Onecoin is one of the most known Ponzi schemes in crypto world. It cannot be considered as money, since one cannot buy anything with it and it has no intrinsic value.
This network marketing concept has many well-known fraudsters behind it, so should be careful when giving money to them. Due the clever structure, the company cannot be sued, so it's almost impossible to get your money back.
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It's understandable, that these kind of schemes lure people in by promising big profits. Usually when something seems too good to be true, it usually is fake.
Same goes with many "altcoins", which provide only cosmetic improvements, but can be used to make a quick profit by abusing people with little knowledge on how money works and what it is.
Life is all about learning new things, and one of the best advices is, that people should gamble only the amount that one is willing to lose. Instead of counting virtual numbers (money), time is spent better by focusing on enjoying little things in life and being happy!
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