They were locking withdraws and limiting sells the last 2 weeks, a clear sign

Davor from $185 to .02

BCC worth $2.50 now, good thing I didn't buy 'cheap' BCC at $5 lol

Of course the scammers didn't run out of money. They ran out of idiots willing to give them more money so they shut the ponzi down. That's how scams work. Scammers make money, victims lose money.


Yeah, weird, it's as if Bitcoin is different from this collapsed ponzi piece of crap we're supposed to discuss in this thread. Still can't stay on topic?

Important Announcement about the Davor Project

We have a very important announcement to make, probably the most important one since our beginning.
We have carefully analysed the current situation of the Davor project, of lending programs, of the cryptocurrency market and of legal issues regarding lending platforms and cryptocurrencies in general.
There is no doubt for us that the DAV value has been negatively affected by our lending program because the crypto-environment has dramatically changed recently. We did everything possible to protect our platform and our amazing community.

However, DAV price still went from $180 to $0.5 in 20 days.

As a result, we have decided to change our strategy and to end our lending program that has become the only reason why DavorCoin is decreasing in value.
Most users are no longer interested in investing in lending platforms, moreover, they are increasingly concerned about legal issues.
And there is one thing we don’t want which is to offer a different service to users depending on which countries/states they are coming from.
We will release today all lending packages we have and every user will be credited in his account the number of DAV he placed in his/her lending package plus a 10% bonus.

The staking pool will work as before.

There will be certainly winners and losers in this project, as in many high-risk investments. This is also true for the whole cryptocurrency market.

Our main objective now is to bring DAV price where it should be. We are going to put our efforts in transforming DAV into a strong cryptocurrency.
We have many steps ahead that could boost the DAV value.
1. High performance crypto-to-crypto trading platform. DAV will be used as trading fee.
2. Instant exchange to altcoins: you can exchange instantly DAV to many popular altcoins.
3. Partnership with crypto debit card issuers so you can use DAV to make payments.
4. Total improvement on the DAV blockchain: to support SegWit, Lightning Network and Atomic Swap, which means DAV could be accepted at thousands of Bitcoin-accepted merchants.
5. Crypto shop: You can use DAV to purchase for popular gift cards (eBay, Amazon, iTunes, Steam…)

These are only part of the list: we’ll soon release the full list of what we plan to do for the rest of 2018.
We know this is a big turning point of Davor, but the crypto-world is changing very fast. Therefore it is important to adapt ourselves to remain competitive.

We’re confident that this is the right way and we’re just at the beginning of a bright future. We hope to receive your full support and altogether we can bring Davor to the next level.

Thank you.

Is Bitconnectcoin still running this coin has given the cryptocurency a bad name and people should watch out for another similar site like Bitconnectcoin, I'm sure they are of to something because they have a huge success doing this kind of thing, when they lock this thread , expect that they are cooking something.

Hehe nicely put!

Beats me why anyone ever would buy these coins.

Everything's a scam
Bitcoiners, especially bitcoin maximalists, have a habit of calling anything they find a little dubious, or that they simply don't like, a "scam."

It's a serious charge – fraud is a crime, after all, punishable with jail time – but on Twitter and in crypto forums it gets thrown around like high school kids in the locker room calling each other dorks and losers. Though, to be fair, the "S" word is sometimes used in a way that's unmistakably playful.

Community Update

There has been a lot of FUD in the lending and cryptospace in recent times, with virtually all Lending platforms taking a downturn. Even a perfect functioning platform cannot stand bad publicity spread by users on the social media platforms. Due to these challenges, The Gold Reward team is changing direction with focus on gamification and possible rebrand.

The Gold Reward Team

Thought it already shutdown. Why would you buy again? I mean it is too obvious that it is a scam.

While that may be partly true, I believe the price of BTC has fallen for various other reasons as well.

• The sheer number of ICO's that are coming out in rapid fire per day/week, people are investing in that rather than Hodling BTC
• The people who bought in at the top have been selling at the first signs of a rise to try and get some money back (weak hands)
  

• And the fact that Bitcoin was due for a correction and with so many ICO's and new coins flooding the market, especially ERC20 tokens more money is being spread around these coins.  And that is obvious by the BTC dominance which sits at around 35% but was recently as low as 32% for a few weeks when previously it usually sat around the 50%-ish mark.
  

So until more people come into Crypto and the market capitalization grows to around the 700M mark again we will see what we are seeing today.

Pathetically, Bitconnect which you still support, like any scamming coin also has scared away thousands of new investors or believers in Crypto, many of them had their first dabble at Crypto after friends and family, not just the Youtubers asked them to give it a go and showed them their potential ROI's, now those people have been burned, many will not come back.

That applies for any of the snake infested lending platforms, because even with good intentions, which many of them do not have, they still promise unrealistic returns and are not self sustainable or the people running them are criminals or a combination of the two.

I personally believe Bitconnect did not die because it was a Ponzi, I think it died because those running it, rather than just freezing further loans, not doing a dodgy ICO, making up false Ddos attacks and blaming Texas fud, actually could have kept running and paid people, but they chose instead to do a runner with Millions of dollars stolen from the general pulic.

So in summary to my rant, Fuck Bitconnect, Fuck any idiot that still supports it or thinks it will re-surface and long live BTC, looking forward to seeing it break 25k by the end of the year.  

P.S The BTC FUD you posted about India is incorrect.  

"I made this video to share my experience going to Bitconnect conference on 28th January 2018. Because got so many questions on facebook, telegram, whatsapp, etc. I rushed this video quickly to inform how it went down.

The conference starts off with basic introduction regarding bitcoin, blockchain, mining, which I skipped because uncessary. Then when the Indonesian promotor Mr Yuris Prasetya starts his presentation, a member of the audience confronted him as you can see in the clip I have provided.

As it turns out the promotors have decided to answer and discuss all complaints and concerns (despite various threats). So the discussion moved to a private room full of upset investors (small to very large sums).

The promotors addressed that there will be attempts by the developer (which they claim have no control over) to compensate investors through their main program BCX (Bitconnect Exchange) and staking BCC. However this is deemed unnecessary by the investors because Bitconnect need to sort out and be fair regarding the capital release fiasco before moving on to further projects and events. No one will back their events and programs because the confidence is at all time low.

It is then agreed that Mr Santoso as the main Indonesian promotor will represent our dispute to become our voice. He is likely to cordinate with other global promotors and developers to come up with solid and concrete solution for investors. 10 days is the deadline.

Personally I am surprised Mr Santoso and his team are willing to go through all this. They booked the event beforehand, still go through with it despite BCC was doing horrible, and angry mobs will show up with threats. Because he understand what the investors are going through and wanted to communicate with all of them through this event. Half of the attendees were upset investors and the other half are BCC loyal and supporters.. probably 50-50. I don't think there are any newcomers to Bitconnect in this event.

I am in the private whatsapp group to keep everyone posted of the latest news from Mr Santoso. Lets all pray and hope there will be a better and more positive outcome from Bitconnect developers.

If you are here to post negative, mock and telling people to be suicidal, please go elsewhere because I post my videos for information to people who are in Bitconnect and those who are not in Bitconnect but can chill about the whole thing."