If a war broke down among hegemonic countries, bitcoin would be the least thing that I should worry for.
Answering your question, usually countries would be in a financial state of crisis during war as its resources would be exhausted for weapons and for providing funding for military services and products. Depending on the country, bitcoin would be affected but to a certain extent. Since bitcoin has its decentralized nature, there no exist a country where it has full control and regulation over it. The price may be affected somehow and it might be decreased significantly, but it will recover once another country supports its development and enhancements.

The current state of our economy can be described as something that is 'erratic' in a sense. Our country is drowning in debts as we loaned a huge amount of resources in order to fund our infrastructures for the future. One could argue that we would only feel its positive effects once the developments are complete but our current economic situation caused a big toll to the marginalized sector.
Since the Philippines changed its tax reform system, which decreased the income tax for the average working Filipino, they compensated it by increasing the prices of general commodities and goods- which ultimately affected the poor. Recent data and statistics show that the Philippines is one of the countries that are steadily progressing but currently the worst performing country at the same time.

Every person has their unique sense of finding which environment suits their style. Usually, gamblers tend to participate and attend casinos not for the entertainment but for the purpose of socializing among fellow gamblers as well. Due to the number of individuals who view casinos as a place of corrupt and chaos, it created this stigma that prejudices their opinions toward that place. We should respect other individuals' decision when it comes to their entertainment.


I think we should obey the rules in general. It does not only apply to gambling but to the society as well. If we want to avoid any chaos or problem in the environment then following the rules and regulations stipulated will do the trick. In terms of gambling, people have the tendency to cheat and to exhaust every means in order to win despite being illegal. That is where the problem rises and I think the management has the prerogative to arrest you depending on their rules.

This will depend on the outcome of every cryptocurrency in the market, especially altcoins. Just to give you my idea, there exist superior altcoins in the market today since they have their specific functions and process that outweighs that of bitcoin but what makes bitcoin the reigning cryptocurrency is its years of development and revolutionary idea that changed the method of wireless payments. The price of bitcoin in the market is superbly high- which makes it the perfect investment tool in the market. Despite having numerous altcoins that are superior, bitcoin will continue to remain at the top if this continues.
The only way that I see that bitcoin will fall if investors suddenly shift their view and transfer their investments into another altcoin- which I think is possible in the distant future.

The only achievement that I consider that proud of is the life lessons it taught me especially when I fell into this deep addiction of gambling. Experience is always the best teacher- most of the time. Before, I used to gamble on a daily basis; gambling served as a form of entertainment and a way of recovering my financial struggles. Basically, I am killing two birds at the same stone! But what opened my eyes into the reality that I am facing are the mishaps along the way.
My family socially and financially struggled due to my addiction and people around me began to be affected due to my decisions. It was only at that time, I knew that something was wrong and I needed to change my ways in order to correct these mistakes.


Achievements in gambling tend to focus into luring your attention to gamble more. Even if it does unlock some bonuses or extra rewards, their primary purpose is for an individual to continue gambling- which ultimately creates this endless loop and illusion of someone gambling to their sites due to the various rewards from unlocking their achievements. However, this may also be beneficial to a person if he/she knows how to control their addiction and change their perspective towards these rewards.

Interesting. In other words, bitcoin has the obligation to be a 'better currency' in order to be accepted by the company. To begin with, bitcoin is not even considered as a currency to other countries since it does not follow the requisites to be a currency. Some countries treat cryptocurrencies in general as an alternative way of earning income. Not to mention, few countries even consider it as an asset than a currency.

There is no standard definition of what 'bitcoin' truly is as it depends on the country that you are dwelling. You are right that once countries start to accept its legality and status, bitcoin would be considered as something that will be inviolable and indispensable and companies like paypal or other relevant companies will have no choice but to adapt and follow it. The only question that matters is- WHEN?


I think the benefit goes both ways since it can be considered as mutual. If bitcoin has been accepted into the platform of PayPal, then its potential throughout in terms of being accepted is endless. Other large trading platforms may follow this step and accept bitcoin as an alternative payment for their products/services.On the other hand, more people would start to utilize PayPal- which ultimately increases their customers and users using their website as a trading platform.

Definitely your call but personally, I would continue to diversify my investments until I recover the loss that I garnered.
Rule of thumb: Never sell your coins below to the price you acquired them. Exceptions: If you are financially struggling and you have no resources to meet those obligations, then sell your coins. In adherence to this, the decision primarily lies on you. If you are really observing the market, you would infer that investing into bitcoin will be one of the key decisions in order to obtain short-term income due to its high volatility.


Supposed that the individual is not a beginner, then day-trading would involve a series of complex process and techniques. I stand heavily on your decision to hold as for my rule of thumb to never sell your coins to a price lowered from what you acquired them in the first place.

There are various reasons which explains the volatility of bitcoin in the market, namely:

• Due to its decentralized nature, no department or government institution has total control over its transactions and regulations in the market. Unlike the other investment mechanisms (like stocks, golds, bonds, treasury bills, etc.), they are backed upon by a government institution which regulates its function in the country;
• Government prohibitions and country implementations which are prejudicial to the cryptocurrency world affect bitcoin's price- which explains its volatile price;
• Large trading companies and famous investors that release (bias?) statements about bitcoin influence the will of investors in acquiring bitcoin, which makes the market supply and demand erratic; and
• Media has an significant impact on attracting new investors and retaining old ones as they disperse the information- which may be manipulated depending on the country of each.

Above are some of my opinions based on my experiences with its volatility. The way to handle its volatile nature is to treat it as an opportunity to acquire more rather to see it on a negative aspect. Never miss the chance acquire more in order to maximize the yielding of income in the future.

If you are fortunate enough to make your workplace as your passion, then there are natural tendencies for you to get addicted to it. Addiction is a disorder related to the brain, which causes an individual to be attached to something. Rather than a choice, addiction is a disorder which needs to be addressed in the soonest time possible to avoid any further damage.
Going back, gambling causes an individual to be addicted especially when they rely on this method to finance them with their monthly obligations and needs. That is when the problem persists, as they rely on something that is unreliable and risky in nature. When this happens addiction will start to kick-in, causing the the individual to be inclined to it despite having negative implications.

I do not think that broadcasting price of bitcoin constitutes to advertising. In general, advertising involves marketing communication that sponsors a product or a service in order to promote or to sell it. By just broadcasting the price of bitcoin in the radio, this entails that your country impliedly accept its utilization in the market and in the society. Though it may not be a form of advertising, we still cannot deny the fact that it gives importance to bitcoin and its implication to the society. If your country accepts it as an alternative payment, then it might be a step-forward towards the development of cryptocurrencies in general.


Unfortunately, what gets on the news are the things that are currently relevant. If the hype dies down (like what happened to the price of bitcoin when it suddenly skyrocketed and decreased) the media tends to deviate itself from the current situation and only broadcasts news that may seem important currently to the situation.


If that is the case, then the implication of it is its legality and status of cryptocurrencies in your country. Unfortunately, if no news are spread then it implies that the country prohibits the utlization of it. For further clarification, you may refer to your laws or you could also check the internet for information regarding its status on your country.

The key here is to treat cryptocurrencies like any other investment mechanism in the market like acquiring stocks, purchasing gold, applying for bank notes or treasury bills, and having real-estate properties. If you allocate all your resources into cryptocurrency alone, then the risk involved definitely explains on why your future might be unpredictable. Diversifying your investments by having to invest into multiple investment mechanisms will lower the risk of losing all your resources and maximize your profits in the long-run.

The difference between investing into cryptocurrencies as to the other types (like what I mentioned above) is the yield of income overtime. Due to its volatility, many investors tend to shift their investments into this aspect as they have the potential to yield large amounts of income in a relatively short amount of time.


Definitely risky if you allocate all of your funds into bitcoin. That is why people need to diversify their investments into multiple accounts instead of relying into just one aspect (which is bitcoin). If you have the opportunity to earn short-term income in cryptocurrencies, then utilize that money to acquire shares of stocks, or any investment alternative available.

Technically, the HODL strategy will continue to be practiced as long as investors are inclined to their goals depending on the time frame they give to their investments. Generally, the HODL strategy works for long-term perspective plans as they view it as something that will benefit them in the future, compared to other strategies. But the ideal practice should depend on the market outcome- which makes the investors' methods and techniques versatile and flexible. Most investors that are new to the game will be inclined into practicing this method until they are exposed to different types as such.


The strategies that we utilize will depend on the market outcome. The HODL strategy is not the perfect strategy as if it was considered as such, then all people would continue to do it. Our experience dictate what strategy will we utilize depending on the market supply and demand- that is why most people are invested into observing the market supply and demand.

In general, gambling creates this illusion wherein a person would continuously bet their resources regardless of the result. For example, if they win on a round they would continue gambling due to the thinking that they may win again on the next round. On the other hand, if they lost, they would still continue gambling due to the mindset of recovering back their losses- which ultimately makes their situation a lot worse.
Balance calls for the equilibrium among their decisions since they really need to control and to have self-discipline in order to know WHEN TO STOP gambling. This principle can also be used not just in gambling but in life also.


Unfortunately, it is easier said than done. Most gamblers fail to realize and experience the reality behind their decisions whenever they gamble. Their mental capacity clouds their rational decision as they are stuck in this loop, hoping that gambling may help them financially but in reality- only makes their situation worse. People who experience such need to be supported and helped by relatives and family members so that he/she can cope from this dilemma.

Technically, Warren Buffett is inclined into the traditional way of investing- which primarily revolves around the acquisition of stocks and business ventures in order to increase their influence and sales. Bitcoin, which is decentralized in nature, makes it difficult for them to comprehend the processes and system. That is why, most of his statements are prejudicial to bitcoin's existence as he does not understand on how the blockchain technology works! Funny thing is, people who also do not know the background of bitcoin tend to be influenced by these statements and they start this revolution against cryptocurrencies.


Interesting. I might even consider that the statements that he made are actually part of his scheme. The whole thing might be an act and I even consider the possibility that he already invested into some cryptocurrencies in the market, which explains on why some coins suddenly increase on their supply.

Bitcoin was made primarily to eliminate the need for a peer-to-peer transaction between individuals. In other words, convenience revolves around the reason for its existence in the world today. Its technology surpasses any electronic payment currently as the blockchain technology introduced a revolutionary way for transactions between people. Economically speaking, bitcoin has supported individuals into earning alternative income due to various services being offered.
For example, under the marketplace many people seek for specific services/products and they use bitcoin as the payment for such. Instead of having to do labour which requires strenuous effort, cryptocurrencies in general eliminates the need for that. The money earned by individuals through cryptocurrencies circulates around the economy which makes the market liquid.


Banks do consider bitcoin as a threat into the investment perspective and not more than that. Banks are also considered as business, wherein they earn income through various loans (provided by bills, notes, etc.) and they utilize their income in order to control the money supply in the society. Having bitcoin in the picture, people would rather invest their money into this aspect than into banks- which makes it a threat to their business.

This depends on the perspective of the individual on where he/she wants to view it. Morally, gambling commits sin as it may be viewed as an act that corrupts the mind of an individual with greed. Economically and legally, gambling benefits the society as a whole in the aspect of fund raising and entertainment. It now all boils down on what outweighs the other depending on the perspective on where you look at it.

Gambling, however, has caused tremendous damage to an individuals mental capacity if left untreated. Without any support and help from their family members, peers, or relatives, they may succumb to the addiction which ultimately leads to their downfall.
The way I see on how gambling benefits the society is on the introspective aspect of each individual who was addicted before. Their experiences, failures, and decisions shape an individual on how they should avoid doing such mistakes in the past.


If gambling can benefit the society economically, then more casinos should be built and it should also influence individuals to gamble. The main concern revolves around officials who keep the money to themselves due to greed and to personal expenditures. That is where the problem occurs and exists in the first place. Better alternatives should be taken into consideration and not just by relying into casinos into funding a society.

Considering that bitcoin has indeed, reached the price of $1,000,000 by 2020, there will be an influx of individuals who will become millionaires ASSUMING that they stored and kept their bitcoins and aimed for this situation. Like what you mentioned, a lot of individuals panic-sell their cryptocurrencies whenever its price decreases (due to various reasons like government prohibition and bans, etc.). Instead of turning the scenario into an opportunity to gain more, they see it on a negative aspect wherein they sell their coins and create threads about the doomsday of bitcoin.

Again, inflation may occur depending on the scope of individuals it covered per country. Assuming that countries will continue the utilization of bitcoin and it is legally acceptable relatively, a sword of Damocles would hang in the value of fiat. Individuals would aim to acquire bitcoin- ultimately decreasing the value of fiat and gold (which dictates its value per country).
I doubt that this would happen since government intervention may occur before this happens. Banks would predict this kind of outcome and will respectively create contingencies to prevent this situation from happening.

I absolutely agree. Bitcoin, the leading cryptocurrency up to date, has already made its name in the market as it introduced the revolutionary blockchain system of payments. People are rather skeptical whenever its price decreases as they believe that bitcoin might be replaced by another cryptocurrency soon but what they failed to realize is its volatile nature revolves around that common scenario in the market.

Going back to the question, we should always consider the possibility of another coin replacing bitcoin as nothing is constant in this world but the chances seem to be highly unlikely. By basing it on the records of its market supply and demand, bitcoin still remains as the reigning cryptocurrency despite prejudicial news and announcements made by famous investors or large trading organizations.


Interesting. I do agree that there are superior coins that exist in the market which surpasses bitcoin in most aspects but what makes it remain on the market is the name it already produced throughout the years. Not to mention, the price it already accumulated from the number of investors it influenced has remained unscathed.

Various distinctions can be inferred when you consider online gambling increasing with the number of cryptocurrencies in the market. First of all, online gambling became too convenient for users especially when cryptocurrencies became prominent in the market. Second, like what you mentioned, gambling using these cryptocurrencies will increase due to its volatility- making its price increasing overtime. Third, gambling online is relatively easier compared to attending into casinos. Lastly, online gambling has been the boon and the bane of every individual who are active in social media sites or forums.


Having to pay for your monthly obligations using your salary has became every man's mandatory action monthly. They are required to finance their resources smartly and objectively in order to meet the demands and expectancy of the family. But when you compared it with the income you earn via investments or through cryptocurrencies, you consider those resources as the money that you are willing to lose. Due to this scenario, more individuals are inclined into gambling their coins rather than their monthly salary. With all said being done, you cannot deny the fact that gambling has adverse effects on an individual in the long-run.

There are various economic effects when implementing bitcoin as an alternative payment/currency for services or products in a country. Many individuals are starting to view bitcoin as an alternative investment method wherein the yield of income is faster and shorter relative to the traditional ways of investing money (i.e. stocks, bills, treasury bills, bank notes, golds, etc.). Due to this, the money supply in the market increases whenever they earn income from this method.

The dilemma is, some people think that implementing cryptocurrencies may have an adverse effect on the economy where it may be inflationary. Cryptocurrencies, in general, have a small scope in terms of power in the market supply and demand. The effect of having any inflation may seem far from what they have imagined in the first place.
Personally, bitcoin has support/helped various individuals into earning alternative income without having to compromise the time needed for anyone to work for labour. Hopefully, countries would accept cryptocurrencies in their country as its volatile price may have a positive effect in the market- ultimately affecting all investors in a positive light.