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10 Reasons why The Billion Coin (TBC) is a SCAM

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. 

10 Reasons why The Billion Coin (TBC) is a SCAM
The Billion Coin Scam Review

 The Billion Coin 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.
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.

 

10 Reasons why The Billion Coin (TBC) is a SCAM
TBC The Billion Coin review Scam 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.

What is The Billion Coin?

The Billion Coin is fully decentralized peer to peer crypto currency somewhat like bitcoin but it operates on its own principle,  created with a concept of ending poverty globally and having a formula whereby its value grows based on the billion coin’s community growth.

You May Also be Interested in:
1BTC= $6,521.68 | PERFECT METHOD TO EARN FREE BITCOIN

 

Why is The Billion Coin 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 cannot sell their coins anywhere. There’s actually no legit exchanger for the billion coin, a quick search on google will reveal to you.


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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. Its 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 forever.

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.

10 Reasons why The Billion Coin (TBC) is a SCAM
You are not a trusted seller of The Billion Coin (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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Joseph Ibezim

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

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343 Comments

  1. I’m scared about this information because I just invest into TBC,I.mean I’ve bought a wallet with about 100,000k

  2. it is not listed because it is not a crypto currency it is a fiat money and the wallet is managed by its owners because thats how its suppose to be,our wallet does not have same amount of tbc in it,those that joined early got to purchase more than those that purchased just recently,we were never scammed in the first place what is 10usd for a lifetime payment for the wallets to store in the tbcs we got,atleast we tried than like of that bank employee that has 800 usd and didnt even try to invest in bitcoin before because bitcoins was tagged as scam as well,tbc has been almost 3 years already this coming first quarter of 2019,if its a scam why is it still here? scam cryptocurrency just vanish into thin air but tbc is still here and members keeps growing,bitcoin was on its 4th year when an exchangers accepted it. just saying

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  4. I want to invest in TBC but like my other investments I never dive blindly as if playing a game of dice. I see TBC experts posting here so please give straight answers to **VERY BASIC** information:

    1. Who are the people controlling TBC? Here I mean the top brass, i.e. the principal owners and board members and not the guy who invited you.
    2. How is their profile? Solid investing experience? Trustworthy? Honorable?
    3. What’s their addresses?
    4. Can you verify if information about them are genuine? Example, have you visited their office? Can you post videos of you and them together?
    5. Is TBC a registered firm? In which country?
    6. What protection do investors have in case of insolvency?

    I can invest 100k to 250k USD initially but I need answers first.
    If I’m convinced this is stable opportunity I will buy the sell offers here up to my initial limit and maybe even much more.

    I need facts. I don’t need your guarantees.

    1. hi Mr Ming Chan I have answers to the questions you asked on TBC , reply my e-mail or message me on WhatsApp +2348128377164

  5. The tbc004.net is down. What really happened? Does this mean folding or that the site is really temporarily down. I’m confused

  6. Good morning Ladies and gentlemen.

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  7. Hi please we’re can I give a complain to this crypto currency there is a site called flashbits.pro who has taking ma money .can anyone help me out

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