Pag-IBIG Fund Records Consolidation Out and About ...
Pag-IBIG Fund Records Consolidation Out and About ...
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Where do you buy your bitcoin or cryptocurrency sa Phils ...
[How to/Discussion] Bitcoin, Cryptocurrency, coins.ph, and legal implications in the PH
Three quick things you might want to know right away:
There is a newbie faq on the bitcoin subreddit. You might want to check it out.
You can buy a fraction of a bitcoin. You don't have to buy it whole. 1 bitcoin right now costs 725,000 pesos. If you have 7250 you want to invest, you can own 0.01 bitcoin.
Bitcoin is just one kind of cryptocurrency. There are other cryptocurrencies - many other types of coins - aside from bitcoin. Theres Ethereum, IOTA, Ripple, Litecoin, NEO, and many, many others. Kung anong kinaiba nila sa isa't isa, di ko alam kung ano. Bitcoin lang kasi ang nag pioneer ng underlying technology ng cryptocurrency kung kaya siya ang pinakamahal at pinakakilala.
I'm not an expert, but I'll share what I know or have observed: (1) Too late na ba mag-invest sa bitcoin? When bitcoin hit $100, $1000, and $10000, people were also asking that same question. So the answer is: No one knows. For all we know, pwedeng biglang mag-crash nalang bukas ang bitcoin at di na makabawi. Pwede din tumuloy-tuloy siya hanggang $100,000. Your guess is as good as mine. (2) How does bitcoin work? I don't know the nitty gritty, but this was a helpful analogy for a high-level understanding of the concept. A lot of people say that if you don't understand it, don't invest in it. On the other hand, if the price goes up and I get out before the price goes down, then I made a profit, so I don't have to understand it. Ako, personally, I consider dabbling in cryptocurrencies as an experiment. Gusto ko masabayan kung saan papunta yung technology and I also want to make a profit in the process. (3) Is bitcoin legal? Me tax ba to? IANAL, but AFAIK bitcoin is not illegal. Sa alam ko, walang tax to. You can look at bitcoin two ways:
Parang nagconvert ka lang ng PHP to USD and vice versa tapos lumaki yung pera mo dahil sa conversion rate.
Parang nag-invest ka lang sa mutual funds tapos tumubo yung pera mo dahil tumaas yung stocks.
Alam ko in both cases hindi mo kailangan mag-bayad ng tax. If someone knows more about this, please share. *edit: Apparently, Mutual Funds are taxed but value is reflected to NAVPS. There is also taxes in redemption which I think is 12% VAT in redemption fee between you and the MF company. Also, someone else mentioned the question of whether or not bitcoin profits should be considered as capital gains* (4) DON'T INVEST WHAT YOU CAN'T AFFORD TO LOSE I cannot stress that enough. Wag kayong mag-all in sa bitcoin. Wag niyong i-sacrifice yung mga essential niyo na gastusin sa araw araw, yung mga utang na kailangan niyong bayaran, buoin niyo muna yung emergency funds ninyo, at mag-invest muna kayo sa mas stable na investment (i.e. - MF, UITF) bago niyo paglaruan ang bitcoin. Bitcoin and cryptocurrency as an investment is very volatile. On any given day, you can gain twice or lose half of your money. At dahil bago palang at di subok yung technology, pwedeng may mga vulnerabilities pa eto na pwede i-exploit ng hackers/scammers. Wag niyong isugal kung di niyo kayang mawala. Parang pag-ibig lang. (5) How do I get started with bitcoin in the PH? The two entry points I hear the most often are: coins.ph and Abra. I've only tried coins.ph. This is what you can do:
Go to their website (coins.ph) and sign up for an account.
You have to verify your email first if you want to get anything done.
After verifying your email, you are on Level 1 verification. This means that you can only credit 2000 pesos to your coins.ph peso wallet per day and you cannot cash out at all.
To get to higher verification levels with bigger limits, you'll need:
Level 2 - phone, identification (govt ID), and selfie (your picture holding the govt ID you entered)
Level 3 - address verification (no idea how this works)
Business - business verification (no idea how this works)
After verification, you can credit pesos to your peso wallet in a lot of ways. Easiest, instant credit way is via 7-11's eConnect payment facility. Max is 20,000 pesos per transaction. There is also a 2% service fee. Yes, this means that you will walk up to the cashier in your suking 7-11 with a 20,400 peso cash payment if you want to do the max transaction. They might get shooked.
Once your "load" is credited to your coins.ph peso wallet, converting it to bitcoin is done with a simple swipe in the app. Goodbye pesos. Hello bitcoin.
Do note that a lot of people consider the rates of coins.ph to be too high and there are better options. Please do your research if this matters significantly to you. (6) Ano yung mining? Not into mining. Ang alam ko lang ay may kinalaman to sa kung paano nakadesign ang cryptocurrency, at hindi lang bitcoin ang pwede i-mine. Basically, kailangan mo ng computer na sobrang lakas para gumawa ng madaming computations, para makakuha ng coins. Pero maliit at mabagal lang yung ROI mo dito kung sakali. Tipong madaming buwan bago mo mabawi yung ginastos mo para sa mining rig + sangkatutak na kuryente na kailangan nito. Di ko na pinatulan tong mining. NOTE: Just to show how unstable this whole cryptocurrency thing is, just today, a popular mining marketplace called NiceHash went down, and along with it, over $60M dollars worth of coins. Some say it got hacked, some say tinangay nung site owner yung pera. (7) Paano mag-trade? Pag sinabing trading, eto yung buying and selling of different cryptocurrencies. Para magawa mo to, kailangan mong mag-sign up sa isang exchange at ilipat yung coins mo dun. Halimbawa ng mga cryptocurrency trading exchanges: bittrex, bitfinex, coinbase, poloniex, etc. Otherwise, ang concept niya ay parang trading lang idn sa stock market. NOTE: Wag ka magtrade kung di mo alam ang ginagawa mo at di mo kayang isugal yung pera mo on top of yung sugal ng pagi-invest sa bitcoin. Madaming nasusunugan ng pera sa trading. Pinaglaruan ko to sandali at malaki pa ang lugi ko na di ko pa nababawi. I should have around +35% of the money I have now if I didn't trade. So try trading at your own risk. It can make or break your cryptocurrency experience. (8) As much as possible, use a hardware wallet Just so you know, this is supposedly the most efficient way to secure your coins. Personally, I haven't gotten a hardware wallet yet. I use Bread wallet, which is an open-source software wallet. Sabi naman ng madami secure daw ang Bread. I keep all of my bitcoin in Bread, except for the bitcoin I play around with for trading. If you have 1 or more full bitcoin, you might want to get a hardware wallet though. (9) Cashing Out If we still use coins.ph as an example, they have multiple cash out options (cebuana lhullier, mlhullier, security bank, etc). So you can convert your bitcoin back to php and when it's in your php wallet, you can cash it out. Note though:
Your cash out limits are restricted based on your verification level in coins.ph
Converting bitcoin to php will get counted against your cash in limits
Hindi ko pa nasusubukan mag cash out so take all this with a grain of salt!
Also, someone mentioned buybitcoin.ph as a cash out option Ano pa ba? Ask and share your cryptocurrency questions, stories, tips, and tricks.
If you’re working in the private sector, chances are you’re more than well-versed on how contributions work. Contributions whether in the Social Security System (SSS), PhilHealth, and Pag-IBIG HDMF. In this context, we’ll just focus on the SSS. In addition to that, contributions are directly paid and taken care of by your employer. Virtual Pag-IBIG is an online government agency service that allows you to do Pag-IBIG Fund transactions through their platform 24/7. It’s responsive to desk and laptops, and even mobile devices so you can look for information, apply for loans, and other Pag-IBIG tasks quickly and conveniently. Whatever you want to use it for, the Pag-IBIG Housing Loan is an affordable way to own a home. Here’s a complete list of Pag-IBIG housing loan requirements, plus tips on increasing your chances of getting it approved. Pag-IBIG housing loan application requirements. Below are the standard requirements for a Pag-IBIG housing loan. Pag-IBIG Fund Hotline: 724.4244 If you have worked in different companies in different location, most probably your Pag-IBIG contributions and records aren't consolidated yet. What you can do is go to Pag-IBIG Fund's office where you're present company is remitting your contributions. Paying Pag-Ibig Amortization via Metrobank Direct The birth of the Home Development Mutual Fund (HDMF), more popularly known as the Pag-IBIG Fund, was an answer to the need for a national savings program and an affordable shelter financing for the Filipino worker.
HOW TO APPLY ONLINE FOR PAG IBIG CALAMITY LOAN 2020 AMID COVID-19
TIN,BARANGAY ID ,PAG IBIG ID, PHILHEALTH ID, SCHOOL ID, COMPANY ID not accepted ... STEP BY STEP on How to earn through bitcoin using COINS.PH Maui Manalo - Duration: 3:45. Needless to say, it’s a convenient and secure way to do Pag-IBIG transactions. Launched on Dec. 12, 2019 by Pag-IBIG officials, this online portal also has a chat function where a customer ... Gamit na lang ang kulang pag kayo ay nakalipat na dito. ... Pag Ibig Loan Value: P974,000 Pagibig 30 years: P6,156.34 ... for faster transaction pwede nio po ako i message sa FB https://www ... How to apply for Philippine National ID hello, in this video , i'm going to share with you the procedures on how to get a philippine national ID, Here are the things that we will going to talk ... He also has investments on various methods like Pag-Ibig MP2 (Pag-ibig Modified savings 2), Insurance, VUL (variable unit life), stocks, Personal Equity & Retirement Account (PERA), and many more ...