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Archive for the ‘korea’ tag

Jan 11, 2018

Say it again, Bitcoin Investors: “Bad News is Good News”

Posted by in categories: bitcoin, cryptocurrencies, economics, government, policy

By now, every interested news-junkie is aware that Bitcoin plummeted from $15,000 to $13,000 (USD exchange rate) on January 11, 2018. This morning, every news outlet and armchair analyst attributes the drop to the Korean government signaling that it will ban Bitcoin trading among its citizens.

With Donald Trump and Kim Jong Un butting heads over nuclear missile tests and the upcoming Winter Olympics, you would think that South Korea has other priorities than banning Bitcoin.

As with all news—except accidents—the Korean plans were known by a few insiders (in this case, government bureaucrats), and so the influence on value was bigger than the drop that occurred after the news story. In the days before this “event”, it was probably responsible for a drop of about $4500 in exchange value.

Listen up Wild Ducks! We have heard this before. On Sept 11, China announced the exact same thing. I wrote about it in the most popular article of my 7 years as Blogger: Bad News is Good News for Bitcoin Investors.

Continue reading “Say it again, Bitcoin Investors: ‘Bad News is Good News’” »

Jun 9, 2012

The Crisis in Education in Korea and the World

Posted by in categories: education, philosophy, supercomputing, sustainability

Emanuel Pastreich

Professor

Kyung Hee University

June 9, 2012

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