Playing Poker will give you an unfair advantage in Crypto.
But you don't have to play thousands of hands to reap the rewards.
Here are 17 most important lessons:
The Whales have an Edge
Whoever has the most chips at the table can bully everyone.
Crypto:
π³ can bully you w/o you realizing it.
β’ Early access to deals.
β’ Easier access to insider info.
β’ They can move the markets of small caps.
This is NOT an equal game.
The Whales have an Edge pt. 2
You might've seen this first hand a few weeks ago.
Whales were playing games /w @Wonderland_fi and caused liquidation cascades.
The whales made out with π°
Everyone else got fucked.
Even the people who didn't use leverage.
Ulterior Motives
You'll hear a lot of advice at the Poker table:
"I'd fold if I were you bro"
Do they have your best interest at β€οΈ?
Crypto:
Be careful who you're taking advice from.
What's their incentive?
"This coin will 100x π± π€―"
*Proceeds to dump on you later*
PVP Mentality
Poker is player vs. player. Someone has to lose for you to win.
Crypto:
You're underestimating how PVP Crypto can be.
It's NOT WAGMI.
Sometimes...
By the time you've heard about a protocol, the early players are dumping.
And you're left holding the bags.