<p>Onecoin is not only a scam it is a criminal organization. The have stolen a lot of money from their customers. <a href="http://rettit.no/mrbitcoin/index.php?title=OneCoinSCAM" rel="noreferrer">http://rettit.no/mrbitcoin/index.php?title=OneCoinSCAM</a></p>

CC BY-SA 3.0
2017-05-15T07:05:06.690Z
Thank you. But if they are criminal then why they still have valid website where we can do purchase. I am bit worried about that
Pir Fahim Shah
CC BY-SA 3.0
2017-05-15T07:26:19.203Z
"If they are criminal then why they still have valid website" - If you assume that criminals can't have websites, I would suggest you stay off the internet.
Pieter Wuille
CC BY-SA 3.0
2017-05-15T10:13:46.837Z
I know more than the average person about cryptocurrencies, however I found the linked page confusing and without a clear credible explanation of what is wrong with OneCoin. Instead there was an extremely tl;dr analogy involving fish, links to Youtube videos, transcripts of chat conversation, a request to fund someone's legal costs... If there is a better simple explanation of why OneCoin is a scam you should post it.
jwg
CC BY-SA 3.0
2017-05-15T15:15:45.710Z
@PirFahimShah See, for example, Daily Mirror *"[Who wants to be a OneCoin millionaire? YOU don’t - here’s why hyped-up web currency is virtually worthless](http://www.mirror.co.uk/news/uk-news/who-wants-onecoin-millionaire-you-7346558)"* or Wikipedia *"[OneCoin is a Ponzi scheme ... several members and investors of OneCoin were arrested in 2016](https://en.wikipedia.org/wiki/OneCoin)"*
RedGrittyBrick
CC BY-SA 3.0
2017-05-16T11:39:50.323Z
I am currently working with authorities around the world to help them understand the complexity of this scam when it comes to blockchain. The point is that OneCoin operates as a Central bank PRINTING 1billon Euro every 36 hours. They currently do not run on a blockchain and have not done so sin they started almost 3 years ago.
Bjorn Bjercke
CC BY-SA 3.0
2017-05-15T07:01:00.193Z
2017-05-15T07:01:00.193Z
Bjorn Bjercke
<p>I am a professional software engineer and freelancer. I have heard about Bitcoin (and recently OneCoin) a long time ago, but I was not interested to indulge in this business.</p>

<p>Now, a few days ago a friend of mine told me that he has started this business (one coin) and he is purchasing OneCoin and in next year he will be able to earn enough money while selling the coins he would have purchased. I don't know if this business is good for me or not.</p>

<p>Should I start to buy OneCoin, since I am new to this business?</p>

CC BY-SA 3.0
2017-05-15T18:41:32.823Z
You write "Bitcoin (currently Onecoin)". This makes it seem like Onecoin is somehow related to Bitcoin. It is not. Bitcoin is the world's first decentralized digital currency (and is still called Bitcoin), and Onecoin is a scam.
Meni Rosenfeld
CC BY-SA 3.0
2017-05-15T23:01:35.733Z
Related: [Onecoin vs Bitcoin](https://bitcoin.stackexchange.com/a/43296/5406) (TL;DR: Onecoin is a pyramid scheme scam.)
Murch
<altcoin><investing><fraud>
Should I start to buy OneCoin?
Pir Fahim Shah
# Should I start to buy OneCoin?

(Asked by: username_0 on 2017-05-15)

I am a professional software engineer and freelancer. I have heard about Bitcoin (and recently OneCoin) a long time ago, but I was not interested to indulge in this business.

Now, a few days ago a friend of mine told me that he has started this business (one coin) and he is purchasing OneCoin and in next year he will be able to earn enough money while selling the coins he would have purchased. I don't know if this business is good for me or not.

Should I start to buy OneCoin, since I am new to this business?

**Tags:** altcoin, investing, fraud

> **Comments:**
> **username_1**: You write "Bitcoin (currently Onecoin)". This makes it seem like Onecoin is somehow related to Bitcoin. It is not. Bitcoin is the world's first decentralized digital currency (and is still called Bitcoin), and Onecoin is a scam.  
> **username_2**: Related: [Onecoin vs Bitcoin](https://bitcoin.stackexchange.com/a/43296/5406) (TL;DR: Onecoin is a pyramid scheme scam.)  

---

## 1 answers

### Answer by username_3 on 2017-05-15. Score: 8

Onecoin is not only a scam it is a criminal organization. The have stolen a lot of money from their customers. <http://rettit.no/mrbitcoin/index.php?title=OneCoinSCAM>

> **Comments:**
> **username_0**: Thank you. But if they are criminal then why they still have valid website where we can do purchase. I am bit worried about that  
> **username_4**: "If they are criminal then why they still have valid website" - If you assume that criminals can't have websites, I would suggest you stay off the internet.  
> **username_5**: I know more than the average person about cryptocurrencies, however I found the linked page confusing and without a clear credible explanation of what is wrong with OneCoin. Instead there was an extremely tl;dr analogy involving fish, links to Youtube videos, transcripts of chat conversation, a request to fund someone's legal costs... If there is a better simple explanation of why OneCoin is a scam you should post it.  
> **username_6**: @username_0 See, for example, Daily Mirror *"[Who wants to be a OneCoin millionaire? YOU don’t - here’s why hyped-up web currency is virtually worthless](http://www.mirror.co.uk/news/uk-news/who-wants-onecoin-millionaire-you-7346558)"* or Wikipedia *"[OneCoin is a Ponzi scheme ... several members and investors of OneCoin were arrested in 2016](https://en.wikipedia.org/wiki/OneCoin)"*  
> **username_3**: I am currently working with authorities around the world to help them understand the complexity of this scam when it comes to blockchain. The point is that OneCoin operates as a Central bank PRINTING 1billon Euro every 36 hours. They currently do not run on a blockchain and have not done so sin they started almost 3 years ago.  

---

