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%Another round of hammering for the altcoins.
As of 23rd December 2020:
Total market cap: $644,601,851,260 (-1.04%)
Bitcoin: $435,559,726,820 (67.570%)
Bitcoin forks: $9,063,510,413 (1.406%)
Stablecoins: $26,412,377,495 (4.097%)
Altcoins: $173,566,236,532 (26.926%)
This is the change compared to my last post:
Bitcoin: +2.170%
Bitcoin forks: -0.049%
Stablecoins: +0.117%
Altcoins: -2.238% |
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I see similarities between 2017 and 2020 regarding this rise in bitcoin. If this scenario is true then the peak of the increase in bitcoin will occur in the middle or end of 2021. Of course this refers to halving of bitcoin in May 2020. But everyone must be aware of current market conditions, we never know where the next price will go and that's all. depending on supply and demand. The block reward halving event of 2020 was the third such event in the history of Bitcoin. The first halving event occurred in November 2012, and the peak prices were achieved after 13 months, on December 2013 ($1,261 per coin). And the second event occurred in July 2016, and the peak prices were reached after one and half years, on December 2017. Now the third halving event had occurred 6 months ago, and we don't know when the new ATH will be attained. Looking at the previous events, it is going to take 12-18 months from the date of halving. |
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The fee is calculated in Satoshis/Byte and it will remain constant irrespective of the exchange rates. That means that when you translate the transaction fee to fiat currency, it becomes more and more expensive with the rise in exchange rates. For example, if the transaction fee is BTC0.0001, then you will be paying $1 when the exchange rate is $10K. But when the exchange rates increase to $30K, you will be paying three times that much in terms of fiat currency, although in terms of Satoshis, the fee remains constant.
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Worse than a natural disaster have happened around the globe. With the pandemic people have affected physically, mentally and economically. If natural disaster or anything against the atmosphere could affect the growth, then it should've caused a big decline for bitcoin. What we experienced is the growth, and this means bitcoin is independent and has the potential to overcome any form of disaster depending on the support from people.
It is not that simple. When the pandemic peaked during May 2020, we had the block reward halving with Bitcoin. Everyone was expecting a big spike in the exchange rates, but it never occured. And IMO, one of the reasons for that was the pandemic. But despite the initial slump, the mainstream markets recovered to the pre-pandemic levels in a few months time (which is clear if you look at the stock market indices). And this means that pandemic had no lasting impact on the mainstream economy as well. |
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It would be nice to get to see the source of the data but still this is impressive growth, if anything I am surprised there are some stocks that are kind of close to the performance of bitcoin but that is because you are comparing the performance of the last 5 years, if this was a comparison of the first decade of bitcoin against almost any other asset we will see that nothing has been more profitable than bitcoin during the past decade, and there are reasons to think that this decade could still see bitcoin being the best performing asset in the entire world.
You should compare Apple to Apple and not with Oranges. Many of the companies that are listed by the OP went for their IPOs, years after they were formed. On the other hand, Bitcoin was first mined in 2009 and it was traded for the first time within a few months after that. If you really want to compare, then the comparison should be made with corporations such as Apple and Amazon after taking their pre-IPO prices. |
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I have tried to understand the cricket game properly. I have to understand the game rules and odds before venturing into betting. I like to bet but it’s better to understand the game
You must understand the game properly before you can bet. It is very important. You cannot predict this game if you do not understand the game properly. You must first know the rules of ICC. Then you watch the games between different teams. Cricket is not too difficult. I hope you will understand after watching a few matches. If you do not understand something, you must ask questions in this thread, everyone will help you. LOL.. this is just ridiculous. Why should someone who doesn't even understand the basic rules of cricket make a bet on any of the matches? Seems like this Crptomagma guy is having too many coins in his wallet and he wants to get rid of them.  In my gambling career, I have made bets on cricket, football, boxing and basketball. I have refrained from making bets on other sports, simply because I don't have a good understanding of their rules. |
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If Ajinkya Rahane can win this test series for team India then he may become dedicated test captain for team India I guess since Kohli is can't able to express his full potential while captaining the team for a while so let his captain burden down for longer format so India's run machine can keep producing in the matches.
I am not sure whether the BCCI has enough courage to make Rahane the full-time test captain. Kohli and Damaadji (Shastri) are not going to accept this graciously, and Rahane for sure will be facing a lot of hostility. But personally I believe that this will be a step in the right direction. Kohli needs to be told that captaincy is not his birthright and he needs to improve on his performance as a captain. |
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I believe Kerala Blasters will win today's match. They don’t disappoint their spectators today. Although looking at the points table we can see, Hyderabad is above Kerala. The match will be held shortly, I will not bet on this match. But I think Kerala will win today.
Did you made a bet for today's match. It seems like today is your lucky day, as Kerala Blasters FC defeated Hyderabad FC 2-0. Jordan Murray and Abdul Hakku scored the goals for Kerala. However, Blasters haven't made much progress as far as points are considered. They are at 9 points from 8 matches, while Hyderabad also have the same number of points from the same number of matches. |
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I don't remember reading or heard anything about franchises raising this issue yet, i might have missed that.
I am not fan of restricting franchise to retaining only 4 players as making a winning combination for the squad takes some times, its kinda weird that one franchise investing time and resources on the player and in next auction another franchise robbing them and fans also gets confused as sometime they are more loyal to their fav players instead of franchise so it would be good idea if they increase the limit to 7-8 players or may be increase franchise overall budget to 20-30% so that they can buy back their existing players (the ones performing good or attracting higher bidders) Why can't they remove the budget cap? Why should the BCCI put a cap on player salaries? Obviously there is an argument that if the salary cap is not there, then weaker franchises would struggle to retain their players. But that goes against the spirit of free choice. If a franchise can't afford good players, then they should not be participating in the IPL, period. In the end, players are going to benefit in the form of increased salaries. |
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There is no reason to convert your Volatility coins into fiat when we already have stable coins like USDT, USDC and DAI, I'm sure many people are just realizing that now, USDT is the most popular stable coin and some have a bad feeling about the stable coin because it's centralized, the fact is look around you, even decentralized coins aren't safe
I think people have a bad feeling about it because it's not transparent, no? Centralization isn't inherently a bad thing. The thing that makes something untrustworthy is an inability to understand how it functions, whether it's centrally run or not. The fact that no one can verify USDT is backed by anything is what makes it risky. Centralization is bad, because the Tether foundation can freeze your tokens without a valid reason. The IRS and other government agencies can seize your wealth, if they are stored in centralized coins such as USDT. Bitcoin was invented by Satoshi Nakamoto in 2008, mainly to prevent such incidents. There was a reason why he went for a decentralized coin with no central authority. Stablecoins such as USDT and centralized cryptocurrencies such as XRP are exactly opposite of what Satoshi had in mind. |
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Jadeja become better batsman after this year's IPL, not sure what is the reason but it is really a good thing for India. And also the way Gill approach was positive than what other players doing in the first Match. I don't think the rain will spoil the party, looking forward to see the comeback of Indian innings more stronger.
Jadeja always had the potential, and during this series he got the opportunity since the top order batsmen failed. And regarding Gill, he looks to be much more confident when compared to Shaw in the first match. It will be quite a surprise if India manages to win this match, without their star players such as Virat Kohli, Rohit Sharma and Mohammad Shami. And it will be a significant boost to the captaincy of Ajinkya Rahane as well. But right now it is too early to reach any conclusions. What happened in the first test is still fresh in my mind. |
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Because for me that's the money fight, whatever angle you look at it. We all know that he is all in for the money, then a Pacquaio fight will set boxing records again, but he refuse, for whatever reason. And then fight for exhibition for less money?
In case the GGG vs Canelo though, Canelo doesn't want to give GGG a rematch.
And Floyd being Floyd, chooses a non boxer to fight, yes a bigger man, but as far as ring experienced, he has nothing, easy fight for Mayweather.
And for the sake for the argument that a boxer shouldn't rematch someone because they beat them convincingly, take Donaire vs Darchy, Donaire knock him out for good, but they met a year or two later for a rematch because Darchy is asking for it, same result.
As far as Mayweather is concerned, he has earned as much as he wanted to earn from boxing and that is why he is not interested in another fight against Manny Pacquiao. He is retired from professional boxing and he doesn't want to go back. A few exhibition matches would keep him entertained for the next 2-3 years and should provide him with enough pocket change. |
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You are right but i still don't see any possibility of 5 foreign players in the squad anytime soon. Although i do like the idea of introducing extra spot for them and i am in favor. As far as undeserving - nonperforming players are concern, franchise do release such players every year and they are doing the same for next season as well. https://cricnerds.com/ipl-2021/ipl-2021-released-players-list/If I am not wrong, some of the franchises have already raised this issue with the BCCI (regarding the limit of 4 overseas players). Maintaining the quality would be very difficult, if they stick with the limitation of 4 overseas players, and then increase the number of teams to 10. Another issue is that the franchises are allowed to retain a maximum of 4 players, which will make it very tough for the new teams to get quality players. |
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OP is not making the correct comparison. In 1997, Kleiner Perkins got 14% ownership of Amazon, for $8 million. At current prices, the 14% stake would be worth $223 billion, which represents an increase of 2,782,500%. Similarly, in 2005 Yahoo got 40% ownership of Alibaba for $1 billion. The same stake would be worth $255 billion at current levels. This represents a ROI of 25,500%. I can give you dozens of similar examples.
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I truly believe it has failed. I got into bitcoin back in 2012, and back then it truly felt revolutionary; a group of genuine cypherpunks promoting the name of bitcoin and creating useful services on top of it in order to provide true decentralisation and the removal of banks. Now, here we are, with mining growing increasingly more centralised with ASICs and everyone celebrating the arrival of banks buying up all the limited supply, using centralised services (trading, wallets, etc.)
I really miss when this space was small, and there was a genuine feeling of community within it. I think we all knew this day would come, but perhaps slightly differently. I remember when even on here coins with a 1% premine would be laughed at and die on arrival, and here we are asking for huge centralised teams and a 40% premine can be shrugged off. I love crypto, I really do. I'll never truly leave this space, but I do feel bitcoin has failed to be what it was meant to be.
I don't agree with most of your statement. Despite the entry of banks and other wall street giants, Bitcoin has maintained its centralized character. And to claim that banks are buying up the supply is completely wrong. Vast majority of the Bitcoin supply is owned by individual investors and the coins are stored in personal wallets. The banks and other centralized institutions don't even own 10% of the supply as of now. And regarding premined coins, you need to remember that many of these coins are not doing great. XRP had a 100% premine, and it is almost destroyed now. Many of the other coins with similar premine levels are also going to end up like XRP. |
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@Carlton Banks. Paypal's adoption of bitcoin and the cryptospace might entirely not be that bizzare. They want part of the billion trading cryptocoin market through trading fees. This is a new revenue stream by turning millions of their users into cryptocoin gamblers hehehehe.
The annual revenue of the largest cryptocurrency exchange in the world (Binance) is only a small fraction of that of PayPal. So I am not sure whether this move was necessiated by the urge for increasing the revenue. IMO, the real objective may be to increase the user base, as new registrations for PayPal has remained stagnant in most of the developed nations. |
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Chances are that Satoshi Nakamoto is a single individual, rather than a group of people. 13 years have passed since the original white paper was published. If it was a group of people, then at least some of them would have tried to capitalize on the coins which were mined by them in 2009. According to the conservative estimates, the "Satoshi coins" amount to at least BTC980,000, which is worth $26 billion as per the current exchange rates. Who will be lunatic enough to let go this huge fortune?
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Is it possible BTC price will reach 30k by end of year? I believe that may happen.
Anything is possible with Bitcoin. When there is movement, Bitcoin goes up or down by as much as 15% in a single day. I was checking the charts for today. In the morning, the exchange rate was $24,800 per coin. Then the rally took it to $28,200 before a slight correction took it back to slightly lower levels of $27,000. The overall momentum is clearly on the positive side. 30K is achievable within one week. But I am not sure whether these levels can be maintained in the long run. From my experience, I would say that if a major correction occurs, then the prices can remain at a depressed state for a few months. |
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I truly don't trust the COVID-19 vaccine because it is not 100% tested as a cure and prevention for the virus, so it is hard to tell if it will help you or will make everything worse. I will only take the vaccine if it is proven that it can lessen the virus cases worldwide. There is also a new COVID strain that was discovered in other countries, so can this vaccine help us from this new COVID strain?
No antiviral vaccine can ever be 100% effective. The vaccines from Pfizer, Moderna and the Gamaleya Research Institute have 90% to 95% efficiency, and that is the maximum you could expect. And regarding the new strain, the mutation doesn't make the virus resistant to the vaccine. It just makes the virus more contagious. The vaccines should be having the same rate of efficiency against the new strain. |
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Oh! By the way, I followed this coin, and to be honest, it seemed to me an absolutely empty project (especially after the collapse and after they abandoned their roadmap and decided to rewrite the project on the bitcoin blockchain). Are they still working/creating visibility on the project? I gave up watching them long ago.
In that case my bad. I just wanted to give on example. I sold most of my coins in 2018, but back then it looked like the developers were still working hard to revive the project. Even in 2019, the community was quite active and hot fixes and new wallet versions were being released. It was a promising project, and at one point the exchange rate topped BTC0.001 per coin. |
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