*Edit: Also, it was his life savings as he used his $50K student loan to get that far ahead not $100 as yet you claim again something of which you have no understanding
All I know is what I read in the
reddit thread:
That morning, the crash began. I kept playing. On April 10 I lost all my profits.
At this point I was in full-tilt mode. [...] this was when I made the Really Big Mistake. I dipped into my student tuition loan (around $50,000). I turned into an animal, and I lost everything.
and
I failed both the martingale and the random walk. I lost ~1800 BTC (~$380,000 and depreciating quickly) in less than 1 minute.
I still had $50,000 left in USD. After the crash died down, I immediately bought in BTC to make up the losses. I kept betting red, and hit another run of about 12-15 black5 . I lost the $50,000 the same way.
Both of these quotes make it pretty clear that he didn't play with any of his $50k USD student loan until
after he had lost his initial Bitcoin "investment".