Poker online turning completely to Bitcoin Poker
Poker players are spent in cryptocurrency, particularly Bitcoin. And once the market was thriving, some seemed focused on that than poker.
Things Don’t Always Go as Planned
But which has changed in latest months for obvious reasons. The crypto marketplace is struggling, to say the least. Bitcoin opened on Tuesday morning at just north of $3,300, nearly $2,600 better than two years back on the same day. That’s the wonderful news.
The bad news is most investors didn’t even become involved until a year ago or sooner. On December 11, 2017, Bitcoin reached $17,399. Just six days after, the digital coin hit an all-time high value of $19,870.
At that time, Poker Twitter was buzzing about the capacity of the coin. Can it continue increasing and possibly reach $100,000 one day? That’s what some experts believed. Therefore, few marketed high, anticipating a get-rich-quick investment. Most didn’t want to make what we’ll phone a “Barry Greenstein mistake. ”
The PokerStars pro and Poker Hall of Famer stated earlier this season on Joey Ingram’s podcast which had he never sold off his Amazon shares a decade back, he’d be a billionaire now. What if Bitcoin along with other digital coins continued climbing in value at the pace of Amazon? Poker players saw the upside and didn’t want to miss out on possibly creating a cozy nest egg.
But for all those that began investing over the past year — which covers many poker players on social network — the returns have been dreadful. A $19,000 investment just over a year ago is currently valued at around $3,300. The internet loss is worth a lot more than a WSOP Main Event buy-in.
Immediately after Bitcoin peaked in a shade below $20,000, the coin went down-hill. Throughout 2018, Bitcoin slowly diminished, climbing in value occasionally only to again take a dip. March 8 was the last day the price exceeded five-figures.
Bitcoin Plunge Changes Poker Twitter Banter
Doug Polk was a crypto enthusiast the past few years. He even created what became a popular YouTube station on the subject. But even he hasn’t tweeted about crypto because he made a sarcastic comment about the Bitcoin dip on Nov 24.
Less than a year ago, Poker Twitter unofficially became Crypto Twitter. Many who weren’t spent found it annoying. But Twitter was a wonderful forum for investors to share advice and brag about gains.
Given that crypto is falling, Poker Twitter is back. The articles have gone from investment advice to processor pile reports. Few seem in the mood to discuss crypto nowadays, for some unknown reason (sarcasm).