I´ve written about this once before already but now there seems to be further evidence of "market manipulation" by McAfee through his social media influence. On www.finder.com one can find a very detailed article on the blackmailing of Verge these days.
Apparently there have been certain agreements in place between the founders and McAfee in order to get the cryptocurrency promoted on social media networks or better said to significantly pump its price. In the beginning everything seemed to work out perfectly but suddenly McAfee started to spread FUD about Verge to get even more money out of the deal...
[Source - https://www.finder.com.au/verge-mcafee-blackmail]
So do you think no one else with some significant influence on social media platforms is doing the same? Do you really believe that every coin of the week is a good investment considering the above mentioned facts? Well I don´t and I honestly think that there are a lot of people out there getting paid and paying off others to move the market into the direction they want it to.
The Cryptosphere is worse than the wild west these days so I´m very very careful whom to trust and what I´m investing in. I´m actually convinced that we´ll see more and more celebrities trying to take influence on the prices of small coins in future so that we´ll have to be even more cautious.
That all being said I hope you recognize that you should never trust any influencers on social media in regards to your financial decisions but rather do your own research instead. Of course you could get lucky and earn something on such a pump but it could go exactly the other direction the next time already! Especially in the cryptosphere it´s recommended to always be extra cautious!
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