When I first heard that bitcoin will be featured in that show. I am so elated that finally more people will be aware on the idea of bitcoin. But when I heard that this was the reason, I feel so disappointed.
First of all investing in anything is a gamble and investing is not just on bitcoin. We have to be practical in investing, study everything know what you invest and be familiar with the words of scammers. There are alot of those in bitcoin field or not.
I hope that show does not just hear that side/perception, I wish someone research alot more about bitcoin.
Topic: Bitcoin: Exposed? - page 6. (Read 2221 times)
Ted Failon of ABS-CBN just showed how corrupt they are , as we now in the philippines the Liberal Party has an alliance with the ABS-CBN network. They don't want a cashless society , they don't want digital currencies because they are corrupt. Liberal Party is alleged corrupts in the government, they can't take the government's money that's why they disaggree with it and exposed those fake transactions.
Do you think that in a cashless society there will exist opportunities for corruption? No, I think that the reason for their reluctance is different. Duterte a dictator and if the politicians in power it means that they support it. Why would the dictator free people? Bitcoin is freedom. So it will never be legalized under any pretext.
I just heard the news in facebook someone posted it from the group, it is so sad to know because as we all know bitcoin is now making its own name in the philippines but because of this it may cause again a fail of trust by the people in the government which is hardly to get as we all.know right? Bitcoin needs government trust so it cab be legal to it, but what happened because of one platform it causes again to failure of trust l.
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 After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.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?
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?
As I watched the Failon Ngayon, like what they've said Bitcoin as a type of scam. Abs-Cbn was such a fool ever since out of 100% their News broadcast was a fake. Therefore, Though some of the people in the interview was A victim of a scam site. Known as ponzi schemes. Bitcoin is not a scam but it can be use by the scammed people to look for a victim and to run others money.
Ted Failon of ABS-CBN just showed how corrupt they are , as we now in the philippines the Liberal Party has an alliance with the ABS-CBN network. They don't want a cashless society , they don't want digital currencies because they are corrupt. Liberal Party is alleged corrupts in the government, they can't take the government's money that's why they disaggree with it and exposed those fake transactions.
Do you think that in a cashless society there will exist opportunities for corruption? No, I think that the reason for their reluctance is different. Duterte a dictator and if the politicians in power it means that they support it. Why would the dictator free people? Bitcoin is freedom. So it will never be legalized under any pretext. 
Ted Failon of ABS-CBN just showed how corrupt they are , as we now in the philippines the Liberal Party has an alliance with the ABS-CBN network. They don't want a cashless society , they don't want digital currencies because they are corrupt. Liberal Party is alleged corrupts in the government, they can't take the government's money that's why they disaggree with it and exposed those fake transactions.
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?
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?
In my opinion that was a biased opinion given entitling the said business as a scam. Taking side or noting on the negative points or scenario only. Again, anyone who enter a business or industry should be vigilant , responsible and welcome on any possibilities or risk to face. But it doesnt mean that you dont need expertise or research along the way you really need to in which ever business you want to take. I believe it was on the investor side fault if he doesnt or dont verify the transaction he is entering to.
If you look in your email spam folder you will also find plenty of phishing attempts that all deal with FIAT. The issue here isn’t Bitcoin per day but rather dishonest people trying to find creative ways of robbing people of their money. Crooks always exist and you have to be diligent when it comes to these scams regardless what payment methods are used. Painting Bitcoin negatively because of it is just inaccurate.
Fraud exist period. They are living for it. They are earning and rooting for it. Thinking of ways to outsmart people twice fast as you think. One can never deny or eliminate such existence.
Bitcoin has nothing to do with his loss.Its his fault to trust unverified websites and invest in it.Bitcoin is a decentralized currency and no one could control or influence your money invested in bitcoin.It would be better that those people who don't understand bitcoin just stay away from it and stop giving such silly reviews about bitcoin.
Bitcoin acceptance has already gone world wide and it is said that even some of the wall street people don't want to miss the opportunity of earning from bitcoins for just the reason that they work in wall street companies.
So just stop blah blah blah.
Bitcoin acceptance has already gone world wide and it is said that even some of the wall street people don't want to miss the opportunity of earning from bitcoins for just the reason that they work in wall street companies.
So just stop blah blah blah.
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?
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?
You invest in a scammy altcoin and say that Bitcoin has been exposed? That is pretty laughable, if you ask me. Next you might say that the internet (or telephone) is a scam, because the scamsters contacted the victim through a phone call / the internet.
It seems to me that OP is a stupid person who summed up his greed. Scammers always use this human weakness. What's bitcoin? This topic should be called "I'm a loser". But it is possible that this error was intentional. This theme was immediately picked up trolls. Maybe it's the strategy of opponents of bitcoin to discredit him.
You can find people scamming like this even for fiat currencies. And well, for shitcoins you have to be more careful where you are investing because you can end up losing a lot of money in shitcoins scams. They all seem attractive, but then fail to deliver whatever it is entitled to! But this shouldn't decrease or have any negative effect in BTC, because this kind of poor actions happens everywhere!
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?
Its not the fault of the bitcoin itself but the investor. He didn't research about the company he joined and just invested there. Its obvious that its a HYIP scheme 50% in 3 months without doing anything. He didn't think of it and just throw the money away. Its his fault. Be wise in where you put your money next time.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 agree with you, bitcoin is nothing to do with it. Investor should know first the person or company he is dealing with, if it is legal or not. If the investment is too good to be true then think wise and be careful. And scamming is not only happening in digital currency but also in fiat or paper money.
My thought on this? Is that you should change the title in the thread.
What you are "exposing" here, is just an unfortunate, but quite common scam, that is used both in crypto in general, as well as fiat. It's not related to bitcoin in particular. Yes, it was made with bitcoin (actually an ICO, although you said he used BTC to invest in it), but it could have been made with anything else. Bitcoin is not a scam, is not a ponzi, or pyramid scheme.
Regulation is needed, and it will help people to be more confidant when investing in bitcoin, but it will not stop scams. We see people getting scammed in fiat HYIPs everyday. Does that expose fiat? Are people protected by HYIPs? Is it easy to track them? It's not, so scams will continue to exist, and we can't blame bitcoin for it.
What you are "exposing" here, is just an unfortunate, but quite common scam, that is used both in crypto in general, as well as fiat. It's not related to bitcoin in particular. Yes, it was made with bitcoin (actually an ICO, although you said he used BTC to invest in it), but it could have been made with anything else. Bitcoin is not a scam, is not a ponzi, or pyramid scheme.
Regulation is needed, and it will help people to be more confidant when investing in bitcoin, but it will not stop scams. We see people getting scammed in fiat HYIPs everyday. Does that expose fiat? Are people protected by HYIPs? Is it easy to track them? It's not, so scams will continue to exist, and we can't blame bitcoin for it.
First of all that was not bitcoin because as you have said he invested into some type of new token or ICO without knowing what really it is or doing some research about it that's why he got scammed. And second of all the media documenting it, was telling people false information i think they should tell people that investing in some unknown digital currency is quite a risk and also third party sites that lets you earn passive income is nothing but ponzi scheme. If want to invest in crypto currency buy bitcoin directly and hold it.
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?
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?
Didn't understand the whole idea of calling out Bitcoin to be a scam while it was his own mistake that he invested in the wrong project without any prior research about the project itself. In my opinion, Bitcoin has a prototype where the amount of profit you make is directly proportional to the period of time you hold onto it so you could call it a get rich fast' scheme with very less limitations.
I think what it is trying to say that Bitcoin can also be used in scamming which is true. Despite of having a public ledger, the information of the address holder can be anonymized (fully). If you had watched ANC, regarding the interview of the BSP's head (I think) they tackled Bitcoin and they can easily construct the set of law tp be passed in the Congress since they know what should be implemented.
Continuing with this line of thought, it is trying to imply that Bitcoin can be used to commit crimes such as money laundering and etc but the fact still remains that it some ways it helps other people to earn money conveniently and the opportunity it is trying to give us can help their citizens. It just needs a proper law and department to protect its citizens away from harm.
Continuing with this line of thought, it is trying to imply that Bitcoin can be used to commit crimes such as money laundering and etc but the fact still remains that it some ways it helps other people to earn money conveniently and the opportunity it is trying to give us can help their citizens. It just needs a proper law and department to protect its citizens away from harm.
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.
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.
None of this has anything to do with Bitcoin. There are plenty of scammers that have attempted to exploit the hype around Bitcoin to perpetrate their scams, but that is no fault of Bitcoin.
And yes, some hackers/phishers use BTC. And before BTC, they used dollars, flipping stolen credit card numbers and carded gift cards. They still do. And now they use altcoins like Monero, too. So this FUD about association with crime is unfounded, unless we are going to deride all forms of money (including fiat money) for the same reason.
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.
If you look in your email spam folder you will also find plenty of phishing attempts that all deal with FIAT. The issue here isn’t Bitcoin per day but rather dishonest people trying to find creative ways of robbing people of their money. Crooks always exist and you have to be diligent when it comes to these scams regardless what payment methods are used. Painting Bitcoin negatively because of it is just inaccurate.
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?
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?
My own point of view, you just have to be vigilant enough not to be tricked that way. Someone used it to those not legit site and that is the main reason why he considered himself as being scammed. Bitcoin has great purpose if you do it in a good way though. We must not create a hole where in we can have doubts
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