Warning BITCOIN Scam... Be Cautious!

[kirkarsedat]

education about cryptocurrency should be extended to the general public. If only they know about crypto investment on your own

[Eureka_07]

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 also saw that in the news. I hate those people who taint the good repuation of bitcoin. They are using bitcoin for their own greedy needs. And as a result many of the citizens who invest became a victim of this scam. This is the reason why most of the people are afraid of taking risks with investing money because of this news and other articles. Because of what they have done they are creating a bad image of bitcoin which is wrong! Bitcoin is the best cryptocurrency and I will definitely spread good news about it even if people who are a victim of scam does not be convinced or buy what I said.

[samputin]

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.

This is alarming. Seems like people are being ignorant about what could possibly go wrong if they would just dive right into someone's good talks. When money is involved, whether small or large amount, people should not put their 100% trust that easy. This issue makes other people wanting to invest to be frightened that they might experience the exact same thing. This should be an eye-opener to everyone that enough knowledge will help in determining if something is legitimate or just a scam. Besides, there are guides provided by websites inclined in cryptocurrency which will help people avoid scam. Let us keep on learning everyone and be careful.

[lmodric]

I am more of a response that is a normal criminal.
it's just a person who uses the virtual currency as a crime tool.
if anyone wants to cheat he does not have to use Bitcoin.
he can use anything even if it's just a pizza.

[camito]

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 want to blame the victims on what happened to them. They want to earn money in a fast and easy way and they think that it can happen if they believe in and start investing in bitcoin which happens to be a scam headed by these couple. The victims didn't make their research about this investment which they will engage into. They didn't search/study on how is it possible to earn big amount of money in just two weeks which happens to be with the use of bitcoin. I know all of the victims blame these couple, and maybe some of you too, but isn't it our responsibility to know about something we want to engage into, especially, if it involves money? This is the reason why we should make our own research and study first before believing in and engaging to something we do not really know yet.

[eaLiTy]

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.

People who conduct fraud must be put to jail, it is as simple as that and for that bitcoin must not be blamed as if it looks like there is no scam with fiat currency, in hindsight scammers will find new ways to scam people, so if someone convinces you to double your money in a short period, just make sure there is no way it is possible.

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.

If you are intelligent, have an university education and have a clear focus on what you want to do with your life, you will eventually make a lot of money.

[nankers]

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.

this chase is not only in philipines. so many crime use bitcoin as payment. as a bitcoin user, im not thinking negative about this. cause bitcoin like a money, many people are using money for crime and many criminals use bitcoins as well

[fianaindriati]

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.

already know with that then we need to be more careful with fraud. because many ways are done to cheat

[Jon lang]

I admit the it is annoying to hear news about people using bitcoin as a means of a scam. However, it is the investors fault, too. If they only have enough knowledge on what they are putting their money to, then they will now fall victim to these fraud companies and personnel. Even, them, them, themselves, can invest on bitcoin instead of using a middle man and a third party to have their money invested. Moreover, the media sometimes makes the news a little bit exaggerated. They also write news without proper research because they tend to use headlines such as "Bitcoin Scam" These faulty headlines spreads FUD's making bitcoin a scam, itself.

[tylerderden]

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 also heard this story on bitcoin.com and I was shocked to see that there were such large amount of people fallen in their trap and they had made a fortune from scamming in bitcoins, it was said that they made more than 1 billion in the local currency by scamming. It's hard to believe that people fall in such traps and that's the main reason that governments are banning bitcoin around the world as the people use bitcoin as a means to scam people and media also make false impression if bitcoin as a bad thing that is used in illicit activities, so now people are running away from bitcoin in order to save themselves from these kind of scams.

[Mamoot]

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.

this can be a lesson for everyone, never percya or do something that has not been understood or understood before. and think before you act before doing something. By doing research or choosing the right type of investment, then in the future you can have a chance to get more satisfactory results from your investment.

[hahay]

There is no good reason to participate in the hype, it is the carelessness of investors investing in hype. Beginner investors should be given the right guidance so as not to be easy to trust the scam program. Being careful is the most important point to invest and always do further research on the projects you want to invest, so that such incidents do not happen again.

[Whosdaddy]

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..

This is something we cannot just have to not expect most especially since we already have an environment that is eye catching for scammers and can make it easy for them to scam the naïve ones. I only blame those who fall for this and it apparently has nothing to do with cryptocurrency.

Looking at the way things have been even outside cryptocurrency, scammers have always existed with a lot of people looking for quick and easy ways to make money, and if that mentality is not curbed, it will keep on. Still, it is our basic responsibility to stay secured among them as it has no differences from real life scenarios.

[hotimbineh]

I think the problem of scammers is not happening in bitcoin in all the work activities that can make money certainly do not escape the perpetrators of the scam so it is not the reason the government to refuse bitcoin if it is because of cheating or scam someone who becomes the reason then the government can create a security system for the perpetrator  cryptocurency like any other job / business then this is no longer an excuse

[Gaff]

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..

This is something we cannot just have to not expect most especially since we already have an environment that is eye catching for scammers and can make it easy for them to scam the naïve ones. I only blame those who fall for this and it apparently has nothing to do with cryptocurrency.

Looking at the way things have been even outside cryptocurrency, scammers have always existed with a lot of people looking for quick and easy ways to make money, and if that mentality is not curbed, it will keep on. Still, it is our basic responsibility to stay secured among them as it has no differences from real life scenarios.

Scams are becoming very unrestrained nowadays and all of us are vulnerable of its presence. This has become the reason why bitcoin's price drops because of people not being responsible and throwing negative feedback against bitcoin. Be careful and liable in sharing personal and any kind of information, don't be fooled by suspicious activities, and let security be our topmost priority.

[eduvacation.net]

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.

pyramid schemes not only occur in bitcoins but fiat currency can be used by irresponsible people by using the pyramid scheme. We should not be able to see and rate the bitcoin of one such news because of the fraudulent news occurring in Filipina where described in the article we can not say that bitcoin will experience a scam.

[Coleth]

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 should not result to bad thing if and only if the media stated the real issue properly. I just found Media to be bias, generalizing Bitcoin as scam where in fact it is what they enter as investment using bitcoin is a scam. not Bitcoin itself. and that makes Bitcoin bad image in the country.

[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.

It depends on how people use it. We can use it to trade, send payment, exchange for real money and many people use it to make ponzi/ scam website to steal other people's money.

[bitcoinmaniac52]

There are scams everywhere even without bitcoin, there are so many pyramid and ponzi schemes that are being carried out using fiat but no one is talking about banning fiat. Governments know that bitcoin will make fiat go extinct that is why they are so against it. That being said, always remember, if something seems too good to be true then it is. Stay safe.

[Kaniel-ouots]

even paypal has been used on pyramid scam why bitcoin ? why when people get scammed with paypal they dont blame paypal but when it happen with btc they blame btc we are in war