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821  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: July 15, 2021, 07:47:33 PM
I still dislike this new system, not the extra sprint thing, I just do not like the way it is done and the points given and that's it. If you do qualifiers you are telling people to have a flying lap and in that case people like George Russel could show their talents, hell even Mick sometimes gets something so lower levels are actually looking like they could be doing something, of course when the real race starts all they get is blue flags as we all know but it's still quite fun to watch those qualifiers.

Those are still there so I am not worried, and racing for qualifiers is not a bad idea neither but I wish it was more like "let's see what your total time will be in 50 laps" type of thing instead of everyone racing, so instead of one fastest lap, you get fastest 50 laps instead, but people wouldn't be racing with each other, it would be like qualifiers where people get out one after another and do not usually get near each other, or have blue flags at worst, that way it's not a full race but still everyone does 50 laps and then you see who is fastest and who is slowest and decide the positions according to that instead of a race.

Secondly getting points for qualifiers? That's just not fair, you already have big teams getting most of the points, why give them even extra points on top of that? I would say that's the biggest problem with this, just remove the points and I would be fine with it.
822  Economy / Trading Discussion / Re: Signals in crypto on: July 15, 2021, 06:09:50 PM
There are no "legit" signal groups, there are groups that either scam others and totally fake, or there are ones that poses as "legit" and fail. At the end of the day signals are just indicators hitting the point that the owners of those groups decide and that's it, when those indicators hit their marks then group owners share it and that's it.
Absolutely true, no signal groups can perform consistently either if even they are true to their plan because if they were as good as they aspire, they would be trading themselves instead of selling signals at telegram.

Most of the signals groups can be classified into 4 types:

1- Outright Scams: The ones who take money, delete chat and block you.
2- Partial Scam: They don't intend to scam but the signals they provide are useless and random predictions more than anything else.
3- Neutral: Free groups giving out signals but obviously neither powerful nor useful nor accurate.
4- Positive: Hard to find such groups where some individuals actually put effort to at least provide news and based on that news, predict the price movement.

Signals in crypto are overrated and a trader who just relies on signals cannot succeed at all.
823  Bitcoin / Bitcoin Discussion / Re: buying crypto currencies and then travelling on: May 24, 2021, 07:16:08 PM
There are lots of ways that you can buy bitcoin and secure it and not have problems when next you want to access it. It is very much possible, it depends on the wallet you decide to make use of and as long as you have your seed stored safely you can always be able to access your wallet anytime you want.

And as for the government being anti cryptocurrency, that can’t really stop you from selling and buying cryptocurrencies, but if it’s not legal in your country then you have to be very careful the way that you’re dealing with crypto currency so that you don’t get into an any problem with the law in your country.
824  Alternate cryptocurrencies / Altcoin Discussion / Re: New meme coins 😂😂😂 on: May 13, 2021, 08:53:24 PM
Doge coin and shiba coin have opened door for weak devs who are just waiting for new opportunities to grab more money the easiest way possible, am I the only one seeing new incoming meme coins this days? I mean I don't want to mention names but they are growing in numbers 🤣🤣🤣🤣 want some advice? Be careful where you put your money meme coins are simply meme coins no more no less
It is very concerning how a new meme coin just climbed on top spots of the CMC within a few days. I am not going to invest in these new shit coins because they don't have a vision, a team to show themselves neither they do any kind of product working. All these coins rely on is hype and somehow they have managed to create so much hype that Binance was almost forced to list the coin at their exchange and I am sure even they don't know why there was so much pressure to list it.

A simple piece of advice to serious traders: Just invest in the product, not in the hype and not in what others are saying. If you understand a project and what they are aiming to achieve then go for it but just because everyone is buying something, don't fall for it.
825  Economy / Gambling discussion / Re: The Cricket Match-Fixing Scandal on: May 13, 2021, 08:35:07 PM
I think only football has had a fixing scandal. It turns out that this news opened my eyes if all matches were very likely to be arranged. Their network is so wide, many people are involved. I think gambling on the game is perfectly reasonable, but let it work its way. The owner of power is supposed to evaluate all match equipment. Maybe an oath and a salary more than enough to avoid this bit of cheating.

In my country there have been cases but in football. They set the score for the results of the match. After it was discovered that the perpetrators were punished, the players who became actors were not allowed to play in soccer for life.
Any sport where people can bet will have chances of rigging.
I even wonder if UFC is rigged at times because some of the decisions given by the judges are hilariously funny and concerning.

I remember a fight recently concluded where one judge had the fight 30-26 for one fighter and the other judge had it something like 30-27 for the other. I know a 29-28 can happen but how can two judges be so different on the same fight that one scores it as 30-27 and the other scored it as 30-26 for the opponent.
826  Economy / Economics / Re: Africa needs to fix continent, richest people are politicians on: May 13, 2021, 08:19:02 PM
        Forget Dangote and the rest of the billionaires, the richest people in Africa are politicians. Africans need to reevaluate and rethink their system, so much power is given to the politicians and without any checks or balances. How can an ex-governor not be tried in court for his mischievous activities because there is a written document that said so who signed the documents is it the populace? They loot millions of dollars and stack them up for their families whereas the masses are suffering.
        They even go as far as banning the trading of cryptocurrencies because they feel people might benefit from it. When the world is enjoying it. African needs to be taken to the hospital and given proper treatment because they are moving backward. More strength to their youth as many are still thriving in the harsh environment.
Yes, they really need to do something about their countries, or else their leaders are going to ruin them. Most of their leaders don't have their children living in Africa, all their children are living in developed countries such as Europe, and the United States,, so they act anyhow and don't care about Africa and the countries there. They are all greedy and once they go into power they want to pack the money that will feed their whole generation, and that's their only focus and not about making their countries a better place.

If the people don't wake up and put an end to this, then it's really going to be a big problem later in the future, because their evil leaders are using them. I know it's not going to be easy for people to take action, but they really need to. Although one thing I am worried about is that for such a change to occur, a lot of people are going to be paying the price.
827  Economy / Economics / Re: Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008 on: May 13, 2021, 07:24:08 PM
Inflation hasn't been going up in just one place, it has also been happening in other places and my country has been one of the countries where this is a problem. A lot of things in the market that we used to buy for a token are now high in price, prices has seriously gone up, and the most annoying part of all these prices going up is that some companies still shrink the size of their products, I just don't get why they do such a thing, if they know they are going to shrink the price, isn't it best that they leave it at that same rice than inflating the price?

Then if they decide to increase to increase the price, they should leave it at same quality and quantity as it used to be. I hope that we are able to get out out from this big mess that we have landed ourselves.
828  Alternate cryptocurrencies / Altcoin Discussion / Re: Looking for the next Doge! on: May 13, 2021, 06:43:53 PM
I've Been seeing a lot of hype behind DOGE coin and I still don't understand it.
You are missing a big story in that case, there is a guy Elon Musk who is also one of the richest man on earth who is actually pumping the coin Grin.

I guess DOGE coin has became considerably bigger than I would have ever dreamed. I remember when It first came out. I didn't understand the Meme or the humor behind it.
It was made to tip others and personally I used it to save transaction fees for my gambling earlier, I never see it as an investment even though the price is going binkers. Still, dogecoin is a classic example how an almost dead coin may peak and will enforce all of us to rush for it to consider for long term holding. Lots of my friend mined it before but sold for less than 30 satoshi also. This doesn't mean we must hold all coins for long duration but dogecoin says to us, anything is possible in crypto space.
829  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it time to invest in Polkadot? on: May 13, 2021, 04:38:51 PM
I haven't heard of polkadot before. I do not know what it is. but lately I have seen that it has many investors and interested people. I started searching.
its very strange,some one in crypto market but didnt know what actually polkadot is. maybe you need to explore more about crytpocurrency . polkadot was good blockchain and smart contract platform , every project that use polka chain now get attention from crypto market. another thing you could find in online sources.
You know, some people just read charts and invest in the coins flowing in the positive direction and one such guy I found in a group who was trying to explain to everyone that dogecoin will reach $1 but failed to explain how and when asked about DOT, he said what is that?

I mean polkadot is relatively new and market awareness is too low among investors hence this may not be a right time to invest with polkadot. We must give it time to sustain among all other cryptos and then we may finalize our financial decisions later on.
830  Alternate cryptocurrencies / Altcoin Discussion / Re: Coins or Tokens with a good potential like SHIBA INU. on: May 12, 2021, 09:14:55 PM
People never learn, because one token happen to pump and give 500X in a short time do not mean another will do this, all these Meme coins are shit coins and we have been in this position before, is just that the scale his year is on another level and nothing goes up forever
It is kind of gambling now. You have a lot of balloons in the shop and you are asked to shoot one and it might pay off 100-200 times but it might also end up nothing. Similarly there are 1000s of new coins in the market daily and you can try your luck with any of them but the chances of predicting the correct one are second to zero.

Vitalik has now acted and an honorable act was included. There are a few more transactions today, but this one stands out as the strongest.
Wow this made me really emotional because we all know how much India is suffering through coronavirus right now and when a crypto creator like Vitalik donates money, it just feels really good. Well done, Mr Ethereum.
831  Economy / Economics / Re: COVID advanced the world into the future on: May 12, 2021, 08:35:48 PM
1. Small business are taking over and people are appreciating them more.
That is only for the short-term though because once things are back to normal, big industries will take over and people will again get back to their jobs. A lot of jobs were taken away during pandemic spread which has caused them to run their own small businesses.

2. People are getting more connected to their families.
Well yes, but I have heard news of people being stuck to their workplace and unable to see their family during these times as well, so I mean t works both ways and yes overall people are able to spend more time with family.
832  Economy / Trading Discussion / Re: holding is not an easy thing on: May 12, 2021, 07:28:25 PM
for the rich, I think they can do that. however, I agree that when we hold assets in the long run, the first hurdle we face is the daily needs we have. however, it is very difficult to stop, and encourages us to sell our assets, even at low prices. What's worse is, when we sell the assets we have, the price goes up.
And this has happened with almost every one of us, I had some million doge coins and I sold them for dirt cheap prices and now I have nothing but regrets. Although I know that it might have actually turned into dirt and dogecoin might have finished by now if Elon didn't support it out of anywhere so I feel bad but I don't think I made any mistake selling them in past.

Holding requires you to have financial freedom which not everyone can afford and at some point, we are tempted to sell the coins even though there is a fear of missing massive value in future.
833  Economy / Trading Discussion / Re: Cryptos VS Apple on: May 12, 2021, 07:03:30 PM
Apple is now a rotting Apple without the lead of Steve Jobs (RIP) as they really don't innovate as much with the new guy Tim Cook. All they have is a surplus of cash and the fact that they make high quality electronics. Other than that nothing hype going for them. Tesla is the new Apple if you ask me. Cryptos are in a different league than Apple they're all on a 24-7 market while Apple/Tesla are stuck in the 9:30-4pm market of old. I know FTX has added a token for both stocks to be traded there 24-7. If more exchanges add stock tokens then Apple would have more relevance.
It is true that the face value and innovations Steve was able to bring are not matched by his successor Tim but I was looking at the graph and Apple hasn't done badly at all. I mean crypto taking over doesn't necessarily tell that Apple is doing bad or declining although it might be, it only tells how the crypto industry has seen a gigantic growth especially with the involvement of Elon Musk into dogecoins and Bitcoins.

I always wonder whether the market cap is the true estimation because market cap is calculated by the price of the coin/token multiplied by the total supply but if seriously everyone decides to dump a particular coin or token then isn't it true that the market price of the coin will pummel and hence the market cap is just an illusion? I am only wondering and my concept about the market cap isn't crystal clear either.
834  Economy / Trading Discussion / Re: Cryptocurrency, now a fast rising trend! on: May 12, 2021, 06:12:48 PM
(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.
This is true and there is another way how rich are getting richer. People like Elon Musk can manipulate even a stable and deep market like dogecoin which is quite clear but although the motive is unknown, it tells us how rich people can play with the market at will.

There are people with humongous capital in the crypto market and they can short sell any asset to an extent where an average trader will panic and has no option but to sell them. Recently that's what happened with Game stop shares but the funny part was that the guy who spread the news managed to make people hold their shares and the value kept going up because in short selling you need to repay the tokens at some point and if holders sit tight, you are going to suffer.

I completely agree that the rich are getting richer be it either way, bigger investments or just plain manipulation of the market.
835  Economy / Gambling discussion / Re: Are you ready for Virtual sports based stock market? on: May 12, 2021, 05:32:11 PM
Question,  do they have options so that their platform can accept cryptocurrencies or do they have policies that would be friendly to cryptocurrency?
The platform (beta) is not yet live and there's no ETA when is the inception so information is limited for now.

But I think there will be no integration of crypto during the first phase but surely it will be considered if there are tons of requests or suggestions by their community. I agree that adding crypto can attract, at least, a good number of crypto-gamblers lurking in crypto-sports betting for long.
Since they are bringing out a new idea they might actually look towards crypto community because honestly speaking as much as I like the idea and the theme, I cannot really see much interest towards this type of gambling.

So basically if I understand correctly we can bet on teams and buy their shares and based on how they perform we will get profits, like that? I mean for example I buy Lakers' (NBA) shares and they perform well during the season, then their share's price will jump, that is my understanding of how it will work. If that's the case though, it is not much different than betting on the outcome of the game itself or maybe call it tournament betting. Unique nonetheless and I might have misunderstood the concept too.
836  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: May 12, 2021, 05:10:36 AM
I would have picked KL Rahul in the place of Shikar Dawan or Prithvi Shaw. Also, Kohli is for skipper.
What are your choices?
On that list, except Sanju Samson, all others are seeming like a good selection. For the case of Sanju Samson, he is not performing consistently how other wicket keepers are doing; so in place of Sanju Samson, I may prefer Butler or KL Rahul who could bat well along with wicket keeping.

Findings of this year's IPL must be, Prithivi Shaw from DC and Chetan Sarkaria from RR. Padikkal from RCB performed well last year as well and this year hit a century but might need to prove his consistency to be consider a cut above Prithvi Shaw for opening.
837  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino 🦘 on: May 11, 2021, 09:39:47 PM
When there is lot of other gambling services with similar kind of games and bonuses providing anonymity, surely users will tend to move. However some gets more attached to the platform for different reasons, particularly some find this platform to be lucky and gives higher winning probability. In such cases, they'll stand on using it whereas the one preferring anonymity will find the alternate.
I don't quite understand the behavior every gambler has towards kyc because when they visit to a real world casino, they are revealing their identity themselves as they cannot gamble without going there. So if an online service asks them for kyc, what is so big an issue here about anonymity? If after completing kyc, they are going to continue to have their favorite games played on the same casino they are used to, then why not go for kyc? I know about data sales, but all gambling sites cannot be the same type.
When I go to a real life casino that means I am doing something knowing that I will be known, but I am not going there which means I am not giving any info. You have to realize there are tons of people who do not give their information to others and just gamble in secret. Hell I remember I gambled on Pokerstars, one of worlds biggest poker websites (probably biggest) and I didn't give any info. How?

There is a transfer of chips type of deal there, so I paid someone bitcoin back in the day when bitcoin was cheaper to send me chips there and in return I just created an account and got those chips there without giving any information, obviously I would be forced if I won big but it was small amount and I just wanted to have fun so I kept gambling until I run out of funds (unfortunately didn't take that long). So long story short not everyone goes somewhere and gives their info.
838  Economy / Speculation / Re: 6 reasons why you should buy Bitcoin right now (at USD 50K-53K) on: May 11, 2021, 08:59:58 PM
I'm really worried about the fall in BTC dominance and the rise of altcoins, isn't this the movement of end of bullrun season? Once altcoins takes over for sometimes it's a sign that by season is fading, anyways I will stick with my old plan which is taking profits and risking very little amount of money
What bitcoin dominance will do about the future of bitcoins or does it get anything to do with future of any of altcoin? I am not sure why people always giving importance to such a useless metrics. It is really annoying.

Marketcap is also a useless/manipulated metric but continuously seeing people are trading it like a very vital metric for their financial decisions. Similarly bitcoin dominance also not having anything to do as dominance of altcoins got nothing to do against bitcoin's future. BTC dominance can be manipulated by having lots of massive circulating coins like dogecoins.
839  Economy / Trading Discussion / Re: Reversal Psychology ! on: May 11, 2021, 01:57:09 PM
One thing that I considered while reading your title and scanning your post is that why not use the reverse trick that some people use? Like what if you decided to long an asset but reverse it and do everything oppositely. Because you it's like gambling as well that there's a chance that you can win or not.
Going opposite of your initial plan would be happening because of anything like emotional failures or market condition but at long as you are making profit, that is not a problem in the case of market conditions but if you're reversing just because of emotions that may not help all the times which the real problem here.

Always sticking with trading plans will be helping to achieving consistent results from trading. Switching over plans/targets may end up regrets at most of the times.
840  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum on the rise: Sell or HODL? on: May 11, 2021, 12:53:36 PM
It may be your strategy to sell 50% of what you have and half you leave. But I prefer to sell everything right now because you make a loss when the price drops. So it's best if you sell all your assets before the price continues to fall and if you are already selling and making money, It's time for you to take a look at the latest charts of the downturns. if the drop is so bad it is time you buy back the coins cheaply.
Selling out half of stash and holding the remaining 50% sounds like a good idea but do you checked the on going transaction fee trend of ethereum? I read that we need to include 0.05 ETH for medium priority transactions, which is around $200. Losing 5% if I have 1 ethereum means really huge one I definitely cannot afford that. Do the ethereum miners are really having any sense or just turned full of mad? I am not sure what is going on.

Regardless of whatever peak ethereum is scaling right now, I guess I cannot do anything with my stash as transaction fees are really killing me in terms of profits. I hold few ERC20 tokens but not sure how to encash them when they are trading around ATH levels.
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