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Fixed-limit also called just Limit is a type of betting structure for a poker game where the amount of all bets and raises in any given betting round is fixed. This is in contrast to pot-limit and no-limit betting. Most commonly, fixed-limit games have two bet sizescalled the small bet and the big bet. Such games are usually written as having limits of "small-slash-big". In Hold 'em and Omaha games, the big bet is usually twice the size of the small bet, though in other variants such as 7-Studit may be more.

Reddit crypto currency trading lundekvam betting

Reddit crypto currency trading

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That's a little over four times the price of an Apple share. After the price settled, it then rocketed once more when Reddit wanted to make it the GameStop of cryptocurrency. David Gerard is one such skeptic. His most recent focuses on Libra , Facebook's ill-fated attempt at digital currency. All of this is about the psychology of get-rich-quick schemes.

In his years working as an IT systems administrator, Gerard's job has been to examine new technology and discern what's useful and what's not. Cryptocurrency, he told me, is not. This is the allure of "shitcoins. That's no exaggeration. Cryptocurrencies are mined using powerful computers, and many enterprising types put together farms of computers used solely for the purpose of mining Bitcoin.

As a result, Bitcoin is responsible for more energy consumption than Switzerland. Gerard says the only thing you can do with Bitcoin is buy it and sell it. He's even harsher on altcoins. Even by the standards of Bitcoin, altcoins are useless," he said. This is precisely what makes them so fascinating.

Seemingly, all they can do is get internet punters to bet on their success. But this enables average people to become rich. That Meme coin I mentioned before? Crypto Spider has made millions with altcoins. Crypto Spider isn't his real name. Like most people in the cryptocurrency community, he goes by a pseudonym. He's gained renown in some Telegram groups over the past few months thanks to a "2K to 1M" challenge, where he endeavored to see how quickly, and with how few trades, he could turn the first number into the second.

In cryptocurrency, you can follow someone's portfolio if you have their wallet number, so the community was able to watch this challenge play out in real time. Like Adam, Crypto Spider has no background in finance or trading. He lists college courses in game theory, basic algorithmics and some economics as useful to his crypto exploits -- but in essence he's a self-taught amateur.

He declined to tell me his specific age, only that he was "20ish" when he first got into cryptocurrency in He admits he was attracted by the "pretty numbers," by seeing coins magnify in value 30, 40 and 50 times within a short period. He was enthusiastic enough to start a university club around cryptocurrencies, and how they'd be used in the future. Crypto Spider says cryptocurrency will play a "major part in the future of finance," and speaks with the passion of a believer.

He breathlessly transitions from how cryptocurrency is a part of the internet's evolution to the possible use cases of blockchain , the technology behind Bitcoin, in the next 10 years. But despite his enthusiasm, I couldn't help but notice how chunks of what he said echoed Gerard. Cryptocurrencies are mined using powerful computers. More emissions are produced by global Bitcoin miners than by the entire country of Switzerland. For one thing, he looks back at all the projects he was excited about in and realizes most were almost entirely vaporware, technology that's advertised but never delivered.

Gerard calls the cryptocurrency community a pool of scammers. Spider notes that people often invest in altcoins they know don't have a function, because there's enough hype around the project to make money. I somehow was able to game all the other people. He first approached cryptocurrnecy trading with the mentality of, "I'm young, I'm dumb, I can lose all my money and it'll be OK. Again, it reminded me of something Gerard said: "If you're rich enough that your money is your own problem, fine.

If you know zero is a number your investment could go to, fine. People really are getting ripped off. Difficult to regulate and subsisting largely on hype, cryptocurrencies are particularly prone to scams. Those are two of the biggest instances of crypto-fraud. But millions of dollars are scammed from cryptocurrency markets every day in less dramatic ways. Coins are suddenly discontinued, with owners taking all the money with them in what the community calls "rug pulls.

Other times, entire cryptocurrency exchanges -- which sell coins like a stock exchange sells stocks -- vanish. A lot of people are taking on pseudonyms, because they're almost all money grabs. Coming into wider use in recent years, deepfakes are mostly used for pornographic purposes , but as the DeTrade scam shows, deepfakes can also be used in financial scams.

OneCoin founder Ruja Ignatova at an event for the "revolutionary" cryptocurrency. Ignatova disappeared around the time OneCoin was discovered to be a fraud: The cryptocurrency the company sold didn't actually exist. Ignatova has yet to be found. In other words, the capacity of a post to garner more upvotes relative to its downvotes would determine whether it pops up on the homepage feeds or search results.

Furthermore, you can filter the content available on your frontpage by choosing from other tabs available on the site. While contributing to a Subreddit, be sure to follow the rules governing the conduct of its members. Each Subreddit has moderators who volunteer to set rules of engagement, picks designs, and have the responsibility of kicking defaulting members out.

For instance, some strict Subreddits may not fancy links and spam messages. And so, moderators may ban members found breaking such rules. Although these individuals are responsible for managing their respective Subreddits, the Reddit team governs the entirety of the platform. Hence, they have the power to remove moderators, ban users from contributing to the platform, and alter the governing rules of the platform as they deem fit.

Reddit Supports Various Means of Communication One of the reasons why crypto practitioners love using the Reddit platform is because it allows users to post videos, links, texts, and pictures. With this, users can pick the most suitable way to explain a situation and educate other members. This notion is particularly true for Subreddits, which members post crypto charts and crypto tutorials.

They can either post videos directly or submit a link to a YouTube video. The Crypto Community on Reddit Are Voracious Consumers of Information Crypto firms and news platforms are aware that news probably filters through the Reddit platform faster than other social networks. Hence, they have dedicated resources to tracking the happenings in crypto Subreddits to gain insight into the sentiments gaining steam in the crypto community. With this, they can gauge the type of services or contents that strikes a chord with the crypto community.

Crypto Reddits is the right platform to build a strong personality in the crypto space Crypto experts contribute to different crypto Subreddits regularly, to boost their visibility. They know that the more they post meaningful and insightful information relating to cryptocurrency, the more people would revel in their knowledge and trust their judgments. Needless to say, this bodes well for them and their affiliate firms and projects. Having introduced you to the various workings of the Reddit platform and its growing popularity in the crypto community, this section will explore factors that you should consider when choosing a crypto Subreddits.

So, it is imperative to consider the crypto niche the Subreddit tackles or discusses. In light of this, it is advisable to determine the core requirements to succeed in your chosen crypto profession or niche. Then, ensure that your chosen Subreddits offers resources that will help you scale these requirements.

Take for instance a crypto trader. He is aware that he would need to access prompt and reliable news, quality crypto signals, information portals to crypto exchanges, and development reports relating cryptocurrencies that make up his portfolio. Having collated his core needs, it is safe to say that the Subreddits that best suits him are those which are the best crypto exchange Reddit.

It is not enough to join a Subreddit that facilitates discussions that relate to your chosen crypto field. Instead, we advise that you explore the activity of the Subreddit and gauge the willingness of the members to contribute to the community. Chances are, Subreddits with more subscribers would offer little or nothing to your crypto activities. Therefore, rather than subject yourself to a harrowing experience on these Subreddits, it is advisable to take the time to verify its members' responsiveness.

Regardless of the buzz trailing your favorite crypto Subreddit, it is certain that you will quickly lose interest if you find it difficult to encounter meaningful posts. This notion also comes to play if the members of the Subreddit are not open to utilizing various means to pass their message across. For example, explaining technicalities that relate to crypto mining might entail visual representations or videos. If the so-called experts in your Subreddit are reluctant to disseminate knowledge via tutorial videos, it might take extra effort on your part to decipher explanations presented in text format.

Therefore, we advise that you ascertain the flexibility of crypto Subreddits and the quality of discussions found on them before joining one. Hence, you should verify that the Subreddits have established guidelines that keep comments and submissions clean, and at the same time, do not ruin the fun.

By so doing, you can rest assured that there is no reason to fear backlash whenever you are about to air your opinions or arguments. Besides, moderators must do all they can to ensure that members are not being bombarded with scam projects or spam messages. With this, users can, to an extent, trust information emanating from the Subreddit. The Beginner-Friendliness of The Subreddits One of the reasons why people join Subreddits is to become a part of a community of individuals who are willing to share their knowledge and disseminate information.