Its already legal in the philippines. The thing is that it should be a means of processing a transaction and to educate Filipinos about BTC and how this BTC works.

Bitcoins are scarce and useful. Both are needed in the market.

‘Spoofy makes the price go up when he wants it to go up, and Spoofy makes the price go down when he wants it to go down’

There are a lot of platform available in the market such as Buybitcoin.ph, Buybitcoin.ph but the most popular wallet is the coins.ph

"Aside from headline-grabbing fact that virtual currencies can and are used to engage in a wide range of illicit activity (it should be noted that cash is used for many of these same transactions), there is a legitimate theoretical argument in favor of their use."


There's much more to read: Here's the link
https://www.investopedia.com/articles/forex/042015/why-governments-are-afraid-bitcoin.asp

Its has two perspective. Its either they are uninformed or mis-informed about every single investment. Its normal to be skeptical but sooner they might accept it esp when large crowd are supporting.

Everyone who are new to something might think that they're late for the trend but remember that "The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb

I'm using coins.ph because it is the most known and trusted wallet operating btc in the Philippines.

BTC is intagible asset while real money is tangible asset.

Bitcoins Are Not Widely Accepted
Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users’ transactions can be tracked.

Wallets Can Be Lost
Here's the link: http://cs.stanford.edu/people/eroberts/cs201/projects/2010-11/DigitalCurrencies/disadvantages/index.html

One thing, you cant destroy what you did not create.

Is this about price? If it is you dont have to worry cause it happen. Btc is too risky and volatile. Aside from that always remember that you cant destroy what you did not create. 🙂

It might be. As long as hindi mo sya dedeclare sa SALN mo.

Sa buyer advantage sya lalo na kung longterm hold yung perspective

My activities and post decreases by its number. How was that?

Apply the Law of supply and demand.
If demand increases (decreases) and supply is unchanged, then it leads to a higher (lower) equilibrium price and quantity.

Bitcoin is already legalized in other country, it was legalized in the Philippines last Feb 2017 by the Central Bank of the Philippines.

See the Article: PHILIPPINES! https://www.coindesk.com/information/is-bitcoin-legal/

Ohhhh yes. https://www.youtube.com/watch?v=k0HmrSfJwhU

Everything has a risk. The thing is how much you wanna risk with bitcoin. I do calculate my risk when it comes to investing at any type of financial instrument for becoming a profitable investor. High risk = high return? It depends on how much you wanna take it.

I even watched a documentary about bitcoin in a local channel.