I have friends that invested, i feel sorry too.
This is what happens when you buy pre-mined coins.
Dont fall for this ponzi guys. A lot of those who post here pozitive about Firstcoin have affiliate links on vids and/or are heavily invested, so they are subjective and not with good intentions.
And always invest only what you afford to lose... lol.
Topic: AltCoin discussion - page 3. (Read 8096 times)
Feel sorry for all investers
1 DONT LET FUD = fear doubt and uncertainty
MAKE YOU SELL YOUR COINS REMEMBER MARKET GOES UP AND DOWN AND COINS WILL GO UP AND DOWN
2 Fear of missing out or FoMO
Most people brought coin at high should of Waited for drop now good time as price is cheap so buy and hold either on exchange or deposit in club now it's right price no fear of missing out for new investors but existing hold not fall prey to FUD
3 The coin like entire market will get better historically by end of 2nd or start of 3 rd financial quarter
Vid on first coin price prediction for coming year even if the worst happens
https://youtu.be/rlx_7awSnek
MAKE YOU SELL YOUR COINS REMEMBER MARKET GOES UP AND DOWN AND COINS WILL GO UP AND DOWN
2 Fear of missing out or FoMO
Most people brought coin at high should of Waited for drop now good time as price is cheap so buy and hold either on exchange or deposit in club now it's right price no fear of missing out for new investors but existing hold not fall prey to FUD
3 The coin like entire market will get better historically by end of 2nd or start of 3 rd financial quarter
Vid on first coin price prediction for coming year even if the worst happens
https://youtu.be/rlx_7awSnek
These guys are apparently from Hungary and scammed quite a lot of folks here.
We wrote about them at the beginning of 2017. A complete Ponzi and the people behind it will be persecuted.
http://www.bitcoinbazis.hu/firstcoin-piramis-jatek/
We wrote about them at the beginning of 2017. A complete Ponzi and the people behind it will be persecuted.
http://www.bitcoinbazis.hu/firstcoin-piramis-jatek/
there will be news shortly
stay in touch
I suggest to buy firstcoin in march something happen
stay in touch
I suggest to buy firstcoin in march something happen
Yeah... sure
no one is sure
but they are working a lot
but you are in firstcoin or just a bla bla man
there will be news shortly
stay in touch
I suggest to buy firstcoin in march something happen
stay in touch
I suggest to buy firstcoin in march something happen
Yeah... sure
there will be news shortly
stay in touch
I suggest to buy firstcoin in march something happen
stay in touch
I suggest to buy firstcoin in march something happen
I am joning this forum from Istanbul Turkiye and I have bought my firstcoins at June 2017 and the price was 2,2 USD. At this time being I am very glad that I made an investment at firstcoin . And I advised many friends also. And we have invested totaly around 400,000 usd with my friends and relatives.What I am pleased about this coin is, the publishers are always transparent and they keep their words so far. Now the price has reached 17-18 usd and we gained very good profit.
We have been asking about mobile applications and now they promised this also. The daily volume reached 1,5-2 million usd at exchanges which makes us also very glad.
I am still holding my coins and with my friends we will continue to hold them. At my company now I am starting selling my products with firstcoin also which will also forward me to make more investment to this valuable crypto .
We have been asking about mobile applications and now they promised this also. The daily volume reached 1,5-2 million usd at exchanges which makes us also very glad.
I am still holding my coins and with my friends we will continue to hold them. At my company now I am starting selling my products with firstcoin also which will also forward me to make more investment to this valuable crypto .
I really want to know the final outcome of your investment as well as your relatives investment,
Simplifying the Livecoin message = double entry bookkeeping.
1. Firstcoinproject
2. Firstcoinclub
This is cheating.
1. Firstcoinproject
2. Firstcoinclub
This is cheating.
Wrong, wrong, wrong!
You cannot compare Firstcoin to a normal crypto currency, even with a bad project. Firstcoin its a Ponzi and it is set to failure math wise.
Short ex: you go for 25k package. Your sponsor gets 20% affiliate commision and you get a 10% insta bonus, lol. You get a 7.5%/month for staking, so in 6 months they have a ROI of 75% (20+10+6x7.5), without their profits. Ohh… great...they must be some kind of markets geniuses. I wonder why Wall Street doesn’t hire them.
A ponzi goes down when there are not enough new members, and it goes exponentially.
So when they have 10 mil members for ex, they need at least 30 mil new signups next 6 months.. And then 100 mil, 500 mil etc..
And lets say bitcoin users gets to 300 mil people. Do we need more to sustain? No… and there is the difference between a healthy ecosystem and a ponzi sht.
If you believe that ATMs and Paulownia trees are projects to sustain that kind of grow then you are naive…
Transparency: Where are their invoices with Trees bought and ATMs? Who makes the ATMs? What stage are them? etc etc..
So obv its not a sustainable business model and as soon as people stop investing the pyramid falls.
I am sure in a max 3 months they will come with an announcement similar with bitconnect and davorcoin. They will say that its a lot of FUD and legal issues so they have to close the staking program. And will refund people with useless Firstcoins ...
Maybe even sooner... 1 month...
Sry for your loss.. GL next time!
You cannot compare Firstcoin to a normal crypto currency, even with a bad project. Firstcoin its a Ponzi and it is set to failure math wise.
Short ex: you go for 25k package. Your sponsor gets 20% affiliate commision and you get a 10% insta bonus, lol. You get a 7.5%/month for staking, so in 6 months they have a ROI of 75% (20+10+6x7.5), without their profits. Ohh… great...they must be some kind of markets geniuses. I wonder why Wall Street doesn’t hire them.
A ponzi goes down when there are not enough new members, and it goes exponentially.
So when they have 10 mil members for ex, they need at least 30 mil new signups next 6 months.. And then 100 mil, 500 mil etc..
And lets say bitcoin users gets to 300 mil people. Do we need more to sustain? No… and there is the difference between a healthy ecosystem and a ponzi sht.
If you believe that ATMs and Paulownia trees are projects to sustain that kind of grow then you are naive…
Transparency: Where are their invoices with Trees bought and ATMs? Who makes the ATMs? What stage are them? etc etc..
So obv its not a sustainable business model and as soon as people stop investing the pyramid falls.
I am sure in a max 3 months they will come with an announcement similar with bitconnect and davorcoin. They will say that its a lot of FUD and legal issues so they have to close the staking program. And will refund people with useless Firstcoins ...
Maybe even sooner... 1 month...
Sry for your loss.. GL next time!
I have been reading the posts for a while now and was not interested in posting anything but just want to share my personal experience, knowledge and research
I don't want to knock other coins, but if you do your homework and research hundreds of other coins including ICOs including the whole crypto market, you are investing on pure trust and belief with no proven track record, if this is a problem for you then DON'T INVEST IN ANY CRYPTOCOIN. In any type of business online or offline their are always uncertainties and risks, is anything ever guaranteed?
FirstCoin is just like any other coin, sometimes better then some others, at least people that are promoting the coin are not hiding away, especially the management board. So the coin has gone from $16 to $1 i know this is bad, but not the end of the world and not the end of FirstCoin, crypto's are here to stay. But most traders and investors always buy at a discount, so for experienced people,i think this is a good opportunity.
Who do we blame? if you think you have lost your money and want to chase the people promoting the coin or the management? I personally know people that have purchased Bitcoins when the price was $19k and today its about $10K... the same story for hundreds of other coins also... who should we blame? who should we get our money back from? did we not think the price can go down also? only up? do you believe it will go up again?
The US stock market crashed this month and droped 1500 points in one day! who do you blame? where do we complain or get our money back?
People need to understand the project and the coin before making quick judgement's.
The project has a platform where if you lock your coins for a period of time they will reward you back in coins every month, they are not paying interest, they don't state that they trade with the coins and yes they do give all the coins back that you lock in, i have got all mine back.
So you think its a Ponzi? please study the definition of a Ponzi scheme. The basics: you are taking money from new investors and using that money to pay off your old investors, in this instance you can see how a scheme is paying out to investors and where the money being paid out is coming from, the flow of money would usually be hidden from investors.
Unfortunately we now live in a world where governments use new TAX money to pay off old debt's, debt's which has been built up providing services back to the people, ponzi scheme? maybe, businesses always use new money to pay off the old, that's how most businesses operate.
FirstCoin they clearly state that they have premined the coins, meaning all the coins are in a reserve account (kind of like a bank pre printing money ready for distribution), so we know where the coins being paid out are coming from. They are using the platform to distribute the premined coins to people that have decided to lock their coins in return being rewarded more coins.
Remember you don't have to lock coins, they can be kept in the desktop wallet, platform wallet, on the wallet at yobit or in the coinomi wallet, they can be traded.
MLM Business model: Yes they have a part of the business which has a MLM structure to help promote the business, but its not compulsory like most MLMs. You don't have sign up anyone if you don't want to and are not required to do so, you are just given the option to do so if you wish in return for commission in coins.
Yes they have their flaws like any business, but i can see them trying to sort bits out. Crypto is a completely new business model, their ain't previous experience to go on or issues that can be expected, so most projects are going with the flow ironing out problems as they appear. We just need to be patient and support the project that we have taken part in and hopefully the price will increase over time.
FirstCoin has a huge offline community, I don't think many coins have a large offline community, that's why you don't find much information online, its all offline!
I don't work for the company, i am not a networker, I am not a paid promoter or anything to do with FirstCoin I am a offline business person with a Tech background who has invested in FirstCoin and i am just sharing my own personal experience and research into the Project for others looking for information, i am not a financial adviser, business adviser, or a crypto adviser.
I don't want to knock other coins, but if you do your homework and research hundreds of other coins including ICOs including the whole crypto market, you are investing on pure trust and belief with no proven track record, if this is a problem for you then DON'T INVEST IN ANY CRYPTOCOIN. In any type of business online or offline their are always uncertainties and risks, is anything ever guaranteed?
FirstCoin is just like any other coin, sometimes better then some others, at least people that are promoting the coin are not hiding away, especially the management board. So the coin has gone from $16 to $1 i know this is bad, but not the end of the world and not the end of FirstCoin, crypto's are here to stay. But most traders and investors always buy at a discount, so for experienced people,i think this is a good opportunity.
Who do we blame? if you think you have lost your money and want to chase the people promoting the coin or the management? I personally know people that have purchased Bitcoins when the price was $19k and today its about $10K... the same story for hundreds of other coins also... who should we blame? who should we get our money back from? did we not think the price can go down also? only up? do you believe it will go up again?
The US stock market crashed this month and droped 1500 points in one day! who do you blame? where do we complain or get our money back?
People need to understand the project and the coin before making quick judgement's.
The project has a platform where if you lock your coins for a period of time they will reward you back in coins every month, they are not paying interest, they don't state that they trade with the coins and yes they do give all the coins back that you lock in, i have got all mine back.
So you think its a Ponzi? please study the definition of a Ponzi scheme. The basics: you are taking money from new investors and using that money to pay off your old investors, in this instance you can see how a scheme is paying out to investors and where the money being paid out is coming from, the flow of money would usually be hidden from investors.
Unfortunately we now live in a world where governments use new TAX money to pay off old debt's, debt's which has been built up providing services back to the people, ponzi scheme? maybe, businesses always use new money to pay off the old, that's how most businesses operate.
FirstCoin they clearly state that they have premined the coins, meaning all the coins are in a reserve account (kind of like a bank pre printing money ready for distribution), so we know where the coins being paid out are coming from. They are using the platform to distribute the premined coins to people that have decided to lock their coins in return being rewarded more coins.
Remember you don't have to lock coins, they can be kept in the desktop wallet, platform wallet, on the wallet at yobit or in the coinomi wallet, they can be traded.
MLM Business model: Yes they have a part of the business which has a MLM structure to help promote the business, but its not compulsory like most MLMs. You don't have sign up anyone if you don't want to and are not required to do so, you are just given the option to do so if you wish in return for commission in coins.
Yes they have their flaws like any business, but i can see them trying to sort bits out. Crypto is a completely new business model, their ain't previous experience to go on or issues that can be expected, so most projects are going with the flow ironing out problems as they appear. We just need to be patient and support the project that we have taken part in and hopefully the price will increase over time.
FirstCoin has a huge offline community, I don't think many coins have a large offline community, that's why you don't find much information online, its all offline!
I don't work for the company, i am not a networker, I am not a paid promoter or anything to do with FirstCoin I am a offline business person with a Tech background who has invested in FirstCoin and i am just sharing my own personal experience and research into the Project for others looking for information, i am not a financial adviser, business adviser, or a crypto adviser.
Where the money?
CEO in 2016: Gabor Kisbenedek - https://www.facebook.com/kisbenedek.gabor
Support in 2016: Molnár Gergely Dávid https://www.facebook.com/M0GEDA
Marketing Director in 2016: Árpád Bernula facebook.com/profile.php?id=100014161925637
Master Distributor - joined february 2017. february: Alexandru Saiu https://www.facebook.com/saiu.alexandru
Are they taxing after the income?
CEO in 2016: Gabor Kisbenedek - https://www.facebook.com/kisbenedek.gabor
Support in 2016: Molnár Gergely Dávid https://www.facebook.com/M0GEDA
Marketing Director in 2016: Árpád Bernula facebook.com/profile.php?id=100014161925637
Master Distributor - joined february 2017. february: Alexandru Saiu https://www.facebook.com/saiu.alexandru
Are they taxing after the income?
What to do.. i have 5000 frst on my livecoin wallet
you can move to https://yobit.io/?bonus=wrQcr exchange or firstcoin wallet
What to do.. i have 5000 frst on my livecoin wallet
Perestegy Nagy Gyorgy - the owner of Firstcoin project
Bella Kisbenedek- Chief Executive Officer
Gabor Kisbenedek - Chief Operations Officer
Zoltan Toth - Kisbenedek’s family lawyer
All victims of this major fraud, please send an email to [email protected] to formalize our complaints as an organized group.
Bella Kisbenedek- Chief Executive Officer
Gabor Kisbenedek - Chief Operations Officer
Zoltan Toth - Kisbenedek’s family lawyer
All victims of this major fraud, please send an email to [email protected] to formalize our complaints as an organized group.
https://www.livecoin.net/en/news/view/611
FIRSTCOIN NEWS
Created 16.02.2018 16:26
Dear clients, please withdraw your FRST coins til 26/02/2018. FRST will be delisted on that date.
The reason for delisting is requests from police authorities from at least 2 countries at this moment and 1 open case. We're not authorized to disclose any details of requests or case, please don't ask us, we can't do that. The only one thing we can say is that we are fully cooperated with legal authorities, because we are strictly against using of our platform to money laundering, financing of terrorism, or any other illegal activity.
Another reason is reversed (declined) transactions. We'll try to explain in plain. If you control the network of any coin, you can send a transaction to recipient (to Exchange, for example), wait for processing and crediting of this transaction and then make a fork to remove this transaction from blockchain. Thus you double your money, because your account on Exchange still has this transaction. This is what happened with FRST network not once, but constantly. We don't know who is responsible for this fraud, malefactor or legal owner, but outcome is the same in both cases.
THE END!
FIRSTCOIN NEWS
Created 16.02.2018 16:26
Dear clients, please withdraw your FRST coins til 26/02/2018. FRST will be delisted on that date.
The reason for delisting is requests from police authorities from at least 2 countries at this moment and 1 open case. We're not authorized to disclose any details of requests or case, please don't ask us, we can't do that. The only one thing we can say is that we are fully cooperated with legal authorities, because we are strictly against using of our platform to money laundering, financing of terrorism, or any other illegal activity.
Another reason is reversed (declined) transactions. We'll try to explain in plain. If you control the network of any coin, you can send a transaction to recipient (to Exchange, for example), wait for processing and crediting of this transaction and then make a fork to remove this transaction from blockchain. Thus you double your money, because your account on Exchange still has this transaction. This is what happened with FRST network not once, but constantly. We don't know who is responsible for this fraud, malefactor or legal owner, but outcome is the same in both cases.
THE END!
seems to be a scam project? please clarify
this project is a scam, do not invest.
the coin is fine the earlier investors will reinvest as they made a profit and its cheap to buy it will go up to 6-7 dollars soon also firstcoin not only coin which has had loss in value look at the entire market, the first quarter is always bad and yes when people sell price does go down but that is natural market forces at play at some point everyone sells so not a concern at all, in fact best time to buy now
Jump to: