Bitcoin: Exposed?

[Vannie12]

Bitcoin is now on so much exposure in public. Many of them are still curious about it. For me bitcoin is not a scam its some of the users who use bitcoin in scamming thats why many are not satisfy on the proofs that bitcoin is not scam coz many are still the victim of it while using bitcoin.
We cant stop them and we cannot blame bitcoin because this is not their fault, so the only thing that we should do is make or keep our accounts in private and as much as possible read a lot of details about bitcoin to avoid scam.

[iamlds08]

A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?

the researchers didnt dig deeper about bitcoin and the story is focused on scams and other fraud but i never heard that they say directly that bitcoin is a fraud just putting the name of bitcoin in line with scams and ponzi schemes 

[aencarnaci]

A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?

It is your responsibility to stay away from untrusted sites and we should try to avoid this untrusted transactions. But I don’t think that bitcoin is a scam as many people in the world use it and it helps them to be financially stable and live a very good life. I helps people in earning money not  loosing it.

Many people have become millionaire due to it and by looking at all this no one will say that it is a spam instate I this that it is i great invention than has the power to change the world in the currency field and also change the whole currency system in the world. I is profitable to me and many people like me so I trust it.

[tweetbit]

Failon Ngayon is nothing but a propaganda tool like any mainstream media does. They were paid and manipulated by the sponsors of the show. The host is nothing but a ex-politician that may not be corrupt or might be but not exposed. Then in this move who will benefits from it and those promise that guy are just like most of the pyramid scammers roaming around, bitcoin or fiat it exist.

[bitctrimor1]

A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?

I'll say so scammers were everywhere. but he had to understand that bitcoin is the next pyramid. And if not now, he would have lost his money in the future. I hope after that, the Philippines will also go to the ban of bitcoins and it will fall in price and popularity.

Be wise in investing! Soon bitcoin will shutdown because countries will be banning the use of it. Scammers and hackers will make the name of bitcoin go to waste. It is you scammers who put bitcoin down! Get lost! Let us switch back to ETh instead.

That's right. In every industry, whether it's a mainstream or an up-coming venture, scammers would always device ways to gain in the expense of people who doesn't know much about its ins and outs. As they say, "when money talks, everyone listens;" having said, it's easy to convince people to do something or invest in something for that matter by blinding them with the earnings they can potentially get. As an investor, it would always be standard to research and not trust any person who tries to get your money for something that is too good to be true. Even in this market, I would agree that the dangers of being scammed is high, ever greater now since the value of bitcoins is getting higher and higher.

[zenrol28]

FAILON NGAYON is a show where they expose those sorts scams / corruptions / malicious doings. So its just normal that they relate Bitcoin to a scam. Because its their job to make that kind of topic. There are no more technology related shows in the Philippines (i think, like KNOWLEDGE POWER), that is why people are likely to be ignorant when it comes to progress of technology.

[akiexx]

It is good that some TV show bring this kind of topic for us to be aware of this scams. I think before we engage to to an investments we should always check their background first.

[criz2fer]

Failon Ngayon is just as fucked as the news just made by the researcher of the episode. Not even knowing bitcoin and making it as a FUD for themselve. Bitcoiners in the Philippines are a lot wiser than this and not as blunt as this reported. Also OP are speaking about another platform which is not bitcoin. Very misleading topic here that make the thread so confusing. I have saw people posted it on facebook and by reading the comments, people really disagree on the episode Failon aired. Hope that this will be cleared to all my fellow Filipino's about bitcoin specially the newbies here in the forum.

[Shamie1002]

Social media will always keep on exposing negative things. They will only advertise good feedbacks when they will have benefits from it.
News can always be true or false. Yes bitcoin may be prone to scammers but not in all circumstances. They should know why bitcoin is used in the first place. It's purpose is for benefits and only those who greed for money are the cause of scams. Bitcoin is not a scam.

[rjbtc2017]

Failon Ngayon is nothing but a propaganda tool like any mainstream media does. They were paid and manipulated by the sponsors of the show. The host is nothing but a ex-politician that may not be corrupt or might be but not exposed. Then in this move who will benefits from it and those promise that guy are just like most of the pyramid scammers roaming around, bitcoin or fiat it exist.

Agreed,They didn't even researched deeper about what is the SCAM on that "EXPOSE" story, they even used a wrong headline, that show is certainly a shit show and there's nothing we can do about that. They are just putting Bitcoin as a SCAM and not the culprit who uses bitcoin as a "payment" for his scam activities. Do not just believe on what you see on TV or mainstream media, try to research to confirm it.

[bellamae]

I think he does not know about bitcoin because if he knows about bitcoin he can not be scammed. But it's in that person whether you're cheating or not. Not because the bitcoin is famous so you just have to invest it like that he would have studied it first well if it was legit. So let's get it through to all of us to be especially smart on the websites, we study first If we have no background  we can ask for advice on people with experience especially with bitcoin.

[haroldtee]

FAILON NGAYON is a show where they expose those sorts scams / corruptions / malicious doings. So its just normal that they relate Bitcoin to a scam. Because its their job to make that kind of topic. There are no more technology related shows in the Philippines (i think, like KNOWLEDGE POWER), that is why people are likely to be ignorant when it comes to progress of technology.

Since it is their job to make that kind of topic, is it not also their job to give people the right information? If they know they cannot get their facts straight, why would they then have to come out and spew garbage? I just pity the people who listen to them, cause they would apparently be so naive enough not to do research by themselves since the so called leading news program could not. That is a kind of show that should be discarded like an ant's fart.

[zenrol28]

FAILON NGAYON is a show where they expose those sorts scams / corruptions / malicious doings. So its just normal that they relate Bitcoin to a scam. Because its their job to make that kind of topic. There are no more technology related shows in the Philippines (i think, like KNOWLEDGE POWER), that is why people are likely to be ignorant when it comes to progress of technology.

Since it is their job to make that kind of topic, is it not also their job to give people the right information? If they know they cannot get their facts straight, why would they then have to come out and spew garbage? I just pity the people who listen to them, cause they would apparently be so naive enough not to do research by themselves since the so called leading news program could not. That is a kind of show that should be discarded like an ant's fart.

well like what i posted their job is just to expose, but not to clear things up. they left the viewers hanging. and its up to us viewers to find out more somewhere else. lucky for us that we're blessed with open minds that's why we just don't believe to medias so easily. we just have to hold on what we believe what is true.

[usorin]

There are hackers and scams and so on, but you become a victime only in the moment you dont aplly some safety measures, i mean general measures like informing about the person or the product in question, you ask around about it, you analise the situation because, usualy when it is a scam everithing is to beautyfull just to atract you. So yes, there are scams but there are olso safety measures.

[redsun114]

I think he does not know about bitcoin because if he knows about bitcoin he can not be scammed. But it's in that person whether you're cheating or not. Not because the bitcoin is famous so you just have to invest it like that he would have studied it first well if it was legit. So let's get it through to all of us to be especially smart on the websites, we study first If we have no background  we can ask for advice on people with experience especially with bitcoin.

There is no reason to deny this fat that bitcoin is a wonderful thing but it is you whose efforts and hard work will decide whether you are going to have a good amount of profit by investing in bitcoin or not. Earning profit by investing in bitcoin will be only possible if you are having a good background knowledge about the things related to that of bitcoin and crypto currencies. Moreover, you have to make the things work for you.

[phieudu0408]

One of the most common forms of malware in 2014 was “ransomware” – cybercriminals trying to extort money from victims either by locking their devices and demanding a fee to release them, or by accusing them of various unpleasant crimes. Holding encrypted files for ransom is not entirely new, but getting the ransom paid has previously proven problematic for the crooks. However recently ransomware makers have started leveraging online and electronic payment systems such as Bitcoins to get around this challenge.

[justspare]

I think he does not know about bitcoin because if he knows about bitcoin he can not be scammed. But it's in that person whether you're cheating or not. Not because the bitcoin is famous so you just have to invest it like that he would have studied it first well if it was legit. So let's get it through to all of us to be especially smart on the websites, we study first If we have no background  we can ask for advice on people with experience especially with bitcoin.

It could be true because not all the people are aware of the bitcoin and the importance of the bitcoin not the bitcoin will get low but all the people are having the benefit of the bitcoin now, I know the unfair mean of the bitcoin is now increasing because all the people are buying the bitcoin and holding for the long time I know the bitcoin price is now high and people are making it more famous.

[huige007]

So sad to know this, I hope this will be feedback with good thing, I hope people will gonna make it in philipines. And also I hope this will not make bitcoin expresion last to the people of the philippines.

Yeah for sure all the people are aware of the bitcoin profit and the other income benefits so buy the bitcoin and hold for the long time so buy the bitcoin and buy till the income of the bitcoin and till the end of the year the bitcoin price will be the end of the world and the price will be more than this till now and for the value will have the fun if you will buy the bitcoin you will have the fun.

[macchiato]

This is why all should be cautious and wise when it comes to investing. The tv show's purpose is to give people a head start before investing in bitcoins because there are a lot of so-called companies who use bitcoins to trick other people. Those who promised extremely high profits for short period of time are usually scams because real investments last a long time. Before investing into something, research first and be clever. Scammers are easily detected - study their tactics and don't be blinded by big profits just yet. Anyway, I am amazed how Failon Ngayon featured a timely news. I am from the Philippines and it is great that a national tv is starting to publicize bitcoin. Thus, Filipinos will be more informed about bitcoin, its role in the market and how to be involved with it with caution.

[batang_bitcoin]

Just move on people, there are medias that are bias and there are that aren't.

It is good that some TV show bring this kind of topic for us to be aware of this scams. I think before we engage to to an investments we should always check their background first.

Even in fiat there are scams and most of the people are still using fiat even us here. But to tell that bitcoin is "scam" it should be reviewed as they are not using the right term for it. Bitcoin has been tool for everything and any transactions can happen with it.