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Author Topic: So a bitcoin scam has been getting a lot of publicity in the Philippines lately  (Read 1094 times)
RealMalatesta
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February 03, 2020, 08:05:11 AM
 #61

They are basically just editing a screenshot of whatever show they are watching and just change the headlines after. With all the available tools that we have right now for photo and video manipulation, it's fairly easy to do such and fool people with these edited pictures. Tons of those advertisements can be found on Filipino forums, Facebook pages, Twitter and whatnot. Whenever I have the time, I try to report all such posts to at least help notify these sites from the scams. Heck, even in Canadian, Thailand and Vietnamese forums would you see the same type of thing! That's why sometimes I'm thinking that it's better to filter cryptocurrency ads on Google or any other large websites that people frequent in order to minimize the number of people being scammed.
Internet has made it possible to spread any news to a greater extend which almost covers most part of the countries. These people who were behind this scam might have some education qualities like digital marketing, graphic designing, etc which made them to convince other people that whatever they are publishing in 100% true. These might be some talented people not using their talent in proper section. They deserve to be under the bars because they would seriously harm a lot of people financially.

Social media, google advertising allows a lot of promotion no matter it leaves positive or negative impact on the community. Social media itself would help these to spread to the major extend.
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February 03, 2020, 04:48:54 PM
 #62

These kind of scams usually cause greater damage to the community who are not vastly enrolled with the cryptocurrencies. I am sure, most of the people who might have found about these websites might have thought to invest in them as some of the greater personalities(probably the fake identities) from their country have been saying the same and moreover such scams get huge fund-raised and usually run away after they get profits which leaves behind a number of population which would never again gain interest in investing into the cryptocurrencies.

I would personally find some time from my routine to report these websites. Also good research about those OP!

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FaithInCrypto
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February 03, 2020, 10:52:08 PM
 #63

I've seen an ad about a certain celebrity in my FB newsfeed recently, I even checked out the website but can't remember the domain. I wondered at first if it was really true but I did not fully read the article and just closed the browser. So it was indeed a scam in the making advertisement, no wonder it doesn't suit my taste  Grin Hope everyone will be aware of this Ponzi scheme.

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February 03, 2020, 11:00:54 PM
 #64

I saw this in his TV Program I'm sad about how he said it, looks like he is allergic to bitcoin. In fact, Bitcoin is just a cryptocurrency being used as a payment method by scammers and bitcoin is not a scam. Bitcoin is just like a dollar, So if a dollar used as a mode of payment by scammers? the dollar is a scam? I wish he has more knowledge about it so he can clarify everything. Of course, it has an impact on those who don't have knowledge about cryptocurrency and blockchain. Ignorance is dangerous.
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February 03, 2020, 11:04:24 PM
 #65

Probably the Bitcoin Revolution is just another Ponzi scheme that uses celebrities to gain more investors. It's very sad that desperate devs use other people just to get the investors they want. The consequence of their action, Filipinos will definitely lose interest in Bitcoin because they thought it's a scam since Boy Abunda stated that he doesn't endorse the cryptocurrency autotrading program.

These people aren't really affiliated with cryptocurrency, they're just using it for their own gain. On the youtube link, I noticed that users are commenting or spamming which is probably a bot that advertises PRIZM which is also weird since the video posted on the official YT of ABSCBN. People should know the difference between Bitcoin and Trading Platform, one of the basics to avoid wrong information.
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February 04, 2020, 11:33:02 AM
 #66

Well I thought bicoin is traceable, obviously these scams can be traced and scammers brought to book.let's face it,a lot of people would use the system for diverse purposes,some like in this case,for painting and shaming the bitcoin community through callous means
There are many ways if you dont want to be trace in bitcoin transaction. Mixer is one of the way trading in every different exchange is also possible to do and deposit and play in gambling website in that case once you widraw your bitcoin it is different from what you deposit.
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February 04, 2020, 11:40:06 AM
 #67

So, remember that tip I sent to Philippines agencies a few days ago? Never heard from them since. I wonder if they had just acknowledged my tip though as these scam sites are still online.

But at least I got the negative reviews through, except for sitejabber which deleted my negative review again.

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Mahanton
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February 04, 2020, 12:03:38 PM
 #68

Probably the Bitcoin Revolution is just another Ponzi scheme that uses celebrities to gain more investors. It's very sad that desperate devs use other people just to get the investors they want. The consequence of their action, Filipinos will definitely lose interest in Bitcoin because they thought it's a scam since Boy Abunda stated that he doesn't endorse the cryptocurrency autotrading program.

These people aren't really affiliated with cryptocurrency, they're just using it for their own gain. On the youtube link, I noticed that users are commenting or spamming which is probably a bot that advertises PRIZM which is also weird since the video posted on the official YT of ABSCBN. People should know the difference between Bitcoin and Trading Platform, one of the basics to avoid wrong information.

It do really sucks when you do saw on TV on to those celebs doesnt really have that basic knowledge.It will surely give out negative impression yet these people are
way too influential which they are really capable on brainwashing peoples mind.For those who doesnt have basic knowledge about crypto and exchangers then for sure
they would really go along to that negativity towards crypto.

This isnt really a new thing about bad media or advertisement.Some things would really have that misinterpretation or misinformation.

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February 04, 2020, 02:05:18 PM
 #69

That is why people should be keen in using social media especially if their interest, crypto currencies, intersect with it. Since the era of modern technology, social media, people are bombarded with fake news. As a crypto enthusiasts, it is our responsibility to assess, analyze and investigate information that we receive before believing it specifically about crypto currencies as we are putting our funds in the system. Celebrities are mostly engaging with endorsements because they are payed just to advertise something even if they do not fully understand or use a particular product. Even if well known people are involve with the releasing of information, we should be doubtful for identity cannot justify the truth.

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