As you all know, Philippines is a poor country, and they don't see Bitcoin as a form of payment, or a secure currency but as a form of Investment, I saw different Investment firms and also Financial Advisers/Firms uses Bitcoin as a form of Investment, they even said that they will teach the participants on how to generate profit from Bitcoin, which is currently impossible since they cannot even dictate what will be the price and how will they handle their investments when bitcoin is volatile. As for the percentage, I think 99% have heard Bitcoin since there is a Television program that reported the Scam relating to Bitcoin, as for the Knowledge and Idea, I think lower than 10% knows the technology behind Bitcoin and the Idea of Cryptocurrency.
I think it's not just its a poor country you know though I agree. As we have all know, the Philippines is an archipelago which means when there are such technology adapted in a specific area, it's not possible that it will be equally be adapted by every island. So I think that maybe Filipinos do heard about bitcoin but not widely. Guessing about sixty percent only. |
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Yeah. Don't sell yet. There are more pumps coming. I remember reading about once bitcoin breaks $8.o5o it will continuously go higher. I've been observing the charts and I think it's true. Better hold tight. There might be corrections but nothing can stop bitcoin from soaring. Since that we have seen how it can break 8k let us wait for more.
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It was definitely a record not just by hitting above $8k but also within this year is the greatest highlight of bitcoin reflecting on its price.
Surely there are lot of investors that will be glad to be involve on bitcoin. Today, bitcoin continuously rise that means it grows gradually. Development of bitcoin takes place every time it makes us see what it can do and how high it can soar.
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We all know what gold is. It's not that flexible, like for instance, not acceptable as mode payment and it's functions are limited like not decentralised nor valid unless some do accept it. Like others, it is a commodity. Bitcoin is said to be better because of its features, accessible, handy, and profitable in a shorter time frame. But with gold it is surely the safest investment you can have out there.
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Payment has been made for who in "Next Payday 19 Nov" Confirmation: Received payment. Thank you izagani and truckcoin. |
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Topics like this should not be made. Some only panic reading ideas like bitcoin is going down. It's true that there are other factors causing the inflation and deflation but this will trigger users to sell that could contribute more to the decrease in price.
It's pretty obvious that it goes down a bit. We can observe it through charts. No need to broadcast it here in the forum.
Also, it may be considered as spam thread.
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Bitcoin cannot replace fiat and that is a fact.
Bitcoin is not a currency, it just functions as one. And it is just used for alternative of banks and currency.
Just like what I have said, bitcoin can not replace gold, therefore, it is not possible for bitcoin to replace fiat.
Fiat is distributed in each country according to its economical status IMO, correct me if I am wrong.
What's great about bitcoin is that it functions are very flexible. Let us encourage it's growth and have it not compared to things very different to it. Also, both fiat and bitcoin complements each other. Like for example, ETH and BTC.
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Now that's a dream I guess. I can not say it is realistic but if I have that huge, I would invest one-fourth to gold, one-fourth to remains in the wallet, one-eighth building a health facility, one-eight to fiat for house or land. And one-eighth for my family and the last one-eight would be for trading more and other investments or used for offering loans for profits.
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Of course there is more than just selling bitcoin.
-- some sell because they badly needed the money
--some sell because prices are high and they are predicting a decrease to buy more bitcoin.
--some becomes afraid and panic sell.
--some are for profit reasons only.
--for payment purposes.
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I think yes, but I recommend to buy when prices suddenly have decreased a lot. In that way you will not face anxiety when there are small dumps. There are sure pumps at the end of the year and the year approaching. With prices that high, it's not easy to just invest. It's big money.
Most of the time, they invest then get scared losing part of their investment. Then regrets it afterwards because of being impatient. So the answer is really up to you. If you can handle it, then buy.
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The more convinced that the other coins are just rubbish, they do a big pump then throw it away.
this is like the disappointment of the holders of Bitcoin, they wait b2x and BTG then canceled and they ran kissing BCH.
Why are they rubbish, according to you? Many altcoins have been there for years, and they are pretty consistent. I'd rather say bitcoin and its clones are going to turn into trash if they lose their speculative glamor and appeal. The only reason why bitcoin is still at the top because it offers more stable profits than other currencies. But once its price hits a wall, other coins, which are actually useful for real world tasks, will take the lead. Bitcoin can't enjoy its first mover advantage forever. I hate to say this but I think that you have convinced me. I haven't think of that before. But you may be right. Bitcoin price had soared that few hesitated to invest. Once that they have mined the last Bitcoin, bitcoin price will spike for the last time and I think once that it happened, no one will probably invest since that no one can afford it and it will be a puzzle how to make more profits on it. I think that is the wall you've been saying correct me if I am wrong. Then others will run to alts with cheaper price and developed features. Through the new altcoins, they will be encourage to invest for pumps again. |
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Apparently it did. I have not doubt a bit that bitcoin will recover and will continue to be famous as the current and future coin ever made. Aside from its the first coin used, it keeps telling us that no matter how many coins are improved, the original asset will win.
I think that newbies and new investors are just worried that is why they panic sell. I still consider bcash being used as a scam to trick others for their own benefits.
I see no competion, I see insecurities.
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China coming back to bitcoin will definitely give another aggressive hike. Also, I am very fascinated how Chinese people adapt such technology. If they will aim a good for bitcoin, their comeback will be fruitful.
On the other hand, we know how they handle economical aspect. Since bitcoin is becoming a really big money, the fear is within mind. China developing own currency will mean other thing and maybe it is not good for many but may for themselves.
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Honestly I hated forks. I think making alts are very unhealthy. It is for a good purpose but I think the creation of different coins can lead to more crime other than the saturation it causes.
Another thing is that, I think after the big FUD about the dump of BTC many will hate Bcash more.
So, still there is more to wait on Bcash update. If it will be existing still or not.
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Have not received my tokens yet. Any updates ?
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We all do see what bitcoin has right now. It has proven it's worth once again by recovering and increasing once again. That is why there is no doubt that more investors and users are attracted in investing in bitcoin than gold.
I do agree that some are more attracted in investing to bitcoin because of its volality for quicker profits. While gold, it's safer and recommended for long term storage.
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Well, ALTs are not necessarily scam but their are chances that it can be one. It's up to the alt dev and if his intentions are for self benefit only. The purpose of alts are for more convenient use of the crypto world. Other than that it may result to scam.
Most definitely, relevant this days. Bitcoin price have recovered and proven once again it's superiority. With prices this high many will be tempted to take advantage of others just to earn.
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Investments out of crypto world only means a home-based business if I am not mistaken.
Well a good investment always need to be planned in order for it to be effective.
There are certain factors that should be observed. Such as, how will the market respond to your business, is it worth it to be established, is it beneficial to the community, is it relevant. And also, your capability and budget. Maybe your investment will be worth the efforts.
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I think no alts can beat bitcoin.
Not just because bitcoin was the first ever made cryptocoin but I think the point of being the only coin describing the whole industry makes it more attractive for users to trust in. And the point that it is the mainstream in exchange. Transferable to any currency directly.
A user of instance can directly invest to ETH, but why bitcoin. Right ? Because it's convenient, safer, practical, and in demand.
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Of course it's a good thing. It only means advertisements are effective,many are adapting at possibly same with investors. I think massive adaptation reflects on bitcoin price. And simply expresses good image of bitcoin. High price may mean positive feedback.
Also, I do not want to involve crime as a basis of good output of bitcoin. I think that bad activities involving bitcoin has its own KARMA. So I am not considering bitcoin rise as a bad thing.
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