a long regret if I lost such amounts.

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December 24, 2017, 12:16:10 AM
 #443

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.

Will that 50bitcoins is a large amount of loosing digital money,ive never experienced that kind of loosing because im only a beginner in terms of gambling,i can never afford that such kind of capital loosing.maybe those people loose that such kind of huge money is a bitcoin millionare and those kind of amount loosing they never mind,what happen to there bitcoin.if that situation happen to me i think i loss my mind.

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December 24, 2017, 01:46:02 AM
 #444

The bet was made in May 17, 2016. At that time the price of bitcoin was around 450 USD if I am not wrong. 50 bitcoin is a large amount of money even though at a price of $ 450. Not every gamblers can afford to lose it or even have it. I will have a long regret if I lost such amounts.
Even myself would do the same, but the question is where will I get that big amount to bet, even all my life savings is not enough to equal that 50 btc amount he bet, he must be very rich to put that big amount, if he can afford to lose then I think he deserve to enjoy gambling although he lose his bet.

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December 24, 2017, 02:25:06 AM
 #445

The bet was made in May 17, 2016. At that time the price of bitcoin was around 450 USD if I am not wrong. 50 bitcoin is a large amount of money even though at a price of $ 450. Not every gamblers can afford to lose it or even have it. I will have a long regret if I lost such amounts.
Even myself would do the same, but the question is where will I get that big amount to bet, even all my life savings is not enough to equal that 50 btc amount he bet, he must be very rich to put that big amount, if he can afford to lose then I think he deserve to enjoy gambling although he lose his bet.
A heavy gambler with a very big bankroll, not sure how this thing happen without any control maybe he's really a rich person who can afford losing that much but for an average person ike us 50btc even back then is already a huge amount, maybe after btc rise to this height losing again this much would be unusual.
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December 24, 2017, 02:50:37 PM
 #446

Even as at when BItcoin price was less than $1K USD, I can’t understand how or why I would even contemplate a losing streak of 1BTc, let alone of 50.  That is a massive amount of Btc/money to lose.  I consider myself a novice gambler therefore I don’t/can’t gamble with such huge amounts beceuase I would probabaly go crazy if I lost that amount of bitcoin.  Probabaly, if you’re a whale, it wouldn’t matter so much, but it sa huge amount to lose.
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December 24, 2017, 04:49:08 PM
 #447

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.

My biggest loss at one time was 20€. It's not that much so I wasn't that pissed. But of course, nobody likes to lose. Smiley
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December 24, 2017, 06:49:48 PM
 #448

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.

My biggest loss at one time was 20€. It's not that much so I wasn't that pissed. But of course, nobody likes to lose. Smiley

If you set limits for yourself and you are a sports gambler you are likely to be loosing something ;like this every now and then so it wouldn't be a big deal but for you to loose 50 bitcoins in recent times is a big loss by any means  and you can't take it lightly even if you were a billionaire.
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December 24, 2017, 08:33:04 PM
 #449

Even as at when BItcoin price was less than $1K USD, I can’t understand how or why I would even contemplate a losing streak of 1BTc, let alone of 50.  That is a massive amount of Btc/money to lose.  I consider myself a novice gambler therefore I don’t/can’t gamble with such huge amounts beceuase I would probabaly go crazy if I lost that amount of bitcoin.  Probabaly, if you’re a whale, it wouldn’t matter so much, but it sa huge amount to lose.

This is just what I wanted to say, because the amount is extremely high especially with the standards of gambling which Could makes you losing all your money in a single bet. There so much of recklessness in this idea, I understand very well the desire of earning the most amount of money in gambling, but this I can never be understood. To conclude, I want to mention that this experience proves that the worst thing in gambling is the greed.

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December 26, 2017, 06:53:45 PM
 #450

I think losing 50 BTC in gambling is really insane which could lead us to broke. Stop gambling if you're still okay in finances. Just find a job or income from investing or trading.
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December 26, 2017, 06:58:07 PM
 #451

I think either you are having some large bitcoin cold storage reserves which really make you fearless and you gamble so much bitcoins or you are a lunatic just throwing away the most precious asset one could have. If I would have 50 bitcoin I would just shut up and live peacefully even if you want to do something better try trading it over an exchange. Atleast you have a very good chance of earning profits.
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December 26, 2017, 07:46:15 PM
 #452

50 Bitcoins is the very big amount the person can lose. I personally don't play for the profit and I am entering the gambling rooms with the limited amount of money which, when lost, is pulling me back to the reality. I had looses before In my life but they were never big and that was in the time when I've first entered the gambling rooms. In some other dimension where I would lose this amount of money, I would probably be very angry at myself cause with that kind of BTC people can do wonders. I've learned something from other people mistakes and that is valuable. Th thing is that I won't put more money to win back my losses. A loss is a loss and win can come another day. I have fun and enjoy my spins and that way I am restraining myself from even having a thought about possible extra bets that could lead me to the demise and doom.

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December 26, 2017, 09:29:04 PM
 #453

I would not even know what to do if i lose that huge amount of money, honestly, i would even consider about commit suicide, i am seriously.

I think losing 50 BTC in gambling is really insane which could lead us to broke. Stop gambling if you're still okay in finances. Just find a job or income from investing or trading.

But the OP Lost that money more than months ago, when the price was less than 10 times lower than what it is right now.

But yes, it is a huge amount of money and maybe it would be much more depressed to know that you los something that now has increased by more than ten times from what it was before.


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December 26, 2017, 10:47:17 PM
 #454

50 bitcoins is not a joke. I haven't reach 1 bitcoin yet. Having 50 bitcoins is more than a lot. In your case of loosing it, well its really upsetting. However, I guess you have more than 50 bitcoins before you loose it. I know you have already set yourself before betting it that it might loose from you. I know its not easy but more than loosing it is the lesson you learn from it. You may cry or regret now after a while you will see the lessons behind it. You must probably be ok now. Or have gain back your losses. In the end, it all start with who or what will you choose. To regret or to move on and play it again.

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December 26, 2017, 10:50:44 PM
 #455

I would have probably stopped after losing a single bitcoin. Losing 50 is simply crazy except for when btc price was not yet too high.
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December 26, 2017, 11:06:45 PM
 #456

I would have probably stopped after losing a single bitcoin. Losing 50 is simply crazy except for when btc price was not yet too high.
Even me i will stop playing gambling games, i thunk if i only lose 1 bitcoin i am going crazy then 50 bitcoin i think im gonna die if that will happen. Much better to keep away in gambling until you dont lose something big amount of bitcoin this is not profitable only house collect income with all their players.
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December 26, 2017, 11:18:35 PM
 #457

Loosing in gambling is still loosing whether you loose bitcoin or fiat money because you are actually loosing the amount of money in fiat that you purchased your coins with ( of course if you bought them and didn't do some work to get them , because if you gambled with all your income then you should really feel ashamed and try to work better on your way of spending .. ) . But loosing such a huge figure (787k dollars with the current value ) should be devastating since it's a small fortune that you can lead a good life with it for the rest of your life . And trying to win it back will make you loose more , so get over it and over gambling in general .
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December 27, 2017, 06:25:57 PM
 #458

50 Bitcoins is too big amount to gamble! First of all I think you should only gamble with a little and limited amount(Which you can increase of course, based on your financial condition). But, 50 bitcoin is such a large amount. Betting 50 Bitcoins in gambling is crazy and foolish! Gambling should be done only for fun and when it starts to get stressful it should be stopped. Betting 50 bitcoins and losing them can literally lead to a heart attack! I don't think risking an amount this big would be worth at all.
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December 27, 2017, 07:39:08 PM
 #459

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.

I would really feel bad because 50 bitcoin is not a joke. It's a high amount of money and it would be difficult to earn that much money in a short period of time. That's why I really think that gambling addiction is not good. You might lose all the things that you have if you are addicted to gambling.
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December 28, 2017, 01:35:28 AM
 #460

50 Bitcoin is already enough for me to buy my dream house. I feel this person's situation. I gambled my money before. All of my salary for 2 months went to nothing because I gambled it. It made me realized that gambling is not useful for me, hence, it will just lead me in being bankrupted. I was depressed at that time when I lose all my salary. Someone approached me because of my situation before, she managed to help me stop gambling by simply decreasing my bet until I cannot gamble even just a single penny I have. From that time, I always thought that gambling will only lead my life to being nothing. So why not just save your money and make plans to have it grow bigger using a proper way. I still blame myself whenever I think about what I just done but eventually, this mistake made me stronger and helped me to be more wiser when it comes to money. Gambling is just losing or taking risk of your money all the time for me. It is just still based on every person's thinking of what gambling really is. I thought that way of gambling based on how I experienced it.

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