Warning BITCOIN Scam... Be Cautious!

[Noilee]

I think people are don't have enough knowledge, so this is why they are victim of scam, so people blame bitcoin because they are the victim just called a scam its people fault. Bitcoin is not a scam, because its a great help to all people and very useful currency and there are many people are prove already that they earn in bitcoin. Even if there is a negative news, i believe government still support bitcoin and people continue to invest.

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[layoutph]

I was so pissed off the time I watched that video. These mafia scammers has just seen the potential of getting easy money scam using crypto. They are hiding their scam schemes using the crypto currency. This is a complete disgrade to crypto specially to Bitcoin. Ignorant people are blaming Bitcoin to be scam too.

[Crypdon]

There are bitcoin scams everywhere which gives it a bad name, but when you look in the non-digital world you see builders tricking old people into unnecessary roof repairs, dentists giving extra fillings that aren't needed, those are cash scams and exist in higher abundance than bitcoin scams

[ecnalubma]

Scams happens daily around the world fiat or crypto are primary tools, thats why we need to support some goverment regulations in order to destroy scams such as pyramiding schemes but the public should also get involved by being vigilant and to be aware of the danger that theyre into.

[Dudeperfect]

As we all know that Bitcoin is not a scam but there are the people who are using it to execute their scams. It is defaming Bitcoin and building a negative perception of it. However, Bitcoin is based on the principle of decentralization so it is our responsibility as a user to stay alert. We are responsible for our actions and we deserve as per our precautions. I do believe that many problems will fade away along with the increase of mass market maturity.

[coinplus]

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.

Yeah, a lot of countries have been plagued by the activities of scammers who are looking for gullible, naïve and greedy investors who are looking for ways to quickly get rich. By now, I believe that every sane person should have known that as long as it is ponzi, it will only pay those in the top chain and things like this should be discarded.

Since people will never stop getting greedy, these set of scammers already know they will always have the greedy ones to just fall. Because of a lot of people are getting greedy and looking for quick ways to make money in areas they should know better that does not even make sense to do so.

If life is that way, we would have all been extremely rich and everyone would have had equal opportunity to just keep getting rich. However, while some are smart to know that when somethings are too good to be true, it should be considered as such and people should stay away, but no matter what you tell them, they still always end up falling anyway.

[fitzzz]

Many countries is infected with scam dragging the name of digital currency this is why some country wants regulation on crypto to protect their citizen.

[Romeotom]

Already many countries support them bitcoin. Because their are know that about bitcoin.i also believe them bitcoin is a king of mother land only of one in the crypto currency market.their are don't believe bitcoin I just tell his people, don't have knowledge about bitcoin his crazy people.

[lillyann]

Why Bitcoin can not destroy any government. He believes that it is likely that world governments will jointly take organized action to prevent the operation of bitcoins or, more broadly, virtual currencies.

This is completely impossible due to the progressive development of blockchain technology, which will soon manage many services on the entire planet. And if so, you will always need some tokens to make this technology work. They will be smart contracts ubiquitous in the upcoming internet of things etc. etc. no one really knows how it will develop except that development is moving forward quickly and decisively.

And since they will be tokens, they must be available for Fiats, or toilet money. Otherwise, this world computer based in part on eg ETH will not work. So far, however, it continues in the best tokenization of our fallen civilization. And as long as blockchain-based technologies with immanent tokens will operate (even one service for one type of token) they will always be exchangeable for every other cryptocurrency through decentralized exchanges.

So stopping / banning / controlling bitcoin is impossible, unmanageable and only someone really stupid as Jamie Dimon can believe in the power of government.

[Yeahnoh]

There are a lot of scams out there and a lot of people still fall for them due to greed. Remember, if it is too good to be true, then it is. Don't believe people on the internet.

[Irvinn]

In my opinion, everyone already knows that investing in bitcoin has always been and is a rather risky activity. However, many people voluntarily go to deceive themselves from other people. when they agree to a tempting offer to quickly increase their profits. However, one should always remember that free cheese is only in a mousetrap. But fraud of this kind should not be used by the state to restrict the circulation of the crypto currency. Similar frauds have always been with all kinds of money. The Crypto currency should continue to develop, regardless of the fact that some unscrupulous people will use it to deceive other people.

[judemarco1996]

You need to educate yourself sir to avoid of being scam. Study how bitcoin works and its mechanisms. I think taht this is the best way to earn bitcoin than trusting someone else. There is no such things as easy money

[newBIeT]

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.

i strongly agree to this. Different places, different ways to scam, different victims the only thing they're the same is they share the same agenda (using bitcoins name as an oppurtunity to take advantage on peoples' urge to earn in an instant).

[Hypnosis00]

There are scams in bitcoin, and that is something that most people should be aware of because your investment might get scammed  and what you earn from some campaigns might also get scammed. Yes, bitcoin has a good market price but people are sometimes bad enough to fool other people around by scamming their money.

[Aryadwipanggah]

I do not think this is the main reason the government forbids bitcoin, because the bitcoin crime is not the only threat to the government, but all the crimes of any kind are a threat to the government and not a logical reason just because the crime of bitcoin fraud is a scam.

[rosepetals]

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 have read this news mate since i came also from Phillippines,it very annoying hearing this kind of news that is why most people think that bitcoin is a scam and has a bad impact to our society.Probably its not just only happening in our country but in some countries as well.I just think that they made this fraudulent act because some people can be easy to get in terms of investments if they got huge profit on it at first without even researching if it is really legit.Some scammers take advantage on the weakness of investors that is lack of knowledge.In this case we must see to it that the opportunity that we grabbed is legitimate so we must be observant inorder not to regret  in the end.

[Psalms23]

As I have seen the news about that scam, the only reason people are getting scammed is because they have no idea really how cryptoworld works. If only they know about crypto investment on your own and owning wallets, they could have doubts if anybody asks your money to invest for a certain coin.

[mattmct]

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

[letzdodiz]

That's primarily the reason why the government sees the bitcoin as a bad thing. Some people are using it to get advantage on other people that's why they are force to stop that thing.

[JerryJam]

Many gullible people believe beautiful this is and beautiful promises to get rich quick. Not believe! It is impossible to get rich in 3 times a week. Don't trust questionable sites. Many have already fell for the Scam so they already have a bitter experience. And learn from their own mistakes.It is better to have less but guaranteed than from greed to lose everything.