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So we playing poker and not trading markets. Ok. I'll then go and play some Poker because it makes sense while I am handed band hands or good hands. Yet in markets you have "n" variables. We resume it at the random split of cards in poker to trade Bitcoin? Ok poker players
Poker and the crypto markets have a lot of interesting similarities. Both have luck & skill components - in poker, you can't change your hand, but you can change how you play it based on experience and observation. I think something similar applies to trading
So there always is a skill involved in correctly determining R/R and playin along, I guess I am just super bad at this lol
Things like study, opponents' history, mental state, etc. can affect your poker play regardless of luck, similar to the markets. Although, Hellspawn is right in that poker is a more level playing field - everyone gets two cards. In the crypto markets, information is asymmetrical.
Okay, but if the other person is a swindler, how do we deal with it, should we sell the assets we have, as if your discourses give this perception
They are the same in that - 90% of participants should be sitting on their hands vs forcing action - 90% of the time
Back when internet poker was new a lot of kids around me in Sweden were staying up all night to play against "drunk americans". Quite a few made bank by just playing the numbers in multiple tables at once
They used the term "fish" for people like those "drunk Americans". Gradually the fish dried up and the game theory got more advanced.
Exception: The dealer is also playing and looking at the cards. =)
True that!
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