Topic: Project 1BTC - page 4. (Read 1316 times)

I was honestly intrigued by your plan of starting from zero to get to 1 btc until I read that your definition of starting zero is to gamble. I know freerolls do not require entry fee but aren’t you supposed to contribute to the pot money? One way or another you are taking something from your pocket. Anyway, this is risky and I don’t think it will be sustainable trying to earn like this. If your goal is to get to 1btc expect that this kind of method will take you years to get to your goal.
I thought this was supposed to be project btc? You are taking risks by gambling and taking even more risks by investing in memecoins. The money you will get to invest in bitcoin will not come from investing in memecoins, this much I can tell. Memecoins will not give you huge profit unless you put huge money in it as well. Even then you do not know if it will actually succeed. Well anyway you did say that this will be a learning experience for you so I am not discouraging you. I am just saying I think that this plan will be unsustainable and will take too long. I am still curious if you can actually make this work.

       Finally variance caught me. No matter how well I played, I lost every big hand. At one point, I was down to half of my whole balance. Even after a long grind, I did not manage to book a win today, which is completely normal, and honestly, I was expecting these downswings. The good thing that happened was I did not raise my stakes and continued grinding at the same stakes, which finally resulted in me getting most of my stack back from recreational players.
In case you want to know, I changed my platform from betcoin.ag to stake.com as I wanted to play more tables. So my bankroll after day five is $192 + $5 free bet (Yeah, I have not used my free bet yet). I am still figuring out which meme coins to invest in. I have shortlisted many, but I think I will do more research before narrowing them down to 3 or 4.
I already knew before starting this challenge that it would be a tough task and there would be days where nothing would go right, but I have to keep learning and focus on being better because, Dream is bigger than Pain.
Here are my two biggest wins today:
 

Whole life is a risk even 'seeing', I mean you can get hooked .

I do not understand a thing as I am quite stubborn and stupid. Please do not hesitate to guide me I will be much obliged.

Quite an analogy! but I am afraid sometimes we deliberately search for explosions in life, explosions of excitement and adventure to test our beliefs.

Now that is worthy discourse. Phenomena are not based on etymology; in fact, wanting to understand anything based on etymology will always lead to lesser understanding in an epistemological sense. For instance, try to understand homosexuals based on the term 'gay'. You need new evolving concepts (sometimes even contradictory ones) to have a good grasp of any phenomenon. Who knows what 'meme' will mean in the future because of so-called 2D meme coins and their impact on financial markets.
Meme coins nowadays paint a picture that is full of dreams, fears, greed, and passion (for some artists as you mentioned). It is not a monolith but becoming a spectrum, and in my humble opinion, we have to see them in this light (we do not have a choice anyway ).

It might be at approximately this point that an investigation into what is meant by the term meme coins might be useful, possibly in-particular some kind of category-boundaries theorem permitting determination, given a prospective coin, whether or not it is to qualify for the category.

Of particular professional / business / personal interest to me in this query are such coins as Gold Pressed Latinum, Melange (SPICE) and United Federation Credits, which it seems to me are examples of memes in a possibly deeper sense that has in recent decades possibly been somewhat overshadowed by a more "two dimensional single-frame cartoons" applicability of the term.

If one were to consider, for example, the designer's intended "appeal" that they attempted to design into the coin, does not it seem to point at the existence, or imagined existence, of a meme-in-the-deeper-sense (the "dictionary sense" maybe even)?

-MarkM-

I'm really curious to see what your strategy will be, because mixing poker with memecoins is, in my opinion, a ticking time bomb. Therefore, I think that any money you make from this, spread it across other businesses and make them multiply, don't bet all your chips on memecoins and poker, because it certainly won't work in the long run. But I wish you luck.

A maximum effort in an effort to produce one bitcoin from zero and until today the progress of your investment value has been seen as written above, especially on the fourth day. Btw, views can certainly differ, right? Well, I personally am not yet interested at all in trying what you are doing now and am more focused as usual.

In addition, I think you already understand where the constructive suggestions and opinions that have been conveyed by other friends or seniors are headed and I am sure you will continue this discourse.

I like the challenge you have taken but the process to achieve it is what I don't trust. I was reading Op and saw that you made $21 and it grew exponentially, and I was about believing your process until it crashed back to zero. This thread is teaching us something important, other than achieving 1BTC.

I am not comfortable in the whole process. It looks like accumulation of risks;
Owning BTC is a risk,
Playing Poker is a risk,
Investing in meme coins is a risk;
Trading is a risk;
The whole process is full of risk. Let's see how it goes.

I've been watching the thread and I think you've been playing without having the necessary bankroll, so I think it's good that you've cashed out. The goal you set for yourself is very high, and extremely difficult to achieve with freerolls. Now you say that you are going to combine several things to get there but if you invest/bet in something relatively safe you are going to get little profitability and if you do it in something risky you can be lucky and win a lot of money in a short time as it has happened to you now but you have a proportional risk of losing your money.

I see your plan, and it's not too risky if the amount is manageable. As a gambler, I know you’re good at managing risk. So far, you've already made a profit by day 4, which is impressive! Keep it up and keep impressing. One BTC might seem far off, but it’s definitely not impossible if you consistently save and stay disciplined.

For sure, I need a lecture (especially from an experienced member like you). I am just a newbie, and 'I know very well that I don't know' (Socrates) .
Most of my cryptocurrencies are stored in physical wallets. The reason I decided to have this  on an exchange is just for ease of access in the initial stages, as I have to move and convert funds frequently.
Although I have just converted my funds to SOL as I will be investing in some meme coins. Thanks for showing vigilance, as I completely agree with you that one should not store their cryptocurrencies on any centralized exchange, especially large amounts (subjective).

I don't think you need to be taught that you shouldn't keep your funds on the exchange. I can see you smiling( ), and I think you don't expect advice on storage. However, how about getting a hardware wallet and starting to invest bitcoins in it, with some amount that will be the initial investment on the way to success?

                                               DAY 4 UPDATE

The day started with losing every tournament I registered for. But then I played at cash tables and waited for some fish to catch. After waiting and grinding for many hands, I finally stacked one loose aggressive player.

This increased my total balance to $213. Now I have decided to cash out the whole amount since 200 USDT is the minimum cash out (if you are not depositing anything). I will now invest small amounts in different avenues. I want to invest in three different places, $50 each, and will continue playing poker with the remaining amount.
If you have any interesting suggestions, I would be much obliged.

Small update: I have received my cash out in my binance wallet.

You must have thought about 'Infinite monkey theorem' while supporting my vision for the challenge .



Joke aside. it feels so good that highly reputed members like you are paying attention to my thread. Your guidance and encouragement means so much to me. 

Possibly your skills at futures trading are better than your poker skills but that might not be true for everyone nor in particular for the O.P.

I could just as well claim that one has more chance using pasts of ancient vintage coins and years of experience working with their various generations of teams over long years, but has the O.P. that set of skills, knowledge and background?

I could see saying one would be better off using one's day-profession but the O.P. already informed us he or she already did that, that this adventure is a side-gig basically... Thus presumably one anyone who typically profits over time playing some game or other, at least if it is at least partly a player versus player game rather than a player versus "house odds" game, could hope to emulate.

-MarkM-

When I saw the title I thought 0 to 1btc from freerolls is going to be a long journey, but obviously I read the 1st post and saw that you will also be playing buyins. Still going to be a long journey, but 1 that can be achieved for sure with some patience, skill, and of course a little luck. We all know best hand preflop does not equal best hand on river.

Good luck, i'll be watching from time to time and see how you progress.

Is it all going to be generated from gambling? Sorry in advance not to be patronizing but I think trying to do with collecting bitcoins from gambling that is done I don't think it will go well because after all we know how gambling schemes are so although it is still possible if you are really good at it but I don't feel that it will be a realistic thing.

It would be better to try to make money with other methods than by doing it with gambling because after all even a big win can be wiped out by a big loss so even if you are still confident and excited but honestly I am skeptical that something like this can happen.

But this is just a form of advice because after all you are doing it yourself so you are free with the money you have to do bitcoin collection with whatever scheme you try to do but do try to slightly consider the suggestion to replace the method not with gambling.

Day 3 was a busy Sunday. I cashed out two tournaments for around 41$ (bought in with money earned through free rolls).
 
Then I played at cash tables and managed to win some decent hands which increased by bankroll to 130$+. I also secured a 5$ free bet for just participating in DG bet freeroll and I also have one unused from previous tournament.
.Surely, I am all ears! Thank you for your continuous support. Right now, I am focusing on poker for seed capital, but things will change as this challenge progresses.

From what he wrote, I wouldn't conclude that the OP has no money, but that he wanted to set a challenge with the goal of one day being able to have 1 BTC that way. Maybe any association with gambling is negative, but I can agree with the OP that poker is still a game of strategy and luck, and there are professional poker players in the world who make millions $ from it.

Maybe the OP should consider combining poker, signature campaign and DCA to achieve his goal - I think it's better to look at all possibilities than to focus on just one.

Seems a long shot & unlikely situation where you’re able to reach one Bitcoin this way. You’re far more likely to reach your goal by simply working hard & buying Bitcoin regularly, over a long period to get as much Bitcoin as possible. You probably have more chance using futures markets to get to one Bitcoin than winning in poker. I think the best option is just to DCA & keep building towards your goal though.

Yes, my updated balance ($21) is the profit even after an initial loss of $10 on day one, since I have not deposited anything in the first place.
Poker is definitely not gambling; it is a skill-based sport, and I can prove it to you mathematically. It is a PvP skill game where you can make +EV decisions every time, which is not possible in traditional gambling (you could argue for blackjack, but no matter how soundly you play, you cannot beat the house edge, assuming you are not counting cards). The same is the nature of meme coin investing; you have to research a lot to be profitable.
I know BTC and cryptos are different. All I want to show is that I have other coins apart from BTC, and to summarize, I used 'crypto' as a general term.
Thanks for showing continuous interest in this thread. Stay tuned.
 

If you subtract from that $20 the amount you lost in previous rounds that day, are you still in profit or did the day end with you spending more than you won?

Poker is gambling. Meme coins are get-rick-quick schemes.

I said bitcoin, you said crypto. Those are two different worlds and philosophies. Both use a blockchain in one form or the other, but they were created by their developers for different reasons.