I don't think cryptocurrencies particularly bitcoin will continue to exist without fiat. Fiat has been the primary means which people use in their daily transactions. In addition, it is also what the investors and traders usually exchange their cryptocurrency with and vice-versa. That is why I think crypto will not exist without fiat since depositing and withdrawing in crypto is usually bridged by fiat. Cryptocurrency still also needs a lot of upgrades of features and improvements of services offered. It has still a lot of loopholes IMO in terms of transacting (long transaction time, higher processing fees, etc), so the moment fiat will not be available, people will have a hard time.

Regarding your question, I think it's impossible to happen in bitcoin. I understood the scenario you provided as an installment payment. You'll give a half downpayment, and then you will pay the remaining balance in the next few months depending on the contract you signed. This is unlikely to happen in bitcoin unless the seller is very much open to the risks it possesses. The seller will just either profit higher or lose his money. The situation will depend on the market status and bitcoin's price value the moment you bought something via installment by giving the first half and then the remaining balance.

Transaction fees exist simply to process the fund requests such as deposits and withdrawal as soon as possible. The higher the transaction fee, the quicker the processing time for the requested fund. Those people who opt to pay higher fees just want convenience on their end. It would surely cost them a little over the minimum price, but their transaction is assured to be processed and reflected in less than 24-hours. A higher transaction fee is also a way to secure that your transaction will be processed. Transactions that have too low gas fees have a higher tendency to be halted midway. It would just cost you trouble such as wasted time and of course, money because you have to pay another gas fee once your transaction has failed.

Although if you are really looking for ways to have minimal transaction fees, you can search this forum and ask the users. You can also do your own research and do it yourself to experience the pros and cons first-hand. Just always take the advice with a grain of salt because everything has its two sides.

I wonder what percentage of their fund was invested in cryptocurrency. Was it over 5% of their holdings? I hope it was specified.

Nonetheless, millions of dollars being invested in cryptocurrency by a state institution is a risky move. Hopefully, they have analyzed and made an in-depth study before they did the investment, otherwise, it will really be a gamble most especially for the members of the state pension fund because their money is at stake there. If something goes wrong, their money will be gone in a snap. I am well aware that high risks, high rewards, but for a state fund I think it is not a wise move to use the assets of their members in risking with a highly speculative asset and a very risky investment. Crypto is volatile, one massive dump can have a great impact on them.

Another typical scenario which screams manipulation and control by the government. Banning anonymous transactions defeats the purpose of cryptocurrency. Some people are here in crypto because of its decentralized nature. Having the government be part and involved in private transactions of the users who opted to make their transactions anonymous is just absurd. Why can't the government let their people enjoy things? I can't help but think that they are just using the reasons such as filtering illegal transactions as a front to be concerned to their citizens, when in fact all they want is to take over them.

It's really hard to be sandwiched in a situation wherein crypto is legalized but with reservations. I just hope the officials will be open-minded about crypto's nature. Hopefully, the government will not try to do things that will be a disadvantage to their constituents. This kind of scenario is totally not new in crypto but I hope there would come a time that situations like these will no longer be rampant.

If the certain company I am working with has the ability to pay me in cryptocurrency, I would still like it to be in fiat. Don't get me wrong, I know that bitcoin has already withstood the test of time, hence, I am confident in bitcoin's potential. However, being compensated in cryptocurrency form has its advantages and disadvantages. For example, your salary is $500 every 15 days and the bitcoin's price is at its peak value then, your company will buy 500 dollars worth of bitcoin in its high position - a lesser amount of bitcoin for you. But if you'll opt to receive fiat instead, you can keep all the 500 dollars to yourself and wait for the dip of bitcoin's price. That way you can buy more bitcoin with the money you have at hand.

You see, there will be discrepancies in wages paid by the company based on the price of the coin you will pick as your compensation. You can either benefit from it or be at the losing end. It just depends on the status of the market - bearish or bullish. That is why I still prefer to be paid in physical money then I will be the one to determine how much and when should I invest it.

Cryptocurrency payment would definitely be one of the new trends in the future. Right now, there are already several countries and establishments that are accepting cryptocurrencies as payment for transactions. In no time, many brands and countries will adopt the movement too. It will be nicer because people will have more choices and options to pick from.

While blockchain has been gradually known and used in most areas of systems and databases, I can't say it would totally replace the traditional banking system. A blockchain is a form of technology that is recognized as a secured system, impossible to hack and change that easily. Its development is something that the cryptocurrency world is thankful for because most cryptocurrencies work such as bitcoin because of blockchain technology. However, despite its advantage such as being a lot more secured compared to the traditional system centralized organizations are built upon, it is not enough to totally replace the usual banking system.

Centralize organizations such as banks have been existing for a very long time already. It won't just vanish because of the emergence of new technologies because surely, they will do all the things possible to keep up with the current trend. In addition, it's really impossible to totally remove the fiat system. It will exist as long as there is a government. The cryptocurrencies will just coexist with fiat and the same way blockchain technology will coexist with the traditional banking system. Blockchain and crypto will be the next best alternative if people will opt to switch modes of transaction and store of value.

You have a valid point. The option of bitcoin in transactions must be included first in order to encourage people to use it. If bitcoin as a mode of payment is not even available, then I don't really see the sense as well on why they would be enticed to learn and use bitcoin in their lives. It would totally be nonsense to most of the people if you will introduce them something they cannot utilize. Certainly, they will just ignore you because they will think it's totally worthless and a waste of time.

On the other hand, since bitcoin adoption is now slowly happening, we can educate them little by little thru giving simple analogies, logic, comparison, and relation of bitcoin to other existing means of transaction. If bitcoin isn't available yet to their country as a mode of payment, we can educate other people the other sides and opportunities bitcoin has to offer.

You got a point.

But I think what he's trying to say was since we've got no choice but online gambling sites, people started to adapt it. Government even allowed it because it could lessen the people that could go outside just to play in the land based casino because way back 2020, COVID-19 was too wild compare to now that it somehow lessens because the vaccine was already released in public.

At some countries, land based casinos already started to operate but there are more countries where they still prohibit land based casinos to operate, therefore people still appreciate online gambling sites.

That's the irony there.

People always know that gambling is indeed risky and could destroy your life if you play too much every day with the amount of money that goes beyond to your daily limit. But why are they still doing it? the reason why behind those actions is either because of greed (if you're winning and losing) or frustration, pride as well (if you're trying to win back everything you've lost).

So it's just looping every single day and then you'll regret it in the end because what you did was basically a careless decision.

Despite the fact that our Government did make a mistake of not supporting well financially, mentally, and emotionally of our athletes, she is one of a great example of pushing her dreams to beyond of anyone's expectations including herself. The prices she owns now is really deserving for her hard work to prove that she can do it and for her country. I am proud for her achievements. I hope that this would be a lesson for our Government. I hope they will be now supporting our athletes very well for the next Olympic.

Kudos to those people who supports her and Kudos to Filipinos who never doubt her potential.

Exactly.

That's the point. Gambling is just a business, nothing personal. Their point of existence is just to make money alone, no one is required to play mandatory, we have our own choices, and addiction on it is inevitable since it's part of gambling negative effects to people, and we all know that. The only sad part of it is people ignore the fact that they could addicted if they lack of self-control, therefore others put the blame to other parties.

That's why gambling sites offer different games, so their players could use any game they want depending on their taste and time. Roulette and Dice is the most fastest game you could play if you want a fast phase game, while poker if you want to burn your braincells in able to outsmart other players to win the game.

But there are risks of course in both, fast phase game in my opinion are more addicting and there is a high chance of losing too much (depends on how much you bet per round) while skill based game takes more time but worth the money because you're doing your best to win.

You can do those two simultaneously but it will be indeed time consuming and draining at the same time. In trading, you need to carefully analyze the price charts to have high chance of making profits, to save time and less hassle, always set your "take profit" and stop loss" option so that you can proceed to your gambling games.

However, the only disadvantage you'll have is your losses in gambling might affect your performance in Trading, especially if you don't know how to stay focus while losing your money in gambling. My only advice is to stick on where you're good at.

I agree.

Positive mindset is important before you do something, because you don't what's gonna happen. All you can do is to simply believe in yourself and luck that you can do it, however, positive mindset sometimes turns out to be a false hope, and just going to drive you to somewhere you don't want to be (addiction or so much losses).

That's why in why case, I'd rather accept the reality that I could not beat the machine, so I'll do another thing to earn money than to lose money in the long run.

I must say most of the gamblers do play gambling a lot, like they always go beyond their budget just to chase their losses which lead often to more losses until they play gambling like crazy, you know what I mean. And any excessive plays could be called addiction, because you're willing to play even more whether you lose or win, the only important to you is you keep on playing and doesn't even care about what's gonna happen.

And then you'll never be able to stop it, unless someone told you to do so because you're going way too far from your normal gambling playing method.

Gambling ombudsman sounds good if they will play it fair and square, because there is a chance that they would always go for the gambling site or casinos instead of protecting the players because of money and power, if that's the case, then what's the point of having a Gambling ombudsman.
Therefore I don't think it's needed, because a good gambling sites and casinos will surely give you a good service for you to stick on their platform.

In cryptocurrency world, most coins are correlated with one another. When a particular coin's value increases, the other coins increase as well. Like for example, bitcoin. Whenever there's a price movement on bitcoin, the altcoins will start to move too. I think the reason behind this is because the investors tend to look at a specific coin and make it their basis on whether they would sell or hodl.

For instance, when the value of bitcoin goes up, a lot of investors are celebrating. The flow in the market will be smooth. However, when the value of bitcoin goes down, the investors panic. They overthink that it will take a while for the prices to go up. Hence, they panic sell their assets which makes the prices fluctuate in the market. Series of up and down in price charts will be seen.

Valid point.

Vaccination is indeed important especially right now that we are in a pandemic. To achieve herd immunity, a specific count of population must be vaccinated so that we can control the spread of virus. We can only achieve that by volunteering to be vaccinated by whatever kind of brand of vaccine is available. Like what they say, the best vaccine is the one that is available.

I believe that we all have a choice. We have a freedom to choose what we want for ourselves. However, during this time, we must take into consideration the good of the majority instead of just looking out for ourselves. Freedom doesn't equate to negligence and it should not be enjoyed in the expense of others' welfare. I know there are people here that are anti-vaccines. I respect your beliefs, but I would like to ask some consideration to think about it again. You can do research and more about the vaccines. We have beaten several plagues and pandemic before, and we can do it again now. We just need to be united for the greater good.

While there are recorded side effects to some, there are still studies that prove vaccines are effective. It may not guarantee a 100% efficacy, but it can still protect you from the virus. The mutation of the virus is unevitable. What we can do is to play our part - participate and cooperate in doing the safety health protocols and be vaccinated as soon as possible. Right now, it is a privilege to be vaccinated. So if it's already available in your area, you have an access to it and you can be vaccinated, please do so. It's the key to be one step closer to the end of this crisis. Please be vaccinated and stay safe.

The whales are usually the ones who really benefit the dips because of panic selling of the newbies. Hence, it's really essential to study first before diving into cryptocurrency. Otherwise, you'll just end up losing. The ones who will savor the victory will be the whales, who are just waiting for the right time to go shopping spree on all time low value of the coins they see potential on.

The whales have a nice strategy of controlling and manipulating the market flow. That is why when they decide to make a move, the faint-hearted are often the ones who lose the game. Those who are easily shaken with sudden price movements that think it will take a very long time for the coin's value to bounce back again are at the losing end. The moment you decide to sell your coins with lesser value than the value you originally purchased it on, it's a defeat on your side. Newbies must know the history, basics, and fundamentals before entering crypto world. Technical and data analysis knowledge is a must. Relying on some random advices will get you nowhere. You are responsible for your own money, so do your duty and make it grow.

I can't really tell if this news is great if it's true. We all know the personalities behind the big companies such as Amazon. It'sjust a little bit suspiscious to know that suddenly, these giants are interested about cryptocurrency. I can't help but to think that there is some hidden agenda in their plan to enter the world of cryptocurrency. Although I really do hope my gut feeling is wrong.

Nonetheless, if ever this will really happen regardless they have evil intentions, it will still benefit the cryptocurrency community because a big investor will enter. Surely, the market will be affected in a nice way. Growth and price value may happen. I just really hope Bezos won't be another Elon in the making.