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Showing 20 of 753 results by squog
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Board Economics
Re: China Will Kill Bitcoin: A Conspiracy Theory
by
squog
on 28/11/2018, 03:50:30 UTC
Well that us just it, a conspiracy. I mean i have been seeing ICOs left and right originating from China and project that are crypto currency related from China. I think the trend is that China os actually thinking of opening it's doors again in crypto currency in the future. Hopefully sooner rather than later.
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Topic
Board Economics
Re: Do you ever wonders why we are using this paper as money?
by
squog
on 28/11/2018, 03:47:40 UTC
Well, technically money is not printed on papet but is actually printed on cotton. It is also not printed out of thin air because all of the printed currency if you collect them all with amount to the gokd reserves of a given country. The more reserves thebmore valuable the currency or the more currency a country can print. This is all very much available on the internet.
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Topic
Board Economics
Re: blockchain and voting
by
squog
on 28/11/2018, 03:44:06 UTC
I think that great that we see applications for blockchain technologies other than crypto currency but crypto currency is transparent, and a transparent voting where we can figure out who voted for who is a double edged sword. These people could be targeted with prejudice and other nasty things. Then again, i fully support other applications of blockchain technologies
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Topic
Board Economics
Re: Is President Trump good or bad for the economy?
by
squog
on 27/11/2018, 05:03:48 UTC
Ok, I'll make a very controversial answer here and say that i think Trump helps the economy. I mean yes he sucks in politics but i think the economy he inherited from the previous administration really just happened to collapse on his term abd he's doing his best, as an entrepreneur, to prop it up. I could be wrong.
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Topic
Board Economics
Re: WORLD CRISIS IN 2018
by
squog
on 27/11/2018, 05:00:27 UTC
Quote from: KonstantinosM on September 17, 2018, 11:08:25 PM
Quote from: buternasek on September 17, 2018, 10:41:08 PM
By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.

I'd like to hear more about your sources first. Which country is going bankrupt. What is your source for the US getting gold.

How is gold going to help during a debt crisis?


Anyway, my belief, and the belief of many libertarians (which are over-represented in the bitcoin community) is that if the dollar collapsed, people would escape into bitcoin thus pushing the price up.


People have been predicting the fall of the dollar forever, but it hasn't happened yet so don't delude yourself that it will certainly happen in 2018, or any other year without some serious understanding of the current economy.

True, it would've helped the discussion to be clear by citing sources but nonetheless I'd say my piece. I think the main reason we are having this crisis is that we nations all over the world don't havr as strong a diplomatic agreement as there was before. China has been grabbing lands, the US is alienating their allies, Russia is as hostile as ever, the Brits are confused if they want in or out.
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Topic
Board Economics
Re: Price stability
by
squog
on 27/11/2018, 04:56:08 UTC
Well yes, it should have given the price of Bitcoin and in fact any other crypto currency a boost but fact of the matter is, the price correction for the early year price spike is devastating that it just slowed it down. Then again, other people think that there is a different reason for this so let's see what they have for us.
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Topic
Board Economics
Re: is there any economic effect for the country or bitcoin users
by
squog
on 27/11/2018, 04:52:29 UTC
It does affect crypto currency users because they have a viable decentralized currency that they could invest in and take advantage of it's price volatility. This added revenue for crypto currency users could be used to purchase goods and services in the market and would in turn bolster the economy making it healthier.
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Topic
Board Economics
Re: How much money and bitcoins do you need to influence the price?
by
squog
on 26/11/2018, 06:43:54 UTC
I don't know, i mean we'll be looking at millions of dollars to be able yo manipulate a market to the extent of seeing it increase its price. That is, without the fact that crypto currency has this price correction phase. So that means that if you're a whale, you'll need to look at your portfolio 24/7 to get chump change.
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Topic
Board Economics
Re: How do you feel about market regulation?
by
squog
on 26/11/2018, 06:41:25 UTC
Personally I'm ok with crypto currency regulation. This just means that people with vested interests in crypto currency would be protected by tje law and by extension will be prosecuted if found of fraud or any criminal activities involved in such in return for paying taxes. But the thing is it should be pro crypto currency and not just getting taxed without any protection.
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Topic
Board Economics
Re: 10th Birthday, Bitcoin Price Is No Longer Exciting ?
by
squog
on 26/11/2018, 04:22:54 UTC
I don't know. I mean if you're talking about the price spiking again to be "exciting" then I'd say that it true in a sense, but saying that the price now is not "exciting" is frankly wrong. I mean this year is the year I've finally bought a whole Bitcoin so thst for me exciting enough. It is a matter of perspective.
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Topic
Board Economics
Re: Young people will drive Bitcoin adoption more than the older generation.
by
squog
on 26/11/2018, 04:20:25 UTC
I don't know, msybe because young people are more open to change and haven't had a set niche to get used to snd are usually more adaptive to new, exciting and innovative things in their lives. But then again, saying this across all young people wouldn't be true because again, some young people are hipsters and would want to be set in their ways.
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Topic
Board Economics
Re: Expert: Banks are Enthusiastic Towards Crypto, Waiting for Regulators to Invest
by
squog
on 21/11/2018, 03:50:27 UTC
If ever banks really want to be on the crypto currency game, that is fone and good but these banks would only stick to crypto currency up until it benefits them and i doubt they will stick around long enough to make crypto currency stable enough for adoption. Let's just see what happens once they join in.
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Topic
Board Economics
Re: Institutional Investors Are Using Back Door for Crypto Buys
by
squog
on 21/11/2018, 03:47:40 UTC
I'm on th fence about this. I mean these institutions only care about one thing, and that is profit. The more profit they have, the more they're willing to put money up front. The problem is, i and like minded other would want crypto currency to be stable in the market nit necessarily boost it's price.
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Topic
Board Economics
Re: Cryptocurrency - future?
by
squog
on 21/11/2018, 03:44:18 UTC
I'd hope that in the future, more and more countries will express their support to crypto currency and make laws in order to protect the people with vested interest on it. I would like to also see leaps and bounds in the blockchain technology that it will be used not just on currency distribution but on other things.
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Topic
Board Economics
Re: How much important bitcoin for entrepreneurs?
by
squog
on 21/11/2018, 03:42:27 UTC
As a currency in face value, crypto currency is bad for business. It is so vilatile that it's price changes almosy everyhour. The value of a product or service that would be tied to the crypto currency would change every now and then and that could create confusion in the market o top of the inflation and other variables.
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Topic
Board Economics
Re: What should I choose
by
squog
on 20/11/2018, 13:20:45 UTC
I don't think as a newly college graduate auch as yourself would have enough money to stake for a business much less your own business. So i suggest building your capital by investing your graduation gift from grandma in crypto currency until such a time that you can have enough capital and security deposit to see it through.
Post
Topic
Board Speculation (Altcoins)
Re: The market is looking all red once again
by
squog
on 20/11/2018, 13:18:18 UTC
We all know that this has been happening for the whole year. But if you look at what crypto currency is 5 years ago then you would see that we are just returning to a norm. This could even mean that we could see stabilization at this point. Outside that, be happy that it is in the red. I mean coins are in sale this year.
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Board Economics
Re: What do you think about crypto currency issued by the government?
by
squog
on 20/11/2018, 13:16:09 UTC
I think crypto currency issued by the government and is backed by the government would be calling the same animal a different name. It would still work like a fiat and they could control it but still disguised as decentralized crypto currency. They would either ban any other crypto currency adoption in their country or tax other crypto currencies higher.
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Topic
Board Economics
Re: Bitcoin ATM started in India despite RBI restrictions.
by
squog
on 19/11/2018, 02:25:17 UTC
Wait i thought India banned crypto currency. Then again, i think this is a sign that India is welcoming crypto currency again in their country. Thay fact that this happened mean that we can see a precidence that other countries that ban crypto currency can follow to. I just hope India and other countries that ban crypto currency changes their minds.
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Topic
Board Economics
Re: If Bitcoins aren't tied to a conventional currency how did they get so valuable?
by
squog
on 19/11/2018, 02:22:29 UTC
Much like how gold and other things got expensive, it is how much people are willing to pay for it. You have to remember thst crypto currency is based on supply and demand (like any other commodity) and price would move depending on how much people are willing to pay for it. I just don't know the technical side of it.