Bitcoin: Exposed? - page 4. | Bitcointalksearch.org

Givebirth

full member

Activity: 187

Merit: 100

Quote from: moanamakeway on October 29, 2017, 01:14:41 AM

A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?

Bitcoin is not a type of scam that documentary only base bitcoin as a scam because of a scam sites. Actually that website is totally scam and they uses bitcoin to scam people. Nowadays HYIP site are spreading on the internet many fake companies and scam people uses this method to get bitcoin easily. That's one lesson to the guy who invest on the site which promises him to get 50% profit after 3months a totally scam. They are wrong to accused bitcoin is a type of scam because it is not. They only uses bitcoin to scam people.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Lets say you invest a $1000 into some company which offers to double your money in 5 months. The company collects a huge amount of money from many people and then run away 10 days before the 6th month. Will you call USD a scam ?
Lets say you invest $1000 into some shares and the value of shares go down because the company suffers from a loss. Will you call USD a scam ?
These things happen in real life and it does not mean the currency is fraud. It's the people out there who scams others by one means or other.
You can't call Bitcoin fraud because it's the people who are doing it and if there will not be such people in the world then there won't be any scams going on. Neither in Crypto community nor in the real world.

freebutcaged

hero member

Activity: 588

Merit: 541

So one person invested on some shitcoin and got fucked by his own stupidity makes Bitcoin a scam? I know there are some exchanges doing some

Manipulations by listing a coin and creating fake volume, when you buy that coin you'll never see your Bitcoin again, they will never let you to earn

Any profit. you shouldn't even invest on any ICO if there are no announcements from exchanges about listing them after distribution is over mate.

One idiot from Philippine just exposed Bitcoin.

Quote from: congresowoman on October 29, 2017, 01:29:09 AM

Be wise in investing! Soon bitcoin will shutdown because countries will be banning the use of it. Scammers and hackers will make the name of bitcoin go to waste. It is you scammers who put bitcoin down! Get lost! Let us switch back to ETh instead.

Switch back mate? Bitcoin was here long before Eth.

ScaryMe

full member

Activity: 135

Merit: 100

So sad to know this, I hope this will be feedback with good thing, I hope people will gonna make it in philipines. And also I hope this will not make bitcoin expresion last to the people of the philippines.

geyayy

full member

Activity: 588

Merit: 100

Quote from: SaShiRaJaVu on October 29, 2017, 04:21:31 PM

I did not fully understand what the OP is trying to tell but it looks like someone invested money in some phishing site and he lost his money,there are many scams out there to attract new users who are trying to invest in it and if you are not careful then your entire money is gone in thin air.You cannot blame bitcoin for your foolishness. Tongue

Truth. I don't get it why need to correlate bitcoin with his foolishness. I think the OP is just trying to say that the documentary just wanna state that bitcoin is a scam. Many people in the Philippines, honestly don't know much about the goods that bitcoin can do.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: rjbtc2017 on October 29, 2017, 11:35:19 PM

Quote from: moanamakeway on October 29, 2017, 01:14:41 AM

A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?

FAILON Ngayon is a shit show, let's be honest here my fellow Filipinos. " FAILON NGAYON have exposed Bitcoin as a type of scam." Bitcoin as a type of SCAM, The title says it all, this show is a shit show.
Anyway, going back to the topic. The Investor is certainly too dumb to invest and to use an UN TRUSTED SITE. Before you Invest make sure that you will exert effort to research about this coins because a lot of ICOs are shit coins and just using ICOs to get money and then dump them later.

When I started to read wha creator of this thread wrote one thing fall in my eyes:

Quote from: moanamakeway on October 29, 2017, 01:14:41 AM

..agent guy invested on one of the sh*tcoins here..

How to understand this? Bitcoin is not a scam, as I see some alt-coin is sh*tcoin here. This is a
story with a wrong title, title misleading. Filipino guy with his own alt-coin is spreading lies about
bitcoin and offer people his alt-coin as alternative.
Spreading lies and misleading are my thoughts about this documentary. I did not saw anything
truthful in opening comment here, I will not bother to search more about this.

romecheo

full member

Activity: 476

Merit: 101

Bitcoin was nothing to do with those scammer, Bitcoin was created for the benefits of the people.

if someone are wanted to invest, special to something like crypto currencies, their primary responsibility was to know or to conduct a thorough investigation to the company, where they going to put their money.

Why would someone invest with specific amount of their wealth without knowing the background of business or technology first.

Not all media/news station are spreading the truth, some are just doing it for money.

Nawaytes

sr. member

Activity: 476

Merit: 255

Quote from: moanamakeway on October 29, 2017, 01:14:41 AM

A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?

Too many ponzi schemes stand on behalf of bitcoin, and that person is one of the victims.

If you come to an investment site with a promise to give you a fixed profit every day / month, then go away or you will lose your money.
Usually these sites promise to make a profit in percentages, like 30% per day, or 25% per day depending on your investment.

But anonymous can't always be free from investigation, many criminals have been caught after their bitcoin wallet address is investigated.
Maybe you wanna know about how FBI do some investigated in Blockchain: https://www.coindesk.com/catch-bitcoin-ransomer-inside-fbis-cyber-investigation-process/

reflector

sr. member

Activity: 826

Merit: 263

Quote from: lienfaye on October 29, 2017, 07:35:32 PM

Quote from: moanamakeway on October 29, 2017, 01:14:41 AM

A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?

That particular person chose to earn money in a quick way, if the offer is too good to be true we know that its not legitimate. Its impossible to get back your money to those scammers and thats the consequences of your action. I think this is the philippines first documented story of bitcoin in national tv, the sad part is it was introduced as being used to scam people and it can discourage those who are planning to enter in cryptocurrency. It would be better if they give a glimpse of advantages in using bitcoin to attract people.

If you have a proper knowledge about the bitcoin related investment platform. you will be never get scammed by the people if you do more careful in your investments.
Documentary about bitcoin investment option is not a good choice to spread the bitcoin.

palle11

sr. member

Activity: 2366

Merit: 332

I want to say that Op should be careful when putting money or coins out either on the internet or physically because scamming is everywhere . While you trying to be legit in whatever you are doing, other people strive to take it away by illegal means. It do happen to people when you are gullible. Good luck next time.

Ilegendph

full member

Activity: 434

Merit: 103

Thinking on the higher plane of existence.

Quote from: moanamakeway on October 29, 2017, 01:14:41 AM

A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?

I'll say that before bitcoin there is so much scam in our surroundings, from network marketing, phishing, website hacking etc. And this are cause by people who intently do it, and not by the investment itself. And for that investor who find himself scammed, I worry that many people become like him because of lack of knowledge about how to know if an investment is a scam or not. I hope that the government take action about this and make programs that could help lessen this kind of doing.

Nerman

full member

Activity: 364

Merit: 107

As a filipino who lives in the Philippines and a filipino who is at least somehow educated how bitcoin and crypto currency works. Bitcoin itself is not a scam and we all know that. Scammers use Bitcoin as a form of payment and attraction to use for their scam. This is not only common in the Phillipines but all over the world. I was not able to watch the Failon ngayon since it is a shit show but still this gives a bad repultation to people who have watched the said docmentary. I know people who are not yet convinced with bitcoin and crytprocurrency and with this type of show who does not research enough how bitcoin and crytpo currency work will make more people in the Philippines avoid Bitcoin.

rjbtc2017

sr. member

Activity: 322

Merit: 252

Quote from: moanamakeway on October 29, 2017, 01:14:41 AM

A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?

FAILON Ngayon is a shit show, let's be honest here my fellow Filipinos. " FAILON NGAYON have exposed Bitcoin as a type of scam." Bitcoin as a type of SCAM, The title says it all, this show is a shit show.
Anyway, going back to the topic. The Investor is certainly too dumb to invest and to use an UN TRUSTED SITE. Before you Invest make sure that you will exert effort to research about this coins because a lot of ICOs are shit coins and just using ICOs to get money and then dump them later.

Aryanto28

full member

Activity: 211

Merit: 101

Quote from: tobs on October 29, 2017, 04:38:34 AM

It's like saying us dollar has been exposed because of many scams happening with this currency. The same goes with all the talks about bitcoin being used heavily for illegal activies and should be therefore banned. The biggest crimes so far with all the drugs, mafia and gangs have happened using dollars and no one thinks of it that it's the fault of the currency. Bitcoin offers that kind of anonimity that may be convenient to pay for illegal things, but paper money like dollar bills also would be hard to be traced.

Maybe it's true, But the currency used long ago has also been used for criminal transactions several times but why not blame while the new bitcoin used for several years should not be prohibited basically not all use bitcoin to commit crimes, there are still many that use. . for the right business and not the criminal way. that's my opinion

yugyug

sr. member

Activity: 616

Merit: 256

bitcoin is not a scam, but many scammers,ponzi schemes, fraudelent guy, and con artist are using bitcoin as a form of exchange for their crime. Long before bitcoin was used my criminals,hackers and drug traders but this is not supposed to be. evil guy makes any way to make money no matter what, it is just that the bitcoin was made and they have find a ways on how to exploit it. But the creator of this bitcoin would not encourage us to make illegal activities, just like any other form of payments like dollars or gold it is still used for scamming.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: moanamakeway on October 29, 2017, 01:14:41 AM

A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?

That particular person chose to earn money in a quick way, if the offer is too good to be true we know that its not legitimate. Its impossible to get back your money to those scammers and thats the consequences of your action. I think this is the philippines first documented story of bitcoin in national tv, the sad part is it was introduced as being used to scam people and it can discourage those who are planning to enter in cryptocurrency. It would be better if they give a glimpse of advantages in using bitcoin to attract people.

tj4dmx

member

Activity: 70

Merit: 10

Quote from: moanamakeway on October 29, 2017, 01:14:41 AM

A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?

I think your topic title does not really fit in to your narrative !!
MLM (Multi level Marketing) could be invested on either with fiat currency or cryptocurreny !!
So i think the scenerio is not about bitcoin or "Bitcoin; Exposed"

Just like a typical fiat currency, shady and corrupt government politicians use it to carry out various financial crimes,looting their country reserve and wiring it to switz banks !! Many scenarios out there !!

But as you and I know,just because of Bitcoin groundbreaking success and rising value,so many scams,malware,ill-thought government regulations are now the order of the day !!

Cheers !

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: megynacuna on October 29, 2017, 05:36:17 PM

Quote from: chickenado on October 29, 2017, 05:31:08 PM

Quote from: rayneh on October 29, 2017, 04:38:48 PM

Quote from: moanamakeway on October 29, 2017, 01:14:41 AM

A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?

This is absolutely poo. These bits of gossip are made by those haters who are hostile to against bitcoin on the grounds that they are terminating from bitcoin cost and request of bitcoin subsequently they are making bits of gossip that way. Let me know whether you are having 1 bitcoin. The amount it gives you. It is capricious right? Since bitcoin giving a considerable measure individuals opportunity which is very valid.

I guess you have a point there. Nowadays,people are so narrow minded when it comes to earning money. Otherwise, other companies expose bitcoin for the sake of discrimination. Recently, I received a news about bitcoin on TV and it says, bitcoin is a scam. I felt bad about it because bitcoin didn't harm people but because of our government, they're teaching my fellow countrymen to be ignorant. This is the issue
which the exposure of bitcoin becomes bad to others. If they only knew how promising it is to everybody and in different countries.

Well every giood thing comes with it's own criticisms and that has been the nature of humans from the start and so for them to bash bitcoin is no news to me because they will keep doing that until they are proven wrong. Negative news most of the time are attempts by the powers that be to get people to dump their bitcoins and to me that hasn't worked to their advantage, at least in the long term.

Well i guess the one that told it on that documentary show has less knowledge about of bitcoin. He/she might be looking at the front door and not looking what's inside the house. If he/she has a lot of experience in trading or investing he/she couldn't get scammed so easily. There are a lot of scammers everywhere that's why you need to be a wise person. Do all your homework and research if you don't have any clue about of what is it, not just by believing of what the scammers told you. It's better safe than sorry, so does prevention is better than cure.

foxbat

sr. member

Activity: 484

Merit: 250

Quote from: SaShiRaJaVu on October 29, 2017, 04:21:31 PM

I did not fully understand what the OP is trying to tell but it looks like someone invested money in some phishing site and he lost his money,there are many scams out there to attract new users who are trying to invest in it and if you are not careful then your entire money is gone in thin air.You cannot blame bitcoin for your foolishness. Tongue

You should not say that he is an idiot, we all need to go through the lessons to be able to grow up, this is also a good opportunity for him to have more experience, a post worth learning for him.

btcprospecter

sr. member

Activity: 504

Merit: 251

★777Coin.com★ Fun BTC Casino!

People will try and use bitcoin to scam people as there is no real identity to an address. We hear more and more of scams that involve bitcoin in this way.

Topic: Bitcoin: Exposed? - page 4. (Read 2221 times)