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Showing 20 of 711 results by Pomogator
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Board Economics
Re: The BTC price must stabilize in the long run.
by
Pomogator
on 02/07/2022, 21:45:03 UTC
Like any other product, its price will go to stability with the expansion of its spread among users and not be in the hands of a single authority capable of manipulating it. Just like with all traditional currencies that we consider stable.
The biggest problem, in my view, that will face this stability resulting from a wide distribution of a very limited amount of bitcoin in its total number, is that it does not accept splitting into more than eight decimals. So imagine if one satoshi equal to 10$ (likely possible t happen sooner than expected) then how becomes possible for the community to share the held while we intend bitcoin to replace Fiat money.
I think that the concentration of a large number of bitcoins in one hand will continue for a very long time. The whales understand that now they can control the rate and mood of bitcoin, they will not lose faith in it. I don’t know how much time must pass for them to stop believing in him, perhaps some events must occur.
Post
Topic
Board Economics
Re: Who will Replace Russian Gas Supplies to Europe?
by
Pomogator
on 01/07/2022, 13:19:16 UTC
^^^ According to the International Energy Agency, Russia earnt more than $20 billion per month so far in 2022 from their fossil fuel exports. Here is the link:

https://www.businessinsider.in/stock-market/news/russia-is-earning-20-billion-per-month-in-oil-sales-as-higher-crude-prices-lift-export-revenue-50-says-iea/articleshow/91525171.cms

Now do you want to say that the IEA is a proxy of Russia? I am not sure whether that will work. On top of that, some of the experts have suggested that a few shipments to China and India have occurred under the radar and these are not tracked by the IEA. Anyway, from what I could see business goes on as usual in Russia. Back in February, Brandon and his cronies were predicting a complete economic meltdown in two weeks time.
This situation has allowed Russia to redirect the course of its fuel trade towards India and China. Of course, Russia sells this oil at a big discount. Gas sales to Europe continue, and soaring energy prices equalize this difference, perhaps even increase Russia's profits.
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Topic
Board Economics
Re: Why did the crypto market crash in June 2022?
by
Pomogator
on 01/07/2022, 13:11:03 UTC
Indeed, the bitcoin rate is likely to be lower than the current rate. The current situation makes it possible to purchase bitcoin to your wallet in order to earn on it in the future. The rate will rise above the previous value, that's for sure.
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Topic
Board Economics
Re: The Russian Federation fails to repay debt - 100 million USD unpaid
by
Pomogator
on 30/06/2022, 16:58:16 UTC
 Yes, the freezing of external assets in foreign currencies really hurt the Russian economy, so she was not able to pay this debt now.  Instead, she will pay this sum in rubles, now this is the only possibility. The United States wanted Russia to be unable to pay its debt and she got it. I think this cannot be called a default, it is rather the repayment of debt with the national currency.
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Topic
Board Economics
Re: How would a global economic recession affect Bitcoin's price?
by
Pomogator
on 30/06/2022, 16:51:31 UTC
If this really happens, then all the countries of the world will abruptly begin to unite in small groups and create their own common currencies. I can assume that the digital yuan or bitcoin can easily replace the dollar. Nobody can predict exactly.
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Topic
Board Economics
Re: Irrelevance of Education in Nigeria.
by
Pomogator
on 30/06/2022, 16:37:11 UTC
Nigeria will not climb out of this hole on its own. She needs financial help. Of course, all the big ones see huge problems within the country and do not want to solve their problems with their money. Although this region could have had its own good history, it is enough just to invest in this country.
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Topic
Board Economics
Re: The Russian Federation may be about to make a "Corralito"
by
Pomogator
on 29/06/2022, 06:04:11 UTC
Assuming that Rusia is indeed in the way to apply such measures in order to stop the flight of capital off Russia, that means that they are either actually suffering from the sanctions (more than they would like to admit) or they are preparing themselves to live with a cut of their income in the long run.

I assume the second scenario is more likely, keeping in mind Russia still have some economical allies and the price of fuels is high.


I think this is done to maximize the rejection of dollar support. This is Russia's new policy after the freezing of their foreign assets. Now the emphasis is on the national currency and the currency of the allied states. Refusal to pay debt obligations in dollars already speaks volumes. Instead, the payment went in the national currency.
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Topic
Board Economics
Re: Russia is taking over Ukraine’s Internet
by
Pomogator
on 29/06/2022, 05:46:46 UTC
It was expected. All occupied territories of Ukraine must be transferred to all Russian companies, otherwise it will be complete chaos. Thus, Russia is moving away from the control of the occupied territories in the digital field, which simplifies its further activities in these territories.
Post
Topic
Board Economics
Re: Russia's economy is 'imploding' on export decline, economists claim
by
Pomogator
on 29/06/2022, 05:38:19 UTC
In my opinion, the Russian economy will not collapse due to the imposition of Western sanctions.  

However, Russia is threatened with the "archaization" of the economy.  

At the same time, cars, trains, planes, and trains were produced in the USSR.  All this functioned without the use of modern electronics.  The Russians have the opportunity to gradually restore their heavy industry and even machine tool building. The economy will function.

However, in the field of microelectronics and modern technologies, Russia are hopelessly behind the countries of the Western world.
In the Soviet Union at that time there was a very modern production of products and equipment, perhaps due to the fact that it was aimed at the domestic market, it was so specific. I really agree with you that Russia will no longer catch up with the world of microprocessor engineering, and this is sad.
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Topic
Board Economics
Re: Regulation seem like the only option left
by
Pomogator
on 28/06/2022, 20:50:17 UTC
It's time for cryptocurrencies to have strict and clear rules, it's been more than 10 years but cryptocurrencies don't have clear regulations yet, this certainly makes us worry about the future, as happened with LUNA which was previously ranked 10 with a price of more than $100 but only take a week to be under 1 cent.
We really need some kind of system of rules that would restrict inexperienced investors from rash investments. The Luna situation happened because of the inexperience of the system, it happened even with tight regulation.
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Topic
Board Economics
Re: WHY ITS SO POSITIVE THIS BEARMARKET.
by
Pomogator
on 28/06/2022, 20:05:25 UTC
Bearmarket is a good opportunity for anyone from Newbies to Whales to buy, profit opportunities can be easy if we buy when the bearmarket, the important thing after buying is to be patient and hold according to plan, if patiently waiting then we will profit.
I think it is worth taking into account the fact that only a few will grow out of a thousand shitcoins. You should pay attention to major coins like bitcoin and bnb. I have already made a lot of reckless investments in order to believe in the success of shitcoins.
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Topic
Board Economics
Re: Should we embrace a cashless policy??
by
Pomogator
on 24/06/2022, 20:52:46 UTC
The problem with going cashless is that not many people will be able to embrace it. in the advanced countries this may not be such a big deal as nearly everyone is already familiar with all sort of technology and buying online in a cashless manner. in the developing countries with high number of uneducated people, this can be a very big issue, it will require teaching almost everyone on how to operate an internet enabled device and own one as well.
Going completely cashless will pose a lot of challenges to many people which i doubt the governments are ready to subject its citizens to. So this is not advisable best thing for now is operate in both ways 
Now we are talking about the transition to cashless payments in developed countries. In the last 5 years, I have noticed how much the attitude towards cashless payments has changed. 80% of all customers pay by card. I myself prefer paper money, in this regard I am conservative.
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Topic
Board Economics
Re: The end of the Pay to Play blockchain games hype?
by
Pomogator
on 23/06/2022, 06:10:09 UTC
These models are like filling the pockets of game owners only. I think they are making entire tokenomics for their brand just because initially they will get investment through ICO's, pre-sales etc. Using that money they develop the games (??) and definitely there is so much money is raised they do not even consume that much.
They are already in profits and just keep running the games for some extra bucks or regular pay-check.

If they started using bitcoin right form the beginning then they don't have anything to offer except traditional way of getting users on board to invest in their venture and gain little capital.

However, these days peeps are keen on investing into tokens because they think it could be next bitcoin and they could have loads of profits in the future. Unfortunately it's the want and greed of money and nothing else that pulls the crowd these days.
Indeed, it turns out to be a vicious circle. People want easy money and invest in such projects to give them life. CEO see the ease of creating and raising money and start churning out these projects. This circle will be until people understand that this is another financial scheme for making easy money from investors.
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Topic
Board Economics
Re: From Sideways to Downhill
by
Pomogator
on 23/06/2022, 05:56:57 UTC
In this case you can only do one thing "Hold", this is the best option at the moment all the weak hands who sold their bitcoin will surely regret, another thing you can also do if you have a dollar you have to buy more bitcoin Every drop because this is a great opportunity that may not be repeated in the future. The market situation is now difficult and the global economy is in a downturn so it is better at this stage to leave work and go on vacation until the situation stabilizes. Personally, I am optimistic that Bitcoin will do it this time as it has always done and come back stronger than it was.
This situation has already happened with bitcoin, it lost its price and fell to the very bottom. I think now exactly the same situation, we need to be patient and keep our bitcoins until better times. Of course, these are very bad days in the crypto world, but you should not give in to emotions.
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Topic
Board Economics
Re: Do not panic. Everything will get better
by
Pomogator
on 23/06/2022, 05:45:36 UTC
Panic will make us regret because we can't think and make the best decisions, even though the market is bearish but we shouldn't panic because anything can happen, maybe right now the market is red but soon it will recover and even skyrocket again, I've often had cases like this time over and over again.
I agree with you. I've made emotional mistakes enough times already. Even now, seeing such a bitcoin rate, I want to sell all my assets and give up everything, but it’s some kind of hamster talking in me, now I’m more experienced and I won’t do that.
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Topic
Board Economics
Re: Crashes are The Best Times to Get Rich - Robert Kiyosaki
by
Pomogator
on 22/06/2022, 17:45:18 UTC
Yes, I really agree with him. Last time bitcoin hit the lows at $4,000 a couple of years ago, I was sure that this was a complete collapse of bitcoin. After such growth and the second mining boom, I also adhere to the position that I need to buy, so I wait for the rate of $14-15k and buy.
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Topic
Board Economics
Re: UK inflation hits new high of 9.1% as food and energy price surge persists
by
Pomogator
on 22/06/2022, 17:28:20 UTC
I've lived in a country with high inflation rate, and I guess it made me pretty much insensitive to changes like this. I've been living in the UK since February, and if the prices got higher within this period of time, I didn't notice. They're very high, but that's because I compare them to a third-world country where I'm from. The 9% inflation, though, doesn't mean that the prices for goods went up by 9%. And you can see from this article that it's actually more like 4%, which, honestly, isn't easy to notice. If your average shop bill was 40 GBP, it would now be 42. Would you notice that?

I think the purpose of this article is to show what consequences such a policy of Great Britain and the rest of the NATO bloc in particular has. If you continue to adhere to this position, then everything will only get worse. Of course, now these 2 pounds do not play any role, but in a year it will already turn into 10 pounds, and maybe more.
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Topic
Board Economics
Re: Strong russia and china narrative vs weak usa but the thing is
by
Pomogator
on 22/06/2022, 17:22:42 UTC
I think it is not very correct to take as a basis only the stock market of the country, even though it is the world market. Don't forget that Russia is a very strong and independent country because of its natural resources. China is also a global manufacturer of various things. It is very strange to talk only about the stock market, especially since this bubble will burst soon.
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Topic
Board Economics
Re: You win or you learn.
by
Pomogator
on 21/06/2022, 12:19:51 UTC
The truth is that if you are in control you win all the time without losing.  This can only possible in a Perfect World where you actually know things ahead of time and have control over them.

A perfect world exists but is often denied by those living in the imperfect world. It's a World ruled by the CREATOR of all things,and it exists on Earth.



Yes, it is impossible to always get only profit. This is very often out of your control, especially during a crypto crisis like this. I also lost a fairly large amount, I had a plan and it did not help me. I'm thinking of leaving all my assets before the end of the crypto winter, this is my only new plan right now.
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Topic
Board Economics
Re: if you think 18k btc is low wait until autumn ...
by
Pomogator
on 21/06/2022, 12:03:34 UTC
No wonder, as many people know that the Bitcoin chart is cyclical and the onset of crypto winter is coming very soon. Therefore, statements that bitcoin will never grow higher than before are nonsense. Use this moment as an opportunity to buy things that are unrealistic to find during the mining boom, such as a video card.