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?
Before investing in cryptocurrency, be realistic. You should know what type of crypto coins you are going to invest. Do some reserch. And double check if that investment is legit, because many scammers are wandering in the world of crypto. Be responsible because investing in crypto comes with a higher risk.