Quote from: CryForMeSky on October 18, 2018, 09:55:41 PM

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.

Of course you would get upset in that amount of loss. It's not that you have a lot of money at your disposal but the value of saving it all is what's painful. You gamble for leisure but keep it in mind that lossing is inevitable. You still got a lot left so do not get upset too much and just relax and give it break.