PRESS RELEASE: John McAfee Indicates an Imminent Market Turn as Weak Hands are Out

PRESS RELEASE: Down 36%: Bitcoin Price Faces Worst Weekly Loss Since April 2013
November 25, 2018
Crypto Daily Roundup – Nov 26, 2018
November 26, 2018

While the dip keep dippin’ and the bears are having its feast in a recent tweet, crypto Ace and influencer John McAfee encourage the community to cheer up and stated that the majority of weak hands were already shaken out stating that the current market collapse is intended to eat everybody that won’t fight back.

I’ll soon get off my ass. This has been an enjoyable rest and I hate to see it end, but I’m afraid we’ve eaten everybody that won’t fight back, which generally indicates an imminent market turn. I’ll have to get back work. So will all of you. Your fear and Loathing will soon end.

— John McAfee (@officialmcafee) November 24, 2018

It’s kind of trend running in the crypto market now – even if the market is crashing with all-time low figures, cryptoanalysts are betting on the potentials of bitcoin and its underlying technology and blockchain. However, on questioning whether he thinks about Bull Run, he responded that,

Whatever lies ahead will be completely unlike what has happened during almost a year of vacation for me, and unfortunately for some, a private Hell they had constructed for themselves. One thing I hope you have learned short term investing = mediocrity. Real weslthh = long term.

— John McAfee (@officialmcafee) November 25, 2018

Moreover, as an advice to investors for effective crypto trading in the coming year, he advised to go long but have thoughtful research and deep research.

Go long, but only after deep, Thoughtful research. Ask yourself whether you can see the object if your investment as a giant 10 years from now. If not. Don’t invest

— John McAfee (@officialmcafee) November 25, 2018

Today he explained a bit of crypto process where he stated that the crypto is a zero-sum game. McAfee elaborates that the “One’s profit in crypto space is the loss of another person”. In his words,

The crypto market is a zero-sum game. Your profit is someone else’s loss. We are not Robin Hood’s or Angel’s of Mercy. We are not standing up for the poor, not building a better world – that’s what the developers do. In the Market we are Pirates. We take. Time to get real.

At present, bitcoin is valuing $3840.72 with a negative mark of 10.93% within 24 hours. John McAfee’s latest conversation depicts that he is trying to support crypto community and less experienced members with his insights. According to McAfee, it’s time to look for value rather than follow the prices.

Recently, we have seen Overstock’s founder found betting on blockchain technology which has eventually increased the value of its total stock for over 23 percents. In addition, the other analyst Lou Kerner predicts Bitcoin still has huge value despite market slumps .

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