Hi All, I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world. I would like to get back into it but first I would like to find out what is cryptocurrency today. Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction Please help me catch up a little ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) You are already catch up my friend . Bitcoin as a store of value for a long term investment. They also consider it as an asset as bitcoin deposited on your own wallet. A kind of propertty , as being a commodity that you can go by trading. A currency that could be used in exchange and as a mode of payments.
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Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.
How true was that bitcoin now can be used as a mode of payments in the Philippines. So if that is really happening , bitcoin will become as one Of the world currency now functioning just like the local currency. .
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If you consider Bitcoin as a real currency, you can replace it and apply it and the world is recognizing it. You always appreciate the value of Bitcoin over time. See the Bitcoin discount as a good opportunity to buy.
Here, investors believe in the long-term value of Bitcoin. So when prices drop, they buy more. Although the market is very hard to guess, it means buy at the price lower (bid at the bottom) and as soon as the price is up. Strong discounts allow investors to spend more money to buy Bitcoin than a less volatile market, without much change.
If your current thinking is that Bitcoin will grow strongly in the months and years to come, let's all think together and there are certainly quite a lot of people out there for Bitcoin.
Some people think that the end of bitcoin is coming, everytime bitcoin price falls down. Somehow , this is a great opportunity for investors to store more bitcoins. This is always the best moment and the happy moment for investing.
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The discussion on the 2008 financial crisis happening again given we have a digitalised currency was great and I thank you for all who gave their views.
But what do you think the central bank ability is to reduce the effect of the 2008 financial crisis given bitcoin was the main currency?
Bitcoin was designed as a digital and decentralised currency . It could help economic crises due as a store of value and as a mode of payments but that does not mean it to become as the main currency . Central bank had nothing to do with the decentralised currency because of its freedom qualities. Although have the power for some exchanges.
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Ethereum has just dropped under $100. And last week we watched what is coming back for Ethereum. It tried to reach $150. For now, it does not succeed.
But what do you think ETH is ready to take back number 2 again?
Wow, what a great opportunity for many to invest now of eth. Very low , can be reached. It is still number one. Because it is the most usable kind of coin especially in digital games.
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HODL for only the brave ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) What do my friends say, I think our hopes will be rewarded! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) [/quot That is right , as long as you have patience of waiting for the bull run , the merrier of receiving such a great reward. It is worth the wait, they said. The most kiind of strategy for investment is to hold and invest more at the bearest time then sell it and release it at bull run.
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If that $2,500 is just your spare money then you are good to go with any of it depending on what's your crave and you know after conducting a research.
Basically with these questions I don't have to think about it as I'm about to say most of the time to invest and buy bitcoin. You don't have to think about it if you still don't have bitcoin but if you are an altcoin fan and you don't have a taste of bitcoin, why not take eth first?
I might suggest etherium and ripple. They are more popular and nore trusted kind of coins. They have higher value comparing to other coins next to bitcoin. They are weel known and great potentials to the world market.
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Etherum is having a very bad situation now. Nearly 50 percent reduction only occurs in a few weeks. Of course this is a very difficult thing for anyone who suffers from Etherum. This is a direct loss, but when we can think more openly, we must know that the price of Etherum is very likely to increase. The quality of Etherum has been recognized by everyone and therefore Etherum has gained a very good level of public trust. So it's not impossible that the price of Etherum will increase again.
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Do not be pessimistic .Try to become positive, to have a good vive . As of now the market is very low, time to invest more.. Just have to wait for a good timing for the price increase and sell our bitcoin
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Year 2018 seems to have the most prolonged dip from what i have seen so far. Some people had serious loss along the line; some vowed never to invest in cryptocurrency again; some sold all their assets and left. Your encounters though might seem not encouraging, but do you know that you are better of than the person that is just coming in, because of what you now know. Let go of your mistakes, but whenever you remember them, tell yourself it is not yet over, the crypto space will still get better and you will be glad you're still in the system.
You are right , the main thing was that we are still part of cryptocurrencies for better and worst. Some people just could not accept the fact during the bearest time because they are so afraid of losing their investments.
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Personally , I lost nearly 1500$ from day trading. I do buy back theory now to recover the loss and invest on potential ico's. now i am going on a slowly steady way , if we get greedy then we end up with nothing.
whats your solutions do you do for cover the loss?
Investing crytocurrencies with good potentials may help to cover up your losses. If you can only patiently wait for what they said bull run , then you can avoid losses.
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A New Year’s miracle in this bearish winter? The last trading day sent no comfort to the market at the end of 2018 as the shutdown climax overshadowed the Christmas lights. In a significant turnaround from a bullish market position, crypto expert Anthony Pompliano predicts that bitcoin prices could fall down to $3,000. Panic and emotions are playing a disproportionate role in dictating how investors and crypto traders react. All this uncertainty begs the question: Where would blockchain head to in this stormy winter? On January 2019 in Silicon Valley, an event will unite the most authoritative blockchain industry leaders, finance and banking professional, compliance experts, leading investors and blockchain enthusiasts to discuss the most influential topics and trend in blockchain sector. PLOUTOZ is delighted and honored to be invited to join the discussion as the representative of the derivatives industry。 1. Global FinBlock Forum Hero City at Draper University JAN 12th, 2019 www.finblocksummit.comThe Global Finblock Forum will be the first of its kind in the San Francisco Bay Area, focusing on the intersection of blockchain technology and finance. The FinBlock Summit will gather world-class venture capitalists, entrepreneurs, industry professionals, incubators, media platforms and regulation experts from all over the world in both the blockchain and finance industry. There will be extensive networking, media exposure, and potential partnership opportunities. Such a good start for cryptocurrencies for the year comes. Hopefully all crypto coins by their projects will come to success for the benefits of so many people.
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The sowing season may not be a friendly and palatable season but every wise farmer knows it is the best season of opportunity to get prepared for the looming harvest.The present dip in crypto market is a fertile ground of opportunity for investors to lay hold on as many coins as possible at cheaper prices to store up for the bumper harvest that is imminent in the crypto market.This market dip is a blessing in disguise for me because it affords me the opportunity to buy coins which were before beyond my financial capacity. We must be determined not be distracted by the shout in the crypto market as regards the dip but rather focus on the great profit we will get from the market .I will not quit investing because I don't want to stop harvesting. If we focus on the shout of the dip in market, we won't want to invest but if our focus is on the profit output from the market, then we will keep investing.
Right choice to keep on investing cryptocurrencies while at dip price. This is the great opportunity and great advantage for everybody to invest more coins. With all this time of low season , we always prepared for it . For at the end , when the peak seaon will come , there , you can determine the value of each coin you gathered.
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Everyone is waiting for 2019 to see the price of the coin back up, But what do you do if it gets worse?
Have great expectation for this coming year that the value of all coins will rise again. Whatever happens to the world of cryptocurrencies, still , everybody is waiting for the great opportunity that makes their investment progressive.
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What do you do with your junk coins? almost all new Altcoin don't have good prices to make a profit. Will there be a rule about a good project that doesn't produce junk coins? Disappointing. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Hard to believe now that altcoins have no value for almost a year now, disappointing , really. I still decided to keep them and wait for the right time that one day , the price will come up . As of now , the exchange of coins is not that good enough to pay for the expenses , electricity and loads that been used for promoting such projects . Sad to say that we expect nothing to it.
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IGNORANCE OF THE LAW EXCUSES NO ONE. Many Filipinos are victims of so many kinds of SCAMS because some Filipinos doesn't care about the laws. Even just a simple National Law they do not know that is why they are victimized. Like for example, before investing your money into something, we need to know the person and the company behind that investment, we must search and if we feel like we are not sure we must withdraw. We have all the right to say NO. Mahirap sa atin ( I mean to most Filipinos) do not know how to say NO. This is something we must master about for our safety na rin :-)
Para ngang malayo sa sinasabi mo sa eksplenasyon mo. Hindi malaman kung anong ibig mong iparating Hindi po sila konektado. Ang sa akin naman pag willing kang mag invest , okay lang naman, kusa mong ginawa yon , hindi ka pinilit. Kung di ka na sigurado , mag withdraw ka, walang katalo talo ang pag withdraw mo friend. Baka ang ibig mong sabihin , pag wala kang knowledge sa pag invest huwag mong subukan para hindi mabiktima ng mga mapagsamantala.
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Sa Patuloy na pagbaba ng presyo ng bitcoin, kailan kaya magaganap ang bull run? Ano na kaya ang mangyayari sa next year (2019). patuloy pa kayang baba si bitcoin o magsimula na kaya siyang tumaas muli?
Sa taong 2018 nga naman bibihira ng tumaas ang presyo ng bitcoin , medyo pababa na ang presyo kaya tinatawag nilang ang taon na ito ang the best time na mag invest kasi pababa ang presyo. Sana nga sa taong 2019 ay swertihin din tayo hindi lang sa bitcoin kundi sa lahat ng coins. Sana ay tumaas lahat ang presyo. Gaya ng sinasabi nilang pag tumaas ang cost of living ay tataas din ang sahod at sana dahil dito ay tataas na rin ang mga coins.
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Just wondering, ang cryptocurrencies ba ay may tax? Ayon sa Taxation Law ng Pinas, kapag kasi ang isangahod gaya ng mga regular na nagtatrat freelancer ay lumagpas ang kinita sa PHP250,000 sa loob ng isang taon ay may kaukulan na itong tax.
This case might be sensitive pero matanong ko lang, wala pa bang kumatok sa mga bahay sa inyo ayon sa usaping ito? I mean tax evasion. Share your thoughts and experiences, hirap kasi na parang ilegal tong ginagawa natin dahil wala naman talagang batas ukol dito
Patungkol sa sinasabi nilang tax ng cryptocurrency ay ang pag kakaalam ko ay wala na itong tax, kasi hindi naman ito fix na sahod gaya ng sinasahod ng mga regular na emplyado. Dagdag pa nito sa pag papalit ng coin at pagpapadala nito ay may bayad na sa kompanyang pinagpadalhan nila . Kasi kung tutusin sa ibang bansa ito ay may tax na kaya pagdating dito ito ay wala ng tax.
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Kamusta mga boss tanong ko lang tutal naman bear market ngayon at di ko alam kung anong magandang gawin ngayon bukod sa pagiinvest, maganda pa rin ba sumali sa mga airdrop at makipagtrade?
Suguro , ang pinakamaganda gawin ngayong bear market ay mag invest na lang ng mag invest. Kung gusto mong sumali ng airdrop ay pwede rin , maging alerto lang sa mga presyo ng mga coins. Sa pakikipag trade naman ay mas maganda kung papataas na ang presyo ng mga coins para mas marami ang kikitain.
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There are many ICO is running at the same time. Maximum ICO can't be success. So, if I invest in any ICO and if they can't be success then what will happen with my money? Will they give me back me my money or not? I am so confused. So, please kindly inform me.
Thank You Everyone.
I think ,if the ICO fails , the project fails as well. If nobody will buy ,no profit at all. No refunds for your . money. But still have chances,you can save it for future purposes.
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