No one is really safe. Hackers are just a keyboard away to hack and rob all your investment. You just have to play safe and put an extra careful in all of your transaction especially if your in doubt, do not attempt to proceed to transact. There's a lot of way and legit way to transact bitcoin.

Actually, although maganda ang intensyon nung admin/moderator, mas madidiscourage kami lalo mga newbie/brand new member to participate or magpataas ng rank because of this new policy. Kasi being new in this forum, madalang talaga na mabigyan ka ng merit from other user lalo na kung baguhan ka plang.. the reason nga bakit ka sumali is to gain knowledge so wla talaga maeexpect ang ibang higher rank to gain new knowledge or info from us newbie's/brand new user.

Basically, one of the reasons why the government want to ban the bitcoin is because they cannot control and manage properly all bitcoin transactions, they can't also imposed tax which is major source of income for government.

I dont really think that bit coin can end poverty specially for those whom live in third world country.. however, it can help somehow if decreasing the situation since it can be use as additional source of income for some individual that has capability to invest in bitcoin..

Happy bitcoin-ing!!

Its a good example how bitcoin works, its like a roller coaster ride in which there will be a time that you will go up and down. The best thing here is no matter how down you will fall , you will always go upward. You just need to wait for your turn.

Happy bitcoin-ing!!

Sa tingin ko nakakaapekto rin ang magandang ekonomiya sa pagtaas ng bitcoin, since na maganda ang ekonomiya mas malaki ang purchasing power ng mga bitcoin user so dahil marami ang bibili ng bitcoin at magiinvest.. kasabay nito papasok naman at sasabay ang pagtaas ng bitcoin price. 

Thanks!! We are all praying that bitcoin will not come to an end since it helps a lot to everyone! 

As per BBC News:

A high-profile Bitcoin developer has said the crypto-currency has failed and he will no longer take part in its development.

Mike Hearn, a Zurich-based developer and long-time proponent of Bitcoin, surprised many this weekend when he published a blog calling Bitcoin a "failed" project.

Mr Hearn, who had until recently been working on new software for the currency, says he has now sold all of his own bitcoins and will no longer take part in the crypto-currency's development.

So, is Bitcoin doomed?

First of all, Who is Mike Hearn? - Mike Hearn is a software developer who has worked on Bitcoin technologies for over five years. In 2014, he left his job at Google to focus on Bitcoin full time. He has worked closely with Bitcoin chief scientist Gavin Andresen on alternative software for Bitcoin called Bitcoin XT, which aims to address capacity issues facing the network. Mr Andresen is generally thought of as next in the chain of influence over the currency's development after Bitcoin's mysterious founder, Satoshi Nakamoto.

What are the problems?
The biggest issue most bitcoin users acknowledge is how quickly new transactions can be processed.

The size of blocks being added to the blockchain has been increasing steadily with the rise of Bitcoin.

As a result, the rate at which transactions can be processed has been slowing.

Indeed, some transactions face significant delays, hampering payments.

Some fear the network will eventually become oversaturated and cease to be usable.

Me: "I hope not!"

Yeah! I think so.. it is secure even though it is not regulated by any organization or any government as long as you will be careful especially in transacting with bitcoin users..

Correct. Basically, due to the popularity of the bitcoin, many people are so eager to learn how this thing works. Resulting to the shortening of supply while demand increases.

 

Agree on that!! Since bitcoin is gaining attraction from every government of each countries.

Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past.

Factors that affect the price of Bitcoin include:
1) Supply & Demand - At a basic level, the price movements of any cryptocurrency will be driven by its availability. The scarcer a digital coin is, the higher its price levels. In contrast, a virtual currency with an abundant supply will likely experience lower price levels.

2)Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price. A higher mining difficulty means that it is harder to mine an additional unit of a coin. This can have an impact on a coin’s perceived value, and subsequently its price, as increasing a coin’s supply will require more computing power to be used in the mining process.

3)Utility - A key factor that will affect a cryptocurrency’s price movement is its perceived utility. A virtual currency that possess no practical use will likely be viewed as having no value, which may be reflected with lower market price levels. For example, Ether’s price movements can be attributed to its perceived practical utility, that being a user’s ability to build and launch their own decentralized applications on the Ethereum platform

4)Market News - Market News can also affect a coin’s price movements. Positive or negative news reporting can be a heavy influencer of general market sentiment regarding a particular coin. Media reporting about a network hack for example is likely to drive prices down, whereas, coverage about a coin’s increasing adoption can result in positive market sentiment that drives a coin’s market price upward.

Hope this helps a little! Happy bitcoin-ing!!! 

The world is becoming ever more reliant on the internet.

So, really:
It is no surprise that Bitcoin, a secure, global, and digital currency has claimed the interest of investors.

Bitcoin is open to everyone and provides an exciting opportunity to delve into an entirely new asset class.

Investing in bitcoin may seem scary, but know that it takes time and effort to understand how Bitcoin works.

Why Invest in Bitcoin?
It seems silly to some people that one bitcoin can be worth hundreds of dollars.

What makes bitcoins valuable?

Bitcoins are scarce and useful.

Let’s look to gold as an example currency. There is a limited amount of gold on earth.

As new gold is mined, there is always less and less gold left and it becomes harder and more expensive to find and mine.

The same is true with Bitcoin.

If we think about the qualities that make gold a respected 'money' or store of value, bitcoin is actually superior in many regards.