The Thursday February 15th Edition of The Cryptocurrency Novice Report

Welcome to The Cryptocurrency Novice Report for Thursday February 15, 2018.

Word to the Wise

I've been seeing today's featured scam for several months on some web sites, but today they started showing up on a much more popular and reputable site, namely coinmarketcap.com to be specific. This is worrisome since many novice crypto investors may make the mistake of thinking that if coinmarketcap allows them to advertise on their site, they must be legit. Make no mistake, they are not a legitimate company, they are just another Ponzi scam. I give you today's scam...Profitable Morrows.

Just because they have a big advertising budget, does not mean they are legit. And I doubt CoinMarketCap approved their advertising campaign. More than likely, CoinMarketCap just sold the space to a advertising reseller like AdChoinces or MellowAds.

Like almost all Ponzi schemes, Profitable Morrows offer a very lucrative referral bonus.

After all, if you don't have others hawking your scam, then you have to do all the work. And if they are going to steal all your money, they can offer you whatever it takes to turn you into their shill.

Their ridiculously high daily interest rate, coupled with their high referral payout screams of Bitconnect and all the other Ponzi schemes like it. Avoid Profitable Morrows at all costs, because if you invest with them, all your Morrows will be full of Sorrows!

Money For Nothing

Today's free money is information about recurring airdrop, MannaBase.

Mannabase is more than just another airdrop of a few coins, because they are a non-profit that is promoting the idea of Universal Basic Income (UBI). Once you sign up, your airdrop is actually a reoccurring weekly distribution of Manna.

To help spread the word of Manna and promote the Universal Basic Income (UBI) idea, every person you get to sign up for Manna will increase the amount of Manna you receive.

It's all free, so there are no worries about this all being a scam.

The Report

This is another fine day to be in the cryptocurrency market! Here's why...

Bitcoin is currently trading at $10,129, up about 7.5% since this time yesterday. This continued strong upward movement is very encouraging. Look for things to start to heat up as FOMO starts to draw in investors and help propel Bitcoin higher.

Steem is trading at $4.55, up almost 3% in the last 24 hours. Meanwhile, SBD continues to move farther ahead of Steem. Currently SBD is trading at $5.71, up almost 5% since yesterday. Remember, the Steemit market offers a great opportunity to trade your SBD for Steem when SBD outperforms Steem like it has the last few days.

The supply of liquid Steem has decreased a little since yesterday as people begin to see the value of having SP instead of the chance to make a quick buck trading Steem. The liquid supply dropped by about 70,000 Steem since yesterday. Not a lot percentage wise, but still it's good to see the supply decreasing again.

Please note: I am not an investment professional. The information I present here is only my opinion. Get in on the Manna UBI program and someday, you may not need to worry about an 8-5 gig anymore.

Until next time...

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