Quote from: Larva14 on June 04, 2018, 06:13:23 PM

Quote from: LigwagGanern on May 31, 2018, 02:21:07 PM

Quote from: kimjoo11 on May 31, 2018, 12:35:13 PM

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?

If you want to invest in crypto you need to know, what is crypto and what type of crypto will you invest. There is so many crypto in the world and there is legit and scam digital currency. If you choose now what crypto you will invest, be sure that it is legit and many people know about that. So that if you have a question about your crypto, you can ask someone who know about that. Therefore you will be updated what happen to your crypto.

If you really want to invest in crypto you must have background about it so that you can avoid losing money. On the other hand, just collect more information about that crypto before you invest. Lastly, just be patient if you want to invest in crypto because being patient will help you to have huge income.

Indeed! You have to know what you are dealing with, being informed about the potential of cryptocurrency and not putting all assets in one class as it does not help protect capital from the volatile market or if one market is generating negative results. Think of long-term investment, short-term may not give your investments time to potentially grow. Investing is never easy, it's important to stay alert and avoid common investing mistakes, inorder to increase the potential for long-term investment growth.