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I guess so, bitcoin is a bit complicated for ordinary folks specially to the non-tech-savvy people who don't have knowledge about what bitcoin is. In my case, I even asked my brother to create me a wallet and bought bitcoins for me, in time, and with enough study and research, i understand now how it works. We should promote it and spread awareness to people so that more will become interested to join the bitcoin community.
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Those who are involved in a panic selling are mostly newbies and they just invest because of the popularity of bitcoin but they don't have enough knowledge about cryptocurrency that's why they are easily shaken and afraid that they might lose their money. They just needed to be educated to avoid panick selling and trust bitcoin.
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Bitcoin haters gonna hate, we just shake it off. We will just ignore them and focus on the good benefits of our bitcoin investment. When they see that we are successful and have big earnings, they will regret why they don't join early.
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If the government wins over bitcoin and they will regulate it, i have no choice but to abide all the laws and regulations. I won't give up my bitcoins, it will become like our local money that could be used as payments to stuffs and services. I think it will give them a hard time because bitcoin is decentralized, maybe they can control the platform exchange and should apply for license before they can operate.
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As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
I think, the government can banned the use of bitcoin but they can't kill it or destroy it even if they try. Bitcoin is not link to any territory or financial institutions, it is for every people around the world. It gives back to people the freedom to manage their own money and the trust to make a transactions to any stranger living anywhere in the world. |
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Yes it is, the early adopters are very lucky enough they knew bitcoin from the beginning and now they are very rich. But it is not too late because bitcoin has a long way to go. We invest because we see that we will have a brighter future from this investment. Anyone can participate in it regardless of the age and credentials. This is one of the best investment in modern times.
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IIndeed bitcoin is very helpful to the economy because it gives another source of income to the people specially to those jobless. Aside from buying and selling bitcoins, we could also earn bitcoins through joining bounties, watching ads and writing blogs and it is open to anyone regardless of the credentials. That is the best thing about bitcoin.
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Here in the Philippines, I've heard that there was a seminar held in Manila for bitcoin but it is too far from where i lived. If they will offer free seminars and trainings for bitcoin online or near to my place, I would love to attend because I want to expand my knowledge about bitcoin. It could greatly helped to spread awareness to people and could help for the faster mass adoption.
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I get to know bitcoin because of my sister, i don't have the slightest idea that this digital currency exist and I don't know how she can earn from it. I didn't believe here at first and told here this is scam but because she is my sister i give it a try. And now, I am very thankful to here that she introduced it to me, not only I am earning big in this investment I am also amazed by bitcoin, this is an opportunity of a lifetime.
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Bitcoin is not just a life saver but also a life changer. Before, I don't know anything about investment. I'm just a minimum wage earner and my salary is most of the time insufficient to my needs. My family is struggling financially. When Bitcoin was introduced to my life, everything changed. At first, I invested a very little portion of my salary to HYIP and gambling hoping that my life will change instantly as what those sites promised me but I was scammed multiple times. It was devastating so I decided to stop investing on Bitcoin. After a few months, I saw some posts on social media on how Bitcoin changed a person's life so I decided to give it another try but this time, I will make sure to invest in myself first and study more about cryptocurrency. I learned about this forum and from here, I learned more things about Bitcoin specially on trading and investments. Now, I cannot say that I'm completely financially free but I can say that I'm already earning more than enough for me and my family's needs.
Bitcoin gave me another hope about life. There are times when we are feeling wasted and wants to give up but before you give up, ask your self first if you already did your best. There are times that we will definiyely lose and people will ruin our dreams but that is not a reason to stop. Just like on my experience, I got scammed but after a few months, I gabe it another shot. If I gave up, I might still ne struggling financially.
Life will definitely throw you lemons. All we need to do is learn how to make it into lemonade. I'm very thankful to Bitcoin. To all investors out there, just invest on your self first and I assure you, you'll get profit from it!
What an inspiring post, this is what we need since the bitcoin price is falling many people are panicking and sell their bitcoins without hesitations. They didn't know that they are losing more on their rush decisions. Thank you for sharing your personal experience, it makes me feel motivated and i hope people who read this will be inspired by heart and motivate their mind to keep on going and building their bitcoin wealth. |
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My opinion is bitcoin cannot be outdated by other currency because it is the first creation and the most successful of all cryptocurrency. As they say that it is the father of all altcoins and is tested through times. And imagine all the bitcoin holders and believers around the world, it isn't easy to defeat.
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I agree, you should study first what kind of investment are you joining in to avoid lose of funds. All investments involves some degree of risks, always remember the general rule, invest money you can afford to lose.
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I think the advantage of bitcoin is it is open to anyone who wants to own it, if you are underage, there is no legal guardian needed to sign for opening an e-wallet. No middle man needed for sending money to anyone across borders so it means no large processing fees and taxes to pay.
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We are now moving to a cashless society, we shop through online and paid through credit cards. If bitcoin will go mainstream, payment using bitcoins is not impossible to happen. There are merchants now who accepts bitcoin as payment.
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It is not impossible to buy a house using bitcoin if the seller accepts bitcoin currency or you may convert it to local currency. If the time comes that bitcoin will be widely accepted or the fiat money will be replaced by bitcoins, then there will be no problem in buying things using bitcoins.
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For me, I think it won't be banned here in the Philippines, there have been a lot of scammed issues before, pyramiding scam but this bitcoin is legit and it has been recognized also by the Bangko Central.
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For me, i think bitcoin is not created to end government but to give solution to the banking problems we have. As a payment system, bitcoin could is fast and could be send anywhere at anytime with low cost. It is open 24/7 and no middleman needed to process the transactions.
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Yes of course, bitcoin still exist and will continue to exist in our country, the Philippines, because our government legitimized it as payment system and an investment. Many people have benefited with the existence of bitcoin because a lot of jobless and out of school youth are now working and earning bitcoins. I am one of them and I am glad i knew bitcoin.
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How common is Bitcoin in Asia? Just want to know  In our country, the Philippines, the government already recognized the bitcoin and was made it legal to use. Many of my friends here are already investing and earning in bitcoins. |
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For me, owning a bitcoin isn't like possessing a gun, it's because bitcoin is money and an investment. Bitcoin is very legal here in my country, there is no way holding it can be a crime.
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