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I think there has been a lot of money that has been injected into the system as of now by various governments so we might see a Consumer Inflation soon. But when the GDP growth forecasts of most of the countries is negative I think such an inflation rate is pretty nice. Atleast we are not running into deflation which can be pretty bad for fiat. To my surprise, some people feel that lower inflation is a good sign but what they don't know is that lower inflation means lower growth rate which means that there won't be much growth in GDP unless and until we find a little bit of inflation in the Economy.
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To be very straight I don't think Indian team now takes these things very seriously. Now I feel due to such a vast choice of players to choose from BCCI too has become pretty reluctant in developing big players. So players are just left to themselves with no good guidance. I would agree. If you check the number of matches played by the India U-19 side and the India A team, then you can notice a sharp decline in the recent years. It seems to me that the BCCI has outsourced its talent development program to the IPL franchises. First and foremost, they should try to conduct the Ranji Trophy without any further delay (although it is a shortened version). And till now they haven't even released the schedule for this year's tournament. It's a simple business they went through IPL even when it's much more difficult to make IPL happen. But as RANJI TROPHY does not gives them a positive net cash flows they are not really interested in making that happen. I don't think it would happen until we have vaccinated every person we have around us. Talking about A team these days A team is nothing more than a joke they rarely have any bilateral tours or anything like that. U-19 teams have played a few matches but not enough to give them a taste of what real cricket is. Scoring runs in India is not cricket. This problem of diversity of options with BCCI has made Indian team look so inconsistent. India is the considered to be the king when it comes at their home ground matches and even stats shows that, but major concern is playing internationally against best teams. And, the humiliation which they received by getting all out for 36 will remain for a long time. I would not be surprised if India do not win any match in this test series or maximum might end up in a draw. There are certain players such as Ravichandran Ashwin, who perform very impressively in home test matches. There is nothing wrong in preparing pitches that favor you when playing at home, and almost all the teams do that. But the problem is that when you get habituated to playing in these surfaces, your performance while playing abroad gets less than satisfactory. And this is why there is a request to prepare bowler-friendly tracks for the domestic matches. I think there are more Stadiums in India than there are in any part of the world. There can be made a balance between all types of pitches. It's not always beneficial for teams in long term to make all the pithces beneficial for them. If we move towards this path every team would merely win at their home places. |
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Its really big issue for sub-continent boards and players they never try to learn from mistakes just because of this have many problems in past and right now still both big teams from Sub-Continent facing in Australia and New Zealand one already lost tewnty/20 series and now on verge of clean sweep second after losing first test very badly now have some big problems now I am feeling they are going down and out very badly in this series.
A few years back, there was a proposal to prepare pitches that would have good seam movement and bounce for the domestic tournaments. But apart from a few domestic sides such as Punjab, none of the other teams implemented this proposal. Even in domestic cricket, a lot of the teams are overdependent on the spinners. And this is a big obstacle when these players get out to bat in surfaces that supports pace bowling. To be very straight I don't think Indian team now takes these things very seriously. Now I feel due to such a vast choice of players to choose from BCCI too has become pretty reluctant in developing big players. So players are just left to themselves with no good guidance. I remember there were times when players used to work upon their weaknesses but now apart from Kohli or Rahul I don't think anyone is interested in such things. Even Rohit Sharma hasn't been able to solve his long living problem of facing initial seam movement in Test Matches. It's been ages since he has had this problem. Moreover what was fascinating in the previous match was that most of the wicket fell on a similar kind of ball, an inswinger pitched on full length outside the offstump so that the batsmen has to play the ball and everyone of our player either edged it or couldn't play it. All the wicket were like action replays. I think at least India should work on this problem otherwise Australians are going to exploit this problem in the whole tournament. Smith's batting stance is appropriate for facing such kind of balls maybe Australians have adapted themselves to it. |
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Due to the covid 19 pandemic, I lost my job and my bank account was closed because I withdrew all my remaining balance to buy our necessities, at that time I was looking for another alternative to lost job in order to support my family's needs . Until I start trading bitcoin with small capital and thanks God because with the help of cryptocurrency we can continue to survive from the difficult time of pandemic.
Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
I have heard an old famous quote that don't invest something more than you can afford especially when the security is so risky. Everyone knows bitcoin has a great future but the volatility that Bitcoin has is also something you should consider. It can get back to $5000 in a month or two and return back to $25000 in 6 months again. If you are so heavily dependent on bitcoin to support you family needs it might make you look a clown when you have to withdraw some money at $5000 for supporting your family. It's always better to keep atleast some amount of money as a buffer in your account. may be a couple of months expenses or may be a 3 month expenses. But surely going all crypto isn't really a good idea if you have a family to feed. |
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Well this is just another absurd theory to be very frank. Let me tell you why: 1. Now we are seeing the wealthy, investment banks and treasury departments of companies OPTING OUT of this monetary riddle by taking their money "out of the matrix" and hiding it in Bitcoin to send their value into the future. They do this because the value of assets today is too high, yet their cash and bonds are being eaten by fiat printing so they have to invest in something, anything. No major Investment bank has until now decided to invest a major chunk in Bitcoin and trust me not many really care about the inflation matrix what most of the wealthy investment banks think about is the opportunity cost of capital or the cost of Debt while making their investment decision. Even though Inflation does play a role in it indirectly sole purpose for investment in Bitcoin is higher returns. But isn't this merely hoarding of a utility less asset? I say utility less because if the top players are merely using it as their wealth storage mechanism it's merely going to become a manipulated speculative asset. 2. The more central banks print fiat, the more popular Bitcoin becomes as the smart money escapes the legacy monetary system, but it also works the other way around: the more Bitcoin that is bought, the more central banks are forced to print due to fiat leaving the system for Bitcoin, and a negative feedback loop ensues.
To throw gas on the fire, this disappearing act of fiat into Bitcoin is starting to accelerate since the 2020 halvening event in May. Not a day goes by when we don't hear of multiple billions being sunk into Bitcoin by a new financial institution, and much fewer Bitcoin are being sold than bought. The Federal Reserve is seeing weakness in the economy and Congress announced they are printing another 1 trillion dollars to hand out to Americans; on the same day Bitcoin skyrocketed to all time highs. At a certain point, the exponential flow into Bitcoin will begin to affect the fiat money supply by reducing it significantly. This will cause deflation and the central bank will print orders of magnitude more fiat, which encourages ever more panicked Bitcoin purchases to preserve wealth, and the cycle continues. How does fiat leaves the system? When you purchase bitcoin fiat isn't getting burned or is converted magically to ashes. When you buy bitcoin you are buying it from someone who might have brought it or mined it now you are merely exchanging it therefore the fiat still remains in the system with him. In turn if we imagine your kind of scenario it means that the demand for dollars would go down as people would be willing to buy bitcoin and give up dollar. In which case no central bank prints more money what they do is taking out money from the system to create equilibrium so why would they print more of it?? Instead inflation would grow and for bringing down this inflationary situation such measure of taking back some fiat from system would be pretty excellent. And 1 trillion dollars handed over isn't to buy bitcoin for Christmas instead it's for providing up a boost to an already dead economy. 3. I see a very uncomfortable future for those who don't own Bitcoin. The transition to the new system is going to impoverish many of the middle class that weren't impoverished before. The price of a whole coin is accelerating away from the financial reach of the middle class now and will continue to do so ($24,000 USD per coin as of today). As Bitcoin appreciates higher and higher, the US dollar and other currencies continue to debase themselves trying to catch up in overall value, the planners fill the gas tank faster as it continues to pour out onto the road. Once again makes no sense. do you have any idea about the scaling issues? we already have a pretty hefty fee and pretty high transaction times at $24000 which are merely going to shoot up with increased value and adoption and so far we have no solutions. This means the utility of being an "CURRENCY" is itself finished. Why would people want to shift to such a currency? Yeah many people might miss a roller coaster ride of 200-300% gains but it's not that they are going to lose on something extraordinary. I think you should look at it from a more macro economic standpoint. |
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Whenever Bitcoin breaks an all-time high it's pretty obvious that these conversations are going to be in every corner and country. But in the Indian scenario what does a new all-time high mean? It's worthwhile to note that it was just a few months back that RBI had to withdraw the instructions given to banks regarding Crypto regulation. But after that, there has been a different kind of positivity in the Indian market. Even with some speculating that a law prohibiting cryptocurrencies might be around the corner the crypto space has grown just to give you a context of the growth: Here are the growth metrics of various exchanges:  - Total Number of bitcoins traded on Paxful P2P space grew by 234% from 2019 to 2020
- A major exchange WazirX CEO said: "Our trading volume before the lockdown in India used to be around $1M. It has grown over 10X in just 60 days"
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Pheww...
Edit
Marnus's ran out of his luck, Umesh finished the job for India. Aussie are now 6 down. Phewwwwwww, Australia lost their 7th wicket, the worst performance by them in their home soil. They need to change how they play cricket, from aggressive world class players who dominated every team they are play a different brand of cricket which is not exciting and a run rate of just 2 and even though India is missing the catches and giving them opportunities Australia failed to make any impact. Bowlers doing their job beautifully but fielders letting down their bowlers. first they gave 3 chances to Marnus and now Aggarwal dropped Tim Paine.. If they want to win the game then wrap it up as quickly as possible. Exhuisite performance by Indian bowlers. I thought only pacers would be the hero on this tour but Ravichandran Ashwin had some different plans today. I am pretty happy to see the classic spinners Era coming back gone are those days of Unorthodox mystery spinner who worked for just a couple of tours. If India can bowl out Australia under 200 and then can put up another 250 on the board I am pretty sure this would become an easy game for India. I was abusing Indian batsmen for batting so naively looks like Australians are much more surprised at their own home grounds. Even the might Smith couldn't do a thing. Thankfully opened his account otherwise he would have been named the Australian Prithvi Shaw.  -----
Paine doing excellent job for Aussie. Every runs counts from here.
------
Argh that tail again...
Paine wants to ensure he remains captain even after this tour and Smith is not considered for Captaincy anytime in the near future. |
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Hey Guys
New here but not in the Space.
What's always annoying me about the whole Tether discussion is the fact that everybody that talks about the topic mostly assumes that if usdt collapses (not saying that it will) bitcoin would dump harder than ever before. While I can see that a lot of volume is through tether ( I would say its the majority) the collapse would by no mean be a small event. If you look back tho to end of 2018 when the whole Crypto Capital saga took place and usdt "dumped" into the .80s the only thing that really happened was that btc immediately spiked by a good amount simply because if you price btc/usdt if one collapses the other rises. So let's just assume that the day when tether would collapse actually comes and it's not just a few days of uncertainty. What side would win. A) everybody just want's to flee usdt (into btc) or B) everybody want's to flee crypto as a whole (through btc into "real usd" / coinbase)
Actually the repercussions of USDT collpasing would be that every one who is holding USDT on exchanges would immediately try to sell it off thereby increasing the volume on bitcoin immediately which could shoot up the price. But as now there are many other Stablecoins based on USD so this might not take place to that extent to which people think. Talking about USDT scam I think it's been in market for sometime now and I think it's difficult to imagine a thing like USDT blowing off in a day or two. Talking about which side would win. There is what you call a psychological effect. People would think if USDT can be blown off so easily what's so different with Real USD or any other stable USD coin pair so it's better to be in any crypto rather than being in a stupid stable coin. |
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Now with BTC reaching 20K+ this is sort of expected but the greater challenge in front of the tax authorities themselves would be lack of laws. From my personal experience and the types of conditions that are going on in the country currently, there is no chance that a crypto law would come into reality for at least a year or two (unless obviously govt. decides to create Anarchy in another sector). Now without laws tax authorities would be more or less bewildered while making assessments. There are no precedents or judgments so there is going to be complete harassment of assessees. Every one of us knows that taxes are inevitable and obviously we are paying it but the problem of taxation without law is that it's not necessary you get a notice only if you withdraw money. I mean one may even get a notice if he has sold his bitcoin but the BTC is in the wallet/exchange itself. Moreover, the KYC that the exchanges have to do is also not formalized anywhere in any law. It's just a general practice which they do. So the major question is up to what extent the information is being shared with the authorities. There are many questions that are pretty much unanswered. I'm ok with paying tax, hoping they would make calculating crypto tax bit easier though.
For Crypto Tax to be easy the crypto market should have a formalized and easy structure. Imagine the difficulty the government would face when someone has his BTC in private key wallets where no one can know about it while other person has it on his exchange. Moreover, Imagine a situation there are 2 person. Both deposited Rs. 100,000 on WazirX let's say in which you have to do KYC. Now person "A" decides to take the money to BITMEX which does not has KYC in India. Now he can buy sell unlimited quantities on Bitmex and Indian authorities would never know how much he gained. While person "B" trades on WazirX and even a single sell transaction made by him would be subject to Capital gains. Moreover the bigger problem is sending money abroad. There would be a big evasion of tax this way as Income which has to be taxed in India will go outside without levy of Tax. |
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I have heard that a few platforms are giving out stable returns(3 to 12)% on investments, depending on daily/monthly/yearly investments. Does anyone know any such platforms? And would you advise to invest into those? It would be great if someone can share a website that compares or lists such platforms. Thanks.
99% of such schemes end up in scheme. Even the most reputed ones end up in scams sometimes due to lack of regulation. The problem is that they invest so heavily in various places that their asset base becomes pretty big and when they face liquidity concerns they generally have to scam because taking out so much money together means losing out on returns. I would recommend you to instead invest in Binance where you can lend your money. It's much safer I think. They won't scam you for small chunks of money. |
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Well, I don't think that 157 was a good score to defend when your opponent have got players like Rohit Sharma. Everybody knows what he can do. So I believe Delhi Capitals needed more than 170 runs.. may be 180 to defend against strong team Like Mumbai Indians. Everybody expected much tougher competition in the finals, but that wasn't the case. MI easily won the match and lift the title for the 5th time.
After 15 overs, DC was comfortably placed at 118/4. Usually teams get 70 to 80 runs from the last 5 overs, and based on that I was expecting a total of somewhere around 190-200. But they failed to even score 10 runs per over at this stage (they could manage only 36 runs from the last 5 overs). This is the sole reason why they lost the match. Another 20-25 runs could have made a huge difference. You are correct, as MI bowled well to restrict them to just 36 runs in last 5 overs where they had still 6 wickets left. This would have given some relief as the chase was under 8 an over and the way Rohit started his innings seemed he was set for the target to chase easily and it happened the same. But overall was a good match but not really a tough final that would have expected. Death bowling I think has always been the strength of Mumbai Indians. I think the few matches that Mumbai lost were actually the ones in which their death bowling failed. Bumrah has become such a dreadful bowler. Boult too got his rhythm in the later part of the tournament. I think Mumbai Indians have invested pretty wisely on their players. They have Rohit, Pollard, Hardik, Krunal and Bumrah since 2013. All they do is pickup a few good foreign players a form a team around these 5 people who are their core. Luckily for them all of these players deliver at the end in some way or the other. After 15 overs, DC was comfortably placed at 118/4. Usually teams get 70 to 80 runs from the last 5 overs, and based on that I was expecting a total of somewhere around 190-200. But they failed to even score 10 runs per over at this stage (they could manage only 36 runs from the last 5 overs). This is the sole reason why they lost the match. Another 20-25 runs could have made a huge difference. The failure was the Delhi Capitals top order, when you loose 3 wickets for 22 runs then the rest of the players try to play safe so that they will not loose further wickets and then the pressure to score aggressively in a later stage is not easy, a couple of wickets and their tail will be exposed. With the strong batting line up MI had any addition of runs will not make a difference considering the start they got. After losing their top 3 batsmen by only 22 runs, no one thought they could score 157 runs. I even thought they would lose all their wickets in 120 runs. Lyre and Pants played much better. Finally, if Hetmyre could add some runs to the scoreboard then maybe DC would be able to score more than 170 runs. The final match was not competitive. Everyone thought MI would be the champion, and they got the title. I think if we see only the second half of the tournament Delhi didn't really deserved the title in any way. They performed pretty badly in second half. There were other teams who performed much better. I expected SRH to reach the finals as they played much better in the later half. All on all I felt matches in the later half of the IPL much less thrilling. |
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Isn't it difficult to buy BTC right now that you have to submit data for KYC?
Once your wallet is linked to someone's wallet even if you do it outside a platform then it's linked to someone. And when regulations are tightened, tracing wallets and accounts may just be easy for authorities like IRS that's been trying to crack XMR.
Yup it's almost impossible. Earlier it was possible using tax heavens as exchanges located in these countries even after KYC didn't use to share the details of users with countries even on requisition but now things are different all countries have bilateral agreements with these countries and therefore there can be easy sharing of information in cases of tax thefts, money laundering and other illegal activities. Technically OP would be at too high of risk not only can his such assets be confiscated but a penalty and prosecution depending upon laws and amount can also be initiated. |
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How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.
What are your views?
The way we saw the price climbing up shows people are more positive about Biden and Bitcoin than Trump and Bitcoin. I think technologically both right and left have been wanting to bring in revolution so it hardly matters whether it's Trump or Biden both are going to be pro-technology. But obviously Democrats being more liberal chances are that Bitcoin would be better under Biden. I am amused few people thinking that nothing in this world can stop Bitcoin from prospoering unfortunately this isn't the case every political move effects the adaptability of such a technology. I know a few states in my country which didn't get computers and machines until late 2000s merely because they would hamper jobs and government was ultra socialist. Bitcoin needs to get legal sanctions from all around the world otherwise it would just become a dark net currency. |
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Mumbai Indians got 10 Crores for winning IPL. But let's not forget the people who earned much more than Mumbai Indians without even performing Mr. Patt Cummins ( KKR )- 15.5 Crores Mr. Glenn Maxwell (KXIP) - 10.75 Crores Mr. Chriss Morris (RCB) - 10 Crores Mr. Sheldon Cotrell (RCB) - 8.5 Crores Ambanis just keep getting richer and richer. MI won the final in such a convincing way that most of the players weren't ecstatic when they won. Biggest disappointment among the players that you listed has to be Maxwell. His batting and bowling were underwhelming while Cummins bowled badly, but batted decently now and then. Morris and Cottrell were pretty underwhelming too overall(Cottrell will probably never forget Tewatia). Haha I won't say it's Ambani Magic that's making him win IPL every year but his team has won IPL in 4 out 6 years under the BJP government . Yeah even I was surprised too see reaction or MI after the win it was like they have been selected for playoffs. Maybe it was because match was that one sided or i don't know what. Cottrell maybe didn't get a way with Dubai pitches. Chris Jordan was having similar issues he took a lot of matches to settle down Cottrell wasn't lucky to get that many chances. I think today in T20 cricket opening overs are about swinging the ball and death overs are about yorking the ball if you can't do either of that you are going to be in a deep trouble because very few get that line and length right. |
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Hi guys ! My name’s Dave. Is it possible to do money laundering via bitcoin? I mean as no one knows if you have bitcoin and how much bitcoin do you actually own, it could be used to convert black money to white right? Or at least store your black money without much hassle. But there is the risk of its value but I think for people who have lots of black money and don't want to be caught, this risk might be worth taking for them isn't it? What are your thoughts? ข่าวกีฬา
Any help will be fine. Thank you in advance. There is no single answer to this question. I do not endorse money laundering but I would just like to tell methodologies of how I have seen people doing this. Black money is merely that money which has not been fed into the banking system to avoid taxes on it. Now there can be various methodologies I have seen people using BTav for is 1. That you receive BTC itself from your employer/ customers and you receive them into a private key wallet and store them. If your employer is at a distant place away from your country this surely is the safest method of hiding the proceeds as the source is difficult to be traced out. There is only one precaution which is to spend the whole amount of money in that wallet whenever you decide to. This would ensure there are absolutely zero traces. So change your wallet after every receipt. 2. You receive money in cash but later buy Bitcoin. Now this is pretty tricky today as all exchanges demand KYC while converting fiat to btc and do it using Bank accounts. So only option is localBitcoins.com. Now you are pretty safe but the moment you decide to bring in this money to spend better spend directly in BTC. 3. The way idiots do this is they Directly purchase BTC from their bank account and hide that money in tax returns. This is the worst way and you can be caught any time. |
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I am picking up alphabet "f"
Bitcoin address: bc1qyvjuymg7g8tn7er46g36p35jp6n57ernz4pmuv
Not sure how long would it take to fill up this raffle but hopefully it happens by the end of this month.
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Sorry for being late! Congratulations to Mumbai Indians and obviously our winner. Rajavu, Royse and Pffrt. I think the end of IPL wasn't that exciting the way the matches in the middle were. Even all the qualifiers and eliminators remained pretty one sided until the very end. Hoped to see better matches but it is how it is. Now we people have to find something else to do in our lives I am sure Indian media would be ready to throw up another issue for our entertainment pretty soon to divert our minds. I don't think they need a vaccine anymore. They can play another IPL in this BIO-Bubble kind of thing. I think they didn't even suffer any huge loss due to spectators their viewership rights might have made up for any loss. Franchises might have made somewhat lesser profits but BCCI would have still filled their pockets. Mumbai Indians got 10 Crores for winning IPL. But let's not forget the people who earned much more than Mumbai Indians without even performing Mr. Patt Cummins ( KKR )- 15.5 Crores Mr. Glenn Maxwell (KXIP) - 10.75 Crores Mr. Chriss Morris (RCB) - 10 Crores Mr. Sheldon Cotrell (RCB) - 8.5 Crores |
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