crypto

Member since 27 November 2017

Andy777Member16 July 2019 05:44:44

Hi,

I am wondering if there is anybody in Davao City who has experience in crypto and able to give me advice on choosing and setting up private wallet.

Andrew

See also

Money transfer options in the Philippines - Guide

Fred Indonesia Expert

Member since 02 August 2009

A smile is the universal welcome.
Max Eastman

FredIndonesia Expert16 July 2019 06:12:58

30171

You have to find one that isn't run by:

who isn't going to die and leave no way to access his laptop (I believe that ... ermmm)

who isn't going to see a fat sack of cash and do a runner

with an unhackable system

Andy777 Member

Member since 27 November 2017

Andy777Member16 July 2019 06:22:42

Haha!
Thanks Fred..

You're in Java?

pej1111 Serial expat

Member since 09 September 2015

pej1111Serial expat17 July 2019 06:41:35

562

They only know of "Kapa"聽 Poor buggers taken by a scam.

Mike_71 Member

Member since 20 August 2019

Mike_71Member20 August 2019 06:29:56

Easy, buy btc local at coins.ph, trade btc on exchange for altcoins. Secure with hardware wallet (ledger)

Andy777 Member

Member since 27 November 2017

Andy777Member20 August 2019 06:50:05

Thanks Mike

cccmedia Ecuador/Colombia Expert

Member since 13 March 2014

cccmediaEcuador/Colombia Expert04 June 2022 07:10:39

10285

On his weekly comedy/talk program, HBO's Bill Maher

commented Friday night on actor Johnny Depp's聽 victory

in the widely-followed defamation trial that just concluded.

Bill Maher:聽 "Amber Heard, according to the court,

now owes Johnny Depp $15-million in damages.聽

"She says she's going to pay up

in her new cryptocurrency --

Sh**-coin."

Enzyte Bob ViP

Member since 26 October 2018

Enzyte BobViP04 June 2022 07:36:07

4116

At the time of the OP's post July 2019 Bitcoin was selling for $9820 USD.

April 2021 Bitcoin reached $64,863 USD

Bitcoin today June 2022 is $30,249 USD

Bitcoin volume in trading last 24 hours: $37,296,420,988 That's 37 Billion USD

Bitcoin market cap (value of all Bitcoins) $576,449,600,988 That's 576 Billion USD

***

The peso today is trading at 52.96 to US dollar, it would take P1,601,984 for 1 Bitcoin.

April 2021 it would have taken P3,435,144 for 1 Bitcoin.

Market cap P30,528,770,842,427 for 1 Bitcoin, that's 30 Trillion plus

Fred Indonesia Expert

Member since 02 August 2009

A smile is the universal welcome.
Max Eastman

FredIndonesia Expert04 June 2022 10:45:40

30171

At the time of the OP's post July 2019 Bitcoin was selling for $9820 USD.
- @Enzyte Bob

We all know it's possible to make money on bitcoin. That ability isn't disputed.

However, the fact it's manipulated by a few and most lose their shirts is also worth considering.

It's a scam - a very special one, - but still a scam.

cccmedia Ecuador/Colombia Expert

Member since 13 March 2014

cccmediaEcuador/Colombia Expert04 June 2022 22:37:31

#10

10285

Dear Enzyte Bob,

As a resident of the Philippines, apparently聽 the only country to use the "peso" in the Eastern Hemisphere, you may be presuming that use of pesos is restricted to your island country.

Not so.聽 Seven countries here in the Western Hemisphere have currencies called pesos.聽 The value versus the U.S. dollar varies widely amongst the different pesos.聽 For instance, the Mexican peso is about 20 to the dollar whereas Colombia's peso

is about 3800 pesos to the Dollar.

-- cccmedia in Quito, Ecuador (where the U.S. dollar is the national currency),

聽聽聽 OP of this site's Colombia Forum thread 'Dollar Domination' about the

聽聽聽 fluctuations of the Colombian peso against the dollar.

Okieboy Serial expat

Member since 20 October 2011

OkieboySerial expat04 June 2022 23:00:45

#11

659

And I just found out yesterday that the small country Andorra where my wife is visiting. Does not except Philippine peso to be converted to Euro thru western union, I have to send it to Spain and no problem, I found out that the reason, the Philippines is used a lot to launder drug money

Enzyte Bob ViP

Member since 26 October 2018

Enzyte BobViP05 June 2022 01:48:32

#12

4116

Dear Enzyte Bob,

As a resident of the Philippines, apparently聽 the only country to use the "peso" in the Eastern Hemisphere, you may be presuming that use of pesos is restricted to your island country.

-- cccmedia in Quito, Ecuador

Greatings cccmedia in Quito, Ecuador,

As I'm in the Philippines posting on the Philippines Expat, I'm addressing other Expats in the Philippines or others having an interest in moving, visiting or living here.

You are presuming that I'm presuming. . . .which is incorrect. The purpose of my post was two fold, (1) the volatility of Bitcoin in Dollars (USD) and (2) The massive amounts of Pesos in Philippine currency to purchase Bitcoins.

Fred Indonesia Expert

Member since 02 August 2009

A smile is the universal welcome.
Max Eastman

FredIndonesia Expert05 June 2022 02:31:14

#13

30171

You are presuming that I'm presuming. . . .which is incorrect. The purpose of my post was two fold, (1) the volatility of Bitcoin in Dollars (USD) and (2) The massive amounts of Pesos in Philippine currency to purchase Bitcoins.
- @Enzyte Bob

This is where a world view loses out against local views on a local forum.

Of course, you are presuming that he was presuming you were presuming. At least I'm presuming so.

cccmedia Ecuador/Colombia Expert

Member since 13 March 2014

cccmediaEcuador/Colombia Expert18 June 2022 07:44:03

#14

10285

Greetings, Enzyte Bob in the Philippines.

---

Here's the latest from Bill Maher from his

latest HBO comedy/talk show...

Bill Maher:聽 "The stock market has crashed,

or is crashing...

"On the bright side, y'know the guy at

the office who couldn't stop talking

about crypto .. has stopped talking

about crypto."

Enzyte Bob ViP

Member since 26 October 2018

Enzyte BobViP18 June 2022 08:50:24

#15

4116

Greetings, Enzyte Bob in the Philippines.

---

Here's the latest from Bill Maher from his
latest HBO comedy/talk show...

Bill Maher:聽 "The stock market has crashed,
or is crashing...

"On the bright side, y'know the guy at
the office who couldn't stop talking
about crypto .. has stopped talking
about crypto."
- @cccmedia

***

Bitcoin on November 9, 2021聽 $66,972

Bitcoin on June 18, 2022. . . . . $19,220

(1) Elon Musk bought 38,200 Bitcoins for $1.5 Billion on Feb 8, 2021.

(2) That $1.5 Billion purchase is now worth $734 Million about half.

(3) His all time peak value was $2,558,330,400 That's $2.5 Billion.

(4) Elon emailed me this afternoon and wanted to borrow $4.58 for a Happy Meal.

On Nov 3, 2021 you could have purchased a Tesla with one bitcoin, today maybe hubcaps.

Fred Indonesia Expert

Member since 02 August 2009

A smile is the universal welcome.
Max Eastman

FredIndonesia Expert18 June 2022 09:47:49

#16

30171

I'm guessing Elon bought a sackload of bitcoin just before he said his company would take them, then ditched the lot to mugs as soon as the price peaked.

Of course I'm not suggesting he manipulated the market in order to shaft fools, but I'll bet a good few mugs out there are using what money they have left to buy a nice, soothing ointment for their bum holes.

Enzyte Bob ViP

Member since 26 October 2018

Enzyte BobViP18 June 2022 23:37:58

#17

4116

I'm guessing Elon bought a sackload of bitcoin just before he said his company would take them, then ditched the lot to mugs as soon as the price peaked.
Of course I'm not suggesting he manipulated the market in order to shaft fools, but I'll bet a good few mugs out there are using what money they have left to buy a nice, soothing ointment for their bum holes.
- @Fred

The thing I can't understand why Elon's Tesla or any other business would accept Bitcoins payments with the聽 volatility it has shown.

Years ago, when in LA to renew my wife's visa, I gassed up the car before returning to Las Vegas. The gas station/convenience had an ATM bitcoin machine. The bitcoin price was $9900 and I wondered who would make such a purchase.

Let me see, I'll take one 5 hour energy drink, a bag of Doritos, a bottle of Gatorade and better throw in a few Bitcoins.

manwonder ViP

Member since 21 January 2020

manwonderViP18 June 2022 23:46:23

#18

1904

"QUOTE"

鈥淚t鈥檚 about time we exit this artificial world of predictable massive liquidity injections, where everybody gets used to zero interest rates, where we do silly things where there is investing in parts of the market we shouldn鈥檛 be investing in, or investing in the economy in ways that don鈥檛 make sense,鈥� he said. 鈥淲e are exiting that regime, and it鈥檚 going to be bumpy.鈥�

El-Erian

An American economist and President of Queens' College,

"UNQUOTE"

Fred Indonesia Expert

Member since 02 August 2009

A smile is the universal welcome.
Max Eastman

FredIndonesia Expert19 June 2022 00:39:40

#19

30171

The thing I can't understand why Elon's Tesla or any other business would accept Bitcoins payments with the聽 volatility it has shown.
- @Enzyte Bob

Obviously this is just a guess because I'm only a dumb peasant from a craphole town in Yorkshire, but I would suggest you open your mind to the possibility he never intended to take bitcoin, more take take a bunch of mugs to the cleaners by聽 buying, inflating the price with his announcement, then selling high.

Others hold the same opinion