Why do so many poker players trade Bitcoin?

The crossover between poker and Bitcoin has been apparent since the inception of cryptocurrencies more than 10 years ago.

Poker is a game of intricate strategy, emotional strength and mental endurance, all of which can relate to trading Bitcoin and other cryptocurrencies.

Unlike traditional markets, cryptocurrency is decentralised making it accessible to anyone. This means that being able to purchase, transfer and sell Bitcoin is incredibly simple, making it ideal for poker players who want to stake fellow players and transfer capital around the world.

But it goes far deeper than just being a handy tool that allows users to transfer money to their peers, as the key to being a successful Bitcoin trader is very similar to that in poker.

Bankroll management is critical. In poker, if you have a bank roll of $10,000 you would be foolish to enter a tournament with a $2,500 buy in as a couple of bad river cards would wipe the entire roll.

Risk reward ratio

The same theory works with…