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521  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 10, 2017, 02:17:23 AM
This match is already one sided because Bangladesh fielding and bowling is lower then average  I was big fan of them in New Zealand tour but today they was really awful tonight they need to think about this because now they have no time to recover this all just play some good game if they want to avoid humiliated defeat here 
Bangladesh has to improve their slip fielding and in test matches slip catching is an integral part and every team employs the best catchers in that position and even in the New Zealand tour they have dropped a lot of catches in that area at least they dropped over 20 catches in the series which is really bad for an international team.

All that is water under the bridge. India already have a score of 350+ runs and have lost only 3 wickets. If India score another 200 runs, Bangladesh can forget about even trying to draw this match.
522  Economy / Speculation / Re: Sell or wait? on: February 09, 2017, 01:58:10 AM
In my opinion its better to wait to see what happens on march with the EFT, if it receive the approbation bitcoin could make a big increase on its price.

i don't this so. if the ETF can have any kind of effect on bitcoin, that would be a temporary one where it gets hyped up a lot and then price has a sudden rise kind of thing and in then end we are left with a small bubble and coming back from it.

Even if the effect is temporary, the ETF will have a positive impact.
You can try and sell your coins after the price increases, rather than selling it now.
523  Economy / Economics / Re: Reason why you should Buy bitcoin now on: February 09, 2017, 01:32:53 AM
Don't be a hesitant user thinking that you have missed the right time to make a better earning. If you can afford buy now, you might get benefited now or later. Because the volatility have decreased a lot but it haven't stood in a same price for a long without variation.
yes i agree with you. i think it is still good time to make money from investing in bitcoin. because there is too much potential in the price of bitcoin, and very soon the price of bitcoin is going to cross 1200 USD in first step and after that the price of bitcoin is going to cross 1500 USD level and in the end of 2017 it is expected that the price of will cross 2000 USD level . therefore i think it is still good time to invest and buy bitcoin.


The price could really skyrocket if the Winkelwoss twins' ETF receives approval. March 11th is the date we should all be keenly watching out for. I definitely am not selling my coins until then.
524  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 09, 2017, 01:30:44 AM
India vs Bangladesh first and the only test starts tomorrow. Prediction: India should win this easily as it is happening in India. Indian bowling looks good and filled with youngsters looking to prove themselves.  Batting is dependable as well. I'm not sure how well Bangladesh's playing right now but India is currently one of the best teams in the world to beat. It's not going to be easy for Bangladesh.
Its not a easy match for India, because Bangladesh is a team which has got young vibrant players to show their spirit. Bangladesh had several fortunes in the history of cricket defeating top teams in unexpected matches. Expect the match to be something serious and interesting similar to a match between two teams in a similar position.
I think it is gonna be easy for Indians because they are in supreme form and Bangladesh aren't . Bangladesh struggle with consistency and temper which can cause them the match . I am with India to win the match and series against Bangladesh.

India have dominated overseas teams on their home pitches, but for once they will come up with a team who can play spin well. I think Bangladesh might not have the temperament to win this match, but India's standard strategy (Prepare a spinning track, put up a big score, win the match) won't work here.
525  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 08, 2017, 01:04:39 AM
SL have a big target to chase and only 6 out of 28 matches are won by team chasing in NewLands but SL started off very well and scored 100 runs without loss of any wicket in 10 overs . What do you guys think? Can they do it?
They have a chance to win this game, and they scored 308 runs 44 overs compleated. They need 60 runs from 6 overs 5 wickets in hand. I think SL will win this game. Tremendous batting from captain  Upul Tharanga made 119 runs from just 90 balls. Now Sandun Weerakkody playing with a half century. If SA picks 1 or 2 wickets, they may win this match. But as per now, it is unpredictable we can not say now who will win. Any guess?

60 runs to win in 6 overs with 5 wickets in hand. I guess any other team would have managed to win this match.
Sri Lanka managed to lose it... by 40 runs. Yet another collapse.
526  Economy / Speculation / Re: Bitcoin price ready to increase ~$25 USD per day during this year. on: February 08, 2017, 12:54:08 AM
I would happy if bitcoin's price would add at least 1$ per day, but for sure. And those 25$ daily seems as some fairy tale. I don't know where from such information. It sounds too optimistic and not real to me. Can you tell me the exactly day from which the price will start to add 25$ per day? I wish to see that moment.

The calculated info was presented in the OP, and the price increase starts today, proof via the daily increase in the exchange rate. Keep an eye on it.

I'm surprised that this came true. But unfortunately the rise +25$ Daily was going only two days and the price again seems frozen on the point of 1020$ for a week already. Honestly this price satisfied me totally.

The price has increased to $1060 already. That is approximately 2.5 days of rise ($25 each day) required to get to $10K in a year.
Even if we do get there, I doubt it will be a steady rise. There will be a maniac rise towards the end,
527  Economy / Economics / Re: What do you think should be the right Bitcoin price as of Februray 2017? on: February 07, 2017, 03:03:14 PM
Hi,
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.

We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?

Please vote and if possible please explain why you voted in this way below.

Thanks.

I think it is valued right. Unless we solve the problems regarding blocksize and increase transaction throughput, the price will be restrained.
Once we cross those hurdles, the moon will be the limit.
528  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 07, 2017, 02:59:40 PM
Cricket with mutual betting!

Current odds for Sri Lanka - x 20.000

https://www.onehash.com/event/cricket/south_africa_odi_series/35200

Maybe they didn't find any takers for Sri Lanka? South Africa look well set to smash more than 350 runs.
Sri Lanka will find it very difficult to put up a semblance of a fight.
529  Economy / Speculation / Re: What are the odds of Winklesoss ETF passing? on: February 07, 2017, 02:58:00 PM
What in your view are the odds of the Winklevoss ETF getting approval by
March 11th, 2017. It has been 3.5 years in the planning? Most of the press
I read says only a 1 in 4 shot at SEC approval. What do you think?

Also take the poll.

Thanks.


I believe it will happen, America needs to keep investing in all BTC projects, or other countries like China will just continue to rule and take over.

They would be stupid to reject these great guys.

My view is the safe bet for the buearacracy and SEC civil servants is to just punt it back to the drawing board
as a complete redo. To much finance money and lobby's for such slinging FUD imho,
for SEC to do so. No upside for passing ETF from SEC point of view imho.

I hope I'm dead frigging wrong thou!

They have been lobbing it back and forth for more than 3 years now. I think at this point, the regulators would just let it go through. Test the waters through this ETF and impose regulations if required later.
530  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 05, 2017, 11:38:55 AM
What a performance by NZ , especially Boult . His figures is one of the best you can see in ODI , 6 wickets for just 33 runs is incredible against a big team like Australia . I was expecting Aussies to win this match but they collapsed again , they had plenty of balls but they ran out of wickets ( like in their first match ) .

Note: Australia are no longer #1 in ODI rankings , SA are .

For quite sometimes Australia has lost their hold on cricket games including at home grounds and outside as well. Now many other countries are performing better than Australia. As of now, they are struggling to find a consistent batsman and bowlers who can defend even small totals. But current team players are inconsistent and they are failed to show the consistency so they are no more number one team.

With this loss, Australia have also lost the series 2-0. The rivalry between Australia and New Zealand is intense and Australia will be disappointed by this over. They still had 3 overs remaining, but just kept losing wickets regularly. Not playing out your overs is a cardinal sin in limited overs cricket.
531  Economy / Speculation / Re: Bitcoin value is returned to 1000$ again on: February 05, 2017, 11:33:12 AM
Here is view and senti about bitcoin's price bump.

http://www.coindesk.com/bullish-sentiment-fuels-bitcoins-return-to-1000/

Share your views on it guys.BTC

Over $1k is a price that we knew would come back. Will we break the $2k this year? That's another question. Bitcoin is here to stay and if it can work on improving the ideological split that has unfortunately evolved over the course of its lifespan, its infrastructure will become stronger. Bitcoin has to evolve.

Whether it hits $2k or not, people will be happy with the price run up over the past few months. This has happened in spite of negative news like the PBOC inspections, Bitfinex hacks, etc during the recent past. So looks like we are over $1000 for good now.  Smiley
532  Economy / Economics / Re: Capitalism on: February 05, 2017, 11:29:52 AM
People should promote local products and be proud, it would a good way to have economic progress for any country. Stopping capitalism will help to balance the socio-economic hierarchy.

Capitalism has demonstrated that it is the only successful economic theory, with its competitors collapsing by the roadside over the last 100 years. Even China, which at one point was incorruptibly communist, has moved on. I think it is a bit too late to be talking about 'stopping capitalism'.
533  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 04, 2017, 12:42:44 AM
South Africa facing the weakest Srilankan team and with a team like this they wont be able to challenge any teams outside the sub continent. Sri Lanka some how managed to win the T20 series against a third string South African Team but when it comes to the 50 over match it is a different ball game as South Africa recalled their best players and so it is a gone case.

After losing the first 2 matches, it is very difficult for Sri Lanka to make a comeback in this series. Their batting seems prone to crumbling and none of their batsmen seem to be in fluent touch. South African batsmen, on the other hand, have notched up multiple hundreds.
534  Economy / Speculation / Re: Say bye to Triple Digits on: February 04, 2017, 12:39:02 AM
Next stop: MOON  Grin

I wouldnt hurry too much Tongue, it was $1,150 and we thought that we are near the moon destination but we weren't.


We had to stop and unload some of the dead weight (those useless Bears)

There will be some who turn bearish once the price rises. If everybody believes that Bitcoin is going to the moon, who is going to do the selling?  Tongue
We have been at $1000 for more than 24 hours now and the support does feel solid.
535  Economy / Economics / Re: US Debt at $19,959,943,400,000 will $20 trillion make the news? on: February 04, 2017, 12:29:48 AM
Quote
one time 14.25% wealth tax on the super-rich would wipe-out the federal debt

This is not possible in effect without great destruction to industry, its a misunderstanding if anything.   If they instigated a killing fields scenario where people above a certain wealth were killed off and their value captured for government means, you would still be losing the effective use of free capital in wider industry not to mention any human value.    I assume violence because the money evade capture and most value is not stored in cash but in Cyprus they did a 'haircut' on savings so maybe Im exaggerating but I think its destructive anyway and Cyprus hasnt gone onto strengths from it

 The main loss would be lack of investment in future, it cant be understated how highly USA is regarded now in its debt worthiness.
Its become unjustified as US dollar is a proxy for world trade done.   Of course its ridiculous to be talking about seizing wealth as a way of restoring a nations fiscal problems but also it has been tried and failed many times, in case anyone forgot communism at least in as a military dictatorship did not produce prosperity.  It led to mass starvation, many programs of seizing wealth did not help countries.  Tax rates over 90% have been used in western countries, such as UK and USA in the past.  
Either the tax rate was avoided by various schemes and bargains or simply the wealth left the country and operated outside it.

The realistic outcome is default or inflation.   Politics prefers inflation and sees the stable erosion of capital as a fair tax and its also a way of seizing savings, pensioners especially suffer if not working or tied to working capital.   Default would mean strong dollar possibly and a bad reputation for future government borrowing, however business might prosper still and so the tax income allows government to continue to operate.
   The possibility Trump is going to negotiate all this seems so unlikely, bad debt absolutely will matter to USA staying as a super power and there is precedent for transition and bargaining of power by large nations being based around financial weakness.   Start exporting, run a fiscal surplus and possibly thats a real strong dollar not just a supported one
This is correct but while it gives the impression of being a fair tax it is not, the rich can just move their money to tangible assets like houses, land, gold, silver, bitcoin, the poor did not have much to begin with, the ones that lose a lot by inflating the currency is the middle class and not only they lose their savings but most of the time their jobs as well.

The rich won't change their asset classification, they will just move. It is very easy to get foreign citizenship these days.
If you have deep pockets, it will be processed very quickly too.
536  Economy / Economics / Re: Blockchain adoption by banking sector on: January 29, 2017, 07:08:39 AM
For the well informed, can someone englighten on what the banks are doing with block chains?

Is it simply using blockchain to confirm transaction? All looks so fancy.

Take for example the latest report about using blockchain for small business facilitated by banks *

What do they really do?

*http://www.coindesk.com/new-small-business-blockchain-actually-big-deal/

The legacy systems of banks are hugely inefficient. They have vast back offices just to reconcile trades, which blockchain does automatically. And it takes 2-3 days to confirm transfer of ownership of assets, which can be done in minutes using the blockchain. So obviously they are interested in blockchain technology

Did you ask yourself who will be supporting all the network infrastructure required for the blockchain technology to work? It seems that you are implicitly assuming that folks will run their nodes just for enabling banks to employ this technology? So who will be paying for it? Also, don't forget that it should be excessively abundant to make confirmations valid, but this still doesn't provide the required legal status of any such transaction. If the sender (or receiver) disputes the transaction, what evidence and proofs can the bank show that the disputed transaction did actually happen?

Really, why would banks ever want to depend on some Internet dudes in such matters?

Banks won't depended on some internet dudes. They will run permissioned block chains, with 15-20 banks participating as a consortium. Once the development costs are factored in, this will definitely be cheaper than manual verification and clearing of trades.
537  Economy / Gambling discussion / Re: Cricket match prediction discussions on: January 29, 2017, 07:02:40 AM
South Africa just need 85 runs to win the match with plenty of overs remaining,this was a one sided match and Srilanka cannot compete with a strong team like South Africa ,with the retirement of Jayawardane and Sangakkara they are struggling to find a replacement who could challenge the best bowlers in the world.
Srlanka won the match by 8 wickets. it was already expected that South Africa will beat Srilanka, because of the the Strongest batting side. that is a fact that in the absence o fjaywardane and sangakakra the Srinkan team is facing a lot of problems specially in batting side.

Just a small correction - South Africa won the match by 8 wickets and not Sri Lanka.  Grin None of the Sri Lankan batsmen really got off to an start. 181 was not going to challenge South Africa and they got there in a canter.
538  Bitcoin / Bitcoin Discussion / Re: Heading for a brick wall. SegWit failed. on: January 29, 2017, 06:59:11 AM
Rarely the bitcoin blocks reach anywhere close to 1mb, the big delays usually happen because the miners are greedy and want to make people pay higher fees, even if the transaction reward by block is far lower than the 25 reward of mining

You are off by 6 months on the block reward bit. We dropped from 25 BTC to 12.5 BTC in July 2016.
The fees are still very small when compared to the block reward.
539  Economy / Economics / Re: Blockchain adoption by banking sector on: January 28, 2017, 04:06:05 AM
For the well informed, can someone englighten on what the banks are doing with block chains?

Is it simply using blockchain to confirm transaction? All looks so fancy.

Take for example the latest report about using blockchain for small business facilitated by banks *

What do they really do?



*http://www.coindesk.com/new-small-business-blockchain-actually-big-deal/

The legacy systems of banks are hugely inefficient. They have vast back offices just to reconcile trades, which blockchain does automatically. And it takes 2-3 days to confirm transfer of ownership of assets, which can be done in minutes using the blockchain. So obviously they are interested in blockchain technology.
540  Economy / Speculation / Re: Bitcoin just dropped to under 900$ and it keeps going down on: January 28, 2017, 03:48:58 AM
The price of bitcoin drops and rises every minute and it is okay to have 10% difference in price within the day, because nothing regulates bitcoin from the outside like government or some companies. In fact, I believe these fluctuations actually provide bitcoin with a specific stability, because it doesn't resist the changes but eventually goes back to some normal state which is also changing. It is just like in ecology some systems sustain stability with resistance and others are flexible and actually flexibility is stronger than resistance.

Well said. Circuit breakers might do good to the value of certain stocks and protect investors, but it is an aberration from true free markets.
Bitcoin might fluctuate widely, but it does find its true value quickly.
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