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1  Local / Pamilihan / Paylance - an alternative to on: February 08, 2018, 02:04:55 AM
Meron nagshare sa akin ng isang exchange-like service tulad ng coinsph dito sa Pinas. Hindi ko pa na-try ang service dahil bagong sign up pa lang ako. Waiting for my interview to get verified for levels 2 and 3. Ang upperlimit for level 2 is 400k and ang upper limit sa level 3 is 2M. Pwedeng magconvert ang PHP to BTC and even to USD! Anyone tried their services already? Pa-share po ng reviews. At least may alternative na sa coinsph kung na-max out na ang cash in or cash out limit  Smiley

check it out -
2  Bitcoin / Bitcoin Discussion / Regulatory actions hinting at clampdown of digital asset liquidation? on: February 07, 2018, 06:09:09 AM
after US and British banks ban credit card purchases of cryptocurrencies, would cryptocurrency users' liquidation of digital assets follow next?

could this be a measure that banks would use to restrict cryptocurrency use among the population, and a way for them to prevent cryptocurrency providers from reaching a broader investor base?

Agustin Carstens, former governor of Mexico's central bank, and current head of the Bank for International Settlements said that bitcoin
threatened to undermine public trust in central banks and posed a threat to financial stability, and he signalled a global clampdown.

“If authorities do not act pre-emptively, cryptocurrencies could become more interconnected with the main financial system and become a threat to financial stability,” he said.

so they're speaking out now. there's actual fear in his words there, and they do not want digital assets to become "interconnected" with the financial system. 

conversion to fiat would be difficult for those of us who need fiat for daily use or for emergency use.

what's your take on this and care to offer any possible solutions for all of us in cryptospace?

3  Bitcoin / Press / [2018-02-06] Bitcoin price falls below $6,000 as banker signals crackdown on: February 06, 2018, 11:14:19 AM
(BIS head says cryptocurrency is a ‘Ponzi scheme’ that poses a threat to financial stability)

The price of bitcoin fell below $6,000 (£4,300) for the first time this year as a leading central banker said it posed a threat to financial stability and signalled a global clampdown on the cryptocurrency.

The new head of the Bank for International Settlements, Agustín Carstens, said bitcoin had become a combination of “a bubble, a Ponzi scheme and an environmental disaster” that threatened to undermine public trust in central banks.

“If authorities do not act pre-emptively, cryptocurrencies could become more interconnected with the main financial system and become a threat to financial stability,” he said, speaking at Goethe University in Frankfurt, Germany.

“There is a strong case for policy intervention. Appropriate authorities have a duty to educate and protect investors and consumers, and need to be prepared to act.”

Carsten, a former governor of Mexico’s central bank, said that despite the meteoric rise of bitcoin, cryptocurrencies were merely “pretending” to be currencies and were “unsafe”, potentially facilitating tax evasion, money laundering and criminal finance.

As the head of the body that represents the world’s central banks, his comments are the clearest sign yet that global regulators are preparing a crackdown on bitcoin, the price of which rose by 900% last year, making it the best performing asset of 2017. It hit a peak of near $20,000 in the week before Christmas.

However, it has fallen by more than 50% since the beginning of 2018, as investors grow increasingly fearful of intervention by regulators.

Bitcoin is not recognised by any central bank and allows people to bypass banks and traditional payment methods to pay for goods and services.

Carstens said central banks should in particular pay attention to the ties linking cryptocurrencies to real currencies, to ensure the relationship was “not parasitic”.

His comments follow a string of warnings on bitcoin from authorities and economists around the world, including India, the US, and South Korea. Facebook has banned bitcoin and other cryptocurrency adverts on its site.

Meanwhile, Lloyds Banking Group has banned customers from using its credit cards to buy bitcoin, amid fears it could be left in debt as the cryptocurrency’s value deflates.
4  Economy / Service Discussion / Stable exchange? on: February 06, 2018, 07:40:53 AM
Bitcoin price might be taking a deep dive and we can just speculate about when a rebound will occur.

With this dip, how would exchanges fare? Would this cause exchanges to declare bankruptcy? Which of the top exchanges do you think, is stable and can withstand a really deep bitcoin price dive?
5  Economy / Speculation / best indicators to use to predict bitcoin price direction? on: January 06, 2018, 12:49:04 AM
tried to read charts using some of the indicators i used to trade forex. with some, like the basic stochastic oscillator and william's range i'm able to tell which direction price will go but some don't really work. i go to tradeblock and use some of the indicators there to tell price of some of the major cryptos. which indicators do you use which you think is best to predict price movement?
6  Bitcoin / Bitcoin Discussion / Would governments be less aversive of bitcoin if it were backed by gold? on: December 05, 2017, 04:46:25 PM
I may get ridiculed for asking this, but, if bitcoin was gold-backed or backed by anything tangible that produces value, then maybe governments wouldn't be so aversive of its use?

If, for example, bitcoin gets backed by gold, or platinum, or oil, how would it affect bitcoin price? (Believe me, while typing this up, I feel like my question sounds dumber with every character typed.... can one commodity be backed by another  Huh  Undecided. )

I believe that bitcoin can stand alone as a very valuable commodity/currency because I believe that data is valuable. But not everyone can see that or understand that idea.

The gold standard has been been ditched by many countries but many people still don't seem to realize that bank notes now are just backed by promises and goodwill.... most still believe that banknotes are not just paper because its value is tied to a precious metal reserve. sadly, government leaders, bankers, and businessmen influencing people's perceptions want to keep it that way -- so as to keep the majority from breaking out of poverty?
7  Local / Pamilihan / BTC withdrawal fee @ Exchanges on: December 02, 2017, 02:49:18 AM
Nakakawindang talaga ang withdrawal fees sa mga exchanges ngayon. Damang dama talaga sa taas ng rate! Dati 0.001 ang withdrawal fee pero kamakailan lang, tumaas na sa 0.002 at kung magcalculate ng equivalent sa pera natin, aba, tumataginting na 1,105 pesos ang halaga! Kung malaki-laki ang halaga ng btc na ita-transfer mo, walang problema ang fee na yan. Pero kung 0.002 lang ang btc mo, tapos yan pa ang halaga ng withdrawal fee sa exchange, ibig bang sabihin yung tira na lang dun ang makukuha mo or may paraan para mag adjust ng withdrawal fee sa pinaka mababang possible? Tutal kumita na yung exchange dun sa trading fees di ba?
8  Other / Off-topic / Google reCaptcha is soooooooooo annoying!!! on: June 26, 2017, 12:39:54 PM
I have gone through about 20 to 50 sets of reCaptcha images on cars, roads, store fronts, and street signs and I'm still being told to "Try Again"!  Angry Angry Angry

My goodness, it's so difficult to login to sites that have these reCaptcha verification sets and it is so annoying. I know there are many like me who can identify the items being asked correctly but why are we being asked to try again?

Some other means to verify user login should be used, and hopefully the websites that use these reCaptchas offer an alternative when three tries of the reCaptcha fails  Angry
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