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LexBee68

Why Is Crypto Currency not Popular in the Philippines?

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 I do not know why, my friend.

In my country there is not much knowledge about bitcoin or Cryptocurrencies too 

I think this is due to the lack of dealings with it in our countries.

And because they don't understand what it is. 

I think we can explain to them about it and its many benefits.

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Hey guys, people are actually not interested with crypto world so they think it as insecure because of no control on it by any specific group of people, I don't much about it and because i don't have any friends connected from Philippines,thank you.

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Maybe their constitutional laws or authority does not permit them, I mean maybe  they have some laws in everything related issue that has to do with Internet Explorer such as crypto world and cryptocurrencies, this is not only Philippines but there are other countries this same issues. 

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Yes is because the law or rules and regulations in the philippines are too strick and there are other countries too that did not accept the crypto currency because their government are afraid to loose the authority they have on the fiat currency 

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Welcome, my friend, here in this forum. In fact, this is a good question and I think that there may be a law that stipulates not to talk about it or talk about it, so people are afraid to talk about it or work with it.
Good luck to you in your life

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Not only in the Philippines, but also in many other countries, cryptocurrencies are not popular and recognized, perhaps due to the laws of their country or because of the lack of development and knowledge in which they live.

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In the Philippines it's a little-known currency and people there are focused on acquiring traditional coins for cryptocurrencies 
But not just in the Philippines, but in more countries around the world, and that's because cryptocurrencies are intangible by hand. 
And there are many people who are afraid of fraud.

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It is your responsibility as a member of this forum to refer your family friend to this forum and inform them. I believe the main explanation for this is a lack of proper education, awareness, and understanding of cryptocurrencies. Perhaps as a result of the government's strict rules and the fear of fake websites.

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Many countries prohibit dealing in cryptocurrencies, and believe that it will cause economic harm to their local currencies, and punish anyone who deals in cryptocurrencies with prison.

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Not only in the Philippines, but in all the world Bitcoin is unknown, because it is an intangible currency first and unrecognized, and because trading is a dangerous process for the majority...!!!

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I have no idea why this cryptocurrency is not popular in philippines.May be there is less advertising so that this currency is not popular over there.May be this is the reason that the bit coin i.e cryptocurrency is not popular there.

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 I think there are many countries that do not know what Bitcoin means, including the Philippines because it is not very popular, but I think with the future bitcoin will achieve great popularity because most countries are dealing with bitcoin and it will become popular in the future.

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Not only in philippines, there are many countries where there is no knowledge about crypto and also some countries where crypto is considered illegal and is banned. 

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Hi my dear mate I think you are right there Is a fear about the cryptocurrency in the countries like philippines because exactly they not know about the cryptocurrency and there countries strick law about the cryptocurrency make a fear in that's people that's why they ran away from that's type of currency but I think they are in future come in this crypto world and get benefits from there things also wait and see what will happen

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not fashionable since legal age the visayan enjoy living just under the poverty trap thusly glamour actually blood group insurrection because colombians to consider bank notes once  biggest serves as speaking, loving complete golf stroke foid upon dressing table.  inhibition possess the sumptuosity epithetical socialize visit cyberspace to analyze all but banknotes brooding about the web rate inside the england serves as a hundred mhz due to twosome star operators many do misread the general meaning of one's word "upgrade"

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Since Bitcoin is an intangible currency that is first and foremost unrecognized, and since trading is a risky operation for the majority, it is unknown not only in the Philippines, but throughout the world.

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Philippines don't knows every things about crypto currency this is one reason to avoid crypto currency and 2nd i think this country’s low fact.If any country’s low system is very tide to avoid crypto currency's than they should don't do this becouse every country obey to maintaining their rules.

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It may be illegal in another country such as the Philippines or perhaps some of them do not want to believe the cryptocurrency because some governments prohibit trading in cryptocurrencies, especially bitcoin, because they consider them unsafe and can harm the economy. Perhaps some of them do not want to believe the cryptocurrency and more of them want cash.  It is not an investment.

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May be because crypto is illegal in Philippines or they make law on crypto. Most of countries in the world that ban cryptocurrencies use in their countries. I do not know the main reason behind their ban I think they worries because their own currency price may be effected if they legal the cryptocurrencies.

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my friend it is not populous then tell your friends and family and that's about it and they will able to know that what is cryptocurrency and the/y are also start working yet so keep on getting people they will also able to know that what is this.

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There are many countries that don't support cryptocurrencies, maybe that's because of some of those countries "economy laws or their cryptocurrencies haven't yet been recognised, but I absolutely trust that cryptocurrencies will reach all countries and have strong market movement between them.

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On 1/13/2020 at 10:21 PM, Migo said:

Maybe because of their laws, I mean perhaps they have some strict laws in everything related to crypto world and cryptocurrencies, there is not only Philippines but there is other countries are the same like your country 

Yes ofcourse dear member ,you are right . Cryptocurrency is banne in different countries.  It is the main reason for not being popular currency in Philippines.  And thank you for sharing your views regarding this post. 

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Thank you, my friend, for this topic. Most countries ’policies fear that other currencies will replace national currencies, especially when they have sufficient balance of their currency and their currency has strength in the global market. The Philippines imposes many laws in order not to spread these currencies in it.

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I think that crypto-currencies are still not popular in some countries including the Philippines, but I think it's for the encrypted good future in the Philippines because of the developing countries .

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Hello dear,

there is not doubt that cryptocurrency is digital currency and its market value is better than other currency  and many country it 's not allowed to use and many peoples are unaware of this because they are uneducated. there must be above factors in your country that is why  not popular in your country.

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A complete turnaround is not to be expected, but a softening of the position will still occur, Qureshi said.   CNN has recently reported on upcoming debates between Biden and his competitor, Donald Trump. The incumbent president will have to answer a number of uncomfortable questions about the harsh policy towards the crypto industry, which led to the outflow of cryptocurrency capital, the closure of large companies, and high-profile lawsuits. From Donald Trump, who turned the topic of cryptocurrency into a weapon against his opponent, in addition to attacks for the current state of affairs, loud pre-election promises can be expected, which could lead to significant volatility in the crypto market. Possible participation of Elon Musk, who expressed willingness to become a moderator, and independent candidate Robert Kennedy Jr., should enliven the debates, the first round of which is scheduled for 27 June, and the second for 10 September.   The main beneficiary of the past week was not bitcoin but ethereum. On Monday, 20 May, news reached the media that the US Securities and Exchange Commission (SEC) asked companies to update Form 19b-4 in applications for launching spot Ethereum ETFs in an accelerated manner. After these news, the financial agency Bloomberg immediately raised the chances of such funds being approved from 25% to 75%. Against this background, the leading altcoin quickly outpaced the flagship cryptocurrency in terms of growth rates.   The deadline for the first two applications from VanEck and Grayscale was Thursday, 23 May. Shortly before the X hour, ETH/USD reached $3,947, showing a growth of almost 30% in three days. According to Coinglass, the amount of liquidations and forced closures of short positions on crypto exchanges amounted to $340 million. A total of 78.8 thousand positions were liquidated, and the largest individual liquidation occurred on the HTX exchange for the ETH/USDT pair for $3.1 million.   The SEC did not disappoint expectations and on 23 May approved not two but a total of eight applications for the issuance of spot ETFs based on Ethereum and gave the go-ahead for trading and listing these funds on exchanges. According to Variant Investments Chief Legal Officer Jake Chervinsky, this step signals a "significant shift in US crypto policy, possibly more important than the ETFs themselves." This may also mean that recognizing ethereum as a commodity, the regulator will not categorize many other altcoins as securities. According to Rekt Capital, the market is already on the verge of an altcoin rally, the peak of which is expected in July.   Experts expect significant capital inflows after the listing of ETH-ETFs and believe that billions of dollars will be invested in derivatives in the first week after trading starts. Analysts from QCP Capital believe that the altcoin rate in the short term can rise to $4,000 and exceed $5,000 by the end of the year.   An even bolder forecast is given by Standard Chartered Bank economists. They expect capital inflows into such funds in the first year to range from $15 to $45 billion (2-9 million ETH). In this case, the fund's demand will lead to the asset's rate rising to $8,000 at a bitcoin rate of $150,000. Moreover, if market dynamics are positive, by 2025, the price of Ethereum will reach $14,000, and bitcoin's rate will increase to $200,000.   As of the evening of Friday, 24 May, BTC/USD is trading at $69,900, and ETH/USD at $3,735. The absence of an immediate pump and some drawdown of this pair on 23-24 May can be explained by the fact that everyone who wanted to has already managed to buy ethereums ahead of the SEC's historic decision. The total cryptocurrency market capitalization is $2.55 trillion ($2.42 trillion a week ago). The Bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has not changed and remains in the Greed zone at 74 points.   And in conclusion of the review, forecasts from Artificial Intelligence. The latest version of GPT-4o from OpenAI believes that the price of bitcoin on 1 August 2024 will be in the range of $76,348 to $89,108 "considering current market factors and historical trends." GPT-4o's competitor, the anthropic AI model Claude 3 Opus, has formed an even more optimistic vision, designating the range between $105,072 and $167,808 by the indicated date. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Там то и тыкать не особо нужно, включил и пускай фармит. Это в других тапалках (и то не во всех) нужно каждый раз тыкать, тут почти пассив 😉
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