Hard earned money - Busted in seconds

[Viscore]

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me 

This is an unworthy and unjustifiable risk. One thing with uncontrolled gambling quest is that it won't stop giving hopes of recovering losses until the last dime is lost. This is not just about gambling an amount you can afford to lose but more on self control to know when to stop. The debt has to paid which ever way.

This just proves that whether you're a newbie or a legendary in the crypto forum, gambling addiction has still its own way to fall for it and there's nothing we can do but to accept the losses and move on. But more on addiction, gamblers too should also be responsible enough not to gamble those money intended to pay the bills or existing loans. If they can't even control themselves when they are already in gambling, then they must know how to avoid it or minimize it as it will only create worst scenarios after they have lose their last penny.

[1715679905]

1715679905

[1715679905]

1715679905

[TimeTeller]

Many of us lose money, and the emotion after a large loss is really sad; all you have to do is accept how difficult it is. The more money you lose, the more you want it back, and people may get way too greedy, so I recommend taking a break and simply observe the game.

This is called chasing your losses and it happens almost everywhere where money is involved, it is not rare for a trader to work for months to get profits and then when they make a bad trade and lose a great deal of those profits they cannot accept it and then use a lot of money during the next trade to try to recover the money they lost.

However most likely they will lose that trade as well as they were not thinking clearly during those moments, so instead of experimenting a small loss and move on now they have to deal with massive losses which will be almost impossible to recover.

Chasing losses can lead to suicide like in crash scene of Luna in rare cases, traders or gamblers should think twice before chasing losses in previous loss session. It may pay you once and gambler can win back losses but one mistake or bad loss streak can destroy bankroll management terribly. Having a self awareness and proper control of your bets can save gambler, this is what we are suggesting to do.

I believe, everyone has experienced this situation at one point in their gambling life.
So once you learned your own lesson, better be cautious the next time.
Because no one will help you but yourself in this situation.
It is you that subjected yourself in this situation, so it is you also who need to find a way how to get out of the situation.
It is easy to say but hard to implement but that's the reality. If you won't change your habits, you will be in deep trouble with your debts.

[imamusma]

Chasing losses can lead to suicide like in crash scene of Luna in rare cases, traders or gamblers should think twice before chasing losses in previous loss session. It may pay you once and gambler can win back losses but one mistake or bad loss streak can destroy bankroll management terribly. Having a self awareness and proper control of your bets can save gambler, this is what we are suggesting to do.

But not everyone can control their emotions or passions when they want to chase losses. This factor is quite difficult to control in the minds of gamblers. At this stage, someone who has suffered a fatal loss must have someone to accompany and provide advice on further actions. If no one is there, of course he will make a ridiculous decision to pursue a loss.

[blockman]

One thing with uncontrolled gambling quest is that it won't stop giving hopes of recovering losses until the last dime is lost. This is not just about gambling an amount you can afford to lose but more on self control to know when to stop. The debt has to paid which ever way.

That will be the matter at most times for all of us gamblers, we think of recovery every time we're losing and that's going to give us a result that is hard to accept.
Self control is going with the action that we have in every situation that we face and sometimes those suggestions are hard to follow because we're reacting normally as we face those situations that we don't like.

When in a situation that is not liked, gamblers must be able to control themselves, cases that often occur gamblers will lose more if they continue to be forced to play. For some gamblers it is difficult to leave the gambling place when they are losing, because emotions are difficult to control. Gamblers who play casually are calmer than gamblers who cannot control their emotions, they will stop when they are losing, and set a target or stop loss when they are in winning situation.

It is they that are forcing themselves to play even though they know that there's no direction that will be met as of the moment because they're on the verge of losing more and losing their control.
So two things that are hard to control when they're looking at themselves continue to gamble even if they understand the results could get worse if they don't stop as soon as possible. And that's where the hard-earned money you have will be easily gone because of your poor decision.

[Fatunad]

One thing with uncontrolled gambling quest is that it won't stop giving hopes of recovering losses until the last dime is lost. This is not just about gambling an amount you can afford to lose but more on self control to know when to stop. The debt has to paid which ever way.

That will be the matter at most times for all of us gamblers, we think of recovery every time we're losing and that's going to give us a result that is hard to accept.
Self control is going with the action that we have in every situation that we face and sometimes those suggestions are hard to follow because we're reacting normally as we face those situations that we don't like.

When in a situation that is not liked, gamblers must be able to control themselves, cases that often occur gamblers will lose more if they continue to be forced to play. For some gamblers it is difficult to leave the gambling place when they are losing, because emotions are difficult to control. Gamblers who play casually are calmer than gamblers who cannot control their emotions, they will stop when they are losing, and set a target or stop loss when they are in winning situation.

It is they that are forcing themselves to play even though they know that there's no direction that will be met as of the moment because they're on the verge of losing more and losing their control.
So two things that are hard to control when they're looking at themselves continue to gamble even if they understand the results could get worse if they don't stop as soon as possible. And that's where the hard-earned money you have will be easily gone because of your poor decision.

Its just dumb and mind boggling on why someone would be using up their hard earned funds into something which could really vanish out on an instant? If they had just mind off on how hard to earn
money then they wont really be touching gambling in the first place or simply made out some bets but on a very minimal amount that they could use but since human beings are naturally greedy
then there are indeed times which we cant really able to resist such thing.

[Poker Player]

Its just dumb and mind boggling on why someone would be using up their hard earned funds into something which could really vanish out on an instant? If they had just mind off on how hard to earn
money then they wont really be touching gambling in the first place or simply made out some bets but on a very minimal amount that they could use but since human beings are naturally greedy
then there are indeed times which we cant really able to resist such thing.

You are describing what is compulsive behavior. Problem gamblers don't just lose money and think it's okay what they are doing, they know it's wrong, they know they have to stop gambling, they know they shouldn't take a loan to keep gambling, etc. but the addiction gets the better of them and leads them to keep gambling while they are in a kind of trance even though they know the consequences.

[Smartprofit]

Its just dumb and mind boggling on why someone would be using up their hard earned funds into something which could really vanish out on an instant? If they had just mind off on how hard to earn
money then they wont really be touching gambling in the first place or simply made out some bets but on a very minimal amount that they could use but since human beings are naturally greedy
then there are indeed times which we cant really able to resist such thing.

You are describing what is compulsive behavior. Problem gamblers don't just lose money and think it's okay what they are doing, they know it's wrong, they know they have to stop gambling, they know they shouldn't take a loan to keep gambling, etc. but the addiction gets the better of them and leads them to keep gambling while they are in a kind of trance even though they know the consequences.

Yes that's right. 

A gambler who is addicted to gambling is aware of the illogicality of his actions, but cannot stop. 

Will is the energy of a person aimed at achieving important goals for him.  A player suffering from gambling addiction is deprived of the opportunity to perform adequate actions (loses his will).  This state can be compared to a nightmare (in a dream). 

It is in such painful states that large sums of money are usually lost.  Thus, painful gambling is a huge problem.  It is as dangerous as drug addiction and alcoholism. 

Very often in such situations, a person needs the help of an experienced professional (specialist in the field of medicine).

[swogerino]

Its just dumb and mind boggling on why someone would be using up their hard earned funds into something which could really vanish out on an instant? If they had just mind off on how hard to earn
money then they wont really be touching gambling in the first place or simply made out some bets but on a very minimal amount that they could use but since human beings are naturally greedy
then there are indeed times which we cant really able to resist such thing.

You are describing what is compulsive behavior. Problem gamblers don't just lose money and think it's okay what they are doing, they know it's wrong, they know they have to stop gambling, they know they shouldn't take a loan to keep gambling, etc. but the addiction gets the better of them and leads them to keep gambling while they are in a kind of trance even though they know the consequences.

Exactly and their main motivation by doing such deeds is the thinking that with this amount of money,that I borrowed or that I had to pass the month I will recover the money I lost and maybe I will even win more money back.That leads inevitably to destruction and it takes serious effort to stop such compulsive behavior.The OP here acknowledged his fault,he knew he was wrong and is not going to repeat it which is different from a compulsory behavior.

[Kelvinid]

Its just dumb and mind boggling on why someone would be using up their hard earned funds into something which could really vanish out on an instant? If they had just mind off on how hard to earn
money then they wont really be touching gambling in the first place or simply made out some bets but on a very minimal amount that they could use but since human beings are naturally greedy
then there are indeed times which we cant really able to resist such thing.

You are describing what is compulsive behavior. Problem gamblers don't just lose money and think it's okay what they are doing, they know it's wrong, they know they have to stop gambling, they know they shouldn't take a loan to keep gambling, etc. but the addiction gets the better of them and leads them to keep gambling while they are in a kind of trance even though they know the consequences.

Exactly and their main motivation by doing such deeds is the thinking that with this amount of money,that I borrowed or that I had to pass the month I will recover the money I lost and maybe I will even win more money back.That leads inevitably to destruction and it takes serious effort to stop such compulsive behavior.The OP here acknowledged his fault,he knew he was wrong and is not going to repeat it which is different from a compulsory behavior.

That's a wrong mentality already, it only showed that they are gambling on what they cannot afford anymore, and the fact that they are thinking of recovering their losses, will only make them lose more as they will not give up until they will fully recover their losses. Sometimes, losing discipline in gambling will result to bigger problem, as instead of using an strategy that will work, we are only following our emotion.

[carlisle1]

Chasing losses can lead to suicide like in crash scene of Luna in rare cases, traders or gamblers should think twice before chasing losses in previous loss session. It may pay you once and gambler can win back losses but one mistake or bad loss streak can destroy bankroll management terribly. Having a self awareness and proper control of your bets can save gambler, this is what we are suggesting to do.

But not everyone can control their emotions or passions when they want to chase losses. This factor is quite difficult to control in the minds of gamblers. At this stage, someone who has suffered a fatal loss must have someone to accompany and provide advice on further actions. If no one is there, of course he will make a ridiculous decision to pursue a loss.

Yup, best to have someone who can talk to the person and guide him to avoid going deeper and lose more money.

Gambling addiction not just ruined you financially but more on mentally, if you already have that kind of mindset to keep chasing

your losses, it will be better to ask for help and be vocal expressing your concern will easy the recovering period from the help of your

love ones. If you already lose a huge amount of money, try not to come back and gamble, face it and learn from the mistake you've done.

[Boristhecat]

You are describing what is compulsive behavior. Problem gamblers don't just lose money and think it's okay what they are doing, they know it's wrong, they know they have to stop gambling, they know they shouldn't take a loan to keep gambling, etc. but the addiction gets the better of them and leads them to keep gambling while they are in a kind of trance even though they know the consequences.

In fact, it is difficult to determine the degree to which a gambler understands his problems. Maybe at the psychologist's appointment he says that he understood everything already in the process of the game but could not stop, but in fact when he played he believed in winning. I think if you study the gambler before the game, during the game and after the game, we will get different results.

[Fatunad]

Its just dumb and mind boggling on why someone would be using up their hard earned funds into something which could really vanish out on an instant? If they had just mind off on how hard to earn
money then they wont really be touching gambling in the first place or simply made out some bets but on a very minimal amount that they could use but since human beings are naturally greedy
then there are indeed times which we cant really able to resist such thing.

You are describing what is compulsive behavior. Problem gamblers don't just lose money and think it's okay what they are doing, they know it's wrong, they know they have to stop gambling, they know they shouldn't take a loan to keep gambling, etc. but the addiction gets the better of them and leads them to keep gambling while they are in a kind of trance even though they know the consequences.

Exactly and their main motivation by doing such deeds is the thinking that with this amount of money,that I borrowed or that I had to pass the month I will recover the money I lost and maybe I will even win more money back.That leads inevitably to destruction and it takes serious effort to stop such compulsive behavior.The OP here acknowledged his fault,he knew he was wrong and is not going to repeat it which is different from a compulsory behavior.

That's a wrong mentality already, it only showed that they are gambling on what they cannot afford anymore, and the fact that they are thinking of recovering their losses, will only make them lose more as they will not give up until they will fully recover their losses. Sometimes, losing discipline in gambling will result to bigger problem, as instead of using an strategy that will work, we are only following our emotion.

Dont follow your emotions no matter what specially on gambling because it would really make things even more worst because once emotions is in control then having that proper mind control or discipline would surely
lost track on where you would definitely be chasing up your losses and having those impressions and thinking that you could possibly able to recover on what you had lost which is really a very wrong mindset.
Play on the amount that you could only afford to lose because if you do go beyond that point then you would really be creating these kind of actions which is something that creates even
more or greater problem.

[ufaiz50]

There are a lot of people who gamble huge amounts and capitals, but usually those kinds of stories don't happen. After all, nobody likes to post their negative experiences on a forum. Often out of a sense of shame, I think. You often only see the success stories. You will not often see gamblers who lose often and lose a lot of stories, not even on this forum.

[blockman]

It is they that are forcing themselves to play even though they know that there's no direction that will be met as of the moment because they're on the verge of losing more and losing their control.
So two things that are hard to control when they're looking at themselves continue to gamble even if they understand the results could get worse if they don't stop as soon as possible. And that's where the hard-earned money you have will be easily gone because of your poor decision.

Its just dumb and mind boggling on why someone would be using up their hard earned funds into something which could really vanish out on an instant? If they had just mind off on how hard to earn
money then they wont really be touching gambling in the first place or simply made out some bets but on a very minimal amount that they could use but since human beings are naturally greedy
then there are indeed times which we cant really able to resist such thing.

That's what addiction can do to someone. Even if it's the hard-earned money or life savings is at stake, he won't think about that because the first priority that comes to his mind is all about his satisfaction to gamble.
All of those things will come naturally as he realizes that he should haven't done that because he's not the right thinking by that time due to the circumstance and situation.

[BuNga_cute]

There are a lot of people who gamble huge amounts and capitals, but usually those kinds of stories don't happen. After all, nobody likes to post their negative experiences on a forum. Often out of a sense of shame, I think. You often only see the success stories. You will not often see gamblers who lose often and lose a lot of stories, not even on this forum.

It is true that logically people do prefer to share their experiences of success when gambling, rather than telling their loss. Since most people don't
want to look bad, that's a thing that happens a lot these days. Even though I think sharing bad experiences when gambling is important, we can learn
from the mistakes of others to be a successful gambler. Especially if we experience losses when using large capital, it will hurt if we tell it to others.
I am also not very happy to share my experience of losses when gambling, because it is too painful to talk about it. So I can understand if someone
doesn't want to share their experiences of losses when gambling, because it's not easy to tell. Therefore I really appreciate it if there is a gambler
who is open to telling the experience of losses that he experienced when gambling.

[South Park]

There are a lot of people who gamble huge amounts and capitals, but usually those kinds of stories don't happen. After all, nobody likes to post their negative experiences on a forum. Often out of a sense of shame, I think. You often only see the success stories. You will not often see gamblers who lose often and lose a lot of stories, not even on this forum.

It is true that logically people do prefer to share their experiences of success when gambling, rather than telling their loss. Since most people don't
want to look bad, that's a thing that happens a lot these days. Even though I think sharing bad experiences when gambling is important, we can learn
from the mistakes of others to be a successful gambler. Especially if we experience losses when using large capital, it will hurt if we tell it to others.
I am also not very happy to share my experience of losses when gambling, because it is too painful to talk about it. So I can understand if someone
doesn't want to share their experiences of losses when gambling, because it's not easy to tell. Therefore I really appreciate it if there is a gambler
who is open to telling the experience of losses that he experienced when gambling.

This is human nature, if you take a look at social media you are going to see that most of what people share are the good moments of their lives and not the bad ones that they keep to themselves, and even scientists are not above this, the Voyager I contains a Golden Record with images and sounds and as you may guess it contains for the most part good images and it does not include images of the contamination or the wars we have gone through, so I think it is natural that people are very reticent to talk about their unsuccessful gambling experiences.

[SirLancelot]

Its just dumb and mind boggling on why someone would be using up their hard earned funds into something which could really vanish out on an instant? If they had just mind off on how hard to earn
money then they wont really be touching gambling in the first place or simply made out some bets but on a very minimal amount that they could use but since human beings are naturally greedy
then there are indeed times which we cant really able to resist such thing.

You are describing what is compulsive behavior. Problem gamblers don't just lose money and think it's okay what they are doing, they know it's wrong, they know they have to stop gambling, they know they shouldn't take a loan to keep gambling, etc. but the addiction gets the better of them and leads them to keep gambling while they are in a kind of trance even though they know the consequences.

I think these kind of people are just going on with the flow. They know that they are already there and it's hard for them to go back anymore so they just continue what they are doing even they know that it was wrong. I can understand them because I almost became an addicted gambler but luckily my case didn't become really severe.

Now I overcome it and I am only playing tiny amounts for fun. If only the other users went in the same path, they won't heavily blame the op but they will know how hard it is to resist gambling if they are suffering on a similar situation. Still, I hope that those guys didn't end up like that because if they did, then maybe they will also feature their own story here.

[traderethereum]

There are a lot of people who gamble huge amounts and capitals, but usually those kinds of stories don't happen. After all, nobody likes to post their negative experiences on a forum. Often out of a sense of shame, I think. You often only see the success stories. You will not often see gamblers who lose often and lose a lot of stories, not even on this forum.

It's better for them to keep the sad story to themselves than to tell someone else or tell about their loss but they don't say how much money they have lost.
If they tell their experience of playing gambling, whatever the outcome, we can take lessons from their experience so that we will not make the same mistakes.
In playing gambling, there are many factors that we must pay attention to and take care of to reduce the loss of money there.
We need to remember that we cannot win many times in gambling.

[btc78]

There are a lot of people who gamble huge amounts and capitals, but usually those kinds of stories don't happen. After all, nobody likes to post their negative experiences on a forum. Often out of a sense of shame, I think. You often only see the success stories. You will not often see gamblers who lose often and lose a lot of stories, not even on this forum.

It's better for them to keep the sad story to themselves than to tell someone else or tell about their loss but they don't say how much money they have lost.
If they tell their experience of playing gambling, whatever the outcome, we can take lessons from their experience so that we will not make the same mistakes.
In playing gambling, there are many factors that we must pay attention to and take care of to reduce the loss of money there.
We need to remember that we cannot win many times in gambling.

sometimes it is better to release those sad stories to others for us to find answers why this needs to happen and with that we will have closure and understanding so this will never happen again.
because the more we keep those  inside is the more chances that we will be having the same mistakes again.
so let them be on that and lets prevent this from happening to us.

[RealMalatesta]

it only showed that they are gambling on what they cannot afford anymore, and the fact that they are thinking of recovering their losses, will only make them lose more as they will not give up until they will fully recover their losses. Sometimes, losing discipline in gambling will result to bigger problem, as instead of using an strategy that will work, we are only following our emotion.

Gambling on what you can't afford to lose is the number one mistake and unfortunately done by so many gamblers, and even investors as well. I have seen too many people commit suicide over this Luna deal. If you are investing money that you would commit suicide over, then maybe you shouldn't really invest that money? I mean the odds of your investment going from 80+ dollars each to under 1 cents is not that common I agree with that, but it still doesn't mean that it can't happen.

Hence, gamblers and investors needs to only put money in there that they are willing to lose, otherwise it makes no sense to keep it there. That's just what I think it should be doing, not invest money you would cry over.