I've lost

[Bunsomjelican]

I've lost big. Over the last two or three years, I've lost 60K in total. It was almost my entire savings.
It started out with a large investment in bitcoin when the price was about 13K.
When the price dropped to below 4K, I lost all hope after waiting forever and gambled it on bitcoin gambling sites trying to triple it up, just to make my money back.
I lost that and a lot more. Never imagined it turning out this way. Especially after the price went back up.
I don't have a lot of close people to turn to nowadays. It's hard to get through each day feeling horrible. Just needed to reach out somewhere.
Sorry if this isn't the place.

Well, sad to say that you've faced that lost of huge amount dude, in fact, that amount you've lost was a million total here in my country.
Maybe you lost because the way you did was definitely wrong I guess, isn't right? But I know you can overcome this circumstances and can move  forward for sure in the end.

[boyptc]

Hey all. Thanks for all the responses.

I just wanted to clarify. I bought into bitcoin very early in 2018, on the way down from it's peak.

I did have some smaller gambling losses in 2017, but not using bitcoins. It was not nearly as much as what I invested in 2018 and gambled in 2019.

I do have a solid career and will be able to bounce back financially after some years. Mentally, it is very tough thinking about how much time I have set myself back.

It is always in the back of my mind. It makes life feel very different.

Again, thanks for all the responses. I did not expect so many.

You have a good stand while at your loss. There were gamblers before that expressed their sad story of losing here but they don't know what to do and they don't have a solid career to lean on for their recovery.

You seem to be intelligent and you have accepted your loss already, good luck in your future.

[bering]

Being an FOMO is really bad indeed and i do understand what are you feeling about it and unfortunately you have no patience to wait the price until recover back and move away to find another way to get your money back but the biggest mistakes from you why you putting all of your rest of money in gambling because there is no exact profit in gambling results and clearly wrong if you consider gambling is the best way to earning money

[LogitechMouse]

I've lost big. Over the last two or three years, I've lost 60K in total. It was almost my entire savings.

This is one problem if you have many money. You find anything that you can invest your money with and you forget about the knowledge you need.

It started out with a large investment in bitcoin when the price was about 13K.
When the price dropped to below 4K, I lost all hope after waiting forever and gambled it on bitcoin gambling sites trying to triple it up, just to make my money back.

You threw your money into Bitcoin and didn't trusted it . Another mistake. You threw your money and not knowing that Bitcoin can go up anytime at that time and you didn't trust it so that is the consequences you faced.

I lost that and a lot more. Never imagined it turning out this way. Especially after the price went back up.
I don't have a lot of close people to turn to nowadays. It's hard to get through each day feeling horrible. Just needed to reach out somewhere.
Sorry if this isn't the place.

If I'm in your situation, I will find also a place where I can say what I'm feeling. I didn't experience what you have experience but I know how you are feeling right now but it is part of the learning. Now I think you have learned from your mistakes and you know what will do next time .

[shoreno]

You made the wrong decision,

i dont think its a wrong decision  . he only do what he can to earn and to recover his money but he is just in a badluck  . besides what happened to op do also happened to us  .

you can't expect profit from gambling, it can make you into addiction,

we can  .  some gamblers are profiting from it  and it cant also turn you into an addict as long as you have a control on yourself  .

this is already happen so you need to learn the lesson and try again from the beginning, and if your mind is not clear just stay away from gambling

he is on the right mind i think but like i said earlier , he was only in a bad luck that time so trying again can be a good idea  . if not then its time to move on and look for any good alternative

[lienfaye]

Regrets are always in the end, sorry for your loss its a huge money indeed.

Investing in btc seems easy but the emotion that triggered you to do the wrong decision led you to what you are now. Sometimes we thought we can double or triple our money in gambling but thats wrong instead we can lose everything.

You learned your lesson the hard way, but it happened already what you can do is to move on because you can still earn that money by working hard.

[justdimin]

I lost all hope after waiting forever and gambled it on bitcoin gambling sites trying to triple it up, just to make my money back.

Well wrong decision. You lost hope because BTC went down to $4k. Now can you see it's going towards $13k again? Current price is: 12,200 and we will see a new ATH high either end of this year or sometimes in the next one or two years. Impatience is what lose us.

Sorry that you had no clue what you did and ended up to this loss.

I can’t blame him for this decision, the only mistake was to put the money into gambling. Majority of us didn’t envisage bitcoin would bounce back so soon, when it went down to 4k I was particularly very discouraged. Even though I trusted bitcoin so well and knew it was just a phase and would definitely go up but the need to get money would not allow patience prevail. I also withdrew mine for other business that wasn’t so much profitable but I still have regrets and just see what bitcoin is now.

What I have seen with bitcoin is, it requires a lot of patience.  I don’t think Bitcoin is for everyone, those who do not have the understanding will keep on making mistakes like the OP and me.

[acroman08]

I've lost big. Over the last two or three years, I've lost 60K in total. It was almost my entire savings.
It started out with a large investment in bitcoin when the price was about 13K.
When the price dropped to below 4K, I lost all hope after waiting forever and gambled it on bitcoin gambling sites trying to triple it up, just to make my money back.
I lost that and a lot more. Never imagined it turning out this way. Especially after the price went back up.
I don't have a lot of close people to turn to nowadays. It's hard to get through each day feeling horrible. Just needed to reach out somewhere.
Sorry if this isn't the place.

I think it is time to stop for now and get your thoughts together and start building yourself up again up to the moment you feel
confident again. and if you ever fell to the same situation again atleast now you know the steps to rise from again and continue
your life as you see fit.

[deisik]

I've seen it happen a million times. It's always the same, none of them did any due diligence, they got into Bitcoin because they heard it on mainstream news and have no long term notion of time. Those guys should have never been involved to begin with, they most likely have legitimate gambling problems

What kind of due diligence do you refer to?

And more importantly, whatever it might be, I'm not sure if it could tell you that the price first would rise to almost 20k and then crash to nearly 3k. Bitcoin is a speculative asset, its price is determined by a host of random factors independent of each other and which have nothing to do with what due diligence typically deals with. If anything, due "due diligence" would tell you that you should stay away from Bitcoin altogether as its price is totally unpredictable and can truly be any, like 10k today and 1k tomorrow. That's my opinion

Once again we hear a sad story of gambler, you know here most of the threads come and gone about their losses, but in the end we can't go anything for them. So if you needed to reach out somewhere then you should changed yourself, and also change your gambling style. Truly, I speak, you can't recover your loss so better forget it and once again start your saving in bitcoin

Well, trading is not gambling so OP should stick to either of the two. As a matter of fact, he should have stuck to his guns with trading

Move on and play straight forward, mistakes can't be undone but in the other hands you'll be able to work it out and learned from each mistakes to avoid another mistakes, this hard losses can win back in another form of investment not inside gambling but another forms of investment, you need to work out with good research before dealing again if you are willing to or very keen to recover your losses

If OP doesn't have the mentality (mindset) of a trader (which he obviously hasn't), he may better stay away from cryptocurrencies. This market is not for the weak-hearted

[Malsetid]

Regrets are always in the end, sorry for your loss its a huge money indeed.

Investing in btc seems easy but the emotion that triggered you to do the wrong decision led you to what you are now. Sometimes we thought we can double or triple our money in gambling but thats wrong instead we can lose everything.

You learned your lesson the hard way, but it happened already what you can do is to move on because you can still earn that money by working hard.

Move on and play straight forward, mistakes can't be undone but in the other hands you'll be able to work it out and learned from each mistakes to avoid another mistakes, this hard losses can win back in another form of investment not inside gambling but another forms of investment, you need to work out with good research before dealing again if you are willing to or very keen to recover your losses.

Lol. We learn from mistakes yes, but most of the time, gambling mistakes repeat themselves. You commit a mistake, you lose money, then you try again.  I don't think there's much of a lesson learned there. If you don't get yourself out of this cycle, then pretty much you're bound to commit the same mistakes repeatedly.

[Hypnosis00]

Regrets are always in the end, sorry for your loss its a huge money indeed.

Investing in btc seems easy but the emotion that triggered you to do the wrong decision led you to what you are now. Sometimes we thought we can double or triple our money in gambling but thats wrong instead we can lose everything.

You learned your lesson the hard way, but it happened already what you can do is to move on because you can still earn that money by working hard.

Move on and play straight forward, mistakes can't be undone but in the other hands you'll be able to work it out and learned from each mistakes to avoid another mistakes, this hard losses can win back in another form of investment not inside gambling but another forms of investment, you need to work out with good research before dealing again if you are willing to or very keen to recover your losses.

Lol. We learn from mistakes yes, but most of the time, gambling mistakes repeat themselves. You commit a mistake, you lose money, then you try again.  I don't think there's much of a lesson learned there. If you don't get yourself out of this cycle, then pretty much you're bound to commit the same mistakes repeatedly.

It makes no sense at all...if that is a continuous, better not to gamble anymore or you are just throwing your money. Losing every time we gamble is something alarming and I don't know if there is a place for us in gambling or we just let it happen. Isn't a common mistake and it could be learning for us if we stop doing this before we totally get nothing.

[FanEagle]

I've lost big. Over the last two or three years, I've lost 60K in total. It was almost my entire savings.
It started out with a large investment in bitcoin when the price was about 13K.
When the price dropped to below 4K, I lost all hope after waiting forever and gambled it on bitcoin gambling sites trying to triple it up, just to make my money back.
I lost that and a lot more. Never imagined it turning out this way. Especially after the price went back up.
I don't have a lot of close people to turn to nowadays. It's hard to get through each day feeling horrible. Just needed to reach out somewhere.
Sorry if this isn't the place.

$60k, that’s really huge amount of money and I feel your pains. Sorry about the loss bro, I hope you will recover ad learn from your mistakes. There is only lesson from this, no matter how bad Bitcoin falls, the hope of getting back is sure and better than gambling. You thought you could rescue bitcoin loss by gambling but that was a very bad decision. Bitcoin is even in the best position to save gambling in terms of loses.

This is actually a very good place to pour out your feelings and I can assure you are at the right place. We feel your pains and I can only imagine what you are going through but like they say a living dog is better than a dead lion, be grateful that you are still alive and have the ability to share your story, that means open doors and more opportunities will come your ways soon just be careful not to repeat this mistakes again.

[emberbekas]

I've lost big. Over the last two or three years, I've lost 60K in total. It was almost my entire savings.
It started out with a large investment in bitcoin when the price was about 13K.
When the price dropped to below 4K, I lost all hope after waiting forever and gambled it on bitcoin gambling sites trying to triple it up, just to make my money back.
I lost that and a lot more. Never imagined it turning out this way. Especially after the price went back up.
I don't have a lot of close people to turn to nowadays. It's hard to get through each day feeling horrible. Just needed to reach out somewhere.
Sorry if this isn't the place.

Anyone can fall into your condition if they face a bad experience like that. Indeed, we can be panic when we realize that our investment has dropped significantly in price. And choosing gambling as a way to recover our losses is not the best way because we can fall even deeper because gambling while we have a bad mood will be very bad. Sorry for your loss tho!

[kooboat]

Such is life, we win some and lose some. You just have to learn from your mistakes and move on. There is still brighter opportunities ahead, you never know what the future holds for you. So far as we have health and life, just remain focus and you can  win big time although you have lost big time now.

[MonsterV]

I've seen it happen a million times. It's always the same, none of them did any due diligence, they got into Bitcoin because they heard it on mainstream news and have no long term notion of time. Those guys should have never been involved to begin with, they most likely have legitimate gambling problems

What kind of due diligence do you refer to?

Perhaps the purpose of due diligence is the ability to analyze, indeed most people rarely do complex analysis when they want to buy a crypto asset. And I agree with you that there are many random factors that might complicate the due diligence, but at least with due diligence we have an idea of how prices will move even if it is not entirely accurate. Due diligence is good enough rather than just relying on news, tipsters, and any strategies that are not analyzed themselves in a complex way.

[coin-investor]

I've lost big. Over the last two or three years, I've lost 60K in total. It was almost my entire savings.
It started out with a large investment in bitcoin when the price was about 13K.
When the price dropped to below 4K, I lost all hope after waiting forever and gambled it on bitcoin gambling sites trying to triple it up, just to make my money back.
I lost that and a lot more. Never imagined it turning out this way. Especially after the price went back up.
I don't have a lot of close people to turn to nowadays. It's hard to get through each day feeling horrible. Just needed to reach out somewhere.
Sorry if this isn't the place.

I hate reading this kind of post, people are pinning all their hopes to Bitcoin, hoping that they will make a huge income from their investment because they believe what experts are feeding new investors coming in the market, what's more, disappointing from your bad experience is trying to make out more from what's left in your investment by turning to gambling.

Yours is a classic story of wanting to make a profit in a short period time, you've tried it on Bitcoin then turned to gamble and you lose,you failed to analyze that Bitcoin will go up again, you don't deserve insult, it's adding salt to a wound,.

It's hard to get up from your situation but at least you are not losing hope I hope you can find a friend who will lead you out of this unfortunate event in your life.

[NewCryptocasinos]

I feel very sorry for you, we know that gambling can be very addicted.
I hope you can recover soon, its good that you post this, hopefully it can help others to not do the same mistakes.

We promote gambling our self, but we try to be very clear in our communication that gambling is suppose to be fun and never ever play for more money or crypto than you can afford to loose.

Stay away form gambling now and get back on track! Wish you all the best!

[xSkylarx]

I've lost big. Over the last two or three years, I've lost 60K in total. It was almost my entire savings.
It started out with a large investment in bitcoin when the price was about 13K.
When the price dropped to below 4K, I lost all hope after waiting forever and gambled it on bitcoin gambling sites trying to triple it up, just to make my money back.
I lost that and a lot more. Never imagined it turning out this way. Especially after the price went back up.
I don't have a lot of close people to turn to nowadays. It's hard to get through each day feeling horrible. Just needed to reach out somewhere.
Sorry if this isn't the place.

I'm sorry for your loss OP. I've also experienced what you are going through right now. But just move on, you still wake up everyday so there's still reason for you to keep going on. Cheer up and find other things to be busy. All of us experience failure, I think that what makes us human.

[TheCoinGrabber]

I've lost big. Over the last two or three years, I've lost 60K in total. It was almost my entire savings.
It started out with a large investment in bitcoin when the price was about 13K.
When the price dropped to below 4K, I lost all hope after waiting forever and gambled it on bitcoin gambling sites trying to triple it up, just to make my money back.
I lost that and a lot more. Never imagined it turning out this way. Especially after the price went back up.
I don't have a lot of close people to turn to nowadays. It's hard to get through each day feeling horrible. Just needed to reach out somewhere.
Sorry if this isn't the place.

So, you've been into bitcoins for at least 3 years and this is the first time you've talked about this? Anyway, yes it does suck but if it happened that you still have some left, keep it and wait for a coming ath, sell at that cost AND then hold till prices get low again. Rinse, repeat.

[fortunecrypto]

That was such a huge amount, you can live comfortably for the rest of your life here in our country, you could have extended your waiting for the price to get better, but you opted to turn to gamble, but there's really not much hope in gambling, it's for entertainment only, not something you will pour your life savings.