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.htmlBitcoin has nothing to do with the issue,because this is currency and what made the scam is the people who uses this..
For me this is what happen if people are too greedy looking for easy money,thats why they become victim of this bad people that waited only for those same attitude.i believe that bitcoin will remain target of people from the Philippines no matter what this issue may bring