Bitcoin is like Poker

Cryptonomics

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If you've listened to a lot of interviews with successful investors and entrepreneurs, you might notice that a lot of them play poker, and some of them even recommend it as a way of improving financial acumen. There are many reasons: poker is a game of incomplete information, you have to assess risk quickly, be decisive, and emotionally deal with the consequences of a decision, whether it turns out to be good, bad or unknown. Let's talk about the ways poker is similar to speculating, in bankroll management, being aware of deception, information asymmetry, letting your stake match your knowledge, and planning ahead. Disclaimer: This is not intended to be financial advice. I'm merely presenting my own thought processes. Website: http://cryptonomics.space Steemit: http://www.steemit.com/@cryptonomics1 Facebook: http://www.facebook.com/cryptonomics.space YouTube: http://www.youtube.com/channel/UCjRNrO3qAbb6gxlj8CSAQow

41 episodes

#Trading #Business #Kurt Robinson