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ETH prices have jumped like 40% today, and sadly I have to say that this spike is not going to last for too long. Many of the altcoin fanboys are jumping with joy, claiming that the altcoin season has started. I beg to differ. Whatever pump you are witnessing now, is not going to last for long. The reason is very simple. Altcoins are already overpriced, and very few of them have any real life usage.
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They also have had 600k total cases/15k deaths vs Americas 21 million/360k deaths.
If these figures are accurate, the Canadian government can claim that they have managed to cut down the number of infections. Since the Canadian population is around 1/9th of that of the United States, I would have expected around 2.5 million infections. But looking closely, there is something that is not right. The US has reported 360,078 deaths from 21,113,528 infections, with a fatality rate of 1.7%. On the other hand, Canada has reported 15,865 deaths from 601,663 infections, with a fatality rate of 2.64%. Why the fatality rate is so high in Canada? It is either because their medical facilities are incompetent, or because they are not testing enough and reporting all the infections. |
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If I remember correctly the odds for Mayweather in Betnomi is 1.01 I really can't tell if this match is worth placing bet for. Though we can assure that Mayweather would definitely the winner of this match the only event is just 1x2.
If I am not wrong, the withdrawal fee for Bitcoin is around $10 in Betnomi. So in case you make a bet on Floyd for $100 and he wins, then you may end up with a net loss of $9. (i.e $101-$100 = $1, after $10 withdrawal fee it becomes -$9). The other option is to make a bet in favor of Logan Paul. But as someone has already pointed out, any chance of his victory is less than one in a million. |
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From this post onward, I have added the market cap of Wrapped Bitcoin (WBTC) to that of Bitcoin. Earlier it was included within the altcoin section.
Maybe I do not know enough about the topic Bryant, but something seems wrong about such calculation, and maybe any kinds of coins that are supposedly tethered to BTC should constitute their own category - especially if there might be some lack of clarity regarding what they are doing exactly with those purported BTC.. and wouldn't it end up being a double counting of those BTC anyhow, to add it to the BTC count? In other words, wouldn't such BTC already be counted in the regular BTC market cap and valuation? So the fact that they are being held somewhere else or in some other way wouldn't take away from their already being counted in the regular BTC market cap. Maybe I am missing something about this angle of this topic? On a second thought, I think you are right. I went by the default method, which is used in the stock market. In the stock market, we usually add the market capitalization of all the listed stocks, even if some of these listed companies are partially owned by other companies which are also listed. I guess this method is not suitable here, as it will result in double counting. |
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After the 20K level was breached, there was hardly any resistance. Bitcoin went from $20,000 to $34,000 in less than a month. Even during the last 24-hours, the prices are up by $2,000 or so. I am not sure when we will experience the next major resistance level. But going by the current trend, I am not expecting it before $50,000. Those who purchased at around $20,000 may be targeting to do some profit booking at either $40,000 or at $50,000.
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I can now say with the utmost certainty that they were not idiots  That is obvious now, as they are sitting on top of 30% profit. However, I remember the case of those who purchased Bitcoin close to ATH levels in 2017 December. I read the case of one couple from Japan, who invested a lot of their savings in to Bitcoin at around $18,000 per coin. One media outlet conducted an interview sometime in 2019, when the exchange rates were $4,000 per coin. I don't know whether they dumped their coins or not, but if they held onto them, then they will be very happy right now. |
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ATK Mohun Bagan had another victory today (and that too by a good margin against Northeast United FC). Now they have 20 points and that means that they are marginally ahead of Mumbai City FC (who have 19 points). But Mumbai City has played one match less than ATK Mohun Bagan. @bryant.coleman mate, Are you watching the match? Looks like you're losing money today. Bad luck.
I already mentioned in my post that I am not making a bet for that match. I should have bet in favor of Mumbai City FC, but Kerala Blasters won the match before that and therefore I was in two minds. |
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If I remember exactly, European Union and SA government are working on regulation against kolpak deals to prevent draining talents out.
Many of the Kolpak cricketers have already received their British passports, and most of the remaining ones have been selected as overseas players by the county sides. Those who are left out are moving to other countries such as New Zealand and the United States. The recently started Minor League Cricket (MLC) has attracted large number of (ex) South African players to the United States. |
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Bitcoin is 12 years old and my association with Bitcoin is 8 years and 1 month old. I still regret the fact that I ignored Bitcoin when I first heard about it in 2011. But better late than never. Got my coins in 2012, for around $10 per coin. Lost most of it after a few months in a scam, but after that it was a life-changing journey. Back then, not even in my wildest imagination I thought that the exchange rates would increase by 3,400x. |
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I don't believe with vaccine right now because many bed news after testing in some country where vaccine not working well, many people have been die during covid 19 but one year after covid get simulated with vaccine still need testing more how to know vaccine is working well, we don't know when vaccine is working how distribution will be on time and how to make process for giving vaccine to many people without risk get positive covid 19 again.
No one is forcing you to take the vaccine. First of all, there is an acute shortage of vaccine even in developed nations such as the United States. They were planning to vaccinate up to 20 million people by the end of 2020, but they managed to administer the vaccine (first dose) only to 2 million by that date. So you can skip the vaccination slot (if you qualify for it) and the dosage will go to someone else in need. And regarding the side effects, so far I haven't heard about any deaths or permanent injury/handicap getting reported during the phase 3 trials. |
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I can imagine Warren Buffet farting uncontrollably after watching the latest Bitcoin rally. The current rally is a big tight slap to his face. Buffet was always overhyped as an investor. He managed to invest in the right stocks and he had a big capital to start with. There are several other successful investors out there, who started from the scratch. But they never got the same level of hype which Buffet received. Having thought of Justin Sun spending millions just to convince him over lunch just made things even sillier Justin Sun himself is a big fraud. So it doesn't surprise me that he try to advertise Mr. Buffet. He should use his millions to compensate those investors who lost their life savings after investing in the TRX shitcoin. |
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I also doubt that bitcoin's price will go down below $20K again because bitcoin is currently in the range of $34K, and more people are still buying bitcoin due to mass adoption. So I positively think that bitcoin will not go back below its $20K price, that is why I feel sorry to myself for selling most of my bitcoins too early.
Don't be sorry for selling your coins. I am someone who sold around BTC30 for $200 per coin (back in 2015). But I am happy that I still have some coins left in my wallet. Better than 98% of the world population who don't own any BTC, right? BTW, there is no guarantee that the prices won't go back to four-digits again. It has happened in the past, and it can happen in the future as well. |
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One concern that I have for USDT is if the SEC would classify this stablecoin as a security. I know that they are possibly working on that case, but let’s just hope that SEC would not target USDT next. I know that XRP has gone down the wire because of their pending lawsuit from the US SEC, but USDT’s collapse would be total chaos for Bitcoin, Ethereum and other cryptocurrencies.
I don't think that USDT can be defined as a security. It is the digital equivalent of US Dollar, or it is what the Tether foundation claims it is. XRP was always in a difficult position, because they had a 100% premine and more than half of all the tokens were being held by the Ripple Foundation. In short, XRP was like low hanging fruit and made an easy target for the SEC. I don't think that any of the other cryptocurrencies (including USDT) are in immediate danger. |
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Yes, I learned it in a hard way. Now I try to write down them in safe place in offline. I also suggest others to keep a back up in paper. Don't keep a digital copy as it's risky.
Compared to Bitcoin wallets, ERC-20 wallets are more prone to hacking. So if you have any ETH or ERC-20 tokens, then take additional precautions to secure them. And you need to remember that cryptocurrency transactions are irreversible. Once your coins are gone, you are not going to get them back. I am sorry for your loss, but you need to move on and be more careful in the future. |
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LOL.. this article was published less than a week ago, and the Bitcoin prices have increased by another $6,000 (more than 20%). I am a member of this forum since 2012. But I have never seen such a crazy bull run ever in my life. I remember what happened in 2013, and again in 2017. Those bull runs look very mild when I compare them with the current rally.
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How the table turns... if you think about it then this whole situation is quite hilarious from both sides. Few years back Australian media/ Experts / Almost everyone used to say that Indians are scared to play in the Australia but now every one says that they are scared to play in the certain ground. People forget that they are still playing in Australia's home turf be it Gabba, Adelaide, Melbourne or Sydney. Australian bowling was never this much weak. There was a time when they had Glenn McGrath, Shane Warne and Brett Lee in the playing XI. Before that they had Merv Hughes and Craig McDermott. Even after the McGrath-Warne era, they had legendary bowlers such as Mitchell Johnson and Shaun Tait. But look at the condition right now. The Indian pace/spin bowling attack is much better than that of the Australians. |
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At least some of the long term holders may be taking advantage of the current rally and booking profits. I am also liquidating a small part of my holdings. Early adopters like me purchased the coins, when they were extremely cheap. So it really doesn't matter whether Bitcoin is going to rally for another 6 months or not. But those who have very small holdings, need to hold on to their coins for at least one more year.
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According to the Bloomberg Covid-19 Vaccine Tracker, the number of vaccine shots administered have passed the 12 million mark. https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/Out of this number, 4.28 million are in the United States and just 103,000 doses have been given in Canada. Even taking in to account for the lower population in Canada, they have administered far fewer vaccines when compared to their Southern neighbor. For comparison, the state of New York has administered 237,000 vaccine shots till now. Trudeau as usual, is all talk and no action. Anyway, the Canucks got what they deserve. |
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Here are the latest stats, as of 3rd January 2021. From this post onward, I have added the market cap of Wrapped Bitcoin (WBTC) to that of Bitcoin. Earlier it was included within the altcoin section. Total market cap: $876,467,330,368 ( +21.48%) (All time high, around 10% higher than the peak level of 2018). Bitcoin: $636,082,722,096 (72.573%) Bitcoin forks: $10,719,023,429 (1.223%) Stablecoins: $28,567,926,171 (3.259%) Altcoins: $201,097,658,672 (22.944%) This is the change compared to my last post: Bitcoin: +2.970%
Bitcoin forks: -0.123%
Stablecoins: -0.483%
Altcoins: -2.364%As of 28th December 2020:
Total market cap: $721,501,598,964 (+11.93%) (This is still around 10% lower than the peak level reached on January 2018).
Bitcoin: $502,191,815,557 (69.604%)
Bitcoin forks: $9,711,905,465 (1.346%)
Stablecoins: $27,001,265,269 (3.742%)
Altcoins: $182,596,612,673 (25.308%)
This is the change compared to my last post:
Bitcoin: +2.033%
Bitcoin forks: -0.060%
Stablecoins: -0.355%
Altcoins: -1.618% |
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The match of Mumbai City vs Kerala Blasters will be held today. I am betting on Mumbai City today. Hopefully, I won't lose money.
I checked the odds, and most of the gambling sites have Mumbai City FC at 1.57-1.65 range. On the other hand, Kerala Blasters are at 4.80-5.20. I would have gone ahead and made a bet in favor of Mumbai City, but Kerala Blasters won their last match (against Hyderabad FC). I am not feeling 100% confident as a result of this, and for now I am going to skip this match. |
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