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
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Replying to @hellspawncrypto
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
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Replying to @FatManTerra @hellspawncrypto
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
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Replying to @pepedzekichen @hellspawncrypto
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.
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it may be asymmetrical, you might not get the full picture, but you still can get it before 99% of pajeets(which however makes up for a minority of liquidity)...that is your edge
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Replying to @0xvale @FatManTerra and
also you don't have to play every hand in both crypto and poker....just a few are fine
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True - folding is very powerful - choosing your opportunities wisely in the market and making a tiny number of concentrated, well-researched bets is the way.
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