i thought this coin was long dead. it stopped syncing wallets since early last year. was surprised to still see it trading at cryptopia though

yes, naintindihan ko yung point mo. early adopter tayo ng crypto. nabili natin ng mura at ng tumaas ang halaga, malaki ang mae-encash natin.

sinasagot ko lang yung tanong regarding banks questioning your withdrawal of 400k pesos. unfortunately, yan ang mga itatanong nila dahil SOP nila yan lalo na sa mga malalaking halaga. yan ang haharapin na balakid ng mga crypto investor na dati naman ay hindi active ang bank account.

tandaan na ang banko ay negosyo. para sa kanila, hanggat maaari, hindi lalabas ang pera sa kanila. kaya kapag malakihang transaction, kung ano anong dokumento ang hihingin nila bago nila i-release ang pera. pera na nga natin, hindi pa nila ibibigay. kaya nga nagkaron ng cryptocurrencies. para ang mga third party tulad ng banko ay hindi mapakelaman ang ay holdings natin.

kaya lang dahil nagconvert tayo sa fiat, dadaan tayo ng banko kaya wala tayong choice at hindi uubra yung mga sagot na "unemployed" pero mag wi-withdraw ng 400k at kung ano pang excuse. hawak sila ng gobyerno, and unfortunately we are at their mercy dahil pumasok tayo sa mundo nila para maka-kuha ng perang gawa ng gobyerno.

so if plano natin magwithdraw ng 400k, prepare your answers and your documents.

tatanungin ka kung para saan yung withdrawal mo. hahanapan ka ng itr para alamin kung nagbabayad ka ng buwis. tatanungin ka saan galing yung 400 mo. mga ganun ang tanong. mainam kung may negosyo ka. pakita mo permit mo.

i agree. this is normal. price goes up and then goes down. there will be a point when the trend changes. a rise will be followed by a fall, and then followed by another rise like a ball bouncing. the spikes are influenced by development, innovation, general good news. the downtrends are a reflection of market's reaction to the fud, regulation policies, and the like.

nobody is killing the market. the market will continue to thrive. the crypto economy is thriving and there's no stopping it.

that's the market's reaction to all the bitcoin buzz (true or not) like crypto exchange closures and trading bans, government restrictions, regulations imposed on companies offering exchange-like services, and generally fud spread by personalities who have very little knowledge of cryptocurrencies. it'll soon settle and price could once again rally.

if you ponder on that further, you'll realize that all these "currencies" (the ones that have ongoing development at least or the ones  whose blockchains are never abandoned) somehow complements and supplements bitcoin. with bitcoin's limited supply, you can still have your supply of bitcoin or another cryptocurrency parked as one or other crypto like ltc, xmr, zec, eth, or any other crypto you hodl. you can just trade one for the other to have that other asset you want to shift to. the crypto space is amazing. just stick to those assets whose blockchains are not abandoned and have ongoing development. stay away from the scam ones 

current events i.e government crackdown on exchanges and those that offer exchange-like services may affect the flow of money. if governments ban crypto trading and close exchanges, crypto traders will definitely move to overseas accounts that do not have cryptocurrency bans. this will lead to money outflow, which is considered undesirable. money outflow in effect, makes money of a particular country disappear, right? if the outflows become excessive, then that could lead to that country's economic instability....

yup. sana yung rep na ilalagay nila, malawak ang kaalaman about cryptocurrencies para masagot din nya mga challenging concerns na naipo-post dito.

In the Philippines, Coins.Ph has imposed limits on cash ins so those that wish to buy bitcoin can't if they have reached a certain limit. So demand for bitcoin is controlled. For example, if you are level 3 verified, you have a cash in limit of 400 thousand pesos a month. That's more or less 0.668441 btc or $7,926.29 usd a month. Once you've reached that much, you can't buy bitcoin until the counter refreshes.

So even if the demand is high, people who wish to buy, can't because of restrictions to making buy orders. So reaching $20,000 would probably take time if other exchanges and bitcoin buying outlets would do the same.

it says "Error code 20" on my end. what does that mean?

"If" bitcoin "died", would altcoins still exist?

I think bitcoin won't ever die. It could evolve though. Interest in cryptocurrencies then  would still grow since the world of cryptocurrencies is growing, changing, and progressing.

I suppose you can do that. You're teaching math and creating cryptocurrency awareness in the classroom.

its base currency is still bitcoin so, it won't get to that point.

then he's referring to banknotes as well. creating money out of a blank sheet.

banknotes are just printed on paper and is backed by the word of the government. the government says that banknotes/fiat are valuable and the people believe it. when the government devalues money, or declares that a certain banknote series will no longer be accepted as payment, people will believe it. if you keep a large amount of that banknote series that was devalued by the government, that would mean you're instantly broke!

the news is saying that the government seeks to calm the frenzied demand for bitcoins - hence the crackdown/raids.

https://www.cnbc.com/2018/01/10/police-tax-authorities-raid-south-korea-cryptocurrency-exchanges-for-tax-evasion.html

I read the news here https://www.cnbc.com/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html

So that's why bitcoin is dipping. It was at $12k level awhile ago. It's now up to $13,600 something. Bitcoin can still move past that level whether it'll be banned in South Korea or not

Yup. Ayaw dagdagan btc ko. Hahahahaha kaya di na ako pinayagan mag-cash in! Kaloka sila nu?



yang image above ay cash in limits natin by level. Itong next image, cash in limit ko. hahaha, pansinin nyo yung monthly, zero na! bawal na daw ako mag cash in. sheesh.

@ichanjay pwede magsend direct sa peso wallet kasi bitcoin address pa rin ng coinsph yun. yun nga lang converted na sa latest peso rate.

@sevendust777 yes, i agree. it is strange indeed. ang cash in concern ko hindi pa rin nila masagot. so ala na munang cash in this month. kung next month, ganyan pa rin, aba may ibig sabihin na.

yup. parang kinokontrol nila ang cash ins ngayon. kasi first and only transaction ko yung cash in ko na 40k. wala akong conversion from btc to php. kaso naabot ko na daw monthly limit ko. hay naku. asar eh.

Ako may panibagong concern. Sa cash in naman. Kapag level 3 verified ibig sabihin ang daily cash in mo ay 400k, ang monthly cash in mo ay up to 400k at ang annual cash in mo ay unlimited. This January, ang first cash in transaction ko pa lang ay 40k - hindi 400k. Pero nung mag cash in ako kahapon, sabi ng system ay naabot ko na daw ang monthly limit ko! Bakit ganun?

So nagmessage ako sa support. Explain naman ako in detail with matching screenshots pa. Super smart ng mga rep ng coinsph. Sinagot ako na naabot ka na daw limit ko. Sabi ko check nila account ko dahil hinding hindi pa ako nag cash in ng 400k dahil kauumpisa lang ng buwan. Kailan ba dapat magsimula ang buwan nila at kelan ang ending para magrefresh ang cash in counter nila di ba?

May ganito na rin ba kayong experience? Paano na-resolve? Hindi ma-solve ng mga support rep ng coinsph eh. Ayaw nilang sagutin truthfully. hahaha.....