As predicted the other day by me, and so many others, especially after DavorCoin announced their $1,000,000 giveaway, which is always a tactic used by these lending platforms right before they decide to exit scam, is now tits up.
And as a final fuck you to all their gullible users, they gave them all back their DavorCoins, which of course just like when BitConnect did it... are fucking worthless!
Simply tap or click here to enlarge the image above.
Oh, and if you remember, I also posted the video about that poor guy the other day, who was in denial that the program would go bust on Monday, February 5 2018, which was the day of DavorCoin's giveaway... and they did.
Here's the video if you'd like to watch it, ad free of course on DTube!
Anyway, now on to Lendex, which is the brand new shiny lending platform on the street, promising idiots everywhere a 0.50% daily interest, which per their own video is actually a sustainable model.
I shit you not, this is their actual claim.
1.00% daily interest is unsustainable says Lendex, but 0.50% daily interest is totally sustainable... according to Lendex.
Here's the video if you don't believe me:
According to them, if you invest $200,000, you will make $1,365.95 per day!
That's sounds sustainable right... yeah, and my names Satoshi Nakamoto!
Please people, for the love of all that is good, stop giving your money to these things, and please spread the word around about these scams, to help prevent new peeps coming into the cryptocurrency space from falling for this shit.
Thank you, and be safe out there.
That escalated quickly.
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Will people ever learn? I see many youtubers jumping from one ponzi to another, maybe they are addicted.
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Indeed they are, and Trevon James even admitted that he was in one of his videos, but probably only to get more people to sign up under him... I think he's smarter than he leads on.
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I think it's going to take some time before people will stop putting money into these lending platforms.
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It's so hard to believe though, because like literally 10 of them have failed in just the past 6 months alone!
Why people so dumb?
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Yeah, but the promise of getting rich fast is too much for people. Plus, there are new people who start putting money into crypto who probably don't know the history of lending platforms. It's a shame.
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That's exactly why I put these pieces out, and started my scam database here on Steemit and DTube, to help educate folks about these scams.
Oh, and is Steemit buggy, sluggish, and broken for you today too?
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Yep. I had some problems with Steemit today. I'm going to resteem this. Is good that you take the time to talk about these scams. If even one person reads your posts and decides not to put money it's great.
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That's the idea, and I hope it works out that way.
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Of course it is sustainable... sustainable for them xD
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Ha ha, and then if it fails, they will just give all their members back their Lendex coins, and Lendex will keep all their Bitcoin and Ethereum... so fucked up!
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"If it fails" of course it will fail.. people like this "get rich fast" schemes and burn all their money into it..
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Bro can i ask your opinion on dogecoin?
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I personally wouldn't touch it, and even its creator thinks it's insane that it has become so valuable... which should say everything you need to know.
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okay.. thanks.. So in your opinion which one is a good coin to invest in? Not to day trade, just to invest for the long run?
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Hmm, I really think you should do your own research, and make this decision on your own my friend, but remember one thing before you invest... ask yourself if you would use the coin or token you're about to invest in?
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Thanks for the heads up bro =) but I was asking your opinion just to know... I'm not gonna invest right now because I mostly do day trading... =)
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Stick with the greats, but as you know, I am not really into proof of work coins and tokens, so go for the quality ones such. If I had to invest in one proof of work coin, it would be Monero.
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Dear Satoshi
So glad you finally revealed yourself to the public. I have a lot of questions by I must run to put some money in that LendeX.
I don’t want to miss any of that interest payment.
You understand.
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Ha ha, I think you should stay away... very very away!
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Oh wow another one already?!
Bitconnect, DavorCoin, FalconCoin, ZoukCoin, now this Lendex. These lending platforms are nothing but pure bullcrap. To people who fall to these trap, I don't know if they really are clueless.... or knew that these were Ponzi all along and hoping to be on the top of the scheme to profit off the latecomers. These people deserve to lose their money.
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A lot of them know they are Ponzi's, but pray on gullible and stupid people via the platforms generous affiliate programs. Some think they will get in and out before they fall, but the scam companies are on to them, and make it very difficult for them to withdraw their funds.
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It seems the Davorcoin bitcoin wallet hasn't processed any withdrawals for 3 days now, while daily deposits have fallen from 75btc 3 days ago to 20btc in the last 24 hours. With previous daily withdrawals at 50+, they have a problem as a ponzi scheme. Exit scam incoming here.
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They already collapsed my friend, and even issued an exit scam letter already.
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Thanks for share with us
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When will people stop falling for these scams...
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Soon I hope, because they are lasting a lot less than they once did, so it's a good sign.
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The only mistake that people do is that they don't make a research on the platform that they want engaged in
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very nice helpful & informative post...... thanks for share.....
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oh man i think it is maintaining
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