The Wednesday April 4th Edition of The Cryptocurrency Novice Report
Welcome to The Cryptocurrency Novice Report for Wednesday April 4, 2018.
Word to the Wise
A couple days ago I came across a new high interest paying investment company called Flash Crypto Ltd.
I was unable to spend the time to investigate them until now and I truly hope none of you were unfortunate enough to invest in them before I had a chance to report on their business. Why? Because they are a scam.
The most telling indication that they are dishonest is in the details of their investment plans. Is it the claim that they will pay you over 1500% interest annually? Well yes, but there is a even more glaring indication of deceit. It's right there, Deposit term: FOREVER!
No one can ever guarantee you interest forever and if they claim they can it's an obvious scam. But what other clues might there be on their website to let you know they are a scam? Well, there's this little cherry, in the link to their company registration. The part that says they still don't have a Registered office address even though they were incorporated almost 5 months ago and have been online for 5 days.
Those are more than enough proof for you not to send any money to Flash Crypto Ltd. And really, their website is so scarce on details, there is not a lot more to base it on. But that is a good indicator in and of itself. Do you really want to invest your hard earned money in an anonymous online company that provides no information about themselves. I know I don't. Save yourself some headaches and heartaches and stay away from this scam.
Money For Nothing
Today's free money is an airdrop for 100 free MXM tokens from MaxiMine.
To get your free MXM tokens, just follow the link to start the MaxiMine Airdrop Bot and register for the airdrop. You will need an ERC20 compatible Ethereum wallet address to receive the tokens.
If you don't already have an ERC20 Ethereum wallet, you can get one from MyEtherWallet.com for free.
MaxiMine is a startup company looking to build a cryptocurrency mining operation in northern China. Holders of MXM tokens will be able to use them to rent equivalent hash power from MaxiMine or stake the tokens and earn a share of the mining revenues. It's not a completely original idea, but an interesting one nonetheless. If you would like to learn more about MaxiMine, visit their website at http://www.maximine.io//.
The Report
After having a generally UP day yesterday, the cryptocurrency market is back in the doldrums again today. Here's what our favorite coins are up to now.
Bitcoin is currently trading at $6888, down 7.7% in the last 24 hours.
Steem is currently at $1.87, down 10.1% since yesterday afternoon. SBD , which had an awesome day yesterday, is trading down a little today, but has managed to hold on to most of yesterday's gains. Currently SBD is trading at $2.43, down 4.7% since this time yesterday.
The Steemit Market currently has Steem trading for 0.791 SBD thanks to the huge surge in the price of SBD yesterday. That's the cheapest SBD price for Steem that we've seen on the Steemit Market in several weeks.
The supply of liquid Steem dropped by approximately 40,000 Steem over the last two days. Currently there are 76.62 million liquid Steem. That's not much of a drop percentage wise, but every little bit helps support higher Steem prices.
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...
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Sir, i think sbd 3+ rate in 10 day.Do You know that sbd price next month
I hope it goes to $3, but I think it will slide back to price parity with Steem over the next few days.
excellent..and thanks for your support...(more sideways action for bitcoin..forming a nice base here..needed..than mucbh higher.)
I agree. The longer we have sideways (or slight up trend) on Bitcoin the stronger the base and bigger the eventual push up. Then we let FOMO take us to new highs.
Another day another scam. The number of new scams popping up speaks to the strength of Bitcoin. If Bitcoin was headed to $0 there wouldn't be so many scammers trying to steal it.
True, at least the scammers have faith in Bitcoin right now. Otherwise they wouldn't be spending so much time and effort on stealing all they can.
I believe that their scams only have a negative impact on the Bitcoin. When so many people lose so much to a scam like Bitconnect all of crypto suffers because many will abandon it forever. So it is strange to see these scammers spend so much effort to steal something that they are helping to destroy by their actions.
Thanks for the airdrop. If they get their cloud mining platform set up and running I might give them a try.
It does look interesting. If they are not a scam.
that's hourly scam going on thanks for sharing about them and the crypto report :)
My pleasure.