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1301  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: January 01, 2022, 01:31:03 PM
Newzeland vs Bangladesh
New Zealand's players have been able to perform consistently. If we compare the Test match between Bangladesh and New Zealand, it can be considered as a one-sided match. Bangladesh won the toss and elected to bowl. At the end of the first day, New Zealand lost 5 wickets for 256 runs. I have seen the bowling of Bangladesh bowlers. They are not doing bad. Most likely, New Zealand's innings could end in 360.
Bangladesh might be an emerging team but actually, they are not at all improving them in test cricket, for them winning a test match at away venues is still more like a dream. New Zealand is the best Test team in the world currently, and to be very honest they aren't really performing like the best team currently, So I would say Bangladesh is doing okay in this match. I expected atleast 400 from NZ in the first innings, it still looks achievable but you are right an intelligent guess would be around 350-360.
1302  Local / India / Re: Crypto related questions are going to be asked in Winter session of Parliament on: December 31, 2021, 07:34:40 PM
Once again the cycle got repeated, many investors did panic selling listening to fake news here and there and now would be regretting their actions.

Yes, but the same investors and everyone else has got this chance of buying whatever they sold - because BTC, ETH - is still very low.

People were already expecting that the finance minister might not bring this bill in this session because there's way too many, and more important bills, waiting for their queue. Someone even asked the minister if this bill might get a chance to show up at all and the minister replied that they are very serious about this bill and it will come this time.

Whatever their intentions, it was quite certain from the start that they simply do not have enough time to get this bill questioned when more priority bills are waiting in queue.
I don't know what really decides the priority of the government. Maybe elections decide the priority of the government because most of the bills that are passed don't sound much like a priority to me. But yes one thing for sure that government isn't really in the mood to bring this bill on table, maybe they don't want to pass it in this way, because if the government is listening to views of stakeholders just previous month and bringing in the bill the very next month, I feel there were a lot of additions/ subtractions to be done in that. Talking about the price I am very sure ban or unban isn't going to affect the international market for a very long time.

I think it is a mix of everything. The current third wave situation, then the UP election and the last marriage age bill for girls above all the ruckus created by the opposition made thing much worse. I am sort of happy that the bill did not get passed yet but eventually it will and if it doesn't favour the community then things will again become more uncertain.
If you see it in terms of upcoming elections, I doubt bill would be able to go through anytime before 2024, we are having many state elections this year and after that in 2023 government won't take any risk keeping the 2024 general elections in mind because already too many set of people are somewhat anguished with the government, but yes things are too speculative currently for the Indian crypto community.
1303  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: December 31, 2021, 07:31:39 PM

England has tried everything. However, more batters should be engaged.  That's their main concern, although I'm sure they'll overcome.

In the meantime, a positive case emerged in the men's Ashes series. Test results were positive for match referee Boon. I think we should cancel the rest of the series anyway due to the Covid issue. Now that possible results are coming, even postponed the BBL.
England would obviously want some postponement for this series because the sort of form they are in it really looks too bad. Especially a team which was being considered the World's best team in ODI and T20 lately has been struggling badly in tests. Bowlers have still been somewhat okayish but batsman have struggled badly. stokes hasn't really been in best touch after coming back from the injury too.
1304  Economy / Economics / Re: NFT and art theft on: December 31, 2021, 07:28:24 PM
Today I found an interesting post on /r/Cryptocurrency about an artist who had to shut down his online gallery, because people keep stealing his works and turning them into NFTs - here's the original post.

NFT technology is legitimately useless, all it does is creating a unique token on blockchain that has zero meaningful connection with the thing it's supposed to represent. When you NFT is an url that points to a centralized site, it's really no different than buying a star or moon land from some scam company.

The artist said that NFT hosting sites refused to cooperate and remove the stolen art, but even if they were doing their job, it would still mean that the whole system is centralized and pointless. Deluded NFT fans like to say that NFT gives people the ability to "truly" own something, but in reality NFT owners own absolutely nothing and are at mercy of NFT hosting sites.

NFTs were said to help support the artists, but here we see how they did the opposite and forced an artist to close their gallery and reducing their chances of selling their art or getting commissions. The artists who are profiting from NFTs the most are the big names like Grimes who are already rich.
Obviously NFT technology is very very useful, it basically is the first use case of blockchain which has spread so widely into the real world economics and almost every one thinks it's very useful. Not only in terms of metaverse, in general also NFTs are going to be too popular due to their quality of storing digital art in a very secured form. Gaming, music, video industries are going to run on NFT only in the future.
1305  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: December 30, 2021, 09:12:10 PM
I have no idea why so many people actually thought that the current South African team could easily win against the current Indian team with their best bowler(Nortje) missing just because it's their turf. It's not always about the turf, toss etc people.

South Africa should simply try hard to avoid a whitewash or draw the series in my opinion.
Exactly my point, the home ground advantages work only upto a certain extent, they generally work when there are equally leveled teams each of them have upper hand in a particular thing, in this situation the home team tried to make the pitches as per their preferences and their strength which makes many results inclined towards home team, this just can't magically increase the strength of your team. It was mostly the English and Aussies who thought such a thing would happen.
1306  Bitcoin / Bitcoin Discussion / Re: How is the safest of the 'safest ways' to store Bitcoin? on: December 30, 2021, 09:07:01 PM
greetings to all, when I read an online news I was surprised by this news

Quote
Caucasians rob Italian citizens of money and Bitcoin in Bali with a total value of IDR 5.8 M.
 
Then, one of the perpetrators took the victim's six cellphones and another cellphone containing the victim's bitcoin account by asking the victim for a password.

"And if they are not notified, then the perpetrator will kill the victim's wife by sticking a knife to the victim's wife's neck. And then the victim will tell the cellphone password," he said.(english translation )
https://www.cnnindonesia.com/nasional/20211228141520-12-739596/bule-rampok-uang-dan-bitcoin-wn-italia-di-bali-senilai-total-rp58-m

the digital era requires us to save our money on smartphones, now more and more people are traveling with cellphones that contain digital money or even the bitcoins they buy. is there a safe way for us to stay safe from robbers when we have bitcoin assets on our smartphone, thank you
A safer way is to store your digital assets in some ledger or Trezor wallet and keep it at some safe and unknown place where no one could make even a wild guess about it. Moreover these problems have existed in every age, earlier houses of people were robbed when they had loads of cash, a simple recommendation is to keep a body guard if you think you are so valuable and are at risk of getting robbed.
1307  Bitcoin / Bitcoin Discussion / Re: Btc ban and fud its also financial market manipulation on: December 30, 2021, 09:02:38 PM
If any country do the fud it means regulations and ban.
Its a fud and fud is market manipulation.

Its fraud against other traders.
Fud is fraud fudsters will make price go down to buy cheaper to sell others higher.

Russia china and india are 3 countries now whos suspected of fud.
How the goverment can ban or place over you any regulations if those rules and regulations are only for profit for their own profit their own people its a corruption on highest level.

Any fud and regulations are fud and fud is made for market manipulation by constitution those who get involved in this they are involved in market manipulation.

Why do they show to us like they really protect people rights and do good things?
If its pure fraud to just manipulate markets are those country heads who make markets down will refund to those traders who are outside of those countries ?

Btc is most manipulated asset and shows that only those who are in power can do others whatever they want not by motivation of justice or order but only for their own gain.


I won't say that the governments are deliberately doing this to benefit or demeans some specific set of people, but yes apart from government, the news companies, the social media pages and almost everyone around us, they are just involved in manipulation of the market and I am sure they are heavily paid for all this, if you see market carefully, the biggest pumps happen when everyone is so bullish about the market and worst dumps happen when everyone is so bearish on the market.
1308  Economy / Economics / Re: Digital asset is for holding on: December 30, 2021, 08:57:09 PM
Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait
It's not about the patience, for most people it's about the daily volatility in crypto which they find too lucrative, they think because the market moves 5-7% easily each day it's just a cakewalk to make 5% each day which means in a month they can easily triple their money if they buy sell at correct points while holding might take them years to give such sort of returns. This mentality leads them to this vicious circle of buying and selling instead of just holding it.
1309  Local / India / Re: Crypto related questions are going to be asked in Winter session of Parliament on: December 30, 2021, 02:38:47 PM
Once again the cycle got repeated, many investors did panic selling listening to fake news here and there and now would be regretting their actions.

Yes, but the same investors and everyone else has got this chance of buying whatever they sold - because BTC, ETH - is still very low.

People were already expecting that the finance minister might not bring this bill in this session because there's way too many, and more important bills, waiting for their queue. Someone even asked the minister if this bill might get a chance to show up at all and the minister replied that they are very serious about this bill and it will come this time.

Whatever their intentions, it was quite certain from the start that they simply do not have enough time to get this bill questioned when more priority bills are waiting in queue.
I don't know what really decides the priority of the government. Maybe elections decide the priority of the government because most of the bills that are passed don't sound much like a priority to me. But yes one thing for sure that government isn't really in the mood to bring this bill on table, maybe they don't want to pass it in this way, because if the government is listening to views of stakeholders just previous month and bringing in the bill the very next month, I feel there were a lot of additions/ subtractions to be done in that. Talking about the price I am very sure ban or unban isn't going to affect the international market for a very long time.
1310  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: December 26, 2021, 07:32:05 PM
Very good day for India! 272/3

I felt like SA didn't bowl that well and kinda failed on their line n length but not taking anything from the Indian batsmen. They bided their time during tough conditions and left ball well, except koach ofc.

KL Rahul is excellent example that break is sometime good for you and team. Rahane sealed his position for this series.  Grin





This is the best thing I saw on the internet today  Grin Grin  KL Rahul proving once again that he can bat very nicely under responsibilities and new conditions, he is not far away from becoming a legendary cricket after Kohli retires, he is the only batsman who is becoming a key and consistent player for the team in all the three formats, no wonder why he is the very first preference is everyone's mind for the next captain. I don't know if it's just me or everyone but I think this South Africa team is by far the weakest team India has toured in the history of South African Test tours.
1311  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: December 26, 2021, 07:23:22 PM
ICC already slashed BCCI's share by 30-40% and I believe if by any chance ICC tries to dictate terms on IPL then its not going to sit well with the BCCI. What if BCCI feel threaten and decided to retaliate by ignoring ICC tournament. If it happens then all major brands also going to pull out, the best ICC could do is ban BCCI but we all know what would happen after that.

What you have posted is definitely true, but I don't think that it will be very ethical from the part of the BCCI to do so. They are receiving billions of USD from the IPL, and there is no justification to ask for a larger share from the ICC funds as well. Those funds should be evenly distributed (i.e equal amounts for all the test nations and a significant portion should go to the associate nations). There will be damage for the ICC if India pulls out of the ICC tournaments. But financial loss will be there for the BCCI as well.
Let's say ICC gives nod to another structural reforms on revenue model and every one is entitled (Test playing nation) to receive equal amount of money. for example $120 Million each.

Ireland's population = 5 million    Revenue contribution = 0.00001%  
India's population = 1.35 Billion   Revenue contribution = More than 70%  

Does that look logical at all? I don't buy this argument of "Equal amount" anymore. BCCI contribute 70%-80% of revenue and after collapse of BIG-3 model they gets 20%-28% of amount back, if you reduce BCCI share now then it would turn into modern version of colonisation in cricket. Where everyone sucking out resources from only one cricketing nation. BTW BCCI is only reason ICC is able to subsidise every associate nation atm and you really want to kill the golden goose?
Exactly the point! I have seen a lot of people criticizing how BCCI earns so much while other boards have to sustain with so little, the truth is BCCI helps ICC earns so much which is why it gets more, and if you compare the contribution it gives, it still isn't getting the equitable share.


What you have posted is definitely true, but I don't think that it will be very ethical from the part of the BCCI to do so. They are receiving billions of USD from the IPL, and there is no justification to ask for a larger share from the ICC funds as well. Those funds should be evenly distributed (i.e equal amounts for all the test nations and a significant portion should go to the associate nations). There will be damage for the ICC if India pulls out of the ICC tournaments. But financial loss will be there for the BCCI as well.

ICC knows exactly whats the financial worth of every board they talk with them accordingly. ICC and BCCI both goes hand in hand, since its ICC who stops cricket for two months for IPL. If India want more share from ICC then ICC need more cricket and new countries joining in. Its best in interest of Big 3 that new countries wont join the cricket eco system.
The problem is adding any country to the cricketing ecosystem isn't an easy task, reasons are
1. Cricket is not an individual sport which means if a player in any country no matter how fond he is of cricket wants to play at the international level, he just can't without the help of his cricket board
2. Let's say he is from some American country and joins team America, he will never be able to play at that level of cricket where the legends play therefore won't be able to improve up to that level.
3. Let's say if ICC keeps matches of Associate nations with Cricketing giants, they are not going to get much revenue, so matches would be non-profitable in longer-term making the whole point of cricketing business useless.
1312  Economy / Trading Discussion / Re: Kucoin vs FTX...which one do you recommend? on: December 26, 2021, 07:14:47 PM
And why?
If you are a versatile trader who likes to trade a lot of coins and find hidden gems to invest in, then Kucoin is a much better choice for you, Kucoin gives you tons of coins and some decent volumes in most of them, even though most of it is derived from AMM but anyways, FTX on the other hand, has limited coins but has very good volumes in all of them, primarily because they are just the top coins, moreover FTX brings a lot of derivatives for you, which is not the case in Kucoin. Even though all crypto exchanges have some allegations against them but if you would tell me to compare them, FTX has somewhat a better name & reputation for itself than Kucoin, but Kucoin is older than FTX so that sort of balances the game.
1313  Economy / Economics / Re: This why wall street are rich and you are poor on: December 26, 2021, 07:09:27 PM
Trust me, no matter how sweet this sounds but buying assets using borrowed money and investing them in the market as an individual is not only highly stressful but very risky too, As an individual people generally have just a limited number of income streams. Secondly markets are highly speculative, sometimes you will see them booming every coming month while sometimes you will see them touching new bottoms every month, this way it's hard to predict when is the right time to enter, so if you took a loan and entered into the market at wrong time, it's only god who can save you from all sorts of troubles you are going to face. This Rate of Return > Cost of debt theory looks good only in books and corporates, can't say it suits individuals.
It's always about limiting your finances to the payment you could make on debt no matter what happens to your investment. I always say that debt is there to create a wealth for you, what 10k worths today is not the same value next year, certainly not in 20 years. I have met with a lot of business owners who have debts that go as further as 25 years, that business will literally be paying debt they made today after 25 years, but that's great for them, why? Because the money they are paying right now may look a lot but after 25 years it will be tiny peanuts due to high inflation all over the world.

So, what you should do is get a debt that you know 100% you can pay with your salary or any other income you know you will pay, do not make your debt repayment dependent on crypto, if you know you get 1000 dollars as salary and spend 900 dollars a month, you know you save 100 dollars. You could always try to get 5k dollars debt, pay 100 bucks a month for 5 years and you got yourself a combined money, by the time 5 year ends your salary could even be bigger than 1000 and you would be paying very little.
There is a very tiny line of difference between gambling and business, Opening up a business by taking debt is entirely different than just taking debt and putting it into cryptos, it's not at all a wise choice to give everything in cryptos or let alone any market by taking up debt. This scenario is only true when the market itself is your business, if you are giving enough time studying each coin and its fundamentals or doing technical analysis and charting of every coin, such a thing cannot be done on the recommendation of others or just because you feel overall bullish about the market, moreover, no bank would give you a loan for putting money into crypto in the first place, non-institutionalized lenders are going to suck you up with interest and technically the returns would be very minimal in that case even if you are lucky to be correct.
1314  Economy / Trading Discussion / Re: How often do you change your indicators? on: December 26, 2021, 07:01:20 PM
As the title says, Do you change it quite often depending on how good or bad your strategy is going?
Or are you a professional trader who is loyal to his set of Indicators for each trade  Cheesy

Share your thoughts!
I am honestly too loyal or you can use the word addicted to my indicators, I do play by adding or removing one or the other, but the basic prime indicators remain the same always. It's just the additional indicators that change, whenever I see my strategy failing, I have generally been able to revive it back by tweaking the settings on my indicators somewhat here and there, changing indicators altogether is definitely something I haven't done and it's a bit frightful to be honest, it's like walking in an entirely new area, about which you know absolutely nothing.
1315  Economy / Economics / Re: The link between Bitcoin and the economy on: December 26, 2021, 06:56:56 PM
When we discussed the topic of Bitcoin and its decentralized nature and how it relates to the economy of the world, I lot of people seem to be confused about the place of Bitcoin in the economy.
First, we need to understand the nature of Bitcoin and also its legal tendency.
Bitcoin is a digital currency that is not controlled by any one individual or government that is why it is referred to as decentralized currency, secondly, Bitcoin is an asset just like gold that the reason most people adopt it for its economic benefits.

Bitcoin is an asset like gold? Who said this? Bitcoin is a currency and in that way, you can refer to it as an asset but you can't really say that its an asset like gold, in fact, I feel the asset mentality behind bitcoin is one of the prime reasons why bitcoin is not able to go mainstream as a currency is because of the price behavior it has, one simply doesn't want to spend it as a currency because they know it's value would definitely increase tomorrow. Talking about the economic benefits it has, I see only one prime economic benefit which is that it won't cause any inflation unlike the other fiat currencies and it's decentralized which means, the folks who use it control it.
1316  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: December 25, 2021, 07:18:39 PM

Football is regulated? Who said this? It's just that there is no single superpower in Football, the Barclays is equally popular as la liga and la liga is just about equally popular to copa America. This ensures that there is no power disputes among the countries, moreover football is much much more commercial than cricket, international tours are a rarity in football, it's all about the franchisee leagues and because all franchise leagues run at same time the scheduling thing rarely matters.

Slowly but steadily cricket will move to leagues as well. I don't think there is future of bilateral series anymore as players and boards are more interested in money rich leagues. But in cricket leagues only IPL is big fish rest of leagues are not that big. So even if cricket moves to leagues we will still see supremacy of bcci.
I agree with you on this, except for some major cricketing rivalries there is absolutely no comparison between the viewership that these leagues get and what these bilateral series get, even the bilateral T20 series don't get a lot of viewership if you do a direct comparison of it with any IPL match, same is the case with other countries and their leagues as well, so eventually this would happen for sure. International league tournaments like champions league might also become interesting if every country has good level teams.
1317  Economy / Trading Discussion / Re: How many consecutive looses can you handle in trading? on: December 25, 2021, 12:08:32 PM
It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.

An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?


I don't think it this way atleast for my trading strategy, number of losing trades, i generally look for a mental break from the trading, I mean if I consecutively having 3 losing trades, I will stop trading because I know I am carrying the emotional baggage of those 3 losing trades with me,a I take a long enough break to remove that baggage before I jump back in again. For checking the effectiveness of my trading strategy I generally look at a longer term scenario like how much is the winning %age in last 50 trades or 100 trades or last market phase. This is how I decide whether it's time to change the trading strategy.
1318  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: December 25, 2021, 12:05:05 PM

Revenues around the world of cricket are split entirely based on the viewership and popularity, in this case, also it's basically the proportion of salaries of players that the boards are earning, as we all know it's primarily the Australian and English players who dominate IPL it's obvious that they are going to get a much larger chunk as compared to others, Nepal board is lucky that they are having that one player because of which they are getting even this much amount because there are many boards which aren't really getting anything. But this type of revenue sharing with boards would ensure one thing that the boards would avoid keeping any international fixtures at the time of IPL to ensure that their players play in IPL.

Sandeep Lamichhane of Nepal remain unsold in ipl 2021 and that makes no associate country in ipl for the first time in 5 years. Cricket is not regulated like other sports football, basketball. Its big 3 that decides most of cricketing matters. It's ICC that closes its calender for ipl, so he must check how it's governed.

https://www.google.com/amp/s/emergingcricket.com/news/lamichhane-and-others-go-unsold-in-ipl-auction/amp/
Football is regulated? Who said this? It's just that there is no single superpower in Football, the Barclays is equally popular as la liga and la liga is just about equally popular to copa America. This ensures that there is no power disputes among the countries, moreover football is much much more commercial than cricket, international tours are a rarity in football, it's all about the franchisee leagues and because all franchise leagues run at same time the scheduling thing rarely matters.
1319  Economy / Trading Discussion / Re: You don't need to hodl a particular coin all your life on: December 25, 2021, 11:28:01 AM
How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear  Grin
The problem with this is what is bullish and what is bearish? The current price level of Bitcoin, what do you call it bearish or bullish? It's Bearish as far as I feel, but there is still a very big chance that markets will continue falling from here, So even if you enter, you can still lose your capital from here and regret that you could have waited for a better entry point, these are the reasons why holding a coin not for life but for a big chunk of time makes sense, you have no regrets because you made no actions, with selling and rebuying you are just inching closer everyday towards trading.
1320  Economy / Economics / Re: This why wall street are rich and you are poor on: December 25, 2021, 11:20:26 AM
They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.

U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.

If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.
Trust me, no matter how sweet this sounds but buying assets using borrowed money and investing them in the market as an individual is not only highly stressful but very risky too, As an individual people generally have just a limited number of income streams. Secondly markets are highly speculative, sometimes you will see them booming every coming month while sometimes you will see them touching new bottoms every month, this way it's hard to predict when is the right time to enter, so if you took a loan and entered into the market at wrong time, it's only god who can save you from all sorts of troubles you are going to face. This Rate of Return > Cost of debt theory looks good only in books and corporates, can't say it suits individuals.
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