Bitcoin Forum

Is OneCoin really a scam?

I don't know if what is written on this link is real or not, just check it out
https://www.quora.com/What-is-OneCoin-and-is-it-legitimate

I make it as short as possible: Yes.

Do not waste your fucking time with this worthless excuse of a "cryptocurrency".

No blockchain....it is not even a cryptocurrency.

it's more legit than ripple!  ::)

Base on the link given above https://www.quora.com/What-is-OneCoin-and-is-it-legitimate
Looks like this is the same as MLM scam much better to don't invest in this kind of crypto currency.. better to go try top 20 altcoin in coinmarketcap.com
Much more chance to make a good profit. .

I have never heard of the project,any ANN?or website?

It's the biggest scam i have seen, so well organized

Yes, it's a scam:

https://en.wikipedia.org/wiki/OneCoin

there are many "ONECOIN" if you eman this https://bitcointalk.org/index.php?topic=1801129.0, this is not a scam was a good coin early, but the dev run away and abandoned the coin, now it's worthless or very low vlaue, or maybe you mean this which is very old and died also https://bitcointalk.org/index.php?topic=200177.0

Did you lose much to them OP?

Alot of people wouldn't believe it, I remember trying to tell people on Youtube and just getting bombarded with people going "You are a dumb ass, you can't see opportunity even when it's right in front of your face". I tried to explain that you can't sell the coins, there is no blockchain (effectively making the whole system vaporware), and the owners have scammed before (I.E. see "BigCoin" lol), but it always fell on deaf ears. Everyone was super lit on the OneCoin koolaid. lol

I honestly think alot of people didn't expect scammers in a MLM Ponzi to be so up front & in your face. We've got Forbes magazine covers (Forbes, you should be ashamed), we got countries whom has diplomats standing next to the scammers, we got commercials and youtube and affiliates. They definitely knew how to make something viral, and they completely left this forum out of it (smart on their part, knowing we'd see through their shit in the first post). I can't blame people for falling for it, I just think if the average Onecoin investor had even a basic knowledge of how bitcoin works and the altcoin section of this forum they would've seen this scam from a mile away.

I'm sorry if you got caught up in this, but let it be a lesson. Don't invest in things you don't understand, especially in the world of crypto. There's way too many people here ready to take your money, you need to be choosey.

I wish you the best of luck in the future.

Ps - Straight up, the legitimate coin that adopts Onecoin's viral marketing strategy (minus the ICO/Ponzi scam BS) would be friggin HUUGGEE

MLM yes,  scam can be because onecoin use pyramid system.Most pyramid  system will end in scam. Why don't you invest in trading legit altcoin or mining like hashflare or buy hashrate in nicehash? Those are true mining.

hahah well said. Yeh i would agree, Ripple does not belong in the blockchain space. I wonder if many people understand how it came to be. I recall a time where coinmarketcap would hide Ripple from the market unless you triggered the option to show it.

OneCoin has had a pretty bad reputation in the market and overall community. I would suggest you look into for yourself and see their history and news surrounding it.

If its based on MLM scheme then its a sure scam and yet its not still being listed or considered as crypto at all.Just like what i saw on TBC coin in the first place and now it has enormous price per coin but sadly those dumb people who do make purchase of those coins been lose all their bitcoin for sure and starts regretting that is why we should really be aware like on this Onecoin.Stay away on this scam coin.

I think One coin was start marketing almost 3 years before but until now one coin is not listed in any trading platform OneCoin has had not good reputation in the market and overall community.

This is a clever scam designed to target all those people (and they are many) who have heard again and again about people making money with Bitcoin but they have no clues on how cryptocurrencies actually work and what they are - nor they are interested in learning that. But they wish for the benefits, ie to become rich. This makes them the perfect victims for this sort of scam.

This is definitely a scam, it is out there for already 3 years and since then there is no proof of a blockchain. THREE fucking years and still not able to list on coinmarketcap or what so ever, while this is easy as fuck, just look at al the noob coins coming in. Onecoin is the biggest scam ever, you literally give your money away....those people who invest in this shit..omg...no words for it...

It is really obvious that it is a scam because if that coin is not a scam then we can see that coin in different exchanges and a lot of people will also talk about that coin and they will just support it continuously without having a doubt but we can see that there is no solid proof that they are a good coin and a lot of authorities already made some actions against that coin.

yes it was like a pyramid scam so make sure you should now how scams work so you can avoid it as possible and also as soon as possible go to legit ones

They say that OneCoin is a scam but i think its not a scam,  it seems to be happen that they are late giver of profit to many users...  So deal with it...

Onecoin is a very skeptical coin, don’t invest in it because you won’t get your money back anytime soon since they have a withdrawal process that lets you get only a very small amount of money back when you exchange the coin to normal money.

Linking a bank account and all that is not really what Cryptocurrency is all about. There’s plenty of other coins that can make money instead of Onecoin. Check out Behindmlm.

Onecoin is scam. No proof or hash network for the transaction. Cryptocurrency has hash to track the flow of money. See the news
https://cointelegraph.com/news/onecoin-leads-top-3-scam-coins-list-s-coin-earthcoin-follow
If onecoin now has network, I think the network isn't releable because since the start onecoin seems to be MLM or pyramid schene. I think I don't want to take a risk in  such kind of coin. There are many legit Investment in marketplace that you can take a part.

According to me yes its a proper scam. They are running it from last 2 year and they are not yet on a single exchange and they do not even have a block chain for me it's not even a coin it is just an MLM Ponzi Scheme which is just running with a name of the coin. I will not recommend anyone to join this scam because you will only loose your money and time there.

Oh no ! ???

Stop necromancing useless idiot threads.

I am afraid to tell you, yes One coin is a ponzi scheme hence a scam. Can you profit from a scam? Absolutely. But remember, much like in a casino. The house will ALWAYS win. You are more likely to lose your money, than gain any.It is risky, way more riskier than trading in crypto.

David pls

I've been to a onecoin presentation, and trust me. It is the biggest scam I have ever seen. There is no blockchain. You pay for air..