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7641  Local / Pamilihan / Re: What If on: December 12, 2020, 04:15:09 AM
Not sure if Globe is interested in having a bitcoin exchange, pero definitely not impossible if mag spike up ang growth at adoption ng bitcoin. In the end, they will cater to demand as always.

Malaki ba ang epekto nito sa Coins.ph? Knowing na though well-known na saatin ang Coins.ph, take note na hindi pa siya ganun ka mass-adopted especially compared to GCash na malayong mas madaming users. If it's the case na magkaroon ng crypto feature ang GCash, definitely malaki ang effect nito sa potential future growth ng Coins.ph especially if they apply it sooner, basically stealing potential future customers ng Coins.ph. Hindi ganun ka-laki ang Coins.ph(compared to gaano kalaki ang Coinbase sa US) para magkaroon ng somewhat-monopoly in the long-term.

Some data para mas madali niyong ma-visualize ung size difference ng GCash sa Coins.ph:

  • Android: GCash at #8 spot while Coins.ph is at #181 spot
  • iOS: GCash at #4 spot while Coins.ph is at #147 spot
7642  Economy / Trading Discussion / Re: Do you believe in bitcoin/altcoin market stock predictions? on: December 12, 2020, 03:41:42 AM
Screw predictions. Even the so called "experts" get it wrong A LOT, and let's not forget that drawing on charts won't be able to predict events in the first place.

Since you're interested in trading though, why not continue holding and simply allocate a certain percentage for your trading? You don't necessarily need to be all-in on trading or all-in on holding. It's possible to do both.
7643  Bitcoin / Bitcoin Discussion / Re: Has Bitcoin failed? on: December 11, 2020, 03:28:42 PM
Well, my gut feeling is that it is getting further and further away from regular Joe in the street, and it may be eventually just getting concentrated in the hands of the rich classes as a store of value.

You know why? Because the regular Joe in the street isn't likely to take part in new technological inventions. Especially when they don't even know what a certain technology does in the first place.

Prove me wrong!

How many people in your neighborhood where you live hold or use Bitcoin, probably close to zero. And how many in your own family has recently paid for anything with BTC?
None. Because not a single person I know in my city even invests in general. Just consumerism everywhere. Does that make certain assets such as gold and stocks a failure as well?

You're making conclusions that bitcoin is a failure just because you don't know anyone using it. Even though you probably know well that Bitcoin is still a very new technology.
7644  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin ever be use as other country currency on: December 11, 2020, 03:07:32 PM
Certain countries using Bitcoin won't really directly make Bitcoin more or less decentralized.

With that said, Bitcoin as a country's currency? Very very unlikely especially for the bigger more established countries. Bitcoin as one of the accepted payment currencies along with the country's local currency? Sure.
7645  Other / Beginners & Help / Re: Bitcoin on: December 11, 2020, 02:48:59 PM
Let me ask you this first: since you're asking about Bitcoin concerning Joe Biden's presidency, what specific law or anything about him that you think could actually affect Bitcoin?

2 Accounts Connected: Overflowing merit between alternative accounts.

1. Nilakash83
2. Roxadex

Knew there was something fishy about that 1 merit.
7646  Bitcoin / Bitcoin Discussion / Re: Not your Keys not your btc on: December 11, 2020, 01:55:29 PM
You seems to be wise person so what is your advice just hodle btc in hard wallet and relax?

Id like to follow your advice I dont know what education or background but i guess you have good education on this.


Why ask me? I don't know what you're intentions are. If you're a trader, obviously you need the funds to be on exchanges to be able to trade. On the other hand if you're more of an investor and a holder, then securing your funds using a hardware wallet is highly recommended.
7647  Bitcoin / Bitcoin Discussion / Re: Not your Keys not your btc on: December 11, 2020, 01:24:31 PM
Once the btc prices will go up becouse Exchangers will not have enough liqutity to meet the demand for all this traders who will try to cash out the profit? 

You do realize that buyers on exchanges are buying coins from other exchange users right? And vice versa. Not from the exchange itself. If there's not enough liquidity to meet the demand of the buyers, what will simply happen is that the price will increase as the buyers execute the orders of the higher sell offers.
7648  Local / Pilipinas / Re: ATH na ba? on: December 11, 2020, 10:17:37 AM
Tingin ko madami kasi nakaabang sa $20,000 price ng bitcoin at yung karamihan ay nagbebentahan na kahit nasa mahigit 19k usd palang ang price ng bitcoin kumbaga masyado na silang nasasabik magbenta kaya di na nila maantay ang $20,000 price.

Not-so-pro tip: sa karamihan ng exchanges pwede mo makita ang "depth" ng order book. Para may idea ka kung gaano karaming units ang naka sell offer at certain prices.

Eto ung sa BTC/USDT trading pair sa Binance:

7649  Economy / Service Discussion / Re: ✅ Need a community advice. What is your opinion? on: December 11, 2020, 10:06:14 AM
Question: What would be the <h1> heading of that specific webpage? If you're going to use the "Cryptocurrency Exchange Rates" heading, then the rates.coinplatform.com option would be a better fit, solely from the "rates" word alone as it would be more memorable for the user.

As for the "monitor.coinplatform.com" option, that could still work if you're going to use an <h1> heading such as "Monitor Cryptocurrency Prices" or something like that. I'd personally prefer "rates" though as it's shorter and the word simply fits more to your niche.
7650  Bitcoin / Bitcoin Discussion / Re: New institutional player — MassMutual purchases $100M Bitcoin on: December 11, 2020, 09:55:08 AM
When we talk about institutional investors,I'm thinking about giant banks and hedge funds,that will buy billions USD worth of BTC.Unfortunately,we don't see such big investors joining the crypto world.

Because no matter how bullish we are on Bitcoin, it still won't change the fact that bitcoin is still a speculative play. And unless a company or individual investor has like $100+ billion in cash, it would really be risky for them to put billions in to bitcoin.

Also take note: These big players are a lot less likely to take big risks compared to us retail investors. Most of them make investments just to counter inflation, not necessarily to make huge gains like us.
7651  Bitcoin / Bitcoin Discussion / Re: there is so many announcements about instutuional investment in btc but question on: December 11, 2020, 09:23:41 AM
Especially if the company isn't public, sure they could lie, but why would they in the first place? Especially if a certain company is big enough in size to have it's name placed in a news headline, lying just for a bit of media publicity is definitely not worth it knowing the potential repercussions.
7652  Economy / Trading Discussion / Re: How do you manage Bitcoin price risk? on: December 11, 2020, 07:08:30 AM
For these parts - totally agree. But unfortunately as years pass, the number of shitcoins just keep increasing. Still very surprised to see that someone truly invests in new ICOs/IEOs/etc. (I don't mean the speculators & P&D groups). Until the market is cleared, probably many more years will pass, as even exit-scam projects' tokens still might be tradable, even though with collapsed liquidity. Just like some people knowingly what they do, invest in ponzis & pyramids with the thoughts that they are the smartest ones and can do what others couldn't.

Don't expect them to be gone any time soon. If anything, the number of shitcoin projects is actually likely to increase as Bitcoin(and the cryptocurrency space) grows more as time goes.

To simply put, scams have existed since the dawn of humanity, and it will continue to exist until the end.
7653  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Major Social Media Companies on: December 11, 2020, 05:08:55 AM
I want to know actually what's wrong  with it if the user refused or fails to attach bitcoin wallet address to it, does it mean it will be seen as a scammer or what? Or they is another reason the wallet address should be placed there, please I need brief explanation.

With so much scams on social media it might be the case that Facebook automatically false-flags Bitcoin addresses as scams. While it's unfair for those who want to post their Bitcoin addresses without malicious intent, I really can't blame Facebook's software for being strict due to the number of scams on social media.
7654  Economy / Service Discussion / Re: BitPay wants to become their own bank. on: December 11, 2020, 03:40:51 AM
Not a bad thing as far as I know. Probably nothing different from Square being allowed to operate a bank: it just makes things easier for them in terms of regulations, rather than them needing to bend the knee just to be able to operate.

Doesn't really change the fact that I have a huge distaste for BitPay though.
7655  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Major Social Media Companies on: December 11, 2020, 03:32:49 AM
Probably a loophole: create a donation page on your website(you definitely should have a website in 2020) and place in your bitcoin wallet address there, and post the link to that page on Facebook; rather than showing the Bitcoin address straight into a Facebook post.
7656  Economy / Trading Discussion / Re: Where to hold BTC balance used for trading on: December 11, 2020, 03:21:14 AM
Should I maintain my trading balance in another form, such as USDT?  Any suggestions? Thank you all for being available on  this forum!

USDT is definitely one of the preferred options. If you're using a KYC-exchange though, you honestly might as well use real USDs than stablecoins because holding stablecoins has it's own risks[1].

On the other hand, if you're using non-KYC exchanges like Binance, yea you're pretty much limited to stablecoins. Just remember to probably not hold onto your stablecoins for long amounts of time because of the said risks.


[1] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets https://bitcointalk.org/index.php?topic=5204055
7657  Other / Beginners & Help / Re: What crypto book should I buy? on: December 11, 2020, 03:15:03 AM
The idea of gifting a Crypto book to a friend is a great idea and I appreciate such. Not wanting to send  book that’s is technical I don’t know how wish to achieve that? Because bitcoin is technical so it’s learning process is also technical. I understand with such Gift you’re spreading the knowledge of bitcoin and expanding the community.

Not really. While I think I'm a decently tech-savvy person, I'm really not into the deep technicals of Bitcoin; but more of the theoretical/economic/investing side of it. If you need to be technical to decently understand and take advantage of Bitcoin's characteristics, then we're fucked.

Take a look at the book recommendation from my previous reply.
7658  Economy / Exchanges / Re: Nice/Easy way to buy Bitcoin for people under 18 on: December 10, 2020, 04:10:54 PM
Probably not a good idea to be using KYC exchanges if you're under 18.

With that age, you either ask your parents to buy coins for you, or you use peer-to-peer non-KYC exchanges like HodlHodl[1], LocalCryptos[2], or Bisq[3].


[1] https://hodlhodl.com/
[2] https://localcryptos.com/
[3] https://bisq.network/
7659  Bitcoin / Bitcoin Discussion / Re: WHO CAN SHUTDOWN BITCOIN? on: December 10, 2020, 04:05:07 PM
Yeah, I admit to your point that is a collective efforts to keep bitcoin moving but while I said that it's only satoshi that has the power to shut btc down is because is the founder of btc and provided that he has all necessary documents concerning btc, I hope he can bring it down if he wishes, shall their is no much argument about it, I really agree with you.

Broski if it's the case that Bitcoin can just be shut down by Satoshi or by literally anyone just because of some documents, then Bitcoin is crap. It's actually the fact that it can't be shut down that's why there are a lot of Bitcoin enthusiasts. Even the government itself couldn't shut it down.
7660  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Top 5 best coin or token? on: December 10, 2020, 03:19:12 PM
There is no such thing as "best coin/token" for trading. It will completely depend on your trading style and what indicators you're using, and obviously it won't be the same for everyone.
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