Bitcoin Forum

I want to share my own opinion.I am very happy that I invested my money on PSB. I want to share with others why I Invested on this coin.

1. The total supply is very low comparing other coins.
2. Price is too cheap right at this moment.
3. The idea, Making it easy for people outside of Philippians to send money to their home.
4. I like the way dev giving update to community over years, That shows his honesty.

The biggest hits of this coin the E-wallet Coming out on this month.So, I am pretty sure the price will go up Since people will start using this coin to send money to their home.

I think PSB price will be $1 each before the end of this year.I Recommend to buy now while its cheap !

Useful links

ANN Thread (https://bitcointalk.org/index.php?topic=1581240.0)

Buy Now (https://c-cex.com/?p=psb-btc)

Biggest thing that will propel Pesobit is the upcoming e-wallet service, which will allow people to pay bills and send money online easily without needing Bitcoin.

This feature of Pesobit is scheduled for release in the coming weeks; this service will create natural demand for PSB...

 ;D ;D ;D

current price still cheap and there's still a lot of time to accumulate more and more psb for those who's going to invest with this project,
let see how ewallet will move the project, currently i'm checking the movement of this coin and how they will try to list it inside much
bigger exchange.

Yea the purpose of coin is good sending money or related with remittance business
but I think it is suitable for the peoples who comes from Philippines
and I am not sure for the peoples are not from Philippines or
maybe there are people who can explain about this coin thank you

Nice update of that service offered by the e wallet but I have a question on that service is only offered in Philippines? Or Over the world?

It will be offered in the Philippines of course, and in Canada at the launch (Canada is the 5th country for Philippine workers)

other countries will follow as time goes.

Pesobit has a few goals in mind; main one is a remittance facilitator (lower cost - interest gained for owning PSB)
then we also have the freelance website, which is also upcoming.

After this we have other Peso high remittance countries in mind;

All these are projects which will soon be available; perhaps now is a good time to get in, as price is still low.

E wallet service would be good for PSB but its just the same on coins.ph which they give such feature too? By the way its still good to have an alternative on using it to pay bills is more convenient among us bitcoin and PSB users and also im proud on this coin because its based on Philippines for the name itself PESOBIT.

i can't see anything special about this coin, i see just a regular coin with ico and a pow ended phase, and now only pos? you can send money with any altcoin to philippians you don't need forcefully this coin, and dev isn't giving updates over years, the coin was barely released 6 months ago, not even a year

I fully support pesobit,the only problem is the yobit wallet that is not yet fix I am actively trading on Yobit and I want to convert som eof my altcoins to pesobit,but I don't want to transfer from one exchanges to another I hope the dev will do something about this issue.

Thank you for supporting Pesobit... you will see in the coming weeks our remittance project platform taking shape, which will have an impact on price.

Yobit will be Yobit

Do not attempt to send Pesobit outside Yobit, or you will lose them! They have not upgraded to the new Pesobit 1.1 fork.

Unfortunately Yobit's technical support is totally inefficient. We send Yobit technical support requests every week, and here we are after 4 weeks still no update on Yobit's side.

I recommend we all send technical support requests - eventually they will listen!

Its not new anymore on putting up new coin on Yobit exchange they do really have slow support regarding on problems on any transaction.Just want to ask why you decide to put it on yobit since there are other exchanges?
Im expecting on the remitance project which really looks promising.

Ah I see thanks for the information about that.
Hope Hong Kong and Qatar will be added on that service in future because my parents is working on that country.

@OP thanks for sharing this link with us for long term this coin has chance to get more adoption if people will start using this. I will trow some spare amount into this coin.

If I was staying in another Country I would use Bitcoin rather than a new altcoin that only a few people have heard read about.

as far as i know that limited supply would not guarantee the particular altcoins will last long but i would looking forward to see next move for this coin and i may will invest if the price stable or more good rather than now

If you're not from Philippine, You can still Invest  ;) Even I am not from Philippine but still invested on this coin because of the huge potential of this coin. Since the price is too low i think it's great time to buy.

I believe there will be huge buy pressure after the launch of E-Wallet because that going to make it easy for Philippines to send money to their country with saving huge fees. Also, Don't forget other features on development.

This is where PSB really shines: we will litterally bring this cryptocurrency to people's doors. People who need it and don't know anything about crypto.

There are a few problems with using Bitcoin for international remittances:

1) Huge price premium when buying BTC locally with cash (how many Overseas workers get paid is cash) - not everybody has a Coinbase account connected to his bank

2) Buying Bitcoin with Coinbase and bank account has 4-7 day delay - everything about Bitcoin is slow

3) Many workers have never heard about Bitcoin or are scared of it - they need a system that is very simple to use

4) Bitcoin network has become tremendously slow - and sometimes rejects transactions because of overload - which is why Bitcoin is problematic when buying locally with cash. Imagine buying Bitcoin with cash from a stranger and transaction gets rejected!!! How do you get your money back?

5) There is no way to offset or recuperate any fees with Bitcoin - No interest paid for owning Bitcoin


Pesobit brings simplicity and lower fees; check out the online wallet which is the first part of the remittance solution (https://wallet.pesobit.net/ (https://wallet.pesobit.net/))
Pesobit is Fast, Simple to use, and combined with staking you can earn quite a bit of money with Pesobit by staking or at least recuperate all the fees paid - making Pesobit a free solution, with some planning.

When will the yobit wallet  fix,I would like to buy pesobit using my funds on Yobit coming from trading but it's been months that the wallet is in maintenance so many pesobit are stuck here,dev should do something about this . 

Dev and the whole team is sending weekly support requests to Yobit about the Pesobit wallet; there is nothing more we can do with Yobit , it could take one week to one month - they can be very slow.

I really suggest using C-Cex and Novaexchange for now... (C-Cex is the one with most liquidity)

https://c-cex.com/?p=psb-btc (https://c-cex.com/?p=psb-btc)
https://novaexchange.com/market/BTC_PSB/ (https://novaexchange.com/market/BTC_PSB/)

Volume of Pesobit is good! Usually a precursor of a hike in price soon...

Can't wait for the e-wallet solution to be complete

Great to know about PesoBit. Perhaps you are also aware of Rebit, Coins.ph or Coinpip; all these three services employ the bitcoin platform and they are focused on The Philippines.
 
In which way is the PesoBit offer/service compared to Coins.ph, Coinpip & Rebit?

See more details on Coins.ph, Rebit & Coinpip below:

Rebit is a service of Satoshi Citadel Industries, a Philippines-based holding company for bitcoin-related ventures. Rebit aims to provide a comparable service, at a significantly lower rate, by leveraging a superior process that the bitcoin platform enables. Rebit accepts bitcoin from the sender and then delivers Philippine pesos to the recipient. The bitcoin network allows Rebit to send funds safely and quickly, without incurring in hefty fees.

CoinPip’s vision is to connect the world with blockchain technology. The company offers a friendly and fast international money transfer service that businesses can use to send money to partners and remote workers that are in Indonesia, China, Taiwan, Hong Kong, Singapore, India and the Philippines with just a 2% flat fee.

Coins.ph is a blockchain enabled technology platform that allows users to paybills, send and receive money from anyone through the mobile phone. Coins was founded in 2014 and headquartered at Pasig City, Philippines. It has raised USD 5 millions in 1 round. Some of Coins's investors include Quona Capital, Innovation Endeavors and Pantera Capital.

I am so sorry to hear that you have no proper bitcoin exchange established in the Philippines.

Poor 3rd party services are to blame, not bitcoin network. If you have no access to real bitcoin exchange it can be a problem.
I bet that here are much many workers who know what bitcoin is, than people aware of Pesobit existence.

How are you so different that any other altcoin, AFAIK you don't offer Pesobit to fiat exchange and you can't use Pesobit directly to purchase anything.