Last July 1, The Security and Exchange Commission warns the Filipino community in regard to the crypto investment scheme as a claim like a Ponzi scheme. This is their claims... "Philippine SEC warns against investment schemes including one based on the Ethreum blockchain it says is a Ponzi scheme.
The Securities and Exchange Commission (SEC) of the Philippines has warned the public against individuals and groups engaged in unauthorized crypto investments and trading, according to an announcement on July 1.
The Philippine SEC warned those who were involved in crypto schemes could face a fine or 21 years of imprisonment or both."You can read the entire article: https://cointelegraph.com/news/philippine-sec-warns-against-crypto-schemesI don't know how this will affect the adoption here in the Philippines but it something will give a negative impact as people will also think negatively when they hear and read for this. Would like to hear your thoughts especially for Filipino members here. |
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Nothing to get crazy but this is absolutely insane. I don't know what it is in their mind or something they just put themselves funny and being hopeless to the current situation? Though I was desperate for this but not actually gives me a reason to think about it. Who would like to participate? I supposed to think about betting whos that the last person getting infected.  Of course, I'll bet my self on it. |
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The market still working well but not for the miners at this time. But have we thought how they suffered most during the first and 2nd halving? It probably more than struggles they in the 3rd halving. To believe that the Bitcoin price will continue to increase in the next coming years. The 4th halving isn't yet set but I was thinking that the market price is already been double compared to 3rd halving that even halving will come, it doesn't give such struggles anymore but still profiting. Btc price before 2012 halving: $12
Price of btc before 2016 halving: $600
Price of btc before 2020 halving: $8900
Price of BTC for the next halving will be $20,000  (not possible) |
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A crazy thing to think about how to catch those changes and find the right timing to it.
Drop or up? My answer is maybe. We've been stuck for many weeks and until now the price range still remains. It never guarantees that we can make a price hike at this time amidst this crisis but a chance to make a few drops. We think that halving could save us but that was too early to expect the impact on the market trend.
Anyways, we can't just be hopeless at all. We know the volatility and that price could be like a roller coaster ride, sometimes we go up, and sometimes it goes down.
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Indeed, many countries and companies are supporting this for this a way to survive the new normal.
It will be hard to be applied, particularly for those countries which still dislike the utilization of bitcoin to be a payment system. They will find another and using their money fiat as the solution. Like in my country, there is a new payment platform popping up, the citizens only use their smartphone for processing the payment. Yeah, I believe they're only one factor that can't make the utilization of bitcoin used by most people in this world and that is government regulation. We always face this situation when many people already aware of bitcoin but government will just easily get rid of it in the country and make many people leave bitcoin and never use it anymore. The awareness and online adds for Bitcoin keep popping also but that was unfortunate for the place where their leaders aren't wide-open for this great opportunity for their people. I supposed to think that this is the time to let their people took what they'll it gonna be best for them. Besides, Bitcoin isn't only for a currency to use for online transactions but also giving them an opportunity to generate money. |
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Sorry, I didn't notice that it is already been posted by another member. As a USD/GBP/fiat alternative for day-to-day payments, probably not. I've said this a dozen times and I'm going to say this again: we have services such as PayPal/Venmo/CashApp that people can use for cashless transactions.
Yeah, I also think with those instances for we have that cashless payment already before Bitcoin created but the survey says it gains more users who use at this time, and most probably it is because we are in the pandemic situation. I would say maybe  ... So Covid-19 is not the only one of the reasons for bitcoin adoption. Apparently, not as a whole but in some point that Covid-19 it influence people to adopt it. |
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This is just the best way around it, no matter how convenient you are to pay for signals, you will never get contented until you understand perfectly the ideology behind trading, and do so yourself at your convenience. Self dependence on signals are not good, instead be your own source of motivation by doing your researches, leaning and becoming a better trader for yourself.
I love the way traders find themselves to have their own market understanding rather than to rely upon others. It is to see that signals aren't the only tool to help us in trading and so we have to rely upon it. That is how important to know our capabilities and self-confidence we brought into trading coz in the actually trade, signals and any other trading tools can't actually be used but just of our own decision. We fully understand crypto if we are on-hand of it. |
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The interest in thinking easy money will drive people to create their projects similar to others just to fool newcomers but somehow they never succeed because we are not an innocent individual to be fooled with that trick. The community is already aware of this but it was so sad that still a lot of fake projects we saw around. I think that this situation couldn't be stopped nor to see an ending story of scamming because they will find a way to make it and find their prey.
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Not necessarily...for that fact that many people would claim to be like him and to proclaim themselves but has nothing proved.
Do we have the DNA test of Satoshi? Not for sure he has the record left and to proves the true identity of Mr. Satoshi. To keep him anonymously will be the benefits of every to (as I think) and this will also imply that crypto will remain anonymous as what the creator projected to be.
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Always learn for those losses and make them motivation in order for you to start again and win for the next time. You have all the time to learn and study about the market trend and situation. Don't lose hope, consider it as a process for learning. Always cut your losses and don't be emotional to trade consecutively if your trades are not in condition. You will learn that taking back your money after losing will take some time so be also patience.
But in a way also that we don't need to push ourselves either if we think that we struggle hard in trading. Why we shouldn't give up and move-on. Trading isn't a perfect place for you if you just keep losing and we better accept the reality rather than to become hopeless enough even though we tried it hard. Give time to understand the situation and also tend to understand our limitations. |
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Reading all the replies and comment in this thread, it gives me realization how trading it works. The risk is really high and I believe that not all who have the hard try in trading will succeed. It is to see that even how good you in trading but can't disclose any chances to suffer losses someday. Now, I understand that there is no easy way to become a pro trader nor to see an instant return. But then, if we think ourselves that are capable of doing this, we have to stick to until we got it to reach.
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It is to believe that knowledge, skills, and plan is very important in gambling especially like Blackjack as it needs a strategy. But there is one thing we ask for every time we been in gambling and that is LUCK. To have it is a very special moment but of course, it is very important also to be smart in doing decision and it also makes no sense of having luck at all.
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Always to expect that as known to be a partner of pumps.
Just looking at the current market movement, $10k in previous days and now we are already at below $9k. The halving had nothing to do this thing, even we are too positive with halving event but somehow, we can't still be assured of Bullrun. And it possible it drops more as people are already in FOMOing.
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That's great advice, I'm just getting into this. Really great forum.
I understand that you are new here and I'm glad that you appreciate how the forum runs for. Just keep reading and surely you can find a lot of helpful things and ideas that could give you more knowledge about crypto and could answer your question and doubts. And feel free to ask by then. |
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it's not as easy as that friend, there are still many other alternatives besides bitcoin for online payments and Sudan is licensed in each of their respective countries. most and many people who do not know more about bitcoin and how to use it. we cannot force it
because they don't want to know either. Many people become ignorant of new technology because they closing such an opportunity to work with them. We can't see Bitcoin consider as a currency itself as we don't have huge support from the community. It can just be hopes of no possibility to come because we ain't to push it and lead by example. |
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How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
That is enough for you to use in learning how to trade and familiarizing strategy. But if you actually aiming for gaining more profits, that is really small and you can't expect that to grow either. Make it x10 (that is $1000), I believe you are making it different and you can fulfill your trading life as you want to be. more capital = more possible gain But of higher risk by then. Think wisely and please don't fall into too much excitement because that makes you fail. |
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