Bitcoin in the Philippines uproar

[Jake052478]

There is no denying that the future of bitcoins in the Philippines will flourish since we adopt the "Open Market" mentality.  Everything that shows profitability, surely Filipino will venture into it.  This poverty-stricken country will do everything especially the people under poverty threshold to venture into such profit oriented forum.  I have a friend who is now a Member of this forum who ever since was not accepted into signature campaigns because of poor communication skills. I am a Junior member, you see but I have already claimed my first .000 bitcoin yesterday.  It is a testament that if you do good in this forum, earnings will be a great augmentation to your monthly salary so to speak. But it should not only be that way, we should strive more to be considered big players in the market now. Contributing to the substantial thread/topic is a way to go.

[ivrynx]

There are a lot of people in the Philippines that do recognize bitcoin and  more and more people are beginning to get curious on cryptocurrencies, however it is only on a small percentage of the population compared to other countries like japan. It is sad to say that though most of the people have access to internet, instead of taking time to check on investments, they don't. It is true that the Philippines is growing economically, however majority of the population are not into investments, a lot still wonders what are investments, and they still think that investmenting is only for the rich. Though we already accepted bitcoin and it is legal, it is sad to say that still majority of the population lacks financial inteeligence. Fortunately for us who are into bitcoins, more and more opportunities are opening, since there are already vendors who accepts bitcoin and there are already seminars being conducted to educate the masses regading bitcoin, hopefully it will be a success since most Filipinos do lack financial education.

[rjbtc2017]

I disagree on what Filipino people expects from bitcoin. They thought it is an easy way of earning (yes it is because of it's volatility features, you can trade it on exchanges by buying and selling) but i am afraid that most of the Filipino will just become a hodlers and make bitcoin as a currency reserve because they are waiting to make the price higher befire they selling it. A Lot of Financial advisors saw bitcoin as an investment and not as a currency.

[mevmike]

Here in the Philippines, the growth in the knowledge about bitcoin is drastically exponential. Could bitcoin possibly influence the improvement and advancement of the Philippine's economical status? In what aspects?

.
i do agree that there is indeed an increase of bitcoin knowledge and popularity in the Philippines.
but i wont say it is on the exponential level yet.
and when say knowledge it should also means acceptance to what really bitcoin is and what drives it.
simply learning what bitcoin is, is not yet the real knowledge needed to be obtained.
.
it could also influence the improvement of our economy as there are people who will continue to promote and use it.
therefore the task of sharing your knowledge about it to other is still just beginning.
spread the news.

[TagaMungkahi]

There is no denying that the future of bitcoins in the Philippines will flourish since we adopt the "Open Market" mentality.  Everything that shows profitability, surely Filipino will venture into it.  This poverty-stricken country will do everything especially the people under poverty threshold to venture into such profit oriented forum.  I have a friend who is now a Member of this forum who ever since was not accepted into signature campaigns because of poor communication skills. I am a Junior member, you see but I have already claimed my first .000 bitcoin yesterday.  It is a testament that if you do good in this forum, earnings will be a great augmentation to your monthly salary so to speak. But it should not only be that way, we should strive more to be considered big players in the market now. Contributing to the substantial thread/topic is a way to go.

It is sad to hear that mostly Filipinos will venture to Bitcoin just because it is profitable but not looking on how good the technology is. they must also be open to the fact that earning bitcoin requires great effort and great time management.

[The Sceptical Chymist]

There is no denying that the future of bitcoins in the Philippines will flourish since we adopt the "Open Market" mentality.  Everything that shows profitability, surely Filipino will venture into it.  This poverty-stricken country will do everything especially the people under poverty threshold to venture into such profit oriented forum.  I have a friend who is now a Member of this forum who ever since was not accepted into signature campaigns because of poor communication skills. I am a Junior member, you see but I have already claimed my first .000 bitcoin yesterday.  It is a testament that if you do good in this forum, earnings will be a great augmentation to your monthly salary so to speak. But it should not only be that way, we should strive more to be considered big players in the market now. Contributing to the substantial thread/topic is a way to go.

It is sad to hear that mostly Filipinos will venture to Bitcoin just because it is profitable but not looking on how good the technology is. they must also be open to the fact that earning bitcoin requires great effort and great time management.

Uhh, why else would anyone buy bitcoin?  Answer: To make money, AKA being profitable.   It's not sad, it's the only reason anyone would ever be into bitcoin.  Nobody wants to spend it--they want to get rich(er).  The problem with the Philippines is that they're ignorant and just come here to spout nonsense.  They should stick to the local boards.

[orions.belt19]

Here in the Philippines, the growth in the knowledge about bitcoin is drastically exponential. Could bitcoin possibly influence the improvement and advancement of the Philippine's economical status? In what aspects?

So what?  No vendors are accepting it or even know about it.  Those vendors who are aware of it are not interested in accepting it as payment.  It's only something for the lower classes to do to earn extra (possibly) in their spare time or if they have no job.

That may be so but then I think there will be more developments and adoptions for Bitcoin in the incoming years because of the growing number of bitcoin users in the Philippines. Soon, there could be more merchants that would accept bitcoin as a payment system. I beg to disagree that it is only something for the lower class; although it is true that there are A LOT from that class who utilize bitcoin. I believe there to be number of businessmen and those from the middle class who know of and invest in Bitcoin. It is presently being more attention in the business sector.

I think that those from the lower class has been taking advantage of the opportunity given by bitcoin especially those who don't have regular jobs. It gives them the convenience of earning even when they're just at home. I believe that it's a big help for them and it could alleviate some of the burden that they have in paying their daily expenses.

[Labay]

Here in the Philippines, the growth in the knowledge about bitcoin is drastically exponential. Could bitcoin possibly influence the improvement and advancement of the Philippine's economical status? In what aspects?

Im also thinking about this, bitcoin in the philippines is now widely spread, i think bitcoin can help the economic status of the country because bitcoin is accepted in some countries like US and countries in europe, they can use it to buy an items and raw materials, not only for military but also for industry.

[TagaMungkahi]

There is no denying that the future of bitcoins in the Philippines will flourish since we adopt the "Open Market" mentality.  Everything that shows profitability, surely Filipino will venture into it.  This poverty-stricken country will do everything especially the people under poverty threshold to venture into such profit oriented forum.  I have a friend who is now a Member of this forum who ever since was not accepted into signature campaigns because of poor communication skills. I am a Junior member, you see but I have already claimed my first .000 bitcoin yesterday.  It is a testament that if you do good in this forum, earnings will be a great augmentation to your monthly salary so to speak. But it should not only be that way, we should strive more to be considered big players in the market now. Contributing to the substantial thread/topic is a way to go.

It is sad to hear that mostly Filipinos will venture to Bitcoin just because it is profitable but not looking on how good the technology is. they must also be open to the fact that earning bitcoin requires great effort and great time management.

Uhh, why else would anyone buy bitcoin?  Answer: To make money, AKA being profitable.   It's not sad, it's the only reason anyone would ever be into bitcoin.  Nobody wants to spend it--they want to get rich(er).  The problem with the Philippines is that they're ignorant and just come here to spout nonsense.  They should stick to the local boards.

Philippines and Filipinos are two different things Sir, and don't generalize us Filipinos on other Filipinos that are here for just nonsense things. again, I said that mostly Filipinos will venture to bitcoin because they want to get rich/er . and it is sad on my part that they seeing bitcoin as the only way t escape poverty.

[Gotumoot]

I am happy because recognizing that bitcoins in different countries and the person who knows it is growing. I am also a native of the Philippines. I can see the big changes in the lives of those who first knew it. So it has a huge impact on our country because of its money coming from bitcoins.

[The Sceptical Chymist]

There is no denying that the future of bitcoins in the Philippines will flourish since we adopt the "Open Market" mentality.  Everything that shows profitability, surely Filipino will venture into it.  This poverty-stricken country will do everything especially the people under poverty threshold to venture into such profit oriented forum.  I have a friend who is now a Member of this forum who ever since was not accepted into signature campaigns because of poor communication skills. I am a Junior member, you see but I have already claimed my first .000 bitcoin yesterday.  It is a testament that if you do good in this forum, earnings will be a great augmentation to your monthly salary so to speak. But it should not only be that way, we should strive more to be considered big players in the market now. Contributing to the substantial thread/topic is a way to go.

It is sad to hear that mostly Filipinos will venture to Bitcoin just because it is profitable but not looking on how good the technology is. they must also be open to the fact that earning bitcoin requires great effort and great time management.

Uhh, why else would anyone buy bitcoin?  Answer: To make money, AKA being profitable.   It's not sad, it's the only reason anyone would ever be into bitcoin.  Nobody wants to spend it--they want to get rich(er).  The problem with the Philippines is that they're ignorant and just come here to spout nonsense.  They should stick to the local boards.

Philippines and Filipinos are two different things Sir, and don't generalize us Filipinos on other Filipinos that are here for just nonsense things. again, I said that mostly Filipinos will venture to bitcoin because they want to get rich/er . and it is sad on my part that they seeing bitcoin as the only way t escape poverty.

Please educate me about the difference.  I'm not a worldly man, and I know I'm making a huge, sweeping, blanket statement, but I'm only going by what I see on bitcointalk.

[ruskytailz02]

Here in the Philippines, the growth in the knowledge about bitcoin is drastically exponential. Could bitcoin possibly influence the improvement and advancement of the Philippine's economical status? In what aspects?

Yes Philippines is very active to bitcoin. Well in-fact I know plenty of Filipinos who are into bitcoin. It is not that because they just have knowledge to bitcoin, but it is because of the capability of bitcoin to let them gain money while learning. Filipinos are really hardworking especially when they gain money, I'm not saying that Filipinos are into money only but we really need money to improve due to low on technology advancement. Well bitcoin on the other hand improves Philippine's economical status, because it can let them earn money even if they don't leave their job and it also let them know what is happening in the modern technology world.

This is a great example of a padded post that 1)Says nothing substantial, and 2) Is a sentiment
that's been expressed a thousand times already in this forum.  It gets tiring. 

The Philippines is responsible for a good percentage of the garbage posts here, I'm sure of it.  It's great
that they're so into bitcoin and feel they can earn money by basically doing nothing, but it lowers the
quality of bitcointalk drastically.  I'd be totally fine if one day Filipinos had their own forum on which
to earn money.  I've no prejudice against that particular country, just a strong conviction that this
should be an English language forum, and one should have a modicum of proficiency in the language.
They simply don't have this.

I can tell you first hand that this is true.  English is not my first language but I can tell exactly when most low-educated Filipinos are posting...and it's true that probably most of the garbage posts here are coming from the Philippines.

It is true that most of that post comes from filipino's but some of them are very good in cOnstructing and speaks english fluently..
Making bitcoin is good like from Philippines because lots of filipino's suffers from poverty and I think bitcoin is one of the good answer to that.....  in fact Philippines is one of the most poorest country in the chart .
Bitcoin can improve their life  and also the economy if EVER

[Flomo]

for the advancement of a country maybe bitcoin does not contribute to it, but for individual progress may be very necessary bitcoin. there is no clear legal basis and tax arrangement that makes bitcoin not counted in a country.

[bitcoinvestor]

Here in the Philippines, the growth in the knowledge about bitcoin is drastically exponential. Could bitcoin possibly influence the improvement and advancement of the Philippine's economical status? In what aspects?

In the growth of economic activities if the govt catches the opportunity to help start up to grow. The condition can be opposite if the govt acts China, Ban bitcoin exchangers and ICO. The most important thing is rule. Rule that can protect investors or any parties who involved in cryptocurrecies and bitcoin. When the govt sees bitcoin as a threat to the hegemony, that's the end of opportunity in the country, better search other countries to grow up.

[TagaMungkahi]

There is no denying that the future of bitcoins in the Philippines will flourish since we adopt the "Open Market" mentality.  Everything that shows profitability, surely Filipino will venture into it.  This poverty-stricken country will do everything especially the people under poverty threshold to venture into such profit oriented forum.  I have a friend who is now a Member of this forum who ever since was not accepted into signature campaigns because of poor communication skills. I am a Junior member, you see but I have already claimed my first .000 bitcoin yesterday.  It is a testament that if you do good in this forum, earnings will be a great augmentation to your monthly salary so to speak. But it should not only be that way, we should strive more to be considered big players in the market now. Contributing to the substantial thread/topic is a way to go.

It is sad to hear that mostly Filipinos will venture to Bitcoin just because it is profitable but not looking on how good the technology is. they must also be open to the fact that earning bitcoin requires great effort and great time management.

Uhh, why else would anyone buy bitcoin?  Answer: To make money, AKA being profitable.   It's not sad, it's the only reason anyone would ever be into bitcoin.  Nobody wants to spend it--they want to get rich(er).  The problem with the Philippines is that they're ignorant and just come here to spout nonsense.  They should stick to the local boards.

Philippines and Filipinos are two different things Sir, and don't generalize us Filipinos on other Filipinos that are here for just nonsense things. again, I said that mostly Filipinos will venture to bitcoin because they want to get rich/er . and it is sad on my part that they seeing bitcoin as the only way t escape poverty.

Please educate me about the difference.  I'm not a worldly man, and I know I'm making a huge, sweeping, blanket statement, but I'm only going by what I see on bitcointalk.

The Philippines is obviously the country. Filipinos is the citizen of The Philippines (obviously).
The Philippines is ignorant on bitcoin is wrong. Generalizing that all Filipinos here in bitcointalk are nonsense posters and just go here for the profit is wrong. I understand your statement because it is true that a lot of Filipino here are just shitposting for the money and i know that it is wrong and not justifiable. but then again. Not all of them are shitposters and just go by the money.

[rjbtc2017]

If you really want to atleast decrease some of the Filipino shitposters, we can report their post or add create a list to add them to ignore their posts. I am also a Filipino but i do agree that a lot of posters here who posts nonsense are mostly Filipino. And i think it is their responsibility to be "somehow" atleast fix their grammar and improve their posting qualities and be open on learning the technologies about bitcoin. I am also not good on my grammar, but i keep on learning in order for me to have a better quality posts.

[sicparvismagna]

Yup definitely many people in the Philippines are now engage in bitcoin because it is one of the fastest and easiest way to earn money. If the bitcoins provide as extra source of income and can help the Filipino to gain to extra knowledge and ideas then I guess this could drastically help our financial stability in our economy not just on the part of the people but also the community.

[iamTom123]

Here in the Philippines, the growth in the knowledge about bitcoin is drastically exponential. Could bitcoin possibly influence the improvement and advancement of the Philippine's economical status? In what aspects?

It is nice to see someone here talking about the Philippines, which is also my country and where I am based at right now. The Filipinos are known to be everywhere...as there are only a few territories where we can't find a Filipino. We are known to be resilient and early adopters but what we lack is the entrepreneurial mindset that is many of us would prefer to be employed rather then be employing.

Filipinos are the best in the world when it comes to outsourcing and freelancing that is many foreign employers would prefer to deal with Filipinos online. We can talk and write in the English so well...even much better than those people living in USA and UK.

Now, when it comes to cryptocurrency, we are also early adopters. There are now many Filipinos who are in this forum and who are HODLING to their Bitcoin. We already have one big exchange operating here since 2014 and we have two probably opening by next year. Bitcoin is essentially legal here and I am hoping that the government can step-up the whole thing by opening a cryptocurrency center here in the country which can attract many Bitcoin enthusiasts and project locators.

The fintech industry here in the country is not yet that developed and this holds a lot of potential to help the economy by attracting direct foreign investments and opening up many employment and business opportunities for all Filipinos who are already adept at the world of cryptocurrency. We do hope that we can be a big part of this revolution rather than be just watching outside and wondering what's happening.

Mabuhay!

[vinc3]

Here in the Philippines, the growth in the knowledge about bitcoin is drastically exponential. Could bitcoin possibly influence the improvement and advancement of the Philippine's economical status? In what aspects?

Technically yes, why? because a country with less people who have no source of income can have a good economical status for the internal market growth is growing due to added resources provided by the bitcoin workers or enthusiasts for that matter. We all know here in the Philippines that the monthly income of an individual can barely support a family and most the time both of the parents are needed to work just to keep their family well feed and clothe. It is sad  to know or face the reality but that is the truth, but that reality doesn't give us the right or authority to cheat or spam the threads just to fill our greedy stomachs. We need to wake up and see that we are ruining our reputations if are going to do it, for reputation is the key to success here especially we don't a have a face to show the campaign managers. Wake up and be enlighten!!!

[h0lybyte]

It is the bitcoin that is representing its power day after day.Though involving with bitcoin gives you power to drastically revolutionize the potential of economic structure.
Bitcoin is the badic form of cryptocurrency. It acts as a link between buyers and sellers to enabe deals from overseas through digital transactions.
Therefor it has the power to cause impossible traditional deals occur smoothly and can change economic aspects.