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?
That is true. If you do not know what you are investing, you will probably end up losing. Every investment has risks. Especially in cryptocurrency which is very volatile, if you do not choose the right crypto to invest in, you will lose your money. So before you invest have some background check on that crypto.