Research Title

THE FUTURE IS HERE: THE VALUE

AND IMPORTANCE OF BITCOIN TO
THE FINANCIAL STATUS OF IT’S
USERS.
 Proposed Research Titles:
• THE FUTURE IS HERE: THE VALUE AND
IMPORTANCE OF BITCOIN TO THE FINANCIAL
STATUS OF FILIPINO
• THE IMPACT OF BITCOIN TO FILIPINO
BUSINESSMAN OR USERS IN BALIBAGO A.C
• THE ADVANTAGE AND DISADVANTAGE OF
BITCOIN TO THE USERS
 Scope and Delimitation
• The study is a descriptive research with the
sample size consisting of a total of 10 bitcoin
users from the balibago, Angeles city. The
bitcoin users were selected by satisfied
ramdom sampling of (10) bitcoin users around
Balibago, Angeles City.
• Lack of participants, and it’s complicated
 Introduction
• Bitcoin is one of the many virtual currencies which are called cryptocurrencies Bitcoin, first released as open-source software in 2009, is generally
considered the first decentralized cryptocurrency. Bitcoin is now the largest and the most common crypto that is used today.
• The bitcoin before isn't worth anything from 0.06$ and now it's worth 500 times, there is no official bitcoin price it goes down it goes up depending on
the supply and demand.
• How does the inflating value of bitcoin affects the economic development?
• As far as the impact of Bitcoin on the global economy is concerned, it has resulted in increased trust factor of the users. People engaged in any types of
transactions may now do so in a safe manner as complete assurance about the user information prompts them to carry out transactions without any
hesitations. People who used to be reluctant about trading online due to fear of leakage of their information are now coming forward due to the advent
of Bitcoin. This in turn definitely has a positive impact on the overall economic scenario worldwide.
• Increase in online trading activities
• With the use of Bitcoin, you may remain assured of reliable transactions. It is because transactions take place amidst the individuals or the institutes.
Hence these tend to be and in fact prove to be more reliable. That is why more and more people now show interest in online trading activities.
• Reduces chances of frauds and scams
• The chances of frauds and scams are always there in the economic field . With the use of Bitcoin, the safety of the online transactions is ensured. Thus
chances or frauds and other risks are eliminated or ruled out totally.
• How Many People Use Bitcoin? Here’s the Math!
•
• In light of the limited data and the impossibility of accurately determining the number of bitcoin users around the world, we can safely estimate that
there will be around 20 million users globally.
•
• This figure can be derived by assuming that out of the 22 million bitcoin wallet addresses, several are no longer in use and that many users occupy
several wallets. On the other hand, we can also assume that the number of bitcoin users outside of the 32 countries that Coinbase services, will be
several million – especially since major bitcoin economies in Asia are not included. Hence, around 20 million bitcoin users globally can be considered
as a fair estimate.
•
• Spartan warrior holding a shield and a weapon.
• It is safe to say that the vast majority of bitcoin users are hodlers.
• The majority of these users will be private buy-and-hold investors who want to capitalize on the potential future price increase of the digital currency.
In terms of actual day-to-day users of bitcoin as a spending currency, the number will be much smaller.
 Research Questions
• What will be the impact of bitcoin to the
people who are using if for everylife?
• What will be the benefit of bitcoin mining to
the economy in Balibago, Angeles City?
• What is thethe relationship between bitcoin
and the financial status or the people in
Balibago, Angeles City?
 Hypothesis
Using Bitcoin have a positive impact on the
financial status of its users
 Significance of the Study
• The study was made for the
student,researchers,people for the future
researchers it will enable them to be aware of
the effects of using bitcoin as well as the
advantages and disadvantages of it. More on
about its effect on the financial status of the
user This study will help people to have
knowledge about crypto which is the future
currency that will soon take over the world
 Related Literature/Studies
• “Impact of Bitcoin as a World Currency” by
A.Seetharam, A.S. Saravanan, Nithin Patwa and Mehta
(2017)

• “Inferring the interplay between network

structure and market effects in Bitcoin” by
Kondor, Csabai, and Gattay (2014)

• “Is bitcoin a decentralized currency?” by

Gervias et al. (2014)
 Methodology
• The researchers will conduct a survey and
will have 10 bitcoin users around
balibago as the participant
• Sampling Technique will be snowball
 Methodology
• The method that used by the researchers
is quantitative