Username: qwertyup23
Post Count:956
BTC Address (must be SegWit): 3CVw9rVsL5jaLiPVDJ8xGnwcwThP2baqUx

Will try again my luck perhaps? Hoping to be part of this campaign!

By taking into consideration that the Philippines (which is a 3rd world country) is starting to implement and create laws catering to their support for cryptocurrencies and for safeguarding, this may be the gateway that would lead other countries as well to start legalizing cryptocurrency in their respective country. Assuming that they successfully implemented such protocols, then this will affect the prices in the market significantly.

Unfortunately like what you mentioned, media is shaping the country as of now. They have the power to manipulate and provide false information to the public that would deter the further improvements and enhancements needed to be made.

This will depend on each of country's tax laws if they explicitly or impliedly view cryptocurrencies as matters subject to be taxed. From what I know, some countries have started implementing laws, specifically on the tax aspect, with regards to cryptocurrencies in their country. But as far as those who illegalize and prohibit the utlization of such, then no laws are mentioned with regards to taxing (although they are prohibited).


In fact, there are other services accepting bitcoin as an alternative payment for their services/products depending on the country. My wallet accepts transactions and payments for utility expenses and they are even connected to our various banks for online transfer of payment. This will heavily depend on the country if they allow such currency to be utilized or not.

Personally, the blockchain technology has unlimited use for security into transactions and it may shape the modern transaction of payments in the future once countries start to accept the legalization of bitcoin. What makes bitcoin distinct from fiat is the blockchain technology that is powered under the current platform as it provides SECURITY and TRUST among its users compared to our current system of payment (which revolves around an agent or an intermediary).

In an investment perspective, bitcoin's volatile price makes it the perfect vessel for either short or long-term investment depending upon the circumstances happening in the market. There are a lot of cases wherein its price skyrocketed 1-2 months after they purchased at the date. Depending upon the goal of an investor, he/she has the potential of yielding large amounts of profit in a relatively shorter amount of time compared to other investment mechanisms present in our current world.

Not in particularly control, but manipulate in the sense of bitcoin's price as they share the major amount in the market. When they decide to manipulate the price, some will sell most of their coins in order to increase the supply or decrease the demand depending on their decision. Since the market theoretically follows the law of demand and supply, by the amount of resources that whales have, they have the opportunity to gain more using this tactic.


The problem with determining the whales, especially in cryptocurrencies, is that no one actually knows whether or not they manipulate the price. Since cryptocurrencies also share the anonymity factor on its transactions, it may be difficult to determine if they have the absolute control on the market price as various of factors contribute to the increase/decrease on the price of bitcoin depending upon the situation or in the media.

One thing that you are missing when you resort to online gambling is the entertainment, socialization and the atmosphere that you feel whenever you are inside an actual casino. Although the place might encourage you to gamble more, it provides the opportunity for you to meet and make new friends along the way. Sometimes, what makes the entertainment entertaining are the people who are you with. In the case of online gambling, most people are usually alone and at home when they utilize this option- which is not entirely bad for introverts (or extroverts as well).

In order for you to utilize and to maximum your entertainment, you always have the option to balance things out between online gambling and casino visits if you find online gambling boring and stale.

Before anything else, you must understand the nature of bitcoin, on how the blockchain affects the modern transaction of payments when it comes to security, and the uses of bitcoin other than an investment mechanism.

First, people utilized bitcoin as a means of transacting due to its anonymity factor it provides. Not to mention, you have the potential to send/deliver money to anyone across the country with a relatively short amount of time and a fee that is lower compared to other means available. Next, the blockchain technology provides security among its users as it is being protected by a network of computers who regulate each block to prevent any hacks and scams along the way; and lastly, as an investment tool wherein you could take advantage of its volatile price for future yielding of income.

What most people fail to realize and overlook is on the aspect that the security it provides. Most people tend to focus on the investment aspect (which in my opinion is not a bad thing) but they must also understand that investing on Bitcoin is more than the yielding of income.

There are various reasons on why cryptocurrencies are not circulating in the market as the main medium of exchange, such as: first, it has a highly-volatile price that can serve as a double-edged sword in both the consumer and the producer, its limited supply in the market can go inflationary on the year 2140 (since that year will be the projected year that all bitcoins will be mined out), other countries cannot adapt a technology that would support electronic payment as they are still underdeveloped and developing, and the government views bitcoin as a foreign entity that is a threat to the society.

Take this as an opportunity to explore other methods of earning income like participating into campaign signatures or by faucets. The bitcoin that you receive on campaign signatures depends upon your forum rank and post quality. I highly suggest that you start building your account by providing relevant insights and information for the benefit of the forum and the individuals participating.


It is actually the perfect time to acquire/purchase more bitcoins especially that the prices have been down lately. Rule of thumb, never sell your bitcoins to a price lower from what you initially acquired them. By this, you can allocate your investments whether you view them for short or for long-term perspective.

You should consider that one of the reason on why cryptocurrencies are volatile is due to lack of any government intervention/regulation. Since there is no central authority that regulates its transaction and processes, its market supply and demand can be significantly affected by anyone who acquires the most number of bitcoins for price manipulation (also known as whales).
Another thing that you have to consider is when you make bitcoin as a currency, the lesser the volatility, the better as it poses a threat to both the consumer and the producer in terms of profit and loss.

Basically the ideal situation is, cryptocurrencies should be regulated in a way that its volatility can be controlled at some point without having to suffer its investment aspect.

That is why before investing in ICOs, one must do extensive research and observation on the company releasing the coin. One must also verify the integrity and identity of each team in order to prevent any fraudulent mischiefs and false identity like what happened to some ICOs. Although the process might be profitable, the risk involved opens a direct-proportional relationship in your investment and to the risk.


My investment strategy primarily focuses on the acquiring/selling aspect of coins in the market. Before I acquire/purchase coins, I extensively do my research and purchase them when I see an opportunity (or price decrease). Next thing to do is to sell them at a price higher from what I acquired them initially- which allocates my investment into short-term or long-term depending on the coin that I bought.

If the price decrease is mostly due to manipulation then I guess that this would be the perfect opportunity to invest and acquire more as this phenomenon occurs very often in Bitcoin. Although whales play a huge role in the price, you also have to consider some factors as well (like the ones you mentioned) and take them into account on how an individual should see his/her investments when it comes to their decision making.


The question is when will these investors enter the market with the recent decrease on the price of bitcoin? Unfortunately, most investors does not even know any background about bitcoin and they invest primarily due to the hope that media stamped into their minds that bitcoin would yield large income if you invest into it. Some, however, know the processes and the current events that lead to the decrease on its price and these investors are currently taking advantage of the situation.

With only a limited amount of investment, I highly suggest that you stay away from this method as it can be very destructive in the long-run. Instead of gambling, use your resource to invest into Bitcoin or ETH for high-returns in a relatively short amount of time. Not to mention, prices of bitcoin currently are sitting around $6,400 which opens a window of opportunities for investors due to its low price.
Gambling, on the other hand, can be seen as purely for entertainment only. This method revolves around LUCK which cannot be controlled or regulated when you consider the risk. It purely relies on the odds even if you apply methods such as probability, etc. and the risk of an individual being addicted to such method is significantly high.


I definitely agree. With gambling, you are presented with random figures which cannot be controlled and regulated in terms of the risks. Even if you apply techniques in order to lessen the risk, everything revolves around the ODDS and LUCK of an individual. There can be no experienced gambler since even they suffer major loss. What separates them from other individuals is there attitude towards the method itself, since they know how to discipline themselves and know when to stop.

Assuming that supermarkets start to accept bitcoin as an alternative payment for their products, they must first solve the problem about the transaction speed with regards to the payment.
Every time you transact using your bitcoins, each spends relatively 8-10 minutes per transaction which makes it timely for most individuals, resulting to clogged and long lines. Next, when businesses use bitcoin as an alternative payment, every transaction also includes a fee for miners which again, is costly for the side of the business. Lastly, the volatile price of bitcoin can be a boon or a bane to the business and to the consumer as bitcoin does not have a stable price to begin with.

I doubt that supermarkets will accept bitcoin as an alternative payment soon but once the aforementioned problems have been solved, then large supermarkets and other services as well may come into the picture and accept it as an alternative payment.

Very interesting read indeed. At first, I thought that bitcoin can be a currency in the future if a country accepts its legalization and medium of exchange but its implications are more than just the approval. Its decentralized nature can be fixed by government intervention through regulation but it destroys the purpose of investment- which its volatile nature. Although bitcoin can be categorized as an investment that has the potential of yielding large amounts of income, it failed to be under the scope of a 'legit currency' in the world.

Personally, I believe that the world will adapt and embrace the revolutionary payment transactions which is the wireless and electronic system of payments and the blockchain technology might be utilized to achieve such.


Fiat money will always be regulated by a central authority by the government in order to prevent any abuses and price manipulation. In the case of bitcoin, its decentralized nature lacks any intervention and regulation which somehow, contributes to its volatile nature. Bitcoin will always remain as an investment alternative/tool for investors to utilize its nature for the purpose of yielding income in a high-risk manner.

The positive implication is that, the more you diversify your investments by allocating them into different altcoins instead of focusing into one, the lesser the risk your money's going to lose in the future. Most investors allocate their resources into different investment tools since focusing into one aspect may be a double-edged sword in the future.

The downside is, when you allocate your investments, you are obliged to study the market of each in order to maximize your profit. Not to mention, the profit that you may receive may vary and keeping them in track may be a hassle, especially when the market is down. Different coins have their respective factors that contribute to their price growth and you must be able to grasp and research each.

What happened to your investment? Did you study or research about the market before you invested into such? Another thing, you would not incur any loss if you did not sell your coins to a price below from what you acquired them- that is the rule of thumb!
Now since you have an actual experience of a failed investment, take this opportunity to learn from your experience.

First, like what I mentioned earlier, never sell your coins into a price below from what you acquired them unless an emergency situation arises for you to sell such. Second, study the market and observe the price graph from the info provided. Third, check for current events and news since they provide you information about the current state of the market and the country from its prohibitions (this is very useful) and lastly, allocate your investments and set your goal whether to focus into short or long-term investments.

There are various factors that you have to consider when observing the price of bitcoins since its volatile value depends upon these instances:

• News circulating the globe - One factor that many investors tend to overlook is the news circulating. When a country prohibits the utilization of cryptocurrency or if they announce something that is prejudicial in any way, expect prices to drop in the market;
• Media - all forms of media can affect the value of bitcoin as if they announce or manipulate the public, it might sway the decisions of some investors or stop new ones from investing. This also includes famous investors that gives their opinion on cryptocurrency- which ultimately affects the decisions of some individuals into investing; and

• Law of supply and demand - with all being said, the law of supply and demand significantly affects the price of bitcoin and is relevant from the ones that I mentioned above.

Cryptocurrencies, in general, are decentralized and volatile in nature which makes them the perfect vessel for short-term or long-term investment depending on the goal of an investor. But if you are considering in investing, you should do your research before investing in order to prevent any loss from incurring due to negligence or being irresponsible.[/list]

One of the quintessential elements of bitcoin is that its digitalized nature eliminates the need for a peer-to-peer transaction among users. Although this may be confused with credit transactions, bitcoin offers anonymity unlike other alternatives. Adapting into a digitalized form of payment may have its perks but criminals would exhaust all the means in order to scam money online.

Although having a digitalized form of currency may be beneficial, it does not completely eliminate the possibilities of crime as hacking is rampant currently. It is still better and suggested that you do not invest or transfer your money completely in order to lessen the risks of it happening.

The decision whether or not to sell their bitcoins depends upon the goal of each investor and their understanding in the current market. Just because the prices went down (which is a common scenario/phenomenon to bitcoin) does not equate to its continuous price decrease. One must study the market thoroughly and understand the current news in order for you to derive into such conclusion.

Another thing, that kind of mindset would only lead you to your downfall as an investor. Rule of thumb: only sell your coins at a price higher from what you acquired them initially. If you bought your coins at a price higher from what is offered currently, then it is highly suggested that you wait for another time or consider before selling your coins.