I've lost

[Fundamentals Of]

Oh, man! I feel sorry for you. I really am. $60,000 is such a huge amount to just waste in gambling. That amount is already an impossible wealth to make for many of us in my country. I hope you will recover and make new savings. Your situation makes me realize that gambling and frustration are the best recipe for a failure. You said you lost hope waiting for BTC to rise and so out of it you decided to gamble. In the end, you have nothing. You and me and many more will get a lesson from this.

[maydna]

Move on, try to learn from your mistakes and try to recover it by trading again and not with the gambling since I can sense you aren't that type of an expert gambler.

Only with move on you can survive from your losses, and you will learn something from the mistake. Never mind if you cannot become an expert gambler, because you will become a success other things as long as you want to try.

Losing in the gambling game was normal, but the problem is, can we learn from the loss so we can stand up for the other day? Many gamblers cannot accept they're lost, and they still gambling on the other day because they want to get their money back. That will not be possible because we can get another loss in the future if we don't realize it.

[redsun114]

Gambling on the other hand is not even a good place to make investment, Not even by playing or direct investment since there’s possibility of the site crashing someday.

Yes, that is a very popular slogan on this forum but it’s just so unfair that it falls into deaf ears. How they put in all their life’s savings into an investment is one thing I am yet to understand. I can’t put in all my money into any kind of business, let alone gambling. Everyone know that gambling is all about uncertainty, so how can the OP withdraw money from Bitcoin to try gambling, this is like moving from a frying pan to direct fire lol.

Bitcoin is volatile and not 100% risk free but it’s safer to keep money here than gambling. That you see bitcoin down is not a good reason to try gambling. That was a very terrible mistake. Well the action is done already and we can’t start putting blames on the OP but I believe he has learnt so many lessons from this.

[darewaller]

Move on, try to learn from your mistakes and try to recover it by trading again and not with the gambling since I can sense you aren't that type of an expert gambler.

Only with move on you can survive from your losses, and you will learn something from the mistake. Never mind if you cannot become an expert gambler, because you will become a success other things as long as you want to try.

Losing in the gambling game was normal, but the problem is, can we learn from the loss so we can stand up for the other day? Many gamblers cannot accept they're lost, and they still gambling on the other day because they want to get their money back. That will not be possible because we can get another loss in the future if we don't realize it.

I am very sure this particular OP has learnt , once you see a gambler that is able to share his lost story be rest assured that that particular player has learnt the hard way and would never repeat the mistake again if opportune to play again. I knew this from my experience, just like the OP, I lost literally everything I ever saved for all my life, I thought that would be the end of my life but thank God for friends and families that helped me to get back on my feet. I at first ran away from gambling and everything that relates to it. But I noticed I wasn’t completely healed, but suddenly I knew it all gone and I started to talk about my experience.

Today I am back to gambling and I have learnt never to think of recovering a loss. That mistake was terrible and I don’t ever want to see myself in that position anymore.

[darklus123]

In my opinion, I think there are usually a lot of gamblers or traders who are unable to control their greediness when they are making money from either gambling or trading, it is also not an easy task for human to control their greediness for more profit from gambling or trading as emotion would usually take over a person mind, I guess it is truly not an easy feat to become rich either from gambling or trading.

That is exactly right, we have to somehow understand why only few people succeeded as a gambler. Greed is one of the hardest emotion that a human could control aside from lust and pride. It is pretty common for even a professional gambler not to be able to control their greed in some occasions. They just somehow manage to make an epic comeback and can overcome those odds. While on the other hand, us which is not a professional one gets burried more

[omonuyak]

In my opinion, I think there are usually a lot of gamblers or traders who are unable to control their greediness when they are making money from either gambling or trading, it is also not an easy task for human to control their greediness for more profit from gambling or trading as emotion would usually take over a person mind, I guess it is truly not an easy feat to become rich either from gambling or trading.

That is exactly right, we have to somehow understand why only few people succeeded as a gambler. Greed is one of the hardest emotion that a human could control aside from lust and pride. It is pretty common for even a professional gambler not to be able to control their greed in some occasions. They just somehow manage to make an epic comeback and can overcome those odds. While on the other hand, us which is not a professional one gets burried more

Greedness has been the more reason why people do lose in gambling and investments. It is a very bad spirit and very few can control it. I have been trading and gambling and two things that has made me to make loses are greed and impatience. If you can get control over these two you will succeed in both gambling and trading!

[SirLancelot]

I am very sure this particular OP has learnt , once you see a gambler that is able to share his lost story be rest assured that that particular player has learnt the hard way and would never repeat the mistake again if opportune to play again. I knew this from my experience, just like the OP, I lost literally everything I ever saved for all my life, I thought that would be the end of my life but thank God for friends and families that helped me to get back on my feet. I at first ran away from gambling and everything that relates to it. But I noticed I wasn’t completely healed, but suddenly I knew it all gone and I started to talk about my experience.

Today I am back to gambling and I have learnt never to think of recovering a loss. That mistake was terrible and I don’t ever want to see myself in that position anymore.

I hope it’s true that the OP has learnt from his mistake but many at times, players repeat same mistake even after admitting. Gambling is a mystery that is yet to be unveiled, it is better not to start at all because calling it a quit is always very difficult. The OP might just be remorseful for the moment, just give him an opportunity to get money and the next thought that would come to him will be on how to recover the lost money. That is the sad thing.

There are a lot of lessons to be learnt from his story especially to those who have never had this experience. First of all is to learn how to be patient, I think the impatience with Bitcoin was what led him to gambling and lastly which is most importantly, is to avoid gambling like a plague because it’s destructive in the end.

[peter0425]

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.

If you didn’t experience this fo sure you will not realize and value the money that you spent in gambling,this amount is large just to risk in gambling .my sympathy is on you mate for this losses but you must take this as stepping stone to start a new life
Make this as a beginning and never get into gambling again.find a life outside that area because this will only burden you like what you have felt right now

I think every gambler should face some big loss in the beginning of his gambling career to get some experience which can help them in two ways.
Firstly they will never invest big amount again in gambling and only gamble with the small amount which they think they can afford to lose. Secondly they will come to know that gambling is not a reliable source of income and they should have something else (Work/ Business) to keep their daily life moving.

Sorry mate but I don’t agree on that,it’s ok that we lose sometimes but with “Big Amount”?this is not necessary because we can atleast lose small amount to learn our mistakes.what OP did is against the etiquette of gambler because he abused his capacity and play with no other intentions just to win and no other option,but it’s good that he learnt his lesson and sure won’t do another stupid action like this again

[carlfebz2]

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.

If you didn’t experience this fo sure you will not realize and value the money that you spent in gambling,this amount is large just to risk in gambling .my sympathy is on you mate for this losses but you must take this as stepping stone to start a new life
Make this as a beginning and never get into gambling again.find a life outside that area because this will only burden you like what you have felt right now

I think every gambler should face some big loss in the beginning of his gambling career to get some experience which can help them in two ways.
Firstly they will never invest big amount again in gambling and only gamble with the small amount which they think they can afford to lose. Secondly they will come to know that gambling is not a reliable source of income and they should have something else (Work/ Business) to keep their daily life moving.

Sorry mate but I don’t agree on that,it’s ok that we lose sometimes but with “Big Amount”?this is not necessary because we can atleast lose small amount to learn our mistakes.what OP did is against the etiquette of gambler because he abused his capacity and play with no other intentions just to win and no other option,but it’s good that he learnt his lesson and sure won’t do another stupid action like this again

Losing big amounts wont really be that necessary for us to learn.Mistakes cant be avoided because greed is the primary thing will put up on our minds specially when we are dealing already with money.Its part of human nature to react and to think to make ourselves rich with it thats why we do decide to play without moderation which in result on losing big time if you didnt able to stop yourself midway.

[jostorres]

One of the major factor of losses that occur in gambling is due to greed that each person generally have it . If one can control this then many problems can be solved and another thing is that people who considers it as a money making source where they just want to win every game and keep making money from it.

Greed and also misplaced priority, because someone that has such amount of money would have just gone for business straight and you would not imagine how much he would have turned such money into, if he had gone into buying and selling of things.

Presently now, I have approached my bank to give me a loan for a business I want to do which would be to the tune of $10000, and this business is enough to yield me about$5000 profit at the end of the year, so what more do I need then that what I would get form a business where I would still be able to get my capital back. I don’t usually have much pity for gamblers who do not use their sense to do what they are doing, if you are playing out of love, and then they will know how to control the money that they use.

[South Park]

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.

That is a disheartening story but there is a lot that can be learned from this.

1. Only gamble what you can afford to lose. I know this is repeated a lot but this story shows why, if you do not follow that advice you will lose everything.

2. There is not such a thing as holding bitcoin for too long. The OP did this because he was desperate about the money he was losing while holding bitcoin, but if he had held to this day and sold at the very top of the current recovery he could have recovered everything that he lost.

3. Only gamble for fun and not for profit. Many have the idea that you can make a quick profit by gambling but as we know most likely it is a quick way to lose money if you let greed take control of you.

[RivAngE]

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 came here ready to troll a troll but I feel like you are sincere about it and not a troll... I'm really sorry for your loss
I used to be feeling bad every time I was losing like 50€ in the stock market, so I don't know how it is to have lost so much.

Well, money is an illusion after all, just paper. They offer the illusion of security and happiness, but the truth is that they can't buy you either.
Sure, you can buy more fancy clothes or a faster car with more money, but it's not like those are necessary and they don't bring any happiness.
Just focus on your real life and on the people around you mate, you don't need money to make real friends (and having fake friends who want you for your money is worse than not having friends!), so I'm sure you can live just fine and happily even without those lost money.

[Tungsten-1]

In my opinion, I think there are usually a lot of gamblers or traders who are unable to control their greediness when they are making money from either gambling or trading, it is also not an easy task for human to control their greediness for more profit from gambling or trading as emotion would usually take over a person mind, I guess it is truly not an easy feat to become rich either from gambling or trading.

That is exactly right, we have to somehow understand why only few people succeeded as a gambler. Greed is one of the hardest emotion that a human could control aside from lust and pride. It is pretty common for even a professional gambler not to be able to control their greed in some occasions. They just somehow manage to make an epic comeback and can overcome those odds. While on the other hand, us which is not a professional one gets burried more

Greedness has been the more reason why people do lose in gambling and investments. It is a very bad spirit and very few can control it. I have been trading and gambling and two things that has made me to make loses are greed and impatience. If you can get control over these two you will succeed in both gambling and trading!

Greed could be take in two ways. One could be a motivation for you to make more and more money if you have great experience of doing so. This is important because your ability motivates you to make more and more. On the other hand, it is destructive because if you do not have what it takes to make money, you will lose the present capital as well.

[iMark]

In my opinion, I think there are usually a lot of gamblers or traders who are unable to control their greediness when they are making money from either gambling or trading, it is also not an easy task for human to control their greediness for more profit from gambling or trading as emotion would usually take over a person mind, I guess it is truly not an easy feat to become rich either from gambling or trading.

That is exactly right, we have to somehow understand why only few people succeeded as a gambler. Greed is one of the hardest emotion that a human could control aside from lust and pride. It is pretty common for even a professional gambler not to be able to control their greed in some occasions. They just somehow manage to make an epic comeback and can overcome those odds. While on the other hand, us which is not a professional one gets burried more

Greedness has been the more reason why people do lose in gambling and investments. It is a very bad spirit and very few can control it. I have been trading and gambling and two things that has made me to make loses are greed and impatience. If you can get control over these two you will succeed in both gambling and trading!

I don't think controlling your emotions and greed can take you to success in gambling. because the main factor to be successful in gambling is not to remain controlled in playing gambling but rather luck. yeah greed can make you lose a lot, but controlling greed doesn't mean you can succeed in gambling

[michellee]

Greed could be take in two ways. One could be a motivation for you to make more and more money if you have great experience of doing so. This is important because your ability motivates you to make more and more. On the other hand, it is destructive because if you do not have what it takes to make money, you will lose the present capital as well.

But I believe that greed will only make us losing more money in gambling games because we will attract to play the games longer than we can realize. And of course, we will spend more money because we expect to make more winning. Without having self-control for ourselves, we are hard to control how much money we will spend because once we win, we always want to make more winning.

[shoreno]

Greed could be take in two ways. One could be a motivation for you to make more and more money if you have great experience of doing so. This is important because your ability motivates you to make more and more. On the other hand, it is destructive because if you do not have what it takes to make money, you will lose the present capital as well.

But I believe that greed will only make us losing more money in gambling games because we will attract to play the games longer than we can realize. And of course, we will spend more money because we expect to make more winning. Without having self-control for ourselves, we are hard to control how much money we will spend because once we win, we always want to make more winning.

the guy recently said that being addicted have some good side and that is you can learn more and you can earn more because the more time you will spend  playing  but its not adviceable for all especially if you are a weak person that can easily get carried away   . i remeber there was an expert said that you cannot be good at something if you wont be addicted with it  .

[miningguru]

In my opinion, I think there are usually a lot of gamblers or traders who are unable to control their greediness when they are making money from either gambling or trading, it is also not an easy task for human to control their greediness for more profit from gambling or trading as emotion would usually take over a person mind, I guess it is truly not an easy feat to become rich either from gambling or trading.

That is exactly right, we have to somehow understand why only few people succeeded as a gambler. Greed is one of the hardest emotion that a human could control aside from lust and pride. It is pretty common for even a professional gambler not to be able to control their greed in some occasions. They just somehow manage to make an epic comeback and can overcome those odds. While on the other hand, us which is not a professional one gets burried more

Greedness has been the more reason why people do lose in gambling and investments. It is a very bad spirit and very few can control it. I have been trading and gambling and two things that has made me to make loses are greed and impatience. If you can get control over these two you will succeed in both gambling and trading!

I don't think controlling your emotions and greed can take you to success in gambling. because the main factor to be successful in gambling is not to remain controlled in playing gambling but rather luck. yeah greed can make you lose a lot, but controlling greed doesn't mean you can succeed in gambling

Exactly, with patience, we cannot make any income through gambling, we need to have enough luck for winning. I have tried many times to find out my luck. The ultimate result was a failure, controlling and greed will not help us any more in gambling.

[MFahad]

Greed could be take in two ways. One could be a motivation for you to make more and more money if you have great experience of doing so. This is important because your ability motivates you to make more and more. On the other hand, it is destructive because if you do not have what it takes to make money, you will lose the present capital as well.

But I believe that greed will only make us losing more money in gambling games because we will attract to play the games longer than we can realize. And of course, we will spend more money because we expect to make more winning. Without having self-control for ourselves, we are hard to control how much money we will spend because once we win, we always want to make more winning.

No doubt, In gambling, whenever we become greedy then we choose a destructive path, and also control of our greediness, it is not easy, because in gambling, we come in this stage where we want to win more and more and automatically we do greedy, but if we wanna save ourself, then we should choose to control our greedy, otherwise we have seen the end of greediness in this thread title. 

[btc78]

Sorry with your losses, you did a wrong choice whilst you are still into loss.

While we are in sympathy with OP’s losses yet he must realized this kind of mistakes is not normal and him being greed is the reason about this

I know how painful it is to lose that amount while looking at the price hike of bitcoin. Cheer up man, there's still a lot of chances for you to recover in some other ways.

He must not risk the holding for gambling because those are different thing.he was stocked in the dumping price of bitcoin but he gambled the fund instead of waiting for the pump

[Ayiranorea]

Sorry with your losses, you did a wrong choice whilst you are still into loss.

While we are in sympathy with OP’s losses yet he must realized this kind of mistakes is not normal and him being greed is the reason about this

I know how painful it is to lose that amount while looking at the price hike of bitcoin. Cheer up man, there's still a lot of chances for you to recover in some other ways.

He must not risk the holding for gambling because those are different thing.he was stocked in the dumping price of bitcoin but he gambled the fund instead of waiting for the pump

Most of the time users get into gambling when there is immediate need for money. Long back they would've spend on gambling and have won a little. With that hope and not analysing much about the risk starts spending. This further turns to be a spending to recover back the loss. As in the quote lot many ways available for increasing the holdings, gambling too is one among the same when played understanding the limits.