Saturday December 8, 2018 at 12:53 am
FUN

Bitcoin, Ethereum and other cryptocurrencies are hitting lows for the year. Current prices are similar to August 2017 levels, shortly after the 2017 World Series of Poker ended and numerous poker pros were heavily vested in crypto. Will the drastic drop see a significant number of crypto-vested poker players return to the daily grind? Which notables will come out of retirement after stepping away? Or is it time to borrow money from Timex or Johnny Bax and buy as much BTC as you can?

BTCrise1

Look, no one knows what is going to happen with crypto. If you believe any of those crypto-charlatans, then you're the sucker in the room. Hey, maybe Bitcoin will go to Pluto by 2030, but how about right now? Bitcoin hit a new low for 2018 and it's trading at similar numbers from the end of the summer of 2017. That's an important date in the poker world, because it seemed like the poker community was all-in on crypto by the end of the 2017 WSOP. If you weren't invested into Bitcoin, Ethereum, or other shit coins by the start of the series... you were on the bandwagon by the end of the series.

Unless you've been in a coma the last couple of weeks, the crypto world has been watching the market tank. Since the end of September, Bitcoin prices plunged. In early September, Bitcoin traded at $7,000 for the last time. Between mid-September and Halloween, Bitcoin prices stayed within the $6,500 level (never really straying below $6,300 or above $6,800). Then things got weird in November.

  • Prices started to trickle downward in early November before a correction on November 14. Bitcoin dropped $600 and dived below $6K. Within a week, the $5K level busted.
  • On November 19, Bitcoin took another beating. Prices plunged from $5,600 to $4,800.
  • A week later, the $4K ceiling busted and priced headed to $3,850 before a couple brave/foolish souls bought the perceived dip and prices went north of $4K for a couple hopeful days at the end of November.
  • A week into December, prices headed south once again. By December 7, Bitcoin hit their year low when prices fell to under $3,500.

Ethereum prices took a real bad beating and I'm not talking about a love spat between Ike and Tina Turner. We're talking about an old fashioned mob beat down. In January of 2018, Ethereum flirted with prices around $1,420. It dipped below $100 today.

Yup, Ethereum headed south of $100 and dropped 50% in value since November 1 when it traded around $200.

Over the last eight months, a portion of professional players and other fringe poker people invested their winnings into crypto. Some even stepped aside to pursue other interests while allowing their crypto investments to give themselves the freedom away from poker. Sure, some investors started crypto poker sites. Other ventured into the gaming, or sportsbetting side of crypto. Heck, even Doug Polk started a news site and pivoted to creating crypto content after burning out of poker.

For the first time since the online poker boom, there was a lot of excitement and uncertainty. But good uncertainty. Everyone knew what the boom was boom was like when money rained down from the sky at the Rio Casino during the first couple WSOPs in their new home away from the ubiquitous urine-stench of downtown Las Vegas.

A year ago in late December, Bitcoin flirted with the $20,000 level. The poker world could not shut up about their accession to the top riding the second boom inside of fifteen years.

Hey, if I was a poker player who had bought a $1 million in Bitcoin when it was like $2K and they were all of a sudden sitting on 500 BTC worth $10 million, of course I would get the fuck out of dodge and as far away from poker as possible. With money comes freedom, right?

Heck, I invested some crypto and I felt like a super baller. When I sold off, I felt guilty and greedy because I wanted more. Now, I have survivor's guilt because I got out before all hell broke loose. It felt like I was one of two people who survived a plane crash. Hey, even a small profit is still a profit. But compared to the bloodbath for everyone else, it feels bittersweet.

I must admit, a year ago, when crypto flirted with $20K barrier, I had monetary orgies inside of my head. I kept counting how much I would make when BTC hit $50,000… which at the rate it was going, would hit by the end of 2018. I couldn't wait to cash out and buy a cabin in Colorado, a brownstone in Brooklyn, a loft in Vancouver (to grind online poker), and a couple of small farms in Northern California to grow marijuana. And that was just with selling a small portion of my BTC. With all my Ethereum free monies, I was going to buy a couple of exotic animals and try to enter a monkey into the WSOP Main Event, just to tilt all the suits at Caesars.

But then something happened. Well, life happened and kicked everyone in the junk, or junkette. Or the nether regions of gender neutral people. Whatever you got down below had to hurt after the plunge.

BTCcrash2

As soon as prices hit their peak and started to roll back, you got the sick feeling in your stomach that the fix was in. It was like watching the third act of Trading Places, except you were the Duke Brothers and you were about to lose everything while Eddie Murphy gobbled up all the frozen concentrate orange juice contracts for pennies on the dollar.

Crypto prices started their descent in early 2018. It was gradually at first before we chose to notice the trend. Any idiot with a ruler can see that there's a huge downward slope trending from left to right which means that everyone is about to go busto if they are dumb enough to HODL TO ZERO.

So, I don't have a marijuana farm, nor a cabin in Aspen, and I don't have a balla loft in Canada, nor a brownstone in hipster central in NYC. But I still have faith in blockchain technology, whatever it really is, and I bought a book (Crypto for Dummies) about it and I promise it will get read before St. Patrick's Day 2019.

Every day people ask me, is it a good time to buy crypto?

Of course it is, I say, especially if you think prices will go up. And if it goes lower, then you're not the biggest sucker in the world. Heck, there's one born every few minutes. People waste money on far worst shit in their lives. [DISCLAIMER: Never take financial advice from a click-bait gambling site.]

As far as gambling goes, there are far worst ways to lose your bankroll. Like buying into a $10K tournament when you have $10,001 to your name, or losing your shirt betting the Fortune Bonus in Pai Gow, or shooting dice until you max out your credit cards, or trying to hit 10-team parlays at the SuperBook in Vegas.

And don't get me started about slot addicts. Sheesh. I mean, crypto dweebs look like Goldman Sachs vice presidents compared to uber-degen slot junkies.

So, about those poker players who invested in crypto and retired? Yeah, they'll be back to the daily grind. See most of them soon at the local card room where there will be no shortage of crypto bad beat stories.

And yes, I'll listen to your crypto bad beat stories for 0.01 BTC.

Some of the wiser poker crypto wizards and other savvy traders pivoted into the cannabis world. Hey, cannabis stocks were hip this year, but you already missed that boat if you're thinking about blazing up, firing up a Phish bootleg, and buying weed stocks. If crypto was soooo 2017, then canna-stocks were soooo summer of 2018.

So, what's next on the horizon? I heard there's a great way to get rich quick. Lindsay Lohan opened up her own beach club in Greece. I know what you're thinking... "Put down the torch and walk away slowly from the dab rig!"... you're not going to invest in anything involved with Lindsay Lohan, especially a club in Mykonos. Okay, you have a point and I would never actually delve into the shadowy world of the club business, especially overseas. But, you could always boof a brick of blow into Greece and sell it to LiLo for inflated prices.

Maybe you're one of those tin foil hat people that think Jamie Dimon and his cabal of crypto crooks are imploding the market for their own financial gain. Maybe it's not the banksters. Maybe it's the Queen and the lizard people. Maybe it's Chinese hackers. Maybe it's Satoshi? Maybe it's Satoshi's evil twin Tony. Maybe it's the frozen head of Steve Jobs. Who knows?

Is there a dip? Is this the dip? Buy the dip, right? But what if you bought the dip already. Like fourteen dips ago? Then keep buying. It's gotta go up sometime right?

I recently talked to a homeless drunk about a few things including religion and crypto prices. He scoffed at the fearmongers, but he believed in the technology and predicted that the bag holders will become the next billionaires. I told him it takes balls to hold the bag through the bleakness of winter while surrounded by frozen corpses. That's when he blew a snot rocket and sang, "HODL TO ZERO!"

But hey, crypto is way more fun than poker. Right? Forget about mining for crypto. You know the world has been turned upside down when you can make more money cranking out dope crypto memes than running a bitcoin mining operation.

Latest news
Thursday January 17, 2019 at 2:36 am
Breaking News
2019 PCA: Chino Rheem wins $10K Main Event for $1.5 million score

The 2019 PCA Main Event Championship is in the books and American pro Chino Rheem survived a field of 865 runners to win $1.5 million. Rheem came into the final table with the lead and knocked out all five opponents en route to a quick and efficient victory in the Bahamas. Rheem picked off Daniel Strelitz heads-up for the trophy. Rheem has officially passed $10 million in career earnings.

Wednesday January 16, 2019 at 5:37 pm
2019 PCA: Chino Rheem leads Main Event final table

The 2019 PCA Main Event Championship is down to its final table and Chino Rheem is the big stack with six remaining. This year's $10K Main Event attracted 865 players. First place pays out $1,567,100. The runner up banks $951K. Canada's Scott Wellenbach is second in chips, followed by two Americans -- Brian Altman and Dan Strelitz. Vicent Bosca is repping Spain at the final table and Pavel Veksler is the short stack.

Tuesday January 15, 2019 at 7:13 pm
RIP Gavin Smith

Canadian poker pro Gavin Smith passed away in his sleep at the age of 50. Smith won a WPT title at the Mirage in 2005 and won his first WSOP bracelet in 2010. Smith banked over $6.3 million in tournaments. The magnanimous Smith was an integral part of Poker Road Radio during the peak of the online poker boom. Smith is currently ranked #11 on the all-time Canada money list.

Tuesday January 15, 2019 at 8:56 am
2019 PCA Main Event: Tommy Nguyen Leads Final 20

The 2019 PCA is in its home stretch and Chino Rheem still has chips in the Main Event. After the third day of action, the $10K Main Event went from 79 to 20 players. Tommy Nguyen bagged up the big stack with Jeff Hakim, Dan Strelitz, Matthias Eibinger, and Brian Altman round out the Top 5. First place pays out a juicy $1.5 million. Only two more days remain before they crown a champion in the Bahamas.

Friday January 11, 2019 at 4:17 pm
Breaking News
HOT !
PSPC: Spain's Roman Colillas wins $5.1 million

After five glorious day of action at the Atlantis Casino and Resort on Paradise Island in the Bahamas, PokerStars crowned a winner in the largest $25,000 tournament in history. Ramon Colillas from Spain banked $5.1 million for outlasting a field of 1.039 hopefuls at the PokerStars Players Championship. He defeated French pro Julien Martini heads-up for the victory Martini took home a little less than $3 million for a runner up share.

Thursday January 10, 2019 at 7:42 pm
PSPC: Down to 8, Scott Baumstein leads

The first-ever PokerStars Players Championship played down from 38 players to the final eight on Day 4 of action. On Day 5, they will be playing down to a champion. The top six places pay out at least $1 million with the winner banking $5.1 million. American pro Scott Baumstein is the big stack with 10.7M, followed by Marc Rivera, Julien Martini, Farid Jattin, Roman, Colillas, Jason Koonce, Talal Shakerchi, and Marc Perrault.

Tuesday January 8, 2019 at 8:08 am
PSPC: Farrid Jattin leads Day 2 with 215 to go

PokerStars threw the largest tournament in history with the $25,000 buy-in PokerStars Players Championship attracting 1,039 unique runners. The top 181 places will pay out with first place winning $5.1 million. Only 215 players remain after two full days of action. Farrid Jattin fromColombia is the chipleader. Italian pro Mustapha Kanit bagged up the second-biggest stack. Other big stacks included Brandon Adams, Griffin Benger, Athanasios Polychronopoulos, Julien Martini, Kristen Bicknell, and Talal Shakerchi.

Monday January 7, 2019 at 4:16 pm
HOT !
PSPC: Talal Shakerchi chipleader after Day 1

The PokerStars Player Championship got off to a sensational start when it passed 1,000 entries. The total is 1,014 runners. First place will pay out over $5 million and that includes an extra $1 million bonus on top. It was a Who's Who of poker at Atlantis Casino in the Bahamas for the start of the inaugural PSPC. After the first complete day of action, only 756 players remaining and The U.K.'s Talal Shakerchi is the big stack with over 420K. Registration is still open.

Thursday January 3, 2019 at 5:49 pm
Outgoing Governor Rick Snyder vetoes online gambling bill in Michigan

Republican governor Rick Snyder decided to veto a bill that would have allowed Michigan gamblers to gamble online and play online poker. Michigan missed a chance to become the fifth state in America to legalize online poker joining Nevada, New Jersey, Delaware, and Pennsylvania. Snyder cited that Michigan needed to study the data more before making a decision to authorize online gambling.

Thursday December 27, 2018 at 3:56 pm
Telex
2019 WPT UK Main Event scheduled for September 22 thru October 6

The World Poker Tour is coming to the UK in the fallof 2019! The WPT UK will be hosted at the Dusk Till Dawn Poker & Casino Nottingham. The £3,300 buy-in event also has a £1.5 million guarantee. The first of two opening flights begins online at partypoker on September 22. The first of three live opening flights begins on September 30 at Dusk Till Dawn Poker & Casino Nottingham. The WPT UK Main Event will run through October 6. For a complete schedule, click here.

Friday December 21, 2018 at 4:26 pm
Breaking News
SCOOP
2019 WSOP dates and partial schedule released

Christmas came a little early for poker enthusiasts because dates dropped for the 2019 World Series of Poker. The Rio Casino in Las Vegas will host the 50th version of the WSOP with 78 events running over 50 days starting May 28 and running through July 16. This year's special event with be the $5million guarantee Big 50, which is $500 juice free (initial) entry. The Main Event will feature three opening flights over the Fourth of July weekend.

Thursday December 20, 2018 at 4:12 pm
Isaac Haxton ships Super High Roller Bowl V for $3.6 million

Ike Haxton faded a field of 36 super ballers to win the $300,000 buy-in 2018 Super High Roller Bowl at the Aria Casino in Las Vegas. Haxton banked $3.6 million for his victory in the fifth installment of the SHRB. The American pro defeated Alex Foxen heads-up for the win. The final table for the SHR included Ali Imsirovic, Igor Kurganov, Adrian Mateos, Talal Shakerchi, and Stephen Chidwick.

Saturday December 15, 2018 at 1:50 am
PokerStars Winter Series with $40 million in guarantees

The holiday season is upon us. PokerStars will celebrate the end of the year and the holiday season with 60 events and 240 tournaments for the Winter Series starting on December 23 and running through January 7. The Winter Series has four levels with different buy-ins for players with varying bankrolls with events at Micro, Low, Medium, and High. There will be $40 million in guaranteed prize pools. The Main Event Medium and High will both have $1.5 million guarantees. Buy-ins for the Winter Series will range from $0.55 to $5,200.

Thursday December 13, 2018 at 3:51 pm
EPT Prague: Matthias Eibinger wins €50K High Roller

It's another day, another high roller. At the 2018 EPT Prague, hosted at the swanky Hilton Hotel, Matthias Eibinger from Austria outlasted 40 other players to win the €50K High Roller for a score worth €653,000. Eibinger defeated Andras Nemeth from Hungary heads up for the cash and the crown. Also at the final table were Liang Xu, Pavel Plesuv, Luc Greenwood, and Charlie Carrel. Eibinger, closing in on $5 million in winnings, is capping off the best year of his career with a big win in Prague.

Wednesday December 12, 2018 at 3:19 pm
Breaking News
FUN
100K Isolation prop bet over on $62K buyout

It was a crazy wager, but American poker pro Rich Altai won the $100,000 prop bet where he had to live in complete isolation and seclusion for 30 days. After 20 days, Australian poker pro Rory Young realized Altai was going to all the way for the win, so he negotiated a buy-out worth $62,000. Altai agreed, and he exited the sequestered room where he lived in total darkness and silence for 20 days.

Monday December 10, 2018 at 4:11 pm
Minneapolis Jim Meehan Passes Away

One of the last remaining characters in poker, Minneapolis Jim Meehan, passed away at the age of 66. The attorney and poker pro from Minnesota won a WSOP bracelet in 2003, made a couple of televised final tables during the poker boom, and banked over $1.4 million in career earnings.

Free tournaments and added prizes

The Club Poker organizes freerolls and special tournaments with added prizes.
To qualify for free, register on our poker partners websites:

Tournaments Club Poker
6-MAX
$2.20
Big Poker League
Thursday January 24, 2019 at 8:04 pm
$125 added
6-MAX
$2.20
Big Poker League
Thursday January 31, 2019 at 8:04 pm
$125 added
6-MAX
$2.20
Big Poker League
Thursday February 7, 2019 at 8:04 pm
$125 added
6-MAX
$2.20
Big Poker League
Thursday February 14, 2019 at 8:04 pm
$125 added
6-MAX
$2.20
Big Poker League
Thursday February 21, 2019 at 8:04 pm
$125 added