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Author Topic: Any sympathy for an ex-gambler who lost 2.15 BTC?  (Read 3068 times)
Dougie
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August 25, 2013, 09:37:48 PM
 #21

I feel sorry for you but considering you've managed to mine blocks I think you have had more bitcoins than I've had to play with. I have lost a similar amount of bitcoins. It hurts a lot but at the end of the day it's just money. You learn from your mistakes.

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I've seen the bad side of gambling a few times. More so recently. I won't mention names, but within the week a person took out 50btc from coinbase without having the money to back it in their bank account.

They then proceeded to gamble with it on a dice website. They thought it was harmless until they lost it all. In a panic they started to contemplate suicide, taking out loans, and etc. They eventually decided to take more BTC out of coinbase without having the money to back it and attempt to win their losses back. Thankfully, for many people's sake, they did indeed win back their 50btc loss, plus a couple btc extra. Still though, that's some destructive behavior and had they lost again who knows what may have happened.

Be careful when gambling- If you cannot handle it, get out while you can.

Scary story. I hope I never become addicted.

Lurking since 2011...
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peonminer
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August 25, 2013, 09:55:47 PM
 #22

Why people give their money to these websites.... I haven't a clue.
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August 25, 2013, 09:57:20 PM
 #23

Sorry to hear you lost some coins.  However I'm sure the vast majority of people here have lost gambling as well.  Most people can treat gambling as just a from of entertainment.  I know for others it can become an addiction.  For bitcoin, blocking the gambling sites helps that.  Keeping coins in cold storage so they are harder to access can help as well
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August 25, 2013, 10:29:03 PM
 #24

I am sorry for your loss. As a matter of personal philosophy, I won't give you 'free Bitcoin' to make up your loss. However, I am willing to work with you for my blog - see my address. I could use some material from someone who's been in the game for a while. If you're interested in this "job", please contact me here or through my email on my blog. That's the best I can offer you right now. Good luck!
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August 25, 2013, 11:52:11 PM
 #25

The odds are the odds. Numbers do not lie. A 111 (one hundred eleven) loss streak or consecutive losses, or losses in a row has been recorded on JD at 10% chance to win.

If you ignore math, common sense will tell you that you lose half the time on 50/50.

Common sense will also tell you that if you play 10,000 times, you will likely lose 5,000 times. Some of those will clump together right beside each other. It's not hard to imagine 20 to 40 of them stick together out of 5,000.

November, you have my sympathy. But you don't have my coins. Heheh. I lost just like you did. If you can't beat them, join them. Let's go make our own casino so we will be the house. The house that always wins.

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August 26, 2013, 12:41:12 PM
 #26

Protip: don't gamble what you can't afford to lose. At least you didn't lost 21.5 or 215.
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August 26, 2013, 04:34:14 PM
 #27


Yes, its completely possible to lose 5 times in a row at 50/50. There's been much much math done about it and you can find it anywhere on the internet.

do you even know what will be chances of happening that on a gamble site.

Ps: fuck math use common sense.

0.5 ^ 5 = 0.031 aka 3.1%

its possible.

Bitcoin address collision:

1 / (2^160) = 6.84*10^-49 aka (6.84*10^-47)%

its possible.

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
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