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Actually they didn't scam using bitcoin, they used the name bitcoin in their scheme. That is one of the reason why bitcoin and cryptocurrency is having a bad reputation in some countires, especially Philippines. However, the SEC already warned Philippine citizens about investing in ponzi schemes where ROI is just too good to be true. They even mentioned named of investment company or groups that are not listed in SEC. SEC and the Central bank of the Philippines are not actually against crypto, they want mass awareness about the risk and scam that is going around it.
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I think it would affect ICOs somehow, however, we all know that as a crypto enthusiast, we would most likely do our best to at least gain access and gain profit from crypto one way or another. Even I, if ever crypto will be banned in our country, I would still find ways to earn through crypto even if it not supported by our government. So, it will only have a little effect on crypto, I guess. |
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In recent months, the market has dropped a lot. Many people's portfolios have fallen by 50 percent, and the answer is basically waiting.
We can sell it at a higher price and buy when it goes down.
I think we'll lose a little bit less, better than nothing.
If you think that it is too risky to play along during the market situation, the best thing you can do during this kind of market situation is to just wait. As you can see the market is increasing and decreasing in small amounts in the recent weeks, which is good for short trading. However, if you are too afraid to risk your money, you should just hold and wait for the market to recover. |
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I want to start investing for ico and trading. Please to help from where should I start?
What needs to be prepared and cared for before starting it?
I am very grateful for the members who helped me in this forum.
and maybe this can also re-remind the new citizens who want to enter the world of investment (trading and ico).
thanks
You must start by educating your self. It is difficult to be involved in to something that you are not fully aware or knowledgeable of. Start by doing your own research, learning about security and the market flow of crypto. Both investment in ICO and trading can really be profitable. However, we all know that you can actually get cheaper alts on an exchange after the ICO because most people dump their investment once it gets listed in a decent exchange. |
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Experience will teach you a lot of great things. However, avoid learning about trading in an expensive way. You should just avoid becoming too emotional in trading, avoid getting FOMOed and avoid panic selling because this only leads to losses. As to the time when to trade, you must trust your own judgement and speculation, because people will just advise you to buy or sell this or that depending on what they are holding and think that would help them improve the market of what coin they are supporting, again their opinion is based on their judgment, you must make your own decision.
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Ethereum is mooning incredibly with stability, But bitcoin still a volatile coin. Lots of crypto expert telling that 2018 Will be for Ethereum. So, what do you think, Can Ethereum beat Bitcoin?
Sorry For bad English. I am trying to improve it.
Thank You, everyone.
It actually depends, a lot of people had believed in bitcoin and it's potential for the past recent years. If ethereum can provide all the convenience and profitability that bitcoin had brought to people, it can take bitcoin's place. However, it's quiet difficult for them to compare since they are of different platform and each are existing to do different tasks and serve different purposes. |
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Is it a good buying price for bitcoin?Might cross-border activity often lead to better demand for bitcoin?So bitcoin will do better in the second half of the year.What do you think?
If you believe in bitcoin potential, anytime can be a good time to buy. Bitcoin is still under rated because not everyone is aware of bitcoin and cryptocurrency yet. Just imagine on what price bitcoin will be once massive adaptation happens. Some people choose to wait for the market to dip, just to take advantage of getting more profit from holding bitcoin. |
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I am not actually aware of Muslim's religious law or regulation. However, we all know that all Muslims are highly religious and they always make sure to abide to their law. We cannot do anything if they view cryptocurrency against their religious belief. But, we all know that times change, and so as beliefs. If massive adaptation can happen, who knows if crypto will be accepted by Muslims too.
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I am sick and tired seeing thread here on legal about the reasons why bitcoin is illegal on other countries. Its about a hundred same topics. So here are my assumptions hope this would help.
*TAXES
- I think its the main reason of all these. Government didnt know how to categorize bitcoin for their taxation whether it would be on a passive income or not because BTC is also a currency. Thats why its better for them to ban it.
*BANKS
- Crypto becomes a threat to them leading investors to invest on cryptocurrencies rather than them. The monetary system also will change if Bitcoin becomes more popular than fiat. Central banks, which is a part of the government would make some inforcements to stop this.
*SCAMMERS
- This is the good side of all this illegalizations, to protect people from increasing number of scammers on the internet. But if that so, its not a reason why they would stop people from achieving all opportunities bitcoin would give.
Correct me if im wrong, but these three are the main reasons why i think bitcoin is illegal on other countries
This is true, the reason why government and other countries are threatened by cryptocurrency is because of scammers, they are putting investors at risk, and over millions of dollars are lost by people because of scam. Another thing is that, people's income on cryptocurrency investment and trading are not yet covered by tax law in some countries. That is why some countries are starting to either ban or regulate cryptocurrency investment. |
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Everyone who knows about crypto have seen the potential of bitcoin. Bitcoin can provide security and transparency while being anonymous. Just imagine the convenience of sending a big amount without even disclosing your personal information with just a click.
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Will this ico require kyc to claim bounties? And where can i find the spreadsheet for phase 1 of the ico. I can't find it on your bounty phase 2 thread. Thanks.
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Yes I have when I was new in crypto currency I like to invest in a HYIP to gain a profit,
So it is part of being an investor and I just quit investing in a HYIP since one of my friend teach me how to do a alt-coin trading.
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I think it happened to me when I was in High School I lost all of my money in a bet ,
We played DOTA back then and we always manage to win but in a certain time we go to one of our School mates place to gamble and my team ended up losing .
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The easiest way to get a token is through airdrop because you would just have to do the thing that they want you to do and it would only take a couple of minutes to do it,
But in bounty you would have to work for it and wait for your reward .
But bounty is more profitable than airdrops because some airdrops doesn't have a value .
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Well I would do it if I really need the money besides it is much more safer than selling my kidney ,
At least it would only be for a year and I could remove it again if it is for my family then I think it wouldn't really matter.
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Yes I am I have found out about bitcoin back when it was just around $200+ each and now the price is around $9,500-$10,000 per bitcoin,
I am really surprised how much the bitcoin price have increase year by year I think it would continue to grow in the next couple of years.
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There are always a news about the end of bitcoin and I think it is the main reason why people are selling their coins because of their fear,
It is the reason why the price of bitcoin is dumping or dropping down because of the bad news about bitcoin.
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When it comes to saving for my children's future I would go into bitcoin ,
I think it is more profitable to save in bitcoin rather than holding it in the bank.
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I think we need both of them in order to success in what we want,
But if I am only going to have one I think I would go with being a smart person.
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I would still go with bitcoin I think ETH would get a higher price or the demand for it would go up,
But I would still go to bitcoin I think it is the best to keep holding it .
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