Latest posts of: jzale

Philippines is now becoming a cryptofriendly, and this can help to boost their economy.
Despite of scams (Bitcoin Scam: https://bitpinas.com/news/php-900-million-bitcoin-scam-rocked-the-philippines/) happening around the Philippines they are still open for the possibility of adopting this technology, and the good news is Philippines is now granting a Licenses for the 3 crypto exchanges.

Here's the link: https://cointelegraph.com/news/philippine-special-economic-zone-grants-licenses-to-three-crypto-exchanges

I just hope that they will make a good regulations about this, and no politics involved about this thing.

I don't know if this is a good news or bad news in this country because currently the Philippine citizens are enjoying earning Bitcoin without tax that once regulation will be successfully created then everyone will possibly required to pay Bitcoin tax on every local exchange transaction. We just hope that the policy that will be created will be the same in Japan and Germany in which anyone that are engage in Bitcoin is free of tax.

But if Filipinos wanted to enjoy earning Bitcoin, would it be nice if they just pay the taxes then? I guess its now part and parcel of getting bitcoins, paying taxes for the government. The only drawback I see is where those taxes go? I'm pretty sure that almost all of us know how the Philippines is considered as one of the corrupt nation globally. Even the previous governments have entered a lot of anomalies and contracts and later revealed that a lot of officials in involved and raking up billions of dollars. So we don't know if the tax that we are going to pay would end up on some politicians pocket or will truly be channeled to governments project to improved the lives of a lot of poverty stricken Filipinos. So yes, hoping that the government doesn't interfere about how crypto regulations tax would go.

The establishment of CEZA is both good news and bad news to us Filipinos. Yes this is an opening for more opportunities regarding with the cryptocurrency and it's acceptance in the Philippines. This should widen the knowledge and engagement of cryptocurrency in our country. However, just like you all have mentioned about a possible implementation of tax. That is the greatest corcern for cryptocurrency enthusiasts in the country. The transaction fees and transfer fees are already a burden to us and if the tax will be implemented the we will have a heavier burden. I hope cryptocurrency engagement in the Philippines will still be tax free.

Bitcointalk name: jzale
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Bitcointalk name: jzale
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Quote from: Vova050898 on July 22, 2018, 12:58:40 PM

I think that altcoins are fully dependent on bitcoin because they are based on it and the fees are carried out on it)))

It is not wrong to think that Bitcoin's price increase can also carry out the price increase in altcoins, but you have to consider too some of the instances that triggers the increase of altcoin's prices. The law of supply and demand still can affect each individual altcoin's prices. Also there are factors like good development in the project, more exposure and adaptation of the coin, new features of the coin and etc. When Bitcoin's price increase and all of the altcoins increase then it is an indication of a bullish market which is a healthy situation. There are times when Bitcoin's price is constant but the altcoins are moving up. Sometimes Bitcoin's price goes up but would left the altcoins hanging down.

I'd suggest that you should check out LTC and BCH. They are one of the already established coins that could be profitable in this market dip. The dip is not over so the sale is also still going on. You mentioned ETH and NEO. I would also buy them during dips and I would probably stick to ETH and spend more on it. ETH has been going down and down and I think that ETH will pump hard sooner because of the really big dip since the ATH. ETH is really an established coin and also is a widely used coin for transactions.

Quote from: renchan on August 07, 2018, 01:29:35 AM

They seem biased to me. A friend of mine who's doing an ICO told me that they paid 10ETH for 5 quality ratings and that's that! I noticed that some ICOs with good project, team, and good social media presence are struggling with getting good reviews.

With all that said, should it still be a factor to look at when investing in ICO?

Yes, for me those ICO ratings provider is one of the factors to look upon when you scout for good ICOs. You just need to compile and compare each provider's review for a certain ICO that you are interested. By doing that process, you can get a gist of the good points of the project. Next thing you can do is do a manual review yourself of the specifications and compare your review to the ICO ratings provider's results.

It is true that some projects are paying to get a very good review to position themselves in the most anticipated ICOs. That just mean that they have the funds to advertise and have the initiative to market their project further.

Most of the ICO's now requires KYC procedure and it is the new standard of ICO's in 2018. There is not much you can do about it since it is a necessity to pass it to avoid multi accounts and abuse the bounty program (bounty hunters). It also a security for the company to know their clients and participants to avoid conflict of interest. Still, participating on ICO's became more risky for investors since this kind of procedure can lead to identity theft. That's why we should always be careful and take time to research on a specific ICO that we want to participate.

The trend since the peak on 2017 is going down. There were few bumps and ups but still it is a down trend. This month the lowest price of ETH was around 400$ and now having a resistance not to go below 400$. Consider the trend of the whole cryptocurrency market. Bitcoin's price goes down and most of the other coins goes with it. Bitcoin has fallen down again since it reached the 8000$+ mark. If Bitcoin will fall down deeper around 3000-4000$ then we can expect the price of ETH around 200$ too. Also the people are more focused on Bitcoin, the attention falls off even though there will be a significant update to ETH.

Btctalk name: jzale
Rank: Full Member
Current post count: 744

Quote from: The Pharmacist on July 22, 2018, 06:19:49 PM

Quote from: jzale on July 19, 2018, 01:48:26 PM

The auditors/bounty manager accused me with multi-accounting and they are going to give me a red trust and not pay my bounty reward.

Care to name who you're talking about? There's not much that can be done either way, but someone might be able to call his attention to this thread and perhaps he can address it here--but I suspect you don't want to call attention to yourself.

I'd say just move on and find another bounty. The threat of negative feedback was probably an empty one anyway, and most bounty managers, to my knowledge, don't make false accusations so as to deny payment and/or blacklist members. Either way, I'd be interested to hear his side of the story.

The Admins and project's team doesn't want to reveal the auditor's BTT account because the auditor wanted it to be private. These "Auditors" are a group of active and trusted members here in the forum as they have claimed. I'm waiting for the ANN thread for the result of their investigation. If they don't present any credible and solid proof for their accusations then would you lend me a hand to clear up my reputation?

Should we be afraid of KYC process? Partly yes. You can never trust the digital world even if it seems to be trustworthy enough. Have you ever heard of data leaks and system breaches? Yes, your precious data taken and use it for heinous activities in worst case senario that could ruin your life. On the other hand, if the two parties have transparency to each other then there is a lesser risk for being victimized of scams and identity theft.

Quote from: OSEIBOATENG on July 18, 2018, 06:03:45 PM

Looking at how BTC is and its ability to increase, I have seen people posting all all over the forum that can I buy now, is this the right time to buy and many more. To me I think every time is the right and best time to buy BTC so we should go on and buy any amount we want to and stop all those post because when you buy now there will surely be a time to come where it will increase in price for you to enjoy it. We can buy and sell anytime and anytime is the best time. What do you think guys? Any suggestions?

Anytime is the best time to buy Bitcoin? No, not necessarily. You have to think of it more. What is the purpose you purchased Bitcoin? Is it for utilization or is it for investment? If for utilization then there is no big deal since the price of Bitcoin changes, so will the price of the thing or service you wanted. If it is for investment then you've got to get in the right time. What if you bought at a price peak then suddenly it goes down? You lost in that situation. Observe first the price trend of Bitcoin then look for a hunch. When it goes down you buy, when it goes up you sell. Take profits of the cycle. Anytime is not the best time to buy Bitcoin.