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RE: WHAT IS A ONECOIN ??ANY QUESTIONS

in #crypto-currency8 years ago (edited)

From what I understand OneCoin is a scam. What is your reply to articles like this?

One Coin, Much Scam: OneCoin Exposed as Global MLM Ponzi Scheme

The amount of evidence contributing to OneCoin’s status as a pyramid scheme is considerable. Its directors have previously been involved in other known scam operations, its resources contain no verifiable evidence for any of its business claims and documentation uploaded to support claims often conflicts with the claims themselves.

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

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that what they say ,but im still buying and selling them everyday.... and the proof to show my transactions if its a scam thanks for this one ...

it may work to get money now but suddenly it will stop working, if you keep a lot of money in there know that you are taking a huge risk

How exactly are you buying them and selling them everyday? The only exchange you can allegedly trade on is xcoinx.com, a site that doesn't do anything. They even have a table that shows Onecoin as the second highest market cap....I wonder how Ethereum feel about that? I can only assume you buy and sell within the confines of the Onecoin system without the influence of the open market. Do you sell between Onecoiners? Please enlighten me

Even if you really are buying and selling them everyday, that doesn't prove it's not a scam. Many Ponzi schemes, while they were ongoing scams, allowed people to deposit and withdraw.