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Showing 20 of 31 results by korkyqq
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Topic
Board Economics
Re: Bitcoin value
by
korkyqq
on 26/07/2018, 20:21:03 UTC
Escape path? Why? The price is not dropping. I don't see any indicators that the price is going down. Why there is even a talk about an escape path.
And it's very simple, the price of the Bitcoin is the value someone is willing to pay on the market. The Bitcoin is still a very valuable asset on the crypto-market. So, maybe the will fluctuate in the future, but I think the Bitcoin will still stand there.
Post
Topic
Board Politics & Society
Re: Can facebook change the way you vote ?.
by
korkyqq
on 25/07/2018, 16:32:20 UTC
Channel 4 news saying facebook is a danger to democracy ..Is it?

I believe our normal TV media stations are more of a danger to democracy than facebook..
They spread PROPAGANDA    tv stations ..

My vote goes by the way my area is acting ..Acting all nice like no shootings then good leaders
Loads of shootings and poverty then not even facebook or the media will change my mind..

I think it's not danger to democracy. Its dangerous to their view of democracy. Facebook is a free platform on which everyone can express their opinion. So facebook is a chance for the parties and politicians who aren't as financially powerful to make an expensive campaign, to advertise themselves. For example, in an election a few years back I wasn't sure what to do. I didn't want to vote for  the 2 biggest parties, so I was thinking boycott, but I saw a debate on Facebook, and a politician from a smaller party was making some points I really liked, and I voted for them. They did not won, but from that moment they are gaining more and more fans.
Post
Topic
Board Economics
Re: BITCOIN IS NOT BUBBLE!!
by
korkyqq
on 25/07/2018, 16:24:02 UTC
Today, the Internet World is full of people who are called economists who say bitcoin is a "bubble." they seemed to spread fear, uncertainty, and doubt. They say that the bitcoin high price rally will be a disaster. however, it looks like they just hate cryptocurrency. many of these experts do not fully understand bitcoin.

Bitcoin is special. This is not a company that can lose profitability and fail. This is certainly not a speculative real estate scam that could collapse due to government and bank fraud. Bitcoin is something else. Its value does not increase due to market lies. This is increasing because it is a life-changing financial discovery. This increases as more people adopt it.

Bitcoin also grows as a result of basic economy. Its supply is limited to 21 million units and this certainly makes assets scarce.  If something is scarce and many people want it, then, its value will eventually increase.

So.. Bitcoin is not Bubble!!

You are absolutely right. The people that spread these theories are people who don't like the Bitcoin. Some people are scared of the Bitcoin, because it's hard to control the money supply. And that is why some economists will try to hurt the Bitcoin as much, as they can. They want to resume control of the market, and as long as the Bitcoin is strong, they can't do that.

When you here them say "Bitcoin is a bubble", answer them: "why the bubble doesn't burst even after 10 years".
Post
Topic
Board Economics
Re: Do you think the whales are manipulating the markets
by
korkyqq
on 23/07/2018, 19:08:55 UTC
Hi guys ,
Do you think the whales are manipulating the markets ?? Has any one noticed that the current bull run that has been on for the last few weeks comes to a halt every time it reaches the 10 k mark and slides down . My theory is that whales sell at 10k and then create fud so market slides down only to buy back and pump . What do you think ?

This may be true, or not. But you have a good point there. Observing the price the past 2 years, your point is very viable. Last year there was some information circling the bitcoin market, it was expected the price to go 100k but it stopped and started to fall. I'll add to your theory that not only they sell big at prices over 10k, but they flood the market with fake news about potential price growth and thus the prices rise to the desired limit, and they sell. It's a circle, and I won't be surprised if we have something like this in the months ahead of us.
Post
Topic
Board Economics
Re: Does money make you rich?
by
korkyqq
on 13/07/2018, 17:36:07 UTC
To me the answer is No. Money alone doesn't make an individual rich. A lot of people go to work everyday, working for money and making more money, but fail to become richer. Ironically, many only grow deeper in debt.we have all heard stories of lottery winners who are instantly poor again. Also there are cases of real estate going into foreclosure instead of making homeowners richer. We all know of persons who have lost money investing in the stock market. Maybe you are one of those individuals who have lost money investing on cryptocurrency,Bitcoin to be precise. Even investing in gold(real money) can cost the investor money

For all intents and purposes, it is not business, estates, stocks, bitcoin (crypto currency) or money that makes a person rich. It is information, wisdom, knowledge that makes one wealthy.

It's important what we do with money. Money is here to make our life more easy, more simple. Having  more money can help you performing your day-to-day activities easier. And it's up to us, if we use that money to enrich ourselves, mentally, spiritually etc.
Post
Topic
Board Economics
Re: Becoming wealthy and social responsibility
by
korkyqq
on 05/07/2018, 19:57:42 UTC
While I don't have many posts. I got involved in Bitcoin in 2013 and joined this forum in 2014. While I do not consider myself wealthy from Bitcoin yet. I do have an idea of how I would like to direct some of this new found wealth. I think most of the people who got involved early got involved for the right reasons. IE: To change the world and move humanity out of the control of the bankers. I am concerned that the new people coming may only be in to make money. I hope I am wrong, I really want this technology to be a force of good in the world and deliver economic freedom to the masses and the unbanked. My hope is everyone who was early, has some idea in mind that will help others. Maybe help your family, or a charity that you think isn't wasting money, or building a community swimming pool etc. If you have a lot of money think big and how you can change the world for the better. This is our chance!

The new people getting involved in Bitcoin are in only for the money. And not just the Bitcoin. They engage with every crypto currencies only for the profit. As a matter of fact, I haven't heard that many other currencies have the same goal as the Bitcoin, that is releasing the money from the control of the bankers and the political elites. As a matter of fact, many currencies are built for the sole purpose of destroying the Bitcoin, so called "Bitcoin killers". I sincerely hope the bitcoin achieves the goals it was built for.
Post
Topic
Board Politics & Society
Re: Electric Cars - The future ?
by
korkyqq
on 05/07/2018, 19:42:30 UTC
Alot of the major car manufacturers are turning their sights on electric and hybrid cars and it seems it's only a matter of time before petrol and diesel cars are gone the way of the dodo. Tesla unveiled an impressive truck for transporting goods. Alot of governments and car manufacturers seem to be getting on board with going green for all the obvious reasons but how soon do you predict before electric is the norm in transportation ?

Do you own an electric car or are considering buying one  ? What are your reasons for buying it ?




The electric car industry is a rising one, that is a fact. It is very good to know that a car not emitting any poisonous gas is built.
But there is still big obstacles. There isn't a developed infrastructure for battery charging, and the trouble doesn't end there.
In a study by the Swedish Environmental Research Institute conducted in 2017 is said that the Tesla car batteries aren't so "green" afterall.
According to the study the car batteries used in a Tesla generate as much CO2 as driving a gasoline-powered car for eight years.
And that’s before they even come off the production line. The problem is that these emissions occur throughout the manufacturing process of the batteries.
So we have another problem. How to find a process that doesn't emit CO2. If this problem is not solved, what's the point, if the car itself is eco-friendly.

https://www.breitbart.com/big-government/2017/06/21/delingpole-tesla-car-batteries-co2-not-remotely-green-study-finds/
Post
Topic
Board Economics
Re: Is the government really scary?
by
korkyqq
on 05/07/2018, 16:39:18 UTC
Many people say the government is not interested in cryptocurrency. Many people think the government has prohibit
crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating.
You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family. Wink

You're absolutely right. In developing countries, that is the only thing the government is doing. They are never going to let free(uncontrolled) money flow. By the lie that they are protecting the investors. They are only protecting their financiers. The rich are funding their politicians, and for return, they want protection of their investments.
Post
Topic
Board Economics
Re: What happnes to BTC,if the oil price goes up?
by
korkyqq
on 05/07/2018, 16:24:36 UTC
It shouldn't have very big effect on the bitcoin.  But for sure it's not very helpful, because the more money are spent to buy oil, the less money there is to spend on bitcoin. But if the bitcoin has a stable demand from people who purchase it with other crypto coins, it shouldn't be a problem.
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Topic
Board Economics
Re: Banking is Dead… Long live Blockchain Banking!
by
korkyqq
on 05/07/2018, 16:02:14 UTC
One thing is certain. Blockchain banking is faster than conventional banking. It all depends to this: are the countries willing to let faster(not so controlled) money flow, or not. Anf if they still want to control the money flow, how much time it takes for the countries to adapt to the system, and regulate it well.
Post
Topic
Board Economics
Re: Is NOW the best time to buy or enter in bitcoin?
by
korkyqq
on 05/07/2018, 15:56:28 UTC
It's still hard to tell. It all depends on the trading activity. If there is some big increase in Bitcoin demand by some big time traders, that want to drive the price up, than it is good time to invest now. We had such a spur in 2017 with the Tether coin. The only tricky thing, is having the insider information right on time. So, good luck.
Post
Topic
Board Economics
Re: Reason we pay taxes and why we should
by
korkyqq
on 04/07/2018, 18:07:22 UTC
I agree that the country is going to fund  itself from the taxes its citizens pay, but when how much you pay to the government, its very unfair.
You have taxes deducted right from your salary, you pay a tax when you register your vehicle, you pay tolls, you pay tax on the products you purchase in a store, and I can go on and on and on. But that is not the biggest problem. When you see what you get back, you start to wonder. You get polluted cities, polluted rivers, seas, oceans, you get unresolved crimes, unfixed roads, and streets etc. This is the moment when you realize that the government fails you, and you start tax evasion. I don't say every country has that problem, but, a lot of them do.
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Topic
Board Economics
Re: bitcoin in developing countries
by
korkyqq
on 04/07/2018, 17:47:50 UTC
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

The only important thing is that the governments in developing countries don't want Bitcoin in their economy. They don't want something they can't control.
They will stick to the Fiat currency system because they wan't to control the money supply, the wealth distribution, and as it stands they are set to keep the countries developing, and never developed. This keeps the majority of the citizens poor and easy to manipulate by the politic elites.
Post
Topic
Board Economics
Re: Why we must study Economics at University?
by
korkyqq
on 04/07/2018, 17:41:48 UTC
Most probably in this section are users that are interested mostly in Economics, so I want to know why Economics attracts you?


Maybe to someone it will sound strange, but its actually fun. Being able to understand market processes, price movement, money multiplication, public growth, is very interesting, very helpful in everyday life.
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Topic
Board Economics
Re: Digital Money = Cashless Society
by
korkyqq
on 04/07/2018, 17:32:58 UTC
I think that all around the world, the use of so called, digital money is increasing by the minute. All the e-commerce website show that. Only the undeveloped countries still have a lot of its trading made in cash. This countries are located in the Balkans, Africa and some poor Asian regions.
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Topic
Board Speculation
Re: Price manipulation
by
korkyqq
on 03/07/2018, 19:11:41 UTC
I read that they are investigating criminal price manipulations over Bitcoin. Manipulation of prices is really possible ? This happened before ?

This is very much possible. The stock market is always affected by price manipulations. Up until now I haven't heard of a potential manipulation with the Bitcoin, but if we are able to make an thorough analysis in the past 10 years there is a big possibility we'll find evidence of a suspicious activity. The fact, the bitcoin is traded on cryptic markets can raise the suspicion of price manipulation activities.
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Topic
Board Service Discussion (Altcoins)
Re: The End Of The Bounty.
by
korkyqq
on 22/04/2018, 22:48:45 UTC
There will always be bounty, just not a lot of people that will do what it takes.
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Topic
Board Altcoin Discussion
Re: Millenials
by
korkyqq
on 02/04/2018, 00:21:27 UTC
So, that is probably true. Millenials were born into the age where the world started moving from analog to digital and maybe even grew up with the technology.
Looks like that, but don't forget that - often millennials don't have enough money for invest)
This is also true, because most of the "whales" as we call them are mostly Generation X and even older, millenials are rarely "whales".
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Topic
Board Altcoin Discussion
Re: Zero: A better ZCash fork
by
korkyqq
on 31/03/2018, 16:01:33 UTC
Another day, another fork, or so I thought.
After doing a little bit of research, I found that the project manager sometimes comes to chat to ask for opinions or do Q&A.
I found out that apparently, this coin was the most profitable to mine at one point, before it got beat down by bitcoin's downfall.
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Topic
Board Altcoin Discussion
Re: KICKCoin seems like a good buy right now
by
korkyqq
on 12/11/2017, 17:06:08 UTC
Yeah, I've also seen potential in this coin, I might throw a few dollars into it.