Warning BITCOIN Scam... Be Cautious!

[Tashi]

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 why there are certain government that disapproves the idea of people investing or using Bitcoin as mode of payment. Other people would believe that all digital money are an example of pyramid scheme. It’s really recommended that people should educate themselves first onto what they’ll be investing, to avoid scams, fraud etc.

[andika2018]

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 think that philipines couples want to use bitcoin to manipulating people that dont understand about bitcoin. I think its nothing to do with bitcoin because they create their own scheme and selling it to people that dont understand about cryptocurrency and cryptomarket.
Its happen not only in philipines but happen in my country too.

[Dante4142539]

This is the most problem now when it comes to bitcoin, we can say there are people are not aware about btc and other people (scam) are taking advantage to those people who didn't know about btc. If you want to invest maybe you should do some research.

[muddy waters]

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.

I'm still amazed how vulberable people are to financial pyramids.
In the 21st century - the age of Intenet and so much free and easily accesible information - they still believe that money can "grow up on trees".
Bitcoin is definetely not as easy to earn as these poor investors were promised..

[West0813]

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 kind of wrong doing made bitcoin to have a bad image in the eyes of others. For other people don't trust others easily. And lets take care always because there are so scammers everywhere. Like those people who scam in the Philippines.

[Remainder]

That is why bitcoin reputation is bad now especially to non techie persons or new to digital currencies because of thus scammers that using bitcoin to scam other people, they must be aware that bitcoin is not a scam.

[DrGuns4Hands]

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 news was last month if I'm not mistaken I just read it on social media site, but I know that it is not only in the Philippines have this scene I think in any country it will never prevent because of the lack of knowledge that is needed, that's why don't ever go with an investment that you don't have a strong background.

[boty]

it seems that some countries still do not know what bitcoin is so they can not distinguish where to find the right profit, if there is bad news that says bitcoin scam and make the price down it should use the opportunity to make a profit.

[shalaza]

People using bitcoin to scam others are only giving the governments an avenue to make excuses for being against bitcoin. The govenments won't want the bitcoin to topple other currencies. The truth is,no matter how hard we sanitize the bitcoin world of scam,there would still be report of scams. Scam is not limited to only bitcoin,people scam with USD,Euro and so on but the scams perpetrated using these currencies cannot be totally abolished, they just pick on bitcoin because it is convenient to do so. But i hope that one day they will see the light

[Tungsten-1]

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.

Right I don’t know why people say bitcoin is scam while bitcoin is not scamming but bitcoin is the future making currency but some rude people use to say bitcoin is scamming bitcoin is only a beneficial currency that some people are lazy can’t work to get it then the scam and hack bitcoins but I think if we will become careful about our bitcoin so no one will be able to take our bitcoin away. Don’t let the scam with you and keep one thing in your mind that bitcoin is not scam but people scam only to get fast and illegal earning; we can’t balm bitcoin for it.

[TheKeyLongThumbI]

Bitcoin is not a scam. If you really know what you are reading, it was used by scammers who created the pyramiding who took advantage of the bitcoin hype. Any investment, whatever currency  is used in it, is verified a scam when it offers unrealistic return of investment.

[nilavoro]

This is very common is all developing countries like India. It has happened in forms of different other online earning opportunities as well.

[p4npos]

Yes the news has been released that the money laundering and scamming are reported on the BTC market. You need to stay away from these kind of people who are trying to left a negative impact on the market. NSA is working on these issues right now.

[coinwizard_]

Scams happen in every form and not just bitcoin. People get conned for their money and their belongings. It happens with bitcoin because people don't understand how it works, especially the politicians. This will change as blockchain because more widespread and they have to learn about it

[RodeoX]

The only way to lose money in bitcoin is to participate in the scam. Don't trust anyone. The scamers job is to get you to screw up and help them. Without your help they can't do it.


DON'T: Buy alt-coins


DON'T: Download any bitcoin software unless it is OPEN-SOURCE and well reviewed.


DON'T: Move your discussion to telegram or WhatsApp or anything else. You can safely trade in the open with bitcoin. A scamer wants you to get away from others who will point out the scam. 


DON'T: Use an unlicensed exchange or think there is some special deal you will get from someone.

[Skieleton]

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.

Who said it is easy? It always requires patience and market observation. Investing money on the stock market works the same. You need to get to know the market.

[chacha66]

This kind of behavior happens in all industry's all over the world. When people are making huge money on anything this is the result. Just look at antiques - when ever any part of history comes into vogue they get copied no end. Just be vigilant and spread the word.

[copoyes]

which I know the safe way let me not be cheated bitcoin yah mining and tradding
the rest is well between scam and not 50:50 as web invest almost most scam

[digroske]

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.

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.

[Jetakenare]

I learnt a lot in the last two years. Firstly, anything that looks and smells like a scam,is a scam. No matter the concept,the technical analysis etc. I lost a lot to bitcoin scam to the tune of 50k USD. A really hard lesson to learn but I am better for it.