I dont think government will do such things like this,but if they really push this move forward i think it will not replace fiat but isntead stand along with fiat,they will not make people support just one asset but to force people to suppor 2 asset powered by the government
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Ive used coinbase one time but i dont feel secure using this wallet for my bitcoins so i transfer to xapo,this past few years ive heard both good and bad news on coinbase.Maybe you just hit a bad time contacting the support just try it again and be calm
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Its great to inform new investors about this type or market,i know some people who gone crazy when they lose huge amounto of money back in 2017-2018 and still havent recover yet and officially lost it all because they panic and sold their holds due to this bear market they know nothing about this type of situation/season on bitcoin community
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There are two banks i know associated and i personally use to cashout my funds,first is BPI (Bank of the Philippine Islands) process is fast cashout before 10 am and you receive funds at 6pm that day never tried huge amount like what you mentioned but ihave tried 50k cash no problem encountered same as with BDO (Banco de Oro)
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First you need to understand bitcoin value and usd value of eth,when eth price drops bitcoins do pump and when bitcoin pump eth price in usd increases together with the bitcoin but bitcoin value of eth gets lower because of bitcoin is gaining price in usd.Simple trading thing you need to know you lose bitcoin value but win on usd value
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Heres a short and sweet answer, buy bitcoins, hodl.
Simple as that.
Its not that guaranteed that bitcoin will be always up,for some people who are investing money on bitcoin and hodling them most of them are crying now specialy those who bought last 20k pump when im sure someone said that hodlinh bitcoin will generate you tons of money
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I didnt purchase bitcoin at mountain peak price but if i did bought and been a bag holder and when bull market hits im 100% sure that i will really sell all my coins once i regain my lose,its hard to predict how far can bitcoin go when its pumping so i can be a victim of bag holding again if i continue to hodl
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Ofcourse cryptocurrency needs alot of resources that you must have in order to go with it,internet computer is the main ones its common to find most number of users in first class countries because they have and they can buy services like what i mention computer and internet.Third class country people still find it hard to have money for food so they cant even have money to buy neccesity in order to join cryptoworld
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Bitcoins volume in dollars just boom because of the transaction blocks which shows multiple hash of the same transaction which makes the volume of the sent bitcoin to 2 or 5 folds,so thats the reason why bitcoin volume is that big
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Im pretty sure this thing will happen in the future remember when steam accep bitcoin as a payment method for cashing in steam wallet funds,i think what they did is just a dry run on how will it operate and amazon for sure will do this too
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So ano sa tingin niyo to ngayon guys kung stepping stone ba ng adaptation ng pilipinas sa cryptocurrency or stepping stone ng gobyerno para makontrol ang pag gamit ng bitcoin sa bansa natin?Oo maganda at may sariling exchange tayo sa pilipinas pero sa tingin ko mapagsasamantalahan to ng gobyerno since alam na nila na madaming crypto user sa pinas
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Preparing for bullrun is nothing technical,you can prepare whenever you see some signals from those huge traders.Buy and hold coins when you heard of a good news thats how you basically prepare plus do some research
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It is indeed worth the shot for.Bitcoins price now is at its bottom base on the recent pump so i think this will be a safe spot to start investing some money while its this low.Because when the bear market end youll gonna see whats bitcoin is capable of
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Bitcoin BTC can be a currency only if its price is stable.
Not only being stable in price is tha fact,centralization.If we were to publish bitcoin as a main currency we rather the government or someone needs to regulate bitcoins and tax people using bitcoins.Price is just a secondary concern for this.Even dollars price is not stable isnt it?
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If the bear market is ending in a bit we can see signals from all over the internet and bitcoins graph itself,just like last year price booms after bearish market.But this years pump i think cant surpass 20k base on the bad news reports after 2018s pump
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If you are planning to invest on trading you better start researching now,buying bitcoins now at 4k i think will be somehow profitable for the months thats gonna come,we are expecting this bearish market to end soon so better be stacking up.
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It should be way higher than it is right now.Many users switch their bias to hard fork coins leaving bitcoin entirely and not trading them,if they were hundred of thousand of people they can contribute big on pumping of bitcoins price
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Para sakin di ko gagawing full time ang trading unless mayroon akong milyon milyon na puhunan,dahil bilang small time trader napakahirap maipit sa bear market lalo na at kapag nangaylangan kana mapipilitan kang ibenta ng bagsak presyo.So need muna siguro ako maka financially stable then take trading as a full time job
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But I wouldn't use Bitcoin to pay for anything that fiat can pay with unless it's very necessary, if I were you. Bitcoin is a provably scarce resource, don't waste it. HODL. For me its just the same thing bro,later on you would be withdrawing your bitcoins to fiat to pay for bills if you are only base on bitcoin earnings,and it makes paying more convinient by you not going to stand a long line on paying
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Why would it go down?Yeah there are a huge percentage of bitcoin miners there in china but im pretty sure they can easily transfer their operation to another country it may drop for a while?but it will be good in just a few days
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