Google sets stage for long term cryptos/Bittrex removes scam coins from exchange!

Hello, today I woke up to 2 very important messages from 2 different companies. BOTH very relevant to each other. I’m going to share both of them below, but first I want to share that these 2 messages ar very good news for cryptocurrency, investors, and Steemit. It seems to me that all the useless scam cryptos are finally going to say goodbye 👏🏼👌🏼👋🏼.

First message was from Altucher’s Crypto Trader..

Dear Altucher Report Reader,

Google announced that it will ban advertisements for coin offerings, exchanges and other cryptocurrency services across its advertising platforms.

The policy change, which will become effective in June, sent cryptos lower as investors feared the new rules would slow growth of digital currency markets.

However, as with the ban of credit card purchases earlier this year, the Google announcement is not inherently a bad thing.

The statistics speak for themselves…

As I’ve said in the past, 98% of cryptocurrencies are outright scams. Sadly, many investors in these scams will lose 100% of their money.

So it should come as no surprise that Google and others are trying to distance themselves as much as possible from these currencies.

In fact, what’s truly surprising is the fact that Google was complicit with hosting advertisements for scams so brazenly to begin with...

Say Goodbye to Crypto Scams

As we’ve seen in the past year, gatekeepers like Facebook and Google are increasingly becoming important arbiters of information.

And while we frequently celebrate Google and Facebook for the innovation and opportunities they create, they also have a dangerous amount of power.

These massive organizations have the unilateral ability to turn on (and off) the faucet of prosperity for whole industries.

In this case, though, I believe they are doing the right thing.

Google made it too easy for con-men to set up scams and advertise their schemes to victims.

The cryptocurrency market benefited from new investors driving prices higher.

But the dust still hasn’t settled from the recent fallout. While people have been hurt by collapsing cryptocurrency prices, many of these scams still have not seen the bottom yet.

When that happens, many of these investors will jump into solid cryptocurrencies like Bitcoin and Ethereum.

And as the weaker investments shrivel and die, these stronger investments — and the market as a whole — will benefit.

At the same time, honest businesses will find innovative ways to market themselves without Google and Facebook, creating new opportunities we can’t yet imagine.

If you’ve been waiting to buy (or are looking to buy more), I’d buy a little now and wait a few weeks. Remember: Never invest more than you can afford to lose.

Now for those who read this, this is great news! Cryptocurrency will have more time to focus on the real cryptos like STEEM and others and will slowly remove its name from those negative FUD spreaders of crypto being a so called “scam”.

Second message was for anyone who has coins on Bittrex and does not want to lose their investment.

Dear [email protected],

Occasionally, there are circumstances that lead Bittrex to remove a coin's wallet or market from the Bittrex Exchange. These actions are taken to ensure customers have access to digital tokens that continue to meet our strict coin listing criteria and have a properly functioning blockchain and wallet.

As a valued Bittrex customer, we wanted to inform you that we are removing several coin wallets, effective Friday, March 30, 2018, and you have a balance for at least one of the coins being removed. You will have the opportunity to withdraw your balance as long as the blockchain and wallet for that coin are functioning properly.

You must withdraw your coins before Friday, March 30, 2018, or you coins will be unrecoverable.

The full list of coins be removed from Bittrex are as followed.

8BIT
ADC
AM
AMS
APEX*
ARB
BITS*
BITZ*
BLC
BOB
BSTY
BTA
CCN
CRBIT*
CRYPT*
DAR
DGC
DRACO
DTC
FC2
FRK
FSC2*
GEMZ
GHC
GP
GRT
HKG
HYPER*
HZ
J
KR*
LXC*
MAX
MEC
METAL
MND
MTR*
MZC
NAUT
NET
NEU*
NTRN
OC*
ORB
PRIME*
PXI
ROOT*
SCOT
SCRT*
SFR*
SLG
SLING*
SOON
SPRTS
SSD*
STEPS*
STV
SWING
TES
TIT
TRI
TRK
U*
UFO
UNIQ*
UNIT
UNO
UTC
VIOR*
VIRAL*
VPN
WARP*
XAUR
XBB
XC
XCO
XDQ*
XPY*
XQN
XSEED*
XTC
YBC*