Im from Phil, and only few people here have bitcoin, mostly the openminded one who comes from networking or the online FIl people , and some where saying that bitcoin is scam coz they are scammers here too who uses bitcoin to scam, they'll invest in fiat and the scammers will claim that they'll compound the money online using bitcoin.
The latest scenario here is about a GAMER who earned lot of bitcoins from gambling, and then later on he accepts money from people who wants to earn too, with an almost 120% return in 16days, but then he lost in gambling and still accepts money from new investors, and that's where it all started to go wrong, he hasn't paid people for months then this march 2018 he was arrested for scamming almost 1Billion in peso, and all those who got a change to be interviewed in the media claims it was invested in bitcoin, and the uneducated one spread rumors like fire that bitcoin is a scam,lol.
And people now are afraid to invest in bitcoin here in phil,
I'm sad that people lost a lot in that way.
But being frank, they should have educated themselves about bitcoin, and not rely on someone to make their money grow.
Now the government is giving advisories in Bitcoin investment here, be cautious, and some are understanding it all wrong, I'm saddened by how Filipinos react and just rely on news and media who are always one sided and bias, Lazy to make a research and study bitcoin, Phil is far behind technology already, hopefully Filipino will be competitive to and be updated with everyhing especially technology and innovations.
So what I think of the future of bitcoin here in phil is that it will take time for them to understand bitcoin, bitcoin is here up to the future. Bitcoin is here to stay.
