This is just my two cents on bitcoin gambling.
I made quite a bit of money back in December when the bitcoin price was roaring. I quit my job since then and been obsessed with bitcoin investment.
Gambling is never an investment! It is a way of entertainment for adults. For investments, you should have looked at setting up your own mining rigs or something similar to that sort. You got it wrong from the beginning.
Things didn't turned out as people hoped . Bitcoin price went downhill and i started to chase my loss. How ? Yeah, as stupid as this may sound.. Bitcoin Dice sites. I have lost over $50k in past years gambling in dice sites like Primedice, Bitsler & Yolodice. My personal life was devastated with sights of depression and bad relationship with my wife.
It was almost like i was somebody else when i click that auto roll. The adrenaline was like a drug that got me high. As much as i regret quitting my job and betting high on auto roll I learnt to forgive myself.
My advice to you guys is that betting minimum on 2X with 100% increase on loss will NEVER pay your bill.
$50k!!! That's rich mate!! You have lost almost half of my mortgage value. You could have just converted back those bitcoins into fiat and set up your own business or invest that amount to traditional bank deposits to earn interest. However, all is well that ends well! I am happy that you learned the truth but in hard way!