Should we worry about davor.io?
Dav coin plummeted in price recently and got to a new high low today - 77.86$ this is after the coin reached an all time high at the 140$ level and managed to stay at that level for quite some time.
You could blame the market downtrend which brought bitcoin to to the 10k level again today but the question is: Is it because of the overall market downtrend or is it more then that?
today they have updated us the following:
"Tomorrow everyone who had placed $1,001 in our lending program since the opening of the platform, November 25th, will have already earned more in interests than the capital they've placed !!
🔥Tomorrow they will have accumulated $1,002.6 of interests (for a loan of $1,001).
And those who had placed $10,001 in lending will have accumulated $10,808.08 !!
🔥Both without optional capital boost...
🔥These are the kind of reasons why DavorCoin has became the number one lending platform in the world.
🔥But we never stop working to offer you the best experience.
🔥This week, we will announce a big development, that no-one did before, that will set a new standard in the industry.🔥
🔥Are you ready ?🔥"
This is not really something new that they are announcing but it is something that suppose to create hype and I think it is done very well. The way they are saying at the end: "This week, we will announce a big development, that no-one did before, that will set a new standard in the industry." really makes you intrigued in what they are planning for us next. This could well be a red flag by it just being news for the sake of news to try to stop the sell of but I think this is not the case and they will manage to surprise us this time also as they did so many time before.
Crypto maniac out
I dont trust DAVORCOIN!
latest update
https://steemit.com/davorcoin/@arunkumarsrm/davorcoin-latest-update
Its definately a ponzi scheme, the question is when and not if it will close down.
You should worry about every lending platform. Bitconnect was the dam that broke consumer confidence. Don't fool yourselves. Diversify your portfolio but stay away from anything that has an aggressive affiliate program. Low hanging fruit for regulations and exit scams.
Most are scared because of Bitconnect closing out their lending program. Many got in too late to the game, or they did not take earnings back until they gained back their deposit. I believe that when all the top promoters got their capital released, they did not re-invest back into Bitconnect, therefore price drop. If Davor continues to drop in price people will not lend or re-invest and it will end up like Bitconnect.
Lending coin is not making profit anymore. Bitconnect had just collapsed last week. I think the Domino Effect will happen. After shocking Bitconnect's announcement, Ifan and Bitchamps had announced that they also cancelled their Lending Program for some stupid reasons. I think that if you're new to this market. You should hold coin top for good profit now. I'm sure with you that just after China's Tet, all markets will go uptrend and go to the moon... ;)
Seems like a good opportunity to buy if you don't already have a position.
Very true dear
I believe everything comes to an end. Doesn't mean you shouldn't try it. One simple question. How much are you willing to lose? Only invest that much and just pretend it's a casino. No one walks into the casino knowing they will win. They are hoping to win but they know deep inside that they will lose. Simple.
Most coins are dropping at the same time and seems to all be relevent to BTC's flow.
how can i get this coin and can i trade the coin too?
https://coinmarketcap.com/currencies/davorcoin/#markets
I think the recent events in the crypto lending platform world has people scared so I think they may be choosing to take profits out as often as they can instead of leaving them in and that could be affecting the price of Davor. In order for the price of a coin to go up or even remain at the same level the confidence level has to be there and people have to be willing to hold the coin. At least that has been my experience. Thanks for the post!- Ivy
100% if we dont hold and buy up more we will lose the public majority ownership over institutions. The real market manipulation has not even started .
I would say this is the first wave of the battle for total control. . Its a war waged on financial freedom as much as its a war on financial control.
Definitely agree. It has been quite interesting to watch the news lately and see how many big institutions want in on this now. This is a fairly established market already but it will be interesting to see how much control they are able to take up. I am thinking that they may get some but this market is already fairly well developed as a whole.
The way I see it is the ico market and shit coins will aid them. People jump from btc and eth for instance to said coin then lose btc value in the process.
When the big pumps happen btc surpasses that making peopme buy on fomo. This can result in them selling the btc back at a profit giving more power to the next haul.