Bitcoin copycats are rising

[groll]

Have you heard of TBC (The billion coins) or Swisscoin, they are not yet included in the coinmarket and yet their prices are rising very fast. Many are tempted to invest large amounts in those coins. You can also purchase those coins using bitcoins. Well, I am just afraid if they are really a currency or a scheme like ponzi like what ONECOIN did. What is the right thing to do about those coins?

[7788bitcoin]

The right thing to do is to ignore them. Most of these are just another pump and dump scheme as there is no additional strength/benefit in these coins. The level of support is very low so you can expect them to disappear any time.

[iv4n]

Its gambling, you can buy them now when they are cheap, and wait some top ( where will top be is up to you to decide ) then sell, you can earn some good money with that. But while you waiting for that top, you can experience hard drop and lose all you invested.

Or you can ignore it, let others to win and lose. Its up to you what you will do, and whom you will follow. Anyway I doubt that anyone can stop them from appearing, and in future we can see just more and more altcoins. Looks like anyone with a bit money can make alt coin, and some people using that.

[shorena]

The right thing to do is to ignore them. Most of these are just another pump and dump scheme as there is no additional strength/benefit in these coins. The level of support is very low so you can expect them to disappear any time.

They are not even coins AFAICT, just a straigth ponzi mixed with "blockchain" as marketing term.

-snip-
What is the right thing to do about those coins?

Ask yourself where the value comes from. Are there a large number of merchants accepting these coins? Do they bring new features? Is the sourcecode available? Does a whitepaper exist that explains the technical details? Can you cash out at any given time? Try to find details.

[electronicash]

Have you heard of TBC (The billion coins) or Swisscoin, they are not yet included in the coinmarket and yet their prices are rising very fast. Many are tempted to invest large amounts in those coins. You can also purchase those coins using bitcoins. Well, I am just afraid if they are really a currency or a scheme like ponzi like what ONECOIN did. What is the right thing to do about those coins?

Must be a ponzi really. I only see these coins on facebook really and when i tried to look for their ANN thread here in bitcontalk, i find none. and it only means they are avoiding to be judged as scam to they just prefer to stay on facebook. where they can moderate.

[ImHash]

There could be even more than what it is now, you can't simply stop them and they will grow in numbers every day.
Best thing to do is to avoid trading them if something fishy is going on, but still I don't think any coin could ever reach to bitcoin's potentials.

[helloeverybody]

They do sound like scam coins.  Its not like we have a shortage of shit coins but at least shit coins are legit and not necessarily a scam.  Even with an ann thread in bitcointalk weve had plenty of scams so i certainly wouldn't put any trust in any that just pop up of of thin air.  Easy way to get burned.

[ethereumhunter]

Have you heard of TBC (The billion coins) or Swisscoin, they are not yet included in the coinmarket and yet their prices are rising very fast. Many are tempted to invest large amounts in those coins. You can also purchase those coins using bitcoins. Well, I am just afraid if they are really a currency or a scheme like ponzi like what ONECOIN did. What is the right thing to do about those coins?

better to play other coins like ethereum or ethereum classic. many people predict that ethereum will be second of bitcoin, but yes it is just only prediction. for me, bitcoin is like a mother for other coins, and no other coins will be bitcoin copycats. maybe they just pump and dump that coins to make sure they can become big like bitcoins.

[equator]

They are only a scam coin which can create users only on facebook or twitter like forum only, as their you cannot identify the details, but if they post here in bitcointalk forum here they will be asked about all details about the coin and its technical details, which they cannot give that is why it is better to leave them and just go through other coins which are much better going in the market with full transparency.

[davis196]

Have you heard of TBC (The billion coins) or Swisscoin, they are not yet included in the coinmarket and yet their prices are rising very fast. Many are tempted to invest large amounts in those coins. You can also purchase those coins using bitcoins. Well, I am just afraid if they are really a currency or a scheme like ponzi like what ONECOIN did. What is the right thing to do about those coins?

Stay away from brand new altcoins.Every new cryptocurrency is a potential ponzi/scam.

Some people are manipulating their prices and creating buzz around those altcoins to get more people to invest

in them and then run away with the money.

[groll]

Have you heard of TBC (The billion coins) or Swisscoin, they are not yet included in the coinmarket and yet their prices are rising very fast. Many are tempted to invest large amounts in those coins. You can also purchase those coins using bitcoins. Well, I am just afraid if they are really a currency or a scheme like ponzi like what ONECOIN did. What is the right thing to do about those coins?

Must be a ponzi really. I only see these coins on facebook really and when i tried to look for their ANN thread here in bitcontalk, i find none. and it only means they are avoiding to be judged as scam to they just prefer to stay on facebook. where they can moderate.

Well you have a point there, since they cannot be seen in coinmarket and they are only operating in facebook and in moderation, there is a big possibility that they are scheming something. Probably they are really a Ponzi Scheme that is disguising as a cryptocurrency.

But I do hope I can get evidence to back-up this claim otherwise it will be troublesome since my neighbors invested a large amount to these coins. But if they are legit then there are no worries but if not then my poor friends will lost their money.

[topiOleg]

better to play other coins like ethereum or ethereum classic. many people predict that ethereum will be second of bitcoin, but yes it is just only prediction.

I would not bet much any altcoin can stay second after Bitcoin for very long, it seems there is always demand for new the next big thing altcoin after a while to keep these speculative altcoin pump and dump games going.

So people eighter ignore the altcoins, or trying to make something out of the pump and dump games. The worst one can do is invest in altcoin with intention to hold longterm, but I dont think you find many such newcommers anymore who dont have experience with these altcoin games.

[CoinBreader]

well this happens a lot time now!
no use alts are poping out of nowhere with no real use! and a shitload of promise in whitepapers, eventually nothing happens , even coin with solid dev team behind & PR ppl , but in the end its goes back where it belonged to the cave!
I think it will take a while till a btc anchestor come by..
till then you will hear every think about alts, BTC is like gold, LTC like silver and go on..
my point is nothing will rise by its own, less coins have something unique & are real with actual use, & all the rest if PnD , so if isnt on marketcap , is a low quality PnD work..

[CraigWrightBTC]

Have you heard of TBC (The billion coins) or Swisscoin, they are not yet included in the coinmarket and yet their prices are rising very fast. Many are tempted to invest large amounts in those coins. You can also purchase those coins using bitcoins. Well, I am just afraid if they are really a currency or a scheme like ponzi like what ONECOIN did. What is the right thing to do about those coins?

They are just alt coins same are like  another altcoins and no more, so if we will make Investment on there make sure do it with we can lost it. Because always there are high risk in Investment.

[MyBTT]

Alts are just pump and dump schemes. People buy up the market, other people follow and the price naturally rises. Once it rises a substantial amount, the first few investors drop all their coins until an exchange and profit.

[yenxz]

I suggest it is better to leave them , they sound like a coin fraud can search for users just on facebook or twitter like forums only. because they can not identifying details but if they post in the forum bitcointalk we could ask about the details and they can giving details. we need to consider to leave .

[TraderETH]

better to play other coins like ethereum or ethereum classic. many people predict that ethereum will be second of bitcoin, but yes it is just only prediction.

I would not bet much any altcoin can stay second after Bitcoin for very long, it seems there is always demand for new the next big thing altcoin after a while to keep these speculative altcoin pump and dump games going.

So people eighter ignore the altcoins, or trying to make something out of the pump and dump games. The worst one can do is invest in altcoin with intention to hold longterm, but I dont think you find many such newcommers anymore who dont have experience with these altcoin games.

You should give more your experience about way of trading alt coins for get profit as consistent because you don't give any solution about trading alt coins and i will tell you something trading alt coins are not the game, trading is serious business.

[TGD]

Have you heard of TBC (The billion coins) or Swisscoin, they are not yet included in the coinmarket and yet their prices are rising very fast. Many are tempted to invest large amounts in those coins. You can also purchase those coins using bitcoins. Well, I am just afraid if they are really a currency or a scheme like ponzi like what ONECOIN did. What is the right thing to do about those coins?

I saw many tbc coins in yobit and c-cex but it's not the same I'll try to send coin from yobit to c-cex but I'll not receive it. I don't even know why this coin is so popular in Facebook and many got fooled of it and what trading we can use to exchange it.

[jak3]

they maybe rising very fast but they are still altcoins :p i am sure they will be no where after some months. just stick to your bitcoins and ignore those stupid altcoins. but if you are a market trader then i will say keep your eyes on gtd and coxic coin

[noictib]

According to me Just ignore these types of Coins and only Focus on Bitcoin.
Because These Coins Never Be Like Bitcoin because Bitcoin is a Strong Currency and these Currencies can Never take place of Bitcoin....