.... snip .... snip ... why would users use PSB when they can use bitcoin? ... snip ... snip ...
Why focus on bitcoin when it's insanely expensive for the common Filipino? True, most altcoins lack development and community support - but not Pesobit. Don't underestimate the Filipino spirit of communal unity, work, and cooperation to achieve a particular goal. The community and dev team behind Pesobit are motivated towards having useful applications and services for this crypto -- so that means it'll have a much greater potential and opportunity to grow and attract more users. And with that value will follow. Although it is Philippine-based, there are users everywhere in the world so it won't just be Filipinos that will benefit here.
Well said - and that's how a crypto becomes successful - its the people who support it.
yea they dump their coins pretty hard from 10k down to 500sats - i'm surprise you considered that support. if that's how you understood "support" i don't know how twisted i understood it.
tell you what, it may dip down to the very minimum to around 10 sats to zilch. but i'm not gonna be surprise. thats how they support it.
whats the matter, i hurt your feelings?
yea they dump their coins pretty hard from 10k down to 500sats - i'm surprise you considered that support. if that's how you understood "support" i don't know how twisted i understood it.
tell you what, it may dip down to the very minimum to around 10 sats to zilch. but i'm not gonna be surprise. thats how they support it.
tell you what, it may dip down to the very minimum to around 10 sats to zilch. but i'm not gonna be surprise. thats how they support it.
Well that's how trading is. It's the same with the forex markets. Price dips then bounces back up. Even bitcoin had price dips. You'd understand that if you've been in crypto trading long enough, which apparently, your argument above implies that you are not.
You're comparing PSB to Bitcoin which already has a lot of history. Most folks in the cryptosphere revere bitcoin now because it's time-tested and is still continuously evolving. Pesobit is not even a year old yet so it will have a lot of stories to tell on the road to its first year, second year, and beyond. So expect a lot more challenges and improvements to pesobit.
You're too in a hurry for it to fail. That shows that by nature, you're a pessimist. Judging from your general activity, you frequent the Philippine boards so you're Filipino. How sad, a Filipino that isn't proud of his own country's crypto achievement. Stay tuned for more pesobit activity and when it reaches new highs, i hope you choke on your own words.
That is not the case at all:
(1) The majority of alts do not bounce back, or if some do, they have a limited bounce period (ping pong ball dropped on the floor).
(2) A sizable number do not even bounce, they just go nowhere.
(3) Forex is not like you describe, it is similar to the alt-world I describe.
(4) You are describing an altcoin world from about 18 months ago (even then exaggerated somewhat).
not been in crypto long enough but it didn't take me days to realize that altcoins that plumet down to almost nothing can't bounce back. Bitcoin was a success because there were just few yet during its time. nothing special to psb - thats the truth.
forex has trillions and more being traded in a day. crypto is trading cents compare to it. i have been in forex long enough that i even trade mad pairs.