Welcome to The Cryptocurrency Novice Report for Tuesday May 15, 2018.
Word to the Wise
Today on Word To The Wise, we take a look at another high interest paying investment website that claims to offer it all called Bit Data Trading Limited.
Bit Data Trading offers several different investment plans that pay a very high interest rate on an daily basis.
Unfortunately, their website leads one to question their legitimacy. For one thing, even though they repeatedly claim to have been in business for several years, their investment site has only been active for 6 days.
Then there is the terrible grammar and utterly nonsensical statements throughout the entire site epitomized by their About Us disclosure. Most troubling of which are the claims that their "company forms the core backbone of bitcoin" and their "possession of a dozen mining rigs" which apparently make up their powerful cryptocurrency mining farms which they claim are located in northern England.
But of all the outlandish claims they make on their website, this one is the culmination of their deceit.
6 days of "experience shows" nothing, certainly not that they can claim your investment is risk free. As we all know by now, there is no such thing as a risk free investment. Since Bit Data Trading claims theirs is, then we know they are a scam. So do yourself a favor and do NOT send any money to Bit Data Trading. They will just steal it and leave you wondering what ever happened to their 12 mining rig "farm".
Money For Nothing
Today's Money For Nothing is a chance to earn 20 free RWRD tokens from Rewardstoken.
To claim your free RWRD tokens, follow this link and complete the tasks to earn 20 free tokens. You will need an ERC20 compatible Ethereum wallet to claim the tokens.
If you don't already have an ERC20 Ethereum wallet, you can get one from MyEtherWallet.com for free.
Rewardstoken is affiliated with Rewards.com and is the new token that will be used by many companies as a loyalty reward. You can learn more about Rewardstoken at their website https://www.rewardstoken.io/.
The Report
The cryptocurrency market lost over $70 Billion in value over the past weekend according to CoinMarketCap. Since hitting the low Saturday morning, the market has managed to claw back above the $400 Billion mark and is currently at $404 Billion. Now, here's a look at how our favorite coins are performing.
Bitcoin is currently trading at $8673, down 0.1% since this time yesterday morning.
After briefly trading below $3 over the weekend, Steem is currently trading at $3.16, up 0.04% in the last 24 hours. SBD meanwhile is also moving higher and is currently trading at $2.61, down 0.8% since this time yesterday.
Currently on the Steemit Market, Steem is trading for 1.213 SBD. Look for Steem to get more expensive as the two coins move farther apart.
The supply of liquid Steem continues to slowly rise. Since last week the amount of liquid Steem has increased by 262,000 Steem. A small but significant amount if this trend continues. Currently there are 77.14 million liquid 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...
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