Kakashi2020

I do agree but, before you could find legitimate sites to earn cryptocurrencies, you'll first encounter a lot of scam sites, so it is better to warn others.

What are the Bitcoin and Cryptocurrency Scamsites that you've encountered? Do tell how you where scammed.

I usually buy mobile and internet load using GCash and Paymaya and I only get a rebate of 5 percent. There are also promos of free stuff and discounts, the best part of it is I can seed both accounts via my PayPal which is a service not applicable with coins.ph. I really hope that coins.ph can be seeded by PayPal soon.

If 16 million Bitcoins are presently circulated and there's less than 16 million who owns one Bitcoin then it seems a good portion of it may be lost or missing. Would this affect the value of Bitcoin in the long run?

Those are great information, it's the first time I heard about it. I do know that a certain Satoshi Nakamoto is the creator of Bitcoin and I've watched his interviews but why is he telling people that he did not invent it?

The way I see it is whatever happens Bitcoin would definitely appreciate and would double, triple and who knows it's price might even appreciate to x10 or even x20 but whatever happens it would certainly double. I'm planning to invest some good money next week.

I normally use my atm account to pay for bills because all bank atm nowadays has a payment portal. I really don't seed my coins.ph because I only have it for its crypto features, it's where I deposit crypto payments. I think I've only used it twice in the 3 years I have it.

Bitcoin's price has been appreciating for 5 days from a low of $6.2K it's now at $6.7K. Is this a signal for a big rally? If it rises for another week then this maybe the time that Bitcoin would become bullsh again.

Thanks, I already have a coins.ph account but I seldom use it because I really don't receive or get paid via cryptocurrencies only cash that's why I'm using GCash via PayPal.

I think that by having stores that only accepts Bitcoin would help legitimize it further and if someone opens up one, others will follow.

But with Bitcoin it's different, you can really earn a lot of money by buying directly and holding on to it in your offline or online wallet. The problem is a lot of people are wary in investing in it and most fall to the clutches of get rich quick ponzi schemes using Bitcoin as bait.

If you have a $10000 savings, would you invest half of it in Bitcoin? Is a $5000 investment in Bitcoin worth the risk?

That was also my thought, I mean China might be mining secretly, because it's one of the cheapest country to mine bitcoin. While they don't want their people mining because it would disrupt their economy if something bad happens because they do have a lot of enemies.

What if someone put up an online and offline store in which you could only use Bitcoin? Would such a store become successful? What's your opinion on this?

Yeah I guess so, today the price appreciated a bit to $6.2K but tom or the next day it would probably go lower than $6.1K.

I do agree with you on that BTC price will depreciate more until it reaches the $5K-$5.7K mark. I had an illuminating discussion with another member and it seems that he mapped the Bitcoin price of the years, he found a trend that could be summed up as whenever the price shoots up it'll depreciate and stabilized upon reaching 25 percent of the high. It means if the december high is $20K then it's going to stabilized in the $5K level before it shoots up again to triple or quadruple the high so the next bullrun will appreciate the price to a $60K to $80K level even above that.

The price in my assessment is still dropping it's at $6.1K now nearing the $5K threshold. I think it would reach $5.5-$5.8K next week.

I think that there's still a few who are minng, those who are living of the grid using free alternative energy and others who's getting free power. Unlike last year in which thousands where mining, nowadays there's only few people into it

What are your thoughts and fearless forecasts about the bottom price of Bitcoin? Today the price is at $6.3K. My forecast is it would eventually settle to $5-$5.5K before hitting a new high.

But why are they not accepting money if one wants to invest and buy some cryptocurrencies from them? I can't see the sense in that.

Considering your explanation then we could assume that a $20K December 2017 price would or could depreciate to a quarter of its high which is about $5K so that means the price of Bitcoin at present may go down further and could settle at $5K before it takes off again to a new high.

I too believe that it's a legitimacy issue and that most governments are shunning away or keeping a distance to avoid legitimacy of said cryptocurrencies. I guess they have a valid reason in doing it to, in my opinion it's to protect the citizens as well as the economy.

When you think about it, it really has no sense right? And it doesn't even feel right. In my opinion it might have something to do with legitimacy issues and by not accepting fiat money, these cryptomarkets has a loophole in operating their businesses.

That crossed my mind a lot and the only logical reason I can think of is, maybe it's because of some law that would make them liable if they sell something and get paid with real money.

But I can't help thinking, why Satoshi denied that he developed it? I mean I think there's more to the story and logically it's more feasible for a group of people to develop it and not one man. Right? So who really was behind Bitcoin? That really is the unanswered mystery here.