The Tuesday May 15th Edition of The Cryptocurrency Novice Report

in #cryptocurrency6 years ago

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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.

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Bit Data Trading offers several different investment plans that pay a very high interest rate on an daily basis.

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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.

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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.

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But of all the outlandish claims they make on their website, this one is the culmination of their deceit.

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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.

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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.

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Bitcoin is currently trading at $8673, down 0.1% since this time yesterday morning.

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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...

Proud member of @qurator! Click below to find out more about this fantastic Steemit community.

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Losing $70B in market cap is a bad weekend. I feel like it's going to gain that back quickly. I like the prospects of the sports betting news helping to give some projects a boost. What do you think?

Wow, that company is the backbone of Bitcoin lmao!

Nice update.

Indeed, I would expect any gambling based coins to have a brighter outlook after the Supreme Court ruling.

I'm sure they meant to say that their company's 12 mining rigs are the backbone of Bitcoin. Why they probably supply 0.000000001% of the network hashrate with that many rigs.

The ROI is unbelievably high in this issue ;)

They do undertsand that there are people who actually have idea of BTC and crypto but as the way they are implementing the site seems like no one has any info on the background of BTC lolz.

I'm guessing they gave up on attracting anyone who actually understands how Bitcoin functions and are just hoping to scam some newbs.

That might be the case I suppose.

Lol! I have almost as many mining rigs as they do. I didn't know that was all it took to qualify as a farm. I should open a risk free investment site too. Or better still, a cloud mining rental site.

Who wants to rent out a rig from my mining farm?

Maybe it would be better to just concentrate on an honest trade like mining coins.

Signing up for the Rewardstoken airdrop. This is going to be huge! This may become the biggest crypto in terms of adoption and lead to other cryptos becoming mainstream.

Yeah, I like the prospects of Rewardstoken too. Hoping it Moons! But remember, this is NOT investment advise.

excellent work as always my friend..you may find of interest my "just up".

Thank you, going to check it out now.

Insane ROI hahah never seen that before lol :D

They gotta offer insane ROI to compete with all the other scam sites offering insane ROI.

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.

WOW that was a great news, I'm gonna claim that and tell my friends about this. Free 20 tokens is enough.
Thank You always appreciate your valuable and helpful update.
Keep it up . I will wait for your next update.

Good choice! Nothing better than free coins.

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".

You discussed here about an important issue, Many people trusted them and invested in them. But alas ! they are scam !
But thanks for your awareness, it gonna help lot of people to careful about this kind of issues.
Thanks for your helpful information.

I hope it does help a lot of people stay say in their investments.

cryptocurrency is the most valuable thing on this digital age,,
This may keep a important role on economy,,
Thanks for sharing..
@upvoted

its a most valuable informative post..always we can know the update news for your best share..that so much helpful for us...

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