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1201  Local / Pilipinas / Re: tumaas ang bitcoin kaya nag research ako about kay BSP on: December 25, 2016, 03:57:55 PM
BSP eyes rules on use of virtual currency

Read more: https://business.inquirer.net/210869/bsp-eyes-rules-on-use-of-virtual-currency#ixzz4Tfq5jsdf


BSP readies rules for virtual money, crowdfunding

http://www.bworldonline.com/content.php?section=TopStory&title=bsp-readies-rules-for-virtual-money-crowdfunding&id=128609

Bitcoin Philippines Update: 3 Fast Facts On BSP Planning To Regulate Remittances Via Bitcoin

http://www.ibtimes.ph/bitcoin-bsp-regulation-ofw-remittances-philippines-5448
Let us all be aware and research on bitcoin updates, although yong pinost mo  po is medyo outdated na siya at least your doing your own research and naisshare mo 'to. Hindi naman talaga posible na magkaroon ng tax sa bitcoin, tingin ko po walang masama dun mahihirapan nga lang sila. I think sa exchange sila magfofocus, if ever magtataas yong transaction fee sa mga exchange dahil sa tax.
1202  Economy / Trading Discussion / Re: When do you plan to sell? on: December 25, 2016, 03:47:41 PM
i am planning to sell my bitcoin if the price is more than $1000, i am fine if i am holding for more and waiting for the current price so i can still collecting my bitcoin in my wallet and after the price is reach more than $1000, maybe i will sell it for small bitcoin first to see the situation.
That is a great idea bro, if I would also have an extra money I won't sell my bitcoin.
I have just little amount of bitcoin right now and planning to invest my bitcoin earnings on the following weeks so I could also sell it with more than $1000 next year.
1203  Bitcoin / Bitcoin Discussion / Re: What do you like best about bitcoin? on: December 25, 2016, 03:40:33 PM
i like best about bitcoin is no tax,profit good and potential is huge

That's is why many people are loving bitcoin, the taxation with bitcoin is not truly applied to us but there are some local exchange sites that are paying real tax for their service offered and the permit to be granted by the government that they are operating. We may not be taxed directly because they aren't saying it and we don't know it but in reality there are some of us who are paying taxed in terms of fees.

It doesn't matter in what manner you have obtained your coins. In each country there is a different law regarding how much wealth you can have without paying tax. If your wealth sits under the level of $20,000 for example, you don't have to pay tax. That however doesn't mean you don't have to declare what you hold. Every year it's a must that you honestly declare everything you have. Bitcoin lends itself perfectly for hiding a certain part of your wealth, but officially, everything must be declared.
People here also in our country would like to hide all other income especially if you are professional making some side duties, because tax really for them is burden, but I believe there are also people who declared it all (I know some).

While in bitcoin I know that we have to declare it also 'cause it is part of our source of income.
1204  Local / Others (Pilipinas) / Re: Ngayong araw ng Pasko ano ang iyon pinaka hihiling? on: December 25, 2016, 03:17:43 AM
Ngayong araw ng Pasko ano ang iyong pinaka hihiling? At Bakit?
 Cheesy Cheesy Cheesy Grin Grin Cool Cool Smiley
My personal wish aside from bitcoin to continue to grow and price to stay as high as it can to sustain our needs,  for my kids for me to grant their wish, a happy family, to be strong and healthy always, and for everyone happy bitcoin earnings. Let's all rock this Christmas, have a bountiful xmas for all of us. Smiley
1205  Economy / Economics / Re: Do you Still believe in Fiat? on: December 24, 2016, 06:47:25 AM
No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community
What are you trying to say dude? What is your reason for not trusting fiat?
 Could you please elaborate so all of us can get your point. I am sorry, I just can't get your thought/idea about what you posted. Please further explain your side. Thanks.

He just said that the fiat money is created by government and banks so they can
gain profits from it etc... and he also said that we have technology to create our own
currency/altcoin.
How are they actually making profit with on the fiat they created, I believe they are not making it as a business but just to be a legal tender where their people can use it and transact legally.
Correct. The government will just simply print money but not to gain profits on it. They just can't print fiat as much as they want just to gain profits on it? They have corresponding policies how many have to print but not to sell the fiat for them to gain.
1206  Economy / Economics / Re: Best way for steady income on: December 24, 2016, 06:10:51 AM
Hello All,

What you think is the best investment to gain steady income in btc without actively doing anything?
So no trading/gambling/loaning etc.

Steady income more likely to be 'small & secure' than 'big & risky'.

Thanks,
BR Oinas


Working! Work!
That's really the only reason to have a steady income!
Without work you will not get there!
First, earn money and then you can invest

I agree, although I think OP wanted to ask about the way to get residual income, but his lack of financial education prevented him from adequately formulating the question.
Ok thank you, I understand
That is really the best thing to do guys to really have steady income.
Work hard for you to grow if you are an employee and make sure make bitcoin as your extra income.
If you are in business focus and work hard also.
In simply, Work hard and Give time for bitcoin and you'll be successful someday.
1207  Economy / Economics / Re: Do you Still believe in Fiat? on: December 24, 2016, 05:24:46 AM
No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community
What are you trying to say dude? What is your reason for not trusting fiat?
 Could you please elaborate so all of us can get your point. I am sorry, I just can't get your thought/idea about what you posted. Please further explain your side. Thanks.
1208  Economy / Trading Discussion / Re: How to increase BTC? on: December 24, 2016, 04:18:42 AM
No need for trading, investing and other stuffs. Bitcoin itself right now is moving and rapidly pumping. It an investment itself. Its not wise to spend your btc right now. But ofcourse if you really want to increase you btc more. Then do trading and invest it to investment sites. But its more safer to hold your btc right now than spend it for trading or other investments.
Those who really has bitcoins now, you should now withdraw it first. If you are really aware of the bitcoin trend/flow right now it is really growing rapidly. So invest it first and wait 'till it reach our expected price.
Back to you topic start lurking at yourself, start on bitcoin faucet if you have money then do invest in trading. There are really many ways to increase the first thing that you should do is to "start".
1209  Economy / Goods / Re: iphone 5s gold europe only photos uploaded on: December 24, 2016, 03:43:47 AM
i have e new iphone 5s gold 16gb for sale 250euro

i ship only treu europe

http://imgur.com/a/bQvIc

escrow is no problem but you look for a service here on the forum and pay the fees for it

regards
If you really wanted to sell it, sell it at low price. It is somehow expensive at it's price bro. It is already second hand, you should consider that although it is i phone.
Try to pic the phone as much as you can so you can convince people that it is not really a scam.
1210  Economy / Trading Discussion / Re: $1000 is on the way on: December 24, 2016, 03:31:01 AM
Still below $1000 today..
Hope will pass $1000. I got limit there
Still has time guys, be patient for those who waits, we still have 7 days before 2017.
 I'm also one of those longing to get high bitcoin price this year, though I have just small amount of btc in my wallet.
I regret I en-cashed 3/4 of my btc I get from forum this month. I should just wait also.
1211  Economy / Trading Discussion / Re: Is 1000 btc Possible on: December 22, 2016, 11:51:28 PM
If you want to earn 1000 bitcoins you need a big amount of capital or if you don't have big capital you need at least great knowledge to execute higher chance of getting good results. In my opinion to reach 1000 bitcoins in profit in just doing trading you need a lot of time and years to accomplish that goal because it is not a small amount it is 1000 BITCOINS and not just 1 but 1K so good luck, I hope you don't get old on waiting for that 1K BTC Profit  Grin Roll Eyes
I think going for 1000BTC especially taking into account many users in the forum probably don't have a single BTC, myself included, is unrealistic, but we must make the effort to invest whatever amount we can even if you only obtain a dollar as profit, that was a dollar you did not have before.
Yeah bro. I myself is same to you guys, as much as I wanted to have even 1btc in my wallet to just stick it there, whenever I needed money I can't help myself but to get it again. Atleast I am benefiting on it although in short time. It is not really my priority to havre 1k btc, as long as I have btc to sustain my needs and small investment in trading that is enough.
1212  Economy / Economics / Re: What will happen if we use a one currency only? on: December 22, 2016, 02:39:38 PM
If there will be a global currency the first who will be affected by this are the people who have an exchange business. They will lost their income and jobs if this will happen. But for me I think it is favoeable because you don't need to exchange it when you go to different countries.

there would be a positive and negative thing when this happens, but I think there will be a lot more negative effects that will be caused. think about the positive effects that are generated when using one currency only maybe you do not need to do the conversion again, but there are a lot of negativ effects that can not be mentioned when this happens
One of its negative side would be the value of the currency would be highly undermined in terms of the performance of those economies which are struggling hard to maintain their status, and each countries will lose their right of deciding their own monetary policy because they'll just follow the one central bank policy.
1213  Other / Archival / Re: Do you agree with idea "Bitcoin bank" ? on: December 22, 2016, 02:29:35 PM
No I do not think that we need something like that because of the fact that its something that is not needed for us right now.
I agree with you, I think we do not really need a bitcoin bank dude, because in fact we still can easily store your bitcoin in a wallet and it's much safer than bank and without any control right ?
Correct. The possibility and most probably would happen if there is bitcoin bank will be tax implementation or the final tax that is imposed if you have savings account in a bank and I don't think that it is a good idea. But the good thing is many people will get interested in how bitcoin works.
I dont think people would really like to use bitcoin bank since there are wallets on the net its either on online or offline and putting bitcoin in bank will reveal your identity.Well for some it maybe okay for them since they somehow assure regarding on the security of their bitcoins.
I think we will not know until it happens. I think there's a bitcoin bank, it will not give any damages to you, after all, it's up to you to use it or not it's free
maybe there are some users who prefer to use a bank, yeah who know?

There is already blockchain and other bitcoin wallet providers and we can be our very own bank. But of course there is something new that will banks just to get some clients for their bitcoin bank service. And many will not going to like this service as we know banks are just always charging everything to their customers even those taxes.
One of the avoidable things if we save or transact money thru bank is the different bank charges, and we really hate it. One of the reasons why I do love bitcoin is the less transaction fee and not time consuming. So, I really don't agree with bitcoin bank.
1214  Economy / Economics / Re: The dream of getting rich with bitcoins on: December 22, 2016, 05:03:51 AM
This is the right moment to immediately rich, bitcoin already many make a rich man with a very easy way. just buy a bitcoin, hold and wait for 1 year or more and then we would be rich. come on, don't wait any longer.
Save bitcoin as much as you can guys, that's one key and withdraw it 5 years from now, and come back here to tell everyone your income.
Getting rich in bitcoin is very easy as long as you know how to hold your bitcoin wisely, don't spend it yet and you will see.
1215  Local / Others (Pilipinas) / Re: Saan kayo magpapasko? on: December 21, 2016, 03:13:39 PM
Mag isa na lang po ako dito sa probinsya kaya mga kabarkada ko lang kasama ko magpasko. Tamang foodtrip lang at inom.
Samahan na kita para naman hindi ka lonely samahan nadin yan ng babae hahaha basta ba sagot mo ang inumin at tutulugan namin charot hahahaha pero maganda talaga kapag pamilya ang kasama mo tiwala lang mag kakaroon din yan <3

ayos to sagot mo ah, hahaha, oo nga, mahirap talaga kapag nagiisa, masyadong malungkot, lalo na ngayon magpapasko, mas masarap kasama mga pamilya mo, pati kahit na mga barkada mo, pati na kung kasama mo kasintahan mo, feel na feel mo talaga ang christmas.
Ang dami ko tawa dito. Inuman talaga.
Bakit ka naman magisa brad?  Nasaan pamilya mo. Hindi man kayo magkasama kahit tawagan mo nalang sila para parang kasama mo na din sila.  Minsan hindi talaga sa lahat ng oras kasama mo sila pakatatag ka lang brad.
1216  Bitcoin / Bitcoin Discussion / Re: If bitcoin died tomorrow on: December 21, 2016, 02:32:03 PM
What would you do?
Move onto another coin?
Cry all day long?
Throw your computer in the pool?
Eat 100 bananas?


If it would die (drop to 1$ for example) I would cry because of the loss
Probably will move to another coin.
My computer stays where it is.
Eat 2 bananas.
This may not relate to the topic but you're quite a talented poet Grin And now we're back to the main thing, well it's hard for you or me or any bitcoin users to move to another coin after the shocking news of bitcoin's death. As we have done a lot, have had so many achievements in this bitcoin world, it's will again be a stepping stone for us to start all over one more time.
Well, I am not going to transfer to another coin if ever bitcoin drop off coz I know it won't happen. There is no small evidence that it will be dead in fact it is getting higher and higher.
But, if ever I'll just drink over night if bitcoin is dead and move on.
1217  Other / Archival / Re: Do you agree with idea "Bitcoin bank" ? on: December 21, 2016, 01:50:37 PM
No I do not think that we need something like that because of the fact that its something that is not needed for us right now.
I agree with you, I think we do not really need a bitcoin bank dude, because in fact we still can easily store your bitcoin in a wallet and it's much safer than bank and without any control right ?
Correct. The possibility and most probably would happen if there is bitcoin bank will be tax implementation or the final tax that is imposed if you have savings account in a bank and I don't think that it is a good idea. But the good thing is many people will get interested in how bitcoin works.
1218  Economy / Economics / Re: Do you Still believe in Fiat? on: December 21, 2016, 01:37:16 PM
I will always believe in fiat, it has a big purpose in our economy. Fiat money and bitcoin is working now together to sustain our money needs so don't need to compare them. Well, we know they have their separate role but the important is they function very well.
Agree. Why wouldn't you believe in fiat anyway? Don't you ever use it? Both has same purpose and function, they are very important in our life, we can't live without them so it should not be an issue whether to believe it or not.
1219  Economy / Speculation / Re: Bitcoin 2017 Predictions on: December 21, 2016, 01:01:30 AM
As users continuously increasing, I think that the price of bitcoin would risen up to 1000$ or more, as the demand increases it is really  possible to happen. Two thumbs up for those who has bitcoin savings. Our predictions will surely shoot our expectations by the coming years.
1220  Local / Others (Pilipinas) / Re: Hanggang kailan tatagal ang BITCOIN? on: December 21, 2016, 12:35:28 AM
Hanggat walang nagiging prroblem sa transactions. yung pag send and receive.  Sa tingin ko naman hndi mangyayari (sana) dahil active ang mga devs.  Although may nakikita ko paminsan-minsan ng double spending, may marurunong gumawa pero sana wag ma-abuse. Pati yung confirmations medyo tumatagal na, inuuna kasi ng miners ang mataas na fee. Kung magiging ganun ang systema. Tyak na magiging problem pag taas ng miner fee sa future.

Ang magiging problema in the future, kung mareach na ang total bitcoin supply which is 21M Bitcoins, hihinto na ang pow nya that time. (I dont know kung pwede palitan ang algo to POS kung mangyari na yan). So far nasa, 16M plus na na bitcoin na namina this time. Smiley Habang tumatagal, tumaas ang difficulty at bumaba ang rewards ng miners. From that, I dont think bitcoin will last forever, besides marami ring Alternative coins. Smiley

Yup tama ka naman. Yung nabanggit ko, mga minor problems lang na ngayun pa lang nagsisimulang maramdaman (o lumalala) na pwedeng mas lumala pa sa near future. Pag nagkaganun, baka hinay-hinay na ko sa bitcoin.. Yung mga nabanggit mo ang totoong pwedeng maging isang dahilan ng pag stop ng bitcoin sa hinaharap. ^^
Pag fully mined na ang bitcoin I don't think na magwawakas to ng basta basta indeed mas lalaki lalo presyo nito kasi limited lang ang supply pero ang demand padami ng padami. Kaya mas marami pa ang magiging users nito pag nakita nila ang possibility na mangyari sa pera nila in the future.
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