Why Is Crypto Currency not Popular in the Philippines?

[Virgil dijk 1431]

Well for me I think why cryptocurrencies is not popular in Philippines is that maybe there have laws restricting their citizens from using cryptocurrencies and not only Philippines both in other countries but I guess they don't really know the benefit of cryptocurrencies.

[AshikSakib 5]

In my country almost 75% of people never even heard of BTS and don't believe it's anything to be considered and that's not a problem unless you want to use your BTS on websites for stores in your country.good luck...

[AmjadBydn 0]

I think because people there dont know about cryptocurrecny ! and they dont have the culture about crypto world because its still strange for them ! 
also my country still not know about crypto world 

[Sabnir 31]

I come to an understanding with you, my friend. We requirement permanently produce the terminology in which we contact our posts clear and relaxed to understand subsequently that nation who cannot know English okay be capable of be aware of the posts.
 

[BTC Future 3946]

People are skeptical because of the volatility. Investing in cryptocurrencies can create loss of wealth. There is risk involved, but the rewards usually are extreme. Also from what I've read so far, Philippines is a country that discourages the use of crypto. If this changes then the people will become more involved as well.

[iloveyobit 6599]

Because this market is fake and not like other markets like Forex, which are present on the ground and I mean currencies and also the crypto is being fought by the centralized countries...

[Zahid12 0]

Bitcoin is not banned in many countries by the Philippines and it is dangerous to invest with Bitcoin, so they refrain from using it but there are good prospects and many problems are solved for unemployment.

[Zaino34 0]

Perhaps people do not like working with it or the government does not allow the use of currencies other than local currencies and faces many difficulties, so it does not witness a large spread and is not known to many people.

[jacker 1095]

I rarely care about the Philippines but there are some typical reasons for any country that rejects or cryptocurrencies there are less popular:
1. the legal system, prohibiting or restricting cryptocurrency from appearing on websites
2. They don't appreciate, trust less in the virtual currency, they even think it is a scam

[Mwangi 5611]

For something to be popular, people must make it popular so it is really important to understand the things that are able to help us earn and understand the good of the crypto currencies so that we adopt them and so philipine are really not into it they are not buying it

[Omar Ommeish 4872]

There are many countries that have strict policies that prevent their citizens from dealing in digital currencies, and this is due to the policies pursued by these countries.

[bentayebsalah 2280]

I do not know the exact reason why cryptocurrencies are not popular in the Philippines, but the reason may be that crypto is not popular there and it is not widely used and they have no information about the matter.

[malik6314193 5449]

In many countries it is not familiar. Crypto is evolving now in the world. And in near future all countries will adopt crypto currencies. And it wilp boost up their economy. 

[Mwangi 5611]

Every country has its own interest and it comes in different ways so its important we are able to stand and be sure of what are are doing the best in everything so its work and work and putting together everything and we have to recreate a certain standard , philipines should grow interest in crypto currency and it will work out well for them

[Rabbirafi 1 13]

as we know,philippines has countless group mainly individuals who are intuitive in eleventh-hour existence don't retain an adequate amount of comprehension about the new technologies that's why they dont discern to a great extent about crypto currencies. but in fact several filipinos instantly are learning to custom it.

[Hazera 9]

The culture of the people and the functions about digital currencies, but I almost see a lot of the Philippines know the field of digital currencies and work with them, so I think a lot around the world knows this system.

[hawkeyee 2]

On 13.01.2020 at 18:47, 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.

well i don't know how's in Phillipines but in my country people are mostly doesnt have extra money to invest in crypto so they're not interested in it

[Raven 7817]

Crypto currency is popular in the whole world not just in philippines. But based on your question, crypto currency is popular in philippines because people there are so very competitive as long as they could benefit in one certain activity, they'll give their full effort for it. It means when they always starving for achievement and is also the reason why philippines became popular in the huge world too. 

[Divya rana 1252]

Actually i dont belong to Philippines,  so i may not be the right person to answer this. But the probable reason can be the less knowledge of cryptocurrency among the people put there,  government imposed some stringent regulations or willingness of people to stay away as its too risky and volatile. 

[lharost 1526]

As an Asian country I would've thought philippines is more crypto friendly just like china but I guess I was wrong and there are countries in Asia that are not accepting crypto easily.

[Moaz 7239]

There are many countries that impose strict restrictions and laws against cryptocurrencies, for fear of the impact of cryptocurrencies on their national economy, and I think the Philippines is one of these countries that is fighting crypto currencies

[koussai999 1986]

On 1/13/2020 at 11:47 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.

It is really unfortunate to see such things on this useful site
I think some members confuse that the post is sad and that the post is bad
Because the emoji suggests that this button is because the post is sad

[Jeet Narayan 1940]

Cryptocurrency is not popular in Philippines because of their government law and Crypto not only popular in Philippines but it is also not popular in others countries such south Asian countries and African countries.

[scorpiali 5626]

This problems is not only in Philippine But in all over the world also in my country too ,we have to work more to give a good idea about the crypto and dont wait the government to do something 

[kizz 3370]

Maybe because Philippines is not already open to crypto currencies and there are now rules and regulations about that and maybe most of the people have not enough proper education about crypto currency.