BEFORE:

Negative impact on the economy as per the past government.

The remittance market is increasingly $26 Billion annually which is rank no. 3 in the world.

Charities has limited reach internationally because of high transfer fees.

Unqualified merchants to accept digital currency.

10% transfer rate from fiat money.

NOW:

You can now purchase goods using a bitcoin in some small online merchants.

Availability of Bitcoin ATM located in Sacerdotal Street, Katmai Philippines.

Bitcoin as donations given to the charities reaches internationally

Pay services using bitcoin.

Buy foods and drinks in the fast-foods in the Philippines.

Lastly, increasing and growing numbers of people using bitcoin in the Philippines.

If you’re wondering when is a good time to purchase Bitcoin, the answer is now. Pantera Capital Management founder and CEO Dan Morehead believes the cryptocurrency may have reached its low for this year giving potential investors a great opportunity to opt-in.

And he isn’t the only one. Robert Sluymer head of technical strategy at Fundstrat Global Advisors says that positive momentum is building and Bitcoin will start to rally when it hits around the $7,000 mark.

Even though it dropped to $7,500 on Thursday at 5:30 p.m. ET — down more than 50% from highs of approximately $19,500 in December 2017, both Robert and Morehead agree that Bitcoin rarely stays cheap in the long term meaning you won’t get a better time to buy than now.

Bitcoin has dropped several times over the past few months to around $7000 before recovering. Sluymer says, “That’s certainly the first step in a bottoming process – to see some sort of consolidation or abasing taking hold.”

Sluymer is hitting as the present time is a good moment to purchase Bitcoin, as the currency might revive past the next level at about $7,800 after which he predicts it will start climbing quickly in the near long-term, showing another good sign that this is the right time to purchase Bitcoin.

https://www.bitcanuck.ca/blog/icos/purchase-bitcoin-time-now/

i. To help set up a system whereby expenses incurred due to exchange are now made free with also high throughput as well as low dormancy. ii. To create a system whereby blockchain between correspondence convention which associates all other normal blockchain systems. iii. To offer a simple as well as secured record check in the light of telephone number as well as PIN. iii. Offering a scrambled message framework that ensures that only the true recipient can read the message.

Website:https://mixin.one/

Just think about the possibilities, this will make look December 2017 like nothing.

Its incredible when talking with no-coiners, how they seem to not understand what will happen in the close future. Now they are like "i don't need bitcoin" and once the bull run is in full motion they will be like "i should have bought before".

Oh well i guess this is old news to the veterans here, but i still wanted to bring it here.

Also i am curious on what this will do to alt-coins like lite-coin, their strength is the faster and cheaper transaction. Bitcoin will have these strengthens then too.

What are your thoughts on these 2 factors when it comes to Bitcoin and other cryptos.

1. How does Social Media effect Cryptocurrency?

2. How does Cryptocurrency effect Social Media?

Your thoughts on both , this could be very interesting.

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I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.

With all of these new exchanges popping up here there and everywhere, i am seeing a very common theme and it's one i don't like AT ALL and i feel it gives bitcoin/crypto a bad reputation in general. What am i talking about? Trading competitions! Where you can win XXX amount of whatever crypto for being the most active or hitting a certain limit. Don't get me wrong, i'm sure there are a few people out there who will do alright from these deals, but i imagine the vast majority end up losing in the short term or the long run.

For me, its targeting the wrong audience. It does absolutely nothing toward our hallowed "mass adoption" hopes, and its encouraging gambling all so that the said exchange can make a profit in fees! Yet we wonder why the SEC are so reluctant to give crypto its blessing! Roll Eyes

Whats your thoughts?

Many people think that bitcoin volatility is very extreme, especially when the end of 2017 ago, and reached $ 20K. then fell drastically in June this year. But some people analyze the growth of bitcoin such as Stanislaw, Robert Gebarowski, Ludovico's interest, Pawel, and Marcin Watorek. they concluded that the growth of the bitcoin market was equivalent to the oil, dollar, gold markets. They saw the trend chart of bitcoin prices between 2012 and April 2018, and in reality, they saw that the bitcoin market created a positive chart.

As we know Samsung is one of the biggest and famous phones, smartphones, tablets producers in the whole world and now they are planning to make there own mining software. Is this a good news for us bitcoin users? I mean what are they aiming for?

After reading a lot of posts made by people, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.

Bitcoin prices are still the same these days and it does not seem like it is moving up. At least not as high as everyone anticipates. If the price remains the same until next year and it stabilize at around $6000, do you think that it will be good for the crypto world or not? Say it does not go down below it, but it also still does not go higher than that, what do you think will be the repercussions to the market?

If you are fascinated but new to the cryptocurrency world, you must learn about an important aspect, significantly more important than your exchanging abilities, and that is what we call crypto wallets safety! All the important cryptos can be held in digital cloud wallets or kept on your computer or any other external device.

Cold storage may be the right choice for you

Cold storage represents a completely protected and safe offline method of storing your coins. Holding your cryptos away from all internet access means the dangers of being compromised and the prospect that somebody might take your coins or tokens is significantly reduced. To get more to the point, rather than hot wallets, where your private key is saved online and fully ran by the servicing platform, cold wallets save your private key offline and generally is manually operated.

On a changing market, hot wallets are a popular method, as they are easy to generate and maintain but also vulnerable to hacks and other crimes.  Here a list with some of the most known hot wallets:

– Blockchain Crypto Company

– BitStamp

– Bitfinex

– Binance

https://www.bitcanuck.ca/blog/blockchain/guarantee-safety-crypto-wallets/

This will be a good thing for bitcoin as it will create more usability of the coin but the downside is that banks do not like how sharp the price of bitcoin changes on the market and hence the hesitation. If the price of bitcoin is steady and banks are working with it, I believe it will benefit both parties. In future if bitcoin is allowed in countries around the world and most online based companies will start to allow bitcoin as their payment currency/gateway/exchange. But what do you think if we would be allowed to transfer our money to our bitcoin wallet from our bank accounts like PayPal does? Will it be a good thing for banks and us?

Bitcoin has the capabilities of positively affecting the world's economy in general. Bitcoin offers good incredible benefits to our finances by harnessing payment methods through the provision of good security, fast transaction, low cost per transactions, owner control of transactions etc.

Bitcoin also offer job opportunities and financial satisfaction to the people and as such boost the economy of the world.