Today when I go to coinmarketcap.com for checking the price of Bitcoin and it was $5185.73 pretty cool and than I looked at a banner ad of Regalcoin.co. I thought that it will be a new ICO , but as I clicked it was a referral link by someone name "CRYPTO101".
My all excitement goes nil and just want to visit the website after removing the referral link. It was very dull website and approximately 20% of the content is copy pasted form Bitcoin website and the rest is copied from other crypto- websites.
After a short intro of Bitcoin they have their own philosophy of describing their coin.
" Regalcoin is a cryptocurrency. This currency is like the Dollar, but it is only available in the digital world. The concept may sound like Bitcoin, and is actually not much different from bitcoin. "
Ok, easy enough to understand. Than the same usual stuff that all crypto sites have mostly common, like
- Transfer instant Peer to Peer
- Transfer money easily
- Transfer fee is very small to zero
- Regalcoin transactions are Anonymous
- Transactions are very easy
- The number of coins is limited...................Blah!,Blah!,Blah!,Blah!,Blah!,Blah!,Blah!
And the real show starts when you looked at the price of Interest shown to you:
And your mind goes wild after watching 540% profit
No, way right after all of this a fool like myself always thinking for investing in this system. If I invested a small amount it will gonna pay my debts and other thing. And I am gonna rich and all never ending wishes came true.
But as you scroll down a little bit you have :
Than the same public figure of all scam schemes came into your mind MLM or Ponzi pyramid
After this my little brain is yelling at me , this Cryptocurrency will going to be wild-fire of dollars. Because their is a huge crowed of people waiting for schemes like this , these are risk takers and HYIP money makers which will be benefited form these kind of schemes.
But the final choice is always yours:
