Question

Is OneCoin a legitimate or scam? One of my friend going to make some heavy investment in it? Any kind advice for him?

Answer 1

Its definitely a pyramid scheme.

Comments

I have just gone through the definition of "Pyramid scheme". So what is the advice for him? Mujay maar na paray bhai baad ma :D

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Its a big no no. Once you have your money tied in there is no way out and you have to pull in others to make some money. Even if you do end up making something out of it( some people always do in pyramid schemes), you do so at the expense of others. Its like i fooled you so now you fool others to make some money

Answer 2

https://pakorbit.com/2017/05/bitcoin-illegal-pakistan-banks-advise-stay-away-currency/

Comments

There is difference in bitcoin and onecoin.

Answer 3

Crypto currency and pyramid schemes are separate things

Comments

In this case its the same.

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I am trying to say that priorities of a pyramid scheme is different. It can not act like a some other company/currency in this case. As no pyramid scheme is able to replace any traditional business even after operating 2 decades.

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Sorry to break it to you. But its not even a cryptocurrency :D

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Yup that's I was saying :)

Answer 4

Nargis Tahira

Comments

Don't know much about it, but it seems like a scam, https://www.quora.com/What-is-OneCoin-and-is-it-legitimate

Answer 5

https://en.m.wikipedia.org/wiki/OneCoin

Answer 6

It's a Ponzi scheme

Answer 7

It's a bubble A big No

Answer 8

bhatti sab ubi time ni investment ka

Answer 9

Don't do it.

Answer 10

Rais Umar

Answer 11

Asim

Answer 12

Bhatti sb. Ap or apke falahi kaam. Hats off :D

Answer 13

Kr lo bhat faida ho ga INSHALLAH

Comments

Can you please elaborate it?