Why I Retired From Poker
In the beginning of 2017, I noticed that a bunch of high stakes poker players were becoming more interested in bitcoin than poker. In particular, they were leaving poker to actively day trade bitcoin and other cryptocurrencies. If these guys at the top of the poker world--making well over $500 per hour on average--decided to abandon their careers to pursue something better, I figured there must be something special going on.
So, I took the plunge and began learning all I could about trading. I studied the fundamentals behind blockchain technology and different crypto projects, learned the ins and outs of technical analysis, and spent thousands of hours consuming books, videos, podcasts, and charts.
At first, I decided to split my time 50/50 between poker and trading; I already knew that I was a profitable poker player (I'd been a professional poker player since 2006), so poker was my “backup”. But as I got better at trading, and as I began to see results, I soon realized that buying and selling bitcoin and other cryptos has a much higher profit ceiling than poker, and a surprising amount of strategy, logic, and game theory carries over nicely from poker to trading. So, I finally retired from poker.
Yes, I do still play poker as a hobby, and yes I will still go to Vegas in the summer for WSOP, but my main job now is trading. And more recently, at the request of some poker acquaintances, I have begun to teach crypto trading as well.
Since I was repeating the same information, concepts, strategies, and anecdotes over and over again to new traders, I decided to make a complete video course, compiling my most important trading knowledge, so that I could refer new students to that before working with them one-on-one.
That video course is called Crypto Trading From Scratch, and it’s available on my new website: sellthespike.com. Feel free to check it out! I’m offering a 100% money back guarantee, and if you want you can use the promo code STEEM for 15% off the course.
Feel free to comment if you have any questions or if you want to chat about trading, poker, the transition, or anything else! Good luck at the tables and/or trading 😊
Cheers,
Dustin
Good post, me and my hubby was into cryptocurrency a lot a few years back, until cryptsy decided to run off with our loot. Now we only hold some Ripple, which I think has good prospects in the future, and now working on steem.
I think we will get back into it more as the year goes on, but once you get burned it's harder to get back into it in a big way.
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