Crypto Poker: Top 5 Reasons Why Poker Players Should Get Into Cryptocurrencies

Author: Joel S.
Date: 
February 02, 2019
Read time: 
5 minutes

If you like playing poker, investing in cryptocurrency is extremely similar – think of it like crypto poker. Cryptocurrency has all the same ups and downs associated with it as being a professional poker player does. Instead of playing against individuals, you are playing against an industry with a $2 billion market cap. You can win big money playing poker but how many poker games exist where you make Lambo money? Crypto is not about living a comfortable lifestyle, it’s about winning so big that only the moon is higher than you. Gambling with cards is fun, but stop limiting yourself, play a hand of crypto instead.

 

If you like playing poker, investing in cryptocurrency is extremely similar – think of it like crypto poker. Cryptocurrency has all the same ups and downs associated with it as being a professional poker player does. Instead of playing against individuals, you are playing against an industry with a $2 billion market cap. You can win big money playing poker but how many poker games exist where you make Lambo money? Crypto is not about living a comfortable lifestyle, it’s about winning so big that only the moon is higher than you. Gambling with cards is fun, but stop limiting yourself, play a hand of crypto instead.

 

Crypto investments have strategies as well, similar to the ones poker players use.

Investing is Like Playing Crypto Poker In Terms of Excitement

When you play a game of poker, the ultimate goal is to win money. There is strategy involved which includes the number of cards on the table as well as reading your opponents. Crypto investments have strategies as well, similar to the ones poker players use.

  • Expected Value
    Just like playing the pot, buying the right cryptocurrencies takes the same level of understanding. Factors in decision making include understanding the market cap of a given asset, the volume of trading, and the potential for future growth. Knowing when you should raise (buy more) or fold (cash out) are skills that will keep your investments growing.
     
  • Bankroll Management
    Playing the Bitcoin markets requires the same level-headed thinking that any respectable poker player has. Knowing your own limits and what you should gamble with will prevent you from experiencing losses detrimental to your lifestyle. Crypto investing has the ability to create instant millionaires but it also has the potential to zero out at any moment, taking all of your earnings with it.
     
  • Reading the Pot
    At certain times of an altcoin’s life, there will be moments when the gains or the losses are so extreme, traders need to change strategy, quickly. This is exactly like playing poker, sometimes you don’t have the right cards. Playing smart and understanding the odds will help make you a winner. Remember, the odds of maximizing your investment can be stratospheric. I’m not talking a paltry 7:1 odds, I am referring to 6,000%+ ROI.

  • Understanding Expected Value
    Comparing crypto to poker is, at its heart, all about the expected return on investment. Similar to how a poker player reads the pot, with cryptos, it’s all about reading the cryptocurrencies. There may be an altcoin that’s worth $.01 but if it hits $.25, your expected value of return is massive.
     

Professional Poker Players Are Already Invested in Cryptocurrency

As much as I wish it was my idea to compare poker to cryptocurrency, I am behind the times. Poker players are quickly filling the crypto industry, capitalizing on the skillset they perfected by playing cards. Perhaps the most famous person to do it is Doug Polk. Gaining a large following playing poker, he has become a bit of a celebrity in crypto circles. He partially owns CoinCentral and hosts a popular YouTube channel dedicated to cryptocurrency.  

Even the founder of Cryptomaniaks got his start as a poker player. If you are a poker player or have a rudimentary understanding of the game, you are leagues ahead of most traders in the Bitcoin scene.

5 Reasons You Should Start Playing the Crypto Poker Game

1. It is More Lucrative

Cryptocurrency is not a win/loss scenario. In most cases, when playing with crypto, you don’t lose it all. Losses are generally calculated as percentages of your original investment. Most poker games either have you winning it all or losing it all. The number of variables within Bitcoin investing increases the number of strategies almost infinitely. This adds a layer of complexity for traders and increases the potential for earnings. Poker players have an inherent ceiling on their earning potential.
 

2. Your Earnings Are Not Capped

Cryptocurrency lacks government regulation, it is an independent monetary system. Its reach is global, there are no political boundaries. It’s the wild west of finance, as such, the potential gains seem limitless. No tables to sit at and no paperwork to fill out. You are allowed to make as much money as you want to.

Source: imgflip.com

3. Stakes Never Change, Even With Larger Investments

When you treat Bitcoin like poker, it doesn’t matter if you bet with $100, or $100,000 your ROI chances are always the same. The level of complexity doesn’t increase just because you put more money on the table. Inversely, if you only want to invest a small amount of money, your potential for winning big is just as great.

You can only grow so much within the game of poker, when you play cryptocurrency, the moon is the limit.

4. No Reason to Play Every Day

Crypto doesn’t require 24-hour vigilance. When you are playing poker, your attention must always be dialed in 100%. One slip up could cost you everything. This is not the case with crypto. The markets operate 24 hours a day but after the initial learning curve, you will understand when to hold and when to sell.
 

5. ROI Has Moonshot Potential

There is a common phrase among crypto investors, “TO THE MOOOON!!!”. The excitement is based on the ridiculous ROI percentage increases available to traders. Bitcoin alone has experienced a 6,000% ROI since 2011. This isn’t new car money, this is new plane money.

 

Cryptocurrency Is How To Get Rich Playing Poker Without Cards

Just like playing poker, the drive to be smarter than everyone else is ever present in cryptocurrency. Analyzing the marketplace takes time and patience. Playing crypto like poker requires dedication to the art of investing. No one is an expert poker player in their first game, it takes time to learn the intricacies. If you’re wondering, is Bitcoin investment legal? It sounds almost too good to be true.

Absolutely.

The rewards are high, but so is the potential for absolute failure. No government agency is going to step in to help you with your losses.

Being a Poker Player Will Help You Win Crypto Poker

If you have a background in poker, you already have an advantage to learning cryptocurrency. You will be able to recognize opportunities before others can spot them.

  • Reading the Market
    Just like reading your poker opponents, having the skill to assess risk and reward will take you far in Bitcoin investing. Seeing trends such as knowing when to buy low and sell high will make you a successful player.

  • Being a Contrarian
    When everyone is doing one thing, there is money to be made doing the opposite. As a poker player, you are aware that being a sheep doesn’t pay. The same principle applies to cryptocurrency. Seek out opportunities that others don’t believe in or are blind to.
     
  • Treat Crypto Like Playing in a Tournament
    Your investments are never stagnant. The market has cycles, treat investments just like a poker game. Decide upon a time limit and play the game. After a few rounds of experimentation, you will get pretty good at it.

 

Cryptocurrency Is Booming While Poker Is Slipping Into Irrelevancy

Becoming a professional poker player is becoming increasingly more difficult. The longer the games are, the more intricate they become. Even the industry itself is centralizing, making it harder to break into the big-money games. As poker becomes stagnant for newcomers, cryptocurrency is seeing a growth in new investors.

If you are the best poker player in the world, you stand to make millions of dollars. When you invest in cryptocurrency, you stand at the precipice of greatness. There are examples of people who are not the world’s “best” traders but have still become exceptionally wealthy. You can only grow so much within the game of poker, when you play cryptocurrency, the moon is the limit.

 

Go From Poker Player to Crypto Poker Extraordinaire

Playing poker is only the first step to entering the world of cryptocurrency. The skills you learn are invaluable and highly transferable. Crypto, like poker, involves learning the market, reading coin analysis, and understanding trends before they happen. From initial investments to day trading on the market, the crypto industry is ripe for a poker player’s skillset. Cryptomaniaks provides the ultimate beginners guide to investing in cryptocurrency, try it now.

Posted by Joel S.

I believe in cryptocurrency for its privacy aspects and for the autonomy it gives individuals from centralized banks. Cryptocurrency is also fun and exciting: there is always something new to learn.

Comments

Add new comment

CLAP

Share

text
Find Great Tools