Philippines on the Crypto Bandwagon

[laubeaud]

Cryptocurrency adoption is gaining momentum worldwide, with people everywhere jumping on the digital assets bandwagon for investing, trading, or just experimenting with the future of finance. From North America to Asia, countries are experiencing a surge in crypto-related activities, with both retail and institutional investors exploring this dynamic market. Among these countries, the Philippines stands out as a key player in the crypto revolution, where people are embracing crypto like never before. One thing that demonstrates this is that more and more Filipinos are downloading apps related to cryptocurrencies, especially crypto trading apps. Did you notice that too?

[PX-Z]

Among these countries, the Philippines stands out as a key player in the crypto revolution, where people are embracing crypto like never before. One thing that demonstrates this is that more and more Filipinos are downloading apps related to cryptocurrencies, especially crypto trading apps. Did you notice that too?

It's not news anymore. PH is a key player towards crypto ever since the ATH way back 2017, even before that, there are many crypto related business already here like kind of wallets and exchange at that time, how much more now. But the main thing is there are still ignorance for the new users even the old ones for not being aware of scams then blame it on the technology itself.

[bhadz]

Did you notice that too?

Thanks to NFT games first on the last bull run of 2021 and then, the tapping apps that we're having right now. So, every bull run there's a craze that our fellow countrymen are being hooked to. It's no longer something new that we're seeing the surge in the crypto apps if you're pertaining about it through google playstore. That's because these apps are offering airdrops and most of our fellow are hoping to land on a good project that will distribute some bucks in exchange of those points that they're grinding for.

[Wapfika]

the Philippines stands out as a key player in the crypto revolution, where people are embracing crypto like never before. One thing that demonstrates this is that more and more Filipinos are downloading apps related to cryptocurrencies, especially crypto trading apps. Did you notice that too?

This is the typical behavior of the Filipino towards the trend. We are always just following the herd as long as there’s profit involved since we are easy to be convinced once there’s already a proof of profit.

BTW, you should use Filipino language since this is a local board or else you should discuss this topic in global board which the topic fits if you want an English discussion topic.

FYI, There’s a lot pf Filipino that still active in crypto despite this recent trend. The noise is just noticeable now because the early recruits are so active in promoting in social media.

[Peanutswar]

Just recently notice this after during the pandemic era where people keep using their NFT or play to earn and they see the potential with the use of crypto to earn a large amount of money as you can see now people keep joining into different projects just to keep grinding for their whitelist, pre-sale and recently tons of opportunity like web3 projects can be use as their work at the same time. Basta may pagkakakitaan ang mga Pilipino is dun sila. Kaya most of the pinoy have the thought "Uy tumaas price ng bitcoin (or other cryptos)" screenshot share earnings or flex.

Nag tagalog nako local naman natin to even english posted ni OP.

[Cryptoababe]

Honestly, the Philippines is really getting into crypto, and this is something I've known for a while now. I know some crypto developers are also emerging from there.
I also don't think any exchange excludes the Philippines from the countries they support so far. Although according to this news , Bitget dominates crypto app downloads in that region, I'm sure that some other exchanges will also have a large number of users as well.

[Mr. Magkaisa]

Cryptocurrency adoption is gaining momentum worldwide, with people everywhere jumping on the digital assets bandwagon for investing, trading, or just experimenting with the future of finance. From North America to Asia, countries are experiencing a surge in crypto-related activities, with both retail and institutional investors exploring this dynamic market. Among these countries, the Philippines stands out as a key player in the crypto revolution, where people are embracing crypto like never before. One thing that demonstrates this is that more and more Filipinos are downloading apps related to cryptocurrencies, especially crypto trading apps. Did you notice that too?

       -     Hindi na bago ang ganyang mga balita dahil before pa naman talaga ay madami ng mga merchants at mga company ang kumikilala sa Bitcoin, edi mas lalo na ngayon diba?

Partikular na ngayong taon ay naaprubahan pa ang bitcoin at Eth spoy etf kaya mas lalong kikilalanin at tatanggapin na ang bitcoin at cryptocurrency sa mga negosyo talaga.

[xLays]

Chineck ko mga post mo nag popost ka din sa ibang local board. So I think i-translate mo nalang itong reply ko sa post mo.

Mas lalong lumubo ang kaalaman ng mga Pilipino pag dating sa Cryptocurrency or Bitcoin ay isa sa mga dahilan ay yung axie infinity. Tapos nung na hack na ang axie infinity yung 600m dollar exploit sa ronin bridge dun na si alisan ang mga Pilipino sa axie infinity at syempre na apektuhan yung bilang na naninilawa sa Cryptocurrency which means bumaba ang bilang ng mga papasok sa Cryptocurrency na mga Pilipino. Pero oo mataas pa rin naman ang bilang ng mga Pilipino na into Cryptocurrency or Bitcoin kumpara sa ibang bansa.

[GreatArkansas]

(....)
One thing that demonstrates this is that more and more Filipinos are downloading apps related to cryptocurrencies, especially crypto trading apps. Did you notice that too?

Totoo itong sinasabi ng OP. Alam ko isa sa mga dahilan ay ang mga Filipino ay grinders, ibig sabihin humahanap sila ng mga raket sa internet na pagakakatian nila, at isa ito sa mga paraan pano ka maka earn ng ilang cryptocurrency or Bitcoin at pwede mo ito ebenta papuntang fiat currency.

Lalo na mga airdrop hunters or bounty hunters, uso ito sa crypto currency community dito sa Pinas.

[aioc]

Basta may pagkakakitaan ang mga Pilipino is dun sila. Kaya most of the pinoy have the thought "Uy tumaas price ng bitcoin (or other cryptos)" screenshot share earnings or flex.

Nag tagalog nako local naman natin to even english posted ni OP.

Totoo ka dyan bro lalo na pag may project sila pino promote at kailangan ng referrals kasi madali ma enganyo ang mga kapwa ngtin pinoy kapag may income na pinapakita ang nagpopromote, lalo na ngayun na putok na putok itong tapping mining, yung mga kilala ko nawala ng gana sa Axie abay bumalik.

Kai naisaip nila wala naman investment effort at time lang naman bukod may isang example sila na yung mga nag active ay kumita at ito nga ay yung Notcoin.
Basta pagkakitaan sa internet pasok tayo dyan lalo pat libre.

[Mr. Magkaisa]

Basta may pagkakakitaan ang mga Pilipino is dun sila. Kaya most of the pinoy have the thought "Uy tumaas price ng bitcoin (or other cryptos)" screenshot share earnings or flex.

Nag tagalog nako local naman natin to even english posted ni OP.

Totoo ka dyan bro lalo na pag may project sila pino promote at kailangan ng referrals kasi madali ma enganyo ang mga kapwa ngtin pinoy kapag may income na pinapakita ang nagpopromote, lalo na ngayun na putok na putok itong tapping mining, yung mga kilala ko nawala ng gana sa Axie abay bumalik.

Kai naisaip nila wala naman investment effort at time lang naman bukod may isang example sila na yung mga nag active ay kumita at ito nga ay yung Notcoin.
Basta pagkakitaan sa internet pasok tayo dyan lalo pat libre.

             -     Kung sa bagay tama naman yan, hanggang ngayon kasi madami parin ang mga kababayan natin na pakitaan lang ng pera na kumita ng konti sa crypto at kung madalas pa nga magpapakita lang ng pera kahit hindi naman talaga sa crypto nanggaling yung pera ay palalabasin nila na kinita nila sa Bitcoin.

At madaming mga pinoy parin ang napapaniwala ng ganyang paraan ng mga mapalinlang na mga ibang mga pinoy na kababayan natin, ewan ko ba karamihan parin sa ating mga community na lokal sa bansa natin ay madali parin mauto dahil andun din kasi yung greediness sa kanilang isipan.

[Text]

Did you notice that too?

We indeed making significant strides in cryptocurrency adoption, it’s fascinating to see how the enthusiasm for digital assets is growing. This trend reflects a broader global shift towards embracing the future of finance. I noticed how local businesses and remittance services are increasingly integrating crypto solutions. It's truly a transformative time for the financial landscape in this region!

https://www.chainalysis.com/blog/2023-global-crypto-adoption-index/
https://www.coingecko.com/learn/top-crypto-exchanges-philippines
https://digitalcoinprice.com/blog/crypto-adoption-in-philippines-a-comprehensive-overview