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Author Topic: The use of Crypto currencies in our country.  (Read 1354 times)
DreamStage
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May 09, 2019, 12:59:38 AM
 #101

I would like to see cryptocurrency available in every country. It has always seemed strange to me that the United States could not resolve the issue of their use for so long, while the countries of the east are already actively integrating cryptocurrency in their countries. It’s good if the new policy allows digital assets to be legal.
Cryptocurrency and cash can successfully coexist together. I see many areas in which the use of cryptocurrency in general has good prospects. This is a transport system, energy, payment, real estate system. If they finally work out rules for regulating cryptocurrencies and can approve them in leading countries, then I think this will help and reduce the amount of fraud
In my opinion, cryptocurrencies can become the link that can create a single economic system. And the fact that not many support cryptocurrency is because they understand this topic poorly. Therefore, I like taklimakan, where novices and crypto industry experts can find good analytics and useful tools, educational materials to understand the topic of cryptocurrencies and the blockchain better and more effectively to use them.

Or we can all be using the same cryptocurrency as in real life currency as well just like fiat without any differentials. That would make a better economy where everyone could share the same process and the same value.
There would not be so many discrepancy between each fiat type as well like Euros, Dollars etc

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May 10, 2019, 05:56:15 AM
 #102

The use of cryptocurrencies in southeast asia, particularly the Philippines is unprecedented even though bitcoin is not yet legalized in that country. The Philippines, according to their Central Bank has experienced a large increase in virtual currency transactions in 2018 compared to the previous year. These transactions are fiat to virtual currencies, virtual currencies to fiat and remittances facilitated through virtual currencies. If this trend continuous, this southeast asian country will become the hub of virtual currencies in the future.
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May 10, 2019, 08:16:20 AM
 #103

crypto currencies need to be stabilized for prices, because the price of bitcoin itself is easy to go down,

Its stabilizing sometimes but it may not be possible to stabilize the price permanently because cryptos are intended to be born with a volatile characteristic  .

we know that in some countries it can already buy tickets by exchanging coins, I hope this becomes the currency of everyday life

Brazil is one of a country that recently introduce that idea   but other countries especially south east asia are already done with that  . right now asean countries are now foccusing on the exposure of cryptos since there are still lots of people that arent aware about cryptocurrency . crypto as a currency for everyday life is possible and already happening to some country
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May 11, 2019, 05:56:18 PM
 #104

I agree with you, and this is what I'm waiting for,
The use of cryptocurrency in Southeast Asia, especially the Philippines has never happened before even though bitcoin has not been legalized. In our country I have not met people who use Bitcoin for purposes other than trade and investment.
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May 11, 2019, 06:11:05 PM
 #105

I'm also currently residing in the Philippines. Let's be honest here. Though there are definitely a good number of bitcoin "investors" here, most people use Coins.ph's services(the ones you listed) through our local fiat, the Philippine peso. Some(or most) people are poor enough, to actually risk holding bitcoin for their payments.

Actually you are right on that. Philippines has not fully adapted the usage of Bitcoin and other type of cryptocurrency due to the fact that most of the people residing in the country are poor enough to afford purchasing Bitcoin or taking the risk on using Bitcoin as an alternative from fiat. Well, the usage of coins.ph is open for everybody in the country because I mostly get notified that my friends are starting to get engaged into it and enjoy the services they offer because it have 5 different wallets in one account Peso, Bitcoin, Bitcoin Cash, XRP, and ETH which is convenient as well to be used in any of the services featured by the OP.
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May 11, 2019, 11:28:42 PM
 #106

In as much that Bitcoin is known widely in the world, In my country, Bitcoin is hardly used by people for their transaction of goods and services. Just a hand full of people are privileged enough to know and use Bitcoin for their online transactions. Due to this, you can hardly use Bitcoin to pay or buy goods and even pay for services provided. 
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May 12, 2019, 01:00:13 AM
 #107

This is really useful for Filipinos who are engaged in using crypto. Although there's still a whole lot of Filipinos who don't know these things, we're lucky enough that it's accepted in our country and is also supported, with the help of coins.ph we can possibly do a lot of things with our bitcoin. It's much more convenient for us
Thats true, its a great opportunity that in our country we used crypto. Because some of Filipinos are invested and they can use it in anywhere, cryptocurrencies is really useful and its fast in terms of payments and Coins.ph is popular for all the transactions.
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May 12, 2019, 01:21:15 AM
 #108

crypto currencies need to be stabilized for prices, because the price of bitcoin itself is easy to go down,

Its stabilizing sometimes but it may not be possible to stabilize the price permanently because cryptos are intended to be born with a volatile characteristic  .

we know that in some countries it can already buy tickets by exchanging coins, I hope this becomes the currency of everyday life

Brazil is one of a country that recently introduce that idea   but other countries especially south east asia are already done with that  . right now asean countries are now foccusing on the exposure of cryptos since there are still lots of people that arent aware about cryptocurrency . crypto as a currency for everyday life is possible and already happening to some country
Have it work smoothly in ASEAN countries as using crypto is permitted. Though not all of crypto coins are accepted as a mode of payment but in certain that it will contribute a lot to make crypto known to everyone. It has a good start and might see this used globally if other countries will lift their ban of using it. Its a kind of support that crypto needs to make it very adaptable to the market.

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May 12, 2019, 01:35:04 AM
 #109

Be happy that you can enjoy the facilities available to be able to carry out crypto transactions, because crypto is not fully recognized in my country, because to be used as a legitimate transaction, until now it has not been allowed. maybe still looking for the right rules so that the state is not blamed later.
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May 12, 2019, 02:48:00 AM
 #110

crypto currencies need to be stabilized for prices, because the price of bitcoin itself is easy to go down, we know that in some countries it can already buy tickets by exchanging coins, I hope this becomes the currency of everyday life

The good thing about cryptocurrencies is that they will never be able to stabilize, one of the things that differentiate the stock market from the bitcoin speculative market is because bitcoin usually has a high volatility, that is, bitcoin movements They tend to occur much faster than in the Stock Market.

In the bitcoin market an accumulation stage can last 3 years, less or more, but in the Stock Market tend to occur the minimum movements every 6 to 8 years, a process of accumulation can be that time or more, in addition to the bitcoin market they do not have a backing, everything is based on the Law of Supply - Demand, that is why economists, governments and banks can never agree with bitcoin, because they prefer safe actions, prefer gold that is stable and all actions that represent security.

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May 12, 2019, 06:40:49 AM
 #111

Right from start Philippines is a crypto friendly country central bank itself started crypto atm and even public services are user-friendly with crypto
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May 12, 2019, 06:50:03 AM
 #112

It is great to see some countries making good use of this technology. My country hasn't yet accepted btc use and some few weeks ago, the central bank issued a warning agaist bgc use. I just hope things change here

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May 12, 2019, 08:05:35 AM
 #113

Be happy that you can enjoy the facilities available to be able to carry out crypto transactions, because crypto is not fully recognized in my country, because to be used as a legitimate transaction, until now it has not been allowed. maybe still looking for the right rules so that the state is not blamed later.
Blessed are you who live in a country that has legalized cryptocurrency, because it can make transactions without breaking the law. Payment using crypto money is considered the same as other payments.
In my country, I cannot use crypto money to make payment transactions, because it is prohibited. But for investment it is not prohibited, just be warned to be careful because crypto money is very volatile.
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May 12, 2019, 08:23:51 AM
 #114

bitcoin ranking position is frist in opinion. in the circumstance, bitcoin ajenchi necessity in our country. cryptocurrency market up down any time. I am proud to be member of bitcoin.  I hope that cryptocurrency should be successful in the year.
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May 12, 2019, 04:58:19 PM
 #115

I agree with you, and this is what I'm waiting for,
The use of cryptocurrency in Southeast Asia, especially the Philippines has never happened before even though bitcoin has not been legalized. In our country I have not met people who use Bitcoin for purposes other than trade and investment.

So you should wait for a time, when in your country people use bitcoin and hopefully it will be happened within few years. Actually, in 2015 in my country, i also have not seen a single man who used bitcoin, but now i see most of people have investment on bitcoin. So time has a power to chance everything. 









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May 12, 2019, 06:40:38 PM
 #116

Be happy that you can enjoy the facilities available to be able to carry out crypto transactions, because crypto is not fully recognized in my country, because to be used as a legitimate transaction, until now it has not been allowed. maybe still looking for the right rules so that the state is not blamed later.
There's places like yours where government still doubting this system, they wanted to make sure that everything will be controlled under their laws
making things complicated as the intentions of being decentralized will be at stake, you can only enjoy those online services available which not been
facilitated by your government while waiting for the final decision whether to legalized or not from your place.
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May 12, 2019, 07:52:10 PM
 #117

In my country this has become an easy way to obtain products and services, due to the bestial devaluation of the currency there is no easier way to secure your money than by transferring it to crypto currencies, no matter how volatile the crypto currencies seemed to be, it is much safer than the national currency and this has the facility that thanks to the large market that has you can exchange it to almost any currency without mentioning how easy it is to get a wallet.
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May 12, 2019, 10:10:54 PM
 #118

Unfortunately, in my country, Bitcoin and cryptocurrency are not yet used.  But I still hope that it will be very soon.  Seeing the fact that so many users in our country are engaged in trade.

If the government of your country sees the positive effect of the cryptocurrency they will let some big crypto company build up some business their. unfortunately, most of the countries in the world follow the footsteps of chinese government instead of supporting crypto they let it go to waste and banned it in their own country.

All of those crypto banned countries behind mainly it's prohibited for government rules. So that you can never finger cross against constitution of your country. But if government wanna crypto adoption than it will be good news for you. I don't know when my government will be realize about crypto.
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May 12, 2019, 10:31:03 PM
 #119

It's great that your country has such a use of bitcoin. In my country, unfortunately, the use of bitcoin is very limited. Here it is illegal and this news is very upsetting to me.
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May 12, 2019, 10:45:18 PM
 #120

This is a great news in your country and I'm really happy for you. We all waiting for the governments in this world to accept it's payment and use in our services and I think it will happen in no time. Let's hope for the best in the near future.

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