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The Poker to Bitcoin Pipeline - Journey to 1.0 The Poker to Bitcoin Pipeline - Journey to 1.0

11-20-2022 , 09:44 PM
November Update

Nothing too exciting to update on other than some hours progress and some Bitcoin buys. Getting wrecked so far at 10 blitz lol. You Russians are tough!

Hours Played: 50
Profit/Loss: +$1,503

2022 update

Hours Played: 934
Profit/Loss: +$24,228

Bitcoin Update

Back to buying $1 per hour 24/7 on Strike and transferring to my cold storage wallet daily. Also bought some more with how depressed prices and overall market sentiment has been. It'll prob go lower but whatever, I'll buy more. Ironclad patience.

Total HODLings:

Cold storage wallet: 1.73990073 BTC
Lightning wallet: 0.00090999 BTC

Cheers!
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
11-27-2022 , 01:46 AM
Grinding But Also Not Grinding? November update and December plans

So peak season has officially arrived at work. Going to be absolutely swamped until Christmas. Have been trying to put in volume but it's been a pretty futile effort. Slept 18 hours on Friday for example. Doing my best, but my job is taking priority.

about -2 buyins over 2400 hands of 10 blitz on ACR. Have a feeling I have an edge vs the overall pool, just running a bit poorly. I think.

Hours Played in Nov: 58
Profit/Loss: +$1,305

Hours Played in 2022: 942
Profit/Loss: +$24,030

Bitcoin update

Strike is giving me problems where it won't let me log into my account. I should have a very small amount on there just sitting which I'll transfer to my cold storage wallet ASAP.

Gonna be waiting until I've won a bit more before making more purchases, though it's pretty awesome that I'm *this* close to 1.75 BTC. Two whole coins hopefully by early next year!

Bitcoin HODLings: 1.74683044 BTC


Cheers!

Last edited by ejames209; 11-27-2022 at 02:04 AM.
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
11-27-2022 , 03:20 PM
I did see this thread until today... glad I did.

With pricing this low on big cap Cyrpto, I own more now than I ever have... Majority 70% in BTC, but I also hold a lot of other big cap's because they will move MUCH faster than BTC will... both upwardly and downward.

cheers and Keep stacking.
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
11-28-2022 , 03:41 AM
Quote:
Originally Posted by MSchu18
I did see this thread until today... glad I did.

With pricing this low on big cap Cyrpto, I own more now than I ever have... Majority 70% in BTC, but I also hold a lot of other big cap's because they will move MUCH faster than BTC will... both upwardly and downward.

cheers and Keep stacking.
Appreciate you chiming in in the thread! Totally agree, now is the time to buy as much as you can IMO. When mainstream media outlets are proudly announcing BTC's death, you know what to do I only own BTC, but I do see altcoins/shitcoins as a means of speculating so that you have more capital to buy BTC with. Cheers!
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11-28-2022 , 01:03 PM
the is the ONLY reason I hold alts... it to gain more BTC.

What stakes are you playing NLHE?
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
11-28-2022 , 11:59 PM
Quote:
Originally Posted by MSchu18
the is the ONLY reason I hold alts... it to gain more BTC.

What stakes are you playing NLHE?
So for live stakes I'm playing 2/3 with a 600 cap. I'm def good enough to beat the 3/5 1500 cap game at my local room, and I'm beating it for like 4.3bb/hr over 350 hours or so. The thing is with BTC as cheap as it is right now, with the potential for even further downside, I'm sticking to my 2/3 lineups because the opportunity cost of going on a 4K downswing at 3/5 would seriously hinder me from being able to make large BTC buys. Kind of a DXY hedge, if you will.

Online I've played as high as 60nl on apps back in the pandemic days. Once in a blue moon I'll fire up some 10blitz on ACR to experiment with theory that I'm learning with my simulation studies.

Ultimately I would love to leap into 5/10 live and make a real movement upwards in stakes!
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
11-29-2022 , 12:25 PM
BTC's dominance is really weak right now from a historical perspective. being under 40% dominance is not boding well in limited liquidity environments. As the fed eases rate hikes, as the Dixy goes down and as liquidity becomes cheaper, alts are going to really move MUCH faster than BTC.

I hate seeing the same sweaty faces day in and day out, So I move around a lot.
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
11-30-2022 , 12:05 AM
41 shares in my company I've been waiting to be able to redeem are now available for sale at about $3700 or so...really tempted to liquidate them and make another real big buy in BTC. I can be so indecisive though lol! I'll sleep on it over the next few days
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12-04-2022 , 12:52 AM
November Update and Graph



Hours Played: 58
Profit/Loss: +$1,305

December Update - Off to a HOT start!

So the NFR Rodeo thing is in town and so my local poker room is getting swamped with cowboys and cowgirls. Southern white women are actual barbies, it's pretty crazy.

Anways, games are very good, feels like Texas a bit sometimes. The other night I took almost $1,200 from these rich cattle ranchers (Hard not to stack someone with nut flush vs 3rd nut flush, albeit for 300bb lol) and finished another session up a small amount as well the next night. Not sure how much poker I'll get to play this month due to work, but I'm gonna try to go for at least 50 hours. Let's see.

Hours Played: 11
Profit/Loss: $1,334

Bitcoin Update

As you could imagine, I made another large buy. I really don't care if it goes lower as it's not my money I'm investing (for the most part!) because I will simply buy more. Cannot shake me out of my position. I got the nuts!

Bitcoin HODLings: 1.79619349 BTC

Cheers!
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
12-07-2022 , 08:28 PM
Why do you want bitcoin? It's not a good financial decision, the EV of holding bitcoin is zero (at best) in the long run. If you just put your money in an index fund the returns are volatile over the timeframe of a few years but it gives a steady EV of 5-7% in the long run, which is because they have real firms and assets behind them generating revenue streams unlike crypto does.
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
12-07-2022 , 10:29 PM
Quote:
Originally Posted by kvnd
Why do you want bitcoin? It's not a good financial decision, the EV of holding bitcoin is zero (at best) in the long run. If you just put your money in an index fund the returns are volatile over the timeframe of a few years but it gives a steady EV of 5-7% in the long run, which is because they have real firms and assets behind them generating revenue streams unlike crypto does.
I respect your opinion, but you will see. Cheers!
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
12-11-2022 , 08:22 AM
December Update

Had a few very successful sessions over my weekend, extending the month's profits further. Here are a couple of interesting hands that made the week:

2/3 600 eff, Hero opens A5cc UTG to 15, 3 in position callers and BB calls as well.

(~75) Flop: Kc Qc 5d

BB leads for 25, Hero Raises to 65, folds to BB who 3bets to 165, Hero jams, SB tanks for a minute or so and calls, shows Q5s and we bang the flush on the turn immediately

From tonight's session:

2/3 ~300 eff with villain, Hero opens JcJd UTG to 15, folds to SB who calls, goes heads up

(~30) Flop: Kc Tc 4h

SB checks, Hero bets 10, SB calls.

(~50) Turn: Qs

SB checks, Hero checks

(~50) River: Kd

SB bets 40, Hero calls. SB mucks face down.

(Very borderline call with JJ IMO, but I felt like he was repping a K or better and I did block a lot of trips and straights, and this guy was loose enough to have some other stuff that fires off. He was stunned when I showed my hand anyway lol )

December Hours Played: 22
Profit/Loss: +$2,325

2022 Hours Played: 963
Profit/Loss: +$26,355

Bitcoin Update

The buying spree continues! Added 0.05872577 BTC to the cold storage wallet, bringing our total Bitcoin HODLings to 1.85491926 BTC. Excited to be getting closer and closer to 2.0!

Cheers!
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
12-15-2022 , 03:16 AM
Quote:
Originally Posted by ejames209
I respect your opinion, but you will see. Cheers!

Keep stacking sats mate! Wait it out, will pay off.
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
12-15-2022 , 03:17 AM
Quote:
Originally Posted by unit18
Keep stacking sats mate! Wait it out, will pay off.
Thank you! I am itching to play, currently at work on my friday and halfway through the shift - hoping to log a bunch of hours over the next couple days once I'm off!
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
12-17-2022 , 09:59 PM
December Update

Caught up quite a bit with hours, playing about 19 hours in 2 days! Could barely sleep the whole weekend and was too excited to play lol.

Favorite hand of the weekend came on the tail end of my last session:

2/3 600 eff reg opens HJ over BU straddle to 16, BU folds, Hero 3bets AhQs to 65, BB cold calls, the rest fold

Flop: Jh 4c 4h

Hero bets 65, BB calls
Turn: 4d

Hero bets 125, BB calls
River: 2c

Hero jams, BB tank folds

(Probably not the ideal AQo combo to have blocking a lot of villain's auto folds on the river, but seemed alright. People give you a ton of credit on trips boards so I decided it was alright to go for it - was alright this time at least!)

December Hours Played: 41
Profit/Loss: +$2,916

2022 Hours Played: 983
Profit/Loss: +$26,946

Bitcoin Update

No new major purchases since the last update, but I did manage to get my lightning wallet account working again, so I am buying $1 worth of BTC every hour and transferring to cold storage daily.

Total BTC HODLings: 1.86143199 BTC

Cheers!
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
12-28-2022 , 01:45 AM
December Update - Swingy!

Hope you all had a good holiday season! I had quite an eventful few days of poker following work - biggest win was +$1430 where nothing could go wrong, and -$832 where nothing can go right. I will certainly accept the margin of victory though!

December Hours Played: 62
Profit / Loss: +$3,677

2022 Hours Played: 1,004 (Exceeded 1,000 hours goal for the year!)
Profit / Loss: +$27,707

Bitcoin Update

Looks like we are indeed headed for new lows, so I haven't bought any BTC beyond the $1/hr purchases through Strike. I did send $100 in BTC to ACR to top up my balance...currently -6 buyins after 4500 hands or so at 10z.

Lightning wallet: 0.00757086 BTC
Cold Storage Wallet: 1.86323179

Total Bitcoin HODLings: 1.87080265 BTC

Cheers!
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
02-02-2023 , 12:05 AM
Hello There! Been a while!

Did I finally go busto? Did I sell all my Bitcoin at the bottom like Peter Schiff told me to? No and No

My excuse for not updating this thread was honestly due to laziness and I am finally getting around to it, so I apologize to the three of you that were bothering to click on it!

Let's get started with some updates....

2022 Full Year Results



Hours Played: 1,020
Profit/Loss: +$26,403

I was ecstatic to have this kind of performance in 2022! On 1/1/22 I made it a goal to make at least 20K from poker and I ended up easily surpassing that! I did think it was funny that i went on a roughly $2,000 dip at the very end of the year which is exactly what happened in 2021 as well. Seasonality RNG in the decks I'm sure.

Fun Fact I actually had 10 sessions at the 2/3 game (600 max buyin) where I finished the session with $1,000 or more in profit Certainly helped to stack lots and lots of cheap Bitcoin sats!

January 2023 Results



Hours Played: 96
Profit/Loss: +$1,242

Certainly an annoying reversion to the mean towards the end of January for sure.

Something I have not mentioned in this thread yet is I actually have struggled with depression for quite some time and normally I am on 100mg of Sertraline (Zoloft) a day, but since my job switched me to night shift I have had difficulty being awake for the video calls with my doctor to confirm my prescriptions and I have simply been raw dogging reality for the last few weeks.

This has caused a few things to happen as side effects, notably I get body/head shivers every now and then which isn't painful per se but it is unsettling physically. I also have found myself to be MUCH more irritable than usual and I've even snapped at a couple of dealers at the table which I NEVER do. I know it's not their fault the cards didn't go my way, but for some reason I find myself taking it out on them, which I do feel bad for and will apologize next time I see the dealers I snapped at.

My next appointment is on the 14th I think, need to double check that. But I really can't wait to get back on Zoloft because I don't want to say something that gets me kicked out of the poker room or ends up causing a fight or something. I'm doing my best to be self aware and walk away from the table when I'm starting to get super steamed. One time I just went to the restroom, got into a stall, and punched the wall until my fist hurt. That was a scary moment lol. Needed to get the anger out where cameras couldn't see me though.

Bitcoin Update



TWO WHOLE COINS! I'm now in a rather prestigious on-chain metric of addresses with >2.0 BTC. This is significant for me because I do want to sell some once BTC crosses $100,000 at which point I want to leave my 2/3 600 max NL game behind and start battling 2/5 and 5/10 regs. I am honestly a major bankroll nit and so I prefer having a billion buyins in my pocket when playing, even if I'm "good" enough to take 3-5 buyin shots.

Next stop is 3.0 BTC! May or may not get there, it all depends on when the real FOMO run starts. I think when my mom starts texting me about Bitcoin it's probably good to release one of my coins to the world and let the FOMO investors hold my bag. I'll buy back at 50K when the next downtrend happens I think

Will do my best to update this thread more often - I plan to play 25 hrs in 3 days this week so hopefully I have some interesting hands to talk about - Cheers!
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02-03-2023 , 09:08 AM
congrats on the 2 btc, im actually trying to get to 1 btc myself lol. subbed, gl this week!
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
02-03-2023 , 06:14 PM
gratz man, really going for ya. still trying to get 1 ETH lol.
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
02-06-2023 , 01:06 AM
Quote:
Originally Posted by Regretzz
congrats on the 2 btc, im actually trying to get to 1 btc myself lol. subbed, gl this week!
Quote:
Originally Posted by Kelly Criterion
gratz man, really going for ya. still trying to get 1 ETH lol.
Thank you both!!

@kelly - while I am not a fan of alt coins and am a bitcoin maximalist for the most part, I do like Monero for its privacy use case and I think Ethereum is likely to be one of the few alts that actually survives. I'm super bearish on a lot of the dog coins and whatever other nonsense people pump out.

Will update likely on Thursday for what happened during the last week - cheers!
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
02-06-2023 , 11:02 PM
congrats on the year & 2 BTC! Seems like a fun challenge/way to accumulate bitcoin.
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
02-06-2023 , 11:36 PM
Quote:
Originally Posted by GutPunch
congrats on the year & 2 BTC! Seems like a fun challenge/way to accumulate bitcoin.
Thank you! My favorite part is since I'm technically not buying Bitcoin with my own savings, I have zero fear where I feel compelled to sell my Bitcoin at a loss. To me I'm accumulating free sats
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
02-07-2023 , 05:53 PM
[QUOTE=ejames209;58015541]Hello There! Been a while!


Something I have not mentioned in this thread yet is I actually have struggled with depression for quite some time and normally I am on 100mg of Sertraline (Zoloft) a day, but since my job switched me to night shift I have had difficulty being awake for the video calls with my doctor to confirm my prescriptions and I have simply been raw dogging reality for the last few weeks.

This has caused a few things to happen as side effects, notably I get body/head shivers every now and then which isn't painful per se but it is unsettling physically.








This is VERY dangerous. Even more so the longer you have been on an anti-depressant. You really should get this taken care of literally ASAP. In the future if you'd like to take a lower dose or get off the medication completely. Consult your doctor for a plan to taper off methodically. I hope your depression improves soon!

Congratulations on crossing your 2 BTC goal!!!
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
02-08-2023 , 12:10 AM
Quote:
Originally Posted by DivineGlory
This is VERY dangerous. Even more so the longer you have been on an anti-depressant. You really should get this taken care of literally ASAP. In the future if you'd like to take a lower dose or get off the medication completely. Consult your doctor for a plan to taper off methodically. I hope your depression improves soon!

Congratulations on crossing your 2 BTC goal!!!
Thanks for the kind words and honest feedback - I am mitigating things as best I can, taking a lot of ashwaganda, exercising and generally keeping myself busy at work and at home. It's working but I do need to get my refill asap. Cheers!
The Poker to Bitcoin Pipeline - Journey to 1.0 Quote
02-20-2023 , 08:01 AM
February Update

hey all, checking in again to give a brief update on what's been going on. I managed to get my Zoloft again, and the doctor prescribed me for 90 day amounts given my work situation being on night shift and not as easily able to be awake for appointments. Will see how I adjust as my body is used to taking it again.

Poker wise, doing quite well all things considered! On pace to win for the month of February barring any catastrophe, which would make for 12/13 winning months, have not had a losing month since Feb 2022 while averaging about 70-80 hrs a month.

I want to get better at documenting cool hands that happen so I can post for the thread. Often times I forget exact runouts or stack sizes and I dont want to invent hands to post. I'm probably making this harder than it really is though.

February results so far

Hours played: 73
Profit/Loss: +$2,020

2023 Results so far

Hours Played: 170
Profit/Loss: +$3,602

Bitcoin Update

When Bitcoin dropped to ~$21,000 I made a rather large buy, over 10 million sats which was my biggest since it was at $17,000 at the beginning of the year. I'm kind of starting to believe the melt up theory and feel like a big run could be upon us. When FTX collapsed I read that when people were buying BTC on FTX, FTX was secretly selling that Bitcoin for their own native token, FTT. With FTX's destruction, this bogus selling pressure no longer existed and I have been buying extremely heavily since. Looking good so far! Also, still buying $1/hour on Strike 24/7 as well.

BTC HODLings: 2.16003876

Cheers!
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