John McAfee on the cryptocurrency price crash: stop panicking

Negative John McAfee on the cryptocurrency price crash: stop panicking

John McAfee says he's seen it all before, arguing that a "glorious spring" is going to follow the current wintry conditions in the crypto markets...

Predictions of doom and gloom are not in short supply around the cryptocurrency market at the moment. However, even as the price of Bitcoin and pretty much every other cryptocurrency of note continues to tumble, there are one or two who are advising caution. More than that, advising people to just calm down and take the long term approach.

One of those people is controversial cryptocurrency advocate - and upcoming US Presidential candidate (again) - John McAfee. McAfee has regularly argued for the long game when investing in cryptocurrencies, and nothing that he's seen in the last few days - a few days where prices have been decimated - is changing his mind.

In his latest Tweet on the matter, McAfee conceded that "people have panicked". But also, he argued that there's no need for them to do so. "We're in a bear market", he said. "They suck, yes".

But he continued, adding that "I'm 73, and have seen this dozens of times in many markets. Bear markets are like winter. It's always followed by a glorious spring". He advised people to simply "relax".

That said, his Tweet did phrase some of this in a slightly, well, different way. Here's what he wrote...

People have panicked. But there's no fucking need. We're in a bear market. They suck, yes, and not like a hooker with no teeth. But I'm 73 and have seen this dozens of times in many markets. Bear markets are like Winter. It's always followed by a glorious Spring. Fucking relax.

- John McAfee (@officialmcafee) November 20, 2018

Prices continued to fall overnight, and there's no clear end in sight at the moment. We can but see what state everything is in once the current panic subsides...

11/20/2018 / 06:39:43 Source: cryptonewsreview

Crypto | News | bitcoin | John McAfee | | Trading|BTC|Market
BTC
1 BTC=$3,490.40
XRP
1 XRP=$0.3083
ETH
1 ETH=$91.25
XUC
1 XUC=$2.08
EOS
1 EOS=$2.03
BCH
1 BCH=$97.92

News Feed 50

Cointelegraph Neutral - #Bitcoin, Ripple, Ethereum, Stellar, EOS, Bitcoin Cash, Bitcoin SV, Litecoin, TRON, Cardano: Price Analysis, Dec. 12 read more.
12/12/2018 / 19:35:00
Ccn Neutral - Romania: Bitcoin Exchange CEO Vlad Nistor Arrested for Money Laundering, May Face US Extradition read more.
12/12/2018 / 19:33:59
Bitcoinmagazine Neutral - Bitwala Is Offering German Citizens Joint Crypto and Fiat Banking Accounts read more.
12/12/2018 / 19:32:55
Cryptopotato Neutral - #Ethereum Price Analysis Dec.12: Where Do You Go, Ether? read more.
12/12/2018 / 19:15:59
Bitcoinmagazine Neutral - This New Lightning Wallet Allows You to Receive Tips Without Running a Node read more.
12/12/2018 / 19:09:26
Ethnews.Com Negative - IBM Hopes To Strengthen 'Do Not Call' Registries With Blockchain read more.
12/12/2018 / 19:01:22
Cryptoglobe Neutral - Cryptocurrencies Should Be 'Outlawed’, Allianz GI CEO Claims read more.
12/12/2018 / 19:00:02
Bitcoinmagazine Neutral - The World’s First ERC-20 and Bitcoin Atomic Swap Has Taken Place read more.
12/12/2018 / 18:50:19
Bitcoin.Com Neutral - BCH Devs Discuss Securing Instant Transactions With the Avalanche Protocol read more.
12/12/2018 / 18:45:59
Ccn Neutral - ‘What is Bitcoin’ Ranked Among Top Google Searches in 2018 read more.
12/12/2018 / 18:32:05
Cryptopotato Neutral - What’s The Real Reason Behind Coinbase Not Listing Ripple XRP? read more.
12/12/2018 / 18:24:32
Cointelegraph Neutral - Russian Deputy Prime Minister: Draft Crypto Legislation Won’t Be ‘Significantly’ Edited read more.
12/12/2018 / 18:20:00
Bitcoinmagazine Neutral - Prosecutors Seek 10-Year Jail Sentence for Karpeles Over Mt. Gox Embezzling read more.
12/12/2018 / 18:15:29
Cointelegraph Neutral - Dutch Central Bank Proposes License Requirement for Cryptocurrency Service Providers read more.
12/12/2018 / 18:14:00
Cointelegraph Neutral - Russian Draft Bill Blocking Suspicious Financial Websites ‘Could’ Cover ‘Scam’ ICOs, Experts Note read more.
12/12/2018 / 18:05:00
Cryptoglobe Neutral - UAE, Saudi Arabia to Jointly Launch Cryptocurrency for Interbank Transactions read more.
12/12/2018 / 18:00:51
Bitcoinist Neutral - Coinbase Slammed For Venezuela ZCash Airdrop Being an ‘Advertising Strategy’ read more.
12/12/2018 / 18:00:25
Trustnodes Neutral - Southern Europe Signs Blockchain Accord, House Bill to Promote Cryptos, CFTC Requests Comments on ETH, Augur Faces a Governance Question read more.
12/12/2018 / 17:59:57
Blokt Neutral - XYO Will Launch the Blockchain Satellite ‘EtherX’ into Space Using a SpaceX Falcon 9 read more.
12/12/2018 / 17:59:36
Cointelegraph Neutral - IBM Research Teams up With Agritech Firm to Boost African Agribusiness with Blockchain read more.
12/12/2018 / 17:51:00
Blokt Neutral - Galaxy Digital’s Mike Novogratz Narrates His Crypto Journey, Says He Is Still Bullish read more.
12/12/2018 / 17:34:31
Newsbtc Neutral - Crypto Exchange OKEx Relists Bitcoin ABC Under Original Bitcoin Cash (BCH) Ticker read more.
12/12/2018 / 17:30:31
Bitcoin.Com Neutral - Bitwala Begins Offering Bank Accounts With Bitcoin Wallet and Debit Card read more.
12/12/2018 / 17:15:05
Ccn Neutral - Bitcoin Price ‘Could Go from Bad to Worse’: Bearish Analyst read more.
12/12/2018 / 17:11:23
Coindesk Neutral - Ethereum’s Geth Software Upgrades Ahead of January Hard Fork read more.
12/12/2018 / 17:00:47
Cryptoinsider Neutral - Dogecoin is more decentralized than NEO, IOTA, NEM, Stellar, and Nano read more.
12/12/2018 / 17:00:23
Cryptoglobe Neutral - UK-Based Exchange CEX.IO Moving To Mandatory User Registration read more.
12/12/2018 / 17:00:00
Newsbtc Neutral - Only 4 Crypto Exchanges Have 100,000+ Active Users read more.
12/12/2018 / 16:59:30
Trustnodes Neutral - Most Cryptos Very Close to the Bottom Says This Week’s Technical Analysis read more.
12/12/2018 / 16:29:15
Coinspeaker Neutral - Electronics Giant Samsung is Allegedly Planning to Launch ‘Blockchain Smartphone’ read more.
12/12/2018 / 16:27:03
Cointelegraph Neutral - Canadian City of Calgary Launches Local Digital Currency for Intracity Transactions read more.
12/12/2018 / 16:21:00
Blokt Neutral - EOS Breaks Downward Trend as Market Leader Bitcoin [BTC] Finds Support read more.
12/12/2018 / 16:14:13
Cointelegraph Neutral - Germany’s Second Largest Stock Exchange, SolarisBank Partner to Launch Crypto Exchange read more.
12/12/2018 / 16:12:00
Blokt Neutral - IBM May Offer Blockchain-based Solutions to Indian Telcos read more.
12/12/2018 / 16:09:41
Cointelegraph Neutral - Allianz Global Investors CEO Says Crypto Assets Should Be ‘Outlawed’ read more.
12/12/2018 / 16:07:00
Ccn Neutral - Razer Wants Gamers to Mine Cryptocurrency Using their Idle GPUs — But You Probably Shouldn’t read more.
12/12/2018 / 16:01:42
Blokt Neutral - Full-Blown Reversal for the Price of Factom [FCT] read more.
12/12/2018 / 15:59:59
Trustnodes Neutral - Bitcoin Tops “What is…” Google Searches in US and UK read more.
12/12/2018 / 15:51:01
Cointelegraph Neutral - China: Shenzhen Special Economic Zone to Use Blockchain for Electronic Tax Invoices read more.
12/12/2018 / 15:50:00
Blokt Neutral - Ripple’s XRP Continues Range Trading As Market Leader Bitcoin [BTC] Finds Support read more.
12/12/2018 / 15:48:21
Ccn Neutral - What is Holding Coinbase Back From Integrating Ripple (XRP) Into its Exchange? read more.
12/12/2018 / 15:35:52
Cryptoglobe Negative - #Ethereum (ETH) Price Analysis – December 12 read more.
12/12/2018 / 15:28:49
Bitcoin.Com Neutral - Netherlands to Regulate Cryptocurrencies in Bid to Curb Money Laundering read more.
12/12/2018 / 15:15:35
Blokt Neutral - Bitcoin [BTC] Tests Key Support Level – Bullish or Bearish? read more.
12/12/2018 / 15:14:47
Newsbtc Negative - Billionaire Mike Novogratz Says Crypto ICO Market is Pretty Much Dead Now read more.
12/12/2018 / 15:09:15
Cointelegraph Neutral - India’s Telecom Regulator Completes Mobile Blockchain Pilot with IBM read more.
12/12/2018 / 15:09:00
Cointelegraph Neutral - Crypto Exchange Coincheck’s Owner Monex to Launch Crypto Trading in US starting Q1 2019 read more.
12/12/2018 / 15:04:00
Blokt Neutral - TRON Giveaways and Promotions Kickoff for the Holiday Season read more.
12/12/2018 / 14:59:14
Cointelegraph Neutral - Developers Test Cross-Blockchain Protocol for One-Way ERC20-Bitcoin LN Atomic Swaps read more.
12/12/2018 / 14:51:00
Cryptoglobe Neutral - Former Mt. Gox CEO Mark Karpeles Facing Possible Ten-Year Prison Sentence read more.
12/12/2018 / 14:45:00
Negative
4.5%
Neutral
94.4%
Positive
0.9%
Mixed
0.2%

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.