Bitcoin Forum

So a buddy of mine has invested over $3500 in one coin.

I told him bitcoin could go as high as 9 million per coin in 10 years and to invest in BTC...

He thinks that the spike is over. So he hasn't much at all invested in bitcoin.

You tell me, are trend-lines a fair indicator of future prices?
Ignoring all spikes, bitcoin trends up: https://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= (https://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=)

I knew from the start onecoin was a ponzi because it wasn't listed on a single exchange,
even after somehow acquiring "2 million members."
Bitcoin to this day does not have ANY "members" = decentralized. Members = the opposite.
And it turns out I was right, bitcoin.com exposes the ponzi with hordes of evidence:
https://news.bitcoin.com/beware-definitive-onecoin-ponzi/ (https://news.bitcoin.com/beware-definitive-onecoin-ponzi/)

How do I break it to this fella? I guess I can't really :(
He along with many others is drinking the kool-aid until the ship sinks.

Forgive me for being honest, those who still disagree with me.
Please comment your thoughts, if any. Cheers to all my fellow Bitcoiners! VIVA LA REVOLUTION!

~ King Tyler VVS

It's his money,you have done enough it's up to him if he loses onecoin cannot sustain because it is a ponzi scheme and thrives from recruiting new members,he will find that out when he is not earning anymore,I think you're friend  do not the difference between a ponzi scheme and a crypto currency..

Anyone before invest should research about the project, website or crypto coin, there are several ponzis made just to collect our bitcoin and this keeps being made all weeks, always stand with the oldest coins as doge, litecoin eth now and just some few more. Always follow the market the top trades of each altcoin is the best place to recover or make money.

Onecoin is a HUGE scheme. They are just taking the money and leaving the customers with nothing. I know friends who actually worked there. You don't even know what you are going to be working for at first. Then, you will find out finally - and it'll be too late, because you have already been part of it. So if you want to 'hurt' them in any possible way, you are actually doing it to yourself. STAY AWAY FROM IT!!!!!!! And from ANY 'get rich fast' schemes. Look up for Caritas, it was a Romanian ponzi scheme. When I lived in Austria, almost all the Romanian guys I knew killed themselves. They sold ALL they had, just EVERYTHING to get money to invest in this scheme. They were scammed, so they had $0 left. And they killed themselves........

Just stay away, guys. Don't do it..

I was seeing this onecoin promoted a lot through facebook people. I see some people from Pakistani making a lot of posts about it, also people who use traffic exchanges. I knew it was a scam as I was not seeing a lot of support or good talk for it from here. I am glad people are starting to release the scams and not help them go any further.

They say experience is the best teacher, if you wants to learn from his mistakes then let it hit him hard so that he can think straight; then again the saying goes " A dog returns to its own vomit" If you dont guide him and he still keeps making the same mistake just take all measures to stop him, even if it means blocking him from his own computer.

I search for one coin  after some people inviting me to join in one coin but I don't want to join because I see many negative feedback in this coin and we don't even know what is the real value of this coin right now.so if your friend earn profit with onecoin just let her what they want to do just always remind him that don't put all her money in that.

The words INVESTING and ONECOIN do not go together. The only word that goes together with onecoin is SCAM!

I only hope this whole story will not be used against BTC. But no need to worry, shit is used as a fertilizer

Just wait till burble burst but try and start preparing his mind for the worst in other to limit the effect. The onus is on every individual to do his own due diligence before investing his hard earned money into any scheme I learned the hard way because I was too impatient or too ambitious to make money which I won't fall for again. Experience is the best teacher they say. And one need to be wary of this get rich quick schemes with the minimum risk, its even worse than gambling... My 2 cents...

I find onecoin and leocoin quite similar as leocoin is also spending so much in their promotion and works on MLM fassion, i laugh so much to one of my friend who forces me to invest in leocoin as he thinks leocoin is revolution and is better than bitcoin. But when i asked him about how to mine them he was like does cryptocoins can be mined or earned mining?? :o

Haha i laugh so much again, this all are shitcoin which works in MLM fashion and lure many early newbies to invest in promosing that they will have bitcoin like growth in near future, but all this are lies.

It is sad how much scamming goes on not just in crypto but the world in general.

I'm sorry your friend lost his money but on the other hand I must say that I pretty much agree with the top comment after the article: "Gotta say, my sympathy for anyone who loses money in OneCoin is zero. There are more than enough red flags & warnings."

Unfortunately people tend to ignore all the red flags when they are blinded by their greed.

The world is changing a lot, it started to change years ago. I don't know what makes people change so much, everybody looks like going crazy. My grandparents always told me when I was a little kid that we're going to be living in a bad world, and the worst times. I don't know how they knew it, but it's hapening and it's kind of scary.

Now once you have invested it is difficult to get back on ponzi schemes , need to be very care full beofre investing on such sites , It always important to do some research on the website before investing.

I have heard a lot of bad reviews about ONECOIN and many were trying to spam my wife on Facebook to join because invests in things but she didn't give in to their relentless spamming. I think there is something fishy with this company also.

What do you expected on "Investment" site ?, it's ridiculous
That's the risk , for anyone who don't believe about others review , and ignore it.

There is nothing you can do about it!

I have a friend that is going mad with byxpress coin named mcoin


i told him is a scam and it doesn't have anything to do with crypto .... even went to a presentation and told urkel or what his name is (the creator of mcoin, btc community knows him) that i think it's a scam coin and why don't we have access to blockexplorer and other things and why we can't mine the coin with pc and we have to buy hardware from them .... and they trowed me out from the conference ...


onecoin, mcoin, swisscoin all are coins that have nothing to do with crypto .... they are using BTC to advertise themselves and try to convince people that they are the next BTC .... I really don't understand why people invest in shit like that so much money ......
They are some sort of MLM/PONZI. But it seems people are really stupid.

Experience is the best teacher, your friend will learn from this experience and make better choices next time.

you are such a good friend you are thinking of a possible loss of your friend but like what they've said you are done on your part you already aware him so what ever happen to his investment it is all his risk now, thank you also for bringing this topic here so even you ain't stop your friend you shared a helpful guide and info from that scam project so many will be warned. good luck buddy.

I knew from the start that onecoin is a scam since it doesn't exist on exchanges and on list of altcoins. That onecoin spams thru my timeline and someone invited me, at first sight I knew it's a scam coin too much value on such coin that doesn't exist. For OP., you already do your part, don't get worried if she/he experience loss, let it charge to experience.

I don`t trust even the more popular altcoins.

Some people say that altcoins have more advantages than btc,but i still don`t believe this.

Every new crypto currency is a potential scam.Bitcoin is proven to be legit.

your friend earn a lesson that worth to him 3500$.
4.5 btc so far, but probably the next time he will stay pretty away from others scam!

yeah i already knew it when it was released but at that time i was going to invest some of my money but i read about it in some website as its a total scam and after that i was total aware and now i am feeling really safe and happy :)

Your friend is just one of the thousand people who were scammed by an alt coin project. I, myself, was scammed by the GBT Project (https://bitcointalk.org/index.php?topic=1410287.0). It's an alt coin that looked really promising and they even had a signature campaign in this forum. The coin had a really good potential and once the site gets the new interface, the income will come to the investors. Sadly, though, the GBT team just vanished together with the 200 BTC that were collected from the investors of the coin. All we could do is move on. We were basically scammed, after all.

Investing in a new alt and expect it to be better than Bitcoin? This is what you get instead. I learned this myself after couple of potentially amazing altcoin project I was very interested in failed miserably.
Never trust an altcoin until it is proven to be reliable asset. There is only one coin you can be sure that it will bring you profit while holding it - it is bitcoin.

onecoin is not simply an altcoin but a MLM ponzi scheme masked by a coin.
some time they sell "advertising", potential revenue, this time a fake altcoin (premined and with a ponzi scheme behind revaulation or taking new users)

Yes it is true that one coin could possibly be a ponzi scheme. A certain country have warned its citizens that onecoin could be a scam. They may not declare it if they haven't enough proofs or solid evidence to back up their claims. Aside from that many negative feedbacks are hitting onecoin due to that issue. Being said, it is no longer wise to invest on onecoin and getting your money out is the best thing to do.

Wow, 2 millions of members and scamming all of 2 million members. :o i'm very surprised about that, but i've heard just a little things about one coin. and this is it.
https://cointelegraph.com/news/one-coin-much-scam-onecoin-exposed-as-global-mlm-ponzi-scheme
but for friend maybe losing $3500 it's a big amount for them, i sure they sacrifice the goods that he has. just let him and starting to teach them the world is will not over because losing their amount. they can starting again to gained their lost amount.

You can not call Onecoin an altcoin because there is no evidence that the blockchain already exists. There is currently only a centralized site where you can buy educational material. By buying such material you earn the right to request a particular amount of Onecoins when the blockchain was set up some time in the future.

If people choose to be monumentally stupid in the face of painfully obvious evidence then there's no helping them. State the facts. Walk away. Let them eat their hard lesson.

well if you let him to put his coin there you would have a fault for that but if not it is only his responsibility , it is commonly advisable that look for a reviews or research about any projects or any investment before putting your coins , now it's gone so you have nothing to do about it but to let it go .

Onecoin has business like a ponzi scam so if someone study their business than it can find the reality of this, last year so many people send me link to join this but I avoid their proposal about because there is no life with scam business model, it has been designed to steal money from people.

sometimes experiences cost that much but keep in mind only donkey could fall in the same hole twice,there's no need to keep this stupidity up after losing $3500

He needs to do his research. Never invest in anything that you haven't researched. Bitcoin is trusted and prove, while Onecoin is not. Onecoin has many red flags, while Bitcoin is trusted and used by many people. If your friend is to stupid to realize this, natural selection will take care of him.

Onecoin is just a ponzi scheme and it's already scam, people have been warned since long time ago about this scam, but unluckily we still seeing some get scammed with this pyramid BS

OP, you are a good friend to be concerned. But you've pretty much done all that you can do. "You are not your brother's keeper." It's his money, his responsibility and if he loses it, his lesson to learn.

The Onecoin Ponzi Scam is presently under Federal Investigations in nearly a dozen countries on 3 continents!

For the most recent and comprehensive INVESTIGATIVE REPORT on what this is, please review/ SHARE the following: https://news.bitcoin.com/beware-definitive-onecoin-ponzi/

For yesterday's Radio Show Broadcast breaking down how Onecoin/ OneLife has absolutely defied ALL UNIVERSAL PRINCIPLES OF ECONOMICS and broken all laws of SUPPLY v DEMAND (including their own MAGIC PHILOSOPHY of "hyper-inflation" and "dilution"), tune in HERE:
https://vimeo.com/groups/359067/videos/175257038
__________________________________________________
SO, WHAT CAN YOU DO!?!

REPORT THEM AND/ OR HELP THE VICTIMS AND POTENTIAL VICTIMS!

HERE are ALL THE SUSPECTED Onecoin Meet-Up Groups please help find others on EventBrite and other sites, and expose them HERE! "Infiltrate" and work "undercover," if need be! Notify your local Authorities (and provide them with the REPORT linked above. RECORD audio (and video, if possible), as this can be used to help aid the Prosecutors when it is time for "claw-backs" in the form of financial restitution to VICTIMS. BE PEACEFUL! BUT ALSO CALL THESE CRIMINALS AND/ OR DECEIVED VICTIMS (THEMSELVES) OUT!

***note: I am 'fairly certain' that this represents the lot of them, but we need "eyes on the ground" to verify
___________________________________________________

HERE is a Los Angeles Group Meet-Up: http://www.meetup.com/Los-Angeles-New-Currency/

Atlanta, GA (#1)
http://www.meetup.com/GreaterAtlantaDigitalCurrencyMeetup/

and Atlanta, GA (#2)
http://www.meetup.com/One-Billionaire-Club/

Overland Park, KShttp://www.meetup.com/Overland-Park-New-Currency-University/

Houston, TX
http://www.meetup.com/Houston-New-Currency-Luncheon/members/121226522/

Medfield, MA 
http://www.meetup.com/Future-of-Money-Meetup-Medfield/

New York, NY
http://www.meetup.com/Cryptocurrency-Convention-CCCNYC/

Champagne, IL 
http://www.meetup.com/CRYPTO-preneur-Champaign/

Santa Barbara, CA
http://www.meetup.com/Santa-Barbara-Digital-Currency-Meetup/

Ventura CA 
http://www.meetup.com/Ventura-New-Currency/

Nashvile, Tennessee 
http://www.meetup.com/Nashville-Digital-Currency-Meetup/

Pleasant Grove, Utah 
http://www.meetup.com/Financial-Education-For-Digital-Currency-Blockchain/

Las Vegas, NV 
http://www.meetup.com/DigitalCurrencyMastermind/

Houston, TX 
http://www.meetup.com/Houston-New-Currency-Luncheon/

Canada (Mississaugas, ON): 
http://www.meetup.com/Mississaugas-New-Currency-University/

U.K. - Birmingham
http://www.meetup.com/One-Coin-The-Bitcoin-Killer/

U.K. - Glasgow (Scotland)
http://www.meetup.com/ONE-DREAM-TEAM-SCOTLAND-DIGITAL-CURRENCY/

Switzerland - Wallisellen
http://www.meetup.com/Wallisellen-OneCoin-Krypto-Currency-Meetup/

Germany - Furstenfeldbruck (#1)
http://www.meetup.com/Furstenfeldbruck-Onecoin-Kryptowahrung-Meetup/

and 

Germany - Munchen
http://www.meetup.com/Munchen-Kryptowahrung-ONECOIN-Investment/

Australia - Brisbane (and Gold Coast)
http://www.meetup.com/OneCoin-Brisbane-and-Gold-Coast/

France - Rennes
http://www.meetup.com/Meetup-Innovation-Rennes/

Nederlands - Haarlem
http://www.meetup.com/Haarlem-Amsterdam-OneLife-Meetups/


THERE ARE PROBABLY MANY MORE. BUT WE CAN START DISRUPTING HERE.
(If you know of other cryptocurrency and blockchain enthusiasts, MLM friends, etc., in ANY of these areas, PLEASE COPY/ PASTE and forward this information to them, on blogs, in comments, on Facebook, etc!) AND ENCOURAGE THEM TO PUBLISH THIS TOO!

WE NEED TO UNITE AS A COMMUNITY TO ERADICATE  THIS SPACE OF BAD-PLAYERS, CON-ARTISTS AND OBVIOUS SCAMS. 

THIS IS A GRASS-ROOTS MOVEMENT TO EXPOSE THE TRUTH AND PROTECT THE COMMUNITY AND INDUSTRY WHICH WE LOVE FROM SCAMMERS. THANK YOU.

One of my friend was also going to invest in onecoin, but I told him that bitcoin is more better than onecoin and it is enough to invest only in onecoin, and also I suggest some altcoins to him he is now investing in bitcoin, Litecoin and LIR

One of my buddy has sold his house and he invested all of his money in Onecoin, He also suggested me to invest all of my bitcoins in onecoin but I rejected his offer as I am earning better with bitcoin in my wallet.

First let me say that Bitcoin will never ever hit the $9,000,000 price mark.  If it did, that would mean that bitcoin in whole is worth over 200 Trillion dollars.  That will never happen unless the dollar looses value to about 10,000 to 1

Well thats good is much better to trade your money than to believe in ponzi scheme atleast if you failed its your own decision,in life many theft want to own your money and promise you a good profit but in reality they will get your money and earn small profit.