Actually I have sent money to the Philippines and the total price for converting from fiat to BTC and back to PHP is about the same or lower than the price Western Union charges.
HOWEVER: No offense, but these over-seas-workers aren't tech savy enough to use BTC. You guys ever been to the Philippines? Organization and education is.. lacking.
uhmm AFASIK even a 7 year old kid knows how to play online games nowadays, almost every household got smartphones, tablets, laptops and pc's plus there are lots of internet shops everywhere. And to think those OFW are away and to keep the communication cheaper the first thing they invest on are mobile phones and computers. I dont really think being a tech savvy should be too much of an issue (except of course u ended up with tons of BTC in ur wallet and have to back it up). "HOWEVER: No offense, but these over-seas-workers aren't tech savy enough to use BTC. You guys ever been to the Philippines? Organization and education is.. lacking." ----> this may be true but if I think opening a bank account is much more complex than transferring BTC. Considering most Filipinos doesnt meet the qualifications to open a bank account (let alone having a VALID ID to start with). |
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Speaking for myself only, I believe that Filipinos are fast in adopting new technology, ideas and are very much welcome to things that would make life easier for the hard work they do. Though it may take sometime I am very sure that once most Filipino get to know more about Bitcoin they'd be one of the major supporters of Bitcoin.
They can exchange BTC for cash but thinking it's some form of investment too they can sell it too. The countries they can sell and pass the coins around will then be almost limitless as Filipinos are almost everywhere. Or start accepting salaries or goods for BTC.
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Don't use Chrome at all. Uninstall this crap. Search this forum for easywallet
thanks for the suggestion MM..for now i might mess around with the mobile version to avoid getting in trouble (  now how can I use WIFI without gettin caught LMAO)  |
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Actually not juz AuPair/Nannies but Overseas Filipino Workers in general ( http://en.wikipedia.org/wiki/Overseas_Filipino) "In 2012, the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, expects official remittances coursed through banks and agents to grow 5% over 2011 to US$21 billion, but official remittances are only a fraction of all remittances.[10] Remittances by unofficial, including illegal, channels are estimated by the Asian Bankers Association to be 30 to 40% higher than the official BSP figure.[10] In 2011, remittances were US$20.117 billion.[11] This Philippines is the fourth largest recipient of official remittances after China, India, and Mexico.[10] OFW remittances represent 13.5% of the country's GDP, the largest in proportion to the domestic economy among the four countries.[12] In 2012, approximately 80% of the remittances came from only 7 countries—United States and Canada, the United Kingdom, UAE and Saudi Arabia, Singapore, and Japan.[11] These countries are widely dispersed around the globe—in North America, Europe, the Middle East, Southeast Asia, and East Asia, respectively." This is why I think Bitcoin is a very nice, fast and efficient way to send money to Phils from abroad. Hard earned money is now free from high transaction fees from Western Union and the likes. That why I support my kababayan Mang Sweeney in his mission: https://bitcointalk.org/index.php?topic=88320.0 |
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Don't worry Maged! The unofficial lending forum guardians are here. ^ is one thing I love this community...we all work together and watch each over each other.. +1 |
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Is there any dormant account policy? I suggest those dormant accounts receive email notification like a warning that failure to respond or atleast login will cause their accounts locked or create a tag for those account So when they're login again they can easily be identified.
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I love Bitcoin I love the rush
1GTJ2DhqSPHBTEjG7GCjz6XLYZhU1hEz2a
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that makes sense coz i went to that thread and that's when i saw the warning
on the side note i was happy to see there's a mobile version but....mobile too is not allowed at work lmao juz broke 2 rules <3 bitcoins
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nice to know...now how do i make our IT dept approve this hahaha I guess no bitcointalk during work hours ( if i can ) LOL thanks much pekv2
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i seldom visit this page and happened to drop by and saw this thread...juz exactly what i've been looking for...can't wait to try it! thanks man!...
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Just a warning: Google warned me of a possible malware when loading a page on this forum.  got the same malware warning earlier so i logged out and shut down pc. It's different from the image u have. If it's google related, is it possible this happened coz am using Chrome? well I kinda panic as am @ the office ryt now & dont want to get caught lol.. but this forum is irresistable so is bitcoins  |
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I forgot my password! Please reset...
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been waiting for this the whole time wild ride it is...am in for more!!!!!!\m/ |
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The drop from $260-$130 today isn't the last drop we're going to see and I want to be prepared for the next one. But during the drop today when everyone was trying to sell, I was trying to buy. However, the problem I ran into is that there isn't an immediate way to buy Bitcoin that I'm aware of. Getting USD into Bitcoin in a matter of minutes doesn't exist to my knowledge. I use coinbase, and when I started, it was great. You can buy at anytime and your price was honored at the price you bought it at, even if the coins weren't yet available.
If I bought coins today (Wednesday), I wouldn't get them until Monday, and at Monday's price. I've tried using BitInstant before and they're sketchy and won't use them again. They have no way to be contacted because no one replies and they release your money when they feel like it because they make their money on the transaction fee and they have very little concern of when you get your Bitcoins as long as they've made their money.
So, I'm left with this post. Let's just say the price goes from $260-$130 again, how can I buy Bitcoins right away at the $130 price - because as I've witnessed today, your window of opportunity is approximately an hour - because that's how long it took to go back to $200.
Any ideas or suggestions from you fine people?
Are you aware that Coinbase is future dating the price now? Buy today for the tomorrow's price? |
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I love bitcoins coz it's give me rush more than a roller coaster does...I hope we learned sumthing today So proud to be a Bitcoin believer! BTC rocks!!!! \m/ |
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