Welcome to my HomeBlockCoin review.
If you are thinking about buying HomeBlockCoins but are a little suspicious of this place and worried that it might be a scam then you are in the right place. When I came across this opportunity I felt the same way. So I did a little investigating and in this review I’ll be going over a few important things that everyone should know beforehand.
HomeBlockCoin is a new cryptocurrency that one could compare to bitcoin. It is a decentralized, self-regulating finance system and payment system. With it you can make transactions with no fees or middleman. There is a ton of hype surrounding this cryptocurrency at the moment but its future is unknown.
The future of this coin pretty much relies on how widespread it becomes. If many people end up adopting it then the price per coin could skyrocket. The creators of HomeBlockCoin actually predict that a single coin could be worth as much as $1,000 by 2020, but this is purely speculation and no one really knows where it will end up.
How It Works
It works like bitcoin for the most part. You buy HomeBlockCoin (HBC) and can trade with it, lend it, stake it, and mine it.
There are only going to be 28 million coins released and of course the more people that use them and the increase in demand will lead to them being worth more, just as Bitcoin.
The point of many people buying these coins is simply to make money off their investment but there are people that use them for the ability to make transactions without going through some 3rd party channel.
In order to get buy HBC and invest in this opportunity you will need bitcoins first. You will have to pay for HBC with bitcoin. If you do not have any bitcoin I would suggest using CoinBase. They sell bitcoin at market price and you can get it instantly.
Of course you will be able to trade these coins like people trade bitcoins. There is the potential to make money here but not much until this coin catches on and gains popularity, which it may or may not.
When you lend your HBC’s to the trading bot it trades automatically for you and cuts you in on some of the daily profits.
You can download the HomeBlockCoin wallet and just keep your HBC’s in it and allow them to collect interest. They claim that you can earn some pretty insane returns by doing this. Ex: 10% per month for the first 6 months.
You will be able to mine these coins just as people do bitcoins.
And of course you will be able to make money from referring other people to join and invest money. You can earn money off of people’s investments up to 7 levels deep. The people you directly refer in are your level 1, the people they refer in are your level 2, and so on.
The amount you can make per level is as follows…
- Level 1 – 8%
- Level 2 – 3%
- Level 3 – 2%
- Level 4 – 1%
- Level 5 – 1%
- Level 6 – 1%
- Level 7 – 1%
These are the percentages that you will be able to make off of your referrals’ initial investments but you will also make residual money from the interest that their investments make.
Investing in cryptocurrencies is always risky. Investing in Bitcoin was risky and still is… yet it has proven to be the most incredible investment the world has ever seen.
As a rule of thumb you should never invest money that you can’t afford to lose. Because there is always that chance that you might lose.
There is also the possibility that HomeBlockCoin is a scam. I have seen opportunities like this in the recent past that have turned out to be ponzi schemes. Basically pretty much everything they say is a lie and they rely on new investors coming in to pay out returns to older investors.
There really isn’t enough information for me to say that it is or isn’t a ponzi. Unfortunately places like this give me a bad feeling just because of all the scams that are out there. But this definitely doesn’t mean that HomeBlockCoin in particular is a scam.
Conclusion on HomeBlockCoin – Good Opportunity or Not?
I cannot call this a scam because there is not proof that it is. My advice if you were thinking about investing in some HBC would be to do so at your own risk. Honestly I think I’m going to invest a bit and see where it takes me.
On a totally different note… if you are looking for a proven legitimate way to make money online then I suggest taking a look at this program. This is the same place I learned to make money online back in 2015, and now I do this for a living.
If you have any questions or comments be sure to leave them below 🙂