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961  Economy / Speculation / Re: Bitcoin breaking out of 2 month downtrend on: June 22, 2023, 03:54:17 AM
I voted as maybe. It seems too early for bulls to run fast. But I can say that it is strong to break the 31 thousand dollar resistance, so I am approaching maybe. But there is a really motivating environment to protect your bitcoins right now. If it can close above 30-31K Usd in June, it will have solidified the price base and will be a strong support at these levels. I also worry about a new FUD coming out on the market at any moment, so I can't be too positive and hype.

I chose not sure, and I'm not too surprised that 60% are voting "yes", it seems like everyone is starting Fomo as the market has rallied for the past 2 days. For me, I don't believe there is any resistance as bitcoin is unpredictable, there is no guarantee when bitcoin close above $31k in June, it will continue to rise without falling. The positive and negative news in the market are very unexpected, we can't control them, so don't expect too much on the resistance level that technical analysis always shows. When investing, I just like to go against the crowd, when people are too Fomo and believe that bitcoin will continue to rise, I will be more careful.
962  Economy / Economics / Re: The cost of living is trying to kill the living on: June 22, 2023, 03:39:04 AM
Do you mean bitcoin will help us out of poverty? How?
No. If only to meet the needs of life they are difficult. How is it possible that people can run investments in bitcoin.

That's what I'm asking @Davidvicterson because even if they can't meet their living needs, how can they invest in bitcoin? Furthermore, there is no guarantee that investing in bitcoin will always bring us a return. Remember that bitcoin is just an asset to invest, and investing has winners and losers, and when we win, there will definitely be losers. So bitcoin cannot help alleviate poverty or make people rich and have a good life. Too many people are unnecessarily exaggerating bitcoin in any conversation.
963  Economy / Gambling discussion / Re: Indian Premier League #IPL on: June 21, 2023, 06:30:53 PM

Why don't they absolutely get rid of the test format? I think it would be better for almost every team and also for the future of cricket. It is just a waste of time at this point. Even the Ashes series is not very interesting. I know there is going to be some protest if they absolutely get rid of test cricket. But I believe those people who will protest to keep test cricket as a format, won’t actually watch a test cricket match for the whole five days themselves.
Well...

Those who can't form separate squads (such as Ireland and Sri Lanka) doesn't deserve to play test cricket.

If that is the case, then only probably the top four teams will be able to play test cricket. I don’t think there is any necessity for a different cricket format just for four countries to play. And my argument is that if people are only watching these four teams playing test cricket, either the other teams have to get better very quickly. Or there is no need for this format at all. I know a lot of people still watch test cricket. But that is a minority of the population that actually watches cricket. People don’t even watch one day international matches for seven hours now, let alone test cricket.
964  Economy / Economics / Re: Rent or buy real estate - let's have a debate on: June 21, 2023, 08:24:49 AM
In my own opinion there nothing to debate this topic because this all depends on a persons need.

We know how expensive the real estate assets on business hub cities compare to province so much better if you rent since you can enjoy all of your time since you will not get drained to travel long hours for you to get home.

You can also buy house and lot even if your budget is tight but expect it will be on province and not near to your workplace. so try to decide depends on your needs since buying an asset is somehow a big obligation to take.
That makes it debatable because the answers are subjective. One person can state on why renting a real estate is better and the other person can give his opinion as well on why buying a real estate is the best. Real estate in a city is expensive but once you buy it, you can still be able to recover your capital for a short period of time if you open up different businesses there.

You can also resell your real estate later on, for a much higher value. To have a real estate in the province area do also have its own advantage because it is more relaxing there and you can use some of your land to make a farm. It can as well provide you an extra income.

Owning real estate is everyone's dream. Those who say renting is better than buying are those who can't afford to own real estate, whether in the city center or the provinces. Because we all know that real estate is always the best long-term investment. When owning real estate, and if there is no need to live, you can also rent it out or let it run a business to generate passive monthly income from it.
Owning real estate brings many benefits to us, and that is why it surpasses gold and remains the first choice of large investors.
965  Economy / Economics / Re: The cost of living is trying to kill the living on: June 21, 2023, 08:10:42 AM
The cost of living shouldn't kill the living please. The living should find a way to rise above the cost of living. The living should grow their own vegetables and rear theor own animals if need be. The living should find a smart way to reduce their cost. With reality now, the living shouldn't be competing for the latest car, clothes, electronic gadget. The living shouldn't take out a loan at this time. Bitcoin freedom for the living.

Of course, we need to adapt and find a way to survive in this life. But given what's going on with the economy, it must be admitted that the cost of living is killing many people. For the poor, with the current high inflation situation, it will be even more difficult for them, and not everyone has the same opportunity to find a job as others. If you live in a country at war, inflation is up to hundreds of percent, and finding a job to increase income is not as easy as you say.

Do you mean bitcoin will help us out of poverty? How?
966  Economy / Economics / Re: The new U.S.-China agreement is a "forced friendship. What awaits the world ? on: June 21, 2023, 08:01:10 AM
It doesn't matter that this is just a formality or not of the peace shown by the US and China. But the words Peace and mutual respect are enough to reduce the heat in the conflict between the two countries over Taiwan. Because I prefer to see these two countries compete in global politics and compete in economic power. and I don't like to see conflict in war or other issues that could bring these two countries closer to clashes. at least the steps taken by the US I think are quite wise. even if it should make the US a bit weaker on China. I hope everything will be over quickly and I don't like all things war and conflict between countries. because I don't like the impact it has on the global economy, such as peaking inflation and so on.

No one likes war happening, but arms dealers and politicians, only in this way can they show their strength.

Regarding Taiwan, if the US does not make concessions, I believe that a future war is inevitable. China remains very tough on Taiwan, which has declared its willingness to use force to achieve its goals.
We don't really know what America's intentions are because they are very belligerent and never give in to anyone, but recently their politics and economy have been unstable, and they don't want to put more pressure on themselves. Maybe that's the reason for this deal, IMO.
967  Economy / Gambling discussion / Re: Indian Premier League #IPL on: June 20, 2023, 08:04:35 PM
First, I thought probably did you not want to give test cricket too much importance. But after that, I thought if they did not want to give test cricket too much importance they would have done that from the start. They have failed in the most important test match of the year. Part is they have failed so miserably but they are still not worried about it. I believe the selection should be controlled by the coaches now. Because the players are basically screwing up the selection process by having power in their hands. They are obviously choosing players by having an influence of favoritism inside them. And of course, the players have to be held accountable for their bad performance.

As a matter of fact, I am not a big fan of test cricket. But still, I would argue that players who are not interested in test cricket should not be a part of the test squad. While watching the WTC final, this was the impression that I got from the Indian players. It seemed as if they are paying just for the sake of it. The aggression and commitment that these same players were showing while participating in the IPL a few weeks ago was suddenly missing when they were playing against Australia at the Oval. In fact they looked quite happy when the match was over.

I could see that they did not give enough importance to the WTC final. And I don’t know why it felt like they had somewhere to go because the whole Indian team was always in a hurry. When the Indian team batted in their first innings, it felt like they were in a hurry.

Yeah, now things are going to be divided for the two formats like we will have white-ball and red-ball here things are tricky for the boards because they need to have few players set for the red-ball which give their best even across conditions and also have good first class practice which give them good amount of money and white-ball players just need to be settled in this format which will create good body language and success.
 
We're already having too many issues in different boards and white-ball is now also main source of income for the players and boards, so they need to reduce teams in red-ball and have two teams in all boards which will surely burden still a good way to stay in competition and increase quality level in WTC for the future. Having just 6 to 8 teams in red-ball format and going with 16 to 20 teams into white-ball will give better results and involvement from players as well.

Why don't they absolutely get rid of the test format? I think it would be better for almost every team and also for the future of cricket. It is just a waste of time at this point. Even the Ashes series is not very interesting. I know there is going to be some protest if they absolutely get rid of test cricket. But I believe those people who will protest to keep test cricket as a format, won’t actually watch a test cricket match for the whole five days themselves.
968  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: June 19, 2023, 10:42:50 PM
~snip~
After impressive batting display by all top order batting line-up, Hasaranga bowled career best bowling spell and give his team thumbing first win of this event which is surely expected because of their experience and quality even mostly are youngsters but doing good job for the future.

All batsmen from top order have their best in this match, and we have four fifties and blitzing inning from Charith Asalanka who smashed 48 on 23 balls which helps Sri Lanka for having target of 355 which was never been easy to chase for the team like the UAE but Hasaranga give them no space and have 6 for 24 which is his career best in ODI and big win for his team of 175 runs.

Absolutely right. It was one of the best performances I have seen recently from Sri Lanka. But I think it does not matter to some extent because it was against the UAE. They will have to prove themselves against bigger and better opponents in the World Cup.

I know that they certainly deserve credit for their performance. But I don’t know if we should be praising them as much as we are for this type of dominating performance against a team like the UAE. Sri Lanka have started well in this tournament. Let’s see if they can continue performing like this in future matches as well.
969  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: June 19, 2023, 02:52:23 PM
The Sri Lankan players took advantage of UAE's weak bowling line-up. Sri Lanka has been able to provide a huge target of 356 runs. Every batsman in the top order has performed well for Sri Lanka. But Asalanka's performance was excellent. He played a great innings of 48 runs off just 23 balls. At the end of 30 overs managed to collect 166 runs. And they scored 189 runs in the last 20 overs. Sri Lanka averaged over 9.4 runs per over. Sri Lanka is going for a very easy win against UAE.
Sri Lanka will take advantage of UAE's weak bowling but it is only natural that Sri Lanka was a popular team at one time maybe because of the points table or net run rate they have to play the World Cup qualifiers. However, Sri Lanka did a fantastic performance against UAE in today's match and set a target of 356 runs. The target of 356 is impossible for UAE at the moment as they have lost 4 wickets for 100 runs.
Sri Lanka and West Indies have been top in terms of popularity in the past but they have to play qualifiers to qualify.

It was very expected, and also very understandable. How Sri Lanka was able to absolutely dominate the match against UAE. And I knew that UAE did not have any chance against Sri Lanka. Doesn’t matter how bad Sri Lanka is performing. Sri Lanka and West Indies are expected to qualify for the World Cup.

A lot of people had doubts about Sri Lanka and West Indies considering the fact that the performance has not been very consistent. But after this type of performance from Sri Lanka, I will say that if Sri Lanka can continue performing like this, they are not going to have any problems. I don’t know about West Indies though. But they are the favorites with Sri Lanka to qualify.
970  Economy / Economics / Re: Could there be a new financial system not dependent on USD? on: June 19, 2023, 10:21:51 AM
Could there be a new financial system not dependent on USD?

Yes, it is possible and there are discussions going on in many parts of the world about it to create a multi-currency system that is not solely dependent on pre-dominated US dollar-based system, and digital currencies such as Bitcoin is also an option. The major economic powers such as China and Russia are already using their national currencies to trade goods and services. However, completely moving away from US dollar poses significant challenges due to complexities involved and need for agreements among nations to establish and accept a new system.
The idea of a dollar-free financial system is just the beginning, it is difficult to say whether they will succeed or not. And honestly, I doubt the success of these ideas, but that doesn't mean the dollar will rule forever. Maybe this revolution of China and Russia will not succeed soon, but there will certainly be another revolution in the future, and the dollar will be replaced or eliminated it is only a matter of time. Because the history of mankind has proven, there is no powerful empire that has not been replaced over time.
971  Other / Archival / Re: No panic while holding my Bitcoin on: June 19, 2023, 09:56:28 AM
this is why everyone is always recommending to invest your spare money on this market so you won't be agitated or panic whenever the market is not looking good. because panic is real if you use your money that you will use to pay for your bills and other necessities. you are always worried about the movement of the market. hence, creating emotional stress on this process.
but if you will only allocate your extra extra money, you won't be so disturb about the roller coaster ride in this market, because you can wait for the market to go green.

In long-term trades, patience is the most important thing, and I don't think it's always just a matter of whether or not you can keep the money for the long term. Sometimes the market drops so much that you can lose faith in the success of the transaction, and in this case, sell at a loss. Manipulators achieve this, if they provoke a panic during a fall, then panic selling will lower the price even lower and at that time they will buy.

What happens after you cut loss, but the price doesn't continue to fall? Whether in a bull or bear season, bitcoin is never predictable, and we will never know what the market manipulators are thinking. Selling bitcoin while the price is falling is actually an extremely risky move, if you are not a good analyst, you should not try this.

If unfortunately, the market continues to fall when we buy, we should be patient and continue to DCA if we still have money in reserve. If not, hold on and do nothing, don't try to prove that we can read the minds of the sharks or the market makers.
972  Bitcoin / Bitcoin Discussion / Re: Bitcoin gift to wife on wedding. on: June 19, 2023, 09:45:00 AM
She will definitely gonna appreciate it as a gift, if only the next day Bitcoin price grows Smiley But if she will see a price reduction during a good period of time, she might really get disappointed. OP, also think how you will look in father-in-law and mother-in-law eyes, and other guests. If you gonna give your present on public, are you sure everyone gonna understand your gift? If you do it privately, she will tell her parents about that gift anyway. If they are not tech guys, and she is not a tactical person, you will end with a guy who gave a virtual gift... I would better think of a more romantic gift, but later just give half of private key to her.
Honestly, I don't think mentioning bitcoin in this case makes sense. The wedding day is the most important in every woman's life, so do whatever makes them as happy as possible. If the bride doesn't know anything about bitcoin, it would be ridiculous to give it to her, I really don't like the idea.

Moreover, he said that bitcoin is not legal in his country, and giving bitcoin on his wedding day is no different than declaring to everyone that he is investing in bitcoin. This may cause his small family more trouble than make his wife happy.
973  Economy / Economics / Re: Binance crisis - how will it affect the crypto market? on: June 19, 2023, 08:43:06 AM
Binance is currently the largest exchange in the crypto currency world and has a large market dominance, so I think Binance will have a good impact on the market if there is currently some crisis. But I also know that the cryptocurrency world has its ups and downs. But Binance's crisis doesn't mean the end of the cryptocurrency world.  I think that sometimes when these things happen, first there is a crisis and the market is down for a few days, but then the market will recover again, just like what happened after the crash of the FTX exchange.

The crypto industry will not collapse just because of Binance, but with the dominance that Binance is creating, they are very different from all the other exchanges, and FTX is nothing. Assuming Binance collapses, it will be a major blow to the market, it will be much worse than any crisis that has occurred before. Of course, the market cannot crash, but it will be very badly affected, and it will take a long time for us to recover.

In my opinion, besides Bitcoin, Ethereum, and Binance are the two biggest factors for the market's growth.


As we already really understand the situation:
1. First and foremost, the SEC has no claims against bitcoin and cryptocurrency in general.
2. The SEC reasonably considers some alternative cryptocurrencies as stock-type assets, and some exchange services as services from a banking service - the claim is only to regulate this moment, otherwise it turns out - banks should be regulated and taxed, and crypto exchanges that do the same - No. Untouchable for the laws - no!
3. Claims against Binance are based purely on the illegal actions of this company, and they violate the laws not only in the US, but also in other locations.

Most likely the result will be:
- Binas will lose its positions, and most likely there will be the next iteration, because. Binance will now sign the “settlement agreement” again to avoid really big problems. But after a while, it will again support illegal services. There will be either a new "scheme" or a new gasket company, which will simply be closed and a new one opened
- The crypto market will react with slight fluctuations, but there will be no global drawdown of cryptocurrencies.
The problem with Binance is not a mass problem of cryptocurrencies, it is a local problem of a company that conducts illegal activities.


Nothing lasts forever or stays at the top forever, Binance will lose its position just a matter of time, just like before Binance came along, we have Bittrex or Poloniex also top exchanges. But I am still not convinced about the illegal allegations against Binance because even the SEC has admitted that they do not have any evidence for that, and the court did not freeze the assets of Binance in the end. One thing that we overlooked is that if the SEC really had evidence of fraud or unauthorized use of Binance funds, I think the US Department of Justice did not sit idly by.
974  Economy / Economics / Re: Binance crisis - how will it affect the crypto market? on: June 18, 2023, 03:58:36 PM
Binance is currently the largest exchange in the crypto currency world and has a large market dominance, so I think Binance will have a good impact on the market if there is currently some crisis. But I also know that the cryptocurrency world has its ups and downs. But Binance's crisis doesn't mean the end of the cryptocurrency world.  I think that sometimes when these things happen, first there is a crisis and the market is down for a few days, but then the market will recover again, just like what happened after the crash of the FTX exchange.

The crypto industry will not collapse just because of Binance, but with the dominance that Binance is creating, they are very different from all the other exchanges, and FTX is nothing. Assuming Binance collapses, it will be a major blow to the market, it will be much worse than any crisis that has occurred before. Of course, the market cannot crash, but it will be very badly affected, and it will take a long time for us to recover.

In my opinion, besides Bitcoin, Ethereum, and Binance are the two biggest factors for the market's growth.
975  Economy / Economics / Re: The SEC is right. It's not about Bitcoin, it's about centralized shitcoins. on: June 18, 2023, 02:25:19 PM
The SEC is not our enemy nor it was against crypto adoption but they are against useless projects that scammers tried to get some space on known exchanges and use this as a medium to scam innocent people. Unfortunately, most of us misunderstood what they want to happen in the crypto space and that is to wipe out all shitcoins that flooded the market due to rising complaints against them.
They are helping the crypto space free from such fraudulent acts and scam projects - and I see their vital role in improving and building trust.

From what you said, it seems that the SEC is not just trying to make the crypto industry cleaner by creating a regulatory framework to regulate the industry and prevent fraudulent projects from being created freely. On the other hand, SEC is also trying to help investors like us get rid of scam projects, and we will have a healthier investment environment. If that's really what they're doing, then they're really too good, and I'll support them with both hands.

But are they really that good?
976  Economy / Economics / Re: How much longer until paper money is no longer in circulation? on: June 18, 2023, 01:22:12 PM
How much longer until paper money is no longer in circulation?

It is very hard to estimate the timeline of potential phasing out of paper money and replacement of credit/debit card with Central Banks digital Currencies (CBDC) as it is a complex task and depends on many factors. These factors include, preparing of infrastructure, educating general public to adopt and accept it & establishment of regulatory framework by governments. Furthermore, important to understand the diverse needs of societies and their preferences, indicating the possibility of a future where multiple systems of payment could coexist. This evolving landscape could include, paper money, CBDC and crypto currencies.
I do not think that ordinary citizens of any state need to approve and strive to ensure that paper money disappears from circulation. If we want to keep the remnants of our privacy and anonymity, we must remember that paper money is the least monitored by governments. Any non-cash money issued by states, governments can and will use to collect confidential information about their users as well as their financial activities.
At the same time, paper money is very easy to use, does not require the use of technical devices and is sometimes simply indispensable for small household transactions.

Indeed, we will still be safer using paper money, and I don't want it to be completely phased out and replaced by CBDCs. But the government doesn't want that because they know that CBDC will give them better control over us, so I think CBDC is inevitable, and we won't be able to stop it. But that's not going to happen anytime soon, at least not in our generation, because our current world is still full of people who don't have access to smartphones or the internet, so it's tough for comprehensive CBDC implementation.
977  Economy / Economics / Re: I don't believe you on: June 18, 2023, 12:54:08 PM


Whether we like it or not, centralized exchanges are safe-ish and convenient to use, which are the main reasons they'll continue to be in business. You can avoid using CEX by switching to DEX platforms such as Bisq, where your funds always remain in your wallet.

We cannot claim that centralized exchanges are secure. But it is a fact that, like it or not, they will still exist and are an integral part of the cryptocurrency industry, and we will still use them to a certain extent. I believe there are still some people who don't use CEX, and they may be bitcoin maximalists. But the rest, those are trying to prove that they hate CEX, but I believe they are quietly using CEX daily, especially if they invest in altcoins or they are traders. How do traders make profits without using CEX? How do investors invest in altcoins and shitcoins without using CEX?
978  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: June 18, 2023, 11:30:02 AM
Looks like Australia will give England a decent lead since the tail is supporting Khawaja pretty well so far. Khawaja might actually score a double century as long as the tail continues giving him proper support.

Stokes is probably regretting declaring so early since they could have gotten 30+ runs more despite losing 8 wickets. Exciting opening encounter.

The decision of the declaration from England was actually a little wrong in my opinion. If they could add at least 30 more it was going to be a bigger difference now because Australia is currently on 371/6 and they are trailing by only 22 right now. If England could add 30 more, I believe right now, it was not sure whether Australia was going to take a lead or not. But now it seems like Australia is going to take the lead. I believe Australia is going to score something near 420 or above. I wonder how England is going to perform in their second innings. It is also going to be interesting to see the score Australia will be able to get.
979  Economy / Economics / Re: Is poverty a lack of money? on: June 17, 2023, 10:13:01 PM
The poverty is caused by the failed to keep the money for your future on earning.When the government made many schemes for the people poverty reduction.The government executive should check the exact way of making reach to the people.When the people in the full poverty,the government should concentrate of giving basic needs as compared to giving free bees to poor people.

Whenever governments implement poverty reduction schemes, they must take a multifaceted approach. In order to ensure individuals' well-being and address their immediate needs, it is crucial to provide them with basic needs such as food, protection, medicine, and education. In addition, long-term strategies are also necessary to promote sustainable economic growth, employment, and economic empowerment.

Poverty reduction efforts should include policies that address inequalities, develop skills, provide job opportunities, and distribute resources fairly. Investment in infrastructure, support for small businesses, and social safety nets may be examples of these measures.
980  Economy / Gambling discussion / Re: Can One's Religion Compel A Compulsive Gambler To Quit Gambling on: June 17, 2023, 10:04:33 PM
For starters Religion has nothing to do with gambling and should be removed from the conversation.
Secondly, what makes a compulsive gambler compulsive is not religion but one's personal character or perhaps one's love for material stuff and the alike and simply put lack of control leads to compulsive behavior !
Bte If we are going to say religion here, then we are saying religion teaches all its followers to be compulsive by nature which is false, Religion borders around the element of peace and love and these can not make you compulsive.
Sure, it feels like religion and gambling are polar opposites! Your insight about character shaping obsession is apt. But, doesn't belief mold our character as well? I think that religion doesn't automatically lead to obsession. Yet, religion, through its ethics, can manage behavior. Could lack of such guidance result in impulsive tendencies?
Consider religious folks who gamble. Perhaps they've misconstrued their teachings or their traits outweigh their beliefs. It's complicated, so we shouldn't rule out religion

Religious beliefs and teachings can shape a person's character and influence their behavior. It is a common religious principle that resources, including money, should be used responsibly and mindfully, and principles such as self-control, moderation, and management are emphasized in many religious traditions. Excessive gambling and impulsive tendencies can be deterred by these teachings.

Although gambling may conflict with religious beliefs, people with religious beliefs can still participate in it. It may be due to misinterpretation of religious teachings, weaknesses, or not adhering to religious principles.
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