Apart from the huge expenses involved in constructing the stadiums and other sports facilities, I can't think about any other negative from hosting the games. There is a debt the people should pay while conducting these games which means the taxes goes higher and it might even take decades to recover that loss. The prime example is the number of countries interested in bidding for the Olympic games and you will not find many countries throwing their hat especially with the financial struggles after the pandemic and i wont be surprised if France pulls out of the 2024 Olympics or the US from the 2028 Olympics. I am not sure about France, but I don't think that the US will pull out. Recently they announced a $1.9 trillion stimulus. You really think that they will have issues in spending 0.5% of that amount in hosting the Olympic games? Anyway, cost remains a concern for many of the countries. If things go on like this, then only the oil rich Gulf nations will be able to host Olympics (one of them is already hosting the FIFA World Cup next year). |
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I'm 100% sure that they have done a feasibility and profitability study on the project, this is something new and will benefit certain tribe of the region who I believe to be the ancestral tribe of that region, they are proud of their tribe that they have done partnership, they are targetting people from this region, based on the article they will also open an entertainment and restaurant venue to be announced soon, so there's a lot of happening around this project and could become a major tourist attraction.
I have not been into an Indian casino, I'm sure gamblers will be curious about this new casino because this is something many gamblers will want to see what this new gambling hub can offer.
If they setup a casino at that particular location, then the revenue generation is going to be huge. But the last time I heard, the state authorities are not permitting them to start the casino operations. The tribe and their partners have spent more than a million USD in lobbying for the casino, but till now they haven't got the necessary permits to start operations. |
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Most of the stunts that these people do are calculated risks and they almost already know the outcome of their actions. Elon can do stuff because of his SpaceX company which is a contractor of the US government so in a way, as long as their interests are met, Elon can do this online shenanigans.
SpaceX actually benefitted from the cold relationship between the United States and Russia. Previously Russia used to transport the American astronauts to the ISS, but after the relationship became thorny, Americans started looking at other options. And at that time, SpaceX was the only available non-Russian option. Both Tesla and SpaceX are benefitting from certain US government policies. If Elon had a strained relationship with the authorities, then Tesla/SpaceX would not have reached such high valuations. |
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I know it sounds odd and in fact I thought the same when I first heard it but it makes sense, I leave you links to this about the tourism during the London 2012 Olympic Games, it seems the number of international visitors went down but they spent slightly more giving a slight edge to the profits they had, but it was not even, most of that money went to the games while the rest of the touristic attractions suffered, so most of that money went to governments and other institutions while private enterprises lost money, so they did not benefited from the games in any way and if Japan does not accept international tourism the losses they will suffer will be huge. https://www.independent.co.uk/news/uk/home-news/london-tourism-struggles-during-olympics-7994159.htmlhttps://www.bbc.com/news/business-19907460Well.. London is one of the most popular tourist destinations, and therefore I don't expect much of a boost from the Olympics. On the other hand, Japan is not a top-tier tourist destination (due to a variety of reasons, primarily cost factor). The Olympics was expected to give a boost to the Japanese economy, which has been in stagnant mode for more than two decades now. But now those hopes have largely vanished. |
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Eterheum will require a 4x jump and why would that happen? Ethereum is a decent coin but for the most part it has facilitated the creation of thousands of coins of which at best we needed less than 5% of them and hundreds of millions of dollars have been invested in those coins and there is almost nothing to show for such a huge amount of money invested in them, so while there is nothing wrong investing in the coin there is no doubt that such a growth will not come soon and will require a 10x pump from bitcoin for that to happen.
Ethereum, as the first second generation cryptocurrency has its own place in the market. But I have a feeling that it's significance is going down with every passing day. Some of the coins that have used the ERC-20 chain have shifted to their own Blockchains, and due to the high fee many of the projects are looking for alternate options such as Cardano and Polkadot. The other projects are still in their infancy, but it is going to take some time for these projects to pose a challenge to ETH. |
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Of course, the size of this pandemic and its consequences are dire. However, measures to combat the coronavirus pandemic are no less destructive. Now the third wave of this virus is approaching and its more formidable new strains have appeared. When it will end is still unknown. From prolonged isolation and often job loss, people are increasingly beginning to protest tough quarantine measures. However, every cloud has a silver lining. From the forced idleness, people became more and more interested in cryptocurrency. Most likely, in this regard, the cryptocurrency is now growing well in price.
The authorities are caught between a rock and a hard place. If they impose further lockdown/quarantine measures, then the economy will get destroyed and their tax revenues will decline. On the other hand, if they don't take any concrete measure, then the death toll will mount (similar to what we are witnessing in Brazil right now). It is going to be tough at least until the end of this year, since the vaccine mass production is still not up to the mark. |
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That's what needed for one to feel, to be satisfied upon selling a portion of their holdings.
As long as you're happy and you know what you did at the current price which doesn't hit you mentally, that's what needed for you to look at. You're good and you can just buy it again which is part of what you've said and that's a good strategy.
There were many that sold theirs and don't plan to buy back those sold bitcoins that they've done. You sell some and hold more.
There is no point in selling your coins, if you plan to purchase them back at some point in the future. Because despite temporary fluctuations, the long term trend for Bitcoin is always positive. That means, if you are selling your coins then in all probability you'll be purchasing them back at a higher price. On the other hand, if you want to do profit booking, then it is OK. At one point or the other, we need to sell a part of our holdings in order to cash out. There is no point in not spending some of the coins, as long as you have enough holdings for the future. |
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He didn't even get chance to bat and you are already speculating about his failure or if he can face English bowlers or not lol. At least let him face some balls first or took guard.  I like KL Rahul in shorter format and he's been a gun batter for India in T-20 for quite some time and his IPL record is excellent but Surya Kumar Yadav also got terrific season so it was pretty bad from his perspective. I think Rahul was given enough opportunities and now the slot should go to someone else. He scored a total of 1 run in three matches so far. There are other deserving players in the squad (especially Surya Kumar Yadav) and these guys deserve a chance to be in the playing XI rather than someone who is having scores of 1,0,0 in consecutive matches. Just two matches remain now. If the management don't give a chance to the younger players now, then they will feel demoralized. |
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Despite the criticism of Tesla for buying $ 1.5 Billion of Bitcoin, I think the main reason for the decline in Tesla's stock price is not because Tesla
bought Bitcoin. Especially after Tesla bought Bitcoin in February, Bitcoin price continues to rise until now. Tesla investors should have known that
Tesla's steps were not wrong. In my opinion, Tesla's stock price has decreased because from the start it was overvalued, we can see that in
the past year, the increase in Tesla's stock price has increased significantly. So I don't agree that what Tesla did by buying Bitcoin had a negative
effect on their stock price. If I am not wrong, the net worth of BTC held by Tesla is around $3 billion now, which represents a 100% appreciation from their purchase price in January 2021. It is difficult to quote an exact figure, because Tesla hasn't released those numbers. But we can make assumption based on the date of their purchase. Some of the shareholders are angry, because they think that Elon made this decision (to purchase BTC) without consulting them. |
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First round of matches will be played on 24th this month. There are a few interesting matches, such as Turkey vs Netherlands, Serbia vs Ireland, Belgium vs Wales and France vs Ukraine. And more matches will be played on the next day (25th) including first outings for Germany, Spain, Italy and England. The Germany vs Iceland match will be worth placing a bet, since the latter is famous for upsetting big teams.
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And basically every player is more concerned about saving their place in their respective IPL teams rather than their national team. A lot of players are attracted to the huge sum of money that is paid in the auctions and performing well gets them retention which again gives them a lot of money.
It's much easier to get selected in an IPL team for local players and even get more chances than they might get in the national team which is another reason why players are more concerned about their performance in the IPL rather than when playing international matches.
I was watching the Afghanistan vs Zimbabwe test series and I love some of the talent being presented there. More test matches between these lesser known sides might bring more focus to international cricket than on the local leagues. I don't have anything against these leagues but the pride and respect one felt earlier by playing for their nation is now being lost.
I have to disagree here. International matches remain as the priority. If someone doesn't perform well at the international level, then he may not be able to get a good IPL contract. Also, getting selected in the playing XI for the IPL franchise is not that tough. There are 8 teams in total and they need to play at least 7 Indian players. That means a total of 56 slots, compared to 11 in the national team. |
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A government panel in 2019 recommended jail of up to 10 years on people who mine, generate, hold, sell, transfer, dispose of, issue or deal in cryptocurrencies.
And today is ...? 2021, right. I'm pretty sure we'll read in 2023 something like "a bill to criminalize cryptocurrencies was proposed in 2021 ..." And, btw, was if for the first time, in 2019, when the Indian government almost banned crypto? No. It's a never ending story, and I feel like we'll always have it with us, "India is going to ban cryptocurrency".  This time it is different from what we have in 2019, because the bill is already listed in the parliament website. The government seems to be delaying it slightly, so that the discussion will be taken up only after state elections (scheduled for next month) are over. Two of the southern states (Kerala and Tamil Nadu) are going to the elections and there are large numbers of cryptocurrency users in these states. I have talked to some of my friends from these regions and they are very angry with the government decision. All of them will be voting against the ruling party, due to this issue. |
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Even if the government do track your transactions with your bank, I think that there should be some kind of amount that you are going to reach before you can get flagged so if most transactions that you have are around the 3 digit in USD, I don't think that it won't raise some flags. I do agree P2P is the best but I think that the safety issue of dealing with stranger can be alleviated if you have some companion in the transaction and you do the transaction in a public place.
P2P platforms can be quite risky. I have dealt with some buyers (with 100% positive feedback) in P2P platforms and had very bad experience sometimes. The strategy adopted is very simple. They keep us waiting for 1 hour or more, claiming that there is some issue with the bank. Then they will mark the transaction as "paid" without making the payment. I am having years of experience in dealing with these people, so I immediately opened the dispute option and got my coins back. If some inexperienced user was in my place, then he might have lost his coins. And dealing with these people face to face is not recommended at least in developing nations. You don't know their criminal background. Once the transaction is done, there is always a chance that they will blackmail or threaten you, as your identity is known. |
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Unfortunately even after the second dose of the vaccine we won't be a 100% immune to corona. There will always be a remaining risk factor to still get infected by the virus. The major thing that the vaccine is providing us is that we won't get the severe corona infection anymore. With the vaccine we likely getting the mild corona injection, so it's more like a flu.
That should be the case, but we can't be certain. There are some mutant strains, which are proving to be very difficult to contain. The most dangerous one is perhaps the P.1 mutation first found in the city of Manaus in Brazil. Existing vaccines are not much effective against this strain, and it can infect even those who have undergone vaccinations (and in countries such as Brazil, less than 2% of the population has received two doses of the vaccine). |
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I got my first coins in 2014, when the price was around $600 per coin. I sold most of the original stash in the next few years, but earned some coins from signature campaigns and freelancing. If I had kept all of the coins that I earned, then by now I would have had around $250,000 worth of crypto (which would be a relatively huge amount in a country like India). But right now I have a fraction of that, since I sold most of the coins. I don't have any regrets. That's how life goes. If everyone hold on to their coins, then Bitcoin will never become popular.
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Governments take their power from their citizens. If the citizens don't like these decisions that their government has made, then they should be voting for another one in the next elections. I am not sure how it works in India though. Is there a democracy? I don't really know. If voting won't work then it is probably better to leave that country.
On paper India is a democracy. But democracy can be a burden, when the majority of the population is illiterate and can be manipulated with ease. The government first proposed a blanket ban on cryptocurrency ownership a few months ago. The cryptocurrency users immediately took out a massive campaign in the social media against the decision. The government supporters responded by starting their own social media campaign, painting cryptocurrency as something that is exclusively used by the criminals and the tax evaders. |
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Both alt and Bitcoin could give you profit it all depends on how you handle or manage it,
You just need to invest and get out at the right time,
Sometimes even holding them for a long time could also give you a huge profit you just need to choose carefully on which to invest.
IMO, this is not applicable for Bitcoin. It's future potential looks great, at least for the next decade. The same can't be said about altcoins. You can't hold most of the altcoins for the long term, because there is always the possibility of some technologically advanced coin replacing them from the market. In short, I would say that Bitcoin is suitable for both medium-duration and long-term holding, while alts such as Ethereum are more suitable for medium-term holding. |
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Nevertheless, the tax needs to be increased, and these unpopular measures should have been taken earlier by Trump, , because the US economy cannot withstand such a colossal load. Many here criticize governments' over-printing of paper money. But after all, there is no other way, where to get money and at the same time not to increase inflation. Trump, in the eyes of Americans, wanted to be a good president and did not dare to do so. And the debts continued to increase. Therefore, Biden will have to do this in order to improve the economy. In connection with the coronavirus pandemic, which has been going on for a year now, life has become harder for everyone, not only for Americans.
It has nothing to do with trying to contain the federal debt. I am 100% sure that the 4-year term from Biden will see a much larger increase in federal debt, when compared to the same under 4 years of Donald Trump. Trump was able to manage the financials even without increasing the taxes. And Biden is unable to manage them, despite raising the taxes. That is the difference between the two. Life hasn't become harder. But it will definitely become harder once Biden ends his term in 2024. |
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I'll have to disagree on this one, the majority of the countries are facing shortages yes, especially those in the European Union, due to late agreements from the EU. The United Kingdom hasn't faced any major shortages, nor has Israel, having forecasted the increased need from before it even got released.
Israel signed contracts with the vaccine manufacturers at a very early stage, and as a result they have been able to completely vaccinate almost 50% of their population until now. But that doesn't mean that there is a shortage of vaccines in Israel. If enough vaccines were available, then they could have vaccinated everyone in the country. The same with United Kingdom as well. So far they have administered two doses of the vaccine only to 2.4% of the population. |
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^^ I am glad to see that some of these players who were retired a decade ago are keeping their fitness level, i was expecting a normal tournament in the beginning but some are dominating especially Kevin Pietersen and if Andrew Flintoff was also in the team they would have won the entire tournament as they both can smash any of these bowlers out of the park as they are really fit and can smash the ball a long way.
Kevin Pietersen is the captain of the England side, but so far he has failed to perform (apart from the one match against India, where he made 72). Andrew Flintoff is currently working as a television presenter, and I don't think that he will find this series very rewarding in terms of financials. He would have made a difference for sure, as I have heard that he still works hard in maintaining the fitness levels. |
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