Playing Texas Hold'em will give you an extra edge in cryptocurrency, and you don't have to play thousands of hands to reap the rewards.

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1. Whales have an advantage

Texas Hold'em:

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Cryptocurrency:

Whales can bully you without you realizing it:

• Whales can get deals early

• They have easier access to insider information

• They can drive the market for small-cap coins

This is not an equal game. You may have seen this for yourself a few weeks ago: Whales playing the game /w @Wonderland_fi and causing a chain reaction of liquidations.

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Texas Hold'em:

You'll hear a lot of advice at the Texas Hold'em table:

"Old Tie, if I were you, I wouldn't follow the cards."

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Cryptocurrency:

We need to be careful about the advice we get from others. What is their motivation?

"This is a hundred times currency."

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Texas Hold'em:

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Cryptocurrency:

You underestimate the level of PVP in cryptocurrency, it is not WAGMI (Everyone makes money together).

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Texas Hold'em:

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Cryptocurrency:

It is best to be patient and wait for good projects to reinvest. FOMO (fear of missing out) can cost you money.

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Texas Hold'em:

On TV, you'll see professional poker players bluffing (BLUFF) and winning with bad hands.

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Cryptocurrency:

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Texas Hold'em:

Just because you can play perfectly and still lose, doesn't mean you should change the way you play.

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Cryptocurrency:

Just because no one gets 10x the shit money by luck doesn't mean you have to copy their investment style.

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Texas Hold'em:

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Cryptocurrency:

I don't "understand" art + culture, so I don't try to touch NFT; I'm good at digital + economy - that's why I focus on DeFi.

What are you good at?

Most of you can't win in cryptocurrencies. You're not stupid: you're at a disadvantage because you have less savings and a full-time job.

Perhaps your best bet is to keep it simple: buy blue chip coins at dollar cost average and wait.

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Texas Hold'em:

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Cryptocurrency:

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Texas Hold'em:

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Cryptocurrency:

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Texas Hold'em:

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Cryptocurrency:

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Texas Hold'em:

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Cryptocurrency:

No matter how good a project is, there will always be black swan events, such as rugpulls and bugs, and money management must be done well.

This actually includes funds other than cryptocurrencies:

• I have an emergency fund for 6 months of living expenses.

• I have investments outside of cryptocurrencies such as index funds.

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Texas Hold'em:

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Cryptocurrency:

Don't bet your house on a risky and unknown project.

Pot Size = Portfolio Allocation.

My investment allocation:

• The maximum amount of funds for an agreement is 15%

• For me, the max bet for a Degen (Degenerate Gambler) is 5% of the bankroll.

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Texas Hold'em:

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Cryptocurrency:

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Texas Hold'em:

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Cryptocurrency:

Find out why you're failing the pattern:

• Are you constantly getting beaten up in the pursuit of high APY (annualized yield)? This is a flaw.

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Texas Hold'em:

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Cryptocurrency:

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Texas Hold'em:

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Cryptocurrency:

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Texas Hold'em:

Texas Hold'em is player versus player. You have to find and hone your strengths. This might be getting better at math, or learning how to read people better.

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Cryptocurrency:

Here are some skills you can work on:

If you want to gain an advantage in DeFi, please learn:
— Token Economics
— Game Theory
-Cryptography
— decision making
— Cognitive Biases
-macroeconomics
— Trading Psychology
Don't be surprised if a 19-year-old with meme coins ends up earning more than you.
This happens.

gain a psychological advantage

Your success in poker and cryptocurrencies depends on the quality of your thinking, do what you can to get the mental edge:

• Exercise

• get enough sleep

• don't drink while playing poker

• meditate daily

Train your mind like an athlete trains his body.

I don't mean to be pessimistic, but making money in the cryptocurrency market is hard. Too many people make their money by telling you how easy it is to make money. So I try to keep you grounded and humble.

Here, the first step to victory is to survive.

A few points need you to be clear:

• There is more psychology involved in cryptocurrency trading than you realize.

• This is an unregulated field and you are underestimating the power of whales.

• Learn about mathematics.

• It may be PVP here. If you are new to this, please proceed with caution.

Anyone can get lucky, but don't confuse it with skill.

Disclaimer: I have never played poker professionally. I played online for a few years before "Black Friday" and it was a lot of fun. This article is written for those who have never played Texas Hold'em. Some of my analogies are simplified to make them easier to understand.