Is John McAfee Now a Run of the Mill Pumper and Dumper?

in #bitcoin7 years ago

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Be Very Careful Buying a Coin He Tweets on the "Coin of the Day".

I remember when someone like John McAfee was considered a Pump n Dumper when they did this. Anyone who has his influence. Tweets a a coin he supposedly likes and the price jumps 200% is suspicious. I hope you enjoy handing over your hard earned Bitcoin.

We Used to Call People Pump and Dumpers for Doing Much Less.

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His Tweet About Verge, ZCash and Monero Seems Quite Normal.

I saw this tweet and figured he was telling all the newbies what his genuine favorite sector of Crypto was. I do this all the time. I see other influencers like @DollarVigilante doing this and people really appreciate the information.

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If You look at the market reaction of Verge since the 13th of December when the Tweet went out it does not have the response as the later daily pics.

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The "Coin of the Day" Should be Retired.

This is how the crypto world gets a bad reputation. What I foresee happening is PnD groups following McAfee and pumping the hell out of his, "Coin of the Day". People will get REKKT and then will complain that the whole industry is a fraud. I have no evidence that John is doing it himself but he did say he had a very large Safex position.

These are Open Markets and We Can Do What We Please.

This is how I feel about life and of course crypto but I also believe we should be prudent. I could be carefree and join groups pumping coins but in the end it just stinks of greed and people will lose respect for me. Profits are great but I am so stinking tired of all of the manipulation in the markets.

John, Please Retire, "The Coin of the Day".

I know it sounded like a good idea. It is still early enough where no damage has been done to the community. Thank you for all you have done for the community.

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Wait so he recommends 365 shit coins a year?! That much get challenging to pick shitty plays everyday lol.

thanks for information on beware of pumper n dumper .

Definitely "coin of the day" should retire... It is foolish to recommend new coin everyday.

It is so dangerous when a single person have such an influance on market. Now everybody interested in investing after his/her research on what crypto can be the next one to raise has to take into account what McAfee might be thinking about that crypto. The possibilities of manipulation are just countless. And all we can do is pray and hope that McAfee's intentions are actually right.

Oh the world we live in!

yes it is true that we have to be careful in this world

I see him as evangelizing the industry. We all invest at our own risk. Using celebrity to bring awareness and education is alright in my book.

Until you lose money on one of his recommendations.

I don't need to buy one of his recommendations. No one does. If people want to speculate on coins that they get 140 characters of info on with real money, great. I'm happy to take their money. Hopefully they will size their positions properly and won't lose their shirts. Either way, they will have a valuable learning opportunity as neophyte traders and the rising tide of crypto should take care of them in the long run.

As always, we must always be cautious and remain a man :)

amaizing thing that they also hold on it i don know to thier tweets and this pump and dump and when they will next tweet

Just follow the simple rule "DO YOUR OWN RESEARCH"and you will not regret your decision anymore, no matter if there is loss or profit.

Absolutely. Sadly, many people want to jump on anything in the hope of seeing it "moon", whether they've done any research or not.

@hilarski,
As you said, yeah he is killing the true market! Killer whale, not a pumper a real dumper!

Hope this bad practice will not happen again! Otherwise people loose their faith on Crypto! Excellent article and very useful thing you discuss today too!

Cheers~

"Lose" not "loose" you fricking neaderthal

think wisely before make investment, because our crypto are more precious!