The OneCoin program has gotten a lot of attention over the past few years. As a result, there is a lot of false information out there. Anyone can see OneCoin is a clear scam and a program that aims to piggyback on the success of existing cryptocurrencies such as Bitcoin. Below the surface, there are quite a few fishy things going on with OneCoin, even though the project continues to attract a lot of investors from all over the world.
OneCoin In a Nutshell
It does not take a Master’s Degree to figure out what the objective of OneCoin really is. The project advertises itself as a multi-level marketing scheme focusing on cryptocurrency and blockchain technology. As one expects from MLM schemes, earning money requires users to bring new members into the fold. Not doing so will result in fewer or no earnings at all. Moreover, users need to make an upfront investment before they can earn money with this program in the first place.
Any program referring to itself as a “once in a lifetime opportunity” should be scrutinized. OneCoin is no different in this regard, especially when considering the website – nor company – provides any meaningful content and research related to their own project. One would expect from OneCoin to at least provide some credible evidence as to how the project makes money, but that is not the case.
Things only get weirder when we look at the apron responsible or founding OneCoin. The infamous Dr. Ruja Ignatova is responsible for the creation of OneCoin, and she used to oversee day-to-day operations. Interestingly enough, she stepped down a few months ago once OneCoin started attracting attention from legal departments and governments all over the world. She fled the sinking ship right on time, one could say.
Dr. Ruja Ignatova was born in Bulgaria and claims to have a degree from Oxford University. This degree is subject to controversy, as she claims it was opened in 2004. The OneCoin website, however, showed a document dated to 2009. A very strange discrepancy which no one has been able to solve to this very day. Moreover, Dr. Ruja’s employment with different companies prior to founding OneCoin remains a big mystery as well.
People who have invested money in OneCoin have not been overly successful in getting funds out again. Users have to reach a certain amount of active referrals before they can withdraw funds. Another option is to keep one’s OneCoin balance and spend it on products and services offered by the company itself. This is the traditional approach to MLM schemes, as they persuade as many people as possible to not cash out their investments and keep it within the locked-down ecosystem.
Perhaps the most disconcerting aspect about OneCoin is how this project has nothing to do with cryptocurrency and blockchain technology. There is no OneCoin blockchain, it is not a currency, and the “OneCoin” can’t be traded anywhere else but through the centralized platform itself. All of these warnings signs can only lead to one conclusion. OneCoin is a big scam, and should be avoided at all costs.
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You are a scumbag scammer pumping a scam. There is no onecoin, its doesnt exist, its not traded, its not liquid, it never ‘went up in price’, onecoin events are cult like events for dumb people who dont know any better.
“earned my initial investment back many times”.
How? In dollars? … or you just see the number on the dashboard?
This scam is so big that actually can make people like you delusional. There is no way you could have cash your investment except recommending this scam to others and earn from your down liners. There is no way you can sell your onecoin. Tell us how you did it and where you did it?! When I say delusional it is a correct word to describe people like you. Maybe you have seen some numbers on your onelife dashboard and you think you have earned your investment many times back. Even if onecoin goes public the only think you can do with it is to buy some Chinese products on dealshaker website that it is a part of this scam. That is the only way you can maybe use this scam, just online shopping from company website. If you go to onelife website you will see they dont sell any coin. The packages are called online e-learning packages. So if latter anyone say why this scam is not working they easily can say it was not onecoin, it was leaning packages and some number to practice with. Go and rethink about what you have invested your money on.
“earned my money on the increased value of the Coin”. – pmsl, what coin?! there’s no blockchain and no scarcity to lend value you dufus!!! There are no ‘coins’, there are just digital entries that they can add to whenever they want, and there is no way for you to actually cash out any $s unless you did ‘down-line’. There is no exchange on the planet that would take a company public when all of their senior staff are under investigation by fraud departments in half a dozen countries lmao.
The average IQ is 100, the sad truth is that people on the wrong side of that are very gullible, they make up half of the population and they are easy prey. You see people falling for 5% per day interest rates too, even though there aren’t enough bitcoins in existence to pay that out to a 50btc investment for 20 months (double your money every month lol).
Scams are everywhere, and simpletons who don’t think things through will get scammed… a fool and his money are easily parted.
liar. do us a favor and leave.
I am not a liar Mr. Shyte for brains. So, you put that in your pipe and smoke it pee wee. .
Does your momma know you eat your own shyte…go wash out that nasty pie hole before you open it, your drawing flies..
Do you know how to read? Euros…cash….many times over buddy boy…
Think what you want snowflake and go stick that shyte face of yours in the toilet.. While I count my $$$$…
do you know how to stop lying?
Your a big mothed no nothing loser Jabba the hut! You dont have 2 nickels to rub together, so shut your mouth and sit down fat boy!
What a cogent and succinct argument. I think you and Onecoin seem like a perfect fit DJ. Good luck! 😉
Well, except for the lies you just told above about cashing out. You are an oily little toe-rag who can only have cashed out by taking advantage of some retard down the line. So you are quite a lot worse than a liar, you are dishonest and dim-witted.
Your $$$s are stolen from other people you dirty, nasty little scumbag. How you could brag about that is beyond me? It is easy to make money without scamming people in crypto, you just need half a brain to see what the obvious investments are. It is quite vile to see someone bragging about scamming. What goes around comes around little man. Karma will give you your due eventually.
LIAR AND A FOOL LOL
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