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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Juney
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Juney

we are already using tbc for monthly amortization on gadgets, appliances, car , house and lot and motorcycle.

Amo AFERI Kwadwo
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Amo AFERI Kwadwo

Am so so sorry about your view on the billion coin. You are a liar and selfish. You have no vision for yourself and you are blackmailer. Now ask your if all that you said about the billion coin is true or false? You are enemy of progress.

redlion
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redlion

TBC is great…nothing compares the Mission of this Private cryptocurrency…Why do people patronize other currencies that is so very volatile, I mean because somebody is controlling them like bitcoin…come on guys, don’t be fool with this person telling us on what to do and trying to promote other legit coins who are in the market cap and yet until now theres no exchanges yet….TBC will rock the world….TBC is to free the people out from the bandits of poverty….mabuhay!!!

Ezza
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Ezza

I have a TBC account have no idea how to use it. Constantly trying to figure out how to find my balance and then how to receive a send button. I only wanted TBC to watch my money increase but I cant even see my balance.ive had to watch you tube video clips to receive a key word. All very strange organizations, invested a lot of money into this coin so I hope it works.

Dauz
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Dauz

I have TBC to sell.. I will letgo below market price urgently need money to Survive.

SABIX
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SABIX

In my country Papua New Guinea, TBC is accepted and growing wildly. Its growth was more or less fuelled by our traditional cultures we agree on a good or service and then exchange . When TBC popped up it was embraced and accepted automatically as a virtual form of agreement and exchanges.

The author is definetly an agent of elites sent to destroy our new found freedom.

Ben
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Ben

TBC is a big scam, I knew it immediately I saw the way they operate, even the so call Dan Lutz tried to scam me, but I am old sodier on Internet world.
The $10 admin fee they collect is their target. TBC is worthless

Cpu44
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Cpu44

In 2008 to 2010, Bitcoin was labelled as a scam until 2017 that the same people calling Bitcoin a scam begin to appreciate that it is not a scam and today, the world business gurus have bought in to the idea and they are developing systems and techs to meet its transaction.
So for TBC, I do not have much to say but time will prove it like the way Bitcoin was proving over time.

Swapan
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Swapan

I have TBC and looking buyer

John Smith
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John Smith

Cryptocurrency has been playing vital role nowadays. There are multiple Cryptocurrency development services which are availble in the market to choose.