Topic: Reputation of Bitcoin in the Philippines. - page 3. (Read 770 times)
For those people who don't know what is bitcoin, maybe it has negative impact on them and thinking it is a scam but for those people like me who really knows bitcoin, it has no impact at all. I think we need more promotion here, spreading awareness to Filipinos that bitcoin is great investment that can have positive impact in our economy.
I just watched a news about Bitcoin scam here in the Philippines a little while ago that aired on the national television. A couple scammed almost 1 Billion Php (19,260,000$) to 50 Filipinos by the use of pyramiding scheme. What will be the impact of this news to the Bitcoin investors in the Philippines? Will it decrease?
I think that it will have a big negative impact in the reputation of bitcoin in Philippines. Since it aired on the national television and almost all Filipinos can see it, some of the future investors will be frightened to invest in bitcoin. And that will decrease the potential bitcoin users worldwide.
http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp.html
For those who doesn't know what bitcoin is, there is a huge negative impact they thought bitcoin is purely scam but for those who are bitcoin literate this news has no negative impact cause we know what and how bitcoin should be used. only those who knows nothing about bitcoin arw prone to scam I think that it will have a big negative impact in the reputation of bitcoin in Philippines. Since it aired on the national television and almost all Filipinos can see it, some of the future investors will be frightened to invest in bitcoin. And that will decrease the potential bitcoin users worldwide.
http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp.html
Bitcoin becomes a scam for other Filipinos.They don't have enough knowledge about bitcoin that makes them easily to believed that bitcoin is scam on which is not true.That's a cause of spreading a lot of pyramiding there so let us teach them how bitcoin works.
I just watched a news about Bitcoin scam here in the Philippines a little while ago that aired on the national television. A couple scammed almost 1 Billion Php (19,260,000$) to 50 Filipinos by the use of pyramiding scheme. What will be the impact of this news to the Bitcoin investors in the Philippines? Will it decrease?
I think that it will have a big negative impact in the reputation of bitcoin in Philippines. Since it aired on the national television and almost all Filipinos can see it, some of the future investors will be frightened to invest in bitcoin. And that will decrease the potential bitcoin users worldwide.
http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp.html
I think that it will have a big negative impact in the reputation of bitcoin in Philippines. Since it aired on the national television and almost all Filipinos can see it, some of the future investors will be frightened to invest in bitcoin. And that will decrease the potential bitcoin users worldwide.
http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp.html
Actually a lot of Filipino know that bitcoin is a big Scam they dont know that Scammers only use bitcoin to scam people. A lot of Pyraming scheme encouraging Filipino people to join. Most of them are newbie in the world of crypto currencies.
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This is bad news for bitcoin, I certainly think bitcoin will fall in the country of the Philippines. many people will be consumed the news and certainly many who will not believe anymore with bitcoin. but one country alone will not be enough to shake the bitcoin because bitcoin is worldwide.
This scene will become a bad image for new big investors and it affects new investors to become afraid because they would think bitcoin is scam and the medias are ruining it too because of their term that they called in the news that bitcoin is scam, That's the one reason why other investors are not entering now on Crypto they need to background check it before entering and scammers are suck they're destroying Bitcoin image.
This will have a huge impact on the growth and development of Bitcoin in the Philippines. Bitcoin does not believe in previous people yet. But those who still work in bitcoin believe it as blind and respect them. Because they believe Bitcoin will certainly give them good profits. Philippine Saracar getting benefits from Bitcoin, their country's economy is developing. So they respected Bitcoin.
Some people in the Philippines are less informed with regards to bitcoin. For them, bitcoin is like a pyramiding scheme or investment scam which is really funny. These people need to open their mind and ideas what bitcoin is all about.
On the other hand, you can't really blame some of them why they are scared. Bias News organization always reports negatively on bitcoin particularly with its risks, and most of all, the victims of some scammers which ruins the reputation of bitcoin.
On the other hand, you can't really blame some of them why they are scared. Bias News organization always reports negatively on bitcoin particularly with its risks, and most of all, the victims of some scammers which ruins the reputation of bitcoin.
I just watched a news about Bitcoin scam here in the Philippines a little while ago that aired on the national television. A couple scammed almost 1 Billion Php (19,260,000$) to 50 Filipinos by the use of pyramiding scheme. What will be the impact of this news to the Bitcoin investors in the Philippines? Will it decrease?
I think that it will have a big negative impact in the reputation of bitcoin in Philippines. Since it aired on the national television and almost all Filipinos can see it, some of the future investors will be frightened to invest in bitcoin. And that will decrease the potential bitcoin users worldwide.
http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp.html
I think that it will have a big negative impact in the reputation of bitcoin in Philippines. Since it aired on the national television and almost all Filipinos can see it, some of the future investors will be frightened to invest in bitcoin. And that will decrease the potential bitcoin users worldwide.
http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp.html
I also watched and heard that news. At first, bitcoin in the Philippines has a good opinion and image byt after that news that aired in national television I think people will now doubt and hesitate to engage in bitcoin. The population of bitcoiners will decrease and the investors also. The people now in the Philippines will think bitcoin is a scam.
I just watched a news about Bitcoin scam here in the Philippines a little while ago that aired on the national television. A couple scammed almost 1 Billion Php (19,260,000$) to 50 Filipinos by the use of pyramiding scheme. What will be the impact of this news to the Bitcoin investors in the Philippines? Will it decrease?
I think that it will have a big negative impact in the reputation of bitcoin in Philippines. Since it aired on the national television and almost all Filipinos can see it, some of the future investors will be frightened to invest in bitcoin. And that will decrease the potential bitcoin users worldwide.
http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp.html
I think that it will have a big negative impact in the reputation of bitcoin in Philippines. Since it aired on the national television and almost all Filipinos can see it, some of the future investors will be frightened to invest in bitcoin. And that will decrease the potential bitcoin users worldwide.
http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp.html
I also watched and heard that news. At first, bitcoin in the Philippines has a good opinion and image byt after that news that aired in national television I think people will now doubt and hesitate to engage in bitcoin. The population of bitcoiners will decrease and the investors also. The people now in the Philippines will think bitcoin is a scam.
it seems that in bitcoin countries the Philippines has become ugly in its name because there is a scam, the better the philippines can learn from the mistake of not trading or investing bitcoin with people who are not clear.
The only way to let them understand that bitcoin is not a fraud is to feed them informations about bitcoin. Me also are affected about that news many of my friends and co workers laugh at me because of that news, It takes times to re gain the reputation of bitcoin the philippines. Just spread the true use of bitcoin they will all realize it at the end
Probably, yes, it would create an impact to the investors not only in the Philippines but of course to other countries as well. Somehow, we cannot undermine the power of the minds of the investors; since they too are expecting worst and always expecting for risk-though...Worst if would mean to get nothing, but to have something more than given. It is better. Point: it makes it as the factor not to go easily into scam business (especially when involving bitcoin) and makes decisions to harness better risk and achieve great awards. Truth is; investment is risky - if it involves bitcoin and other cryptos, but given such potential, many people gamble on it...
Well, one thing is for sure, that it will take a long time before cryptocurrencies can take back the trust it once had before the scam happened. People in the Philippines what are still unaware of Bitcoin is now aware due to this scam and that it will remain in their memory what happened and will surely be afraid to try investing in Bitcoin.
To be honest, the phillipine's community is not large, specially if we talk about cryptos, so for me, there is nothing to be worried about.
And this was a specific case, there is nothing special with it.
Yes.There are still few of the population who have known bitcoin well and those for sure were not totally affected by the reported news.Bitcoin is legit and it's never a scam for us.But for those who have heard bitcoin for the first time will make a negative impact on bitcoin thinking it would not bring any good to the economy of the Philippines.And this was a specific case, there is nothing special with it.
Maybe that is because of lack of knowledge. If they do not really understand it then they wont even have a little trust with bitcoin.
I bet the Philippine Government would not even advertise this kind of currency. It will be a mess if they did and taxes that will come in will be low.
Old supporters will still continue and they could be the key into making people understand it, small or large group is a good addition to the community.
Well, thats true. Bitcoin is popular in Philippines especially in crypto ethusiast. But for mlm'ers and networking people they used this technology to attract investors and scam them. Bitcoin is not an mlm but a cryptocurrency. Thanks also to BSP because they clarify the issue and and step up
raids to crackdown those frauds and jailed them.
This news should make people be more careful rather than scare them. Newbies are vulnerable since we haven't learn that much because they're still new to the industry but every experience should be used for the betterment of a person and not just stop their world from running.
because of that scammers news in live telivision more people here in our country scared to invest in bitcoin and they always think that bitcoin is scam they believe in some bad news because they dont have enough knowledge about bitcoin.that scammers use the name of bitcoin to scam people.
Thank you for information, guys!
well maybe newbie on cryptoworld would lose their faith on bitcoin due to this incident but, Filipinos always try to enter and adopt these changing world to earn a bigger income. Maybe the reputation will decrease but as I've said, they will try again, so its tendency is to rise again
Yes mostly newbie in bitcoin are become afraid for investing in bitcoin in the Philippines due to the bad news that appear and also because they don't have enough knowledge about bitcoin that makes them easily to believed that bitcoin is scam on which is not true, that's why we need to teach them correctly so that they can avoid scam and also they are easily to adopt it in their daily life on which can possibly improve it. To be honest, the phillipine's community is not large, specially if we talk about cryptos, so for me, there is nothing to be worried about.
And this was a specific case, there is nothing special with it.
Yes.There are still few of the population who have known bitcoin well and those for sure were not totally affected by the reported news.Bitcoin is legit and it's never a scam for us.But for those who have heard bitcoin for the first time will make a negative impact on bitcoin thinking it would not bring any good to the economy of the Philippines.And this was a specific case, there is nothing special with it.
Maybe that is because of lack of knowledge. If they do not really understand it then they wont even have a little trust with bitcoin.
I bet the Philippine Government would not even advertise this kind of currency. It will be a mess if they did and taxes that will come in will be low.
Old supporters will still continue and they could be the key into making people understand it, small or large group is a good addition to the community.
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