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 people should get to know the things they're about to go into before they do something risky albeit stupid. Cryptocurrency investments are not "get rich quick" schemes. Unlike before. The rules of the game have changed and people investing into it should know that by now.