Square one

I can see my last post was 14 months ago. 12 of those 14 months were great.

I quit gambling and was completely sober for 7 months. In that time I managed to stumble across cryptocurrency and managed to make a nice sum of money and pay off my depts. I made enough to quit my job and started to day trade. That was going well. As the quantity of money and stress began to grow I started drinking again. Then I stumbled across Bitcoin gambling websites and that was the end. I started with a small deposit to get the promotion and spiraled from there.

I have spent all my cryptocurrency investments which I could have lived on for 10 years and have no job. Worst part is my investments have grown 3x since I spent it and who knows how much they will be worth in the future. I'm left with nothing and get to watch what I once had grow in value.

Now what? Start over again I guess.

I was in a similar position back in 2012 I had around 54 and lost them during that year. Then again last year I bought some when they were around $700 a coin. Yes seeing the subsequent price rice hurts!

What this experience has taught me is that gambling can take more than just the $ sum you lost on the bet. The opportunity cost - i.e. what you could have done with the time/money - is some cases (such as in the case of Bitcoin) is far greater.

The answer to your question is yes, start over. But this time, use the pain from this experience to stop you repeating the same mistake. I never got back into Bitcoin, because I feared I would lose it again plus I felt it is in bubble terriority - but then it 5x'd in value. I still don't think I'll touch it, but there are other investments out there.

If you were savvy enough to discover Bitcoin, it means you are savvy enough to find other investments. Just go in with a plan this time and lock the assets away safely so you can't easily access them if you get tempted by the thought of gambling.

@ movingon2014

Thanks for the warm words. I'm not trying to capture the magic twice but there are a few other cryptos that I feel could grow substantially. I'm going to invest in those, place them into cold storage and forget about them. Then from that point just work on myself and hopefully that will pan out or I can stumble across something else. Your right though, I'm always digging around for a good investment, too bad I blew this opportunity but there is always another!

Admitting wrote:@ movingon2014

Thanks for the warm words. I'm not trying to capture the magic twice but there are a few other cryptos that I feel could grow substantially. I'm going to invest in those, place them into cold storage and forget about them. Then from that point just work on myself and hopefully that will pan out or I can stumble across something else. Your right though, I'm always digging around for a good investment, too bad I blew this opportunity but there is always another!

I was literally a day away from putting mine in cold storage last year...not following through on that is how I lost them - lesson learned!

I was going to say perhaps look at the other smaller coins - I was looking at ETH and LiteCoin...can you share your thoughts and what your looking into? You can PM me if you don't want to share publicly.