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Alternate cryptocurrencies / Altcoin Discussion / Re: Tether loses 10 billion dollars
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on: May 30, 2022, 01:57:41 PM
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Investors have taken out 10 billion dollars out of tether in these past few weeks according to The GuardianYou can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgkas you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ? I doubt that they have never lost 10 billion dollars before. And how can you say that they are the whales? and if ever they are the whales I still don't think that there is something happening behind that we don't know. Maybe they are just trying to manipulate the market and take advantage on the current bear market because actually they can. Plus tether is back by dollar, and I don't think there is something happening to us dollars that make them worried. So stop overthinking mate. What happening right now is just a normal market situation every bear market.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Bear markets are a time for building, development and research
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on: May 30, 2022, 01:29:37 PM
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I saw a thread suggesting that new coins will bring big profit. This is true, however, these new projects that might bring big profit are harder to find during a bear market. This is not anymore a market where you can buy the most stupid coin similar to memecoins and profit 100x. This time we need to do more research on the project, what it does, the tokenomics, how much coins or tokens are issued and how much are emitted daily, weekly or monthly and the development team, if they are good and if they have enough funds to develop the project all throughout the bear market.
Also, it is important that you should not be wasteful with the money, bitcoins or stablecoins you have left for investing. The market might be bad for months, years or longer. Be cautious and do the research. Invest in good development teams.
Good projects are always harder to find whatever kind of market we have. The visibility of good and bad projects does not rely on the current market situation. But yeah, I agree that we should focus more finding good projects with concrete plans and development team and not just memecoins or shitcoins because they suck during bear market. Plus it is not safe to invest amd gamble in shitcoins even in a bullish market. It is recommended by everyone I assume that we should rather invest on projects that has a real plan and can stay for more than years and not just days or weeks. We should spend searching and finding gems during this market situation even though it's quite hard to find them.
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Local / Pilipinas / Re: Report: PH ranks 2nd in ‘ownership of cryptocurrency’
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on: May 30, 2022, 01:03:48 PM
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Hindi nakakapagtaka na 2nd tayo kasi since 2018 siguro marami na din nag kicrypto sa Pilipinas pero tahimik lang. At mas lalong dumami ito ngayon dahil na din sa mga p2e games tulad ng sikat ng axie na talagang nagboom. Andaming na involve sa crypto gawa ng din ng inooffer nitong scholarship. At isang tulong din dito yung pandemic, kasi mas naghanap ng pagkakakitaan ang mga kababayan natin online at ito ang natagpuan nila. At I think dagdag din dito yung pagiging isa natin sa may pinakamataas na bilang na gumagamit ng social sites like facebook, youtube etc. at ito ang mas naka impluwensya sa iba. At marami pa ding p2e games ang kinababaliwan ng iba, tulad ng mir4, thetan etc. at kahit na ganito ang kasalukuyang sitwasyon ng market, sa napapansin ko, patuloy pa rin sila sa paglalaro at paghahanap ng mga bagong p2e games.
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Local / Pilipinas / Re: Crypto taxation in the Philippines coming soon?
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on: May 30, 2022, 12:27:41 PM
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Source: https://bitpinas.com/regulation/dept-of-finance-crypto-tax-by-2024-philippines/Guys pabor ba kayo dito sa proposal ni Department of Finance sa BBM administration na mag implement na crypto tax dito sa Pinas? Eh sa akin lang ha, wala pang clarity kasi regarding sa crypto regulation dahil prone tayo sa mga scams. At isa pa kailangan i-address dito is yung incident na ma rug pull or liquidated tayo in the future at paano sila mag ta-tax sa atin dito? Ano ang opinion nyo tungkol dito sa crypto tax proposal ni Department of Finance? Maraming salamat in advance. Another way lang yan para mas malaki ang ma corrupt ng DOF. Gusto nila mas palakihin ang tax na pinapataw sa mga nagki-crypto para mas malaki din ang mapunta sa kanila. Ganun lang yan. Haha. Madami buwaya dyan sa DOF kung alam niyo lang. At kung sakaling i-approve man ng BBM administration ang proposal ay ewan ko na lang talaga. At kung sakaling tanggapin ng adminitrasyon ang proposal, at wala naman talaga na tayong magagawa, sana lang mas kumpleto at detalyado lahat ng rules sa pag implement nito. Minsan ang pinakamalaking problema sa pilipinas e, pasa ng pasa ng batas na para bang di man lang napag aralan at na assess ng maayos kaya mas lalo lumalala ang sitwasyon. Lol. Napakadaming ganyang batas, mga batas na walang namang silbi.
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Local / Pilipinas / Re: NEW MARCOS ADMIN, OPEN TO DIGITAL CURRENCY
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on: May 30, 2022, 12:03:24 PM
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Napanood ko yung ilang interview ni PBBM during campaign time, lagi niyang nasasabi yung tungkol sa digital infrastructure at kaalinsabay nito yung pagiging bukas niya sa crypto currency. Isa na ba itong magandang panimula upang ang Pilipinas at ang Gobyerno ay i-adopt ang Crypto? BBM on Crypto: https://www.youtube.com/watch?v=LcEH6O0JbXQYeah. Pansin ko din ito. Moslty and tinututukan niya is development and adoption of new technology kaya maraming naniniwala sa kanya. Sana nga lang tuparin niya lahat ng plano niya para sa bansa. Napakarami niyang magandang plano para sa pag unlad ng pilipinas at sana dumating ang araw na i-adopt ng marcos administration ang cryptocurrency at makita itong isang valuable asset na pwede mas ikaunlad ng Pilipinas. Sumasang-ayon pa lang siya sa mga new technology tulad ng blockchain at etc. pero wala pa siyang plan or kahit vision man lang para sa adoption nito. At kung sakali mang i-adopt ng Pilipinas ang crypto, sana ay nasa tama ang implementasyon nito.
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can crypto go lower than 95%
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on: May 30, 2022, 10:57:28 AM
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Most the favourite projects I have in mind to buy have already lose 80% to 90% of their value, if you are in my shoe would you start buying? I did try to buy piece by piece like 20$ to 30$ range but I still don't know if I am doing the right thing... I have these projects in mind
Those projects you have are actually not that bad and I can say that they are coins with great community as well. And since that's what you got, I think you are doing things right. Just keep on buying little by little continously increasing your holdings because that is wise on this current market situation. It doesn't matter the percent loss of it's value now because we all know the market will soon be okay. We just don't know when but I'm certain bullish days will come. And by that day, you'll be proud of yourself that you've done the right thing.
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: could TERRA LUNA go back to $1 dollar?
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on: May 30, 2022, 10:09:01 AM
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Many are pessimistic about Luna's future, but a few days ago I speculated with an investment of about $ 150 Luna, currently it lost about 30% but I was still optimistic that in the current year Luna soon entered the 100th place, it might be difficult to make Luna triumphed like before But I'm optimistic that I will rise after 6 months.
I doubt it. I have not seen any coin that recovers after a huge fall so I really doubt people that keeps on saying that luna can still recover. What is going to happen most likely is that it will stay on where it is now and stable on that price or it will completely die. The developers and the team behind will never bring back the value of Luna no matter how hard they try. So you guys are just wasting your money investing in it. It is much better that you guys just find another good coin rather than putting your hopes in Luna. There is no hope left in Luna and you just have to accept it.
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoin investments have become risky this day.
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on: May 29, 2022, 02:04:47 PM
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Investing in altcoins is always risky ever since 2017. And actually, quite much better now because in today's world the technology is more advanced and there are new kinds of tools and platforms that can help us minimize the risk and guide us toward a much safer investment. So we can still trust altcoins even with the current situation of the market. And not because altcoins are down today doesn't mean that all altcoins should not be trusted and that investors will just lose their money investing in altcoins. Actually, now is the right time to put money on altcoins, while everything is all down. So if I were you, I won't doubt altcoins rather I'll still put my trust in them even more and invest because that's why this game is being played.
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Bitcoin / Bitcoin Discussion / Re: Is it a good time to start accepting BTC?
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on: May 29, 2022, 12:18:26 PM
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Hello all,
I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?
Thanks in advance!
Maybe it depends on what kind of business you are up to and if people are also willing to pay bitcoin for whatever kind of service you are offering. If your business is somehow on the technology side then I think bitcoin as payment might be worth it but if the business you are taking about need a monthly capital and you only support it through the income itself of the business then, therefore, I think it's going to be hard. You should not also forget that bitcoin's price is extremely volatile and it can really affect the way you handle your business. But if you are willing to take the risk then why not? And if you really like to accept bitcoin, then I think it is much better if you are being paid directly to your wallet and don't use third-party services as it will cost customers additional fees which for sure they are not going to like.
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Bitcoin / Bitcoin Discussion / Re: Elon Musk won't save Doge or Bitcoin this time
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on: May 29, 2022, 11:46:06 AM
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Elon Musk won't save Doge or Bitcoin this time I don't understand why we need anyone ( elon musk) to save bitcoin while it survived when elon wasn't richest man or he had no idea about it. Yeah. We don't really need elon musk because bitcoin can survive and will always survive without elon musk. And yes, elon musk can bring hype to coins like bitcoin or dogecoin, but all of that was just market manipulation for his own gains and he doesn't really care about bitcoin. His way of manipulating the market and the people are too obvious and believe me, it won't always be good. And to be honest, I don't like elon musk to be in cryptocurrencies because all his doings are for his own good and for him to become richer and expand his businesses. Lol. So yeah, I agree that we don't need elon musk, and we should also not like him messing with bitcoin. Let him mess with doge who cares but not with bitcoin. Because we should not also forget the part where elon is one of the richest men in the world and one of the most influential ones in social media and is way too powerful so he can still manipulate things around so you should not like him messing with bitcoin.
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will the market rise in June
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on: May 29, 2022, 09:35:17 AM
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Which coin will be ready to buy. It is time to dump the all coin. Can you expect the market to do something good in June. What do you say.
It's really hard to say whether the market will do good in June to be honest and no one can actually predict the next possible move of the market. Though I haven't seen yet a strong indicator that there can be a bearish trend in the next few months still that doesn't mean it's time to dump our coins. Lol. What kind of investment is buying high and selling low. One good strategy to become rich is to keep on holding our good coins and never sell at lost especially in a bearish trend market. Just be patient and wait for the next bearish market, and don't keep thinking when will the market recover else you are just stressing yourself.
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Alternate cryptocurrencies / Altcoin Discussion / Re: New coins bring a lot of big profits
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on: May 28, 2022, 11:50:15 PM
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This is not always true. Yes some new coins might bring large returns but it depends on the project and it's utility. I've seen a lot of new projects since 2017 and not all of them turned out to be successful even leave investors in a total loss. I've earned large profits on newly launched projects before and lost a lot of money as well. There is a much higher risk on a newly launched projects and you should always remember that. Be sure to always do proper research if you want to jump on one of them. I quite stay away on new projects now so I cannot recommend anything but you should always look for a project with a transparent team to lessen the risk.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Bear Market Can Be A Waste Of Time or Useful Depending on How We Approach It
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on: May 28, 2022, 02:10:12 PM
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The funds required for the startup to begin will not be there, investors will not fill the presales, and scams will rule.
I just don't agree that scams rule in a bear market. There are actually more scams during a bullish market based on what I have experience ever since. And yeah, what is happening right now depends on how people approach it. Some will and leave and few would stay, only few would invest on startups presales or launches but what more important is what does the project offer or what is their utility. Because a strong project with an amazing utility will stand whatever kind of market it is up to. And this bear market will always turn to be good for those who stays and put their patience and hope on each of their respective projects and it will never be a waste of time.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Time to put money in ETH?
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on: May 28, 2022, 01:35:16 PM
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Is it a good time to put some money into eth, or is it falling more?
We are still in a bear market right now and I haven't actually seen a strong proof that there can be a bullish market in a few months so I assume that eth can still fall. But talking about investing some money in eth, I think we are currently in the right time to invest on eth or any good coins out there while everything is down. It is really hard to wait and invest at the very bottom and no one can really tell what's the possible bottom and when will it happen. So if I were you, I'll take the chance to invest right now even if it is not the very bottom. And if it falls, just keep buying. We all know eth is a great coin and there can be a lot of growth in eth for the next few years so our investment will not get wasted.
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Alternate cryptocurrencies / Altcoin Discussion / Re: BNB or ETH ?
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on: May 28, 2022, 12:45:53 PM
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What's your ultimate choice? Or both?  I'll choose both Eth and BNB. They are very good coins as we can see even though usdc overtaken bnb for now I still believe that we are still very early at binance. There is a high possibility of bnb to reach more than 1k$ in the next few years. Same goes to eth, there is still a lot of potential and growth for eth as well. I still believe that eth can reach a trillion marketcap one day. So it is much better to invest on both because they are both good coins that we can take advantage of now on this bear market.
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Bitcoin / Bitcoin Discussion / Re: My Coping Strategy for Bitcoin Price Crash
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on: May 23, 2022, 02:32:22 PM
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As long as we are alive and breathing, there will always be hope and that's the best coping strategy for what is happening right now nothing else. Me, what I always do whenever things are not going well is simply just forget about what is happening because I know everything will be alright soon and just focus on learning and gaining new knowledge either crypto or not-crypto related. Most of the time I like reading articles, researching new technologies, and finding coins that have the potential to become something big in the future bull market. And also, I like playing games, they are stress relievers, especially if you are playing with your homies who are also at loss. Lol.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Everything stop
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on: May 23, 2022, 02:16:58 PM
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Todays current situation for Luna all my works just stop and cant belive whats going on with this scenario!! Lost too much in my life savings!! Now thinking about invest on btc at least there is no chance like 98% dump at least stable coin looking to more risky!!
The main problem of most people is that they put so much money into things even though they know the risk. You are one of those people I guess and I believe now you have learned your lesson mate. Never put your whole life savings into an investment especially here in crypto because there is a high possibility of things like this to happen even to those good and much more stable coins. I hope you can bring back what you loss and fully recover on what happened. Also, I don't think luna can ever recover so don't hope that it will and just find another good coin then invest what you can afford to lose.
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Economy / Economics / Re: Is there a place in the world you could live like a king via sig campaigns?
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on: May 23, 2022, 01:56:10 PM
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I've seen lots of entries in the Philippines in here. Yes, cost of living is very low, but if you want to maximize what you earn AND spend, I'd definitely stay away from city proper and live near beaches, preferably on Palawan or somewhere in La Union. If the average signature campaign pays about $70 a week, believe me, you can still get a decent, 1-bedroom house on these parts and still have plenty for groceries, utilities, and some beer money.
I did try it once, though with $400 a month just from signature campaigns. I managed to pull through and still have $50 to spare. I lived in Pangasinan (close proximity to La Union) and enjoyed my stay without getting hungry or even feeling like my budget of $400 will be out before I finish the month.
I quite agree. The cost of living in some places of the Philippines is quite expensive for us Filipinos already to let's say like for example in Manila, house rent may amount to 100$ to 200$ a month for a much decent place plus daily expenses like food, electricity, etc. (btw, I think we have the most expensive electricity in the whole Asia) unlike to provinces that you have mentioned even though electricity is quite expensive food and houses for staycation are less expensive plus the fresh air and all beautiful places it feels like heaven lol. But sig. campaigns still can't make us live like a king even in our provinces but at least have a quite decent way of living. A living where we can eat three times a day and have a place to stay.
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Alternate cryptocurrencies / Altcoin Discussion / Re: $1.6 billion dollars turned to $2,200 - The Luna effect on Binance Assets
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on: May 23, 2022, 11:48:47 AM
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I am not sure how Terra will help Binance, but CEO Zhao requested the project team to compensate the Binance users for this down turn.
I don't think Terra can compensate binance users for what happened because the project team is surely in a big loss too plus they are having problems with how they can further save their coin. Plus there are millions of binance users. And I also don't think luna can ever recover from what happened, for me, there is a very high chance that it will just keep on going down no matter what the project team would do. It's much better for them to just start a new project and learn from what happened and try to make a coin much better than luna and then try to compensate luna investors somehow afterward if they can.
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Alternate cryptocurrencies / Altcoin Discussion / Re: What's your reason for buying altcoins?
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on: May 23, 2022, 11:09:03 AM
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I think one of the main reasons why we people buy altcoins is that majority of altcoins are still cheap and at their early stages. And there are higher chances of getting a large amount of profit after a few months or years if the project is really good. And also, we have to accept that some altcoins are also providing solutions to real-world problems that can be very beneficial to us humans. That is why altcoins are not just coins that are in the market, they are here bringing in value just like bitcoin. So who would not invest in altcoins as well? I actually love altcoin because a lot of them have the potential to bring value to the world and not just by the profit I can make by investing in them.
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