John McAfee is blatantly using pump and dumps as a way to gain money. Not only from the pump and dumps themselves but from charging teams and crypto enthusiasts to do promotional tweets about the cryptocurrency on twitter. This all comes from his website called "McAfee crypto team."
https://mcafeecryptoteam.com/effect.html
"Within the cryptocurrency industry, nothing can match the power of a McAfee tweet. Frequently, a single tweet has resulted in more than a million dollars of investment into an ICO, and multiple currencies have increased more than 100% in price from a single tweet."
Further, he tries to entice crypto teams to join in the pump and dump scheme by showing them the potential of his twitter following by showing off the numbers.
However, it's not just any coins that McAfee pumps... He says they turn down 90% of the applicants as he only tweets about things he actually believes in. Which is utter bullshit.
He's been known to promote verge, a privacy cryptocurrency. Verge recently had it's twitter account hacked and allegations that the platform leaks IP addresses... All HUGE no-no's for a privacy coin. If McAfee would have done his research in an unbiased fashion, he would have realized that verge isn't the best privacy coin. But... he was blinded by the potential for easy money.
Further, Verge was attacked earlier today by a hacker creating about one million coins and dumping them across exchanges. sigh I wish hackers would stop and teams would be better about securing their networks. Just shows the McAfee really didn't do his research.
https://thenextweb.com/hardfork/2018/03/14/verge-cryptocurrency-twitter-hack
https://news.bitcoin.com/privacy-coin-verge-allegedly-leaking-users-ip-addresses/
Coin creation: https://bitcointalk.org/index.php?topic=3256693.0 and
https://twitter.com/vergecurrency/status/981578693062610950
- vergecurrency
I'd advise people to stay AWAY from McAfee or anyone promoting cryptocurrencies! They almost always have hidden agendas behind the promotional article or tweet. They likely load up before the tweet or article on the cryptocurrency and then pump the price in order to dump their bags.
However, I try and be different than the rest of the cryptocurrency world. I am trying to build a high quality, research orientated team that looks into all aspects of the cryptocurrency and under no circumstances will I accept payment to promote a cryptocurrency.
I choose not to accept payment for my articles on cryptocurrencies because I believe that it skews my perspective and I want to stay unbiased. Further, I also show provide a list of potential biases at the end of every article. I try list my holdings in the coin and the percent it represents in my portfolio.
What John McAfee does is very damaging to the cryptocurrency world. It shows how unregulated the space is and how influences can be manipulated. We need LESS greedy and biased people in the space, and more unbiased and honest perspectives on cryptocurrencies. And I am trying to provide that to the community.
Thanks for reading. And remember, do your own research!
don't forget to upvote and reblog :D
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