Crypto Currency Poll - Question #5

ADRI7HO · Jun 22, 2022

The fluctuation isn’t good for me at all, that’s why I don’t want to start in Crypto either, but never say never.

passat1600 · Jun 22, 2022

Poker players can expect a large profit that translates their winnings into cryptocurrency, but for most professional players who prefer not to invest in cryptocurrency, but to give back currency preference

mina271 · Jun 22, 2022

It's hard to say anything about that, especially because I didn't understand what votality was at first lol. But luckily there is something like Google and I think I understood it a bit. I also didn't track how far apart the fluctuations in crypto are, so I can't really say anything about it.

EnzoRS94 · Jun 22, 2022

Not really, I don't think I will use a cryptocurrency as poker account currency.
I mean it will be affected by the market more than your play..

acidburnfx · Jun 22, 2022

Not at all, because cryptocurrency has no intrinsic value.

Risto234 · Jun 22, 2022

No since i'm probably never going to use it in relation to any poker site ?!?

adriantempo · Jun 22, 2022

I don't think volatility is appealing in poker. But the world needs to understand that not crypto is what is volatile. It's certain types of crypto. There is crypto for everyone, for those who like volatility and for those who don't. There are stablecoins. You can make the price of a crypto to follow exactly the price of anything, even real estate, gold, dollars or anything else. Crypto is just a concept, not a specific coin with a specific volatility. Crypto can be as volatile as your own money is in the world. Crypto can be even less volatile than things considered non-volatile, like fiat. Crypto can be anything you want it to be. Crypto only needs talented people to do just that.

Edu1 · Jun 23, 2022

not for me.

navicula · Jun 23, 2022

To deposit and withdraw. Cryptocurrency to be an option.

Becky Eubanks · Jun 23, 2022

I have no interest in it at all.

Claudiunm · Jun 23, 2022

SopianaeExtra said:
At the end of the day, everyone of us wants money for exactly one reason: To buy stuff. What good is a colorful slip of paper or a number on your computer screen if you can't do anything with it?

I consider the investment in crypto currencies an unpredictable gamble and poker players are, compared to the general population, more inclined to take risks and patiently await a future day when they will 'score big time', no matter how slim the chances for that may look like.

'Small chances'? My friend who withdrew $3300 from a poker room in bitcoin in December 2019 and saved it, saw this money jump to $69k in 2 years. And if you didn't execute profit, even with the current drop you still have $20k. But if you want security, deposit your money in the bank. There it will appreciate about 6% per year. Look how wonderful.

SopianaeExtra · Jun 24, 2022

Claudiunm said:
'Small chances'? My friend who withdrew $3300 from a poker room in bitcoin in December 2019 and saved it, saw this money jump to $69k in 2 years.

For every winner there are many losers.

wlad20082009 · Jun 24, 2022

A little bit. Unfortunately, I had a negative experience. The first one was when I had to reinstall Windows (Lost my wallet key. At that time, I still had to store the key on my PC.) The second time I lost money when the rate fell. (And a lot, at least for me. What's interesting is that I just withdrew my money and suddenly there was such an ambush! I thought it was okay. The rate will not fall all the time!? But unfortunately it went on for a whole year!!!) .

nba2009 · Jun 24, 2022

Volatility seems to me to be very complicated, you have to be well informed about it, but as a poker player it seems to me that it has nothing to do with it.

Natta777 · Jun 25, 2022

I think that many poker players are forced to use cryptocurrencies, as many poker rooms offer these conditions. And the players have no choice.

Rob Hobson · Jun 25, 2022

I don't believe so.

Argonaut · Jun 25, 2022

Might be a great way to launder money (as seen in El Salvador, etc).

Otherwise, pyramid scheme of the month/tulip bulbs...

finaltable1 · Jun 25, 2022

It depends whether you're investing in crypto or simply using crypto as a proxy instrument to send/receive payments. I mean it's a huge difference if your crypto wallet is always at zero or if you're keeping funds in it as a investment.

gena31 · Jun 25, 2022

I don't trust cryptocurrencies.

hilary antonik filho · Jun 25, 2022

I have doubts about the use of cryptocurrency, I don't know if I would use

Luvepoker · Jun 25, 2022

For me no it does not. Poker is a skill game. Crypto is an investment and could be base on information like a stock and that takes skill but Crypto looks more like a pure gamble to me. Its could be an investment but feels like gambling.

pipayura · Jun 26, 2022

I tried to buy cryptocurrency and then use it to play poker. I calculated all the interest on mining, looked at the exchange rates and came to the conclusion that this is a bad idea. I lose a lot on transfers and withdrawals. I would not recommend it, especially since the cryptocurrency is not stable and is not fixed in anything. This is the air that they try to pass off as material goods.

pavel1111111 · Jun 26, 2022

this is possible, although I don't think so

, maybe for those who want to bet much more

)

SpanRmonka · Jun 26, 2022

I don't think the volatility is appealing to poker players. The gamble/investment angle maybe to some.

Seems like many people in different countries find it better for withdrawing etc. For me in the UK there is little need of this tho.

theoxy · Jun 27, 2022

FastOne said:
Not to me. That's a negative aspect of it, IMO.

He he , same for me mate.

Crypto Currency Poll - Question #5

Do you believe the volatility of crypto makes it appealing as a poker player?

Very

Somewhat

Slightly

Not at all

ADRI7HO

On the road...

passat1600

Visionary

mina271

Legend

EnzoRS94

Rock Star

acidburnfx

🧃Senior apprentice

Risto234

põrandaalune pokkerimängija

adriantempo

Legend

Edu1

Legend

navicula

Legend

Becky Eubanks

Legend

Claudiunm

Legend

SopianaeExtra

between my 2 ears

wlad20082009

Legend

nba2009

Legend

Natta777

Legend

Rob Hobson

Legend

Argonaut

Legend

finaltable1

Legend

gena31

Legend

hilary antonik filho

Legend

Luvepoker

Lost in the twilight zone

pipayura

Visionary

pavel1111111

Legend

SpanRmonka

Legend

theoxy

Legend

About CardsChat

Our Community

Our Site