CryptoCurrency: Bitcoin, Ethereum, Monero etc.

Discussion in 'General OT' started by Leon21, Feb 4, 2017.

  1. hitme64

    hitme64 PhilMUG Addict Member

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    Ahaha, a likely story...

    But giving away crypto-tokens is one thing I'll be waiting for...
     
  2. zChris

    zChris Active Member

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    Hi Guys,

    Wanted to ask, what’s the most fee efficient way to cash-in from PHP?

    I have been playing around with Coins.ph and it works fine. Their exchange rates from PHP to BTC is about 3% lower than the spot rate of BTC and there is about a 1.5% transaction fee.

    There is another app called Abra that can cash in PHP, but I need to go to Tambunting (1.5%). They also support Union Bank for cash in but I don’t have a Union account.

    Anyone know of other ways?

    Thanks
     
  3. iSk8er

    iSk8er Member

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    Does coinbase works with philippine bank accounts?
     
  4. ramil

    ramil Active Member

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    Right now, coins.ph is the most efficient way I know. I also tried Abra before, but as you said, you can now only use Union Bank to cash in. I have not compared the exchange rates and transaction fees between the two.

    I'm also interested to know other ways.
     
  5. ramil

    ramil Active Member

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    Currently, coinbase does not work with Philippine accounts.
     
    iSk8er likes this.
  6. Technobilder

    Technobilder Member

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    I traded some BTC and LTC about 4 years ago - then sold ... Argh ...

    Now I stared new because I do FOREX trading and my broker (Pepperstone) offers CFDs on Bitcoin, Litecoin, Ethereum and Dash.
    So I can trade on rising and falling of them and with leverage 1:10 its not that bad.

    I also invested again in some coin "pennystocks" - its quite easy and cheap - all you have to do is wait then ...

    Used coins.ph wallet to exchange peso into Bitcoins.
    Opened an account with hitBTC.com (exchange based in england) as they sell wuite a lot of those pennycoins.
    Then transferred my BTC from coins wallet to hitBTC wallet
    Bought some of the really cheap coins - usually 1000-2000 pcs - now I have 20 different coins.
    Created a portfolio at cryptocompare.com and added my coins there - so I can now easily watch it stagnate or decline hehehe - or skyrocket ... But as I said ... Sit and wait now ...
     
    ramil likes this.
  7. sandybridge_guy

    sandybridge_guy PhilMUG Addict Member

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    I hope you bought a lot of IOTA coins as they're the rockstar of the crypto world currently.

    If I'm on your shoes, I'd probably just limit my coins to around 5-10 with 50% of my total investment in BTC.
     
  8. Technobilder

    Technobilder Member

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    I didnt buy IOTA - way too expensive already for what I look for.
    I bought pennycoins that cost 0.01$ or less at the moment - get at least 1000+ of them - and then I wait that these coins go to 1$ one day.

    I also trade BTC on forex - that way I can trade on falling price too - as long it goes up up up its easy to earn.
     
  9. Juice

    Juice PhilMUG Addict Member

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    Do you have a UPS connected to it or any other device like a surge protector?
     
  10. hitme64

    hitme64 PhilMUG Addict Member

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    Am actually putting up one UPS because there’s been an intermittent power surge in our area.

    Btw anybody worried Nicehash got hacked???
     
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  11. piedad

    piedad Well-Known Member

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    There's a new token / project on the block. Decentraland. Their MANA token is rocketing in price even with BTC rising in value because on Dec 15, the auction for VR real estate will take place and you can only buy using MANA tokens.
     
  12. zChris

    zChris Active Member

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    Anyone have any ideas for the strong run up of BTC over the past few days, especially today?

    My suspicion is because of the impending listing of futures contracts in BTC which will start trading next week, thereby opening up the market to new investors. However, I am seeing articles saying that this event may be a bearish sign because it gives more options for large investors a better shorting opportunity, leading to a major correction.

    So I am a bit confused now on how this will all go. Insights are welcome.

    Of course, we are all only expressing our personal opinions here and not giving out investment advice. :)
     
  13. mokmoki

    mokmoki Well-Known Member

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    well... generally in trading, entering a market when everybody also does usually means it's already too late. i would wait for the next correction and bounceback before entering myself. but that's just me haha. but then again, bitcoin is a tech disruption and might not follow traditional financial logic. haha.
     
  14. oj88

    oj88 PhilMUG Addict Member

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  15. guwapito

    guwapito Well-Known Member

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    so i loaded 1000 pesos on coins.ph, converted it too btc but they aren't accepting it because it is too low, while when i signed up, they gave a free 10 peso credit and was able to convert it to btc, guess what it doubled its value, thats why i'm trying to put in 1000 pesos.

    should I have bought btc straight up instead on 7-11 instead of cash?
     
  16. guwapito

    guwapito Well-Known Member

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    figured it out, looks like we can buy btc straight up.
     
  17. dasaint

    dasaint Well-Known Member

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    Where do you buy your IOTA ?
     
  18. sandybridge_guy

    sandybridge_guy PhilMUG Addict Member

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  19. Technobilder

    Technobilder Member

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  20. yoh_hectic

    yoh_hectic PhilMUG Addict Member

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    On March 2010 the price of 1 bitcoin was $0.003. If I spent $600 on bitcoins back then instead of an unlocked 16GB iPhone 4 I would have about $3.6 billion if I cashed out on 8 December 2017. That would be over 181.2 billion Pesos.

    I would be richer than the founder of Jolibee.
     
    jesusluison likes this.

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