Bitcoin Forum
December 14, 2017, 05:18:13 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: CT: One Coin, Much Scam: OneCoin Exposed as Global MLM Ponzi Scheme  (Read 1760 times)
upsidedown75
Hero Member
*****
Offline Offline

Activity: 812



View Profile
August 01, 2015, 06:10:12 PM
 #1

OneCoin, a purported cryptocurrency and trading venture based out of Bulgaria, is suspected to be a pyramid scheme with no verifiable evidence to back up any of its business claims.

http://cointelegraph.com/news/114399/one-coin-much-scam-onecoin-exposed-as-global-mlm-ponzi-scheme

.

███████████████████████
███████████████████████████
█████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
█████████████
██████████████
██████████████
██████████████
██████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
█████████
███████████████
████████
████████████████████
█████████
██████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
███████████████████████












Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513228693
Hero Member
*
Offline Offline

Posts: 1513228693

View Profile Personal Message (Offline)

Ignore
1513228693
Reply with quote  #2

1513228693
Report to moderator
JBC
Member
**
Offline Offline

Activity: 66


View Profile
August 01, 2015, 06:44:49 PM
 #2

One of the comments stated the capitalization is $2 billion.  Meaning any ROI is limited now.

  As well they are only on a single exchange, one which they control, meaning manipulation is highly suspect.  If OneCoin went to the open market and people were able to sell then the capitalization could plummet?

They claim to have 450,000 paying users.  If this was true then the internet would be on fire about OkCoin, because a lot of estimates put Bitcoin's userbase under 250,000.  If OkCoin had twice the userbase of Bitcoin than where are the bustling forums, social media pages, et cetera?


http://www.ibosocial.com/DJMarketing/pressrelease.aspx?prid=450518

Quote
In November – December 2014, the company had about 10,000 paid members. As of May 2015 after another six months 340,000 paid members.
Today, 450.000 paid members!

The company has a payment frequencies at 80-85 % of all enrolling in the company. Training package costs 130 euros to 5,030 euros. Both management and good leadership structure of the company has made to become a big success.

Compensation plan has a cap on payouts per week at 35,000 euros per position. The company has over 200 members today who earn over 35,000 euros per week. As well as several thousand members who earn anything between 1,000 – 25,000 euros a week.


Pure MLM here.  Who is paying thousands a people 1,000 to 25,000 Euros a week?  Who can believe something like this?  Sit on your ass all day and make 1,000 Euro each week!  This is when average monthly income in Bulgaria and rest of Eastern Europe is less than 600 Euro a month..


http://behindmlm.com/mlm-reviews/onecoin-review-100-5000-eur-ponzi-point-cryptocurrency/

Another interesting link


JBC Japan Bitcoin
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!