From what I've read, Bitcoin now charges high transaction fee and long transaction wait time so it can't presently be used:

a) for a conversion from Bitcoin to cash?
or b) purchases using Bitcoin?

Crypto is ruled soon by sec and goverment its not goodw

Make your cash and get out of crypto
Pepple dont like regulated things fuck rules and regulations crypto is freedom if the goverment start fuck woth our bitcoins and crypto then its not good


We stay for using cash 

Would Satoshi Nakamoto hide some private key with stored bitcoins hidden in this or another forum?  

It would be interesting if he did  

Na-intriga ako nung nakita ko yung thread na ginawa ni crzy dito sa local board about kung pwede na daw ba maging cashless society ang Pilipinas dahil na din marami na ang "online sellers and buyers" sa Pilipinas. Bakit ako na-intriga? Kasi alam ko na yung sagot dito na hindi pa ready ang bansa natin i-give up ang cash transactions in favor of electronic ones kahit na may pandemic tayong kinakaharap being a cashless society isn't really a solution here either. Originally dapat gagawing kong post lang ito sa thread ni crzy but nakita ko masyado akong madaming puntos na gagawin at mahaba ito para maging isang post lang kaya ginawaan ko ito ng sariling thread.


1. 52.8 Million (77%) Adult Filipinos are Still Unbanked


As of the latest Financial Inclusion Survey na ginawang ng Bangko Sentral ng Pilipinas nuong 2017, 77% o 52.8 million na Filipino adults ay wala pa ding bank accounts. How can we be a cashless society if karamihan pa sa populasyon natin ay walang formal bank account? The success of being a cashless society ay talagang naka-depende ba talaga kung handa na ang sarili nating populasyon na maging digital yung mga payments natin, kung karamihan pa sa populasyon natin ang unbanked o yung mga taong wala man lang bank account will you say we are ready for a cashless system? I personally don't think so the learning curve for people who are unaware of digital payments will be very steep for them, hindi ako nandito para laitin sila pero hindi naman nila kasalanan kung bakit hindi pa sila ready sa ganitong sistema lalong lalo na kung biglaan at hindi necessary yung pag-babago



Ang mga Filipino na nakatira sa mga rural regions ng Pilipinas na may bank account lang ay 5.1% ng populasyon.  Kung ang pinag-uusapan natin rural areas ng bansa ito ay ang tinitirahan ng mga Filipino na ang trabaho ay magsasaka, mangingisda, o magbubukid? Kung limang porsyento lang ng Filipino sa Rural regions ng Pilipinas ay may bank account how do you expect them to transition on a cashless society? Nakasama na ako sa madaming outreach programs sa mga rural areas ng Luzon if i-abot mo sakanila yung mga laptop, camera, o cellphone mo most of them will be clueless kung paano ito mapagana kahit sa teenager mo pa ito i-abot ay clueless pa din sila kung paano gamitin, yung mga cellphone nila ay hindi yung mga colored display pero similar sa Nokia 3210 na basic lang ang cellphone, if magiging cashless society tayo sila ang pinaka-mahihirapan mag-adjust.


2. "Cash is Still King" According to BSP Based on the Payment Methods Preferred by Filipinos


With the results of the research BSP was able to show kung bakit ang Philippine Peso pa din ang ginagamit ng mga Pinoy sa kanilang mga bayarin.

• Purchases of Goods - 78% of Filipinos opt out in paying cash on the purchases of goods. 62% paid cash directly to merchants (Over-the-counter Payments) while 16% payed via Cash-on-delivery (COD)
• Payments for Utility Bills - 69% of Filipinos still pays cash for their Utility Bills (Water, Electricity, Rentals). 57% paid cash directly to the utility companies while 12% paid cash using Bayad Centers
• Payment of Loans - 79% of Filipinos paid in cash for their loan payments.

With the majority of the population still paying in cash dito niyo makikita na hindi pa ready ang Pilipinas sa suddent adoption ng mga cashless methods. Ang mahalagang i-note dito is 20% lang ng populasyon ang hindi nakaka-alam/aware na may mga alternative payments aside from OTC payments at COD but sa majority ng populasyon ay talagang preferred nila ang pag-bayad gamit ang pera. Even if may convenient way of paying sa bills, goods, at services makikita mo na ang mga Filipino ay talagang gustong gamitin ang pera nila sa pag-bayad, dahil nasa majority pa din ng Filipino ang nag-babayad sa cash sa tingin ko it is safe to say that we aren't ready to adopt cashless payments as the preferred choice sa Pilipinas.

cryzy pointed out na dumadami na ng mga "online sellers at buyer" natin dito sa Pilipinas well this data just show that even if sumisikat na ang online selling sa Pilipinas ang mga buyer pa din ay cash ang preferred nilang mode of payment. I personally prefer cash payments via COD kung ako ay may bibilihin sa Shopee or Lazada because based on my personal experience lahat ng online shops na may "pay first before deliver" na rule ay most likely scam or may defect yung item nila. Yung pinaka recent na experience ko dito is nung bumili ako ng disposable mask worth 1200₱ at napilitan ako magbayad through Dragonpay (BTC payment) after two days behind ng expected delivery ay dun na dumami nag-sabi na scammer yung seller at hindi dumating yung delivery nila buti nalang nakuha ko pa ulit yung bayad ko dahil yung bayad ay hawak pa rin ng E-commerce website na pinagbilihan ko.


3. Roughly a Third of the Population are Aware of What (Particular) E-Payments (PayMaya, GCash, Coins.ph) Are


Only a third of the population ay may alam kung ano talaga ang e-payments and ang nakakabahala sa numero na ito is yung mga na-una na E-payment services which is PayMaya at GCash, yung dalawang ito ay galing sa ating mga telco providers ang PayMaya ay galing sa Smart Communications at ang GCash ay galing sa Globe Telecommunication. Sa tingin ko yung numero ng E-payment awareness sa Pilipinas ay mas mababa pa kung hindi lang linakasan ng Globe at Smart yung marketing and promotion nila for GCash at PayMaya, repectively. Dahil kung hindi sa marketing at advertising nila sa E-payments nila makikita mo naman yung kompetisyon nila na kung saan nasa 2 to 6% lang ang aware sa E-payment service nila.

Keep in mind na yung numero na ito is E-payment "Awareness" lang hindi ito nag-rereflect sa tunay na dami ng users ng isang E-payment service sa Pilipinas, pero it safe to say na yung numero ng user is mas mababa kumpara sa aware ng serbisyo nila. Ano masasabi nito kung ready na ba talaga tayo sa cashless society? If kakaunti lang ang tao na aware sa e-payment services it only means na hindi pa tayo handa na maging cashless society, tandaan sa number 2 makikita niyo na cash payments pa din ang preferred ng mga Filipino this also excludes credit/debit card payments as well na kaunti lang din na gumagamit na Filipino sa kanilang mga payment transactions.

---

Not until we see a considerable improvement sa mga numero na ito I don't expect na merong need i-push ng gobyerno na maging cashless society tayo. Bukod sa ang cash ang pinapaboran sa bansa kasalukukuyan hindi rin tayo technologically inclined lalong lalo na sa mga rural areas ng bansa kaya mahihirapan tayo mag-adjust. Sa ngayon wala na tayong magagawa as an individual hindi natin sila pwedeng i-push sa isang payment method na kahit sila mismo ay ayaw gamitin, this kind of adoption will be heavily dependent towards the modernization of our country. If kaya ng sumabay ng mga Filipino sa ibang lugar in terms of being technologically literate sa tingin ko ito yung tamang panahon na handa na tayo maging cashless society.

When the pandemic hit, the US dollar was as mighty as ever. Despite talk of faltering American supremacy, the dollar ruled as the medium of international trade, the anchor against which other nations value their currencies, and the “reserve currency” most central banks hold as savings.
Before the US, only five powers had enjoyed the coveted “reserve currency” status, going back to the mid-1400s: Portugal, then Spain, the Netherlands, France and Britain. Those reigns lasted 94 years on average. At the start of 2020, the dollar’s run had endured 100 years. That would have been reason to question how much longer it could continue, but for one caveat: the lack of a successor.

Read the article @ https://www.ft.com/content/ea33b688-12e0-459c-80c5-2efba58e6f1a

At the time of writing this thread there was no paywall at Financial Times for this article 

They are of the point of view that since internet cannot replace the newspapers, the same is true with the banks. Being a crypto lover, i would love to see banks eliminated but does these big people with so much money will let that happen  

Bago ako mag out sa work ko ay sinilip ko ang price ng bitcoin tapos pagdating ko sa bahay silipin ko ulit akoy nagulat 44+ na pala sa binance. Share ko lang po ito kasi isa ito sa nakita kong dahilan kung bakit nag pump ang presyo ni bitcoin (ATH)


Maraming reason pero isa itong magandang balita at nagtulak ulit para magpump ang bitcoin.

Nakita niyo na ba 'to?

Holdings: BTC309,169.419


^ Photo grabbed sa isang FB crypto group. Hindi ko na din sinundan yung main link pero ayon sa comments eh naipon daw yan sa maagang pagmimina. Ang tibay din niya mag-hold. Kung ako siguro nyan baka marami na ako nabenta nung 2017 pa lang. May kaya din siguro kaya ganun.

Sa presyo ngayon na $49,000 per BTC at sabihin na nating Php50 per USD, tumataginting na Php 757.46 Bilyon Ilang henerasyon na siguro mabubuhay nyan 

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

It look like bitcoin is heading to replace the silver marketcap this year. How quickly bitcoin is moving up, no one can't imagine.

I seen that cryptocurrency want to be highjacked by rich people, looking around  countries currently, its noticeable that bitcoin increase everyday, every week and every months, the more rich people are investing with cryptocurrency the more government attacks cryptocurrency, most countries that values crypto today is having challenges with government, since bitcoin is important to the extent that top people invest on bitcoin why can't government alone adoption of bitcoin.The Rich's are causing eradication of cryptocurrency
Across the world.

* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?

1. Kung ikaw ay baguhan sa forum na ito ugaliin mong magbasa. Para matuto at maging familiar sa mga terminologies.
Karamihan kasi sa atin gusto kagad mag-rank up and mag-campaign dahil nakakasilaw nga naman ang laki ng kita kapag sobrang taas na ng rank mo.

2. Unawaing maigi ang mga binasa. Kung hindi mo naunawan ang iyong binasa baka ito ay magdulot sa inyo ng false sense of security dahil familiar ka sa topic pero wala kang angkop na kaalaman. (Meron ka ngang impormasyon pero hindi mo ito nai-aapply)

3. Ugaliing i-search sa google kung hindi ka sure sa campaign or feeling mo sketchy yung rates ng campaigns. Suriing mabuting ang campaign na gusto mong salihan. I-background check mo. Tignan mo kung legit ba yung website nila, may mga additional information about sa timeline ng token, may support ba yung campaign at kung may red flags ka na nakita pwede mong i-double check sa https://bitcointalk.org/index.php?board=83.0 kung similar sa mga nandito ang istilo nila.

4. Magpost ng mga kalidad. Naalala ko noong nag-sisimula pa lang ako dito sa forum karamihan sa mga kaibigan at kakilala ko ay nagpopost lang para masabing may napost dahil naghahabol. Magpost ng may sense at relevance sa topic na tinatanong, wag basta basta at bara-bara.


1. Kalkulahin kung magkano ang nalugi. Mahirap balikan at sariwain ang perang nawala na pero ito'y makakatulong para tumatak sa iyong isipan na dapat ito ay hindi na maulit at susubukan mo ulit mabawi ito.

2. Saan ako nagkulang? By the time na na-compute mo na ang mga nalugi sayo maiisip mo din kung saan ka nagkulang. Hindi ba ako tumingin sa chart bago magtrade? Hindi ba ako nagbabasa ng update ng holdings ko?

3. Ugaliing magcheck ng charts, update ng tokens at news bago magtrade. Sa simpleng pag-tingin sa chart or kung may update sa telegram ay maaring magdulot ng sure na luge or sure na panalo sa trade. For example,yung token mo is lalabas pala sa top exchanges within a week pero binenta mo kaagad dahil hindi mo nabasa. Check frequently ang charts ng holdings mo either app sa phone or widget sa pc.

4. Maging positibong ang pananaw sa hinaharap. Ito ang pinakamainam na maiipapayo ko sayo kapatid kung ikaw ay nalugi. Loss is loss pero may mga lesson ka na matutunan along the way. Dapat kang matuto at hindi maglugmok sa sulok. Maghanda sa susunod na pagpapala at tumulong din sa iba.


1. Magtabi ng para sa Savings at funds. Magtabi para may maidudukot sa oras ng kagipitan at pangangailangan. Subukan niyong ihawalay ang expenses account at savings para hindi ito kaagad nagagalaw. 2 Bank accounts [1 Savings, 1 Expenses, 1 Emergency Funds*(Optional)]

2. Sulitin or I-enjoy ang mga kinita. Kapag nakapagtabi ka na ng pera mo maipapasok mo din sa gastusin mo ang mga gusto mong gawin or bilhin. Mag-travel, mamili ng mga gadgets, mang-treat ng mga mahal sa buhay. Ang pera babalik lang yan pero yung mga experience at panahon mong magbonding sa mga mahal mo sa buhay, kaibigan or special someone ay mas mahirap palitan.
 
3. Tumulong sa mga nangangailangan.  I-share mo ang iyong blessings, anonymously or intentional as long as ikaw ay nakakatulong sa iba lalo kang pagpapalain. Nakikita ng Panginoon lahat ng iyong ginagawa at nilalaman ng iyong puso. Masayang tumulong lalo na kung nakikita mo ang pagbabagong naidudulot mo sa buhay nila sa simpleng pagtulong mo.

Maraming Salamat sa Pagbasa! Hanggang sa susunod sa muli.  

Lahat ng mga cryptocurrecy holders ay kinakailangan mayroong Cryptocurrency Trackers ng kanikanilang mga assets upang malaman ang kasalukuyang presyo nito. Dahil may mga araw na bigla itong tumataas o kaya bumababa ang presyo nito sa hindi inaasahang pangyayari. Dahil jan narito ang mga listahan ng mga Cryptocurrency Trackers na pwede nating gamitin para malaman ang mga presyo ng mga coins na meron tayo.

I click lang ang mga larawan upang mapunta sa site na napili mong Crypto Tracker para sa inpormasyon na kailangan kung pano ito gamitin.


Credits sa kanilang mga respective owners.

The major governments of the world have for some time been laying the groundwork for their own national cryptocurrencies. Does that matter? Yes, it matters a lot. Bitcoin will be a direct competitor.

Why do they do this? To remain in financial control and to stop financial crime like whitewashing of funds from happening. Is it likely to happen? Yes, the US banned holding gold privately in the 1930's. So that the US government was to be a monopoly gold holder in the US.

There is a clear danger that the US, Europe, China, Japan and others will get togheter and flat out ban and even criminalize the usage and holding of Bitcoin. Resulting in after the ban, if you are cought using and holding BTC, you would get a huge fine or jail term.

The price of Bitcoin would get killed completely, you would be looking at Bitcoin below $1000.

How likely do YOU think this scenario is? Although you might say this is only speculation, IT IS A FACT that these countries are working on cryptocurrencies of their own.  

Hi Everyone!

I think it's time we had a serious discussion on whether or not Bitcoin is a better store of value than Gold. This topic has caused a lot of controversy over the last few years, so I would love to hear your thoughts.

Which asset do you think is a better store of value?

I wrote up some of my thoughts on whether Bitcoin or Gold is a better store of value.

However, I'm certainly open to changing my mind!

Looking forward to the conversation.

What a dumb move. Honestly who would care about their digital money since they are the same thing as their currencies? Dreamers. The race is already won.

https://www.coindesk.com/bitcoin-race-for-adoption-central-bank-digital-currencies

Will share my merit points with you on this thread if I like what you're sayin'

For the first time ever, Bitcoin reached a new All-time-high (ATH) of $40k per coin. Those who held Bitcoin since 2017 (or before) would've made a lot of money by now. Unfortunately, prices have stalled as Bitcoin is stuck between the $30k - $32k range. It could be the cause of whales buying the dip to pump the price at a later time. Whatever the reason for the price drop, Bitcoin is still much more valuable than what it was a couple of years ago. If the pandemic continues to take the world by storm, we may continue to witness new ATHs in price.

All of this makes me wonder, will Bitcoin will reach $50k by 2021? If it does, 2021 will prove to be Bitcoin's biggest year with astronomical returns for early investors. Right now could be the perfect buying opportunity while Bitcoin is still in the $30k range. What are your thoughts?

I'm considering to possibly add Bitcoin and other altcoins as a way to pay for goods purchased on my online store.

Is this a good idea? Are there any risks (other than the volatility)?

Is anyone really going to use this?

I'm afraid that my customers may not be much into cryptos, but I guess that it's hard to tell until you try ...
I also have some doubts on the technical side.

Thoughts?

Thanks in advance