I'm in for this.

Whaaat, you weren't in before? I was following your thread.

It's funny you mention that because I was pretty certain I was subscribed in the past. Don't know what happened.

You invested in crypto yet mason?

I got bitcoin when I cashed out my 10k in september (~3600 or something at the time).

poker tilts me sooooooooooooo much sometimes

My man. :')

Here is november. I'm missing the last week or so of hands because Ignition's hand history function wasn't working (it wasn't just me, software issue). The results are ~the same even with the hands missing though. Should basically be all 200nlz, maybe some 50z in there.



I'm going to try hard and get set some decent goals for 2018 regarding poker. I'll hold off on posting them until December recap.

This December is going to be absolutely awful. I'm going to work ~280 hours this month. GL me.

Bitcoin just broke 12k, so I'm excited. With my recent "winnings" with stocks/bitcoin I'm not sure if I want to cash out or HODL til next year... If bitcoin ended up making it to 40k or something in 2018 it would be so big for me financially so that is kind of where I'm leaning atm.

40k conservatively M8

I'm waiting for bitcoin to dip just a little bit...

Rich get richer smh

I know a guy who been waiting since 1200 for it to dip

Just looking for a 1k-2k dip i'm not greedy.

I doubt a lot of people have the bankroll to invest in something like cryptos, like seriously invest to where the money you earn will be significant but then you have horrible feelings of regret even not investing a little bit so yeah i am greedy a bit in that sense even if it's a small profit it's still profit... I guess i have bad mentality that way

Waiting for a 1-2k dip might not be the best idea. Imo do dollar cost averaging and get some now so at least you have a foot in the door and then buy more when it dips. Good chance it'll dip before Xmas but also a good chance it'll go up coz of futures coming out later this month.

At the very least, grab some Iota ffs. :')

Thanks for the advice

What is the significance of IOTA?

Apparently it's on an upswing this month?

Yeah I'm up like 300% and only bought in 2-3 days ago. It uses something called a "tangle" which is different to the blockchain. Allows for feeless transactions and micropayments.

@mason sorry for the detail if it bothers ya

I don't police this blog. Talk amongst yourselves to your heart content

Do you find yourself very rusty when you take breaks?

If I play 20-30k hands in a month by the last week I really dont even need to look at the screen bc Im so in the zone, however if i take just a few weeks off I dont know what to do in very standard spots. Wondering if I'm losing passion for the game, have dementia, or both.

As for crypto, if you realize you are speculating the crest side of a bubble, then surf it to your heart's content. Those who use the word "investing" are going to be in for a rude awakening.

I wonder how you know it's a bubble!

I've spent the last 12 years of my life studying and working in finance...but that and $2.45 will buy you a venti coffee at starbucks.

But really, all of the technical indicators in the world are worth less than behavioral indicators, and I've always been quite fascinated with behavioral finance. And, quite simply, when grandmas and youngsters like yourself begin "investing" in an assest class because of its gains, it is in bubble.

Meh. At the end of the day, it's an investment in a technology. The blockchain is possibly the most revolutionary invention since the internet and the applications ARE the future. Ethereum IS the Web 3.0. I think it's almost as naive as going all-in on bitcoin to just snapfold pre and call it a bubble. Sure it's a possibility but it's definitely -EV to speak in absolutist terms about something so speculative at this stage. People were highly skeptical about the internet at first and that worked out alright.

Bitcoin is definitely a bubble. I agree. Lots of money to be made and lost and I personally believe it will be a while before it bursts still.

It's a bubble, man, at some point it will collapse, it's unbelievable how much media crypto is getting and how many people are going into speculating into them looking for "easy money".

I haven't studied about crypto and I'm 100% sure I know nothing about it aside from how bitcoin works, how transactions are made and bitcoin mining. But it's clear that when stuff that's created from nowhere acquires a substantial amount of value, something is wrong with it.

If I would look into what the price of a bitcoin should be, it should be related to how does it cost to mine 1 bitcoin rather than the price that it's bought and sold.

Bolded is a very good statement, there are people that devote their entire lives towards technical analysis of bubbles and I always just lol and revert back to simple anecdotes like that, or this:

"When the shoe shine boy has stock picks, its time to sell" - Joseph Kennedy

However, to your next paragraph, it is quite complex, as bitcoin performs both as an asset and a currency (folks still debate what it is exactly). Currencies that are widely used are very difficult to bubble, it hasn't really happened besides in localized instances such as the US dollar in Venezuela.

The btc mining operation so far is self fulfilling, as their breadth and power increase, so has the price of btc. Definitely on the right track though in terms of thought process, its ebb and flow could even be compared to oil drilling/speculation (now we are talking commodities, but even here, btc does display some similar characteristics)

I don't really agree with the bolded, but I won't argue with regards to that.

A crypto or multiple crypto will be used in the future for cheap and instant transactions worldwide and for large sums. They will also be used as a cost/unit time in the future with will have many applications that we likely can't predict. Ethereum network, which Meale and others have dubbed the basis of a "new internet" will likely persist as well.

The technology of blockchain will be adopted by almost all banks over the next few years and many companies will implement it for things we can currently only speculate on.

The technology of blockchain and the idea of instantaneous cheap transactions via cryptocurrency is likely to be the future.

Will it be bitcoin? I think not, though the fact many are heavily invested into it and the ability for it to fork make it so we cannot cast off the possibility just yet.

Just to digress, my paragraph was simply meant to state the cryptocurrency is NOT going to go away. It and the technology behind it is definitely going to evolve and be a big part of our lives. It is just a question of where bitcoin is going to fall in that future.