Post
Topic
Board Announcements (Altcoins)
Re: Regalcoin – X11 Decentralized Cryptocurrency
by
Fiatnam
on 21/11/2017, 15:18:26 UTC
Beware of this HYIP coin they might scam all your money. just buy and hold bitcoin or invest on other fundamental coins that will help sustain na blockchain
Will someone explain to me how Regalcoin is going to "scam" your money? They don't even have an internal exchange working. Right now, to lend in Regal, you have to buy Regalcoins at Yobit or Coinexchange. So unless Regal's team is working a scam with those exchanges (which is pretty much impossible), they aren't going to profit by pulling their web servers and running. That would only kill the price of Regalcoin - which is the only coin held on the Regalcoin exchange at the moment.

In that regard, Regalcoin is MUCH safer than Bitconnect and other lending platforms. You aren't trusting Regal with your Bitcoins (as of now, until they get their internal exchange working), you're trusting them with your Regalcoins. And if they cut and run? It would only hurt them, because all they would have are Regalcoins.

That's why Regal is safe.