Trading Bitcoin in the Philippines

BITCOIN has become one of the most desired currencies for online trades. Ever since this cryptocurrency gained popularity in 2015, millions of people around the world are more than willing to mine it and try to make a profit.

Its popularity peaked at the end of 2017 when the value for one Bitcoin was over $19,000. Logically, the price went down rapidly after spiking, and today’s value is around $10,000.

Even though many countries deemed Bitcoin illegal due to the fact that it’s self-sustainable, highly decentralized and it offers anonymity to all traders, one of the countries that saw its potential was the Philippines.

Most Popular Marketplaces

There are many places where one can trade with Bitcoin in the Philippines. That’s the reason why thousands, maybe even millions of people in this country have owned or own Bitcoin. The cryptocurrency has many benefits to the ones who know what to do with it.

BuyBitcoin.ph

One of the biggest pros of using BuyBitcoin.ph is that this site offers the easiest way to purchase Bitcoin in the Philippines. To make things even better, its interface is extremely simple and easy to use, making it perfect for beginners.

Bitcoin Trader

The first pick on the list is Bitcoin Trader. This is a trading software that was created in 2017. One of its biggest advantages is its speed. Bitcoin Trader executes automatic trades 0.01 second faster than its competitors. There are no commissions or monthly fees here, which is also a big plus. If one is willing to know more about it, he should read the review on the Bitcoin Trader software . It’s extremely helpful and informative.

Coinmama

The good thing about Coinmama is that this company is accepted in almost all countries in the world. Coinmama’s brokerage service allows one to buy Bitcoin by using his credit card. The company was established back in 2013 and it serves over two million customers in more than 160 countries.

Some of the pros of using Coinmama are simplicity and fast transactions. This platform is also one of the best for beginners and people who are still trying to navigate in these waters. Coinmama has certain fees applied and they are a bit more expensive than the rest of the competitors.

Some other honorable mentions in this section are Coinbase, Coins.ph and Coinage. There are also many Bitcoin ATMs in the country and they should also be considered when thinking of trading with Bitcoin.

Regulation

Bitcoin is legal in the Philippines. Not only is this cryptocurrency legal, but the nation is also extremely crypto-friendly. Bangko Sentral ng Pilipinas has registered several accepted cryptocurrencies aside from Bitcoin. It also engages in many crypto projects and searches for ways to improve the service for the people.

Considering the fact that Bitcoin had a value of over $19,000 in 2017, it is no wonder that everyone wants to profit off of it, banks and government included. Many sources labeled the Philippines as one of the most crypto-friendly countries in the world.

The Securities and Exchange Commission regulates all activities with Bitcoin and other cryptocurrencies. Lastly, the central bank even formally adopted an approach to cryptocurrencies in 2017, when it issued the Circular No. 944.

One can find crypto-ATMs, another sign of its legality and the open mind toward using Bitcoin and other cryptocurrencies.

Why One Might Want to Look into Bitcoin Trading

When Bitcoin made its way into the scene, many were skeptical about what it had to bring to the table. The same kind of skepticism lives on to this day, albeit in much lower numbers. While many governments around the world still see Bitcoin as far too big of a risk to bank on, people have a different view on the goldmine that is Bitcoin. Realizing the potential it carries, regular people and financial experts around the world are investing in the cryptocurrency.

Bitcoin Trading is on the Rise

With Bitcoin hitting a stride like no other cryptocurrency out there, more and more people are getting into the business of Bitcoin trading. It’s only natural for something like Bitcoin to pique the curiosity of business-savvy individuals. With its price varying frequently, the possibility of getting rich overnight is very real. This is why Bitcoin trading apps and websites have been popping up a lot more often lately, offering a great way to help those interested in trading Bitcoin. If one is on the lookout for some quality trading tips, he can check out this Bitcoin trader and start his journey.

The Benefits of Bitcoin

The discussion on what Bitcoin can truly do for people has been circling the globe since its launch, and while the answer is quite a long one, here are some of the more important points. One of the biggest reasons for people turning to Bitcoin is the anonymity and transparency it provides. And while this might not seem like a big deal, for millions of people, this is essential.

Thanks to the blockchain technology Bitcoin is powered by, these two features are a core part of the cryptocurrency. Users don’t need to share any personal information when using Bitcoin, and while it may seem contradictory to the anonymity side of things, Bitcoin transactions are available for everyone to see. With transactions displayed, the risk of scamming is nearly non-existent.

Bitcoin Could Reach $20,000

The one thing everyone knows about Bitcoin is that it’s a very volatile currency. This is both one of its biggest strengths and biggest weaknesses. The price of Bitcoin varies quite a lot over time, influenced by many factors. The fact that investing in Bitcoin could make anyone an overnight millionaire is exactly why Bitcoin has become such a global phenomenon.

With the third wave of Bitcoin having passed, the price of Bitcoin has gone up significantly. Since its quantities have become scarcer thanks to this event, the currency is now worth about $10,000. The predictions for an even bigger price jump for the cryptocurrency seem to be quite accurate as well.

With current events sending the world into an economic crisis of mass proportions, world central banks are printing money like nobody’s business. This coupled with the aforementioned event makes Bitcoin a hot commodity that could reach $20,000 in worth by the end of the year.

Useful Advertising Strategies for One's Business

Following strict rules that do not apply to a particular situation can cause so much damage, but using the existing rules and creating various strategies that are applicable to one's business will do the complete opposite--it will bring success. Accordingly, one needs to take his time and carefully investigate all of the possible rules and determine the basic scenario that he is in. Taking these first steps will help one achieve the goals he has previously set in an easier manner.

The Online Portrayal

These modern times require modern business solutions, so taking a step into the online world of advertising can really benefit one's overall business. Consider this: if one enjoys playing casino games but all of the land-based casinos are far away from him, he does not have to worry as he can play his favorite casino games online. Here, the only portrayal of the casino games is crucial as it attracts players to enjoy these exciting games.

The online casino platforms are destroying the geographical boundaries as they make their games available on the internet where one can play no matter where he is. As the player, one has the chance to experience so many interesting games and win possible rewards, bonuses, or even cash prizes.

This online portrayal of casino games can help one develop his own strategy that will bring more traffic to his existing business, making the chance of growth attainable.

The Targeting System

If one wants success for his business idea, he has to have a clear representation of his customers. He has to know who he wants to reach out to and hear about his business. The advertising strategy by creating a targeted system will help one expand his business through a whole lot of potential customers that might be interested in that particular business.

This system will ensure that the right people are hearing about one's products and services which will help achieve long-term goals.

Determine Your Goal and Budget

Incorporating some of the most successful advertising strategies can be beneficial for one's overall business accomplishment, but in order to achieve all of that, one needs to determine his ultimate goal and also know what his budget is.

Taking care of these things is a crucial step in one's business journey, otherwise he will end up with plenty of debt and reasons to give up his dreams. Hence, one should think wisely and create more realistic goals which will help him feel accomplished once he finishes them. Knowing one's financial stability and his decisions will pay off in the end.