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RE: Avoid Swiscoin - I was notified of a new "top' coin called swiscoin today. actually I was asked how I was involved with it
For it to be able to hit the top 20 cryptocoin overnight, and an almost 1000% jump. I fear there's many out there who've already fallen into the trap. Something I've not seen before, but 99% of their transactions were in IDR, and less than 1% in BTC. Let's see how it goes 18 hours from now. Thanks for the heads up @jl777
it is thankfully mostly fake volume, but like Banx, its high CMC ranking will trick many people. Hopefully my warning will be seen in time
well, i believe it's a little too late. Apparently this has been going on since 2015.
source: http://behindmlm.com/mlm-reviews/swiscoin-review-100-11000-crypto-ponzi-points-scheme/
If i'm not wrong, from my experience, this crazy volume was pumped in by them a way or another, through the amount collected since the start, and using this 1000% increase as a final 'bait', and thus attracting more BTC transactions soon. I hope i'm wrong, but this will be another nightmare.