Warning BITCOIN Scam... Be Cautious!

[fortuneteller]

One of the Major Reasons why some Government sees Bitcoin as a threat to their country is because people might use it as an opportunity against some other people who wanted to earn and make a living. Just recently in the Philippines a couple was arrested because of scam, they uses a pyramid scheme and baited people to invest via electronic money. It started when Bitcoin is at its hype, giving them the chance to use it as front.

For our safety and security, please read this article and be aware. https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam

Hope this could help everyone and let us be cautious. Earning money is not that easy as what other think of it. It requires patience, dedication, determination and focus to reach your goal.

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[Asyifiah]

not just in the Philippines.
but still many other countries like that , education about cryptocurrency should be extended to the general public.
I had been a victim of that sort of thing before , but it makes me a valuable lesson to better understand cryptocurrency.

[Sudhik]

Based of this problem, I think the government should be introduce about cryptocurrency to the society's, that's will be better than just blame bitcoin because the scamers, government can't stop the technology, so government should e think clear!

[Gunawan82]

this is what causes bitcoin to be bad in the eyes of government, irresponsible people make Bitcoin worse for now, and true our friend Bitcoin and cryptocurency should be more information so people who do not know will be more aware not to repeat incidents like this again..

[menggay16]

I think you read it in many time to know that is not related with bitcoin. Its true that was a similar with "scam" but the Boss in that news was acctually used some agency or a company to recruite members to ther illegal activities. But there is no issue in the cryptocurrency especially in Bitcoin.

[Tux99]

not just in the Philippines.
but still many other countries like that , education about cryptocurrency should be extended to the general public.
I had been a victim of that sort of thing before , but it makes me a valuable lesson to better understand cryptocurrency.

Rather than thinking about bitcoin is scam or whatever which make us not open to accept new techlogy, better we educate oursleve become knowing what is real about bitcoin and after we will more understand and make the right decision.
Earning money is not that easy like you said and its true. Investing in bitcoin is also not easy so its the same.

[alyssa85]

One of the Major Reasons why some Government sees Bitcoin as a threat to their country is because people might use it as an opportunity against some other people who wanted to earn and make a living. Just recently in the Philippines a couple was arrested because of scam, they uses a pyramid scheme and baited people to invest via electronic money. It started when Bitcoin is at its hype, giving them the chance to use it as front.

For our safety and security, please read this article and be aware. https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam

Hope this could help everyone and let us be cautious. Earning money is not that easy as what other think of it. It requires patience, dedication, determination and focus to reach your goal.

Scammers always move into new unregulated spaces. Once regulation and public knowledge increase, then the number of victims drops and the scammers move on to something else.

[BagzMM]

One of the Major Reasons why some Government sees Bitcoin as a threat to their country is because people might use it as an opportunity against some other people who wanted to earn and make a living. Just recently in the Philippines a couple was arrested because of scam, they uses a pyramid scheme and baited people to invest via electronic money. It started when Bitcoin is at its hype, giving them the chance to use it as front.

For our safety and security, please read this article and be aware. https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam

Hope this could help everyone and let us be cautious. Earning money is not that easy as what other think of it. It requires patience, dedication, determination and focus to reach your goal.

I will rather blame those victims as irresponsible as they were blind with the higher interest rates in just few days... imagine who will be a legit business will give you that high interest rate. In the first place it smells fishy but they still continue and the bad part they invest more from there relatives money. I'm so sad as many people are blind in the sweet word that they will become rich in just setting at home.

[charlotte04]

One of the Major Reasons why some Government sees Bitcoin as a threat to their country is because people might use it as an opportunity against some other people who wanted to earn and make a living. Just recently in the Philippines a couple was arrested because of scam, they uses a pyramid scheme and baited people to invest via electronic money. It started when Bitcoin is at its hype, giving them the chance to use it as front.

For our safety and security, please read this article and be aware. https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam

Hope this could help everyone and let us be cautious. Earning money is not that easy as what other think of it. It requires patience, dedication, determination and focus to reach your goal.

There are news lately here in our country that people are using Bitcoin to scam other people. That is not a good way to set the image for Bitcoin.

[LuckyHopper18]

There are news lately here in our country that people are using Bitcoin to scam other people. That is not a good way to set the image for Bitcoin.

Its a matter of perspective mate. Mostly people are fooled because of the High ROI scams are offering and the name of Bitcoin is just being dragged because its something new and never heard of. Remember people are always curious of the unknown.

[tungaqhd]

One of the Major Reasons why some Government sees Bitcoin as a threat to their country is because people might use it as an opportunity against some other people who wanted to earn and make a living. Just recently in the Philippines a couple was arrested because of scam, they uses a pyramid scheme and baited people to invest via electronic money. It started when Bitcoin is at its hype, giving them the chance to use it as front.

For our safety and security, please read this article and be aware. https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam

Hope this could help everyone and let us be cautious. Earning money is not that easy as what other think of it. It requires patience, dedication, determination and focus to reach your goal.

Many greedy user join scam Ico, hyip and got scammed. Then the news appear on Tv, News paper. Bad news appear more than good news, so the goverments don't see too much advantages of bitcoin.

[Baraban66]

Scammers always earned on hyip, pyramids, avarice and greed of people. When the media promotes information about cryptocurrencies, they indirectly help scammers

[paul00]

One of the Major Reasons why some Government sees Bitcoin as a threat to their country is because people might use it as an opportunity against some other people who wanted to earn and make a living. Just recently in the Philippines a couple was arrested because of scam, they uses a pyramid scheme and baited people to invest via electronic money. It started when Bitcoin is at its hype, giving them the chance to use it as front.

For our safety and security, please read this article and be aware. https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam

Hope this could help everyone and let us be cautious. Earning money is not that easy as what other think of it. It requires patience, dedication, determination and focus to reach your goal.

Many greedy user join scam Ico, hyip and got scammed. Then the news appear on Tv, News paper. Bad news appear more than good news, so the goverments don't see too much advantages of bitcoin.

Like what he said because many people are taking for granted in return of their investment that they will get and as a citizen we must be vigillant on the social media so others will be notified on what are happening to the crypto and teach others on what are the pros and cons when investing in crypto. So we will not get a negative effect on our community.

[alphaomega.f]

bitcoin has been infiltrated by scam bounty programs and many are victims from all over the world. that's why people who plan on knowing bitcoin gets afraid whenever they hear the news or stories of people that was scammed.

[noelanora99]

Given that there's so many shitty goblin in the world it's the most advisable to beware of your every dealings and transaction. Their greed is insatiable, if they ever given a chance I'm sure you'll go drought, it really drive people frustrated. So folks, take and extra really really careful.

[GoodTrout55]

This is nothing new. Its happening all over the world, scammers tend to use the ignorance of the people which easily be persuaded with BIG profit not knowing it is a scam.

The problem lies on the investors itself, as they have not researched well before pouring there money.

[dupee419]

Not literally the word "Bitcoin" is a scam, this whole post is misleading. Bitcoin is not a scam, it has helped a lot of people, what ruins bitcoin and other cryptocurrencies is the scammers and frauds, first things first there are a lot of cases of scam in the industry, what I'm trying to point out here is that bitcoin is actually valuable, you can use it as an alternative income for your needs or even make it as your primary way of earning, but again let's not mislead the people who are trying to know bitcoin. it it is again valuable and what ruins is is the lack of security, criminals are actually using bitcoin as a way of transacting malicious stuff, let us not go with that topic, but again, for all the beginners out there, please continue to learn what to do and what not to do in the surface.

[jemarleon]

Yes its true that bitcoin's name can use by other people to scam those ignorant in cryptoworld because of the boom of bitcoin last year 2017.

But its not Bitcoins fault, those victims put their money without knowledge how it works and it is their own fault. Their ignorance bring them to this worst situation.

If I am the one offered by these unknown people and if Im completely ignorant on bitcoin I will never put my money to them, I will do a deep research first if those people are legit and trustworthy.

[jeni99]

why the government forbids bitcoin?
because bitcoin is indeed a threat to the country one of them is the official money inflow of the country and will be a means to launder money for the corruptors.
of course there are many more factors that make bitcoin is considered a threat.

[futureofeth]

One of the Major Reasons why some Government sees Bitcoin as a threat to their country is because people might use it as an opportunity against some other people who wanted to earn and make a living. Just recently in the Philippines a couple was arrested because of scam, they uses a pyramid scheme and baited people to invest via electronic money. It started when Bitcoin is at its hype, giving them the chance to use it as front.

For our safety and security, please read this article and be aware. https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam

Hope this could help everyone and let us be cautious. Earning money is not that easy as what other think of it. It requires patience, dedication, determination and focus to reach your goal.

It depends on the people because already we have plenty of opportunity here with Bitcoin Investment, we should not divert for fast money because where we get money fastly, it will get into scam very fastly too. So it is always good to take wise decisions before making any investment.