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1481  Economy / Gambling discussion / Re: Gamblers that don't understand basic gambling concepts. on: January 01, 2023, 11:16:28 AM
If people understand the concept of gambling that easy, then maybe there will be less gamblers as well?

The thing is even if they have this concepts in mind, I think they will still go and risk and maybe play to have some fun only, or maybe the only concept that they will hold is how lucky/unlucky they will be in they gamble. Even in we take for example sports betting, you only look at the odds for the favorite and the underdog, and yet the risk for the underdog is high but there are still people who are willing to take the risk and bet on that long shot.
1482  Economy / Gambling discussion / Re: (Boxing) Kazuto Ioka vs Joshua Boxing Match Begins 31 December 2022 on: January 01, 2023, 11:01:00 AM
I look at the compubox numbers and it seems that it is also close, Franco throws a lot of punch, but Ioka is more consistent.

Nevertheless, since this is Japan so expect some biases judge in favor of the hometown hero. I know it's kinda disappointed to see a fight end in a draw with no winner and both keeping the belts, but the judge score is final here and will not be reverse in my opinion. Good fight though to end the year and most likely there could be a rematch so settle once and for all the winner between this two warriors.
1483  Bitcoin / Bitcoin Discussion / Re: Crypto (btc) is not for the weak on: January 01, 2023, 10:45:05 AM
I don't think this investors feared crypto's bear market for this year,  I mean majority of them have been here since the 2018-2020 crash so this is not new to them. And I do agree that there is no correlation between Bitcoin and the presentation laid out by the OP, so it's sort of misleading. The events listed is due to the bear market itself that we always suffered because this is how the market operates, so it's cyclical for them, and as the saying goes, sometimes to win, sometimes you lose. So they will take this lose maybe till next year, but then after that, in the next bull run, this individuals will then make a lot of, sort of rebounding from what they are going to right now.
1484  Alternate cryptocurrencies / Altcoin Discussion / Re: Interesting events in 2022 on the crypto market on: December 31, 2022, 05:49:43 PM
It's obvious that the Terra Luna was the first black swan and it really did harm the market, and then the finale for this year, FTX collapses pushing the market even further down to a new lower lows at $15k.

But as others said, we may have been tested for this year, but we are still and very much alive and very optimistic that we can pass this all over and then will go for another all time high and it could be the biggest and the first time in history, when we reach 6 digits in the next bull run.
1485  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Rank positions on CMC changes every bull market? on: December 30, 2022, 08:43:52 PM
What is the crypto projects in top 20 that will fail to retain their position in the next bull market? There is a saying that in every bull market new projects will take over the top 20, do you think another project can rob the positions that Avalanche, Matic, Polkadot and Solana tomorrow?

Yeah, that usually happens, in 2017's bull run, there are a lot of projects, very good one that is in the top 10-20. But during the bear market, some of them went -90% and was not able to recover in time and when we reach the bull run in 2022, they are either dead or just didn't get the support of their investors just like years ago.

So again, it's cyclical, it's hard to maintain position in top because the market is very competitive, only good projects like the obvious, BTC and ETH could remain, while the rest, their could be a lot of changed in the positions. And yeah, if there is project that offers another alternative to the crypto that you mentioned, they could be relegated down below and replace by new one in the future.
1486  Economy / Gambling discussion / Re: [Boxing]: Jermell Charlo vs Tim Tszyu - Jan 28, 2023 on: December 30, 2022, 08:23:32 PM
If Tim doesn't want a easy fight then yes, he can go after Harrison, but this time Harrison doesn't need to travel to Australia, they can fight stateside. But that is still up to them, again it's a high risk low reward for Tim and probably will like someone outside of the top 5 fighters so that there will be no derail on his fight against Charlo. Because if Harrison defeats him, then most likely the fight will Charlo will not have the safe effect obviously and it might not do good in the PPV as fans is not going to be interested anymore.
1487  Economy / Gambling discussion / Re: 2023 NBA Season on: December 30, 2022, 08:07:07 PM
Right now, Houston is in rebuilding mode, they are building young superstars like Jallen Green and Porter Jr. so Harden will be stealing the spotlight from them.
Those young stars will learn so much from James Harden as well, so it will be alright to steal their spotlight for a while. Harden has a lot of experience, if he can teach those young guns, maybe they will be successful in Houston. But if he goes back to Houston, Harden may delay his championship aspiration. He is already 33, I do not think he can wait for those two to major and get into their prime. Let's see this summer if he will pursue going back to Houston.
Latest news I could find is that Harden answered the rumours and saying they are doing great in Sixers as a team and he doesn't know where the rumours came from. But there were so many news about this, I don't think it could be just a rumour, isn't it? If this came true, it would be a very bold move. I don't think Rockets want this kind of trade. But, on the other hand, they have too many young and high potential players. Sometimes a team has a game plan, but sometimes the desired goal cannot be reached due to the inexperience of the players and sometimes the inadequacy of the players. Sometimes a team doesn't have any game plan but you rely on the skills and/or experience of the players but the desired goal cannot be achieved. Rockets has neither a game plan nor a talented and/or experienced roster. Young people in their hands do not have the chance to develop or mature in such an environment. The best that jalen green can get in his career is j.r smith, if he has the right pieces on his side. He plays like an ordinary player who doesn't have game intelligence, who trusts his athleticism and isolation games if he has a day. The sad part is that this man was selected number 2 in the 2021 drafts, ahead of Evan Mobley and Scottie Barnes. I find the Harden news for Rockets too unnecessary. He is also too old.

Probably it could have steam from Harden playing great again with the Sixers, and you know that there will be rumors surrounding him when his detractors find him very successful at least for him.

Nevertheless, I will agree that he doesn't have to go back to Houston, he is perfectly fitting into the Sixers system and this could be his last chance to become a champion with a prime Joel Embiid. He can't waste any more time as he is coming to a stage wherein in the next couple of years, his game could go down anytime.
1488  Economy / Gambling discussion / Re: Tennis League All Thread on: December 30, 2022, 01:04:44 PM
Theoretically the way I look at it is that Nadal and Djokovic have pretty much developed their
game to the max whereas the younger generation and in particular Alcaraz are still developing.

Could be, we are already in 2022 era, so most likely this old guard will have to retire because they have max their potential already. To the point that when they tried, their body is no longer responding to them, the way we see on Federer and then it starts to deteriorate, wear and tear on this body caught up with the. But the good news is that we have a new set of players going to take over from them.

I would like to think that Alcaraz in 2023 will be much better than 2022 and should pose more
of a threat to everyone including Djokovic.

I agree, by leaps and bounds, sure in 2022 he had a break out run, but Alcaraz would dominate next year just like Djokovic did when he was younger. So it's good to see the old and the young generations fighting it out in any of the Grand Slams for next year.

That is something to really look forward to. The older generation and the next generation are playing at a better level than they did 10 years ago. The older players are losing their energy more slowly than the players 10 years ago. I always find it interesting to see how a new generation grows up and how the older players slowly understand that their time is over.

We only have the last 2 standing, Federer has retired and it seems that Rafa might be the next one, his body is also not doing good specially in the surface that he specialized because it really put a lot of stress.

So it might just be Djokovic against all new comers, he could be good for at least 2 years to battle and fought against the young generations lead by Alcaraz. So definitely next year will be an litmus test for them against Djokovic and to some extend Nadal if he can still play at clay.

@kemarit I strongly believe that Nadal and Djokovic will both play at least for one more year, but in 2024 either one of them or both could possibly call it quits as their bodies are barely keeping up these days. Furthermore I’m keen to see who’ll be the long term champion, because so far I don’t see any consistency in the current set of player’s and which makes me wonder if the records set by these 3 will ever be broken?.

For me it will be Djokovic who might stay a bit as obviously he is the younger of the big 3 and his worst injury if I'm not mistaken was in 2019, but he was able to come back win another slam and it was smooth sailing for him tennis wise, (not decision wise though like his covid stance).

As for the new set of players, again this is just me, it could still be Alcaraz, and he could be the most consistent of this new breed of players who wants to take over as the news set of big 3. But I do agree though, consistency will be the key for them to stay on top and be competitive.
1489  Economy / Speculation / Re: Bear market likely over? on: December 30, 2022, 12:18:34 PM
In a bear market though, any positive news will not be felt, just like when we hear about Brazil's legalization, the price didn't move on the contrary, it just move sideways, meaning no effect at all and on the contrary, it just go down a bit as we speak.

But if this news happens in the bull market, for sure a minimum jump of 5% will happen as soon as this news was released.

Anyhow, bear market is not over, and it could stay for a the whole year, 2023.
I agree about 2022, but there are big questions about 2023. I believe we can expect something different in 2023, it's about market recovery. I am still very optimistic that the market will recover soon in 2023 and it is quite possible that $20K will be support then.

So far it seems hard to see the market moving more than 5% at any one time, but I'm not really expecting that now as I still want to collect more bitcoin at low prices. Either way I still believe that the current drop in bitcoin price is part of a cycle, and it will end. No doubt, this is coming soon and I hope you all stay on the same train, meaning don't sell during the price down.

I guess there's nothing wrong to be optimistic in the next year, after all we really don't know what's next for us in 2023. On the flip side, if there will be another bear market, then obviously it will mean a decline again, so it could be in along the $10k-$13k worst case scenario, or a few bounce and maybe $25k-$30k if there is some good news around.

So for the best thing to do in this kind of situation is just like what you said, accumulate as much as we can, and then be prepared on both end. If the price decline then take advantage of the situation. If the price goes up, then DCA and still look for the long term or at least the next bull run.
1490  Economy / Gambling discussion / Re: Max match & odd in Parlay/Multi on: December 29, 2022, 08:45:01 PM
By the way, some casinos offer live betting, and if a basketball quarter is a tie they pay x15, if you parlay 3 draws and win all of them that would be an x1000. But you need a lot of luck to win it.

I haven't seen 3 draws (tie score) though in an NBA games, so that is rare, but if you hit it, that's going to be a nice odds. Sportsbet offer 18.00 for a time score after the end of regulation pre-game bet, while Stake offers 15.00.

I think the biggest parlay I win is just around 7.x or higher in an NBA games way back, it's a 5 match parlay, and yes, we need a lot of luck to win that games and probably I was just fortunate.
1491  Other / Archival / Re: 2022 was the second worst year for Bitcoin on: December 29, 2022, 07:47:42 PM
I would go further and say this was the worst year ever for Bitcoin.  We've never seen such a prolonged drop below the 200 day moving average and it looks like it isn't done yet.  With the world readying for recession and Bitcoin seemingly falling off a cliff, things are going to be pretty dicey over the next 2 years.  I only hope that Bitcoin is able to survive and bounce back again.  It isn't going to be easy this time with CBDCs on the way along with plenty of regulation to try and rip coins from user's hands.  I will admit I'm nervous about this cycle, but we'll see what happens soon enough.

I can't remember but 2018 was much worst for me personally, but this year though, a lot of things really happen that really affected the market in general, and the thing is, we don't even have control over it. If the price change was due to FUD like way back, after a few days, and when things settle down, everything will be back to normal. But not in this case, a lot of event pushes the market even further and yeah, probably making this the worst year for us. But if I'm going to look at the price side, maybe the equivalent is that we will enjoy a huge success in the next bull run and yes, we might see 6 digits minimum.
1492  Alternate cryptocurrencies / Altcoin Discussion / Re: What are good AI coins to buy and HODL? on: December 29, 2022, 07:23:28 PM
Well I did a quick search on coingecko and the search came up with few top Ai coins and among them are-
*Matrix AI Network (MAN)
*Fetch.ai (FET)
*Artificial Liquid Intelligence (ALI)
*Vectorspace AI (VXV)
and many more, although I do not know anything about these projects yet so you should probably do some more research on any of them. To be honest, I never knew anything about AI projects until now. There are not much hype on these projects yet, perhaps they will be worth something in future.

Thanks for this info, but maybe just like the rest of us, I'm not familiar with this so called AI coins. I know that this is a recent buzz word in crypto as well and perhaps it was due to ChatGPT and other AI out there, but if you are going to look at it, this could be a hit or miss for us.

What I mean is similar to P2E in the beginning, it was one of the hottest and then it become crowded and only those who are prime movers like Axie did enjoy, but once it gets saturated, the market becomes messy. So this is still 50/50 to me so we should be careful if we are going to invest on them, just saying.
1493  Economy / Gambling discussion / Re: BANKMAN-FRIED PANIC GAMBLES TO REPAY DEBT on: December 29, 2022, 10:46:56 AM
~~~
Anyhow, he is in jail and there are news that there are death threats as well but we are not sure how reliable that news it.
~~~

Bankman Fraud is not in jail. He spent only a few hours in remand custody and was quickly released to "house arrest" by judge Gabriel W. Gorenstein. He immediately purchased a business class flight ticket to travel to his Palo Alto(California) home and is spending his time devouring gourmet seafood and doing online gambling. His parents have arranged top-class security for him, paid by stolen money. His attorney has announced that he will enter plea sometime next week. There are 8 charges of fraud and conspiracy against him and he has the option to either plead guilty or fight the charges.

Regardless though, I think he might be in jail for a long time if proven guilty, and it seems this might be the case. I mean, the US shouldn't allow this kind of personality to get a bail and then roam around and probably win the case.

I'm thinking he will fight the charges, either case, it's a lose-lose for him, in my opinion. And hopefully justice could be served here not just for those big investors he screw up, but just ordinary crypto enthusiast.
1494  Economy / Gambling discussion / Re: Gervonta Davis vs Ryan Garcia on: December 28, 2022, 09:34:05 PM
I'm not a lawyer but I'm thinking this scenario

1. Davis appeared in court, pleads No Contest and maybe the judge will just issue him a community service and pay?
2. Davis settle this out of court and pay the victim?

So possible that his tune up with Hector Garcia will not happened, but the biggest fight against Ryan Garcia can still push through around April-May if his lawyer can get him a good deal, without longer jail sentence, hopefully.
1495  Economy / Gambling discussion / Re: 2023 NBA Season on: December 28, 2022, 09:19:47 PM
Suns has clear rivalry with Dallas this season so we can say decently that they have an ongoing rivalry since there games always heated up especially when Luka and  Devin Booker has engage on trashtalks on their recent games.  But let see how far they can go since somehow its exciting to see Mavs vs Suns will face  on finals series.

I agree that facing these two teams in the Western Conference Finals would be interesting to see, but it's hard to predict at this point where they will meet each other in the playoffs. I mean that the Suns and Mavs' places in the standings could change significantly by the end of the regular season, given that they are currently in 5th and 6th place, respectively.

Well they can face in the second round of the playoff if everything sets up right, and would love to see that rivalry again.

As for Luka taking over the game, yeah, that's his forte, but I don't think he can do it consistently every night, and maybe he just woke up that day and feeling pump by the crowd and that's why they were able to come back in that rally. It's more of the Knicks thinking that they have this game already, but then become nervous when they see Luka coming and then that sequences of events that force the game into OT. And after that the Knicks are spent in the OT, letting the Mavs takes over the game from them.
1496  Alternate cryptocurrencies / Altcoin Discussion / Re: This is how altcoins performed in 2022 on: December 26, 2022, 10:49:42 AM
This has been one of my worst year with crypto, and that performance is a proof that bear dominates the whole year. Hoping to see at least a small progress for those top altcoins, we should see the recovery next year or else we might see another negative performance for many altcoins and even with Bitcoin. On a positive site, this could be a perfect timing to buy more good altcoins, they are still cheap right now so better to grab this opportunity.
Many lose their confidence about altcoins, and that is because of many negative issues with the top project before and seeing this percentage is a proof that the market is not doing well and one of the worst bear market. The next trend will surely about bull trend because we can’t stay bear forever so its good to buy some now, and maybe next year will be the start of a small pump that can trigger bull run.
While it is true that the market will at some point get out of this bear market this is not true for every single coin out there, there are many coins which will collapse before the new bull market comes and many others will remain flat even when an altcoin season appeared, with this in mind we must be extremely careful if your goal is to buy altcoins and then obtain higher profits than what you can get with bitcoin, as it is almost impossible to know which altcoins outside the top 100 will survive and which ones will disappear.

Dead to be exact, majority of them who has enjoyed success on the bull run because investors are blindly investing on some of them because they can give x amount of returns, which it did for some because that is the bull run.

But worst comes to worst, the bear market will eliminate everything that has been used as pump and dump scheme. So yeah, majority might die, and only the best coin survived with use case and has the support and consensus of the community.
1497  Economy / Gambling discussion / Re: [Boxing]: Jermell Charlo vs Tim Tszyu - Jan 28, 2023 on: December 26, 2022, 10:26:21 AM
Although Tszyu question whether Charlo's injury is true, there has been pictures of Jermell already in the social media,



https://twitter.com/Boxingego/status/1607209783890788354

No doubt, it seems that his injury is real and that fight is already in January 2023. We are happy that it's going to be a banger at the start of the year, unfortunately, this boxers are also prone to hand injuries even at sparring and training.
1498  Economy / Gambling discussion / Re: 2023 NBA Season on: December 26, 2022, 09:54:28 AM
Good win by the Warriors at home, beating their rival Memphis at Chase center. Jordan Poole lead the Warriors until he was ejected with this second technical fouls. Klay Thompson seems to be very hot in this game, he even taunts Dillon Brooks.

We love to see this kind of energy from the Warriors though, Thompson should lead the team if ever they will go on a winning streak this season without Steph Curry.

This two are bringing out the best out of them, according to Klay himself and it's good to see this kind of competition.
1499  Economy / Speculation / Re: Could this be the bottom of Bitcoin? on: December 26, 2022, 09:37:12 AM
I have to say all of the panic and worrying about the price of BTC I see online right now does remind me of the crypto crash of 2018. At some point in early 2018, I remember BTC dropping around 10k probably because of regulatory fears.

Yeah, very similar, with a lot of selling pressures this early like 2018 and the price really on a decline, remember ETH hitting $80 that time, very low and we thought that it will still go down.

There was also a lot of resistance from some financial institutions like JP Morgan back then that I think contributed to the pessimism. However, all the doubters were proved wrong; the blockchain and crypto were adopted globally by governments, organizations and financial institutions.
The point is, it all worked out and the correction was short lived. I predict the same correction again when the global economy starts a recovery.

But it took years before we can suddenly get over that 2018 feeling, 2020 covid-19 but then there was a sudden pour of price, thanks to Elon and then El Salvador as well being the prime example of countries adopting bitcoin. Hopefully there will be just another repeat of the history in 2024-2025 as we can see a growth and recovery.
1500  Economy / Speculation / Re: Bitcoin survived the Christmas market pressure on: December 25, 2022, 08:38:02 PM
The FED announcement has something to do with it if the price moves up to $20k sooner. BTC is related to what will be the economy be like as dictated by the FED.

We can only hope that there will be a recovery of $20.000, another 2 months I think before it could go up again. Winter will squeeze the money out of people's pockets. Do you think people using thier Holiday bonus to buy BTC?

And as far as I remember, with the FED pivot the price goes to $18k above. However, as soon as there is a FUD on Binance's reserves then the price goes down hard to $16k++ and that's where we are right now.

As far as going bullish this 2023, I highly doubt it, maybe a few occasional runs to $20k, but that will be the biggest resistant for now (usually whole numbers are), so it will be interesting a break out that could happen next year and so if it goes to $22k, we might be in a bullish phase, but let's see, really hard to predict as there are factors that can really affect the price movement.
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