The Thursday March 22th Edition of The Cryptocurrency Novice Report
Welcome to The Cryptocurrency Novice Report for Thursday March 22, 2018.
Before we get started, I would like to invite everyone to check out my son's new series of posts about a documentary he is working on covering the Civil Rights Movement. You can find the first post of the series here: https://steemit.com/travel/@mark.feuerborn/southern-travels-a-documentary-project. Please take a moment to stop by and give him an upvote and leave a comment.
Word to the Wise
Today on Word to the Wise we feature another investment company called Bit Holder Limited.
They offer three very high interest paying investment plans. All three plans claim to pay you forever.
They also offer a very generous referral program.
But when I started looking a little closer at Bit Holder, I started noticing some flaws. First, the site is littered with poor English and misspelled words. The site is so sloppily put together that it's difficult to determine if the company is called Bit Holder or Bitholder since they list it both ways throughout the site.
Then of course there is this huge whopper of a lie! What real investment can you not potentially lose your investment? Anytime someone tries to get you to invest in something that you cannot lose money in, it is a lie.
Interestingly, once you invest with them, you are locked in, FOREVER! Even if you wanted to drop out, they won't let you. Apparently you will be forced to continue to earn massive amounts of Bitcoin whether you want to or not.
Ok, enough silliness, Bit Holder Limited is an obvious scam. No one can guarantee to pay over 5000% interest year after year. For starters, there is a practical limitation on the number of Bitcoins in existence. If you sent them 70 Bitcoin (the maximum investment), then compounded your earnings by reinvesting, in just over 3 years you would own all Bitcoins that will ever be created. So their claims are verifiably false. Avoid Bit Holder Limited and all high interest paying sites at all costs. They are all just a scam!
Money For Nothing
Today's free money is an airdrop for 80 free Tron(TRX) tokens just for registering on Huobi Exchange.
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To get your free tokens, just follow the link to the airdrop registration page, follow the Huobi link to create an account and then enter your Huobi UID for the airdrop. You can also get an additional 40 Tron tokens for everyone you refer to Huobi. Currently on CoinMarketCap Tron is worth about $0.036 each.
This is a terrific chance to pick up some free Tron. Unfortunately, this offer does not appear to be valid for residents of the USA, so I cannot participate.😢
The Report
After a couple of positive days, the cryptocurrency market is mostly lower today. Here are what our favorite coins are up to at the moment.
After bouncing above $9000 off and on the last couple of days, Bitcoin has spent today a little lower. Currently Bitcoin is trading at $8633, down 3.5% in the last 24 hours.
Steem and SBD are following Bitcoin lower. Currently Steem is trading at $2.15, down 2.8% in the last 24 hours while SBD is trading at $2.16, down 5.6% since yesterday afternoon.
On the Steemit Market, Steem is trading at 0.987 SBD. Since the price difference between the two coins right now is only 1 cent, the price of Steem should be effectively 1 SBD. This means the Steemit market is a bargain right now, albeit a small bargain.
The supply of liquid Steem continues to dry up, dropping another 27,000 Steem since yesterday. Currently there are 76.8 million liquid Steem. The falling quantity of liquid Steem, even if it's only a little should eventually have a positive effect on the price of Steem.
Please note: I am not an investment professional. The information I present here is only my opinion. I do not encourage you to invest in any coin I mention, especially those featured in the Money for Nothing section, since most of these are not going to make it and may even be a scam. I only suggest you claim the free airdrops offered, nothing more.
Until next time...
Proud member of @qurator! Click below to find out more about this fantastic Steemit community.
Hope he gets to a great position like you in this community :)
Well got that scam ;)
While was not able to get the airdrop seems like my country is missing for the moment ;)
Thank you for taking the time to upvote and comment on his post. I truly appreciate it.
Always glad to be of use :)
Thanks to you as well for taking the time and helping me out :)
Glad I could help.
I wish US residents didn't always get shut out of airdrops and ICOs.
It definitely sucks that our leaders are trying to "protect" us from all this opportunity to make money.
Please be sure and stop by my son's blog and check out the first post in his Civil Rights documentary series here: https://steemit.com/travel/@mark.feuerborn/southern-travels-a-documentary-project.
This is a beauty. "No, you can't lose money. We make every effort to insure the safety of your assets."
Wait, so you can't lose money, but they can't explain how they will protect it.
I think it's part of their secret sauce recipe. Just like how they can pay such high returns of investments.
Please be sure and stop by my son's blog and check out the first post in his Civil Rights documentary series here: https://steemit.com/travel/@mark.feuerborn/southern-travels-a-documentary-project. All comments and upvotes are greatly appreciated.
Thanks for sharing your greet information.
Keep it sir
You're welcome!
Please be sure and stop by my son's blog and check out the first post in his Civil Rights documentary series here: https://steemit.com/travel/@mark.feuerborn/southern-travels-a-documentary-project. All comments and upvotes are greatly appreciated.
Really sir @mark doing very good job and i followed her
I am not trying to be a persistent bear here but I want to say that one or two days of upward movement in price do not establish a trend. Particularly when volumes continues to be relatively low when compared to previous uptrends. Even during bear markets, we get “dead cat” bounces that are traps for those of us that are looking to continue buying at attractive prices. Word of advice is to wait for volume to confirm upward trends while breaking key resistance levels higher. However, I do hope I am wrong and the move is to the moon!
I agree, at this point I'm more interested in where the floor is than short term bounces.
Please be sure and stop by my son's blog and check out the first post in his Civil Rights documentary series here: https://steemit.com/travel/@mark.feuerborn/southern-travels-a-documentary-project. All comments and upvotes are greatly appreciated.
does that tron get credited immediately ?
I didn't see any reference to when the Tron is credited. Since I wasn't able to participate in the airdrop😢 I have no personal experience information to offer either.
Please be sure and stop by my son's blog and check out the first post in his Civil Rights documentary series here: https://steemit.com/travel/@mark.feuerborn/southern-travels-a-documentary-project.
Thanks for sharing this great information with us keep it up you are doing great job for the community Keep it up i wish you all the best
Thank you very much!
Please be sure and stop by my son's blog and check out the first post in his Civil Rights documentary series here: https://steemit.com/travel/@mark.feuerborn/southern-travels-a-documentary-project. All comments and upvotes are greatly appreciated.