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Poker Discussion
General Poker
Texas Hold'em exploded in 2005-2006. Is it dead now? What happened since?
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[QUOTE="AlwaysPlanAhe, post: 2068683, member: 94319"] The global recesision will have had a large impact on the entire ecology. Nobody has any money at the moment and there aren't any jobs, with USA's recent potential fiscal cliff it's all looking very bleak for johnny average. When lots of people had money (pre 2008 crash) there was plenty of dead money from fish being sucked up by microstakes/small stakes players which caused everyone to move up a level in the chain. Suddenly everyone's broke and with less fish at the very bottom of the food chain it effects everyone all the way to the top. Ignoring the previous paragraph there's also the path of natural progression to take into account. When someone starts playing poker, 1 of 2 things happens. They either study, get good, learn more, get better and so on . Or they suck and lose money and eventually give up and stop playing. So gradually the entire poker pool becomes mostly full of players who know what they're doing. Imo there wont be another boom like there was in 2004 because conditions were perfect. Internet globalisation was new and improving to the point connections were fast and reliable, it was 4 years before the recession so everyone had more money than ever and banks were happily lending out even more and Moneymaker had turned $40 into a squillion. The combination of these things created what happened 2004-2008 and that will never happen again. There is hope for a new smaller boom but this is just a personal opinion. Asians love gaming and China will soon enter the foreign market as a dominant force whether face to face or over the internet. Right now gambling is illegal in mainland China but the Chinese really love to gamble. For those who don't know...the reason China are doing so well atm is because they artificially kept their currency low for years. When you trade abroad you exchange the foreign currency for your own and invest into your countries infrastructure like schools, police etc. China decided to buy debts in the country of origin that they had done business with meaning their money was making them even more money however the standard of living in China was really bad. They could produce goods at a fraction of the cost compared to the western world and they basically destroyed all foreign competition. Now they're investing into infrastructure again and should they decide to legalise gambling, casinos will appear literally overnight. A country with so many millionaires and billionaires who love to gamble suddenly thrown into a world of legal casinos? There will be an asian boom. It will lead to an influx of new fishy Chinese internet players and by this point the global recession we're currently going through should have calmed down a bit so the tables will become fish filled again. [/QUOTE]
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Texas Hold'em exploded in 2005-2006. Is it dead now? What happened since?
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