Bitcoin Forum

Look like we have another exit  scam. Some people was warning about this currency. It called Davor coin. Davor coin is a lending platform like "Disconnect" (Bitconnect).

I know this was going to fail, but not as a fast as this. Wow it haven't been three month. I can't see why people invest in stuff like this. Where the money coming from? I couldn't find the team.

I mean look at it market now? Outrageous!. You had to be a complete idiot to invest in this. I sorry to come as harsh as this, but I have very little sympathy for people who loss. I really started to believe that people who invest in these stuff are greedy and gamblers. It value at 11 cent. About 8000% lower from it all time high. Correct me if my math is wrong. I hope this will be the last of these ridiculous lending platform. We don't need this crap in the crypto world.

yes, you are right After the Bitconnect fiasco, anyone who was stupid enough to invest their money in Davor, deserves to lose their money.

And I agree 100% that this is a last ditch money grab effort, so they can take the money and run.

I saw youtube videos hours after Bitconnect's downfall, by people who had (purportedly) lost money talking about Davorcoin and how it's "much more legit". Because their ability to determine what's legit has been flawless up to this point.

If people want to ignore the signs and throw good money after stupid - there's nothing more that can really be done to stop them.

People who put money in shit like Davos deserve the exit scam, it serves them as experience, education.

Not concerned that people are losing money over this.

I am concerned if this would affect the image of bitcoin and the community as a whole.

It's very cool that you noticed and conducted this analysis, thanks to people like you, we really get to know the information. I've never heard of this project, but also after your calculations I had an opinion that I will not participate in the project.

Yes you are right. I can not disagree with you !!! you need to think and check before you buy any coin, study it! but it's like throwing money into the sewer silly!

"ShitConnect" Better hahaha. Shitconnect community in some of my country's crypto forums still do promotion & meetings and of course they still inviting some people to invest, they really do not know shy (Check this profile https://web.facebook.com/bali.bitconnect.3 (http://profile https://web.facebook.com/bali.bitconnect.3))
Most people invest in ShitConnect are new people who just enter the world crypto or victims of their team seduction (Fcking MLM).

the people losing money on this only have themselves to blame

Well, if it sounds too good to be true, it is usually B.S. There is no sure thing in this world most especially easy money. Humans are drawn to quick cash and those that know this take advantage of that very gullible nature.

People will never learn. It like a gambler addiction. People see a quick grab and wham there goes their money. The worst part about these kind of people is that these will do this all over again.



I know it sucks for the new people, but people need to do their research before investing. I mean you throwing money in an unregulated market. That highly risky, especially if this unregulated market that you are participating in a lending platform.

all of these projects has a label of "SCAM" while they are on sale stage.
People does not notice the label and directly buy. Reading and researching is the first key for ICO investment

It is hard to understand?  I dont know why people fall for that kind of program. Just remember ponzi scheme = scam.

I already predict this to happen, because Bitconnect and Davor have the same structure,
I'm monitoring this company before the company falls because my wife is one of the groups that discusses this two company.
And all of them lost thousands of dollars because of investing in this kind of Ponzi scheme, the good thing is, I didn't allow my wife to participate in this kind of company.

This is one of so many things I hate about Indonesian people. Everybody loves a quick profit but these guys just don't give a shit. New MLM Scam come up like every month but they will just fall for it.

Friend of a rich guy: Yo, wanna invest in some ShitCoin? Your money will be doubled in less than a year.
Rich guy who wants to be richer: Oh shit I'm in! Here's $5000.

I think investors "ShitConnect" are divided into 2 types:
1. Beginners who come across cheap advertising, see that they have collected a lot of money and want to be a part of this cycle. They are like blind puppies go and give their money, which they will lose later.
2. Greedy whales who want to quickly double, treble their capital. They absolutely know for sure that this is fraud. They consciously go for it, they only hope that they will get out before the rest and will manage to make a profit.

These people who are joining these lending programs aka ponzi scheme are completely aware of the risk they are taking because people had warned about these ponzi schemes but they dont want to listed because they are blinded of the promise returns of these lending services.Greediness of the people are indefinite that is why they are taking the risk than playing safe so they can achieve slowly but surely.They are the only ones to blame themselves not anyone because their actions would be their responsibility.

theres a sucker born every minute and these scam's are made for the suckers out there. stay away

I think as soon as some see a possible way of getting rich quick their whole brain shuts down and all the can see is profit and blinded by anything else that is blatantly screaming scam in their face. Unfortunately it's schemes like this that reflects badly on bitcoin and other legitimate crypto currencies.

That's ridiculous. These exit scams bring a lot of wrong reputation and unwanted attention to cryptocurrencies on the whole. I know it has nothing to do with blockchain in general and there will be con artists in any field but for people waiting for an opportunity to blame cryptos in general, it's all the same. Like many of you mentioned, people who lost money have only themselves to blame.!

A fool and his money are soon parted.

These ponzi schemes are so blatant, even I am surprise how people fails to see this.This is mind-blowingly dumb.Absolutely ridiculous!
Smart people either ignore this, or scavenge off money through this pyramid scheme.
Its always the stupid people, expecting great things from such shit projects, who are left with their dick in the end.

There are still many other HYIP coins like this, you will keep on seeing people ranting how they lost their lifetime savings on some shitcoins.