A lot of people seem to think Onecoin is a far better investment compared to bitcoin. While nothing could be further from the truth, it is not hard to see why people would invest in Onecoin rather than bitcoin. To the average consumer, bitcoin makes little sense. However, it is evident bitcoin will always be the superior currency.
2. Onecoin
Over the past few years, Onecoin has made quite a name for itself. The people responsible for this project advertise Onecoin as a digital currency that will not only make investors rich over time but also provides a gateway to product and services as part of the Onelife ecosystem. However, there are quite a few caveats regarding Onecoin that most less tech-savvy people tend to overlook. After all, the concept looks appealing, but can its creators back up any of their initial claims?
That is where the Onecoin project falls apart almost immediately. While it is true investors will see their account balance update over time, that does not necessarily mean they own said funds. In fact, until they request a payout from Onecoin, they will never control their profits or original investment ever again. Moreover, the account balances one sees update every so often is nothing more than a number in the Onecoin site database being changed, even though it has no value whatsoever.
Moreover, the Onecoin team claims they have made a digital currency, which is issued over a blockchain. So far, there has been no proof of a Onecoin blockchain, simply because it doesn’t exist. Nor will it ever come to fruition either, as the project team has no idea on how they would create such a technological marvel in the first place. It is evident Onecoin is not even a currency with proper use cases, other than the ones provided by the Onelife network. No one has ever been able to buy food or pay a bill with Onecoin directly, that much is certain.
1. Bitcoin
Which brings us to bitcoin, the so-called “inferior currency to Onecoin”, according to some of the platform’s investors. In fact, one can argue bitcoin is everything Onecoin is not and vice versa. Unlike the scammy counterpart above, bitcoin is an actual currency that can be used around the world without requiring approval from a centralized company that has no honest intentions whatsoever. It is rather interesting the OneLife network does not accept bitcoin payments, nor does any other merchant around the world accept Onecoin payments.
Moreover, bitcoin is a digital currency, as it does not merely exist in one website’s database. The entire world can see bitcoin transactions take place in real-time without having to install special software to do so. Onecoin transactions, on the other hand, have never been publicly documented. This begs the question whether or not there is any value to the Onecoin “currency” in the first place, considering it has no use cases.
Speaking of use cases, thousands of merchants and retailers around the world are accepted bitcoin payments as of right now. Both online and offline purchases can be completed with bitcoin. Additionally, there are also bitcoin debit cards, whereas Onecoin has no debit card whatsoever. That is quite surprising, considering the value of Onecoin seems to increase every so often. Striking a deal with a credit card issuer would not be all that hard in this regard. Then again, bitcoin has a value, and Onecoin does not, which explains why no card issuer wants to deal with Onecoin right now.
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Probably the dumbest article I’ve ever read, Onecoin is still in start up phase… So saying there isn’t ‘use cases’ so it’s not real is just a nonsensical argument. Bitcoin had to start somewhere too.
Make a true comparison, or just say nothing.
Shame on Google for recommending this pointless article…
One coin not yet publicly traded once it’s comes to public in 2018 April then people Wil realise which coin is big pls wait
No cryptocurrency coming for Ipo only ONE COIN coming IPO that’s great
Probably the dumbest comment is yours. There were some people trying to introduce me to this Onecoin shit and I discussed the issues with a lot of them but I just realized that all of them are technologically dumb. Completely. They don’t understand even minor things regarding blockchain, cryptocurrencies, algorythms etc. It is very easy to take advantage over this people and take their money away. Most of them deserve it.
Yes, yes, please wait. I wish I could be there to see your face when you will loose your money with this Onecoin shit. So then you will realize which coin is big pls wait
;-))))))))))))
I totally agree! Of course a ‘Bit-Coin-Enthusiast’ has to pour loads of crap over an uprising competitor. I’ve done some research. Did you know that less than 10% of the people who own BitCoins count for 90% of all BitCoins in the market?
Verify your information before saying anything, there is onecoin card “onepay”
I do not think I could never be convinced that OneCoin is somehow superior to bitcoin or, even worth using for that matter. I’ll ammend my thoughts when I see no central issuing OC body. That OC users cannot see the incredible risk involved, frankly, is worrying. I wish OneCoin users could understand that the best use case for bitcoin is the decentralized creation ecosystem and diminished counterparty risk. Eh. The internet has everything you need to know just about anything so, there. #NotMyLawn
He should real verify his information, I think these BitCoin people are so angry with OneCoin. We are not even public but we already crushed BitCoin with a lot of members..!!?
The one that
must be informed is you, that card only serves to withdraw your profits
obtained by attracting more people to the network, it does not serve to
remove anything that has to do with the currency
The Bitcoin members are just upset and angry that Onecoin is going to dominate the market because of their KYC technology which Bitcoin will never have. Onecoin is already ten times bigger than Bitcoin. come 2nd quarter of 2018 Onecoin will go public and Bitcoin would only be a history.
@disqus_kLZa4xXK5F:disqus You are either an ignorant about cryptocurrencies, or an hypocrite selling a scam.
Bitcoin was publicly traded from day one.
I found myself here after someone tried to convince me to join the One coin network. of course I would not take these MLM guys for it. I am always skeptical on how they package their message. Kindly give me more information about bitcoin.
Can’t wait to see this one coin and tbc scam come crashing down and bringing most of my Nigerian brothers back to reality.
HMmmm waiting tO see 2018 Mid. I hope everything will be ok
Daniel what a stupid answer, make a research first !!!
@sascha It is not a stupid answer, and I know more about cryptocurrencies than you do. I teach about them at the University and developing one. There is a difference between a cryptocurrency vs a SQL database as it the case of OneCoin.
The title of this article is very harmful and misleading: It is comparing a pure scam to a cryptocurrency, so it elevates OneCoin to a cryptocurrency status, which it obviously isn´t.
Instead of simply stating: “OneCoin is a scam! STAY AWAY! Here are the reasons…” , it sounds more like a jealous bitcoin lover venting because of OneCoin “success”.
No surprise there is a lot of name calling on the comments…
By the way, I am very sorry for all the people that will lose their money. Please, take my obvious advice: Do not invest in something you do not understand, or else you will fall prey to scammers.
i prefer onecoin
Hi,
My Vather and my Brothers have invest in Onecoin. I was not Happy with that from the beginning.
Is there a way to get this Money back ore change in Bitcoin? Someone can Help?
Thx
Marco Pereira
idiot
Onecoin/Onelife is scam like MMM. People should just buy bitcoin and HOLD. will be $500,000 USD in 10 years at most. If im smart enough too make bitcoin a part of my retirement plan just imagine when the pension funds in 3rd world country’s start buying (Mexico, Japan).
I have got a OneCoin account with more than 100 direct registered people. I am looking for someone to work with (follow up newbies, speak chinese, etc) Pls drop a message if you are interested.
Hello, I have got a OneCoin account with more than 100 direct registered
people. I am looking for someone to work with (follow up newbies, speak with them, etc) because I am running other businesses as well. Pls drop a message if you are interested and we can share the income.
Hello, I am looking for assistants for my OC business. Already have many directs, need to follow them up. Offer is for income sharing. Pls drop me a msg if you are interested.
OneCoin is excellent for people who have no knowledge of cryptocurrencies whatsoever, and who have more money in their pocket than they really need… Ruja Ignatova and the thieves around her will help those poor souls lighten the burden of REAL euro’s and dollars on their accounts. At least they will buy happiness, and dreams of becoming filthy rich once OneCoin goes public, which will happen… well… never.
Please hit my inbox.
Please get in touch on markhenri2006@gmail.com
those people who are commenting against onecoin are the same people who criticised bitcoin too at the start….the main objection on onecoin is that theywill never make it to open market..so its a very tricky game by dr ruja she is trying to make a value of the onecoin before going to open market…after the start of 3rd quarter of 2018 they are going to open market so avail this chance onecoin is the real big thing after the great success of bitcoin…dontlisten to these people
upto 48k marchants are accepting onecoin and its usability is increasing day by day…it has 3.2 million members more than all cryptocurrencies togather
So what?
There are millions of merchants accepting credit cards and PayPal around the world, with better deals than Dealshaker…
Nobody really needs merchants accepting crypto currencys….
Not even the unbanked…
There are a lot of better solutions than some volatile Crypto…
Like Gmobi and dLocal with over 10 million users …
More merchants are beginning to accept OneCoin. By 2019, you can expect it to be as popular as PayPal.
You know that PayPal is not a currency, do you?
Just a means of payment…
OneCoin will never be this popular in that short timespan.
Too user unfriendly…
And what if it does not crash down ?
I think Bitcoin is at the moment the better investment! Now it’s again going up 🙂 …
P.S.: At our website you can get information about another very promising project …