Is First Coin a Scam ?
A very commonly asked question .It might not be a scam but its not a coin worth investing.you may call it something like "shit coin".
Any site asking you 1000$ to invest is simply ripping you off your money .. DO NOT . if one coin costs $2 you should be able to buy just 1 from open exchanges. you may buy a few and keep them just for the heck of it .
If it was me I wouldn't indulge in such a coin