Many people think they're invincible with AA KK in Texas Hold'em, but I personally think I always lose the most with AAKK. It's not because these hands have low win rates, but because they easily create a risk-reward imbalance.
Just like in the crypto world, the best narratives often bury the most people.
Two reasons:
1. Playing aggressively early on is useless if there are whales with more hands than you; raising won't faze them.
2. A large pot investment leads to high sunk costs, but if the board shows a flush, without considering stop-loss orders, you're easily taken out by the winner.
This is very similar to the current state of crypto. Your hand is completely exposed, while whales with unlimited hands always manage to seize opportunities to go all-in and win everything. Sometimes, what you think are good hands (good opportunities) can actually lead to total loss.
This is a point I mentioned when playing Texas Hold'em with my friends @Jtsong2 & @vanessaaal7 from 0G, the sponsor of #okxNewYearDinner. Just like in trading, sometimes you feel like you have an amazing hand, but there are two situations that have a high chance of being wiped out:
I had AA, and there was a whale like @joakja on the table who had won too many hands and was just there to see the cards. The board also showed signs of a flush, so I folded immediately.
Like trading, poker provides a lot of immediate feedback for practice. The current situation in the crypto world is even more like poker: whales can eat big fish, but they can also be eaten up by smaller fish due to mistakes. The only ones who are guaranteed to win are the rake (commission).