~snip
Parang tatagal pa yung problema natin sa fees tuluyang bumaba yung hashrate according sa bitinfo nasa 86-103 exahash tapos sa btc.com 95 exahash yung average. Sobrang taas ng regular transaction fee kanina parang pumalo sa 50k satoshis yung huling transaction ko pero kahapon nasa 20k. Ngayong umaangat ng konti yung presyo parang senyales ito na aakyat yung unconfirmed transactions sa 100k. Bitcoin Mining Total Hash Rate Bitcoin Mining Total Hash Rate from May 11 to May 16 May 11 - 125.69 TH/s
May 12 - 116.884 TH/s
May 13 - 95.268 TH/s
May 14 - 91.265 TH/s
May 15 - 100.072 TH/s
May 16 - 100.872 TH/s
Average Transaction Fees in USD Average Transaction Fees in USD from May 11 to May 16 May 11 - 2.547$/transaction
May 12 - 2.789$/transaction
May 13 - 3.305$/transaction
May 14 - 5.208$/transaction
May 15 - 4.955$/transaction
May 16 - 3.435$/transaction
Number of Confirmed Transactions per Day (in thousands) Total Confirmed Transactions per Day from May 11 to May 16 (in thousands) May 11 - 321.91k
May 12 - 319.015k
May 13 - 321.321k
May 14 - 316.093k
May 15 - 305.063k
May 16 - 303.776k
Tandaan na hindi lang total hashing power ang nag-dedetermine sa presyo ng network fees sa Blockchain, malaking factor din yung dami ng transactions kada araw at yung number ng users na willing to pay ng mas mataas ng transaction fee para mas ma-prioritize yung transaction nila. Kung titignan mo yung mga charts na binigay ko during May 11- May 14 kaya tumaas yung average transaction fee dito eh kasi sabay na bumaba yung total hash rate natin at the same time madami pa ding Bitcoin transactions na nangyayari, ang naging resulta nito tumaas yung network fees parang demand and supply ang nangyari. Demand (number of Users doing Bitcoin transactions) and Supply (Total Hash Rate) so pagka tumaas yung tao na may Bitcoin transaction habang bumababa yung total hash rate ay sure na magreresulta sa pagtaas ng network fees. Pero looking sa last two days ng chart (May 15 - 16) makikita naman natin na bumababa na ulit yung network fees gawa na din ng konti pag-taas ng total hash rate as well as ang pag-baba ng nangyayari na transactions sa Blockchain. Sa tingin ko hindi naman longterm itong pag-taas ng network fees and dahil na rin siguro sa anticipating ng Halving kaya lumobo ito, hintayin lang natin mag-normalize ulit ang total hash rate ng Bitcoin as well as yung network activity para makita natin kung talagang na-apektuhan yung network fees ng halving. |
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If I have to pay someone who is in the philippines and is a total normie not into crypto, I normally tell them to make a coins.ph account, tell me the bitcoin address associated to their account, and send them bitcoin which they now can directly convert into php.
Convenient, but very pricey in terms of fees and conversion rate.
Any other alternative you guys are aware of?
Believe it or not crypto isn't really popular in the Philippines so I really doubt that most of the Filipinos you will be introducing the Coins.ph wallet app will see it as a convenient way of receiving payment. It may be convenient on your side but them taking some time to learn the app as well as verifying their accounts first (which is really time-consuming) through KYC requirements just to withdraw it in cash is something that they won't really like. What's popular in the Philippines though are remittance centers like Western Union where I know a lot of Overseas Filipino Workers (OFWs) use to send money back here in the Philippines. I did visit their website right now to see why their services are popular to OFWs and come to my surprise that they do have the option for bank transfers with 0$ fees. I used their price estimator page to give you an idea of how much fees you will have as well as their conversion rates for USD to PHP. Bank to Bank Transfer Bank to Western Union Remittance Centers Comparing both options on how the person will be receiving the 2000$ in Philippine Peso (₱) you can see that Western Union's Bank Account to Bank Account transfer option is a much better choice for both parties aside from it being more convenient on both sides and also having 0 fees you'll also have a better exchange rate for your money. I have some friends who have OFW parents and they say that Western Union is something they commonly use when sending money from abroad. Seeing the current average network fees in Bitcoin right now I can see that 3.99$ for their Bank to Western Union Remittance Center option is considerably cheaper the only downside for both options are the cash transfer isn't instant (4-5 business days), if you have the option to use fiat money instead of BTC I think using a remittance center should be in your considerations. |
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If you need to try so hard to earn merits, most likely baka hindi ka qualified to earn merits in the first place. Kung mapapansin niyo, ung mga ibang malalaki ang merit count sa Bitcointalk, parang ang casual lang silang nagpopost pero angdaming nagbabato sakanila ng merits. Bakit? Simply dahil mataas ang kaalaman nila tungkol sa Bitcoin to the point na magaganda lahat ng sagot nila tungkol sa mga topics kahit walang ka effort effort ang pagsagot nila.
Sa totoo lang kung magiging newbie lang ako ulit at alam kong wala pa akong ka-alaman sa mga topic na binabasa ko hindi ko talaga pag-pipilitan ang sarili ko na makisama sa conversation na iyon. Kung ako naging newbie ulit hindi ko susubukan mag-post kaagad at ang una kong gagawin is mag-basa ng mag-basa lalong lalo na ang mga reply, pagka hindi ko naintindihan mga sinasabi nila simpleng Google search lang o di kaya forum search para maunawaan ko yung sinasabi nila. Hindi ko din susubukan gumawa ng sarili kong topic pagka meron ng gumawa nito o similar sa gagawin ko dahil gagawa lang ako ng duplicate topic na parang madalas natin nakikita tulad ng "Bitcoin is the new Gold" o "Bitcoin is a Bubble", madalas na ginagawa ito ng mga newbie na gumawa sila ng sarili nilang topic pagka wala na silang ma-ipost which is a wrong move dahil yung mga topic na ito madalas na nagiging megathread na worthless ang value para sa forum. Tandaan nalang na kaalaman talaga ang susi dito para ma-appreciate ka at maintindihan ng ibang mga miyembro dito, if agree sila sa point mo dun ka mataas ang chance mo magka merit pero don't always expect one. Anyway, eto na ang iilang tips:
~snip
Katulad ng sinabi ko sa tingin ko dapat kasama sa mga rules dito pandagdag is yung mga megathread. Merits sa megathread are almost non-existent unang una sa lahat is madaming merit source if not most hindi bumibisita o nakikisali sa megathread. Pangalawa yung mga topic na ito ay common kaya nakakagawa ng mga generic answers/post kaya yung magiging mga post mo kung hindi pa na na-sagot ay may kaparehas ka. At para sa mga newbie wala kang matututunan sa mga megathread na ito kasi puro mga post na walang sense ang makikita mo dito. I would also recommend avoiding megathreads in general para ma-save niyo oras ninyo. |
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As expected, small miners will forcely to shutdown their rigs due to decreasing of their revenues. How I wish to set-up mining rigs pero as I see how it kills small miners from cost. Parang hindi ko na babalakin pumasok bilang miner ng BTC.
 The days of GPU crypto mining are long over now ever since nangyari yung pangalawang halving ng Bitcoin hindi na nakita ng mga gpu crypto miners natin na profitable yung operations nila dahil na din kulang yung hashrate output ng mga GPU mining rigs nila kumpara sa cost na natatanggap nila. Senyales na yung pagbaba ng mga graphics card sa merkado na nagsasabi na din na may nawalang demand dahil sa crypto mining. The above price chart shows yung price trend ng Radeon RX 580 which is one of the popular choice when it comes to crypto mining from around 300$ nung 2018 naging 200$ nalang sya at present. Now ang tanging use nalang ng mga gpu natin is para makapaglaro ka nalang talaga at hindi mag-mine ng cryptocurrencies. Kaya tama yung desisyon mo na hindi na tumuloy mag-mine dahil hindi ka talaga kikita lalong lalo na naka-experience na ng pangatlong halving ang Bitcoin. If may pera kang na-ipon para mag-mine ng crypto I would suggest na mag-trade o invest ka nalang ng cryptocurrencies which is more ideal for us na late adopters. Historically speaking, hindi nagkaroon ng major cause ang bitcoin halving back when 2016. But the ATH of bitcoin reached after a year. Yung 2017 bull run season. So, as we look at the DNA of bitcoin. During bitcoin halving, bitcoin price just going sideways. But a month or a year after, we will all see how the price becomes aggressive.
That is a positive insight to the value, but if we look at the interaction of miners and traders. Malaki na namang adjustments ang gagawin para maging stable ang transactions. Kung mawawala ang napakaraming small miners, assume that fees will increase and later on, price will follow the same.
Medyo conservative ako when it comes to predicting the price movement of Bitcoin, kasi never kong ginamit na basis ang historical price movement ng Bitcoin and treat it na mangyayari ulit ito, medyo wala kasing sense yung magiging assumption mo pag ganun ka mag-analyze. Tama ka na nangyari yung bull run after a year from halving pero hindi mo naman masisigurado na ganyan din mangyayari during this time kasi iba naman yung sitwasyon ngayon kumpara dati. Most safest way para hindi ka matalo sa trade mo is wag ka gumawa ng prediction ngayon and just monitor the situation closely, wag ka maging komfortable dahil may nangyaring bull-run a year after halving. Dun talaga ako sa Fees na-aburido, damang dama ko yan eh... Hindi makatarungan tapos expect ko pump tayo kabaligtaran ngyari, mapanlinlang talaga sa crypto, di ko akalain na kabaligtaran pa ang mangyayari kung kailan makakalahati na ang mamimina after ng halving.
Tulad nga ng sabi ng iba parang kalimitan lang ang pangyayari parang walang ngyaring halving IMO, tanging Miners lang siguro ang makakadama nito ng husto.
Grabe naman yung hindi makatarungan hahaha, I just gave a chart showing kung gaano kataas yung fees last 3 years ago kaya hindi na din ako maka-reklamo sa tinaas nya ngayon. Like I said temporary lang ito and this might be due of the temporary lost in hash rate combined with a lot of users willing to pay a higher fee. Lahat ng ito magiging normal din in a short period of time. Sobrang baba pa din ng fees ng Bitcoin if ikukumpara mo talaga sya dati. If hindi kaya mag-bayad ng mataas na transaction fee I would suggest na gumamit nalang ng mga TX Accelerators, here is a guide from Zepher which I will always remember. It would be interesting to see also kung ilan sa mga small miners ang nagsara this time pero given na hindi masyadong bumagsak ang hash rate, it is enough to say na insignificant na yun. Lumalabas din na mas maraming minero ang mas nakapaghanda ngayon kaya hindi na nila kinailangan mag-shutdown. Kahit na bumaba pa ang reward, nakagawa naman sila ng paraan para bumaba ang cost of electricity na siyang pangunahing gastos sa pagmimina. Kumbaga nakahanap ng paraan at naging mas efficient na sila ngayon. Ewan ko kung ilang porsyento ng mga current miners ang gumagamit ng green energy ngayon pero papunta na siguro lahat dun. May report noong 2019 na 74% ang gumagamit ng renewable energy - Bitcoin Mining Is Shockingly Mostly Powered by Green EnergyMeron pang mga bago: Atlas Holding LLC, the private-equity firm that runs the operation, has installed some 7,000 crypto mining machines at the Greenidge Generation plant in recent months that can mine about 5.5 Bitcoins per day. The 65,000-square-foot facility in Dresden, New York, was built in 1937 as a coal plant and later converted to natural gas.
The machines work off so-called “behind-the-meter” power, which makes it extremely low cost, the private-equity firm said. It's a good thing that you brought this up dahil may natatandaan ang issue about dito. Politicians and environmentalist always point out that Bitcoin mining o crypto mining are "waste of enegy" o nakaka-dulot ng polusyon but they always fail to point out na madami ng crypto miners gumagamit ng renewable energy para sa kanilang mga operasyon. Also if ikukumpara natin yung mga ibang sources ng polusyon katulad ng mga factory, kotse, at food production di hamak na mas mataas yung nako-contribute nila sa polusyon ng mundo. Ewan ko ba baka nag-hahanap nalang sila ng rason to oppose Bitcoin o sadyang wala lang silang alam sa crypto industry kaya bato lang sila ng bato ng mga statement nila na walang basis. |
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The first day after the halving usually e mixed pa ang reception ng miners and traders alike. Gaya na lamang ng sudden drops sa hashrate na nakikita natin ngayong araw matapos ang halving. It will take a week or so bago talagang magkaroon ng uniformity sa part ng mga miners at traders: kung may tuluyan bang mawawala sa game o kung may dadagdag bang bagong player. Dun naman sa mga mining farms na currently operating at a loss, they would have to run their rigs and just expect for the best in terms of pricing--which was the case for the past few years, as evidenced by farms getting larger and larger. At sa panahon ngayon ay hindi maganda kung magliquidate ng assets dahil lahat nga ng pera ay currently on the buy side of important things. Anyway, interesting stats to see 24 hrs after the said event, pero give it a week and see the number normalize or return back to its previous state.
I don't think we can say the same thing sa pangatlong halving event na nagyari sa Bitcoin. If you think about it after nung 2017 bull run nagkaroon tayo ng 18 month bearish period at may mga miners na nag-shutdown during that time and that is just because of the price of Bitcoin being to low na hindi nakakapag-cover ng cost sa pagpapatakbo ng mga rigs nila, what more pa kaya na mas lalong kumonti na yung block rewards and at the same time we hindi pa din tayo nakaka-akyat ng 10,000$ level. Either sumama sila sa isang pool at i-accept yung maliit na kita (if meron man) o di kaya i-benta nalang yung mining rigs nila hoping to break even, ito nalang talaga ang tanging paraan ng mga small player kumita. At tama ka para naman sa mga big mining farms di din sila immune sa pagbaba ng block rewards but they do have the advantage of absorbing the rigs of miners who have decided to shutdown their operations, but they also need to do some cost cutting like using renewable energy o di kaya more efficient ASIC miners para lang kumita sila. While maraming miners ang nag shutdown due sa liliit ang total revenue nila, binance just open a bitcoin mining pool at sure they have lots of miners na mag o'operate amid the effect of halving.
Surely, miner ASICs will be upgraded sooner para mas profitable ang bitcoin mining and to boost computing power, and they should find ways sa mga lugar na mas cheaper ang electric charges para mag tagal sa industry.
Actually parang mild lang ang effect sa hash rate ang nakaraang halving at pag shut ng ibang miners if iko'compare still mas mataas pa ito sa mga nakaraang months at mas mababa pa ang na record ng hash rate this march, siguro dahil sa covid which miners is nag shut temporarily.
Kaya ko linagay yung 3 year chart ng total hash rate natin at makikita naman natin yung drop na ito kahopon ay hindi naman ganun ka significant if ikukumpara mo sa laki ng tinalon nya from 2019 to 2020. Baka yung nakita nating pag-baba ng hashrate ngayon is yung mga small miners accepting defeat at an early stage and like I said in my post ito palang yung resulta after 24 hours ng halving so hindi pa talaga natin alam kung saan talaga tutungo yung mga stats na ito, ang sure lang ako is yung pagbaba ng transaction fees pero hindi ako sure kung tataas ang total hash rate natin dahil may mga miners na sasali sa pool, hindi pa din kasi bumababa yung mining difficulty kaya kailangan din i-consider natin yun as a factor yun. |
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So mukhang hindi naging matunog sa forum natin yung Bitcoin Halving na nangyari last two days ago at natural lang yun dahil wala namang considerable price action na naganap hindi katulad ng mga nag-hype na mga crypto news media at influencers na nag-sasabi na baka magkaroon ng FOMO event dahil na din sa halving na ito and as it turns out parang it is just another day for Bitcoin. Gayunpaman kahit hindi naging exciting o eventful yung price movement ng Bitcoin may mga importanteng stats tayo dapat makita para talaga makita natin yung full effect ng Bitcoin Halving sa buong Bitcoin network. Here are some stats na naka-apekto sa Bitcoin Network in just a span of 24 hours (May 11 - 12). Pa-alala lang na yung pag-babago ng mga stats na ito in the last 24 hours might not be the same kung titignan natin yung long term effect ng pangatlong halving ng Bitcoin. 1. Bitcoin Mining's Total Hash Rate Dropped to 116.884 (TH/s)Bitcoin Mining Total Hash Rate from May 11 to May 12 May 11 - 125.69 TH/s
May 12 - 116.884 TH/s
Difference: -8.806 (-7.01%)
Isa sa mga obvious na nangyari is yung pagbaba ng Hash Rate ng Bitcoin mining sa network gawa na din ng ilan na mga miners na nag-shutdown ng kanilang mga operations kasi hindi nila kayang sikmurain yung 12.5 BTC/block na bumaba sa 6.25 BTC/block as of May 11. Dito natin makikita na may mga miners na hindi na kayang mag-operate na kikita sila sa ganitong reward kaya nag-discontinue sila ng kanilang mga operation. Most likely yung mga miners na nag-shutdown ng kanilang operasyon is kakainin sila ng mga malalaking Mining Pools so maybe yung drop of total hash rate na ito ay on a temporary basis lang, let us expect din na may mga more powerful and efficient mining rigs na dadating so pwede natin makita na tumaas ulit yung total hash rate. Bitcoin Mining's Total Hash Rate in the last 3 years Also wag kayo mag-alala sa temporary drop na ito kasi if titignan natin yung total hash rate ng Bitcoin Mining during the last 3 years makikita naman natin na pataas pa din sya at considerable yung jump ng increase nya from May 12, 2019 (52.64 TH/s) to May 12, 2020 (116.884 TH/s) which is more than double the amount (222% increase in total hash rate) kumpara nung 2019 as of last year. Palagay ko nga kaya ito nag-increase ng mabilis in the span of 3 years ay dahil pinag-hahandaan na din ng mga mining pool yung halving for 2020 which is really a big possibility dahil na din considerable yung pag-baba ng block rewards. 2. Bitcoin Network Fees Soared even before the Halving HappenedKey prices during the last 30 days May 8 - 3.175$/transaction (Highest during the last 30 days)
May 10 - 1.92$/transaction (A day before halving)
May 11 - 2.547$/transaction
May 12 - 2.789$/transaction
Siguro napansin naman natin na tumataas yung transaction cost/network fees ng Bitcoin lately? Wag na kayo magulat kasi kahit before nangyari pa yung halving tumaas na talaga yung network fees ng Bitcoin gawa na din siguro sa temporary na pag-shutdown ng ilang mga miners as well as yung pag-dami mga users na willing magbayad ng mas mahal na network fees para mas mabilis nilang mapadala yung bayad nila. Bitcoin's Average Transaction Fees in the last 3 years So how does it compare in BTC's last 3 years? Considering na nang-galing ang Bitcoin sa 54.638$/transaction na average during December 2017 sa tingin ko naman ang 2.789$/transaction natin ngayon ay pwede pa din masabi na mura. Para dun sa mga newbie na nagtataka bakit umabot ng almost 55$/transaction nuong 2017 it was caused by the 2017 bull run kasama na yung massive FOMO during that time, madaming newcomers na bumili nuong nag-hit si BTC sa All time high niya which is almost 20,000$. Paano bumaba yung network fees? Hindi ito dahil kumonti yung transaction sa Bitcoin network pero dahil na din malaki ang tinulong ng Segregated Witness (SegWit) at Lightning Network sa pag-scale ng Bitcoin transactions, isipin niyo nalang na hindi masyadong naging congested yung network nung tumolong yung dalawang ito. Overall yung increase ng network fees natin hindi dapat pangambahan dahil na din na tumaas lang naman yung demand ng mga tao na willing magbayad ng mas mataas na transaction baka na rin cause ng halving kaya ganito. 3. Miners' Revenue Drops by almost 50%Estimated Revenue (in millions of USD) assuming the Miner's Sell their BTC at current market value May 11 - 17.168$
May 12 - 8.951$
Difference: 8.217$ (-47.86%)
At dahil nga bumaba yung block rewards ng mga miner natin makikita natin na bababa na din yung revenue nila. Pa-alala lang na assumption lang ito ng magiging revenue nila pag binenta nila kaagad yung na-mine nilang Bitcoin hindi ito yung tunay nilang earnings nung araw na ito. I do think na merong mga miners na nag-hohodl din ng kanilang mga excess na BTC para na din ma-maximize nila yung earnings nila pag-tumaas ang Bitcoin. Also assuming na nag-hohodl nga sila, I have a strong feeling na ang mga miners natin ay hindi na din sasama sa mga panic selling o selling pressure na mangyayari, which means that we only have our whales and institutional investors triggering the market pressures sa kanilang mga trade.
Aside from the considerable drop in revenue ng mga miners natin masasabi ko na yung network ni Bitcoin is normal pa din at wala namang major na epekto ito sa transactions natin with Bitcoin. I would also like to point out na kahit bumaba yung total hash rate natin Bitcoin's mining difficulty remained unchanged which also means that yung drop ng total hash rate natin is not that significant para mag-adjust yung difficulty nya. Gayunpaman this are just the stats during the last 24 hours after nag halve yung block rewards, still pwede pang mag-iba yung mga value na ito in one to two weeks time. If mag-continue bumaba yung total hash rate baka lalong sumunod na bababa ang mining difficulty to compensate the lost in hash rate. |
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I personally don't use Seunjie DiceBot at sa tingin ko hindi ito yung tamang section para sa thread na ito pero since nandito na rin lamang I think makakatulong sayo ito. Yung program ng dice bot meron silang tinatawag na programmer mode kung saan pwede ka mag-adjust ng LUA scripts within Dicebot, meron silang in-depth tutorial na ginawa sa Steemit Account nila (Part 1, 1.1, 1.2, 2, 3, 4) at meron din silang Youtube channel na may guide para sa programmer mode nila. And since hindi nga ito yung tamang section para dito and baka yung topic mo hindi talaga para sa forum na ito ang mismong Seuntjie Dice Bot ay may sariling forum para dito, if gusto mo talaga matutunan mag-edit ng script pwede mo i-post yung concern mo sakanila under sa Programmer Mode section nila, nag-basa ako ng mga topic dito at mismong developers ng Seuntjie Dice Bot nag-rereply sa mga topics ng forum members so sure kang makakakuha ng sagot na hinahanap mo. |
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~snip
Maganda rin naman ang PDAX exchange sa experience ko parang normal na exchange lang din naman at marami na ding option para makapagcash-in ka dito just like coins.ph pero wala ngalang itong application tulad ng nasa coins.ph kailangan mo pang gumamit ng laptop or kaya desktop para lang makapaagopen ka. Siguro kung long term investment medjo okey siya kahit nasa exchange siya dahil legit naman ang kanilang website at maraming mga bagong feature ngayon. Ayon nga lang kailangan siya ng identification/KYC para makapagstart ka pero kung titignan ganun na din naman dahil sa coins meron din tayong KYC. First of all bakit mo kinukumpara ang isang crypto exchange (PDAX) sa isang custodial wallet (Coins.ph)? Parang hindi kasi patas yung pinagkukumpara mo since different yung serbisyo nila sa isa't isa. At mahirap din hanapan ng mobile application ang isang crypto exchange dito sa Pilipinas, yung trading platform ng Coins.ph, Coins.Pro, wala din silang app for trading at sa website lang ginagawa yung crypto trading nila. Honestly yung PDAX na ito na-impress ako nuong una kasi may kalaban na yung Coins.pro at baka mas madami silang i-offer na crypto for trading pero nung nakita ko yung cryptocurrencies na available sa exchange nila hindi ako natuwa since lima lang sila (Litecoin lang ang nadagdag kumpara sa Coins.pro) at sa tingin ko pinili pa nila ito dahil ito ay yung mga crypto na sikat o mataas yung market cap. Daig pa nga sila ng ABRA kung tutuusin yung availability ng crypto na pwede mong bilihin sa wallet nila which they offer over 100 cryptocurrencies. Also kung naghahanap ka ng mobile application itong Abra Wallet meron parang Coins.ph/Coinbase din sila. 0x (ZRX)
Augur (REP)
Basic Attention Token (BAT)
Bitcoin (BTC)
Bitcoin Cash (BCH)
Bitcoin SV (BSV)
BlackCoin (BLK)
Bytes (GBYTE)
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Cardano (ADA)
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Zcash (ZEC)
ZCoin (XZC) Recently nagloloko talaga ang system ni coins ph and maraming account ang nalocked despite of having a level 3 account confirmation so if there’s a good option for us, I’ll go for abra wallet and actually abra ang huge competitor ni coins ph and they are also here for many years. I haven’t heard any newd about PDAX honestly, so go for a safe wallet which is for me Abra is more secured if you don’t want coins ph anymore.
Hmm as far as I know yung mga known cases palang na nakikita ko is yung kay Motusora at yung kay dothebeats nung nakita ko kasi yung post ni Motusora nag-alala ako na baka palaging issue ito ng Coins.ph na nag-lolock ng account due to questionable transactions pero nung tinignan ko naman ang recent pages ng ANN thread ng Coins.ph wala naman nag-reklamo na user about having the same problem so I would say that this isn't really a common occurrence para sa mga Coins.ph users. And siguro dun sa level 3 accounts na nagkaka-temporary lock is yung mga tao na hindi pa nag-papasa ng updated KYC documents at hindi pa dumadaan sa proseso, na-experience ko na din kasi ito at binigyan nila ako ng mga 3 weeks notice na kailangan ko daw i-renew yung KYC documents ko at mag-undergo sa isang video call. Understandable naman ito kasi hindi naman sila yung talagang humihingi nito dahil utos ito ng Bangko Sentral ng Pilipinas sakanila. |
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~
2014 - 34.35₱ (39.56₱/share)
2015 - 38.7₱ (68.24₱/share)
2016 - 42.32₱ (59.90₱/share) [Presidential Election]
2017 - 40.7₱ (48.88₱/share)
2018 - 40.13₱ (35.51₱/share)
2019 - ABS-CBN hasn't released their 2019 Annual Report Yet (Current Price: 17.50₱/share)
Meron ka ba data nung sinabi ng NTC that they might give a provisional authority to operate before Sol Gen Calida intervened? Balita ko nag-spike that time. Hindi ko sure if ito yung tinutukoy mo since nangyari pa ito nung July 29, 2019 which was 10 months ago. Naging house bill pa nga ito pero hindi sya pumasa sa kongreso at hindi sya umabot sa senado natin. In terms of price increase naman based on the chart ng previous post ko makikita mo na walang naging epekto ito sa price movement ng ABS-CBN makikita mo na overall downward trend pa din sya, yes nagkaroon ng konting rally pataas until August of 2019 pero it wasn't enough para masabi natin na reversal sya. Also if ikaw ay investor sa market at hindi trader yung mga spikes na ito sa short term hindi naman ganun ka-importante eh. Ang mahalaga is if nakita mo syang undervalued para sa presyo nya at yung earning potential nya, buying it right now even if nagkaroon ka ng paper loss you will still be confident and have a peace of mind habang natutulog ka. Suggestion ko lang sainyo kung gusto niyo makakita ng official news/announcement sa ABS-CBN (o sa kahit ano pang kumpanya) I would rather go sa PSE EDGE page at hindi unahin ang mga balita na nang-gagaling sa media natin. https://edge.pse.com.ph/companyInformation/form.do?cmpy_id=114 Sa page nila puntahan niyo yung "Company Disclosures" na tab kasi dito sila mamimigay ng official statements, announcements, pati na rin financial reports. Mas magiging reliable ito kung usapan natin stocks nila dahil ito yung magiging basehan if may chance nga na mag-operate sila earlier. |
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~snip
I agree as well but the competition on LinkedIn was totally huge especially if you're not on a premium account subscription. So far marami ang mga jobs rito but mostly sa mga napag-aaplyan ko they still required to have you walk in on their company or on-site especially if local lang yung inapplyan mo. Upwork, Freelancer, Toptal and most known freelance site ay hindi mga beginner friendly or yung mga walang masyadong karanasan o experience and what I am annoyed by their site was their reviewing of application to sign up on them kasi mostly they chose those who has experienced or has lot of experience. I don't know if others experience it as well you can share it here if you have the same story. I'm not really sure kung talagang beginner friendly, pero nung nagsimula ako sa odesk years ago, wala talaga akong alam, basta nag apply lang ako sa mga easy jobs lang copy and paste this and that. Natatandaan ko pa yung unang job ko dyan, may pupuntahan ka na website na mga movies etc at may kokopyahin ako at ibigay s employer. Hanggang nag evolved rin ako, natuto ng konting skills lalo na SEO na during that time patok na patok, then mga research, tapos maintain ng website, etc. So masasabi ko na naging friendly sa kin kahit bago pa lang ako. Siguro one advantage eh hindi pa masyado crowded that time ang Odesk at maraming jobs na available. May kaakibat lang siguro rin ng tyaga at swerte lalo na kung makakuha ka ng long term at maganda gandang sweldo that time. Kailangan din kasi natin i-consider na yung Odesk is part of a smaller and old platform ng isang kumpanya. Last 7 years ago nagka-merger yung Elance at Odesk which we now know as UpWork, considering that their databases are all combined now and lumalaki na yung freelance market alam mo na na malakas na yung competition para sa mga spots. Kaya siguro sinabi na din ni rhomelmabini na mahirap makakuha ng mga trabaho yung mga konti o walang experience para sa trabaho, idagdag mo pa yung katotohanan na baka hindi pa tayo yung preferred choice ng mga employers pagdating sa mga available spots nila. Siguro before nuong nakapasok ka sa Odesk medyo konti pa kumpara ngayon yung mga freelancers na naghahanap ng trabaho kaya madami kang napapasukan na trabaho pero sa tingin ko right now hindi mo na siguro masasabi yan lalong-lalo na madami tayong nasa bahay lang ngayon due to the pandemic kaya lahat ngayon ng tao hahanap ng diskarte para kumita. |
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~snip
Wow! Cool! Congrats. Nag te trade ka rin ba ng cryptocurrency? Gusto ko na din kasi e try pasukin stock markets eh, kaso wala pa ako naka subok niyan, puro cryptocurrency lang ako like trading. Sa pag kakaalam ko less volatile sa stock market kompara sa cryptocurrency. Para sa iyo if ever naka try ka na mag trade sa cryptocurrency, ano pinaka malaking advantage pag trader ka sa stock market? Kung gusto mo mag start mag-invest (not trade) sa stock market natin madaming sikat at reliable na stock brokerage services na meron tayo and pumili ka nalang base na din siguro sa kailangan or sa convenience na gusto mo. Most Popular Stock Brokerage ServicesCol Financial - If gusto mo ng stock broker na namimigay ng libreng analysis (both FA & TA) at Stock Recommendations Philstocks - Kung gusto mo ng simpleng platform na more suitable for traders dahil na din sa "One-Screen-Do-It-All" trading platform nila. Also meron silang partnership with UnionBank na kung saan pwede ka mag encash and deposit ng funds directly sa UnionBank account mo. Other Bank-owned Stock Brokerage Services - Suitable sayo ito kung gusto mo connected yung bank account mo sa trading platform and also kung ayaw mo na mag-pasa ng dagdag na documents. BPItrade - Stock Brokerage services of Bank of the Philippine Islands (BPI) BDO Nomura - Stock Brokerage services of BDO Unibank First Metro Sec - Stock Brokerage services of Metrobank Ito yung natatandaan kong requirements para sa COL Financial at Philstocks - 2 Valid IDs (with signature)
- Tax Identification Number (for non-students)
- 5,000 ₱ Initial Deposit
Tama ka na "less volatile" ang stock market lalo na ang stock market natin dito sa Pilipinas except sa mga speculative stocks katulad ng DITO na binaggit ni akopjpuge. Payo ko lang sayo since baka hindi mo kayang i-handle ang both crypto at speculative stocks I would recommend you na mag-concentrate nalang sa mga growth stocks dahil baka hindi mo naman ma-monitor ang parehas na market. Pag sinabi kong "growth stocks" look for companies na kasama sa Small and Medium Enterprises kasi sila yung may malaking chance na lumago as compared sa Ayala Corp, San Miguel, o SM. Ito na rin siguro yung masasabi kong advantage dito sa stock market dahil may stability sya kaya pwede kong pagsabayin ang holdings ko both sa crypto at stock market kasi sa stock market pwede mo naman hindi tignan araw araw dahil alam mong wala syang sudden price movements. Naka invest ako ngayon sa DITO Telecom nakabili ako sa 1.48 pesos. Hindi ko sya binenta nung umabot sya sa 2.3 pesos nasa 40% na sana ang gain ko pero hinihintay ko kasi hanggang mag fully operational na services Nila looks promising kasi siya at may potential talaga na mag grow pa
Right now DITO Telecommunity (formerly known as ISM) is a very speculative stock as well as a controversial one, yung operations nila na dapat nag-rollout na ng 2020 biglang nag pushback ng July 2021. Bukod dun napaka maduming maglaro ang owner ng DITO, Dennis Uy, kasi sya mismo nagte-take advantage sa speculation. Nung time na nasa 3-4₱/share yung stock ng ISM siya pati ang asawa nya nag-offload ng shares na kinabahala ng shareholders nila kaya ito bumababa below 1₱/share nung Marso kasabay narin ng lockdown. Hindi ko masasabi na investment ang DITO ngayon kasi wala pa naman silang revenu na nage-generate kaya purely speculative stock sya hindi din sigurado kung mage-extend pa yung deadline nila kaya very risky hawakan ang DITO ngayon. |
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Updating my application details (post count) for this campaign. I am applying for this campaign
Username: Theb
Post Count: 3825 (Including this post)
BTC Address (must be SegWit): bc1qa5jdtpr97ft37ltjpjuz6f284lj9mruthzefp9
Username: Theb Post Count: 4138 (Including this post) BTC Address (must be SegWit): bc1qa5jdtpr97ft37ltjpjuz6f284lj9mruthzefp9 |
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Kropcoin became Crapcoin  It probably is one of his schemes to convert all the remaining cash into cryptocurrency and if the ICO happens, dumping everything and getting all the invested money by the people. Buti na lang talaga hindi na natuloy. This goes to show that there are people who take advantage of cryptocurrency to evade their financial problems. Isipin mo yun, talagang ginagawang financial instrument yung cryptocurrencies. Maganda yun kung ginagamit sa tamang paraan, hindi sa pag bayad ng mga nawawalang value. I cannot say na yung totoong motibo niya dito is to make KROPS his "pump and dump coin". Kasi if ginawa nya yun sa sarili niyang payment method for his KROPS na business siya din ay maa-apektuhan dahil bagsak presyo yung token nya. Pag linagay mo yung sarili mo sa point of view ni Joseph Calata na na-delist yung company sa stock market dito sa Pilipinas at sinubukan nya ng dalawang beses na magkaroon ng security token alam mo ang gust niya lang is makapasok sa public offering na market kasi sa totoo lang dito lang sya ulit magkakaroon ng capital after all the losses he incurred with the penalties and liquidations para sa kumpanya nya. IMHO he tried to create this ICO to act like his second "IPO" in the Philippines in the hopes na makakapag-raise sya ng funds para sa capital nya.  Proving my point na gusto niyang gawing "stock-like" yung token nya is yung statement na ito sa whitepaper ng KROPS which he said na "tokenized shares of the company" yung binibenta nyang KROPS coin. Yung presyo ng KROPS simply is tied directly sa performance ng kumpanya nya kaya hindi talaga possibleng maging pump and dump coin ito dahil sya din ay ma-aapektuhan pag ginawa nya ito. Mas naintindihan ko lalo ang importansya ng Security Token and Utility token, why it matters with the SEC.
Salamat, yan talaga yung buong punto ko sa pag-gawa ng thread na ito. Kasi as of right now na mga memorandum circular palang meron tayo sa bansa na nag a-act out na batas natin kailangan natin maging prepared sa mga ganitong klaseng pag-babago. Even with a proper law sa Philippines about sa cryptocurrency makikita mo naman na yung SEC natin meron ng understanding sa Security and Utility tokens since 2018 which is really a good sign for us dahil aware na sila sa mga different classifications na meron sa cryptocurrency. Bukod dun kahit wala pa tayong batas makikita mo na capable talaga yung SEC natin in handling cases involving cryptocurrencies, both BSP and SEC shows that they can be capable of being in charge pag dumating na yung crypto law natin. |
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~snip
Is it better to cut losses na ba or should i wait for the maturity period? . I understand the current situation and i am still hopeful to at least gain kahit man lang within 5K range dahil last year pa ako nagstart niyan. They said wait 5 years before withdrawing dahil matagal daw talaga makita ang magandang return. What are the better options maliban sa UITF? I don't have that much time when it comes to Stock Trading, I saw PAGIBIG MP2 Investment Program dahil sire ang return though you need to cash in large amount of money to gain more return. It will purely depend on you, if yung range ng pagka-talo mo within 5-10% ng capital mo I think nasa range naman sya ng acceptable na losses kung trading/investment ang pag-uusapan, pero kung mas higit pa dun yung pag-baba ng value ng hinahawakan mo ngayon dito ko na masasabi na naka-depende sayo ito kung yung talo na yun kaya mong sikmurain o hindi. Also is the fund manager/bank insisting you to wait for 5 years at binibigyan ka ng guarantee na may tubo ito? Pagka ganun yung sinasabi nila sayo I think it is time to pull your funds out surely linoloko ka nalang ng mga yan dahil kung panget na performance nila kahit down yung market ngayon what more pa kaya pagka naka-recover na yung market? Kung tinanggap mo na yung pagka-talo mo sa tingin ko mas better pa yung opportunity mo rini-invest mo yung nakuha mong capital sa stock market right now, maganda ang opportunity ng mga presyo ng big companies ngayon sa sobrang dami ng pag-pipiliin mo ang problema mo nyan kung may budget ka pa para sa investment. |
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Inaasahan ko yung dalawang scenario FOMO at panic selling pero more on FOMO dahil grabe yung pag akyat ng presyo nitong mga nakaraang linggo hindi maiiwasan yung temptation ng paglipat ng investments para sa short term profits. Imo the best scenario sa tatlo yung boring route para hindi ganun kagulo kasi pansin ko tuwing may mga malalaking galaw sa presyo naguunahan sa blocks.
Wag natin palaging hinihingi yung FOMO baka kasi hindi mo din magustuhan yung kakalabasan sa dulo. Tandaan mo that FOMO triggers a sudden increase in price over a short period of time at lahat ng nakita kong mabilis na price movement ay nauwi din sa mabilis na pag-bagsak nito, bakit? Dahil ang mabilis na price movement nakakapag-trigger ng pagbaba ng market confidence ng mga tao bukod dun ang mga whales pa ay handa na kaagad mag-offload ng kanilang posisyon at ng mga traders na may sell order na sa mga ganitong event dahil alam nila may influence din sila sa magiging panic ng merkado. Lahat ng ito ipag-samasama mo talagang babagsak ang Bitcoin dahil mananalo ang bears sa ganitong scenario. Sa lahat ng FOMO na nakita ko na after nun bumagsak ng mabilis ang Bitcoin it will always take several months for Bitcoin to recover. Funnily enough, mukhang sa "The FOMO Event" nag llean in ung markets ngayon lmao. Kahit sa 2 threads ko, mas nag llean mga tao sa "The Boring Scenario". Talagang hindi ako nag eexpect ng ganitong pump. But then again, it's just been a few days. Malalaman natin ung sagot a month after the halving siguro. For now, enjoy the pumping.  Nako, wag mo munang asahan na ito nga mangyayari, if tinignan mo yung 2016 chart sa previous post ko sa thread na ito makikita mo na umakyat din ang Bitcoin before halving at it went down o pumasok sa consolidation stage ng mahigit 164 days. Sige sabihin na natin may "FOMO" na nagaganap before halving but it doesn't mean that it will also happen afterwards or pag malapit na ito, right now madami nag-paparticipate sa market ngayon at yung price increase na nakikita natin is related sa pagbagsak ng Bitcoin dahil sa pandemic at wala talaga syang relasyon sa halving ngayon. As a trader mahirap talagang i-lock yung isipan natin sa isang direksyon lang baka dun pa tayo magka-mali dahil hindi natin in-anticipate yung mga iba pang pwedeng mangyari. |
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~snip
No doubt that the dude is smart, kahit na unfortunately apparently nag MLM daw si Calata nung earlier years niya, which I'm definitely not a fan of. Sa dami rin ng media publicity ng nakuha niya dahil sa pagiging "young billionaire", tapos biglang nag downfall ung company niya, unfortunately pumunta nalang sa kalokohan-route para mabawi ung pera. Too much short term thinking from young people unfortunately. Mukhang di niya tanggap na somewhat mawawala ung super lavish lifestyle niya. I've read articles about his early years doing MLM and apparently he is proud about it dahil ginawa niya ito nung college pa sya, and alam mo kung saan sya nag-aral? Sa De La Salle University which is part of the Big 4 universities in the Philippines, wala syang hiya hiya na nag-promote ng MLM nya kahit mayayaman mga tao dun he treated this as an opportunity kasi alam nyang may pera yung mga nag-aaral dito, dun palang alam mo ng business-minded na tao sya. Yung pera na na-ipon nya dun dinagdag nya kapital dun sa business ng pamilya nila at yung lumaki dun na sya nag-tayo ng kanyang Calata Corporation. Kaya ang nakikita ko talaga dito sa bilis ng na-ipundar nyang pera dito na sya naging masyadong careless sa mga sumunod nyang galaw, he has really no one to blame but himself in his rise and fall. |
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At, eto na nga ano kaya mangyayari sa presyo ni ABSCBN sa PSE?
click the image to see the full resolution ABS-CBN Annual Earnings (in billions) for the last 5 years (highest stock price) 2014 - 34.35₱ (39.56₱/share) 2015 - 38.7₱ (68.24₱/share) 2016 - 42.32₱ (59.90₱/share) [ Presidential Election] 2017 - 40.7₱ (48.88₱/share) 2018 - 40.13₱ (35.51₱/share) 2019 - ABS-CBN hasn't released their 2019 Annual Report Yet (Current Price: 17.50₱/share)
Sa simula palang sasabihin ko na saiyo na undervalued ang ABS-CBN, bakit? If kukumparahin natin ngayon yung stock price niya and it's earnings makikita mo na hindi nagkakalayo sila, ABS-CBN achieved its highest stock price nung 2015 which their gross revenue amounted in 38.7₱ billion pero even though naging stable yung earnings nya or somehow umangat ng konti bumababa ng bumababa yung value ng stock nya kahit naging mas mataas pa sa 38.7₱ billion yung earnings nya sa mga sumunod na taon, bakit? Kasi by the start of 2014 palang may taning na yung franchise nila eh dahil sila mismo nag withdraw ng application for renewal nila nung 2016, dito na nag start magka downtrend ang stock ng ABS-CBN. Paano ko nasabi na undervalued ang ABS-CBN? If we are plainly talking about earnings nandyan na sya, as a company wala na syang kailangan patunayan na stable yung kumpanya ni Lopez dahil in the last 5 years naging malakas yung earnings nila especially nung 2016 elections. 17.50₱/share is extremely undervalued pero yung kalaban nga talaga ng ABS-CBN dito is whether or not mabigyan sila ng renewal and base sa mga nababasa ko mukhang medyo malabo pa ito lalong lalo na wala tayong makuha straight na sagot sa pangulo natin. |
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I am calling on the creativity of our Bitcoin and Alt coin community to use their creativity to create online business for people who are currently unemployed. <Notice that I am not asking for charity, but rather a method for people to learn how to fish for themselves or to work for their money>
If you have a online company and you can afford to launch a signature campaign, please do that or create some sort of micro earning opportunity to help people to survive.
Trust me if they have money right now for a signature campaign they will have one even at the start of the pandemic. All marketing teams and project devs know that a lot of people are glued to their seats and beds and the number of activity online from all platforms such as gaming, social media, blogs, and forums have increased ever since a lot of countries have initiated their lockdown but the problem here is not a lot of them have the funds to create their own signature campaigns. All industries are affected by the lockdown and there sales/revenues are affected since they either have stopped their operation or their own customers as well are on a tight budget that they are only only spending their money on basic needs. That's why you won't see a lot of projects or sites taking advantage of the increased in online activity here in the forum because they also don't have the funds to begin one. Also I have read a research/report abour freelancers saying that the demand for them have decreased, this just shows that even the gig economy has been affected as well. |
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His case is a classic example of turning to cryptos as last resort to try and save something that has already sunk.
He was really desperate among all of the directors and board members ng Calata Corporation sa lang ang suspendido indefinitely, kahit gumawa pa sya ng bagong kumpanya basta parte ang pangalan niya duon hindi sya makakapasok sa stock market or hindi nya pwedeng gawing public yung kumpanya niya. Even if he tried to go crypto as a last resort kita naman natin kung gaano kabilis umaksyon yung SEC pagdating sa mga naging next moves niya ay walang nakalusot. Ah. I remember this dude.
Unfortunately, even though I don't want to take away ung pagiging risk taker at pagiging "madiskarte" nitong taong ito, as an actual CEO, he should have known kung gaano ka risky ung move na ginawa niya. Hindi lang risky para sa business niya, kung hindi risky rin para sakanya mismo.
Looking back in 2017, sa personal image palang niya na parang masyadong egoistic, sabi na nga bang may parang mali sa taong ito.
He was already named the youngest Filipino billionaire next to Injap Sia, ang pinaka mistake niya talaga dito is before naman maging public yung kumpanya malinaw na yung mga powers and limits ng isang CEO sa company, wala man tayong ebidensya na ginawa niya yung actions niya on purpose or unknowingly the point is he made mistakes that also lead to his shareholders losing money. Honestly maganda yung Agribusiness niya dahil nakatulong sya sa mga magsasaka natin makapagbenta directly sa supplier but yun lang nagkamali sya ng direksyon na tinahak, gawa na din siguro ng mabilisan nyang pag-angat. This kind of people should have been in bars to be honest for fraudulent acts he really did. I remember this guy especially sa agriculture aspect since I've seen mostly his YouTube videos locally about farming especially sa rice farming at sa livestock. Seen also that one on YT about the downfall of it sa panonood ko ng mga videos about stocks and how this billionaire CEO deceived his investors.
If I was the investor sa Calata Corp. hindi rin ako papayag na ipagpalit yung shares trough CalCoins because mostly that will end up the same sa nangyari sa stock shares sa PSE.
I also think that he should also be behind bars, I will always remember his name since nakapag-attend na ako sa isa sa mga talks niya before all of this happened at masasabi ko na nakaka-impress kung paano nya ginawang billion peso business ang agriculture industry at nasabi ko sa sarili ko na isa sya sa mga businessman na gustong tumulong sa mga lower class na magsasaka. Pero I was wrong and got fooled sa mga matatamis nyang salita, ewan ko nga kung gusto niya talaga makatulong sa kanila o sadyang nabulag lang sya sa pera kaya naging ganito sya. I mean from agribusiness gusto nya mag-expand sa gaming industry? Yung attempt na yun dun ko nakita na wala talaga syang pake sa agribusiness nya at ginamit lang nya itong stepping stone dahil nakita nya yung potential nito para sa iba pang industriya. |
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Background Maybe some of you have heard the name Joseph Calata (guy in the picture above) especially sa mga members dito na nag-iivest din sa Philippine Stock Market. Joseph Calata is or was the CEO of the now delisted Calata Corporation (agribusiness company) who attempted to get back in the game sa pamamaraan ng pagbenta ng "stock like" cryptocurrency aka Security Tokens. Itong kaso na ito ay ang pinaka unang kaso sa Pilipinas na involved ang unauthorized ICO offering sa bansa. What interest me in this case is it is similar to cases found in the United States na kung saan ay strikto pag-dating sa mga ICO offerings done locally involving Security Tokens, for your comparison ito yung pinaka recent na kaso ng US-SEC against Telegram which has also classified their token (GRAMs) as a security and not as a utility na unang classification nila. Hopefully na yung post na ito ay makakatulong sa pag-intindi ninyo kung ano nga ba talaga ang security tokens at bakit may mga SEC departments ay strikto sa kanilang mga offering. Beginning click the image for the news report Lahat ito nagsimula nung December 11, 2017 na delist (natanggal) sa Philippine Stock Market ang Calata Corporation (CAL) ni Joseph Calata, the involuntary delisting is due to the 29 violations na ginawa nya as the CEO and Chairman ng kumpanya. Kasama na dito kung paano niya minislead yung investors niya about them expanding in the gaming sector (casinos) sa upcoming Mactan Airport project noon, yung company disclosure na yun immediately boosted the speculative value of CAL from 2.97 ₱/share umakyat ng 4.28₱/share which is around 60% gain, the catch is yung disclosure na ito ay walang bahid ng katotohanan Joseph Calata released a disclosure based on a rumor na sya din ang gumawa. During this na-diskubre din ng SEC na habang tumataas yung stock Joseph Calata was actively trading his own shares of the company dahil na din sa price action na na-idulot ng false company disclosure nya in simple terms Calata committed insider trading using the fake information he have. SEC with the involuntary delisting set in place also ordered Calata to buy back the shares of their disgruntled investors. However Calata directly said na yung retained earnings ng kumpanya ay hindi sapat para ibigay yung minimum na 1 Billion PHP na buy back offer para sa mga investors and up to this date Calata have rejected all orders from the SEC about the buy back offer for all investors, however this lead to the alternative of Calata offering a cryptocurrencies to its investors as replacement for their delisted stock shares. Alternative Solution: Calata Plans to Convert All Outstanding Shares into Cryptocurrencies click the image for the Youtube video 3 months before being officially delisted Joseph Calata announced that Calata Corporations is going global dahil sa kanilang CalCoins offering citing in the announcement the current prices of Bitcoin and Ethereum going up in astronomical figures, sinusubukan niyang ipahiwatig na baka lumundag din presyon ng magiging ICO niya. Pag-tinignan mo yung 20:45 minute mark ng Youtube video makikita ninyo na sinabi ni Calata na "holding a token is equivalent of ownership of stocks" (take note ninyo it) dun palang mali na sya. This was a press conference designed to give solution para sa mga shareholders na magkakaroon ng worthless stock in just 3 months, Yung gusto lang ni Calata is mapapayag nya lahat ng investors to say yes para ma-distribute na nya yung CalCoins. Fortunately sa mga investors this plan died down dahil na din sa lack of interest ng mga shareholders sa proposal nya at sa paghintay nalang ng buy back/tender offer sakanila kaya hindi natuloy itong CalCoins na ito. Up to this day wala pa ding nagagawa si Joseph Calata para sa mga shares ng investors hindi nakapag-liquidate. KROPS ICO and Sudden Appearance of Black Cell Technology Inc. January 2018 about a month after CAL being delisted in the PSE bigla nalang nakatanggap ng mga reports ang SEC na si Joseph Calata ay may ino-offer na naman na bagong cryptocurrency named KROPS (KRO) gamit ang kumpanya na Black Cell Technology Inc., Upon further investigation of SEC napatunayan nilang may nangyari ngang unauthorized selling ng KROPS ICO dito sa Pilipinas. Pero bakit nga ba may Black Cell Technology na kumpanya dito at bakit sila yung nagbenta ng ICO ni Joseph Calata? Both Calata and Black Cell Technology ay nagbenta ng walang mga kailangan na lisensya o authorization sa gobyerno sa kanilang selling regardless if Utility o Security man ito. Black Cell Technology Inc. : A Hong Kong Incorporated Company based in Bulacan, Philippines???click the image to see the full resolution Base sa company profile na makikita sa whitepaper ng KROPS ang owner ng Black Cell Technology is none other than Joseph Calata. Honestly bukod sa Black Cell Technology meron ding mga tinayong Hong Kong incorporated companies si Calata namely Black Sands Capital at Black Cell Technology Ltd but since they all have similar boards at ang tanging si Black Cell Technology Inc. lang ang nagbenta ng ICO sa Pilipinas kaya for the sake of brevity tatawagin ko nalang silang lahat ng Black Cell Technology . Black Cell Technology according sa SEC cease and desist report nila ha no operations in Hong Kong but was just incorporated there, yung whole operations pa din nila is based sa Manila. Proving my point is the fact na yung principal office address ng Black Cell Technology instead of a Hong Kong address ang linista nilang address is galing sa Pilipinas specfically sa Pulilan, Bulacan. Bukod dun lahat ng incorporators ng kumpanya ay walang nang-galing sa Hong Kong lahat ay nakatira sa Pilipinas. These incorporators namely Joseph Calata, Maricar Malaki, Halmond Ong, Jose Fabella, Solilapsi are also members of the board ng Calata Corporationm in short Black Cell Technology is Calata Corporation disguised as a Hong Kong based company. Kaya siguro nag-under the radar itong kumpanya na ito sa kanilang unang attempt sa pag-offer ng cryptocurrency sa Pilipinas kasi it was done locally at hindi internationally. How did the SEC Identify KROPs Coin as Securities? - Howey Testclick the image to see the full resolution Bukod sa pag-papatunay na nag bypass nga ang KROPs at si Joseph Calata ng mga certain regulatory requirements para sa pag-conduct ng ICO dito from KYC, no license, at no authorization ang ICO ni Calata ay maitututing na Security Token base sa Securities Regulation Code (SRC) Section 3.1. Base sa depinisyon ng isang security makikita mo na ang KROPS ay isang "investment contract" na in-offer ng isang commercial company through electronic means. In simple terms pag ang isang kumpanya ay nag-offer ng isang cryptocurrency it will most likely be classified as a security token. click the image to see the full resolution SEC to further prove the point that KROPS coins are securities ay gumamit sila ng test na ginagawa galing sa United States for identifying securities and investment contracts namely the Howey Test. I will only comment on 1 and 4 since ito yung heavily disputed ng dalawang partido namely Black Cell Technology and Enforcement and Investor Protection Department (SEC). Since 2 and 3 are accepted by Joseph Calata right away SEC only needs to prove the other two para ma-kumpleto yung Howey Test security classification para sa KROPS coin. [1] Calata argued that "KROPS" ay pangalan lang ng mobile app nila at hindi ito kumpanya they also argued that KROPS cannot be considered as "Investment of Money" since ginagamit lang daw yung cryptocurrency nila as "medium of exchange". Dito nagkamali ng argumento si Calata kasi mabilis na kinontradict ng sariling Whitepaper ng KROPS yung statement niya. SEC specifically quoted their whitepaper stating that KROPS is not a mobile app pero isang "start-up company" pangalawa SEC also quoted that KROPS is on "ICO phase" quickly disproving the statement na ang token nila is a type of medium of exchange since wala pa naman makikita sa merkado na gumagamit ng KROPS as a payment method. [4] Calata argued that yung pagtaas ng presyo ng cryptocurrency nila shouldn't be counted on their side stating na ang merkado daw ay volatile at yung nagdidikta ng presyo is yung demand sa market. Another invalid argument made by Calata, SEC responded by telling that since Black Cell Technology (juridical entity) is handling the efforts at yung expected profit ng kumpanya ay ipapamahagi sa KROPS holders ay nag-papakita na nakadepende nga yung value ng KROPS sa effot ng ibang tao/entity, SEC also emphasizes that there is also a profit distribution dun sa magiging earnings ng kumpanya. Ending click the image to see the full resolution Nanalo yung EIPD (SEC) sa kaso na ito dahil na satisfy nila yung four elements ng Howey Tests it resulted in a ban of the ICO being conducted in the country sa ngayon yung presyo ng KROPS ay 0$ at hindi na din active ang cryptocurrency na ito sa kahit anong crypto exchange. It had further damage the reputation of Joseph Calata again sa mga mata ng SEC at PSE for attempting to evade the ban na nakalagay sakanya sa stock market, it wasn't really a brilliant move kung iisipin kasi dalawang beses na syang nakapag-loko ng investors once sa stock company niya and dito naman sa KROPS at yung masakit dun ang pinaka-malalang penalty lang sa mga white-collar criminals na katulad niya is either ban, fines, o penalty lang walang pag-kakakulong. It was a good thing that the SEC acted out quickly na wala pang isang buwan na ban na yung ICO ng KROPS dito kasi kung hindi baka dumami pa ang maka-bili sa shitcoin niya.
Sa tingin ko mag-kakaroon tayo ng similar approach katulad ng ginawa ng US SEC which has two classifications of ICO offerings one is yung Utility Token and yung tinatawag na Security Token which is similar to being a stock of a company. Pwede tayo mag-expect na additional regulation dito dahil may iba't-ibang uri na tayo ng ICO offerings
Kung natatandaan niyo naka-gawa ako ng post related sa ma-aaring maging batas natin sa cryptocurrency dito sa Pilipinas at buti nakita ko yung kaso na ito dahil dun sa previous post ko nag-speculate ako kung ano yung magiging classifications natin para sa cryptocurrency. Sa kaso na ito na confirm natin na recognized nga ng SEC ang Security Tokens at Utility Tokens. So dapat mag-expect na tayo sa mga upcoming ICOs done locally kung may proper licenses and documents sila on locally offering their ICO. |
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