bitcoin.....bit your coin.....a cryptocurrency....form of digital currency
By vilma143
@vilma143 (2832)
Dipolog, Philippines
November 16, 2017 4:24am CST
it is a coin that you bit...but in cyberspace....bitcoin is a cryptocurrency....
when we put our money here in online banking especially in blockchain.info or com it is a conversion of bitcoin, it is stock market dollars and other conversions.
I will tell you my experience, bitcoin is not bad, it is we who will decide to deposit or not.
but I try to do it by curiosity and it happens that when I deposit my $5 for 3 years, it increases to $10.
I don't gamble my bitcoin in any game, but I am happy to look at its increases every second the stock market.
I start this by depositing my peso to coins.ph and transfer by using copy- paste my bitcoin address to blockchain.info or com.
when it happens to increase I withdraw the amount from blockchain to coins.ph again by copy-paste again.
I practice this system in a small amount.
Please be aware of this bitcoin, this is not bad, but be careful of hackers, they can withdraw your money without your notice.
take note: protect your password and your username.
but to be sure do not get involved in this transaction so that nothing lose you.
for there is no regret at all. is that ok?
13 people like this
12 responses
@vilma143 (2832)
• Dipolog, Philippines
16 Nov 17
@tzwriters, yes, my friend, I am practicing this because for the high-tech situation now our currency will be a crypto and it is really advisable to adopt.. thank you.
@AkoPinay (11544)
• Philippines
17 Nov 17
@FayeHazel it depends on where you are from. Some countries do not support CryptoCurrency. Since you are from the US, you can use Coinbase.com and no need to transfer coins to Blockchain.info because of blockchain FEEs.
Coins.ph is for Philippines. Malaysia has Coins.my. Each country has their own Bitcoin Wallet providers. We need a local wallet to cash it out in FIAT (USD, GBP, EUR, etc.). Only Singapore is supported for Coinbase in Asia to
date. I have a Coinbase account created in 2015 but I can only use it to buy/sell if I am in the USA or other supported countries. 
2 people like this
@AkoPinay (11544)
• Philippines
17 Nov 17
Why transfer to Blockchain.info or other wallets and pay blockchain FEE when coins.ph has BTC Wallet ????? All we need to do is press the CONVERT button after cashing IN to coins.ph thru 7-11 stores, GCash, etc.
I use Blockchain.info, Coinbase, Xapo, Coinpot, etc. only to receive payments from paying sites/apps that does not pay direct to Bitcoin Address like STORM PLAY (former BitMaker) that only pays thru Coinbase and Xapo. bitLanders paid us Bitcoin before thru Blockchain.info.
But if we cash IN locally, NO NEED to transfer funds to external wallets. Coins.ph is a Bitcoin company and it is no longer practical to send funds to other Bitcoin Wallets this day because of the recent blockchain FEE increase from 0.0001 to 0.0015 BTC. Because of this higher fee my favorite android app that pays Bitcoin increased minimum cashout too from 20,000 to 50,000 Satoshis.
Blockchain supposed to be lowering fee when CryptoCurrency price is rising. And supposed to increase fee when CryptoCurrency price is falling in order to...
1 person likes this
@AkoPinay (11544)
• Philippines
17 Nov 17
@vilma143 blockchain fee applies only if we send funds to EXTERNAL wallets i.e. Coins.ph to Xapo vise versa. But if we send coins to the same wallet i.e. Coins.ph to Coins.ph or Xapo to Xapo, Coins.ph to Coins.ph, Blockchain.info to Blockchain.info, etc. there is NO FEE.
1 person likes this
@AkoPinay (11544)
• Philippines
17 Nov 17
@miketagz service fee and blockchain fee are not the same. Coins.ph and other wallets do not charge service fee, it is inclusive in their conversion rates just like in money changers. Blockchain fee applies when sending coins to EXTERNAL wallets wether you use Blockchain.info, Coinbase, Xapo, etc. that's why it is called BLOCKCHAIN FEE, it is not company's service but blockchain's.
1 person likes this
@snowy22315 (169641)
• United States
7 Dec 17
Do you use any of the Bitcoin faucets?
1 person likes this
@cahaya1983 (11121)
• Malaysia
18 Nov 17
Heard a lot about bitcoin but still a bit skeptical about it. Glad to know it has gone well for you.
1 person likes this
