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?
You must know first about the coins you want to invest, much better if you invest on coins that are in top 10 or maybe up to 20 on Coinmarketcap, most of them are worth especially for long term investment. Especially bitcoin and ethereum still the best coin to invest.
Basically, a person that wants to invest in Bitcoin should understand that Bitcoin does not guarantee an increase in resources. There will be times that its price will fall. With regards to scams, that person must read more to avoid being deceived.