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Author Topic: How bitcoin can help for working abroad specially OFW  (Read 1620 times)
oannejoannes
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September 08, 2018, 01:06:28 PM
 #301

Many people work hard to earn money only for it to last momentarily. This is not bad per se, especially if you have mouths to feed and mountain of bills to pay. OFWs are the best example of this. They send money to their families in the Philippines until nothing is left to save. That is why it’s very important that they learn how to invest because this doesn’t only help them budget their earnings better, but also secure their future.
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buternasek
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September 08, 2018, 09:27:15 PM
 #302

Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
 Please share more on how bitcoin can help.
This is true on which I do have an OFW friends which did even completely stop and go home into their country and focus on full time with bitcoin because they can earn more than on the amounts than on their previous job.It is really a risky thing to do but those people did handle the risk but now they are really earning huge and the good thing here is that they are together with their loved ones.
happy to hear your story, bictoin is really useful for people who have difficulties in the economic field.
In times like today, finding a job is very difficult. and bitcoin gives jobs to anyone. this is a great gift.

joromz1226
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September 08, 2018, 10:11:55 PM
 #303

Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
 Please share more on how bitcoin can help.

Bitcoin is for everyone not for the OFW in abroad only. Then if ever the OFW avails the opportunity for bitcoin it will be a good way for them to remit or sending money to their love ones like what you said they can use coins.ph to exchange their fiat to Philippine money, which means even in the other country they also have its own exchange like coins.ph also bitcoin for me is an equivalent more than a job or even an OFW job too.

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Limar0
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September 08, 2018, 10:53:36 PM
 #304

If both family members here and abroad are having coins.ph wallet then sending money from one to the other in the Philippines is much faster and easier. And yes, like what you have said, it can help the OFW to earn extra income depending on how they manage bitcoin and other digital currencies.
Question123
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September 08, 2018, 11:45:01 PM
 #305

OFW can use bitcoin for sending their loveones to the Philippines . Coins.ph is very helpful like to those people who are OFW in abroad because they you can use bitcoin to send using coins.ph and convert it into cash. More fast and easy to transact and low fees transaction compared to the remittances.

Phantomberry
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September 09, 2018, 12:50:20 AM
 #306

I agree with that bitcoin could help sending money abroad to your loveones because it is cheaper,fast and secure process compare to other remittance.

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efxtrader
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September 09, 2018, 03:31:15 AM
 #307

Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
 Please share more on how bitcoin can help.

Its true bitcoin very usefull if we using it for global transfer. The fee more cheap than using banks. Beside that using bitcoin for transaction is more faster than banks and it can be done 24/7

kristineirene
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September 09, 2018, 07:05:51 AM
 #308

Lets say that it can be helpful but i think for doing this to send the money to there love once well not be a good idea just like now that the price in the market is not doing good.Here's the thing ok what if they send money and just a snap the price is realy down there is a big possibilty that the amount that you are expecting well be less than so its better if they can use bitcoin but it will be more better if they just gonna make it as a savings account
tiejettison
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September 10, 2018, 06:18:26 PM
 #309

Investing is a hot topic that many people talk about but very few do. More than saving money, you should learn to invest. I recommend to start small with investing only as much as you are comfortable with. Ease into the field step by step and get your feet wet with just 50 USD. Think of it like this: instead of buying that new watch or a new pair of shoes, challenge yourself and invest that capital in cryptocurrencies.
earceny
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September 10, 2018, 06:32:53 PM
 #310

Contrary to Real Estate, Stock Investment requires a great deal of knowledge to get started with. It’s basically buying a portion of ownership from a company of choice which are expressed in “Stocks” or “Shares”. The trickiest part is that stock prices change dynamically. It’s important to be attentive to figure when to buy or sell stocks. The basic rule is to buy stocks when price is low, then sell at its peak. But this doesn’t always work since some companies never manage to increase value once they drop their price per share.
Hunusubuturi
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September 12, 2018, 09:03:35 AM
 #311

They can also use the coins virtual card. The Coins Virtual Card is a convenient way to make online purchases wherever Visa cards are accepted.  Our Virtual Card accounts link directly with your Coins.ph  wallet in order to provide the same convenient cash-in options.  Additionally, your funds on the Virtual Cards will be stored in US Dollars, enabling convenient international purchases as well as local online purchases in Philippine Pesos.
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September 12, 2018, 09:25:43 AM
 #312

Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
 Please share more on how bitcoin can help.

Yes coins.ph is a very helpful tool for our OFWs out there. They can process the money to be sent in the Philippines using this anywhere he/she is. Regarding for an extra income thing, I think it will be hard for them. Work abroad are not easy. Sometimes, their time working is more than the time for their sleep and rest. The worst is there are some who do not have rest time. Their employers will not also allow them to use their cellphones while working.

basyang
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September 12, 2018, 10:04:22 AM
 #313

OFWs are the wealth and workforce of the Philippine economic strength and therefore , if only they can save as much and return to invest on emerging markets, they won't need to be afar anymore and be with their love ones.

Indeed, its really hard to leave your country, friends, love ones, family and home. But because of lack of employement or looking for a big income people are going to abroad to find their destiny in life. Some people moght day if you are came from abroad possible you are earning a huge profit but they did not know what struggle you are facing there and you all you can do is to pray. Ofw's also lookin for a part time job it is very helpful if they also engage in bitcoin it can help them alot.

NowLovebed
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September 13, 2018, 08:53:11 AM
 #314

They cannot send money thru bitcoin since most of their family are living in rural areas. The only thing they can earn thru buying everytime they get extra money after sending to their families and make it as a savings until they go home, in that way, they are saving with a profit at tye same time.
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September 15, 2018, 09:16:12 AM
 #315

They can also work on it during their free time and they will find out that they do not have to work abroad i f they know how to make their money grow. They can able to save more for their future so that they do not have to come back there after the contract and stay to their family and live comfortably.
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September 17, 2018, 01:24:45 PM
 #316

Managing your personal finances is paramount to living a comfortable and balanced life. This means planning a budget and spending your resources over time while factoring in financial risks and life events. How to start? Simple. First, assess your current financial situation, set a goal, make a plan and execute. Monitor your cryptocurrency portfolio and adjust it if needed. Planning your investment strategy will allow you to sleep well at night, remain confident and endure the volatility of this market. This fast growing industry will teach you to develop solid nerves.
criza
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September 17, 2018, 02:03:22 PM
 #317

Being an Oversees Filipino Worker or OFW is very difficult especially that their enemy is sadness amd time specifically. Hence, OFWs should not waste their time for nothing and they should be given an opportunity to grow financially, transact money, and manage their monetary stuff in a convinient and safe manner --- and that is how bitcoin could help them. OFWs using bitcoin will not find it difficult to send money abroad for their family since using onky theor mobile phones they could transact easily. Furthermore, OFWs can also find the bitcoin as a platform for new investment and new money-making work. And in that sense, they will not be needing to leave theor family for a work abroad because they already have bitcoin in their economic lives.

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September 17, 2018, 02:26:53 PM
 #318

It is a big helped for the OFW specially working abroad those peoples were sacrifice and knows the benefits of bitcoin for another income of net pay.I think OFW will followed the happening of some peoples who are effort to join in this programs.
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September 22, 2018, 09:27:29 PM
 #319

One last secret, consider to diversify your investment portfolio. Spread your investment across multiple assets such as piggy bank, stocks, commodities, real estate, bank deposits and so on. Remember, digital currencies are a volatile investment and it’s not recommended for most people to invest their life savings. For example, if you have 5000 USD as your total investment, you might invest a large part of it into stable assets and keep 1–10% of it into cryptocurrencies. As for your crypto portfolio, most people start with just one coins (e.g. a little bit of Bitcoin). But with more experience you might find it compelling to research and invest in other reputable cryptocurrencies as well.
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