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
Friday January 17, 2020 at 9:38 pm
2020 Aussie Millions: Farid Jattin wins 25K Challenge for $983,646 AUD

Farid Jattin outlasted 169 runners to win the $25K Challenge at the 2020 Aussie Millions hosted at the Crown Casino in Melbourne, Australia. Jattin chopped heads up with George Wolff to win $983,646 AUD or approximately $679K USD. The final table also included Steve O'Dwyer, Sam Greenwood, Masato Yokosawa, Jack Sinclair, and Kenny Hallaert.

Thursday January 16, 2020 at 2:00 am
WSOP announces 'Value Menu' bracelet events for 2020 WSOP

The World Series of Poker announced a special round of value menu events at the 2020 WSOP that include buy-ins of $1,000 or less. A total of 25 bracelet events will be hosted at the Rio Casino this summer that have a modest and affordable buy-in. A baker's dozen of events, 13 in total, at the 2020 WSOP will have buy-ins $888 or less including the $400 Colossus and numerous $500 buy-in deepstacked bracelet events.

Wednesday January 15, 2020 at 3:53 am
Dustin Schoonover wins WSOP Circuit Choctaw Durant and first ring

The World Series of Poker Circuit's latest stop hit up the Oklahoma/Dallas area for the 2020 WSOP Circuit Choctaw Durant. Dustin Schoonover outlasted 1,065 runners in the $1,700 buy-in Main Event to win $272,846. The Choctaw Durant final table also included John Skrovan, Brant Jolly, Mark Newton, Christopher Staats, Allen Brivic, Montana Bills, Austin Lewis, and Trung Pham.

Tuesday January 14, 2020 at 4:48 am
Chance Kornuth leads final table at 2020 WPT Gardens Poker Championship

Season XVIII of the World Poker Tour continued with the 2020 WPT Gardens Poker Championship that attracted 257 runners for their annual big tournament every January at the Hawaiian Gardens just outside Los Angeles. The 2020 WPT Gardens final table of six is set to resume on March 31, 2020 at the HyperX eSports Arena at the Luxor Casino in Las Vegas. Chance Kornuth bagged up the lead at the final table that also included Tuan Phan, Qing Liu, Straton Wilhelm, Jonathan Cohen, and Markus Gonsalves.

Friday January 10, 2020 at 2:09 pm
Interview: Martin Harris, Author of Poker and Pop Culture

D and B Poker published "Poker and Pop Culture: Telling the Story of America's Favorite Card Game" by Martin Harris. During the poker boom, Harris authored a popular blog titled Hard-Boiled Poker. Harris quit his job as an English professor and went to Las Vegas to cover the World Series of Poker for numerous outlets. Over the last 15 years, Harris compiled a collection of essays that became the genesis of Poker and Pop Culture. We're fortunate that Harris sat down with us for a fun interview.

Friday January 10, 2020 at 3:00 am
2020 WSOP releases $10,000 Championship events schedule

A total of 17 championship caliber events with at least a buy-in of $10,000 are on the schedule for the 2020 World Series of Poker at the Rio Casino in Las Vegas. The WSOP released the dates for all $10K championships including the $50,000 Poker Players Championship, $10,000 Main Event, and the $10,000 WSOP.com Online NL Championship, which is the online $10K event hosted online.

Thursday January 2, 2020 at 2:15 pm
Brazilian pro Felipe 'Mojave' Ramos joins GGPoker

The new calendar year of 2020 was barely a day old when Felipe 'Mojave' Ramos announced the news on his social media feed that he will be joining GGPoker as their latest ambassador. Mojave joins the likes of Daniel Negreanu and Bryn Kenney as ambassadors. Mojave spent time as the top ranked Brazilian and Latin American online player with over $2.6 million in career tournament earnings.

Friday December 27, 2019 at 10:36 pm
2019: The Big Stories, Part 2

The year in review for 2019 continues with the second part that covers June through December. The World Series of Poker celebrated its 50th anniversary with a blowout at the Rio in Las Vegas. Hossein Ensan from Germany won the second-largest Main Event in WSOP history and he banked $10 million. PokerStars also announced the 2020 PSPC, which will take place in Barcelona in August 2020. PokerStars was also sold to Flutter (aka Paddy Power/Betfair). The Mike Postle cheating scandal also broke after he got caught cheating on the Stones Gambling Hall live stream.

Thursday December 26, 2019 at 5:49 pm
2019: The Big Stories, Part 1

We're quickly approaching the end of 2019 and the end of the decade. So much happened in 2019, we have a special two-part series highlighting the best and most interesting stories of 2019. In the first half of 2019, some of the big stories involved Chino Rheem winning the 2019 PCA and Spain's Roman Colillas taking down the inaugural PSPC in the Bahamas for $5.1 million. Bryn Kenney shipped the largest Aussie Millions in history. Just before the WSOP, Daniel Negreanu stepped down after 12 years as a sponsored pro and ambassador for PokerStars. Gianluca 'Tankanza' Speranza won the SCOOP Main Event in back-to-back years.

Wednesday December 25, 2019 at 1:28 pm
Merry Christmas and Happy Holidaze!

From everyone here at Club Poker, we want to wish you a joyful and bountiful holiday season. Merry Christmas and do not forget that the Winter Series kicks off today on PokerStars with 242 tournaments and $50 million in guaranteed prize pools. The new year is just around the corner, so start thinking about your 2020 poker resolutions.

Tuesday December 24, 2019 at 10:32 pm
Oklahoma Johnny Hale passes away at 92

Oklahoma Johnny Hale -- an old school poker player, author, and gambler -- passed away at the age of 92. Oklahoma Johnny worked diligently to bring players into the game of poker over the last several decades. He's also the author of the 1999 book "The Life and Times of a Gentleman Gambler: Oklahoma Johnny Hale on Poker and Las Vegas".

Wednesday December 18, 2019 at 12:13 am
Mikalai Pobal wins 2019 EPT Prague for €1,005,600

Belarus' Mikalai Pobal picked off Hungarian pro, Norbert Szecsi, to win the 2019 EPT Prague. Pobal faded a field of 1,154 runners to win €1 million and become the latest champion on the European Poker Tour. Pobal joined Vicky Coren as the only dual winner on the EPT. Pobal shipped the 2012 EPT Barcelona and waited seven years to take down his second EPT crown.

Saturday December 14, 2019 at 11:08 pm
PokerStars Winter Series begins on December 25

PokerStars will host their third-largest online series of the year with their annual PokerStars Winter Series, which begins on December 25 and lasts nearly three weeks with over 242 tournaments with $50 million in guaranteed prize pools including a special Sunday Million with a $3 million guarantee. At least 34 events have a modest buy-in of $5.50, while 47 events are catered for high-stakes players with buy-ins costing $1,000 or higher. The Main Event has three tiers with $55, $530, and $5,300 price points.

Thursday December 12, 2019 at 11:43 pm
2020 WSOP will run May 26 to July 15

The World Series of Poker announced the overall dates for the 51st installment of the WSOP at the Rio Casino in Las Vegas. The 2020 WSOP will begin on May 26 and run through July 15. The prestigious $10,000 buy-in Main Event kicks off with four opening flights starting on Day 1A and concluding with Day 1B on July 4. Despite the rumors, the WSOP will remain at the Rio Casino for at least one more running.

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: