Topic: E-dinar is scam coin?? - page 3. (Read 14788 times)

In some places at the beginning of this project, some people said that they were a pyramid scheme and potential scam, you should do your research and draw your conclusions! 

People her eon Bitcointalk really knows a scam mlm coin when they see one,this is a good reference for those who will ask if e-dinar is a legit coin or not,many facebook users are deceived because of the fake value and volume of this coin and the other mlm coin as well.

also... u know, when robert fletcher eagerly advertise some financial scheme ))))))))))) well........... give me a break!

https://www.youtube.com/watch?v=mgODay-yyfs

edinar it total scam. it has no any property of real crypto currency? open code? white paper of tech stuff? dev team is open for discussion?

well... edinar started as PONZI that i personally lost 1300 USD. moreover, they silently converted my 1300 EDR to 1.27 EDC abd when i asked support WTF they just shut me down )))))))

moreover, check their site... there is only one exchange that works with edinar, the rest on yobit where everyone can present its currency (this is russian trading platform and they don't care what and who are trading there). moreover, edinar except yobit and their own edinar market aren't traded NOWHERE!

is this not enough... then here are some links in russian where people are screaming about scamming and put their real cases when they lost money. is that not enough for u? )))))))

keep watching and u shall see how this scheme will ruin one day as OneCoin and lot other hype... edinar, so far, the most successfull.

also, here is some good research of what is edinar is:

http://behindmlm.com/mlm-reviews/e-dinar-review-edr-unit-ponzi-points-cryptocurrency/

check these links:

http://mmgp.ru/showthread.php?t=470963&referrerid=377231
https://gain-profit.com/obzor-i-otzyvy-o-e-dinar-e-dinar-io/

nobody, who is more or less reckon cryptocurrency don't see anything related to real crypto in edinar. SCAM SCAM SCAM!

i am really eager to get into some edinar big event, and when they will advertise their scam i want to ask all these questions.... just waiting for right moment.

Actually, all altcoins even bitcoin itself if we are going to look at it, well literally all of it they are pyramid scheme. But no need to be confuse about it, as long as you see that there are investors continually investing or rolling up to that things just go with the flow in trading. And referring to our friends is just a part of their program project. Besides E-dinar has been build for a couple of months, which means anyhow it is one that can be consider as good to invest in.

If we talk about ponzi, then the rules of this forum will obviously say no. And if we use behindmlm.com as a primary source of news, it is clear they also would say no. Behindmlm hate the whole business is included in the HYIP category, because they paid for it.

Although not all of their opinion is wrong. But many of their analysis to embarrass themselves. Examples of their discussion about Herbalife, Onelife /onecoin, and Futurenet, 3 types of businesses grow stronger until now.

As a trader, we thought it was quite simple, hundreds of kinds altcoin affect the value of bitcoin. and we can see Edr traded in yobit market, and are on the list of coinmarketcap. We could have traded there, and a lot of profits to be gained, and it was better than we were busy screaming about scam and so on.

Indeed EDR system using the binary/ponzi for passive income. But one of the profit earned comes from mining invest (0.65%/day). It wasn't wrong in the world of marketing. I'm not defending either side, but I want you to be smarter and maximizing the potential of all existing altcoin.

After reading reviews of forum user about EDR its taking me to conclude EDR is ponzi. As per my acknowledgement no altcoin can sustain with mlm or network marketing. In such ways of promotion certain users only get higher share and revenue but the last person who gets involved in such schemes get lost their equity.

So my honest suggestion is think twice before making any financia transactions for such mlm based cryptocurrencies.

i think i can not believe that we can get 4-5% for every 7 days and maybe its like the other of MLM programs that scammed many people so i think you should be careful when you decide to join with their programs. you need to learn about their programs with details before you join and you need to read the reviews from other people so you can know how good the programs. but for me, i think i don't want to join any programs that looks suspicious for me and better i played safe for my bitcoin.

I also believe that they are a scam site the first time I saw it,but afte a few weeks of watching their volume I have second thought,I'm wondering how many whales are now playing with this coin,
They had a very huge volume https://yobit.net/en/trade/EDR/BTC

pure SCAM i confirm:

1. establishing EDR was made using E-DINAR HYPE that has stolen money and now built next HYPE called EDR coin
2. EDR coin isn't crypto currency at all: it doesn't have any params of cryptocurrency


Stay away either totally recon this is HYPE that can SCAM at any moment...

its a pure scam,be smart where you invest money!

I've been staking EDR for quite some times and so far so good. This is my finding:

1. Very low risk, the coin stays in your wallet and you can sell it whenever you like
2. The volume is good: Easily 1000 btc daily http://coinmarketcap.com/currencies/e-dinar-coin/#BTC
3. Staking return is reasonable : 0.65% daily or about 20% monthly
4. Listed on several exchanger, the biggest volume on yobit
5. Xtra income for those who like to promote the coin

To me this is a lot safer than the so called cloud mining since the coin is in your wallet and you can even sell it 5 minutes after you bought it

For those who say they have been scammed, please share with proof.

Thanks

E-Dinar, Leocoin, Onecoin === SCAM! STAY AWAY!

Cryptocurrencies are not supposed to be a MLM business, the ones promoting this kind of scam are the only one gaining money using the same old schemes

Crypto is supposed to liberate us, not to enslave us in a Multi Level chain of scammers

yes! this is exactly what it is... i also lost on EDR scam almost 1300 USD.


STAY AWAY! here is another topic in russian from the biggest fintech forum in ru-net: http://mmgp.ru/showthread.php?t=470963

EDR & E-DINAR COIN, (which was EDR before) is a fraudulent crypto scheme. DO NOT TOUCH IT!

I know many people, also myself, that lost $1000s as the company delivered 0.65% per day for 3 months on the EDR but they recently changed everything (August) to EDC which they say is registered to various crypto exchanges - which show very little volume of trade (exrates & alcurex) - the total volume dropped 98% since it was trading with EDR. Price was artificially high as they released the EDC. This is easy to see in hindsight now but not at the time.

They converted everyones EDR to EDC giving the EDR a value of 1/1000 of EDC. So if you invested $1000, then your EDR would be worth only 1 EDC. No one informed participants of the change and their website said 2 years to 22 Million mining and then changed to 22 Billion.

There are no head of company you can contact and you solely rely on the person who introduced you the EDR/EDC coin.

Do not touch E-Dinar coin at all. I know several people now have contacted the authorities but I doubt there will be any recourse as the head of the companies are hidden.

Please pass this message around as people are right this is a MLM type setup and the people involved are all from that industry trying to cash in and target newbie people in the cryptocurrency market.

"people from mlm are now  invading the crypto currency industry because they knew there is a lot of money"

in general most of these mlm types get no access to the crypto space
E-dinar appears to be one that has gained some access to multiple exchanges
this coin runs crazy trade volume, and helps keep the lights ON for the 2nd tier exchanges
but anyone with IQ above room temp knows this coin is crap (and faked volume)
also note the insane spread, given the high trade volume

the red flags are all flying

my read is that the 'con' is with the highest buy bid exchanges;
which likely have measures to prevent actual withdraw (via GOX playbook)
and the other exchanges are allowing freemarket discovery,
but there is a ton of BTC backing the hustle, hence the wild prices/vol.

oddly enough this 'show' might eventually launch a fair POS coin/network
if and only if some market bottom holds after the rug gets pulled

It's 100% mlm and investment program no doubt about it if you know how crypto currency works this kind of program is not for you,this people from mlm are now  invading the crypto currency industry because they knew there is a lot of money to be made here..

4% to 5% interest every week and a multilevel referral programme are clear signs of a fraud.

FYI

http://behindmlm.com/mlm-reviews/e-dinar-review-edr-unit-ponzi-points-cryptocurrency

Imagine reading this if someone else wrote it, I dont even know the coin , ive never even heard of it but your explanation of how it works shouts out ponzi right away. Its not to say theres no money to be made in it but like all these things unless your one of the earlier adopters then chances are your going to go down with the ship.