The big dump was unexpected, this competition now is getting excited as there's a big change of price, but there' still 5 days left to end this quarter, who knows price will pump and btc will again raise over $10K. I was not able to participate in the competition, next time if there's a last quarter competition, I like to express my interest to join in advance.

Good day too, I think this is a proper thread, I decided to create a new thread since this is a significant one, I want to see some comments on what's their take on what is happening now, it's like a one day big sale in the market where major coins are down 10% and up.

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I bet you, it will not happen again, you just want BTC to dump that low so could accumulate more.
I like to know if there's a reliable news that is the reason behind this big dump today, if anyway could share, it would be worth discussing here.

What do you think guys, will BTC recovers after it's dump to $8,000+ now or mas may dump pang mangyayari.
Also, I check on the news but I can't seem to find any real reason why the price dump.

Share your analysis here on the possible next move of BTC and altcoins.

This would be nice if Manny Pacquioa is included in the group of senators that will discuss on crypto as we know he is very positive in crypto.
For most, this is not an interesting topic, so let's see if we can get some timely update about the hearing, hoping for positive results like everyone else here.

Great news but it would be greater if they will also provide more cash out method.
I believe most of us here have more cash out transaction than cash in transaction, and if they can also compete coins.ph cash out methods, then it's gonna be good for us users.

Actually I haven't cash in a lot these days, I only made few cash in transactions but this news would help those who like to invest in bitcoin and crypto as they can easily pay in a store that is open 24 hours, like I said, I hope there will be more cash out options they will offer.

You are right, the government can only impose tax on businesses that are registered to them like our local exchanges which is coins.ph.
They are earning millions of pesos from fees, and the exchange rates which is mababa talaga sa kanila if you are selling, so that will contribute as part of their income, they are paying taxes but we aren't, and until there is no proper guidelines it will be hard for the government to collect taxes from us.

This is for a single transaction? Can you direct me to the policy where you have taken this information?
Just wanna make sure my account won't be compromise in the future as I could also make big deposits and withdrawal.

That's what most people are thinking I guess, the last time there was a bull run is because ETH broke its ATH and if that will happen this year, we could possible see a bull run of not only ETH but the entire altcoins market.

Remember that there are also a lot of altcoins that are still sleeping now or have struggled to rise due to the non consistent movement of BTC.
It needs to pump or skyrocket so it will easily reached a new ATH, its high this year was only $13k and then it stopped, so we should try again and break that resistance but it's not possible without positive news to back it.

Hindi yan sa liit, consistency ang kailangan dahil kung consistent ka, madali lang palakihin ang income mo sa trading dahil willing kang mag risk ng malaking halaga kasi alam mo na mag profit ka.

In my case, I don't rely on reading limited sources only, youtube videos, google, and etc ,yang ang gamit ko.. mas marami mas maganda dahil marami kang matututunan, also explore in the forum, may mga members na magaling sa TA dito at meron ding iba na magaling i interpret kung ang anong posibleng effect ng mga news sa crypto, yung dapat ang aralin natin dahil kung puro TA lang, mahihirapan tayong mag tagumpay.

Dati kahit di naman tayo nag babasa malaki pa rin ang chance na kumita dahil sikat ang ICO noon kaya maraming investors na pumapasok, kahit scam campaign ay nagtatagumpay kaya yung bounty hunters ay madaling kumita.

Well, iba na ngayon dahil hindi na siya ang ICO, IEO na tayo kaya konte na rin ang crowdsale na nangyayari compared dati, so limit na rin ang income.
Dami ra prin sigurong ICO now, wag na tayong sumali.

Hindi naman tayo ang mag didictate kung anong gusto nating tawaging tax, kung tax yan, there is a specific rules on that and there is a guidelines on how to remit your taxes, transaction fee is not a tax, it's considered income on the side of the exchanges which is subject to tax, AFAIK, we are not paying any taxes when using the exchange because they are not authorized as withholding agent.

No, every business that are form as corporation has to be registered with the SEC, and all those businesses that are in money services or what we called financial corporation has to be registered with the BSP at the same time, I think this is due to the AMLA (Anti money Laundering Act) which is under the monitoring of the BSP.

IIRC, before only Banks are requires to register with the BSP, but now they already include Pawnshops and other financial institutions including the crypto exchanges. SEC does not usually issue memos from time to time, it's the BSP that is actively issues memos and every businesses under its supervision has to comply with such issuance.

That's how we think, we don't usually remember anymore our past loses, we enjoy the moment because in gambling we don't win most of the time.
We cannot treat it like a business where we have income and expense and get the gross profit or loss, this is gambling where from the start we know it's not easy to way, it's just easy to play and we enjoy it but in reality our chances is lower compared to the gambling sites we are playing, so a win is a blessing that we have to enjoy.

Kung active ka sa airdrop that time, maari kang kumita ng million, yun yung panahon kung saan madali lang ang kitaan, halos lahat ng bounty ay successful. That time, I am very active in bounty so I don't have much time with airdrop, and I would not disclose how much I earn, but I'm happy and satisfied with what I earn that time, in fact, naka pundar ako ng bahay dahil sa kita ko sa bounty.

Mostly chinese ang may ari nyan, maybe they are just using other people to run the business to pass the requirement.

The business industry in the Philippines are dominated by the Chinese people, they are Filipino chinese but they look pure Chinese.
Well, for me it doesn't matter as long as the country's economy is improving, Chinese people is not an enemy, they help the economy of the Philippines to improve.

PCSO only earn 1 billion monthly, https://www.pna.gov.ph/articles/1025847
This one (POGO) is way bigger, so we have to keep this and hope this will even grow bigger.

Babagsak pero hindi tuloyang babagsak dahil walang choice ang mga tao, and mas maganda pa niyan kung walang IEO ay yung old coins ang mag benefit sa mga investment which is hindi natin nakikita ang benefit dahil yung pera ng mga tao napunta sa IEO na mabilis ang ROI.

For now, I think he is not thinking of that anymore, but the team have seen his performance and maybe got some feedback from the other team about his attitude. This guy has superstar mentality, it's hard for us to take that from him as he will continue to be confident when playing in the floor and might eventually demand more minutes, if a player will not follow orders, that's disrespectful so maybe teams are just trying to avoid as it could also destroy a team's chemistry.

My observation is different, when BTC goes sideways, it normally make altcoins drop, maybe today we are seeing a great performance for altcoins but I doubt it would last. We need BTC to rise like what it did last 2017 so people will be into FOMO buying different coins in the market, and that would certainly affect altcoins and turn into a profitable investment.

Maganda ito, and mukhang mas mataas ang rate ng covertion compared sa coins.ph.
They also have over the counter cash out, like SM bills payment, ML, and Cebuana but unfortunately these are not instant, it's say "waiting time 1 day", I think we all don't like that when the charge is also high. Online transfer is way better, hopefully they'll be able to add that.

We should be aware on this, there are fake news or bias news, that's normal, even the general media, they also release fake news as if we look at the bottom of this business, they are profit oriented so they work for money that might make them bias.

TA is important as well bu news is more vital as it could affect the psychological and emotional judgement of the majority of the people, and that could result to some significant move which we should foreseen it to make the right judgement.