Just when you thought you’d heard of everything, along comes Bitcoin2. Displaying all the aspects of a classic scam, this superbly named Bitcoin fork briefly blasted its way into CoinMarketCap’s top 25. Which raises a few important questions.
WTF Is Bitcoin 2?
Bitcoin 2 00 may have flown under your radar and, hopefully, it has. One look at its website should be enough to set the alarm bells ringing for most investors. As a completely unknown Bitcoin fork, this new cryptocurrency is promising the moon–with no evidence to back it up.
It’s a Bitcoin fork, yet it’s “truly anonymous,” entirely scalable, and offers “instantly verified transactions.” Oh, and it uses Proof-of-Stake.
It gets better. One of the most sophisticated aspects of this scam coin has to be its detailed and well thought-out roadmap for 2019.
For the year ahead, its goals including “marketing” and “more to be announced.” Call me cynical, but a Bitcoin fork coming out of nowhere (registering its website in 2019) and offering solutions to all of Bitcoin’s problems smells decidedly like a scam.
Not to mention the glaring fact that more than 95 percent of Bitcoin2’s (BTC2) coin supply is yet to be claimed by Bitcoin holders since the fork.
Go ahead and invest; just don’t be surprised if you get asked for your private keys to receive the forked coins.
Clear Pump and Dump Scheme
With a 5500 percent surge in 24 hours, BTC2 has to be one of the largest pump and dump schemes the cryptoverse has seen in recent times. Clearly manipulated by some unscrupulous whale driving up the price only to dump on FOMO-gripped investors.
According to Bitcoin2’s Twitter, it was listed on CoinMarketCap last week:
— Bitcoin 2 (@Bitc2org) May 28,