Cryptocurrency

10 Reasons why TheBillionCoin(TBC) is a SCAM

(Last Updated On: October 19, 2017)

In this post, I’ll tell you why I think theBillionCoin 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 Scam- Self Acclaimed Cryptocurrency

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 continue 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. There’s actually no legit exchanger for the billion coin, a quick search on google will reveal to you.

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?

7. It has a bad reputation on Reddit and on the Bitcointalk Forum.

8. Users get banned without Warning. It’s users have complained about their accounts being banned without warning, this might happen when they sell their coins at a cheaper rate or whatever reason they choose to ban for. You will lose your coins for ever.

Updated:

9. After the TBC upgrade, TBC has blocked the SEND BUTTON on all user accounts and you’re required to pay an Annual fee of $10 before you can become a Trusted Seller.

You are not a trusted seller of TBC

You are not a trusted seller of TBC

10. TBC – TheBillion coin is not Open source, it has no roadmap, it is being controlled by it’s owners.

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 an Internet scientist by mind and founder of Xtrahola, Inc. Lover of all things tech, and general geekery.

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236 Comments on "10 Reasons why TheBillionCoin(TBC) is a SCAM"

avatar
Maxwell
Guest

I thought so too, this is a very creative article.

Warlock
Guest

While I agree it is scammish, it is currently being mined at 500 TBC per block: http://tbc001.net:4444

Bleguin
Guest
I think that you are a newcomer in this domain of cryptocurrency. Anl cryptocurrencies need in their beginning the powe of circulation , the power of sharing and this dermines if they can influence themarketor not. Do you know the story of Bitcoin? go to your book and researches and read ! In the begining of BTC many… Read more »
Joseph Ibezim
Guest

Thanks for your info.

Abolarinwa Cecilia
Guest

Joshua Ibezim sit there and we continue to be millionaires . I can’t believe I am a millionaire at 28!!!!

Gboi
Guest
I guess you sold your coin to unsuspecting members. if not , show proof on how you made the said amounts? The point raised by Joseph are valid! NOTHING in the financial market goes up continuously! New cryptocurrencies are registered with coincap eg: zcash? What sort of excuse is next year? I am on a tbc group that… Read more »
Announcer
Guest

Don’t be daft and self-centered, you are talking about decentralization and registration? All firm has their own strategy and style of operation. Just wait and see. Just think it worth taking a shot.

Real548
Guest

But what can you say about the exchanging of lands,laptops,products,etc using TBC nowadays? Do you know that??

Akingboye
Guest

Please privately e-mail me,i want you to teach me how.

kakainta@yahoo.com
Guest

hello, please how can i trade my TBC?

Raymond
Guest

Wow! Great great! I was almost believing this man’s write up, I prayerfully want TBC to be real so God can bless young me from there. I started doing bitcoin transactions when it was 220 naira per $ and now it is 1200$ + I know TBC will be same too. I would appreciate seeing u reply thanks

Peter
Guest

Very true

Akorede
Guest

Bleguin I need info on how to make money on TBC

Tony
Guest

Pls, guy! I have 50TBC for sale incase you want to buy. ₦3,000 per 1TBC.

sunny
Guest

Ur contact . I want to buy.

lilian
Guest

am intrested abeg,give me your contact

anu
Guest

if you are still interested, you can message me

Bunmi
Guest

I want to buy.
Send me an email

Bona Ossy
Guest

really, tell me more

Umeshbhusal
Guest

Yes.. Agree With You.. It’s A Beginning Of TBC

Real548
Guest

TBC are now use in exchange of lands. You want proofs? Then visit the fb pages of TBC . tsk. Thats the latest news. You can now also buy a laptop and products using TBC. AND THAT’S THE REALITY

Ericson
Guest

Belgium.. Kindly message me on [email protected] . I want to learn from you.

Jerome
Guest

Bleguin please message me, I want to know more.

Nate
Guest

If u want more about TBC. Contact me. [email protected] I’ve been in this for long to know it’s real. Some people will say it’s scam, well, what do u know until you try.

Bobo
Guest

I must say that there Is nothing wrong in saying wats on ur mind, but instead of channeling all your energy to wat is negative while don’t you put it on something positive so to attract good stuff, weather is a scam or not millionaires are being made.

Lee
Guest

Bleguin: kindly private message me. i wanna learn more.

Timothy
Guest

Blaguin please send me a private message i want to learn more

Uche
Guest

Blegiun, please I need to learn more from you. Please send me a private mail.

Akingboye
Guest

Bleguin,could you send me a rtivate e-mail,i need to learn from you,thanks

Dlectura
Guest

Let’s wait and see if it’s a scam or not, funny enough I got 1tbc for 1k, I’m playing smart not to lose out if it turns out to be a bad investment.

popdav
Guest

please how can i get the said TBC i really want to buy it. I know someday it will become viral and i want to invest in it now. thanks.

Matcha
Guest

Email me @ [email protected]

christy
Guest

i have some coin for sell, pls contact me or whatapp on *number hidden*

Jennifer
Guest

How much are you willing to sell per coin? Plz email me on jenniferi*hidden*

Museer
Guest

1 TBC available only for 10 $

Agi
Guest

If you really want to buy tbc contact me or call
+2348033171965

ajao kolapo
Guest

your num pls

afiamarth
Guest

Join the discussion I want to buy pls

bunmi
Guest

Email [email protected] [email protected] I have more Dan enough.

Emmadu
Guest

Pls send me details of your transactions and price of your TBC

Raymund
Guest

pm me @ I sell thousands of TBC for affordable price!

Jombo Michael
Guest

Just WhatsApp me if you need it, I will send you the coin and if you get it you can pay me. WhatsApp via *number hidden*

gbenga
Guest

hi i need it,

lilian
Guest

where your number now

achi christian
Guest

Hi i need it and i know people who need it too

achi christian
Guest

08130004639 please whatsapp me

Agi
Guest

contact me on 2348033171965 to get your TBC

ghost
Guest

If uneed tbc chart me up

ghost
Guest

If u need tbc chart me up 23408143157755

promise
Guest

call me if u want tbc

promise
Guest

or email me

Gabcoins
Guest

You can chat me up, if interested…

Jhiecel
Guest

hey do you want to buy tbc? im selling some of mine. email me if you’re interested.

Ayoade
Guest

you can chat me up on whatspp for the purchase of the tbc,,,,I have it in bulk for sale,,, *number hidden*

Stevkings
Guest

Inbox me privately I have some to sale
My email *hidden*

Agi
Guest

If you really want to invest in tbc contact me

Real548
Guest

Contact us

oba
Guest

Call on this number 0806228247 or chart me up on whatsapp for those who want TBC

Ose
Guest
Popdav, pls go to the TBC site. However if you haven’t bought till now, I have people who can sell to you, I have more than one, but I’m not aire I’m ready to sell just yet. The smart thing to do is wait for new Cryptos and get them for almost nothing and wait what happens. I… Read more »
Chukwubuikem Igolo
Guest

I got 2 TBC for 1K.

Chukwu maria
Guest

Pls where did u buy it

Agi
Guest

whatapp me on 2348033171965 buy TBC

ajao kolapo
Guest

pls your num or flash/text/whatsapp me pls *number hidden*

atenistaccc
Guest

Very impressing article that couldn’t be FACTS, soo you “think?” and that is how you think it’s a SCAM? I require you to make a broader research bro and find another way to stop against The Billion Coin.

Theophsek
Guest
Tbc Thebillioncoin SCAM REVIEW!!! Hello, Why are people so ignorant of what they see is true? Today we shall break down our thoughts about TBC Thebillioncoin so you can decide for yourself. TBC SCAM REVIEW TBC coin is a cryptocurrency invented on March 21st, 2016. Since its invention, there has been a lot of tension and speculations due… Read more »
Raymond
Guest

Awesome!

Cryptogeek
Guest

Wow, don’t mean to be rude but u sound brainwashed…

Cryptonaire
Guest

And I’m sorry too. You’re too myopic to see. Can’t think outside the box

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