Everyone is entitled to his/her own opinion, I love saying this before giving mine.
Firstcoin is a repackaged PONZI hiding under Cryptocurrency and This is 2017/18 Latest Method :)
This Coin was just generated to allow Ponzi scheme 'get rich quick'. Its all centralized and been controlled by manipulation :)
FirstCoin.Club: Ponzi at work
Funnily you can invest in Cloud-Mining and other fake packages to get monthly rewards (between 3% and 7.5% of the invested coins) in the so-called FirstCoin.Club.
The reason Firstcoin increases in value is the fact, that still people get fooled by the Firstcoin marketing to buy Firstcoins at YoBit or LiveCoin Patnered exchange to "invest" in FirstCoin.Club.
Most likely the promoter/inventor of Firstcoin will vanish once investment slows down and the scheme collapses. He will have made enough profits selling some of his remaining 109,900,000 Firstcoins!
That its on coinmarketcap [CMC] doesn't make it genuine. CMC also makes money from listing real and crappy crypts.
PS: Am not discouraging anyone. It ain't ma money. Just don't sleep on it
Share Your Views On This.