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6 Reasons why TheBillionCoin(TBC) is a SCAM

(Last Updated On: June 25, 2017)

In this post, I’ll tell you why I think the Billion Coin is a scam and present some facts below to prove why it shouldn’t be called a Cryptocurrency, let’s go. 

Why TheBillionCoin is a scam

 TheBillionCoin – Self Acclaimed Cryptocurrency

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Meaning of Cryptocurrency: A cryptocurrency is a medium of exchange like normal currencies such as USD but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography.  Okay, maybe that wasn’t so straight to the point, take this one instead then, it is a digital currency designed to work as a medium of exchange using encryption techniques to secure transactions and creation of additional units of the currency.

Examples include the Bitcoin, Litecoin, Peercoin, Primecoin, Ripple, Mastercoin, Dogecoin and other’s, let me stop there.

Cryptocurrency has become very famous today, known and used by almost everyone. Behind it also, are some fraudsters trying to seize the moment to make some profit for themselves by using the term, cryptocurrency.

MUST READ: How to Know The Right Cryptocurrency to Invest In

There are a lot of them, one which includes “TheBillionCoin” or TBC. Like many digital currencies, this one claims it’s market value increases daily.  When TBC first came in, it’s opening price was €0.001 and has supposedly gone up in value by 5% ever since that day. Off course, that sounds too good to be true, the aim is to attract new members settling them with the idea that they can become a millionaire in a short period of time. It is a fact that most of the new members are people who don’t have a true understanding of what cryptocurrency is and how it works.

 

thebillioncoin-scam

TBC price increase chart

 

 What Determines the Value of a Cryptocurrency 

You’ve seen the chart above of how TheBillionCoin claims to have it’s price go up every day but in this section, I’ll briefly explain what determines the value of a cryptocurrency.

In short, the price of a Cryptocurrency is determined by its supply and demand. For example, when demand for bitcoins increases, the price increases, and when demand falls, the price falls. Get it, right?.

Demand here is based largely on two factors: The utility of the Cryptocurrency and Speculation. Utility is the ability to use the said cryptocurrency to buy things or to pay for things that you want. Speculation is the belief that the Cryptocurrency may one day be much more than they are now, i.e. future utility.

Why is TheBillionCoin Not a Cryptocurrency?

This is what we all came for, so continuing reading below;

  1. TheBillionCoin(TBC) is not on coinmarketcap.com , that is by far a major blow against “TheBillionCoin”.

Please Note:  TheBillionCoin(TBC) is different from (TurboCoin(TBC) –>no longer in existence), they both have the same abbreviation but they are not the same.

2. It’s value always goes up. That is not supposed to be, unless it’s value is determined by the owner of TheBillionCoin and not by the market because there is no cryptocurrency which its market value goes up at all times. It is just a mechanism to look for more members.

3.  There is no open market supporting this coin. If at any time this scheme was to fall, all the members will only have a worthless coin, because members can not sell their coins anywhere.

4. It uses a Multi Level Marketing style.

5. Uses testimonials and the idea of their trickery of a millionaire board into getting new members.

6. It can’t be Mined, like seriously? How then are more coins generated?

These are just some of the facts to prove that TheBillionCoin is a Scam, a deception in the name of a cryptocurrency. Many of us have fallen for this, it’s high time the truth came out.

I’d love to hear your opinion, feel free to oppose the facts I have outlined or to let me know what you think about this Coin, thank you.

 

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About the author

Joseph Ibezim

Joseph is a freelance web developer and founder of Xtrahola, Inc. Lover of all things tech, and general geekery.

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165 Comments on "6 Reasons why TheBillionCoin(TBC) is a SCAM"

avatar
esi princess
Guest

TmH2qGCxgnFWr9jztR5EoMMSa6kHJvSeRa (tbc address please send me some please)

Bunmi
Guest

I have TBC to sell.
Kindly contact me.

Innocent A. Isabirye
Guest

Hello,hw much are u selling TBC? i am intersted

Valentine Okpara
Guest

70k contact me…

twiggles
Guest
It’s a scam and whats worse is that someone here in New Zealand is actually making an event out of it where stall holders have to accept 50% cash and 50% TBC. And even worse is the local government (council) is supporting it, as well as the local chamber of commerce! The local business people and public will… Read more »
Edmund
Guest

After you have seen ,you are still ignorantly calling it a scam?

You will weep and live in regret all your life by the time reality of abundance done on you and elude you.

Ngazs
Guest
Are you for real? I mean seriously… Educate yourself… TBC is going off in NZ… It’s amazing and if this is what scam looks like give me more because I have cashed out all the money I initially invested plus more… Yup sounds like a scam… I have purchased an iPad and phones through money I have cashed… Read more »
Jack
Guest

I thought you wasn’t supposed to sell your tbc at a lower price. You can have your accts frozen for 6 months. It said buyers that are getting tbc at a discount will have their acct suspended for 6 months.

abey
Guest

Ihave TBC for sale… Please contact me on whatsapp if you want to purchase.
09033631086

marrow
Guest

the guys who is saying TBC is a scam is actually sick …keep caling it scam okay when u will see the reality

Adams Jethro Ochoechi
Guest
Adams Jethro Ochoechi

Hello friend which did you advice one to invest in, since you said the billion coin is a scam?

amos ifeoluwa
Guest

hello if u re interested in buying tbc contact this number 09033635029

Amaechi
Guest

Whatsapp me on +2348061623161 for your tbc at no discount. You are rest assured that you are buying from a reputable tbc dealer and not from the wrong dealers that may result in having your account suspended.

Ede
Guest

Suspended How?

Edmund
Guest

Very correct… No discount please

Milky
Guest
Ede, none of these people who claim to sell TBC cheap can do that cos, they know the consequences. They know that a buyer here might report them and their accounts blocked including yours who bought at a lower price. It is in the agreement of the members never to devalue TBC or buy at a lower price.… Read more »
Frank
Guest
Your wallet may be frozen when you sell or buy tbc @ at a discounted price. Be careful to buy from people who stick to the rules and regulations. Meanwhile I am not selling mine now. So if you are interested in buying be sure to look for people you can trust. Otherwise they’ll tell you they have… Read more »
blessing charles
Guest

well when is the actual time to start selling TBC because i bought it with intention that it will add meaning to my living.

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