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?
Since bitcoin and also other cryptos gained it's popularity in 2017, it has attracted a lot of new investors to get in and many of them are still lack of knowledge in crypto. The scammers take advantages of this situation by creating fake ICOs etc. Educate yourself by learning anything about crypto investment in order to avoid such scam.