Ponzi schemes bit connect again davor coin price dives after lending site shut down a cryptocurrency investment scheme the last month drew the ire of state regulators in Texas announced last week that I was closing its lending platform Davor coin has previously reported was likened to beat connect by the Texas State Securities Board TSS be given that both involved the use of Lending site and had promised to a to pay steady interest income to those who invested on February 2nd the board issued a cease and desist to dam a coin alleging at the time that those behind the scheme had intentionally hidden information from would-be stake holders the emergency order found that Davor cornea selling investors that they telling investors that they can earn a lucrative profits by investing in a lending program based on a new cryptocurrency known as divert coin investors allegedly purchased a ver coin and lend it over to Denver coin at TSS via wrote at the time less than a week later those behind Denver coin announced that they were closing the associate lending platform because of a plunge and the value of the scheme's dam token according to data according to data from a coin puffs calm the price hit nearly a hundred and eighty over a month ago but by the end of the announcement the value of dam was around three dollars pressed time dating indicates this dad's value has plunged even further coming in at roughly three as a press time the team roll on a February seventh blog post there is no doubt for us that the dev value has been negatively affected by our lending program because of the crypto environment has dramatically changed recently oh really you mean y'all been found out we recently did everything possible to protect our platform and our amazing community however damn price still went from 180 to 550 cents in 20 days as a result we have decided to change our strategy and end our lending platform that has become the only reason why divert coin is decreasing in value the blog goes on to state that those behind davor coin will seek to resuscitate its price through transforming dab into a strong cryptocurrency mm-hmm not gonna happen guys not gonna happen now but this dip bad press you're not it's not gonna happen guys yet since the date there have been no official posts on its medium and Twitter accounts so guys here is my advice actually I don't get financial advice this isn't financial advice this is just some guy talking out of his asshole I want to run an experiment so there's some other coins out there so I'm gonna run an experiment there's some other coins out there that I have my eye on that are clearly Ponzi schemes however they're still surviving the question is is how much am I willing to short it me a thousand bucks would be a good good experiment now it might be a long-term model because you never know when they're gonna go under right you never know when they're gonna go under so you don't know if you're shorting something that I mean I'm gonna think about it I'm gonna think about it it might be a thing it actually could be a thing it could be a thing where if you know something that's a Ponzi scheme you short it because they're eventually going to implode is usi tech next let me know your thoughts in the Bitcoin pub or the comments section below about my ideas around shorting Ponzi schemes could be a lucrative business guys it could be & smash the like button for making money shorting Ponzi scheme could be a thing
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All ponzi schemes will collapse one by one, best strategy is to stay away.
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Lol you know if you can pull out right before the ponzi scheme exits then you can make out pretty good. Just have to ponzi the ponzi man.
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If there was a way to short these Ponzi schemes I would lmao. Followed you since I do updates on crypto as well!
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