Welcome to The Cryptocurrency Novice Report for Thursday March 1, 2018.
Word to the Wise
Today, once again, I noticed a new cryptocurrency investment site promising huge daily profits. So I clicked on the link to Rising Hash to check them out.
I was not impressed. What does Rising Hash promise to lure you into sending them your money? Well, they do claim that they will pay you 10% daily profit for the lifetime of your investment.
They also offer a 7% referral program that supposedly pays you every time you con someone into sending them money.
Ok, let's get serious folks. This high interest paying scam site is just a knock off of all the other similar scam sites we've been seeing pop up over the last couple weeks. This one just seems lazier. There is nothing new offered, in fact it seems almost like a scaled down version of the Word to the Wise featured scam site from yesterday. I can only assume they were in a hurry to get the Rising Hash site finished and so they didn't bother with all the bells and whistles that many of the other scam sites have such as tiered interest rates and multi-level referrals.
Don't waste your time or money on this scam. No one can promise 10% daily interest on an investment. And if they tell you they can, they are lying.
Money For Nothing
Today's free money is an airdrop for 50 Taxi tokens from A2B Taxi.
To get your Taxi tokens, just follow the link and fill out the form. 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.
The Taxi token will be used to order taxi service in 46 European cities where Uber and Lyft are making it harder for professional, licensed drivers to make a living. The taxi token will also offer a loyalty reward program. You can check out all that they have to offer on their web site https://a2btaxi.io/.
The Report
The crypto market is having a pretty good day today overall. After yesterday's drop, most coins are following Bitcoin higher. Let's see what our favorite coins are up to.
Bitcoin has once again broached $11,000. Currently it is trading at $11,016 up about 3.2% since this time yesterday.
Steem is trading at $3.44, up almost 3% in the last 24 hours while SBD is trading at $3.75 right now, up just over 1.2% since yesterday. Currently on the Steemit Market, Steem is trading at 0.930 SBD, up slightly from yesterday when it was trading at 0.924 SBD.
The supply of liquid Steem fell by 50,000 Steem in the last 24 hours and is currently sitting at about 78.25 million Steem. Even though the liquid Steem supply is down from two weeks ago when it was at the high of 78.8 million, it is still considerably higher than it's historic levels. This continues to be a concern and should hold the price of Steem in check.
Please note: I am not an investment professional. The information I present here is only my opinion. Remember any site that promises you big returns with only a vague idea of how they generate the money is a scam. ALWAYS!
Until next time...
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