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John McAfee stands brave against the bear spooking Bitcoin [BTC]

Priyamvada Singh

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John McAfee stands brave against the bear spooking Bitcoin
Source: Pixabay

John McAfee, the great entrepreneurial mind, and crypto-celebrity tweeted a ‘let’s-get-real’ post on the plunged Bitcoin prices touting the positive future of the cryptocurrency’s price. In his tweet, McAfee stated:

“Ok people: Can we please get real? One year ago to the day, Bitcoin was at $2,560. Today it is over $6,000. That is a 140% increase. This year to year increase has been accelerating significantly. Stop the short term thinking. Get real.”

According to CoinMarketCap, on this very day, a year ago, Bitcoin was trading at around $2,785 with the market cap reaching $46 billion. Though McAfee has recorded an increase of 140% in the price, the fluctuations undergone by Bitcoin prices is not a matter of ignorance but of concern. The volatility within the crypto-market has spooked the traders to a point where a panic-and-sell situation has emerged again.

Today, the price of Bitcoin dropped below $6000 before jumping back up. This has been the price has fallen in 2018. In the past 30 days, Bitcoin price went as high as $7,904 with a market cap approaching $6 billion. At the time of writing, Bitcoin was trading at $6,124 with a market cap of close to $105 billion. The past 24 hours have seen a change of -1.03% in its price at a trading volume of over $4 billion.

it.ends, a gamer and crypto-follower, argued:



“What about your algorithm that “has never been wrong”? You called BTC 15k in June and you were dead wrong. So much for that.”

To which, a McAfee fan OMa, replied:

“It was rescheduled by him to mid july.”

crypto_events, a popular Twitter handle, also commented:

“Bitcoin in Jan 2017 cost 970$, in June 2017 it cost 2,750$, it showed growth. In Jan 2018, bitcoin cost 16,000$, in June 2018 it costs 6,000$. The market in the stage of falling, enough to inspire people nonsense. Market falling there is no sense to compare bitcoin with last year”





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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