Topic: [ANN][PSB] Pesobit, the currency for remittances and international cooperation - page 22. (Read 62266 times)

Another great update Dev!

Had a long meeting few hours ago.
Pesobit will be able to connect to the banking network.
There will be another platform that will act as your peso wallet which you can load up via your pesobits.
This peso wallet will be attached to the banking network meaning you will be able to buy load, pay your bills, load up your debit card and many more.
Your debit card will work as atm so it can be a remittance solution.
Your peso wallet can also be used for ecommerce using a tap and pay kind of system.

Nice naghihintay ako ng mobile wallet dahil mas convenient ang cp kesa sa pc kahit saan magpunta, pero guato ko lang malaman safe ba ang coinomi? Matagal ko na nakikita ang wallet na yun pero di ko pa natry.

Good News: Already secured the coinomi's confirmation regarding Pesobit inclusion to their wallet.
You can see their announcement here.
https://twitter.com/CoinomiWallet

Bad News: Didn't have the enough time finishing the Staking section of the wallet due to this recent development with Coinomi.

i cant wait for the remmitance....
pesobit has a great potential....so i recommend for the traders to hold their coins and wait for it to pump...100% it will pump up t a certain amount that will satsisfy us all
we just need to support the coin..

ayos to ha mas mapapalapit na tayo sa mas magandang hinaharap ng project hindi natin kinailangan makiusap sa yobit dahil sila na mismo nag add then dadami n rin ung magkakainteres dun dapat siguro magkaroon ng rally dun at pataasin ung price mas maingay sa yobit mas malaking chance na makapasok sa polo madami naman pinoy na yobit campaigner na kasama din dito  sa psb project sana full support muna lahat hehehe.

Office, pinaguusapan yan pero sana ung hindi mahal para ung mga services to be offered manatiling as it is and affordable sa mga pinoys. We want to provide cheap and quality service e.


So, we're added in Yobit eventually without me requesting for it bringing the total number of exchanges 6 (C-Cex, Yobit, Cryptopia, NovaExchange, TradeSatoshi and MegaCrypton). I'm not really advising you to go to the unreliable exchanges, I just posted it here so you would know where can you trade your Pesobits into.

Coinmarketcap Exchange rankings based on 24 hour volume placed Yobit higher than Bittrex followed by C-Cex then Cryptopia. In Cryptopia though, you will see that Pesobit has almost half of their total 24 hour volume and we're seen at the top of their list.

Here's the link: http://coinmarketcap.com/exchanges/volume/24-hour/

So what's next, Staking feature will be enabled in a few hours time (evening in Manila). Basically it has packages to choose from (5000, 10000 .... 100,000) and locking for a 30-day period in return for a higher staking rewards than your desktop wallets. After the 30-day period, the locked or staked coins will be freed up to your Available Pesobits including the stake rewards.

After a day or 2, we will be allowing buying of the Staking packages via bitcoin for those who doesn't have enough Pesobits in their Available Pesobits in their wallets. Then for Filipinos, we'll allow buying the Staking packages via Philippine Peso equivalent making use of coins.ph Peso wallet address since they're free to use anyway and available for every coins.ph user. This is so Filipinos can make the most out of their money and not go through Peso->Bitcoin conversion fees but it will require manual intervention for verification so the process won't be instant but will definitely be credited within the day and all you have to do is to upload/send your transaction proof screenshot to the wallet. You'll see how this works within the next few days.

Keep in mind that remittance, ecommerce and freelancing will still be tackled and is being handled one step at a time.
Still no response from Bittrex and Poloniex so all we can do is tweet about it together with including @shapeshift_io in your tweets pertaining Pesobit as we all know how great their platform is and it will be a big plus if Pesobit gets there in time for Coinomi integration.

For those who doesn't know what ShapeShift is, you can check it out here: http://shapeshift.io. They're an instant exchange using trading prices and allows one coin to be tradeable to several supported coins.

every time i visit this thread there is always a good news.
.Sir Lutzow is very active on this project i wonder where will you build your office?
i can say that this PSB is great cryptocurrency coin for us it is fast comparing to bitcoin hopefully sir we can use your online billing na so we could test it how good is the service.

We're getting closer with the implementation of Online Staking and you can now see the final numbers (staking and earnings) by going to the Stake section. We will also enable bitcoin payment for those who doesn't have enough Pesobits in their wallets using the current bitcoin/pesobit exchange rate.

Marketplace section can also be opened to show the drafted page.

There are lots of inquiries regarding users who want to buy Pesobit who doesn't have any knowledge going through the process of trading so we'll be opening Buy Pesobit section as well using bitcoin as payment. For Filipinos to get the most out of their money, I'll have to check if we can implement a system where you can transfer from your Peso wallet in coins.ph to our Peso wallet since it is a free service anyway and bypassing the Peso->Bitcoin transaction fees.

anyone having a hard time withdrawing psb?
was trying to send my psb to the pesobit online wallet but seem pretty hard to do it and it don't send email.

yan yung estimated time lang na kung kelan ka mkakarecieve ng stake coins. kumbaga sa bitcoin mining, kapag mababa yung mining power mo ay maliit ang chance na makapag mine ka ng block, pero kapag sa PoS coin ay mababa naman ang chance na mkakuha ka ng stake coins kapag maliit ang value ng coins mo and hindi pa matagal na nka stock sa wallet mo yung coin. habang tumatagal ay tataas yung "weight" nyan na prang tumaas yung hashing power mo, mas mataas na weight ay mas mabilis ka mkakakuha ng stake coins

pwede ka din bumili pa ng madaming PSB at stock mo lng sa wallet mo, mas mataas yung magiging weight ng wallet mo at mas madalas yung mkakuha ka ng stake coins

Great Move for Pesobit! This is pretty Awesome!

What is Coinomi, a future wallet of Pesobit?

Coinomi is a mobile wallet with multi-coin support and shapeshift.io integration which means you can convert Pesobit to dozens of different coins at ease including Bitcoin, Etherium, Doge, Litecoin and many more without going to an exchange. See all the supported coins and features here.

https://coinomi.com/

Once we have the exact ETA already then it will be announced.

Currently works in Android and downloadable in Google Play. But Windows, Linux, mobile iOS, and MAC wallets will also be available soon.

And since it is mobile, barcode scanning when sending funds is possible.

Pag staking ba magkano makukuhang reward? Tsaka napansin ko pababa ng pababa yung expecting day to earn the reward. Dati 1800+ days pa
after 15-30 mins bumaba sya ng 1600 days nalang. Pa explain po. Salamat.  

Edit: may time naman na dadagdagan yung time

ay ganun po b. Sayang naman at di ako nakahabol ,magkano naman po ung palitan ng pesobit? Sinu po pwede mag bigay sken ng pesobit khit konti lang.

Understanding the market

Pesobit is having a sideway market or basically a stable one with prices playing within a certain range recently. In every trading, bullish market are usually followed by a bearish market due to profit takers and it happened to Pesobit few days ago when it peaked around the ~10k satoshis or roughly 3 Philippine Pesos per coin.

Most people will ask WHY? I think the better question is WHY NOT? People trade for profit and that ~10k satoshi mark is a good selling price, you'd rather sell at 10k satoshis than in 10211 satoshis what I mean is, it is a very appealing number especially coming from a 343 satoshi ICO price which is a very big jump. Good traders know that the 10k satoshi mark is somewhat a mini barrier in price so what will happen is that people will start selling just below that appealing selling point. Coincidentally, 10k satoshi or 3 Philippine Peso mark also became the initial peer-to-peer price but don't worry it's not your fault guys it's just makes the 10k satoshi mark a good selling point.

So why did the coin go down all the way to around the 6000 satoshi mark? Once people see that sellers are creating big sell orders at 10000 satoshi, some will start selling cheaper just to get ahead of the pack and it will create a snowball effect or downtrend caused by panic selling but you can't blame them they just simply want to get their profit as most of these sellers came from a 343 sat mark meaning the 9000-10000 price range is x30 ROI. Any legit investments bearing a x2 ROI is already considered a very lucrative and in any trading that's an easy target for selling what more a x30 ROI.

In trading, there's consolidation or basically prices moving within small ranges. Consolidation occurs when people are agreeing with the current price range making it some sort of a benchmark as people are battling for buying and selling at a price range. Price can breakout in either ways after a certain period of consolidation and this is when people collectively decide that the value of a unit (in our case Pesobit) deserves a higher or lower price than what it is within the consolidation period. If more buyers come in during a consolidation period then it could break out creating another upward trend, but if there are more sellers then the price will go down again. Consolidation breaks depending on who wins the fight, the buy pressure or the sell pressure.

If you're a long term holder of a stock or coin, you will want a consolidation because it gives you more time to acquire the stock or the coin at a cheaper price before it breaks out. Because once it breaks out to a higher level, you will have less purchasing power meaning you can only get less Pesobits with what you have. Every trader have their own reason why they want the price to be at a certain level, some will start a downtrend so they can get more out of their money as they will end up buying after the price goes down, some will start to spread negative news or create chaos to hold the price for a longer period of time either because they're waiting for funds that they'll be using to buy for or they just simply hate Pesobit. In most cases, the haters end up buying the coin secretly after it goes to a downtrend so don't bite into their psycho war as they usually win. Day traders are well experienced and will do whatever it takes to get the coin that they want at a cheaper price.

Always remember though that Pesobit is not just a coin for trading, it is a cryptocurrency for usage so even some of you are getting the hang of trading this is just to remind you that trading is just sideshow for Pesobit. The reason why I'm pushing Pesobit to more currencies is for people to have more ways to buy/sell Pesobit. It makes Pesobit more liquid by having more exchanges within the community and there are more to come as I myself are dealing with these service providers that will make Pesobit as famous and as liquid as possible. What is the high-price for if you cannot convert it and that's where the trading volume comes into play. The higher the trading volume the currency has, the more liquid it is. The more liquid it is, the more stable the price becomes because of Arbitrage - and you're seeing this into play already.

Easy liquidation, more stable price is what's needed for Pesobit adoption in markets like eCommerce while Remittance and Freelancing will also benefit from that but eCommerce will be the most affected. There are other plans to increase price stability.

Earlier I bought several orders at C-Cex to bring the Sell Price up again, it's basically to show some how trading works and that one person buying the Sell orders won't create a better price and it is simply because of our higher marketcap. A single buyer with 5 btc or less or a single seller selling 10,000 Pesobits won't affect the price too much. A breakout from consolidation requires a collective effort and a big buying or selling power.

But don't worry, usages will come, negotiations are being done in the background, developments are being done in the background so the price will increase naturally due to higher demand and that is what Pesobit is all about anyway, it's not about price manipulation in trading and creating price bubbles it's all about great demand and that price increase will come naturally whether you like it or not. For now, learn how trading works. See what causes price breakouts in the near future so you will be able to time them well to your advantage. There is a saying, Buy the rumors, Sell the news, it can work in your favor.

On the side note, Pesobit price is attached to bitcoin (we have USD but in C-Cex only) meaning if Bitcoin price increases alternative coins' prices like Pesobit decreases because for the simple reason that people want to convert their Pesobit to bitcoin so they can sell their Bitcoins. There are times that you're losing value in bitcoin but in US dollar, you're actually not.

Hahaha, you are truly so late dude!  Pesobit is now almost a month since launched.
Just trt your luck nextime.

Five Hours and Thirty Minutes na ang nakalipas pero bakit "Nothing Staking because you don't have mature coins".

May minimum ba na amount ng coins para mag staking na yung wallet ko? Tsaka po san po pwede makitang yung lahat ng transaction ng PSB
(Katulad ng blockchain.info)

Coinomi is good. Please try to add PSB on the list, with this PSB holders can easily get the mobile wallet they need either android or iOS.

Or groupchats in facebook, there are always people there who you can talk to regarding Pesobit.


BTW. Any of you have long experience using Coinomi? Is Pesobit a good addition to Coinomi? Let me know your thoughts. For those who haven't used them, you can visit https://coinomi.com