Welcome to the Morning Edition of The Cryptocurrency Novice Report for January 19, 2018.
To start the morning right, I've decided that it's time for a little "Truth in Advertising" for Bitconnect. So in an effort to have it's name more accurately reflect what a giant cesspool of a Ponzi scheme this whole thing was, I'm officially shortening it's name to BitCon.
Hopefully, this rebranding will help people see the true nature of this train wreck.
The Report
No news is good news! Not much to rock the cryptocurrency world this morning. Which after the week we've had, is a welcome change. I can certainly understand why they considered the old saying "May you live in interesting times" to be a curse.
Bitcoin was fairly stable last night, Staying in a range between $11,200 and $12,000. Currently Bitcoin is down a little more than 1% from this time yesterday. I think that if Bitcoin has a few days of rest at this level and continues to hold above $11,000 we should see it move up again next week. That is, if the Asian governments can refrain from saying anything stupid about possible bans of crypto exchanges or coins. That may be a tall order.
Steem is starting the day off with a bang! Steem is up over 16% currently from yesterday, while SBD is up a whopping 35%. This is the "interesting times" that makes it all worth it.
I'm not going to spend any time looking at the supply of liquid Steem so I can get this published. I'll try to have more info this afternoon.
Please note: Bitcon (formerly known as Bitconnect) is a bag of lies! Also, I am not an investment professional. The information I present here is only my opinion. You don't need to be an investment professional to know Bitcon (formerly known as Bitconnect) was a con job, you just needed to use a little common sense and look at the scum that was pushing that crap. Use your brain, invest wisely.
Until next time...
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