bitcoin used to lure people for scam in the Philippines

[Jonsnowstark]

Investment scams in the Philippines has levelled up. Bitcoin has been helpingva lot of people earn money and many have heard this already. Everyone wants to be riding the same boat and wants to be instant millionaires. A couple in the Philippines has used this urge to lure them to join a multi-level marketing scam. Read more here http://newsinfo.inquirer.net/981374/news-bitcoin-cryptocurrency-ronald-dela-rosa-cidg-investment-scam

[metenjean]

MLM and ponzi scheme has being going around for decades and its just common sense that people will try to combine something new and unknown to most people to scam people. This is the reason why government trying to control cryptocurrencies by using regulation and tax law while most companies banning the advertisement of cryptocurrencies. Its not that bitcoin is bad but the people who used that phrase to scam people are making crytpo community looks bad and also there are lots of dumb investor who don't do their researched before investing in something.

[dianepot]

With the rapid increase of participants in the process of bitcoin, scam becomes very relevant. Because some wants to become an instant millionare they tend to be very desperate to persuade people to join a multi-level marketing strategy which they promise a high return of investment that turns into a fraud.
Because of this the reputation of crypto currency becomes stained that why people will doubt how helpful bitcoin is. Scammers tend to use the process of crypto currency to achieve their greedy deeds. They're like pollutant of the online world that ruins the reputation of legit propaganda like bitcoin. This is the reason why increasing numbers of users becomes unhealthy to the internet usage.

[kiddddddd]

Investment scams in the Philippines has levelled up. Bitcoin has been helpingva lot of people earn money and many have heard this already. Everyone wants to be riding the same boat and wants to be instant millionaires. A couple in the Philippines has used this urge to lure them to join a multi-level marketing scam. Read more here http://newsinfo.inquirer.net/981374/news-bitcoin-cryptocurrency-ronald-dela-rosa-cidg-investment-scam

Im really against in this investment scam in philippines, i remember my friend come up to me out of nowhere asking how he could earn in bitcoin despite the fact that he used to ignore me before. They thought that Joining BTC could help them became instant millionaire because of this kind of investment scam it feeds filipino people wrong facts on how exactly btc works. That's the biggest misconception of BTC and whole crypto currency in philippines that is why theres so many people in philippines failed in this industry.