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3281  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 09, 2020, 05:57:41 AM
Look at the points table. Mumbai Indians and Delhi Capitals are on top, and they deserve to be there. DC has played one match less than MI, and they have 4 wins out of 5 matches so far. If you ask me, Delhi looks like the strongest team in this IPL. They have a very balanced team, and the most cool headed captain in this tournament (Shreyas Iyer). This young man achieved a lot, when heavyweights such as MS Dhoni (CSK) and Virat Kohli (RCB) failed to lead their own franchises to victories. And if I am not wrong, DC has the youngest squad in this tournament.
3282  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 08, 2020, 07:26:14 PM
Today's win by SRH once again proved that teams that depend heavily on one or two players may not perform in the long run. KXIP were very dependent on KL Rahul and Mayank Agarwal. Both of them failed, and it was left to Nicholas Pooran and the inexperienced Indian players to chase the target. They also made the wrong decision by leaving out Karun Nair. He could have added experience to the squad, and could have provided support in the middle order. The local players such as Prabhsimran Singh and Mandeep Singh failed to handle the pressure once the two star openers got out.
3283  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 08, 2020, 04:20:24 PM
Are you guys watching today's match between KXIP and SRH? SRH is batting superbly. It's now 159 runs in 14.4 balls and even they did not lost any wicket yet. So we can expect the total will cross 200 runs easily. what do you think, can KXIP chassed the total will be?

I was expecting them to make a total of around 230-240 at this point. But then Warner and Bairstow fell to Bishnoi in the same over (16th) and the no.3 and no.4 batsmen were unable to keep the scoreboard ticking. Promoting inexperienced Abdul Samad to the third slot failed big time. Do Warner really think that Samad is better than Williamson? Despite Pooran dropping him once, he could only make a single digit score.

BTW... very bad start for KXIP. Mayank Agarwal run out, thanks to poor support from KL Rahul.
3284  Bitcoin / Bitcoin Discussion / Re: BITCOIN basher, the Liar 'John McAfee' is finally Arrested on: October 08, 2020, 06:21:41 AM
This guy probably did more damage to the cause of cryptocurrency than everyone else combined. The new users may not be aware of what he did in 2017 and 2018. John McAfee promoted several scam ICO projects, despite knowing that they are all fake. He received $105,000 each for every tweet he made for these projects, and received millions of USD for promoting them in other social media platforms. With his arrest, I hope that the victims of these scams may receive at least some form of compensation.
3285  Economy / Economics / Re: Stocks fall down due to trump catching the virus on: October 08, 2020, 06:03:23 AM
It's absolutely related. Any time there is potentially huge changes to the way the American government runs, it creates uncertainty in the market, and uncertainty is almost universally guaranteed to make the markets go down.  Uncertainty is the one thing the markets hate more than anything else.  When the president contracts the virus in the middle of the global pandemic it's causing and the market drops, you can bet your bippy those are related and not a coincidence.

Anyway, markets have recovered now. Trump seems to be recovering (if not completely recovered already), and his mild infection surprisingly helped to alleviate a lot of misconceptions and fear-mongering about COVID 19. This may turn out to be a boon for the stock market. Trump's recovery just proves that COVID 19 rarely gets lethal. It's fatality rate has remained less than 0.1% for healthy people in the working age.
3286  Economy / Speculation / Re: COVID-19 Vaccine Will Cause Bitcoin Crash on: October 08, 2020, 05:07:16 AM
That's my side too, honestly I did not expected that someone will make a thread just for telling that bitcoin will crash because of creation and supplying of Covid 19 vaccines. I don't see any relations at all. The industry of medicines cannot affect bitcoin's price, at least not much. Probably it can make some slight changes to the price, but that does not mean that it is negative. What if the other side? Where covid 19 vaccines might have positive change for bitcoin's value. Ultimately it's  a short time effect.

A lot of FUD floats around here and normally I ignore most of them. If you remember, we were expecting a spike after the block reward halving in May 2020. That never realized, because the markets crashed as a result of the COVID 19 pandemic. The stock markets recovered eventually, however the Bitcoin exchange rate remained at the same level. So I am hopeful that once the pandemic is over, there will be a big recovery in Bitcoin exchange rates.
3287  Bitcoin / Bitcoin Discussion / Re: Why do people avoid bitcoin? on: October 08, 2020, 04:50:47 AM
here bitcoin plays an important role in finance and ease of development, but sometimes people are afraid to save a lot of money in a bitcoin wallet for fear of being hacked, forgetting passwords or writing errors that will disappear quickly, this is our consideration. It should state that everything is safe and comfortable in bitcoin. I have read the article about this, I think it should be fixed and straightened more carefully and stronger against hackers.

Well.. I am using Bitcoin since 2012. I have used all types of wallets, including online wallets, desktop wallets, paper wallets, brain wallets and even exchange wallets. I haven't used hardware wallets because I thought that they are too expensive. There was a time when I used to store up to 15 BTC in my BTC-e wallet. It stayed there for 2 years and no one stole it. I didn't even had 2FA. What I am trying to say is that there is always a risk of someone stealing your coins. But it is rare, and if you take adequate security precautions, then you can prevent such robberies. 
3288  Economy / Economics / Re: Waiters/Waitresses/bellboys etc just lost their jobs on: October 08, 2020, 04:37:39 AM
I just watched the whole video and this is what technology growing creates robotics conquering the human race. Many people have lost their jobs because the robots created yearly increases. This saddened those people who can’t find work, wants to compete with this technology that people adopt nowadays. In my view, I still prefer humans that can interact with people, and a lot of services can offer.

There is a lot of propaganda going on, with hardly any truth in them. Just ask yourself. Has the unemployment rate gone up during the last 2-3 decades? We already have a fair deal of automation present in almost all the sectors. It has made the life easier for a lot of people. Cost of production has gone down in manufacturing units, and efficiency has increased. And on the other hand, there is not an iota of truth in the claim that automation has caused an increase in the unemployment rate.
3289  Economy / Economics / Re: Does China plan to go communist? on: October 08, 2020, 04:06:19 AM
Interestintg topic, I mean I assumed everybody knew that china was a communist country for over 7 decades now, that is over 70 years of being communist, how did you managed to not hear about that at all? Sure there are smaller nations we have no idea how they are ruled as well, I have no idea how Nicaragua is ruled, but this is China, they are one of the most famous nations in the entire world, for better or worse they are known by almost everyone, how did you hear about China but not about communism?

Also it is not communism that ends bad, it is dictatorship that ends bad, Soviet Union had dictatorship, and almost all fascist and communist radical nations in the world have authoritarian regime, which is why I believe only few places like Cuba is good.

Apparently you didn't give enough attention to the post from OP. Here are the major points:

1. China is having a Marxist system in place now, which is transitioning to pure Communism
2. OP is worried that in case they implement socialist policies, then innovation and free market may take a hit
3. What will happen to the Chinese military, in case they implement the Socialist policies.

I would rather disagree with the OP. Socialist policies existed in China for at least 7 decades. And from the 1990s onward, they have been sidelining these policies, and implementing pseudo-capitalist measures. So actually the Chinese economy is transitioning from a Marxist system to a Capitalist system, and not from a Marxist one to a Socialist one.

Socialism is a failed ideology. The Chinese understand this.
3290  Economy / Speculation / Re: Guys avoid panic sell... on: October 08, 2020, 03:53:36 AM
I am absolutely against panic selling. But at the same time, we can't hold on to all of our savings for an infinite period of time. At some point, you need to sell at least a part of your savings, in order to book profits. What we need to do is to come up with a detailed plan, on how much of the holdings should be allotted for long-term storage, and how much of it should be allotted for profit booking.
3291  Economy / Gambling discussion / Re: [Boxing]: Manny Pacquiao vs. Conor McGregor on: October 08, 2020, 03:37:10 AM
If the odds are greater than +900, you can bet on both outcomes of the battle and get a guaranteed profit. Therefore, unfortunately, we will not see such a coefficient. Or you will have to wait for such a chance when betting during the battle. This is the only chance to get such a coefficient.

No. That is not possible. You can bet $100 on Manny and $100 on McGregor. If McGregor wins, you will get a profit of around $400. On the other hand, if Manny wins, then you fill end up with a loss of around $90. That is how sports betting works. If what you are claiming is true, then all of the gambling sites would be bankrupt in a matter of few days. Anyway... if I make a bet on this match.. it will be in favor of McGregor. But I haven't decided whether I should go for it or not.
3292  Economy / Economics / Re: Not enough Corona Virus Vaccine until 2024, at earliest on: October 08, 2020, 03:26:57 AM
Till now the WHO hasn't approved any vaccine against COVID 19. Hope that answers your question.

Since COVID 19 is caused by a virus, it is almost impossible to manufacture a vaccine that is 100% effective. Many of the health agencies are saying that they will approve a potential vaccine, if it's proven to be 50% to 70% effective. Russia and China has started mass-production of their vaccines, although these don't have the approval from the WHO.

Hopefully the mass-produced vaccines by Russia and China are really effective in overcoming this problem.  Because in the absence of a truly effective vaccine, the world's depressed conditions will not be saved.  I even fantasized that the world would look like the series the walking dead.  That's so bad man.

It looks to me that China and Russia are conducting the mass-vaccination drive without enough evidence regarding the efficiency of the vaccine. Well.. you have two options here. The first option is to go ahead with the vaccination, using a vaccine that is having doubtful efficiency. The second option is to wait for another 9 to 12 months, so that the WHO would approve a certain vaccine and make it available in the market. Let me know which option works for you.
3293  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 08, 2020, 03:16:01 AM
CSK wins the cap for the most inconsistent team in this IPL Grin.

I would disagree. CSK is one of the most consistent teams in this edition of the IPL. They have lost 4 of their last 5 matches. The sole victory (against KXIP was made possible by individual performances from Watson and du Plessis rather than any team effort). Anyway, this was expected even before the start of the tournament. What do you really expect from a team, where the majority of the players are in 35-40 age group? It won't work in T20 format.
3294  Economy / Economics / Re: Not enough Corona Virus Vaccine until 2024, at earliest on: October 07, 2020, 06:16:10 PM

Till now the WHO hasn't approved any vaccine against COVID 19. Hope that answers your question.

Since COVID 19 is caused by a virus, it is almost impossible to manufacture a vaccine that is 100% effective. Many of the health agencies are saying that they will approve a potential vaccine, if it's proven to be 50% to 70% effective. Russia and China has started mass-production of their vaccines, although these don't have the approval from the WHO.

Hopefully the mass-produced vaccines by Russia and China are really effective in overcoming this problem.  Because in the absence of a truly effective vaccine, the world's depressed conditions will not be saved.  I even fantasized that the world would look like the series the walking dead.  That's so bad man.

It is difficult to confirm whether the vaccines made by Russia and China are working or not. Because it may take many months to analyze the data and measure the efficiency. From what I have seen, the infection rate has remained almost unchanged in Russia. But then, they have just started the mass vaccination drive. China has also started mass vaccination among the members of its armed forces, but that data is even more difficult to get hold of.
3295  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 07, 2020, 06:06:28 PM
I don't know what is wrong with CSK. This was a match they could have easily won. They had the advantage up to the 16th or 17th over, when Kedar Jadhav came and just dug in without scoring any runs. He even refused to take singles and pass the strike to Jadeja. And this has happened to CSK at least 2-3 times so far in this tournament. I don't want to go in to various conspiracy theories... but can't ignore the fact that CSK was suspended for two years in the past for match fixing.
3296  Economy / Economics / Re: "Humans will not be replaced by robots very soon" --- yeah right !!! on: October 07, 2020, 05:46:23 PM
It might look like that on the surface but this is happening, the future we are looking for is now. A lot of task has been taken over by robots. These are jobs that emplyed thousands of people in the past. Amazon has piloted drone delivery and some of these companies are also deploying robots, the AI driven cars is almost a thing and that would make thousands of drivers jobless. I will advice you to adapt to the current reality

If your claims are accurate, then we'll be witnessing a steep jump in the unemployment rate during the past few years. But that is not the case. With a few exceptions, the unemployment rate is going down all across the world. And this is despite the fact that the global population is increasing at a steady pace. So what we can conclude from this? I would say that automation is creating more jobs, than it is removing.
3297  Economy / Economics / Re: Rise in US unemployment. Thoughts? on: October 07, 2020, 05:33:05 PM
The fact is that until now the vaccine has not been confirmed to be effective even though it has started to be mass produced by Russia and China.  Without a vaccine, the US economy will be overshadowed by a prolonged recession and worsening unemployment in the US.  A genius leader in the field of economics is needed to steer the country's economy away from the recession.

Don't be so sure. Even without the vaccine, the US economy is recovering, albeit at a slow pace. The job figures for September shows that the unemployment rate has gone down. If an efficient vaccine becomes available in the market sometime soon, then we can expect the economy to rebound at a good pace. But until then the recovery will continue, at a reduced speed.
3298  Economy / Economics / Re: Food prices doubled this year on: October 07, 2020, 05:19:37 PM
Don't expect the increase in salary because unemployment is at its peak so there is no reason for your salary to be increased,if you are from a country where the unemployment is under control then you can expect such things.In my country people are losing their jobs,business also going down on most sector better we need to survive before expecting the increase in our standard of life.

Many of my colleagues are working with reduced salary. They are saying that taking a pay-cut is much better than going without a job. A few of my friends have lost their jobs, and they are in very bad shape now. On the outside, the economy seems to be recovering, but some of the sectors were very disproportionately affected. I guess I am lucky, because my company hasn't cut any positions till now.
3299  Bitcoin / Bitcoin Discussion / Re: How to make old people understand Bitcoin? on: October 07, 2020, 05:02:22 PM
Actually some old people doesn't gives interest to what bitcoin is. In my experience, they have difficulty to understand easily the true meaning of bitcoin. So we have to tell them in an easy way that they can easily get what’s the use of bitcoin. We have to show them using our gadgets and be patient since they can catch up on the process of how it works.

The actual reason is that in most cases they are afraid of getting scammed. We can't blame them really. In the recent past, we had a few multi-billion cryptocurrency scams such as Onecoin and PlusToken, which mostly targeted the elderly people. The media also went overboard with these scams. If we could convince them about investing in cryptocurrency, then we may get good response from this group. 
3300  Economy / Gambling discussion / Re: US 2020 Elections data, polls and bets on: October 07, 2020, 04:50:41 PM
It is a tight contest. Joe Biden is not a push off politician. He has been around for long and there experienced too. I expect stock volatility as November approach. We all need to be careful with our investment because stock market will highly be affected as the election draws up.

US stock markets (NYSE as well as the NASDAQ) have performed exceptionally well during this pandemic season. Even today, the Dow Jones is up by 1.5%. Trump's 4 year term was really good for the investors. The indices went up by 40%-50%, and this happened at a time when the annual rate from the 10-year old treasury bond had dropped to around 1.3%.
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