The Tuesday March 13th Edition of The Cryptocurrency Novice Report
Welcome to The Cryptocurrency Novice Report for Tuesday March 13, 2018.
Word to the Wise
Today while looking for new ICOs to investigate, I stumbled upon DivinumCoin.
After my first cursory glance through their website, I thought, "This doesn't feel quite right". And then it hit me! Bitconnect! This is a stinking Bitconnect clone! So, what was my first clue? Well they have the same 4 horsemen of the apocalypse as Bitconnect... Lending, Trading, Staking and Referral.
Then there is the Roadmap that promises a lot, coin price wise, but has no substance what-so-ever.
The About Us section has no information about them at all.
Of course there is the lure for you to become their shill by promising you a big slice of the pie for bringing in others.
Apparently the scammers pushing DivinumCoin think we all have a very short memory. After all, they are trying to push a Bitconnect clone less than 3 months since Bitconnect collapsed after being exposed as a giant Ponzi scheme. Please do yourself a big favor and stay away from this scam. When DivinumCoin implodes and everyone has nothing but a wallet full of useless coins you will be glad you did. And if someone you know tries to talk you into investing in DivinumCoin, RUN AWAY!
The Report
With Bitcoin trading in a fairly narrow range of less than $500 the last 24 hours, the broad cryptocurrency market is a mixed bag of gainers and losers, with few coins moving significantly in either direction.
Bitcoin is currently trading at $9122, up 0.5% in the last 24 hours.
Right now Steem is trading at $2.38, down 1.2% in the last 24 hours. SBD on the other hand is moving higher today and is currently at $2.59, up 2.5% since yesterday afternoon.
Currently on the Steemit Market, Steem is trading at 0.931 SBD. With SBD moving up verses Steem, we once again have the opportunity to use SBD to acquire more Steem with 50/50 post payouts, than with 100% Steem rewards.
The supply of liquid Steem fell by about 140,000 Steem since yesterday's report. Currently there are about 77.3 million liquid Steem. This continued decrease in the amount of liquid Steem, even though small percentage wise, should help push the price of Steem higher over time.
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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Any ICO saying their target price is an 80,000% gain in 5 months should be treated as a complete scam until proven otherwise.
Absolutely, just stating that a coin will be worth $x.xx on such and such date, does not make it so. Especially once you are listed on external markets. Their price estimates are...optimistic to say the least.
Thanks for the warning. Moneroconnect was also a thing for a shortwhile after the bitconnect finally collapsed.
I'd say the general population is still pretty clueless on cryptos, but the knowledge is creeping up just slightly. I can't wait until all the shitty alts are finally weeded out as well.
Unfortunately, like weeds, it seems every time one shitty alt is removed two more spring up in it's place.
Thank's for the warning.Now it has become a matter of concern for all crypto related people this kinds of scam.This is creating problem for crypto market people will be harassed by this kinds of site then they will blame crypto currency for their harassment.The total crypto market is in very confusing mode,no one knows what will happened.I am looking at the SBD price and praying that it goes up.Thanks for the post.@upvoted
You're welcome.
Now lending platforms sucks in real time :( hopefully people are aware about all the hype
I'll keep posting about these scams until everyone learns to spot them, or they all disappear. Which should happen at the same time.
DivinumCoin will run away we better run away from it hahah
Very true! I seriously doubt this one will be around come summer.
market just took a big dip can't understand it its totally unpredictable
Normal market fluctuations it seems.
wise report to follow again nice detailed report on everything :)
Thank you!
you create a great information....i know some new from your post...and i waiting for your next post...thanks
You are welcome.