I'm from Philippines also. Yes its good news to us! Because many Filipino heard that news they might been interested to invest to bitcoin. So the price of bitcoin will pump to high. What if big investor can read that and invest big money the bitcoin price go to the moon. Thanks to bank central ng pilipinas for publishing like that news. Many people the job is bitcoin and many (ofw) overseas Filipino workers the sideline in bitcoin. I think it will not end this year bitcoin will become popular in my country.
I'm also from the Philippines and they started to broadcast about bitcoin were people earning money with it by just staying at home and using their computers. But in some news, sadly they say bitcoin is just a scam that you can't earn money from it. Time by time bitcoin is becoming more famous and used by many people just to earn bitcoins. From what I watch they briefly explained how the HYIP programs are targeting Bitcoin in their platform. They chose Bitcoin as a mode of payment because it is more attractive to them and there is no jurisdiction over them as well it makes it hard to track a stolen Bitcoin. "Bitcoin is a Scam" is now being more use to often then the statement "Bitcoin is money for buying Drugs" as a lot of people are having the wrong thoughts on it because of the crimes involving with it and the media is not doing anything to clarify it. |
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It is a hard task t do because the damage has been done. The misconception is already in their heads or at least it has a bad reputation for them now. Another thing to point out is that what we can only do is try to explain that Bitcoin is just a currency that it is so valuable many people are trying to get it in terms of criminal activities and scams which Bitcoin itself cannot do alone as a currency cannot be a scam itself. But even trying to explain that will still make people not believe you.
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What are you even talking about wall street being bailed out by the U.S A. from what I know even a financial collapse is not enough to stop the operations of wall street as it is handling a lot of stocks of companies not even affected by the financial collapse. All of the stocks of the companies are protected by law the best thing they can do is to stop its trading for a temporary period which also has a especial reason required like terrorism in order for them to stop the trading of their market.
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It is the affect of the nearing Christmas season and I think that the cryptocurrency market and also the stock market will get a lot cheaper and cheaper in the coming days. Because of the reason that Christmas is nearing everyday which a lot of holidays are in place and of course Christmas bonuses and 13th pay are coming it will create a pressure for this employees to sell what they have in order to have a good Christmas. It is proven every Christmas season you will see that assets are getting cheaper while other things are getting more expensive.
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Op posted this on June 26 th and it was around 2500$+ after 4 months it’s value doubled then there is no doubt about that bitcoin would make millionaire in future. But the person who is having money to invest that much of I want to buy 10 bitcoin present day price definitely I need 55000$ that’s highly impossible for me. So I don’t dream to be millionaire but want to full full some of my dreams .
But you would gladly have bought bitcoin now if you had money. I would also buy it, because I understand that bitcoin is the most reliable and profitable investment. Maybe my coins will make me a millionaire in a few years i agree with mate nothing doubt for the thinking always be positive to achieve the dreams in life dreams become millionaire with bitcoin nothing impossible so far bitcoin closely fast increasing their value. He is just being realistic with his goals and expectations as sometimes believing something that is hard to achieve would just make you expect for nothing. Right now even if the price of Bitcoin double it wouldn't be enough to make you rich in any way, you should be actively trading your Bitcoin in order to profit from it every time it has a price action. But honestly if you don't have enough capital you won't be rich just by trading even if you counted everyday as a day you profit from it. |
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Investing is like buying things and save them for later,so when its price is pretty much higher,you could sell it at time of need .for example buying gold and saving them is kind of investment.
Trading refers to exchanging,it may be goods or services,you make a deal with some one or risk your money in market in hope that it will give you some profit,so its giving and taking process simultaneously
There is a huge difference in between trading and investing of money. Trading is just like give and take. It is no doubt very much profitable as well as very much risky thing to do. Investment on the other hand, is just like investing your money into some kind of business. Both are equally profitable and it depends on you which option suits you the most. For me, trading is more beneficial than that of investment. Both trading and investing involves buying and selling now as the days of exchanging goods in trading is now over. Yes we are exchanging fiat currency to each other but it is still currency that is being exchange to its equal value. Right now trading and investing is mostly related to the time frame you are holding the asset from Bitcoin to Stocks. Shorter time frame is related to trading which you hold it mostly 1 year at max and over that is investing. |
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This year, there are several worthy teams that can win the NBA. But basketball is a game, and in the game as we know everything is possible. We'll see at the end of the season who will be the winner.
Yes, almost all the teams right now are capable of winning a championship, while some have young team members that have really great potential. It is not just this time, what the teams are aiming are to be consistent in games as possible. The problem here is that when everybody is capable it will offset their strengths and weaknesses but with the execption of some few super teams which are Cleveland Cavaliers, Golden State Warriors, and probably Houston Rockets as their team is undeniably strong. These teams are actually fighting for the playoff spots and if they are in there they will still face this super teams. |
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The only thing it can impact on for an economy of a country is of course if it can help the increase in Gross Domestic Product of a country. It is a long shot but if the flow of Bitcoin earnings will help in the increase of the final domestic goods and services produced (GDP) it can affect the growth of an economy. Especially if that growth is from foreigners as foreign investments can help us really improve in the country's growth. But the crucial part of it is really earning Bitcoin first as it is the first step in order to help the economy of a country grow.
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It seems to me that you, ractex11 ha a misconception about the fees of coinbase which a lot of members agreed on. The amount of Bitcoin you bought has been overcome by the fees by almost half of your buying power. Next time in order to fully utilize the .99$ fees you must always choose the the maximum amount possible on that level or at least near that because you sill lose in terms of the amount your purchase vs. the transaction fees.
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On the legal point of view it is really in the school's discretion if they really want to accept Bitcoin as a mode of payment for the student's tuition fee. As we all know there is a certain risk especially for businesses when it comes to handling Bitcoin especially when your country is not a cryptocurrency friendly country, the risk involves legal action like a lot of tax discrepancies which all taxing department are strict about. But on the other hand it is really good to see that a lot of schools now are accepting Bitcoin.
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The advertisement is good if we advertise on TV there are some other ways through which we can advertise bitcoin like social media and twitter are the major social media organizer. People are looking it very much and they pay full attention to this sites. It will good if we advertise bitcoin on TV the people watch tv everywhere and they will easily check the advertisement and they will understand the crypto currencies.
You cannot possibly explain clearly what Bitcoin is on a very short length of time on the average length of commercials. And why do you need to advertise Bitcoin? First of all it is not a product that we need to sell to the public, if Bitcoin will ever have a commercial people will have a wrong interpretation of it, making its first impression as a product. From that point forward they will be more confused and a lot harder to persuade on using Bitcoin. |
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I think Bitcoin can be learned by people who do not even have a college education. Everyone can know what bitcoin is and also use Bitcoin. Like real money you do not need to be educated and knowledgeable people to use real money.
I think yes we can consider bitcoin as skill and not a proper education. In fact in present time most of the education users are educated and must have computer and INTERNET knowledge, but in future i think bitcoin will be even use by illiterate, because i do not that the use of computer or internet is so much difficult i think one can easily learn about it. I think no because people can use bitcoin even if that person is uneducated, some of bitcoin user have knowledge about bitcoin but uneducated. And many of us dont know bitcoin at first, but we learn how it works, and also some uneducated person can be smart with technology. Think of it this way. Do you need a college degree in order to fully access a Bitcoin wallet or not? If not then all people can not only use Bitcoin but can but also learn how to earn it. Bitcoin is something complicated at first but if you have the interest to learn and put dedication to it you can soon be using Bitcoin at your daily life. We all at first became noobs about what Bitcoin really is and we need to admit it that even some of you graduated with a college degree you still find it hard to understand what Bitcoin is. |
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It is true that giving Bitcoin a fair market value is really hard because we really don't have any basis for its pricing except for its demand. And that is why it is so volatile as we are only relying on one thing and that is charts for Bitcoin. That is why Bitcoin is more suited in trading as there is no fundamentals behind it even if we tried.
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With our present day modern age I don't think that the access to the internet is the problem anymore. A lot of public places have free internet service through wifi. And even though we have an adequate Internet access we don't see any rapid growth of Bitcoin in terms of awareness. I mean sure we need internet access in order to use Bitcoin but it is just one of the requirements for it and is really not a major factor. Usage of Bitcoin as well as an evidence that it can make people earn will drive new people in using and investing with Bitcoin.
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It is not what we think but what the price charts tells us. And what it tells us is that the price fall from 6000$ to 5400$ didn't signify a correction but a bounce from the trend line, which means we have generated a new diagonal support for our long term up trend. As of today we are seeing Bitcoin at 5730$ which signifies a continuation of the trend.
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The bad thing about this is that they ignored a court order that is why they are being held in contempt. It is stated as a news since July 2017 but they at still ignored the AMF so they will suffer the consequences. Good thing that they will still have a hearing about the charge filed to them. The people managing the ICO shouldn't be making alternative ways of how they can sell there ICO the Tribunal even asked Facebook Canada to ban their pages, the charge will hopefully make them learn their mistakes. |
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Based from my experience based from the pass forks I have seen yes it is. Players will try to profit from the high price of Bitcoin using the upcoming fork as a catalyst or support which will be followed by other people selling as well. At this point people will try to buy Bitcoin at the low price in which they will have more Bitcoin stored now for the participation of the upcoming fork. Just like what happened where they got a lot of Bitcoin Cash because of the previous fork.
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Here in my country which is now an upcoming tiger economy (though we are still classified as a third-world country), we are free to participate in Bitcoin both buying and selling as the government is treating Bitcoin just like any other foreiign money.
However, I am sure that only a very, very small fraction of us are declaring our Bitcoin income. It seems to me that the government is not that interested to get strict with individuals as long as they can tax the Bitcoin exchange provider for the service rendered.
I am then wondering the situation with other countries. Can your government really be able to track if you never declared gains made from Bitcoin transactions?
This is the one reason why nations should legalized bitcoin because they will gain bitcoin income tax in which a little bit frustrations to some bitcoin enthusiast because there profit will be deducted but i think this is fair because income thru fiat was tax collectable too. All tax imposed by the government are good as long as it was used for the welfare of their people that is why they should be honest in declaring bitcoin income but if it will just to be stolen thru corruption that is bad and I'm against it. As of now my country has no question about the legality of BTC transaction seems like fiat that you can cash out money in any bank, but yes legalization of BTC is somehow one of the best option for us to declare our income to the government for taxes, because what I seen if we will just keep it this way that we just keep our income incognito to the government the time may come that they will question the legality of our income. Specially that we have a law that is called anti laundering law. And as good citizen we should share our in come to the government in the form of taxes for the welfare of the people who needed it. Any law on money laundering is applicable to Fiat. Bitcoin is not recognized as a government currency and therefore can not be income. If you keep your bitcoins there are no problems with the law you will not. If you cashed them through the exchange for dollars is the income earned outside of your state and also should not be taxed. But best of all if it is possible to spend bitcoins in the online store. The legality of Bitcoin is not important in order to be deemed taxable. Heck even income earned from marijuana and cocaine is taxable even though they are illegal. Remember that we have tax in order to avoid people who are becoming unjustly enrich and even if you are only earning purely on Bitcoin currency it does not make you exempted on paying your income tax or if you earned it through trading you will have a capital gains tax. |
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What you have said are the main benefits of how it can help overseas workers with their family. What is good about this is they can also teach their family on how they can independently earn Bitcoin on their own as there are various ways online. By this way not only they are having extra income they are easing the burden of their overseas worker family member. The downside about this is that they are paid by Fiat currency in which they will take the effort to convert it to Bitcoin in order to send it to their family.
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Hello people!As you consider whether each state to create their own tokens? under its currency?
I cannot stop laughing to think of a time when each and every state starts their own token,who will be using those coins ,even now we have more than thousand tokens and it is really hard to keep track with all the coins and i really do think we have to have some regulation on who can start these tokens and start earning money from thin air. Exactly what will be the purpose of having their own cryptocurrency? Because I don't see any advantage of having too many cryptocurrency floating around the world. But if a thousand or more cryptocurrencies exist in the future I can only see bad things from making crimes more easier to be done through the web through the possibility of a country's economy falling because of the cryptos' security features. |
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