There exist a distinction that you failed to realize.
Money or currency is something that has value due to being backed by something (which is gold) and IS GENERALLY ACCEPTED by the government of each country across the world. Money, the standard means of payment, evolved throughout the century wherein they first used coins as a representation of something that has value!
Bitcoin, on the other hand, has some restrictions and strict prohibitions in some countries across Asia. Some countries prohibit the utilization of bitcoin and they imposed rules prejudicial to its existence. All of these contribute on why its nature is decentralized and volatile (due to lack of any regulation among government agencies).

Over the past ten (10) years from today, bitcoin was created along with the blockchain technology (which has been utilized as its ledger) by Satoshi Nakamoto in order to cater for more security, less inflation and for convenience. Bitcoin has been the reigning cryptocurrency and its price has been maximized by investors in order to earn short or long-term income. Though some altcoins are showing potential in terms of its price nowadays, bitcoin still influences the prices of most altcoins in the market, making a direct-proportional relationship on their prices.


The media has been proven to influence and attract most investors/traders into allocating their investment plan into bitcoin. It created this hype throughout the media and has scattered throughout different social media platforms like facebook, twitter, etc. This skyrocketed its price, garnering more investors and traders across the world due to the law of demand and supply (which ultimately lowered its price from around $19,000 last year to less than $9,000 today).

The question is rather vague as bitcoin is no other than an asset or a currency depending on its use. Following this description, donating money/bitcoin can help poor children in general!

Why would an underdeveloped country develop a system wherein it revolves around a digitalized form of payment if most of their population are living under the marginalized sector? This would only lead to a waste of resources and money as it may be better if they diversify their expenses into enhancing their current infrastructures for job opportunities and employment for the people. Not to mention, you said it yourself! Being illiterate is common throughout the world and introducing them a complex system of payment would only add insult to injury.
Give donation in the form of money, clothes, foods, etc. so that their government would establish schools for the youth and NOT BITCOIN.

Short answer: No
Long answer: Possibly in the future

Think of it this way, other investment mechanisms are controlled and regulated, such as:

• BANKS - The central bank of each country regulates banks in order to control inflation or support financially the society in terms of loans;
• GOLDS - The World Gold Council has been supporting and developing techniques in order to sustain the demand on gold bars across the world;
• STOCKS - Stocks are controlled by the Securities and Exchange Commission in order to prevent corporations abusing their prices and the market; and
• REAL ESTATE - Lands are mainly regulated and controlled by the government through their various departments or bureaus.

The bottomline is, most of their prices are controlled and stable due to the regulation of each department per investment mechanism. Though the intervention has caused positive impacts for security and collateral, most of these investments target the long-term aspect in yielding income.
Unlike cryptocurrencies, no regulation has been existing despite the government making rules and laws for its prohibition. People mainly invest into bitcoin due to its volatile nature which may yield an individual income for short-term compared to the others.

Regardless of the methods, techniques, math, skills or any other relevant scheme, gambling will always revolve around luck. Indeed, using probability may help you see the odds/chances of you winning or losing but you cannot control the movement of the dice. Meaning, gambling revolves around luck whether you apply some methods or not.
I am not saying that those methods would not help you as it may influence your decision whether to take the chances or not or at least mitigate the damage but you can never predict 100% accurately the control of the game.


In fact, that is the problem of most gamblers nowadays. They are stuck on this endless of loop of betting as they hope to recover their losses by gambling again but in fact, they are only worsening their situation!

There are a lot of implications actually but if the value surpasses bitcoin, then it would replace bitcoin as the reigning cryptocurrency in the market. There are a lot of factors to consider especially if an altcoin surpasses bitcoin in value. If in the price graph it showed tremendous skyrocketing of its price, then people would prefer that altcoin compared to others, thus increasing its demand and supply in the market. Basically, what will happen to that altcoin will be the thing that is HAPPENING CURRENTLY into bitcoin.
A lot of professional market/trader analysts would discuss and give their opinions, banks would shift their focus into that altcoin and governments would see it again as a boon or a bane towards the economy.


Typically, the price of bitcoin is directly proportional to the price of altcoins. So when the price of bitcoin increases expect the prices of altcoin to increase most of the time. Though sometimes there are occurrences where the price of an altcoin increases while the price of bitcoin decreasing. But you are right that it would be difficult for some altcoins to catch-up with bitcoin in terms of its price.

Technically, both have their own advantages and disadvantages but I prefer engaging into campaign signatures compared to trading due to these various reasons:

• Applying for a signature campaign does not require you to have an initial capital. What is essential is for someone to have the basic knowledge of cryptocurrency in order to support this forum and help others while earning at the same time;
• Though trading might be considered profitable as you may earn large amounts of bitcoin, it is still risky compared to campaign signatures;
• Typically, you receive your payment weekly in campaign signatures and most are escrowed by trusted forum individuals and moderators which lowers the risk of scamming; and
• Anyone can apply for a signature campaign. The only hindrance that someone might encounter is the implementation of a merit system which makes it difficult for forum individuals to rank their accounts.

For its disadvantages:

• Most campaign signatures last for about 2-4 weeks depending on the ICO launched with its limited timeframe;
• Most accounts across the forum are spammers and trash repliers, which defeats the purpose of this forum on helping individuals;
• The income that you receive are bitcoins, but is lower compared to the income you receive in trading; and
• If you violate any of the terms stated in the campaign, your account is subject for review which has the potential of earning a negative-trust from a DT membeer of the forum.

A lot of implications can be seen to this move. As you mentioned, Germany, one of the leading economic leaders in the world, may contribute to its price in the market due to its legalization and utilization in the country. Since an economic leader has approved of bitcoin being used into its transactions and payment, it may influence other countries as well to follow this move, thus increasing the price of bitcoin significantly.
In adherence to this implementation, this is a huge step forward to the cryptocurrency world as the government of Germany views 'bitcoin' as a LEGAL means of payment. It cohered and harmonized with their laws and this implies that countries may soon be influenced by this move.

Two opportunities but two different subjects that require extreme consideration and thinking. Here are my opinions on having a stable job vis-a-vis focusing into cryptocurrency:

STABLE JOB

• Having a stable job makes you financially settled as you receive monthly wages;
• There is consistent pay and you have the option to be promoted;
• It enhances your knowledge in the workplace and you learn different techniques and skills along the workplace; and
• You develop friendship and connections along the way due to the diverse culture you take part in.

CRYPTOCURRENCY

• The income that you receive can skyrocket depending on the amount of money you risk;
• You control your time and work. You have the prerogative to control your lifestyle without anyone dictating you what to do;
• You are in your dwelling, resulting to a more comfortable workplace; and
• You get to know by experience the tricks and trades of trading/investing.

The problem with focusing into cryptocurrency is that, you are dealing with risk. Let us say that you invest/trade an amount of $1,000 and the prices of bitcoin suddenly decreased. Now, you just lost $1,000 or at least most of its value. The income that you receive in bitcoin is not stable as its volatile nature explains why. You may consider it as a 'high-risk, high-reward' kind of payment.
With the job offering overseas, you get to be separated with your family and relatives and you have to continuously grind in the workplace in order to at least get promoted. You have to follow the company policies and observe stern rules and regulations.

Personally, I would choose to go overseas and focus on my investments at the same time. It is like killing two birds in one stone!

This is what I am talking about when one is stuck on an infinite loop, wherein you are trapped into the illusion of recovering your losses through gambling. Meaning, the cycle of gambling is never ending. When someone wins in gambling, they tend to gamble more and if they lost they gamble AGAIN hoping that they could recover their losses in a similar manner. Your attitude towards losing lacks self-discipline and control as you do not know WHEN and HOW to stop.

I do not blame you though, as it may be really difficult to exalt yourself from this addiction but you need to fathom that gambling will only make your situation a lot worse from before. Consider your losses as something that cannot be regained and move-on to a next chapter in your book.


Quitting in gambling is a lot harder than it sounds. It requires a mature and strong mental attitude since as you depart from your addiction, the though of going back kicks in and tempts you to continue it. Sometimes, intervention is the formula towards the cure for addiction.

Every process and development has to start on something and every technological innovations take advantage of the primitive platform in order for it to exist! For the postal industry, it was considered that sending mails through a post-office takes too long for a person to receive such message (not to mention the cost!). With the existence of the internet, the postal industry became slowly obsolete as sending mails were replaced by the electronic mail (also known as e-mail).

In connection with bitcoins replacing bank, I doubt it. Banks, headed by our respective central banks, were created for the regulation of currency and inflation control. The term 'currency' is the standard payment used in transactions since every country accepts and views it as something that has value depending upon the gold reserves of each country. For bitcoin, its value is determinant upon the law of supply and demand and is very volatile in nature.

Though I doubt that cryptocurrencies would replace banks, there is still the possibility of such scenario happening in the future especially when we discover and maximize the use of the blockchain technology. Perhaps in the future, we may utilize the blockchain technology for replacing our current payment system into a digitalized form of transaction.

Diversifying your investments by allocating them into different sectors can reduce and mitigate the damage once the market falls. Though there is also the potential of all the prices of cryptocurrencies decreasing, it reduces the risk of losing all of your resources in the event of a market crash.
Another thing, establish your investments by differentiating each either for short or long-term since some coins are profitable for short-term only. Bitcoin, on the other hand, depends upon your goal as its volatility calls for short-term but its price calls for long-term.


People should invest the amount that they are willing to lose. Investing, in general, revolves around the nature of risk and you should understand that there is always the potential of losing your resources depending on the situation around the world. Likewise, this also depends on your financial status if you can handle the dumps. If you think that you need cash due to an unprecedented situation, then withdrawing them might be the obvious choice.

This is the ideal situation for almost all countries, as having a digitalised form of payment can provide steadily convenience, accessibility, and security among the society. Adapting bitcoin as an international currency in the world may seem beneficial and ideal as the benefits it provide have no limits with regards to the efficiency and usability of it.
Though this may be the ideal situation that we dream, there are a lot of negative implications it entails, such as:

• Embracing bitcoin as the international currency implies that all countries must accept its value and status;
• The value of bitcoin is very volatile, thus making prices in the market inconsistent everyday;
• Having a digitalised payment which exists on the internet is always susceptible to hackings and scams; and
• Every country in the world has their economic standing. Most develop countries may be able to adapt to the changes but underdeveloped countries may be prejudicial into the implementation of bitcoin as a payment since they need to focus more on the development aspect of their country's infrastructure and developments in their current system.

Like what I mentioned, the world is too immature in implementing bitcoin as a standardized payment in the world due to voluminous reasons. But I see bitcoin as a gateway towards this development as it may be the platform used as we adapt to this ideal payment structure.

Username: qwertyup23
Rank: Senior Member
Current Post Count: 775
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Will try to maintain quality posts and meaningful tips for the betterment of this forum! Will humbly apply for this campaig!

Bitcoin is indeed, an asset and a property according to the Banko Sentral ng Pilipinas (Central Bank). A friend of mine interviewed a group of lawyers at our Central Bank and they viewed bitcoin, not as a currency but as a property. Therefore, bitcoin is not subject to legal tender since the country does not view it as a currency. Though it may be different from other countries as well, bitcoin can be regarded as a property due to its amount and value to the market.


Bitcoin cannot be a currency yet, as the government should accept its existence and view at as a standard medium of exchange in the country. Other countries must also confer to this stipulation as it may deemed worthless if exchanged to a country who does not see bitcoin as a currency. Though in the future, once we adapt to the digitalized form of payment, bitcoin can be seen as a gateway towards this ideal scenario of having electronic money.

If the reason for you not gambling is because of your shyness, then might as well not gamble at all. Consider that as your blessing-in-disguise as once you have the guts of gambling, then you might continuously gamble on a daily-basis. On the other hand, like what he mentioned, if in your community gambling has created a stigma towards the people then might as well avoid it.


All of us have to start somewhere and being shy is completely normal. You are still on the beginning stage wherein you adapt to the environment and observe other gamblers in order to get complacent. Though I disagree with gambling, if you feel like luck is on your side then try your chances. Just remember to have self-control and discipline to prevent any BIG losses ocurring overnight.

The price of bitcoin has been stable for like 1-2 weeks from now. It has been sitting on the $6,800 mark and only a small increase/decrease has been made. Personally, now is the perfect opportunity to acquire more coins while the prices are still low in order to take advantage of its potential price skyrocket in the future. Just to add, do not sell your bitcoins on a price lowered from what you acquired them, EXCEPT when you are financially struggling. Though the decision primarily depends on your status, at least this would mitigate the damage incurred in the future.


Bitcoin may either be for short or long-term but the market has been showing some price increases on a small margin. I guess that short term investment may be the ideal thing to maximize for the realization of profits compared to long term.

This depends on the wallet provided you have in your country and also subject to the existing laws. Fortunately, the Philippines has a cryptocurrency wallet used by most Filipinos and there are options where you can convert your coins to various options, such as for online games, monthly utility bills, transportation fees, or through bank deposits!
The problem with bitcoin used as a payment is its slow transaction fees in the blockchain. There are also mining fees where you are obligated to buy and it may get out-of-hand when prices of bitcoins suddenly skyrocket (which what happened last year).


It will be accepted but be open to the possibility that it may also decrease depending on the prohibitions imposed world-wide. If on an international scale they prohibit the utilization of such, expect services to be eliminated slowly.

Being a trader, you need to actually experience in order to grasp the processes. It may be relatively difficult for someone to learn trading by just reading the theories and studies since what separates a good trader from a trader is the experience AND OPPORTUNITY. Another thing, being a trader means that you understand all the risks that you are getting to.
I know someone who is trader but only as a part-time job. From all of his earnings, he was able to establish his own book travelling business and eventually became a millionaire. But before he became successful, he risked most of his millions and losing some in the process.


It is kinda stressful, you know? Being able to predict the prices in a short-amount of time, keeping your soul and mind together when you lose most of your investments, and having tremendous patience when waiting for the process to mature are one of the things that a trader has to go through!

Yes and no.
Indeed, it may be the best time to gamble as the prices are low in the market but the nature of gambling revolves around luck and odds. Despite having the prices low in the market, gambling is very unpredictable as the profit that you gain revolves around the odds. Not to mention, it is very contagious as one may get addicted to gambling due to the negative repercussions it give to the individual.
Lastly, regardless of its price being low on the market, if you cannot control the urge of gambling you will eventually lose most of your resources.