Source
r/problemgambling•
knonly

I don’t know what to do

Hey Everyone,

You guys might want to put a seatbelt on for this one, I’ve never told this to anyone in my life but I’m at a really really low point mentally now, so I’m trying anything.

This starts back in 2017/8 (aged 15-16) when I was asked to invest 5K from my uncle and 5k from his mate into cryptocurrency. There is a legal bound contract involved and it’s all signed. After that huge market crash the portfolio went from 10k to 1k... feeling bad how much I have lost for them, I gambled it away.

Fast forward to 2020, cryptocurrency starts to take off again. Me thinking this is nothing and hoping it goes down so I can put the money back in that I gambled away. Nope it goes from 1k to 20k in a span of a month... This is where it started to take a toll on my mental health, I started worrying, stressing and generally quite sad. I continue to wait it out hoping for a miracle...

Fast forward to 2021, I make up a lie to my parents and said I lost the original investment by accident. Now it’s worth 50k... they pay me the 50k but they had to go into overdraft for it (I cant stop tearing up at this part, I feel so bad, I feel like such a disgrace, I’m so sorry for this).

Now my dads going into knee surgery, they aren’t doing the best financially and I’d have to pay back this 50k to them... I start gambling on a site called stake.com and Roobet.com. I start to gamble small hoping to make some money back so I’m not in debt and I wanted to pay back my parents and just get out of the whole situation.

And now we are to now where I have exactly 2000 usd left, I’m an emotional wreck, I’m hoping for some prayer, but I know it won’t happen. I don’t know what to do, I love my parents and I know they are gonna be so disappointed in me. I’m also worried I’m going to face legal action since I broke that investment contract.

Please anyone, I just really need someone to talk to or something. I really just want to enjoy life but I don’t know what to do.

Thank you if you read this far, this was really hard for me to write.

Posted Mar 23, 2021, 6:12 AM UTC · edited

32
burna517•

Hey man, just so I understand the 50 is now 2? I would not risk anymore. Turning 2k into 50k is literally impossible. You’re young, come clean to your folks, give them their 2k back. Come clean to your uncle and his friend or just say it was lost. People lose wallets all the time (still could just tell them you fucked up idk).

Once you establish yourself and your career, work out a plan to pay them back. It can be slowly if you’re not making good money. They invested in cypto which is super risky so they didn’t NEED that money to feed their fam or something.

Don’t chase. You’re a young guy and made a mistake,don’t continue to dig because you’ll only end buried.

You will feel a giant load off your shoulders when you come clean and apologize. Stay away from gambling, this is a big lesson but in the long run of your life, this will just be a small mistake.

Don’t forget the feeling you are experiencing right now. You’ll be fine in the long run.

3
bloopity_bloop_poop•

First thing is to STOP Gambling!

Be honest with everyone including yourself...Admit that you have a problem.

Come clean about your situation with your family and everyone that's involved. I would suggest writing a letter confessing everything handing it over and starting a discussion with your loved ones. This is what I did and it prevented any more dishonesty on my part.

You have to protect yourself from yourself. Put measures in place to stop you from gambling even it means handing over access to your banking to someone you trust.

There will be anger, disbelieve, and disappointment but reading your post I can guarantee that there will be love and understanding.

The road you are facing is a tough long-term one but one which you can conquer if you set your heart and mind to it.

I*’m rooting for you!*

1