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

Priyamvada Singh



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.



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