Hello everyone. This is my second post here and now I want to talk you about "OneCoin".
Please NOTE that, all you will read in this post is only my subjective opinion and I would be happy if you comment bellow the post, I am very interested in to hear your opinions and discuss about that.
Okay, now what is "OneCoin".
This is new type of cryptocurrency which has different strategy from other cryptocurrencys. (You can see details at this link: click me).
You can't find this currency on the markets yet, but as they are saying they are going to launch it in about few months.
That was short description of "OneCoin" and as I've said you are able to see more info in their web-site. Now let me talk about my opinion why this coin is a scam, why this coin will be destroyed soon, why people who invest on this coin will lose their savings and why that people will lose their dreams and motivation.
I think everyone knows or hared about financial pyramids and network marketing. (on the image you can see how different business models are working)
Do you know about Qnet? this is financial pyramid, which will destroy itself very soon. At this image you can see how Qnet is working.
If you have question now about my article "He started with OneCoin and then just jumped to Qnet, what is he doing? and why I lose my time" here is the answer.
"OneCoin" has the similar strategy which you see on the third image and they want to work like QNET.
- They priced their own coin theirself without markets, other coin charts and solidity (maybe this word is incorrect, I wanted to say that their money has nothing. if system will be destroyed you lose everything).
- "OneCoin" price is moving from 10 EUR to 15 EUR. and the package starts from 140 EUR. It is very funny isn't it? who remembers story when someone payed 18,000 BTC for One pizaa few years ago. how Bitcoin started pricing and how this coin starts
- If you want to make money, you MUST invite friends (as shown on picture). and sell packages to them.
Here is all basic reasons which makes strong my opinion. I wish to discuss about this topic, for me it is very interesting.
P.S. I am NOT native English speaker, so you may find mistakes, but NOTE that it is about the OneCoin topic and not my English skills.
I will make second article if this would be interesting for you :)
Also bare in mind; "With its finite number of 120 billion coins,", I've had a quick look around their website and pages and pardon me if I'm wrong but like you said at €10 a coin that would be €12 trillion marketcap.
If what you're saying is true about inviting people and getting them to buy packages that is a scam I'm sure; can't known until it's too late.
Edit; More coins than Doge and less than Bytecoin.
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In a few months their agents "sellers" will start offering virtual coins in real life. But first it will happen in poor countries where people wants to make a lot of money without working (as companies like these are saying)
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