Bitcoin/cryptocurrency= uses 42 Terawatts, probably more

Banks(hundreds of thousand bank building and ATM)= how much electricity they consume?

Since bitcoin is comparable to GOLD the answer is yes but it will be a question of when... The only way to minimize the risk on cryptocurrency is to buy small amount in a regular basis, of course only a portion of your portfolio.... Huwag kang padadala sa mga nakikita mo at nagsasabi that they can time the market and they are now making a lot of money....because you can be right 50x and only wrong once to blow up your account...Hope you will feel better and not give up in playing/betting to cryptocurrency....

I think this is the BEST financial system na nakita ko para sa mga ordinaryong Filipino....P***ng **a mga banko walang silbi, gagamitin lang ang pera mo pero pag uutang ka 10x ang interest....YOu guys wake up...this is our future bitcoin/crytocurrency...

Wala ako sa mga option dito...


I still hold bitcoin/cryptocurrency na parang gold(paper loss lang yan) but I am not also buying/adding position on bitcoin/cryptocurrency as of now... BUT MY ULTIMATE PLAN is to have more portion of my asset on BITCOIN/CRYPTOCURRENCY than GOLD/cash combined... I'll will do this by placing small amount in a monthly/quarterly basis regardless of the price....

Imagine mo na lang boss na GOLD ang BITCOIN, so same strategy when investing in gold....DO NOT EXPECT na bilang akyat ang price ng bitcoin...This is more tied up to DIGITAL WORLD habang nagiging hitech ang mundo or mga tao, mas lalong nagiging importante ang cryptocurrency/bitcoin...SO always minimize your risk, buy small amount(only allocate 1-5% of your total asset)...God luck
 

I would not expect too much na aakyat ito after a dip, pwedeng mag steady lang ang price ng ilang years or pwede rin na biglang akyat tapos baba ulit....Hindi ito isang stocks na umaakyat lang sya in the long term...Although,  Im still bullish on bitcoin but I would rather buy steady in small amount(should be 1-5% of your portfolio ang iaalocate mo sa bitcoin/cryptocurrency) then HOLD IT LIKE A GOLD.. Im VERY CERTAIN ITS NOT A GOOD IDEA TO TRADE BITCOIN/CRYPTOCURRENCY....you would rather go to FOREX if you want day trading...

But there is a good thing about bitcoin, its easier to liquidate...Madali lang ibenta kapag kailangan mo.

Sino po ang nakakalam kong paano magshort ng mga ALTCOINS? I want to make a short position on some altcoins such as XRP, IOTA and TRON

I think meron lang tayong coin.ph, which is only peso to bitcoin and vice versa....Sa tingin ko mas maganda na ito maraming function like paying bills, load, transfer, etc....This is better than purely an exchange platform, in my own opinion when your only using bitcoin/cryptocurrency to exchange or convert to other cryptocurrency or fiat, it is more of gambling.....

If you only have a small amount of money you would rather have that  in coin.ph or if there is something similar than placing it in the greedy Philippine banks...

Ang price/value ng bitcoin nasa 9K to 12K for the last 2 weeks.. magandang senyales ba ito sa mga bitcoin/cryptocurrency investor o hindi? Any opinion/ idea?

The more they make it hard for people to own, the more this cryptocurrency go up in value...

Probably like a token that can be use in smart contract... something that will suit the need of a Filipino(not just  to have a huge profit) pwedeng CHARITY in the form of cryptocurrency or CROWDFUNDING....Since ang purpose ng blockchain or cryptocurrency is not to trust anyone, so pwedeng tanggalin ang mga buwaya na politiko at banks sa equation kung gusto mong maiabot ang tulong directly sa mga nangangailangan....

There is only one thing SPECULATION, that the price just up.....so you buy low and sell it at a higher price.....

Not totally related to stock market or economy, BITCOIN has a GOLD and currency characteristic....

Why?

GOLD characteristic dahil deflationary ang bitcoin it is use as a store of value
Currency dahil pwede mo syang ipalit sa ibang product, madali rin syang itransfer sa ibang tao..

I will go with Stellar and Cardano.... I have both....not a good idea na masyado kang maraming ALTCOIN....Just make sure you have bitcoin and etherium first before acquiring altcoin

not impossible kasi its already more than 50K..

Of course, it will defeat the purpose of cryptocurrency/blockchain if the government will have a total control of the system but if this system has to go mainstream then they will not have a choice but to get involved...

Government involvement(not just issuing warnings) means that it can be like a creation of a organization/body to certify(like an accreditation) any ICO's that are being offered in the public....Although we understand that this does not mean a garuanteed success of the ICOs.... ONe way or another this system/blockchain/cryptocurrency need to be tamed, if it has to become our future.

Before you react violently... this is not my word,I just saw an article that Vitalik think this will be the case....

Naniwala din ako dito kasi andaming nagsusulpotang ICOs(to start a business) offering token pero wala namang sinosolve na problema(yung iba pinahirapan pa ang sistema, hindi naman lahat kailangan ng blockchain) ang mga gagawin nilang business, yung iba mukhang scam...
I think we have the responsibility to not promote(I dont know how airdrops or bounty works) maski paraan pa ito para kumita ng pera... Sana naman ipromote lang natin kung naniniwala kayo sa business na ipapatayo para mapaganda ang buhay ng tao..

I really hope the government will get involved soon...

Have not seen any exchanges yet that offer short selling..

I agree on not to diversify on your cryptocurrency investment(you could do it in stocks) if there will be a specific metrics to value the coin that you choice, the problem is we know it that cryptocurrency is the future, its just we don't know which one will become more dominant in the future..

That is a great idea sir, I think we are being left behind.... It looks like some neighboring asian countries already started where in their main focus is for the unbanked population.....This is well suited in our country, with the main vision to help the unbanked and cut off middle man(bank).....

Nope... its not impossible...this will easily go to 500 thousand dollars in 10 years pag nagkaroon ng adoptation and 1 million DOLLARS in 20 years...


Just to enlighten you..
If bitcoin is better than gold then this will be the equation

GOLD market cap(world) 8 TRILLION DOLLARS, and bitcoin will reach that level if not doubled in that 10-20 years time frame.... 8 trillion dollars divided by 16 Million bitcoin equals 500,000 THOUSAND DOLLARS....then you have to add inflation, so the share of cryptocurreny/Bitcoin in asset class has to increase also...

As of now
GLOBAL Gold supply===      7.7 trillion dollars
GLOBAL MONEY supply =   120 trillion dollars
GLOBAL REal estate===    270 trillion dollars
GLOBAL Debt =======   215 Trillion dollars
GlOBAL Derivative market=====  500- trillion to 1 quadrillion


Guys wake up.... bitcoin/Cryptocurrency will go to 1 million DOLLARS because of this, it has a characteristic of GOLD, STOCK and MONEY...

HOWEVER there will be a lot of spike and dips in that time frame.
 

bumababa ang price ng bitcoin para may chance na bumili yung mga hindi pa nakabili....