Oo tama ang taon na mauubos na ang rewards para sa Bitcoin mining ay 2140 or at least around 120 years galing ngayon at sigurado ako eh sobra pa sa abo at putik na lang siguro tayo sa panahon na yan at ang maiiwan na lang ay ang mga alaala na ating ginawa sa mundo ng kriptokarensi at sa iba pang bagay. Maganda din isipin kung buhay pa ba kaya ang forum na ito sa panahon na yan at kung buhay pa eh sana mabasa nila itong post ko.

Now back to the main topic. I am sure that by the time it is not rewarding anymore na mag-mina kasi sa transaction fees na lang ang pwedeng kikitain ng mga miners sa pag-confirm sa mga transactions eh makagawa na yan sila ng mga ibang paraan upang patuloy pa rin at di maapektuhan ang operation ng Bitcoin. Ang fear lang naman dito eh baka sa kadahilanang kaunti na lang ang mag-mina ang resulta maging centralized na to...na syang unti-unting nangyayari sa ngayon.

Pero di ko na muna iisipin yan masyado kc theoritical lang naman ang tanong na to. Bahala na sila sa panahon na yan na gumawa ng solutions sa mga problemang kanilang hinaharap...yan eh kung sa panahon na yan eh buhay pa nga ang Bitcoin kasi di rin natin alam baka bago mangyari ang mga bagay na ito eh wala ng taong nabubuhay sa mundo at mga robots na lang ang gumagalaw sa mundong ibabaw.

The rejection by SEC on the Bitwise Investments ETF proposal is not surprising to me as the odds are really against it. I think that SEC for now is not inclined in any way to approve of such a platform due to the many grounds cited in the decision which had been the same reasons for the rejections of other ETF applications in the past. To the SEC commissioners, this is not the right time, the market is not really ready for ETF and there is no adequate infrastructure and parameters in placed to counteract possible manipulations and frauds. Surprisingly, there seems to be no pull on Bitcoin by this negative decision and this means that we are all past waiting for any ETF approval and in reality ETF does not matter at all as the whole industry has already moved on without it.

Read more of this latest news on ETF here...

Just what I expected and been saying days ago, there is really no chance for now for an ETF approval by SEC. No, not this time as the government seems not to be on the mood to work with the cryptocurrency industry and crypto-related businesses we have around, and definitely not this time when the issue of Libra is on the limelight. Officially, however, it is the possibility of fraudulent and manipulative acts and practices or rather the fear of them is cited as ground for the final decision.

How will this another ETF rejection influence the Bitcoin market? Right now, it seems that it does not care at all. Actually, this ETF proposal by Bitwise has never been too much on the radar of Bitcoin and is never a factor for any pump before so this might as well go silently without any ceremony at all.

Better luck next time, guys!

UPDATE on BAKKT

Though it is too early to conclude on the fate of Bakkt, things are not doing well with this platform even after two weeks of the launch. People are getting to be skeptical if it can be able to reverse the situation it is in and some are analyzing that maybe the institutional market is not after interested with Bitcoin-settled contracts and maybe they preferred cash. Here is a tweet that summarize things for Bakkt:





This was published 10/07/2019: Since its launch, Bakkt didn't show expected results. Last 4 days the amount of Bitcoin futures didn't exceed 50 contracts — everything is that bad? Two weeks after the launch, Bakkt never showed an increase in trading volume, and the last 4 days the number of contracts does not exceed 50 units, as evidenced by the tweet on the official page.

When a reverse Hands of Midas is being a topic these days, I am sure that what happened in Bakkt can be one of the most popular and glaring example. But then again, let's not still give up on Bakkt as a miracle can possibly be coming...who knows? 

Maybe what we also need especially those of us here in the Philippines is a stablecoin backed by Philippine Peso but if I am not mistaken UnionBank has already launched something like this. We are in the era of digitalization so that I will not be wondering if countries will one day also digitalized their national currencies just like China will gonna do soon.

Stablecoin is playing a very critical role or tool especially if one is regularly trading. So how does the creation of a stablecoin can let anyone escape the burden of regulations? Let's talk more about this.

Of course, it is quite a laughable thing if some people will be insisting that Bitcoin is just like the tulip mania that happened centuries ago. There is nothing in tulip that can resemble like Bitcoin. Bitcoin is an innovation in technology while tulip is a beautiful flower and not matter how unique or exotic a variety of a tulip can be it is and will always be a tulip forever.

Officially, Bitcoin should not anymore be considered as a bubble. Its colorful 10 years history should be telling us that this is the one that will be sticking for many generations to come. Bitcoin is here to stay no matter what doomsayers can be saying. Bitcoin has been declared dead many times over but here it is alive and kicking.

In case Bitcoin miners will only be relying on transaction fees then I think many of them will be getting out of business as there is a big possibility that the whole enterprise may not anymore be profitable (especially as compared at today's numbers). Now, I know that 2140 is quite a long, long way ahead of 2019 and I am sure all of here in this forum can already be gone to the "kingdom come" so personally this concern would not bother me at all. But then again, there is a possibility that fewer miners will continue doing business and then transaction volume have gone to the stratosphere already.

Okay, thanks a lot for asking this question. Your question can be answered in different ways. One, if you are asking as someone who is looking for the best time to be a part of the Bitcoin bandwagon then look for the opportunity when Bitcoin can pulled back some more maybe around $7,500 that is if that can be possible. Two, if you are asking as a Bitcoin holder and you are looking for the opportunity to convert your Bitcoin into cash then i would say wait for the time when Bitcoin can be back at the $13K zone or better yet wait for it to go a big bull run in 2020. Third, if you are asking this question because you are just curious and maybe have nothing in mind to ask then I would say today's average is the best you might be looking for.

Bitcoin can be an alternative financial and banking system and being not under the direct control of the government this will naturally attract a lot of opposition however Bitcoin has now grown to the point when it is already impossible to stop it technically and technologically. Yes, the government can instead institute regulations on its trading and the businesses that can sprout out of it but not directly on Bitcoin (and this is a welcomed move, by the way).

The way I am seeing it now, this is the reason why the government has to strongly opposed Libra because this is their opportunity now as Libra still has to publicly open its doors. Of course, we know that within the Bitcoin community a strong and critical number of us are also expressing strong dislike with Libra all because this is centralized and not really a real cryptocurrency (meaning on the same level as that of Bitcoin). Good for Bitcoin bad for Libra.

What happened to the Punjab Maharashtra Co-operative Bank (PMC) in India can also be happening elsewhere. This can be so unfortunate as the banking sector forms one of the many critical pillars of any country's economy. Destroy the banking system and we all effectively put the whole economy on chaos and turmoil which can all lead to recession of the economy and the shrinking of the GDP. People manning the banks are not holy angels so they are under the pull of human nature and that is greed. There should have been strictly implementation of regulatory laws covering all the banks and red flags should have been reported earlier so as to avoid the things that pushed PMC to bankruptcy. The problem comes in when the government has no strong political will to mend the broken ways a bank can get into. Now, those in the government and regulatory bodies should not be wondering why some people are really clamoring for innovations and changes that they are finding in cryptocurrency.

This is a very good story of how 1 Bitcoin was eventually rolled up to become 32 Bitcoin in terms of value with the help of the Nano coin. The year was, of course, 2017 which was the time when many of the existing coins and tokens made their colorful and exciting ATH. No wonder many of those who invested at the early part of 2017 made a killing just months after when the bull run got into its course.


As for a portfolio, I know of a friend in social media who got almost $200,000 in Ethereum but unfortunately after that the Eth went into dips and now I think his portfolio is just around $30,000 if I am not mistaken (actually he sold some of his coin last year, that is why it declined a lot). As for me, I only have a minuscule amount of Bitcoin, Ethereum and some shitcoins too (from bounties, of course) and total value can be negligible but I am planning to add more this year in preparation for the halving next year and expected ensuing bull run.

Thanks for taking the time to expound on something which can be a controversial involving the king of all exchanges: Binance. I am sure that Binance can have an explanation for this and we need to get their side of the story so we can have a bird eye's view of the problem. Manipulation of data in any form and for whatever reason is something that we should not allow to take a root in this industry. No tolerance for that no matter if the one involved is a big name in the industry and in fact we should expect them to be above board all the time.

Cleaning up our acts can have a long-term effect on the industry's viability and can be helping or encouraging many people to be part of us here. In case it is necessary to sue Binace after a good investigation so be it but of course, we need solid and fool-proof evidence at hand otherwise we can just be joking and can be accused of just seeking some publicity mileage.

This is expected as the government is making sure that the industry will not be run by scammers and frauds. This is money involving here so either the ATM has to pass the regulatory requirements of a money exchanger or as a pseudo-bank which can be stricter and tighter to pass. Implementing the legal guidelines is for the sake of the consumers so they will not be hoodwinked into money scams or similar schemes which might use the ATM business as just a front or as a magnet to attract victims. However, no matter how strict, there will be some that will really qualify to do business. A good idea is for the government to approve a franchising scheme where those who are interested to be in the Bitcoin ATM business can be under a big operator but as always strict implementation of the rules must be observed. There is actually a big potential of this business and years from now there is a big possibility that some banks are already leading this industry.

There are times when I do not fully agree with someone who is proposing something big just like a Crypto District and not only that but in the middle of New York City. Now, I do not usually laugh at dreamers because there are the people that keeps the flame of innovations and changes alive. However, to dream has no limit actually and it is free so anybody can do it regardless of financial condition, race, religion, gender or whatever human limitations. But then since we are living in the reality, there is a need to dissect the big dream into smaller digestible parts so we will not be overwhelmed. I am suggesting that a project proponent made  a specific program of works where the details are expounded and ideas on how to achieve things are explained. I am supporting your dream and hope that years from now it can be a big reality.

Good to see an "expert economist" here on the forum dishes out good predictions that anybody can or may not believe at all. I am sure there are many here in this forum who can agree some of your points presented but a lot seems to go with the other side of the fence. We all have our own analysis on the global economy but one thing that majority of economists may agree is that there is a big degree of weakening in many big countries that pushed some to warn about global recession that will surely affect all of us. Now, it would be good if we can also connect this with Bitcoin or cryptocurrency...does recession man that Bitcoin can go dump or will it be helping its price go upwards since many will be interested to use it as a store of value protecting their assets?

That can be around $15 which is really where BNB is right now. Though this is not a bad price for the BNB, we know that it successfully broke through the $30+ level before and I think it was on its way to the $50 zone and then it started to make some pullback which is the same pattern that Bitcoin also took. The ATH of BNB was $39.68 according to this site.

BNB is considered to be the new Ethereum and many are looking at its great potential and there are those who are thinking that it can one day rival with Bitcoin. In terms of possible potential of growth, BNB has it and the dip it is experiencing right now can be temporary. I am advising you to look how much is the level of support for BNB and then decide if this can be the right to inject yourself into it. I am sure that soon, BNB will be back and will go even beyond its ATH.

The concept and the very idea behind this project is quite noble and in the era where information can be valuable it is going to be education that should be serving as its solid foundation because information can be worthless if we don't know how it should be gathered and vetted so that they can be serving well its purpose. There will always be a big demand for knowledge and this is what LEDU is trying to capture. However, things can really hinge a lot on its developers and marketers. The infrastructure should be good and should be capturing what its users need and demand and the same time the message of the whole project including its benefits and advantages should be communicated well to a large audience. In the face of a fierce competition, this is where many projects falter a lot. Let's see and hope that LEDU will soon be a leader in the industry it is in.

In 2016, I officially entered the world of Bitcoin and cryptocurrency and I think Bitcoin was still $500 more or less at that time (sadly I did not buy as much as I can because I failed to see that Bitcoin can soon go parabolic). That year there was also a halving. I was thinking  at that time that halving means that the price or value of Bitcoin will be cut into two. I am now smiling at this thought right now. At that time, I was then naive and really just another newbie at that time. Today, I now learn a lot on Bitcoin and what this reward halving is all about. Yes, it should be called as "bitcoin reward halving" and not just "Bitcoin halving" for the sake of new entrants to the marketplace.

Let's hope that the 2020 Bitcoin reward halving can be a good catalyst that can push the value of Bitcoin some more or maybe even be the reason a bull run can happen. This is aside from more adoption and use of Bitcoin both by consumers and merchants.

You can read more of this here...

I think it would be easy to agree with this guy in his assessment on Bitcoin and one of the potential use it can play in many parts of the world. We know that there are some governments lead by oppressive leaders who are so willing to inflict pain and suffering to their very people just to stay in power and accumulate more wealth at the expense of the future of their countries. Yes, Bitcoin can help these people though we know that Bitcoin should not be taken as the be-all solution to their political and economic problem but just a single tool one can use to maybe evade the tight control of the deranged government.

I heard that running an ATM for Bitcoin or cryptocurrency can be a good business proposition especially if one can achieve a good traffic or customers. Someone said to me that this can be a booming business and in fact there had been some crowdfunded projects that focused on this business and when I just checked one which I supported early this year I think they are doing fine. As more and more people can be adopting cryptocurrency, this industry can be booming just like the traditional ATM business which is already a permanent option for the many. Lat year, in one of the other forums where I was a member of, someone PMed me about ATM machines and he shared that he was doing business with this ATM-focused platform. Maybe you can get over with them and who knows you might like what they are offering. I don't have any personal knowledge nor any relationship with that site and I am sharing it to you here as one of your possible choices.