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.htmlI also watched and heard that news. At first, bitcoin in the Philippines has a good opinion and image byt after that news that aired in national television I think people will now doubt and hesitate to engage in bitcoin. The population of bitcoiners will decrease and the investors also. The people now in the Philippines will think bitcoin is a scam.