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Author Topic: From 650 Bitcoins to one: Why you should never gamble  (Read 4125 times)
Pascal Parvex (OP)
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I once bet 100 Bitcoins on a 1:2 chance and lost.


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March 03, 2015, 10:55:18 AM
 #1

Well, I have a gambling problem and I will ask my "Shrink" for help. My problem is that I like to play roulette. So long story short, I made it from 650 Bitcoins, where almost 600 were pure profit, to one. You can check it here: https://blockchain.info/de/address/1GJ7EMh9JyyBAKteQZLHXn8jbHz5ymfCqW And 340 Bitcoins from my winnings are not even in the Blockchain, als I only had them ingame (roulette) and sadly did not cash out until I had lost everything.

So here is my warning: Never gamble! It is just not worth it! Not the money, not the nerves. I also have played roulette wiht Fiat money in the last 10 years, my total loss up to date is around 25'000 Dollars. I now only have 1.4 Bitcoinis and 10.250 Million Dogecoins left...Now I just have the money to make ends meet.

Enzyme
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March 03, 2015, 10:59:14 AM
 #2

Bad luck man! You'll win at the start but end up losing it all.
hilariousandco
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March 03, 2015, 11:17:03 AM
 #3

Gambling is just like drugs; you can have fun in moderation but not knowing when to stop can ruin your life pretty quickly.

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March 03, 2015, 11:26:26 AM
 #4

I also ever had a problem in gambling, I thought that my next bet would take me straight back to where I was. I was wrong. Now I have some control back over my life. I deal with my problems now rather than running away

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March 03, 2015, 11:30:33 AM
 #5

Yes stop it forever, focus on something that will give you steady profits over time, rather getting rich quickly with betting  Smiley
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March 03, 2015, 11:45:32 AM
 #6

Gambling is just like drugs; you can have fun in moderation but not knowing when to stop can ruin your life pretty quickly.

Exactly mate..In moderation it can be fun..and be profitable at the same time. I used to bet on all the games I can find n lose a lot. now I only bet one or 2 games a day max.. N i am making some profits now Smiley
Silly Money
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March 03, 2015, 11:46:38 AM
 #7

It's strange how something like gambling can be so addictive and it can quickly suck you in. I think 'quick' games are far easier to lose yourself in because you're up and down with every click of a button or spin of a wheel or throw of a dice and you can just play game after game. That's partly why I don't gamble on them as I don't find them fun or entertaining and they get boring quickly but I like sports betting once a week. Always makes the games more enjoyable and I set my limit and stick to it. Good luck with your problem though op. I hope you can break free of it.

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March 03, 2015, 11:46:53 AM
 #8

Gambling is just like drugs; you can have fun in moderation but not knowing when to stop can ruin your life pretty quickly.

Exactly mate..In moderation it can be fun..and be profitable at the same time. I used to bet on all the games I can find n lose a lot. now I only bet one or 2 games a day max.. N i am making some profits now Smiley

The only gamble that really allows you to make profit is sports bets and such, roulette and others are just not gonna help you.

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March 03, 2015, 11:51:56 AM
 #9

Gambling is just like drugs; you can have fun in moderation but not knowing when to stop can ruin your life pretty quickly.

Damn, man. This is a harsh story. I can relate on the addiction side - I suffer from that too, but for me it's drugs. I had a roommate who had trouble with games too. Addiction is a bitch!

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March 03, 2015, 12:03:46 PM
 #10

Gambling is just like drugs; you can have fun in moderation but not knowing when to stop can ruin your life pretty quickly.

Exactly mate..In moderation it can be fun..and be profitable at the same time. I used to bet on all the games I can find n lose a lot. now I only bet one or 2 games a day max.. N i am making some profits now Smiley

The only gamble that really allows you to make profit is sports bets and such, roulette and others are just not gonna help you.

not really, all gamble are just the same, even if you bet for favorites on the sports bet, they always have the chance to lose to a small teams, so there is never a guarantee that you really make money
and againts small team, they got a pretty small odds, tempting you bet huge amount wit small gain
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March 03, 2015, 12:10:08 PM
 #11

Wow, can't imagine someone losing 600 BTC on gambling. Thats a lot of money. Seems some people learn it the easy way and some the hard one.
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March 03, 2015, 12:24:54 PM
 #12

Wow, can't imagine someone losing 600 BTC on gambling. Thats a lot of money. Seems some people learn it the easy way and some the hard one.

http://www.reddit.com/r/Bitcoin/comments/1npmaq/highroller_loses_800k_with_allin_bet_on_justdice/

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March 03, 2015, 12:30:03 PM
 #13

Wow, can't imagine someone losing 600 BTC on gambling. Thats a lot of money. Seems some people learn it the easy way and some the hard one.

http://www.reddit.com/r/Bitcoin/comments/1npmaq/highroller_loses_800k_with_allin_bet_on_justdice/

Damn. Never bet with money you cant loose. Just play for fun with a few cents.
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March 03, 2015, 12:41:42 PM
 #14

Well, I have a gambling problem and I will ask my "Shrink" for help. My problem is that I like to play roulette.

The first step was admitting you had the problem my friend so a big well done i am just sorry you could not have done it sooner as you obviously also are. Good luck with your recovery it will be very difficult i have a best friend who is 100% the same except he lost everything including his mind  Undecided

Bad luck man! You'll win at the start but end up losing it all.


Could have just kept it at Bad luck man! For starters you are wrong buddy! Who says you will win at the start? You could not win until the end when the law of averages kicks in. The thing is it is all averages the friend of mine had done a lot of study before he started with real money and check this over 1380 something recorded spins 666 was black 666 was red  and the remainder was 0's.

Add up all the numbers on a roulette table and they to add up to 666!!

The story goes a monk created the game and could not figure out how to beat it so he finished his life that shows not even the creator could beat it and it destroyed him, i will hold a prayer for you OP because it will be so so hard you are trying to climb out the abyss and the dark one does not want you to leave  Undecided
cryptworld
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March 03, 2015, 12:44:01 PM
 #15

wow.... that's really bad

I think you have to have your limits clear when you gamble,if not you go out of control
ticoti
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March 03, 2015, 12:52:23 PM
 #16

oh my god... and that was only in a couple of days?

at least it was not earned from working
WEBcreator
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March 03, 2015, 01:27:57 PM
 #17

Well, I have a gambling problem and I will ask my "Shrink" for help. My problem is that I like to play roulette. So long story short, I made it from 650 Bitcoins, where almost 600 were pure profit, to one. You can check it here: https://blockchain.info/de/address/1GJ7EMh9JyyBAKteQZLHXn8jbHz5ymfCqW And 340 Bitcoins from my winnings are not even in the Blockchain, als I only had them ingame (roulette) and sadly did not cash out until I had lost everything.

So here is my warning: Never gamble! It is just not worth it! Not the money, not the nerves. I also have played roulette wiht Fiat money in the last 10 years, my total loss up to date is around 25'000 Dollars. I now only have 1.4 Bitcoinis and 10.250 Million Dogecoins left...Now I just have the money to make ends meet.

what the hell? really? if i got 600+ in profit i would be already sitting on the bar all night long and spend some with chicks, 600+ is alot, basically it could be your life saving for a while  Cry Cry

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Bralex
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March 03, 2015, 01:33:25 PM
 #18

On the bright side you still have life and like you say most was profit? Could be worse you could have a balance of,  1H8pqioFpPq3U13YXwAKH9SyNsWL9XqWcU   Grin

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March 03, 2015, 01:43:26 PM
 #19

Thanks for the answers. Yeah, I still have a _bit_ left, but I would have spent my Dogecoins, but the Cryptsy wallet was at least then down. Not everything is lost, I gave someone a bitcoin as he asked for it, and when I had 379 Bitcoins in my wallet I bought a DSLR lens for 41 Bitcoins through www.all4btc.com. This lens will take weeks to deliver, so at least I saved around 10'000 bucks. But even if I should sell the lens, I will never get that money for it, as it is just to expensive for most. I dreamt a long time about having it, so at least this wish is fulfilled.

activebiz
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March 03, 2015, 01:45:33 PM
 #20

well you got that much profit gambling. its a lot of gain if u had withdrawn some of it.

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