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There are countries approved the use of bitcoin especially in Japan, the government already recognize the bitcoin as part of their currency. As well as in the Philippines, the government gave an authority to one private company to utilize the transaction of bitcoin and they are planning to implement some rules and regulation of bitcoin.
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It is better to study first than focusing on bitcoin. Education is still a key to success, if you can do both of these two, studying while joining the bitcoin, that’s a wise idea, so that in your future you have your money to keep and be used. Many of us are not just focusing on bitcoin, some of us are also have a job. If we can do multitasking, why not to continue this. It’s an opportunity for us.
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Indeed, a great news that Philippines is aiming to legalize the transaction of crypto currency. Just like in Japan, introduces and legalize the cryptocurrency there. It will boost more the economy’s profit and the innovation of technolgy and ideas of filipinos will be enhance by implementing this type of digital currency. It is better for the government to recognize crypto currencies and make rules than to ban them because it will lessen the poverty and unemployment rate.
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Bitcoin helps developing the world by the innovation of technology and utilizing the blockchain technology. It gives a future knowledge to those people who are using it and if it will be recognized in the whole world as part of currency then probably it will surely lessen the cost of time and fee for the transactions that we made.
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Bitcoin is not a private currency because nobody's own it. We all know that this decentralized crypto currency made by the blockchain technology. That's why governments are against with this crypto currency because they want to have a currency that they can control and monitor, just like what we have now, the dollars and euros.
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We cannot predict if bitcoin will just disappear in the future or it will still stay as a digital currency. But, since the creation of bitcoin way back nine years ago it is not recognizable or people giving attention to this but as you can see years by years, bitcoin evolves its value and became the dominant crypto currency. Though, the market now are in red line but still bitcoin has a high value than any other crypto currencies. So, probably in the near future bitcoin will still remain if the more and more people utilize it and recognize it by the government.
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Obviously, the price of ethereum is based on bitcoin's value, though some other times bitcoin rise up but still the ethereum didn't. It's normal for the other crypto currency to go down while bitcoin is in high price. It's not all the time that they were just relying on bitcoin though these crypto currencies are based in bitcoin but it is still depend in the demand and supply of a certain crypto currency.
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Bitcoin can be a global currency and it is utilize now all over the countries around the world, it's just there are some countries who banned this bitcoin but it is consider as a global currency in an online market. It can replaced the idea of traditional transaction in the banks and as the present technology with the helped to recognize the bitcoin, it is pretty much sure in the near future the bitcoin will be part of a legal global currency.
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Tracking down a person who scammed you is quite hard because we all know bitcoin is decentralized and storing it or getting it from you is really hard to return it back. Once you've scammed in this crypto currency world it will be a very hard time to recover from it. Especially there's still no legislative order about bitcoin in a certain country, it is not fully legalize so there's no chance to file a case or any legal action to do.
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There are some exchanges that they apply transaction fees, so it is pretty much better if the government also will implement taxed to the crypto exchanges than to be banned. For us to be legalize in trading and investing in the crypto currencies because it will be hard for us if all of the countries will ban the crypto currency and we can check if the exchanges is not a fraud because they have an authority to operate from the government.
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These bans are a result of the social media giants being American companies. The line of nonsense about placing the ban due to all of the scammers using the buzz is absolutely ridiculous. The U.S. Securities and Exchange Commission has decided to apply pressure wherever they can in the interest of suppressing the growth and eventual adoption of cryptocurrencies. With google and subsequently youtube following suit on the ban in June of this year ICOs will definitely take a hit without the power of these platforms to disseminate information. How much is yet to be seen after June comes and goes.
Likewise, because obviously they are american private company and they don't have any choice to follow the rules implemented by their government so they can be far from controversies. But, there's still a lot of platform to advertise ICOs and implementing crypto currencies in some exchanges sites. |
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First of all, no one knows what is or what are the reasons behind the falling of bitcoin price. But, with the some experts predictions it may be caused by the owners of bitcoin who sells their bitcoin in a low price because they are afraid to lose it, can be also in the supply of the bitcoin, so that the low the supply the higher of price will it be. It can be also the social media banning for crypto currencies, because we all know social media has a strong power of advertisement which is utilize now and easily to spread a news or ad. Perhaps, it is also the banning of some countries to regulate bitcoin nor crypto currencies.
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