so davor is crashing big time. I saw it go as low as 2$ before it went back up to 10$. Probably because they buy their own coin to keep it alive.
Why this is happeing? is it only because the fall of bitconnect and the lost of trust in lending plaforms s a hole? or is it something more?
now they are trying to convince people to put their money on loans by promoting a lottery in which the 1st place winner will win 1M $ as a loan as writen on their telegram:
"COME TO THE 'BE A MILLIONAIRE' LENDING LOTTERY !!!:moneybag::fire:
:fire:We will offer an amazing $1,000,000 to someone from the Davor community and many more prizes !:moneybag::fire:
:fire:What are the prizes ?
1st prize: the big winner will win the jackpot: $1,000,000 added to his/her lending package:moneybag:
2nd prize: 10 winners will have their lending package doubled in value (up to $10k):moneybag:
3rd prize: 50 winners will have $100 added to their lending package :moneybag:
:fire:How to participate to this exceptional lottery ?
From now until Sunday midnight GMT, every user that will make a new lending package will receive 1 ticket for every $100 lent. For instance, if you make a lending package of $1550, you will receive 15 tickets.
:fire:If you make multiple lending packages, the number of tickets will be given based on the total lending amount.
:fire:On Monday February 5th, we will select randomly the winners and we will announce it on our social media.
:fire:You can earn 1 additional ticket if you share this message on social media (of course you have to make a new lending first). Don't forget to mention your email address in the comments so that we add your ticket to your account.
:fire:Let's make these next 4 days the most exciting days of the year !!
Grab your chance to be the million dollar lender !!"
This looks like a cheap attempt to recover the fallen price and I dont really think it will work.
If you asking yourself, what could davor really do to save itself my guess will be :
1 . Be honest with us, tell us what is going on and promise that you will do you your best to try and keep it going.
2 . Dont do silly promotions,like the lottery and the one before which was the ability to cancel you loan after 14 days. this will not affect the price for the good.
3 . Show us your abitrage transactions - this is actually the only thing in my opinion that will save lending plaform from their doom - actually reavling the bot and its actions. One of the lending im into which is doing that is "Thebitcoingrowthbot" which 3X my money by far.
Crypto maniac out
Davos is almost a copy and paste of Bitconnect, the whole thing looks quite sketchy.
somebody has done flag on me, that i did not melakun mistake, please help me, my level has decreased drastically, I beg the steemit friend to help me, I want to prove the same person who has done flag that he is very cruel with fellow friends. please help me @faisalmakruf
Please refer to my blog for basic knowledge of Bitcone.
Davor is the next Bitconnect... 1- 2 years ago cloud mining sites that promised huge returns were a common scam and now the common scam seems to be these lending platforms that are popping up left and right.
Come on people this is exactly the same thing as bitconnect. I love crypto, but these lending platforms have become clear scams!!!
now:
DavorCoin DavorCoin (DAV)
$12,36 USD (-20,95%)
0,00122801 BTC (-20,58%)
@copy coinmarketcap
I open an acccount to them but never send any asset yet.... Istill need some mo research.
scammers gonna scam.
I lost every penny... don't be like me. Read below:
https://steemit.com/crypto/@marioiii/i-lost-it-all-everthing-gone
any idea which other coin might be crashing soon?
You have spoken very importantly.
But I think we can have all the other coins but we can.
Why do not we see the collapse of many days in the market. If there is a bitcoin banned for a reason, then other coins will not be banned.
And no other coins can stop for this.
But the effect of yes will be on top of Marquette.
So the rest will not stop, maybe it's a little problem to trade now without bitcoin, but at that time maybe other coins will consume the mortar.
Whatever you have learned from my post, many things have been cleared on my small head, so I have said that you make a big dealer mistake, you will see it in forgiveness.
Bitconnect = Davor = any lending platform = scam = money lost = earnings for the guys that are behind it = earnings for promoters through affiliate links
Do not invest in those schemes guys!
Davor is almost a carbon copy of BitConnect. So no it cannot keep going. When the price trends down for days; you can't really arbitrage.
Congratulations @oren730, this post is the tenth most rewarded post (based on pending payouts) in the last 12 hours written by a User account holder (accounts that hold between 0.1 and 1.0 Mega Vests). The total number of posts by User account holders during this period was 3085 and the total pending payments to posts in this category was $13435.53. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Noup trust is broken
Goodbye DAVOR and no more lending platforms for me.
For those that have not seen the exit of davor yet