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7
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Local / Pilipinas / Re: Babala ng SEC sa BIT2CASH!
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on: February 01, 2020, 04:41:24 AM
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Pabalik-balik lang ang mga ganitong klaseng programa. Pagkatapos mahinto ang mga lumaki na heto na naman ang bago at ang kasamaang palad eh meron pa ring naniniwala sa mga ganito kaya naman ang mga scammers eh gagawa ulit ng mga bagong programs sa ibang parte ng bansa. Ang mabuti kasi sa ganito eh kung may death penalty bill man isama na ang scamming sa listahan para matakot sila o di kaya taasan ang pagkakulong.
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9
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Bitcoin / Bitcoin Discussion / Re: So a bitcoin scam has been getting a lot of publicity in the Philippines lately
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on: February 01, 2020, 02:29:30 AM
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My Facebook account is always exposed to these advertisements using pictures and names of different big names in both business and showbiz here in the Philippines. Shockingly, there are still many who are thinking that the ads are true. It is unfortunate that Facebook and Google have not yet taken down the ads; this is actually just many of the manifestations that their vetting process is not functioning well.
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10
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Crypto Talk
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on: January 31, 2020, 04:25:14 AM
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I have joined that site too but it seems that platform is full of spammer who post spam content. I think Bitcointalk or Altercointalk is much better than that platform. I also did not like their website layout.
So far, nothing can beat the original forum -- BitcoinTalk -- much like Bitcoin not perfect but still the most dominating cryptocurrency. All other forums in the cryptocurrency sphere are having a hard time managing spams and getting the audience that they are looking for. I am a member of other forums as well but my main activity is here. |
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11
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Quiet Bounty Time
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on: January 31, 2020, 04:12:02 AM
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Bounty section on this forum is now very quiet compare to last year, why is that? Now that bull run is in motion what is stopping new developers from releasing their project? Or maybe they don't have any more idea? Even scam projects are greatly reduced
Maybe the biggest reason is that the market (or the people) are not anymore that receptive to new projects (especially those with red flags all over them) because we have been already into an avalanche of scams before, and we don't want to be losing money again and again. We have already learned the big lessons...and only insane people who are closing their eyes to this truth. However, it does not mean that there are no more good projects because we can still pick a few which got real potential to really make it. |
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13
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Economy / Economics / Re: Dow Jones Price Drop & The Corona Virus?
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on: January 31, 2020, 03:21:15 AM
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I am not surprised of this story since the market can really be reacting to anything whether that something has direct, indirect or even no effect on anything. The market is based on psychology and perception. We know that many industries are affected right now with the ongoing 2019-nCov menace especially in China, and we know that whenever something bad is happening in China the global economy can somehow be affected. Hopefully, while the virus has drawdown effect on the traditional economy this can however push Bitcoin up.
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14
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Economy / Economics / Re: BEEN IN THIS GAME FOR 6 YEARS
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on: January 31, 2020, 03:13:50 AM
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Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.
I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.
In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.
I would tell family and friends and got a response like I will wait till it comes down. If those people listened 1 year later would have profited well. Now I tell friends .1 BTC I think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.
Price predictions are the hole that crypto holders and traders fall into when done emotionally. But these price predictions are sometimes right however. That's why people still want to dive into bitcoin anyway. They wanna know how it will fare in the future, and see if the profits they get are nice for them. Which I know is wrong but this is one of the biggest ways people get interested in cryptocurrency in general. So unless people find a way to get more investors in cryptocurrencies, we can't really stop them from plotting predictions. This is just human nature in action. Honestly, we are into something because we are expecting to get from it. In other words, we are always thinking "what's in it for me" whenever we are venturing into something and this kind of mindset is very much present in the world and market of cryptocurrency, hence we are always encountering a huge speculative volume here. I would not say this is bad but, of course, we are looking for growth in other areas like the real adoption where people are really using Bitcoin as a currency in our lives every day, but we know that this is where the biggest challenges is. With Bitcoin as a store of value and possible haven, in my view this cryptocurrency is quite on that. |
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16
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Economy / Economics / Re: Bakkt is done?
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on: January 30, 2020, 03:51:41 AM
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Go there and read, how calmly the ICE's spokesperson said during a recent interview that Bakkt continues to see “strong” interest in both its bitcoin options and futures products.
Yeah, that sounded like a typical public relations statement putting a spin on a bad situation and I wouldn't put much faith in it. Very interesting. I was among those who thought Bakkt would boom once launched, because I'd figured that hedge funds and other big-money investors would want in on the crypto game, and the only good way to do that would be through futures and options. Apparently the reception is tepid at best, and I'm kind of surprised to see that.Even the volume on the CME seems pretty low. I've no idea what's going on behind the scenes, but my guess is that if business doesn't pick up on Bakkt, they'll shut their doors. We are made to believe that once there can be a Bakkt platform then institutional investors will be coming in like an avalanche, and we can witness Bitcoin to boom and bloom like a lively garden of roses. Eventually, we realized that we were just hyped. The market of Bakkt is not responding well and there are more chances that this can go under the ground if this platform is not saved from its eventual extinction. Now, I am wondering if Bakkt is going to fail what will it mean to Bitcoin? Does it mean that actually institutional investors are not really into Bitcoin or are they looking for another form of an infrastructure like an ETF maybe? |
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17
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Economy / Economics / Re: If you could invest your cryptocurrencies in the environment would you?
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on: January 30, 2020, 03:25:40 AM
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This is actually a good idea though this is not really new. I already encountered some projects before dealing with environment and cryptocurrency but sadly they all failed to get the attention of the market, and they just died naturally. Maybe we need a new one, maybe even just focusing on planting fruit-bearing trees will do, we can have more trees to absorb pollution and produce more oxygen, and then we can also have income at the same time. There are many practical ways we can be helping the environment and at the same time make money with the use of cryptocurrency. I am hoping that a good, reputable organization can be carrying a viable project along this line so that we can all participate and be helping the environment in many small ways.
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18
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Bitcoin / Bitcoin Discussion / Re: Bitcoin changed my life!
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on: January 30, 2020, 02:51:13 AM
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I am glad to hear a good story on how Bitcoin became an agent to help someone get out of economic difficulties and is now facing a bright future. Your story is not the first nor will be the last, providing more people the inspiration that they need as the market for cryptocurrency is slowly expanding globally. Changing lives is definitely one of the many inspiring stories that Bitcoin is bringing though this is of course just one of the many facets of this cryptocurrency. Now, it would have been helpful if you categorically stated the many things you have done with Bitcoin and how it really helped you financially. On this regard, I am looking forward to hearing more of your experience with Bitcoin.
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19
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Bitcoin / Legal / Re: Who is behind KYC info? Why we don't ask them for KYP?
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on: January 30, 2020, 02:04:08 AM
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Once a business is legally registered, all of its information can be found in government agencies where they got their legal status to do business. I am sure those data can be retrieved by anyone asking for it. Now, what we should be worrying are illegal firms pretending to be legal and have more chance of dealing with the information from their customers not accordance to the law existing to protect data misuse. However, I think the idea of KYP has no chance of progressing so it is all up to us to do our due diligence and use our right to choose the providers whom we think are behaving well, though admittedly that can be a difficult one to determine because even famous names online are also mismanaging data of their own customers and users (remember Facebook?). Data gathering, handling and management will always be an issue all because we are already in the data era and data can be a good mine for money and can have big potential economic power one can use well or abuse.
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20
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Bitcoin / Bitcoin Discussion / Re: John McAfee called BITCOIN as a Shitcoin!
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on: January 30, 2020, 01:29:10 AM
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Mr. John McAfee is now showing his true colors. And I am not any more wondering why there are many people in the world of cryptocurrency who are not taking him seriously as an influencer. He seems to be suffering from some form of dementia. The best reason why he is now bashing Bitcoin can be because all of his price predictions may not be coming true. Well, in the first place, who in his own right mind would even "joke" that he will eat his own stick bread in front of live audience in case his prediction will fail? That is an utter nonsense, in the first place. The man is just really an attention seeker, and he is attacking Bitcoin this time to once again stir the nest and get the focus of us. No, John we have other things to do, sorry.
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