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Topic: Reputation of Bitcoin in the Philippines. - page 8. (Read 769 times)

copper member
Activity: 2940
Merit: 4101
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It will have zero impact as long citizens are educated about Bitcoin and others cryptocurrencies.
Scams using Bitcoin, doesn't make the crypto itself a scam, otherwise the dollar is a scam since it's born.

It's up to you and your fellow to explain this to your patriotes

Quote
It will play a huge impact on the growth of bitcoin in the Philippines

I doubt that

Yes. That's true. But the main source of information for older people is the television or newspaper. Or even maybe radio broadcasts. So, their insights about bitcoin will be as a scam and they might not get into it because of the negative views that the media releases. So I believe that it will have a huge impact.

The senior people group is not the good audience to target. Young people are the most important population because it will be them who will use it the most.
You can compare with a smartphone, tablet, etc you don't see the companies targetting the old people because in some years (maybe just 2-3 years) old people won't be here anymore. Young people are more open to use the new technologies, it's the audience that has the most potential
 to fully use crypto (once it's possible of course)
It's like if you have a book to sell, you wouldn't try to sell it to a blind man.
hero member
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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

that is a big negative impact in the Philippines people that dont now about bitcoin they will think bitcoin is a scam,and also the media always and also the the haters spreading negative information about bitcoin this issue now is  a big affect to the potential investors in the Philippines.
jr. member
Activity: 308
Merit: 5
I am a Filipino and live here in the Philippines.  Yes I saw the news, it was aired in Channel 2, one of the leading network here in the Philippines.  The way they present it,  is negative point for Bitcoin, they said Bitcoin is a scam because they do not know anything about the inside of Bitcoin.   The scam is the people who scam it not the Bitcoin itself.  What I did was I tried to explain to my friends, relatives, and other acquaintance that Bitcoin itself is not a scam or fake but it is the bad people who find ways to scam it.  I do not know if they believed me but I told them to learn Bitcoin for them to understand that Bitcoin  is the cryptocurrency of the internet and it is not a scam.
legendary
Activity: 2058
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This will affect the growing number of Filipino bitcoiner. For sure they will have doubt in investing and others that has less knowledge in crypto will think btc is the scam there which is actually not. They might always think when they heard/read about btc is just a scam and haters will used this against btc and spread btc isn't really safe to invest, etc. here in the Philippines.
hero member
Activity: 742
Merit: 500
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
No, not really trust me our country had faced this kind of problem and until now we can still use it freely.there’s no wrong with bitcoin it’s not the criminal tool it is just like other currencies and it depends on those who use it, on the other hand, People have ultimate control over the money so they can whatever they want even if it’s a bad thing. I believe people are smart enough to think that this is not bitcoin's fault.
newbie
Activity: 90
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Scams have been around for a long time and there will continue to be scams. It will not affect it greatly and people will bounce back from it.
full member
Activity: 228
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It was really bad because the people thought that the bitcoin was scam but the reality of it the persons who use bitcoin are scammer.
Prevent online investment because we give our trust easily to everyone who really doesnt know, Don't let people fool you around always make the things sure.

member
Activity: 462
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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
Yeah i watch the other scam happening in the televesion too. That was the other incident happen involving bitcoin with the scam activities of some group of people who are encouraging to.invest with them using bitcoin. I do not really know if they earn that much in bitcoin and if they do why they are not able to proceed with giving the profits and.have their shares and then give also their invested money so as not to.get bitcoin involved with scam. That was really a negative impact of bitcoin in the philippines as another event of scam happen and this is the said event with the link being posted.
legendary
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What will be the impact of this news to the Bitcoin investors in the Philippines?

the impact on Philippine investors will not be too great. Dude, it's not just a today that people make scams, since many years ago people lie, steal, kill and all people must be careful not to fall in the scam
 
Will it decrease?

It will not diminish because whenever you have a technology, an opportunity, people are always going to exploit this opportunity to scammy, and it is very important that people do research before investing in anything, and it is very important that people are not lazy and not trust other people to do their job, do you want to trade? so make a trade in person, do not give your money to a third party to trade for you. This is a big mistake.

newbie
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it is true that a married couple who committed such a fraud deserve to be punished, because I think this news will worry the Investors in the Philippines. And of course it will affect investor confidence in security system on Bitcoin. I hope this does not affect the price of Bitcoin. And the Filipino people still believe and more and more are investing in Bitcoin.
sr. member
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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 don't think this may not have big impact on the crypto usage of phillipines because getting scammed is happening in everywhere not only in bitcoin but the chances for happening is less with bitcoin but still there are some stupid people got scammed.But it may create a rumors in Phillipines that bitcoin is a scam but people know what is bitcoin in phillipines already.
jr. member
Activity: 364
Merit: 6
It will have zero impact as long citizens are educated about Bitcoin and others cryptocurrencies.
Scams using Bitcoin, doesn't make the crypto itself a scam, otherwise the dollar is a scam since it's born.

It's up to you and your fellow to explain this to your patriotes

Quote
It will play a huge impact on the growth of bitcoin in the Philippines

I doubt that

Yes. That's true. But the main source of information for older people is the television or newspaper. Or even maybe radio broadcasts. So, their insights about bitcoin will be as a scam and they might not get into it because of the negative views that the media releases. So I believe that it will have a huge impact.
newbie
Activity: 104
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This time we have seen a lot of news about bitcoin in Southeast Asia, most of which are good news, although this news is a message about bitcoin swindling, but we should see more and more people in Southeast Asia pay attention to and like bitcoin in Southeast Asia. This is probably the next potential area for the development of encrypted communities.
member
Activity: 313
Merit: 11
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 this negative impact will only affect for beginners or newbie in bitcoin in phillipines because they only just learning about bitcoin but for those trader and investors on bitcoin in phillipines this event will never affect to them because they really know that bitcoin is not pyramiding scheme and i agree with you this is event will slowing down the growth of bitcoin in phillipines.
newbie
Activity: 196
Merit: 0
For those new to crypto or just not knowing crypto currency they will feel afraid. But i think for those who knew all about bitcoin and how it works it is zero effect. They know how bitcoin really works.
jr. member
Activity: 235
Merit: 1
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I think this news can little bit affect  all filipino investors,they might fear or withdraw their investment on bitcoin,but for all of us who understand bitcoin cannot really affect us.
copper member
Activity: 2940
Merit: 4101
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It will have zero impact as long citizens are educated about Bitcoin and others cryptocurrencies.
Scams using Bitcoin, doesn't make the crypto itself a scam, otherwise the dollar is a scam since it's born.

It's up to you and your fellow to explain this to your patriotes

Quote
It will play a huge impact on the growth of bitcoin in the Philippines

I doubt that
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
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?

it has 0 effect.

it is not the first time that some idiot(s) got scammed by some scumbags on the internet. it is always because they are greedy idiots around. and because this is not a new thing, people who matter most already know the situation and know what bitcoin is. they don't care that some idiots got scammed using bitcoin. they know better than be affected by it.
newbie
Activity: 21
Merit: 0
I think it can affect, but filipino can be trusted anyway... Some not but most filipino is Literate when it comes to Cryptocurrency, and can be trusted.. Smiley Smiley Smiley Smiley
newbie
Activity: 65
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In my opinion the reputation of bitcoin in the Philippines will not be affected,it is not the bitcoin cryptocurrency that has fault regarding on this issue it is the scammers,although the investors will decrease for doubting in investing at bitcoin but it will not take for a very long time.besides when you invest on something that you want to gain you should also know how to risk,and surely for bitcoin the success will always follow by simply learning how to become patient.
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