People say, TBC is scam because it claims to increase 1-5% daily which has never happened in the market of cryptocurrency. Now I really understand and relate with anyone with this ideology. Its really difficult for people to accept new stuffs because its not in line with what they already know. The value of every cryptocurrency is determined by the market of demand and supply. Simply, it means that, say if the demand of bitcoins go up then the price of bitcoins correspondingly increase and vise versa.
However with TBC, the coin claims never to come down in value which doesn’t make any sense talking from experience with previous cryptocurrencies and some basic economics.
On the contrary, TBC coin is a new innovative idea introduced into the crypto world. May be the only mistake was calling TBC coin a cryptocurrency. As all other cryptocurrencies’ values are market base, TBC coin’s value is user base.
What does that mean ‘user base’, the idea of user base means that the value of the coin is determined by the number of verified members in the TBC community and not necessarily how they are using the coin. This simply means that the more people join the community, the higher the price of the coin. However the coin has an ultimate price of one billion euros(€1 b) hence the name The Billion Coin. Why 1 billion euros, what if the people on the coin exceeds one billion? The software is programmed to keep track of the number verified members until it reaches its ultimate of 1 billion people, mind you this doesn’t mean only one billion people can join the community, it just means only 1 billion will be accounted for. Consequently, since the price of the coin moves with the verified members, the price will also come to a halt at 1 billion euros(€1 b) per coin. Now this makes sense just that its sounds too good to be true. Its not our fault to have doubts but its our fault if we miss the opportunity to be in the growth stage of the currency, an opportunity to be a millionaire, an opportunity to be of help to others, an opportunity to employ those who didn’t believe.
Thirdly, people are losing trust in the coin because they do not understand the concept of the coin. You can follow the like the learnt about the concept and why the coin was invented in the first place. Follow this link and watch the video on TBC concept. TBC | Formula Most members in the community are losing trust because they find it difficult to exchange the coin for a fiat currency(cash) after buying and growing the coin are crying for exchangers but I say exchangers will play less role to the success of the coin.
Here is the ugly or beautiful truth depending on how you want to take it. I’m going to be straight forward here. The coin was not invented to be like any other cryptocurrency that you buy today and exchange tomorrow when the price starts going down or buy more when you suspect a price increase, TBC coin is not stock. This coin was invented to put an end to poverty hence the abundance nature of the coin. TBC does not need exchangers, now reason with me. When TBC reaches its ultimate of €1b there will be 1 billion coins in circulation. Now do the maths, $1b x 1 billion coins, that’s a lot of zeros. Which fiat currency is that much to exchange for all TBC holders. Guys the coin was made for a purpose. The purpose of the coin is to be accepted as a global means of exchange. The coin is here to replace the fiat currency and solve the problems created by Fiat currencies. Before you can use your fiat currency to purchase in another currency, you need to exchange your currency to the currency of the other country. This creates a lot of problems for businesses in developing nations. For example, a business in Africa say, Ghana or south Africa or any other African country signs a contract with a business in USA to supply goods wealth say $20,000 with a rate of ghc 4 to $1(ghc 80,000). Now this business man in Ghana after selling all the products makes ghc 90,000. He has at least made a profit of ghc 10,000 but just when he goes to the bank to pay his supplier, finds out that the dollar rate is now ghc 5 to $1, meaning he now has to pay the bank ghc 100,000 so his supplier gets his $20,000, you can see the inconveniences this can create to businesses. TBC coin is here to be a global currency for all nations, why will you run away from this opportunity.
You may ask if we believe in TBC why sell it then? The only reason why we sell the coin now is just to make it circulate so everyone can also get the coin. If all holders refuse to circulate and hoard all the coins then new members will have no coins to also keep till the ultimate price is achieved. The coin was made to create more millionaires and billionaires not just to make 1 or 2% of the population wealthy which will send us to square 1. The coin is here to be used for trading, payments and any other thing we do with the Fiat currency so you see why i say exchangers are not necessary. Because if you exchange TBC coin to fiat currency today, tomorrow if you need TBC coin, you will need to pay more for it since its increases everyday. I believe exchangers will hinder the growth and importance of the currency in its growing stage.
We have to stop pulling this currency down to fail and push forward for its success because the success of the currency is not in economics theory nor in the hands of the government, its in our hands. We can decide whether TBC will fail or succeed. Sometimes its too hard to understand people who says TBC coin is scam for none of the above reasons, if you have TBC and enters my shop and i say i accept TBC as payment and my supplier also accepts it and the person providing the raw materials for my supplier also accepts it and the food and agriculture sectors also accept the currency and we all join together and work with the currency, where and what is the SCAM. Do not worry yourself to sell your few TBC just because you do not believe in it or worry about exchangers rather spread the good news and let more people know about it so you can pay your fees and buy anything you dream of with the coin. You should also try and sell some of your TBC coin, if you have a lot so that more people can also get this currency. The reason why its hard for you to sell your coins is because you want to sell to people who already have the coins or people who do not understand the concept of the coin, help more people to understand the concept of TBC and the good it brings with it and we will all be happy. My only advice for all those who think they are too smart to be scammed is that, its better to lose some money to try TBC out than to keep your few money and later realize your mistake after the success of TBC.
Emmanuel Ogbonna, CEO(2008-present).