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In the Philippines, we have what we called the BSP, Bangko Sentral ng Pilipinas or in English, its the Central Bank of the Philippines. This is the one who regulates the circulating money and all banks in our country. With these, as bitcoin was launch, bitcoin however bavk way then was considered illegal. There are some people who were caught and put to jail. But years later, BSP has slowly accepting it. Lately, it has produced a memorandum presenting the BSP's consideration of bitcoin as not legal and not illegal one. But warns the Philippine Bitcoin Community the risks it may entail.
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On my opinion, he must not be. We should always bare in our minds that he himself is also being paid as an adviser. Nowaday, there is no free at all. Everything has its costs. If McAfee says tbc, the billion coin is not a scam, would you still believe in him? The best source of information, comes from you only. Try to become a skeptical person. And be curious and resoyrcesful as possible.
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Please re-audit also my twitter account sir. Thank you so much. Twitter Username: kinitisda Twitter Profile URL: twitter.com/kinitisda Twitter Audit Link: https://www.twitteraudit.com/kinitisda Thank you in advanced! |
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Bitcoin in its past years of existence in the market has been continuing to shock the cryptocurrency community. Bitcoin price for just how many years, drastically increase. How much for five (5) years to come in the future? Bitcoin's price will surely be multiplying. Even double,triple, or even multiplied by ten itself its price. No one knows. As long as bitcoin will be a remittance and continue to be used and innovate as a part of the way of living in the community, nothing is impossible. Even bitcoin is decentralized, it will be soon in the future, helped many people through various ways.
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Bitcoin is already been taught to some universities especially for those courses who is focused on Information Technology, Computer Science and other related Internet and Computer courses. Why? Because bitcoin has gained audience for the past years and its existence has change things in this world. Because it is a cryptocurrency, it may become an digital asset or payment sooner or later. We all know that technology itself has become innovative and developed so fast, bitcoin is and will be a part of that. It is a fact that cannot be changed. That maybe in the future will come, digital payments is possible.
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Cryptocurrencies' factor of price changes is the law of supply and demand. With it, a high demand paired with low supply, the price of an alternative coin could moon and drastically increase. If and only if an alternative coin has a large community, and continuous demand over time, has successful and continuous projects, mindful and ungreedy developer with a very good team, an alternative coin could still exist and may even overpass bitcoin's price. Somehow and someway, as long as there is such supporters of an alternative coin, it will still exist in the market.
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Bitcoin is a decentralized coin. That is the key asnwer for that question. What does decentralized means? It means BItcoin itself is nothing but independent. No one controls it. Even Governments of different countries. Or even what you known the powerful country ever existed. BEcause bitcoin is decentralized. You can obtain bitcoin through mining, faucets, but you cannot control it. So how does that correlate to the question? It means Bitcoin cannot be taxed directly. But in the world where the tax is the lifeblood of the Government, it can. Indirect taxes would be its name. Your earnings through bitcoin will be converted to fiats. That is the moment you are to be charged for taxes to your earnings. That means, even Bitcoin and cryptocurrency is in underground economy, it is still possible, earnings from it will go to the Government.
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Trading would be my choice, in this kind of investment type, what you need is more knowledge. There are a lot of things to know about trading. But before anything, you should know also everything about bitcoin and alternative currencies and the whole cryptocommunity as a whole. Why? Because in every investment that we have, we must bear in out minds that our capital is our money. With it, money, our money is at risk. In eliminating it or maybe minimizing it the risk, we should be full equipped for the venture we will go. Every day must be a continuous learning, think that failure will help us to grow.
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It depends, that is my opinion. Bitcoin is the first cryptocurrency. Thanks to Satoshi. And for the past years, bitcoin has become so wild and exciting. People tend to react for its price drastically increase in the last year. Bitcoin has become one of the mother coins among all and become beneficial to those who transfers money even on what country or continent you are. Thanks to bitcoin, easy remittances are also being made. It is truly been proven that bitcoin itself is safe and profitable. On the other hand, alternative coins are made to enable to overcome bitcoin and become a better bitcoin. At some point before alternative coins and tokens are made, there are what we call ICO Initial Coin Offering. Some youtube videos consider it as very risky investment. Because the team might run and just get money from people without hesitation and never continue the project. But for me to be able to really protect my money, I used to buy ICO to those bounty managers who has high ranks example are legendary, hero member, senior member, with these, I might have the 100% trust that this coin will succeed and successful.
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