A news from ABS-CBN, a Filipino Media and Entertainment Group.
MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.
Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.
What are your opinions?
Ofcourse you would not risk your money to something (companies or any investment thingy) that you did not observe and study first right? Before investing in cryptocurrency you must know the important details of the company you are investing to. But sometimes we cannot really prevent scams especially when the company that you are up to experience bankrupt. All you need to do is to prepare yourself with the risks you might face.