Yes, I am Mannton456, Im going to post it on the crypto-Games chat to prove its me. This is my story of loss.
Ive always had a inclination for making reckless decisions. While I dont gamble on a regular basis and prided myself on making sensible decisions, like investing in the bankroll of a bitcoin casino (to benefit from +EV), one day I decided to gamble with 3 BTC.
I won some bitcoins, and called it a day. The next day, I was bored and decided to give it another go. Lost everything. Now I dont like losing, so my only strategy was to deposit almost 10x the amount - 20 BTC, and try to win it back again. I did and managed to turn it to 30 BTC. My heart was shaking and the adrenaline I had was incredible. I reinvested it in the site, and went to bed happy.
Unfortunately, the next day I decided to just do one bet of the entire balance, at 97% odds. I lost. Shit. I was operating in automatic mode and deposited a further 50 BTC, and tried to bet again. Lost again. I felt like ending my life.
I did something even more stupid and deposited another 70 BTC, almost the last remaining bitcoins Ive had. Thankfully I was able to win back 30 BTC before I stopped and withdrew; putting my net loss at -54 bitcoins.
This is worth $350k USD. I am at a loss. I dont think I will ever gamble again, but this is such an expensive lesson for me. I couldve bought a house or apartment for that money. I couldve bought 7 Teslas!
Its also the first time Ive lost anything more than $20 gambling. I dont gamble a lot, and when I do its always with small amounts. But it was easy to see bitcoins as not money and that youre just playing a game... with real money, and real life consequences.
I am someone in my 20s who got into cryptocurrency early. Thankfully, I do still have about $1.5 million in crypto and other investments, but losing 350k and 20% of your net wealth in the span of an hour is just... devastating to me. How did I end up risking $350k for a $18k loss?!
Im having thoughts of going all in and trying to win it back. I know its a bad idea, a real bad one, but Im someone who likes going big or going home.
I dont know what to do at this point. I know I will survive, at least Im not in debt, but fuck, Im upset. Im really depressed, and thoughts of killing myself have floated my mind.