Anyone heard of Firstcoin?

[zypa]

I went to one of their tech meetings, basically it was a presentation of what bitcoin did and then it went to how the system works for this coin.

Everything is true, it works by sharing and getting people to invest, then everybody gets their shares; you must keep blocked the coin for 6 months and then you get both the gain and the percentage of shares / month.
They have ATM's and you can buy directly in stores with firstcoin.

Disadvantage:
- MLM, pyramid scheme
- If you invest using the club then you are blocked for 6 months. But you get the % monthly.

What I did?
Invested a small amount on livecoin. In 2 weeks I am already at + 15%

So, treat it as another coin, that has active network developers so they are not sleeping. Ride the bus and then get out when you found your destination.
Never settle

Regards

[frangipani]

Nice thinking. Except that it is pyramid. If you dig little deaper you'll see that bonuses arent paid by pyramid. Money is made with ecoshares, smartcontacts, and premining.

[zypa]

Nice thinking. Except that it is pyramid. If you dig little deaper you'll see that bonuses arent paid by pyramid. Money is made with ecoshares, smartcontacts, and premining.

when the trend is upwards you want to go against the tide? If you can't beat them, join them.
Then get out, hopefully before the ship sinks

[frangipani]

he he..yes...but i sint think that boat will sink. Something realy bad must happen. I am hodl till about 300$ per FRST.

[SteveFinland]

Nice thinking. Except that it is pyramid. If you dig little deaper you'll see that bonuses arent paid by pyramid. Money is made with ecoshares, smartcontacts, and premining.

Ecoshares? Smartcontacts? Premining? Please tell one of these which exists in a reality.

All premined coins are owned by firstcoin.club.

When people take out their money, the exchange rate start to fall.

[frangipani]

i didnt see that it is falling...tell me when. (dont count during fork when all atcoins were bleeding). About smartcontracts,  you have atm fee, cellphone paying, plane tickets buying... about ecoshares,you have big paulowinia tree plants (paulowinia is tree that has fastest growing and is valuable for wood industry) etc... next smartcontracts will be announced in Thailand meeting (hope that after meating value will be moooooning)...
look in club...you have link at ANN Firstcoin theme

[SteveFinland]

i didnt see that it is falling...tell me when. (dont count during fork when all atcoins were bleeding). About smartcontracts,  you have atm fee, cellphone paying, plane tickets buying... about ecoshares,you have big paulowinia tree plants (paulowinia is tree that has fastest growing and is valuable for wood industry) etc... next smartcontracts will be announced in Thailand meeting (hope that after meating value will be moooooning)...
look in club...you have link at ANN Firstcoin theme

Where can I find the ATM that works?
Where can I find the Plane tickets or cellphone?
comig soon...

and the Paulowinia project is a bullshit. https://www.paulownia-firstcoin.com/ This is not Firtscoin's property, this is rebrand product and coming soon.

[Pab]

Stay away from 100% premine,it is pure scam,devs can make any volume by making self trading,not so strange thay didnt appear on forum most ppl will say same words as i am saying .And that hype name

[frangipani]

lets judge by name of coin. Veeery clever.. I would personaly do my research and see facts..

[Usuadog]

I've recently been informed about a coin called Firstcoin
They're apparently going to place FTM (Firstcoin transaction machines) all over the world

What I've found mostly confusing was that they don't have a thread on bitcointalk at all and they failed to answer the simplest questions I asked them

https://coinmarketcap.com/currencies/firstcoin/

It has a 100 million $ market cap, and doesn't have a thread on bitcointalk??

$3,191,650 volume on Livecoin and only 70 000$ on YoBit  

I've just viewed one of their webinars and when I asked about annual inflation rate (because there's interest when you purchase packages [sounds like HYIP lol]) and the webinar dude shut down the chat 

Has anyone heard of this coin?

They seem to have good backing, but sketchy as fuck
Ohh, yeah, did I mention 100% premine?
I mean seriously
A cryptocurrency where you purchase packages
http://prntscr.com/gsgjgm

Share information and your thoughts please

Is that the same as Firstblood?
I am not familiar with Firstcoin, it kind of sounds like a scam currency.

[sanas]

This is the same deception that has already been implemented in other projects. In my memory Bitconect and Onecoin. It will end badly.

[jonemil24]

Oct 28,2017. The date where all of it's market cap fell to zero.

I guess it's a scam coin, seeing the chart on marketcap- it felt like; I saw a wall, a 90° fall.
 

[frangipani]

https://www.worldcoinindex.com/coin/firstcoin

look at this chart. Something is not working at marketcap link. Its not same like firstcblood ofcourse. Resarch about it. Onecoin is scam that never was at market at never was coin. That was clasic ponzi pyramid fraud.
Bitconnect I dont know what is idea. But this one has idea. We will see what will happen in next months and year... Just you decide will you have part in it...Its up to you... It s free to research...

[lili song]

It's interesting coin !

IMO the owner still not notice bitcointalk yet or did not want to advertise here but everything must be try so who knows the owner will give bonus for early ICO investor for their coin/token.

[frangipani]

which ICO? Coin is on market almost a year...Last few months is rising nicely. You can have bonuses if you do marketing. Thats idea. Marketing to direct user, not to pay expensive comercial on "who will see will see" idea...

[cryptoux]

They dont offer a good product and the coins are being hold by the developers,a total shit coin get away from it.

[frangipani]

what product does bitcoin offer?Or bunch of other? What is important is that that coin is in more and more use by people...And with this is going well i would say...

[SteveFinland]

What do they use it for firstcoin?
Every project coming soon...
FVPP (Firstcoin Value Protection Program) collapses when there are more sales than buying and the firstcoin loses its value.

[frangipani]

December Thailand will be many announcements. Just wait.. Or be ready and buy before rise.. Few startups are mindblowing, but it is early to talk before.. Just remember what I said and wait..
Dont be wait to long like you waited for bitcoin etc

[nor9854]

No team info on their website and no Telegram or slack to directly chat with them.High price is no indication of genuine coin.I would not burn my fingers with this coin