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2201  Alternate cryptocurrencies / Altcoin Discussion / Re: Pi network mining on: December 29, 2022, 08:55:22 PM
I have heard about this PI Network for a long time, in Indonesia this coin always appears in various Facebook groups and telegram groups. I'm not interested since I found this coin for the first time, even though I've seen PI Network for a long time, around 2020, it's already shared by a lot of member on Facebook group (maybe it could take longer). Lately, someone has said if PI Network is used as payment in Indonesia, this is clearly a violation, because crypto is not legalized as a payment but only for investment commodity asset.
Cryptos are a currency so one of its use cases is for paying but maybe PI will skip the countries where crypto is illegal or illegal as a payment method. I heard that the one that is listed on XT dot com is a different coin and not the original PI coin but even if it's the original, we must still be careful and avoid it if possible. Ever since the start.

I already hear lots of negative feedbacks from them. I think that is enough to not patronize them. There are so many legit coins out there which have a better use case than just a payment method so why not go on them instead of PI? We are sure that they are more profitable but less risky at the same time.
2202  Economy / Gambling discussion / Re: Cricket match prediction discussions on: December 29, 2022, 07:19:03 PM
Indian government had good relations with the previous regime in Afghanistan and that was the reason why they ordered the BCCI to help the Afghanistan Cricket Board. But all the money and effort put in to Afghanistan vanished when the Taliban seized power. Just another foreign policy failure for the current Indian regime, which is trying hard to appease countries such as Afghanistan and Bangladesh on one hand, and antagonize Nepal and Sri Lanka with the other. BCCI being a proxy of the Indian government just carries out whatever orders that comes from the top. 
Even this is not related to politics but still I want to give you some updates as you will watch in near future Indian government will have good relationship with these now rulers as well because back door diplomacy is already going on and now with the re-entry of the USA in this region due to regime change in Pakistan things looking positive for India as well because we all know India is big player in this region and USA wants to have them involved in all policies which is good, so hopefully Afghanistan Cricket Board will allow again their players to play in India their home matches because these could be more beneficial for them instead of playing into the UAE.

But, sadly we have one complaint about BCCI they are not doing anything for their neighbours which is surely not good specially for the Nepal because they have to done few positive developments for them as well which will increase their quality and performance in near future.
2203  Economy / Economics / Re: Russia To Legalize Use Of Cryptocurrency In International Trade on: December 28, 2022, 08:38:42 PM
I like to see the creation of Bitcoin as the beginning of an evolutionary process. 

Bitcoin is a kind of virus that is being actively modified in order to multiply and spread.  Bitcoin does not serve only idealists and cypherpunks, it uses scumbags, businessmen, bankers and officials for its own purposes. 

Bitcoin has a goal - to become a global currency.  And he uses every opportunity to get closer to achieving this goal. 

Sometimes the first cryptocurrency follows the path of competition with the old financial system, and sometimes the path of symbiosis with it.
It is definitely a very hardcore approach to it I am not going to argue against that. However, you are sort of right as well at the same time. I feel like the best way to approach Bitcoin is to accept that it is not going to go away, it will always be around. Sometimes it gets low and sometimes it gets high but it is always around. As people who have been through a big pandemic recently, we could draw some parallels to it in the end as well.

I believe that it doesn't really have any prejudices at all, bitcoin purchase helps or hurts everyone equally and doesn't care if you are rich or poor. If you hold it and it goes up, we all make a profit, if we hold it and it goes down then we all hurt together at the same time. White, black, Asian or African, Muslim or Christian, it doesn't care.
2204  Alternate cryptocurrencies / Altcoin Discussion / Re: How Are You Preparing For 2023? on: December 28, 2022, 06:39:01 PM
I think there's no rules about that but as long as those who shill are not too spammy and also the shilled project is not known to be a scam then I think they are going to be fine. It's so sad that many people only focus on the price to tell if the project is worthy to invest or not but they must be careful about it because there are also shit coins which can be pumped up easily.

If only these people take the time to do a little research then it could help them to pick up a better coin. I don't think a lot of people are preparing for 2023 but if there is a date they are preparing then that would be the 2024 halving. 2023 might be another year for accumulation.
I feel like the amount is also as much important as the type of the shill as well. Like if there is a low quality shill effort, even once is enough or maybe twice but that's it, anything more than that would be unacceptable here, but if you end up with high quality shilling, like the ones where people look like they vouch for how great it is and they are trusted members and all that, it could look like a hyped project and not a shilled one and people can talk about it for pages and pages whereas nobody would say anything about it.

So all in all, "shilling" is not always a bad thing, because if done right that may become just vouching and trusting a coin and that's going to be fine for most people here.
2205  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: December 28, 2022, 05:29:42 PM
If Pakistan didn't have a good facilities for bowlers rehabilitation then they must used a strategy of using more then 10 bowlers in order to reduce burden from bowler, which will reduced the chances of injuries, Everyone know that due to playing too much matches they got tired and fatigue and as a result they face injury of shoulder, knee , and back like Shaheen and Haris.
if they divide games between them then they will easily done Thier job without any injury.
Even most of the time we have too much talk about Pakistan and their sporting system which is currently crap because they have no good domestic setup with no structure and facilities most of the time we have ad hoc system which can't provide any positive development which help players for improving their skills and have good quality just check their history they lost too many quality bowlers due to this all as no one care about them and mostly as they are having any injury then finances are also not available for giving them proper treatment or rehabilitation.

This all is possible if they have professionals who bring all latest technology and other facilities for the improvement of the game and players which must know if you want to compete with top level teams just one test series and now their all top bowlers are injured and out of the game for long time which is surely the worst thing happening to them.
2206  Economy / Economics / Re: Save your environmental economic cycle on: December 28, 2022, 04:05:49 PM
If you are a person who has money to shop for daily needs, I suggest you buy from merchants around you instead of shopping online whose stores are far from your place. This must be done to turn the wheels of the economy in your neighbourhood and save them from bankruptcy, at least you give them space to live.
My understanding is that the bankruptcy of offline stores is not caused by the rise of online stores that are developing at this time, as far as I know, the effect is only a few percent, not all people want to shop for their daily needs at online stores, few if compared to residents who use online shopping methods, For example: China, which is a developed country, on average, their lives are online, few want to shop online, they prefer to go to the store directly, after seeing new items, they pay online or digital currency.

People from developing countries like China don't shop online one of the bad methods.
I have to say that it's quite important to have some sort of base income or at least guarantee when you are starting an offline shop. I had a friend who started a bakery based on this, she had this amazing recipe for a cupcake but a tiny version basically and it went for like a week without refrigeration or anything, which allowed shops to sell it for a whole week as long as they do not put it on anything super hot, don't have to be cold but at least room temperature and usually it got sold quick enough.

She got an offer from a big chain, so she started it as an offline shop with the offer in hand. That way she knew what she would make in the long run and could calculate based on that. Nothing like that in your hand means you are just rolling the dice.
2207  Economy / Economics / Re: The poor people with their reasoning on: December 28, 2022, 02:45:51 PM
It's not that they are greedy but let's not forget that they are poor so they will still pull out the money that they invest later on. For them it's kinda useless to invest in long term and then the return isn't really that great. This is why most of them got scammed because they mostly fail on those get-rich-quick schemes.

I wouldn't really blame for this without knowing their true story. You are right. For someone who is poor, what important for them is the present and not the future. They are happy on what they currently see in their paychecks but they will feel sad if some of this money are going to be allocated else where becasue they also need it right away for a more important use.
Unfortunately that causes a lot of trouble for them and that's the big difference. If you are poor and you can't wait 10 years and keep reinvesting every dime you can, then it means you should not invest.

Even poor people could change their mindsets, because if you grind and get in debt and just have a terrible horrible life for the next 10 years and still do not waver and invest small amount into bitcoin, you could get a lot better. I have done it, put 10% of my salary into bitcoin for past years, and made a good profit, not so great now but still a profit, and meanwhile I have been in debt, got a loan, paid it back, made credit card debt, got sick, paid hospital bills and many other things and still didn't stop investing.
2208  Economy / Gambling discussion / Re: Cricket match prediction discussions on: December 27, 2022, 08:03:23 PM
@Sithara007 I did see that post but to be honest this is Afridi’s moment to prove his critics wrong, but will he able to prove them wrong is something none of us can predict till he’s actually given some time in this new role of his.

Furthermore in my personal opinion Sethi starts with a clean chit, because the situation is totally different now and Pakistan cricket can grow a lot with the right support hence he’ll be foolish to do anything that can jeopardise their growth.
Well.. let's hope for the best. During his term, Rameez did a lot of good things. He resolved the issues between PSL franchise owners and PCB, convinced SENA nations to tour Pakistan, and started new franchise leagues such as PJL and WPSL. And more importantly he changed the format of domestic cricket as well. Najam Sethi doesn't need to do anything new. All the needs to do is to preserve the status quo. PCB achieved historic revenues under Rameez. Sethi needs to ensure that the revenue inflows continue and players (both national and domestic) benefit from it.
Right now, main problem is why they are doing this all while things looking good for the cricket in Pakistan then why this all happening if they want to bring Naham Sethi they can wait for some time and then as his tenure ends then Shahbaz Sharif can bring his person as President of the PCB but now doing these all tactics mean they want to destroy all development and bring back PCB as lower point which surely going to help many other boards which never been happy about PCB and Pakistan going at his best in cricket.

Especially I was reading main problem was Ramiz Raja's statement about not sending his team to India because every time Pakistan has Nawaz Sharif or his family in control they want better relationship with India and others are not happy with this all which is the main reason behind this all quick change.
2209  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: December 27, 2022, 05:10:16 PM
Brisbane Heat vs Sydney Thunder
Sydney Thunder won the match by 10 wickets , an outstanding performance by them their openers chases the normal target of 120 runs given by Brisbane Heat.  Brilliant batting and balling by ST no doubt.
Sydney Thunder which is at the bottom of league table today done amazing stuff and won their first match of this season with style as they thrash Brisbane Heat by ten wickets which is impressive win even this is not going to help them for having improvement in their league ranking but still having first win like this is good for them.

They have few good aggressive hitters in their team, but their performance was not good in early matches, hopefully now with this big win they could be improved their quality and try to have better results in coming matches as well.

Now tomorrow we have another interesting match while Sydney Sixers will try to have their third win in a row or Melbourne Renegades will try to start their winning way again after losing their first match.
2210  Alternate cryptocurrencies / Altcoin Discussion / Re: Huge Binance outflows - should we be concerned? on: December 27, 2022, 10:46:52 AM
I don't object to us withdrawing our assets to cold or non-custodial wallets, but people need to know that the FTX crash doesn't mean Binance will. Let's take a look at coinbase, founded in 2012 and still exists today despite the demise of Mt.gox in 2014. So far, Binance and coinbase are safe, and we still need to use them, we can't stop using them until we stop investing in crypto. I'm not too surprised that Fuds is targeting binance because FTX supporters won't give up on Binance easily.
It was just a great scare tactic by the media and the timing couldn't be better. As soon as FTX thing happened there were a lot of chatter about Binance because that would really hurt bitcoin price and the market a lot and someone wanted to hurt it.

I wouldn't be able to figure out if it was FTX people or people behind FTX that wanted to get revenge, or was it some whale who had a lot of fiat and wanted bitcoin even lower, or governments who hate bitcoin because they can't control it. I cannot possibly know the main reason but it is obvious that we are not going to end up seeing anything that would be remotely close to what the reality is, we would just assume.
2211  Other / Off-topic / Re: Does anyone still survive? on: December 27, 2022, 09:22:09 AM
I feel users in Altcoins section are declining because most of bounties are only pay with worthless token or scam, also they can't join a signature campaign that paid with Bitcoin because they don't receive any merit. Thanks to @theymos because his purpose to implement merit is do fight against spammers in this forum and it's work!

So it's good to see spammers are leave in this forum, but there's some high quality users left in this forum because of sick or passed away which make me sad, they're an asset in this forum.
The idea to create a worthless token from nothing, and then offering people to work for it, which has literally zero value, and make it worth something by the bounty hunters is the worst part. If bounty hunters work very well, then it may worth something so their work would worth something and they will get paid accordingly, if they work terribly then it was just created and cost the owner nothing.

I am not going to work hard for someone who has risked zero dollars while paying me, to work for them. I am sorry but either they offer something tangible and worth something, or they can work themselves to promote their own token, makes no sense, I could give you a billion tokens out of nowhere that worths nothing too.
2212  Bitcoin / Bitcoin Discussion / Re: 99% of People Will Lose Crypto in Self Custody on: December 27, 2022, 07:19:41 AM
I can't agree with that number. because 99% is too much. even those who use cold wallets actually most of them have sufficient knowledge about crypto.
I don't think this title thread is appropriate, maybe what is likely to be missing is the value of crypto. Even if they can lose crypto because it is stolen. But as long as they still own the crypto, the asset will not disappear what is happening right now is a drop in value in fiat or BTC depending on the desired pair.
 
Within a few months indeed the occurrence of FTX and LUNA made people paranoid. I think we need to be vigilant but not to be afraid. We just need to be disciplined. There are some people do take advantage of that to further make things worse. When you panic then they will take advantage. It could be that they deliberately made the price of Crypto drop in order to buy more.
Well, they "lose" it for themselves, not for the market. Which means that if you get bitcoin, put it somewhere "safe" and then can't go back in, the bitcoin will be there but you won't have access to it so you lost it. So, it is basically true but you have to take the word for what it is and what it could mean, some words could have multiple meanings and you need to reconsider the situation. At the end of the day, we are talking about a world where things are not as clear as black and white.

I personally believe that most of the coins are already in exchanges, 50%+ must be in exchanges, meaning if all exchanges got together, they could seriously hurt the market or help it all by themselves, that is a bigger issue.
2213  Bitcoin / Bitcoin Discussion / Re: Problem with mass adoption of Bitcoin on: December 27, 2022, 05:18:22 AM
Actually holders of these whales deserve the benefits, because they take a big risk, and there is no need to limit the ownership of each user and Bitcoin holder. And I think it's the market itself that adjusts this imbalance. the real problem of this mass Bitcoin adoption comes from Governments slowing the growth of Bitcoin, and this lack of awareness about Bitcoin knowledge is also a barrier to Bitcoin adoption.
Governments are part of Bitcoin adoption with each noise they make, each legislation they launch against Bitcoin. At the end, Bitcoin is strong and can not be killed and only grows bigger and have better adoption. When governments want to ban Bitcoin but failed, it helps more people know about Bitcoin. It is free marketing from governments for Bitcoin.
I feel like even a total 100% ban on crypto, including trading and even ownership, could still not kill bitcoin at all. I mean sure it could hurt it, wouldn't want that to happen if you asked me and I would rather see crypto flourish and grow bigger and El Salvador type of deals all around the world would make it so much bigger and I would rather have that.

But that doesn't mean that I would consider stop using bitcoin if my government stopped it. I mean the best thing to do right now is to promote it and tell our politicians to accept it and make it legal, but even if they ignore then I wouldn't stop, which proves that bitcoin is here forever.
2214  Economy / Speculation / Re: Bitcoin cycles, this is the cyclical minimum on: December 26, 2022, 10:19:31 PM
How wonderful if bitcoin reaches $200k in the next cycle. With that price, I assume bitcoin will become more valuable than the most valuable stock in the world which I believe is reasonable enough. Although the growth of stocks might also increase a lot by that time and some of them might reach $5 trillion or even more. But bitcoin by 2025 priced at around $4 trillion in market cap is huge. In order to achieve it, adoptions may need to happen, probably another country or more will adopt bitcoin as a legal currency.  
It would be pretty difficult but it could happen. What we need to remember is that when bitcoin goes up that much, usually that means we are going to see stocks go up as well. Like Apple is worth 3+ trillion and so forth type of deal.

This means if bitcoin reaches 200k, it would be possible to be the most valuable thing and more valuable than all companies, but that doesn't mean that it's impossible for apple to be higher as well, that could happen too if the stock market goes up. However, as long as we are near the top that doesn't matter, it is important to keep bitcoin in the top 10 and as long as we can do that it's going to be fine.
2215  Economy / Speculation / Re: Bitcoin survived the Christmas market pressure on: December 26, 2022, 09:49:33 PM
We are at the 16K range for too long so it maybe a sign that we reached the bottom so if the right time comes then possibly next year the bull season may begin.
Don't be so quick to confirm it. You remember when bitcoin was at 18k-19k for a long time and people started to believe that we had bottomed and we were going to go up from here, and then the crash of FTX caused bitcoin to drop below $16k, making everyone's speculations and expectations completely wrong. Bitcoin has been above the $16k resistance for too long, but that doesn't mean we've finally bottomed out. Let's look at the outside situation, the economy, war, inflation... all are still negative so it's hard to expect that we have bottomed and the bull season will start from here.
We shouldn't consider it not going down anymore, but we shouldn't expect another FTX type of deal all the time neither. That happened and dropped the price and that's understandable but that doesn't mean that it is going to keep being like that forever neither, it would be pretty hard to keep it that way.

This is why I believe that we should be a bit more less expected of lower level stuff, could be a lot better in the long run. This is quite difficult to handle but we should be able to handle it in the long run. I personally do not expect another bottom because I am not expecting anything like FTX to happen again over and over, it would be pretty difficult.
2216  Economy / Gambling discussion / Re: Cricket match prediction discussions on: December 25, 2022, 09:05:41 PM
At present, democracy is limited to paper only. The countries in Asia that talk more about democracy are less democratic. Politics is now not only in a specific situation. Politics today is not only rooted in every level of basic human needs. Now it has a tight control over the hub of human entertainment. Pakistan, India and Bangladesh are all countries whose cricket boards are completely controlled by politicians. That's not a problem either. But in a democratic country, when any decision is taken ignoring the people, there will be room for criticism.
It's not all about democracy it's all about system which is more important as we have in developed countries and in many other countries those are not near the democracy but going with strong system here in subcontinent culture is completely handled by few groups which are doing wrong things and holding major stakes which is giving them all power, and they are not bringing system or merit policies which are important, and we have only three cricket boards with strong system and fair policy ECB, CA and CNZ they are having the best things for their players and peoples.

All other boards and sports organizations are suffering badly due to ethical and political systems, and they are suffering into game as well because recently we have big dropped in South African quality with Sri Lanka is also suffering badly due to poor system West Indies is already near the end due to personal issues and having not merit policy and going with quota system.
2217  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the vaccine against the CBDC virus on: December 23, 2022, 05:39:41 PM
CBDCs are indeed evil! With cash, we still had some certain degrees of anonymity. But with CBDC, that last amount of anonymity is gone as the government will have a bird's eye view on its citizens' finances. It will become extremely easy for the enforcement agencies to catch money launderers and tax evaders. But also, it will create multiple issues on a normal person's life. Fully digital economy is a highly risky proposition.

Bitcoin and other decentralised cryptocurrencies are definitely going to act as a vaccine to a centralised system where privacy doesn't matter anymore!
I would say it's not as terrible as you make it out to be. I do not mean to say that they are not going to use it to destroy your privacy, but imagine the regular situation we are in right now without CBDC, is it any different in government world? Think about it this way, you have majority of the world using banks, debit or credit cards, loans etc, which means it is already tracked, only thing that you won't be tracked is cash, which could still technically be tracked, but harder.

This means the same with CBDC, even bitcoin can be tracked, so only way would be moving it to privacy coins, if you want to, and it won't be tracked, or just use bitcoin, so get CBDC and turn that into bitcoin and if you are not worthy of tracking, they won't.
2218  Economy / Speculation / Re: The world is not doing well on: December 23, 2022, 01:26:35 PM
We've been in this kind of predicament before, and why we should be worry when we we're able to get past along the Covid-19 scare in 2020? The market has like -60% that time in just couple of days but we have bounce back and reaches all time high in 2021. So I don't think we should be shaken by the current events like wars or the FTX collapse, there will always be something to happen that is beyond our control that will affect the market. Nevertheless, the community will come through again no matter what the challenges is and we will see another all time high.
We cannot forget that phase. The 2019 market situation was really our toughest challenge and when we were able to step up to this moment (2022) of course the concern did not cross us who are still very confident in Bitcoin.

I'm not worried about Bitcoin at all. Instead, I have concerns about those who are still holding on to other types of crypto even though there have been several incidents that have made many people suffer losses such as in FTX. Even so, I still believe that they have enthusiasm for Bitcoin and still have a great desire to own large amounts of Bitcoin.
People will be facing bitcoin as a challenge no matter how many times it has proven to recover. I promise you, we will recover from this as usual, it will go up, and I mean go up a lot, maybe over 100k maybe even over 200k, and then it will have a crash again and people will doubt it again. You will say it has gone down and up even bigger 4-5 times now, why doubt it again* And people will still doubt it, then it will go up and go down again and people will doubt it again.

When it is your savings we are talking about a drop is not easy to accept and move on, it takes a lot of knowledge and confidence in what you invest into in order to make sure it will recover.
2219  Economy / Speculation / Re: Bitcoin bottom prediction? on: December 23, 2022, 11:55:11 AM
it will always happen beyond the analysis of all those who are currently continuing to provide that information on the price of bitcoin. because no one will be able to provide an accurate analysis but only estimate it and of course all can accept that analysis or not.
but continuing to invest by buying in installments is of course a very positive thing, because we and all believe that in time bitcoin will repeat itself to reach a renewable ATH and usually after the halving period has passed.
even if next year when the world economic situation has not improved, it is certain that the price of bitcoin will be worse off than it is at this time, it might happen, but why worry about it because every purchase of bitcoin will increase in time. so there is no need to worry about whether or not it will decrease again next year. Continue to buy and store, so you will achieve profits in time.
I am pretty sure that no matter what happens to world economy, bitcoin will do a lot better. Why think like that? Because as a reaction bitcoin could be doing worse, and because bitcoin is doing worse there are companies in trouble that work within the crypto industry as well such as FTX bankrupting and all the bad news that has been coming out.

However, as the world gets used to the economy, we are going to have people adjust to new reality of the world and we are going to end up with something much bigger. I am not saying that people will have plenty of money to spend, but they will adjust their budgets more precise and it will not be a shock anymore.
2220  Economy / Speculation / Re: Will The FED pivot? on: December 23, 2022, 10:04:51 AM
That is only for now but it was stated that the rates will increase the next time. Also, I think there is no way that fed rates will only go down. There are times where it will go down but there's also a time where it will go up again. It's still possible for some things to return to normal because not all things depend on the fed rates.

By the way, how can you say that 2024 is going to be a good thing for all? Is it because of the btc halving? But if the rates won't normalize, I think the price of BTC is still going to be affected but yeah a fall on the price of the cryptos shouldn't discourage us all. Rather it should give us a motivation to buy for more. Time will come that their value are going to recover and pump again.
Rates do not matter, because it means that the general economy would recover if the rates recover, and by 2024 I am pretty sure that the rates will be at a normal place, or even if it is high compared to past, we will at least get used to it by then.

However, none of that matters because when there is halving, bitcoin becomes more valuable, so even if the market is not recovered by then, it will still cause bitcoin to go up because it is now more valuable and the amount of bitcoin we mine per day will go down, meaning both less resources available but also higher price to make sure miners are happy. Both of those combined would make it go up no matter what type of market we are in, it will just take longer for it to show on the prices.
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