Why the ponzi DavorCoin prabably won't last past the month

in cryptocurrency •  7 years ago 

So recently, with Bitconnect's exit, there is an open space in the ponzi market. With the reveal that Bitconnect was a ponzi, people defended their gambles by saying that they were trying to get out before the ponzi fell. That is a terrible mentality in which you are driving innocent people towards failure.

Now people once again are looking for a get rich quick method that requires the least amount of effort:
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Once again, like Bitconnect, Davor claims to have a trading "bot" that nets them enough profits to share with people who lend them money. There are clearly many issues with that statement, the first being that if they did have a bot why would they need funding? The second of which is that they claim users can make money through staking Davorcoins. However, users are not making money but instead Davorcoins, which will become as worthless as Bitconnect Tokens.

So why do I think that they won't last the month? Well it reminds me of the late career of Bernie Madoff. As the US was in a depression and less and less citizens were willing to spend money, Bernie became frantic. He asked those around him for more and more money in order to keep his ponzi up. Sound familiar? Davorcoin has become more and more noticable around Twitter and Youtube as the Crypto markets remain bearish and less and less money is flowing into the market. It's already down to 68$.

Conclusion:

While you may disagree or maybe you're willing to risk your money, Davorcoin is no different than Bitconnect. So please don't go around promoting the ponzi.

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Sacred words. Only Doge users would buy such a coin imo

Great work, i am new be in steemit. I hoping you suport

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