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1081  Economy / Gambling / Re: Bitcointalk Poker Nights Discussion Thread (private games for btctalk members) on: May 02, 2020, 11:44:45 PM
What do you guys think about bigger starting stacks for our qualifiers?

we discussed it a few days ago: https://bitcointalk.org/index.php?topic=5217547.msg54305039#msg54305039

yahoo62278, BitcoinGirl.Club, and Steamtyme (and myself!) supported the idea. i don't think 5k starting stacks would significantly lengthen the tourneys looking at the blind structure, but it would make things more splashy and interesting. blind level length seems much more important re time. i'd like to see 5k starting stacks, or maybe 7500 starting stack + increase the blind speed 2-3 minutes.
1082  Other / Archival / Re: Let's talk Texas Holdem poker hands and how to play like a PRO? on: May 02, 2020, 08:50:44 PM
The problem with AA is: In your mind you expect to win that hand 100% Grin In reality you have around 80% against any hand, so you will win 4/5 hands on average.

and that's when you isolate one opponent. lots of people limp or min-raise preflop with AA and end up in family pots, then they have trouble laying them down.

i'm beginning to see a lot of upside in playing with a LAG (rather than TAG) style. you can get really aggressive with monsters like AA/KK and still often get someone to call you down light. 6max is a whole different animal than 9max though.
1083  Economy / Gambling / Re: Bitcointalk SwC Championship Poker Series(50 mBtc added by SwC) on: May 02, 2020, 08:26:51 PM
i caught the last hour or so of the championship. that was a crazy game, lots of ups and downs! congrats to @Iv4n for taking it down in the end.

so, what's up with the next series? next weekend? bigger starting stacks please. Tongue
1084  Economy / Gambling discussion / Re: Best platform to practice poker on: May 02, 2020, 06:44:48 PM
I have been playing poker for the last couple of days, have lost a few mBTC within these days. I'm not an expert pokee player, I would like to practice it more. Is there any free way to do that? Any free platform you share would be a great benefit to me.

there's plenty of crappy free platforms like zynga, or you could use play money on pokerstars, but these won't improve your skills much or prepare you for real money play. it's the same as freerolls: nobody plays real, serious, poker with play money. they just act like donks.

on SwC, they have "no-rake micro stakes" tables. at the lowest stakes, the small blind is only 2 satoshis! this is a good way to play with real money while also not taking much risk. better learning environment IMO.

https://swcpoker.eu/
1085  Economy / Gambling discussion / Re: Poker talk - Specifically Hold'em - Hands and or strategy on: May 02, 2020, 06:32:53 PM
Quote
i have also seen quite a few tough hands with TT and JJ lately. always an overcard or two on the flop, and with aggressive preflop betting, larger postflop pots than i like to see in that situation. i need to crunch the numbers and work out a solid postflop strategy with 99-JJ. i'm beginning to feel like there are some holes to plug.
I hate these spots really. It really only gets worse when you are OOP. In position as the caller I call a flop bet, I feel most aggressors carry on with 80-100% cbets on those kinds of boards. So a lot of the time you are still good. The turn is iffy and really comes down to pot-odds and SPR, if you can afford it and they continue with a turn bet.

It's not bullet proof, but Ideally you just check call to the river if the price is good enough. You can generally get the feel for someone who starts to go for value, and getting bluffed off a lower pair isn't the worst thing as it won't happen all the time. I like the check call with 1 over, 2 or more and it becomes way more of a gamble. If you are OOP, this is one of the spots I've considered using a donk bet either on the flop or the turn. You can get a bit more information depending on whether they call or raise, sometimes you just generate the fold as they place you on a strong holding that hit

donk betting, there's a thought. it's never been in my toolbox really, but i may try mixing it in.

indeed it's these OOP hands that are toughest---barrelling creates huge pots and checking invites bluffs. sometimes i wonder if i should stop 3-betting TT/JJ so much preflop (at least OOP)......but then i flat and end up in a 3 or 4-way pot, terrible in terms of equity.
1086  Economy / Speculation / Re: Do you think the price of Bitcoin can exceed 10 thousand dollars at the present on: May 01, 2020, 08:43:16 PM
At a time when the world is in the throes of an epidemic and everyone's economy is in dire straits, I can't see any reason for the sudden rise in the price of Bitcoin. Do you think there is any reason for Bitcoin to go up so much?

so many people sold the bottom in march---that was the capitulation of the bulls. after the low volume rise of the past 1.5 months, the same thing is now happening on the other side, with bears finally capitulating and buying back in.

nothing is impossible when it comes to bitcoin, but i'm skeptical it can keep rallying at this rate. the current fanfare is gonna be difficult to maintain once the halving is over and done with.
1087  Other / Beginners & Help / Re: What can you buy with pure bitcoin? on: May 01, 2020, 08:13:39 PM
Incorrect. Big merchants like Fiverr used to accept BTC directly but had to abandon the practice due to the artificially created fee market caused by 1 MB blocks.

This is a known fact.
they did stop accepting bitcoin like some others like steam but it was because of the spam attack that caused the ridiculous fees not the 1 MB block size cap.

in all fairness, the two can't be separated. the block size limit (whether 1MB or 4MB) inevitably drives fees up as volume rises. we can blame it on "spam attacks" all we want, but the result is the same---high transaction volume leads to high fees.

steam removed bitcoin support in december 2017, at the height of the last bubble. i think bitcoin/altcoin speculation and transfers among exchanges were the culprit at that time, not spam attacks.
1088  Economy / Gambling / Re: Bitcointalk Poker Nights Discussion Thread (private games for btctalk members) on: May 01, 2020, 07:36:29 PM
Are there any hotkeys in SwC? Im always scrambling for the mouse? like F1 = fold or something.

I played before somewhere and that was an option

Maybe its a suggestion I can make to their Devs if they put F1 F2 F3 on the buttons so you can see it you can just use keyboard then (mostly)

in the browser-based version, i don't see any options at all. if you download the software, there are 2 settings:

options > settings > "bet using enter key"
options > settings > "hot keys"

you can set your own hot keys, but i think they can only be letters---no numbers or F keys:



Personally for all tournaments I wouldn't mind having a starting stack around 7500 - 10000. With a short late reg like 30 minutes. Most of the people playing seem to be able to make it work so keeping this shorter for reg/rebuys if available still keep the overall length down. You could go with say an 8 minute level and see how it goes.

+1. i would much rather see deeper stacks, even if it meant speeding up blind levels a bit more.
1089  Economy / Gambling / Re: ✅ SwC Poker ♣️ BITCOIN POKER ♣️ Hold'em✅ PLO✅ Mixed✅ MTT✅ ♣️ BBJ🌟 ♣️ BIG BTC🏆 on: May 01, 2020, 07:18:58 PM
why aren't there more satellites to the main event? there's only a single one scheduled for tomorrow. Roll Eyes

you guys should have run some super satellites.

SWC, logged in today after a long time and I see the short deck tab is blank.  You guys taking it out?

it wouldn't surprise me. outside of hold'em and omaha, there are never any games going. there are 6 tabs of cash games with zero action.
1090  Other / Archival / Re: Let's talk Texas Holdem poker hands and how to play like a PRO? on: May 01, 2020, 06:51:04 PM
Hey guys...  I think it's better to talk about poker hands in just one thread.  Steamy already made one and has a lot of good hand discussions in it.  And the hands are presented the right way too.

https://bitcointalk.org/index.php?topic=5214582.0

the more the merrier IMO. i want to see less dice and more poker on bitcointalk! more exposure for our private league, which i'm hoping will eventually run more like large field MTTs than multi-table SNG. Smiley

+1 on the hand history format though. proper format:

Quote
Dealt to Hero [Kh 9h]
Hero raises to 1200.00
Villain calls 900.00

*** FLOP *** [3h Td 5h]
Main pot 3375.00
Villain checks
Hero bets 2531.00
Villain raises to 8859.00
Hero raises 19526.00 to 22057.00 and is all-in
Villain calls 3766.00 and is all-in
Uncalled bet (9432.00) returned to Hero
*** TURN *** [3h Td 5h] [7s]
Main pot 28625.00
*** RIVER *** [3h Td 5h 7s] [Qs]
Main pot 28625.00
*** SHOW DOWN ***
Main pot 28625.00
Villain shows [5s 3c] (two pair, Fives and Threes [5s 5h 3h 3c Qs])
Hero shows [Kh 9h] (a high card, King high [Kh Qs Td 9h 7s])
Villain collected 28625.00 from main pot
1091  Economy / Gambling discussion / Re: Poker talk - Specifically Hold'em - Hands and or strategy on: May 01, 2020, 06:26:18 PM
*** HOLE CARDS ***
Main pot 5280.00
Dealt to hero [Kc Kh]
Hero raises 32448.00 to 32448.00 and is all-in

i've had a lot of this lately, QQ/KK into AA. it's tough because i've been playing mostly 6max---really hard to fold monsters when short handed and everyone is calling/raising light. SwC loves dealing out them cooler cards! Tongue

i have also seen quite a few tough hands with TT and JJ lately. always an overcard or two on the flop, and with aggressive preflop betting, larger postflop pots than i like to see in that situation. i need to crunch the numbers and work out a solid postflop strategy with 99-JJ. i'm beginning to feel like there are some holes to plug.
1092  Economy / Gambling / Re: Bitcointalk SwC Championship Poker Series(50 mBtc added by SwC) on: May 01, 2020, 01:00:14 AM
Thanks for the pw bro I already got it and registered too. So it will only have one winner, am I reading that right?

that's because there are only 3 people registered. the payout structure will smooth out as more people join. i assume the top 4 or 5 will be paid.
1093  Economy / Economics / Re: Get ready for more tax. Save your BTC! on: May 01, 2020, 12:50:52 AM
We see it everywhere. To counter that coronavirus disaster, governments are spending money like there's no tomorrow. Budget's deficit will rise to new heights, never seen before except during war times. In US and EU, debts are staggering. The Federal Reserve and the European Central Bank are printing money faster that I'm writing it. If you ask what's next, I'm afraid there's only one answer.

In most countries, governments will have no other choice but to raise taxes. They will have to be smart to avoid killing the economy, but they will need to bring more money to balance their budget (or more likely to reduce their operating deficit).

As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...

Or could I be wrong? There will be no more taxes next year?

eventually you're right, but in the next 1-2 years i think governments will be primarily concerned about getting economic growth back on track. they won't want to hamper that growth with tax hikes.

the push to austerity will vary from country to country. the USA can print a few trillion dollars without anyone caring, hence the stark difference between american and european stimulus packages. high debt-to-GDP countries like greece, italy, and portugal are more urgent concerns.

then again, the november election could shake things up. if democrats take control of the senate and/or presidency, i could see them repealing trump's $1.5 trillion tax cut passed a couple years ago.
1094  Economy / Economics / Re: The Corona Pandemic economic guessing game on: April 30, 2020, 11:30:51 PM
things look shaky for italy. their bonds were just downgraded again, just one level above junk bonds now. they are going deep into debt with bailout loans for businesses, similar to the USA.

given how modest EU stimulus has been so far, are we expecting an italian bailout, if push comes to shove?

this princeton economist doesn't think so:

Quote
To put this in perspective, European leaders are squabbling over pennies in deciding on the European Union’s next budget. Hence, at a time when the strongest European nations are weak, it would be a mistake to expect that they will rescue a financially failing Italy in a timely manner. And if the Italian financial fault line cracks, the debt defaults from Italy will cascade through the global financial system, causing damage that will be hard to contain.
https://www.marketwatch.com/story/italy-will-need-a-precautionary-bailout-a-financial-firewall-as-coronavirus-pushes-it-to-the-brink-2020-03-10

so italy is definitely on the watchlist.
1095  Economy / Economics / Re: Mining: Halving will destroy the half of us. on: April 30, 2020, 08:38:30 PM
But what if the price of bitcoin will suddenly soar?
Will that be enough for them to stay?

chances are the market will meet in the middle.

look at what's happening with price vs hash rate lately. the price has gone through the roof---up to $9k from the $6000s last month---yet the hash rate is actually dropping now. can you believe that? a couple days ago, difficulty was set to increase ~2%. now it's set to drop ~1% and it looks like it will continue dropping further. miners seem to be shutting down in anticipation of the halving, no matter how bullish the market looks now.

the lack of blocks the past 2 days has begun causing quite the mempool backlog:

1096  Economy / Economics / Re: Crisis after the epidemic on: April 30, 2020, 08:14:15 PM
i don't get it. why?
Its simple, think about all the retail shops that have been closed down for months. They are looking at huge losses and they need to recover these losses with time. So to do so they need to raise the price of articles in order to cover the same profit or break even in the close of this year or maybe stretched till next year Q1.

businesses can't just erase past losses by charging customers more. that's not how supply and demand works.

consumers are already spending much less because of high unemployment and low economic confidence. they will spend even less if business raise prices. that's a recipe for business failures.

what do shops do when they are desperate for sales? they put things on sale. one recent example of many:

Quote
‘It’s Black Friday in April’ as Closed Stores Get Desperate to Unload Spring Clothes
https://www.wsj.com/articles/its-black-friday-in-april-as-closed-stores-get-desperate-to-unload-spring-clothes-11587396524
Saks, Gap and others try deep discounts to move unsold dresses and shoes amid coronavirus, but people aren’t buying

We have had indigenous industries closing down and not being able to produce anything, they are taking the biggest losses, and they will have to cover it in some way. Prices of goods will thus rise but lets see what actually happens.

many will "cover it" by scaling down or going out of business.
1097  Economy / Gambling / Re: Bitcointalk SwC Championship Poker Series(50 mBtc added by SwC) on: April 30, 2020, 08:00:21 PM
Just got the password for sundays runner-up game. Thanks efialtis.  Smiley  I signed up right away, too. Looking forward to the game. Hopefully everyone who gets the password will also play along. Good luck to all participants.  Smiley

+1, just registered. thanks for hooking up the "losers" freeroll, efialtis! Tongue

i'm not positive i'll wake up for it, but i'm gonna try. there's a 500 chip R/A 10k GTD that runs at the same time, a little added motivation. with the limited MTT schedule, gotta take action where i can get it. i'm liking SwC and so fed up with americas cardroom lately.

good luck to those who are in the championship on saturday.
1098  Other / Archival / Re: Let's talk Texas Holdem poker hands and how to play like a PRO? on: April 30, 2020, 07:35:31 PM
I got Q10s (diamonds). 8d, Ah and 5d were dealt on flop. Although I didn't have any strong hand, I raised. 3 players folded while two called. Jd was dealt on turn. I hit the flush. I was sure that no one will have stronger hand if non-diamond card would deal on river so I raised twice. One of the two remaining opponent folded while other called. Now river card was dealt and it was Ac. Opponent had first turn and he raised to the pot amount. Now it was my analysis time, I made the use of my Time Bank and thought of all possibilities. I was sure about one thing, the opponent don't have AA because he was very calm in pre-flop. Players usually go wild in pre-flop if they get AA. So only possibility was Full House. I was continuously thinking is he holding two 5 or two 8 or one Ace and one 5/8. What made him playing so calm before seeing river card. Finally I reached the conclusion that he's holding one Ace and he's raising on 3 of a kind hand. So I went all-in and he went all-in too. Bang! He got K9s (diamonds) and I had Q10s (diamonds). That was the most unexpected result for me.

He was one of the best player I ever faced so far. Not giving away the hint that he had flush on river by playing soft and then raising on river to mislead the opponent.

it's pretty common for people to slow-play flushes in that spot then bet the river. K-high flush vs Q-high flush, always a tough cooler.

i approach with caution when the board pairs up like that on the river. i'm not folding there but i'm likely just to call rather than re-raise all in.

I haven't seen a thread in this section with a discussion about poker hands played in various Texas Holdem games by our members.

Here you are Wink https://bitcointalk.org/index.php?topic=5214582

granted, it's been dead for 6 weeks. Tongue

i was gonna pull up a few interesting hands i played recently but i've only been playing on SwC and my hand history wasn't saving. the in-software hand history is impossible to parse for starting hands. even if you can find a hand you're looking for, you have to manually replay and transcribe it yourself. Sad

oh well, it's saving now. i'll share some hands later.
1099  Economy / Gambling / Re: Bitcointalk Poker Nights Discussion Thread (private games for btctalk members) on: April 30, 2020, 07:07:34 PM
If you drop to a lower stack (e.g. you only have 15-20 big blinds left) your range of playable hands gets smaller and smaller. You should switch to a "push or fold style" with that kind of a small stack.

push/fold at 15-20 big blinds is overkill IMO.

even when i'm legit short-stacked (like 8-10 big blinds), i like to mix in stop-and-gos rather than just open shoves.
1100  Economy / Service Discussion / Re: Question about paypal and bitcoin. on: April 30, 2020, 06:37:45 PM
if you can find paypal offers on p2p marketplaces (localbitcoins, paxful, this forum) you'll probably pay a big mark-up over exchange prices. if your partner can withdraw the paypal balance to his bank account, he can deposit to an exchange and pay normal prices. that's probably the best way to go.
It all depends on sellers, but most sellers here on forum offer an option 1:1 based on prevv price, and some offers include a premium price so you can get more fiat for your BTC.

the OP (or his partner) wants to buy bitcoin with paypal. who is selling at 1:1 to a jr member with no trading history?!!

the standard fee for untrusted users in the currency exchange forum is ~ 20%+ right now. only green trusted and longtime users are getting 1:1 or paying 5%.

check out localcryptos. buyers using paypal are paying 25-50% over market: https://localcryptos.com/Bitcoin/PayPal/Buy

Regarding withdrawal money from PP to bank account, this is possible in some countries, but should take into account the fact that banks may share that info with tax administrations, and if that money is not coming from some legal source an awkward situation can occur.

obviously. the point was to explain that exchanges won't touch paypal, hence the large premium paypal users pay to get BTC.
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