John McAfee Tries to Calm Down Panic Investors Over Prize Collapse of Cryptocurrencies

John McAfee Tries to Calm Down Panic Investors Over Prize Collapse of Cryptocurrencies

Cryptocurrency News
November 22, 2018 by Jane
1822
John McAfee, who undoubtedly has lots of experience on the crypto market seems slightly annoyed with the panic that arose over the price collapse of cryptocurrencies as he tries to calm down panic investors telling crypto enthusiasts to relax. McAfee adviced that the falling prices will surely be followed by a massive surge soon. He believes
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John McAfee, who undoubtedly has lots of experience on the crypto market seems slightly annoyed with the panic that arose over the price collapse of cryptocurrencies as he tries to calm down panic investors telling crypto enthusiasts to relax.

McAfee adviced that the falling prices will surely be followed by a massive surge soon. He believes that the phenomenon of the bear market is quite a common state which happens from time to time, but will eventually give way to bullish trends.

According to him, there are several causes to the current market crash. Confusion and uncertainty are two of the things that trigger traders to do the things that may have worsened the situation.

He criticized the people who sold their coins as losses due to the fear of losing their funds as these investors and traders ignore the real potential of cryptocurrency. The exchanging of cryptocurrency in dollars and other fiats at this stage makes the fiat currency stronger in the eyes of the masses. The real potential of cryptocurrency was to make the financial system decentralized and not profit making.

John McAfee concluded with a final tweet expressing that he was not alone in his optimism. He remarked that nearly every major player in crypto shares his position. He also reminded his followers that bearish forces are not eternal and will eventually burn out.

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