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2061  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: January 27, 2023, 03:29:51 PM
Does not look so as India have managed to restrict the Indian total to 176 runs. These runs are not less but at the same time it is not such a score which is not chaseable. Not to mention at India conceded 27 runs in the last over by Arshdeep. This could be the turning point of this match.

I think Indian team were on top for the entire first innings but the last over changed the momentum completely. How strange is that a six on a No Ball, changes the complexion of the match completely. India will need to play well as the run rate required is just under 9 runs per over.
Indian bowlers were in good shape and not allowed Kiwis for having freely batting throughout their inning, but last over give some momentum to them, and they were able to have target like this even this is still achievable, but now we need some good effort from the Indian batting lineup as well because in this short format anything is possible so two or three good balls can change the match situation quickly but still I have feeling India will win this match without any trouble because right now they have disciplined batting line up and all are doing good job in last few weeks in both formats.

Just India started their inning and after the end of first over we have five runs on board which is good sign because always having boundary in first over is good for the batsman and batting side in chase.
2062  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: January 27, 2023, 03:21:02 PM
South Africa - England
Yeh I think taking decision of batting first is a wise choice because pitch are not bowler friendly so it's a great chance for SouthAfrica to build a strong target to defend, now the initial batter like De kock and the captain T.bavuma didn't score good to give a strong momentum to upcoming batter for good target. Now Van Der dussen take a charge and score a good partnership 71 runs with a klassen but now it's broken only van der dussen left with 70 not out . South Africa has totally 202 runs in 36 over while four batter are down
No doubt this was good decision by South Africa after winning toss having bat first but at the end their batsmen fail to set good target because right now as we have English batting lineup South Africa needs target around 320 to 330 which could be good for them but still we are going to have an interesting match with England having very good batting lineup, and they all are firing in last few months which is plus point for them but now how they will face South African pace attack it's interesting Rabada, Nortje and Parnell are also having good time to bowl at home against world champions.

Dussen and Miller are hero's for the South African batting as after having good start they have done good batting in middle and reach at the target of 298.
2063  Economy / Trading Discussion / Re: Has someone tried to use ChatGPT to help in trading? on: January 27, 2023, 02:25:11 PM
this so-called AI has nothing to do with the actual process of trading, nor does it have anything at all to do with predicting market movements.
In my understanding as well, this bot cannot be integrated to crypto trading as of now but I read that there are developments to code bots with the help of this special breed. I guess it would be like choosing an appropriate tool at right time. When this bot will be capable of solving the practical difficulties of manual trading, I guess there would be better chances for this to be sustaining with crypto traders.

Obviously the AI doesn't have to predict the future market movements but rather create a script based on the available market indicators and probably public scripts already coded by other traders or programmers.
Anyone can create any bot but what about the success ratio? Traders are deliberate on finding an effective bot which is the reason they are turning into AI technology now.
2064  Economy / Trading Discussion / Re: Your successes over the past 5 years on: January 27, 2023, 12:45:10 PM
if someone is not very lucky to increase their deposit, then you probably have accumulated experience
I agree with this point. Every investment may return us some profit or experience. But, there would be no point on harvesting only experiences out of subsequent attempts because if you are suitable for investing then you can get profits by making use of the experiences, you got from your prior investment attempts. But, there are unique opportunity with bitcoin investment to avoid bitter experiences as there are methods available to to see only profits.

I mean, those who opted bitcoin with long term goals, must have got chances to increase their deposits (still they got experiences but not from losses). Bitcoin is a deflationary asset and your investment will grow for 5x to 10x for every four years. Choose bitcoin investments with proper plans and avoid frustrating experiences.
2065  Economy / Trading Discussion / Re: Retracement will finally happen on: January 27, 2023, 12:15:01 PM
It only means that the supply there are so high and the price already exhausted where we can expect that the price may go down up to its major support in around $19,000 to $20,000. The Major resistance is so strong at around $24,000 to $25,000. The BTC should consolidate more for the price have strong momentum to breakout.
But, we have not tested around $23,700 levels for only once which means in my opinion, we can expect bitcoin market to keep trying to penetrate $24k to $25k levels before making a retracement. Yeah, it might be too early to expect for a retracement. Hopefully we are still in the middle of a short term bullish wave which may extend up to $27k levels in coming days.

Is it bad or is it good? Even though that the price will finally retrace, it only means a good movement for BTC because it will only confirm that we are already in bullish.
Regardless of whether it is good or bad, retracement is just part of every wave hence we need to accept and must look for perfect reversal point to make better DCA. We may not have bitcoin to break $20k levels; so we may keep buying around $21k-$20k levels.
2066  Economy / Trading Discussion / Re: Best strategy for Dollar Cost Averaging on: January 27, 2023, 11:29:10 AM
What is your best strategy for Dollar Cost Averaging, do you do it weekly, monthly?
What do you advice and why?
You may keep your investment habits as simple as possible like how I am doing. I mean there would be no compulsion for same amount and in regular interval. I am doing like a piggy bank saving; yes, I do buy bitcoins based on my available fund and based on my interest on buying and not regularly buying or not for the same amount. But, there are enough reasons why criteria for DCA emphasises these. Let me explain.

If you buy for a small amount during bull market and for bigger amount in bear market then your overall profit/loss level will get impacted heavily. Similarly when you are not buying at regular interval then you may miss any "ultimate bottom" levels.

But, when you are planning for long term holding like 5 years or 10 years then you never need to bother any of these criteria as bitcoin market will peak for every 4 years and you will be into profits after 4 years for sure.
2067  Alternate cryptocurrencies / Altcoin Discussion / Re: What makes you into crypto at the moment? on: January 26, 2023, 09:56:50 PM
That was then. I was initially into crypto right before the pandemic, so regardless of whether it actually happened or not, I would've probably stayed all the same. I'm still into crypto even after that dump since, well, I know what crypto is now and what Bitcoin could be (or is already). I'm more into using it as an investment, though I have used it as a form of payment method in the past a few times, but since those cases are rare, I wouldn't really say I'm into crypto for that.
It is of course a good decision to stay in even during the dump, because if you know enough about bitcoin, you would know that it may not be great for now, but it has a potential to go up and that will make sure that you are going to do well enough.

This is why it's quite important to keep doing as well as you possibly could. I know that it's not going to be easy, and I know that it will take some time, but at the end of the day it's going to be something that will be profitable if you wait long enough. I believe that it is going to be a very difficult job to do, and it is going to be tough to handle, but it is definitely not a bad decision to stay.
2068  Economy / Speculation / Re: How was your belief formed? on: January 26, 2023, 09:13:43 PM
cycles, and how we all going about it. For those who have witnessed it in the past, I would say that we have trusted it already because it really did gave us some huge profits specially in the bear market.

I know that others may argue that the pattern might break at some point. But remember that we have been in the bear and bull cycle and so far still met the criteria to hit every 4 years. So that is where the trust it, and we all know that the next bull run might happen next year till 2025 and so we will continue to invest today and wait till the price goes on another all time high.
I do agree that it was something that is definitely a bit of a challenge to begin with on making it, then breaking it would be even harder to handle and that's why I do not think that it will happen. I think it is a lot more possible to see bitcoin being on this cycle of ups and downs for a while and it will be like that for the foreseeable future. The best thing we could do about the current situation is to ride the wave, when it's low buy it, and when it goes up sell it and repeat that constantly for a steady x10 at the very last every 4 years.

If you start with 10k dollars, in 4 years that's 100k, in 8 years that's 1 million and you are already richer than you could ever hope for, if you start with 1k then it would take 12 years, and even with 100 dollars just 16 years and you are a millionaire if you ride the wave.
2069  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Vs Cardano on: January 26, 2023, 08:51:30 PM
Do you think cardano will over take ethereum in terms of tech with voltaire being worked on this year. Along with erc20 converter for easy conversion to cardano via ethereum.   Cheesy
The thing here is that once a tech got popular, another company will try to adopt it too. I don't think Cardano will have a significant lead in technology, especially when ETH also has expert developers on their side. Yeah, they might have a little bit advantage but that doesn't mean much to the masses. It's the trust and utilities, especially when convenient enough, that's going to win in the end.
ETH will always try to improve on their pace though, because they are huge and they can't be as agile as other projects. Which means that other projects could end up building new things that ETH could follow up very very late, and that's not really a good thing at all. I know that it is going to be a simple thing for them to build it if they want to, but quick and simple are not the same things.

For example, it was simple to go from PoW to PoS many smaller projects did it within like a few months, but it took ETH a lot longer time, years, why? Because they are bigger. That's what ADA should work on, being fast and agile on their improvements so ETH can't catch up.
2070  Alternate cryptocurrencies / Altcoin Discussion / Re: The Future of NFT on: January 26, 2023, 07:28:11 PM
We saw images being a thing for NFT world, how about we start seeing something else. There is now a great deal of effort going into publishing world working within the NFT sphere as well, basically e-books but in NFT format meaning you would be able to buy and own a book, you could find torrented version anywhere anyway, so this way if you bought the book, you would have the nft of it, and if you ever want to sell it, you could do that as well.

I believe that it would be something decent if people worked on it properly and that is just one thing. We will see the NFT world spread towards many more industries and not just images, that will be the future of it.
That's right, NFT is an "idea", it's basically proof of ownership, and the images were mocked with "I could just take a screenshot of it and use it" and even with that it still made tens of millions of dollars to people. If it can go beyond that, beyond something that could be mocked and actually make people some money for it, then it could change a lot.

This started with games that use NFT and tokens and pay people money for playing, but obviously it wasn't enough and ended quickly. Next stop will be actually doing something people would be willing to spend money on, if that could be done, then NFT could increase a lot and be super valuable for sure, it just needs time.
2071  Economy / Speculation / Re: Will the bitcoin price continue to increase? on: January 26, 2023, 04:43:09 PM
The current bitcoin price situation can be confusing because today, the bitcoin price has gone up and down and doesn't move up or down too much, and it looks like the price looks sideways. Perhaps, we will continue to see the price like this until the end of the month, and probably in the next month, the price will start to rally again. But I don't know, that's just a temporary prediction while we also don't know for sure what will happen later. The important thing is to prepare your money. If you see the price is right for you, make a purchase.
I do not think that it will stay sideways for too long. I know that it has been sideways for a very long time before this increase, and people think that we may go back to that again and I understand the logic behind it. But, the cat is out of the bag and I believe that it won't happen again and again.

I think it is going to be something seriously good and we just need to make sure that we could end up with a good return eventually. The price has already moved big time, and it can't go back to sideways, it is going to keep making big moves, either up (which is the likely expectation) or down (unlikely) because once it starts being volatile, it's hard to make it go back to being sideways.
2072  Economy / Speculation / Re: Are we now on Crypto bull run? on: January 26, 2023, 01:51:52 PM
While it feels like we are in the beginning stages of a bull run, it also feels like we made a pretty big move and now we’re seeing profit taking from the short term traders. No idea how long this will continue, but I think it’s pretty bullish if we hit $24K before falling back below $20K. At this point it’s a game to try and tire the leveraged longs out and build some more shorts before making the next big move.
Isn't that normal? I remember at least 2 other big bull runs, and I am not saying it will be the same and we will break ATH or anything like that, but in all those big bull runs we had short term traders taking profit, and then we moved on to make more profit.

I believe that we are going to end up making a profit anyway and it should be just a temporary hiccup for now. Not saying it will be huge, but just because we had a small drop doesn't mean we will go down and go back to bear market, I think bull will continue as soon as this commercial break is over. We have too many people who bought at low, so we need to wait a bit before they all sell out and bull resumes again after that.
2073  Economy / Speculation / Re: Bye Bye Bear Market :) on: January 26, 2023, 01:18:35 PM
I won’t say that the bear market is over, but it’s better situation if we compare to the bear market. BTC is now building up a resistance at 23k usd. If Btc manages to break it and come till 30k usd, then we can say that bull market has started. Currently we are at very early stage. From here next 2-3 weeks will be very important and anything will happen in that. So yes, we have to think and see where will Bitcoin go in these coming weeks. In the mean time gather as many Bitcoins as you can in your wallet.
I agree, there is a line between being in bull market and not being in bear market and we are there currently. I would say bear market is "over" as in it is not in the bear market right now, but we are not totally out of it neither, one drop and we will be back in there again. So, we should be considering the current situation as both good but also dangerous.

It's good because we are up now, but it's dangerous because we could drop at any moment as well, so we should be a lot more careful. I believe that things have not calmed down just yet, and with what we have right now, it will definitely be something that will take some time to return to normal prices again, I mean higher prices.
2074  Alternate cryptocurrencies / Altcoin Discussion / Re: shiba inu coin, now ranked 13th in cmc on: January 25, 2023, 06:36:23 PM
I don't think that this meme coin can stay in the top list on CMC nor crypto market for long. sad to say that the price of these tokens has been manipulated by whales. if you still have this token then my advice is to sell it immediately while there is a chance, for me personally, shiba tokens are not good for long term investment.
Top what? There were also top 50 and top 100. As long as Shib is still there and not de-listed from CMC then it will always be at the top x,xx,xxx and so on, on the list. I think the only way for this coin to get de-listed in CMC is if it will also be de-listed in any decent crypto exchanges but for now, I don't see any reason for it to happen.

I know Shib is only a meme coin but as long as it won't scam the public then it will be just fine even though it won't pump a lot. Like anyone else in the room I can only use Shib for gambling maybe and then I will just sell it immediately for other cryptos that I think more valuable to HODL for long term. OP should re-consider his decisions asap.
2075  Alternate cryptocurrencies / Altcoin Discussion / Re: Looking for new exchange token to add to my wallet on: January 25, 2023, 05:08:50 PM
Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind
I recommend to go with BNB, KCS and WRX. Out of these 3, KCS and WRX are trading at good price levels to get into. Wazirx is an India exchange and due to government's new taxation rule, their token is trading 10x lower than ATH hence it must be a right time to accumulate to enjoy 2x to 5x easy profits.

KCS was trading strongly around 0.0005BTC for long time but right now trading below 0.0035 levels hence bounce back may happen at any time which means current period must be a right time to enter. (Also they provide daily airdrops of KCS if you hold KCS within kucoin exchange).

They still have $27 million worth of USDC sitting in their treasury, which is more than MNGO's current market cap ($20 million).
Are you following them from their beginning? Is their any facility available to crosscheck about that $27M USDC holding in treasury. I never heard of mango dex before but suggestion leads me to think about investing in mango.
2076  Economy / Economics / Re: Is renting an inevitable waste of money? on: January 25, 2023, 03:32:09 PM
If you're young and haven't inherited a property from your ancestors, chances are that you're forced to rent.
There are many other reasons on-which you may entitled to occupy a premises on rental hence blaming your ancestors alone sounds inappropriate in my view. I am in a rental house even I own a house due to my job reason. In my country, people who are into certain kind of government job, get frequent relocation which lead them get into rental houses as buying a house for every 3 to 5 years is not possible per their income.

after spending all this money, you're practically left with nothing and may be subject to looking for a new house at any moment.
If you are good in planning then you should plan for buying a house for your own use or for renting out. I have seen many people in my country living life long in rental houses because of their limited income. So, living in rental house without proper budget plans might lead you never own a house.
2077  Economy / Economics / Re: Comparing U.S. Federal Spending with Revenue - This is why fiat will fall on: January 25, 2023, 02:55:40 PM
American Government can just spend 40% more than the incomes, and no problem with that. Debit all the way.
I just wonder that even when the world's top economy's government cannot find enough revenue resources to match the expenses what other developing or under developing economy based governments are doing. So, printing paper money out of nothing could be the only solution here? It is really shocking to me.

Government must take over the insurance kind of high networth businesses to handle the situation better.

This is why bitcoin was born. This is literally money creation.
Yeah, no government concerns about inflation and the devaluation of their own money. In short, no government work with long term goals; they just need to solve that year's deficits and need to get ready for the upcoming election; because all governments are run by politicians and not my visionary economists.
2078  Economy / Economics / Re: Is Bitcoin threatened by digital dollars? on: January 25, 2023, 02:21:05 PM
I don't think this will be that much of an issue since the so-called "Digital Dollar" is still gonna be governed by the Federal Government which makes it not decentralized, unlike Bitcoin.
Yeah, and it is not limited to decentralization but it cannot be an asset as well. Why we are preferring bitcoin compared to gold or paypal; those same reasons will applicable against all government issuing digitalized money. As of now, 90% of people have been adapting bitcoin for the reason of its investment characteristics which is obviously missing with those digital money. So, nothing could stop bitcoin as of now.

In a sense, CBDCs are flying a little under the radar in terms of most consumers probably not having heard of them.
When they start hearing about it, I am sure they will hear about bitcoin as well. In my opinion, government's digital money will help bitcoin to reach more people as government will try to develop basic infrastructures needed for their digital money and the same are enough for bitcoin to be adapted as well.
2079  Economy / Economics / Re: Power outages causes huge economic loss in south Africa. on: January 25, 2023, 10:18:30 AM
Power outage is not only problem of African countries but also many Asian country are suffering economic losses due to power outage ,as well high cost of electricity which has risen to the level where it has become difficult to afford for an average person. This appended due to rising cost of fossil oil used to generate electricity which is not only costly but also pollutes the environment.

One  solution to this problem is transition to Solar system which is low cost and environment friendly.
Yes but thing is that, south Africa is our main topic here and not any other country. Also I think south Africa is suffering badly along with Pakistan for example right now. I think it also has to do with their government. If only the government of a country is good enough then it's country will also run smoothly with lesser problems that will be experienced.

I can relate about that high electricity cost as I also experience it here in my country. It's crazy on how they can demand like that but then their service are very poor. Often there are power interruptions. Until we are replying on limited sources like coal or petroleum then one day or other this kind of situation will be inevitable for any country.
2080  Bitcoin / Bitcoin Discussion / Re: Main reason government won't fully accept bitcoin on: January 24, 2023, 08:28:08 PM
To be fair, most people involved in the government aren't able to print money either. However, they're currently getting paid in fiat, and convincing that another currency which they currently don't get paid in, is better will be hard. Especially, when these types of people generally don't care too much about money, since they're earning more than the average person will be able to comprehend. Obviously, they care about money, but they don't care about a completely different approach to money, because they're already successful with the current money system.

Generally, Bitcoin is adopted by the less fortunate. Obviously, this isn't the case for everyone there are successful people involved in Bitcoin, but they probably aren't being funded by fiat, the way that government officials would be. Plus, I do think there's genuine reasons why a government wouldn't want to adopt Bitcoin, especially in it's current state. I probably wouldn't even recommend adopting Bitcoin completely.
I think it creates an equality and that's why it's so important. Look at fiverr and even though it's not five dollars anymore and it costs at least 100 dollars for anything, you will not find many Americans or British people there, it will be from nations that have a lower level of economy, and people from those nations work in fiverr to make that money.

I personally believe that crypto made this into a global thing, people all around the world found cheaper workers, and workers ended up finding more money and we all got together and switched the whole business world into its feet. They were the ones who produced things in China and sold it for American prices, so now people find those workers individually as well.
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