The Wednesday May 23rd Edition of The Cryptocurrency Novice Report

Welcome to The Cryptocurrency Novice Report for Wednesday May 23, 2018.

Word to the Wise

Today on Word To The Wise we take a look at a brand spanking new high interest paying website called AsiaProfit.

Just how new is Asia Profit? Well, according to their website, they have been online only 6 days.

That's not a very long track record for an investment site. But at least they try to make up for their inexperience by offering lots of high interest paying investment plans.

While their offered plans look impressive and their site seems professional enough at a quick glance, a more in depth viewing reveals many problems. First, if you try to view their Team using the link on the website, you go to the wrong page. In fact I could find nothing about the actual team anywhere on the site.

If you want to contact them by phone, don't try to dial the number on their Contact section because it's not a real number.

If you want to read more about the company, don't go to the About AsiaProfit page, because it was just copied from another company and is most likely false.

Finally, don't try to look up it's company registration like they want you to, because the company number is also fake.

And will just give you this result if you bother to check it.

So, after looking at all the problems with the website, it's easy to conclude that AsiaProfit is a scam. Their website is just a copy of another scam site that is no longer functioning. Save your money and your sanity. Stay away from AsiaProfit and never send them your money. It will just disappear like their Team did.

Money For Nothing

Today's free money is an airdrop for 7.5 SAM tokens from Swiss Alps Mining.

To get your free tokens, just follow the link and fill out the registration 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.

Swiss Alps Mining is a startup looking to solve two of the major expenses in Cryptocurrency mining, electricity and cooling costs, by locating their mining equipment in the Swiss Alps. This location coupled with waste heat capture techniques allow them to generate a portion of their electricity and economically cool their equipment. You can learn more about the company at their website https://www.swissalpsmining.io/.

The Report

The cryptocurrency market has been in a funk for a few days now and is really getting hammered this afternoon. Now let's see how our favorite coins are preforming.

Bitcoin is currently trading at $7571, down 8.1% in the last 24 hours.

Steem has retreated a bit and is currently trading at $2.77, down 10.4% in the last 24 hours while SBD is currently trading at $1.90, down 13.3% since this time yesterday afternoon.

Currently on the Steemit Market, Steem is trading at 1.552 SBD. With SBD continuing to fall faster than Steem, expect your Steem Dollars to buy less and less Steem as time goes on.

Currently there are about 77.42 million liquid Steem. That's a rise of only about 90,000 Steem in the last 5 days, so the recent rise in the amount of liquid Steem seems to be slowing some.

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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