nahtnam (OP)
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Activity: 1092
Merit: 1000
nahtnam.com
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November 23, 2013, 03:29:53 AM |
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I dont know how to say this to you... Basically I started winning large amount and i was happy. Then I started stretching my luck and ended up losing 1.1 BTC. The thing is that you may seem that this is just a one time thing and it wont hapen to you, but I hate to break to you but IT WILL. Please do not face the same fate as I did and lose everything! Please avoid betting and losing $900. Although I havent lost any of my money (I hard earned it) it still sucks. Thanks!
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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lindatess
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November 23, 2013, 03:44:57 AM |
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I dont know how to say this to you... Basically I started winning large amount and i was happy. Then I started stretching my luck and ended up losing 1.1 BTC. The thing is that you may seem that this is just a one time thing and it wont hapen to you, but I hate to break to you but IT WILL. Please do not face the same fate as I did and lose everything! Please avoid betting and losing $900. Although I havent lost any of my money (I hard earned it) it still sucks. Thanks!
Where were you betting? I'll take freebitco.in's multiply 2x as an example, since you don't really lose money there. It's only fictional money. You can win lots at first, but on average for every amount you bet, you will lose 5% on average. This is because there is a 500 house edge on the whole 10000 range which you can spin. It's 5% of your total bet.Not everyone would have been lucky enough to earn $900 and then lose it. You are very lucky indeed. Most people would just lose more and more as they bet more. I hope you are playing with provably fair games. Either way, provably fair is fair in that it is transparent but it's not "fair as in 50/50 chance" of winning. This is just an example, the odds will usually be provided when you log onto the gambling website.
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nahtnam (OP)
Legendary
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Activity: 1092
Merit: 1000
nahtnam.com
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November 23, 2013, 03:47:02 AM |
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I dont know how to say this to you... Basically I started winning large amount and i was happy. Then I started stretching my luck and ended up losing 1.1 BTC. The thing is that you may seem that this is just a one time thing and it wont hapen to you, but I hate to break to you but IT WILL. Please do not face the same fate as I did and lose everything! Please avoid betting and losing $900. Although I havent lost any of my money (I hard earned it) it still sucks. Thanks!
Where were you betting? I'll take freebitco.in's multiply 2x as an example, since you don't really lose money there. It's only fictional money. You can win lots at first, but on average for every amount you bet, you will lose 5% on average. This is because there is a 500 house edge on the whole 10000 range which you can spin. Not everyone would have been lucky enough to earn $900 and then lose it. You are very lucky indeed. Most people would just lose more and more as they bet more. It's 5% of your total bet.I hope you are playing with provably fair games. Either way, provably fair is fair in that it is transparent but it's not "fair as in 50/50 chance" of winning. This is just an example, the odds will usually be provided when you log onto the gambling website. I bet on JD. The point of this post was to tell everyone that betting was addicting, and you will play until you lose a great sum. Then you will realize what betting is. I am trying to save people from this fate that I have reached.
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beetcoin
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November 23, 2013, 04:00:53 AM |
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people won't listen, so there's not much of a point in telling them. they're gonna do what they want to do.
i usually don't bet.. only when i feel the odds are stacked in my favor would i do it. if i had bet on anything recently, it would have been on obama's win over romney.
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nahtnam (OP)
Legendary
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Activity: 1092
Merit: 1000
nahtnam.com
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November 23, 2013, 04:01:44 AM |
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people won't listen, so there's not much of a point in telling them. they're gonna do what they want to do.
And thats what going to get them screwed. I am trying to stop people from losing!
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KieranJones1
Member
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Activity: 126
Merit: 10
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November 23, 2013, 04:12:58 AM |
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I know my "winnings" are nothing like as good as yours (.5 BTC at my peak), I feel like I should second your advice. Even people with a policy of "withdrawing their BTC every 5mbtc" are prone to occasionally losing their cool on an unlucky streak and betting more than they can afford. Don't forget BTC *is* money, not just a representation of your US dollars.
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monbux
Legendary
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Activity: 1736
Merit: 1029
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November 23, 2013, 04:14:27 AM |
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I dont know how to say this to you... Basically I started winning large amount and i was happy. Then I started stretching my luck and ended up losing 1.1 BTC. The thing is that you may seem that this is just a one time thing and it wont hapen to you, but I hate to break to you but IT WILL. Please do not face the same fate as I did and lose everything! Please avoid betting and losing $900. Although I havent lost any of my money (I hard earned it) it still sucks. Thanks!
lol, nahtnam, you're the newbie now Just-dice really draws in the bitcoin lovers, until we lose it all. I've lost more than 4 BTC there, which is kinda sad considering that's now over $3000 USD. I am trying to stop people from losing! Tell them to kill themselves then, because in life, you lose.
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nahtnam (OP)
Legendary
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Activity: 1092
Merit: 1000
nahtnam.com
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November 23, 2013, 04:19:35 AM |
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I dont know how to say this to you... Basically I started winning large amount and i was happy. Then I started stretching my luck and ended up losing 1.1 BTC. The thing is that you may seem that this is just a one time thing and it wont hapen to you, but I hate to break to you but IT WILL. Please do not face the same fate as I did and lose everything! Please avoid betting and losing $900. Although I havent lost any of my money (I hard earned it) it still sucks. Thanks!
lol, nahtnam, you're the newbie now Just-dice really draws in the bitcoin lovers, until we lose it all. I've lost more than 4 BTC there, which is kinda sad considering that's now over $3000 USD. I am trying to stop people from losing! Tell them to kill themselves then, because in life, you lose. Yeah well I value bitcoin much more. I hope I can make it all back. Since its thanksgiving break (1 week of no school), I am going to aim for 2000 posts!
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omega33
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November 23, 2013, 04:30:13 AM |
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betting is almost impossible to win money in the long run sure you can win some money now but in the end you will most likely lose everything
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nahtnam (OP)
Legendary
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Activity: 1092
Merit: 1000
nahtnam.com
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November 23, 2013, 04:31:12 AM |
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betting is almost impossible to win money in the long run sure you can win some money now but in the end you will most likely lose everything
Yep. Great you have learnt this (hopefully without losing anything).
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omega33
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November 23, 2013, 04:36:50 AM |
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betting is almost impossible to win money in the long run sure you can win some money now but in the end you will most likely lose everything
Yep. Great you have learnt this (hopefully without losing anything). nowadays I only bet from the free bitcoins given here
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nahtnam (OP)
Legendary
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Activity: 1092
Merit: 1000
nahtnam.com
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November 23, 2013, 04:37:49 AM |
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betting is almost impossible to win money in the long run sure you can win some money now but in the end you will most likely lose everything
Yep. Great you have learnt this (hopefully without losing anything). nowadays I only bet from the free bitcoins given here Well thats what I did, except with EXTREME HIGH AMOUNT. I feel like crying. Hopefully I can slowly make it back. Note that I am only 14 and getting my own mac was pretty much my dream.
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Sindelar1938
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November 23, 2013, 04:45:17 AM |
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This is really valuable advice
I can only urge folks new to btc to heed it
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markjamrobin
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November 23, 2013, 04:48:27 AM |
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I would disagree; it really depends on your self-control. I bet on sports every day, but do so in moderation, and enjoy it. If you start betting more than you should, then it becomes a problem.
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Zakryze
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November 23, 2013, 04:50:39 AM |
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haha everybody in here (including myself) has a gambling signature. SO PLEASE DONT GAMBLE AMIRIGHT?
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀SNttx1hwtpf8TQEK7ZBojcvQrDmBaz9QPK SFC Addy
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addy4u
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November 23, 2013, 04:51:13 AM |
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Never get greedy when u win some good amount just withdraw it
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nahtnam (OP)
Legendary
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Activity: 1092
Merit: 1000
nahtnam.com
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November 23, 2013, 04:52:41 AM |
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haha everybody in here (including myself) has a gambling signature. SO PLEASE DONT GAMBLE AMIRIGHT?
Thats to make up what we lost
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markjamrobin
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November 23, 2013, 04:53:56 AM |
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haha everybody in here (including myself) has a gambling signature. SO PLEASE DONT GAMBLE AMIRIGHT?
Oh wow, the irony I didn't even notice. I never cared for dice, because with that, you can't overcome the percentage in the long term. With sports on the other hand, overcoming ~3% is quite possible, if you are good.
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markjamrobin
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November 23, 2013, 04:54:11 AM |
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haha everybody in here (including myself) has a gambling signature. SO PLEASE DONT GAMBLE AMIRIGHT?
Thats to make up what we lost Or support an addiction
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nahtnam (OP)
Legendary
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Activity: 1092
Merit: 1000
nahtnam.com
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November 23, 2013, 04:58:02 AM |
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haha everybody in here (including myself) has a gambling signature. SO PLEASE DONT GAMBLE AMIRIGHT?
Thats to make up what we lost Or support an addiction An addiction that hopefully no one gets (and that I have lost)!
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combo
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November 23, 2013, 05:07:40 AM |
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I dont know how to say this to you... Basically I started winning large amount and i was happy. Then I started stretching my luck and ended up losing 1.1 BTC. The thing is that you may seem that this is just a one time thing and it wont hapen to you, but I hate to break to you but IT WILL. Please do not face the same fate as I did and lose everything! Please avoid betting and losing $900. Although I havent lost any of my money (I hard earned it) it still sucks. Thanks!
nice story that will happen any-day, it's what you gets out of it that really matters. I might suggest next time you can donate some after a winning row that might stop you when it's really needed. you can donate to me next time.
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HFPowerful
Newbie
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Activity: 28
Merit: 0
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November 23, 2013, 08:08:04 AM |
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What can you expect? That's how gambling works, you win then you start losing and lose it all. Nobody ever wins these types of things in the long term, if you make some money cash out and forget about it.
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MAbtc
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November 23, 2013, 09:18:31 AM |
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No dice for me. I stick to poker and the occasional sports bet. Things I have some knowledge of and control over.
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marcotheminer
Legendary
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Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
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November 23, 2013, 10:13:46 AM |
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Thats what happens to most of us! Time to hard earn it back dude!
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faiza1990
Sr. Member
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Activity: 420
Merit: 250
★☆★777Coin★☆★
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November 23, 2013, 11:31:36 AM |
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No dice for me. I stick to poker and the occasional sports bet. Things I have some knowledge of and control over.
its better playing some time you can manage this but going to addict this is very harsh and bringing very bad results for all
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oxideNL
Member
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Activity: 82
Merit: 10
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November 23, 2013, 11:32:36 AM |
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I don't bet. but investing in the house bankroll can be profitable! Just dump a small amount on just-dice as investment. Forget about it and check after a couple of months
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johnsmoth666
Newbie
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Activity: 3
Merit: 0
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November 23, 2013, 11:49:40 AM |
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Hello, I'm new to BTC (just started a day ago) and i tried a few gambling sites. So far i haven't lost or won much, but I noticed the more I wager the higher chance I have of losing. Are most gambling sites fixed, or is it completely random? Also, which sites are the best and most legitimate?
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omega33
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November 23, 2013, 12:15:18 PM |
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for me sport betting is the most entertaining to bet as you can support your favourite team and bet for excitement at the same time
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Kaligulax
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November 23, 2013, 12:28:01 PM |
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dont bet... put some a small summ of bitcoins here... 1FxCUCAij9FT9fXQSqYHHMiaELhRTAhui6 Thanks
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1FxCUCAij9FT9fXQSqYHHMiaELhRTAhui6
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lindeanin
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November 23, 2013, 01:15:57 PM |
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Hello, I'm new to BTC (just started a day ago) and i tried a few gambling sites. So far i haven't lost or won much, but I noticed the more I wager the higher chance I have of losing. Are most gambling sites fixed, or is it completely random? Also, which sites are the best and most legitimate?
Most are provably fair sites. Bad luck or the more you wager and loose the more you are suspicious something is not right
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poolu
Newbie
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Activity: 2
Merit: 0
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November 23, 2013, 01:24:40 PM |
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I only bet from the free bitcoins given too.
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