Today’s Review compares SwissCoin vs. Bitcoin two cryptocurrencies in the blogosphere.
If you are looking for more information about Swisscoin you are not alone. The Swisscoin website provides no information at all about their opportunity and consist of basically a signup page.
When a company does not publicly reveal information about how they operate their business it’s usually because they have something to hide.
Swisscoin offers no retail products. All products and services offered by swisscoin ( training packs ) are only available to be purchased by and from affiliates.
Swisscoin Compensation Plan
The Swisscoin compensation plan is based on investments in tokens as follows:
Trainee ( 25 Eur) – 200 tokens
Tester-50 ( 50 Eur) -500 tokens
Tester-100 (100 Eur) -1,000 tokens
Tester-250 (250 Eur)-2,500 tokens
Tester 500 (500 Eur)-5,000 tokens
Trader 1000 ( 1000 Eur)- 10,000 tokens
Crypto Trader ( 2500 Eur)-25,000 tokens
Crypto Maker (5000 Eur )-60,000 tokens
Crypto Broker (7500 Eur)-90,000 tokens
Crypto Manager (10,000 Eur)-120,000
Crypto Director (15,000 Eur)-200,000 tokens
These tokens are later converted into Swisscoins which are a digital currency developed by Swisscoins.
The value of a swisscoin is solely set and established by the owners of Swisscoin and Swisscoins are not available for purchase by the general public. Therefore Swisscoins have no real external value.
We have seen it all before. Swisscoin is another case of an MLM company attempting to capitalize on the allure of cryptocurrency though the company actually has nothing to do with digital currency at all.
Essentially affiliates are investing in a fake currency that does not exist outside of the Swisscoin ecosystem and worse the value of this fake currency is an arbitrary number set by the company.
Swisscoins are not traded on any crypto exchanges and cannot be used to purchase anything outside of the Swisscoin website.
In short, Swisscoin is a scheme designed to prey on unsuspecting investors and crypto newbies and and separate them from their hard earned money. As a former investor always remember the old adage . “If it sounds too good to be true,it probably is”
I personally won’t be investing in Swisscoin and I would wisely advise my readers (big cashers) who sent questions and comments to me to think about it long and hard.
Website : Bitcoin.com
Introduced : Oct 31, 2008
Started by : Satoshi Nakomoto
Bitcoin is a cryptocurrency and a payment system invented by an unidentified programmer or group of programmers under the name of Satoshi Nakamoto.
Bitcoin is the first decentralized peer-to -peer payment network that is powered by its users with no central authority or middlemen. By analogy it is like being able to send a gold coin via email.
It enables value to be transferred over a communications channel. Transactions are made with no middlemen so anyone can transfer money anywhere in the world without using any centralized service like a bank or Paypal.
Bitcoin is the first cryptocurrency or digital currency yes it’s an invention of the internet.
Basically someone out there thought “hey what if we create a system where money is not bound by geography, like the internet and shabam now we have 1,000’s of cryptocurrencies going around.
Not all cryptocurrencies are created equal. Some feature amazing blockchain technology behind it’s creation. Some were created “just because” or as a joke. Some were part of an elaborate pyramid scheme.
Some are pretty useless to keep as they are perceived as worthless — any cryptocurrency is only as valuable as the value assigned to it by a mass audience.
Like any other asset (think of stocks or property) it’s price can rise and fall quickly making them volatile and risky investments.
I decided TO DIG DEEPER and to ask two experts Roger Justin Noah and Arjay Anand the question “What do you think about digital currency like Bitcoin and Swisscoin ?”
Roger Justin Noah a well respected West African from Cameroon and Bitcoin expert.
Bitcoin is the reference cryptocurrency of the world started on 3 January 2009. While Bitcoin has a capitalization of $ 10.111 billions as of today .
Swiss coin is a frail currency with a capitalization of less than a million dollars for a 24 h volume of less than $ 23,000.
Therefore it is a no-name in the industry. If you want to invest in a cryptocurrency,please consider Bitcoin or any other currency with a capitalization of at least tens of millions of dollars and hundreds of dollars in 24 h volume.
I would recommend buying and using Bitcoin. Swisscoin not so much.
According to Mr. Anand and Mr. Noah ,Bitcoin seeems to be more stable and IS the premier cryptocurrency. I would advise that everyone do their own due diligence before making any purchase.
Read this post Is Swisscoin a Freakin Scam?
That’s it for today and I want to hear from my readers .Leave me a comment below who do you recommend Bitcoin or Swisscoin?
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