Welcome to The Cryptocurrency Novice Report for Thursday March 29, 2018.
Word to the Wise
Most scam websites are designed to trick you so they can steal your money. To accomplish this, they usually put in a lot of time and effort to build a realistic looking site in the hopes of duping unsuspecting users into sending them Bitcoin. But today's featured site on Word to the Wise doesn't bother with any of that. I present to you the absolute worst scam site I've ever seen, Bitrare. They're so lazy they didn't even bother to design a logo.
When you get to the site, the first thing you see is this interesting little About Us description where they come right out and say they are a bunch of "ancient" criminals who are eager to share their ill gotten gains with you. Yeah right!
Of course, since they are "ancient", they've been around a long, long time. So when they claim their plans will pay you FOREVER, you should believe them. Even though they have only been around since March 24, 2018. Less than a week. But they are "ancient".
But I think the most fascinating bit of information I found on their website is this little gem.
Whaaaaaaat? This is a charitable donation? I thought I was investing with a bunch of "ancient" criminals.
I could spend hours documenting the poor English, confusing statements, malfunction buttons and more of this garbage site. But I won't. I will just leave you with this simple thought, Bitrare is trash and an obvious scam. Don't waste your time with it.
Money For Nothing
Today's free money is an airdrop for a share of the free ALX token distribution from ALAX.
To get your free ALX tokens, just follow the link to register for the airdrop. 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.
ALAX aims to bring blockchain innovations to mobile gaming to ease payment and distribution problems. To learn more about ALAX, go to their website https://alax.io/.
The Report
The cryptocurrency market has been moving lower the last couple days. Here's a look at how our favorite coins are faring.
Bitcoin is currently trading at $7458, down 6.4% in the last 24 hours.
Steem is currently at $1.71, down 4.7% in the last 24 hours. SBD meanwhile is trading at $1.66, down 4.3% since this time yesterday.
The Steemit Market currently has Steem trading for 1.071 SBD. That's a little high. With the current price ratio of SBD to Steem, we should be seeing Steem trading for about 1.03 SBD. Make your trades accordingly.
The supply of liquid Steem has been relatively stable the last couple days. There has been a decrease of only 9,000 Steem since Tuesday afternoon. Currently there are 76.73 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.
Btw, I added your your channel and updates in my recent post about spotting scams (I won't spam the link here but you can find on my blog if interested in checking it out). Keep up the great work.
Thank you. I was honored to be included in your post.
Surely no one is foolish enough to send money to these ancient hyipers. They even claim to be stealing electricity.
Greed is a pretty strong motivator.
Good post!! and your support is well appreciated!
Thank you. I'm always happy to support a talented author like yourself. I'm looking forward to enjoying many more of your posts in the future.
Thanks for the airdrop offer. These mobile gaming ones seem all the rage right now. If I sign up for enough of these, maybe I'll get lucky and hit one that moons.
Hopefully one will pop and we can both make bank.
Yes sir,it is true that most scam websites are designed to trick we so they can steal our money.
The richie rich investment trick here hhaha that's awesome lol thanks for sharing about it and spreading news about it
I think you do a very interresant information thank you.
Hello @gregory-f. Thank you for sharing. My 300+ followers will like that too. Greetings
wow very excellent post Thanks for sharing i will done upvote..../////
HI, @tanisha1. thanks for your all post,,,then I'll wait for your everyday post,,,your post very very importent post, please, your project evryday post, I like your post, your project very very smart project, ,,, I like it your projec
All other crypto and BTC are growing down... its very bad news for crypto holders... Today BTC decrease 500 USD... surprising.... @gregory-f
Adding "donation" there might be the smartest thing they did. At least then when they are sued they can say "we were just asking for donations!"
nice info