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.htmlWhats makes it very wrong is they invested on a person and not in a legit company or a legit sites where we can buy bitcoins.Knowlegeable person has the ability to ignore this kind of situation because we know how bitcoin really works.Its necessary to know where the invested money will be going because ponzi schemes can be detected if investors truly analyzing what they've been into.Scammers nowadays become widely spreaded because of greed of money.That is why people should know the risk involved if we want to be a part of this cryptocurrency community.