Welcome to The Cryptocurrency Novice Report for Wednesday June 20, 2018.
Word to the Wise
Today on Word To The Wise, we take a look at a new investment site called Elect Blocks.
Elect Blocks has three simple investment plans, depending on how much you want to risk, that they claim will pay you a very large daily return, FOREVER!
But to be honest, after looking over their site, I have my reservations. You see their site is full of incoherent statements like this one.
Or this one.
But the what really causes me to doubt the validity of their site is the address they claim is their corporate headquarters.
You see when I check on Google maps, it turns out that 6 Goldhawk Road, London, UK is really the back room of a pub called The Sindercombe Social. Now I like pubs as much as the next guy, but I would never send money to an investment company who operates out of one.
So if you happen to be in London and are looking for a lively night spot with quality food and drinks, by all means stop by Elect Blocks...er I mean The Sindercombe Social. But whatever you do, do not send your Bitcoin to the seedy little guy in the back booth who claims to be an investment company. Elect Blocks is a scam and they will just steal your Bitcoin.
Money For Nothing
Freedom Coin is having a second airdrop! So today's Money For Nothing is a chance to claim up to 10 more TFC coins from The Freedom Coin.
To claim your free TFC tokens, follow this link to complete the form and get registered for the airdrop.
I can verify that the first airdrop was a success since I now have some Freedom Coins in my wallet. If you missed out on the first airdrop, don't miss this second changce to get some. The Freedom Coin is a new decentralised network governed by MasterNodes. You can own a share of a MasterNode and receive payments without the need or expense of purchasing a full MasterNode. You can learn more at their website www.freedom-coin.io/.
The Report
The cryptocurrency market has been holding fairly steady the last few days. Currently the broad market value is $290 Billion, up less than $1 Billion since this time yesterday. Now here's a closer look at how our favorite coins are performing.
Currently Bitcoin is trading at $6783, up 0.5% since this time yesterday afternoon. Bitcoin continues to trade in a very narrow window of only about $300, like it has for the past six days.
Currently Steem is trading at $1.62, down 4% in the last 24 hours while SBD is trading at $1.27, down 3.5% since this time yesterday.
Currently on the Steemit Market, Steem is trading for 1.30 SBD.
The supply of liquid Steem has actually started to decrease some. Granted it's a very small decrease of only about 120,000 Steem in the last couple of days. There are currently 77.83 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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