Reputation of Bitcoin in the Philippines. - page 9.

wilburwilbur

member

Activity: 266

Merit: 33

not really . . i heard it on the radio too lol but those djs do not have that much knowledge about bitcoin and they said that most online currencies are scam
but oh well it will not affect much because Filipinos are getting knowledgeable on bitcoin because of the seminars from government and btc experts

hope that someone will create group for BTC news and knowledge

kjnfmplm

jr. member

Activity: 364

Merit: 6

Quote from: Xester on April 11, 2018, 06:23:30 AM

It will play a huge impact on the growth of bitcoin in the Philippines. For those old players of bitcoin they will not believe it and will just laugh at the news since the news is delivered in a way that makes bitcoin like an investment scam itself. But for those who have no idea how bitcoin works they will no longer accept bitcoin anymore since they will think that it is a scam investment before you can explain it to them.

You're right. The current users doesn't have to be alarmed because they know where to buy bitcoins. I am just worried about the potential Bitcoin investors. Since they will not experience to use/earn a huge amount through bitcoin. But, I think that people will pass it as nothing happened since it is most likely that it is the first time that they heard it.

Quote from: reck1ess on April 11, 2018, 06:40:44 AM

Quote from: kjnfmplm on April 11, 2018, 06:19:59 AM

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 see a huge melt down on trust rating on bitcoin here in the Philippines. The media is also biased in spreading the news they highlight the pyramid scheme not the people who have great results on investing in bitcoin.

You're absolutely right. But I think that the main reason is the people who get rich through bitcoin is not popular. Thus, they would be paying no attention to them since it will probably not be popular for the viewers. Media people only thinks about money, the money that they will earn.

reck1ess

member

Activity: 350

Merit: 30

Quote from: kjnfmplm on April 11, 2018, 06:19:59 AM

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 see a huge melt down on trust rating on bitcoin here in the Philippines. The media is also biased in spreading the news they highlight the pyramid scheme not the people who have great results on investing in bitcoin.

imyashir

copper member

Activity: 448

Merit: 110

Quote from: Xester on April 11, 2018, 06:23:30 AM

It will play a huge impact on the growth of bitcoin in the Philippines. For those old players of bitcoin they will not believe it and will just laugh at the news since the news is delivered in a way that makes bitcoin like an investment scam itself. But for those who have no idea how bitcoin works they will no longer accept bitcoin anymore since they will think that it is a scam investment before you can explain it to them.

You know that those stories are just laughing at old players bitcoin. But in this News we can not get rid of people's memory bitcoin is a scam. Due to TV news News Headline is BITCOIN SCAM, Bitcoin Newbie investors are affected especially the Filipinos possibility that they can withdraw their investment in bitcoin even if they are not in the ponzi or pyramiding system.

Xester

hero member

Activity: 994

Merit: 544

It will play a huge impact on the growth of bitcoin in the Philippines. For those old players of bitcoin they will not believe it and will just laugh at the news since the news is delivered in a way that makes bitcoin like an investment scam itself. But for those who have no idea how bitcoin works they will no longer accept bitcoin anymore since they will think that it is a scam investment before you can explain it to them.

kjnfmplm

jr. member

Activity: 364

Merit: 6

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

Topic: Reputation of Bitcoin in the Philippines. - page 9. (Read 749 times)