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John McAfee says not to panic in the panicky Bitcoin [BTC] bearish market!

Simran Alphonso

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John McAfee says not to panic in the panicky Bitcoin [BTC] bearish market!
Source: Pixabay

John McAfee has been one of the most popular online influencers of the crypto community. The former CEO of McAfee associates is known for his price predictions of the crypto market and the ability to influence traders.

John McAfee tweeted:

“Do not panic about the drop in Bitcoin’s price. It is an overreaction to the news that Bitstamp, Coinbase, itBit and Kraken are being investigated for price manipulation. This will delay the bull market by no more than 30 days. Don’t buy into the fear. Buy the coins.”

The market has shown bearish signs for the past two days. McAfee, in this panicky situation of drops, asked his followers not to panic as the prices have dropped for good. It is a time to invest, as Coinbase, Bitstamp, itBit, and Kraken are being investigated for any price manipulation techniques. This could be one of the major reasons why the bull market is delayed, McAfee states, the bearish market will not extend over 30 days.

Felix Lopez, a Twitter user commented on McAfee’s tweet:



“Is a game, don’t get scared and be patient. Don’t get into that trap, to me is an opportunity to increase my holdings with fresh fiat”

While Vijay Krishna, a crypto-enthusiast commented:

“Are you trying to prove that this is not Whale’s manipulation?Come on hundreds of dollars drop in few Minutes is not organic & whales create these to make more money. Crypto wealth is too centralized & we talk of Decentralization etc. Come on John let’s talk the reality!”

The bearish market stores a history of manipulators. The traders of the crypto-world have speculated a number of reasons as to what makes the market red. Cryptocurrency market has lost over $50 billion of its value during the weekend, as all major coins turned red. Ethereum, Bitcoin Cash, and Ripple experienced a fall of 11% the market is still at the time of writing running low and red. 





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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

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