The Billion Coin (TBC) Review – How a Scam Goes Bust

The following article reflects the author’s opinion alone and is not investment advice.

There’s been quite the buzz over a coin called The Billion Coin (TBC), so I decided to dig a little deeper to see what all the fuss was about. TL;DR version: It’s a scam. Stay away at all costs.

The actual market cap of TBC

When I perform research on potentially profitable cryptocurrencies, I start by looking them up on Coin Market Cap. It’s a nice way to check out a coin’s price, volume, and history, and it has links to various resources about any given coin.

Unfortunately, I came to a dead end right from the get-go, as TBC isn’t listed there. No big deal—there are a lot of brand new coins that aren’t listed yet, and truthfully, finding a coin in its infancy has the potential to offer 10x the profit.

So Is TBC One of These 10x—or Even 100x—Coins?

Now let’s check and see if The Billion Coin is on World Coin Index.  Again, no luck: it’s not listed there either. So it’s time to run a Google search and check out their website, TheBillionCoin.info. At first glance, it appears to be one of those cheesy slider WordPress themes that no one uses much anymore, at least not anyone who’s running a cryptocurrency promotional website.

On the site, the makers claim that The Billion Coin has a market cap in fourth place behind Bitcoin, Ethereum, and Litecoin. That seems like a stretch considering I hadn’t even heard of TBC until a couple of days ago. Given the fact that I study the crypto industry day in and day out, I’m going to guess that is a lie. If that were indeed true, TBC would be listed on Coin Market Cap.

TBC 4th place

The next image on the slider says “Get out of debt fast.” It seems like they’re preying on the emotions of desperate people—a classic telltale sign of a scam. The picture of the woman cutting up her credit cards is what anyone thinking about buying this coin should do so they don’t end up losing everything they have.

tbc get out of debt

It gets even worse. According to the website, the current price of 1 TBC as of a few days ago was allegedly 68.2 Bitcoin—roughly $286,000.  However, today, the website claims that 1 TBC is worth 105.93 BTC. So the price of each TBC is 105 BTC, yet it isn’t even listed on Coin Market Cap? It’s almost comical that anyone would think this is true.

TBC BTC value

Apparently, The Billion Coin can be purchased and sold on the site’s exchange, but only there and nowhere else. There’s a page, and even a YouTube video (which, not surprisingly, has comments disabled), on the website dedicated to buying and selling TBC on the exchange. However, the actual exchange is “offline for maintenance,” so who knows if it was ever online to begin with.

The main question remains: why isn’t TBC exchanged on public exchanges like every other cryptocoin?

It should be clear at this point that anyone who is thinking about buying TBC should steer clear. However, those who still have a shred of hope in this project should read on.

The Billion Coin website

According to its website, TBC is going up 2% per day, every day. In other words, the creators of this scam claim that the price never drops and always goes up. That’s not logical at all if the market dictates the price.  Markets go up, and markets go down; this is why the logic behind perpetual profits is fallible.

TBC 2% interest

According to the TBC website, original stakeholders who purchased €100 of TBC on March 21, 2016, all received 10,000x gains in six months’ time and are millionaires. The site goes on to say that anyone who purchases soon will earn similar gains. Finally it says, “Buy as much TCB as you can afford today. The price of TBC will never be this low again!”. There’s also a video version of this post narrated by a $75 spokesperson on Fiverr.

TBC fiverr gig

As we stated before, at the time of writing, the alleged price of 1 TBC was 68 BTC, and it’s now 105 BTC, so it would be tough to really load up on it. To create one billion millionaires is TBC’s mission, or so the site says. TBC also wants to end world poverty. In all reality, its makers have lined their pockets scamming people and might disappear any minute.

TBC on Bitcointalk

Enough about the cheap website. Let’s take a look at what members on Bitcointalk have to say.

On Bitcointalk, there’s a thread about TBC that was started on May 16, 2016. The original poster, savasori, has a trust rating of -2, meaning “trade with caution.” He explains the idea behind TBC in one large block of text that’s nearly impossible to read. The second comment by Woody20285 sums it all up pretty well:

TBC BitcoinTalk

Anyone who has been in the cryptocurrency industry long enough knows that this type of scenario can never be true.

Another comment by leigh2k14, a legendary member on the forum, says, “Time to sell the wife and kids, I’m all in on this bad boy.” You’ve got to appreciate the sarcasm.

At the end of this Bitcointalk discussion, one user asked, “[Is] this [a]scam or not?” Mr.Pro, a senior member, quickly replied, “I don’t know if you are blind or dumb or maybe it could be both.”

The TBC Wallet Is Disabled

In relatively recent news, the TBC web wallet was disabled on January 31, 2017, and all holders were encouraged to move their coins to yet another centralized site, which apparently doesn’t work either.

Because there are no open exchanges that allow for TBC to be traded and the TBC mediated exchange doesn’t work, holders have to convince others to buy their coins. In terms of P2P sales, generally on Facebook, the only way to sell TBC is to rope someone else into the scam.

Holders were allegedly trying to sell their TBC though Facebook groups for less than $0.05 each—a far cry from their listed price of $286,000 each—just to recoup some of their losses.

The real value of TBC is 0. Truthfully it’s absolutely worthless, so don’t allow these con artists to separate you from your money by convincing you to buy this coin.

Who Does This Scam Target?

The TBC scam isn’t targeted at people who are already actively trading cryptocurrencies and understand the business. Instead, it’s aimed at people in third world countries, and it’s trying to separate them from their hard-earned money. For the most part, TBC is being heavily promoted in Africa and the Philippines. TBC scam artists are simply robbing poor people.

The sad truth is that they’re good at it. According to Similar Web, TBC’s site gets around five-hundred thousand visits per month.

TBC traffic

Don’t Buy The Billion Coin!

To recap, the TBC scam took place between April 2016 and June 2016. If this scam, or one similar to it, comes back online, avoid it like the plague. Don’t invest in anything that makes impossible claims of something for nothing. I can also assume that the name TBC was intentionally chosen so that it might be confused with Bitcoin’s BTC.

While the makers of The Billion Coin claimed that their goal was to make one billion millionaires and battle world poverty, it’s clear that the real goal was to scam one billion people out of €100. If you’re presented with the opportunity to buy The Billion Coin, avoid it at all costs. In the future, remember that 99Bitcoins supplies you with tools such as the Bitcoin Scam Test to try to assess whether cryptocurrency opportunities are legit or not.

Had your own experience with TBC? We’d love to hear about it in the comment section below.

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Ruben Uclaray
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Ruben Uclaray

tbc is not in the market cap why? simply because it is a community base agreement. not in the market cap that can manipulate by the elites.

Kanutz
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Kanutz

Questions about Walid explanation: 1. “TBC was mainly meant for poor people”, then later wrote, “The Billion Coin was never created for desperate people”. Huh? So, who are those poor people who are not desperate? 2. “the price of TBC never drops and will never drop till the price of 1 coin reaches 1 Billion Euros” Legal tender, e.g. euro, is backed by gold. TBC is backed by … what? 1 billion human beings? 3. Walid referred to Dan Lutz who once said in a video: “Throughout my life I have been a leader and taken on the biggest challenges… Read more »

Pesamob
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Pesamob

We are a Private community, but we are far from a Secret group or society. We are completely upfront about all that we do and say. There is zero need to deceive people into joining us. We have much to offer, and it is all good.

freeman
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freeman

Wow!!!!
Eye popping opener!!
Though I am equally caught up with this whirlwind of the TBC lies given the fact that I have invested few dollars in this scam, the writer’s claims and findings are damn on point. I have also made my investigations too. Third world countries like mine (Nigeria) are the feasting ground for these leeches..
May God help us all…
Many thanks @writer and God bless you

Gary
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Gary

Anybody putting hundreds or even thousands of dollars in this is nuts. You don’t have to put much of anything in it to be a member and receive a gift, only $10.00 per year. Then you receive a gift valued at about $2000 in digital currency. From then on it is totally voluntary if you want to put more in it, in order to get more out. I’ve been in this for more than a year, and nobody is hounding me to put more money into it. If anybody says you do they are lying to you.

TRUSTED TBC SELLER
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TRUSTED TBC SELLER

What if we woke up one day and find out that licking/chewing sand will make us live longer, what will the value for sand be? If renown economists reveal to us that we own anything we touch first and we do not need to exchange something first to get what we need, do you know that there will be a paradigm shift and life will take another form from the day many people embrace that school of thought? Life is just how the majority (populace) embrace an idea postulated by another they ascribe importance to. Whatever views/opinion we have about… Read more »

Anonymous
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Anonymous

I bought $100 worth of TBC through some lady on FB. The website claims to be a legit coin you can trade for Bitcoin or wait for the “Big Payout” well I decided to let my account grow some. Then tried to go on the exchange to trade TBC to BC however when I tried it always gave me an error message and then all of the sudden, out of blue my send button and wallet were disabled and I was made to pay ten more dollars to enable it. That never happend :/ This was a year ago. I’m… Read more »

Blezel
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Blezel

I am a Filipino and in the Philippines.. right now my mom, me and my sister in law are already members of TBC of which I know nothing about. I dont even know how it works. My mom is an active Senior Citizen Organization member in our place. One of her friends told her about this membership to a foreign funded organization which aims to help impoverished families in third world countries like the Philippines. I am working as a Government employee and a single mom who is also the lone provider of our family’s daily needs and my mom… Read more »

Lkleyn
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Lkleyn

I got tbc coins free worth $1000, and I must just pay $10 to activate the payout link, $10 won’t make me poor, after that $10 if I don’t get my $1000 I know it is a scam.

gust
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gust

i am really confused about tbc (the billion coin). i am already member of tbc. But i havent buy tbc still now. Because i have duobt about it. As you have said above why it is targeting toward 3rd world people? why it doesnt listed on coin market cap? so many questions are coming to my mind. some of my fb friend invited me to buy tbc by 100 euro. But still now i cannt beleive them. i want to know it detail a little bit frist about it. Then after that maybe i will buy. Another problem is why… Read more »