Bitcoin Forum
October 27, 2020, 09:13:53 PM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Don't gamble with bitcoin!!! Lost 13.67984412  (Read 593 times)
BioMega13
Newbie
*
Offline Offline

Activity: 35
Merit: 0



View Profile
May 01, 2013, 07:30:04 PM
 #1


      I just want to share my story and stop anybody thinking of doing the same thing. I wanted to invest in bitcoins so I created a dwolla account then a mt. gox account. Tried to buy in while bitcoin USD price was at 55 after the April 12 bubble pop. Waited for the processing between my bank and dwolla to mt. gox. I sent 2000 dollars and accidentally bought in when the price was 145 USD.  I was clicking the instant payment at 100 price but didn't realize after you bid once, the regular price returns so I ended up buying at the price I did not want.  Then I got greedy trying to win bitcoins with gambling. The first site I went to was http://bitcoin-roulette.com/ and was bidding at .50000000, after I lost the first time I won 1. BTC but didn't receive my bitcoin because I didn't read the FAQ of the site stating:

Only use Bitcoin clients where you can receive Bitcoins at the same address they were sent from (such as a wallet).

DO NOT send Bitcoins from online exchanges such as MtGox.


So I lost my winnings then installed my bitcoin wallet to my computer so I was able to still try to play the roulette game. I ended up losing ~4 bitcoins, not winning a single bet after wards. I was betting at .50000000.

After, giving up on Roulette I tried out this site https://bitzino.com/

Originally only putting in 1. BTC and won a few hands the first few game lead me to around 1.5 BTC. but then I started to make big bets up to 4 BTC and then lost all my BTC. I noticed that I was losing all the high end bets, which around .20000000,  continuously but was winning the small bets. That site definitely felt messed up because I lost 7 hands in a row of black jack then bet 4 BTC twice figuring the odds of me winning would be enough to win back my money but the Site got a black jack first high bet and 20 beating my 18 the second bet. I put in what I had which wasn't much and won the small bet.

Long Story short, Don't gamble with BTC and Read everything carefully before making a decision with money. Lost 2000 USD in only a few minutes.


If anyone thought my story was helpful please send donate some BTC to:   19V2ELGp31bzEDTvXdi2c5ZVA3FzX7oVZa
1603833233
Hero Member
*
Offline Offline

Posts: 1603833233

View Profile Personal Message (Offline)

Ignore
1603833233
Reply with quote  #2

1603833233
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1603833233
Hero Member
*
Offline Offline

Posts: 1603833233

View Profile Personal Message (Offline)

Ignore
1603833233
Reply with quote  #2

1603833233
Report to moderator
1603833233
Hero Member
*
Offline Offline

Posts: 1603833233

View Profile Personal Message (Offline)

Ignore
1603833233
Reply with quote  #2

1603833233
Report to moderator
1603833233
Hero Member
*
Offline Offline

Posts: 1603833233

View Profile Personal Message (Offline)

Ignore
1603833233
Reply with quote  #2

1603833233
Report to moderator
Atopos
Newbie
*
Offline Offline

Activity: 25
Merit: 0



View Profile
May 01, 2013, 07:35:17 PM
 #2

Jesus christ dude! You're recklessness personalized!
Ultraviolet
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
May 01, 2013, 07:40:02 PM
 #3

With a BTC casino/betting house there's really nothing stopping the site operator from running the game as if it were a backroom three card monty.

At least when you waste money at the casino, the casinos are bound by statutory law to operate the games within specific mathematical house advantages. You still lose, but at least you have a chance to run hot.

With online BTC casinos you may have no or almost no chance to win.
RodeoX
Legendary
*
Offline Offline

Activity: 3066
Merit: 1143


The revolution will be monetized!


View Profile
May 01, 2013, 07:43:46 PM
 #4

You mean "Don't gamble.", right? What does bitcoin have to do with it.
Gambling is when you put down some money and it is likely you will never see that money again. Surely your loss comes as no surprise.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!