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

Last updated on November 24th, 2017 at 06:20 am

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.

Eric Wolff

Eric Wolff has been trading and writing about cryptocurrency since 2013. He also writes about nutrition, health, and real estate. Eric is armed with a Bachelor of Science degree in Human Biology and an insatiable curiosity for how it all works.

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87 Comments on "The Billion Coin (TBC) Review – How a Scam Goes Bust"

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Loren
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Loren

TBC is a COMMUNITY BASED crypto currency, try as you may, you will never find it on the coin market cap, Why? because it is a Community based currency and Im betting you will NEVER find any community based currency of any kind on the coin market cap BUT it can and will be used within the community it was created for. To be honest….you really need to sharpen up on your research skills

Enimej
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Enimej

TBC I know is the most valuable coin in the world, a word of advice to naysayers if you can’t afford to lost money as investor then be prepare to remain poor, cos LIFE it’s seft is a risk. Always invest what you can afford, TBC is a new innovation that have come to stay believe it or not, TBC create wealth automatically get educated about TBC to learn the ways of abundance through the TBC blog.
Here’s a free gift from admin
**affiliate link removed**

TBC ROCKS…

LeSa H.
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LeSa H.

my BF invested at just $125 a cpl years ago (i did not understand cryptocurrencies so I did not get in) he is up to 13K USD with TBC.. so I am not sure how “scammy” it is. I sent him this article and told him to check his wallet to make sure he can withdraw if he wanted to. Just shedding a little personal info abt TBC

Walid
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Walid
First of all, I would like to thank you for shedding the light on The Billion Coin. Any successful project that has been online for over 20 months and yet considered to be a scam by a critic has to be questioned. So we would like to reply back to your so claimed “SCAM” by explaining exactly “What is The Billion Coin” especially for people who have no idea about it and who just read your article alone. We are not writing this reply to encourage people to invest in The Billion Coin, rather we are writing it to explain… Read more »
Bill Matthews
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Bill Matthews

How can TBC be worth anything if you can’t buy anything with it? Have you done that? Also, the value of it it pushed up daily by artificial forces, not by the market forces of supply and demand as with Bitcoin and other cryptos. Finally, is there at least one registered law firm that is standing behind TBC, giving it their approval?

Bill

Mark Evans
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Mark Evans

Thank you very much WALID for tackling all the points on this post.

Your replies where to the point

I believe in TBC

I believed in it more when I read your post

Cheers

Neicel
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Neicel

Tracy davison and Dan Lutz . Both should be put in jail for many scams . 60 second millionaire . Zeek rewards . Now TBC

BTC supply
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BTC supply

I completely agree with you.. I am from Ghana and so many people have been scammed with the hopes of becoming financially free with the so called “TBC”… hahaha… Wake up guys!!

Mascot
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Mascot

Please someone in tbc family should give me an answer. If 1tbc is actually worth over 105btc, why is the admin not deducting the said $10 from the wallet balance if tbc has monetary value of 105btc as claimed?
If your bank wants you to pay for any service, they usually deduct it from your account balance. They will never ask you to bring another money when there is in your account unless what you have in your account is not money or has no value.

PAROSKY
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PAROSKY

A DEATH COIN CALLED…………TBC…………..

Max
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Max

IF U THINK TBC WILL A BOOM… TO ENRICHE YOUR POCKET, THEN U R A FOOL

Roeks
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Roeks

Ponzi and owners should be jailed.

joseph kulla
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joseph kulla

yes you are right these Nigerian and African people scam us everyday. day will come you people will be finish.

Josh
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Josh
Just remember that are two laws which we must consider in this world pertaining to the creation of money or currency, particularly a cryptocurrency, they are the ‘The Law of Demand and Supply” and “Law of Abundance”. All monies including goods, and so with that cryptocurrency placed in the MARKET/S are under the “Law of Demand and Supply” with a system designed to manipulate and control the flow of the economy therein.Thus only few become rich, and they are the ELITES. While currency and cryptocurrencies under the ‘Law of Abundance’ respects the Wisdom of God which is found in the… Read more »
Fleg
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Fleg

Josh you’re the best😘
In Simple note u just nailed what the elites are scared of and we are solidly holding on to our TBC.
The elites said this same btc was a scam just to push ignorant people to sell off thier btc which the elites bought cos the desperate ones don’t want to loose and on the long run, they lost. TBC is strongly working on the law of abundance and soonest, the same way btc was tagged a scam 9yrs ago and is now accepted, TBC will break even in less than 4yrs.
You’re the best josh😘😘

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