losing 50 bitcoins gambling

[bhadz]

If I'm not mistaken 1 bitcoin way back 2016 is $800 (correct me if I'm wrong at this). And by computing 50 bitcoins x $800 = $40,000 dang that's a lot of money thinking about the price was at that rate. It's even more hurtful if you'll trying to compare the price right now 50 bitcoins x $5,500 = $275,000 look at the difference that's totally a lot of money. I'll never do such a mistake just like this, felt sorry for niagwai.

If we only know what will happen in the future then we will not gamble that money will just hold it, the thing is at the time we gamble we only think of it's value in fiat that's why we allow it to be spent, but who would think of losing, it's just happen that we are unlucky at that time.
It's not actually on my range, I never spend that big number of bitcoin for gambling, I would even cry hard if I lose 1 btc in gambling.

There's no way to know what will happen in the future and everything is just speculation when it comes to the price of bitcoin. And we as gamblers we have to be responsible with our funds and we should make sure that we are doing the right thing about it. It's why limiting ourselves when we gamble is the right thing to do and you are not the only one that will cry if you lose 1 bitcoin and even me at 0.5 BTC.

[flower1024]

put much money on a single bet is not possible done by me, too risky. because when I pick a favorite team sometimes doesn't guarantee to win.
But if I lost that much, maybe I am a little crazy because the price of bitcoin is currently very high.

This is not good idea for any one I sure this person could be over confidence about this and put this huge amount on this one single bet now hope he could in good shape as its not easy to recover from these loses very big amount for me as well I never try with this amount on one single bet

Well i wouldn't say its not easy to recover but it would be almost impossible for a regular person to recover 50 bitcoins or it would take a long time, with much regret, before they can bounce back. So don't be foolish to gamble with that much money

Why throw good money over bad money? In trying to recover the 50 BTC, one shall be needs to play with about same amount again and once  again placing very risky bets.  Ideal thing to do her is to let go, take a break, tomorrow is another chance.

I think playing again gambling to recover that 50 BTC is the worst decision. very rarely you can gain back your lost in gambling so better do some other work to get back your lost then only you can recover your lost or else you will lose some more money in this process.

[el kaka22]

put much money on a single bet is not possible done by me, too risky. because when I pick a favorite team sometimes doesn't guarantee to win.
But if I lost that much, maybe I am a little crazy because the price of bitcoin is currently very high.

This is not good idea for any one I sure this person could be over confidence about this and put this huge amount on this one single bet now hope he could in good shape as its not easy to recover from these loses very big amount for me as well I never try with this amount on one single bet

Well i wouldn't say its not easy to recover but it would be almost impossible for a regular person to recover 50 bitcoins or it would take a long time, with much regret, before they can bounce back. So don't be foolish to gamble with that much money

Why throw good money over bad money? In trying to recover the 50 BTC, one shall be needs to play with about same amount again and once  again placing very risky bets.  Ideal thing to do her is to let go, take a break, tomorrow is another chance.

It is in the process of recovering that you even end up losing more.
Once you have lost that huge amount (which is too much to gamble anyway), the best is to go to someone very quiet and probably shout out on top of your voice and even cry if possible, then get back to doing something more tangible with your life knowing you are done with gambling for life ... I really wont imagine coming back after that kinda loss, cause it would be like being dealt with a huge blow.

I might even have to write to the house edge to at least just pardon my sins if possible. Worst case scenario, a screw in my brain could just get missing.

[crypto-bit]

sorry for the lost mate if im were you i should spend that amount somewhere else or i will goto for vacation together with hot babes lol

[serjent05]

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 my opinion, you shouldn’t get angry if you lost in a gamble. I mean, losing is part of gambling. And the weight of losing in a gamble is greater than that of winning. You took the risk in the first place. So if you lose, you just simply have to accept it and move on.

I agree .  The player should be a man enough to accept his loses.  It is his decision in the first place and no one pushes him to bet his huge money in gambling.  He do it in his own free will so it would be  embarassing to this guy if he cannot accept his loses.  I guess if that happen to me, ill just move on and shrug my shoulder.  It already happened and I cannot turn back time.

[ilovefeetsmell]

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.

50 btc? such a big amount to lose. I don't know what to do when it happens to me, maybe I will lose my mind and I will be so stressed for losing my bitcoin in gambling. It may take months before I recover myself within that moment. I will let those things as a lesson and don't do it again in the future. I'm going to get rid of this simple game to prevent of losing money

[milewilda]

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.

50 btc? such a big amount to lose. I don't know what to do when it happens to me, maybe I will lose my mind and I will be so stressed for losing my bitcoin in gambling. It may take months before I recover myself within that moment. I will let those things as a lesson and don't do it again in the future. I'm going to get rid of this simple game to prevent of losing money

50 btc? Its really hard to ignore such loss no matter how you divert your mind into other thing specially when you see the current price of each bitcoin which it would total $286k++ .Even if you are a whale for sure this kind of loss will really hurt you out.I cant even afford to lose up even 1 BTC or even 0.05 on playing gambling.This is really too much.

[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.

[mrcash02]

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. 

[michkima]

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. 

I guess that's true, only rich people gamble this much. But there some people that believe their bet is a sure win because they studied it well or they think the bookies made a mistake or that they have some sort of insider tip, but in the end they lose. Because of the advantage they think they had, they bet a big amount and just lost it.

[mharz]

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. 

I guess that's true, only rich people gamble this much. But there some people that believe their bet is a sure win because they studied it well or they think the bookies made a mistake or that they have some sort of insider tip, but in the end they lose. Because of the advantage they think they had, they bet a big amount and just lost it.

Even he or she rich losing that value are very very high amount. In our country on that amount you can buy big house and also a sports car. Losing that amount was so unforgettable, maybe you can't sleep on that. Moreover I know that your plan is to back in gambling casinos and try to play again until you reach back the amount you loose.

[serjent05]

If I'm not mistaken 1 bitcoin way back 2016 is $800 (correct me if I'm wrong at this). And by computing 50 bitcoins x $800 = $40,000 dang that's a lot of money thinking about the price was at that rate. It's even more hurtful if you'll trying to compare the price right now 50 bitcoins x $5,500 = $275,000 look at the difference that's totally a lot of money. I'll never do such a mistake just like this, felt sorry for niagwai.

If we only know what will happen in the future then we will not gamble that money will just hold it, the thing is at the time we gamble we only think of it's value in fiat that's why we allow it to be spent, but who would think of losing, it's just happen that we are unlucky at that time.
It's not actually on my range, I never spend that big number of bitcoin for gambling, I would even cry hard if I lose 1 btc in gambling.

There's no way to know what will happen in the future and everything is just speculation when it comes to the price of bitcoin. And we as gamblers we have to be responsible with our funds and we should make sure that we are doing the right thing about it. It's why limiting ourselves when we gamble is the right thing to do and you are not the only one that will cry if you lose 1 bitcoin and even me at 0.5 BTC.

I agree the problem with player that have no control over themselves is that they keep on going as long as they have fund.  Going all out then regretting when his bankroll got depleted.  We as a gambler should be responsible just like what bhadz stated.  We should act accordingly and adjust our selves in a way that we can minimize losses.  Let us not make ourselves be drifte on the river of greed and drown on the idea of chasing losses.

[cockers]

If I'm not mistaken 1 bitcoin way back 2016 is $800 (correct me if I'm wrong at this). And by computing 50 bitcoins x $800 = $40,000 dang that's a lot of money thinking about the price was at that rate. It's even more hurtful if you'll trying to compare the price right now 50 bitcoins x $5,500 = $275,000 look at the difference that's totally a lot of money. I'll never do such a mistake just like this, felt sorry for niagwai.

If we only know what will happen in the future then we will not gamble that money will just hold it, the thing is at the time we gamble we only think of it's value in fiat that's why we allow it to be spent, but who would think of losing, it's just happen that we are unlucky at that time.
It's not actually on my range, I never spend that big number of bitcoin for gambling, I would even cry hard if I lose 1 btc in gambling.

There's no way to know what will happen in the future and everything is just speculation when it comes to the price of bitcoin. And we as gamblers we have to be responsible with our funds and we should make sure that we are doing the right thing about it. It's why limiting ourselves when we gamble is the right thing to do and you are not the only one that will cry if you lose 1 bitcoin and even me at 0.5 BTC.

I agree the problem with player that have no control over themselves is that they keep on going as long as they have fund.  Going all out then regretting when his bankroll got depleted.  We as a gambler should be responsible just like what bhadz stated.  We should act accordingly and adjust our selves in a way that we can minimize losses.  Let us not make ourselves be drifte on the river of greed and drown on the idea of chasing losses.

Yeah the guy is stupid to think he would win that bet. I would not have risked a lot of money to do this.

[michkima]

If I'm not mistaken 1 bitcoin way back 2016 is $800 (correct me if I'm wrong at this). And by computing 50 bitcoins x $800 = $40,000 dang that's a lot of money thinking about the price was at that rate. It's even more hurtful if you'll trying to compare the price right now 50 bitcoins x $5,500 = $275,000 look at the difference that's totally a lot of money. I'll never do such a mistake just like this, felt sorry for niagwai.

If we only know what will happen in the future then we will not gamble that money will just hold it, the thing is at the time we gamble we only think of it's value in fiat that's why we allow it to be spent, but who would think of losing, it's just happen that we are unlucky at that time.
It's not actually on my range, I never spend that big number of bitcoin for gambling, I would even cry hard if I lose 1 btc in gambling.

There's no way to know what will happen in the future and everything is just speculation when it comes to the price of bitcoin. And we as gamblers we have to be responsible with our funds and we should make sure that we are doing the right thing about it. It's why limiting ourselves when we gamble is the right thing to do and you are not the only one that will cry if you lose 1 bitcoin and even me at 0.5 BTC.

I agree the problem with player that have no control over themselves is that they keep on going as long as they have fund.  Going all out then regretting when his bankroll got depleted.  We as a gambler should be responsible just like what bhadz stated.  We should act accordingly and adjust our selves in a way that we can minimize losses.  Let us not make ourselves be drifte on the river of greed and drown on the idea of chasing losses.

Yeah the guy is stupid to think he would win that bet. I would not have risked a lot of money to do this.

There are three things to be considered here. The gambler that did this bet would either be an early adopter of bitcoins with thousands and thousands of bitcoins in his wallet, or he is super rich and has a lot of money to waste in gambling (probably he's bill gales, lol), or maybe he is an addicted gambler that tried his luck at it and miserably failed to do so.

[acquafredda]

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.

[romero121]

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.

On the long run house makes the winning compared to the profiting that users experience. With gambling I've gained good experience about the money management as well the skills required for the goodness of gambling. As the thread states, losing such a bigger amount is not fair, because with the current price user could easily lead an much sophisticated living.

[Betwrong]

If I'm not mistaken 1 bitcoin way back 2016 is $800 (correct me if I'm wrong at this). And by computing 50 bitcoins x $800 = $40,000 dang that's a lot of money thinking about the price was at that rate. It's even more hurtful if you'll trying to compare the price right now 50 bitcoins x $5,500 = $275,000 look at the difference that's totally a lot of money. I'll never do such a mistake just like this, felt sorry for niagwai.

If we only know what will happen in the future then we will not gamble that money will just hold it, the thing is at the time we gamble we only think of it's value in fiat that's why we allow it to be spent, but who would think of losing, it's just happen that we are unlucky at that time.
It's not actually on my range, I never spend that big number of bitcoin for gambling, I would even cry hard if I lose 1 btc in gambling.

There's no way to know what will happen in the future and everything is just speculation when it comes to the price of bitcoin. And we as gamblers we have to be responsible with our funds and we should make sure that we are doing the right thing about it. It's why limiting ourselves when we gamble is the right thing to do and you are not the only one that will cry if you lose 1 bitcoin and even me at 0.5 BTC.

I agree the problem with player that have no control over themselves is that they keep on going as long as they have fund.  Going all out then regretting when his bankroll got depleted.  We as a gambler should be responsible just like what bhadz stated.  We should act accordingly and adjust our selves in a way that we can minimize losses.  Let us not make ourselves be drifte on the river of greed and drown on the idea of chasing losses.

Yeah the guy is stupid to think he would win that bet. I would not have risked a lot of money to do this.

There are three things to be considered here. The gambler that did this bet would either be an early adopter of bitcoins with thousands and thousands of bitcoins in his wallet, or he is super rich and has a lot of money to waste in gambling (probably he's bill gales, lol), or maybe he is an addicted gambler that tried his luck at it and miserably failed to do so.

He's one of the early adopters most likely. I think some of those guys have so much BTC we can't imagine. So we shouldn't compare their feelings when they lose 50 BTC to what we would feel being on their place because probably that's much less than 1% of what they are holding.

[Caladonian]

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.

[milewilda]

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.

[Getcoinsite]

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