Warning BITCOIN Scam... Be Cautious!

[Samj16]

Maybe people should be more careful when it comes dealing with people because sometimes we dont know if they have any agenda with us. We should also be knowledgable enough before getting into something.

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[freshm4ker]

Many people do not have good knowledge and they become victims of fraud so people blame bitcoin because they are victims of the misguidance of their people. Bitcoin is not a scam because it can help everyone and currency is very useful and there are many people who have proven that they can produce bitcoin.

[cordlesslake]

This vision of the btc is not convincing. Humanity has designed millions of scams and frauds of all kinds using fiat currency. The scammers certainly did not need the btc to scam. Blaming the btc is an injury.

[SivaSankarSMS]

my opinion,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.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.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.

[jennygamilo]

Not all the time we can say that bitcoin is a scam maybe there are some people who use bitcoin for scam , but for me it is better to now how to define the fake or scam bitcoin compared with the true and legit bitcoin.

[enthusia]

It is really a threat for everyone. People tend to earn money without spending their own. I feel sad and sorry for those people who got scammed as money involved was really many to count.Government are warning everyone about this activity of people who's using the name of bitcoin for bad doings. Its an essential for us to be wise and careful at all times.

[TheBraveDesolator]

It is because some politicians aren't really inclined into technology. I am from the Philippines and most Filipinos including those incumbent officials doesn't know what Cryptocurrencies and Blockchain technology can do. Even if you educate them, they will insist their own beliefs. Sad.

You can't control those scammers. In every investment vehicles, there are scammers lurking, sets a bait and wait for someone to bite it.

[Donotfoolme]

scammers always looking for another way . so for us ?
we just realy need to be careful .

[DAVETUN]

Scam associated with Bitcoin is factor militating against it growth,in many country, I got to know about BTC through a scam ponzi scheme,every investor need to be careful and source for the rigth knowledge.

[peter0425]

Scam associated with Bitcoin is factor militating against it growth,in many country, I got to know about BTC through a scam ponzi scheme,every investor need to be careful and source for the rigth knowledge.

But the problem is that investors don't do their homework and will just listen to scammers right now. Maybe scammers are cleverly targeting their victims, those people who don't ask questions but has a lot of money. And then the word of mouth, spreads like wildfire and next thing you know a lot of Filipinos are already duped and its too late because the promise returns didn't materializes and the scammers living a lavish lifestyle. Good thing that they are caught. So let this be a expensive lesson not just for Filipinos but for the crypto global community to really think a hundred times before putting your money to someone or even to a institution with a promise of big gains.

[kalstarzz]

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.

what just for that reason do you consider bitcoin scam ..?
it is only the actions of an irresponsible person who wants money quickly, and it can not be made proof that bitcoin is a scam.

[gurunanakji777]

I don't understand why people fall in pyramid schemes just because of high return in short time even they should also calculate the risk of loosing money. This article is about a phillipine couple that trap many peoples in pyramid schemes and we all knows how pyramid schemes end. It all depends on incoming of money when it stops project fails. We can not blame bitcoin for this scam. People should be more aware of bitcoin use rather investing in pyramid or hyip scheme its always better to hold the bitcoin in your wallet. We should understand one thing money can not be earn easily.  We should be more aware to avoid such scam. I agree we should know the pros and cons of investment in crypto currencies.

[xvids]

If you have been in crypto for so long this scam wouldn’t be new to you,
Before I even know this forum I was an investors to some HYIP sites even when I know that it would just end up to be a scam,
To be honest almost every investment in crypto world is a scam or a pyramid scheme.

[Dingdongjl]

No..., Using the name of BTC for scam is already happening in many parts of the world its just a matter of knowledge, if you have good knowledge about crypto world or you are a member of this forum you will be armed on any other scam.

Some of the countries banned crypto currency because it has a lot of good thing's and can affect many other business on a country.

[evfrosini]

Many such incidents are already happening in different countries. It is the responsibility of investors to check how genuine are those projects before spending any money.

[gesdan]

I think pyramid scheme like MLM is booming around 2015 or 2015 as we know that who in the top of a pyramid is very happy because they can get big profit because of their "child" in the pyramid is find their child, the worst thing is when you be in the lower of the pyramid, because you will never get nothing and will lost some money because of it

[Welhell]

I am not agree with you, so if bitcoin is scam, that's mean is all cryptocurrencies are scam. Bitcoin has now proven itself and after so many years the price has risen so much and there is no longer any possibility of scam.

[Thira]

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..

Bitcoin is made because there is a good purpose on that, many people change their life because of bitcoin, its a good start for a good life for a good living, but sad to say some will be very abusive and they only want to earn in illegal ways without sacrifice and hardwork to earn and we called them scammer, they make bitcoin bad, to the government.

[White Christmas]

Hi,

Of course, there are scams... But not because of bitcoin.

People are just using the hype, as you say. But scams and Ponzi shemes have existed for quite a long time now... There will always be people trying to earn money easily, so of course such frauds get developped. This isn't soemthing very specific to bitcoin..

I agree, scammers are everywhere eventhough bitcoin was not existing. And yes there are also scammers here, as long as there are people who want to get money easily then scam will always be there. The best thing you can do was be careful and always make sure where you are putting your money so wont be scam by scammers.

[Dean_Jue]

Don't just keep posting any random BS to create a scam. The government might think like that because they like to control everything in this market. This isn't true for others. People see value in bitcoin and hence they are investing here.