I just watched a news about Bitcoin scam here in the Philippines a little while ago that aired on the national television. A couple scammed almost 1 Billion Php (19,260,000$) to 50 Filipinos by the use of pyramiding scheme. What will be the impact of this news to the Bitcoin investors in the Philippines? Will it decrease?
I think that it will have a big negative impact in the reputation of bitcoin in Philippines. Since it aired on the national television and almost all Filipinos can see it, some of the future investors will be frightened to invest in bitcoin. And that will decrease the potential bitcoin users worldwide.
http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp.htmlThe situation is very apprehensive and of course there will be an effect on bitcoin, but Filipinos will not be that easy to believe the negative news about bitcoin. because more will be good can be seen through bitcoin in particular the success of people who invest bitcoin. I'm sure investors in the Philippines are not easily affected by the news because they have a lot of good experience with bitcoin.