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.htmlSo many filipino people invest in bitcoin, joining campaigns, mining bitcoin. Even if they're High school student they using bitcoin to have an extra income. I think the negative impact will only affect for the begginers in bitcoin, Many filipino still believe and trust bitcoin besides when you invest on something that you want to gain you should also know how to risk and we know that the trader and investors on bitcoin in Philippines will never affect the issue or scammers for the success of bitcoin in the Philippines.