Quote from: NlaakStudios on February 10, 2018, 04:24:27 PM

Agreed. I am down $1,602,000 from Davor alone. I am diversified and have multiple revenue incomes such as mining but it still hurts. I HODL (still holding) thinking the platform was to well designed, was working great...did not even mind the lower interest rate considering the market correction (still WAY better than fiat investment). I still see no reason for them to stop lending platform, none...unless it was planned from beginning Sad

Well that's the nature and risk we all take. Just remember not to invest more than you can afford to lose. Still my heart goes out to all that DID invest their life savings and lost it all. DavorCoin hurt the entire Crypto-Currency market IMHO, especially the Lending Platforms. Still though, I want government regulation to stay the hell out of it, they would screw it up even worse.

Crypto is Property and some of the taxes I am seeing from Japan and especially the US (IRS is retarded).

So what did I learn from BitConnect, DavorCoin and Jan/Feb Market corrections (seems almost every year)?

1) Moving Company from Texas Based S-Corp to Cayman Islands (Offshore) CEC FinTech District
2) Two Bank Accounts, One in Cayman (Crypto Slush) and one in Switzerland (Fiat Slush)
3) Split my diversified investments from not only Crypto but into Fiat investments as well

I will hold my DAV until it is de-listed with the hopes they do something to add value, but I find it very unlikely. Noone is going to use it as a payment platform and with he value so low staking will suck. LOL My $1.6 Million is worth less than $500. So, In IMHO - Davor is dead and the developers made out quite nicely. And with that being said, Also make sure you do you research, track the CEO'sand DEV's with a list, Never invest in a crypto if they are on your list in the future.

Good luck all on your future investments, hope you make correct choices and get to the moon!

I really sympathize with your trouble. But, you see, it was at least silly to invest in a project that promised 10% a week. It's HYIP

Mosasaur

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