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Pinoys doing Bitcoin Trading in the Philippines?

smoe87 · 35 · 16007

stockbreaker

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anu po itong bitcoin? nacurious lang po, tinetrade din ba ito?


Prospera

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^Yes, there are a number of exchanges where trading in bitcoin (as well as other cryptocurrencies) takes place. I think the major ones are in Japan (Mt. Gox) and in China. A couple of MT4 forex brokers offer this service as well.

There's another bitcoin thread here that you might want to look up. And there are lots of online info on cryptocurrencies if you'd care to do a google search.

Opinions are divided up to now as to whether it's a passing fad or the wave of the future. What's amazing, though, is how parabolic the rise of bitcoin's value has been this past year (if I had bought 10 bitcoins at $5, it would now be worth more than $10k, which would be 200x my $50 initial investment).

PS: Bitcoin, I understand, has fallen to $605 as of  today so the above example is no longer accurate.
« Last Edit: Dec 07, 2013, 05:45 PM by Prospera »


bloomberg

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^Yes, there are a number of exchanges where trading in bitcoin (as well as other cryptocurrencies) takes place. I think the major ones are in Japan (Mt. Gox) and in China. A couple of MT4 forex brokers offer this service as well.

There's another bitcoin thread here that you might want to look up. And there are lots of online info on cryptocurrencies if you'd care to do a google search.

Opinions are divided up to now as to whether it's a passing fad or the wave of the future. What's amazing, though, is how parabolic the rise of bitcoin's value has been this past year (if I had bought 10 bitcoins at $5, it would now be worth more than $10k, which would be 200x my $50 initial investment).

PS: Bitcoin, I understand, has fallen to $605 as of  today so the above example is no longer accurate.

Even in less developed markets, exchanges and dealer/brokers are government-regulated and are licensed in order to lawfully deal with the investing public.  These so called bitcoin exchanges are not financial institutions - they are web-site operators providing quasi-exchange services. 

A sophisticated investor would want to know what his recourse would be in case of a default by Bitcoin - who do I go to if the market value of my virtual wallet goes down to zero?.  What is a bitcoin's intrinsic value?  Who does the "mining" and who controls them?  If it a self-regulating monetary environment as the proponents claim, then why is it the preferred exchange mechanism by drug dealers, money-launderers, and international crime syndicates?


prnd32

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Bitcoin is still centralized after all, according to this article... http://www.globalresearch.ca/will-digital-currency-replace-the-us-dollar-wall-street-strategy-to-make-bitcoin-the-global-currency/5361021

An excerpt:
"Guess who are also very eager about Bitcoin?
To name a few – Warren Buffet (the insiders‘ insider), Bill Gates (―It‘s a techno tour de force.‖) and Eric Schmidt, Chairman of Google (It‘s changing society‖). These three and the other members of the 0.01 per cent have already cornered the Bitcoin Ponzi scheme. If you are one of the late-comers, you are one of hundreds of thousands being led to the slaughter house."


etc

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magandang pasuking ang cryptocurrency trading lao pa't marami ng ICO.



cruzmervin217

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really interested in this, but I have no idea how to start hahaha


Leapreneur

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Yep.
Try Coins.ph Madaming mode of payments specifically in the philippines Bank Transfer, 7/11 and etc.
You can even set up a loading station since they have rebates and small discounts everytime you load to them.


Bitworx

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Late na ba mag invest sa bitcoin? nasa approx. $8,000 na today to a bitcoin... sa atin malaki na talaga yan but you can still buy small and if you are interested I can share a platform giving up to 1% interest per day in your bitcoin investment. PM me if you are interested. thanks!


Ikot

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I am pretty sure there are lots of bitcoin traders here. It is really profitable nowadays.


pokerdude

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Can someone please explain how Coins.ph bitcoin buy/sell works?

I see a ticker at the homepage (buy 500,000 / sell 495,000). Is that the price of bitcoin to php? Hindi ba tumataas value ng bitcoin, so bakit palagi mas mababa yung sell offer?  Di ba dapat baba lang value pag bumaba halaga ng bitcoin and vice versa? Apologies if this has already been asked before.


jogoks

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Bitworx

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any coinbase user here?

blockchain po ako at coins.ph the rest all trading platform like bittrex, poloniex, etc.


Kaching

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magsisimula palang ako magbitcoin uli, using a NVDIA GTX 1060 VGA set up. San po ba makakabili ng hardware dito for mining?


Technobilder.de

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Bitcoin is way too expensive for trading or becoming a millionair in weeks.

I would suggest you use coins.ph to buy initial bitcoin - lets say fpr 10.000php
Then you register with an exchnage that allows to trade very cheap coins - theres quite a few like hitbtc.com or binance.com
You transfer your BTC to that exchange and then buy 20 of the cheapest coins - that way you will be able to buy at least 1000coins each.

And then you go to sleep for at least 6 month - or better one year - before you take a look at your coins again.
If only 1 reached 1 US$ and you bought 1000 of it - you have 50.000php - but as you bought 20 different coins and 1US$ is only a number - it can be much more...
Then you can change those coins back into Bitcoin and back to your coins.ph wallet to cash out.


 


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