Hello.
Does anyone else suffer with both an extreme gambling and severe crypto addiction? The latter for me fuels the former even further, yet I can’t seem to leave it behind. This is my first sober day once again after a hugely destructive crypto/gambling relapse, I’m having withdrawals and regretful thinking to a degree which is completely consuming and unmanageable currently. I just want to be free from these destructive obsessions.
A few years back during the Covid period I got into crypto, decided to just put a couple of hundred in, with my gambling mindset this soon turned into my whole bank account, around 8k at the time. Over the next year this fluctuated but at one point turned into around 45k of unrealized gains. The problem is, as a compulsive and wholly destructive gambler, no amount was ever going to be enough. I held and held until the majority of this unrealized profit was gone, I then gambled away the remains, leaving myself with barely anything. This, should have been enough for me to realise that a compulsive gambler and an industry fueled by addiction and dopamine will never ever end with a positive outcome. However, I haven’t been able to forget about it, in many ways it is worse than gambling as you just can’t detach from it. I see it as equally as evil an industry as gambling, only potentially made less so by the fact that it isn’t rammed down your throat quite as much as gambling. I truly believe that this will become an epidemic in the same way gambling addiction is within no time at all.
Anyway, I relapsed again with my gambling addiction in the summer of 2024, losing 14k in one day. I was lucky to get some of this back, however, I’ve recently been relapsing badly again. I decided to put some money back into crypto, made little bits but nothing major at all, then subsequent drops led me to visiting the bookies once again (I’m signed up to gamstop) to try and offset these drops with bets. This worked to some extent for a couple of weeks, until I lost all of my pay packet in December, rendering me out of the crypto market and convinced that I would never touch either crypto or gambling again. Fast forward to the end of December, I’m back into crypto with a couple of thousand, added to again when I got paid and more when I shamefully tricked my mother into giving me some of my money that she is holding for safekeeping. Anyway, this weekend just gone I decided to sell 500 worth of my crypto to try and make a little bit to offset some of the recent decline, this bet lost (chose the wrong one of two choices I had, the other came in), I then sold another 1000 of my crypto to chase further, this bet lost, again choosing the wrong of two options I’d picked out. The next day I sold the rest of my holdings, 2000 worth and placed this on a bet in a bid to win the losses back, this marginally lost, with the bet I’d initially looked at on the game in question coming in. Each selection going wrong marginally, feels like someone telling me this needs to end. Now I’m dealing with withdrawal from both the crypto and gambling, I just wish I could have both addictions and horrific memories from each erased from my brain. If not for what it would do to the people left behind, specifically my parents, I would have ended things a long time ago. Life is miserable, with zero hope.
Unsure where to turn nextÂ
First off I would quit trying to separate the issuesÂ
Crypto is a fancy way of gambling , it has virtually no inherent use or function other than to allow degenerates to make large speculative plays on the price moving up or downÂ
You actually have less control over stock options and crypto than you do with gambling because punters will often take positions where other big players can manipulate the price and quicklyÂ
Sports betting is another serious issue in the UK mainly due to the volume of matches that are pumped out now on virtually a daily basis , again punters making what they think are informed plays based on stats and data available
but are usually forgetting they are betting on human beings that don't particularly want to be playing games 3 or 4 times a week which then dictates certain points of performance and results
Overall the point I'm making is that you can keep trying to make money off all these things but their all primarily there to bleed the average Joe dry
Some people do get lucky right time / right place
You are not one of themÂ
Accept it , swallow the financial loss and get on with your lifeÂ
I've never liked crypto but I've done some stock trades overall probably down 1-2K in the last yearÂ
The market is an absolute circus its a total waste of time and I know crypto is a lot worseÂ
I turned my back on sports betting about 2-3 years ago.... again you aren't missing anythingÂ
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