Why Is Crypto Currency not Popular in the Philippines?

[Divya rana 1252]

Sorry I don't know about this because I belong to different country nd in my country it is quite familiar nd and people are really interested in cryptotalk nd yobit nd bitcoin

[Mr.Bit 212]

Because most of the Philippine citizen want to have the actual money (cash) than the virtual currency like bitcoin some of them feel don't safe with that. For me they need to adopt the future as soon as possible because anytime soon crypto is more convenient than the actual currency like USD Good luck.

[Usman Abdulmumin 354]

I think you get it wrong sir or you are the person that doesn't know more about crypto most of the friends that I met online they were from Philippines sometimes I even asked myself why all the people are participating in cryptocurrencies are from Philippines.

[Enxz 522]

On 1/13/2020 at 8:47 PM, LexBee68 said:

A lot of people are afraid if we are talking about bitcoins or any other crypto currencies.  Why is it so? Especially in the Philippines, people are skeptical about it.

Im a filipino as well but i do know this crypto world . As i can see some of my fellow kakabayans are just afraid because the first come in their mind that this is s scam only and second i thinks is because of lack of interest about it because they thinking that this is a waste of time .just said only.

[amara123123 76]

Who said you crypto market is not popular in Philippines. I searched about it from Google I find many traders doing trading from this country. So keep try to trade and enjoying it's small earnings. 

[Applii 2]

On 1/13/2020 at 9:47 PM, LexBee68 said:

A lot of people are afraid if we are talking about bitcoins or any other crypto currencies.  Why is it so? Especially in the Philippines, people are skeptical about it.

I think there are many countries in which people are not aware of crypto currency and some of them also think that it is illegal. Even I came to know bout this from internet.

[Gooooku 421]

In my point of view some people say that its illegal or it wont last for long so peoples are afraid to use it but its not the truth . Well i think its a great platform for all the people who wants to earn a little bit more . Or maybe many peoples have not heard about cryptotalk . So that is why crypto currency is not much popular in Philippines

[Farooque 76]

Yes many countries banned crypto currency. May be Philippines is in one of them. In every country have different laws that why some countries banned crypto currencies.

[Novacore_99 215]

I don't know about this that crypto is not popular in the Philippines. Well, you can try to teach them how it's good and profitable. It's nice yo share you can share this forum to learn.

[Prince90 668]

Well i don't know for sure but maybe the lack of knowledge , they don't understand bitcoins or how it works. Or another could be that government is very strict about bit coins and any one found guilty of using bitcoins government may punish them.

[Daaang 344]

I don't really think the crypto currency are not that popular in the Philippines because i think crypto currency in the Philippines are just not accepted by the government, they don't really care about crypto currency that's why they think crypto currency is not popular in the Philippines. That's for me.

[fatima123 320]

May be due to some legal issues Philippine peoples afraid to doing this business or government not allowed them to trade on this market because of no tax on it. 

[Calvinpriva 17296]

Everyone, every country have their own beliefs about crypto currency.. There are some countries which dont accept bitcoin but i think a very good way to make them trust it is to wait for large companies to start using it, like youtube, google etc.

[Xsimple 441]

Personally there is a lot of reason behind that, first is they think that crypto is scam because they might invested they're money to a scam crypto investment, and second maybe because of the law.

[Rifrach 207]

Why is it so? Especially in the Philippines, people were skeptical about it. cryptocurrency not popular in our country because our people are not open-minded. The Filipinos are educated so that they are not aware about the internet.

[Nab 263]

i could not explain which cryptocurrency is less popular in philippines since there are usually many asian countries that have great kwnoledge of cryptocurrencies such as China and Japan, so in the Philippines there must be people interested in the crypto world.

[hadayt2030 85]

According to my thinking crypto currency is not famous in Philippines because there they must think that crypto currency is illegal so crypto currency is not famous in Philippines.......

[Fadimah 191]

They probably don't trust it or their government doesn't want them to make use of it because they are afraid of it.

[Ionescu 115]

On 1/25/2020 at 4:20 AM, Crypto555 said:

Honestly I don't know because I am not living in Philippines and also don't have much knowledge about that country. But I think they don't have such a good economy and thats why

Philippines is slowly building their country because they are still not very oriented towards technology until recently. But now they have started developing more and more 

[Sourav43 106]

In my opinion the people of the Philippines do not know and understand the crypto of their country's government.  Does not understand all the modern currency of crypto.  They do not know how to get the opportunity from crypto.  So maybe crypto is not so popular in the Philippines.

[zain5680 89]

7 hours ago, hadayt2030 said:

According to my thinking crypto currency is not famous in Philippines because there they must think that crypto currency is illegal so crypto currency is not famous in Philippines.......

yes you are right i agree with your point of view thank you so much for your useful information..................................................

[Black_Sword 539]

On 1/14/2020 at 12:47 AM, LexBee68 said:

A lot of people are afraid if we are talking about bitcoins or any other crypto currencies.  Why is it so? Especially in the Philippines, people are skeptical about it.

I think mostly of the people here in the Philippines are afraid to scam because there is a lot of people are scammer here in the Philippines mostly it happen in online so many people  are afraid of trying some online business like these crypto currency that not really familiar about it.

[noor job boy 77]

The Philippines does not have the opportunity to use cryptocurrency. They do not like to work in cryptocurrency. So the cryptocurrency users in the Philippines are not high.

[Abeha 102]

On 1/13/2020 at 9:47 PM, LexBee68 said:

A lot of people are afraid if we are talking about bitcoins or any other crypto currencies.  Why is it so? Especially in the Philippines, people are skeptical about it.

Hey friend I agree with your post but I can't give you useful information about your topic because I'm new in this forum so I'm sorry

[Zues 1069]

Maybe because most of the people there prefer tangible money than digital money. It is more secure than digital money to avoid technical difficulties in the crypto server or something like that so they prefer cash payment.