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?
I think all the affected people because of the said investment scam are actually not really aware what is bitcoin their priority is their investment become double or triple of profit they don't know what is the trend of bitcoin that's why they are the one who the victim of current investment override by bitcoin. But if they analyzed and learned more about the history of bitcoin they don't experienced being a victim of the said scam, Because is legit it depends upon the people how they handle it.