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401  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: August 31, 2021, 04:28:38 PM
Jaddu, Ashwin, Thakur batting at number 7,8,9 looks okay.

OK with the first two. But I am not in favor of Shardul. He seems to be the worst performing bowler among the available options. And IMO, Shardul can't be considered as an allrounder yet, as he is very inconsistent with bat. Adding him in to the playing XI (by replacing either Ishant Sharma or Mohammed Siraj) would considerably weaken the bowling attack. India needs their best pace bowlers to trouble the England batsmen (especially if they are planning to go with three pacers and two spinners for the fourth test match).
402  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: August 31, 2021, 04:16:35 PM
The base price for the two new teams in IPL is just crazy. I still remember when Rajasthan Royals won the bid with $67 million in 2008. The current base price represents almost 6 times increase since then. Still I believe that the expansion was long due. I would like to have IPL with 10 teams, and then each of these teams having a second division league on their own, with 10 teams each. For example, the Chennai Superkings could set up a mini-league on their own with 10 teams from Tamil Nadu and Kerala. Similarly, Delhi Capitals can have a mini-league of 10 teams from Delhi and Western UP.
403  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin better than Fiat? on: August 31, 2021, 02:11:13 PM
It depends on who you're speaking to. Each have their own pros and cons. Bitcoin can be better than fiat but it lacks the infrastructure to enable mass adoption and even after that's sorted we'd still have to worry about its limited supply.

Fiat is not an option considering how it has worked until now but it is what people use so adoption is there, infrastructure there it just misses the core function that BTC provides - transparency and immutability.

It really is a can of warms, none is yet perfect but we're leaning towards the next best alternative - and this may not be either of them BTC or fiat for some of the reasons above.

I am not sure whether lack of infrastructure can be taken as a negative for Bitcoin. Fiat currencies have existed for many thousands of years. The Mesopotamian shekel was first minted in BC 3000. On the other hand, the first cryptocurrency was mined only in 2009. So it is natural to assume that cryptocurrency infrastructure may take a few more years or even decades to get stabilized. But we are already moving at a brisk pace. With every passing year, cryptocurrency is becoming more accessible for ordinary people.
404  Alternate cryptocurrencies / Speculation (Altcoins) / Re: This bull makes all alts will make new all time highs on: August 31, 2021, 02:01:30 PM
Dear team


Btc crossed over 50k. So we are confident that btc will break new all time high before year ends. Maybe 100000 usd.
So all the alts will make new all time high.

Please keep your alts , dont sell now.. otherwise you will suffer.

Solana already broke ath, so that will the coin

Your argument is very weak. Essentially you are saying that Bitcoin is going up, and therefore the alts also "need to" go up. In real life, things are not that simple. Have you ever compared the userbase and acceptability of altcoins to that of Bitcoin? Bitcoin is miles ahead of all of them. Take the case of XRP or Polkadot as example. The overall trade volume may be high, because day traders love these coins. But what about the actual usage? Very few people use them for any purpose other than trading. And that makes me believe that these coins are overpriced.
405  Bitcoin / Bitcoin Discussion / Re: Next US president pro-bitcoin? on: August 31, 2021, 01:51:09 PM
What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."

Would Bob get elected? Or would majority of people not like Bob?

LOL.. such policies will make Bob a Libertarian. And Libertarian candidates usually receive around 2%-3% of the votes in the POTUS elections (back in 2020, Jo Jorgensen received 1.18%). So that gives you an idea how practical it is to make claims such as this one. Democrat and Republican parties are solidly behind the national currency (i.e the US Dollar). Trump is believed to be somewhat pro-Bitcoin, but even he won't approve what you have posted. So my prediction is that Bob would receive some 2% of the vote and zero electoral college votes.
406  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold or Bitcoin on: August 31, 2021, 01:41:12 PM
I don't need to list out the benefits of Bitcoin, because many users have already done that. So let me focus on gold. There is a false perception that gold is an asset with limited supply. That is not the case in reality. High-grade gold deposits are in limited quantities and that is the reason why the annual gold production is limited to 3,000-4,000 tonnes per year. But hundreds of thousands of tons of gold are trapped in low-grade deposits. These deposits are not even in consideration now, because it doesn't make an economical sense to extract gold from them. But as technology progresses, it may be possible to do so in the near future.
407  Alternate cryptocurrencies / Altcoin Discussion / Re: Be careful what you choose to invest in now, not all coins will recover. on: August 31, 2021, 01:29:51 PM
I remember 2017-2018 when many people invested in any token/coin...

That's really true, not all tokens/coins will recover when they are bear, even many of them become worthless and uninteresting. it would be better if you only invest in tokens/coins that are ranked in the top 100 market cap.

Back then many of the altcoins had crazy bull runs and went up in value by 100 or even 1,000 times. Investors were blindly pouring their money in to altcoin projects, without doing the slightest bit of research. The thinking was that if they invest in 10 different projects, at least 2 or 3 would return profits. That worked in 2017, when the success rate was around 20%. But in 2018, the success rate dipped below 5%, and many of the projects were overpriced to start with. That meant that even if a project was successful, the profits were not large enough to cover losses from the failed projects.
408  Bitcoin / Press / Re: [2021-08-21] Inside Afghanistan's cryptocurrency underground as the country plu on: August 31, 2021, 01:00:23 PM
Or maybe because they were using it wisely, with crypto mixers and stuff? Actually, I don't want to use the word "wisely" here because being a terrorist is not wise at all, in the first place.

The thing is that it looks like the Taliban doesn't want to be associated with terrorists any more. I think they want to be like Saudi Arabia these days: living under Sharia law and collaborating with Western countries at the same time.

They maybe using mixers, but it is impossible to find out. At some point they need to convert their BTC to fiat, and this step is going to be very tedious.

And it is funny that they don't want to be called as terrorists. I don't know what else should I label someone, who have done these atrocities in the past few days:

1. Massacred dozens of Hazara men, because they looked different from them (Hazara are mostly Mongoloid)
2. Cut off the hand of a young woman, for having nail polish
3. Young women shot dead, because their palm was "exposed"
4. Mentally challenged person executed and body thrown in nearby creek
5. Unmarried girls as young as 12-years forced to become third or fourth wives of Taliban terrorists

Do they have similar stuff in Saudi Arabia? Even if they do, I don't think that the mainstream media has the balls to label the Saudis as terrorists.
409  Economy / Economics / Re: Pakistan's Economy are going to crisis for Taliban? on: August 31, 2021, 12:48:11 PM
It seems that because of the Taliban, all the neighboring countries of Afghanistan will be in a fever due to the possibility of military and terrorist actions in this region. After the Taliban seized power in Afghanistan, the activities of various radical Islamist groups will intensify and the hotbed of tension in this region will inevitably grow. In response, the United States and other states will also take appropriate military measures and it is difficult to even imagine what this might lead to. A significant part of the active members of the Taliban consists of Uzbeks and other nationalities of Central Asia, and this military center can be transferred there as well. If this happens, then Russia will also be involved.
Therefore, difficulties will soon arise not only for Pakistan.

Uzbeks comprise around 8%-10% of the population of Afghanistan, and therefore you can naturally expect a few of them in the Taliban rank and file. But Taliban is dominated by various Pashtun tribes, with a large portion coming from the Kochi nomads. Dari (Afghan Persian) speaking groups are rare in Taliban, so are the ethnic minorities such as Uzbeks, Hazaras, Pashayis, Nuristanis and Pamiris. And countries such as Tajikistan and Uzbekistan are already concerned about the warfare spilling over to their territory. Tajikistan has already started providing arms and ammunition to the Northern Alliance (which is mostly comprised of Dari speaking Tajiks).
410  Economy / Economics / Re: Nigeria leads sub-Saharan Africa’s P2P bitcoin trade on: August 31, 2021, 12:38:30 PM
Nigeria can serve as an excellent example for the rest of Africa. If they choose the right path of development, of course.
It seems that they're not on the right path because they're central bank is the current antagonist of cryptocurrency in that country and you know that when it's the central bank then they also have the government as a backer for their decisions.

Correct. The central bank had a banking ban in place until very recently and even now Bitcoin is in the grey sector and not 100% legal in Nigeria. And I am not surprised by the hostility shown by the Nigerian central bank. In most of the third world countries, it is like that. In fact in countries such as Bangladesh, the situation is even worse. If the El Salvador experiment succeeds, then we can expect a profound change in the attitudes of the central banks in the next 1-2 years. But if it fails, then the future prospects will get more difficult for the users.
411  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: August 31, 2021, 11:46:13 AM
India now has a lot of talented players. So it is very difficult to make a potential team for their management. But they need to see which players have been able to adapt to experienced batsmen. Only new players who can adapt to Kohli and Rohit should be given a place in the national team.

Younger players don't have any experience of playing alongside Kohli or Rohit. And the Indian domestic sector hasn't witnessed any 4-day competition since 2019. This has adversely impacted the skills of yonger Indian players in the longer format. As it is clearly noticeable, many of them fail to adjust themselves to test format. How many times we have seen these players getting out, trying to play test matches the same way as they do in T20 matches? It would help immensely if the BCCI could organize a few India A tours to SENA nations.
412  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: August 31, 2021, 11:30:38 AM
Fantasy cricket not being considered as gambling is a huge gain for those behind these two apps. Being under aged and still able to participate is a big issue for online gambling platforms. Noting can be done unless they make KYC mandatory. BTW, do these fantasy cricket app ask their users to go through KYC or not? Most South Asian countries have made KYC mandatory.

As far as I know, cash deposit in fantasy cricket (in India) can be done only through bank accounts or using debit/credit cards. So there is no need to do KYC. None of the sites allow deposits in the form of cryptocurrency. So the government may tolerate them up to a certain limit. Also, these brands (MPL, Dream XI.etc) are heavy donators to various political parties and therefore they have good relationship with the politicians. On top of that, the government badly needs the tax revenue from such activities.
413  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: August 30, 2021, 03:42:28 PM
I don't totally agree with this because when we watch matches between big teams we know all of the players and its exciting to watch. For a match like this between Ireland and Zimbabwe, how many players you're familiar with ? To tell you truth, i did not know nay of the player in Ireland and only few for Zimbabwe.

However, if you are watching from the betting point of view, then its a different story because then your motive is to earn the money.

Nowadays tens of millions of cricket fans are very active in Fantasy cricket (Dream XI, MPL.etc). All of a sudden, fantasy cricket has achieved a larger than life image in South Asian countries like India and Bangladesh. It is mostly these guys who are closely following these type of matches. Also, these matches are very attractive for the gamblers, because the sportsbooks have a higher chance of underestimating various teams. From my part, I am a big fan of smaller countries like Ireland, and so I am interested in their matches although I am not in to fantasy cricket.
414  Bitcoin / Press / Re: [2021-08-21] Inside Afghanistan's cryptocurrency underground as the country plu on: August 30, 2021, 02:34:11 PM
Are you kidding? Do you really think it's possible for organisation like Taliban, or any other of such level, to be so uneducated in whole? Surely they have tech savvy people among them, and I wouldn't be surprised if some of them where hanging out on this very forum.

Overall I think Taliban government is going to embrace crypto because using it is not against Sharia.

I would still stick to my argument. Either they don't have enough cryptocurrency experts among them, or they don't think that Bitcoin is as convenient as the other methods for their purpose. Because there have been only isolated incidents linking groups such as Taliban and Islamic State with cryptocurrency, despite its anonymity and portability. And even in these cases, those who detained were not directly linked to these groups. As things stand now, they can easily accept funds or purchase weapons through the fiat route, as the Pakistan regime is friendly towards them. They may consider using other options such as cryptocurrency, if this situation changes.
415  Bitcoin / Bitcoin Discussion / Re: My friend got arrested in a p2p scam on: August 30, 2021, 02:09:17 PM
I have always used P2P platforms to convert my crypto to fiat (and vice versa) and every now and then I face issues. Fortunately, so far I have avoided serious trouble, because I only sell my coins to the top buyers with good feedback. But this is not a 100% risk-free method. Recently a lot of accounts of inactive users are getting hacked and the criminals are using these accounts to do scams. So be careful when you deal with anyone new to you, even if he has good feedback and trust rating. Check his feedback score and see whether all of them are recent.
416  Economy / Speculation / Re: Will $50,000 be the resistant price? on: August 30, 2021, 01:41:27 PM
We have been to >$50K manytimes before (most recently on 23rd August), so it proves that $50K is not a hard resistance level. I have watched Bitcoin moving past 50K on multiple occasions, and I couldn't notice any considerable lag at that level. I would say that the next major resistance for Bitcoin may occur at $64,000 (the current ATH level). That is the level when short-term investors are likely to book their profit. And I am expecting six-digit figures (i.e >$100,000) before the end of this year.
417  Economy / Economics / Re: Bullish or nuts? Fidelity predicts $100M bitcoin in 2035 on: August 30, 2021, 01:30:24 PM
Expect this as many people or institution trying to became relevant or want to create a noise and get a free publicity to the bitcoin users community that's why some other like this release a high price prediction so that there name will also be mentioned for their released speculation. But lets stick to reality and  provably we will not see that price as that figures is so expensive to be bought by many people and I think the demand will get affected if the price surge so high as people cannot afford it anymore.

What is the most bullish scenario we could ever imagine? For me, it is fiat currencies collapsing due to ballooning federal debt and hyperinflation. Under such a scenario, assets such as gold and bitcoin, which are protected against inflation will be in high demand. Now the question is whether the figure of $2 quadrillion USD is fair. For me, it is noway near reality, and even under the most bullish scenario, we won't be able to reach that figure. But I have to agree that 2035 is a long way away. Still 14 years to go... and Bitcoin has been in existence for only 12 years.
418  Economy / Speculation / Re: Bitcoin dominance hits 57.7%, alts lagging behind on: August 30, 2021, 11:43:11 AM
Latest stats from 30th August 2021.

Total market cap: $2,066,953,647,601 (-4.10%)

Bitcoin: $900,595,644,465 (43.571%)
Bitcoin forks: $17,504,933,387 (0.847%)
Stablecoins: $116,438,224,977 (5.633%)
Altcoins: $1,019,196,912,131 (49.309%)
Tethered BTC: $13,217,932,641 (0.639%)

This is the change compared to my last post:

Bitcoin: +0.145%
Bitcoin forks: +0.026%
Stablecoins: +0.273%
Altcoins: -0.456%
Tethered BTC: +0.011%


Latest stats from 24th August 2021.

Total market cap: $2,155,365,760,218 (+13.02%)

Bitcoin: $935,990,986,442 (43.426%)
Bitcoin forks: $17,685,623,477 (0.821%)
Stablecoins: $115,529,035,643 (5.360%)
Altcoins: $1,072,611,876,911 (49.765%)
Tethered BTC: $13,548,237,745 (0.629%)

This is the change compared to my last post:

Bitcoin: -0.762%
Bitcoin forks: -0.042%
Stablecoins: -0.638%
Altcoins: +1.456%
Tethered BTC: -0.013%
419  Economy / Gambling discussion / Re: [Boxing] Canelo Alvarez vs Caleb Plant on: August 30, 2021, 11:25:04 AM
If Plant won, then it will be his and his promoters' decisions to ask for more, upsetting Canelo is really tough, but we never know until we see them inside the ring fighting.

There are materials that both camps will use to find which aspect they can get the benefits of and try to work it out when meet their opponents inside.

Winning against Canelo will bring him on much higher place and the money that will flow for him is far from his imagination.
let see if he has that luck aside from his skills that very important during the fight.

Plant is someone who has nothing to lose and in this fight, he is the underdog (and that too by a distance). Defeating Canelo is not that impossible. If an ageing GGG could come close to doing that in 2017, then there is no reason why a young Plant couldn't do it. For me, this fight has eerie resemblance to the recent match between Manny Pacquiao and Yordenis Ugás. The weight class is different, but there also no one really expected Ugas to score an upset victory. If by any chance Canelo losses to Plant, then he will witness a steep fall in his market value.
420  Economy / Economics / Re: Bullish or nuts? Fidelity predicts $100M bitcoin in 2035 on: August 30, 2021, 11:15:49 AM
Usually the predictions from the bullish supporters are theoretically possible. But in case of this particular prediction, it is not even theoretically achieve this figure. Let's examine. There will be around 20 million coins in circulation by 2035. Going by the rate of $100 million per coin, that means a market cap of $2 quadrillion, which is around 5 times the current global wealth. In order for this to happen, first the global wealth should increase by 20-50 times, and then Bitcoin should constitute a large fraction of that wealth.
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