Muftis condemning OneCoin
OneCoin seems to have rapidly spread like a virus among muslims during this year. The ponzi has been marketed to muslim victims as being Sharia compliance and this nonsense has done its charm.
However, as a counter measure a research paper was published yesterday by some muslim scholars:
The paper concludes that it is impermissible to participate in the OneCoin scheme. The paper has been approved and endorsed by the following scholars:The research paper explains thoroughly what OneCoin is and what makes it a scam. The conclusion of the report states: "it is impermissible to participate in this scheme."
To read or download, please click on the following link: onecoin-research-paper-islamic-ruling
Although the report was composed for muslim audience, it's a very good source of information to anyone regardless of religion.
Xcoinx keeps on pending and expiring
Let's see how the exchange on xcoinx.com is working at the moment. A onecoiner has uploaded a video just recently to show how he's doing some successful withdrawals from the exchange.
Account 1 (1:30)
The man refers to the account as his main account. Apparently he has at least four OneCoin accounts. In the video he transfers money from each additional account to his main account in order to buy a gift code. I guess the purpose of this procedure is to sell the gift code to a new victim and pocket the cash, quick and easy.
As seen on the chart, the onecoiner managed to have two buy orders executed and one sell order was successful. Both successful coin purchases were made at the market price. The one and only successful coin sale was made way below the market price.
The market price for the buy order that expired in 17th November seems odd for the date, because OneCoin's artificial value did not rise to match that figure until 25th November. I can't figure out explanation for this.
Account 2 (3:15)
The second account has only sell orders visible. It took him two weeks to have three coin sells executed.
Account 4 (7:30)
This account is identical to the previous one. Again sell orders executed with the same dates.
One other example of expiring coin sells. - This onecoiner is trying to have sales with discount prices and yet he is failing.
After checking these videos I think it's safe to say that Mr Parhiala and the queen of ponzi currency were both half right; Europeans and Chinese are indeed sleeping. But just the opposite to their claims, no one is awake to purchase coins.
It is possbile that there might have been some money injected to the system in the end of November, because some sell orders were executed. On the other hand nothing guarantees that OneCoin has cash in its system to cover all the coin sells. Thou shalt not forget the most important rule: Never trust a ponzi.
Weather forecast for the coming weeks
Here's the weather forecast for onecoiners: There's an increased likelihood of freezing breeze coming towards bank accounts.