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Author Topic: Project 1BTC  (Read 1196 times)
memehunter (OP)
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September 27, 2024, 07:52:36 AM
Last edit: November 01, 2024, 10:18:14 AM by memehunter
Merited by davis196 (1), lovesmayfamilis (1), goldkingcoiner (1), TheGodson (1)
 #1

Hi, I have decided to make one bitcoin from zero and share my journey (hopefully regularly) here in this wonderful forum. I will be needing expert guidance, motivation, and encouragement for sure from the wise and experienced members.
To be honest, I am not literally starting from zero as I will have a place to work with a good internet connection and a device to access it, and of course my knowledge and experience. Given all that, what I meant by zero is that I will not deposit anything anywhere initially from my own pocket.
I do not have any timeframe in mind right now as I don't want to be rushed. This will be a learning-centric exercise aimed at improving skills and temperament, and I really want to enjoy the process.

My Plan: as of now!
Since I cannot deposit from my own pocket, I need some money to get started. And that is where my skills in poker will definitely come in handy. I consider myself a winning poker player (not making a lot but a consistent winner over many years) so I will be playing poker freerolls in order to get to the first couple of hundred dollars. If you also want to participate in some selected high-value freerolls, check my thread.
After that, I am thinking of investing in meme coins; at least this is my current plan. I will be grateful for any suggestions. If I manage to get to $1k, then many things (poker + trading + investing etc.) will go simultaneously. I am well aware that initially poker will be the main breadwinner and will surely take most of my energy, but it is what can give me a quick head start and a little support at later stages (I am not a high-stakes player, that's why I cannot do it by poker alone as it will take me much longer).
Anyway, enough talking. Let's start!
I will update as it progresses.





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September 28, 2024, 07:06:30 AM
 #2

Day one:
It was a day which began with hope as I managed to get 3rd place (out of 3000+) in a freeroll and got paid 843 INR ($10).

But soon things turned southward and I lost back-to-back on cash tables (bad beats). So all my winnings are gone and I have to start again. Lots of freerolls on Saturday (couple of big ones).
I have updated the main post. Wish me luck for today.
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September 28, 2024, 08:15:58 AM
 #3

If this is what you consider starting from zero then your journey is long and unrealistic, what you are into is much like gambling even though the money is free however you tend to loose all your earning. I will suggest you learn from the forum, do DCA and be realistic with your dream. Bitcoins worth investing with your hard earn money. No one will give you an award of starting from zero with unrealistic dream.

To be sincere with you, there is no hope that you will make money from where you hope to catch out to purchase bitcoins, what happen before that made you loose $10 will definitely happen again. You did not tell us if what you got paid with is withdrawable or is just a demo account you are running.
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September 28, 2024, 08:56:20 AM
 #4

You should have stopped after winning the freeroll.

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September 28, 2024, 09:08:34 AM
Last edit: September 29, 2024, 07:13:52 AM by Pmalek
 #5

I don't want to shatter your dreams, but it's not the best path to owning 1 BTC or any other respectable amount.

If you have a job, why not take a percentage of your salary and buy bitcoin with it? You can spend some more time building trust and expertise with your Bitcointalk account and perhaps join a BTC signature campaign. Alternatively, do some freelance work and gigs that pay in bitcoin.

Gambling sometimes leads to profit if you know when to stop, but as you have demonstrated, it can go south quickly. I see no logic in buying shitcoins and speculating that their value will explode. It's another type of gambling. Why not invest the money directly into bitcoin, without trying to find the next-best banana boy?    

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September 28, 2024, 09:17:10 AM
Merited by Don Pedro Dinero (1)
 #6

Since I cannot deposit from my own pocket, I need some money to get started. And that is where my skills in poker will definitely come in handy. I consider myself a winning poker player (not making a lot but a consistent winner over many years) so I will be playing poker freerolls in order to get to the first couple of hundred dollars.
After that, I am thinking of investing in meme coins; at least this is my current plan.

~snip~


I really don't know what could go wrong with your plan - playing poker and investing in meme coins in order to one day have 1 BTC Roll Eyes

Maybe you forgot one thing, and that is that now you need $65k+ for 1 BTC, in a few months you will need 10% or maybe 20% more considering that the price is rising. However, if you are very lucky in poker and manage to choose a meme coin that will explode overnight (and you manage to sell it), maybe one day you will be able to achieve your goal Wink

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September 28, 2024, 09:20:27 AM
 #7

Since your journey consists of gambling your way to 1 bitcoin, this topic seems more appropriate for the gambling board. Apart from that, I'm sorry to break it to you, but there's no way you'll ever acquire 1 bitcoin through gambling; that's approximately $70,000; have you considered how much money that is? You're way more likely to end up going into debt than actually earning any money. Currently, the best way to accumulate is by buying, and depending on your income, it will take quite a few years. I've personally accepted the fact that I'm unlikely to ever acquire a single coin, and I'm totally fine with that.

 
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September 28, 2024, 10:16:49 AM
 #8

I really don't know what could go wrong with your plan - playing poker and investing in meme coins in order to one day have 1 BTC Roll Eyes

Maybe you forgot one thing, and that is that now you need $65k+ for 1 BTC, in a few months you will need 10% or maybe 20% more considering that the price is rising. However, if you are very lucky in poker and manage to choose a meme coin that will explode overnight (and you manage to sell it), maybe one day you will be able to achieve your goal Wink

Trying to get to 1 bitcoin by starting with poker freerolls is like starting by picking pennies off the ground.

No one says the obvious? It's clear that buying would be the quickest way, but the OP has no money, and in the end the easiest way for him on the forum is to join signature campaigns and save whatever he gets paid. It could still take him years, but it's a start and he's sure to earn more than with freerrolls.

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September 28, 2024, 12:39:24 PM
Merited by memehunter (1)
 #9

If this is what you consider starting from zero then your journey is long and unrealistic, ......



I would not be so pessimistic. Calling things an unrealistic dream, you forget about the meaning of the word "dream" itself. I love the expression that sounds: be afraid of your wishes; they tend to come true. 
OP did not write any promises about the timing anywhere. But his one wish and his path to this dream, as well as a report on one topic, will be good entertainment for the viewers. There are no promises, disputes, or any other obligations. Therefore, OP, my thoughts are with you, and I wish you great luck and the fulfillment of your dream. Do not listen to bores who will dissuade you, because there is nothing more exciting than a goal that we happily achieve.

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September 28, 2024, 01:13:29 PM
 #10

That's going to be a tough journey for you if you'll source out your dream 1 BTC through gambling(poker) and memecoin investing. Actually, both of them are an actual gamble. Yes, memecoin investing is a gamble if you've got this goal. I'm not yet sure how this is going to be but if you're very courageous and uplifted with this plan of yours, go ahead and see the results after a month or two and see if you still have that enthusiastic spirit to go on and achieve this 1 btc. So, with that I'd say good luck to this plan of yours and keep us updated on how it'll go but I won't expect that there will be some good runs for the very first days.

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September 28, 2024, 01:44:00 PM
 #11

Day one:
It was a day which began with hope as I managed to get 3rd place (out of 3000+) in a freeroll and got paid 843 INR ($10).

But soon things turned southward and I lost back-to-back on cash tables (bad beats). So all my winnings are gone and I have to start again. Lots of freerolls on Saturday (couple of big ones).
I have updated the main post. Wish me luck for today.
This is a clear case of putting the pedal to the medal.
You started well and am sure your passion and knowledge so far in poker game will suffice, hopefully, you wont get discouraged when you encounter losses.

The journey to 1 BTC will require a lot of perseverance, consistency, patience and also emotional maturity to achieve, hence why this forum is a best place to belong to before daring such a venture, inorder that you have impactful responses from oldies in the times where you encounter resistance, because you will need some words of encouragement or advice from other peoples experience here.

We would also need some Proof of work, POW, as you make progress, perhaps you might be unknowingly inspiring some of us here to take similar bold steps and be successful in the end, in any other ventures including cryptocurrency related.

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September 28, 2024, 01:53:59 PM
 #12

On the first thought i guess OP just doing a casual gambling journey or making an investment journey like doing a DCA strategy every day but it seems upon checking on the other thread this guy is like a well skilled player so I guess with your journey its ideal to use a spreadsheet on the daily post of yours so not only to share with us but also for tracking at the same time if you will come to reach that milestone. It will take a lot of time if just a single source of income and having different pots of your investment is good to reach faster way that 1 BTC goal. Good luck to you!

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September 28, 2024, 02:32:27 PM
 #13

That's a tough one since I see gambling as a way to lose money. But in your case, you're not even starting with any capital, and you're already making some earnings. So, basically, you’re starting from free rolls; when you win, you'll use those winnings to grow further and eventually invest in Bitcoin, whether gradually or in one go—that’s your call. I'm not really in the position to question you since only you know your gambling abilities.

Anyway, good luck! You might be the first person I know to build up enough from free rolls and reach 1 BTC for investing. Wishing you all the success!

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September 28, 2024, 05:32:19 PM
 #14

Project to 1 BTC from gambling...? freerolls Roll Eyes

I smell that this plan is a bit crazy “sorry to say so” because I know that some people plan to get more bitcoin not in gambling but in other ways and in general buy regularly.

Even if you have skills in poker games for many years, it doesn't matter if you can prove in the future, but I'm not sure you will be consistent.

When it reaches thousands of dollars what if you are addicted and the money has been earned so much that it is played and lost?
Gambling is like that... it will always be hot and want to play when there is a lot of money let alone get it for free.

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September 28, 2024, 06:16:23 PM
 #15

The fact you are on your journey to gather 1 BTC and you start your day 1 with gambling is enough explanation that this will never be a positive result. You using your poker skills to get you started in this journey is the worst decision byfar I have ever seen. Sorry for being somewhat rude but this is more like a fun post then a serious journey. The chances of you making it to 1 BTC from playing poker or gambling is 0%, yes, you heard it right. Good Luck though!
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September 28, 2024, 07:23:55 PM
 #16

The fact you are on your journey to gather 1 BTC and you start your day 1 with gambling is enough explanation that this will never be a positive result. You using your poker skills to get you started in this journey is the worst decision byfar I have ever seen. Sorry for being somewhat rude but this is more like a fun post then a serious journey. The chances of you making it to 1 BTC from playing poker or gambling is 0%, yes, you heard it right. Good Luck though!
It may seem like discouragement to OP but literally the best advise. Using money gotten from gambling to invest is not to be condemned but that should not have to be the best possible option to build a Bitcoin portfolio. With what OP mentioned, this means all his time and means of earning will likely depend on gambling or meme coin which both are of great risk and require quite a good management.

Not just will OP find it difficult to make it as he outline but severe repercussion will be faced, some like addiction and quick losses, since he remains desperate for a win, this will intrigue him into going in full to be able to make huge wins and only cost him to return back at zero.

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September 28, 2024, 09:20:30 PM
Merited by Lucius (1)
 #17

Day 2 was average. I lost a couple of big ones but managed to get in the top 50 in a $1000 GTD and won $20. I also secured $1 in another freeroll.



I would not be so pessimistic. Calling things an unrealistic dream, you forget about the meaning of the word "dream" itself. I love the expression that sounds: be afraid of your wishes; they tend to come true. 
OP did not write any promises about the timing anywhere. But his one wish and his path to this dream, as well as a report on one topic, will be good entertainment for the viewers. There are no promises, disputes, or any other obligations. Therefore, OP, my thoughts are with you, and I wish you great luck and the fulfillment of your dream. Do not listen to bores who will dissuade you, because there is nothing more exciting than a goal that we happily achieve.
Wow! Thanks for the much-needed motivation. You presented my approach to this challenge in a clear-cut sense (I have to admit even I could not have presented it this well). The way you philosophize—I mean, I always get so much positivity from you (if you remember our previous conversation). Thanks a lot!

If this is what you consider starting from zero then your journey is long and unrealistic, what you are into is much like gambling even though the money is free however you tend to loose all your earning. I will suggest you learn from the forum, do DCA and be realistic with your dream. Bitcoins worth investing with your hard earn money. No one will give you an award of starting from zero with unrealistic dream.

To be sincere with you, there is no hope that you will make money from where you hope to catch out to purchase bitcoins, what happen before that made you loose $10 will definitely happen again. You did not tell us if what you got paid with is withdrawable or is just a demo account you are running.
I am trying to learn many things from this wonderful forum through wise and experienced members like you. Although I get the point, I will try harder. Regarding my starting point, I was indeed pondering many options like 0.001 to 1 BTC, 0.01 to 1 BTC, etc., but I thought it would be more interesting and relatable to the majority if I start with zero. BTW, you have a valid point here.
And about me losing $10 in winnings on the first day, it's just how poker works—you win some and you lose some—but if you make more right decisions, you will be in the green in the long term. So I will keep doing that until I reach a couple of hundred bucks.

The easiest, most convenient, and most effective way to obtain bitcoins is to buy them.

Gambling generally leads to a loss. You are unlikely to reach your goal through gambling.

Most shitcoins are scams. Investing in the ones that aren't is the same as gambling.

Trading is no better than gambling. Most traders lose all of their money.

If you are serious, your best plan is to earn money and use it to buy bitcoins.
Poker is not gambling; the same could be argued for well-researched investment opportunities like meme coins. I am not sure about your conceptual understanding of gambling, but mine says stay away from -ve and invest in +ve. Thanks for your insightful feedback. Stay tuned.

You should have stopped after winning the freeroll.
Grin

I don't want to shatter your dreams, but it's not the best patch to owning 1 BTC or any other respectable amount.

If you have a job, why not take a percentage of your salary and buy bitcoin with it? 
I do and I am invested in crypto for a decent part my portfolio.

I really don't know what could go wrong with your plan - playing poker and investing in meme coins in order to one day have 1 BTC Roll Eyes
Anything that can go wrong will go wrong, and at the worst possible time.' - Murphy's Law.
My only add-on is that it could also be said for 'right'. Grin

Since your journey consists of gambling your way to 1 bitcoin, this topic seems more appropriate for the gambling board. Apart from that, I'm sorry to break it to you, but there's no way you'll ever acquire 1 bitcoin through gambling; that's approximately $70,000; have you considered how much money that is? You're way more likely to end up going into debt than actually earning any money. Currently, the best way to accumulate is by buying, and depending on your income, it will take quite a few years. I've personally accepted the fact that I'm unlikely to ever acquire a single coin, and I'm totally fine with that.
I agree; with gambling, it will be too hard to achieve that. I wish I could find solace like you with my present financial condition.

Trying to get to 1 bitcoin by starting with poker freerolls is like starting by picking pennies off the ground.
At least it will be a wonderfully grounded start. Grin

go ahead and see the results after a month or two and see if you still have that enthusiastic spirit to go on and achieve this 1 btc. So, with that I'd say good luck to this plan of yours and keep us updated on how it'll go but I won't expect that there will be some good runs for the very first days.
Thanks for the best wishes  Grin. I will definitely try my best to be consistent.

We would also need some Proof of work, POW, as you make progress, perhaps you might be unknowingly inspiring some of us here to take similar bold steps and be successful in the end, in any other ventures including cryptocurrency related.
I will be adding more graphs and screenshots later on as I will have more data. Thanks for the positive vibes.

upon checking on the other thread this guy is like a well skilled player
Haha, I consider myself a barely average player (who knows a thing or two about the game Wink). Thanks for following my other threads.

Anyway, good luck! You might be the first person I know to build up enough from free rolls and reach 1 BTC for investing. Wishing you all the success!
Thanks for such hopeful words.

When it reaches thousands of dollars what if you are addicted and the money has been earned so much that it is played and lost?
Gambling is like that... it will always be hot and want to play when there is a lot of money let alone get it for free.
Thank you for believing in me that I can achieve that level of success (thousands of dollars Grin). I've definitely experienced what you're describing in gambling. In fact, it's possible in any financial endeavor, but gambling accelerates the process significantly. Poker, trading (especially the kind I suggest), and gambling share a similar nature in this regard. That's why I'm here among wise and experienced people like you to navigate the challenges that would be difficult for someone with an average IQ like me.

Sorry for being somewhat rude but this is more like a fun post then a serious journey. The chances of you making it to 1 BTC from playing poker or gambling is 0%, yes, you heard it right. Good Luck though!
Not at all! I like it hard and rough Wink. Thanks for making a distinction between poker and gambling. Many people usually miss that.

Not just will OP find it difficult to make it as he outline but severe repercussion will be faced, some like addiction and quick losses, since he remains desperate for a win, this will intrigue him into going in full to be able to make huge wins and only cost him to return back at zero.



 
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September 28, 2024, 09:32:23 PM
 #18

go ahead and see the results after a month or two and see if you still have that enthusiastic spirit to go on and achieve this 1 btc. So, with that I'd say good luck to this plan of yours and keep us updated on how it'll go but I won't expect that there will be some good runs for the very first days.
Thanks for the best wishes  Grin. I will definitely try my best to be consistent.
You're welcome.
Consistency is the key here, no matter how long it takes as long as you get something everything whether it's low or mid-range amount per day. That's how you'll be able to make it. I'll check this thread once in a while and see how you're progressing with this journey that you have started.

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September 29, 2024, 07:24:35 AM
 #19

Day 2 was average. I lost a couple of big ones but managed to get in the top 50 in a $1000 GTD and won $20. I also secured $1 in another freeroll.
If you subtract from that $20 the amount you lost in previous rounds that day, are you still in profit or did the day end with you spending more than you won?

Poker is not gambling; the same could be argued for well-researched investment opportunities like meme coins.
Poker is gambling. Meme coins are get-rick-quick schemes.

I do and I am invested in crypto for a decent part my portfolio.
I said bitcoin, you said crypto. Those are two different worlds and philosophies. Both use a blockchain in one form or the other, but they were created by their developers for different reasons.

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September 29, 2024, 07:53:44 AM
 #20

Day 2 was average. I lost a couple of big ones but managed to get in the top 50 in a $1000 GTD and won $20. I also secured $1 in another freeroll.
If you subtract from that $20 the amount you lost in previous rounds that day, are you still in profit or did the day end with you spending more than you won?

Poker is not gambling; the same could be argued for well-researched investment opportunities like meme coins.
Poker is gambling. Meme coins are get-rick-quick schemes.

I do and I am invested in crypto for a decent part my portfolio.
I said bitcoin, you said crypto. Those are two different worlds and philosophies. Both use a blockchain in one form or the other, but they were created by their developers for different reasons.

Yes, my updated balance ($21) is the profit even after an initial loss of $10 on day one, since I have not deposited anything in the first place.
Poker is definitely not gambling; it is a skill-based sport, and I can prove it to you mathematically. It is a PvP skill game where you can make +EV decisions every time, which is not possible in traditional gambling (you could argue for blackjack, but no matter how soundly you play, you cannot beat the house edge, assuming you are not counting cards). The same is the nature of meme coin investing; you have to research a lot to be profitable.
I know BTC and cryptos are different. All I want to show is that I have other coins apart from BTC, and to summarize, I used 'crypto' as a general term.
Thanks for showing continuous interest in this thread. Stay tuned.
 
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