From Mining to Gambling: A Rollercoaster Ride in the Crypto World

[B3albakii]

1.Maybe you should move this thread to the Gambling Discussion forum, since you are writing about crypto gambling. This forum is about discussions that are directly related to Bitcoin.
2.I find it hard to believe your story. Can you post some kind of proof? Transactions of the blockchain? Screenshots from casinos?
3.I guess that you have formed some kind of gambling addiction. Winning 100K via gambling makes you think that you could win 1M, which is totally delusional. The casino always wins at the end of the day and gambling is supposed to be for fun only. This is not a way to make money consistently or to become rich quick. Quit gambling ASAP. This isn't a healthy behavior.

I can't understand why you don't believe me. I didn't create this to have fun. I was genuinely hurt by it. I'm sharing my experience to warn others not to trust casinos because they can be damaging. If I had a million dollars that day, I believe the casino would have taken it. I've shared some transaction IDs (TXIDs) from my wallet to the casino. Please check them out.

[1715023949]

1715023949

[1715023949]

1715023949

[1715023949]

1715023949

[B3albakii]

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This story of yours is the typical result for people that gain quick rich since you will be more greedy on entering more risky investments because you accumulate your money in an easy way.

It’s very hard to get over on this kind of lose but this lesson will surely gave you a valuable experience in the future to be more careful when you start earning again in a regular way. I’m almost gonna experience like this but I always manage securing my initial investment when in profit so that I can’t lose it all just like what happened to you. Bounce back stronger!

[Z390]

The combination of two ways to make money can bring distraction easily, you've learn your lesson, as a crypto miner you are free of losing your money, all you need is to monitor your farm and sell when the time is right, but futures is something different, it's full of risks and you need to learn a lot before starting to trade, it's easier to learn how to configure mining rigs but not like futures trading.

If you started this journey as a trader you would have messed up everything, maybe all the money you use to buy those Asic miners would have been wasted on gambling, it's highly possible, this is why I don't advice beginners to go for trading.

If you want peace of mind with crypto, buy Bitcoin with your spare money and hold it in a open source wallet, or even a hardware wallet, if you like mining its also a good way to accumulate Bitcoin, start mining and hold until BTC makes new all time high.

[ThemePen]

We have many stories like this. First of all you lost in Future trading because you dependent on the signal group. Regarding this loss I will say that please learn some fundamentals and learn much as you can. And in future trading I will recommend that fist start with little amount and only invest 2 to 3% of your portfolio. And get some experience how the market is moving. If you will get some knowledge so you will get some profit. And never depend on anyone. Make your own analysis.

Secondly your loss in gambling. First I surprised when I saw that you won $100000 in 14 days. You were lucky at that time and You should have skipped. And I am also thinking how you have given you all winnings in just 3 minutes. This is a good experience by the way you should now leave the gambling. This will be good for you and for your health. If you are getting some profit from mining so you should continue this.
From winning $100000 more mining machines could be bought. So next time be careful. And never do gambling. This is a humble advice.

[benalexis12]

Hey everyone, I wanted to share my experience diving into the world of mining and crypto. I purchased three L3+ machines and enjoyed a nice profit from hashing on Nicehash for Bitcoin mining. However, with minimal knowledge, I delved into futures trading, following a paid signal WhatsApp group with just $500. I would enter trades with $200, experiencing some quick wins, making $50 or $100, but ultimately losing it all. Despite earning around $3,000 worth in BTC from mining, I lost it all in futures trading.

Then, I stumbled upon a crypto casino online. I deposited $20 and started playing various original casino games, winning about $350, all in USDT, only to lose it shortly after. Despite winning and losing amounts like $500 or $1,000 from subsequent deposits, I eventually found myself with just $50. I decided to play keno, choosing 10 out of 40 numbers. Luck seemed to be on my side as I made over $100,000 in 14 days. That night, I moved $85,000 to a cold wallet and left $7,000 in the casino to make a daily profit of $200. Additionally, I had $5,000 in Binance. The following morning, I eagerly joined the casino only to watch in dismay as I lost $7,000 in just 10 seconds. Frustrated, I deposited $10,000 from the cold wallet, only to lose it in less than a minute. I continued with a deposit of $20,000, experiencing the same outcome. Observing my substantial losses adding up to over $48,000, I then withdrew the remaining $43,000 from the cold wallet and wagered it all in the casino, losing it. Binance also suffered, and in the span of 3 minutes, I lost over $100,000.

That's my story, and I apologize if it was lengthy. I went to bed wealthy and woke up poor again.

Based on the story that you experienced, you went into an investment that you had no idea about, just like a signal on Wattsapp, and you lost a lot. I think that right here there was something wrong done.

The only thing I don't understand is why you let it lead to such an amount to grow even more instead of stopping it. Did you think that if you continued, you would still be able to recover what you lost to them? That's probably what you thought; that's why you were put in that situation. This is just proof that if you don't have knowledge, your investment capital will just go to waste. That's really a lesson learned, not only for you but also for other communities here.

[UmerIdrees]

Hey everyone, I wanted to share my experience diving into the world of mining and crypto. I purchased three L3+ machines and enjoyed a nice profit from hashing on Nicehash for Bitcoin mining. However, with minimal knowledge, I delved into futures trading, following a paid signal WhatsApp group with just $500. I would enter trades with $200, experiencing some quick wins, making $50 or $100, but ultimately losing it all. Despite earning around $3,000 worth in BTC from mining, I lost it all in futures trading.

Then, I stumbled upon a crypto casino online. I deposited $20 and started playing various original casino games, winning about $350, all in USDT, only to lose it shortly after. Despite winning and losing amounts like $500 or $1,000 from subsequent deposits, I eventually found myself with just $50. I decided to play keno, choosing 10 out of 40 numbers. Luck seemed to be on my side as I made over $100,000 in 14 days. That night, I moved $85,000 to a cold wallet and left $7,000 in the casino to make a daily profit of $200. Additionally, I had $5,000 in Binance. The following morning, I eagerly joined the casino only to watch in dismay as I lost $7,000 in just 10 seconds. Frustrated, I deposited $10,000 from the cold wallet, only to lose it in less than a minute. I continued with a deposit of $20,000, experiencing the same outcome. Observing my substantial losses adding up to over $48,000, I then withdrew the remaining $43,000 from the cold wallet and wagered it all in the casino, losing it. Binance also suffered, and in the span of 3 minutes, I lost over $100,000.

That's my story, and I apologize if it was lengthy. I went to bed wealthy and woke up poor again.

You started well by mining the bitcoins but then you lost the way of thinking you can make good money in future trading and gambling.

First of all, you treated future trading as gambling and that is why you lose money. You need to learn trading first, the use of stop loss and all other stuff so you know how to take your positions and how to prevent yourself from being liquidated. If you just jump in the future trade by following some signal groups. you will lose in the mid to long run.

And then comes gambling and there is nothing more riskier than to gamble with your money. You did just that and since gambling is easy and requires no knowledge does not that you will make easy money here too.

I hope now you understand what wrong you have done  with yourself and how will you prepare better for the future.

[kotajikikox]

from depositing 20 dollars , going to 20,000 dollars? damn that is a sign of Loss chaser mate and indeed that this is a sign of you now best in gambling world because there is no place to chase losses .
the moment you sat on the table better to know how to limit your capacity in expecting and in spending .

it is always sad to see how gamblers need to learn the hard way while they can just learn from the mild way.

I'm sure that this is a story that you will keep bumping in your mind to remind you not to gamble again or learn first to know how to limit your budget.

[shield132]

OP I thought I would hear a story like generating cheap altcoins via mining, then depositing them on casino, gambling for fun and repeating the same to get that pleasure you get when you quickly mine, deposit and get the desired fun but what you wrote is truly a sad loss.

They will improve quickly.  Take it as a lesson.  Not as a LOSS.  Accept this was your fate and step ahead.

Loss is a loss, we can't mask it, it affected his finances and mental health negativity. It's very important now for him to not try to gain what he lost because that is the moment when gambling addiction starts. OP has to forget what happened, imagine it was a fairy tale with good beginning and bad ending but it ended and that's all. OP just don't try to gamble for recovering your loses, you'll lose more. Only gamble for fun if you can, if not, then just forget it.

[sunsilk]

I thought that you're sharing a happy ending on this but not this time. The lesson that we can learn here is, it's not about how big profit or win that we get.

But it's about on how we're able to save or keep that profit that we make. Because for some who wins a big amount, the thought that it can easily be spent is there because you've got it easily as well.

If you're the type of person that secures every profit you make, taking out the bankroll or capital you've got and then continue gambling with your profits, that's okay. However, if you're also gambling everything after all the winnings and capitals you have, the problem is on you.

I hope that you can recover from this experience and thank you for sharing.

[Jawhead999]

According to your story, it sounds like you're want to blame gambling as the reason you lose your money. Gambling is definitely will make you lose in the future, but your fault was gamble all of your funds, you're lack of self control.

I'd say it's dumb for looking to earn money through gambling, even trading is still 50/50.

Txid.   0xa602aa6ab5a8acf6d0d47c490d7c26b05c7b9f732fbfdafd35e9e610fb179125

Can you explain to me why your TXID direct to BSC chain? https://blockchair.com/bnb/transaction/0xa602aa6ab5a8acf6d0d47c490d7c26b05c7b9f732fbfdafd35e9e610fb179125

[Cookdata]

Hey everyone, I wanted to share my experience diving into the world of mining and crypto. I purchased three L3+ machines and enjoyed a nice profit from hashing on Nicehash for Bitcoin mining. However, with minimal knowledge, I delved into futures trading, following a paid signal WhatsApp group with just $500. I would enter trades with $200, experiencing some quick wins, making $50 or $100, but ultimately losing it all. Despite earning around $3,000 worth in BTC from mining, I lost it all in futures trading.

Finally, I have seen someone who confessed about the wrong move to subscribe to signal groups, you will only get nothing but loss because nothing is promised as a trader even when they give you good trade, it can be invalidated in less than an hour. What painful about the signal groups that many people don't know is that they will collect subscription fees from them and after adding them to the signal group, they don't make anything and the owner of the signal group goes unpunished. Funny how someone will just draw a line and give it to people and he/she doesn't trade it, if it is that profitable, I'm sure that he will keep the strategy to himself enjoying the profit alone without sharing the recipe. 

Then, I stumbled upon a crypto casino online. I deposited $20 and started playing various original casino games, winning about $350, all in USDT, only to lose it shortly after. Despite winning and losing amounts like $500 or $1,000 from subsequent deposits, I eventually found myself with just $50. I decided to play keno, choosing 10 out of 40 numbers. Luck seemed to be on my side as I made over $100,000 in 14 days. That night, I moved $85,000 to a cold wallet and left $7,000 in the casino to make a daily profit of $200. Additionally, I had $5,000 in Binance. The following morning, I eagerly joined the casino only to watch in dismay as I lost $7,000 in just 10 seconds. Frustrated, I deposited $10,000 from the cold wallet, only to lose it in less than a minute. I continued with a deposit of $20,000, experiencing the same outcome. Observing my substantial losses adding up to over $48,000, I then withdrew the remaining $43,000 from the cold wallet and wagered it all in the casino, losing it. Binance also suffered, and in the span of 3 minutes, I lost over $100,000.

That's my story, and I apologize if it was lengthy. I went to bed wealthy and woke up poor again.

Jesus! $100k is a big damage man, sorry about that but damn, you learn the hard way because I'm not sure why it's difficult for some people to quit at some point. I know it's easy to quit and say with mouth but there are some profits that I will make at some point in my life that I will have a break and withdraw my money to an external wallet and then have a rethink of the next move. If you do that, you will even have time to think properly about the next move and what to do about the gambling strategy.

Leaving such a win is even a big risk because I'm pretty sure that if you wanted to withdraw that amount from the casino, they would probably say you should undergo some KYC requirements especially if you are new to the casino, we have seen many cases like that in this forum. If you have done that, starting again with a $1k deposit will let you easily know your missed step and when to quit because I know that if you have lost $1k like 3 times, you will not make the next deposit but sorry for the hard experience, you can still bounce back, never give up.

[michellee]

It seems that it is because of your greed that you don't think about stopping after experiencing your first loss at gambling. This is what many gamblers, beginners, and veterans often experience because in gambling, you always see many temptations. And it should be that after you successfully earn $100k in 14 days, you stop gambling and focus more on trading while learning more.

But it seems that you are increasingly tempted by gambling, making you deposit more money. That's gambling that can make you rich overnight or poor overnight. Many people have experienced this and now they have ended tragically.

Hopefully, you can learn from your mistakes and not repeat them. If you are still mining and can still make a profit, you could continue. But if you can learn trading so you can make a profit. You can still get up and make your experience the best teacher and never repeat it.

[Kelward]

That's my story, and I apologize if it was lengthy. I went to bed wealthy and woke up poor again.

No apology needed as far as I'm concerned, your experience that you shared is a big lesson for anyone that cares to learn from your mistakes. Lesson learned from you is that it's very dangerous to to chase loses in gambling, and any other challenges that confronts us. He who fights and run away, lives to fight another day, so when your loses exhausts your budgeted capital for the day's gambling, then it's better to retreat and live to gamble another day. So in summary, chasing loses leads to desperation, where you only realize how far you'd gone, only when the whole money is lost.

With your experience, I hope you give gambling a break, and stick to mining or bitcoin trading, they're far safer, not like gambling that you depend solely on luck to make profit or win.

[summonerrk]

Hey everyone, I wanted to share my experience diving into the world of mining and crypto. I purchased three L3+ machines and enjoyed a nice profit from hashing on Nicehash for Bitcoin mining. However, with minimal knowledge, I delved into futures trading, following a paid signal WhatsApp group with just $500. I would enter trades with $200, experiencing some quick wins, making $50 or $100, but ultimately losing it all. Despite earning around $3,000 worth in BTC from mining, I lost it all in futures trading.

Then, I stumbled upon a crypto casino online. I deposited $20 and started playing various original casino games, winning about $350, all in USDT, only to lose it shortly after. Despite winning and losing amounts like $500 or $1,000 from subsequent deposits, I eventually found myself with just $50. I decided to play keno, choosing 10 out of 40 numbers. Luck seemed to be on my side as I made over $100,000 in 14 days. That night, I moved $85,000 to a cold wallet and left $7,000 in the casino to make a daily profit of $200. Additionally, I had $5,000 in Binance. The following morning, I eagerly joined the casino only to watch in dismay as I lost $7,000 in just 10 seconds. Frustrated, I deposited $10,000 from the cold wallet, only to lose it in less than a minute. I continued with a deposit of $20,000, experiencing the same outcome. Observing my substantial losses adding up to over $48,000, I then withdrew the remaining $43,000 from the cold wallet and wagered it all in the casino, losing it. Binance also suffered, and in the span of 3 minutes, I lost over $100,000.

That's my story, and I apologize if it was lengthy. I went to bed wealthy and woke up poor again.

An incredible story, but I think that the main theme in it is not cryptocurrencies, but excitement. Have you ever watched a video about ludomaniacs? Your case is a typical scenario of a gambler's behavior. After a small loss, there is a desire to restore everything and after that, each bet becomes bigger and bigger until the deposit is completely reset. It looks like a very unsuccessful Martingale strategy. Don't be upset, as they say: money came easily and left easily.

[m2017]

~snip

You have had quite a rich and eventful life experience from mining to gambling, it seems, with a slight and short-term deviation towards trading. To be honest, you can get confused in these numbers, wins and losses, and can get tired of reading your text.

What's the moral of this story? Does gambling (as well as trading) lead to poverty? It seems to me that the old well-known expression will fit here: easy come - easy go. You would have been better off focusing on mining.

Wouldn't it be better for this topic to be in the "gambling" section?

[el kaka22]

I mean it is not about this being real or not, the upsetting part is that, even if OP is lying, that doesn't mean that there aren't any people like this in the world. I have actually met with people who lost all their 700k in gambling and not like they had anything else. This dude had no money at all, he was just a worker somewhere, he is still working for salary, he made money from trading bitcoin, he bought it when it was super cheap, he gambled some and turned that into 700k too, and then lost it all, believing his winning streak would continue.

This is real, I have seen him, I have met him, he is a "sort of friend" of mine, I was there when he won, I was there when he lost, this is a real story. So yeah, these type of things do happen.

[B3albakii]

Hey everyone, I wanted to share my experience diving into the world of mining and crypto. I purchased three L3+ machines and enjoyed a nice profit from hashing on Nicehash for Bitcoin mining. However, with minimal knowledge, I delved into futures trading, following a paid signal WhatsApp group with just $500. I would enter trades with $200, experiencing some quick wins, making $50 or $100, but ultimately losing it all. Despite earning around $3,000 worth in BTC from mining, I lost it all in futures trading.

Then, I stumbled upon a crypto casino online. I deposited $20 and started playing various original casino games, winning about $350, all in USDT, only to lose it shortly after. Despite winning and losing amounts like $500 or $1,000 from subsequent deposits, I eventually found myself with just $50. I decided to play keno, choosing 10 out of 40 numbers. Luck seemed to be on my side as I made over $100,000 in 14 days. That night, I moved $85,000 to a cold wallet and left $7,000 in the casino to make a daily profit of $200. Additionally, I had $5,000 in Binance. The following morning, I eagerly joined the casino only to watch in dismay as I lost $7,000 in just 10 seconds. Frustrated, I deposited $10,000 from the cold wallet, only to lose it in less than a minute. I continued with a deposit of $20,000, experiencing the same outcome. Observing my substantial losses adding up to over $48,000, I then withdrew the remaining $43,000 from the cold wallet and wagered it all in the casino, losing it. Binance also suffered, and in the span of 3 minutes, I lost over $100,000.

That's my story, and I apologize if it was lengthy. I went to bed wealthy and woke up poor again.

Based on the story that you experienced, you went into an investment that you had no idea about, just like a signal on Wattsapp, and you lost a lot. I think that right here there was something wrong done.

The only thing I don't understand is why you let it lead to such an amount to grow even more instead of stopping it. Did you think that if you continued, you would still be able to recover what you lost to them? That's probably what you thought; that's why you were put in that situation. This is just proof that if you don't have knowledge, your investment capital will just go to waste. That's really a lesson learned, not only for you but also for other communities here.

I didn't win the $100,000 all at once. It was a gradual process. For instance, the first time I won $970. Then I played with that and won $2,000. I continued in this way, reaching $5,000. Each time I withdrew my winnings to a separate account and retained $500 or more, which I then used for further play. If I ever lost, I would replenish the amount from that account and continue playing. I always believed in this strategy and was confident that I could recover any losses because I thought I knew the game well and was skilled at it. However, in the end, I lost all of my money.

[B3albakii]

from depositing 20 dollars , going to 20,000 dollars? damn that is a sign of Loss chaser mate and indeed that this is a sign of you now best in gambling world because there is no place to chase losses .
the moment you sat on the table better to know how to limit your capacity in expecting and in spending .

it is always sad to see how gamblers need to learn the hard way while they can just learn from the mild way.

I'm sure that this is a story that you will keep bumping in your mind to remind you not to gamble again or learn first to know how to limit your budget.

I will never win that amount again, and it's still on my mind. However, I am done. I don't want to lose more money trying to recover what I lost.

[B3albakii]

OP I thought I would hear a story like generating cheap altcoins via mining, then depositing them on casino, gambling for fun and repeating the same to get that pleasure you get when you quickly mine, deposit and get the desired fun but what you wrote is truly a sad loss.

They will improve quickly.  Take it as a lesson.  Not as a LOSS.  Accept this was your fate and step ahead.

Loss is a loss, we can't mask it, it affected his finances and mental health negativity. It's very important now for him to not try to gain what he lost because that is the moment when gambling addiction starts. OP has to forget what happened, imagine it was a fairy tale with good beginning and bad ending but it ended and that's all. OP just don't try to gamble for recovering your loses, you'll lose more. Only gamble for fun if you can, if not, then just forget it.

after losing that money, the next day I won $3,000 and lost it immediately because I thought I could recover the $100,000. Then, every day I was getting a $180 daily bonus, making it $500 easily, and then, boom, I lost. I lost more than $5,000 after that $100,000. But I think the casino stopped me from winning anymore. Who knows?

[B3albakii]

Txid.   0xa602aa6ab5a8acf6d0d47c490d7c26b05c7b9f732fbfdafd35e9e610fb179125

Can you explain to me why your TXID direct to BSC chain? https://blockchair.com/bnb/transaction/0xa602aa6ab5a8acf6d0d47c490d7c26b05c7b9f732fbfdafd35e9e610fb179125
[/quote]


After I withdraw my winnings, I transfer them to my Binance wallet and then to the cold wallet.