/biz/ - Business & Finance

>>18136198
just buy chainlink retard

>>18136198
>My plan is....
I will give you a piece of advice
There aren't too many "bad" plans
The issue is people underestimate the dedication necessary to execute
Good luck

>>18136198
>With enough discipline and dedication (this is the hard part), one can easily make $100K/year.
Good luck not tilting off your roll after you go on a cooler.

>>18136214
Pretty much this. I used to grind online poker, 4-5 tables at a time for hours on end. Put my last $20k into LINK and now I’m at $100k. Much less stress too

>>18136312
t. doesn't know what a cooler is

>>18136214
I'm assuming that is a cryptocurrency? I've been out of the loop for a while. I plan on getting into that as well, but I need a bankroll first.

If you can play live. It's still stupid soft. Online is difficult. If normies ever get back into full force it'll print money.

If you're a high level autist you can beat online, look at jungleman. These dudes study GTO ranges and charts for hours a day. It's brutal. Would not recommend.

Tl;Dr don't quit your day job

>>18136312
i think you mean downswing

>>18136376
suicide stack is 1k linkies
make it stack is 10k linkies
if you can throw $2000-$3000 into it now
lurk more on this board. good luck anon

>>18136397
Yes, live is arguably more profitable for most people, but it has several disadvantages, such as having to be at a smelly casino with disgusting boomers all day. Online is more comfy if you're good enough. Also, the ceiling for $/hour is higher for online unless you're playing super nosebleeds which have crazy variance and require huge bankrolls.

>>18136198

Don't do it. The only time to play poker is when there is no rake (IE home games.) The only person who makes money in casino poker is the casino because every pot they're stealing the profit that would have gone to you by playing perfect ABC poker (no mistakes).

>>18136454
I don't know what any of that means. I would have to do my research and properly educate myself on these things before investing, which I plan to do.

>>18136512
This is just not true. If everyone played perfectly (GTO), then yes, everyone would lose money due to rake, but that is far from the reality. You can still profit from other people's mistakes. Home games are also very sketchy due to the risk of getting robbed, scammed, etc., and you usually have to be likeable and friendly to get invited, which I am not.

pokerstars PA is very, very beatable right now.

i've only played live before (2/5 cash, $~500 entry MTTs, and I can say that casinos being closed in PA/people having all this freetime is leading us to another golden age of online poker.

I found a loophole strategy that involves only playing suited connectors with prime numbers in them. It's like a glitch in the system.

>>18136355
You know he meant downswing. Quit being a semantics fag in your own thread

>>18136198
good luck beating russian bots.

nobody plays online poker anymore unless you play vs sharks who you know arent bots and they will easily rape you anyway so you're fucked either way.

>>18136198
Could I make 500 per week? Let’s just say I’ll put a couple of hours per day. Not only playing but reading and watching videos as well. Is it doable?

>>18136676
It will take a while to get to that level if you're starting as a total beginner. That's why I said it does require a lot of dedication. But if you're smart, it's doable for sure.

>>18136312
This youll flip a boat and will lose to a straight flush or some stupid shit and fucking tilt your entire bankroll away

card gambling is degenerate no better then niggers playing dice in the hood

>>18136777
I agree, it is degenerate. That's one reason why I want to get out of it as soon as I can. What else am I supposed to do, become a wagecuck? For an autist with no degree or marketable skills, this does seem like one of the best ways to break out of poverty.

>>18136877
youre on the /biz/ forum of a anime porn site where people talk about making money all day long. if you havent figured that out yet, youre a lost cause

>>18136877
You seem to be very greedy, hoping to have a passive income as soon as possible.
I think you are overestimating your skill.
Don't underestimate the other guy's greed

>>18136932
Yes, but you need to have money to make money, is that not true? How do I build my initial bankroll? Any wagecuck job I could get would be barely enough to pay the bills.

Also, I don't browse this board; I just came here to post this one thing. I know basically nothing about finance/economics. I would need to properly educate myself on these things first. I'm not just going to blindly follow the advice of some tards on 4chan.

>>18137001
I don't consider myself to be greedy. I am not materialistic at all and live frugally. I would continue to do so if I had money.

I just want the freedom to pursue my passions and hobbies without slaving away 40 hours per week making some rich fuck richer while I barely get by. What kind of life is that?

>>18136932
>buy muh linkies
>buy muh dip
Yeah it’s not the best place for money making strategies

I’m with OP on this one. If poker saves you from wagecucking, poker is what you have to do.

>>18137058
No one really likes the 8-5 shit.
I am quite similar in your way of thinking. All I can tell you is that high risk= high reward but also = high losses.
I wouldn't gamble if I were you. Cut expenses, save money and see into ways how you can make safe money returns.
Giving loans for example. Build up your cash gradually. It will take more time but it is guaranteed.

>>18137152
>Giving loans for example.
Talk about stupid ideas. And this is way more degenerate than gambling.

>>18137152
You can adjust your risk by adjusting the stakes you play. If you're good and smart with your bankroll management, your chance of busting is virtually 0%.
For example, I usually use a rule of 50 buy-ins for cash games, which is on the conservative side. If I go on a massive downswing, I simply drop down stakes and build back up. This requires discipline, which many players don't have, and that is what leads to them going broke.

>>18137152
Leaf here we have an app called lending loop where you can loan out your money to small business. You get to see they’re credit ratings and blah blah.
I’m like 100% sure the USA has multiple companies doing something like this.
>I was thinking about gambling too anon but I don’t think you will make that much money in the end. It’s not an income replacer it’s a game.
>invest in the stock market with options golf you want to gamble.

>>18137306
t. doesn’t understand the difference between poker and blackjack

>>18136397
I kind of feel bad playing live for sole purpose of profit. There are usually a few regulars who know what they are doing, but the easiest people to make money off of are poor folk who aren't too bright and have a gambling problem or are drunk. It's depressing.

One of my good nights money wise was after just robbing this 70-year old lady of all her chips then her getting pissed at me. Felt bad.

I actually enjoy it more when I try to outplay one of the players who know their stuff, but then neither of us can get enough of an edge over the other to beat the rake.

Poker as recreational activity is fun, but as a source of income (at least in the low level leauges) it doesn't create anything, diminishes empathy, and rips off those more desperate than you. Kind of like landlords, really.

Is a thorough understanding of pic related enough to beat Bovada/Ignition’s $.02/.05 or $.10/.25 Zone games? Please post thoughts and/or other useful books.

>>18137339
>>18137339
This. I can see that many anons still have these kinds of misconceptions. Although you can make semi-decent money at blackjack with card carding but you get banned so there's no point.

I'm telling you anons. If you are a intelligent but broke young man with no degree or career prospects, possibly autistic with poor social skills (I'm assuming this describes a good chunk of the people on 4chan), poker, live or online, is probably the best way to get yourself out of poverty.
Make your first $100K or whatever and then get out and something else. Or continue on. You can make millions if you're dedicated enough. But it does require a lot of dedication and study, especially nowadays, and that is why most people fail.

For anyone interested, there's a video training site that's doing free memberships for the coronavirus (I'm promise I'm not a shill).
https://www.runitonce.com/
Most videos will be fairly advanced and difficult to follow if you're just starting out. There are some videos geared towards beginners though.

>>18137657
This is the bible for a theoretical understanding of poker. Nowadays, it's all about solvers, though.

>>18137339
This. I can see that many anons still have these kinds of misconceptions. Although you can make semi-decent money at blackjack with card carding but you get banned so there's no point.

I'm telling you anons, if you're an intelligent but broke young man with no degree or career prospects, possibly autistic with poor social skills (I'm assuming this describes a good chunk of the people on 4chan), poker, live or online, is probably the best way to get yourself out of poverty.
Make your first $100K or whatever and then get out and do something else. Or continue on. You can make millions if you're dedicated enough. But it does require a lot of dedication and study, especially nowadays, and that is why most people fail.

For anyone interested, there's a video training site that's doing free memberships for the coronavirus (I'm promise I'm not a shill).
https://www.runitonce.com/
Most videos will be fairly advanced and difficult to follow if you're just starting out. There are some videos geared towards beginners though.

>>18136198
most people vastly overestimate their edge
can you beat the rake?

>>18137502
Yes, live poker is quite depressing, especially when you're doing it day in, day out. And I do often feel bad for some of the folks because they just have no idea how to play and I'm just taking their pension money or whatever. It's sad.

>>18137773
That is precisely what makes poker profitable. As for me, it depends on the stakes and site, of course. I'm not that good at the moment, but I plan to get better. I have a lot of experience, but haven't put in the study time that's needed to beat the higher stakes where you start to make serious money.

>>18136198
full of cheaters and 0 edge with high rakes.

>>18136198
>With enough discipline and dedication (this is the hard part), one can easily make $100K/year.

Lmao, you have no idea what you're getting into. With every passing year, the field becomes harder, and the game offers less money. Take a look at the earnings leaderboard for SNG's in 2019. Only ONE person made it over 100k in the world, and if you compare it to a decade ago, almost everyone on that list is deep into 6 figures, with some near 1 mill.

You will work harder at this than anything in your life against people who already have already clocked 50k+ hours, and you won't earn shit.

This isn't 2009 anymore where every dumbass is playing and throwing away their money. This shit is dead.

>>18137891
Yes, this is becoming increasingly true, which is why time is of the essence. My understanding is that the larger sites, such as PokerStars, are pretty good about counteracting bots. And at the lower and mid stakes, there's enough recreational players to make up for it. However, I would say the 2020's will be the last decade where online poker is a viable short-term career for some people.

>>18137913
You sure that's yearly? Is that PokerStars? If so, that is pretty sad. SNGs are for fags anyway though and they're dying.
Plenty of people make $100K playing NLHE cash, PLO cash, tournies, and live.

>>18138043

That's for the entire year of 2019, and on any site. Pokerstars is just the most popular.

>Plenty of people make $100K playing NLHE cash, PLO cash, tournies, and live.

Source?

And for the extreme few that actually earn something, how many of them aren't veterans like Jungleman that have been playing every single day since 2005?

>>18137058
>I just want the freedom to pursue my passions and hobbies without slaving away 40 hours per week

Nobody does. Just get over it and get a job

>>18137791
I keep reading live poker is where the money is at. Plus it’s an entirely different game altogether if you get the chance to study whoever you are playing against.

What sites you anons use?

>>18138477
where're you located?

>>18138487
Argentina, the only issue I have is I can only fund accounts through PayPal

>>18136198
Poker sites make their money by investing (gambling) your deposits on the stock market. They've all taken a hit as a result of coronachan. In the best of times they engage in account churning to prevent you from cashing out. I would expect those algorithms to be especially aggressive now. They might even set their skimbots loose to a greater extent than they otherwise would.

I played poker professionally for two years. I'll tell you the most profitable way to play poker is live.

I have 1.5m hands logged online. The bots are hard to beat. You have hand trackers, measuring pre-flop raise rates. You know when they're aggressive. You know when they tight. After about 200 hands, you have then pinned and know their style.

Live, it's just degenerate donkeys. Unfortunately the rake is so high that Vegas is probably the only rake that's beatable. Try to play against old asian guys who have too much pride. Play lower stakes like 1-2 or 2-4 games. That's where the noobs are. I wouldnt move up to 5-10 until you can wipe your ass with $10k+ and not give a fuck.

>playing poker on a centralized server against superusers

Idk but I know a guy who made 15 million off playing poker

Seems like a combo of luck and statistics to me

>>18138726
i dont get why anyone would still play online poker using real money in 2020. Like, unless youre a caveman you should be aware there are bots that play optimally and youre just throwing money away to play against an AI

Do something useful with your life instead of grinding a rather boring card game for 12 hours a day


By the time you're profitable you're not going to be having fun. And you could have easily set up some profitable online biz with the same amount of effort.

>>18138792

Yeah, I know daniel coleman as well. I messaged him on discord when he was playing animal crossing

For any of you that decide to waste your time on this shit, I want you to screenshot my post so you can look back on it.

When you've hit 10k hours of grinding and are still making nothing, I want you to remember that you could have used that same time to master a skill and would now be earning something decent.

I want you to remember sneed dabbing on you

>>18136198
there are no more fish, you cant outplay others who are already playing gto
>tl; dr its fun but nowadays impossible to generate income online

MMT's online while you have nash charts open and have studied ICM/know ranges down pat are very beatable still.

>>18136590
>pokerstars PA is very, very beatable right now.
Ugh I hate having to play on bovada/ignition. It's total shite

>>18136198
>The games are obviously much tougher
> The games are actually much softer
Pick ONE, you fucking spastic.

>>18137657
No. Bovada is very difficult to hack.

>>18136376
>Larping this hard

>ultimate high IQ autistic NEET job
Played poker for a few years. 90% of it has to do with reading your opponents moves and predicting their cards. 10% of it is having the better hand. Bad for autists because they suck at reading other people

>>18139630
not if you're online tho

Okay, I now realize that none of you, save maybe one or two people, have a clue what you're talking about when it comes to poker. I thought poker would appeal to typical 4channers and that there might be some current or former online regs here, but I guess not. It's in my best interest that most of you stay ignorant anyway.
I will not further waste my time with this topic. Thank you for the discussion.

>>18137738
>For anyone interested, there's a video training site that's doing free memberships for the coronavirus (I'm promise I'm not a shill).
>https://www.runitonce.com/

are you paying it now?

>>18140878
>thought poker would appeal to typical 4channers and that there might be some current or former online regs here

there are a few actually. I'm a former reg and I also got in touch recently w/ another former reg.

>>18136198
poker, especially online poker is a fucking garbage way to try to make money. Take whatever you have and invest it into literally anything else. I guarantee you'll make more money than you do in poker.

>>18136198
>This seems like the ultimate high IQ autistic NEET job.
Most popular job in the country for people with no college education working from home is actually people paid to do audio books.

>>18143217
lmao where can i sign on this?

>>18138726
based

>>18136198
My q is, if you study enough stats to win at poker, wouldn't you earn more working in fintech?

>>18143261
voices.com