Be Very Careful Buying a Coin He Tweets on the "Coin of the Day".
I remember when someone like John McAfee was considered a Pump n Dumper when they did this. Anyone who has his influence. Tweets a a coin he supposedly likes and the price jumps 200% is suspicious. I hope you enjoy handing over your hard earned Bitcoin.
We Used to Call People Pump and Dumpers for Doing Much Less.
His Tweet About Verge, ZCash and Monero Seems Quite Normal.
I saw this tweet and figured he was telling all the newbies what his genuine favorite sector of Crypto was. I do this all the time. I see other influencers like @DollarVigilante doing this and people really appreciate the information.
If You look at the market reaction of Verge since the 13th of December when the Tweet went out it does not have the response as the later daily pics.
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The "Coin of the Day" Should be Retired.
This is how the crypto world gets a bad reputation. What I foresee happening is PnD groups following McAfee and pumping the hell out of his, "Coin of the Day". People will get REKKT and then will complain that the whole industry is a fraud. I have no evidence that John is doing it himself but he did say he had a very large Safex position.
These are Open Markets and We Can Do What We Please.
This is how I feel about life and of course crypto but I also believe we should be prudent. I could be carefree and join groups pumping coins but in the end it just stinks of greed and people will lose respect for me. Profits are great but I am so stinking tired of all of the manipulation in the markets.
John, Please Retire, "The Coin of the Day".
I know it sounded like a good idea. It is still early enough where no damage has been done to the community. Thank you for all you have done for the community.
Wait so he recommends 365 shit coins a year?! That much get challenging to pick shitty plays everyday lol.
thanks for information on beware of pumper n dumper .
Definitely "coin of the day" should retire... It is foolish to recommend new coin everyday.
It is so dangerous when a single person have such an influance on market. Now everybody interested in investing after his/her research on what crypto can be the next one to raise has to take into account what McAfee might be thinking about that crypto. The possibilities of manipulation are just countless. And all we can do is pray and hope that McAfee's intentions are actually right.
Oh the world we live in!
yes it is true that we have to be careful in this world
I see him as evangelizing the industry. We all invest at our own risk. Using celebrity to bring awareness and education is alright in my book.
Until you lose money on one of his recommendations.
I don't need to buy one of his recommendations. No one does. If people want to speculate on coins that they get 140 characters of info on with real money, great. I'm happy to take their money. Hopefully they will size their positions properly and won't lose their shirts. Either way, they will have a valuable learning opportunity as neophyte traders and the rising tide of crypto should take care of them in the long run.
As always, we must always be cautious and remain a man :)
amaizing thing that they also hold on it i don know to thier tweets and this pump and dump and when they will next tweet
Just follow the simple rule "DO YOUR OWN RESEARCH"and you will not regret your decision anymore, no matter if there is loss or profit.
Absolutely. Sadly, many people want to jump on anything in the hope of seeing it "moon", whether they've done any research or not.
@hilarski,
As you said, yeah he is killing the true market! Killer whale, not a pumper a real dumper!
Hope this bad practice will not happen again! Otherwise people loose their faith on Crypto! Excellent article and very useful thing you discuss today too!
Cheers~
"Lose" not "loose" you fricking neaderthal
Very nice post Sir @hilarski, the information is very useful for the new steemian's we understand about the world of Cryptocurrency. By the way I want to ask something to, today I was surprised by the price of the SBD are down the price, if I may know what the cause is, so experiencing such things. Thank you.
The Whole Market is Down.
Thank you so much for your response Sir @hilarski.
think wisely before make investment, because our crypto are more precious!
wow he can manipulate the market in just few words damm
Looks like yes because all coins you said here had a strong pumps after he talked about them so now i'm following him on twitter today i got 50satoshis per each burst i bought
This is a crazy high stakes table we're all playing at, and by high stakes I mean our financial futures and liberty are at stake.
Like may people have said, crypto has the potential to make our future more free or the opposite. It just depends on which systems succeed. I'm of course hoping the liberty minded ones do. He can talk about any coin he wants, and I'll still do my own research. My hope is that others will do the same. "Listen to all. Follow none."
I bought ZenCash on your recommendation as an example. They have a very good mission and their heart is in the right place. The main reason I bought it was for ethical reasons. I believe in their mission and support them. It's nice that the coin is moving upwards, but I have a more important objective in mind than profit.
We are in a fight for our future.
Are we going to break way from the bankster's system of control, or are we going to be ensnared in a new and improved version of the one they have now? This is a battle with serious consequences. Sure, profit from them, but remember the main objective: liberty. I hope people are keeping that in mind as they consider which coins to support or not. It matters!
I know you, Randy, understand that all already though.
Merry Christmas friend, and keep driving forward! 8-)
I am so glad you jumped on Zen. It is one of my fav coins for 2018.
I've heard some suggest it could easily go to 200 per.
That's right, @finnian! I think ZEN can & will see $200+ within the next year. Supply is limited and demand is growing. It's a good one for sure.
I never heard about this"Coin of the day" before.
But there are other people with influence who are doing the same stuff and as you said especially newbies (like me as well) always appreciate some advice or suggestions. But we all musn't forget, being in whole crypto market is on our own risk. No reason to blame anyone after getting burned.
hmmmm that tweet we see now bcz u share it some late if we see it first maybe we dont believe it and think they only wrong and spams with us
We are truelly full free in the crypto market do what we want like this post....
Hello @hilarski,
Extraordinary good news, he can pump or dump crypto market. A very dangerous man. Very informative article & hope to follow him on Twitter.
~@mywhale
I've definitely come to the same conclusion even if he isn't intending to actually do so.
The main issue is that he has a massive social following, so people will jump in on any specific project he mentions. Of course, people are then left with losses when the inevitable dump arrives.
I used McAfee's tweet about Electroneum as an example in my recent post. It was clear that there was going to be a major initial pump when he used described it as "the Holy Grail of cryptocurrency". Of course, it came crashing back down very quickly, and I'm sure a lot of people lost large amounts of money.
What is clear is that people with large social media presences need to be careful about outright name specific projects. People will pump money into anything without doing any prior research.
@hilarski - OMG Sir, this is a bad news... Yes Sir, he must retire... It's a very bad thing for any coin...
John, Please Retire, "The Coin of the Day".
+W+ [UpVoted & ReSteemed]
Congratulations @hilarski
Exceptional article & fantastic news. First time heard a single person could impact on this free market place...!!!
50% Upvoted by @MinnowsPower
You bring up a very valid point @hilarski.
Sadly, the cryptocurrency world does get egg on its face with stuff like this.
Charlie Lee tweeted that he unloaded all his LTC a couple days ago. He is one of the leading faces in the crypto world and unloads just before a crash. I am sure that it is purely coincidental since he doesnt have the ability to pull $200B out of the market. Yet it does give people fodder to chew on.
McAfee is a wild card anyway. If he is going to give his two cents, which does carry weight, it should be on larger coins since he does have the ability to move things. With smaller tokens, it doesnt take much to get them flying since they have little volume.
That is how people get hurt in the pump and dumps. I have no problem with his bitcoin calls (and bets with it) since he wont move the market simply on his word.
ouch that price spike is huge. wondering how long it will go. 😂
Coin of the day does sound scammy. Maybe an in-depth review of one each month or something, but a tweet about an altcoin each day is a bad idea
I appreciate the teachings very much, but at the time of investing I am responsible for my decision. Maybe I am very distrustful and research a lot, I have the habit of reading and I can study a lot. Have criteria to analyze trends and recognize when a lot of noise is made to benefit a product or service.
@hilarski bro he is now being a great market manipulator every coins he tweets about goes 5x-8x ... earlier ago xvg , yestertday etn and now burst ..... i think he has bought those coins at dip and now misusing his power to pump those coin...... i am sure he would have made a million $ atleast......more to go..........and later on goes proving himself innocent....
Well thanks for making such an post ,,,,,,your content has so much of value..
upvoted
Very nice post Sir @hilarski, for me and this information is very useful for our new steemiabagi joined in this steemiant.
Excellent post and you are right, to someone it's time to retire :) Thanks @hilarski
As always, we must always be cautious because our crypto are more precious!
what is amount having they that they pump or dump which nobody have in crypto @hilarski
Cryptocurrencies are the future and thank goodness that we are part of it..good post
great topic @hilarski. Thanks for shating.
i like your post and following.
you always great post,,,,
i will always support you.............//////////
Yes I think so
best your post.thanks for sharing
I have read somewhere that big financial and economic powers such as the Rotchilds invest in the cryptocurrency! It is not possible that it falls easily
he is doing good. i'll follow him now. valuable update @hilarski
@resteemia
great discusion
Electroneum, those who bet more after black Friday in the market
great topic
Very smart questions!!!
I wonder .....🤪
sir ,,,can you tell me please when this christmas sale id going to over... every coin is down.. ??
think wisely before make investment, because our crypto are more precious..thanks for sharing..
Wow...that is good news for me....
I have some burst coin in my polo account...
I think that is good time for convert them to btc...
@hilarski sir....Please give me to any idea?..
Thank U so much sharing this great news....
Good luck sir..
Congratulations!!!
Thanks for sharing your post...
@hilarski
I don't think he should actually recommend a coin unless he truly believes in it. By making a coin of the day recommendation, he actually risks giving crypto a really bad name if people invest in his recommendations and eventually end up losing money.
Yes you are correct @hilarski and we should judiciously choose altcoins
Not just this way...thank you and have a great day.
We should be careful to fall in trap of these calls and rather we should make our own technical and fundamental analysis to judge a coin.
Thanks @hilarski
This sort of thing is otherwise called as influencing the market, thank you for sharing this news and now onward we should be cautious.
steem on and stay blissful.